John Zito

being questioned about the whole investment.

And I think every single investor, every meeting I went into, I was like, I will never do this again.

Every single meeting I went into, I was getting questions like, what's going on?

And it sounds like it was a big position for us, but

In the context of all of our funds, even with it at 30, we were up 8% or 9%.

So we took 100 or 150 basis point loss by vehicle.

But just because it was in the news, it was so much headline, meme, the whole thing.

And, you know, I kind of sensed that there was going to be an issue.

I think probably in November of 22, about six months after we did the original deal,

Every time I started going out to California to go to the Athena offices, I would email Ernie and say, hey, I'm going to be in Phoenix.

We need to catch up.

He'd be like, okay.

I'm sure you could tell he was like, who's this guy?

First off, who's this guy from Apollo?

And what does he want?

There's not a problem yet.

And then bonds keep going down.

I'm texting him.

I was looking at my text last night, and I was like, wait, how am I going to tell this story?

And you look at the text from the beginning, and he wouldn't respond.