Venture Capital
The venture fund focuses on later-stage growth investments in top performing companies across technology, healthcare and climate tech.
Institutions should not time the private markets or sit out tough years in venture capital as they will miss out on opportunities for attractive, long-term returns, according to a recent whitepaper, which finds that institutions benefit from well-constructed early-stage venture capital programs that have differentiated access, strong sourcing and due diligence processes to navigate a complex market with a challenging exit environment.
The retirement system made up to $250 million in private equity commitments among new and existing relationships.
The approved venture capital commitments to two new investment managers within its portfolio at its February board meeting as it finds artificial intelligence is creating opportunities for the next wave of innovations.
Market enthusiasm generated by the rapid development of new artificial intelligence products has may signal innovation and growth in the long term, though some of that enthusiasm may have led the markets to overvalue some public equity stocks or venture funds in the short-term, according to an outsourced cio.
The fund will consider approving venture capital commitments to two new investment managers this month as part of its private equity pacing plan.
The venture capital manager recently closed its first climate tech fund-of-funds at its hard cap with commitments from large endowments and foundations.
The commitment goes to a fund that will make local investments.
The university approved a venture capital commitment with a firm founded in 2023 at its February board meeting.
The institution will consider a venture capital commitment to a recently launched investment manager at its board meeting this week.
