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The recent (circa ~15 years) stock market boom has driven this. Their LPs are sitting their wondering "ya sure you got us a 100x return on investing in Facebook
by mbesto 5y ago
The recent (circa ~15 years) stock market boom has driven this. Their LPs are sitting their wondering "ya sure you got us a 100x return on investing in Facebook in 2006, but if you woulda kept your position when it IPO'd, it woulda been a 500x position".
The market is driving this decision - there really isn't anything magical or bold about this.
- deleted 5y ago[deleted]
- hkmurakami 5y agoWouldn’t they do an in kind distribution? In which case it’s on the LPs to keep their positions.