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        <PersonNm>John Daly</PersonNm>
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        <PersonNm>Luis Martins</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Robert Freund</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Sheridan Titman</PersonNm>
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      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Susie Brown</PersonNm>
        <TitleTxt>Manag Director</TitleTxt>
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        <DeferredCompRltdOrgsAmt>14773</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>12084</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>237124</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="15000324" softwareVersionNum="2015v3.0">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b: Form 990 Review Process</FormAndLineReferenceDesc>
        <ExplanationTxt>The Managing Director reviews the return for accuracy and completeness before it is filed.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</FormAndLineReferenceDesc>
        <ExplanationTxt>The Trustees are required to sign an affirmation of compliance annually.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</FormAndLineReferenceDesc>
        <ExplanationTxt>Certain other documents available upon request.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other Changes In Net Assets Or Fund Balances - Other Increases</FormAndLineReferenceDesc>
        <ExplanationTxt>Change in cash value = $2125</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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          <BusinessNameLine1Txt>The University of Texas</BusinessNameLine1Txt>
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          <AddressLine1Txt>1 University Station</AddressLine1Txt>
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        <RelatedOrganizationName>
          <BusinessNameLine1Txt>The MBA Investment Fund LLC</BusinessNameLine1Txt>
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          <AddressLine1Txt>825 West 11th Street 141</AddressLine1Txt>
          <CityNm>Austin</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>78701</ZIPCd>
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        <PredominantIncomeTypeTxt>Excluded investment</PredominantIncomeTypeTxt>
        <ShareOfTotalIncomeAmt>206379</ShareOfTotalIncomeAmt>
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      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
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      <TransferFromOtherOrgInd>true</TransferFromOtherOrgInd>
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          <BusinessNameLine1Txt>The University of Texas</BusinessNameLine1Txt>
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        <FormAndLineReferenceDesc>Salary Supplement for the Dean</FormAndLineReferenceDesc>
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</Return>