How Venture Capital Is Going Direct With LPs

Episode 12 of The Venture Capital Investor Podcast examines the rise of direct investments by limited partners — where large institutional investors bypass VC funds entirely and invest directly into startups. Hosts Lucas and Luna break down why pension funds and endowments are building their own in-house deal teams, how the model works at firms like the Canada Pension Plan Investment Board, and what this shift means for traditional venture capital. They explore real numbers: CPPIB's $9 billion direct investment portfolio and a 2025 study showing LPs doing direct deals see 2-3% higher net returns. Essential listening for anyone considering a career in venture capital or allocating capital as an LP. #VentureCapital #DirectInvesting #LPs #InstitutionalInvesting #CPPIB #PensionFunds #Endowments #StartupInvesting #DealFlow #GPAndLP #PortfolioConstruction #AlternativeAssets #PrivateMarkets #Finance #Investing #FexingoBusiness #BusinessPodcast #CapitalAllocation Keep every episode free: buymeacoffee.com/fexingo