1/👑 Once upon a time, today's legendary venture funds were emerging managers…
Which is why today I’m excited to share that
@SapphirePrtnrs is launching a new program to invest in emerging venture managers with a sole LP,
@CalSTRS, the world's largest educator-only pension fund!
Why we are excited about this next chapter👇 🧵
As part of this new program, we are taking over the management of five existing CalSTRS “New and Next Generation Manager Funds,” representing $1.4B AUM.* Collectively, we have invested in 300+ emerging managers.
Our plan going forward is to invest ~$100M/year into emerging venture managers.🙌