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. 

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