SFERS has an active year, putting $104M to work in five funds, as venture portfolio sees modest gains
From 2004 through 2012, 11 of its 18 venture funds have IRRs in the negative
The Santa Monica, Calif.-based firm posted an IRR of 154.7%, as of March 31, 2012
Institutional investors have long signed on to Modern Portfolio Theory, which teaches that a critical element in producing good returns is selecting the right asset allocation targets. Picking the right assets, or asset managers, is important too. But it’s perhaps secondary. That said, once you get down to a single asset class, and particularly an […]
Funds by TA Associates, Oak Investments Partners and NEA also rank high in the state pension fund’s latest report
Standouts include such funds as Union Square Ventures 2004, Insight Venture Partner V and Canaan VII from 2005
The performance of WSIB’s funds from 2006 to 2010 is strong, as four of the funds from the period have IRRs above 20%, while only one has a negative IRR
VCJ obtained exclusive fund performance data from MassPRIM that shows the LP bought into more than two dozen funds from 2007 to 2012
Among the top funds in its limited venture portfolio are Insight Venture Partners V, Union Square Ventures 2004, Summit Partners Venture Capital Fund II-A and New Enterprise Associates 12
The state pension fund invested in two notable venture capital funds last summer: Michael Kim’s Cendana Capital and Roger Ehrenber’s IA Ventures