Subject: 6 VCs, 3 Exits, $4.5 Bn ROI
From: "Claire Willett | Trusted Insight" <[email-masked]>
To: "Hunter" <[email-masked]>
Date: Fri, 4 Apr 2014 15:03:13 +0000

Is this email not displaying correctly? View in browser (http://us2.campaign-archive1.com/?u=77a3cd097df7557022fbc4906&id=1ad97291e0&e=563f3285d7)

Venture Capital

** UNION GROVE, LIGHTSPEED TOP PUBLIC PENSIONS’ VC ALLOCATIONS FOR Q1 2014 (http://blog.thetrustedinsight.com/post/81608157774/union-grove-lightspeed-top-public-pensions-vc)
------------------------------------------------------------

https://www.thetrustedinsight.com/webinars/425/

2013 was a good — heck, maybe even a great — year for venture capital firms and their institutional investors. Which: thank heavens, because the preceding years? Not so great. Not so great to the tune of CalPERS deciding to slash the VC allocation of its PE portfolio from 7% to 1%. Not so great to the tune of the Ewing Maria Kauffman Foundation declaring, in its 20 year VC report that LPs “invest too much capital in underperforming venture capital funds on frequently mis-aligned terms.”

But yes, 2013: rosy. And 2014 has been pretty good to some, particularly Sequoia, KPCB, Shasta, Spark Capital, and Matrix Partners, all of whom saw big returns from relatively small investments in Whatsapp, Nest, and Oculus Rift.

So which firms have seized on the rosiness as a way of attracting public pension LPs?

The top dog of Q1 2014 is Union Grove Venture Partners, which received $100 million from the Teachers Retirement System of the State of Illinois. At its heels is Lightspeed Ventures, which landed $30 million from TRS and $60 million from the New York State Teachers Retirement System.

Read more (http://blog.thetrustedinsight.com/post/81608157774/union-grove-lightspeed-top-public-pensions-vc) » (https://www.thetrustedinsight.com/news/show_news/6632/)

------------------------------------------------------------

** Venture Capital Events
------------------------------------------------------------

profile/conference/136/

LP San Francisco Reception (profile/conference/136/)

April 22nd, 2014 @ 6PM

LP reception in Menlo Park, CA (near Stanford University). Hosted by Trusted Insight and Rothenberg Ventures. Come join us for an evening of LP-LP networking.

RSVP (profile/conference/136/)

** Top Venture Capital News
------------------------------------------------------------

https://www.thetrustedinsight.com/news/show_news/6618/#comments

Anatomy of an Exit: Nest, Oculus and Whatsapp (https://www.thetrustedinsight.com/news/show_news/6618/)

Already, 2014 has produced a bumper crop of tech IPOs both profitable (Varonis, Rubicon Project, Coupons.com) and depressing (King Digital Entertainment). But the real money’s been in acquisitions, with the top three netting 6 investors a $4.5 billion ROI. Read More » (https://www.thetrustedinsight.com/news/show_news/6618/)

https://www.thetrustedinsight.com/news/show_news/6609/#comments

Which US Public Pensions Have Invested in Venture Capital in Q1 2014? (https://www.thetrustedinsight.com/news/show_news/6609/)

New York State Teachers’ Retirement System leads the pack, with $133mn invested in four funds—FirstMark Capital III, General Catalyst VII, Lightspeed Venture Partners X, and Lightspeed Venture Partners Select Fund I. Read More » (https://www.thetrustedinsight.com/news/show_news/6609/)

https://www.thetrustedinsight.com/news/show_news/6597/#comments

Venture Capital's Need for Secrecy Collides With Public's Right to Know (https://www.thetrustedinsight.com/news/show_news/6597/)

California is home to some of the biggest venture capital firms and many of the young companies they invest in. So it is not surprising that the state has been a major battleground in efforts to stri... Read More » (https://www.thetrustedinsight.com/news/show_news/6597/)

https://www.thetrustedinsight.com/news/show_news/6632/#comments

Q1 2014 Was the Strongest Period for New IPOs Since Late 2000 (https://www.thetrustedinsight.com/news/show_news/6632/)

Those findings jibe with just-reported data from the National Venture Capital Association, which reports 36 venture-backed companies went public, raising $3.3 billion, a 50 percent increase by number... Read More » (https://www.thetrustedinsight.com/news/show_news/6632/)

https://www.thetrustedinsight.com/news/show_news/6631/#comments

LinkedIn cofounder joins Earlybird Venture Capital to find next European startup star (https://www.thetrustedinsight.com/news/show_news/6631/)

German-born Konstantin Guericke may have cofounded Silicon Valley giant LinkedIn and completed two degrees from Stanford University, but he is now turning his attention to Europe's startups.... Read More » (https://www.thetrustedinsight.com/news/show_news/6631/)

https://www.thetrustedinsight.com/news/show_news/6630/#comments

Health care venture firm Foresite Capital closes $300M fund (https://www.thetrustedinsight.com/news/show_news/6630/)

Just two months after closing a $100 million fund focused on late-stage health care companies, the venture firm has closed a $300 million fund, Foresite Capital Fund II, it announced today.... Read More » (https://www.thetrustedinsight.com/news/show_news/6630/)

https://www.thetrustedinsight.com/news/show_news/6629/#comments

Balderton Capital Raises $305 Million for Venture Fund (https://www.thetrustedinsight.com/news/show_news/6629/)

London-based venture-capital firm Balderton Capital raised $305 million for its fifth European fund, bringing its total under management to $2.2 billion. The new fund will focus on young technology businesses in Europe, especially at the “Series A” stage, when startups are raising their first significant capital, Balderton said in a statement. Read More » (https://www.thetrustedinsight.com/news/show_news/6629/)

https://www.thetrustedinsight.com/news/show_news/6628/#comments

Intel launches $100M venture fund to invest in smart devices and wearables in China | Mobile | by Dean Takahashi (https://www.thetrustedinsight.com/news/show_news/6628/)

