California State Teachers’ Retirement System declined to release information about the fees and expenses charged by its older private fund managers, limiting insight into the myriad costs private equity firms impose on investors. A state law that took effect last year, AB 2833, requires general partners who raised fresh capital from organizations like CalSTRS or California Public […]
Funds from Longitude Capital, Column Group and Altos Ventures top a portfolio of late-decade venture-capital funds at the California Public Employees’ Retirement System. The portfolio favors mid-sized and smaller funds, and brings a diversified approach to investing. Almost half of the funds are between $250 million and $450 million in size, and another third are […]
Looking for great employee compensation data? Take part in our eighth annual Holt-MM&K-Buyouts Insider PE/VC compensation survey and get a free executive summary. Plus, you will be able to purchase the full report at a 45 percent discount. Ready to go? Click the following link to download this year’s survey: Buyouts Insider 2018 North America […]
Funds from Avalon Ventures, Foundry Group and Third Rock Ventures lead a portfolio of 2007 vintage venture funds at the California Public Employees’ Retirement System. The portfolio favors mid-sized and small early-stage funds. Almost half are between $200 million and $499 million, and more than half target startups early in their life spans. Three larger […]
Baruch Future Ventures is the family office of venture capitalist Tom Baruch. Baruch has been an investor for more than three decades. At Exxon he managed investments and invested in early-stage companies like Supertex, which went public in 1982 and was bought by Microtech in 2014. Baruch collaborated with New Enterprise Associates to found CMEA Capital in 1988; some of its notable investments were Aclara Biosciences, now […]
University of Georgia Athens Foundation created the role of chief investment officer after the endowment surpassed $1 billion in liquid assets last year. The foundation named Jason Bull its first CIO, Kelly Kerner, vice president for development and alumni relations and executive director of UGA Foundation, told Buyouts. Bull will oversee investments at UGA Foundation, including the private equity portfolio, […]
Florida State Board of Administration’s private equity portfolio netted more than $700 million for the state’s investment program in 2017. The board, which oversees $205 billion of state assets including the $162 billion retirement system, generated the bulk of its 2017 returns from its buyout, secondary-market and distressed holdings. Returns in its growth-capital and venture-capital […]
The Department of Justice and the SEC rebuffed claims by the issuer of two allegedly fraudulent initial coin offerings that U.S. securities laws are “unconstitutionally vague” as applied to cryptocurrencies. Instead, the government argues, in dual filings submitted to a federal court on March 19, the ICOs in question “comfortably fit” within the parameters of existing […]
Funds from Battery Ventures and Viola Ventures lead a portfolio of 2008 vintage venture funds at the California Public Employees’ Retirement System. The portfolio favors mid-sized funds with early and multi-stage approaches to investing. Three of the five funds are between $200 million and $350 million in size, and one is under $200 million. The […]
Watermill Group has sent a letter to its portfolio companies, advocating for a culture of safety and calling on its management teams to update their codes of conduct and launch sexual-harassment training throughout their organizations. The letter, which comes in the wake of the #MeToo movement, appears to be one of the first instances in which […]
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