263 Views

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 […]

163 Views

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
354 Views

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 […]

240 Views

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,
101 Views

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
242 Views

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, […]

444 Views

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 […]

Money Distributions VC
165 Views

Two-thirds of LPs plan to increase their allocations to PE, VC

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 […]

Quarterly Data VC NVCA PitchBook
116 Views

VC up rounds and valuations surge in Q2

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 […]

Texas, state flag,
507 Views

As UTIMCO goes through changes, it still favors early stage, emerging funds

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 […]

198 Views

Here’s how Sierra Ventures added LPs and raised $215 mln for its 12th fund

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, […]