Venture Capital Fundraising Fell 55 percent in 2009

Previous PostThe 38 Hottest Restaurants in LA
Next PostCartier’s Les Must Collection Campaign

According to The San Francisco Business Times, U.S. venture capital fundraising dropped nearly 55 percent in 2009 reflecting a decline across the U.S. private equity spectrum.

According to Dow Jones’s VentureWire, the drop equals out to a total of just $13 billion across 120 funds, the smallest amount since 2003. In 2008, the total amount of venture capital raised was $28.7 billion, collected by 204 funds. The decline in the U.S. private equity spectrum over the last year saw 331 funds raising $95.8 billion, down 68.1 percent from the $299.9 billion raised by 508 funds in 2008, according to Dow Jones.

VentureWire notes that venture capital firms “have been impacted by a lack of liquidity and increasing bad 10-year track records.”

In Europe, things were even worse, with overall fundraising dropping 75 percent to $30.4 billion from $123.5 billion.


connect with haute living National