Managers often complain that LPs ask for data but don’t do anything with it; investors say this is not the case.
LAFPP continues to dive further into venture, investing $27.5m across two vehicles for Acrew and Canvas.
The State of Michigan Retirement Systems made two $25m re-up commitments to new funds from existing partnerships.
Longitude Capital, LLR Partners, Summit Partners and Insight Venture Partners lead COPERA's performance, according to a December 2018 report.
The pension system allocated to three of the firm's vehicles.
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.
Venture is a tricky asset class. When you do well, you do really well, but a few bad investments can seriously hurt you in the long term.
Oscillations in seed financing did not prevent the San Francisco LP from continuing to raise larger funds and amassing $1.1bn in AUM.
The State Investment Council increases VC allocation with hopes of boosting state's entrepreneurial economy. It expects to commit between $75 mln and $125 mln to VC in 2020.
The free-to-use template from the Institutional Limited Partners Association is a guide for investors heading to the negotiation table with GPs.