Investment chief Vishnu Amble sees cost-efficiency benefits in ‘full-service’ separately managed accounts amid lower returns from buyout and VC funds.
The multifamily office's head of investment credits two hours of daily pool training as a kid with the persistence that got her through banking, venture and private equity – and with why she doesn't chase a hot AI story anymore.
Ohio's $23.4bn public school employees' pension is the latest LP to invest in the fund, committing $50m.
LPs in €566m EQT Ventures I included HarbourVest, which led the new CV, as well as AP Fonden 4, Danica Pension, Ilmarinen Mutual Pension Insurance Company, Investor AB, Danish Export and Investment Fund, European Investment Fund and Tesi.
Private equity and venture capital are becoming core structural portfolio components for wealthy clients with long-term investment horizons.
Increasing the UK pension fund’s VC allocation to £200m, the dedicated VC sleeve signals Nest’s intent to strengthen its support for the asset class, part of a broader vision to expand its private markets exposure up to 30% by 2030.
LPs include IFC, FASA, Shell Foundation, Trafigura Foundation, Speedinvest, Blink Impact, FSD Africa and Cisco Foundation.
The backer of serial entrepreneurs across Europe, the UK and US has secured a $40m commitment from the British Business Bank.
'If you have a financial portfolio today that does not include venture assets or start-ups, you're effectively concentrating value in existing or past industries of the world,' says Thomas Kristensen, who leads LGT's venture team.
The fund, whose size has not been disclosed, aims to advance global connectivity and innovation, focusing on AI, automation, edge computing and intelligent data infrastructure.