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These days, it’s not easy to be a limited partner who invests in venture capital firms. The “LPs” who fund VCs are confronting an asset class in flux: funds have nearly twice the lifespan they used to, emerging managers face life-or-death fundraising challenges, and billions of dollars sit trapped in startups that may never justify their 2021 valuations.
Indeed, at a recent StrictlyVC panel in San Francisco, above the din of the boisterous crowd crowd gathered to watch it, five prominent LPs, representing endowments, fund-of-funds, and…
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