The firm today revealed in an SEC filing that it already has secured more than $2 billion for NEA 14, which began being marketed earlier this year with a $2.5 billion cap. A source familiar with the situation says that plans are to hold a second close within the next two months and then a final close in early July on the $2.5 billion figure. NEA is holding its annual limited partner meeting this week, and expects that the fund will end up being oversubscribed.

NEA previously raised $2.5 billion for its twelfth fund in 2006, before scaling back to $2.25 billion for NEA 13 in 2009. Each was just a shade small than the $2.56 billion raised in 2006 by Oak Investment Partners, which is believed to be the industry’s largest-ever investment fund (albeit one it has not been able to replicate).

In a magazine story I wrote about NEA last fall, we reported that six of NEA’s past eight funds were considered top quartile — excluding the 2009 vehicle, which was considered too new to judge.

The firm declined to comment, citing regulatory restrictions.

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