The secondary market for limited partner interests in venture capital funds has witnessed robust growth in recent years as an increasing number of existing venture fund investors seek an early exit from their positions for one reason or another (e.g., liquidity needs, portfolio rebalancing, end of their own term, etc.).  That demand for an early exit has been met by an equally robust growth in secondary capital looking to acquire existing interests at a discount.  For the most part, the secondary market has operated pretty efficiently as many venture funds…