Sapphire Partners will assume investment management responsibilities of five of CalSTRS' existing new and next-generation manager funds.
The system’s investment staff may expand target ranges, among other tweaks, as its cashflow needs change.
The annual gathering of Black and Latinx entrepreneurs and investors offered practical advice for fundraising outreach to limited partners.
Investors include Japan Bank of International Cooperation, which anchored the fund, as well as BaltCap, Honda, Omron and Swedbank pension funds.
Thirteen is considered an unlucky number, but for Sierra Ventures it is serendipitous: the Silicon Valley firm closed on $265m for its 13th fund, beating its target in a tough fundraising environment.
In Part 1 of his series on venture debt, Zack Ellison from Applied Real Intelligence notes that when it is compounded at 15% per year an investment in venture debt over 10 years produces a 4x MOIC.
Local energy companies Devon, Williams and Oneok are founding partners of an incubator and venture fund aimed at jumpstarting an innovation economy in Oklahoma’s second largest metro area.
Fin Capital, a B2B fintech-focused venture capital firm, has named Nicholas Cirella as general counsel and chief compliance officer.
Funds like AngelList and Alumni Ventures and vendors like Systematic Ventures are demonstrating how VC funds can be more efficient by using AI for legal work, portfolio monitoring, banking services, LP communications and more.
The UK government-backed investor joined Spanish investment firm Aldea Ventures, UK impact investor Big Society Capital, US family offices and funds-of-funds managers.