diff --git a/cachelib/allocator/Cache.cpp b/cachelib/allocator/Cache.cpp
index b871a04782..37457cc3e9 100644
--- a/cachelib/allocator/Cache.cpp
+++ b/cachelib/allocator/Cache.cpp
@@ -478,6 +478,10 @@ void CacheBase::updateGlobalCacheStats(const std::string& statPrefix) const {
 
   visitEstimates(uploadStatsNanoToMicro, stats.allocateLatencyNs,
                  statPrefix + "allocate.latency_us");
+  visitEstimates(uploadStatsNanoToMicro, stats.bgEvictLatencyNs,
+                 statPrefix + "background.eviction.latency_us");
+  visitEstimates(uploadStatsNanoToMicro, stats.bgPromoteLatencyNs,
+                 statPrefix + "background.promotion.latency_us");
   visitEstimates(uploadStatsNanoToMicro, stats.moveChainedLatencyNs,
                  statPrefix + "move.chained.latency_us");
   visitEstimates(uploadStatsNanoToMicro, stats.moveRegularLatencyNs,
diff --git a/cachelib/allocator/CacheAllocator-inl.h b/cachelib/allocator/CacheAllocator-inl.h
index a898d9b4fd..11e9058a34 100644
--- a/cachelib/allocator/CacheAllocator-inl.h
+++ b/cachelib/allocator/CacheAllocator-inl.h
@@ -426,8 +426,7 @@ CacheAllocator<CacheTrait>::allocateInternalTier(TierId tid,
                                                  uint32_t expiryTime,
                                                  bool fromBgThread,
                                                  bool evict) {
-  util::LatencyTracker tracker{stats().allocateLatency_};
-
+  util::LatencyTracker tracker{stats().allocateLatency_, static_cast<size_t>(!fromBgThread)};
   SCOPE_FAIL { stats_.invalidAllocs.inc(); };
 
   // number of bytes required for this item
@@ -435,8 +434,8 @@ CacheAllocator<CacheTrait>::allocateInternalTier(TierId tid,
 
   // the allocation class in our memory allocator.
   const auto cid = allocator_[tid]->getAllocationClassId(pid, requiredSize);
-  util::RollingLatencyTracker rollTracker{
-      (*stats_.classAllocLatency)[tid][pid][cid]};
+
+  util::RollingLatencyTracker rollTracker{(*stats_.classAllocLatency)[tid][pid][cid]};
 
   (*stats_.allocAttempts)[tid][pid][cid].inc();
   
diff --git a/cachelib/allocator/CacheAllocator.h b/cachelib/allocator/CacheAllocator.h
index 0ec7224603..b3201daf76 100644
--- a/cachelib/allocator/CacheAllocator.h
+++ b/cachelib/allocator/CacheAllocator.h
@@ -2016,7 +2016,8 @@ class CacheAllocator : public CacheBase {
   // exposed for the background evictor to iterate through the memory and evict
   // in batch. This should improve insertion path for tiered memory config
   size_t traverseAndEvictItems(unsigned int tid, unsigned int pid, unsigned int cid, size_t batch) {
-auto& mmContainer = getMMContainer(tid, pid, cid);
+    util::LatencyTracker tracker{stats().bgEvictLatency_, batch};
+    auto& mmContainer = getMMContainer(tid, pid, cid);
     size_t evictions = 0;
     size_t evictionCandidates = 0;
     std::vector<Item*> candidates;
@@ -2089,6 +2090,7 @@ auto& mmContainer = getMMContainer(tid, pid, cid);
   }
 
   size_t traverseAndPromoteItems(unsigned int tid, unsigned int pid, unsigned int cid, size_t batch) {
+    util::LatencyTracker tracker{stats().bgPromoteLatency_, batch};
     auto& mmContainer = getMMContainer(tid, pid, cid);
     size_t promotions = 0;
     std::vector<Item*> candidates;
diff --git a/cachelib/allocator/CacheStats.cpp b/cachelib/allocator/CacheStats.cpp
index a5dd962dc2..453d3a0abb 100644
--- a/cachelib/allocator/CacheStats.cpp
+++ b/cachelib/allocator/CacheStats.cpp
@@ -106,6 +106,8 @@ void Stats::populateGlobalCacheStats(GlobalCacheStats& ret) const {
   ret.numNvmItemDestructorAllocErrors = numNvmItemDestructorAllocErrors.get();
 
