US pension MassPRIM, which committed to just a single venture fund in 2023, has already committed to two this year.
WovenEarth Ventures announced it has closed its inaugural fund of funds on its hard-cap of $152m.
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.
Photo of Practica Capital team.
Practica Capital, a Lithuanian venture capital firm, has closed its third fund at a hard-cap of €80m.
Photo illustration of a big payday.
To generate liquidity for limited partners in its first fund, Primary Venture Partners has completed a $95 million secondary strip sale to StepStone Group, Venture Capital Journal has learned.
NMSIC committed $10m to Next Frontier Capital's fourth fund, which is targeting $125m to invest in B2B tech companies in the Rocky Mountain region.
ArcTern closed on $335m for its third climate-focused fund, including a $25m commitment from Canadian Pension Plan Investments.
Photo of Jason Howard, founder and managing partner of New Catalyst Strategic Partners
Firm founder Jason Howard says New Catalyst Strategic Partners plans to initially do seven to 10 deals, with investments between $60 million and $75 million or more.
Liquidity from the system’s PE portfolio dropped off over the past two years.
CalSTRS Christopher Ailman
Christopher Ailman, one of the longest serving public CIOs in the US, has been instrumental in growing the pension’s private markets portfolio and continues to shine a light on sustainability and ESG.

Copyright PEI Media

Not for publication, email or dissemination