1637 ET - Distributions to limited partners from venture funds keep trickling in at a tepid pace. A good portion of what is coming in has been sourced from IPOs that happened years ago. That's a limited pool of liquidity that will eventually run dry unless a new wave of public listings replenishes it. About half of the distributions one fund-of-funds received over the past 12 months, for example, came via stock, according to a manager of this fund. That included shares of restaurant software company Toast; Doximity, a provider of software for medical practices; and online car-auction company ACV Auctions-all 2021 IPOs. How much longer could these old IPOs send cash back to LPs? "Probably not too much longer. At some point it will slow down, that's for sure," the LP said. (yuliya.chernova@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 16:38 ET (21:38 GMT)
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