We have had this little idea – PE in Public Markets -focused in the smallcap space. The resistance has been wearily consistent from the “smart money” crowd: smallcap is terrible, public is terrible, I don’t understand what being the largest shareholder with governance rights means, I don’t seem to value the concept of tax-efficient public compounding, I don’t like the idea of a three year lock-up….and so on.

So put a brand name on the label, stick it in a ten-year lock fund with reinvestment rights and voila – a New Space is Born.

Operators are standing by.