Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Private equity funds’ cash distribution collapse has led some institutions to pause additional investing into illiquid asset classes. These asset classes have been experiencing their worst level of investment exit volumes in a decade. The cash drought will prolong the recovery in private investments, damaging existing asset owners and founders, but benefiting opportunistic investors.

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