Venture capital firm Institutional Venture Partners is set Thursday to announce a new $1 billion fund, one of the industry's largest in years.
Despite a trend of decreasing investment in venture capital, IVP has recently seen a number of its portfolio companies -- including Buddy Media, HomeAway and Zynga -- go public or get acquired, which may have encouraged outside fund managers to trust the firm with more money.
"The better you perform over a number of years, the easier it is to raise a big fund," said IVP partner Norm Fogelsong. The
