Asset owners

UTIMCO plucks senior director of private equity from Texas Teachers

Brad Thawley joined University of Texas/Texas A&M Investment Management Co., Austin, as a senior director on the private equity team.

The position is new, confirmed Karen Adler, a spokeswoman for the UT System, in an email.

UTIMCO managed a total of $44.6 billion as of Nov. 30, of which $31.2 billion was managed in two endowment funds for the University of Texas and Texas A&M systems.

About 22% of the UT/Texas A&M endowment assets is managed in private equity, a UTIMCO investment report showed.

Mr. Thawley was senior investment officer for private equity for the $153 billion Texas Teachers Retirement System, Austin.

Rob Maxwell, a TRS spokesman, said Mr. Thawley's position is being reviewed and a successor has not yet been named.