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New Enterprise Associates

 

Fund No.

Vintage Yr.

Size ($MM)

Drawn %

POM %

IRR %

 

 

 

 

 

 

NEA V

1990

   199

100

379

31

NEA VI

1993

   230

100

758

66

NEA VII

1996

   311

100

352

69

NEA VIII

1998

   566

100

121

84

NEA IX

1999

   880

  90

   2

11

NEA X

2000

2,323

  18

n/a

n/a

 

POM = Piles of Money; i.e., actual proceeds (distributions of stock or cash)
expressed as a percentage of committed capital.  As of 9/30/01.

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 NEA - New Enterprise Associates (redacted)

         
                                     
                                     
           

NEA Funds Summary

Vintage Year

Fund Size

 Drawndown 

 Distributed 

 Net IRR 

  Holdings   Performance          
                                     
            New Enterprise Associaties II 1981

$45,300,000

100% 189.0%   14.5%              
            New Enterprise Associates III 1984

$126,000,000

100% 130.2%    4.3%              
            New Enterprise Associates IV 1986

$151,500,000

100% 164.0% 12.1%              
            New Enterprise Associates V 1990    $198,950,000 100% 261.5%   31.7%              
            New Enterprise Associates VI 1993    $230,100,000 100% 711.3%   67.2%              
            New Enterprise Associates VII 1996    $310,580,000 100% 252.6%   79.8%              
            New Enterprise Associates VIII 1998    $560,500,000 100% 103.2% 167.7%              
            New Enterprise Associates IX 1999    $879,700,000   75%    1.7%

  n/a%

             
            New Enterprise Associates X 2000 $2,320,000,000  10%    n/a%    n/a%              
                                     
           

Funds II, III & IV as of 3/31; V & VI as 6/30; VII, VIII, IX & X as of 12/31.  

See also:                         

and, for more detail, including:

         
                       
                           
           

nea@InsiderVC.com

         
           

Copyright © 2001 All Rights Reserved

         
           

This page reviewed and/or edited on:

         
            Monday, 21 October 2002 07:14 PM          
                           

other data:

30% carried interest on Fund X, up from 25% in Funds V through IX.
 
At the new larger size, NEA expects to invest Fund X:

Primarily in seed, early and start-up stage companies

85-90% in information technolgoy; rest in medical and life sciences.

$15-20MM each in 100 companies

No more than 10% of the fund in any one company

The firm has invested over $2.1 billion into more than 600 companies over its 22+ year history

The core group of 10 general partners average 13 years with the firm

Partners:

 

Additional:

 

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