SOURCE: Athenian Venture Partners
ATHENS, OH--(Marketwire - Aug 1, 2012) - Athenian Venture Partners, a venture capital firm investing in information technology and healthcare companies, announced today that its 2003 AVP Ohio fund has been named the top fund of its vintage by Preqin, a leading provider of data and research on private equity, real estate, hedge and infrastructure funds and other alternative investments.
Based on its 1,669 venture capital funds on file, including 38 funds of the 2003 vintage, Preqin determined that Athenian is currently the highest ranking of the 2003 U.S. venture capital funds in both net return multiple (4.95x) and IRR (31%).
"The performance of AVP Ohio is a testament to the solid performance of our team's portfolio investments, including Manta, Akebia Therapeutics, Comet Solutions and Aerpio Therapeutics," said Karl Elderkin, founder and managing partner, Athenian Venture Partners. "We are committed to finding and working with entrepreneurs to build companies that provide the strongest returns to our investors. We look forward to building upon the success of this fund and our other funds by continuing to execute upon our proven 15 year investment strategy to uncover the rising stars of the future."
About Athenian Venture Partners
Athenian Venture Partners identifies and cultivates intellectual capital in two of the most dynamic market segments: Information Technology and Healthcare. The Athenian team takes a thoughtful approach to investing, doing the rational work upfront with accountability to both its investors and its portfolio companies. With a presence in California, Massachusetts and Ohio, Athenian Venture Partners spans the most interesting technology and healthcare communities to create new investment opportunities others may miss and deliver proven results for the long term.