Scott Nuttall: Hey, Mike. It’s Scott. Just maybe a little bit more color from me. And away from just the capital market specificity of your question, I just speak to overall firm activity. As Rob said, it’s far too early to declare a return to normalcy, but there’s no doubt that over the last several weeks, it feels like the markets are thawing a bit. The new deal pipeline and activity is up. Some monetization discussions are up. If that continues and if the public markets continue to perform, then we’d expect carry through to the fundraising environment over the next few quarters. But all that could reverse again with bad news. We’ve seen a couple headaches from this market, but overall there’s no doubt that activity is up and the tone’s improved. And it’ll be interesting to see if this carries through post Labor Day.
Michael Brown: Great color. Thank you.
Craig Larson: Thank you.
Operator: Our next question is from the line of Arnaud Giblat with BNP. Please proceed your question.
Arnaud Giblat: Yeah. Good morning. I was just wondering — wanting to come back on your development of your wealth strategies. I was wondering if you could focus in a bit more on the development of your retail strategy globally. Have you had any meaningful conversations with new distributors in Europe and in Asia? I’m just wanted — wanting to get a bit more color there. Thank you.
Craig Larson: Thanks for the question. I think, the answer is yes, distribution continues to expand. If you think of this as a funnel, I think from our standpoint, the funnel continues to grow at the very top end and that’s global. So, as we talk about, for instance, private equity and infrastructure, those are vehicles where we specifically had created vehicles focused on individual markets in the U.S. and outside of the U.S., that opportunity again is, is one that’s global and we’re pursuing along those lines. So, nothing specific in terms of number of platforms today versus a year ago or anything along those lines. But I think the broader point again is just when we look at the opportunity we have ahead of us, trillions of opportunity of dollars that can move over into the Alts and we think we’re really well-positioned to take a healthy piece of that.
Scott Nuttall: Hey, Arnaud. It’s Scott. I’m just a little bit color from my standpoint as Jim and I have been traveling around the world, we’re definitely spending time with other distribution partners. As a reminder, 18 of our 23 offices at KKR are outside the United States. And maybe behind your question, we agree with the sentiment that this is not just a U.S. opportunity in private wealth. We very much look at it as a global one and have built teams in Europe and Asia and are developing partnerships in both places in addition to the U.S.
Arnaud Giblat: Great. Thank you.
Craig Larson: Thank you.
Operator: Our next question is from the line of Brian Bedell with Deutsche Bank. Please proceed with your question.
Brian Bedell: Great. Thanks. Good morning, guys. Hope you are doing well. The question beyond the deployment versus monetization backdrop. So, the monetizations were actually running a little bit more ahead of our forecast than the deployment has been the last couple quarters. And just wanted to get your sense of if we are in a better market environment, you say soft landing or no landing, does that create more monetization opportunities over the next few quarters relative to deployment, or are you still seeing the deployment backdrop as attractive here? And then maybe if you can comment on a couple areas within that, particularly like infrastructure, and then I guess even within credit.
