As the tech sector has soured, so has investors’ appetite for venture funds, according to our annual survey of limited partners.
The Pennsylvania Public School Employees' Retirement System pulled a recommended commitment to Insight Partners’ 13th flagship fund.
Amazon Catalytic Capital, the e-commerce giant’s new $150m fund of funds, has already backed four funds. Here’s what it’s looking for.
Fundraising will get harder for VC funds because they compete with other private funds for investors’ PE allocations – and those allocations may get trimmed as fixed income investments become more attractive.
“I’ve been talking with real estate and private equity managers, and I can tell you they believe there will be a fairly significant drop in December when audited reports come together,” Meketa managing principal David Sancewich told the San Joaquin County Employees Retirement Association meeting on December 9.
'There’s a tremendous amount of pressure to get money invested, which results in managers accepting investments without the standard governance practices you’d like to see,' says Alaska Permanent CIO Marcus Frampton.
Institutional investors are pulling back from venture funds and spending more time managing their private equity portfolios through secondary sales, a new Probitas Partners survey says.
Missouri State Employees’ Retirement System reported that it had exposure to FTX, the bankrupt cryptocurrency exchange, through a PE co-investment fund.
Fundraising will be more difficult in 2023, as big pensions such as Texas Teachers, LACERA and Sacramento County ERS say they plan to slow their PE investing pace.
The system, which has backed recent funds from Canvas, CRV, Khosla and Threshold, plans to target $260m in PE commitments in 2023, down from $340m so far this year.