We Always Said No, Until Now! 👀

We are now investing into our favorite funds that come out of Fund Launch. So of our 300+ funds we've launched, we've had a lot of people that want to partner with us. We've told them no forever. And finally, now we're saying, hey, actually, you know what, we'll write you a check. If we really like you, we'll write you a check, we'll partner with you, we'll take 7-8% of your firm. And we'll actually be on your team, we'll be on your board, we'll help you run. So last year, get this, we reviewed 1,200 first-time funds. Applied to work with us at Fund Launch Partners. About 100 per month are applying. We wrote 6 checks last year. So, 1,200 down to 6. We are looking to do another 19 deals in the next about year, year and a half. We have 2 under LOI right now. The average commitment is about $1 million. So, we invest around $1 million total commitment and then we partner with them. We're on their team. It's a GP stakes fund. Does that make sense?