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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>IVY HILL MIDDLE MARKET CREDIT FUND XX LTD</name>
        <lei>5493003XZKSFJKWICW70</lei>
        <title>Ivy Hill Middle Market Credit Fund XX Ltd. </title>
        <cusip>46604JAC5</cusip>
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          <isin value="US46604JAC53"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO 2024-II LTD</name>
        <lei>N/A</lei>
        <title>Jefferies Credit Partners DL CLO 2024-II Ltd </title>
        <cusip>471913AC7</cusip>
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          <isin value="US471913AC70"/>
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        <curCd>USD</curCd>
        <valUSD>30879860.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JEFFERIES CREDIT PARTNERS DIRECT LENDING CLO 2024-I LTD</name>
        <lei>N/A</lei>
        <title>Jefferies Credit Partners Direct Lending CLO Ltd. </title>
        <cusip>47234UAC6</cusip>
        <identifiers>
          <isin value="US47234UAC62"/>
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        <balance>20403000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="US50203EAA73"/>
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        <balance>8696000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LAKE SHORE MM CLO V LLC</name>
        <lei>N/A</lei>
        <title>Lake Shore MM CLO V LLC </title>
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          <isin value="US51076LAG05"/>
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        <balance>22400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Maranon Loan Funding 2021-3 Ltd.</name>
        <lei>N/A</lei>
        <title>Maranon Loan Funding Ltd. </title>
        <cusip>56577NAN4</cusip>
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          <isin value="US56577NAN49"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Loan Advisers Clo 30 Ltd.</name>
        <lei>549300WWWM7IDWOVIL36</lei>
        <title>Neuberger Berman Loan Advisers CLO 30 Ltd. </title>
        <cusip>64132FAC7</cusip>
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          <isin value="US64132FAC77"/>
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        <balance>14555000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW MOUNTAIN CLO 3 LTD</name>
        <lei>549300CEYMYPINCEX579</lei>
        <title>New Mountain CLO 3 Ltd. </title>
        <cusip>647549AC8</cusip>
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          <isin value="US647549AC85"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW MOUNTAIN CLO 2 LTD</name>
        <lei>N/A</lei>
        <title>New Mountain CLO 2 Ltd. </title>
        <cusip>64754KAC3</cusip>
        <identifiers>
          <isin value="US64754KAC36"/>
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        <balance>8250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5124239.34000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW MOUNTAIN CLO 4 LTD</name>
        <lei>254900ME08D8W4AAI581</lei>
        <title>New Mountain CLO 4 Ltd. </title>
        <cusip>64754PAC2</cusip>
        <identifiers>
          <isin value="US64754PAC23"/>
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        <balance>16500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12793733.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW MOUNTAIN CLO 1 LTD</name>
        <lei>5493000BYT2KQ1EMLL07</lei>
        <title>New Mountain CLO 1 Ltd. </title>
        <cusip>64755AAC4</cusip>
        <identifiers>
          <isin value="US64755AAC45"/>
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        <balance>10520364.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8688588.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OCP CLO 2020-20 LTD</name>
        <lei>25490028U8Y2XMZWXO46</lei>
        <title>OCP CLO Ltd. </title>
        <cusip>670864AC1</cusip>
        <identifiers>
          <isin value="US670864AC19"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3892816.98000000</valUSD>
        <pctVal>0.930655632946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OAKTREE CLO 2019-3 LTD</name>
        <lei>N/A</lei>
        <title>Oaktree CLO  Ltd. </title>
        <cusip>67400GAC3</cusip>
        <identifiers>
          <isin value="US67400GAC33"/>
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        <balance>8981520.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5446658.32000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oaktree CLO 2019-4 Ltd.</name>
        <lei>N/A</lei>
        <title>Oaktree CLO Ltd. </title>
        <cusip>67400JAC7</cusip>
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          <isin value="US67400JAC71"/>
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        <balance>9000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5601735.54000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oaktree CLO 2019-2 Ltd/Llc</name>
        <lei>N/A</lei>
        <title>Oaktree CLO Ltd. </title>
        <cusip>67401VAC9</cusip>
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          <isin value="US67401VAC90"/>
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        <balance>10880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4360919.21000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OAKTREE CLO 2022-1 LTD</name>
        <lei>N/A</lei>
        <title>Oaktree CLO Ltd. </title>
        <cusip>67402NAC6</cusip>
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          <isin value="US67402NAC65"/>
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        <balance>9000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5280717.78000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OCTAGON INVESTMENT PARTNERS 20-R LTD</name>
        <lei>N/A</lei>
        <title>OCTAGON INVESTMENT PARTNERS 20-R Ltd. </title>
        <cusip>67576VAC8</cusip>
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          <isin value="US67576VAC81"/>
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        <balance>51980000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>OCTAGON 70 ALTO LTD</name>
        <lei>N/A</lei>
