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The World After Capital (with Albert Wenger)

Newcomer Podcast

CHAPTER

The Rise and Fall of Climate Funds

Eric Newcomer: You think in the venture world, like some of these mega funds are going to go away. Albert Wagner: What happened is that all the very large funds put out a huge amount of money in 21 and then immediately came back to the trough in 22. He says there just isn't money around because if you combine the fact that big LPs are overexposed with the denominator effect, meaning their public holdings are down,. There's just not a lot of money to go around for the smaller funds.

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