|Management of DES Assets|
We obtain DES Assets primarily through debt-to-equity swaps, receipt of equity interests in satisfaction of debts and follow-on equity investments. We enhance the value of our DES Assets by improving the business operations of the DES Companies. We exit such investments primarily through asset swaps, trade sales, restructuring and initial public offerings of DES Companies and realize gain from the appreciation of our DES Assets. We conduct our DES asset business primarily through Headquarters.