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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lcm Ltd Partnership</name>
        <lei>N/A</lei>
        <title>LCM 39, Ltd.</title>
        <cusip>50204RAA7</cusip>
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          <isin value="US50204RAA77"/>
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        <balance>7675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3239847.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ares Clo Ltd</name>
        <lei>N/A</lei>
        <title>Ares LIX CLO, Ltd.</title>
        <cusip>04018GAC0</cusip>
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          <isin value="US04018GAC06"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1467900.00000000</valUSD>
        <pctVal>1.489983694693</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Anchorage Capital Clo Ltd</name>
        <lei>54930063NKPB83QNUF90</lei>
        <title>Anchorage Capital CLO 21, Ltd.</title>
        <cusip>03331LAC1</cusip>
        <identifiers>
          <isin value="US03331LAC19"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>983500.00000000</valUSD>
        <pctVal>0.998296180755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ares Clo Ltd</name>
        <lei>N/A</lei>
        <title>ARES Loan Funding III, Ltd.</title>
        <cusip>04019PAC9</cusip>
        <identifiers>
          <isin value="US04019PAC95"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2089120.00000000</valUSD>
        <pctVal>2.120549585298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kennedy Lewis Clo Ltd</name>
        <lei>N/A</lei>
        <title>Kennedy Lewis CLO 14, Ltd.</title>
        <cusip>37149TAC4</cusip>
        <identifiers>
          <isin value="US37149TAC45"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1807040.00000000</valUSD>
        <pctVal>1.834225857115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Balboa Bay Loan Funding Ltd</name>
        <lei>549300G0EX8VHFWPJW18</lei>
        <title>Balboa Bay Loan Funding 2021-1, Ltd.</title>
        <cusip>05765YAC3</cusip>
        <identifiers>
          <isin value="US05765YAC30"/>
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        <balance>2626500.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1077915.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Money Management Corporation</name>
        <lei>N/A</lei>
        <title>AMMC CLO 24, Ltd.</title>
        <cusip>00177MAB4</cusip>
        <identifiers>
          <isin value="US00177MAB46"/>
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        <balance>2050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1040498.00000000</valUSD>
        <pctVal>1.056151682241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Money Management Corporation</name>
        <lei>N/A</lei>
        <title>AMMC CLO 24, Ltd.</title>
        <cusip>00177MAB4</cusip>
        <identifiers>
          <isin value="US00177MAB46"/>
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        <balance>5750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2918470.00000000</valUSD>
        <pctVal>2.962376669700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BENEFIT STREET PARTNERS CLO XXIII L</name>
        <lei>N/A</lei>
        <title>BSP 2021-23A SUB</title>
        <cusip>08186XAC0</cusip>
        <identifiers>
          <isin value="US08186XAC02"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2980000.00000000</valUSD>
        <pctVal>3.024832352468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO</title>
        <cusip>RP56XAC11</cusip>
        <identifiers>
          <other otherDesc="INTERNAL IDENTIFIER" value="P56XAC11"/>
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        <balance>-975000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-975000.00000000</valUSD>
        <pctVal>-0.98966830324</pctVal>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="784F5XWPLTWKTBV3E584" name="Goldman Sachs"/>
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            <repurchaseCollateral>
              <principalAmt>-975000.00000000</principalAmt>
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              <collateralVal>1575000.00000000</collateralVal>
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              <invstCat>ABS</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kennedy Lewis Clo Ltd</name>
        <lei>549300LO5FP76OLGQK93</lei>
        <title>Kennedy Lewis CLO 11, Ltd.</title>
        <cusip>37149JAC6</cusip>
        <identifiers>
          <isin value="US37149JAC62"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1977100.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ocp Clo Ltd</name>
        <lei>N/A</lei>
        <title>OCP CLO 2023-26, Ltd.</title>
        <cusip>67351PAE8</cusip>
        <identifiers>
          <isin value="US67351PAE88"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3193832.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cifc Funding Ltd</name>
        <lei>549300ZXX0SJBZWIWI81</lei>
        <title>CIFC Funding 2015-IV, Ltd.</title>
        <cusip>12550VAE0</cusip>
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          <isin value="US12550VAE02"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2472000.00000000</valUSD>
        <pctVal>2.509189790369</pctVal>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kkr Financial Clo Ltd</name>
        <lei>5493005MGEI63K1CMN61</lei>
        <title>KKR CLO 31, Ltd.</title>
        <cusip>48254MAC7</cusip>
        <identifiers>
          <isin value="US48254MAC73"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>883020.00000000</valUSD>
        <pctVal>0.896304518079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invesco Clo 2021-1, Ltd</name>
        <lei>25490016C8NV86EY2059</lei>
        <title>Invesco CLO 2021-1, Ltd.</title>
        <cusip>46090YAC3</cusip>
        <identifiers>
          <isin value="US46090YAC30"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2291840.00000000</valUSD>
        <pctVal>2.326319388819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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      <invstOrSec>
        <name>Vibrant Clo Ltd</name>
        <lei>5493000EYXFKXA2VRV24</lei>
        <title>Vibrant CLO XIV, Ltd.</title>
        <cusip>92557VAC9</cusip>
        <identifiers>
          <isin value="US92557VAC90"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1351620.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Harvest Us Clo Ltd</name>
        <lei>213800RQBB83K4W6BX61</lei>
        <title>Harvest US CLO 2024-1, Ltd.</title>
        <cusip>41755XAC2</cusip>
