he colleague dan hennessey planned to present last quarter performance in person, but dan you have covid, so covid is still a thing so joining remotely. if we reflect upon the last 8 years of the relationship with allen and nepc is a transform ative period. when we began working with nepc we had 50 percent in public equity and 25 in (indiscernible) between real estate and private equity. but i want to thank allen and nepc for council leadership and support over a transformative period for sfers. transformative in terms of asset allocation and implementation. sfers added absolute return and private credit and made substantial restructuring changes to the composition of public market portfolios. transformation evidenced by discussions earlier, but transformation of complenshty and sophistication of the plan. we migrated to a new custodian, introduced plan wide leverage, reinstated securitylanding program and allen in particular was helpful to all of us in helping to navigate some of the issues ultimately lead to the establishment of our esg program just over 5 years ago. most importantly,

he colleague dan hennessey planned to present last quarter performance in person, but dan you have covid, so covid is still a thing so joining remotely. if we reflect upon the last 8 years of the relationship with allen and nepc is a transform ative period. when we began working with nepc we had 50 percent in public equity and 25 in (indiscernible) between real estate and private equity. but i want to thank allen and nepc for council leadership and support over a transformative period for sfers. transformative in terms of asset allocation and implementation. sfers added absolute return and private credit and made substantial restructuring changes to the composition of public market portfolios. transformation evidenced by discussions earlier, but transformation of complenshty and sophistication of the plan. we migrated to a new custodian, introduced plan wide leverage, reinstated securitylanding program and allen in particular was helpful to all of us in helping to navigate some of the issues ultimately lead to the establishment of our esg program just over 5 years ago. most importantly,