Deep expertise in several core industries is very important to Mashington’s ability to create value for the company’s shareholders and investing partners. Valuing depth over breadth, most of our investment professionals and partners specialize in an industry sector. And through One Mashington collaboration in different cities and countries, that expertise is shared across fund, industry and geography to harness the power of our global network. For example, when our North America team targeted a mobile Internet company in San Francisco, the China-based mobile internet team collaborated on the transaction and both our U.S. and China buyout funds invested in the company.