UT System Regents Appoint Members of UTIMCO Board of Directors
AUSTIN – The University of Texas System Board of Regents on March 18 reappointed Charles W. Tate of Houston and appointed James P. Wilson of Sugar Land to the Board of Directors of The University of Texas Investment Management Co. (UTIMCO).
Tate was initially appointed to the UTIMCO Board of Directors in 2004. He chairs the Risk Committee and is a member of the Audit and Ethics Committee. Tate is chairman and founding partner of Capital Royalty, L.P., and former managing partner of Hicks, Muse, Tate and Furst, Inc. He serves on the executive committee of the Cancer Prevention and Research Institute of Texas and is a member of the University of Texas at Austin Development Board; the University Cancer Foundation Board of Visitors and Strategic Advisory Committee for the UT MD Anderson Cancer Center; and the Board of Overseers of the Columbia University Graduate School of Business.
Wilson is vice chairman of The Texas A&M University System Board of Regents. He is a managing director of Rock Hill Capital Group, a Houston-based private equity firm. Prior to joining Rock Hill Capital, Wilson was a founder and managing partner of RSTW Partners, an investment management firm founded in 1990. He is a member of the Mays Business School Development Board and is the Past Chairman of the Board of Trustees of the 12th Man Foundation of Texas A&M University. He succeeds former UTIMCO Board of Directors Chairman Erle Nye of Dallas whose term expired.
About The University of Texas Investment Management Co.: UTIMCO is a 501(c)(3) investment management corporation whose sole purpose is the management of investment assets under the fiduciary care of the Board of Regents of The University of Texas System. Created in March 1996, UTIMCO is the first external investment corporation formed by a public university system in the nation. It invests endowment and operating funds in excess of $19 billion. UTIMCO is governed by a nine-member Board of Directors. The UTIMCO Board of Directors includes three members of The University of Texas System Board of Regents, one member selected from a list provided by The Texas A&M University System Board of Regents, the Chancellor of The University of Texas System, and four outside investment professionals appointed by the UT System Board of Regents.
About The University of Texas System: The University of Texas System is one of the nation’s largest higher education systems, with nine academic campuses and six health institutions. The UT System has an annual operating budget of $12.8 billion (FY 2011) including $2.3 billion in sponsored programs funded by federal, state, local and private sources. Preliminary student enrollment exceeded 202,000 in the 2009 academic year. The UT System confers more than one-third of the state's undergraduate degrees and educates nearly three-fourths of the state's health care professionals annually. With more than 84,000 employees, the UT System is one of the largest employers in the state.