New VC Funds Median Size Tops $200 million in 2006
A record 16% of the funds raised last year were $500 million or more, the
highest percentage on record.
. Only 34% of funds closed in 2006 were less than $100 million, the smallest percentage on record.
. During the bubble, the median fund size never climbed much beyond $100 million.
. The largest fund closed in 2006 was the $2.56 billion Oak Investment Partners XII.
. U.S.-based venture capital funds that closed in 2006 raised $24.3 billion, slightly less than the $25 billion in 2005.
. A total of 95 funds closed last year, compared to 124 in 2005.
. Venture capital fundraising peaked in 2000 when 489 funds raised $83.2 billion.
. By 2003 the VC fundraising had dropped to $9.9 billion, a year when only 77 funds closed.