After years of delayed exits, aging portfolio companies, and growing pressure from investors demanding distributions, private equity firms may finally be getting what they've been waiting for: a functioning IPO market.
The catalyst could be SpaceX (NASDAQ:SPCX).
The aerospace company's blockbuster public debut earlier this month was more than just one of the largest IPOs in history.
According to Forge Global's June Private Market Update, it may represent the beginning of a broader reopening of the technology IPO market—one that could give private equity and late-stage venture investors a long-awaited path to liquidity.
For much of the past three years, sponsors have been forced to hold assets longer than planned as rising interest rates, volatile public markets, and weak M&A activity largely shut the traditional exit window.
