In spite of the Trump-induced fireworks that happened in the last 45 days of the year, we found nothing exciting in the private loan space.  Sellers were pretty proud on pricing and 'motivated' borrowers simply didn't materialize as we had hoped.  We have a number of opportunities in the pipeline, but wouldn't describe any of them as sure-thing closings.  In our view, it remains a better time to play defense than offense.  Hence, we expect to remain very picky in adding new assets and relatively small and nimble in terms of AUM until the risk-reward equation looks more appealing.