"We take great pride in being a private partnership," he said, and believes the structure has helped the firm run smoothly for the more than 30 years it's been in existence. "We're not a hedge fund that’s broadly owned. We have always made it clear that this is a private organization and would like to keep it that way." His comment reflects a common sentiment in the industry where founders maintain control for operational effectiveness.
Griffin pointed out the benefits of selling a stake in his market maker Citadel Securities in 2022 to venture capital firms Sequoia and Paradigm for more than $1 billion. He emphasized that Sequoia in particular brought "real insights" into managing a rapidly growing company, noting its past successful investments into major firms like Apple and Nvidia before they went public.
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