Asset Allocation
Stalled Venture Capital Funds Scramble to Find Cash for Impatient LPs
Lack of exits, as IPOs are infrequent, has VC managers selling part of their stakes to others, but at a discount.
Lack of exits, as IPOs are infrequent, has VC managers selling part of their stakes to others, but at a discount.
Venture capital and private equity boosted their valuations mightily in the past 20 years.
With large valuations for its companies, venture firms are raising a record amount in 2021.
However, Pitchbook warns that growth from alternative investments ‘could be more mirage than oasis.’