A lot of sovereign funds could be called "Questionable" since those are funds directly under the control of the Government. Many High Net Worth Individuals set

A lot of sovereign funds could be called "Questionable" since those are funds directly under the control of the Government. Many High Net Worth Individuals set up investing trusts overseas to mask their real income and these funds are usually run by investment professionals who "place" these funds. So, yes it is tough to check the provenance of a funds LPs all the way back to the source. But if you stick to tried and tested sources - ex-founders, Pension Funds, State Funds, College Endowments, Hedge Funds, and suchlike, you're more likely than not - taking funds from a responsible source. Of course, that is not always the case with ALL VCs. Pranay