Recent developments in the private equity markets are extremely encouraging for our clients who hold shares in companies that expected to IPO in the last few years. , but couldn't because of market conditions.
While exchange funds for private equities have existed for quite some time, (ex. the fine people at EB Exchange Funds seem to be doing a solid job providing that option) diversification isn't liquidity. And what liquidity options did exist, were limited to large blocks of equity.
Now companies like secondmarket and SharesPost seem to be making liqudity a possibility at a much lower level of shares than before.
Here is a NY Times article profiling Second Market.
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