IMRF committed to both Mayfield XVI and Mayfield Select Fund II. The pension system also had an active 2019.
Insight Partners captured $160m in recent commitments from MassPRIM and the Fresno County Employees Retirement Association.
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?
The fund invested $428m in Q4 across 17 different vehicles. Three of those vehicles were growth and venture capital funds.
The university endowment invested approximately $318.94m across 11 different vehicles during 2019.
The behemoth pension system committed $250 million to Insight Venture Partners XI, which is targeting $7.25 billion to invest in growth companies.
The $254bn pension will slowly raise the allocation in a series of "steps," but will not commit to a hard timeline for the process. CalSTRS also plans to begin its search for its next private equity consultant.
OrbiMed, Summit Partners and Shasta Ventures lead CalSTRS' 2012 to 2017 vintage portfolio, according to the pension plan's recent performance report.
The organization made three re-up VC commitments last year.
The portfolio grew by about a half percent and is worth more than $613m.