The one thing I'd highlight, Mike mentioned it earlier in the prepared remarks, we had an amazing AGM with over 1,100 attendees there. Normally, we have AGMs throughout the year. So in terms of our G&A, you'll probably see a little bit more attention next quarter, but that means that we won't have that travel and AGM expense for all of the different strategies in the third and fourth quarters. So there will be a little bit of imbalance just in terms of the trending there. You can look back to 2024. about it there. It's going to be somewhere, you know, it can be high single-digit to a double-digit type of increase in G&A for the travel and all the expense related to that.

May 1, 2026 / receipt, needs a key / Jared, CFO | earnings call 2026-05-01 | transcript a3e3494b-d6db-4a9c-96c5-5d3d3b7c50ad | chars 57743-58422 | segment 58

This quarter, we have seen a little bit of expansion in our G&A expenses as we saw kind of return to more normal travel behavior. And I expect that we'll see a little bit of that as we go here over the quarters.

Jul 28, 2022 / receipt, needs a key / Jared, other | earnings call 2022-07-28 | transcript ad108d2f-686e-48a4-84e6-ec0ecae3acea | chars 35269-35480 | segment 35

And as you are articulating with your question, Asia is a big place with a lot of regulatory complexity, cultural complexity, market differentiation, geography by geography. And so we think it is critical to have people in local markets. That has proved to be particularly important through the pandemic. You know, travel restrictions in Asia have really highlighted just how critical it is to have boots on the ground in these markets that are able to both deploy and asset manage actively.

Feb 11, 2022 / receipt, needs a key / Michael Arrogetti, CEO | earnings call 2022-02-11 | transcript 6bcdcede-2fd3-49b0-a19b-8641ad34c62b | chars 47942-48433 | segment 48

It is a function of a full quarter of Landmark, which I'll remind everyone was a June 1st acquisition, so this was our first full quarter with them, then a full quarter of Black Creek as well, and just a slight increase in travel and some marketing and other items as we start to get back to normal from COVID.

Oct 27, 2021 / receipt, needs a key / Chris Katowski, other | earnings call 2021-10-27 | transcript 61ec3531-0292-40f7-bafb-d84b121907c8 | chars 53471-53781 | segment 53

I will say it's a combination of there are some benefits, and I'd say it's a couple million still from reduced travel related to COVID.

Apr 29, 2021 / receipt, needs a key / Mike McFerrin, CFO | earnings call 2021-04-29 | transcript 38181982-25c7-472d-a06e-1fc71d7f9c7b | chars 35205-35340 | segment 36

Fee-related earnings growth was driven by 13% management fee growth from the prior year period, as well as a decrease in general administrative expenses, which declined over $5 million from the second quarter of 2019, in part due to continued travel restrictions.

Aug 5, 2020 / receipt, needs a key / Mike McFerrin, CFO | earnings call 2020-08-05 | transcript fe469b70-e300-4ba7-abcc-fd6020488b0f | chars 19070-19333 | segment 18

Notwithstanding this, we are seeing reduced G&A expenses as a result of the current environment, most notably from reduced travel expenses.

May 6, 2020 / receipt, needs a key / Mike (Executive), other | earnings call 2020-05-06 | transcript 2551bc8f-2671-4fb1-8c0c-602db653d775 | chars 26847-26986 | segment 26

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