"The sky is not falling. It’s only fair to charge fees on called capital. Sequoia has high fees to begin with, and, after some bad press, they are now bringing their fee structure in line with market standards in a couple funds, like Crypto. This is in part because they don’t plan to deploy the funds quickly."

Thanks for your insight. The ill-informed will misconstrue

How much they had before ?

They did not reduce fees. They changed the timing of collecting fees.

Thanks !