In today's edition, Why those bearish on VC could be missing out; Goldman questions 'enormous' tech multiples; More musical chairs in the GP-led arms race. Fresh insights VC bets: paying off. Source: Getty: VC bets paying off.

Why those bearish on VC could be missing out; Goldman questions 'enormous' tech multiples; More musical chairs in the GP-led arms race. Fresh insights VC bets: paying off. Source: Getty Nothing ventured…San Francisco Employees' Retirement System is looking to keep building relationships with high-conviction venture managers even as AI concentration increases within the asset class, our colleagues at Venture Capital Journal report (registration required).

Venture has been the best-performing strategy in SFERS' PE portfolio, returning 16.3%.