Coronavirus Bounceback
LPs’ fears of large markdowns in VC assets did not materialize. Valuations through Q2 are expected to either stay relatively flat or even increase, especially for late-stage focused managers.
Six venture-focused LPs gathered for a virtual roundtable and shared their comments on various topics. The result is that we learned how equally enthusiastic about venture they are.
The pandemic is rapidly accelerating family offices’ interest in venture. Industry veteran Wendy Craft believes that once they’re in, they will stay.
VCJ LP roundtable
Six venture-investing LPs share their views in a virtual roundtable on the impact of covid-19, communications, due diligence, diversity and healthtech.
In the magazine: LPs share their views on the impact of covid-19, communications, due diligence and diversity; Latin America's VC market; And much more.
LP Brijesh Jeevarathnam Adams Street
In 2016, the LP formed a dedicated early-stage venture capital fund by leveraging its existing VC program. It continues to re-up with long-term partners as it also adds one or two new GPs a year.
The Connecticut Retirement Plans and Trust Funds is working to decrease its exposure to venture, but says it will continue to invest in its successful SMA initiative.
Growth Strategy
The private markets advisory firm believes the pandemic has created even greater investment opportunities in the late-stage and growth equity sectors.
The pension commits $20m to CRV XVIII and brings its venture commitment total to $40m for the year, bringing the portfolio just shy of the $45m that was invested in 2019.
Monica Adractas, head of venture capital funds, gives an exclusive tour of the Canadian pension investor’s $1bn program.

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