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Are there many funds from Vanguard or Fidelity that are regular participants in Series D/E rounds of funding? Or do you mean that an entity like CALPERS can inv
by gaadd33 12y ago
Are there many funds from Vanguard or Fidelity that are regular participants in Series D/E rounds of funding? Or do you mean that an entity like CALPERS can invest some amount in the various VC funds? In the latter case, I think its been shown that VC as an asset class (invested in that manner) significantly underperforms the public market.
- tptacek 12y agoNot only can pension funds like CalPERS invest in VC firms, but they do, often by design --- they have asset class requirements that militate for VC. Entities like CalPERS are actually one of the engines behind VC funds.
- muzz 12y agoMany mutual funds actually bought shares of Facebook before the IPO: http://money.cnn.com/2012/05/18/markets/facebook-mutual-funds/ http://money.cnn.com/2012/05/18/markets/facebook-mutual-fund...