U.S. venture capital and U.S. private equity in the first half of the year picked up from the same time last year, although U.S. venture capital fundraising was down in the second quarter, according to data from the National Venture Capital Association and Thomson Reuters as well as Dow Jones LP Source.
According to NVCA and Thomson Reuters, 37 U.S. venture capital funds raised $2.7 billion in the second quarter, down 64% from $7.6 billion raised in the first quarter, However, the amount of capital raised in the second quarter is up 29% from the $2.1 billion raised by 48 funds in the same quarter last year.
For the first half, the $10.2 billion raised by U.S. venture capital funds is up 67% from the first six months of 2010. While the funds raised in the first half of this year were larger, there was a 15% decrease in the number of funds raised.
Dow Jones data revealed that U.S. private equity funds raised $64.7 billion in 201 funds in the first half, 35% more than the $47.8 billion raised by 225 funds in the first half of 2010. U.S. buyout funds raised $46.1 billion in 94 funds in the first half, almost double the capital raised by buyout funds in the first half of 2010.
Dow Jones LP Source U.S. venture capital data differ from those of NVCA and Thomson Reuters. According to Dow Jones LP Source, U.S. venture capital raised $8.1 billion in 50 funds in the first half of 2011, with capital up 19% from the first half of last year. (Dow Jones LP Source classifies first, interim and final fund closings separately.)