CalPERS named Stephen Gilmore, formerly CIO of New Zealand Superannuation Fund, as its new chief investment officer.
Tiger Global, which has roared through the fundraising market for the past 10 years, was only able to muster a meow with its latest fund.
Matter Venture Partners, a new firm started by two Kleiner Perkins vets, has closed on $300m for its debut, or $100m more than planned.
The San Francisco-based firm has closed on $90m for Superset Capital II, which had a target of $100m.
“There's a lot of attention on DPI and… maybe the talk about it is driving managers to perhaps do things that probably aren't optimal from a long-term return perspective, but helpful in the short term to their LPs who want capital back,” says Allen Waldrop, PE director for Alaska Permanent Fund.
The CIO of the second-largest pension in the US offered his thoughts at NEXUS 2024 on the benefits and harm that generative artificial intelligence could do to investment teams.
The newly named partner sees lots of opportunity to invest between the foundational model and app layer of the AI stack.
Monarch Collective co-founder Jasmine Robinson says that growing viewership trends, NIL and interest from institutional investors led to the firm’s close on $100m for its debut fund.
CalPERS committed a combined $2.1 billion to 13 growth equity and VC funds in the third quarter of 2023, a new report shows.
LPs include “senior executives at BlackRock, Cooley, Google, senior healthcare and finance executives and prominent family office groups in the California area,” the firm says.