Secondary Market Transactions for LP Interests
Selling private fund stakes shifted from distress signal to routine portfolio management.
Editor at Large
Ravi Quist covers lp management, fundraising operations and venture funding landscape for Venture Capital Letters.
15 stories
Selling private fund stakes shifted from distress signal to routine portfolio management.
LPs are shifting focus from projected returns to actual cash distributions as exits stall.
Run fundraising as a pipeline, not a sequence, to create real investor competition.
Startups and nonprofits need vastly different fundraising timelines and milestone structures.
Standard CRMs fail investor pipelines because relationships loop back, not close in straight lines.
VC exits doubled in 2025, but structural shifts are reshaping how founders access liquidity.
AI hiring tools trained on skewed venture data risk perpetuating funding gaps.
AI startups captured 61% of global venture capital in 2025.
Venture funding surged 30 percent in 2025, but concentrated in AI while deal count fell.
Carry structures and waterfall mechanics determine who wins when PE funds perform.
GPs who miss warning signs in portfolio data end up writing off millions they could have saved.
Honest updates build trust with investors far faster than silence or spin ever could.
How to structure board meetings so you stay in control.
Most VCs now use AI to screen thousands of deals annually.
Leverage your investors' networks as a high-trust business development channel most founders ignore.