The prospectus states the Fund seeks long-term investment returns by investing primarily in private credit acquired through secondary transactions: buying existing interests in private credit funds managed by unaffiliated managers (LP-led sales and GP-led continuation vehicles), plus co-investments and direct credit investments. Under normal circumstances at least 80% of net assets is invested in private credit acquired through secondaries. Exposure spans senior and subordinated credit across performing, opportunistic, distressed and special situations, with a core focus on senior direct lending per the annual report. A liquid sleeve of cash and short-term instruments supports liquidity.