What is USGF’s approach to Liquidity?
Our approach to liquidity is based on an open and collaborative discussion, driven by what is best for the company and its shareholders. When we enter an investment, we have no fixed notion regarding our holding period; however, the milestones we establish with management at the outset of an investment typically include critical inflection points, which should drive exit considerations. In most cases, we remain invested for three to five years. In some cases, we have held investments for as short as two years, and in other cases, we have been involved with companies for over ten years. USGF consistently exits with management’s full support. Our exits have included sales to both strategic and financial buyers. Some were taken public, while others were recapitalized by financial investors and/or management teams. Partial realizations have been achieved through a combination of dividends, redemptions, secondary sales and sales to management. We are quite flexible in considering exit scena