        <identifiers>
          <isin value="US41755XAC20"/>
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        <balance>7437582.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4160806.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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      <invstOrSec>
        <name>Rockford Tower Clo Ltd</name>
        <lei>N/A</lei>
        <title>Rockford Tower CLO 2025-1, Ltd.</title>
        <cusip>77341BAC5</cusip>
        <identifiers>
          <isin value="US77341BAC54"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3421800.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO</title>
        <cusip>RP85UAC80</cusip>
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          <other otherDesc="INTERNAL IDENTIFIER" value="P85UAC80"/>
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        <balance>-705887.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-705887.50000000</valUSD>
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          <transCat>Reverse repurchase</transCat>
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      <invstOrSec>
        <name>Rr Ltd</name>
        <lei>N/A</lei>
        <title>RR 23, Ltd.</title>
        <cusip>78111FAE8</cusip>
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          <isin value="US78111FAE88"/>
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        <balance>5580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2994786.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ares Clo Ltd</name>
        <lei>5493001J0ZSE1Y09WE50</lei>
        <title>ARES XLVII CLO, Ltd.</title>
        <cusip>04016WAC7</cusip>
        <identifiers>
          <isin value="US04016WAC73"/>
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        <balance>12500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144250.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Voya Clo Ltd</name>
        <lei>54930043I9VQ10YJ1Z07</lei>
        <title>Voya CLO 2025-1, Ltd.</title>
        <cusip>92945LAB4</cusip>
        <identifiers>
          <isin value="US92945LAB45"/>
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        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5939250.00000000</valUSD>
        <pctVal>6.028602533354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Venture Cdo Ltd</name>
        <lei>2549002JL5N18ARIHX27</lei>
        <title>Venture 50 Clo, Ltd.</title>
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          <isin value="US92333DAC02"/>
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        <curCd>USD</curCd>
        <valUSD>2438500.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oaktree Clo Ltd</name>
        <lei>N/A</lei>
        <title>Oaktree CLO 2021-2, Ltd.</title>
        <cusip>67389CAC7</cusip>
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          <isin value="US67389CAC73"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2443000.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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      </invstOrSec>
      <invstOrSec>
        <name>Apidos Clo</name>
        <lei>549300XIP4V1NMCICV93</lei>
        <title>Apidos CLO XI</title>
        <cusip>03764EAC3</cusip>
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          <isin value="US03764EAC30"/>
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        <balance>11945750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2566783.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ares Clo Ltd</name>
        <lei>N/A</lei>
        <title>ARES LX CLO, Ltd.</title>
        <cusip>04018JAC4</cusip>
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          <isin value="US04018JAC45"/>
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        <balance>3400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1324300.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ares Clo Ltd</name>
        <lei>N/A</lei>
        <title>Ares LXIII CLO, Ltd.</title>
        <cusip>039938AC9</cusip>
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          <isin value="US039938AC92"/>
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        <balance>2272000.00000000</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>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>OAKTREE CLO 2019-2 LTD</name>
        <lei>N/A</lei>
        <title>Oaktree 2019-3A SUB</title>
        <cusip>67400GAC3</cusip>
        <identifiers>
          <isin value="US67400GAC33"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3000000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Anchorage Capital Clo Ltd</name>
        <lei>54930014PVHLSZJQK139</lei>
        <title>Anchorage Capital CLO 7, Ltd.</title>
        <cusip>03328UAE2</cusip>
        <identifiers>
          <isin value="US03328UAE29"/>
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        <balance>12000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3183120.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO</title>
        <cusip>RP19PAC95</cusip>
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          <other otherDesc="INTERNAL IDENTIFIER" value="P19PAC95"/>
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        <balance>-700000.00000000</balance>
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        <curCd>USD</curCd>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="784F5XWPLTWKTBV3E584" name="Goldman Sachs"/>
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            <repurchaseCollateral>
              <principalAmt>-700000.00000000</principalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rr Ltd</name>
        <lei>N/A</lei>
        <title>RR 20, Ltd.</title>
        <cusip>74989TAC0</cusip>
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          <isin value="US74989TAC09"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2297520.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bain Capital Credit Clo, Limited</name>
        <lei>254900SOM2S14IE3BZ76</lei>
        <title>Bain Capital Credit CLO 2024-3, Ltd.</title>
        <cusip>05685UAC8</cusip>
        <identifiers>
          <isin value="US05685UAC80"/>
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        <balance>3790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2033069.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marble Point Clo Xxi Ltd.</name>
        <lei>N/A</lei>
        <title>Marble Point CLO XXI, Ltd.</title>
        <cusip>56606TAB2</cusip>
        <identifiers>
          <isin value="US56606TAB26"/>
