How to reproduce:
1. Open the project “IN_23247”
2. Open “TestScene” in Scenes
3. In Hierarchy select “New Sub Scene“ Scene
4. In Inspector press “Open”
5. Drag and drop “New VFX” Visual Effect Graph to “New Sub Scene” in the Hierarchy
6. Repeat step 3 and in the Inspector press “Save”

Expected result: editor doesn’t crash
Actual result: editor crashes

Reproducible with: 14.0.3 (2022.2.0a15, 2022.2.0b15), 15.0.1 (2023.1.0a20)
Not reproducible with: 12.1.8 (2021.3.14f1), 13.1.8 (2022.1.23f1), 14.0.2 (2022.2.0a14), 14.0.4 (2022.2.0f1)
Couldn’t test with: 2020.3.42f1 (compiler errors)

Reproducible on Windows 10 Pro

Stack Trace:
0x00007ff70964748d (Unity) VFXManager::Update
0x00007ff70963d161 (Unity) {{VFXManager::InitializeClass'::}}2'::PostLateUpdateVFXUpdateRegistrator::Forward
0x00007ff70896b50a (Unity) ExecutePlayerLoop
0x00007ff70896b693 (Unity) ExecutePlayerLoop
0x00007ff708971815 (Unity) PlayerLoop
0x00007ff7098ff7bf (Unity) PlayerLoopController::InternalUpdateScene
0x00007ff70990c1fd (Unity) PlayerLoopController::UpdateSceneIfNeededFromMainLoop
0x00007ff70990a5f1 (Unity) Application::TickTimer
0x00007ff709d8e13a (Unity) MainMessageLoop
0x00007ff709d930b0 (Unity) WinMain
0x00007ff70b158bae (Unity) __scrt_common_main_seh
0x00007ffdbe5b74b4 (KERNEL32) BaseThreadInitThunk
0x00007ffdbfcc26a1 (ntdll) RtlUserThreadStart