Sapphire Ventures is now managing all of CalSTR's emerging manager portfolio
Sapphire Partners, the LP arm of enterprise software-focused VC Sapphire Ventures, announced this morning that moving forward, it will be managing five funds with $1.4 billion in assets that are focused on emerging managers on behalf of the giant California State Teachers’ Retirement System (CalSTRS). In fact, according to CalSTRS, which currently has a whopping $320 billion in assets under management, Sapphire is now exclusively in charge of the pension system's bets on emerging managers. It's a big deal about which aspiring and newbie VCs should be aware, even as Sapphire ...
Source: yahoo.com
