California Public Employees’ Retirement System is moving forward with plans to bring on an outside firm to manage its $25.9 billion private equity program, according to internal documents obtained by Buyouts Insider, publisher of VCJ. CalPERS is searching for a firm to monitor and select its future PE investments, Nov. 13 staff presentation materials seen by Buyouts Insider […]
Funds from Battery Ventures, DFJ and GGV Capital are at the front of a portfolio of newly minted venture funds at the San Francisco Employees’ Retirement System. The portfolio is made up of 14 funds with 2016 and 2017 vintages and reflects a diversified investment focus. Four of the funds do early-stage investing, four do […]
I want to know who your LPs are. Yeah, I know that’s a pipedream, but it’s interesting to hear more scuttlebutt over LP disclosure for various reasons. … My colleague Chris Witkowsky at Buyouts opined on this topic in Friday’s PE Hub Wire newsletter in regards to confidentiality agreements and GPs preventing LPs from talking with […]
Venture capital returns softened in the second quarter, but strengthened modestly for some longer-term horizons. The second quarter saw net returns to limited partners of 1.35 percent, according to Cambridge Associates. Quarterly returns in the first quarter of 2017 were 3.3 percent. At the same time, 1-year returns rose to 8.1 percent from 7.1 percent […]
Funds from New Enterprise Associates and Softbank China lead a portfolio of 2015 vintage venture funds at the San Francisco Employees’ Retirement System. The portfolio is made up of 10 funds with a focus on mid-tier and larger capital pools. Investment strategies vary from early to multi stage. Half of the funds are between $350 […]
Teachers’ Retirement System of the State of Illinois formed a new $600 million strategic partnership with Greenspring Associates, a firm based in Owings Mills, Maryland, and Palo Alto, California, spokesman David Urbanek said. Greenspring, which already manages roughly $5.2 billion of committed capital, invests in VC funds and secondary transactions, in addition to taking direct stakes in venture-backed companies. The […]
Funds from Bain Capital Ventures and DFJ top a portfolio of emerging venture funds at the San Francisco Employees’ Retirement System. The portfolio is made up of 2014 vintages with a focus on mid-tier funds, and later-stage and multi-stage investing. Half of the funds are between $200 million and $750 million in size, and only […]
Venture capital performance in the United States turned up in the first quarter with distributions continuing to outpace capital calls, according to Cambridge Associates. During the period, returns on healthcare companies topped those of information-technology startups. Venture capital managers posted a 3.3 percent quarterly return overall in the first quarter and a one-year return of […]
Funds from OrbiMed Advisors, Canaan Partners and DCM Ventures head an early-decade portfolio of venture funds at the San Francisco Employees’ Retirement System. The portfolio is made up of 2011 to 2013 vintages with a focus on mid-tier and larger funds and a mix of early stage and multi-stage investment strategies. A third of the […]
The University of California has pared down the number of venture funds in its portfolio amid a wider cost-saving effort to reduce management fees. UC’s Office of the Chief Investment Officer of the Regents, which oversees $109.8 billion in assets across six investments products, has dropped more than 120 PE and VC fund partners over the […]
vcj
vcj

Copyright PEI Media

Not for publication, email or dissemination