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 […]
Funds from Menlo Ventures, Technology Crossover Ventures and Polaris Venture Partners lead a late-decade portfolio of venture funds at the San Francisco Employees’ Retirement System. The portfolio is made up of 2008 to 2010 vintages with a focus on mid-tier funds and an early-stage approach to investing. More than half the funds are between $300 […]
Funds from IVP, Landmark Partners and Sofinnova Ventures are at the top of a mid-decade portfolio of venture funds at the San Francisco Employees’ Retirement System. The portfolio is made up of 2002 to 2007 vintages with a balanced mix of small, mid-tier and larger funds and a diverse approach to investing. Half of the […]
Venture capital returns are known to show a wide dispersion. This is certainly true of the returns of 281 recent vintage funds collected by Venture Capital Journal (and displayed in a chart at the bottom of this story). The returns range from an IRR of 67.60 percent, earned by Union Square Ventures 2004, the top […]
Funds from TLV Partners, ARCH Venture Partners and True Ventures head up an emerging portfolio of newly minted venture funds at the University of Texas Investment Management Company. The portfolio is made up of 2015 to 2017 vintages and favors small and mid-tier funds with an early-stage approach to investing. About a third of the […]
Funds from ARCH Venture Partners, Foundry Group and GGV Capital lead an early-decade venture portfolio at the University of Texas Investment Management Company. The portfolio is made up of 2012 to 2014 vintages and favors smaller funds with an early or seed-stage approach to investing. Three quarters of the funds are less than $200 million […]
Real Desrochers, former private equity chief at California Public Employees’ Retirement System, joined CITIC Private Equity Funds Management Co as a managing director, according to sources. Desrochers updated his LinkedIn profile recently to indicate he started in the new role in April. It’s not clear exactly what Desrochers will focus on or whether he is relocating […]