Private Equity

US

Missouri pension takes hit from FTX crackup

Missouri State Employees’ Retirement System reported that it had exposure to FTX, the bankrupt cryptocurrency exchange, through a PE co-investment fund.

2 min read · 18 November 2022

Friday Letter: Pesky pensions pare their PE plans

Fundraising will be more difficult in 2023, as big pensions such as Texas Teachers, LACERA and Sacramento County ERS say they plan to slow their PE investing pace.

4 min read · 18 November 2022

Active VC investor Sacramento County to cut PE pace

The system, which has backed recent funds from Canvas, CRV, Khosla and Threshold, plans to target $260m in PE commitments in 2023, down from $340m so far this year.

2 min read · 17 November 2022

Invesco anchors Fiat Ventures' debut fund for fintechs focused on underserved populations

The diverse manager, which draws on consulting experience from its sister company Fiat Growth, set out to raise $15m but ended up closing on $25m.

3 min read · 16 November 2022

Heartland raises $52m for Fund II as interest in Midwest picks up

Tapping into growing interest in start-ups based in the Midwest, Heartland Ventures has closed its second fund at $52m.

2 min read · 15 November 2022

New EIP fund targets 'last mile' of decarbonization

The fund is backed by mainly large utility, energy and industrial companies, including Microsoft Climate Innovation Fund, Williams Cos and Duke Energy

2 min read · 15 November 2022

VC money is drying up, but CVC is quenching founders’ thirst

The number of corporate venture capital firms has grown by more than six times since 2020. Bill Taranto of Merck Global Health Innovation Fund explains why CVCs are thriving.

3 min read · 15 November 2022

Owl Labs inks $25m Series C

Owl Labs, a provider of video conferencing solutions, has raised $25 million in Series C funding led by HP Tech Ventures.

1 min read · 14 November 2022

Digital therapeutics firm Luminopia grabs $5.7m seed extension

ShangBay Capital led the round with participation from other backers that include Sony Innovation Fund, The Vertical Group and SSI Strategy.

1 min read · 11 November 2022

Friday Letter: Funding for diverse founders has ‘not meaningfully changed’

There is a 'pernicious idea' in VC that taking into consideration the identity and background of portfolio company founders means deprioritizing returns, says diversity-focused Kapor Capital.

3 min read · 11 November 2022

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