VCJ Venture Dashboard Percentage

Silicon Valley venture deals values jump in Q3

Venture capitalists were upbeat about the value of the Silicon Valley-based companies they funded in Q3 2019. The average share price increase for private companies raising venture capital rose to 88 percent in Q3, compared to 77 percent in the second quarter, according to a report from Fenwick & West. This was the largest increase […]

Israeli VC Deals

Just like in the U.S., mega-rounds dominate Israel’s VC financing

While U.S. venture investing activity appears to have cooled down slightly in Q3, Israel’s venture capital raising is continuing to expand, according to the latest report by IVC-ZAG. During the third quarter, venture capitalists deployed $1.6 billion over 81 Israel deals, compared with $1.31 billion invested in 72 deals in Q3 of 2018, the report […]

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Morgan Creek’s venture strategy focuses on blockchain and emerging managers

Mark Yusko, the well-known investor who runs Morgan Creek Capital Management, believes that early-stage venture capital is an evergreen asset class. “There will always be innovative technologies with value potential,” he told Venture Capital Journal. Morgan Creek, which manages $1.6 billion as an outsourced CIO and a fund-of-funds, is currently overweight early-stage venture, but takes […]

M&A, mergers, venture capital

VC-backed companies expected to take larger part of M&A pie

Through the end of Q3, venture firms have completed 614 M&A deals, according to PitchBook’s latest North American M&A report. While through the end of Q3, deal flow count is pacing slightly below last year’s total of 958 deals, the VC-backed portion of the entire M&A market has been increasing steadily since 2015, the report […]

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Franklin Templeton hopes to drive growth through a new fintech incubator

Franklin Templeton, a global money manager with $692 billion in AUMs, and EvoNexus, a large Southern California tech startup incubator, have launched a new fintech incubator. The new incubator is financed entirely by Franklin Templeton and is located in a modern, purpose-built 13,000 square-foot facility on the asset manager’s San Mateo, California-based campus. Participants in […]

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Exit values reach record levels, as investment activity slows down in Q3

With three-quarters of the year completed, 2019 is shaping up to be the second-highest year ever for venture capital investing. Although this year’s startup financing activity trails the record level of 2018, VCs have invested nearly $97 billion through the third quarter, which already tops the $85 billion invested during 2017, according to the latest […]

VCJ Guest Column Risk Reward
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Later stages outperform earlier rounds … after adjusting for the risk of failure

Is investing in earlier venture rounds more likely to produce higher returns than betting on later stages of financing? The latest study from PitchBook aim to answer this question by examining risk-adjusted returns from VC-backed companies that have reached an exit. Unsurprisingly, the analysis found that before adjusting for risk, returns from earlier stages of […]

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MassPRIM continues to enjoy its VC fund performances; Spark, Union Square and Flagship lead the way

The $71.8 billion Massachusetts Pension Reserves Investment Management Board continues to be rewarded for its highly developed venture capital program. The pension plan’s latest performance results show that about 80 percent of venture funds in the 2006 to 2015 vintages have double digit IRRs and 100 percent of the funds in the time period registered […]

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Hamilton Lane, a heavyweight in PE with deep roots in venture

When earlier in the decade Teachers Retirement Systems of Louisiana decided to increase its exposure to venture capital, it turned to Hamilton Lane, a private equity advisory and asset management firm. The pension plan has worked with Hamilton Lane in some capacity since 2003. But starting in 2014, the Bala Cynwyd, Pennsylvania-based firm set up […]

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AV8’s partners discuss their growing firm, strategy and being backed by Allianz

AV8 Ventures, an Allianz-backed early-stage firm that launched 18 months ago, recently brought on former Google Cloud executive Baris Aksoy as a general partner. Aksoy told Venture Capital Journal that he was attracted to AV8’s “founder-first mentality.” He also said he liked that the Palo Alto, California-based firm is new and he can help shape […]

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NJ Pension sees VC-related funds performing well despite low allocation to venture

New Jersey Division of Investments, a manager of seven state pension plans with $76 billion in assets under management, has not made a venture-related investment since 2014 when it committed $100 million to Technology Crossover Ventures’ $2.23 billion eighth fund. However, the eight venture-focused positions in the division’s portfolio have been performing relatively well. Topping […]

UC VC
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UC Regents latest VC commitments vary from $5 mln to Mission Bay to $400 mln for Sequoia’s growth fund

The University of California Board of Regents has reduced the number of managers across all asset classes as a part of Chief Investment Officer Jagdeep Bachher’s “less is more” approach. Despite exiting a number of venture capital managers, the system remains committed to the asset class. UC has invested $436 million to seven 2018 vintage […]

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Tennessee Consolidated reaps big rewards with bullish venture bets

There were not many limited partners entering venture capital at the bottom of the great recession. But Tennessee Consolidated Retirement System saw the financial crisis as an opportunity to establish a relationship with previously hard to access fund managers. TCRS made its first allocations to venture and buyout funds in 2009 at the very bottom […]

Texas, state flag,
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Texas County and District commits $340 mln to VC in 2019, including NEA, Threshold

Texas County and District Retirement System has committed $340 million to seven venture funds since the start of 2019. The $31.9 billion retirement system has recently increased its target private equity portfolio allocation by 2 percent to an 18 percent target. Actual PE allocation was 15.2 percent as of June 30. TCDRS’ push into venture […]

pacing plan, private equity, Texas Employees Retirement System, pension fund, private equity, LGT Capital Partners
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For UTIMCO’s 2006 to 2014 early stage bets, emerging managers lead the returns

The University of Texas Investment Management Company has said it has had success with early stage, emerging managers, and that appears to be the case, according to a Venture Capital Journal analysis of the endowment’s performance of venture funds with vintages 2006 through 2014. For the funds in the vintage years of 2006 to 2008, […]

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BBG Ventures seeks $50 mln for third fund for female-led companies

BBG Ventures, one of the first venture firms to back exclusively female-led startups, is seeking $50 million for its third fund, its first to be backed by multiple LPs. The New York City-based firm was co-founded in 2014 by Managing Partner Susan Lyne and General Partner Nisha Dua, two veteran executives who came up with […]