The University of Texas is on track to surpass the Harvard Endowment as the largest university endowment.

This is due to a combination of internal challenges and external controversies surrounding Harvard, as well as questions about their investment strategy.

The University of Texas has a significant financial advantage, particularly in terms of energy windfall, which is not easily replicated by other institutions.

This shift in the landscape of university endowments could have implications for funding and investment strategies in higher education.