LPs poured billions of dollars into the VC market in 2020 and showed no signs of stopping in the wake of the coronavirus.
The $53.5bn pension would like to find a way to better measure the full workforces of potential investment managers, among other concerns.
LPs announced $225m of new venture commitments including multiple organizations that haven't invested in the asset class in years.
ESG investing
The 23-year Hamilton Lane veteran is in the perfect position to help formally initiate the firm’s integration of ESG.
We examine how the Los Angeles pension’s initiative to back diverse and minority-owned PE managers has performed and evolved over more than a decade.
Diversity and inclusion
The initiative has 46 founding signatories, including venture firms .406 Ventures, ForgePoint Capital and Insight Partners as well as LPs, such as Teacher Retirement System of Texas and CPP Investments.
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.

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