The company also uses qualitative analysis to make private equity investments in technology, wind power, real estate, financial services firms, and distressed company financing. In addition to its financial businesses, D. E. Shaw & Co. has provided private equity capital to technology-related business ventures. Examples include Juno Online Services, an Internet access provider, and Farsight, an online financial services platform that was acquired by Merrill Lynch. Size of assets The company had $40 billion in aggregate capital and $15.6 billion in hedge fund assets under management as of 2011. It was ranked as the 21st-largest hedge fund by "Institutional Investor". In 2004, a subsidiary of one of the company's funds acquired the toy store FAO Schwarz out of bankruptcy. FAO Schwarz reopened for business in New York and Las Vegas in the fall of 2004. In the same year, D. E. Shaw affiliate Laminar Portfolios acquired the online assets of KB Toys, which continued operating as eToys.com. In August 2004, D. E. Shaw & Co., along with MIC Capital, proposed to inject $50 million into the bankrupt WCI Steel. In December 2004, D. E. Shaw & Co. bought 6.6 percent of USG Corporation, a wallboard manufacturer seeking bankruptcy protection as a result of rising asbestos liabilities. In 2006, the "Financial Times" reported the firm's involvement as potential financing and investment partners for Penn National Gaming (the casino and racetrack company) as an example of the breadth of Wall Street firms' involvement in the "private equity boom," describing D. E. Shaw as "a hedge fund group." The financing was required as Penn National Gaming had a market value of $3.3 billion (2006) and $1.4 billion in annual revenues and wanted to acquire Harrah's Entertainment, a company with a market value of $14.7 billion (2006) and at that time the largest US casino operator. In late 2009, the "Financial Times" reported that D. E. Shaw & Co. had set up a portfolio acquisitions unit, the aim of which was to acquire illiquid assets from rival hedge funds, during the financial crisis. Shaw entered the Indian market in 2006, with Anil Chawla, then the CEO of GE-Commercial finance, India & South East Asia, as the Country Manager. The India operations were initially headquartered in Hyderabad, Telangana. Shaw entered into several large private equity deals in the country. This included a joint-venture with India's largest private sector company, Reliance Industries, to provide financial services.