NMSIC is on track to commit nearly $300m combined to seven vintage-2023 VC funds, after investing $365m in 16 vintage-2022 funds.
The operator of an accelerator for emerging fund managers hopes to expand awareness of opportunities to stake minority investments in VC managers.
As more investors conduct climate scenario analyses, the severity of physical risks on investment portfolios is becoming clearer.
The firm sent a letter to investors that says its partners 'are planning to come back with a new strategic plan within a 180-day period,' an LP tells Venture Capital Journal.
COP28 president Sultan Ahmed Al Jaber, who is part of Altérra's four-person leadership team, describes it as "a vehicle like no other."
Rising interest rates will have the biggest impact on performance over the next 12 months, followed by recession in core markets and high inflation, LPs say.
Just Climate sold an undisclosed ownership stake to the California pension fund earlier this year.
The government also created the Powering Australia Technology Fund, which has the capacity to make venture, growth equity and fund investments and provide development capital.
The California system, which committed to early-stage tech investor Eclipse this year, is ramping up its private equity program after a spike to its target allocation.
Venture Capital Journal surveyed 117 institutional investors worldwide to find out what is most – and least – important to investors in venture funds.