Venture Capital
The firm is also celebrating 15 years of investing in early-stage founders.
The university’s former cio left at the end of 2024 to join a venture capital manager, where they are involved with strategic partnerships and impact.
Early-stage venture capital firm Construct Capital successfully closed its $300 million Fund III, the firm announced.
The commitment represents a new relationship for the city’s three pension plans.
Two prominent foundations are among the group of endowments, foundations, pensions, corporations and family offices to commit to a firm’s recently closed second venture fund.
The pension plan was notified of two commitments totaling $975 million last week.
The West Coast-based foundation committed to a seed-stage venture capital manager’s debut fund, which recently closed and was oversubscribed.
The retirement system added three more commitments to Lightspeed Venture Partners.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
A consortium of nonprofits and private organizations are seeking a venture consultant to run a regional investment program for life science start-up companies.