And I don't actually think that a lot of the investments they...

And I don't actually think that a lot of the investments they have under management are actually saleable yet, some of them are good opportunities, some are not, but none of them would be at the point to exit yet - otherwise they would have. BLA have been desperately running the ruler of all of the investments and to find things to sell and realise, if for no other reason than to announcement profitable exits.

Now more importantly how would you feel as an investor in one of these funds if BLA wound it up early because they were out of cash and you lost money??? It would tarnish their ability to raise anymore capital - making the business worthless anyway.