Unable to Raise New Funds
Fund: Windward Ventures
Posted by jerry3061 on 2009-12-06
From Xconomy / San Diego (http://tinyurl.com/yk3mb27)
Titus says Windward raised its last venture fund in 2000, and the firm made its last new investment from that fund in 2007. Since then, Titus says, “We’re managing our [existing] portfolio of companies—like many others.” And for at least the past two years, Windward has been unable to raise a new fund from pension funds, college endowments, and other institutional investors. As Titus put it, “The meltdown in the public equity markets and the global economy has really shut that door tight.”
