Volition’s Larry Cheng on trying to raise a fund right now: “All of the LPs felt more constrained”

Last month, Volition Capital, a 13-year-old, 30-person Boston-based growth equity firm, announced it has closed its fifth fund with $675 million in capital commitments, bringing its total assets under management to $1.7 billion.
While most VCs will tell you they had no problem raising their newest fund, Volition cofounder Larry Cheng — an alum of Bessemer Venture Partners, Battery Partners and Fidelity Ventures — says that wasn’t his experience when trying to raise the firm’s latest vehicle. In the fourth quarter of last year, he says of Volition’s limited partner

リンク元