Venture Capital
The plan disclosed $1.1 billion in total commitments with three new managers and ten existing managers in the fiscal first quarter.
The plan retained two managers based on the recommendation of its general investment consultant.
The New York-based venture capital manager has closed its oversubscribed early-stage decarbonization strategy.
The Western-based firm closed its inaugural fund, which invests in early-stage climate tech companies, with approximately $90 million in total commitments, above its $50 million target.
The plan has “small exposure” to FTX across two of its venture capital managers.
While diversity, equity and inclusion investments garner attention from the broader industry, U.S. venture capital firms have dedicated less than 2% of their assets to DEI investments, a new study finds.
The pension fund has exposure to FTX through three venture capital investments.