The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCE AUTO PARTS INC COM 00751Y106   464,900 10,000 SH Put SOLE   10,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102   448,800 40,000 SH Call SOLE   40,000 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   65,106 1,805 SH   SOLE   0 0 1,805
AMERICAN TOWER CORP NEW COM 03027X100   172,174 779 SH   SOLE   0 0 779
AMERICOLD REALTY TRUST INC COM 03064D108   498,900 30,000 SH Call SOLE   30,000 0 0
ARES CAPITAL CORP COM 04010L103   30,152,199 1,373,051 SH   SOLE   0 0 1,283,611
AVALONBAY CMNTYS INC COM 053484101   51,078 251 SH   SOLE   0 0 251
BAIN CAP SPECIALTY FIN INC COM STK 05684B107   8,329,182 553,802 SH   SOLE   0 0 453,661
BARINGS BDC INC COM 06759L103   2,663,149 291,373 SH   SOLE   0 0 291,373
BLACKROCK TCP CAPITAL CORP COM 09259E108   1,974,195 256,389 SH   SOLE   0 0 256,389
BLACKSTONE SECD LENDING FD COMMON STOCK 09261X102   19,873,017 646,277 SH   SOLE   0 0 580,869
BLUE OWL CAPITAL CORPORATION COM 69121K104   20,870,909 1,455,433 SH   SOLE   0 0 1,313,043
BUILDERS FIRSTSOURCE INC COM 12008R107   1,108,555 9,500 SH Call SOLE   9,500 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   567,800 20,000 SH Call SOLE   20,000 0 0
CAPITAL SOUTHWEST CORP COM 140501107   4,976,411 225,790 SH   SOLE   0 0 175,790
CARLYLE SECURED LENDING INC COM 872280102   4,823,800 352,617 SH   SOLE   0 0 276,580
CLEVELAND-CLIFFS INC NEW COM 185899101   228,000 30,000 SH Call SOLE   30,000 0 0
CRESCENT CAP BDC INC COM 225655109   1,556,964 110,423 SH   SOLE   0 0 110,423
CROWN CASTLE INC COM 22822V101   80,848 787 SH   SOLE   0 0 787
DIGITAL RLTY TR INC COM 253868103   260,797 1,496 SH   SOLE   0 0 1,496
EQUINIX INC COM 29444U700   303,869 382 SH   SOLE   0 0 382
EQUITY RESIDENTIAL SH BEN INT 29476L107   84,767 1,256 SH   SOLE   0 0 1,256
ESSEX PPTY TR INC COM 297178105   32,874 116 SH   SOLE   0 0 116
EXTRA SPACE STORAGE INC COM 30225T102   80,797 548 SH   SOLE   0 0 548
EXXON MOBIL CORP COM 30231G102   2,156,000 20,000 SH Call SOLE   20,000 0 0
FIDUS INVT CORP COM 316500107   3,842,605 190,228 SH   SOLE   0 0 154,098
FS KKR CAP CORP COM 302635206   16,761,020 807,760 SH   SOLE   0 0 731,614
GOLDMAN SACHS BDC INC SHS 38147U107   5,714,291 507,937 SH   SOLE   0 0 464,541
GOLUB CAP BDC INC COM 38173M102   17,991,987 1,228,122 SH   SOLE   0 0 1,097,330
GRAY MEDIA INC COM 389375106   95,130 21,000 SH Call SOLE   21,000 0 0
HERCULES CAPITAL INC COM 427096508   13,493,729 738,169 SH   SOLE   0 0 639,923
HF SINCLAIR CORP COM 403949100   513,500 12,500 SH Call SOLE   12,500 0 0
HIMS & HERS HEALTH INC COM CL A 433000106   623,125 12,500 SH Put SOLE   12,500 0 0
HOST HOTELS & RESORTS INC COM 44107P104   92,881 6,047 SH   SOLE   0 0 6,047
IRON MTN INC DEL COM 46284V101   150,983 1,472 SH   SOLE   0 0 1,472
JETBLUE AWYS CORP COM 477143101   211,500 50,000 SH Call SOLE   50,000 0 0
MAIN STR CAP CORP COM 56035L104   18,723,352 316,808 SH   SOLE   0 0 291,405
MIDCAP FINANCIAL INVSTMNT CO COM NEW 03761U502   5,065,579 401,393 SH   SOLE   0 0 340,837
MORGAN STANLEY DIRECT LENDIN COM SHS 61774A103   8,529,412 455,631 SH   SOLE   0 0 378,455
NAVITAS SEMICONDUCTOR CORP COM 63942X106   163,750 25,000 SH Call SOLE   25,000 0 0
NEW MTN FIN CORP COM 647551100   6,071,250 575,474 SH   SOLE   0 0 497,384
NEXGEN ENERGY LTD COM 65340P106   242,900 35,000 SH Call SOLE   35,000 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P405   3,563,265 260,854 SH   SOLE   0 0 246,212
PDD HOLDINGS INC NOTE 12/0 722304AC6   72,937 750 SH   SOLE   0 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106   1,083,193 104,859 SH   SOLE   0 0 81,236
PRA GROUP INC COM 69354N106   295,000 20,000 SH Call SOLE   20,000 0 0
PROLOGIS INC. COM 74340W103   219,385 2,087 SH   SOLE   0 0 2,087
RITHM CAPITAL CORP COM NEW 64828T201   677,400 60,000 SH Call SOLE   60,000 0 0
RLJ LODGING TR COM 74965L101   364,000 50,000 SH Call SOLE   50,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109   117,515 731 SH   SOLE   0 0 731
SIXTH STREET SPECIALTY LENDI COM 83012A109   14,491,146 608,616 SH   SOLE   0 0 541,339
SLR INVESTMENT CORP COM 83413U100   4,318,757 267,581 SH   SOLE   0 0 210,488
SPDR SERIES TRUST PORTFOLIO INTRMD 78464A375   310,077 9,234 SH   SOLE   0 0 0
STELLUS CAP INVT CORP COM 858568108   2,007,429 144,005 SH   SOLE   0 0 96,406
UNIVERSAL HLTH SVCS INC CL B 913903100   1,358,625 7,500 SH Put SOLE   7,500 0 0
UTZ BRANDS INC COM CL A 918090101   439,250 35,000 SH Call SOLE   35,000 0 0
VENTURE GLOBAL INC COM CL A 92333F101   311,600 20,000 SH Call SOLE   20,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   171,900 15,000 SH Call SOLE   15,000 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104   513,800 20,000 SH Call SOLE   20,000 0 0