The Fund is now authorized to invest in and directly originate a broad range of loans, including residential and commercial real estate, mortgage-related, and consumer loans. Eligible loan structures include whole loans, participations, senior and second lien loans, mezzanine, and bridge loans. The Fund may now lend to unrated or below-investment-grade borrowers, including foreign and emerging market entities. There are no specific restrictions on borrower credit criteria, meaning the Fund may acquire or originate subprime quality loans. The Fund will retain all fees generated from originating or structuring these loans. The Fund may utilize wholly-owned subsidiaries to hold these loan assets to manage tax and regulatory requirements.