If you're five years from selling your business, you're already in the most expensive part of the trade.
You've spent two decades building one thing. Now your CPA is showing you the tax projection. Your wife is asking what's after the sale. A peer just sold and lost half of it inside five years. And a financial advisor is already calling, wanting to put the proceeds into stocks.
The instinct is to wait. Sell first, figure out the rest later. The math says the opposite. Almost everything you can do to lower the tax bill, replace the income, and build something inheritable has to happen before the wire hits.
That's the gap NPI is built around. Not better IRR. Not a slicker deal room. A real estate fund structured specifically for the operator near exit who doesn't want to make the next move twice.