with low liquidity anyone wanting a decent position would need...

with low liquidity anyone wanting a decent position would need to buy in.

They were in no mad rush to raise funds so there is a high chance they received a good offer.

Also, why, after 18 months did this fund choose TODAY to release their initial sub holding announcement. Seems a little weird. Maybe they wanted to release it before they receive more shares. Maybe they are taking the placement of shares.

ALSO no one has come on here telling us the details of the SI raising.

Normally by now someone on HC wouldve been offered the deal through their brokerage firm so that (imo) lessens the chance of this going to un-named 'sophisticates'.