later-stage funds

“What I think most people are doing to deal with lengthening horizons. They're trying to shorten the duration of their portfolios by going to later stage.”

“We still feel comfortable that they're, whatever the fund size they're investing out of, that there's a, an opportunity for them to return the fund from within it, with a single investment. It, it's slightly, certainly for early stage funds. I think for later …”