Intel chief executive Brian Krzanich said today that Intel Capital plans to invest $100 million in tablets, smartphones, wearables and the Internet of Things devices in China.... Read More » (https://www.thetrustedinsight.com/news/show_news/6628/)

https://www.thetrustedinsight.com/news/show_news/6627/#comments

Italy's Quadrivio Launches New €100m Venture Fund to Back Local Tech Companies. (https://www.thetrustedinsight.com/news/show_news/6627/)

Fondo TT Venture Due will invest in tech startups focusing on Life Sciences, medTech, new materials and cleantech. Elizabeth Marie Robinson, Ph.D in biotechnology at Massachusetts Institute of Technology, President of Nicox Research Institute and co-founder of Nicox SA, has been named as Investment Director of the venture capital unit while Valentina Bocca has been named as CIO of TTVenture. Read More » (https://www.thetrustedinsight.com/news/show_news/6627/)

https://www.thetrustedinsight.com/news/show_news/6626/#comments

Pejman Nozad Hoped to Raise $20 Million for His Early Stage Fund. Instead, He Raised $40 Million. (https://www.thetrustedinsight.com/news/show_news/6626/)

Nozad is one of the most prolific angel investors in Silicon Valley, as well as one of its most unusual. An Iranian immigrant, Nozad broke into the Valley's tight network of entrepreneurs and moneymen by selling fine rugs to them at a Palo Alto store owned by Saeed Amidi and his family, which became Nozad's business partners. Read More » (https://www.thetrustedinsight.com/news/show_news/6626/)

https://www.thetrustedinsight.com/news/show_news/6604/#comments

Pension funds to boost private equity investment in Africa, survey shows (https://www.thetrustedinsight.com/news/show_news/6604/)

Credit rating agencies did not cover them- selves in glory in the financial crisis, particularly when it came to the rating of sub-prime credit instruments. While the main ones have taken steps to pu... Read More » (https://www.thetrustedinsight.com/news/show_news/6604/)

https://www.thetrustedinsight.com/news/show_news/6603/#comments

Tim Farazmand Takes Over BVCA Chairmanship (https://www.thetrustedinsight.com/news/show_news/6603/)

Our media team regularly responds to issues relating to the private equity and venture capital industry as well as issues affecting the broader economy. Our latest press release can be viewed below:... Read More » (https://www.thetrustedinsight.com/news/show_news/6603/)

https://www.thetrustedinsight.com/news/show_news/6583/#comments

Lyft Raises $250 Million for International Expansion (https://www.thetrustedinsight.com/news/show_news/6583/)

The Series D round of financing, which will put its war chest on par with arch-competitor Uber, comes from hedge fund Coatue Management, Chinese e-commerce giant Alibaba , and Daniel Loeb's Third Poi... Read More » (https://www.thetrustedinsight.com/news/show_news/6583/)

------------------------------------------------------------

** Trending Firms
------------------------------------------------------------

https://www.thetrustedinsight.com/profile/firm/6004/

Lightspeed Venture Partners (https://www.thetrustedinsight.com/profile/firm/6004/)

Over the past two decades, Lightspeed has backed more than 200 companies, many of which have become leaders in their respective industries. We are currently investing out of Lightspeed IX, a $675 million fund focused on early and expansion stage investments in the consumer, enterprise technology and cleantech markets...

https://www.thetrustedinsight.com/profile/firm/12712/

Rothenberg Ventures  (https://www.thetrustedinsight.com/profile/firm/12712/)

Rothenberg Ventures backs talented and passionate world-class founders who are building technology-enabled, scalable, and primarily asset-light businesses. The company was founded in 2012 by Mike Rothenberg and invested in 40+ exciting companies with-in the first year...

** Trending On Trusted Insight
------------------------------------------------------------

Interests

https://www.thetrustedinsight.com/profile/SalusAlpha/
Luxembourg (https://www.thetrustedinsight.com/tag/luxembourg/)
https://www.thetrustedinsight.com/profile/JoeOmansky/ https://www.thetrustedinsight.com/profile/AnnetteBerendsen/ https://www.thetrustedinsight.com/profile/BrendanMurphy/
Ukraine (https://www.thetrustedinsight.com/tag/ukraine/)
https://www.thetrustedinsight.com/profile/LokendraJain/ https://www.thetrustedinsight.com/profile/LeslieBrun/ https://www.thetrustedinsight.com/profile/ThomasBoytinck/ https://www.thetrustedinsight.com/profile/MartinGilleran/
Hospitality (https://www.thetrustedinsight.com/tag/hospitality/)
------------------------------------------------------------

Jobs

https://www.thetrustedinsight.com/jobs/906/ Fund Operations Specialist (https://www.thetrustedinsight.com/jobs/906/)

Private Equity Research Senior Associate (https://www.thetrustedinsight.com/jobs/2131/)

** Talk To Us:
------------------------------------------------------------

Have a question, suggestion, or just want to chat? Here are four ways to do it:

------------------------------------------------------------

Contact Us (https://www.thetrustedinsight.com/#contact)

Copyright © * 2014 Trusted Insight, All rights reserved | Terms (https://www.thetrustedinsight.com/about/terms/) | Privacy (https://www.thetrustedinsight.com/about/privacy/) | Unsubscribe (http://thetrustedinsight.us2.list-manage2.com/unsubscribe?u=77a3cd097df7557022fbc4906&id=cb5b02aee3&e=563f3285d7&c=1ad97291e