I’ve written in the past on the difference between public and private investment valuation, and how the lack of a daily mark to market “smoothes” returns on unlisted investments.
Have a client trying to sell LP units… this quarter the fund was able to met 0.48% of redemptions. The investors are trapped, even in this benign environment. If public markets decline and interest rates rise, the eventual losses will be catastrophic.
Have a client trying to sell LP units… this quarter the fund was able to met 0.48% of redemptions. The investors are trapped, even in this benign environment. If public markets decline and interest rates rise, the eventual losses will be catastrophic.