We've got some guys going good and we've got some guys who are struggling. Usually April's a tough month. Guys come from Arizona where the weather's perfect and the ball flies all over the place. Then you get into the reality of the season, and it can work against them, not so much physically as mentally.

Northleaf is delighted to have been chosen to manage the new fund. We look forward to implementing the fund's long-term strategy of constructing a portfolio of high-potential venture capital funds with the scale and resources to execute their plans, support successful high-growth companies and deliver world-class returns.

We've got some guys going good and we've got some guys who are struggling. Usually April's a tough month. Guys come from Arizona where the weather's perfect and the ball flies all over the place. Then you get into the reality of the season, and it can work against them, not so much physically as mentally.