California Public Employees’ Retirement System’s emerging-manager program is increasingly targeting investments with women- and minority-owned private equity firms, even though it’s not an official goal of the program, Portfolio Manager John Greenwood said at at the Emerging Manager Connect West conference in San Francisco on May 11, produced by VCJ publisher Buyouts Insider. “The State […]
Funds from Polaris Venture Partners and DFJ were off to fast starts in a late-vintage venture portfolio at the Los Angeles Fire and Police Pension System. The 14-fund portfolio, with vintages of 2013 to 2016, is largely made up of mid-sized funds and is evenly balanced between early-stage and late-stage investors. About three-quarters of the […]
California Public Employees’ Retirement System Board Member JJ Jelincic has been disciplined for disclosing confidential material. Board member William Slaton accused Jelincic of leaking confidential information during a public meeting earlier this year. He did not provide specific examples, but CalPERS President Rob Feckner agreed to examine the issue. Jelincic requested a public hearing to […]
In April, the board of California Public Employees’ Retirement System praised a proposed budget that slashed $131 million from the annual fees the system pays to its private equity managers, bringing projected fees to $260 million. Unlike previous years, however, CalPERS’s proposed budget for PE-management fees in the 2017-2018 fiscal year does not factor in […]
Funds from Longitude Capital, Canaan Partners and IVP have risen to the top of a well-performing, mid-life venture portfolio at the Los Angeles Fire and Police Pension System. The 14-fund portfolio, with vintages of 2008 to 2012, is largely made up of mid-sized funds with an exposure to early-stage investing. About two-thirds of the funds […]
California State Teachers’ Retirement System allocated $250 million to a separately managed account with Invesco Private Capital to direct commitments to new fund managers, spokesman Ricardo Duran told Buyouts in an email. The fund, New & Next Generation IV, will generally commit to PE firms raising their first, second or third institutional fund. Invesco will likely […]
Funds from Longitude Capital, DCM Ventures and Bay Partners top a portfolio of mid-decade venture funds at the Los Angeles Fire and Police Pension System. The 12-fund portfolio, with vintages of 2004 to 2007, is largely made up of smaller, early stage funds. Half of the funds are under $300 million in size and two […]
Funds from the Column Group, Canaan Partners and GGV Capital lead a portfolio of recently minted venture funds at the University of California. The portfolio is largely made up of mid-sized funds favoring early-stage investing. Seven of the 11 funds range from $306 million to $950 million in size and about half invest in early-stage […]
As you would expect, Tim Bliamptis, a co-founder and managing director at fund of funds Weathergage Capital, is no stranger to venture capital. He was early to the micro VC phenomenon of recent years and is convinced this year may see an uptick in venture liquidity through acquisitions. He also has an open mind to […]
Funds from OrbiMed Advisors and Claremont Creek Ventures have risen to the top of a nicely performing portfolio of venture funds at the University of California. The portfolio is weighed toward mid-sized funds with an early-stage approach to investing. Five of the seven funds are between $300 million and $750 million in size. Only the […]