Volition’s Larry Cheng on trying to raise a fund right now: “All of the LPs felt more constrained”
Last month, Volition Capital, a 13-year-old, 30-person Boston-based growth equity firm, announced it has closed its fifth fund with $675 million in capital commitments, bringing its total assets under management to $1.7 billion. While most VCs will tell you they had no problem raising their newest fund, Volition cofounder Larry Cheng — an alum of…