The reasons they are trying have been laid out:
-publics more and more competitive
-LPs hungry for something unique
-fees fees fees
So why are their efforts failing?
They have great data on public companies. Private companies are a different story.
We’ll come back to that.
This is meaningful issue for public investors.
Rejected by the host
(Need for more patience.)
To be clear, I wish I were. It would be great for us if they were successful and brought more investors into the market.
I think the question is when, not if.