There’s good news for venture fundraising this morning. Following the
recessionary
drought of fundraising for venture funds in 2009, the amount raised
has increased
by 13 percent in the first quarter of 2010, with 72 funds raising $7.5
billion according to Dow Jones LP Source. For the same period last year,
68 funds raised $6.6 billion. Of course, this year’s raise is still
half of what venture funds raised in 2008: a whopping $14.2 billion.
Including a U.S. private equity shops, which includes venture funds, 198 funds raised $45.1 billion during the first half, down 26% from the same period in 2009. Buyout funds raised saw the biggest drop in money raised, finding $21 billion across 74 funds, down 35% from $32.4 billion raised by 75 funds a year ago, as limited partners’ interest in mega funds — those targeting $6 billion and up — waned.
To read the full, original article click on this link: U.S. Venture Capital Fundraising Up 13 Percent In First Half Of 2010 To $7.5B
Author: Leena Rao
