The University of Texas Investment Management Co. is among the many limited partners burned by early stage, tech-focused venture capital funds launched during the dot-com bubble. But UTIMCO didn’t let that negative experience sour it on such funds – and it is now reaping the rewards. Since 2005, the LP has backed seven early stage [...]
You are browsing the archive for UTIMCO - 2/3 - peHUB.
What was hot on peHUB this week? Posts that garnered the most pageviews from regular readers from June 20 to June 24 included reader opinions about the SEC’s registration carve-out for venture capital firms; returns generated by Austin Ventures and Morgenthaler provided by UTIMCO (for the second week in a row); and the top five strategic buyers of sponsor-backed companies; and more.
1. Accel-erating Returns at the Top-Tier VC, by Jonathan Marino
2. UTIMCO Holds 7 Austin Ventures Funds, 4 of Which Have Negative IRRS, by Mark Boslet (subscribers only)
3. New Venture Commitments Fall at UTIMCO, by Mark Boslet
4. The Flame-Throwing History of Michael Arrington, by Connie Loizos
5. IRRs for Eight Morgenthaler , Courtesy of UTIMCO Funds, by Mark Boslet (subscribers only)
6. Cloud, Social Media, Health Services Top List of Hottest Venture Markets, by Mark Boslet
7. 5 Top Strategic Buyers Of Sponsor-Backed Companies, by Bernard Vaughan
8. Winklevoss Twins Give Up Facebook Appeal, by Jonathan Stempel
9. Top 10 Winners in Pandora’s IPO, by Lawrence Aragon (subscribers only)
10. TALK BACK: The SEC Defines Venture Capital, by Jonathan Marino
Utimco pulled back from venture capital over the past several years, as did many LPs during this difficult period. The endowment that manages $23 billion in assets for the University of Texas and Texas A&M school systems made no new investments in 2009 and only three in each of 2008 and 2010. Even then, commitments [...]
Top 10 Hub Posts this Week Focus on Pandora’s IPO, IRRs for Morgenthaler and Austin Ventures, and PE Execs in Pro Sports
Catch up on what your colleagues found most interesting on peHUB this week. Posts that garnered the most pageviews from regular readers from June 13 to June 17 focused on reader opinions about expanding the 500-shareholder rule; the biggest winners in Pandora’s IPO; IRRs for Austin Ventures and Morgenthaler provided by UTIMCO; PE pros that have bought into pro sports teams; Searchlight’s new media fund; and more.
1. Slideshow: Top 10 Winners in Pandora’s IPO, by Lawrence Aragon
2. Slideshow: IRRs for Eight Morgenthaler Funds, Courtesy of UTIMCO, by Mark Boslet
3. Slideshow: Who Makes The Most Money Of All?, by David Toll (Subscribers only)
4. Slideshow: VCs and PE Execs Who’ve Made the Leap into Pro Sports, by Jonathan Marino
5. Slideshow: UTIMCO Holds 7 Austin Ventures Funds, 4 of Which Have Negative IRRs, by Mark Boslet
6. Winklevoss Twins Still Pursuing Facebook Founder, by Jonathan Stempel, Reuters
7. Searchlight Reaches $800M On Debut Media Fund, by Gregory Roth
8. TALK BACK: What to Do with the 500 Shareholder Rule, by Jonathan Marino
9. Middle Market M&A Dominates First Five Months, Strategic Most Active Buyers, by Luisa Beltran
10. Reinventing The Board Meeting, by Brad Feld, Foundry Group (Subscribers only)
UTIMCO’s Austin, Texas, headquarters is only a short walk from the offices of Austin Ventures. It should come as no surprise, then, that the two organizations know one another. And know one another they do. UTIMCO has invested a total of $103 million in seven Austin Ventures funds, its second largest VC holding after Morgenthaler [...]
