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Stephen Bosch's avatar

I have long suspected that this kind of creative valuation was rampant. This is a nice analysis!

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David Merkel's avatar

It would be interesting if the PE fund had a provision that whatever assets remained in the fund after 10 years would be auctioned off to the highest bidder. Another possibility would an "in kind" distribution to the LPs. It stinks to see the LPs held hostage by the GPs.

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