PE-like duration with venture-like IRR but high cyclicality creates exit challenges

term horizon returns gain, but it's actually the IRR on these is pretty phenomenal. The duration is more like PE. The IRR is more like venture, but it is highly cyclical. But the question is there's always something that is in the hype kind of growth category at that time, and can you enter and exit quickly enough? So, really, where more the exit question has become more the issue for them. So then it's who are you what are you doing from a secondary's perspective? What are you doing from a continuity funds perspective? How can you enter and exit quickly at scale and high fee,