Sam Sutton
The New Mexico State Investment Council has unloaded its stake in an underperforming venture capital fund and has settled claims that the venture fund’s parent participated in a pay-to-play scandal
Institutional Venture Partners plans to hold a first and final close for its 15th flagship fund on April 21, according to a GCM Grosvenor Private Markets report included in Los Angeles County Employees Retirement Association meeting materials. The firm set a $1.2 billion target and $1.4 billion hard cap on Institutional Venture Partners Fund XV.
Firm set a hard cap of $180 million in Fund V, which is expected to hold a final close in March
The public pension’s private equity chief said FOIA is is impacting its access to venture funds, and that’s not likely to change
Review launched after Rauner’s election, as investors contributed $2.25 million to campaign
Venture accounts for 25.8 pct of PE portfolio, valued at $1.14 bln as of March 31