sentiment and IPO activity. The combined total PE realizations from the managers increased by 6.3% QoQ, rising to $18.5 billion total for the group. Quarterly realizations were split among the peer group, with three managers seeing QoQ growth while the rest ended Q4 on a lighter note than in the previous quarter. Still, on a TTM basis, realizations grew 14.8% YoY from $61.6 bilion to $70.7 billion. Managers expressed a positive outlook for realizations in 2026, with the continued build-out of exit pipelines and growing M&A and IPO activity. Still, managers also opportunity to be right before monetizing assets. $16.5 billion of realizations on a TTM basis, marking 13% growth YoY. The firm had $4 billion of realizations in Q4, a slight decrease from the $4.6 billion in Q3, but KKR's PE realizations deemed vulnerable to Al-disruption risk several years ago, and quarters. KKR stated it has been disciplined around deployment pacing and diversification, which has led to strong embedded in the firm's portfolio. For example, KKR announced the sale of OneStream Software, a corporate performance management platform, last month for $6.4 billion at a 30% premium and 4.5x and regions. KKR stated that it had started selling assets the firm