Commitments

Continuation funds aren’t the only strategy firms are using to generate liquidity for LPs. Others include strip sales, preferred equity deals and tender offers.

The new CIO of the $44bn public pension system is pushing hard into PE, and VC is a big part of his plan.

Other investors in Lakestar's second growth fund include family offices Italmobiliare and KOEHLER Group, government-related investment organization PFR Ventures, Sidley Austin Master Pension Trust and the Grantham Foundation.

Fund I will focus on making Series A funding in European hardware and software ventures that accelerate the energy transition.

The women-led firm raised $500m for its seventh flagship vehicle, including a $25m commitment from MassPRIM.

The $865m fund will be invested by a new growth team led by former TCV general partner Shalini Rao and including alumni of Bessemer Venture Partners, EQT Group, Insight Partners and Bond.

Banco de Sabadell and the European Investment Fund committed to the sophomore vehicle, which raised €180 million.

Investors include Alaska Permanent Fund and Rockefeller Brothers Fund.

'Our thesis is a long-term thesis: this generation of consumers growing up online are in college or already working, so it’s inevitable that our worldview comes true,' says co-founder Jason Yeh.

Founded by a McKinsey & Co alum, Alkemi recently held a first close on about $50m for its sophomore fund, which is targeting $75m.