Last month, based in Chicago Chalo Ventures has crossed 100 LPs. For founder and general partner Haris Khurshid, it was a notable milestone towards the company’s goal of reaching 1,000 LPs, a number that would probably make most legacy investors wince.
But while there are a number of potential upsets or problems that come with having a larger LP base—more people mean more opinions, after all—it appears that newer funds are raising cash from more LPs— than ever before. But not always by choice.