LP Scorecard: How Special Situation Funds Are Performing For UTIMCO

A 2003 vintage fund managed by Angelo, Gordon & Co takes the top spot an analysis of the University of Texas Investment Management Co’s distressed debt and special situations fund commitments in its active portfolio as of November 30, 2012.

AG Capital Recovery Partners IV LP comes out top, posting a 28.68 percent IRR and 1.58x multiple. UTIMCO committed $20 million to that fund. UTIMCO’s active portfolio includes some 261 private equity funds spanning vintages 1988 to 2012. The state ...

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