Quote:
Originally posted by I like Pooh
I've also heard that the fund groups at a number of law firms have been busy for a while with restructurings, reworking fees, figuring out what to do with defaulting LPs, etc.
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Similarly, I've heard that some LPs have told their VCs not to do another capital call anytime soon because they can't/won't make it now, which would trigger a default.
And then what? In this funding environment, you don't want to go down that road.
