Mark Boslet
A New York State & Local Retirement System venture portfolio favoring small early-stage funds has met with what may be an unexpected result: The largest fund in the bunch, the one fund with a late-stage strategy, is its best performer. The fund from IVP has a clear lead over the second-place performer, a multistage fund […]
A 2005 Softbank Capital Partners fund leads an eclectic venture portfolio at New York State & Local Retirement System. The portfolio is made up of nine funds from the 2002 to 2006 vintages and has a diverse approach to investing. Three are funds-of-funds, four target multistage investing and two focus on the early stage. Almost […]
Venture returns from emerging markets appeared to hold their own through most of last year and 2014, according to a performance report from California Public Employees’ Retirement System. The pension fund has two portfolios that invest in emerging and overseas markets outside the United States and Western Europe. The funds, 57 Stars Emerging Markets Fund and […]
Funds from Longitude Capital Management and Column Group lead a venture portfolio of emerging managers at California Public Employees’ Retirement System. Capital Link Fund, managed by Grosvenor Capital Management, focuses largely on smaller funds with a mix of early-, late- and multistage strategies. Overall, its results are mixed. As of September 2015 six of the 11 […]
Foundry Group closed the gap, but Avalon Ventures continued to outperform the Boulder, Colorado, venture firm in California Public Employees’ Retirement System’s California Emerging Ventures portfolio, according to a recent report on investment returns. The Foundry and Avalon funds are two of 20 vintage 2007 to 2009 investments in the largely solid portfolio. Well more than half […]
An investment portfolio with a late-stage bias often trades off risk for consistent performance. But inconsistency seems to best describe the results of venture investments at one Pennsylvania pension fund. Only five of the 18 funds with vintage of 2003 to 2013 have double-digit IRRs and only one has close to a 2x return on […]
Starting a venture fund in the early years of the past decade was no cakewalk. The industry struggled to recover from the dot-com meltdown, and returns were generally nothing to celebrate. The harshness of the period is reflected in the performance of California Public Employees’ Retirement System’s California Emerging Ventures portfolio. The portfolio owns 17 […]
Funds from Claremont Creek Ventures and Upfront Ventures lead a largely early-stage venture portfolio at California Public Employees’ Retirement System. The Golden State Investment Partners portfolio favors smaller funds with vintages of 2007 to 2009. Overall performance is unexciting. Only three of nine funds had IRRs in the double digits as of June 2015, according […]
Asia Alternatives Management, Aisling Capital and Insight Venture Partners lead a venture portfolio heavy in multi-stage, late-decade funds. The self-directed portfolio from the California Public Employees’ Retirement System favors mid-sized funds with a mix of brand-name managers. Overall, its performance is solid, if not outstanding. Half of the funds have a multi-stage strategy and three-quarters […]
New Enterprise Associates’ 2015 opportunity fund is off to a good start with a towering IRR for such a young fund, according to a limited-partner report from the Teacher Retirement System of Texas. The $350 million fund is one of four NEA funds the money manager owns. Funds 13 and 14 also are putting up good […]