Venture Capital
The retirement system added $350 million in alternatives commitments in the first quarter.
The overall slowdown in private markets commitments did not stop two Black-owned firms from closing funds as early-stage venture capital firms Collab Capital and Zeal Capital Partners recently announced closes for their respective second funds.
Two HBCUs have committed to an early-stage venture capital strategy targeting the fintech, healthcare, education and workforce development sectors.
The college is one of several institutional investors to commit to the latest venture capital fund from a Berlin-based manager.
The institution approved financing agreements with four companies through its fund responsible for commercializing university research discoveries and innovations.
The global venture capital firm has opened its first European office and appointed a partner.
The fund approved a venture capital commitment with an existing manager this month as part of its pacing plan to commit $140 million per year to the asset class.
The pension system recently disclosed three new $15 million private equity commitments.
The firm has launched a venture capital and growth strategy on its evergreen platform to invest in disruptive technologies and innovative companies.
The role is tasked with supporting the university’s venture and private equity portfolio by assisting with the development of its investment pipeline and monitoring investment opportunities, among other duties.