Is There Opportunity in the Capital Stack?

Magan: It's interesting being in the private markets, because you know when the markets have pull back. And for investors, you're supposed to be trained to trim from fixed income and deploying to equities. But it's hard to do when you've committed o some of these funds. Magan: Private markets will not, don't care what's going on. They want their capital casIt brings up another thing that was touched on in the interview, which is the risk of the capital stack. Josh had mentioned capital stack being distressed first, the building being distressed. So i think there's some opportunity there.