Can you just paint a picture for the current, I suppose, level of assets at Northern Pool, what each of the underlying partner funds represents, and some of the things that you think you've done successfully up to now, which you'd like to retain as we move into this next chapter?

Yes, looking at the, the three partner funds, current valuations are about £70 billion, of which half is Greater Manchester, and then two-sixths is West Yorkshire, and Merseyside represents one-sixth.

So in a sense, we are three-sixths, two-sixths, and one-sixth in terms of, of assets under management.

We feel we've been very successful in the private markets area, so that we have established in private equity NPEP, which now has more than three billion of commitments and two billion actually at work.

Um, and along with that, we've created a co-investment sleeve with Harbour Vest.

So we feel that's delivered on both cost savings and a collaborative approach from the three funds, and I think that's been a genesis for us to work perhaps more informally, but still collaborate on other private market areas such as property, private credit, and of course infrastructure.

GLIL is a key component of that for the three Northern funds, and that's in a collaborative venture with LPP.

That will still be the decision of the pension fund panel, um, and, and your stakeholders.