There can be a lot of reasons and I’m not sure you can find an answer unless they directly give you one. I would guess that it’s part decorum part attempt to m

There can be a lot of reasons and I’m not sure you can find an answer unless they directly give you one. I would guess that it’s part decorum part attempt to minimise the administrative burden. Many European PE’s operate on a “there is enough money to be made by being fair” sort of motto. This can be because they mean it, but it’s also because not being “evil” it a marketable product to many EU investors (this is likely true outside the EU as well, but I only know about EU markets). Then there is the part where private companies are still responsible for keeping track of ownership, as well as informing them. Even if they plan on letting investors trade on some internal platform it’s still a rather large administrative burden that becomes easier the fewer shareholders they have. This is still just me guessing, but the way I read this it’s a simple message. Investors get a nice out and they’re going to be disappointed if they don’t take it.