Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 1 of 18 PageID #:
`38090
`
`
`
`
`
`EXHIBIT A
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 2 of 18 PageID #:
`38091
`
`
`
`
`
`
`REDACTED
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 3 of 18 PageID #:
`38092
`
`
`
`
`
`EXHIBIT B
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 4 of 18 PageID #:
`38093
`
`
`
`
`
`
`REDACTED
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 5 of 18 PageID #:
`38094
`
`
`
`
`
`EXHIBIT C
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 6 of 18 PageID #:
`38095
`
`
`
`
`
`
`REDACTED
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 7 of 18 PageID #:
`38096
`
`
`
`
`
`EXHIBIT D
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 8 of 18 PageID #:
`38097
`
`
`
`
`
`
`REDACTED
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 9 of 18 PageID #:
`38098
`
`
`
`
`
`EXHIBIT E
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 10 of 18 PageID #:
`38099
`
`PERMANENT UNIVERSITY FUND
`DETAIL SCHEDULES OF INVESTMENT SECURITIES
`AND INDEPENDENT AUDITORS’ REPORT
`
`August 31, 2012
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 11 of 18 PageID #:
`38100
`
`INDEPENDENT AUDITORS’ REPORT
`
`The Board of Regents of The University of Texas System
`The Board of Directors of The University of Texas Investment Management Company
`
`We have audited, in accordance with auditing standards generally accepted in the United States of
`America, the financial statements of the Permanent University Fund (the “PUF”), as of and for the year
`ended August 31, 2012, and have issued our unqualified report thereon dated October 31, 2012. We have
`also audited the accompanying schedule of PUF’s equity securities (Schedule A), preferred stocks and
`convertible securities (Schedule B), purchased options (Schedule C), debt securities (Schedule D),
`investment funds (Schedule E), physical commodities (Schedule F), cash and cash equivalents (Schedule
`G), hedge fund investment funds (Schedule H), and the private investment funds (Schedule I), as of
`August 31, 2012. These schedules are the responsibility of the PUF’s management. Our responsibility is
`to express an opinion on these Schedules based on our audit.
`
`In our opinion, the Schedules referred to above, when read in conjunction with the financial statements of
`the PUF referred to above, present fairly, in all material respects, the information set forth therein.
`
`October 31, 2012
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 12 of 18 PageID #:
`38101
`
`PERMANENT UNIVERSITY FUND
`PRIVATE INVESTMENT FUNDS
`August 31, 2012
`
`SECURITY
`
`CREDIT-RELATED FIXED INCOME
`
`AG CAPITAL RECOVERY PARTNERS IV LP.........................................
`AG CAPITAL RECOVERY PARTNERS V LP..........................................
`APOLLO CREDIT OPPORTUNITY FUND II LP.......................................
`AVENUE ASIA SPECIAL SITUATIONS FUND IV LP..............................
`AVENUE SPECIAL SITUATIONS FUND V LP.........................................
`B IV CAPITAL PARTNERS LP................................................................
`CENTERBRIDGE CAPITAL PARTNERS II LP........................................
`CENTERBRIDGE CAPITAL PARTNERS LP...........................................
`CERBERUS INSTITUTIONAL PARTNERS LP........................................
`CVI GLOBAL VALUE FUND A LP 2007...................................................
`CVI GLOBAL VALUE FUND A LP 2008...................................................
`DDJ TOTAL RETURN LOAN FUND LP...................................................
`FCO MA LSS LP......................................................................................
`FORTRESS CREDIT OPPORTUNITIES FUND LP..................................
`H I G BAYSIDE DEBT & LBO FUND II LP...............................................
`MATLIN PATTERSON GLOBAL OPPORTUNITIES PARTNERS II LP....
`MATLIN PATTERSON GLOBAL OPPORTUNITIES PARTNERS III LP...
`MATLIN PATTERSON GLOBAL OPPORTUNITIES PARTNERS LP.......
`MOUNT KELLETT CAPITAL PARTNERS................................................
`NORTHSTAR SEIDLER MEZZANINE PARTNERS II LP.........................
`OAKTREE OPPORTUNITIES FUND VIII LP...........................................
`OAKTREE OPPORTUNITIES FUND VIIIB LP.........................................
`OCM OPPORTUNITIES FUND III LP......................................................
`OCM OPPORTUNITIES FUND IV LP......................................................
`OCM OPPORTUNITIES FUND V LP.......................................................
`OCM OPPORTUNITIES FUND VI LP......................................................
`OCM OPPORTUNITIES FUND VII LP.....................................................
