With more than $32,000,000,000 in AUM, Our alternative credit business is a leader in the private, non rated and illiquid segment of the asset backed market and is poised for growth in what we believe is at least a $4,000,000,000,000 global addressable market. In Asia Credit, We raised nearly $400,000,000 in the quarter, including an approximate $200,000,000 final close in Ares SSG Capital Partners VI, bringing final commitments to $2,400,000,000 including a sidecar fund. We're seeing strong economic Trends and robust corporate earnings growth in India and Australia, which account for 60% of our investments across the region, and we're seeing a growing opportunity set for financing solutions for sponsor led acquisitions in these markets. Within Real Assets, we raised more than $500,000,000 in a European real estate debt mandate, which now totals over $1,000,000,000 and we anticipate that this strategy will continue to grow. Our real estate debt business now exceeds $11,000,000,000 and we believe the team is well positioned for further growth due to investor demand and the current acute need for capital in the industry.