To boost its private equity allocation from 13 percent to 17 percent, CalPERS plans to invest more heavily in venture capital and growth funds.
Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund, is investing $266m in the latest venture debt fund from Partners for Growth.
New Mexico State Investment Council CIO Robert 'Vince' Smith says the sovereign wealth fund is gaining access to top-tier venture funds in part because other LPs are overallocated.
In a conversation with Warburg Pincus CEO Chip Kaye, Eneasz Kadziela, the head of private equity with the New York City comptroller, said the frantic fundraising pace of 2021 was something of a burden for LPs.
With a single dry close enabled by proactive existing LPs, the new fund means to address some of the world’s most intractable problems, from access to financial products to retraining of workers displaced by technology.
For new investments in Malaysia and other countries, the global venture fund has partnered with a sovereign wealth fund that shares its interest in applying digital technology to clean energy, healthcare and education software.
Ballast aims to provide tailored liquidity solutions to individuals or institutions holding interests in venture-backed companies or growth equity and venture funds.
US pension MassPRIM, which committed to just a single venture fund in 2023, has already committed to two this year.
WovenEarth Ventures announced it has closed its inaugural fund of funds on its hard-cap of $152m.
The pension aims to invest about $200m in venture capital and growth funds this year, after committing a combined $77.5m to five venture funds in 2023.