Key Takeaways
- • U.S. venture capital fund returns improved across most benchmark periods as of Q3 2013, which the report attributed to a stronger IPO market, according to a Cambridge Associates and National Venture Capital Association report published in February 2014.
- • One-year VC fund returns rose to 15.1% from 8.9% in June 2013, and three-year returns reached 14.4%, up from 13.5%.
- • Ten-year performance climbed to 8.6% from 7.8%, and quarterly returns were 6.5%.
- • Only the 20-year horizon failed to advance, reported as essentially unchanged at 30%.
Summary
Venture Capital Journal senior editor Mark Boslet reported that U.S. venture capital fund performance improved as of the third quarter of 2013, citing a stronger IPO market as the driver. The article was published on February 4, 2014, so the figures reflect 2013 results rather than current conditions. The underlying data comes from a report by Cambridge Associates and the National Venture Capital Association.
Gains were visible across the quarterly, one-year, three-year, five-year, 10-year and 15-year benchmark periods. According to the report, one-year returns rose to 15.1% from 8.9% in June, and three-year returns were 14.4%, up from 13.5% in June. The ten-year return was 8.6%, up from 7.8%, and quarterly returns stood at 6.5%.
The 20-year time frame was the only benchmark that did not advance. It was reported as essentially unchanged at 30%. The source does not provide further detail on the five-year or 15-year figures.
Gains were visible across the quarterly, one-year, three-year, five-year, 10-year and 15-year benchmark periods. According to the report, one-year returns rose to 15.1% from 8.9% in June, and three-year returns were 14.4%, up from 13.5% in June. The ten-year return was 8.6%, up from 7.8%, and quarterly returns stood at 6.5%.
The 20-year time frame was the only benchmark that did not advance. It was reported as essentially unchanged at 30%. The source does not provide further detail on the five-year or 15-year figures.
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