Externally managed, non-diversified closed-end BDC that invests mainly in directly originated, senior secured, floating-rate first lien and unitranche loans to U.S. middle-market companies with $25-100 million of EBITDA, including non-sponsored borrowers. Second lien, unsecured, mezzanine and equity co-investments are permitted to a lesser extent. The primary objective is current income, with capital appreciation secondary. At 6/30/2026 the portfolio held 54 companies, 98.6% first lien and 98.8% floating rate, financed by an asset-based facility and a subscription facility.