My company recently invested in the PE structure that is aiming to consolidate an offering in our area. It’s an interesting strategy and I’m intrigued to see the returns. We also invested in a portfolio that invests in other PE funds, and has had a strong return history. This is my first direct interaction with PEs, and from the modeling I saw from the pitch and research I have done, it seems like a very active acquisition type, potentially driving up purchase prices in some industries.