This seems more like adding distractions rather than cutting them back, contrary to what an investor might hope for. There’s definitely a strong sense of being haphazard and spinning wheels here. I do buy into the idea of leveraging Garantia’s credit risk model, but at a high level, this feels like straying into side-tracks (insignificant in scale, as has been mentioned many times on this forum).
Sauli, how do you see the competitive landscape for these new initiatives and the company’s competitive advantage when compared to local players (eQ, Capman, Nrep, and other Nordic private equity firms) and larger international peers (EQT, Blackstone, KKR, Nuveen, Apollo)?