So I think we feel very good about the direction of travel, but I don't spend a lot of time thinking about it as a number.

Nov 4, 2025 / CEO / receipt, needs a key / Paul Taubman, CEO | earnings call 2025-11-04 | transcript a9393012-ac7e-416c-b591-fa994c51be33 | chars 16305-16427 | segment 17

And I think sponsors, while they're starting to put their toes in the water, are probably going to be more forward-leaning once there's the travel down in terms of rates and the exit multiples more closely match the entry multiples.

Jul 30, 2024 / CEO / receipt, needs a key / Paul Taubman, CEO | earnings call 2024-07-30 | transcript 34933cf3-1dd1-48ed-9af6-45ec9433dc53 | chars 27157-27389 | segment 27