The last 10 vintage years of venture capital partnerships' have an average total value to paid in capital of one. Five of the 10 vintage years have a TVPI below one.
Venture capital partnerships are on pace for their worst fundraising year since 2003. Only $9.1 billion was raised in the first three quarters of 2010.
Intraday, Apple became the second-largest company in the world overtaking PetroChina. It is currently $47 billion in market cap behind Exxon Mobil, the largest company.
Risk/return assumptions for CalPERS
Global Islamic fund management AUM
Q1 VC exits
Job loses at large public money managers
The number of venture capital firms is expected to decline over the next five years, according to a recent survey by the National Venture Capital Association.
Shares of money management firms have rallied nicely this year.