The point you're referring to is really an issue that cropped up in the mid-1990s, when a number of the labour-sponsored funds in Ontario raised way more money, frankly, than they were expecting to raise and that they could reasonably deploy, so the funds had too much cash and it took a while to work that off.
Frankly, the industry would kill for that problem today. It's long gone. If the market turns around such that labour-sponsored funds can raise that kind of money again, probably the committee does need to hold hearings on why there isn't enough venture capital in Canada. It's a broader point that refers to your previous question.
A lot of government programs are cyclical in this area, when they should be counter-cyclical. It's much easier for people like us to come to the government and ask for support for our industry when our returns are super high. But the truth is we probably don't need the support at that point in the cycle. Now is the time in the cycle when the government should be stepping up, yet it's a tougher ask because we have to ask you for support in some form or another at a time when the returns are poor.
It's a challenge for government to get programs across the finish line against the wind, but that is actually the time when you should be doing it. And that's, broadly speaking, where labour-sponsored funds are at today, and all types of venture capital.