For January 2022, in general, we believe secondary bid prices for many alternative funds remained relatively stable despite stock market volatility. In the private wealth sector, which are commitments to feeder funds for $5 million and lower, we estimate bid indications ranged from 74.10 to 92.50 expressed as a percentage of September 30, 2021 net asset values. In the institutional sector, which are commitments greater than $5 million, we estimate bid indications ranged from 79.50 to 97.75 expressed as a percentage of September 30, 2021 net asset values.