With IPOs not as attractive (or necessary) as they used to be, and the unicorn club getting ever busier, where do companies go for additional liquidity, and investors for an exit?

Later stage private equity provide opportunities to quickly access deep pools of capital, yet these funds have a fixed time horizon, and so can really only be seen as passing the buck. 

This leaves strategic acquisitions, with deep-pocketed incumbents an alternative for companies looking to avoid public markets. 

With marquee fintech firms such as LendingClub and Square having underperformed since going public, is the time of strategic acquisitions upon us?