This is just an idea, but I suspect taking the tax benefit of writing the investment off in Year 1, compared to blocking the sale and getting a 1x return (maybe

This is just an idea, but I suspect taking the tax benefit of writing the investment off in Year 1, compared to blocking the sale and getting a 1x return (maybe) in 2-3 years (or more), actually has a negligible effect on the fund's IRR.