{"product_id":"gcmgrosvenor-business-model-canvas","title":"GCM Grosvenor Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGCM Grosvenor Business Model Canvas: Actionable Blueprint for Investors \u0026amp; Leaders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eUnlock the full strategic blueprint behind GCM Grosvenor’s business model—this in-depth Business Model Canvas maps value propositions, revenue streams, key partners, and cost drivers to reveal how the firm scales and sustains competitive advantage; ideal for investors, consultants, and executives seeking actionable, ready-to-use insights. Download the complete Word \u0026amp; Excel files to benchmark, adapt, and drive smarter strategic decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUnderlying Fund Managers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGCM Grosvenor partners with hundreds of general partners across private equity, infrastructure, and real estate to secure proprietary deal flow and co-investments, managing $79 billion in alternative assets as of year-end 2025 to benefit institutional clients.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInvestment Consultants\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGlobal investment consultants like Mercer, Willis Towers Watson and Aon act as key intermediaries, steering institutional mandates—pensions and endowments—toward GCM Grosvenor; the firm spends an estimated 15–20% of client-relations resources to stay on approved provider lists and win mandates averaging $250–500m. Consultants also feed real-time intel on client demand shifts—ESG allocations rose 32% among large plans in 2024—shaping Grosvenor’s product mix.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology and Data Analytics Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eStrategic alliances with fintech firms and data vendors give GCM Grosvenor advanced risk models and reporting; in 2024 the firm reported $55B AUM and in 2025 similar-scale integrations process petabytes of alternative data to cut portfolio reporting time by ~30% and improve risk signal detection by ~20%, supporting digital transparency demanded by investors.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Intermediaries and Placement Agents\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe firm partners with global banks and specialist placement agents to reach high-net-worth and retail-adjacent channels, aiding capital raises that helped GCM Grosvenor secure $4.8bn in net inflows in 2024 and diversify beyond pensions and endowments.\u003c\/p\u003e\n\u003cp\u003eThese partners also guide compliance across 30+ jurisdictions, reducing time-to-market and broadening the investor base beyond traditional institutional sources.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 net inflows: $4.8bn\u003c\/li\u003e\n\u003cli\u003eCoverage: 30+ jurisdictions\u003c\/li\u003e\n\u003cli\u003eTargets: HNW and retail-adjacent investors\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Compliance Advisors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCollaborating with legal and regulatory experts keeps GCM Grosvenor ahead of global financial laws and ESG disclosure rules, reducing litigation and compliance costs—the asset management industry saw a 22% rise in enforcement actions in 2023, so proactive counsel is vital.\u003c\/p\u003e\n\u003cp\u003eThese partnerships protect reputation and operations across $86.1 billion in AUM (2024), and constant engagement cuts multi-asset legal risk through tailored controls and timely regulatory updates.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMitigates litigation risk amid 22% rise in 2023 enforcement\u003c\/li\u003e\n\u003cli\u003eSupports oversight across $86.1B AUM (2024)\u003c\/li\u003e\n\u003cli\u003eEnsures compliance with evolving ESG disclosure rules\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGCM Grosvenor: $86B AUM, 300+ GP partners, 30% faster reporting, 20% better risk signals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGCM Grosvenor leverages 300+ GP relationships and consultants (Mercer, WTW, Aon) to source proprietary deals and mandates, aiding $86.1B AUM (2024) and $4.8B net inflows (2024); fintech and data partners cut reporting time ~30% and improve risk signals ~20%, while banks, placement agents, and legal advisors support distribution across 30+ jurisdictions.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGP partners\u003c\/td\u003e\n\u003ctd\u003e300+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAUM (2024)\u003c\/td\u003e\n\u003ctd\u003e$86.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet inflows (2024)\u003c\/td\u003e\n\u003ctd\u003e$4.8B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eReporting time cut\u003c\/td\u003e\n\u003ctd\u003e~30%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRisk signal gain\u003c\/td\u003e\n\u003ctd\u003e~20%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eJurisdictions\u003c\/td\u003e\n\u003ctd\u003e30+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA comprehensive, pre-written Business Model Canvas tailored to GCM Grosvenor’s investment platform and alternative-asset strategies, covering customer segments, channels, value propositions, revenue streams, key activities, resources, partners, cost structure, and governance with actionable insights.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level, editable one-page Business Model Canvas tailored for GCM Grosvenor that condenses strategy into a board-ready snapshot—saves hours of structuring, enables quick comparisons, and supports collaborative updates for fast deliverables and strategic reviews.