At a turbulent time for the industry, LP opinions are more important than ever. Here are the charts from Private Equity International’s Perspectives Survey that reveal what they think of today’s major talking points.
Europe’s venture and startup ecosystem has made tremendous strides in the past decade, and a record amount of investment has produced a bevy of billion-dollar companies. When will institutional investors buy in?
Canada’s largest pension fund with net assets of C$410 billion ($309 billion; €279 billion), has so far made commitments to three Silicon Valley managers. It aims to deploy an initial $1 billion to funds in North America and Europe in early-stage and growth-stage vehicles.
Horse Race Betting
The firm's hybrid fund of funds makes primary investments in small emerging managers.
LPs also discuss liquidity concerns and the denominator effect amid the pandemic and the economic slowdown.
Months after opening its San Francisco office, the largest Canadian pension fund has so far made commitments to three Silicon Valley managers, according to Delaney Brown.
NAVs of VC portfolios may come down by 20 to 30 percent, a public pension LP estimates.
Managers often complain that LPs ask for data but don’t do anything with it; investors say this is not the case.
With $30 mln in recent commitments, the pension has now deployed $135 mln to venture this year.
The State of Michigan Retirement Systems made two $25m re-up commitments to new funds from existing partnerships. 

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