Rebecca Szkutak
The pension committed $20m to Summit Partners Venture Capital Fund V and saw its venture portfolio post a 21.27% return in Q4 2019.
Meta Change Capital looks to invest in Series A and beyond into blockchain companies in such areas as gaming, decentralized funding and crowdfunding.
Singapore-based Genesis is targeting $70m for its debut vehicle and already collecting commitments from international foundations and LPs.
The LA pension announced $40m of new commitments bringing its 2020 total to $67.5m, up from the $46m invested at this time in 2019.
The organization invested in two funds managed by Mayfield and three vehicles operated by General Catalyst.
A survey from NFX found that investors are worried about their portfolios and don't anticipate the economy bouncing back until at least April 2021.
The firm adds Kristen Kocis as an institutional sales lead to help increase and foster relationships with limited partners.
The firm has a $100m target for the vehicle that will invest in healthcare, healthtech and technology surrounding the 'new normal.'
Q1 numbers show a 45% QoQ decline in funding to start-ups in Canada, but they also show only a slight decline of 7% from Q1 2019.
Established firms had no trouble closing their large funds in Q1, while first-time fundraises were only able to grab 5% of the $20.1bn raised.