top of page

Meet the Team
Content Library
FAQ

Join our Fund 2 Waitlist

All Posts
Videos
Research
News

Research

Take a look at our Research Reports

Private for Longer: What the New Tech Lifecycle Means for Individual Investors

Private for Longer: What the New Tech Lifecycle Means for Individual Investors

Private for Longer: What the New Tech Lifecycle Means for Individual Investors

A growing share of today’s most important technology companies are staying private far longer than prior generations, even as they reach massive scale. That shift is reshaping how value is created, how liquidity emerges, and when investors are able to participate.

Hans Stege

Feb 35 min read

‘Older, Bigger’ IPO’s and the Russell 2000 Performance

‘Older, Bigger’ IPO’s and the Russell 2000 Performance

‘Older, Bigger’ IPO’s and the Russell 2000 Performance

This research report explains how a structural shift in public markets has changed where small-cap growth occurs. Over the past 25 years, companies have stayed private far longer—moving from an average IPO age of roughly 4 years in 1999 to approximately 14 years today—which has diverted many high-quality growth companies away from the Russell 2000 and directly into large-cap indices or kept them private entirely. As a result, the Russell 2000 now contains a materially higher

Gray Chynoweth

Dec 26, 20251 min read

Meet the Team
Content Library
FAQ

Stay Up to Date

500 North Commercial St.,
Suite 502T
Manchester, NH 03101

© 2026 PrePublic Equity Fund

Legal & Regulatory Disclosures

Last Updated: January 12, 2026

1. No Investment Advice (The "Publisher’s Exclusion")

Prepublic Equity Partners ("PEP") is a publisher of general and impersonal investment research and thematic market analysis. PEP is not a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities regulator. This publication is provided in reliance upon the "Publisher’s Exclusion" from the definition of investment adviser under Section 202(a)(11)(D) of the Investment Advisers Act of 1940 and corresponding state laws.

The information provided herein is "one-size-fits-all" and is not tailored to the specific investment needs, financial circumstances, or objectives of any individual or entity. Nothing in this report should be construed as personal financial, legal, or tax advice.

2. No Offer or Solicitation

No report provided on this website and none of the contents of this website are for informational purposes only. They do not constitute an offer to sell, or a solicitation of an offer to buy, any security or investment product. Any such offer or solicitation will be made only by means of a confidential Private Placement Memorandum (PPM) or other definitive offering documents. PEP does not facilitate securities transactions or act as a "finder" or "broker-dealer."

3. Risks of Private & Late-Stage Investing

Investing in private, venture-backed, or "pre-IPO" companies involves a high degree of risk, including the potential for the total loss of principal invested. These risks include: (i) Illiquidity Risk: Private securities are highly illiquid and often subject to significant restrictions on resale; (ii) Speculative Nature Risk: Financial data for private companies (such as revenue and growth rates) may be based on unverified estimates or "reported" figures and should not be relied upon as fact; (iii) Valuation Volatility Risk: Private market valuations are subjective and may fluctuate significantly based on market sentiment or capital availability.

4. AI Disclosure & Accuracy of Information

PEP utilizes Generative Artificial Intelligence (GenAI) and automated analytical tools to assist in the synthesis of market data and the production of research reports. All AI-generated outputs are reviewed and edited by human personnel; however, PEP makes no representation or warranty as to the accuracy, completeness, or timeliness of the information. No material non-public information (MNPI) is used in the production of the PEP research published on this site. All views expressed are opinions as of the date of publication and are subject to change without notice.

5. Conflicts of Interest & Disclosure of Positions

PEP and its affiliates, officers, or employees may hold financial interests, including direct or indirect equity positions, in the companies discussed in this report. PEP reserves the right to buy or sell securities of the companies mentioned at any time, including positions that may be contrary to the views expressed herein, without further notice to readers. PEP does not receive compensation from the issuers mentioned in its research.

6. Limitation of Liability

To the maximum extent permitted by law, PEP, its affiliates, and its contributors shall not be liable for any loss or damage (including, but not limited to, direct, indirect, or consequential loss) arising from any use of or reliance upon the information contained in this report. You are encouraged to consult with a qualified financial professional before making any investment decisions.

7. Relationship with Alumni Ventures, LLC

PEP is an independently operated subsidiary of Alumni Ventures, LLC. PEP independently manages an investment process but receives certain administrative support from Alumni Ventures.

Meet the Team
Content Library
FAQ

bottom of page