Lawrence Aragon
Two of the largest public pension funds are aiming to identify the smaller firms that may not have come across their radars. The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) – with the help of investment advisor Altura Capital – are compiling a database filled exclusively with emerging […]
The California Public Employees’ Retirement System (CalPERS) announced last week that it again picked Santa Monica, Calif.-based Wilshire Associates as the primary pension consultant to its $182 billion fund. This didn’t come as any surprise to the firm. It has served CalPERS in that capacity for the past 22 years. Wilshire is credited with overseeing […]
The California Public Employees’ Retirement System (CalPERS) announced last week that it again picked Santa Monica, Calif.-based Wilshire Associates as the primary pension consultant to its $182 billion fund. This didn’t come as any surprise to the firm. It has served CalPERS in that capacity for the past 22 years. Wilshire is credited with overseeing […]
Shasta Ventures has yet to announce any investments, but that hasn’t stopped limited partners from lining up for its inaugural fund. The Menlo Park, Calif.-based firm currently is in allocation mode, and expects to soon hold a final close in excess of its $175 million target capitalization. If oversubscription for a first-time fund manager doesn’t […]
Vinod Khosla, one of the industry’s most respected technology investors, has warned of an impending nanotechnology “bubble” and criticized plans by venture-backed Nanosys Inc. to become the first publicly traded nanotech company. Khosla, a general partner at Kleiner Perkins Caufield & Byers, made the comments at the MIT/Stanford/UC Berkeley Nanotechnology Forum at Stanford University on […]
Vinod Khosla, one of the industry’s most respected technology investors, has warned of an impending nanotechnology “bubble” and criticized plans by venture-backed Nanosys Inc. to become the first publicly traded nanotech company. Khosla, a general partner at Kleiner Perkins Caufield & Byers, made the comments at the MIT/Stanford/UC Berkeley Nanotechnology Forum at Stanford University on […]
The search is on for a fund-of funds manager at the California State Teachers’ Retirement System (CalSTRS). Last week the pension fund issued an RFP asking qualified groups to submit proposals for a $100 million mandate to run its New and Next Generation Managers Program. In late February the Sacramento-based pension fund set aside $100 […]
The search is on for a fund-of funds manager at the California State Teachers’ Retirement System (CalSTRS). Last week the pension fund issued an RFP asking qualified groups to submit proposals for a $100 million mandate to run its New and Next Generation Managers Program. In late February the Sacramento-based pension fund set aside $100 […]
In a move certain to send shockwaves through the VC industry, Kleiner Perkins Caufield & Byers this week sent a letter to its limited partners saying that it plans to reduce the size of its 10th fund from $1 billion to $800 million, according to two industry sources. As part of the arangement, Kleiner will […]
For more on the Kleiner decision — and LP pressure on firms like Accel, Redpoint and Benchmark — check out Monday’s print edition of Private Equity Week. In a move certain to reverberate through the VC industry, Kleiner Perkins Caufield & Byers has informed its limited partners that it will likely call down 20%-25% less […]