Venture capital returns up 19.7%

Venture capital funds returned 19.7% for the year ended Sept. 30, up from 7.8% for the 12 months ended June 30, according to data released today by Thomson Venture Economics and the National Venture Capital Association. Buyout funds returned 32.5% in the 12 months ended Sept. 30, up from 26.9% for the year ended June 30. The five-year return for venture capital funds through Sept. 30 was -9.3%, and the 10-year return was 26.5%. Buyout funds returned 3.1% for the five years ended Sept. 30 and 8.7% for the 10-year period.