Public scrutiny: Private equity disclosure stirring national debate; Release of returns by University of Texas encourages others to urge similar action.(News)(University of Texas Investment Management Co)

Pensions & Investments, October, 2002 by Williams, Fred

Byline: Fred Williams AUSTIN, Texas - The public release of private equity returns by the University of Texas is rippling through the industry and could open private equity and venture capital investments to unwelcome public perusal. Already, tax-exempt institutional investors in Massachusetts, California and Connecticut are being pressured to make similar disclosures.

At the same time, there are signs the private equity industry is considering a unified effort to combat what is expected to become a trend. In UT's case, despite the objections of general partners and its fellow limited partners, the University of Texas Investment Management Co., Austin, bowed to political and media pressures and released the performance of 149 private equity funds....

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