Posted on Wednesday, April 30th, 2008 at 12:39 pm
VC Fund-Raising Jumps 29 Percent
Red Herring
The survey found that 81 U.S. private equity funds raised $58.5 billion, an increase of almost 32 percent over the $44.3 billion raised by 68 funds in the 2007 quarter. Thirty-two venture capital funds raised $4.97 billion, a 29 percent increase over the $3.84 billion that went to 22 funds in the year-ago period. In both periods, however, venture capital accounted for about 9 percent of total funds raised.
Leveraged buyout funds, which were the toast of Wall Street in the first half of 2007, saw fund-raising tumble 22 percent to $27.6 billion in 33 funds. That compares with $35.2 billion raised by 34 funds in the first quarter of 2007.
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