At a turbulent time for the industry, LP opinions are more important than ever. Here are the charts from Private Equity International’s Perspectives Survey that reveal what they think of today’s major talking points.
Canada’s largest pension fund with net assets of C$410 billion ($309 billion; €279 billion), has so far made commitments to three Silicon Valley managers. It aims to deploy an initial $1 billion to funds in North America and Europe in early-stage and growth-stage vehicles.
Months after opening its San Francisco office, the largest Canadian pension fund has so far made commitments to three Silicon Valley managers, according to Delaney Brown.
Europe’s venture and startup ecosystem has made tremendous strides in the past decade, and a record amount of investment has produced a bevy of billion-dollar companies. When will institutional investors buy in?
Managers often complain that LPs ask for data but don’t do anything with it; investors say this is not the case.
With $30 mln in recent commitments, the pension has now deployed $135 mln to venture this year.
The State of Michigan Retirement Systems made two $25m re-up commitments to new funds from existing partnerships.
LAFPP continues to dive further into venture, investing $27.5m across two vehicles for Acrew and Canvas.
A Probitas survey finds that more LPs are investing in venture compared with last year,
Longitude Capital, LLR Partners, Summit Partners and Insight Venture Partners lead COPERA's performance, according to a December 2018 report.