I think everyone's familiar with Moneyball, but what are some opportunities that private equity can utilize with data and analytics to enhance their companies?

I think this conversation's really interesting.

One of the things I think has to be done is you separate, when you think about sports, there's a professional game and then there's everything else, right? And so if you want to buy into a Major League Baseball team, call Matt and he'll find your way in.

It's a fairly small sub-segment of people that can and want to do that.

When you think about the rest of the sports, one of the areas that we're quite keen on is the data side of things.

Both on-field, off-field, performance-wise, selling tickets, everything else, you see that at the highest levels of the game.

I mentioned earlier, I'm involved with a soccer football team in Italy, soccer team in Italy.

And Jonathan, how do you guys think about your hold periods? Are they longer than kind of traditional private equity? I mean, what have you shared with your LPs?