Mark Boslet
Growth equity investor JMI Equity tops the $11.3 billion State of Hawaii Employees’ Retirement System, as of June 30, 2012. The 2005 vintage JMI Equity Fund V posted a 3.52x multiple for the period, according to an anlysis of the Hawaii ERS report. In looking at the top 10 venture capital growth equity firms for […]
The Washington State Investment Board’s venture investments from the middle of the last decade show surprisingly solid results given the challenges of the vintage years. Through its Pathway and Invesco portfolios, WSIB holds 12 funds from the years 2003 to 2005. Ten of them have positive IRRs and four of them sport IRRs greater than […]
Examine the Washington State Investment Board’s public portfolio report and it is easy to believe the state pension fund manager has had a hand’s-off policy toward venture capital. This is anything but true. By way of its Pathway and Invesco portfolios, WSIB has been an active venture investor over the past seven years, participating in […]
The Massachusetts Pension Reserves Investment Management Board has been an uneven investor in venture capital over the past decade. It appears to have turned bullish in 2010 and 2011. Investments by the pension manager vary year to year, sometimes remaining as low as one or two funds a year, other times spiking to eight or […]
The University of Texas Investment Management Company pulled out its checkbook last summer, investing more than $560 million in new funds, including two venture capital funds. The big winner in venture was Cendana Capital, which received a $60 million investment for its seed-focused Cendana Co-Investment Fund. The pension manager took 100% of the vehicle, according […]
The Massachusetts Pension Reserves Investment Management Board hasn’t invested in a venture capital fund since 2006. Perhaps it should have. The money manager drew the line on the asset class that year after buying into 10 funds in 2006, according to its most recent portfolio report. The results of recent investments prior to the cutoff—24 […]
If you want more proof that venture capital portfolios continue to increase in value, look to the University of Texas Investment Management Co.’s investment portfolio. Four of its 12 funds with 2010 and 2011 vintages show significant improvement in asset value in the nine months from late 2011 to August 2012, according to UTIMCO’s latest […]
CoPERA, a regular backer of VC funds, has invested in 19 funds with vintages between 2004 and 2008
Early stage funds are performance leaders among the venture and mezzanine holdings of California Public Employees’ Retirement System’s Golden State Investment Partners portfolio. Most of these funds saw significant improvements in their expected returns last year, particularly the vintage 2009 GRP III managed by GRP Partners, according to a VCJ analysis of public portfolio reports. […]
The Solyndra bankruptcy and out-of-favor cleantech investing in general left their fingerprints all over CalPERS’ venture capital portfolio last year. The California Public Employees’ Retirement System saw big declines in the current rates of return of funds from Khosla Ventures, RockPort Capital Partners and NGEN Partners, according to a VCJ analysis. It also saw a […]