Peter Lacaillade

It was two-thirds of the commitment we were going to make.

We had our vehicle.

We had our small vehicle that was making our commitment.

And then we had the family.

They backed out really last minute.

And it was very surprising.

It was upsetting.

And I remember talking with Jared Weinstein, who was COO at Thrive at the time, and he was like, this is pretty baked.

And I remember I was in Palo Alto on the phone with my colleagues and how can we solve this?

How do we figure this out?

And we actually put, it was 10 million from our public equity sleeve and then 5 million from our very small, this is like early days SES, small private equity thing to do 50 million in this 27-year-old unproven person.

But everyone had total conviction.

in decision that myself and Steve-O were making in Thrive.

And there was never like, oh, why are we backing this Josh Kushner guy?

It was just like, how can we solve this issue?

And that support, you look back on it and it's like, wow, they were really forward-leaning, really supportive.

And I'm just so lucky to be a part of such a supportive, kind group of partners who really gave me a lot of leash early days.

So

If you fast forward, we've invested four or $500 million to thrive across a lot of funds, had incredible returns.

That investment that we made was a huge returner for us.