Mark Boslet
Venture funds from DCM Ventures, Darwin Ventures and the Column Group showed handsome gains through early last year in the University of California portfolio. The funds are among 12 the university holds with vintages of 2003 to 2006. Each gained considerable ground over the previous 18 months as an improving IPO market channeled distributions back […]
Market volatility pulled the rug from under late-stage private company valuations in recent months and stalled the market for new offerings. With the IPO window closed tight, at least for now, VCs have reacted with investment caution. Deal making in the United States slipped in the fourth quarter and could do so again in the […]
A portfolio of late-vintage venture funds is generating a mixed performance for the University of California. The Column Group’s second fund from 2014 is off to a great start, according to a recent performance report. So is OrbiMed Advisor’s 2009 late-stage fourth fund. But other funds, including several from Khosla Ventures and Canaan Partners, aren’t […]
Late- and multi-stage bets have proven themselves in a late decade venture portfolio at the North Carolina Retirement System. The portfolio favors mid-sized funds from such managers as Tenaya Capital, ARCH Venture Partners and Quaker Partners. It also holds three funds from New Enterprise Associates, including massive NEA 14 and NEA 15. Eight of the […]
Before the breakout years at the end of the last decade, venture funds struggled to post attractive returns. This is still the case with the North Carolina Retirement System’s mid-decade venture portfolio. The portfolio favors smaller funds from some less well-known managers. Three quarters of them are under $300 million in size and just one […]
The San Jose Police and Fire Department Retirement Plan isn’t a big investor in venture capital funds or secondaries. So far the choices it has made have been cautious and led to mixed results. Where it stands out is secondaries, as an Industry Ventures fund from 2014 was off to a good start as of […]
Duff Ackerman & Goodrich and IVP have risen to the head of a late-decade, multi-stage venture portfolio managed by the Kentucky Retirement System. The portfolio is made up of largely mid-sized funds minted during the final half of the last decade. Most have a balanced approach to investing, meaning that they invest in early and late-stage […]
The University of Texas Investment Management Company continues to put big money behind emerging managers in venture capital, steering a course that has brought handsome returns over the past decade. The strategy is more-of-the-same for the Texas money manager, which backed some of the earliest funds from such firms as Union Square Ventures, Foundry Group […]
Big gains from Foundry Group and IA Ventures helped emerging managers to shine in a late-vintage portfolio at the University of Texas Investment Management Company. The portfolio is a sign of the times, another example of the way newly established firms have maneuvered nimbly to chalk up impressive returns. It also shows how small, early-stage […]
The New Mexico State Investment Council, a $20 billion sovereign wealth fund, is the primary backer of a new micro fund of funds intended to fuel investment in the state’s startup community. The Micro Fund of Funds, which falls under the umbrella of the SIC’s private equity program, will back funds focused on seed and early-stage investments […]