Mark Boslet
Funds from Menlo Ventures captured the top two spots in a Washington State Investment Board portfolio of venture holdings, according to a recent fund performance report. The two Menlo funds are among 19 that the state pension manager holds with vintages of 2000 to 2014. One of the funds, Menlo Ventures XI, is likely to […]
Venture capital has been on a rebound over the past several years, not just generating double-digit returns, but showing itself as the only private equity asset class to out perform the U.S. public market benchmarks. You would never know it from the performance of many mid-decade funds. This is particularly true in the Oregon Public […]
Union Square Ventures’ 2008 fund has seen an uncharacteristically sharp decline in a Washington State Investment Board venture portfolio. WSIB’s late-decade portfolio, composed largely of a mix of big multi-stage funds with vintages ranging from 2006 to 2011, has generally delivered solid results. Nearly two-thirds of the 19 holdings follow a multi-stage or later-stage approach to […]
A focus on mid-size and small funds has brought benefits to a mid-decade venture portfolio at Washington State Investment Board. Nearly 40 percent of the funds sported double-digit IRRs as of December 2015 and only one was in negative territory. Pooled returns for the portfolio’s three vintage years of 2003, 2004 and 2005 are in […]
A pair of funds from GGV Capital and True Ventures are off to a swift start in a portfolio of newly minted funds at University of Texas Investment Management Co. Both funds are vintage 2014 and have called capital at a brisk pace. The two also have IRRs above 20 percent, according to a recent UTIMCO performance […]
Rarely do you see a venture portfolio perform as well as the one made up of 2011 to 2013 funds at University of Texas Investment Management Co. The money manager backed a group of emerging funds and has been rewarded well for its efforts. Well, at least so far. All but one of the funds […]
A group of emerging managers with outperforming funds continues to benefit University of Texas Investment Management Co’s late-decade venture portfolio. Funds from Union Square Ventures, Spark Capital, Foundry Group and IA Ventures lead the portfolio of vintage 2007 to 2010 funds, though the performance of each fund retreated slightly in the university’s latest performance report. […]
Venture returns are beginning to be hurt by the broad pullback in portfolio-company valuations of the past several quarters, according to a recent performance report from University of Texas Investment Management Co. UTIMCO’s portfolio of active venture funds spans about two decades. A study of funds with 2003 to 2006 vintages found that almost two-thirds […]
Tenaya Capital has come out on top of a Pennsylvania Public School Employees’ Retirement System’s venture portfolio, which favors late- and multi-stage investing. Overall, performance in the portfolio of 11 vintage 2003 to 2007 funds is mixed. Only three of the investments posted an IRR in the double digits as of June 2015, according to a […]
A small portfolio of large-scale, mid-life venture funds is generating good results for New Mexico Public Employees Retirement Association. Few LPs so deliberately favor large-sized funds. Four of the pension manager’s seven venture investments are with funds of $1 billion or greater, including two from New Enterprise Associates and one each from IVP and Technology […]