Externally managed, non-diversified BDC seeking attractive risk-adjusted returns, predominantly current income, with select investments capturing long-term capital appreciation. It originates senior secured loans to upper-middle-market private U.S. companies (at least 80% of total assets in credit), with smaller allocations to liquid credit, asset-based financings and joint ventures. At 6/30/2026: 359 borrowers across 53 industries, 95.2% first lien, 39% weighted LTV, about $24.4B at amortized cost, debt-to-equity about 1.0x.