Aging populations prevent pension funds from committing to VC lockups
John Taylor · 20 VC 030: VC Funds, Angels and IPOs with John Taylor, Head of Research @ NVCA · Apr 23, 2015 · at 2:42
John Taylor, Head of Research at the NVCA, explains why pension funds have reduced their long-term commitments to venture capital funds.
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“But with the pensions now seeing aging populations, they're generally not in a position to be doing the 10 to 12 to 14 year lockup, which a venture capital fund typically is. They can't commit to that level time frame of the liquidity.”
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