491. How AI Reshapes LP Allocation Strategy, The Convergence of Venture and Buyout, and Permanent Shifts to Liquidity (Lara Banks)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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The Rise of Secondaries: A Permanent Shift in Liquidity
This chapter explores the transformative impact of secondary markets on private equity and venture capital, suggesting a long-term change in liquidity dynamics. It discusses the growing similarities between venture companies and buyout firms, along with the shifting landscape of exit strategies for investors.
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