Liquidity options proliferate for VCs

Continuation funds aren’t the only strategy firms are using to generate liquidity for LPs. Others include strip sales, preferred equity deals and tender offers.

Venture Capital Journal • July 3, 2025

By David Bogoslaw

A growing number of venture funds are pursuing alternative liquidity vehicles to generate returns for their LPs amid increased volatility in public markets and a lack of significant IPOs. Other factors compelling a broader variety of liquidity vehicles include the fact that many VCs have been cashflow negative for a couple of years, as well as mounting pressure from limited partners for distributions from earlier funds.

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