Venture Capital
The plan will look to commit up to $400 million across two venture capital funds later this month.
A university based on the East Coast is looking to add emerging private equity and venture capital managers to its portfolio.
The retirement system finalized a pair of new manager relationships last week.
The retirement fund is seeking private equity managers across buyout/special situations, growth equity and venture capital managers.
The plan also terminated an international small-cap equity manager for performance reasons.
The system approved an infrastructure commitment with a new manager alongside buyout and venture commitments with existing managers within its endowment this month.
Institutional and individual investors are continuing to embrace private markets strategies in search of diversification and higher returns amid ongoing market volatility and geopolitical uncertainty, according to a new report.
The oversubscribed fund closed at its hard cap of $600 million in total commitments in less than three months.
The institution approved a financing agreement for an up to 10% stake in a company developing a new retinoid therapy.
The venture capital manager held an initial close for its second fund-of-funds targeting climate-focused technology after garnering investments from nearly 40 investors.