Mark Boslet
Los Angeles City Employees’ Retirement System continues to believe in venture and, in particular, large and mid-tier funds with scale-up capital. The city pension manager bought into five funds last year, including those from Spark Capital, Technology Crossover Ventures and DFJ, according to a recent portfolio report. That’s two more than 2015 and one ahead […]
A pair of funds from Spark Capital lead a well-performing late-decade venture portfolio at the Los Angeles City Employees’ Retirement System. Spark Capital II and Spark Capital III captured the first and second positions in the 13-fund portfolio as of June, according to a recent performance report. But not by much. Polaris Venture Partners VI […]
Funds from Technology Crossover Ventures and Spark Capital lead a portfolio of mid-decade investments at Los Angeles City Employees’ Retirement System. But don’t sound the trumpets. The portfolio overall reflects a difficult period for venture returns, and its performance doesn’t leave much to crow about. Only one of the dozen funds with vintages of 2004 […]
Funds from OrbiMed Advisors, GGV Capital and Shasta Ventures lead a portfolio of recently minted venture funds at the California State Teachers’ Retirement System. It’s worth noting that all three funds improved mightily in the 12 months ending in March, a period when venture valuations were under pressure. The portfolio of 18 CalSTRS holdings with […]
Returns retreated early this year in a late-decade portfolio of venture funds at the California State Teachers’ Retirement System.Edit Edit date and time Three-quarters of the funds with vintages of 2006 to 2011 saw their IRRs drop in the year ended in March, with funds from OrbiMed Advisors, Sofinnova Ventures and GGV Capital showing the […]
Mid-decade venture returns retreated through the first quarter of this year in an early-stage-focused portfolio at California State Teachers’ Retirement System. Eleven of the 14 funds with vintages of 2004 and 2005 saw their IRRs decline during the 12 months ended in March, according to a recent performance report. The three that did improve all […]
A pair of funds from Longitude Capital has taken the top spots in a late-decade venture portfolio at Colorado Public Employees’ Retirement Association. The funds, one from 2008 and the other vintage 2013, reflect the upswing life-sciences investing has seen in recent years. Both saw significant improvement in the 24 months ended in December 2015. The […]
The past couple years have brought big changes to the seed market. The number of seed deals is down, the number of funds is up, and both round sizes and ownership targets have spiked. It is a recipe for added competition, which is exactly what is taking place. For Michael Kim at Cendana Capital, the […]
Funds from LLR Partners and Technology Crossover Ventures lead a mid-decade venture-fund portfolio that has chalked up a generally poor performance at Colorado Public Employees’ Retirement Association. The portfolio of a dozen funds with 2003 to 2005 vintages is divided equally between those above and below water. LLR’s $360 million second fund from 2004 is […]
Newly minted funds from Column Group and OrbiMed Advisors are off to fast starts in a Texas pension manager’s portfolio of new-decade venture funds. Column Group II and OrbiMed Private Investments are barely three years old. Yet both have returned capital, sport attractive investment multiples and, by inference, attractive IRRs, a recent performance report from […]