Ahead of Q2 we make only minor estimate changes following the recent fundraising activities. However, we think the successful first closings of the two flagship funds provides important signals and improves visibility for our growing fee profit estimates. Our focus next turns to the final close of three flagship funds and the progress in the new real asset debt operations. We adjust our fair equity value range to EUR 2.1-2.4 (2.1-2.3) per share.
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