Top three funds expanding their gap among the rest in Oregon Public Employees Retirement System’s venture portfolio
The Oregon public pension has stakes in four funds from Union Square Ventures
CalPERS chief investment officer Joe Dear talks about turning around performance at the US's largest public pension, why he's bullish on buyouts and why he has soured on venture capital.
Of the 27 venture-related investments from the past decade, 18 have positive IRRs and nine have negative
In 2011, the pension fund’s VC commitments added up to almost $210M
Although overall returns are low, especially for the venture industry, they are on the rise
The pension fund’s Golden State venture portfolio has commitments of $560 million and an overall IRR of 0.9% to date.
Among the CalPERS investments with falling IRRs are Khosla Ventures III and Khosla Venture Seed, both from 2009
Of the 14 cleantech funds in CalPERS CETF portfolio, five had negative returns while nine had positive ones, as of the end of 2011
The Sacramento Private Equity Partners portfolio shows mixed results from vintages 2006 to 2011, with median IRR of -4.2%