In the last year, while CalPERS' PE portfolio returned −4.7%, CalPERS' venture investment performance came in at −24.8%. Venture makes up just 1% of CalPERS' $55 billion private equity portfolio, representing about $758 million in net asset value. Food and beverage, Food production, Healthcare, Wind power. Orlich said CalPERS' private equity investment strategy had been "inconsistent." He described it as a "lost decade," because the firm missed out on an extended bull market and vintage years that would deliver "strong investment returns."īetween 20, CalPERS underperformed the venture market, according to a PitchBook report, notching annual returns of 0.49%. Touchdown manages venture capital funds for large corporations. In a presentation Orlich will provide to CalPERS' investment committee available now on the fund's website, the investment director says the pension fund should "become a preferred solution provider in a period when some LPs are pulling back commitments." Venture investing, while still historically high, fell 30% from the prior year. Personal Loans for 670 Credit Score or LowerĪfter a record 2021, exit activity among venture-backed companies plummeted about 90% last year, according to the National Venture Capital Association, as the IPO market froze and tech stocks cratered. Personal Loans for 580 Credit Score or Lower ![]() For the Flames, their first (and only) title came at the expense of the Montreal Canadiens, who had an incredible 23 Stanley Cup titles at that point.Best Debt Consolidation Loans for Bad Credit The Bad Boy Pistons lived up to their name in 1989, demolishing the Lakers in four games to win their first title (they'd repeat as champions the next season). Mario Lemieux won the Conn Smythe Trophy as the Penguins' mini-dynasty began with an 8-0 Game 6 shellacking over the Minnesota North Stars. 1991: Chicago Bulls, Pittsburgh PenguinsĪll dynasties have to start somewhere, and for Michael Jordan and the Bulls, that was the 1991 NBA Finals, where they took care of business against the Los Angeles Lakers in five games. There was no such controversy for the 1999 Rams, as "The Greatest Show on Turf" clinched their first Super Bowl title when Mike Jones tackled Kevin Dyson a yard short of a potential game-tying touchdown. The Stars won their first Cup under a bit of controversy, with Brett Hull's series-winning goal over the Buffalo Sabres coming awful close to a crease violation. In the last year of the 20th century, Tim Duncan and Gregg Popovich beat the New York Knicks in the NBA Finals - and they didn't even have Tony Parker or Manu Ginobili yet. Yes, there was a time when the Spurs had yet to win a title. For the Diamondbacks, the enduring image of their first (and so far only) title will be Luis Gonzalez lofting a single just past Derek Jeter for the winning run in the ninth inning of Game 7.ġ999: San Antonio Spurs, Dallas Stars and St. For the Sparks, the 2001 season was the first of Lisa Leslie's two title runs, and she didn't disappoint, scoring 24 points in each of the Sparks' two wins in the best-of-three finals series. Louis Rams will go down as one of the greatest games of all time. The 2001 Patriots were the beginning of Tom Brady's legend, and their Super Bowl win over the St. 2001: New England Patriots, Los Angeles Sparks and Arizona Diamondbacks The Hurricanes actually came close to blowing a 3-1 series lead to the Edmonton Oilers, but took care of business with a 3-1 win in Game 7 of the finals. 2006: Miami Heat, Carolina Hurricanesĭwyane Wade averaged an incredible 34.7 points per game in the Heat's Finals win over the Dallas Mavericks, outdueling Dirk Nowitzki. The Blues, meanwhile, got their first Stanley Cup by taking on one of the NHL's most storied franchises, the Boston Bruins, in a back-and-forth series that went the full seven games. Kawhi Leonard and the Raptors had a playoffs for the ages, with Leonard bouncing home a Game 7 winner against the Philadelphia 76ers and then taking care of the Golden State Warriors in six. Here's a quick list of every time it has happened in recent memory. You might think that it's a rare thing for two teams to win their first championships in the same season, and you'd be right, but it's not completely unprecedented. ![]() On Monday night, the Nuggets won the first title in their 47 seasons in the NBA, while the Golden Knights followed up on Tuesday with their first Stanley Cup after first being established in 2017. It has been a good week for fans of the Denver Nuggets and Vegas Golden Knights.
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