Industriens Pension halves venture program despite record returns
After last year’s record return within private equity, which was primarily driven by venture investments, Industriens Pension has dramatically reduced its new commitments.
by ole andersen, translated by catherine brett
Share prices have dropped globally but this has not yet rubbed off on the valuation of private equity and venture funds, which tend to react a few quarters later. Several market players have predicted that it will be felt by the funds, and therefore by investors, who are drawing back from venture funds.
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