Cover Story: Disclosure –

Back in 1992, the running joke among private equity firms was: “Do you want to take money from anyone running for president?” That’s because when Ross Perot ran for office, federal laws required the billionaire to disclose his wealth-resulting in a 123-page report that publicized his active venture capital investments.

Today, the not-so-funny running joke is: “Do you want to take money from a public pension fund?” And for that you can thank the University of Texas, which published in October the private equity returns of 124 venture and buyout funds in which it’s an investor. It looks like there will be more to come. On Oct. 17, a newspaper