Venture Capital
The university system approved a venture commitment targeting late-stage and growth companies across tech-enabled consumer companies.
An early-stage venture capital fund spun out of a university’s incubator announce its first close with $10 million in committed capital.
The retirement system added a direct lending commitment and three private equity commitments on July 3.
The pension finalized three commitments totaling $125 million last week.
The retirement system added $350 million in alternatives commitments in the first quarter.
The overall slowdown in private markets commitments did not stop two Black-owned firms from closing funds as early-stage venture capital firms Collab Capital and Zeal Capital Partners recently announced closes for their respective second funds.
Two HBCUs have committed to an early-stage venture capital strategy targeting the fintech, healthcare, education and workforce development sectors.
The college is one of several institutional investors to commit to the latest venture capital fund from a Berlin-based manager.
The institution approved financing agreements with four companies through its fund responsible for commercializing university research discoveries and innovations.
The global venture capital firm has opened its first European office and appointed a partner.