“We went to due diligence with three funds. We were very happy that our favorite fund to begin with, Summit, stayed on. But having a competitive process helped manage the timeline and forced them to close because, at the end of 2015, you could already see a lot of volatility in the Nasdaq, for instance. Then in January, February 2016, the stock markets went down quite a bit. Our advisors were very eager to close and finish the process fast.”