INVESCO Closes VC Fund

December 3, 2001 ( - INVESCO Private Capital, a New York-based venture capital and private equity firm, announced Monday that it is closing the INVESCO Partnership Fund III - bringing to $2.0 billion the assets raised in limited partnerships since 1997.

Among the limited partners investing in INVESCO Partnership Fund III are public funds, endowments and foundations, corporate pension plans, and high net worth individuals.

With the closing of INVESCO Partnership Fund III, INVESCO Private Capital has raised a total of $1.2 billion over the past five years in its three fund of funds products.  Additionally, INVESCO Private Capital has raised close to $900 million in direct funds over the same time period.

The INVESCO Partnership Fund III will make commitments of $300 million over the next two to three years to private equity partnerships in the following sectors:

· Venture Capital
· US buyouts, and non-US venture and buyouts on behalf of more than 30 limited partners