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The Tender Offer Is Becoming a Standard Employee Benefit

Two pieces of news this week that, taken together, say something bigger about where private markets are heading.

Private Markets

Hans Stege

Mar 204 min read

Liquidity is back — just not through IPOs (yet)

After two years of a constrained exit environment, private-market liquidity is increasingly being delivered through secondaries and structured transactions, not traditional IPOs.

Private Markets

Hans Stege

Jan 234 min read

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Last Updated: January 12, 2026

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