David Weisburd

They want to invest in opportunities that have maybe a three to seven year window versus a 10 plus 10.

plus two, three-year window as well.

So it also fits into this interesting trend of direct opportunities, non-blind pool opportunities, shorter hold times, reduced JCO.

I'm going to put you on the spot with kind of on the buyout side, there's a lot of top-down research, a lot of underwriting.

You mentioned this operational plan, but you also work on venture.

Are these opportunities being done in the open eyes, anthropic stripe of the world as well?

And if so, how do those

deals differ from a traditional buyout?

Is this also a way for LPs and GPs to date each other on a deal versus a fund?

Very expensive date, $500 million, but at least it's not a, I guess a blind date would be the equivalent where you're actually, it's around an asset.

Have you seen that?

And do those turn into fund commitments and fund relationships, both on the GPL LP side, or is it strictly, we like this asset and we'll part ways after this asset?

It's that old joke, the best way to diligence a manager is to be an investor.

100%.

I'm not going to ask you to tell me what you did with the money, but what's the biggest deal you've done to date?

Well, it's great to hear.

Dinner will be on you next time.

But in all seriousness, thanks for creating this masterclass on continuation vehicles.

Looking forward to continuing this live.

That's it for today's episode of How I Invest.