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Article: Venture Capital Funds Raise $1.6 Billion in Second Quarter; - Fund Reductions Fall Considerably, Showings Signs of Stability -.
- Article from:
- PR Newswire
- Article date:
- August 4, 2003
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Thirty-two venture capital funds raised $1.63 billion in the second quarter of 2003, according to data released by Thomson Venture Economics and the National Venture Capital Association (NVCA) today. This fundraising level reflects a slight up tick from the first quarter when 28 funds raised $1.2 billion. The continued modest level of overall fundraising is consistent with industry estimates of approximately $70 to 80 billion of committed but uninvested venture capital reserves.
Also in the second quarter, venture capital firms reduced commitments from limited partners by $287.7 million, the second lowest reduction since the beginning of 2002. This far lower ...