News

Bain Capital Ventures (BCV), the venture arm of the 37-year-old private equity firm Bain Capital, announced this morning that it has $1.3 billion more smackers to invest across two funds, a $950 million fund for seed and Series A deals and a $350 million fund for growth-stage opportunities.

Vermont’s underfunded pension system has forced an awkward question: If the state makes a promise to its workers, does it have to keep its word?

Plan will conduct an RFP for multi-asset credit managers later this year as the result of asset allocation changes that also include a maiden private debt target approved at today’s board meeting.

The plan is looking for infrastructure managers to handle up to $30 million.

Plan added a $13 million private equity commitment as part of its annual pacing plan in the asset class.

The plan issued an RFP seeking an investment manager for its $12.7 million in assets.