Venture Capital
The state is searching for venture capital funds that are interested in managing its participation in the SSBCI program.
The university added new private equity and venture capital managers within its endowment in the second quarter on the heels of re-up commitments to existing strategies.
The plan also approved several new private markets commitments at a board meeting last week.
The university approved three financing agreements with startup companies recently launched from the institution’s ecosystem at its October board meeting.
The institution will consider investments with startup companies recently launched from its ecosystem through its accelerator fund at its board meeting this month.
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.
