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Rhode Island commits $15 million to venture capital fund of funds
trueRhode Island State Investment Commission committed up to $15 million to Industry Ventures Partnership Holdings III-C, a sidecar fund.
El Paso fire and police plan commits to Insight Venture Partners co-investment fund
trueEl Paso (Texas) Firemen & Policemen Pension Fund committed $8 million to Insight Venture Partners Growth-Buyout Co-Investment Fund, pending legal review.
Clean tech loses power in energy portfolios
trueOnce positioned to be a star of investors' portfolios, clean technology has been reduced to bit-part status, morphing into an opportunistic investment in a broader energy infrastructure strategy.
Brockton Contributory Retirement seeks venture capital manager
trueBrockton (Mass.) Contributory Retirement System is searching for a private equity manager to run about $3 million to $6 million in a closed-end venture capital fund.
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.