Venture funds from the late bubble period and the beginning of the following decade still struggle, despite venture’s recent up market.
Large gains seen from OribMed, Sofinnova, GGV
Pond Venture Partners notches big gain in the mid-decade portfolio of the state pension fund
Mid-life funds perform well for Los Angeles-based pension.
Even TCV, Polaris and Spark funds fail to show luster in LACERS portfolio.
University of California has four active funds from the period
Distributions jumped in the past year
Top 10 funds include Union Square, Spark, Emergence, Foundry, ARCH & OrbiMed, based on VCJ research
Mid-life venture funds make progress in Indiana portfolio
Big gains seen by ARCH, Pacven, Advanced Tech