“And we've built up alternatives platforms and raised another 100 billion of gross capital over the last five years and we expect to raise a 100 billion more in the next 3 years.”

In context

“with those clients. And in the recent years, we expanded our retail alternatives to include private credit and private equity per year-to-year access to growth equity through closed-end funds. And we're working to expand our retail alternatives offerings now across real assets, sustainable, and co-investment opportunities. So just in the closed-end funds alone, we provide a wrapper that will enable us to provide up to $3 billion in alternatives in them. And just in a summary form, in total, we manage about 180 billion across liquid and alter -- illiquid [Indiscernible]. 29 billion right now in dry powder to invest and deploy, approximately 210 million of future annual base fees. And including liquid and liquid credit, our platform is now over 310 billion, we're the top 5 manager in that. And we've built up alternatives platforms and raised another 100 billion of gross capital over the last five years and we expect to raise a 100 billion more in the next 3 years. Just for September year-to-date, we have raised 25 billion of gross capital and deployed 10 billion. And because there is some expectation that rates can rise, still, these are longer-term investments that have enough spread in it that I believe that the demand is going to continue for quite a long period of time. And I think Larry's rate scenario, which he said in the beginning, is rates low for longer, will only enhance the ability for people to want more alternatives. Operator: And your next question comes from Alex Blostein, with Goldman Sachs. Your line is open. Laurence Fink: Hi, Alex. Alex Blostein: Great. Good morning. Hi, Larry. Thank you for taking the question. SO inflation concerns are clearly everywhere and Larry, as you highlighted in your prepared remarks, that's something”