Austin Ventures related stories
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Jerusalem Global Ventures cuts funds by $30mThe Isreal firm has joined the growing list of fund-reducing firms, cutting $30m from its IT and communications funds.
- Mobius returns $250M from Fund VI
The Japanese venture firm has announced the second cutback from one of its VC funds, the fifteenth reduction of its kind since the beginning of 2002.
- TVM Ventures hires biotech entrepreneur
The US-German venture capital firm has appointed Stephen Hoffman, former CEO of Allos Therapeutics, as investment manager for its Boston life sciences team.
- UTIMCO opts to withhold quarterly data
Following objections from a number of GPs, the Texas University fund has decided against publishing data for half of its 130 private equity investments
- Atlas cuts funds by $367m
Atlas Venture is the latest venture capital entity to feel the pinch in the early stage sector, cutting its sixth fund by 38 per cent back to $600m and closing two of its US offices.
- Texas to publish performance data
The University investment management body has confirmed that it will publish performance data for its venture capital investments as early as next week.
- More US VC capital returned than raised in Q2
New NVCA figures released for the second quarter of 2002 has the amount that US VC funds raised falling below the amount returned to LPs as a result of fund downsizing.
- Venture capital funds raised $55bn in 2001
200 new funds were launched in the year, 23 of which were dedicated to investment in the life science sector.