Following the merger of Taylor Vinters and Mishcon de Reya, we are pleased to report on another busy year of fundraising activity, as reflected in this report. Despite the economic downturn of 2023, we have managed to advise on a number of deals that is nearly on par with the previous year's activity. This achievement is noteworthy given the reduction in funds being deployed, a reflection of the year's rising interest rates and challenging macroeconomic conditions. Our ability to maintain a steady deal flow in such an environment is a testament to our focused efforts, sector strengths and the quality of our service offering. Looking ahead to 2024, we remain confident in our capacity to navigate the market and continue delivering exceptional results for our clients.