Gregg Gethard

Massachusetts Pension Reserves Investment Management Board, which recently backed two new funds from Union Square Ventures, is looking to give chief investment officer Michael Trotsky more flexibility on VC fund investments.

Insurers and other industry insiders say the SEC’s proposed indemnification rule, combined with other potential regulations outlined in the agency’s February announcement, will impact this corner of the industry.

Ventura County Employees Retirement Association, which has backed seven VC funds in the past two years, has raise its target allocation to private markets by 2 percent.

“The rules regarding special treatment for some LPs over others could be more eloquently crafted and should rely more on disclosure than prohibition,” says Maryland State Retirement and Pension System CIO Andrew Palmer.

Elimination of preferred treatment could even the playing field but have other consequences.

Optimism on PE reigns after successful 2021, but several factors could soften valuations.

Iconiq Capital, whose clients include tech billionaires such as Mark Zuckerberg, is seeking to raise $5.75 billion for growth investments in enterprise software, fintech and consumer tech.