VC firms manage 13% more capital in '05

In terms of the number of companies in which each fund had invested its capital, Star Ventures led with 185 enterprises, followed by Vertex Capital funds with 118, and Evergreen with 101.

By DANIEL KENNEMER
March 15, 2006 07:00
1 minute read.

Israel's 26 leading venture capital firms together managed $11 billion in aggregate capital at the end of 2005, fully 13 percent more than the $9.7b. in their care one year before, Dun & Bradstreet Israel said Tuesday. Pitango led the list, with roughly $1b. in aggregate capital under its management, followed by Star Ventures with $991 million; Markstone Private Equity Fund with $800m.; Apax Partners with $740m. in Israel; and First Israel Mezzanine Investors (FIMI) with $720m. Jerusalem Venture Partners came in sixth with $680m. in aggregate capital in its control, followed by Evergreen with $650m.; Vertex Capital Funds with $600m.; Gemini Israel Funds with $550m.; and Genesis Partners with $520m. Despite the increased funds managed by domestic venture capital players, the total amount invested by both Israeli and foreign venture capital sources in Israeli technology fell 8% to $1.34b., Dun & Bradstreet said, citing Israel Venture Capital Research Center data. In terms of the number of companies in which each fund had invested its capital, Star Ventures led with 185 enterprises (up from 174 in 2004), followed by Vertex Capital funds with 118 (up from 110), and Evergreen with 101 (up from 96). Pitango invested in 67 companies. The top 10 venture capital funds as a whole invested in a total of 737 companies, down from 770 in 2004, D&B said.


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