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Landmark, Insight shine in INPRS venture portfolio: VCJ

Funds from Landmark Equity Partners and Insight Venture Partners continue to shine brightest in the Indiana Public Retirement System’s early decade venture portfolio, according to an analysis by affiliate magazine Venture Capital Journal.

But True Ventures, Globespan Capital Partners, Walden International and Advanced Technology Ventures chalked up the biggest performance gains in the second half of last year.

True Ventures I from 2006 saw a nice upswing in value, as did 2003 and 2006 funds from Globespan.

The funds are among 19 venture investments INPRS has with vintages of 2001 to 2006. The portfolio overall is performing well. Sixteen of the funds had positive IRRs as of December 2013 and three were in the red, according to the money manager’s latest portfolio report.

Gains during the second half of last year were largely modest. Eleven funds advanced and seven declined.

Landmark Equity Partners XII, a 2004 vintage fund, lost a bit of ground, but still leads the portfolio with an IRR of 25.29 percent, the report shows. Insight Venture Partners V from 2005 is second on the list with an IRR of 20.34 percent.

This story first appeared in Reuters Venture Capital Journal. Subscribers can read the original story here. To subscribe to VCJ and other venture-related research products, click here for the Marketplace.

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