(TechCrunch) Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the sustained growth of the last 13 years.
The California Pension System, the largest pension system in the U.S. whose investments are sprinkled across the globe, injected $368.8 million into Silver Lake Partners’ 2015 V fund. In the quarter ending September 2021, the value on that return stood at $668.3 million. However, by the same quarter in 2022, this figure was reduced by $100 million, according to documents released by the pension firm in response to a request for public records made by TechCrunch.
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