Yes. We've seen in other social impact bonds that it varies. We've seen different models, depending on the country. In the U.K., the U.K. government didn't get involved with a third party organization to collect some data related to the Peterborough pilot, but we've seen variations in the U.S. and Australia. In the U.S., there are third party evaluation processes involving organizations, and they do some of the data collection. I think it will vary, depending on what that landscape looks like in a particular country, whether there are foundations in place that can do it or intermediaries. In some cases universities have been involved because they already have that strong capacity from a quantitative perspective. Again, it's that partnership model. You leverage what's there to be able to do it.
On February 17th, 2015. See this statement in context.