Xavier Van Hove

Private markets have too often marked to myth. Several events - from redemptions to NAIC changes - are likely to force an increase in things being marked to market, with significant impact

Most of our clients live in that world already, with 20-50% growth typical (and yes, some go well beyond that). But if you think that’s a comfortable place to be, you’d be wrong. Sustaining that level of growth while maintaining enough cash is incredibly hard. And ironically, that growth still isn’t fast enough for most VCs - so their doors stay shut. Banks won’t even pick up the phone. I understand the VCs’ logic: they already have companies growing faster in their portfolio, so that’s...