How to Prepare for Risk in a Recession

How are you preparing for the investments that you are making on the private equity side? Your question is something that we think about quite a lot. And I'd say before I address some of the specific strategies, you just have sort of a different point of view than most. Anytime you talk to a private equity firm, a sponsor, they love to talk about their winners. The best pathway to great PE performance is just to avoid your losers, avoid mistakes, focus on that downside protection.