of December 31, 2015 • Dry Powder of $26.1 billion at the end of the quarter, including $8.8 billion of AUM with future management fee potential Capital Deployment $26 billion Dry Powder (Sin billions) (S in millions) Segment 4Q'15 FY'15 Real Estate $0.8 Private Equity $1,784 $5,144 Credit 1,590 5,