It may be tempting for managers to close on capital as soon as they have it in this quieter funding environment, but that's probably not the best move.
LPs may not have as much cash on hand as before but they may have something more important — time.
The first half of 2022 broke fundraising records at VC firms, but everyone we spoke to expected fundraising to slow by the end of the year. While it is slowing down, it's also getting weird.
Even if things get much worse before they get better, LPs have more reasons than not to stay the course.