Patient capital, impatient founders
Funds want longer holds. Founders still want a mark. The gap is the story.
By Aston Kennedy · 6 min read
Section
Investment
3 stories on the desk.
Secondaries grow up
Private shares are trading with fewer apologies. Pricing is still the hard part.
By Aston Kennedy · 4 min read
The letter that moved the meeting
One quarterly note did more than the slide deck. LPs are reading the risks section first.
By Aston Kennedy · 5 min read
