Chloe Dagnell speaks with Pitchbook on VC Fundraising landscape from an LP perspective

Read the full article here on PitchBook.

While overall VC fundraising remains subdued, the gap between emerging and experienced managers is beginning to narrow. In her recent conversation with PitchBook, Chloe Dagnell of Isomer Capital shared insight into how LP thinking is evolving and where conviction is starting to rebuild.

The article highlighted how LPs are becoming increasingly sophisticated in how they think about outperformance. There is a growing recognition that outsized returns are more likely to be generated by nimble, specialist managers willing to take early bets with a far greater chance of achieving a 5x return in a $50 million fund than in a $10 billion vehicle.

“We’re seeing green shoots largely driven by AI,” Chloe noted, pointing to artificial intelligence as one of the key forces attracting fresh LP capital into venture.

She also highlighted the growing momentum behind solo GPs and micro-funds, many of whom are former operators and deeply embedded in their respective ecosystems. These smaller funds are increasingly able to participate alongside established managers while remaining agile and founder-aligned.

At the same time, Chloe noted the continued polarisation of the market with spinouts from top-tier firms raising rapidly, while fundraising remains challenging for much of the field.