Externally managed, non-diversified, finite-life private BDC that targets current income from first lien and unitranche loans to U.S. middle-market (EBITDA $25-125 million) and upper middle-market companies, sponsored and non-sponsored. Up to 30% may go to non-qualifying assets (European direct lending, structured credit, special situations). At 6/30/2026 the portfolio held 74 companies at $2.807 billion fair value, 90.7% first lien and 95.2% floating rate, with no non-accruals.