The post below has also been posted on Twitter by the Head of Delphi Labs Jose Macedo. You can read the thread on Twitter here: https://x.com/ZeMariaMacedo/status/1805581517466239472
Many of these assets have active sellers but very few have bids even at ~70% below market price (we’re talking standard SAFTs with a 1yr cliff + 2/3yr vest). In terms of volume, my very rough estimate based on speaking to various brokers is that there’s been ~$100m in combined SAFT volume. Considering these are assets with cumulatively tens of billions of dollars of unrealised gains unlocking over the next few years, this is basically dust.
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