Private markets don't have a deal flow problem. They have a liquidity problem. 52% of investors just told me so.
- Steve Torso
- 4 days ago
- 1 min read
Private markets don’t have a deal flow problem. They have a liquidity problem. 52% of investors just told me so.
I surveyed active investors over the past quarter. One question cut through everything else.
“What’s your biggest frustration with private markets?”
52% gave the same answer. Liquidity.
Not deal quality. Not founder communication. Not valuations.
The ability to exit.
This matters because it changes how founders should think about their raise. Investors aren’t just evaluating the opportunity. They’re evaluating when and how they get their money back.
The founders who build liquidity into their narrative will stand out in 2026. Clear exit timelines. Secondary market awareness. Strategic buyer relationships.
The capital is there. The confidence in getting it back out is the bottleneck.
