the firm's durable capital base. Scale continues to function as deployed $17.1 billion, up more than double from the prior sum at 120.1% YoY, placing it fourth among peers. Carlyle's Q4 corporate PE deployment was $1.6 billion, up 100% QoQ, yet underwriting. Geographically, India stands out as a key growth down 40.7% YoY. On a TTM basis, its corporate PE deployment vector, where the firm is now the largest nondomestic investor was $5.9 billion, up 18% YoY. Ares deployed $500 million in corporate PE strategies during Q4, up 4x both sequentially and approximately $1.4 billion on a TTM basis, versus $0.4 in 2024, KKR deployed $8.9 billion through its PE strategies across both US and core PE in Q4, leading the group and reflecting an as the firm prioritizes its opportunity on the credit side. basis, KKR's deployment totaled $24.1 billion, representing a 41.2% increase YoY and positioning the firm in second place among its peers. Management emphasized a continued focus on linear capital deployment, signaling consistency rather activity in 2025. The Big Seven firms deployed a total of $605 billion over the year-up 21.9% when compared with the 2024 than opportunism in pacing. Geographically, Asia stood out, particularly Japan, and by sector, infrastructure also featured firms deployed $26.6 billion in private credit, up 19.1% QoQ and prominently, with strength in digital infrastructure and logistics. TPG deployed $6.6 billion in Q4, representing a sharp increase of 121.1% QoQ and 204.5% YoY. On a TTM basis, the firm