Question for the community: Specially for those of us in Europe, we see the economic and political KPIs deteriorating with a possible recession in the next 1-3 years depending of the country. 

What are in your opinion the pros & cons of this conjuncture of the search funds, specially.for those funds in funds raising, search and acquiring phases. 

I see some pros such as decreasing of the current high multiples or that investors could find the search fund model more attractive than public companies with stocks crashing. On the other hand, debt raising could become very difficult when banks delinquency rates start raising.

What is your pov?