Funds from Union Square Ventures, Ampersand Ventures and Technology Crossover Ventures are at the head of a portfolio of maturing ventures funds at the University of Texas Investment Management Company. The portfolio is made up of 2003 to 2005 vintage funds and favors mid-sized capital pools with a mix of early and late-stage approaches to […]
Los Angeles County Employees Retirement Association at its August meeting committed roughly $390 million to three new private equity funds, which could bring its total commitments for the year north of $1 billion. Last week, the LACERA board of investments approved a commitment of up to $200 million to Onex Partners flagship buyout fund, along with up to […]
Funds from Battery Ventures, Union Square Ventures and Technology Crossover Ventures lead a late-decade portfolio of venture funds from Washington State Investment Board’s Pathway and Invesco holdings. The portfolio is made up of 2008 to 2010 vintage funds and favors mid-sized and larger capital pools with a multi-stage approach to investing. Nearly half of the […]
Teachers’ Retirement System of Louisiana might commit as much as $1.6 billion to private-market funds over the next year, up 14 percent from its allocation in the most recent fiscal year. The Louisiana Teachers’ board, which elected to move forward with the FY 2018 investment plan earlier this month, plans to commit as much as $550 million to buyout […]
San Francisco Employees’ Retirement System’s private equity program has netted a 15.8 percent internal rate of return since inception, surpassing its benchmark by more than half a percentage point, according to a TorreyCove Capital Partners report distributed at its Aug. 9 board meeting. San Francisco, which launched its PE program in 1987, measures its portfolio of PE and […]
During a recent nine-month period, funds managed by Union Square Ventures, Varde Partners and Wingate Partners returned substantial sums to backer University of Texas Investment Management Co. Since inception, UTIMCO contributed a total of $371.9 million to these funds and received a combined $208.9 million in distributions from May 2016 to February 2017. Union Square Ventures, which specializes in early-stage tech-sector investments, […]
Venture capital funds turned in their worst performance last year in eight years and distributions tumbled by a third to $18.7 billion, according to Cambridge Associates. One-year performance for the industry was a meager 0.3 percent in 2016 as returns in the year’s final quarter sank to -0.1 percent, Cambridge said. The year was the […]
Funds from Spark Capital, Insight Venture Partners and Battery Ventures top a decade-old portfolio of venture funds from Washington State Investment Board’s Pathway and Invesco holdings. The portfolio is made up of 2006 and 2007 vintage funds and favors larger and mid-sized capital pools with an early or multi-stage approach to investing. Nearly half of […]
Limited partners are often more aligned with a new manager raising a first or second fund than with a highly in-demand manager who can dictate terms. That’s according to Jason Andris, managing director of Venture Investment Associates, speaking on a panel at the Emerging Manager Connect East 2017 conference July 26 in New York City. LPs and […]
LPs and GPs are more conscious of hiring, retaining and promoting women, but it’s still a toxic environment for females in private equity. That was one of the takeaways from a panel discussion during the Emerging Manager Connect East 2017 conference at the Harvard Club in Manhattan on July 26. The conference was put on […]