The UK government-backed development bank was founded just 11 years ago and has grown to be the largest venture investor in domestic funds and companies.
The Children’s Medical Center Foundation is leaning into emerging managers -- like Breakers, a new early-stage VC fund from Anthos Capital alum Annie Luchsinger -- as it quickly ramps up its exposure, seeking to boost returns in order to hit its funding goals for the hospital project.
A recent study from the investment manager argues that investors should aim to offload their underperforming, tail-end funds, even at a discount.
Investors are on pace to commit to 10% fewer venture funds this year, according to Venture Capital Journal research.
The $1.3bn multifamily office allocates 20-30% toward alternatives for most clients, says founder and ex-a16z partner Michael Paulus.
WovenEarth Ventures, which raised $152m for its debut fund of funds last year, is targeting $300m for its second effort.
The $49bn fund is looking for diversification, but is trimming its overall US exposure, says head of PE and sustainable infrastructure Jaime Alvarez.
Venture firms that have received recent commitments include Costanoa Ventures, Eniac Ventures, General Catalyst Partners and Spark Capital.
Stephen Gilmore, California pension’s CIO: ‘Reasonable to expect’ system will increase its long-term asset allocation target after finding success with co-investment emphasis.
Brio developed its LP management software in-house at Brightspark before spinning out and raising a seed round earlier this year.