Venture capital isn't dead, but it is riddled with ailments.
Returns are lousy. Fundraising is down. And exits — both initial public offerings and mergers and acquisitions — are down from 2011, even with 2012's monster Facebook IPO.
This has some pension fund investors wondering whether the asset class is worth its extended period of illiquidity when funds are performing so poorly.
To read the original article: Investors wonder if venture capital is worth the wait - Pensions & Investments
