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Texas Teachers commits $2.36 billion
trueTexas Teacher Retirement System, Austin, committed a total of $2.36 billion to 16 private market funds and co-investment vehicles in the quarter ended Dec. 31, a transaction report provided to Pensions & Investments showed.
Forecasting capital calls proves challenging for pension funds
trueA CalPERS-sponsored study on treasury management finds that only 38% of pension funds responding said they are confident in their ability to accurately forecast cash needs for private investments beyond 30 days.
VC fundraising up 69% in 2014
trueVenture capital firms raised $29.8 billion from 254 funds during 2014, according to data released Monday by the National Venture Capital Association. The aggregate amount raised was a 68.6% increase from 2013. The number of funds rose 22.7% from a year earlier.
Arapahoe County Retirement mulls venture capital commitment, redeems PIMCO investment
trueArapahoe County Retirement Plan is considering a $3 million commitment to a venture capital fund of funds.
Private equity investors could see more cash back, better returns
truePrivate equity managers are more likely to sell than buy in 2015. This should give investors more cash in their pockets from the expected distributions from these sales. These distributions of capital will help keep private equity's internal rates of return up.
Louisiana Municipal picks fund for in-state venture capital investments
trueLouisiana Municipal Employees’ Retirement System committed $2 million to venture capital fund The Louisiana Fund II.
Private equity, venture capital returns outpace public equities in first 6 months — report
trueU.S. private equity and venture capital funds outperformed public equity in the first half of 2014, said a report from Cambridge Associates.
NZ Super invests US$60 million in alternative energy firm LanzaTech
trueThe NZ$27.1 billion (US$20.8 billion) New Zealand Superannuation Fund invested US$60 million in Chicago-based LanzaTech, a private gas fermentation technology company.
University of Michigan pledges $60 million to 3 funds
trueUniversity of Michigan, Ann Arbor, committed a total of $60 million to three alternative investment funds.
Colorado Fire & Police picks Prudential for unconstrained bonds
trueColorado Fire & Police Pension Association hired Prudential Investment Management to run $155 million in unconstrained fixed income.
International private equity indexes outpace public counterparts in Q1
trueDuring the first quarter of 2014, the Cambridge Associates Global ex-U.S. Developed Markets Private Equity and Venture Capital index gained 3.4%, outperforming the MSCI World ex-U.S. by 245 basis points.
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.