Moved to a VC firm in Asia some time ago, and noticed that it's quite hard to find serious LPs to fundraise from. Family offices are notoriously difficult to connect to, and even if you do connect to them, check sizes are way below what we'd take. On the institutional side, it seems like most LPs in Asia are pension funds / corporates - and money is hard to compete for. Especially since corporate venture arms turn to direct investments over time.
Would appreciate it greatly if anyone could point me to fund of funds located in Asia investing in VC - haven't had much luck finding any.
Thanks in advance!