Quote of the Day
Dan Primack on Willis Stein Partners (a private equity outfit that bet the firm on Ziff Davis and lost and is now back raising a new fund):
“This brings us to today, and I’m hopelessly confused. Willis Stein has not announced a single liquidity event in the past six months. In fact, the firm’s only noise has involved Ziff Davis, which in early March filed for Chapter 11 bankruptcy protection (not the kind of liquidity LPs were hoping for).”
