Investors

To boost its private equity allocation from 13 percent to 17 percent, CalPERS plans to invest more heavily in venture capital and growth funds.

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund, is investing $266m in the latest venture debt fund from Partners for Growth.

New Mexico State Investment Council CIO Robert 'Vince' Smith says the sovereign wealth fund is gaining access to top-tier venture funds in part because other LPs are overallocated.

With a single dry close enabled by proactive existing LPs, the new fund means to address some of the world’s most intractable problems, from access to financial products to retraining of workers displaced by technology.

For new investments in Malaysia and other countries, the global venture fund has partnered with a sovereign wealth fund that shares its interest in applying digital technology to clean energy, healthcare and education software.

US pension MassPRIM, which committed to just a single venture fund in 2023, has already committed to two this year.

WovenEarth Ventures announced it has closed its inaugural fund of funds on its hard-cap of $152m.

The pension aims to invest about $200m in venture capital and growth funds this year, after committing a combined $77.5m to five venture funds in 2023.

To generate liquidity for limited partners in its first fund, Primary Venture Partners has completed a $95 million secondary strip sale to StepStone Group, Venture Capital Journal has learned.