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Mark Heesen, the NVCA's president, said in a statement he expected fundraising levels to remain modest for the rest of the year and slowly increase in 2010.
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But don't expect fundraising to be a picnic for them either.
In 2008, only seven firms closed new funds, and NESTA expects fundraising to be even weaker in 2009.
The group needs more money to keep helping the homeowners and nonprofits that have yet to recover, but Sarah Haneline, a vice president for the group, expects fundraising over the next few years to be difficult, especially because 20percentt of its local donors who give to United Way through their employers are flood victims.
Traders heard vague talk that an expected £11m fundraising at around 70p a share had been postponed, awaiting reaction to a positive drilling update due within the next few days.
Pawlenty's strong favorable rating in Iowa suggests it is far too soon to write off his candidacy, despite expected low fundraising numbers.
We should expect more fundraises and aggressive investing from this group, though some are still waiting on their first GoodBusiness exits.
Don't expect the barrage of fundraising emails to lighten up any time soon, especially if campaigns listen to Rosenkranz and Luidhart.
The proposals will feed into a government-commissioned review of fundraising self-regulation expected to report on 21 September, which will identify changes in fundraising practice and regulation.
Unfortunately, some genuinely bad things happened as well, with fundraising lighter than expected and organizational difficulties, including being suckered into participating in some state convention straw polls.
"You have one candidate that's out of central casting, Conor Lamb, and then you have a candidate on the Republican side who, it was expected, would be lackluster in fundraising".
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