This is one of the times when one wishes one had the ability to see ahead into the future -- say 10-15 years. Because history often dictates our present and future actions, it becomes increasingly difficult to foresee negative outcomes.

History doesn't repeat, but we can see trends that underpin new market stress events. While this private market crunch is nowhere near the 2008 GFC, its impact is no less severe, particularly for retail investors for whom such semi-liquid/illiquid asset class is not very suitable.

Hopefully, we will find a way out of this challenge and public markets come to save the day, again.