PT - JOURNAL ARTICLE AU - Amit Sinha AU - William Gonzalez AU - Jannike Aase TI - Beyond M&A and IPOs AID - 10.3905/jpe.2005.516846 DP - 2005 May 31 TA - The Journal of Private Equity PG - 41--55 VI - 8 IP - 3 4099 - https://pm-research.com/content/8/3/41.short 4100 - https://pm-research.com/content/8/3/41.full AB - 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.