8/4/2006
风险基金规模创五年来新高
在donews上看到《美二季度风险投资额63亿美元 创四年来新高》。从美国国家风险投资协会National Venture Capital Association(NVCA)网站，找来相关的数据：今年Q2，50家风险投资基金总额为112亿美元，是2001年Q1以来的最高水平；35家Buyout & Mezzanine基金总额为308亿美元。
|
| Venture Capital
| Buyout & Mezzanine
|
| Year
| Number
of Funds
| Venture
Capital($M)
| Number
of Funds
| Buyout &
Mezzanine($M)
|
| 2002
| 171
| 3,847.7
| 88
| 25,731.1
|
| 2003
| 144
| 10,680.2
| 92
| 39,310.4
|
| 2004
| 201
| 18,253.3
| 134
| 50,953.1
|
| 2005
| 202
| 16,530.8
| 175
| 94,669.7
|
| Q1 2006
| 64
| 6,762.5
| 46
| 23,575.0
|
| Q2 2006
| 50
| 11,210.1
| 35
| 30,808.7 | 数据来源：National Venture Capital Association
注：表中2005年前的数据，与去年NVCA发布的略有差异。 |
NVCA的主席Mark Heesen表示，这一季风险投资基金的暴涨，很大程度上由几家大基金引起（Oak Investment Partners XII已达25.6亿美元，是迄今最大的风险投资基金）。这反映出如今许多公司需要更多的钱，上市前要走更长的路，大基金打算支持这些公司从萌芽直到基金退出（大多数的时候希望是IPO）。
准备打持久战了。
补充：
- 关于Buyout & Mezzanine见《Venture Capital Glossary》：
- Definition buyout
buyout - Buyout is defined as the purchase of a company or a controlling interest of a corporation's shares or product line or some business. A leveraged buyout is accomplished with borrowed money or by issuing more stock.
- Definition mezzanine financing
mezzanine financing - Mezzanine Financing is a late-stage venture capital, usually the final round of financing prior to an IPO. Mezzanine Financing is for a company expecting to go public usually within 6 to 12 months, usually so structured to be repaid from proceeds of a public offerings, or to establish floor price for public offer.
- Definition mezzanine level
mezzanine level - Mezzanine level is a term used to describe a company which is somewhere between startup and IPO. Venture capital committed at mezzanine level usually has less risk but less potential appreciation than at the startup level, and more risk but more potential appreciation than in an IPO.
- buyout fund，收购基金。 Mezzanine fund，后期/中间/夹层资金。
- 《收购基金:“嗜血”的伪VC》
laolu's blogPhotosProfileFriends
Tools 
