Fund V received the support of both existing investors and new investors, with 120 new client relationships, further expanding Antin's global investor base and reach. Closing the biggest infrastructure fund of the year in the current fundraising environment, in which investors face allocation and liquidity constraints, is a standout achievement. This attests to Antin's successful track record over the past 17 years and underscores the trust investors place in our investment strategies and expertise. We thank them for their continued partnership. Antin delivered strong financial results in 2024, with record high levels for Assets Under Management (AUM), Fee-paying AUM, revenue, EBITDA and net income, resulting in a significant cash distribution to shareholders. All our Funds are performing on or ahead of plan and we have a strong portfolio of 29 companies.