Most people I talk to agree that tech buyouts are in a tough spot right now. Yet, LP $s continue to flow into re-ups with these same managers. In other words:
Tech buyouts have historically been the “safe” bet within private markets. To use a real estate analogy: it’s the good house, on an ideal street, with a reliable stream of buyers. Venture, in contrast, was always the undeveloped lot on the other side of town…until recently. READ MORE
