Venrock has closed its latest fund on $450 million in commitments. It reportedly will make eight to 10 investments per year and save enough capital for follow-on investments. The firm's last fund, Venrock Associates Fund VI, raked in $350 million in 2010. Venrock completed a couple deals in July, participating in Dstillery's $24 million Series C round, as well as CTERA Networks' $25 million Series C financing. This is the firm's fourth fund to close at or above $450 million; its largest was Venrock Associates III, which closed at $656 million in 2000.