Menlo Park's NEA Closes 14th Fund at $2.6 Billion

Menlo Park, Calif. -- New Enterprise Associates (NEA), the Maryland-based venture capital firm with West Coast operations based in Menlo Park, said on Wednesday it has closed its 14th fund at $2.6 billion -- one of the largest venture funds ever raised. The fund -- NEA's third straight of at least $2.5 billion -- increases the firm's total committed capital to more than $13 billion. It last closed a fund in Jan. 2010. NEA said it will continue its strategy of investing in information technology, healthcare and energy technology companies. In IT, its focus includes enterprise software and systems, education, consumer technology and digital media. NEA initially had closed the fund at $2.1 billion in May, when it began to make its initial investments.
http://www.nea.com
http://www.nea.com/ViewDocument.aspx?f=PUFY_NEA13_010610_FINAL.pdf (PDF)