In private markets, illiquidity is supposed to be a feature, not a bug.
While public market valuations can dive in the blink of an eye, the valuations of private market assets are typically much slower to move because the assets are valued and traded far less frequently. That gives asset owners at least the illusion of comfort that they are protected from market gyrations.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
