US

Publicly traded sports-oriented gaming and entertainment companies and owners of professional sports team owners are looking for stakes in the technology infrastructure being built to expand cross-sell opportunities.

The final rule applies not only to employment agreements but also to equity-based restrictive covenant agreements with employee equity holders, which would be thrown out unless they relate to a third-party sale.

Rishi Taparia, co-founder and general partner of Garuda Ventures, talks about growing up in Indonesia, basketball and why he has a replica of a Tyrannosaurus rex skull.

Fund IV's investors include the Mexico State Investment Council, JP Morgan Asset Management, Vanderbilt University Endowment and USAA.

The fund of funds, which is targeting $750 million, expects to invest 70 percent of its capital in primary funds, including as many as 14 venture funds.

Venture firms worldwide closed on $15bn in the first quarter. It was their smallest fundraising haul since Q3 of 2017.

CalPERS named Stephen Gilmore, formerly CIO of New Zealand Superannuation Fund, as its new chief investment officer.

The San Francisco-based firm has closed on $90m for Superset Capital II, which had a target of $100m.

The newly named partner sees lots of opportunity to invest between the foundational model and app layer of the AI stack.