Is Private Equity an Asset Class?

Is this the same type of people that might be looking for rental properties and saying, you know what, I'm going to buy that mom and pop business instead? Yes and no. It's still like the risk profile of that individual, that investor would be similar. A lot of real estate investors tend to be passive investors. They're not out there doing the landscaping and doing the plumbing and fixing the repairs. In small business acquisition, you know, the investor is very often going to work in that business.