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.
8VC, the $6bn venture firm co-founded by Palantir co-founder Joe Lonsdale, has named veteran tech executive Karen White as executive partner.
Strong LP interest in cybersecurity helped Ballistic Ventures surpass the target for its sophomore fund in a challenging fundraising market.
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.
Tretikov was promoted to deputy CTO of Microsoft in 2020 after serving as corporate VP for AI, Perception & Mixed Reality for the company.
In Part 7 of his series on venture debt, Zack Ellison from Applied Real Intelligence explains the critical role of operational due diligence when lending to venture-backed start-ups.
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.
The firm raised $510m for its PE vehicle and $135m for its venture fund, say founder Rob Appleby and ventures head Alastair Cooper.
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.