The years from 1999 to 2008 can be described as venture’s difficult decade. Liquidity was hard to come by with the IPO market shut tight for much of the period.

The trouble GPs had reaping benefits from their investments is evident in the Colorado Public Employees’ Retirement Association’s venture portfolio. Far more of the 39 venture and balanced funds with venture style investments the potfolio managers picked during the years sport negative IRRs, rather than positive ones.

To be precise, 25 funds have returns in the red while 14 have IRRs in the black, according to a peHUB analysis of portfolio data updated through December.

With this backdrop, we thought we would highlight the funds best able to navigate these difficult waters. What follows are the top ten Colorado PERA venture funds from 2001 to 2008 based on IRR.

At the top of the list are funds from Longitude Capital Management Company, Technology Crossover Ventures and Galen Associates. See the rest for yourself. What follows is the slideshow, with capital commitments and IRRs

No. 10: Lighthouse Capital Partners VI

Vintage: 2007

Firm: Lighthouse Capital Partners

Commitment: $25 million

Cash In: $20.1 million

Cash Out: $748,598

IRR: 3.22%

Related posts:

  1. Slideshow: Colorado PERA Top-10 Performing Funds Since 1982
  2. Trouble Making Ends Meet: Top 10 Cash Returning Funds In Cal Regents’ Venture Portfolio (Slideshow)
  3. Slideshow: Texas County & District’s Top-Performing Funds
  4. Slideshow: Idaho Public Employee Retirement Top-Performing Funds
  5. Slideshow: CalSTRS Top 10 Performing Funds

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