University of Houston Commits $10M to Private Equity

The University of Houston approved a commitment of $10 million to Mill Point Fund Capital III according to materials from the May 15th Board Meeting. 

Mill Point is a special situations control buyout manager with a focus on the industrial, business services, IT services industries in the lower middle market. This commitment represents a new relationship for the endowment. 

As of December 31, 2023, the $1.1 billion endowment allocates approximately 27.3% to private equity. 

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