Exclusive: UTIMCO loses head of private markets investing

General Views Of The Texas Capital As The City Expands

The Texas State Capitol building stands past construction cranes at the University of Texas at Austin campus in Austin, Texas, U.S., on Saturday, April 4, 2015. About 900,000 people live in the city of Austin and that number is expected to reach nearly 1.3 million by 2040, a 40 percent increase, according to city figures. More than 100 people move to the city a day, according to the city's demographer. Photographer: Matthew Busch/Bloomberg via Getty Images

Photograph by Matthew Busch — Bloomberg via Getty Images

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:

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