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So when we started this strategy in 1718, and started allocating capital, investing in entrepreneurs who had a solution, that had to be massified. And I think this is where the industry should be heading. How do you look at those?
We had a group that was doing small growth capitalinvestments in Germany and Switzerland at that time, a fund doing secondaries. So if you’re an institution investing $100 billion today, or $50 billion, or $10 billion, private markets is already a big part of your portfolio. We win when our clients win.
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