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UC Reveals Returns in Venture, Buyout Funds

October 07, 2003|From Bloomberg News

The University of California on Monday released its portfolio returns from money invested with venture capital and buyout funds, after losing its legal bid to keep the data private.

The university listed investments with 27 firms managing venture capital and buyout funds. These range from an investment in a single fund to as many as 10 funds managed by the same firm. The university reported so-called net internal rates of return, as ordered by the Alameda County Superior Court in Oakland.

University officials had sought to keep the returns secret, arguing that venture investors regarded the numbers as trade secrets and that many venture investors might stop allowing the university to invest with them.

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