   ret.allocateLatencyNs = this->allocateLatency_.estimate();
+  ret.bgEvictLatencyNs = this->bgEvictLatency_.estimate();
+  ret.bgPromoteLatencyNs = this->bgPromoteLatency_.estimate();
   ret.moveChainedLatencyNs = this->moveChainedLatency_.estimate();
   ret.moveRegularLatencyNs = this->moveRegularLatency_.estimate();
   ret.nvmLookupLatencyNs = this->nvmLookupLatency_.estimate();
diff --git a/cachelib/allocator/CacheStats.h b/cachelib/allocator/CacheStats.h
index 48ea90f6b8..cda2690bf8 100644
--- a/cachelib/allocator/CacheStats.h
+++ b/cachelib/allocator/CacheStats.h
@@ -510,6 +510,8 @@ struct GlobalCacheStats {
 
   // latency and percentile stats of various cachelib operations
   util::PercentileStats::Estimates allocateLatencyNs{};
+  util::PercentileStats::Estimates bgEvictLatencyNs{};
+  util::PercentileStats::Estimates bgPromoteLatencyNs{};
   util::PercentileStats::Estimates moveChainedLatencyNs{};
   util::PercentileStats::Estimates moveRegularLatencyNs{};
   util::PercentileStats::Estimates nvmLookupLatencyNs{};
diff --git a/cachelib/allocator/CacheStatsInternal.h b/cachelib/allocator/CacheStatsInternal.h
index ef41ea7bbc..da48df2d8f 100644
--- a/cachelib/allocator/CacheStatsInternal.h
+++ b/cachelib/allocator/CacheStatsInternal.h
@@ -189,6 +189,8 @@ struct Stats {
 
   // latency stats of various cachelib operations
   mutable util::PercentileStats allocateLatency_;
+  mutable util::PercentileStats bgEvictLatency_;
+  mutable util::PercentileStats bgPromoteLatency_;
   mutable util::PercentileStats moveChainedLatency_;
   mutable util::PercentileStats moveRegularLatency_;
   mutable util::PercentileStats nvmLookupLatency_;
diff --git a/cachelib/cachebench/cache/Cache-inl.h b/cachelib/cachebench/cache/Cache-inl.h
index 23481ad099..f1c5248718 100644
--- a/cachelib/cachebench/cache/Cache-inl.h
+++ b/cachelib/cachebench/cache/Cache-inl.h
@@ -743,6 +743,8 @@ Stats Cache<Allocator>::getStats() const {
       static_cast<int64_t>(itemRecords_.count()) - totalDestructor_;
 
   ret.cacheAllocateLatencyNs = cacheStats.allocateLatencyNs;
+  ret.cacheBgEvictLatencyNs = cacheStats.bgEvictLatencyNs;
+  ret.cacheBgPromoteLatencyNs = cacheStats.bgPromoteLatencyNs;
   ret.cacheFindLatencyNs = cacheFindLatency_.estimate();
 
   // Populate counters.
diff --git a/cachelib/cachebench/cache/CacheStats.h b/cachelib/cachebench/cache/CacheStats.h
index eecb89bb96..72d71f4faa 100644
--- a/cachelib/cachebench/cache/CacheStats.h
+++ b/cachelib/cachebench/cache/CacheStats.h
@@ -91,6 +91,8 @@ struct Stats {
   uint64_t numNvmItemRemovedSetSize{0};
 
   util::PercentileStats::Estimates cacheAllocateLatencyNs;
+  util::PercentileStats::Estimates cacheBgEvictLatencyNs;
+  util::PercentileStats::Estimates cacheBgPromoteLatencyNs;
   util::PercentileStats::Estimates cacheFindLatencyNs;
 
   double nvmReadLatencyMicrosP50{0};
@@ -282,6 +284,8 @@ struct Stats {
 
         printLatencies("Cache Find API latency", cacheFindLatencyNs);
         printLatencies("Cache Allocate API latency", cacheAllocateLatencyNs);
+        printLatencies("Cache Background Eviction API latency", cacheBgEvictLatencyNs);
+        printLatencies("Cache Background Promotion API latency", cacheBgPromoteLatencyNs);
       }
     }
 
