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Goldman Sachs' alternatives unit is leading a consortium investing in a $540m continuation vehicle created by venture capital firm NEA. The VC firm contributed stakes in 11 of its companies — including startups Databricks, Plaid and Tempus AI — to the vehicle.
Amid a lull in exit activity, alternative-asset managers — especially those focused on venture and private equity — have faced heightened pressure to distribute cash to institutional investors such as pension funds and endowments.
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