I love this industry because this is about long term you're not advising companies but you are investing in companies so you are here for five years a bit sometimes shorter and sometimes longer so I would say this industry told me about resilience about persistence and about maintaining religion. I would say on the long term simple fundraising I'm on the fundraising side and it's a long journey you prepare the fundraising with a predecessor founder and because you're here with people for three years four years five years and it's a 10 years period as well so you have to uh earner the trust of the investors and your new trust you can lose it in a very a single minute so you have to be transparent and consistent.
Private Equity plays a more and more important role what strikes me is that Public Equity today. I mean they are decreasing when you look at the U.S Public Equity is made of many a few concentrated and limited company and I think Private Equity can offer diversification but I think publicly we did cannot offer anymore so diversification and probably the challenge because Private Equity is expecting for decarbonation transition take transition and so on.
There are huge challenges for the industry of course it's to support the companies in making their I would say more going or more sustainable so we have to advise them especially in some space for instance we are in a lower midmarket buyout where the CEO has not many people and so we really need to advise him. There are also all these challenges for the future of Human Resources as well so we need to uh structure or we need to structure the management of the companies foreign.
