Brazos Fund

Brazos Fund, L.P. (“Brazos Fund”), formed in March 1995, held its final closing in November 1995 with approximately $250 million in capital commitments. Over its 15 month investment period, Brazos Fund invested all of its equity capital in 19 investments, including secured and unsecured non-performing loan portfolios, comprised of 3,878 assets with an aggregate purchase price of approximately $1.3 billion. Asset management services were provided by Brazos Advisors (which was subsequently renamed Hudson Advisors L.P.). Brazos Fund has liquidated all of its investments.