Stripe investor Tiger Global looks to cash in part of $40bn portfolio of private companies

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Technology-focused hedge fund aims to return money to investors by tapping secondary market via IrishTimesBiz

The decision to try to tap the private equity secondary market to generate cash highlights a growing problem private investment firms are facing: how to return money to their backers. Sources told the Financial Times that other large venture capital firms have also been studying similar sales of parts of their private portfolios.

Globally, the amount of money raised through IPOs in the first quarter of this year fell 61 per cent to $21.5 billion against the same time period last year. The secondary market has become an increasingly popular tool to help firms return cash to their investors while public markets have been shut. It can also enable firms to hold on to private companies they own for longer periods than a typical fund structure usually allows.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 6. in BR

Brasil Últimas Notícias, Brasil Manchetes