Commitments

Investment from new wealth management clients at parent company Northern Trust has enabled the private equity group to continue to raise new funds of funds amid liquidity challenges.

Higher percentages of funds with 2020 and 2021 vintages began to generate DPI for the first time in the past year.

Our LP Perspectives 2026 Study shows most LPs have no plans to cut back on commitments to venture, even though half say their VC holdings are underperforming benchmarks.

The pension system is considering a $50m commitment to New Enterprise Associates 19, which is targeting $3.25bn.

The commitments serve as the latest examples of a more venture-focused overhaul of private equity strategy at the $589bn system.

The sovereign wealth fund will commit up to $75m to a 'fund of one' to be managed by Greenoaks, after previously committing up to $75m to Greenoaks' sixth flagship fund.

The fund is anchored by the Fonds de solidarité FTQ, while its other LPs include Capital régional et coopératif Desjardins, Fonds québécois d'amorçage Teralys and TD Innovation Partners.

The board's investment adviser is recommending that it invest up to $175m to Menlo Ventures XVII and up to $225m to Menlo Inflection IV.

The sovereign wealth fund committed to new funds managed by 8VC, DCVC, J2 Ventures, Lightspeed Venture Partners, Lowercarbon Capital, Menlo Ventures and TCG Crossover Management.