A key part of our portfolio comprises of commitments to funds that invest directly into private companies. In order to do this prudently, we have a long-term investment horizon and are fully prepared for these investments to be locked up for several years. With our advisory partners, we conduct thorough due diligence on the fund manager, investment strategy, and potential risks before committing capital. We aim to build long-term relationships with high quality managers and are open to co-investments.