The way funds are structured mean that money out is expected within a ten to twenty year window. Staying private and paying dividends is more of a hundred year

The way funds are structured mean that money out is expected within a ten to twenty year window. Staying private and paying dividends is more of a hundred year window outcome. The reason funds are structured this way is that it gets complicated to pay out things like bonuses or to do estate planning when so much capital is uncertainly tied up in a single, illiquid entity. Divorce happens, tax rates change, people reasonably want their money.