VC Funds Raise $1.6B in Q2

Thirty-two venture capital funds raised $1.63 billion in the second quarter of 2003, a slight increase from the first quarter. Venture capital firms also reduced commitments from limited partners by $287.7 million, the second lowest reduction since 2002, suggesting the industry is stabilizing. While venture capital fundraising increased slightly, buyout and mezzanine funds saw a decrease, with 16 funds raising $1.29 billion in the second quarter, a 58% decrease from the previous quarter.