The Acceleration of Innovation in Private Investment

Hugh MacArthur: I remember a time 20 years ago when investing in software companies was considered extremely avant-garde and extremely dangerous. And of course now the software sector is the single largest sector for buyouts in the world. You're telling me, if I'm understanding you correctly, that the conditions that you see evolving at a macro level are only going to encourage more of that type of experimentation in the future. Would you think that's fair? That's perfectly stated, Hugh. He says it will be really exciting to see where some of our clients think about new paths and new ways of creating value.