@@ -510,6 +514,8 @@ struct Stats {
 
     counters["find_latency_p99"] = cacheFindLatencyNs.p99;
     counters["alloc_latency_p99"] = cacheAllocateLatencyNs.p99;
+    counters["bg_evict_latency_p99"] = cacheBgEvictLatencyNs.p99;
+    counters["bg_promote_latency_p99"] = cacheBgPromoteLatencyNs.p99;
 
     counters["ram_hit_rate"] = calcInvertPctFn(numCacheGetMiss, numCacheGets);
     counters["nvm_hit_rate"] = calcInvertPctFn(numCacheGetMiss, numCacheGets);
diff --git a/cachelib/common/PercentileStats.h b/cachelib/common/PercentileStats.h
index bdd3255eba..c308671ee9 100644
--- a/cachelib/common/PercentileStats.h
+++ b/cachelib/common/PercentileStats.h
@@ -107,16 +107,16 @@ class PercentileStats {
 
 class LatencyTracker {
  public:
-  explicit LatencyTracker(PercentileStats& stats)
-      : stats_(&stats), begin_(std::chrono::steady_clock::now()) {}
+  explicit LatencyTracker(PercentileStats& stats, size_t nSamples = 1)
+      : stats_(&stats), nSamples_(nSamples), begin_(std::chrono::steady_clock::now()) {}
   LatencyTracker() {}
   ~LatencyTracker() {
-    if (stats_) {
+    if (nSamples_ > 0 && stats_) {
       auto tp = std::chrono::steady_clock::now();
       auto diffNanos =
           std::chrono::duration_cast<std::chrono::nanoseconds>(tp - begin_)
               .count();
-      stats_->trackValue(static_cast<double>(diffNanos), tp);
+      stats_->trackValue(static_cast<double>(diffNanos/nSamples_), tp);
     }
   }
 
@@ -124,7 +124,7 @@ class LatencyTracker {
   LatencyTracker& operator=(const LatencyTracker&) = delete;
 
   LatencyTracker(LatencyTracker&& rhs) noexcept
-      : stats_(rhs.stats_), begin_(rhs.begin_) {
+      : stats_(rhs.stats_), nSamples_(rhs.nSamples_), begin_(rhs.begin_) {
     rhs.stats_ = nullptr;
   }
 
@@ -138,6 +138,7 @@ class LatencyTracker {
 
  private:
   PercentileStats* stats_{nullptr};
+  size_t nSamples_{1};
   std::chrono::time_point<std::chrono::steady_clock> begin_;
 };
 } // namespace util
diff --git a/cachelib/external/fbthrift b/cachelib/external/fbthrift
index fb3c6ce37a..cbc3de581f 160000
--- a/cachelib/external/fbthrift
+++ b/cachelib/external/fbthrift
@@ -1 +1 @@
-Subproject commit fb3c6ce37aab5aecbb39c827e0ae84256c64a44b
+Subproject commit cbc3de581fdf36ba474b0c135b9e785e504f1c1e
diff --git a/cachelib/external/fizz b/cachelib/external/fizz
index 5551610370..80ba4b64d1 160000
--- a/cachelib/external/fizz
+++ b/cachelib/external/fizz
@@ -1 +1 @@
-Subproject commit 555161037025db59658ae5d0277c4c3e1e49817e
+Subproject commit 80ba4b64d1138025a3f61e4cd3c826405cd9e8cb
diff --git a/cachelib/external/folly b/cachelib/external/folly
index 017e426621..ce2b95715d 160000
--- a/cachelib/external/folly
+++ b/cachelib/external/folly
@@ -1 +1 @@
-Subproject commit 017e42662179411f83eb24c7100b3af7f8a61518
+Subproject commit ce2b95715de229fcb51bd97410469a3ad4d2bfb2
diff --git a/cachelib/external/wangle b/cachelib/external/wangle
index 68b1ec08f2..44690e7894 160000
--- a/cachelib/external/wangle
+++ b/cachelib/external/wangle
@@ -1 +1 @@
-Subproject commit 68b1ec08f23196e0ad1dd2dfbb2308c095caf440
+Subproject commit 44690e7894842a7127245837b69627d4b964aabd
diff --git a/docker/images/centos-8streams.Dockerfile b/docker/images/centos-8streams.Dockerfile
index b916ab760c..e0c31226a1 100644
--- a/docker/images/centos-8streams.Dockerfile
+++ b/docker/images/centos-8streams.Dockerfile
@@ -17,6 +17,8 @@ json-c-devel \
 perf \
 numactl
 
+# updated to fix compile errors and better symbol
+# resolving in VTune
 RUN dnf -y install gcc-toolset-12
 RUN echo "source /opt/rh/gcc-toolset-12/enable" >> /etc/bashrc
 SHELL ["/bin/bash", "--login", "-c"]