jason: that was hugh parker. -- that was hugh macarthur.ith that as the backdrop, i asked the managing partner todd sisitsky how that changes his pitch to investors in berlin? todd: i have been hearing this for at least the last 20 years of my career. but it's true. it's even more true today because in some respects, we are returning capital. we are returning it almost three times. as a result, there is a lot of capital and people want their allocations in private equity. what we need to do, and what our lps and important partners talked about, we need to stick to our knitting and stick to our strategy. for us, it's clear. we in this very heavily in our sector teams, and we spent years thinking about, not trends, but themes, the investable themes in the sectors and the sectors and deploy resources and create an ecosystem around, not only to find opportunities, -- opportunities that are differentiated. oftentimes, even in this world, proprietary is not proprietary. but companies can grow once we own those companies. i think of us as long-ter