interest in funds with strong track records

The question is to what degree LPs are beginning to relax their purse strings, and despite today’s spate of funding news, the answer is far from clear.

Steph Choo, a partner at the venture firm Portage, maintains that it’s still a “tough fundraising environment.” She thinks what we’re seeing is the result of continued interest in funds with strong track records and distributions to paid-in capital.

Karim Gillani, general partner at Luge Capital, agrees with the sentiment. Limited partners “will continue to back the fund managers they believe can not only select those companies consistently, but can get into those deals when they’re competitive,” Gillani said via email.