Venture capital performance was up about a percentage point in the first quarter, returning 2.5%, according to the National Venture Capital Association's performance benchmark, the Cambridge Associates LLC U.S. Venture Capital index.
The one-year return of 4.9% was down the first quarter of last year when venture capital earned 4.7% for the quarter
"The surge of the public markets in the first quarter of this year was very difficult to compete with from a returns perspective, yet there is clearly a silver lining if these indices remain strong," said Mark Heesen, president of the NVCA in a news release.
Cambridge Associates derives its U.S. venture capital benchmarks from its proprietary venture capital fund database that included 1,428 venture funds formed since 1981.
