This is my internal stat over the last 15 years or so (since 2007), there have been a few exceptional years but overall it seems to hold. Q4 and Q1 of the year following usually have a lot of post holiday season deal making that then results in deals being inked either still in Q4 or in the first three months of the new year, then things slow down a bit while all the new portfolio companies are integrated and then the holiday season starts. So come September everybody is back in the traces and ready for a new batch.