IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
Read more
Despite a less than Oscar-winning performance in its venture capital portfolio over the last12 months, the California Public Employees’ Retirement System (CalPERS), plans on giving the asset class an even bigger lead role. At present, VC only accounts for 1% ($758 million) of its $55 billion private equity portfolio. But having experienced a “lost decade” of extended bull market returns, CalPERS plans on rewriting the script by becoming an even bigger limited partner to VC funds. If that doesn’t pique the interest of the VC community as they embark on their next rounds of fundraising then nothing will.
