The pace of deal making is slowed way down because founders know that valuations have gone down. We've done a couple of growth deals recently, which gives smaller firms an opportunity to do growth deals. If you want to think about tail risk, where there's some event that can massively shift the market, the indice south, right? Make im fee negative, and everyone pulls money out of equities or out of bonds. These are like little turtles putting their heads out.