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We generated substantial value from the ABG investment and a 7x multiple on our net invested capital during our short ownership period. And again, we don't expect any capital as part of that participation. The sale in the first quarter combined with the sale in the fourth quarter yielded gross proceeds of $1.45 Thanks for that.
Hosting the call today, we have Ed Pitoniak, chief executive officer; John Payne, president and chief operating officer; David Kieske, chief financial officer; Gabe Wasserman, chief accounting officer; and Move McCluskey, senior vice president of Capital Markets. At VICI, we can deal with all of this.
Partners, today, influence more than two-thirds of our ARR, but they account for only 30% of dealorigination, highlighting the enormous whitespace of opportunity in this area. As our free cash flow profile evolves, our capital allocation strategy also evolves. We are well-positioned to capitalize on this trend.
Partners already influence more than two-thirds of our ARR, but we believe we can scale them to deliver far more dealorigination than they do today. We did see an uptick in dealorigination above the 30% level that we've historically had in the quarter. Second, we continue to emphasize the criticality of partners.
Growing public deficits, a modernizing digital world, advancing energy independence, and the energy transition are driving the mobilization of private capital to fund critical infrastructure. Our capital management strategy remains consistent. Share repurchases have been a consistent element of our capital management strategy.
Their work was recently recognized with eight awards from the Brandon Hall Group, a leading human capital management firm. Kroger continues to generate strong free cash flow through consistent operating results and working capital improvements. We are so proud of the work you are doing to help make Kroger an employer of choice.
From a dealorigination standpoint, partners sourced 60% of our new business in the fiscal year, validating our partner-first strategy and ecosystem investments. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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