Venture Capital
The retirement system closed on more than $500 million in commitments last month.
The institution recently announced three inaugural investments from its early-stage venture fund that invests in startup tech companies founded by university-affiliated faculty members and researchers.
The retirement system hired three firms to provide the services in 2013.
The firm closed its inaugural venture capital fund with more than $60 million in commitments from institutional investors, corporates, multi-family offices and other strategic backers.
The venture and growth equity firm focused exclusively on healthcare companies recently completed the final close on its fourth fund.
The fund reissued its RFP seeking an investment advisor for a public venture fund that invests in small businesses or entrepreneurs across the state.
The retirement system added $50 million to two funds with an existing manager relationship.
The West Coast venture firm and incubator has hired a new investor, who was most recently an analyst at a Southern healthcare system.
The university approved re-up commitments with existing private equity firms within its endowment as recommended by its general investment consultant at its September investment committee meeting.
The pension fund approved new private markets commitments across private equity, credit and real assets at today’s meeting.
