Seasoned Tail-Ends
Most private equity funds have a targeted life of ten to twelve years. However, many funds continue to hold portfolio investments after the twelve-year period. Given the relatively small number of companies remaining in the partnership past the peak harvest period (years four through seven), many investors and general partners seek liquidity to avoid the inefficiency associated with monitoring/reporting on these small, tail-end portfolios. The General Partner will actively pursue these relatively mature and highly underwriteable assets.