Key Takeaways
- • The University of Houston System endowment, with about $1.5 billion in assets, committed $12.5 million to EnCap Flatrock Midstream Fund VI, according to a livestream of the endowment management committee's Nov. 11 meeting.
- • The private markets real asset fund will target midstream companies with an emphasis on natural gas, liquids, water and logistics infrastructure.
- • The endowment has previously committed more than $40 million to other EnCap funds.
- • The commitment comes as the endowment held a 4.5% allocation to private real assets as of Sept. 30.
Summary
The University of Houston System's endowment, which totals roughly $1.5 billion, has committed $12.5 million to EnCap Flatrock Midstream Fund VI, according to Pensions & Investments, citing a livestream of the endowment management committee's November 11 meeting.
The fund is a private markets real asset vehicle focused on midstream energy infrastructure. Its stated investment emphasis includes natural gas, liquids, water and logistics infrastructure assets.
The commitment extends an existing relationship with EnCap Investments. The endowment has previously committed more than $40 million to other EnCap funds, according to the report.
The allocation also places the new commitment in the context of the endowment's broader real asset exposure. As of September 30, the endowment held a 4.5% allocation to private real assets.
The fund is a private markets real asset vehicle focused on midstream energy infrastructure. Its stated investment emphasis includes natural gas, liquids, water and logistics infrastructure assets.
The commitment extends an existing relationship with EnCap Investments. The endowment has previously committed more than $40 million to other EnCap funds, according to the report.
The allocation also places the new commitment in the context of the endowment's broader real asset exposure. As of September 30, the endowment held a 4.5% allocation to private real assets.
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