University of Houston System committed $4 million to Great Hill Equity Partners V for its endowment fund, confirmed Raymond Bartlett, treasurer.
It is a private equity fund that invests in growth companies. It is the $565 million endowment’s first commitment to Great Hill Partners.
Separately, the endowment approved redeeming a $6.4 million long/short equity hedge fund managed by Three Bridges Capital for personnel reasons.
