Stronger IPO market energizes US venture fund returns

U.S. venture capital funds showed gains in performance in the third quarter of 2013, according to the Cambridge Associates LLC U.S. Venture Capital Index®, the benchmark of the National Venture Capital Association (NVCA). The quarterly, 1-, 3-, 5-, 10- and 15-year time horizons all showed higher returns, with no change in the 20-year horizon. The NVCA attributed the improved performance to a better exit environment and a healthier market for initial public offerings.

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