State pension fund boasts 10 of 18 venture funds with positive IRRs, with vintages of 2000 to 2011
Among the gainers in Penn SERS portfolio from 2007 are funds by Abingworth and Battery Ventures
Though cash returns need to do better, the state pension fund sees noted improvements for vintages 2006 and 2007
The state pension fund continues its recent trend of annually adding venture funds to its portfolio
TCV, Sofinnova turned in mixed performances in the state pension fund’s venture portfolio
Pension fund stays focused on its top, local venture relationships, which include Battery, Spark, TCV, Insight and Union Square
Funds by Spark and NEA lost some ground, but still remain in positive territory
Best-performing funds from CalPERS’ self-directed portfolio include those manage by Asia Alternatives Management and Khosla Ventures
CalPERS’ cleantech portfolio shows mixed results, with now bankrupt Solyndra partly to blame for some poor performance
Five of the funds from 2007 and 2008 have positive IRRs