University of Texas System's endowment assets reached a new peak of $21.7 billion as of Feb. 28, halfway through its fiscal year. The prior apex was $20.6 billion as of Aug. 31, 2012.
Assets of the larger of the university system's two pooled endowment funds, the Permanent University Fund, rose 5.2% to $14.2 billion as of Feb. 28 from $13.5 billion as of Aug. 31. The General Endowment Fund increased 4.2% to $7.4 billion in the six months ended Feb 28 from $7.1 billion, according to meeting materials from Tuesday's meeting of the board of directors of University of Texas Investment Management Co. UTIMCO manages the endowment and operating funds of the University of Texas and Texas A&M systems. Both UTIMCO and the University of Texas System are based in Austin.
Returns of the Permanent University Fund were 6.3% for the six months and 8.37% for the 12 months ended Feb. 28. The General Endowment Fund returned 6.43% fiscal-year-to-date Feb. 28, while the one-year return was 8.54%, according to UTIMCO performance reports from the April board meeting.