South Florida has an active first half, with VC activity already surpassing all of last year for the Miami metro area.
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 […]
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 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 […]
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 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 […]
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, […]
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 […]
Corigin Ventures, a New York City-based venture firm focused on seed investments, has raised $32.5 million towards a target of $50 million for its second fund, according to regulatory filing.
CAVU Venture Partners is seeking a $250 million third fund for investing in the food and beverage startups, according to a regulatory filing.
Nyca Partners, a fintech-focused venture fund, announced that it closed a $210 million third fund.
Coatue Management, a tech-focused hedge fund based in New York City, has reportedly raised $700 million for a new early-stage venture capital fund.
About two-thirds of institutional limited partners are looking to increase their allocations to private markets over the next five years, according to PitchBook’s survey of 101 institutional LPs. LPs’ interest in growing their private markets share exceeded their interest in all other asset class categories, according to the report. PitchBook defines private markets as private […]
Science Inc, a Santa Monica, California-based venture firm and incubator, is raising its third $100 million venture fund, according to a filing with the SEC.
Venture capital valuations for startups based in Silicon Valley were strong in the second quarter of the year, with the period seeing the highest percentage of up rounds compared with down rounds since 2004, when Fenwick & West began keeping track of startup valuations. The law firm’s quarterly survey found that 86 percent of Q2 […]
University of Texas Investment Management Company (UTIMCO), one of the largest university endowments in the country, has been going through many changes. Two years ago after hiring Britt Harris as its CIO and CEO from the $155 billion Texas Teachers’ Retirement System, the $46 billion university endowment set out to reorganize how its private equity […]
Sierra Ventures announced the closing of its $215 million 12th fund with $40 million more in capital than the firm was targeting. The larger fund was the result, in part, of a bevy of exits from its 10th fund. The San Mateo, California-based firm received commitments from five new institutional and three new corporate LPs, […]
Blue Delta Capital Partners, a McLean, Virginia-based venture firm focused on U.S. government technology market, is raising $125 million for its second fund, according to a filing with the SEC.