Forenom was one of those exits we were waiting for, as at least in my own books, there was a scenario where Buyout X would have reached profit sharing. This clearly didn’t happen, however, as the return remained below the hurdle rate (otherwise, this would have certainly been mentioned). We didn’t have any carry for this in our forecast, so there are no changes in that regard. 
Then, regarding the first close of the new forest flagship fund. The fact that the closing was successfully pushed through for 2025 in a difficult market was, of course, positive. What is a bit concerning, though, is that the size of the close was not disclosed. Usually, these are always reported, and in my view, it’s a direct signal that the size of the close was very modest (why wouldn’t you beat your chest if the close was large?). We’ll get confirmation on this in connection with the Q4 results. 