Venture Capital Funds in Market – March 2012

by Laura Duce

  • 26 Mar 2012
  • PE

There are currently 362 venture capital investment vehicles on the road, which are collectively seeking $51.1bn in capital commitments. Of these funds, 155 focus on North American investments, 130 funds predominantly focus on Asia and Rest of World regions, and 77 funds primarily invest in European opportunities. 44% of all venture capital funds in market are being raised by US-based fund managers, accounting for approximately 47% of the collective target size. 166 of the 362 funds consider all stage venture capital investments, and 138 focus primarily on early stage investments while 58 of the funds have an expansion/late stage focus.

Of these 362 funds in market, 151 have already held at least one interim close, and aggregate commitments currently stand at approximately $8.1bn. Seven of these venture capital vehicles have held an interim close since the beginning of 2012. The average target size of all venture capital funds currently raising is $141mn.

The three largest venture capital funds in market are Inerjys Ventures I, KPCB Digital Growth Fund, and ARC Energy Fund VII, which are targeting CAD1bn, $1bn and CAD850mn respectively. Inerjys Ventures I has a global focus, and invests in renewable energy and power sectors, and KPCB Digital Growth Fund and ARC Energy Fund VII both focus on North American investments.  KPCB Digital Growth Fund invests in digital media, Internet and IT, and ARC Energy Fund VII focuses on oil and gas opportunities.

Over the past 12 months, 168 venture capital vehicles have held a final close, collecting total commitments of approximately $33.7bn. The average final close size of these funds is $201mn, and 73 of these closed funds were focused on North America, accounting for roughly 54% of total commitments.

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