The Thomson Reuters Post-Venture Capital Index (PVCI), fell to 885.61 at the end of June, down slightly from 901.16 the month before.
In recent months, the PVCI has steadily climbed. It stood at 913.48 on March 31, which was up from 890.81 on Feb. 28.
The Index at the end of June was comprised of 403 companies, and of the stocks tracked by the PVCI, 147 gained in value while 256 declined.
Separately, the 403 companies in the PVCI had a market capitalization of more than $642 billion as of June 30, down 1.8% from the $654 billion value the month before.
The PVCI tracks VC-backed stocks beginning at the point of going public. It is a market-valued index that measures the performance of public stocks of companies that have received financing from a U.S. venture capital firm or buyouts limited partnership prior to going public.
Companies remain in the index for 10 years from the IPO date or until price data is no longer available, they are acquired or removed from a publicly traded exchange.
The index is calculated daily and does not take into account dividends. It began in January 1986 with an initialized index value of 100.