Anyone here currently invest or have invested in private placement deals before? Like to hear some pros/cons. Liquidity sucks but the potential returns are very attractive.

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I think you highlighted the reasons.

Other one is management risk. You need to make sure management is rock solid and you believe in them because of the illiquid shares.

Last one is structure, what rank is the shares you’re getting? Pref or commons? Liquidation preference or rights, etc.

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