Groupon Backer NEA Debuts New $2.3B Venture Capital Fund

Law360, New York (March 26, 2012, 7:25 PM EDT) -- Venture capital heavyweight New Enterprise Associates Inc. is looking to raise $2.3 billion for a new investment fund this year, the technology-focused Groupon Inc.-backer revealed in a regulatory filing Monday.

A team of a dozen NEA general partners will run direct the new fund, New Enterprise Associates 14 LP, which is being formed in the Cayman Islands, according to a report the fund filed Monday with the U.S. Securities and Exchange Commission.

The fund will primarily conduct business from NEA's Timonium, Md., office. The firm also...
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