BioCentury
ARTICLE | Finance

NEA nabs $2.6B

New Enterprise Associates closes $2.6B healthcare, IT, energy fund

July 30, 2012 7:00 AM UTC

Venture fund New Enterprise Associates parlayed solid returns from a long-term, diversified investment strategy into a new $2.6 billion fund.

The prior fund closed at $2.5 billion in 2009. In fact, four of the last five NEA funds closed at around $2.5 billion...