US

The VC firm hopes to incentivize operators who do not have a fully baked idea but are eager to collaborate with former colleagues to form cohesive teams.

Peter Cashion will lead CalPERS’ stewardship and net zero implementation and ‘develop new investment strategies’.

Now is a particularly good time for VCs to invest because the carpetbaggers are streaming for the exits.

One of the two asset managers to which California Public Employees’ Retirement System allocated a combined $1 billion this week to expand diversity in alternative investment management said venture capital will be a key component of the inaugural fund it is launching with the pension fund’s capital.

Cake Ventures, a new pre-seed and seed venture firm, has closed its debut fund at $17m to invest in companies creating technologies that address major demographic changes.

Spooked by FTX, more VC firms will bolster their due diligence efforts before investing and insist on increased risk oversight at portfolio companies.

California Public Employees’ Retirement System will commit $1 billion to two asset managers with new strategies focused on emerging managers.

Ben Finlay, who is in his last semester at Princeton University studying religion, recently founded Plesion Capital to make impact investments in Africa. It is targeting $10m for its debut fund.