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Yep - it's more common to see a multiple for recycling in the sense you can recycle money 1.25x, after which the money goes back to the investor. This is gener
by robk 16y ago
Yep - it's more common to see a multiple for recycling in the sense you can recycle money 1.25x, after which the money goes back to the investor. This is generally done to provide liquidity to investors. Many investors prefer liquidity, nothing more or less.
- danshapiro 16y agoThanks, that's great info! One of the funds (arguably two or three, depending on definitions) in my last company was structured as an evergreen fund. It's a good model, but tends to be common in funds that only have one LP.