Private equity investments are known to be less liquid than investment in public equity, which is ex

Private equity investments are known to be less liquid than investment in public equity, which is expressed in a so-called Lack of Marketability Discount, where marketability is defined as the ability to convert an investment into cash quickly at a known price and with minimal transaction costs. If I am a long-term investor with investment horizon of more than ten years, should I worry about liquidity of privately held companies? Private equity investments are known to be less liquid than investment in public equity,which is expressed in a so-called Lack of Marketability Discount, where marketability isdefined as the…