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Los Angeles Fire & Police makes 2 venture capital commitments
trueLos Angeles Fire & Police Pension System committed a total of up to $40 million to two venture capital funds, agenda materials for the pension fund’s Thursday meeting show.
TPG adds managing director to life science venture capital business
trueHeath Lukatch has joined TPG Biotech, private equity firm TPG's life science venture capital business, as a managing director and partner.
Connecticut picks 3 semifinalists for private investment fund consulting services
trueConnecticut Treasurer Denise L. Nappier presented three semifinalists to provide private investment fund consulting services to the $29.5 billion Connecticut Retirement Plans & Trust Funds at the investment advisory council meeting Wednesday.
Arlington County puts $15 million in Franklin Park venture capital fund of funds
trueArlington County (Va.) Employees’ Retirement System committed $15 million to Franklin Park 2015 Venture Series.
Andreessen Horowitz co-founder: Venture capital not in a bubble
trueVenture capital investments as a whole are not in a bubble, said Ben Horowitz, co-founder and partner at Andreessen Horowitz, in a one-on-one conversation with Kara Swisher, co-CEO at Revere Digital and co-executive editor at Re/code, at the Milken Institute Global Conference on Tuesday.
Managers not diversifying fast enough from 'pale, male and stale' — CalSTRS' Ailman
trueLess than 5% of venture capital general partners are women, a percentage that has lingered over the past 20 years, said Sharon Vosmek, CEO of Astia, who moderated a sparsely attended panel titled “Women: Key Players in High-Growth Investment Strategies” at the Milken Institute Global Conference in ...
Venture capital activity dips but records highest Q1 investments since 2000
trueVenture capital firms invested $13.4 billion in 1,020 transactions in the first quarter, down 10% in dollars and 8% in number of deals from the fourth quarter, when venture firms invested $14.9 billion in 1,103 deals, said the MoneyTree Report from the National Venture Capital Association and ...
Largest VC funds raised in Q1
trueFifty-six U.S. venture capital funds raised a total of $8.1 billion in the first quarter, down 2.3% from the previous quarter and down 22.1% from the year-earlier quarter.
Apax Partners said to ready IPO in drive for permanent funds
trueApax Partners, one of Europe's largest private equity firms, is readying an initial public offering that would widen investors' access to its funds, people with knowledge of the matter said.
Texas Teachers commits $470 million to 5 funds
trueTexas Teacher Retirement System committed about $470 million total to five funds in March.
Private equity- and venture capital-backed IPOs down in Q1
trueProceeds from U.S. private equity and venture capital initial public offerings were down 81% and 59%, respectively, from the first quarter a year ago. In its quarterly IPO review, Renaissance Capital said only five private equity-backed companies went public in the first quarter of 2015, down from ...
N.Y. State Common commits additional $30 million to in-state venture capital
trueNew York State Common Retirement Fund made an additional $30 million commitment to Primary Venture Partners, an early stage venture capital firm, to invest in companies within the state.
Kleiner Perkins wins in gender discrimination case
trueA jury rejected Ellen Pao's claims of gender discrimination by Kleiner Perkins Caufield & Byers, in a case that riveted Silicon Valley for weeks.
Exits to strategic buyers up 13% in 2014
trueCorporate buyers snapped up 715 private equity portfolio companies in 2014 – 13% more than the prior year, according to Bain & Co.'s 2015 global private equity report, released Thursday.
Louisiana Teachers slates $225 million for 3 funds
trueLouisiana Teachers' Retirement System made three new commitments totaling up to $225 million.