Dip in short term US VC performance

Short term US venture capital performance fluctuated at the end of Q1 2005 with a decline in one- and five-year investment horizons and an improvement in the three-year horizon, see Venture Economics table.

Despite the short-term swing, the ten- and twenty-year horizon returns remained constant for venture capital for the period ending March 31, 2005 at 25.4% and 15.6%, respectively. For the same time horizon, buyout funds returned 8.7% and 13% and all private equity continue to outperform both the NASDAQ and S&P500 for the long term with a 12.5% ten-year return.