- As you hinted at, we've been, I think, really good at succession. You know, private equity
firms historically are great at succession, I think,
within their portfolios, but when it comes to themselves, have sometimes missed the mark. And I think any good high
quality growth company needs to be great at succession and needs to create pathways
for growth for future leaders. So, the reality is, over the last year, we've elevated Co-Heads
in our European Direct Lending business. We've elevated Co-Heads in our
U.S. direct lending business. We've elevated people in Real Estate, and there's just been this
massive, you know, wave of growth and promotion. I think part of what makes
our culture unique, speaking to the friendship that I
have with Blair and Kipp, and it pervades the whole organization, is we have people here who
are now running businesses that started at Ares 20-
25 years ago as Analysts and really grew up in
this, in this culture. So I just couldn't be happier.