Mark Boslet
Big gains from Foundry Group and ARCH Venture Partners highlight the strong performance of a mid-life venture portfolio at the University of Texas Investment Management Company. Impressive gains from Gobi Partners and Correlation Ventures also stand out. Among the funds losing ground is IA Ventures’ first fund. The funds are among 17 vintage 2007 to […]
Venture capital is showing more signs of democratizing. Not only are returns less concentrated in the top 10 annual outcomes, but emerging managers and international investments are responsible for an increasing slice of the performance pie. This is according to a November study from Cambridge Associates, which studied the top 100 deals each year from […]
Mid-decade venture funds from Pinto Technology Ventures, ARCH Venture Partners and Morgenthaler Ventures generated significant distributions in early 2015 and late 2014, according to a portfolio report from the University of Texas Investment Management Company. The funds lead a portfolio of 17 vintage 2003 to 2006 investments in capital returned to LPs from November 2014 to August 2015. […]
The San Francisco Employees’ Retirement System has continued to be an active venture investor, adding new funds in 2014 from Canaan Partners, OpenView Venture Partners, Sofinnova Ventures, DFJ, Bain Capital Ventures, DCM Ventures and others. The reward has been several strong starts from among its recent bets, including ones from Canaan, IVPand Weathergage Venture Capital. Unlike […]
Investor interest in venture capital improved modestly this year, at least through the start of the third quarter, though caution remains. More than one-third of investors at pension funds, endowments, insurance companies, sovereign wealth funds, family offices and elsewhere said they do not invest in venture, according to a recent survey from Probitas Partners. This […]
Last year was a strong one for mid-life venture funds and the San Francisco Employees’ Retirement System portfolio is proof. All but two of the pension manager’s funds with vintages of 2008 to 2010 advanced during 2014, with funds from Menlo Ventures and Trinity Ventures leading the pack, according to a recent portfolio report. SFERS […]
IVP and Landmark Partners retained the top spots in a mid-decade San Francisco Employees’ Retirement System portfolio that saw mixed results last year. The portfolio holds 13 venture and venture related funds with vintages of 2002 to 2007. Results overall are respectable. All but one of the funds are in the black, though the median IRR […]
Venture funds from the late bubble period and the beginning of the following decade still struggle, despite venture’s recent up market. Distributions continue to eke out of the funds. But for the most part, IRRs move little as the funds near the end of their lives. This is the case for the California State Teachers’ […]
Want more evidence of the booming exit market for life sciences startups? Turn to the California State Teachers’ Retirement System’s recent venture portfolio. The top three performing funds from the portfolio are healthcare funds, with two of them, OrbiMed Advisors and Sofinnova Ventures, making substantial gains over the 12 months ending in March. The portfolio […]
Funds from Spark Capital, Polaris Partners and New Enterprise Associates are the top performers in a late vintage Los Angeles civic pension portfolio. The funds are among 15 mid-life venture funds held by the Los Angeles City Employees’ Retirement System. By in large, the funds, with vintages of 2008 to 2015, are showing solid returns. Only […]