Mike Brown

“Can you just talk a little bit more about the retail channel right now? Just what are you kind of seeing in terms of demand across the platform? And as we think about this higher rate backdrop, what are you observing in terms of asset allocation shifts, in terms of new dollars being put to work?”

“And so, Peter, just looking at the industry data, we can see that the software M&A has been challenged this year, unsurprising, given a lot of the AI uncertainty and disruption potential there.”

“Ron, I guess you talked a little bit about the recruitment environment. You know, as we look at the quarter here, it looks like to us the implied growth was a little bit softer this quarter, but obviously the environment remains very competitive.”

“Maybe just one more on the long-short products. Obviously, the tax advantage of long-short products have been a meaningful driver of client demand and asset gathering across the industry.”

“You guys recently adjusted the fee structure on the flagship PE secondaries fund, as you mentioned earlier. Just curious a little bit about what you're seeing in terms of feedback from LPs as you've kind of gone out there with the newer terms.”