UTIMCO

UTIMCO 2006-12-02 Staff Writer Created in 1996, University of Texas Investment Management Co. (UTIMCO) was the first investment management corporation formed by a public university in the US. Its headquarters in Austin, UTIMCO is governed by the Board of Regents of the University of Texas, UTIMCO is a corpor

Created in 1996, University of Texas Investment Management Co. (UTIMCO) was the first investment management corporation formed by a public university in the US. Its headquarters in Austin, UTIMCO is governed by the Board of Regents of the University of Texas, UTIMCO is a corporation modeled after investment management companies organised by Harvard, Princeton, Stanford and Duke Universities to invest their respective assets.

UTIMCO has around 15 percent of total assets under management allocated to private equity in North America and Europe. In recent years the university has stepped up its alternative investment activity and broadened its focus to include oil and gas, venture capital, buyout, distressed, and mezzanine funds.

UTIMCO has considered direct investment activity but the endowment prefers to co-invest alongside funds it already has a relationship with.

In September 2006 Bob Boldt, UTIMCO's chief executive officer, stepped down after four years to return to the private sector. During his tenure, UTIMCO made headlines when it became one of the first US institutions to disclose previously confidential private equity fund performance data on the internet to comply with the US Freedom of Information Act.

Cathy Iberg, currently deputy chief investment officer, is acting chief executive officer and president. Iberg previously acted as chief executive officer from April 2001 to February 2002, before Boldt took on the role.