Prism’s Latest Fund Hibernates

5/13/09

Prism VentureWorks in Needham, MA, has given up for now on fundraising for its sixth venture fund, PE Hub reported this morning. The firm had hoped to raise $275 million for the fund, but expected commitments from large institutional investors such as the New York School Teachers’ Retirement System and the New York City pension fund haven’t materialized, according to the report. Prism told PE Hub it still has money to invest from its $250 million fifth fund.

Wade Roush is a contributing editor at Xconomy. Follow @

By posting a comment, you agree to our terms and conditions.