Finish Line

A banner year for exits in private tech growth asset class

IPOs may steal all of the headlines, but when it comes to the liquidity of venture-backed tech companies, M&A exits remains the bread and butter of the industry. In 2016, that was absolutely true. While the number of VC-backed tech IPOs went down, year-end PitchBook data shows that corporations paid more than $60 billion in 2016 […]


The birth of an asset class

Amid all the hand wringing about a tech bubble, a new reality is hiding in plain sight: Late-stage, venture-backed companies have become their own asset class. This new asset class – Private Tech Growth, as we refer to it – is comprised of high-growth private technology companies. These firms have completely transformed the venture ecosystem […]