Fund performance: Column Group, Canaan lead emerging venture portfolio at UC

Funds from the Column Group, Canaan Partners and GGV Capital lead a portfolio of recently minted venture funds at the University of California.

The portfolio is largely made up of mid-sized funds favoring early-stage investing. Seven of the 11 funds range from $306 million to $950 million in size and about half invest in early-stage deals.

All are still in formative stages with vintages of 2011 to the present. The university does not release performance data for two Sequoia Capital funds in the group.

Overall, the portfolio has performed well. More than half of the funds have investment multiples above 1.4x despite their young age, according to a recent returns report.

At the top of the portfolio is Column Group II from 2014 with an investment multiple of 2.58x as of March 2016, the report shows. The fund has made substantial distributions.

In second place is Canaan IX, with an investment multiple of 1.91x as of March. The fund made significant gains during the previous 12 months.

GGV Capital has the next two spots in the portfolio, with its GGV Capital IV from 2012 with an investment multiple of 1.82x as of March 2016, the report shows. Its GGV Capital V was close behind with a multiple of 1.6x.

The portfolio also holds funds from Khosla Ventures and W Capital Partners.

The portfolio is listed in the attached spreadsheet with commitments, distributions and investment multiples.

Download Data in Excel: University of California venture portfolio (2011 to present)

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