Legacy Assets

It is common for legacy funds to be left with one or two assets who have been there for a long time, and who may still more time to be harvested, testing the patience of the fund’s investors.
In certain circumstances, there may be a price at which the GP could be a buyer and a seller at the same time. 
The GP may be managing a new fund, but usually they are prohibited from trading assets between funds.
Provided that we can address the inherent conflict of interest, and with agreement with LPs, zombie assets can be great candidates for a deal-by-deal situation.