Private equity investments are known to be less liquid than investment in public equity, which is expressed in a so-called Lack of Marketability

Private equity investments are known to be less liquid than investment in public equity, which is expressed in a so-called Lack of Marketability Discount, where marketability is defined as the ability to convert an investment into cash quickly at a known price and with minimal transaction costs. If I am a long-term investor with investment horizon of more than ten years, should I worry about liquidity of privately held companies?

Private equity investments are known to be less liquid than investment in public equity,which is expressed in a so-called Lack of Marketability Discount, where marketability isdefined as the...