i think about it being as skilled as we can be in data, in analytics, intech, in credit, in multiplesset classes. and then being able to pivot those. i think that's where i think about things, but do i think about that's the number one thing i'm focusing on, i think we have to think about all of these things. francine: are you looking at acquisitions and certain spaces? >> we always said we would grow the firm -- grow the firm organically and look for acquisitions to increase our capability on content for clients. what's interesting is we completed our acquisition for private credit management in the u.s. and middle markets. the multiples look more interesting. we have been talking about consolidation. we have been talking about consolidation since the gfc. this is one of the points i will laugh about a few years time from now, but i actually think as we look at the entry into the space, if we look about the cost of running our business on the scale that we need to operate on, i think the multiples we are starting to see coming down, i think this could be an interesting time for cons