Hopes Dim for Success of 2021-Vintage Venture Funds

Venture-capital funds that began investing during the 2021 boom have been in trouble for a while.

- BY YULIYA CHERNOVA

Now they risk becoming a permanent disappointment because of poor returns.“It’s safe to say it is going to be an underperforming vintage,” said Theresa Sorrentino Hajer, head of U.S. venture-capital research and partner at Cambridge Associates, a