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Gregg Gethard

Photo illustrating concept of striking while the iron is hot.
The fundraising downturn presents a rare opportunity for well-positioned LPs to take advantage of the pullback by many of their peers.
Logo for the City of San Jose
The $5bn pension has boosted its VC target to 4.5%, in addition to increasing its allocations to private equity and private debt.
Photo illustrating concept of connecting money with an idea.
The fund of funds, which is targeting $750 million, expects to invest 70 percent of its capital in primary funds, including as many as 14 venture funds.
Could a 'Total Portfolio Approach' model come to the nation's largest pension system?
CalPERS named Stephen Gilmore, formerly CIO of New Zealand Superannuation Fund, as its new chief investment officer.
US pension MassPRIM, which committed to just a single venture fund in 2023, has already committed to two this year.
The pension aims to invest about $200m in venture capital and growth funds this year, after committing a combined $77.5m to five venture funds in 2023.
Liquidity from the system’s PE portfolio dropped off over the past two years.
Illustration of a man stacking up gold coins beside an hourglass
The California system, which committed to early-stage tech investor Eclipse this year, is ramping up its private equity program after a spike to its target allocation.
The Sacramento County Employees' Retirement System plans to ease back on its commitments to venture until it sees a rebound in the exit market.

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