Mark Boslet
The New Jersey Division of Investment isn’t a big venture capital investor. But several funds in the pension fund manager’s portfolio are performing well, and others will be worth watching over the next several years to see how they do. Separately, the portfolio can say it had its share of controversy in the aftermath of […]
Funds from New Enterprise Associates, Menlo Ventures and Austin Ventures have made the most progress in Washington State Investment Board’s venture portfolio, according to a recent fund performance report. The report updates the portfolio to June 2013 and overall modest improvement took place from December 2012. Ten of the funds saw their IRRs improve while […]
Many LPs have shied away from venture capital during the past several years, but not the Ohio Public Employees Retirement System. The state pension manager has investments in 20 venture funds with vintages of 2003 to 2013 and eight of them were purchased since the start of 2010. Five were agreed to in 2011 alone. […]
The New Mexico Educational Retirement Board’s venture capital portfolio isn’t what you would call run-of-the-mill. It has a heavy emphasis on secondary funds. It avoids the billion-dollar-plus, multi-stage mega funds. And it shies away from the smaller, early-stage, back-to-basics funds many managers have launched. But the small portfolio has done quite well, which is saying […]
If you want evidence that a fund of funds strategy can bring respectable returns, turn to the New York State Common Retirement Fund’s venture portfolio. At least four of the money manager’s top eight venture funds are funds of funds. The performance of a number of them is quite good, including a pair from Fairview […]
What a difference six months makes. The final half of 2012 brought significant gains to the Los Angeles City Employees’ Retirement System’s venture portfolio. For example, 2011 vintage Polaris Venture Partners VI soared to astronomical heights, and Vicente Capital Partners GEF climbed into positive territory. New Enterprise Associates 13 also gained ground and DFJ Frontier […]
The University of Texas Investment Management Company’s creative approach to venture continues to pay dividends. The money manager made bets on such emerging firms as Union Square Ventures, Foundry Group and Spark Capital in the middle of the last decade. Funds from these firms remain its top performers. Technology Crossover Ventures, ARCH Venture Partners and […]
The University of Texas Investment Management Company has pulled back on its new commitments to venture, even as its recent crop of funds sees a sharp improvement in performance. UTIMCO, an adventuresome investor in venture, has by and large benefited nicely from the now unfolding venture up-cycle. It bought into 18 funds since the start […]
Unlike many LPs, especially public pension investors, the San Francisco Employees’ Retirement System has remained an active player in the venture asset class. The pension fund manager has invested in 22 venture capital funds since 2008, committing almost $500 million. Most of these funds are too young to know how they will perform over time, […]
The San Francisco Employees’ Retirement System’s mid-decade venture funds turned in a mixed performance during the second half of last year as investors felt the uncertainty of a presidential election, the looming fiscal cliff and a soft economy. The portfolio remains well in the black. But almost as many funds lost ground as gained it […]