Industry Ventures founder Hans Swildens has started to hear from LPs at risk of defaulting on capital calls from venture funds because of lack of liquidity – something he hasn’t seen since 2009-2010.
Of the $424m MassPRIM committed to diverse managers last year, $158m went to four managers of venture capital and/or growth funds.
'I’m here… to build up a European network, which we haven’t had before, and to try to bring that knowledge on the table as a possibility for execution,' says Tom Masthay, deputy CIO of the $34bn Texas Municipal Retirement System.
LPs including AP6, Hamilton Lane and Harvard Management Company told the Principles for Responsible Investment that they are looking more carefully at how general partners manage ESG risks internally and within their portfolio companies.
Big names like Hamilton Lane, KKR and Partners Group have embraced tokenization for private equity funds, so why haven't any large VC firms followed suit?
Peter Cashion will lead CalPERS’ stewardship and net zero implementation and ‘develop new investment strategies’.
One of the two asset managers to which California Public Employees’ Retirement System allocated a combined $1 billion this week to expand diversity in alternative investment management said venture capital will be a key component of the inaugural fund it is launching with the pension fund’s capital.
California Public Employees’ Retirement System will commit $1 billion to two asset managers with new strategies focused on emerging managers.
CalPERS has made 18 commitments totaling $2.3bn to venture and growth funds managed by Base 10 Partners, Bessemer Venture Partners, Lightspeed Venture Partners and Sequoia, among others.
Ibrahim AlSuwaidi, Rosalind Bazany, Jean-François Cochy and Kareem Dabbagh are among the 40 Rising Stars under the age of 40 in Venture Capital Journal's fourth consecutive list.