Stranded at Breakeven: Navigating Liquidity for the 2021–2022 Growth SaaS Cohort
Houlihan Lokey is pleased to share its white paper, Stranded at Breakeven: Navigating Liquidity for the 2021–2022 Growth SaaS Cohort.
Growth funds holding 2021–2022 vintage SaaS investments face a unique challenge: These companies raised at peak valuations, carry no debt, and run near breakeven. With no cash burn forcing a decision, management teams are in no rush to exit, leaving capital unreturned. Our paper evaluates the realistic liquidity routes for sponsors holding these unpriced positions.
Contacts
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Rittik Chakrabarti Managing Director Co-Head of U.S. Portfolio Valuation and Fund Advisory Services
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Mustafa Azhar, CFA Director
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Ian Coffman Director
