fund structure
Capital on both sides of the table could be in trouble as funds have swelled in size and come back to market faster than ever before. Here’s how GPs and LPs are traversing fund schedules and capital calls.
A recession fueled by an ongoing pandemic has universities facing critical budget woes. With endowments feeling the heat, VCs are on course to see a very different fundraising environment later this year or in 2021.
TCRS' 2020 venture commitments are already more than 2.3x its 2019 allocation to the asset class.
New Mexico
The sovereign wealth fund committed $30m to the fund bringing its total venture commitments in 2020 up to $45m across three vehicles.
Sovereign wealth funds have boosted their investment in VC deals by more than 19x over the past 10 years, a new report says.
China
The university endowment announced a $30 million commitment to GSR Ventures VII, its 10th commitment to a China-focused fund in the past three years.
The US's largest public pension has been considering various strategies to get back into VC. But the strategy unveiled last week is not likely to have a venture capital component.
The State of Michigan Retirement Systems committed $335 million to five funds in the first quarter of 2020.
Sacramento
The pension committed $20m to Summit Partners Venture Capital Fund V and saw its venture portfolio post a 21.27% return in Q4 2019.
LAFPP
The LA pension announced $40m of new commitments bringing its 2020 total to $67.5m, up from the $46m invested at this time in 2019.
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