The reason why no fund will take that deal is the market for investments is much more favorable to managers than that.
That's the problem. When you use the phrase "exactly that", you're making a claim that you're not talking past.
I agree that this is a talking past situation. But that makes your original post wrong, because of how you used the phrase "exactly that".
> The reason why no fund will take that deal
It's less about this specific deal and more about any deal that shows confidence.
The reason why no fund will take that deal is the market for investments is much more favorable to managers than that.