Investors are queuing up to withdraw assets from SkyBridge Capital’s flagship hedge fund amid the current market downturn, according to a report by The New York Times.
Private asset repricing could help to alleviate some LP allocation pressures, spark a slowdown in exits and drive a resurgence in secondaries activity.
Princeton, Harvard and Yale generated robust returns for their endowments in recent years, fueled in part by billions of dollars of investments in private equity and venture capital. That golden era appears to be over, at least for now.
Further proving that venture investors have more dry powder than ever before, this week started with a flurry of venture capital fund close announcements across sectors and stages.