Webinar
Inside the LP Mindset: What Cendana Looks for in Fund Managers
Supporting text: Join Visible and Thomas Ikeda of Cendana Capital on September 4th for a candid conversation about what it takes to raise from one of the most respected seed fund of funds. We’ll dig into how LP expectations have shifted, what sets standout Fund I GPs apart, and how to build lasting LP relationships, even in a tough market.
Bring your questions; we’ll save time for live Q&A.
Thursday, September 4, 2025 at 11:30 AM EDT
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Key Takeaways
Inside the LP Mindset
How Cendana evaluates emerging managers and what today’s LPs expect from GPs.
Signals That Stand Out
What gets Cendana excited about a Fund I and what it takes to raise Fund II and beyond.
Raising in a Tough Market
How to navigate liquidity pressures, longer hold periods, and tighter LP capital.
About the Webinar
Thomas Ikeda is a Principal at Cendana, an investor in very early VC funds across the globe. Thomas is joining us for a behind-the-scenes look at what Cendana looks for in fund managers, how LP expectations are shifting, and what it takes to raise and retain LP capital in today’s environment.
We'll cover topics like:
- What separates standout Fund I GPs from the rest
- How Cendana evaluates conviction vs. red flags in fund managers
- How LP <> GP relationships are evolving in a tougher market
- What LPs want to see before backing Fund II
- The signals and strategies that help GPs build lasting LP trust

Hosted by

Mike Preuss
CEO of Visible
Equipping founders and investors with the tools they need to thrive.

Thomas Ikeda
Principal at Cendana
Investing in very early-stage fund managers across the globe.