How LPs Use Fund-Level Insurance to Mitigate Venture Risk

Lucas and Luna explore a little-known but increasingly important tool for limited partners: fund-level insurance. They break down how policies like 'management liability' and 'key person' coverage work in venture capital, why large LPs like CalPERS now require them, and what happens when a fund's GP dies or a portfolio company gets sued. Specific examples from the 2025-2026 vintage years show how insurance premiums affect net returns and why some fund managers push back on policy costs. A must-listen for any LP evaluating GP risk management practices. #FundLevelInsurance #LiabilityCoverage #KeyPersonInsurance #VentureRisk #LimitedPartners #VentureCapital #GPRisk #CalPERS #FundEconomics #PortfolioRisk #Underwriting #Finance #Investing #FexingoBusiness #BusinessPodcast #TheVentureCapitalInvestorPodcast #LucasAndLuna #RiskMitigation Keep every episode free: buymeacoffee.com/fexingo