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Natural resources, venture capital help fuel University of Michigan returns in 2014
trueUniversity of Michigan's endowment returned 18.8% in the year ended June 30. While returns were fueled largely by public equities (its largest allocation), the end6owment's natural resources and venture capital portfolios posted the highest returns.
Largest U.S. venture capital deals in Q3
trueVice Media Inc. topped the list of largest U.S. venture capital investments during the third quarter of 2014. The firm raised $500 million in the third quarter – half from Technology Crossover Ventures and the other $250 million from A&E Networks.
Venture capital activity down in 3rd quarter, up from 2013 — reports
trueVenture capital firms invested $9.9 billion in 1,023 deals in the third quarter of 2014, down 9% in number of deals and down 27% in dollars from $13.5 billion invested in 1,129 deals in the second quarter, said the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital ...
University of Michigan earmarks $102 million; returns 18.8% in FY
trueUniversity of Michigan, Ann Arbor, committed a total of $101.8 million to five alternative investment funds and one co-investment opportunity, and also reported its fiscal year returns.
Largest venture capital funds raised in Q3
trueEighty-one U.S. venture capital funds raised $6.5 billion in the third quarter of 2014, according to Dow Jones VentureSource.
San Francisco City & County earmarks up to $70 million for 3 funds
trueThe San Francisco City & County Employees' Retirement System's board approved commitments to three venture capital funds.
Preqin: Private equity fundraising slows in Q3
trueAccording to preliminary figures released this week, Preqin said 185 private equity funds closed on $73 billion in capital during the third quarter. That amount was down 49% from the previous quarter and off 30.5% from the third quarter a year ago.
New Mexico Educational on lookout for private equity consultant
trueNew Mexico Educational Retirement Board launched an RFP for a private equity consultant.
El Paso County Retirement Plan puts $3 million with Horsley Bridge fund
trueEl Paso County Retirement Plan approved a minimum commitment of $3 million to Horsley Bridge XI Venture, a venture capital fund.
New Mexico adopts asset allocation with 5% to in-state venture capital
trueNew Mexico State Investment Council approved a new asset allocation for its $4.5 billion Severance Tax Permanent Fund.
LACERS readies custodian search; earmarks $35 million to venture capital
trueLos Angeles City Employees' Retirement System approved issuing an RFP for a firm to provide custodial and securities lending services, minutes from a recent meeting show.
New Hampshire puts $20 million in secondary venture capital fund of funds
trueNew Hampshire Retirement System, Concord, committed $20 million to Top Tier Venture Velocity Fund I, a secondary venture capital fund of funds.
University of California OKs sustainable investing framework, UC Ventures
trueUniversity of California Board of Regents voted Thursday to establish and integrate a framework for sustainable investing.
University of California considering stand-alone venture capital vehicle
trueUniversity of California Board of Regents, Oakland, at its Thursday meeting is expected to vote on whether to create UC Ventures, a stand-alone venture capital investment vehicle and to make an initial commitment of $250 million.
Nomura Asset Management announces China private equity joint venture
trueNomura Asset Management Co. has formed a 50-50 joint venture in Shenzhen with Shenzhen Hua Xia Ren He Capital Management Co. to offer China-domiciled private equity funds and venture capital funds to domestic and overseas investors.