August 16, 2007
UNIVERSITY OF HOUSTON SYSTEM
BOARD OF REGENTS MEETING
| Members Present: | |
|
Leroy L. Hermes, Chair
Michael J. Cemo, Vice Chair Calvin W. Stephens, Secretary Dennis D. Golden Raul A. Gonzalez Morgan Dunn O’Connor Lynden B. Rose Christopher Sharpe Welcome W. Wilson, Sr. Jim P. Wise |
The University of Houston System Board of Regents convened in the Melcher Board Room, Athletics/Alumni Center at the University of Houston on Thursday, August 16, 2007. Noting the presence of a quorum, Chairman Hermes called the meeting to order at 12:58 p.m.
Chairman Hermes then recessed for the Endowment Management Committee Report and turned the meeting over to Regent Cemo.
Regent Cemo stated the Endowment Management Committee met on July 31, 2007 and approved the following two items:
- Endowment Assessment – UH System
- Transfer of Quasi Endowment Funds to Support Scholarship Awards – UH System
Regent Cemo turned the meeting over to Mr. McShan who introduced Item C, the Appointment of Endowment Investment Manager.
Action Item:- Appointment of Endowment of Investment Manager – UH System – The Endowment Management Committee obtained information from Cambridge Associates concerning a firm that was identified for consideration as an investment manager for the Endowment Fund. The committee interviewed representatives from the investment management firm, EnCap Investments, regarding their most recent fund, EnCap Energy Capital Fund VII, L.P. The committee requests the approval of EnCap Energy Capital Fund VII, L.P. as an investment manager for the University of Houston System Endowment Fund.
After hearing the committee report, Chairman Hermes reconvened to a full Board meeting at 12:59 p.m.
Regent O’Connor moved Board approval of the items as presented. Regent Wise seconded the motion, which passed unanimously.
EXECUTIVE SESSION
The Executive Session was not held because they met at the earlier Board meeting scheduled today.
There being no further business to come before the Board, the meeting was adjourned at 1:00 p.m.
All documentation submitted to the Board in support of the foregoing action items, including but not limited to “Passed” agenda items and supporting documentation presented to the Board, is incorporated herein and made a part of these minutes for all purposes; however, this does not constitute a waiver of any privileges contained herein.
| Others Present: |
|
John M. Rudley
Dona Hamilton Donald J. Foss Jim McShan Raymond Bartlett Janis Newman Gerry Mathisen |
