that guest is william barrett. william, thank you for your time.about here is semi liquid solutions for a new segment of investors. those of private wealth investors and everybody talking about the democritation. >> it is a crowded space. it is a bit more challenging on the institutional side to raise money for these fund managers. they have focused a lot on the private wealth segment. however, as you said, you need to find new solutions to address that new segment and address the liquidity issue. we have seen a lot of creativity on this front with new structures or new forms of liquidity through semi liquid. >> how much more education is needed for the retail crowd and private wealth crowd which falls between the institutional and retail investor. do they know what is attached to the liquidity solutions? >> i would say right now, yes, because most of the market has been targeted or educated investors. you know, they are pretty familiar with private equity. a lot of managers from companies that have been around or people familiar with the matter. i