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Article: Tough times smack venture capital firms: still, Warburg Pincus expands its leadership position. (Los Angeles area 35 largest companies)
- Article from:
- Los Angeles Business Journal
- Article date:
- June 3, 1991
- Author:
CopyrightCOPYRIGHT 1991 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tough times smack venture capital firms
Still, Warburg Pincus expands its leadership position
Four firms included in 1990's List dropped out of this year's List of the 35 biggest venture capital firms with offices in the Los Angeles area, and 10 of this year's 35 saw the amount of capital under their management shrink.
This points up the risky nature of venture capital found in a research study by Morgan Stanley, the big Wall Street investment banking house. It reported venture capital was the poorest performer among a list of 17 different types of investments in terms of annualized return for both the five-year and 10-year periods ended last ...