We are following up on the proposed investment of pension and maybe endowment funds in some kind of deal with the Big Ten athletic conference which UCLA joined - setting off a months-long brouhaha at the Regents after an intervention by the governor.*
There are questions, to say the least, about the use of pension funds to support the athletic program. Presumably, it was "sold" to the Regents during a closed-door meeting as a good deal by investment criteria.
Yours truly does not know what "a 100-year investment" means. See below. Does it mean we have to wait that long to determine if it was a good deal? If so, a not-so-nice interpretation would mean that no one currently alive can be held responsible for the long-term results. Does it make sense to talk about 100 years in the context of college sports which are undergoing rapid change due to such factors the legal climate surround pay for players and the changes in technology for delivery of sports events to households?
From the Daily Bruin: UC Investments offered $2.4 billion for a 10% stake in a new entity that would manage the Big Ten’s league-wide media rights and sponsorship deals. The UC said it would use a pension fund to invest in Big Ten Enterprises, which would then direct funds to individual Big Ten schools’ athletic departments, according to ESPN. The UC’s investment arm manages investment funds for the University and provides fiduciary oversight, managing about $190 billion in its portfolio, according to the office’s website...
UC Investments considers Big Ten Enterprises “a 100-year investment,” a UC Investments spokesperson said in an emailed statement. They added in the statement that UC Investments has offered other Big Ten universities the chance to buy its stake if they are seeking a larger amount of ownership for themselves. “Our prospective partnership reflects our shared belief in stability, excellence, and purpose,” said Jagdeep Singh Bachher, the UC’s chief investment officer, in the statement. “UC Investments would be proud to support the Big Ten’s enduring legacy and its continued commitment to the success of student-athletes and scholars alike.” ...
Full story at https://dailybruin.com/2025/10/30/uc-investments-offers-2-4-billion-for-stake-in-new-big-ten-entity.
Note that ESPN reported that the University of Michigan and USC concluded that the deal was NOT a great investment. See:
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*https://uclafacultyassociation.blogspot.com/2025/10/athletic-investments-part-2.html; https://uclafacultyassociation.blogspot.com/2025/10/athletic-investments.html.
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