“I'm just not smart enough to tell you exactly which quarter and how quickly, but we are going to go back to more normalized levels.”

In context

“ou could? Thank you. David Solomon: Sure. I mean, I appreciate that. I don't think it's troubling. I wouldn't use the word troubling. But I do think that there are places where sponsors hold assets and their ability to monetize them at the value that they currently hold them leads them to wait longer and keep the optionality to have that value compound. At the same point, there's pressure from LPs to continue to turn over funds, especially longer-dated funds. And as they take that optionality to wait, the pressure just builds. And so I think we're starting to see a bit of an unlock and more of a forward perspective to start to move forward, accept the evaluation parameters, and move forward. But I just think this is natural cycle and you're going to see a pickup in that activity for sure. I'm just not smart enough to tell you exactly which quarter and how quickly, but we are going to go back to more normalized levels. Ebrahim Poonawala: Thank you. Operator: Thank you. We'll go next to Betsy Graseck with Morgan Stanley. Betsy Graseck: Hi, good morning. David Solomon: Good morning, Betsy. Betsy Graseck: Hi, can you hear me okay? Oh, okay. Sorry, [Multiple Speakers] All right. Well, thanks very much. I did just want to lean in on one question regarding how you're managing the expense line as we're going through this environment because, we've had this very nice pickup in revenues and comp ratio is going up a little bit, but I'm just wondering is this a signaling to hold for the rest of this year? Or is this just a one-off given that some of the puts and takes you mentioned on deal activity earlier on the call? David Solomon: Sure, Betsy. So if you look at year-to-date change in our reviews net of provisio”