The Future of Private Equity

As a value or an independent investor, purchase price matters. And you mentioned financing costs, Aha. As we talk about the structure, the cost of capital is going to be more expensive. How do you deal with this issue? I'm all too happy to make that trade around purchase price and cost of financing. What will the 2023 ventures look like from a historical perspective in five years time? I think it's going to be a very strong vintage.