New Enterprise Associates closes biggest VC fund since 2007 with $2.5bn

New Enterprise Associates, one of the world's largest venture capital firms and an investor in clean technologies, has closed its thirteenth fund with almost $2.5bn in capital commitments, making it the largest venture-focused private equity vehicle to be raised since 2007. The fund represents 17 per cent of all US venture capital funds raised in 2009, and brings NEA's total committed capital to $11bn.