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Benchmark Part I
Acquired
Is Peters a Baby GP?
He was a baby GP in excel, but he was not a full GP. He's had a bunch of early wins At excel and he's clearly out there hustling. So those are the questions on the bench mark side There's a massive question for peter on the excel side even Let's take off the table whether excel made a counter offer for him to be a grown-up GP or not Whether they did or didn't is irrelevant. It's like oh, this is a firm that had one big win and some other wins in that fund I mean Look if you 90x a fund or whatever and only 40x of it comes from one company Clearly you had multiple winners But like
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