A continued lack of liquidity and increasingly bad 10-year track records took a toll for venture capital firms in 2009, leading to far less commitments by limited partners.
Although a few established firms with strong names and a few new firms with star investors had no trouble raising capital, overall VC fund-raising fell 54.6% to $13 billion across 120 funds from the $28.7 billion collected by 204 funds in 2008. It was the slowest year since 2003 for the sector. The data comes from the LP Source database, which like The Wall Street Journal, is owned by Dow Jones. Only capital that was raised in the 2009 calendar year was counted.
Original Article: The Great Venture Capital Fund-Raising Slump Of 2009 - Venture Capital Dispatch - WSJ
