Gregg Gethard

Ventura County Employees Retirement Association, which has backed seven VC funds in the past two years, has raise its target allocation to private markets by 2 percent.

“The rules regarding special treatment for some LPs over others could be more eloquently crafted and should rely more on disclosure than prohibition,” says Maryland State Retirement and Pension System CIO Andrew Palmer.

Elimination of preferred treatment could even the playing field but have other consequences.

Optimism on PE reigns after successful 2021, but several factors could soften valuations.

Iconiq Capital, whose clients include tech billionaires such as Mark Zuckerberg, is seeking to raise $5.75 billion for growth investments in enterprise software, fintech and consumer tech.