Chris Witkowsky

Former PE head Joanna Rupp played a key role in building out the endowment's VC portfolio, which includes funds from Sequoia Capital, Pear VC, MFV Partners, Golden Venture Partners and Red Arts Capital.

The pension is unloading older holdings in primarily large buyout funds and buying into funds focused more on mid-market, higher growth and even venture capital.

Venture/growth represented about 8% of GP-led volume in the first half, which matched the full-year volume of last year, according to Jefferies' recent volume report.

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 common practice for buyout funds, pre-marketing may become more popular in VC as firms contend with LPs cutting back allocations and slowing their commitment pace.

What started as a Slack channel for analysts and associations from the top 15 to 20 endowments grew into a network of more than 350 members across around 150 institutions.

Q&A with Renee Hanna, managing director of investments at Baylor University’s $2.2bn endowment.

The firm has invested in Coupang, Carvana, Databricks, Flipkart, Discord, Stripe and Wiz.

Contrary to a report in the Financial Times that public market turmoil is spurring large institutional investors to explore selling out of private market positions, most LPs are not likely to make such reactionary decisions to sell at steep discounts.

With the possibility that exits will not be making a comeback this year, PE’s IR professionals have quite a challenge ahead of them (especially those fundraising, but not just them).