Prominent institutional investors have committed capital to a newly formed venture capital fund-of-funds designed to back emerging managers raising their first fund or scale from a previous angel investment vehicle to build an ongoing firm.
A university system in the West will review and discuss the current management structure of its endowment as well as other potential management options at its meeting next week.
A venture capital firm based on the West Coast has closed its oversubscribed first fund, which focuses on early-stage investments in technology-enabled companies led by Latinx and diverse founders, with a few prominent foundations participating.
An institution in the Mid-Atlantic region approved a new target asset allocation for its investment portfolio and added three new managers at its meeting last month.