PresentationUnknown Analyst Great. Well, good morning, everybody. We'll get started with our next session. I'd like to welcome Mike Arougheti, CEO of Ares Management, a leading global alternative asset manager with about $600 billion in assets under management and deep expertise in credit, real asset, secondaries and private equity. Over the course of 2025, Ares sustained its industry-leading growth momentum, supported by record pace of fundraising, accelerating deployment and strong investment performance ...