UTIMCO Takes A Big Piece Of Ehrenberg’s New Fund, Adds Union Square, True Ventures And Artiman Funds: Slideshow

The University of Texas Management Company is among the largest investors in Roger Ehrenberg’s second fund, with a 30% stake of the new IA Ventures Strategies Fund II, according to a recent UTIMCO portfolio report.

University money managers also recently bought into funds from Union Square Ventures, True Ventures, Sofinnova Ventures, Sante Ventures and Artiman Ventures, according to the portfolio report updated to November 2011.

In total, UTIMCO committed $202.5 million to the six new venture funds between May and November of last year. Four of the funds target information technology investments and two are focused on life sciences startups.

Along with its $30 million stake in Ehrenberg’s new fund, UTIMCO purchased a 40% piece of Sante Health Ventures II and a 23.33% slice of True Ventures III, the report shows. It holds smaller stakes on a percentage basis of Sofinnova Venture Partners VIII, the Union Square Ventures Opportunity Fund and the Artiman Ventures Special Opportunity Fund.

Ehrenberg formally announced his new fund in February and said he raised more than $105 million. The fund has a data-focused investment theme.

The following slideshow provides details of each of UTIMCO’s new investments based on data found in the November portfolio report.

Image credit: Photo of apple pie from Wikimedia Commons

[slideshow]

[slide title="No. 1: IA Venture Strategies Fund II"]

Vintage: 2011

Firm: IA Ventures

Commitment: $30 million

Percent Of Fund Ownership: 30%

Cash In: 0

Date of First Call: NA

NAV: 0

IRR: 0

[slide title="No. 2: Union Square Ventures 2012 Fund"]

Vintage: 2011

Firm: Union Square Ventures

Commitment: $27.5 million

Share of Fund: 18.33%

Cash In: $2.5 million

NAV: $2.5 million

IRR: 0

[slide title="No. 3: True Ventures III"]

Vintage: 2011

Firm: True Ventures

Commitment: $35 million

Share of Fund: 23.33%

Cash In: 0

Date of First Call: NA

NAV: 0

IRR: 0

[slide title="No. 4: Sante Health Ventures II"]

Vintage: 2011

Firm: Sante Ventures

Commitment: $40 million

Share of Fund: 40%

Cash In: $1.5 million

NAV: $975,000

IRR: -36.19%

[slide title="No. 5: Sofinnova Venture Partners VIII"]

Vintage: 2011

Firm: Sofinnova Ventures

Commitment: $40 million

Share of Fund: 12.31%

Cash In: $800,000

NAV: $800,000

IRR: 0

[slide title="No. 6: Artiman Ventures Special Opportunities Fund"]

Vintage: 2011

Firm: Artiman Ventures

Commitment: $30 million

Share of Fund: 15%

Cash In: $5.6 million

NAV: $5.5 million

IRR: -2.96%

[/slideshow]

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