Of the 52 venture funds in the Penn SERS portfolio, only JMI Equity Fund V has returned more than invested capital; another five funds have returned more than half of capital contributed
The city pension fund has several big winners, including Spark Capital, which boasts a net IRR of 57.74%, as of June 2012
Recent venture investments are still too early to generate cash returns, although funds by Morgenthaler and Guggenheim have already returned some capital
A total of 17 VC funds that Washing State backed during the recent decade have returned more cash than called
The best performer is Spark Capital II, with a 57.74% net IRR; the worst is the cleantech-focused NGEN II with -35.4%
Of the 62 funds in Washington State’s portfolio, 32 have generated returns more than invested capital
NEA has one of the best performers in the state pension fund, while two OVP Venture Partners funds rank in the bottom
Among the best performers in the NYSLRS is a fund managed by Fairview Capital Partners
In a VCJ analysis of select funds, 61% of 2001-era funds have positive IRRs
Top three 2000-era funds are from TA Associates, ABS Capital Partners and Apax Partners