The big seem to keep getting bigger in the current venture world.
The latest example is New Enterprise Associates, which today said it closed its 14th fund at $2.6 billion, the second-largest venture fund ever raised and NEA’s third consecutive fund near or above the $2.5 billion mark.
For Peter Barris, the firm’s managing general partner, venture industry consolidation is a fact of life and has been for some time. NEA’s mission was to figure out how to play the game.
