TN co-investment coming

State ECD Commissioner Bill Hagerty is likely within 3 weeks or so to announce criteria for investors applying for a share of the nearly $30MM the State plans to make available for co-investment, in an initiative designed to increase early-stage capital. Tennessee Technology Development Corporation will serve purely as non-judicial administrator of the Hagerty-designed program. Here's an earlier related story on other items in Hagerty's portfolio.

TCRS-Bessemer Ventures

The Tennessee Consolidated Retirement System's (TCRS) latest private-equity asset commitment puts $25MM on the table for Bessemer Venture Partners to manage. The announcement advances the 18-month-old program, and comes shortly after word of a legislative initiative that could have influenced TCRS investments. Read about it here.

TNInvestco results questioned

The Tennessean's Chas Sisk reports on the state's TNInvestco program, on the cusp of release of a formal report on the TNInvestco-chartered funds' performances. The story's here (and soon behind the cost wall).

Heritage Healthcare Innovation Fund launches

Rock Morphis and allies have launched the Heritage Group's new healthcare innovation fund, with help from a number of familiar faces. Details here.

RightSide seed-cap model examined

Nashville and Tennessee VCs offer their opinions on RightSide Capital Management's plan to invest in more than 100 companies a year, without personally interrogating entrepreneurs and their plans. The story's here.