While a number of limited partners are eschewing new venture capital commitments, the New Jersey Investment Council remains bullish on the sector.
So said Robert Grady, the council’s chairman who spoke during last week’s Dow Jones Private Equity Analyst Limited Partners Summit in New York on Tuesday.
After learning from the team at Hamilton Lane that “one-third of limited partners were reducing their commitments to venture capital, one-third were keeping the same allocation and one-third were planning to get out,” Grady, a former venture capitalist, said it was time to “get in.”
He said the investment council is looking to “graduate” top performing general partners from its fund of funds portfolio across the asset class, including venture capital managers.
To read the full, original article click on this link: Out Of Investment Hibernation, New Jersey Still Bullish On Venture - Venture Capital Dispatch - WSJ
Author:
Hillary Canada
