Venture Capital
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.
The plan has now hired a total of 12 new international equity managers this year.
The commitments will target the non-coastal regions of the U.S.
The retirement system made private equity commitments totaling $35 million in January.
The institution will consider financing agreements up to a total of more than 10% of the assets under management of two nascent companies created at the institution.
The Latina-led venture capital firm recently closed its latest fund after garnering several commitments from foundations, two endowments and a religious institution’s investment team.
The institution is looking for a program and associated vendor to deliver technical training, peer-based learning and enhanced networking for its portfolio designed support early-stage startups in emerging markets.
The plan has awarded approximately $1.2 billion across three managers.