Three LPs reveal why they say 'no' to VCs – and why one said 'yes' despite poor returns

Three major LPs in impact funds took to the stage in Stockholm last week to discuss what makes – or breaks – a VC pitch.

From single-GP structures to all-male teams and underperforming funds, Impact Loop has the lowdown on what these LPs consider when opening their wallets.

"If it's a manager with no experience whatsoever, that's the easiest no," said Søren Thinggaard Hansen, senior partner and head of private equity at Novo Holdings.