@HarryStebbings Accurate. Fundraising not for the faint of heart right now and Q1 25 looking like a major log jam. Seeing it in every asset class, not just VC.
@jefielding Once you’re already wealthy, it makes less and less sense to allocate to VC. You don’t need convexity / don’t need to maximize potential upside and PE is MUCH easier to make a positive return.