The last 10 vintage years of venture capital partnerships' have an average total value to paid in capital of one. Five of the 10 vintage years have a TVPI below one.
Venture capital partnerships are on pace for their worst fundraising year since 2003. Only $9.1 billion was raised in the first three quarters of 2010.
Risk/return assumptions for CalPERS
Q1 VC exits
Digging through hundreds of regulatory filings and financial reports for Pensions & Investments' annual issue on the largest 1,000 retirement plans, we uncovered a gem of transparency.
The number of venture capital firms is expected to decline over the next five years, according to a recent survey by the National Venture Capital Association.
Secondary median bids for private equity funds increased to 43.22% of net asset value as of June 1, from 36.26% at the end of the first quarter, according to a report to be issued Friday.
Shares of publicly listed private equity companies have rallied off their March lows but investors still appear to be somewhat skittish on the group.
On April 2, independent economist Edward Yardeni pointed out in his daily email commentary that a record amount of liquid assets was sitting on the sidelines.