LP-Backed Lending Emerges as Alternative to 60% Discounted Secondaries in Venture Exit Drought
Turbine's new credit mechanism lets limited partners borrow against illiquid venture positions without selling at steep discounts. The solution targets family offices holding tens of millions across asset classes, addressing a liquidity gap as companies like SpaceX stay private for 24 years before potential IPO. Traditional banks cannot properly value portfolios of 15-20 pre-profitable companies, creating demand for specialized lending.
ViaNews Editorial Team (Finance)•