TY - JOUR T1 - Beyond M&A and IPOs JF - The Journal of Private Equity SP - 41 LP - 55 DO - 10.3905/jpe.2005.516846 VL - 8 IS - 3 AU - Amit Sinha AU - William Gonzalez AU - Jannike Aase Y1 - 2005/05/31 UR - https://pm-research.com/content/8/3/41.abstract N2 - Exiting an investment well is the basis for generation of superior returns to the venture capital or leveraged buy-out portfolio investment.This is the first time that the value of an illiquid private investment is “marked-to-market.” But the public markets for a conventional IPO have been tough to enter in the last several years. This article discusses two alternate ways to enter the public markets: the reverse merger and the direct public offering. ER -