Investors in VC funds and shareholders of VC-backed companies are hungry for liquidity, but they have been reluctant to accept the steep discounts on NAV that sellers have been offering. That may be about to change.
At least that’s the hope of Brookfield Asset Management and Sequoia Heritage, Sequoia Capital’s wealth fund, which launched a joint effort called Pinegrove Capital Partners in order to “capitalise on plunging valuations of venture capital-backed companies”, according to a report by the Financial Times.
