61% of LPs believe that VCs are coming back to market to raise money at too quick of a pace - a reflection of anxieties of the over-funding of portfolios How would you describe your fund’s outlook in your existing (VC) managers funding (and fund raising) pace? Managers come back at a normal 24% cadence and it hasn’t changed much Managers have been coming back more 61% quickly than in the past and it concerns us 15% Managers have been coming back more quickly than in the past and we’re fine with this 26 Source: Upfront Survey Jan 2016, 72 LPs.