`OCM OPPORTUNITIES FUND VIIB LP...................................................
`TEXAS LIQUIDITY CAPITAL LLC............................................................
`VARDE FUND IX LP................................................................................
`VARDE FUND VIII LP..............................................................................
`VARDE FUND X LP.................................................................................
`TOTAL CREDIT-RELATED FIXED INCOME
`
`DEVELOPED COUNTRY EQUITY
`
`ADVANCED TECHNOLOGY VENTURES VII LP.....................................
`AG PRIVATE EQUITY PARTNERS III LP................................................
`AMERICAN INDUSTRIAL PARTNERS CAPITAL FUND LP....................
`AMERICAN SECURITIES PARTNERS III LP..........................................
`AMPERSAND 2001 LP............................................................................
`AMPERSAND 2006 LP............................................................................
`ARCH VENTURE FUND VI LP................................................................
`ARCH VENTURE FUND VII LP...............................................................
`ARTIMAN VENTURES II LP....................................................................
`ARTIMAN VENTURES III LP...................................................................
`ARTIMAN VENTURES SPECIALOPPORTUNITIES FUND LP................
`ATLAS VENTURE FUND VI LP...............................................................
`AUSTIN VENTURES IX LP......................................................................
`80
`
`SCHEDULE I
`
`VALUE
`($)
`
`49,353
`3,290,213
`60,136,940
`11,095,555
`3,338,145
`1,132,049
`23,961,616
`32,927,514
`47,209,866
`35,334,848
`30,911,942
`4,587,092
`111,212,516
`34,156,530
`30,165,523
`821,115
`22,779,937
`8,388
`28,422,559
`2,844,740
`14,590,688
`3,497,374
`360,956
`66,844
`1,961,242
`7,618,715
`11,798,351
`12,725,201
`53,758,822
`180,563,884
`22,128,967
`60,596,024
`854,053,509
`
`8,093,393
`9,907,484
`1,793,243
`7,217,659
`6,951,254
`18,222,829
`27,534,954
`13,258,873
`21,492,016
`6,670,301
`11,725,978
`4,109,576
`10,795,636
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 13 of 18 PageID #:
`38102
`
`PERMANENT UNIVERSITY FUND
`PRIVATE INVESTMENT FUNDS
`August 31, 2012
`
`SECURITY
`
`AUSTIN VENTURES V LP.......................................................................
`AUSTIN VENTURES VI LP......................................................................
`AUSTIN VENTURES VII LP.....................................................................
`AUSTIN VENTURES VIII LP....................................................................
`AUSTIN VENTURES X LP.......................................................................
`BAKER COMMUNICATIONS FUND II (QP) LP.......................................
`BAKER COMMUNICATIONS FUND LP...................................................
`BAND OF ANGELS FUND LP.................................................................
`BEACON GROUP III FOCUS VALUE FUND LP......................................
`CARE CAPITAL INVESTMENTS III LP....................................................
`CENDANA CO-INVESTMENT FUND LP.................................................
`CGW SOUTHEAST PARTNERS IV LP...................................................
`CHALLENGER CORP.............................................................................
`CLAYTON, DUBILIER & RICE FUND V LP.............................................
`COMMUNITY BANCORP LLC.................................................................
`CORRELATION VENTURES EXECUTIVES FUND LP............................
`CORRELATION VENTURES LP..............................................................
`CORTEC GROUP FUND III LP................................................................
`CORTEC GROUP FUND IV LP...............................................................
`CORTEC GROUP FUND V LP................................................................
`CRESCENDO III LP................................................................................
`CRESCENDO IV LP................................................................................
`CVC EUROPEAN EQUITY PARTNERS IV (C) LP...................................
`CVC EUROPEAN EQUITY PARTNERS LP.............................................
`CVC EUROPEAN EQUITY PARTNERS TANDEM FUND........................
`CVC EUROPEAN EQUITY PARTNERS V...............................................
`DOUGHTY HANSON & CO IV LP............................................................
`DOUGHTY HANSON & CO V LP.............................................................
`DOUGHTY HANSON III LP.....................................................................
`EOS CAPITAL PARTNERS III LP............................................................
`EOS CAPITAL PARTNERS IV LP...........................................................
`EQUISTONE PARTNERS EUROPE FUND A LP....................................
`EQUISTONE PARTNERS EUROPE FUND III E LP................................
`ESCALATE CAPITAL I LP.......................................................................
`FISHER LYNCH VENTURE PARTNERSHIP LP......................................
`FORTRESS FUND IV (COINVESTMENT FUND A) LP............................
