In 2016, the LP formed a dedicated early-stage venture capital fund by leveraging its existing VC program. It continues to re-up with long-term partners as it also adds one or two new GPs a year.
The Connecticut Retirement Plans and Trust Funds is working to decrease its exposure to venture, but says it will continue to invest in its successful SMA initiative.
The private markets advisory firm believes the pandemic has created even greater investment opportunities in the late-stage and growth equity sectors.
The pension commits $20m to CRV XVIII and brings its venture commitment total to $40m for the year, bringing the portfolio just shy of the $45m that was invested in 2019.
Monica Adractas, head of venture capital funds, gives an exclusive tour of the Canadian pension investor’s $1bn program.
Emerging managers are where the organization hopes to see the most widespread adoption. Sister title Private Funds CFO spoke with some of the people who developed it as they hoped to spark debate.
Oregon LP makes one of its largest VC commitments in history to Sherpa Venture Capital's debut effort, investing half of the fund target.
The university endowment committed $311m to venture through May. New investments in large funds is a departure from UTIMCO's previous interest in emerging managers.
The endowment has invested in 15 funds focused on Asia since the beginning of 2017 and has seen a 22% increase in venture funding over 2018.
The pension invested $10m into Summit Partners' latest vehicle in June, bringing its year-to-date commitments to the asset class to $77.5m.