Allocations

Venture capital is a close third behind growth and buyouts for LPs looking for impact, according to Rede Partners’ survey of 80 institutional investors.

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'I don't know where that number will end up – my guess is it'll be lower than the 20% we've done,' Marcus Frampton says, referring to the venture allocation within the overall PE allocation.

The investor's climate opportunities program, which raised raised £1.4 billion in 2022, has raised an additional £1.2 billion in commitments.

The $5bn pension has boosted its VC target to 4.5%, in addition to increasing its allocations to private equity and private debt.

The capital needed to grow category-leading companies up north is beyond the capacity of LPs in Canada, which could make fundraising by VC managers more difficult.

To boost its private equity allocation from 13 percent to 17 percent, CalPERS plans to invest more heavily in venture capital and growth funds.

New Mexico State Investment Council CIO Robert 'Vince' Smith says the sovereign wealth fund is gaining access to top-tier venture funds in part because other LPs are overallocated.

TRSL has already committed $50m to Insight Partners XIII, and it plans to invest as much as $350m more in four more VC funds in 2024.

The government also created the Powering Australia Technology Fund, which has the capacity to make venture, growth equity and fund investments and provide development capital.