Since the early 1990s, the secondary private equity market has gone from a $150M market to a $60B market. As this market continues to grow, it’s critical to have a competitive edge. For Blackstone’s Strategic Partners, our advantage is our scale. In 2017, we closed 149 deals, across 1,200 interests and 859 funds. And each opportunity provides more data, fresh insights and a smarter approach on how to invest. Our team’s willingness to go deeper, move swiftly on complex opportunities and continually refine our approach makes us better investors. This advantage will be critical as the market continues to mature and evolve.