The Ledger
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StepStone: Venture funds have marked down portfolios by 15% to 20%
“I think we looked on average funds have come down around 19% on the venture side somewhere between 15 and 20, I would say, is, is what we've typically seen.”
Somerville: Depressed IPO and M&A markets force creative secondary liquidity
“And particularly in an environment like the one we have now, where other liquidity options are more limited. You're not seeing companies go public, you're not seeing strategic M&A as a robust of a clip, and so they need to think more creatively about getting l…”