So when folks are looking at other private credit, private lending funds in the market in general, what are the big things that they should be paying attention to in terms of determining is this the right private credit fund to invest into or is this-

Mm-hmm.

Yeah.

So there, there are a variety of different flavors of private credit funds.

The first is what is the underlying collateral that you're lending against? So when you hear the phrase private credit in the headlines, I think it's treated as a monolith, but it's really not.

Most of the private credit stress that you see is typically referring to private credit lent to operating companies.

And these, most of the stress is in the tech sector versus like a different type of private credit fund where they lend mezzanine debt to multifamily properties versus what we do, which is we invest in single family properties.

How would you allocate 100K?