Broad economic events and specific technical conditions have combined to create a period of unprecedented opportunity in the leveraged loan market. Beginning in early-to mid-2007 with the ripple effects of deterioration in residential mortgage quality, and spiraling into the forced liquidation of numerous loan investment vehicles in 2008, the capital markets have reached a meaningful and fundamental disconnect between the performance and relative risk associated with bank loans as an asset class. As with any such event, this confluence of circumstances offers tremendous risk-reward prospects for investors in this space.