It both VC and PE firms try to value their investments while still holding equity in companies. This can be a challenge though as these investments are often il

It both VC and PE firms try to value their investments while still holding equity in companies. This can be a challenge though as these investments are often illiquid and there is a lot of uncertainty about the future. Ultimately investors in both kinds of operations want to eventually sell their holdings for cash. It is only at that point that one can truly judge the success or failure of an investment. That's all this is really saying. Vista owns a bunch of stock that will probably be valuable but they won't really know for sure until they turn it into cash.