`FORTRESS FUND IV (FUND A) LP........................................................
`FORTRESS FUND V (COINVESTMENT FUND A) LP.............................
`FORTRESS FUND V (FUND A) LP.........................................................
`FOUNDATION CAPITAL IV LP................................................................
`FOUNDRY VENTURE CAPITAL 2007 LP................................................
`FOUNDRY VENTURE CAPITAL 2010 LP................................................
`FRANCISCO PARTNERS II LP...............................................................
`FRANCISCO PARTNERS III LP..............................................................
`FULCRUM ANALYTICS INC....................................................................
`GREEN EQUITY INVESTORS III LP.......................................................
`GREEN EQUITY INVESTORS IV LP.......................................................
`GREEN EQUITY INVESTORS V LP........................................................
`H I G GROWTH BUYOUTS & EQUITY FUND II LP.................................
`
`81
`
`SCHEDULE I
`(CONTINUED)
`
`VALUE
`($)
`
`72,056
`1,747,121
`3,332,750
`9,675,244
`13,423,831
`8,948,125
`0
`2,001,670
`16,834
`11,313,039
`5,085,427
`786,898
`0
`1,729,796
`48,259,663
`966,599
`973,423
`719,363
`37,385,273
`9,514,745
`490,708
`1,583,855
`15,249,286
`1,814,514
`19,142,641
`17,606,668
`23,557,994
`34,368,293
`1,621,393
`10,690,654
`16,921,499
`1,448,619
`24,506,751
`8,865,651
`21,581,876
`11,457,411
`12,333,318
`11,387,868
`16,503,208
`12,065,067
`24,128,954
`16,806,311
`19,028,606
`17,924,142
`52,154
`4,535,391
`18,711,869
`45,060,829
`1,455,420
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 14 of 18 PageID #:
`38103
`
`
`
`
`
`EXHIBIT F
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 15 of 18 PageID #:
`38104
`
`PERMANENT UNIVERSITY FUND
`DETAIL SCHEDULES OF INVESTMENT SECURITIES
`AND INDEPENDENT AUDITORS' REPORT
`
`August 31, 2020
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 16 of 18 PageID #:
`38105
`
`Deloitte.
`
`Deloitte&. Toucl1e LLP
`500 West 2nd Street
`Suite 1600
`Austin, 1X 78701
`USA
`Tel: +1 512 691 2300
`Fax: +1 512 708 1035
`www.deloitte.com
`
`INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTAL SCHEDULES
`
`To the Board of Regents of The University of Texas System
`To the Board of Directors of The University of Texas/Texas A&M Investment
`Management Company
`
`We have audited the financial statements of the Permanent University Fund (the "PUF") as of and
`for the years ended August 31, 2020 and 2019, and have issued our report thereon dated
`October 30, 2020, which contained an unmodified opinion on those financial statements. Our
`audits were conducted for the purpose of forming an opinion on the financial statements as a
`whole. The supplemental schedules consisting of the PUF's equity securit ies (Schedule A),
`preferred stocks (Schedule B), purchased options (Schedule C), debt securities (Schedule D),
`investment funds (Schedule E), cash and cash equivalents (Schedule G), hedge fund investment
`funds (Schedule H), and private investment funds (Schedule I) as of August 31, 2020 are
`prepared in accordance with Section 66.05 of the Texas Education Code, and are presented for
`the purposes of additional analysis and are not a required part of the financial statements. These
`schedules are the responsibility of The University of Texas/Texas A&M Investment Management
`Company and were derived from and relate directly to the underlying accounting and other
`records used to prepare the financial statements. Such schedules have been subjected to the
`auditing procedures applied in our audits of the financial statements and certain additional
`procedures, including comparing and reconciling such information directly to the underlying
`accounting and other records used to prepare the financial statements or to the financial
`statements themselves, and other additional procedures in accordance with auditing standards
`generally accepted in the United States of America. In our opinion, the supplemental schedules
`are fairly stated in all material respects in relation to the financial statements as a whole. Our
`report on page 2 of the PUF financial statements includes emphasis-of-matter paragraphs which
`indicate in Note 1, the financial statements of the PUF includes only the investment related
`assets and liabilities and changes therein which are being managed by The University of
`Texas/Texas A&M I nvestment Management Company and does not include the PUF's 2.1 million
`acres of land.
