Venture Capital Funds Now Model 18-Year Lifecycles as Exit Markets Stall
Institutional investors like Makena Capital now model 18-year fund lives with most capital returning in years 16-18, up from the traditional 10-year structure. The shift reflects stalled exit markets and longer paths to liquidity, forcing LPs to recalibrate return expectations. Meanwhile, platform funds retreat from consumer investing as specialized sector funds maintain deployment.
ViaNews Editorial Team (Markets)•