Tuesday, April 28, 2009

New Enterprise Associates Ups Fund To $2.1 Billion

Menlo Park-based New Enterprise Associates has now raised $2.15 billion in its latest fund, New Enterprise Associates 13, according to a regulatory filing by the firm Monday. According to the filing, the fund has now gained commitments for $2,152,425,000 out of a $2.5 billion target. NEA's last fund was also $2.5 billion, and was closed in 2006.