The Prospectus states the Fund's objective is to produce current income while managing liquidity and protecting against downside scenarios. Under its 80% policy the Fund invests in private credit and other cash-flow producing investments: corporate loans and credit facilities, equipment leasing, real estate backed loans, corporate and consumer receivables and other specialty finance. It primarily targets first lien, asset-backed loans but may also hold second lien, unsecured, preferred and common equity positions, including distressed and below investment grade credit. Leverage through a secured credit facility normally ranges up to 25% of total assets.