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“firms are private for longer. They're also being held by…” — Capital Allocators – Inside the Institutional Investment Industry at 20:15

“firms are private for longer. They're also being held by their owners for longer. If you own a private, you can tell it to someone else who's private. Few of these go public. The public firms come out of VC, not out of PE. PE is not a breeding ground for public firms. It's a place for concentrated”

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