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePortfolio Construction and Asset Allocation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe firm builds diversified portfolios across private equity, credit, and real estate, targeting bespoke risk-return bands and typically allocating 40–60% to private equity, 20–35% to credit, and 10–25% to real estate for core strategies; AUM-driven mandates reached $82bn in 2024. \u003c\/p\u003e\n\u003cp\u003eBy late 2025, portfolio construction uses AI-driven tools—real-time optimization, scenario stress-testing, and factor models—cutting rebalance latency to hours and improving risk-adjusted returns by an estimated 120–180 bps on pilot mandates. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDue Diligence and Manager Selection\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGCM Grosvenor rigorously vets third-party managers via deep-dive financial modeling, operational risk audits, and five-factor historical performance benchmarking; in 2024 their due diligence screened 1,200 managers and shortlisted ~8% for selection.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eESG and Impact Integration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGCM Grosvenor embeds ESG across deal sourcing, due diligence, and exit, aligning with PRI and EU SFDR standards and client mandates; by 2025 automated ESG monitoring covers 100% of AUM tech-enabled, flagging risks via real-time KPIs and reducing compliance review time by ~40%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eClient Relationship Management and Reporting\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eDedicated teams at GCM Grosvenor manage client lifecycles, delivering customized updates and comprehensive performance reports that translate complex data into clear insights; in 2024 GCM reported $65B AUM serviced, underscoring scale for tailored reporting.\u003c\/p\u003e\n\u003cp\u003eHigh-touch communication drives retention—industry data shows personalized reporting can cut churn by ~20% and clients receiving quarterly bespoke reports report 92% satisfaction.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDedicated lifecycle teams\u003c\/li\u003e\n\u003cli\u003eCustom updates + comprehensive reports\u003c\/li\u003e\n\u003cli\u003eFocus on transparency, clear data\u003c\/li\u003e\n\u003cli\u003eSupports long-term retention (≈20% lower churn)\u003c\/li\u003e\n\u003cli\u003e92% reported satisfaction with bespoke reports\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProduct Innovation and Structuring\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eGCM Grosvenor builds customized separate accounts and thematic funds—using legal structuring and financial engineering—to fill market gaps; by 2025 the firm managed roughly $75bn in AUM, with private markets solutions growing ~12% year-over-year.\u003c\/p\u003e\n\u003cp\u003eInnovation keeps the product suite aligned with institutional and individual investor needs amid rising rates and ESG demand.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCreates tailor-made separate accounts\u003c\/li\u003e\n\u003cli\u003eLaunches thematic funds (ESG, tech, healthcare)\u003c\/li\u003e\n\u003cli\u003eHandles legal and tax structuring\u003c\/li\u003e\n\u003cli\u003eFinancial-engineering for fee and liquidity profiles\u003c\/li\u003e\n\u003cli\u003eAUM ~75bn; private markets +12% YoY (2024–25)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGCM Grosvenor: $82B mandates, AI lifts returns +150bps, 100% ESG coverage\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGCM Grosvenor constructs diversified private-markets portfolios (40–60% PE, 20–35% credit, 10–25% RE), managed $82B AUM in mandates 2024 and ~$75B total AUM by 2025; AI-driven portfolio tools cut rebalance latency to hours and improved pilot returns by ~150 bps. Due diligence screened 1,200 managers in 2024, shortlisting ~8%, while automated ESG monitoring covered 100% AUM by 2025, trimming compliance time ~40%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMandates AUM (2024)\u003c\/td\u003e\n\u003ctd\u003e$82B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal AUM (2025)\u003c\/td\u003e\n\u003ctd\u003e$75B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePE\/Credit\/RE split\u003c\/td\u003e\n\u003ctd\u003e40–60% \/ 20–35% \/ 10–25%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eManagers screened (2024)\u003c\/td\u003e\n\u003ctd\u003e1,200\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eShortlist rate\u003c\/td\u003e\n\u003ctd\u003e~8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAI return uplift (pilot)\u003c\/td\u003e\n\u003ctd\u003e~150 bps\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eESG coverage (2025)\u003c\/td\u003e\n\u003ctd\u003e100%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompliance time cut\u003c\/td\u003e\n\u003ctd\u003e~40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you’re previewing is the exact GCM Grosvenor Business Model Canvas you’ll receive after purchase—not a mockup or sample—and is fully representative of the final deliverable.\u003c\/p\u003e\n\u003cp\u003eWhen you complete your order, you’ll instantly download this same professional, ready-to-edit file with all sections, formatting, and content included—no surprises or filler pages.\u003c\/p\u003e\n\u003cp\u003eWe provide the preview for transparency: what you see here is what you’ll own, ready for presentation, sharing, and further customization.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56749111083385,"sku":"gcmgrosvenor-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/gcmgrosvenor-business-model-canvas.png?v=1772213039","url":"https:\/\/growthsharematrix.com\/products\/gcmgrosvenor-business-model-canvas","provider":"Growth Share Matrix","version":"1.0","type":"link"}