For the secondary strategy, the post-acquisition phase covers the monitoring, communication and engagement processes. We monitor material, hereunder reported ESG factors in portfolio funds. We immediately communicate to our investors whenever an investment proposal involves a considerable ESG risk or upon receiving knowledge on material ESG related incidents in portfolio funds. We have an active dialogue with the fund manager on any ESG related issues arising from the assessment and/or any ESG related incidents occurring during the ownership phase. We disclose actions that are to be undertaken. We continuously report on identified ESG issues.