The new CIO of the nation’s largest pension says the system lost out on between $11bn and $18bn during a 'lost decade' of private equity.
Private and community foundations, which enjoyed massive returns from venture capital last year, anticipate increasing their allocations to private equity at higher rates than other asset classes over the next three years, according to fresh research from Commonfund Institute.
Energy Innovation Capital Management of Southern California overcharged on management fees, says the Securities & Exchange Commission.
Top Tier, Skandia and Wellcome all say market slowdown won't rattle their long-term commitments to their portfolio fund managers.
As economic troubles continue to roil the world’s biggest economies, VCs are thriving in a European market where $1bn-plus unicorns are making quite a splash.
Adrian Millan from PJT Partners offers advice to LPs considering a sale on the secondary market, such as selling a portfolio of VC funds in tranches over multiple quarters to fetch the best prices.
The $104bn pension fund is an investor in more than 150 venture funds, including vehicles managed by Index Ventures, Sequoia Capital China and Spark Capital.
Public pensions drove the LP-led market in H1, as allocation pressures led them to sell despite worsening price dislocation, Campbell Lutyens found.
IR and business development professionals field impromptu calls with LPs and search for allocation possibilities while also assisting with deal flow.
The House is set to pass the Inflation Reduction Act after Democrats nixed their plan to close the so-called 'carried interest loophole,' but you can be certain this won’t the last we hear of the issue.