Commitments

The fund of funds, which is targeting $750 million, expects to invest 70 percent of its capital in primary funds, including as many as 14 venture funds.

New York State Common Retirement Fund has disclosed that it committed $150m to B Capital’s second opportunities fund, which closed on $754m in March.

CalPERS committed a combined $2.1 billion to 13 growth equity and VC funds in the third quarter of 2023, a new report shows.

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund, is investing $266m in the latest venture debt fund from Partners for Growth.

US pension MassPRIM, which committed to just a single venture fund in 2023, has already committed to two this year.

The pension aims to invest about $200m in venture capital and growth funds this year, after committing a combined $77.5m to five venture funds in 2023.

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.

NMSIC is on track to commit nearly $300m combined to seven vintage-2023 VC funds, after investing $365m in 16 vintage-2022 funds.

The California system, which committed to early-stage tech investor Eclipse this year, is ramping up its private equity program after a spike to its target allocation.

The Sacramento County Employees' Retirement System plans to ease back on its commitments to venture until it sees a rebound in the exit market.