Bringing DeFi Speed to Private Funds

DeFi is bringing new excitement to the old idea of cooperative ownership. Customers get tokens, earn fees, and vote on decisions. In theory, this improves governance. In practice it accelerates customer commitment and adoption with a great loyalty reward. Can we apply this idea to the world of fund management? It’s a $5T question. Private market investment through long-term limited partnerships has been massively successful. These partnerships fund much-needed innovation and infrastructure. They have delivered high returns for professional private market investors. LP funds now contain more than $5T worth of assets. So, why mess with a good thing? There are…...