Venture Fundraising Speeds Up Amid LP Constraints and Portfolio Concentration

Investors report faster fundraising cycles, shared exposure to OpenAI and Anthropic, smaller LP commitments, and more secondary sales for liquidity, describing concentration as a caution rather than an immediate alarm. Creandum’s reported $750 million eighth fund and expansion of its San Francisco team add a fund-formation signal; performance and the durability of these trends remain unproven.