Venture to Get Slashed in Pension Reorg

The Pennsylvania State Employees’ Retirement System plans to cut more than half its allocation to venture capital over the next ten years as part of a move to increase portfolio liquidity. Are more pensions likely to follow suit?

Charles River Closes in on Fund 15 — Without Bill Tai

Charles River Ventures spent the back end of 2011 fundraising and the bi-coastal firm is expected to soon close a fifteenth fund with about $300 million, more or less matching its prior funds, sources tell peHUB. Notably, one prominent member of the firm’s Sand Hill Road team won’t be part of the new fund, either. Multiple […]

PennSERS Is Trying to Sell up to Half ($3B) of Its PE Assets

Things haven’t been going so great over at the Pennsylvania State Employees’ Retirement System. It faces increasing obligations to pensioners, is over-allocated to private equity and has lost staff from its PE investment team. Against that backdrop, the $25 billion pension fund has been seeking buyers for as much as $3 billion worth of its PE investments, one […]

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