Can LPs claw back money? If the market doesn’t look good this year and all of the LPs need to reallocate cash to public markets.. then why would the VCs hang onto it?
None of the computers were wiped, so we had a look around. My friend’s prediction was spot-on: “I bet you’ll find more porn than business plans on them…”
If the market is really bad, you could see LPs start to default on these capital calls. There are consequences to doing this, so this isn't a likely scenario, but it could happen in a worst-case scenario.