Illiquidity turned routine liquidations into a catastrophic 90% price collapse for OM. Excessive leverage in a thin market ...

If we can get our client families to accept the illiquidity that comes with private investments, we can unlock investment ...

Despite recent market turbulence and worsening liquidity conditions, the performance gap between high- and low-liquidity ...

Lerner, Josh, and Antoinette Schoar. "The Illiquidity Puzzle: Theory and Evidence from Private Equity." Journal of Financial Economics 72, no. 1 (April 2004): 3–40.

As Treasury market volatility erupted last week, most high-quality fixed income markets were negatively impacted.