UTIMCO is no slouch when it comes to venture capital. The endowment manages $23 billion in assets for the University of Texas and Texas A&M school systems and has 56 active venture funds in its portfolio. Its largest fund holding is Morgenthaler Ventures, which has been making VC investments for more than 40 years and [...]
Catch up on what your colleagues found most interesting on peHUB this week. Posts that garnered the most pageviews from regular readers from June 6 to June 10 focused on compensation data; venture returns at UTIMCO; most active PE buyers for Q2; Austin Ventures decision to hire a chief compliance officer; Gridiron Partners holding a first close; outrage over Lynn Tilton’s plans to take one of her companies into bankruptcy; and more.
1. Slideshow: Who Makes The Most Money Of All?, by David Toll
2. Slideshow: UTIMCO’s Top 5 Venture Capital Investments, by Mark Boslet (subscribers only)
3. Slideshow: Q2’s Most Active Buyers, by Bernard Vaughan (subscribers only)
4. Excerpt: Sub Debt Coming in More Flavors, by Steve Bills
5. TPG Capital Is Planning $1B BDC, by Steve Bills
6. Why Did Austin Ventures Hire A Chief Compliance Officer?, by David Toll
7. Job Moves: Kleiner Lures Huang from Vivo, CalPERS Gets Real, Founders Fund CFO Moves On, More, by Joanna Glasner (subscribers only)
8. Lynn Tilton Blasted for Bankruptcy Conflicts, by Tom Hals, Reuters
9. Conn. Firm With Ties To Pro Sports Holds $147M First Close: Source, by Bernard Vaughan
10. Cerberus’ Feinberg Foresees Smaller Funds, by Megan Davies, Reuters
Catch up on what your colleagues found most interesting on peHUB this week. Posts that garnered the most pageviews from regular readers from May 30 to June 3 focused on venture returns at UTIMCO; insiders who cashed out before Groupon’s IPO; Level Equity raising its first fund; Sequoia Capital backing a chain of grilled cheese shops; and more.
1. Slideshow: UTIMCO’s Top 5 Venture Capital Investments, by Mark Boslet
2. Slideshow: Top 10 Winners in pre-IPO Cash-Out at Groupon, by Lawrence Aragon
3. Backers of Biggest Groupon Round Not Among Top Shareholders, by Joanna Glasner
4. Former Insight GPs Raise $120M for New Firm, Level Equity, by Lawrence Aragon
5. Job Moves: Vivo Promotes Two, TA Goes to Hong Kong, Obama Appointee Joins Venrock, More, by Joanna Glasner
6. Sequoia Flips Over Kaplan’s Grilled Cheese, by Sarah McBride, Reuters
7. Fundless Sponsor Sponsor Plots Fund IV, by Bernard Vaughan
8. It’s Baaack: Wine.com Shopping for $10M to $15M — Exclusive, by Connie Loizos
9. So, Um, What’s Up with DLA Piper?, by Connie Loizos
10. Another Argument For Back-ended Carry Distributions?, by David Toll
The University of Texas Investment Management Co. (UTIMCO) has been a private equity investor for 29 years. So, you might ask, what are its returns? We wondered the same thing, so we put in a Freedom of Information Act request to get its latest performance data. In aggregate, UTIMCO’s returns are as follows as of [...]
The University of Texas Investment Management Co. (UTIMCO) was the first public institutions to regularly provide fund-level performance data for its private equity portfolio, and remains the most up-to-date. While CalPERS, for example, is still listing numbers as of December 31, UTIMCO just sent over a marks through the end of May (yes, this May).
Included are IRRs and other figures for nearly 200 venture capital and buyout funds (plus some funds-of-funds and credit vehicles). Among the more notable names on the VC side are Austin Ventures, Foundry Group, Foundation Capital, Morgenthaler Ventures, Spark Capital and Union Square Ventures. The buyout group includes virtually all the big names: Apollo, Blackstone, Carlyle, KKR, Hellman & Friedman, TPG Capital, Warburg Pincus and more.
Get the data after the jump…