Investment Company To Be Renamed to Reflect A&M’s Participation
COLLEGE STATION, Texas — The Texas A&M University System Board of Regents unanimously decided Thursday to reappoint venture capitalist Ray Rothrock to another term on the board of the soon-to-be-renamed investment company that oversees the endowments of Texas A&M University and the University of Texas.
Mr. Rothrock, who earned his B.S. in Nuclear Engineering from Texas A&M University in 1977, was appointed last year to the University of Texas Investment Management Company, or UTIMCO, which last week was rechristened by the investment company’s board as “The University of Texas/Texas A&M University Investment Management Company.” The University of Texas System Board of Regents is expected to sign off on the name-change next month.
Texas A&M University System Chancellor John Sharp welcomed the reappointment.
“Ray Rothrock will be adding his expertise for a new term at the board of The University of Texas/Texas A&M University Investment Management Company, and that is great news for A&M.” Chancellor Sharp said. “Beyond that, I’m pleased to see that the company will get a new name that reflects the involvement of Aggies, as well as Longhorns, in this historic endowment.”
Mr. Rothrock, a partner emeritus at the capital venture firm Venrock, has investment expertise and interests that include energy, information technology infrastructure and cyber security. As a venture capitalist for more than two decades, Rothrock personally discovered, created and guided more than 50 companies in the Venrock portfolio.
Mr. Rothrock also previously served as Trustee of the Texas A&M Foundation and chaired the investment committee of its $1 billion endowment. In 2016, he was honored as a Distinguished Alumnus of Texas A&M University.
Besides his B.S. in Nuclear Engineering from Texas A&M, he holds an S.M. in Nuclear Engineering from Massachusetts Institute of Technology and an MBA with Distinction from Harvard Business School.
UTIMCO, an acronym that will remain after the name-change, 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.
UTIMCO is governed by a 9-member Board of Directors that includes three members of The UT System Board of Regents and four other members appointed by the UT System Board and two members appointed by the Texas A&M System Board.
Additionally, Aggies soon will gain another seat on the investment company’s board. UT System Chancellor William H. McRaven announced this month that he has relinquished his seat on the board, and it will be filled in May by an A&M System representative.
About The Texas A&M University System
The Texas A&M University System is one of the largest systems of higher education in the nation, with a budget of $4.2 billion. Through a statewide network of 11 universities and seven state agencies, the Texas A&M System educates more than 148,000 students and makes more than 22 million additional educational contacts through service and outreach programs each year. System-wide, research and development expenditures exceeded $972 million in FY 2016 and helped drive the state’s economy.
Contact: Laylan Copelin
Vice Chancellor of Marketing and Communications
(512) 289-2782 cell