PGIM announced that it has agreed to acquire a majority interest in Deerpath capital management, a leading provider of senior debt financing to us lower middle market companies. As part of the agreement, Deerpath will maintain its investment in operational independence while leveraging PGIM's global scale distribution network and expertise across public and private markets. While PGIM already originates billions of dollars of loans to some of the world's largest institutions. The deal with Deerpath enhances PGIM private capital's direct lending business by adding lower middle market capability and is part of a push to grow even more into the space PGIM's existing global alternatives business currently has $237 billion in assets under management invested across real estate, private credit, and other alternatives. The deal with Deerpath will add $5 billion to that number.