As we reflect on 2022, we are proud of the resilience and commitment shown by the leaders and teams of our portfolio companies. Despite the macroeconomic volatility of the last year, we are encouraged by the healthy growth of our companies, seven new investments, four realizations, and evermore progress across our portfolio growth initiatives. We are deeply grateful for the continued support of our limited partners and the closing of our tenth fund ($2 billion) and third Overage Program ($200 million). Our 2022 year in review recognizes these achievements and many more – all made possible by our entire team and the founders, executives, and board members across our extended Spectrum Equity family.