With apologies to William Shakespeare, some deals are born with long holding periods, some deals achieve long holding periods, and some deals have long holding periods thrust upon them. Over the next three years, your GPs will likely spin their performances using the first two explanations, when the reality will most resemble the third.
Know when to hold
The specter of time is haunting private equity real estate, as every stage of the investment process is now likely to take longer than before.
