RightsLine Software, Inc.

And he wrote a check right there.

And we started Rightsline to handle all intellectual property rights and licensing, but not just for media companies.

It's most well known for managing the back office for those Universal, Sony, Netflix, Hulu companies.

but also Merck is now using it.

But GoDaddy was definitely a great company.

We had a great experience there, very successful.

You know, I think the hardest, to be totally frank, was before that one, Right after I sold Rightsline, I was brought in.

I got a call from a small private equity firm that was an investor in a company called NXTV.

The largest transaction was OneStream, a US enterprise finance software business, where HGT's total investment reached £91 million through the Saturn IV fund and a fee-free co-investment.

HGT also converted around £39 million of its existing SEPTEL fund exposure into a fee-free co-investment, invested in Rightsline and made a follow-on investment in Teamworks.

Now, co-investments are important because they do not carry the management or performance fee charged at the underlying fund level.

They represented 11.3% of NAV at the end of June, which is within the 10% to 15% long-term target.