This episode is also available as a blog post: https://10leaves.ae/publications/difc/venture-capital-fund-lifecycle
Venture capital funds typically have long tenures, beginning the first closing and running for 8-10 years. Fund managers usually seek pre-determined extension periods (2-3 years for example) to allow them for a smooth exit from all investments.
Early termination is also possible, based on certain trigger events.
The lifecycle of a venture capital fund comprises:
