Managers

Fund III's investors include CalSTRS, the Grantham Foundation, the University of California, Sobrato Capital, Strategic Investment Group and Northwestern University.

The firm sent a letter to investors that says its partners 'are planning to come back with a new strategic plan within a 180-day period,' an LP tells Venture Capital Journal.

One LP says the 17-year-old firm did not give them a heads up, while OpenView’s LPAC did not learn about the move until half an hour before the news broke.

The deal, which hit the market in November, could total more than $1 billion depending on its final structure, sources say.

The corporate venture firm invests in minimally invasive healthcare companies targeting diagnostics, med tech, therapies and digital health.

Companies that make it easier for property owners to manage their portfolios and address serious societal issues in real estate are expected to fare better in a tougher market, say VCs.

Norrsken22 closed its debut fund at an oversubscribed $205m with support from its namesake foundation to invest primarily in sub-Saharan growth-stage companies.

Prior to joining Defy VC, Amy Yin was founder and CEO of OfficeTogether and Medha Agarwal was a partner at Redpoint Ventures.

Tight relationships with the US venture community are key when trying to choose best-in-class technology by global standards in brand new markets to invest in, and for bringing more experience into portfolio companies’ boardrooms.

Orange County Employees Retirement System, the City of San Jose Retirement System and UK pension fund Railpen are among the LPs betting on a new firm that wants to buy stakes in 15 to 20 VC management companies.