(Reuters) Sequoia Capital has lowered management fees in its two recently-launched venture funds as it braces for a slower investment environment, partner Alfred Lin said on Thursday.
The changes in fee structure, communicated to investors in December, allow limited partners (LPs) who committed capital to Sequoia’s crypto and ecosystem funds launched early last year to pay management fees based on capital deployed, rather than the common model of capital under management that applies to other Sequoia funds.
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