Hints and tips:
...Venture capitalists are under increasing pressure to return capital to their own backers — institutional investors, foundations and pension funds, known as limited partners [LPs] — as it has become more...
...“In any organisation when you have transition to a new leadership it’s complicated to have the old leaders hanging round,” observed the Sequoia LP....
...Sequoia has rewarded LPs for their faith....
...Private capital firms Partners Group and LGT Capital Partners were the main buyers of stakes committed to be sold in the tender offer....
...A resurgence in initial public offerings or sales would allow LPs to recoup their invested capital and recycle it....
...Lightspeed Venture Partners, one of Silicon Valley’s biggest firms, is putting together a $1bn fund....
...The industry has been focused on patent expiries during the second half of the decade “for a long time”, noted Tom Davidson, a partner focusing on life sciences at investment bank PJT Partners....
...The shareholder meeting, which typically takes place in March or early April, is set to be a bruising one after Peltz’s Trian Partners said it planned to nominate two candidates to Disney’s board....
...The latest Lexington fund “speaks to the sheer demand” from LPs that feel “over-allocated” to private capital including to start-ups, they said....
...The San Francisco-based firm has not disclosed the size of its stake in Disney but it is among its largest positions, said people familiar with the situation....
...The transaction allowed Quiet Capital LPs to sell half or all of their stake in the fund to new institutional investors at Goldman Sachs Asset Management and Blackstone Strategic Partners — both secondary...
...The announcement from Wells comes days after Société Générale announced it would partner with asset manager Brookfield on a private credit fund....
...One of the parts of the proposed rules that has sparked much concern is a carve-out for US limited partners (LP) — the endowments, pension funds and charities that put money into venture funds....
...Instead, Ubben last week told investors that his Inclusive Capital Partners would wind down and return cash to investors....
...“People love to cast this idea that SF is dead,” said Index Ventures partner Mike Volpi....
...“We cannot suggest opportunities fast enough,” said a partner at one global venture fund with a San Francisco office. “They are eager for what we have from San Francisco to Orlando.”...
...Uncertainty extends to the role of so-called “limited partners”, such as US public pension funds, which provide the capital for private equity and VC funds to invest....
...Index Ventures has appointed former Airbnb executive Vlad Loktev as a partner in its San Francisco office....
...“Over the past couple of years Sequoia has faced a lot of pressure from the US side on its China business,” said one consultant to LPs in China....
...Smart reads Doom loop A crisis of homelessness, drug abuse and crime is threatening San Francisco’s future, the FT reports....
...said the head of one Sequoia LP, a sovereign wealth fund....
...Mason Morfit, head of the San Francisco-based investment firm, disclosed the position at a conference hosted by Columbia University on Friday....
...The San Francisco-based enterprise software group has also had several high-profile departures from its management ranks....
...Other US investors to have reduced their stakes are $327bn San Francisco-based asset manager Dodge & Cox, which held a peak of 5.11 per cent of the shares in late 2020, according to filing data....
...Ubben previously led years of high-profile campaigns at San Francisco-based ValueAct, which he founded in 2000....
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