A lot of people who are looking to sell their companies, they're not going to go just to a strategic or private equity. They're going to go to a family office if they care about what the company is going to look like in 10 or 20 years. And that's where things like permanent capital with family offices have. It is objectively a superior model. It's just very few families have the ability to execute. I think in 5 to 10 years, more and more will.
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