GlobeSt.com: Why was United Investment specifically interested in starting such a fund right now?

McGuire: We've been working on this since last fall, so it was just when we got everything completed. People may question the timing, but more importantly, when we put this together, it wasn't for a 2008 initiative or for 2009. This is a long-term platform for us, and while it's the first $1 billion, we feel like we can exceed that as time goes on. It's really more of a long-term play than trying to time the market.

GlobeSt.com: Why did they choose the US and not markets in Europe where they are based?

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