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But even with market conditions presenting an obstacle, the smooth capital-raising effort should come as little surprise given Matrix’s track record. The firm runs some of the venture capital industry’s top-performing portfolios of all time, with its 1998-vintage fifth fund posting a 515% rate of return as of midyear 2008. The vehicle’s 1995 predecessor was returning 218.3% as of March 31, 2009, according to Preqin.
