A Pension Fund Does Away with the Middleman: the VC

Posted on: October 3, 2011 by Connie Loizos1 Comment »

Plenty of new platforms are trying to marry LPs with direct stakes in privately held startups, including Xpert Financial. In fact, its CEO, Thomas Foley, told me last summer: “I think a lot of people have grown less comfortable paying another group 25% in fees” given other alternatives to emerge. At least one pension fund [...]