Performance Assessment in Private Markets

Imagine you put 18,000 and tells you the company is still worth about $4,000 on paper. Did you do well? And how would you compare that result to simply buying an S&P 500 index fund on the same day? In public markets you can check a stock price every second; private investments are a different game. This chapter gives you the toolbox that private market investors use to measure returns, compare against public stocks, and understand the extra risks they face.