Chris Douvos, Ahoy Capital
The new vehicle will be called Ahoy Spinnaker Fund and split its investments 50/50 between venture funds and direct investments, a source tells Venture Capital Journal.
SweetWood
The fund-of-funds raised $70m from European investors, such a private Belgian bank, high net-worth individuals and family offices in Luxembourg and Belgium.
NAVs of VC portfolios may come down by 20 to 30 percent, a public pension LP estimates.
SFC Ventures
The firm will pull from this pool of capital and its network of angels for seed deals in consumer and enterprise deals.
VCERA
The pension committed to two Battery Ventures funds and plans to make five more VC commitments in 2020.
Agreement
Pension system re-ups with Flagship Pioneering and IDG China Venture Capital.
LPs also discuss liquidity concerns and the denominator effect amid the pandemic and the economic slowdown.
Jase Auby, Teacher Retirement System of Texas, TRS
Teacher Retirement System of Texas Chief Investment Officer Jase Auby told his board that the $148 billion pension’s private holdings are unlikely to decrease significantly once valuations catch up with the public markets — but he warned there was no way to know for sure. “They are likely to be down, but it’s unlikely to […]
LAFPP
The pension makes its third venture commitment of the year, backing funds from Greycroft Partners and Imaginary Ventures.
LP Judy Wade CPPIB
Judy Wade and Adam Grosser joins CPPIB in its San Francisco office, a key locale for the pension fund as it sources investment opportunities and deepens relationships in the world’s leading innovation hub.
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