Chris Witkowsky

Firm expects to invest about 60 to 70 percent of its capital in Series A and B rounds, 20 to 25 percent in growth stage deals and the rest in seed stage investments, a source said.

LPs are beset with a glut of requests for re-ups from their existing managers, in many cases at a much quicker pace than ever before.

It is still unclear whether a bigger push into private equity means CalPERS will get back into venture capital, after largely abandoning the asset class in the early 2000s.

StepStone plans to integrate the Greenspring Associates team into its existing venture and growth practice, including setting up a joint investment committee.

Critics of private equity have long considered this a loophole that allows already-wealthy GPs to pay less than regular workers.

Seattle-based Wyze Labs Inc, a smart home technology company, has raised $15 million in financing.

Foresite last year launched an affiliate called Foresite Labs, which incubates companies at the interface of data sciences and healthcare.

Claritas Capital also invested in the $18.5 million Series B funding

Solange Fernandez Brooks will will leave the pension fund at year-end to take a new role at New American Alliance, a nonprofit organization that represents Hispanic business interests. Brooks joined CalSTRS in 2004 and worked across the system’s investment portfolio, with an emphasis on emerging managers and its home loan program.

Insight Venture Partners, a growth- and early-stage investor, has been working on a restructuring process to move assets out of older funds into a continuation vehicle that will give the GP more time to manage the assets. Insight is one of a handful of top-line venture managers who have turned to the secondary market to […]