Lindel Eakman is stepping down as head of private market investments at the University of Texas Investment Management Co., after nearly 13 years with the $35 billion endowment management group, Fortune has learned.
Word is that he plans to form a new fund focused on venture capital investing, perhaps building off of his success backing debut funds from such managers as Foundry Group, IA Ventures, True Ventures and Union Square Ventures.
UTIMCO has not yet announced a formal succession plan.
Below is a report on UTIMCO’s private market portfolio, including performance, through the end of this last February:
