 As Asia continues to outperform in terms of raising capital, we're seeing then local and regional funds that are performing exceptionally well. Local knowledge and language capabilities is a key driver in giving them an edge. Sash, what trends are you observing in the talent scene? This survey has really come at a time where dry powder and deal making globally has really been at a record high. What we're hearing from clients is the velocity of virtually everything has been accelerated. Deals are being completed a lot quicker, funds are being raised a lot faster, exits are presenting themselves a lot sooner, financings are being executed a lot faster. I think more so than ever before, the accelerated impact from disruptive technology and social change has really powered, if you like, an appetite for private capital. This has really had a significant impact on talent across the PE landscape. For one, within the investment professional talent pool we're certainly seeing a diversification play as funds are really looking to expand beyond core buyout and we're seeing a lot of momentum in niche areas like infrastructure, TNT growth, social impact and I think this has really powered a lot of incremental hiring for PE funds at the investment professional level. The other interesting change that we're really observing is the role of the operating partner has really changed in the last 12 months with dry powder being where it is and with increased demand and competition for deals. Valuations are at a record high and so value creation is really not about pure financial engineering but it's about rolling your sleeves up, taking an active operational role in these assets but also leveraging the portfolio to drive value creation and I think the role of the operating partner in this new landscape has really gained in significance. Final piece around talent is really the impact of PE and VC money on the overall ecosystem. VC funds are looking at generating and building that next unicorn. They're really over-investing and entrepreneurs are really looking at growth and driving growth in a significant way so we're seeing a lot of demand for niche skill sets and areas like product and engineering where there is an imbalance between demand and supply.