Random shower thought: Somebody should scrape all of the fund inception dates they can, use Crunchbase/etc to find a list of their holdings, and then say "Congrats on reaching year 9 of the Foo Fund I. We will buy you out on $X / $Y / $Z for 2x basis."
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(You're not offering 2x on the things which failed to appreciate or are in the realm of the living dead; you're offering 2x on the things which are worth 3x or 5x but simply don't have an exit lined up within the next 12 months yet.)
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(This goes quintuply so for all the little "Meh here's a $50k check because we want the option on leading your A round" that went on a few years ago. Difference between $100k and $200k doesn't matter to the fund or their LPs; just offer them a clean, fast way out.)
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End of conversation
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Actually, IIRC, funds can be extended for a year or two and often are at least when they are doing well
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