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        <balance>3800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>933774.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Highbridge Loan Management Ltd</name>
        <lei>529900WV2JMUABMCHN18</lei>
        <title>HPS Loan Management 2021-16, Ltd.</title>
        <cusip>40441AAC4</cusip>
        <identifiers>
          <isin value="US40441AAC45"/>
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        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>911646.00000000</valUSD>
        <pctVal>0.925361179462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First American Government Obligations Fund</name>
        <lei>549300R5MYM6VZF1RM44</lei>
        <title>First American Government Obligations Fund</title>
        <cusip>31846V336</cusip>
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          <isin value="US31846V3362"/>
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        <balance>934566.97000000</balance>
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        <curCd>USD</curCd>
        <valUSD>934566.97000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Signal Peak Clo, Llc</name>
        <lei>N/A</lei>
        <title>Signal Peak CLO 14, Ltd.</title>
        <cusip>82667HAC8</cusip>
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          <isin value="US82667HAC88"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5715200.00000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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      <invstOrSec>
        <name>Lcm Ltd Partnership</name>
        <lei>N/A</lei>
        <title>LCM 42, Ltd.</title>
        <cusip>52113BAC4</cusip>
        <identifiers>
          <isin value="US52113BAC46"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242450.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>REVERSE REPO</title>
        <cusip>RP55XAC20</cusip>
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          <other otherDesc="INTERNAL IDENTIFIER" value="P55XAC20"/>
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        <balance>-1078449.39000000</balance>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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      <invstOrSec>
        <name>Regatta Xxii Funding Ltd.</name>
        <lei>N/A</lei>
        <title>Regatta XXII Funding, Ltd.</title>
        <cusip>758969AC3</cusip>
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          <isin value="US758969AC32"/>
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        <balance>1250000.00000000</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>
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      <invstOrSec>
        <name>Apex Credit Clo Llc</name>
        <lei>254900H6CNZLCIDMYC58</lei>
        <title>Apex Credit CLO 2021-II LLC</title>
        <cusip>58406DAC3</cusip>
        <identifiers>
          <isin value="US58406DAC39"/>
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        <balance>3450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1174207.50000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>RP00GAC33</cusip>
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          <other otherDesc="INTERNAL IDENTIFIER" value="P00GAC33"/>
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        <balance>-1005000.00000000</balance>
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        <curCd>USD</curCd>
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          <transCat>Reverse repurchase</transCat>
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      <invstOrSec>
        <name>Regatta Xix Funding Ltd</name>
        <lei>N/A</lei>
        <title>Regatta XIX Funding, Ltd.</title>
        <cusip>75888CAE2</cusip>
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          <isin value="US75888CAE21"/>
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        <balance>9053000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5343892.65000000</valUSD>
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        <assetCat>ABS-O</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shackleton Clo Ltd</name>
        <lei>549300HOHPZON6E4VH77</lei>
        <title>Shackleton 2019-XIV Clo, Ltd.</title>
        <cusip>81880YAC4</cusip>
        <identifiers>
          <isin value="US81880YAC49"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1479300.00000000</valUSD>
        <pctVal>1.501555201008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dryden Senior Loan Fund</name>
        <lei>5493002P75UIPU4MC757</lei>
        <title>Dryden 43 Senior Loan Fund</title>
        <cusip>26245BAA3</cusip>
        <identifiers>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL IDENTIFIER" value="P52HAC88"/>
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        <valUSD>-937750.00000000</valUSD>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="784F5XWPLTWKTBV3E584" name="Goldman Sachs"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>7.82000000</repurchaseRt>
          <maturityDt>2026-03-20</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>-937750.00000000</principalAmt>
              <principalCd>USD</principalCd>
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              <invstCat>ABS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kennedy Lewis Clo Ltd</name>
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          <isin value="US37149UAC18"/>
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        <valUSD>2555100.00000000</valUSD>
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        <name>Harvest Us Clo Ltd</name>
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      </invstOrSec>
      <invstOrSec>
        <name>BlueMountain Clo 2014-4 Limited</name>
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        <balance>4500000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bain Capital Credit Clo, Limited</name>
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        <balance>4550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1430065.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Madison Park Funding Ltd</name>
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          <isin value="USG57545AD09"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>240464.16000000</valUSD>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
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        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pearl Diver Credit Company Inc.</ncom:nameOfApplicant>
      <ncom:signature>Echo Chan</ncom:signature>
      <ncom:signerName>Echo Chan</ncom:signerName>
      <ncom:title>Senior Operations Director</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
