How LPs Are Using Fund-of-Funds Strategies in 2026

In this episode of The Venture Capital Investor Podcast, Lucas and Luna explore the resurgence of fund-of-funds strategies among limited partners in 2026. They examine a specific case: Cambridge Associates' $2.1 billion VC fund-of-funds raised in early 2025 and how it evolved from earlier models. The hosts discuss why some LPs are turning back to funds-of-funds after years of disintermediation, how these structures now offer lower fees and specialized access to top-tier venture capital, and what the data says about net returns versus direct commitments. They also break down the trade-offs for institutional investors like pension funds and endowments. Perfect for LPs evaluating portfolio construction or anyone curious about how smart money allocates to venture capital today. #VentureCapital #LimitedPartners #FundOfFunds #CambridgeAssociates #LPStrategy #PortfolioConstruction #InstitutionalInvesting #VCReturns #PensionFunds #Endowments #AlternativeInvestments #Fees #Access #Diversification #DataDriven #2026Trends #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo