University of Houston System slates $5 million for venture capital fund

University of Houston System committed $5 million to early-stage venture capital fund Mercury Fund IV on behalf of its $572 million endowment, according to a webcast of the November endowment management committee meeting.

It is a new relationship.

Investment consultant Cambridge Associates assisted with the commitment.

Related Articles
University of Houston endowment sets $4 million for Texas-based venture capital
University of Houston System commits $15 million to private equity
University of Houston Foundation chalks up 16.06% return
University of Houston System allocates $44.5 million to 4 managers
University of Houston earmarks $58 million for 6 managers
Recommended for You
Hester Peirce talks and gestures with her hands.
SEC's Hester Peirce to lead new crypto task force
Chancellor of the Exchequer Rachel Reeves sitting in a chair with hands folded in her lap.
U.K. ministers meet with Ontario Teachers, Goldman Sachs and others at Davos in bid for British investments
Neon Fresno sign at night.
Fresno County Employees posts 18.7% return for year ended Sept. 30