Mark Boslet

The venture capital funds in CalPERS’ Golden State Investment Partners portfolio logged big gains by and large last year, with Claremont Creek Ventures II showing the most dramatic improvement of all. At the end of September 2011, six of the nine venture capital, balanced and mezzanine funds in the portfolio were in the red with […]

Investing in emerging markets such as China and India has turned more difficult in the past couple years. But many of the venture capital and balanced funds in California Public Employees’ Retirement System’ 57 Stars Emerging Markets Fund portfolio show promise with noticeable progress over the past year. The 12 funds that focus on early-stage, […]

CalPERS’ Capital Link Fund venture portfolio is struggling to find its footing. The 13 venture funds in the portfolio are relatively young, coming from the 2007, 2008 and 2009 vintage years. Still, more of them have negative IRRs than positive ones, and cash distributions are modest, to state it politely, according to the latest performance […]

The California Public Employees’ Retirement System has complained mightily about its venture capital portfolio, but its California Emerging Ventures portfolio isn’t looking all that bad. The portfolio has 37 venture funds with vintages of 2005 to 2009, and 29 of them, or 78%, have positive IRRs, according to the pension manager’s most recent public performance […]

Pension fund giant California Public Employees’ Retirement System is clearly not what you would call bullish about venture capital. The money manager will tell just about anyone who asks that it is sharply reducing its commitments to new funds. And yet for all the angst, the venture holdings in its Sacramento Private Equity Partners portfolio […]

Want more evidence of venture’s steady improvement in fund returns? Look at the most recent additions to the University of California’s venture capital portfolio. The university’s Regents has 30 funds with vintages of 2007 to 2012 and it reports fund performance details for 28 of them. (It still doesn’t report performance for its Sequoia Capital […]

Investors at the University of California may be resting a bit easier these days. The performance of the UC venture portfolio has been improving—at least the performance of those mid-decade funds now in the key years of investment harvesting. The university’s Regents holds 27 venture capital funds with vintages of 2004 to 2006. A total […]

The San Francisco Employees’ Retirement System was an active venture capital investor in 2012, committing $104 million to five funds through June, including several of the largest raised during the year. The money manager also continued to see modest improvement in the performance of its venture portfolio over the period, according to a portfolio report […]

The New York Police Pension Fund has been a hesitant investor in venture capital and this might be a good thing. Performance of the funds it holds has largely been unimpressive, according to a VCJ analysis of its latest portfolio report. Only about 15% of the money manager’s active private equity funds from 2004 to […]

Clearstone Venture Partners’ Clearstone Venture Partners I-B was the top performer in the California Public Employees’ Retirement System’s funds-of-funds California Emerging Ventures portfolio, posting an IRR of 154.7% and a multiple of 2.8x, according to the state pension fund’s most recent report, as of March 31, 2012. The Clearstone fund raised $105 million in total […]