Seventy per cent of investment in venture capital is in the ICT sector. That's the industry norm. The funds of funds have some specificity in terms of areas of focus. HarbourVest is an ICT fund. Kensington has an ICT and a clean tech objective. Teralys has an allocation for a life science fund. We're seeing a normal distribution being established in terms of fund investments. So these funds of funds are making investment in different sectors. Genesys is one life science fund that got some fundraising from the VCAP and you're going to see an increased diversification.
There was a great pent up demand in 2012 because the fundraising was very difficult and some of the funds were IT funds. They got funded quickly, and now you're seeing other funds approaching and establishing relationships, so we're confident there will be diversification, and we're seeing it right now.