ete waiving charges. but what about Locke Lord, evercore, and akin (forrest) gump charges? it costs a ton to do
stuff like this. just look at evercores earnings. Maybe the new set up is streamlined. Maybe it makes more sense. but i bet it takes 2 years to pay off the legal fees and issuance of F units and all the other hiddne costs, before it starts to pay off. Do you think that next time blackrock will ask evercoe to do lucrative deal for them ? the old buddy system. partners, friends, bedfellows prosper, while the individual investor gets skimmed.