Monday, October 19, 2009

New Enterprise Associates Hits $2.45B In Committments

The latest venture capital fund from New Enterprise Associates, New Enterprise Associates 13 LP, has reached 2.457 billion in commitments, according to a regulatory filing from the firm today. The amount is up from $2.15B committed to the fund in April. According to the filing, the firm is still targeting $2.5B for its latest fund. NEA's last fund closed in 2006.