University of Texas System General Endowment Fund (GEF) is an endowment fund based in Austin, Texas. Established in 2001, the endowment is a pooled fund for the collective investment of long term funds under the control of the board. The assets of the endowment are managed by the executive management team.University of Texas System General Endowment Fund's investment portfolio is valued at $12.8 billion, with investments in domestic and international equity, fixed income, private equity, hedge fund, and cash.