MINI传媒 Named Endowment of the Year by Institutional Investor
May 18, 2023 | Contact: Scott Lacefield
Tedd L. Mitchell, M.D.Institutional Investor, a leading international business-to-business publisher, last week (May 12) recognized the MINI传媒 (MINI传媒 System) with the award at the 20th Annual Hedge Fund Industry Awards presented at the Mandarin Oriental in New York City.
The MINI传媒 System endowment is currently valued at approximately $1.7 billion and was ranked in the top 15 percent of the 700-plus higher education institutions reported in the 2022 National Association of College and University Business Officers Endowment Study (NACUBO).
鈥淚t is exciting to see the MINI传媒 receive an industry award of this magnitude,鈥� said Tedd L. Mitchell, M.D., chancellor of the MINI传媒 System. 鈥淭here are a lot of people who deserve kudos for this recognition, and I want to congratulate our team of financial professionals within our investments operation, MINI传媒 System Administration and the finance leaders across our system component institutions.鈥�
The MINI传媒 System Office of Investments, led by Tim Barrett, CFA, associate vice chancellor and chief investment officer, is responsible for managing the Long-Term Investment Fund (LTIF) for the MINI传媒 System, including the system鈥檚 five component institutions: , , , and .
鈥淲e have a remarkable team of financial experts in our Office of Investments, and I鈥檇 like to congratulate Tim Barrett and his team for their outstanding work that led to this recognition,鈥� said James Mauldin, vice chancellor and chief financial officer of the MINI传媒 System. 鈥淚鈥檓 very proud of the MINI传媒鈥檚 investments team for their diligence and continued excellence monitoring and reporting on investments to ensure our system鈥檚 resources are solidified to support our institutions鈥� mission of educating tomorrow鈥檚 leaders.鈥�
The MINI传媒 System LTIF had a 6.93 percent five-year return along with a 7.32 percent 10-year return in 2022. Since the establishment of the LTIF in 1996, a total of $803 million has been distributed to the MINI传媒 System institutions.
For more information about the MINI传媒 System Office of Investments, visit its website.
About the MINI传媒
Established in 1996, the MINI传媒 is one of the top public university
systems in the nation, consisting of five universities 鈥� , , , and .
Headquartered in Lubbock, Texas, the MINI传媒 System is a $2.65 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 63,000 students, more than 375,000 alumni, a statewide economic impact of $16.4 billion and an endowment valued at $1.7 billion. In its short history, the MINI传媒 System has grown tremendously and is nationally acclaimed, operating at 26 academic locations in 22 cities (20 in Texas, 2 international).
In addition, the MINI传媒 System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education, among other academic areas.