Funds from SAIF Partners, Technology Crossover Ventures and Bay Partners lead a portfolio of mid-decade venture funds at California Public Employees’ Retirement System. The portfolio of 2005 and 2006 vintages is diversified among early, late- and multistage strategies, and well balanced among larger, smaller and midsized funds. Three of the eight funds are between $500 […]
New York State Common Retirement Fund made the first two fund investments through its Israel-focused separate account with Hamilton Lane, an investment disclosure released this week shows. The separate account allocated $10 million each to NFX Capital Fund, a seed and early-stage fund, and Tene Growth IV, which invests in mature Israeli companies. The commitments closed in […]
Funds from Index Ventures, 5AM Ventures and Battery Ventures top a portfolio of maturing venture funds at the California Public Employees’ Retirement System. The portfolio of 2004 vintages favors early-stage strategies, and mid-sized to smaller funds. Five of the nine funds range from $300 million to $475 million, and two-thirds of the portfolio target early-stage […]
Where is private equity’s “Me Too” moment? The venture capital world has been rocked with revelations of sexual harassment and bad behavior by venture GPs. That includes Justin Caldbeck, co-founder of VC firm Binary Capital, who called it quits after several female entrepreneurs last summer came forward with stories of unwanted advances. Sam Isaly said he would step down from Orbimed Advisors in December following a StatNews report that […]
Funds from SoftBank China Venture Capital and Silicon Valley BancVentures lead a portfolio of emerging markets venture funds at California Public Employees’ Retirement System. The portfolio of 2007 to 2014 vintages favors mid-sized funds and a multi-stage approach to investing. Five of the 11 funds range from $150 million to $350 million, and more than […]
University of Michigan’s $11.6 billion endowment took a $50 million stake in Roark Capital Group’s fast-growing restaurant platform. In June, University of Michigan committed $50 million to Roark Capital Partners II Sidecar Fund, which Axios reported was raising as much as $2 billion to acquire multiple restaurant companies to hold alongside Arby’s Restaurant Group. Roark acquired Arby’s from Wendy’s in 2011. “The […]
Venture capital returns improved in the third quarter of 2017, with quarterly performance more than doubling to an IRR of 3.23 percent. Short-term time-horizons improved most, with the last year’s third-quarter performance rising from 1.35 percent in the second quarter, according to Cambridge Associates. The nine-month performance climbed to 8.05 percent from 4.68 percent. Most […]
Sequoia Capital, one of the most sought-after venture firms in the market, set its ambitions high by targeting between $6 billion and $8 billion for a global growth mega-fund. But to achieve its lofty goals, it will have to work with a section of the limited partner community it has shunned for many years: public […]
Funds from Giza Venture Capital and Baring Private Equity Asia top a portfolio of emerging markets venture funds at the California Public Employees’ Retirement System. The portfolio of 2006 to 2008 vintages favors mid-sized funds and a multi-stage approach to investing. Six of the 10 funds range from $200 million to $500 million, and 60 […]
Funds from Element Partners and Chrysalix Energy Venture Capital head a portfolio of cleantech venture funds at the California Public Employees’ Retirement System. The portfolio of 2007 to 2010 vintages is a mix of mostly smaller and mid-sized funds. The majority focuses on a multi- and late-stage approach to investing, with several zeroing in specifically […]
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