`
`October 30, 2020
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 17 of 18 PageID #:
`38106
`
`PERMANENT UNIVERSITY FUND
`PRIVATE INVESTMENT FUNDS
`August 31 , 2020
`
`SECURITY
`
`SCHEDULE I
`
`FAIR VALUE
`($)
`
`CREDIT
`
`APOLLO CREDIT OPPORTUNITY FUND II LP ......................................... .
`CANYON DISTRESSED TX LP ................................................. .
`CANYON DISTRESSED TX LP (S2)..
`. .......................... .
`CANYON LAUREL FUND II LP .................................................. ............... .
`CENTERBRIDGE CAPITAL PARTNERS LP . .......................................... .
`CERBERUS INSTITUTIONAL PARTNERS LP (SERIES 4) ... ................. .
`CVI GLOBAL VALUE FUND A LP 2007 .................................................... .
`CVI GLOBAL VALUE FUND A LP 2008 .... ................................ .............. .
`DDJ TOT AL RETURN LOAN FUND LP ...... .............................................. .
`DIRECT INVESTMENT #12 .............. ........................................................ .
`DIRECT INVESTMENT #13 ....................................................................... .
`DIRECT INVESTMENT #14 .................. .................................................. .
`FCO MA LSS LP ....................................................................................... .
`FORTRESS CREDIT OPPORTUNITIES FUND LP ..................... .
`FORTRESS LENDING FUND I (B-1) LP ................. ..................... .
`HIG BAYSIDE DEBT & LBO FUND II LP ....... .
`MATLIN PATTERSON GLOBAL OPPORTUNITIES PARTNERS II LP ..... .
`MATLIN PATTERSON GLOBAL OPPORTUNITIES PARTNERS Ill LP .... .
`MKCP MA TX LP ................................................................................... .
`MOUNT KELLETT CAPITAL PARTNERS II LP
`OAKTREE OPPORTUNITIES FUND IX LP ..... .
`..... .
`........... ........
`OAKTREE OPPORTUNITIES FUND VIII LP .............
`OAKTREE OPPORTUNITIES FUND VIIIB LP .......... ........................... .
`OCM OPPORTUNITIES FUND Ill LP.
`. .................................. .
`OCM OPPORTUNITIES FUND IV LP ......................... .............................. .
`OCM OPPORTUNITIES FUND V LP ......................................................... .
`OCM OPPORTUNITIES FUND V I LP ... ......................................... .
`OCM OPPORTUNITIES FUND VII LP ..
`OCM OPPORTUNITIES FUND V IIB LP .................................. .
`SILVER POINT DISTRESSED OPPORTUNITY INSTITUT IONAL PARTN
`TREE LINE DIRECT LENDING II LP ..
`TREE LINE DIRECT LENDING LP ...
`TREE LINE LENDING CO-INVESTMENT LP ........................................... .
`VARDE FUND IX LP ................... .................... ................. .
`VARDE FUND VIII LP .......... ............................ ................................ .
`VARDE FUND X LP.
`TOTAL CREDIT
`
`EMERGING MARKET EQUITY
`
`. ................ ............... .
`ACTIS AFRICA 3 LP.
`ACTIS INDIA 3 LP ...................................... ................. .
`AL TRA PRIVATE EQUITY FUND II LP ................. .
`ASHMORE GLOBAL SPECIAL SITUATIONS FUND IV LP ...................... .
`BARING ASIA PRIVATE EQUITY FUND IV LP .... ...................... .
`BARING VOSTOK PRIVATE EQUITY FUND V LP .................................. .
`BRAZIL OPPORTUNITY GROWTH PARTNERS Ill B LP ......................... .
`DIRECT INVESTMENT#15.
`DIRECT INVESTMENT #16 ............................................. .
`
`70
`
`137,702
`45,808,805
`26,829,148
`6,690,815
`2,702,296
`5,546,418
`122,800
`61 ,400
`1
`35,095,455
`63,400
`432,888
`69,935,71 1
`5,309,631
`8 1,268,638
`12,358,790
`603,991
`6,056,834
`1,502,899
`4 ,099,421
`9,734,367
`282,177
`1,595,31 1
`1
`1
`6,130
`494
`153,555
`38,719
`64,558,005
`12,647,617
`44,500,022
`83,915,492
`846,617
`167,661
`8 ,303,21 8
`531,376,430
`
`1,870,244
`57,716
`16,175,840
`509,936
`394,861
`34,341,381
`12,084,514
`24,375,800
`13,606,104
`
`

`

`Case 1:18-cv-00966-CFC-CJB Document 987-1 Filed 09/06/22 Page 18 of 18 PageID #:
`38107
`
`PERMANENT UNIVERSITY FUND
`PRIVATE INVESTMENT FUNDS
`August 31, 2020
`
`SECURITY
`
`SCHEDULE I
`(CONTINUED)
`
`FAIR VALUE
`($)
`
`AMPERSAND 2001 LP ................. ........... ........ ......... ........ .
