FOR IMMEDIATE RELEASE	Contact: Jeanne Lazarus Metzger
April 15, 1999	703-524-2549
NVCA Releases 1999 Venture Capital Yearbook
Arlington, VA - The National Venture Capital Association (NVCA) today released its 1999 Yearbook, the most comprehensive publication available on the venture capital industry. The 1999 NVCA Yearbook, prepared by Venture Economics, contains statistics covering the entire spectrum of investment activity of the U.S. venture capital industry from commitments by limited partners to investments in portfolio companies to exits by IPOs and mergers and acquisitions. In addition, it provides research on private equity and venture capital industry rates of return and post-IPO public market performance of venture-backed companies. Detailed statistics are provided on fund management and company investment by state, stage, and industry. Some comparative data is provided on European and other world-wide markets. The Yearbook describes the record $25.3 billion raised by the U.S. venture capital industry in 1998, which brought year-end capital under management to $84.2 billion, also an all-time high. More than half of the new capital was invested by pension fund managers. Venture capital funds invested a record $16.7 billion in over 2,800 companies. "Venture capital itself is a relatively small part of the U.S. economy. However the high-growth companies it creates are the core of today's technology boom and job creation. The 1999 Yearbook provides statistics and analysis which are generated from the industry's most complete survey and research coverage," said Harry T. Rein, NVCA Director, and chairman of its Research Committee. The National Venture Capital Association (NVCA) represents over 300 venture capital and private equity firms. The NVCA was established in 1973 to foster a better understanding of the important impact venture capital has on the U.S. economy and to stimulate the flow of private risk equity capital to developing companies. Today, the NVCA is the venture community's leading source of advocacy, networking, professional development and information. NVCA's affiliate, the American Entrepreneurs for Economic Growth (AEEG), is the largest nationwide network of emerging growth companies focusing on public policy affecting fast growth enterprises. AEEG represents approximately 12,000 CEO's of emerging growth companies. For more information, visit www.nvca.org. VentureXpert is the official database of the NVCA. VentureXpert is provided by Venture Economics, a division of Thomson Financial Securities Data (TFSD). TFSD is a new combination of three premier financial data and research providers, The Investext Group, Securities Data Company, and CDA/Spectrum. For more information about this exciting new organization, visit our Web site at www.tfsd.com. Copies of the 1999 NVCA Yearbook are available immediately from the NVCA (703-524-2549, www.nvca.org). Media contact: Jeanne L. Metzger. Ordering contact: Allyson Chappell.