        <title>Octagon 70 Alto Ltd. </title>
        <cusip>67578PAC9</cusip>
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        <balance>6000000.00000000</balance>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>SYMPHONY CLO 30 LTD</name>
        <lei>2549004J4MWM1CEW4533</lei>
        <title>Symphony CLO 30 Ltd. </title>
        <cusip>87169FAE0</cusip>
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          <isin value="US87169FAE07"/>
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        <balance>9227500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4275370.01000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>TCW CLO Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US87190NAA46"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3289504.82000000</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>TCP Whitney CLO Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US87240GAC50"/>
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        <balance>11500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5353091.99000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tcp Whitney Clo Ltd / Tcp Whit</name>
        <lei>549300HQR4ENRKHLM113</lei>
        <title>TCP Whitney CLO LLC </title>
        <cusip>87240GAK7</cusip>
        <identifiers>
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        <balance>3575763.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2132812.76000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THL CREDIT LAKE SHORE MM CLO II LTD</name>
        <lei>5493004NSSTVWDFT9W29</lei>
        <title>Lake Shore MM CLO II Ltd. </title>
        <cusip>87249YAC7</cusip>
        <identifiers>
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        <balance>17300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4203579.09000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TCW CLO 2024-2 LTD</name>
        <lei>N/A</lei>
        <title>TCW Gem Ltd. </title>
        <cusip>87252HAC8</cusip>
        <identifiers>
          <isin value="US87252HAC88"/>
        </identifiers>
        <balance>18000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12171457.08000000</valUSD>
        <pctVal>2.909829861219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tcw Clo 2021-2 Ltd / Tcw Clo 2021-2 Llc</name>
        <lei>N/A</lei>
        <title>TCW CLO Ltd. </title>
        <cusip>87301QAC9</cusip>
        <identifiers>
          <isin value="US87301QAC96"/>
        </identifiers>
        <balance>8125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3818581.24000000</valUSD>
        <pctVal>0.912908096919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BlackRock Baker CLO Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US91734KAN72"/>
        </identifiers>
        <balance>7347140.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1477929.52000000</valUSD>
        <pctVal>0.353328563852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Voya CLO Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US92918RAA68"/>
        </identifiers>
        <balance>6960000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4123132.81000000</valUSD>
        <pctVal>0.985717231178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VOYA CLO 2021-1 LTD</name>
        <lei>N/A</lei>
        <title>Voya CLO Ltd. </title>
        <cusip>92919HAC3</cusip>
        <identifiers>
          <isin value="US92919HAC34"/>
        </identifiers>
        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5031534.32000000</valUSD>
        <pctVal>1.202888751597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VOYA CLO 2024-2 LTD</name>
        <lei>N/A</lei>
        <title>Voya CLO 2024-2 Ltd. </title>
        <cusip>92920JAC6</cusip>
        <identifiers>
          <isin value="US92920JAC62"/>
        </identifiers>
        <balance>10500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7861218.75000000</valUSD>
        <pctVal>1.879381319259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Woodmont 2017-1 Trust</name>
        <lei>2549007D5SGOER780O38</lei>
        <title>Woodmont Trust </title>
        <cusip>97988RAS1</cusip>
        <identifiers>
          <isin value="US97988RAS13"/>
        </identifiers>
        <balance>24084000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23862369.16000000</valUSD>
        <pctVal>5.704775844405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>AUDAX 2023-8A Interests </title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="dummy ID" value="AUXMHV3Z0"/>
        </identifiers>
        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10967671.80000000</valUSD>
        <pctVal>2.622040952198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Lake Shore MM CLO II Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="USG8829YAB68"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>413068.47000000</valUSD>
        <pctVal>0.098752266128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FCO XXVII Warehouse </title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="dummy ID" value="FCOWH"/>
        </identifiers>
        <balance>11730000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11730000.00000000</valUSD>
        <pctVal>2.804290730991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYMPHONY CLO XXIV LTD</name>
        <lei>5493007X3UVVYJ005O73</lei>
        <title>Symphony CLO XXIV Ltd. </title>
        <cusip>G86533AB5</cusip>
        <identifiers>
          <isin value="USG86533AB53"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2081777.45000000</valUSD>
        <pctVal>0.497690469481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>New Mountain Guardian IV Feeder III, Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="dummy ID" value="NMGFPFND3"/>
        </identifiers>
        <balance>13921219.79000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14109156.26000000</valUSD>
        <pctVal>3.373075543224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Flat Rock Opportunity Fund</ncom:nameOfApplicant>
      <ncom:signature>Gregory Knoth</ncom:signature>
      <ncom:signerName>Gregory Knoth</ncom:signerName>
      <ncom:title>SVP, Mutual Fund Controller</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
