Venture Capital LPs Turn to Credit Solutions as Secondary Markets Demand 30-60% Discounts
Venture capital limited partners face a liquidity crisis as traditional secondary markets now require 30-60% discounts to last valuation. Turbine Finance and similar credit providers offer alternative financing against LP positions, targeting family offices with tens of millions in illiquid venture holdings. The shift reflects extended holding periods as companies like SpaceX delay IPOs—potentially 24 years from founding by 2026.
ViaNews Editorial Team (Finance)•