The rigorous process required to fulfill the fiduciary's duty of oversight in the new complex reality
Sophisticated trust portfolios often benefit from direct exposure to active and passive investments made in venture capital (VC) and private equity. However, if a trustee isn't a lead sponsor of such investments and can't control the terms of subsequent financings, challenges often arise in determining whether to continue to fund these investments and how to properly assess the economic impact of a pending financing. As a result, it's critical that the fiduciary show the completion of a ...
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