The investment seeks to achieve attractive risk-adjusted returns via current income and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by U.S. middle-market companies in which private equity sponsors have a controlling equity stake in the portfolio company. Under normal market circumstances, the fund manager expects that investments other than first lien senior secured term loans would not exceed 10% of the fund's gross assets at the time of acquisition of any such investments. The fund is non-diversified.