In addition to updating our Limited Partners on progress in their Aberdeen Standard Investments (ASI) private capital fund investments, we’ll focus our commentary on the current investment environment. This year's theme, Weighing risk and opportunity in Private Markets, will explore today's complex global private marketplace, where investors have never had a greater myriad of choice, or a greater interest, in pursuing their outperformance objectives. Their challenge lies in sifting through these choices with an eye toward capturing alpha at acceptable levels of portfolio risk in an arguably overfunded arena. To achieve these goals, investors are looking for ASI’s investment teams to seek out those less-obvious, hard-to-diligence or difficult-to-access opportunities that offer an advantaged risk: reward balance in a potentially frothy arena. We will discuss how we are leveraging our networks, experience and broad platform of capabilities to achieve their investment goals in these challenging private markets.