George Gaprindashvili / 17 hours ago
Continuing our quarter-end coverage of PE, VC and M&A activity in 3Q 2015, here we take a look at the venture side of things. Venture capital invested globally increased for a second straight quarter, from $25.6 billion in 1Q to $30.1 billion in 3Q, while deal count fell for a second straight quarter, including a major drop from 2Q to 3Q (down 24%). Exit activity also continues to decline. Quarter-over-quarter, completed exits slipped by 22% in 3Q, while capital exited dropped by 37%. Valuations, of course, are flying high; but not just at the late stage. The median Series B valuation in 3Q—$58.6 million—jumped 65% from the same quarter last year. For a breakdown of global VC activity in 3Q, check out our datagraphic below.
Odey's Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World's total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter's macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha Read More