California Public Employees’ Retirement System in August will begin interviewing candidates to succeed Chief Investment Officer Ted Eliopoulos, with the aim of hiring a new CIO before year-end. Eliopoulos said in May that he would step away from the $356.5 billion pension fund this year as family reasons required him to relocate to the East Coast. […]
The SEC ordered Sofinnova Ventures to pay a $120,000 penalty for violating pay-to-play laws, which prohibit investment advisers from providing paid services to government entities within two years of making contributions to elected officials or candidates who can influence the selection of investment advisers. Sofinnova offered a settlement, which the SEC accepted, the order says. The […]
Funds from New Enterprise Associates, DFJ and Oak HC/FT Partners top an emerging venture-capital portfolio at Los Angeles Fire and Police Pension System. The portfolio, with vintages of 2013 to 2015, is made up largely of midsized funds and a mix of early-stage and multistage investment strategies. Seventy percent of the funds are between $300 million […]
Funds from Canaan Partners, Longitude Capital and IVP head up a maturing venture-capital portfolio at the Los Angeles Fire and Police Pension System. The portfolio, with vintages of 2008 to 2012, is largely made up of mid-sized funds and mixes early-stage and multi-stage investing. More than half of the funds are between $300 million and […]
Industry Ventures said it raised a $335 million fifth hybrid fund of funds, representing a significant step up in size from its prior fund. The new fund will follow the firm’s existing investment strategy of mixing primary and secondary investments. The fund, which was oversubscribed, brings institutional capital under management to $3.4 billion, with $1.1 […]
Funds from Longitude Capital, DCM Ventures and Bay Partners head up a maturing venture-capital portfolio at the Los Angeles Fire and Police Pension System. The portfolio, with vintages of 2004 to 2007, is largely made up of mid-sized funds and favors early-stage investing. Half of the funds are between $200 million and $550 million, and […]
Funds from Industry Ventures and Top Tier Capital Partners lead a portfolio of emerging venture-capital funds at Ohio Public Employees Retirement System. The portfolio, with vintages of 2013 to 2017, is made up largely of midsized and larger funds with an investment strategy favoring secondaries and funds of funds. Just over half the funds are […]
Funds from Top Tier Capital Partners, JMI Equity and Industry Ventures lead a portfolio of maturing venture-capital funds at the Ohio Public Employees Retirement System. The portfolio, with vintages of 2010 to 2012, is made up largely of smaller funds, but with a mix of investment strategies. Two-thirds of the funds are less than $300 […]
JMI Equity is targeting $1.1 billion for its latest flagship fund, according to SEC filings. At $1.1 billion, JMI Equity Fund IX will be only slightly larger than its predecessor, which closed on $1 billion in 2014. JMI, a software-focused firm founded in 1992, specializes in acquiring companies with proven business models and strong management teams, an LP Capital […]
Funds from JMI Equity, M/C Partners and Top Tier Capital Partners head up a portfolio of maturing venture-capital funds at the Ohio Public Employees Retirement System. The portfolio, with vintages of 2003 to 2008, is made up largely of midsized funds favoring multi- and early-stage investment strategies. More than half the funds are between $400 […]