Funds from Aisling Capital, Clarus Ventures and Asia Alternatives lead a portfolio of late-decade venture funds at the California Public Employees’ Retirement System. The portfolio of 2008 and 2009 vintages is a mix of mostly smaller and mid-sized funds. It employs primarily an early and multi-stage approach to investing, though it also has two funds […]
A pair of funds from Insight Venture Partners leads a portfolio of mid-decade venture and growth funds at the California Public Employees’ Retirement System. The portfolio of 2004 to 2007 vintages is a mix of smaller and mid-sized funds. It employs a multi-stage, or generalist, approach to investing and has two funds of funds. Half […]
A proposed bill intended to update the procedures of the Committee on Foreign Investment in the United States (CFIUS) has raised concerns from the National Venture Capital Association, which argues the legislation is ambiguous in regard to requirements for venture firms with foreign LPs. The NVCA also said it could damage the U.S. venture sector’s […]
Funds from Upfront Ventures, Claremont Creek Ventures and Huntington Capital lead a portfolio of late-decade venture funds at the California Public Employees’ Retirement System. The portfolio of 2007 to 2009 vintages favors small funds and an early-stage approach to investing. Half of the funds are between $100 million and $200 million in size, and most […]
Los Angeles County Employees Retirement Association is preparing to sell a portion of its $5.1 billion private equity program on the secondary market. LACERA’s Board of Investments approved a plan at its Jan. 10 meeting to request proposals from experienced secondary market advisors to lead the sale of “portfolios comprised of dozens of distinct limited […]
Funds from Emergence Capital Partners, Third Rock Ventures and OrbiMed Advisors head up a portfolio of late-decade venture funds at the California Public Employees’ Retirement System. The portfolio of 2007 to 2011 vintages favors mid-sized fund and an early stage approach to investing. Almost half of the funds are between $250 million and $750 million […]
New Mexico
New Mexico State Investment Council is moving its private equity program into the hands of 30 or fewer core managers, according to spokesman Charles Wollmann. New Mexico’s $2 billion PE program currently includes 52 funds, managed by 23 general partners, deemed “core” to the sovereign-wealth fund’s long-term investment plans moving forward, a presentation from the council’s Jan. 9 […]
Venture capital distributions tumbled 12.9 percent in second-quarter 2017 to their third lowest quarter in five years, and fund returns moved in tandem, slipping significantly from Q1. Data from Cambridge Associates shows returns for Q2 2017 were 1.4 percent, bringing the first six months of the year to 4.7 percent. This compared with 3.3 percent […]
Funds from OrbiMed Advisors, New Enterprise Associates, GGV Capital and BlueRun Ventures top a portfolio of recent-vintage venture funds at the California State Teachers’ Retirement System. The portfolio of 2012 and 2017 vintages takes a diversified approach to investing, with an emphasis on mid-sized funds and on a later-stage and multi-stage deal focus. Almost half […]
New York State Common Retirement Fund secured commitments to three new private equity funds in September and October. The fund, whose sole trustee is State Comptroller Thomas DiNapoli, on Oct. 11 committed $250 million to Insight Venture Partners’ 10th flagship fund, according to public investment disclosures released by the $192.4 billion pension system. Fund X will invest in revenue-generating […]
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