Along with our established and very successful strategies that focus on U.S. and European high yield bonds, access to the European leveraged loan market is provided through the European Senior Loans strategy, while the Mezzanine Finance strategy draws upon Oaktree's expertise in credit analysis as well as private equity and workouts. The Senior Bank Loan strategy was formed in 2007 to capitalize on the backlog of hung bridge loans held by investment banks. All emphasize fundamental credit analysis and Oaktree's bias toward risk control.