One hedge funder’s view that firms might stay private longer than they once did points to major changes in both private and public markets. Let's dig in:

Clifford Asness is the founder, managing principal and chief investment officer of AQR Capital Management and is known as a pioneer in quant investing and factor investing. 

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Asness posted his idea on X that firms might be staying private for longer due to a reduced downside risk. 

"Here's a thought. Perhaps the ‘wild’ stat that companies are staying private longer is related to the fact that the discounted price (illiquidity risk premium) to being private isn't what it once was (or is perhaps backwards). If so it bodes poorly not well for private vs. public," Asness wrote.