Report: Venture Capital Returns Positive for First Time in Three Years

Authored by Mark Hefflinger on April 22, 2004 - 3:35am.

New York -- One-year returns on venture capital investments were positive during the fourth quarter of 2003 for the first time in three years, posting an aggregate 8% growth, according to a new report from Thomson Venture Economics and the National Venture Capital Association. The total private equity asset class -- including venture capital, buyouts and mezzanine funds -- posted an 18.3% performance in the fourth quarter, representing the second consecutive positive quarter, the survey found. "There is reason to think that continued increases are sustainable especially if the IPO and M&A exit markets continue to improve this year," said Jesse Reyes, vice president at Thomson Venture Economics.
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