Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SunAmerica Cuts Back on Venture Funds Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, June 29, 2001

SunAmerica Cuts Back on Venture Funds

Reported by InvestmentWires Staff, 

The venture capital market is not the savior for asset management firms and fund firms that some may have thought. The latest to put its venture activities on hold is AIG's SunAmerica.

SunAmerica Ventures' director Troy Fukumoto told VentureWire that the firm has called a halt in making new investments as a a limited partner into VC funds and that the firm has substantially slowed its direct investments in companies.

Rather than committing money to new companies, the firm is paying closer attention to existing companies in its portfolios.

The firm has also rejected making new investments in some of the 30 venture funds in which it is already a venture partner. Among the funds in which it has made investments are: Azure Capital Partners, Bowman Capital, Draper Fisher Jurvetson, DynaFund Ventures, Francisco Partners, General Atlantic Partners, The Goldman Sachs Group, Highland Capital Partners, Idealab Capital Partners, the Intel 64 Fund, KKR, Sevin Rosen Funds, Sierra Ventures, Smart Technology Ventures, Summit Partners, Technology Crossover Ventures, Texas Pacific Group, Thomas Weisel Partners, VantagePoint Capital Partners, and Whitney & Co. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use