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Funds jostle for tech private equity

The success of fast-growing Silicon Valley startups like Uber, Airbnb sends money managers on the hunt for what they call 'unicorns'.

Airbnb co-founder Brian Chesky (left) at headquarters in San Francisco in 2014.

THE retirement accounts of millions of Americans have long contained shares of stalwart companies like General Electric, Ford and Coca-Cola. Today, they are likely to include riskier private stocks from Silicon Valley startups like Uber, Airbnb and Pinterest.

Big money managers including...

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