Investment Liquidation and Exit

Investment Process: Stage 5

Liquidation and exit strategies

U.S. capital markets provide the largest opportunity for liquidity for venture type investments of any market in the world. BCV will use liquidation and exit strategies that have been successfully used in the past, including stock mergers, sale of portfolio companies to other parties and initial public offerings (IPOs). Liquidation and exit strategies will vary depending on market conditions and the type of business being sold.

Liquidity typically within 3 to 7 years

Investment liquidation and exits generally occur within 3 to 7 years and are timed to maximize the rate of return for investors. In some cases, BCV may decide to accelerate or delay the sale or merger of a portfolio company if, in its judgement, doing so will significantly increase the rate of return while maintaining or reducing the level of risk. U.S. capital markets provide the largest opportunity for liquidity for venture type investments of any market in the world.

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