LAFPP focuses on North American funds.
Indian pensions have been given the nod to participate in alternative investment funds, including venture, for the first time.
As StepStone looks to expand its VC offering by acquiring Greenspring, the combined firm will make investment decisions by way of a joint investment committee.
StepStone plans to integrate the Greenspring Associates team into its existing venture and growth practice, including setting up a joint investment committee.
TCRS, a US-based public pension, recently backed three private equity vehicles.
Teachers’ Innovation Platform has grown to amass a C$3.7bn portfolio since it was launched in 2019 and made its first agtech investment in mid-June when it led a $226m Series B for Motif FoodWorks.
The UK government-backed investor has committed to a growth-equity fund.
The data from Burgiss Group looks at 11,000 private capital funds representing more than $8.1trn in committed capital.
Average family office allocation to venture capital has more than doubled in the last year, according to survey data collected by First Republic Bank and Oper8r. Emerging managers, in particular, look to benefit from increased interest.
The fundraise is part of total capital commitments of $1.5bn across the most recent series in the firm's family of funds.