Venture Capital
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.
The plan’s private markets portfolio accounts for more than half of its total assets.
The fund targets top-performing, oversubscribed funds and companies.
The plan will also consider a $30 million re-up commitment with a real estate manager.
The corporation is searching for firms to establish a state venture capital fund and to act as the manager of the fund, for which the state will be a limited partner.
The fund-of-funds made a commitment to an investment vehicle targeting start-ups in Southern Wisconsin, where Microsoft plans to make a $3.3 billion investment in cloud computing and artificial intelligence infrastructure.
Under today’s conditions, many nonprofits and allocators are looking at other macro trends — especially the advancement of artificial intelligence technologies and concomitant demand spike for energy and infrastructure — that bode well for their alternatives allocations.
The institution is seeking a managing director to spearhead investments in oncology-focused startups and source, evaluate and negotiate early-stage investment opportunities.