The investment seeks to generate current income and, as a secondary objective, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. Under normal market conditions, the managers will invest at least 80% of its net assets (plus any borrowings for investment purposes) in floating rate loans and other income producing investments. We intend to meet the fund's investment objective by primarily lending to and investing in the debt of privately-owned U.S. middle market companies, which the manager defines as companies with annual revenue between $50 million and $2.5 billion. The fund is non-diversified.