FYI: In recent years, prominent companies such as Uber have delayed IPOs, opting to raise money in the private market and build their businesses without the pressure that comes with being publicly traded. Mutual fund managers must increasingly keep tabs on these innovative companies given they could potentially disrupt the business models of their public company holdings. Some active managers have also invested in private companies with the hope that getting in early could reap bigger rewards than waiting for an IPO.
Regards,
Ted
http://www.morningstar.com/articles/867995/unicorn-hunting-largecap-funds-that-dabble-in-priv.html
