Private equity annualized returns were negative for the eighth consecutive quarter, according to the year-end 2002 Private Equity Performance index released today by Thomson Venture Economics and the National Venture Capital Association.
All venture capital funds returned an average of -23.3% for the year ended Dec. 31, while private equity funds posted -11% for the same period. Early seed venture-cap funds posted the worst performance, -27.6%, for the one-year period ended Dec. 31.
