Martín Escobari

And the two structures invest that same portfolio from here forward.

There's never conflict of mind, the legacy.

But the advantage of that is there's no fundraising cliffs.

We're always fundraising.

It's always steady.

There's no big jumps.

There's no pressure to liquidate something to meet some artificial target.

That makes our lives so much easier.

And then the third component that I think is distinctive, which I hated initially, because we have a communist system of compensation, which is you all get a percent of the total performance, not your individual performance.

I was like, are you kidding me?

I'm a spear fisherman.

I'm a spear fisherman.

I got some big fish left in me.

I mean, this communism didn't work in the Soviet Union.

Why is that going to?

And then I saw how it changed everything in that the level of collaboration is fantastic.

And the way you prevent the Soviet Union from happening is if you're not pulling your weight, you're not on the boat.

So it's a meritocracy in that to be in this community where we all win together and lose together, we all have to be effective and bringing as much into the partners that were taken away from it.

And that's what keeps the health and meritocracy of the system.

But there isn't a hyper incentive to be hyper productive because if I'm hyper productive, I'll make more wins than I give them.