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so as a private equity firm you have multiple options on how to sell your portfolio company one you could sell to the public market through an IPO it is costly but hey you can still do it too you could sell to a strategic buyer now if you're gonna do this you have to be careful because through the process of the sale the strategic buyer is gonna find out about your trade secrets and then if they walk away from the deal they may have a competitive advantage over you so my recommendation is gonna sell the strategic buyer before you give your trade secrets make them put a good-sized deposit down third we're gonna talk about selling to management so you can do a management bio remember that example we gave in a few videos back on when Michael doe did a management buyout of Dell computers I was a private equity for him you can sell to management fourth you can sell to another private equity firm so if you're getting close to the end of your fund you're in your nine your ten and you want to...