Emerging market venture funds are underutilising recycling to boost returns: Dave Richards, Capria

Dave Richards, Managing Partner, Capria

Dave Richards is a managing partner at Capria, a global impact investment firm managing multiple funds. The opinions expressed here are his own and do not represent those of DealStreetAsia. 

As a global emerging market fund investor, we evaluate more than 200 VC/PE fund proposals per year across Africa, Latin America, and South/Southeast Asia, and work closely with a global network of 16 fund managers we have invested in. I have found that recycling provisions could be better understood and better utilized across the industry by both LPs (fund investors) and GPs (fund managers).

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