Long-term returns so far remain untouched.
Third-quarter returns slipped into negative territory and one-year returns retreated from a mid-year peak, according to data released Wednesday by Cambridge Associates and the National Venture Capital Association.
Meanwhile, 10-year returns rose, as did the 15-year payback, the data show.
There is little doubt the near closing of the IPO window contributed to the rough patch.
Here are the details:
- Third quarter returns of -0.7% fell from 7% in the second quarter.
- One-year returns pulled back to 20.9% from 26.3% in the second quarter.
- Ten-year returns rose to 2.6% from 1.3% and 15-year returns edged up to 31.7% from 30.9%.
Below is a chart of one-year returns. A press release with the numbers is available on this Web page.