`AMPERSAND 2006 LP ..................................................... .
`BEACON GROUP Ill FOCUS VALUE FUND LP .......................... ........ .
`BRIDGEPOINT EUROPE VI LP ...................................................... .
`CARRICK CAPITAL PARTNERS II CO-INVESTMENT FUND LP ............. .
`CARRICK CAPITAL PARTNERS II LP .................................................... .
`CARRICK CAPITAL PARTNERS Ill LP ...................................................... .
`CARRICK CAPITAL PARTNERS LP .......................................................... .
`CENT ERBRIDGE CAPITAL PARTNERS II LP ... .
`CENTERBRIDGE CAPITAL PARTNERS Ill LP ................ .
`CERTARES HOLDINGS (OPTIONAL) LLC ............................................... .
`CORTEC GROUP FUND IV LP ...................................................... .
`CORTEC GROUP FUND V (PARALLEL) LP ............................................. .
`CORTEC GROUP FUND V LP ................................................................... .
`eve EUROPEAN EQUITY PARTNERS IV (C) LP .......... .... ···•·········· ... .
`eve EUROPEAN EQUITY PARTNERS TANDEM FUND ......................... .
`eve EUROPEAN EQUITY PARTNERS V LP ........................................... .
`DIRECT INVESTMENT #1.
`DIRECT INVESTMENT # 10 ..
`DIRECT INVESTMENT #11 ..
`DIRECT INVESTMENT #2 ... .
`DIRECT INVESTMENT #3 ... .
`DIRECT INVESTMENT #4 .... ..................................................................... .
`DIRECT INVESTMENT #5 ........................................................... .
`DIRECT INVESTMENT #6 ............................ ............................... .
`DIRECT INVESTMENT #7 .............................................................. .
`DIRECT INVESTMENT #8 ..................................................................... .
`DIRECT INVESTMENT #9 .......................................... ...................... .
`DOUGHTY HANSON & CO IV LP .............................................................. .
`DOUGHTY HANSON & CO V LP ................................................. .
`ENERGY VENTURES IV LP .................. ............................. ..................... .
`ENERGY VENTURES PRIVATE EQUITY V LP ......................................... .
`EOS CAPITAL PARTNERS Ill LP ............................................................ .
`EOS CAPITAL PARTNERS IV LP.............
`. ................. .................. .
`EQUISTONE PARTNERS EUROPE FUND IIIE LP ................................... .
`EV PRIVATE EQUITY V PLUS LP .............. .
`FORD FINANCIAL FUND II LP .............................. ................................... .
`FORTRESS FUND IV (COINVESTMENT FUND A) LP ............................. .
`FORTRESS FUND IV (FUND A) LP ............................................... .
`FORTRESS FUND V (COINVESTMENT FUND A) LP ............................. .
`FORTRESS FUND V (FUND A) LP ............................................................ .
`FRANCISCO PARTNERS AGILITY A LP ................... ............................. .
`FRANCISCO PARTNERS II LP ..................... .................. ........................ .
`FRANCISCO PARTNERS Ill LP ................................................................. .
`G EC PARTNERS Ill LP .................. ........................................................... .
`GLOBAL ENERGY CAPITAL 2010 LP ...................... .............. ................. .
`GREEN EQUITY INVESTORS V LP .......................................................... .
`HIG CAPITAL PARTNERS V LP ....
`HIG EUROPE CAPITAL PARTNERS II LP ............... .................... .
`
`74
`
`25,242
`13,918,469
`7,829
`18,327,867
`35,133,016
`59,024,762
`12,170,996
`33,150,784
`11,598,099
`93,758,001
`23,210,558
`198,673
`1
`12,062,081
`54,915
`21 ,654
`3,486,226
`-756
`22,801,407
`11,843,114
`2,343,214
`2,177,197
`427,499
`3,413,657
`4 ,925,880
`12,018,463
`1,812,128
`23,355,384
`214,868
`1,294,393
`12,958,997
`62,749,946
`2,937,900
`15,730,379
`795,994
`26,139,477
`6 1,648,793
`1,148,813
`1,582,603
`6,922,655
`7,829,003
`31,237,147
`4 ,469,674
`36,791,714
`48,561,144
`575,553
`16,428,959
`2 1,552,218
`13,230,260
`
`