North America

Ballast Equity Partners Fund I was anchored by the New Mexico Educational Retirement Board and the State of Wisconsin Investment Board, which each committed $30m.

Firm founder Jeff Clavier also announced he is taking a 'step back from day-to-day management,' with Andy McLoughlin now serving as Uncork's sole managing partner.

The new CIO of the $44bn public pension system is pushing hard into PE, and VC is a big part of his plan.

In part 20 of his series on venture debt, Zack Ellison from Applied Real Intelligence examines the emerging appeal of lending to non-sponsored, bootstrapped companies.

The emerging manager was founded earlier this year by alumni of Coatue Management, NEA, TCV and Google.

Fund II raised 15% more than Fund I and the fundraising process appears to have taken just two months.

The sovereign wealth fund will look toward more investments in venture capital funds, along with wider definitions of in-state impact, in an attempt to revamp the program.

Major pension signals it will continue expansion of diverse representation among managers in private market assets during overview of DEI accomplishments.

SE Ventures' new accelerator program aims to connect climate tech start-ups with expert industrial advice and pilot customers earlier in their journeys.

LPs include senior living and skilled nursing operators, home health and hospice agencies, home care leaders and corporates from healthcare technology, healthcare real estate and consumer products.