Privately offered, perpetual-life BDC seeking current income and, to a lesser extent, long-term capital appreciation. It invests at least 80% of total assets in private credit, mainly senior secured floating rate loans to U.S. sponsor-backed middle-market companies, sourced through a multi-lender approach that buys into loans originated by third-party direct lenders rather than leading its own originations. A smaller sleeve invests in third-party private credit funds, largely via secondaries. The portfolio is predominantly first lien and broadly diversified by borrower and industry.