VCJ Venture LPs Nebraska

Nebraska backs HarbourVest and NEA funds

Nebraska Investment Council committed to funds from New Enterprise Associates and HarbourVest Partners at its June meeting. The system, which said in March that it was considering an additional investment with the venture firm, committed $50 million to New Enterprise Associates’ 17th fund, which is targeting $3.6 billion for its largest fund to date. The […]

Texas Employees Retirement System, pension fund, private equity, LGT Capital Partners

Texas Municipal upsizes commitment to Updata

Texas Municipal Retirement System upsized its commitment to the flagship fund of growth-stage investor Updata Partners. The system’s investment of as much as $25 million to Updata VI, which focuses on growth investments in software companies, will apply to its 2018 pacing plan rather than its 2019 PE pacing model, according to a presentation from its […]

Mansco Perry, CIO, Minnesota State Board of Investment

Minnesota pledges $850 mln to 7 PE, credit funds

Minnesota State Board of Investment approved $852 million to seven private equity and credit funds spanning the technology and healthcare sectors at its May 30 meeting. Commitments included: $150 million to Apax Partners’ Fund X, targeting $10 billion. Apax’s latest flagship focuses on telecom, global technology, services, healthcare and consumer. €135 million ($151 million) to IK […]

Commonfund Capital, private equity, venture capital, survey

Back to School: Investors like small funds, emerging markets

Institutional investors love PE and say small funds and emerging markets managers present the best opportunity today. That’s according to a Commonfund survey, which included 200 investors from endowments, foundations and public pensions. Responses came in March at the 21st annual Commonfund Forum. The survey showed 31 percent of respondents felt emerging markets represented the best […]

Nebraska Investment Council, pensions, private equity, New Enterprise Associates, venture capital

Nebraska considers bet on NEA’s largest fund to date

Public pensions usually don’t get access to top performing venture capital funds. But Nebraska doesn’t have that problem. Nebraska Investment Council said at its March meeting that it was considering investing in New Enterprise Associates’ flagship fund. The council, which manages $27 billion in assets across 32 investment programs, has a current relationship with NEA. In […]

LACERS, Los Angeles, private equity, pension fund, real estate

LACERA pledges $270 mln to tech, venture

Los Angeles County Employees Retirement Association at its January meeting approved $270 million in commitments. The system also gave an update on a secondary sale of a chunk of its PE portfolio. LACERA voted to commit up to $100 million to LAV Biosciences Fund V, which focuses on venture, growth and public equity in the […]