we're focused on opportunities within specialtily finance particularly strategies that tend to be uncorps laipted to the broader market. -- uncorrelated to the broader market. if you turn to page 6 of the presentation, this displays the model generated by cambridge which i will now scl to discuss in more detail. >> thank you eunice. commissioners, you've seen versions of this pacing model for bothathe private equity program as well as the real assets program. it is based on our tracking of the asset funds that have been performing in that we tracked through years and basically used those patterns of cash flows and nav growth and performance to inform the model. the model has a lot of assumptions. that is something that you should be aware of. in terms of how we use this model and in terms of a tool, it's to help give us directional guidance. the numbers here will most assuredly be wrong in terms of the actual numbers, but directionally, they should be helpful in terms of guiding our pacing. it's also a model that we would suggest recacalibrating and looking at on an annual basis as we get additio