The firm saw strong LP demand for its early-stage-focused healthtech fund as it soared past its $150m fundraising target.
The growth-equity and late-stage heavy portfolio of the $116bn LP cratered at the beginning of the pandemic, but it largely made up lost ground and then some by mid-year, with Sequoia Capital's recovery standing out.
The pension system announced $85m of re-up commitments; MassPRIM made a re-up of its own into TCV's latest late- and growth-stage-focused fund.
LPs re-upped more than $256m into the trio of funds as other vehicles around the globe continue to grab capital from new and old investors.
Out of the dozens VC funds in California's LP portfolio, most advanced amid the pandemic and during the fiscal year ending June 30.
Jungle Ventures' Amit Anand talks about growing interest in the region from European investors and why it is not too late for LPs to enter.
Apurva Mehta and Patrick O'Connor built a top-performing emerging manager VC portfolio while they were co-CIOs of a hospital endowment in Texas. Two years ago, they converted those partnerships into an FoF.
Pensions, sovereign wealth funds and universities alike announced more than $320m worth of commitments to the sector in Europe and the US.
Middle East
The Abraham Accords normalized relations between the UAE and Israel, and investors in the Middle East are optimistic about the opportunities it brings.
The frim has found success and a solid LP following of family offices and high-networth individuals for its strategy to take US companies public earlier.

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