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It's a wrap: ABS closes $400M VC fund.(ABS Capital)(Brief Article)(Statistical Data Included)
While many venture capitalists are hiding under their blankets, ABS Capital has made raising money during this nasty storm look like a walk in the park.
The investment firm has closed a fourth VC fund, worth more than $400 million. The Baltimore-based firm has offices in McLean, and has invested in several Washington-area companies.
Stephanie Manuel, a principal at ADS, says the company's experience and its consistent returns in a down market were keys to raising this fund.
"We had some pretty entrenched, repeat limited partners" who invested in this fund, Manuel says. "A lot of people want to sit back and watch their portfolios. But where we are is …
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