Emerging managers are trying to identify investors with whom their visions resonate.
Photo of Yup Kim, CIO, Texas Municipal Retirement System
The new CIO of the $44bn public pension system is pushing hard into PE, and VC is a big part of his plan.
The sovereign wealth fund will look toward more investments in venture capital funds, along with wider definitions of in-state impact, in an attempt to revamp the program.
Major pension signals it will continue expansion of diverse representation among managers in private market assets during overview of DEI accomplishments.
Photo of Klaus Hommels of Lakestar.
Other investors in Lakestar's second growth fund include family offices Italmobiliare and KOEHLER Group, government-related investment organization PFR Ventures, Sidley Austin Master Pension Trust and the Grantham Foundation.
Contrary to a report in the Financial Times that public market turmoil is spurring large institutional investors to explore selling out of private market positions, most LPs are not likely to make such reactionary decisions to sell at steep discounts.
ILPA’s senior leadership says members are sticking to their current portfolios and taking a long-term outlook on public market volatility.
SignalFire invests in applied AI companies from pre-seed to Series B in key sectors, including healthcare, cybersecurity, infrastructure, consumer, and other enterprise verticals.
Investors believe 2025 will have improved deal and exit volumes for private markets in spite of US policy uncertainty and looming tariffs, according to a survey from Adams Street Partners.
With the possibility that exits will not be making a comeback this year, PE’s IR professionals have quite a challenge ahead of them (especially those fundraising, but not just them).

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