The prospectus states the objective is to generate attractive risk-adjusted returns with consistent current income. It invests primarily in private credit to U.S. middle-market companies (senior secured, unitranche, second-lien and unsecured debt; directly originated and broadly syndicated loans; high-yield bonds), with at least 80% of Managed Assets in private credit under normal circumstances. It uses a credit facility for leverage within 300% asset coverage. At 12/31/2025 first lien was 71.5% of the portfolio.