alaska
Alaska Permanent Fund will reduce its commitments by $400m after being overallocated to its private equity asset and special opportunities portfolio for fiscal 2022.
Texas County & District Retirement System committed to 12 funds from CRV, DCVC, IDG, Joy Capital, OpenView, Orbimed, Shine Capital, The Colum Group and Threshold Ventures.
California Public Employees' Retirement System
The new CIO of the nation’s largest pension says the system lost out on between $11bn and $18bn during a 'lost decade' of private equity.
Long term investing or savings
Private and community foundations, which enjoyed massive returns from venture capital last year, anticipate increasing their allocations to private equity at higher rates than other asset classes over the next three years, according to fresh research from Commonfund Institute.
Finger, point, blame, accuse, admonish, chastise
Energy Innovation Capital Management of Southern California overcharged on management fees, says the Securities & Exchange Commission.
Top Tier, Skandia and Wellcome all say market slowdown won't rattle their long-term commitments to their portfolio fund managers.
As economic troubles continue to roil the world’s biggest economies, VCs are thriving in a European market where $1bn-plus unicorns are making quite a splash.
Adrian Millan from PJT Partners offers advice to LPs considering a sale on the secondary market, such as selling a portfolio of VC funds in tranches over multiple quarters to fetch the best prices.
The $104bn pension fund is an investor in more than 150 venture funds, including vehicles managed by Index Ventures, Sequoia Capital China and Spark Capital.
Public pensions drove the LP-led market in H1, as allocation pressures led them to sell despite worsening price dislocation, Campbell Lutyens found.
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