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