Patent-holding giant Intellectual Ventures (IV) has been making the rounds seeking investors for a new patent-purchasing fund, according to a Reuters report.

The company is apparently out of money, having spent the $6 billion it has raised since its inception in 2000.

For the time being, it has stopped buying new patents.

According to the material IV gave to prospective investors, which were reviewed by Reuters, the company has achieved average return of 16.2 percent on the first patent fund it put together in 2003.

Its second fund, completed in 2008, has achieved an average return of 2.5 percent.     

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