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University of Houston approves $22.5m in commitments

The US endowment has committed to secondaries, buyout and venture funds.

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University of Houston System has approved commitments of $10 million to Lexington Capital Partners IX, $7.5 million to Thoma Bravo Fund XIII and $5 million to Vivo Capital Fund IX.

The $578 million US endowment has a 10 percent target allocation to private equity that currently stands at 8.5 percent.

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