They also often have to invest a meaningful amount of their personal wealth in the fund they work for, so that limited partners are assured they have skin in the game. Historically, limited partners have included major pension funds, endowments, and other large institutions. ↑ Konrad, Alex (October 13, 2019). "Sequoia VC Roelof Botha Talks Direct Listings And SoftBank: 'Good Investors Are Shock Absorbers, Not Amplifiers'".