Private Equity - What's the Shock Going to Be?

People have to face a lot of scrutiny now on how the funding is. Watch out more, not just leverage, but liquidity. We saw that in the guilt market. People do underestimate liquidity traps. It's going to go through real estate, private equity,. Just slow motion, but it's going to come. The gravity is back. The risk free rate is back as well. Talk about conservative money, pension money. Forget about LDI and the gyrations and just normal institutional money. What's the shock going to be as the risk free rate returns? Think about resilience. The shocks will be harder than people anticipate. Diversification is the thing that is never there when you