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          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>




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      <regName>FS Credit Opportunities Corp.</regName>
      <regFileNumber>811-22802</regFileNumber>
      <regCik>0001568194</regCik>
      <regLei>549300XFGO8P7BHG1O49</regLei>
      <regStreet1>3025 JFK Boulevard OFC 500</regStreet1>
      <regCity>PHILADELPHIA</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>19104</regZipOrPostalCode>
      <regPhone>215-495-1150</regPhone>
      <seriesName>FS Credit Opportunities Corp.</seriesName>
      <seriesLei>549300XFGO8P7BHG1O49</seriesLei>
      <repPdEnd>2025-12-31</repPdEnd>
      <repPdDate>2025-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>722550016.25</totLiabs>
      <netAssets>1437070779.87</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>285000003.00000000</amtPayAftOneYrBanksBorr>
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      <standByCommit>0.00000000</standByCommit>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <fundsDesignatedInfo>
          <nameDesignatedIndex>Securities Portfolio VaR</nameDesignatedIndex>
          <indexIdentifier>Designated Reference Portfolio is the Fund's Securities Portfolio Without Derivatives</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Arrow Purchaser Inc</name>
        <lei>N/A</lei>
        <title>Arrow Purchaser Inc Term Loan</title>
        <cusip>00160KAB7</cusip>
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          <isin value="US00160KAB70"/>
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        <units>PA</units>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Alegeus Technologies Holdings Corporation</name>
        <lei>N/A</lei>
        <title>Alegeus Technologies Holdings Corporation 2024 Term Loan B</title>
        <cusip>01446CAC7</cusip>
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          <isin value="US01446CAC73"/>
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        <curCd>USD</curCd>
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        <pctVal>2.010000161760</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ancile Solutions, Inc.</name>
        <lei>N/A</lei>
        <title>Ancile Solutions Inc 2021 PIK Term Loan</title>
        <cusip>03332MAE4</cusip>
        <identifiers>
          <isin value="US03332MAE49"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Aptim Crop</name>
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        <title>Aptim Crop Term Loan</title>
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      </invstOrSec>
      <invstOrSec>
        <name>By Light Professional IT Services LLC</name>
        <lei>N/A</lei>
        <title>By Light Professional IT Services LLC Term Loan</title>
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          <isin value="US05615SAB07"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US05615SAC89"/>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bridge Street CLO I Ltd</name>
        <lei>N/A</lei>
        <title>Bridge Street CLO I Ltd</title>
        <cusip>10805YAU5</cusip>
        <identifiers>
          <isin value="US10805YAU55"/>
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        <curCd>USD</curCd>
        <valUSD>3458892.50000000</valUSD>
        <pctVal>0.240690475963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-20</maturityDt>
          <couponKind>Floating</couponKind>
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          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bridge Street CLO I Ltd</name>
        <lei>N/A</lei>
        <title>Bridge Street CLO I Ltd</title>
        <cusip>10806AAC6</cusip>
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          <isin value="US10806AAC62"/>
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        <balance>28200000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bridge Street CLO I Ltd</name>
        <lei>N/A</lei>
        <title>Bridge Street CLO II Ltd</title>
        <cusip>10806LAC2</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <couponKind>Variable</couponKind>
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        </debtSec>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Claros Mortgage Trust Inc</name>
        <lei>549300Z9LU2CZ3K30C16</lei>
        <title>Claros Mortgage Trust Inc 2021 Term Loan B</title>
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        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>EyeCare Partners LLC</name>
        <lei>254900ZAACWK09RJ8W93</lei>
        <title>EyeCare Partners LLC 2024 Superpriority New Money 1st Out Term Loan A</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Brands Group LLC</name>
        <lei>2549005IXRZR7KSBJD91</lei>
        <title>First Brands Group LLC 2022 Incremental Term Loan</title>
        <cusip>31935HAG2</cusip>
        <identifiers>
          <isin value="US31935HAG20"/>
        </identifiers>
        <balance>0.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-30</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>GUITAR CENTER INC</name>
        <lei>N/A</lei>
        <title>Guitar Center Inc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IXS Holdings Inc</name>
        <lei>254900I3GPHU9VH9Z454</lei>
        <title>IXS Holdings Inc 2025 Repriced Term Loan B</title>
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        <balance>29123168.43000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LaserShip Inc</name>
        <lei>254900NGHREGOQUFUT53</lei>
        <title>LaserShip Inc 2024 Third Out Term Loan E</title>
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          <isin value="US51809EAQ89"/>
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        <balance>22481339.30000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Lifescan Global Corporation</name>
        <lei>549300VL0F83S4LR4105</lei>
        <title>Lifescan Global Corporation 2023 Term Loan</title>
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          <isin value="US53227PAP53"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-31</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>MLN US HoldCo LLC</name>
        <lei>549300QKU7NPW6O86862</lei>
        <title>MLN US HoldCo LLC 2025 PIK Exit Term Loan A2</title>
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          <isin value="US55292HAU77"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Maverick Gaming LLC</name>
        <lei>N/A</lei>
        <title>Maverick Gaming LLC 2024 Second Out Term Loan</title>
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          <isin value="US57770JAE64"/>
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        <balance>14846203.70000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Monitronics International Inc</name>
        <lei>SCAKOG18M6QWWML8YF46</lei>
        <title>Monitronics International Inc 2023 Exit Term Loan</title>
        <cusip>60945HAG9</cusip>
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          <isin value="US60945HAG92"/>
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        <balance>41659226.64000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MOUNTAINEER MERGER CORPORATION</name>
        <lei>254900GJKZ8ZX0D5KG41</lei>
        <title>Mountaineer Merger Corporation 2025 Term Loan</title>
        <cusip>62450LAD0</cusip>
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          <isin value="US62450LAD01"/>
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        <balance>2558265.43000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Mountaineer Merger Corporation</name>
        <lei>254900GJKZ8ZX0D5KG41</lei>
        <title>Mountaineer Merger Corporation 2025 1st Lien Delayed Draw Term Loan</title>
        <cusip>62450LAE8</cusip>
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          <isin value="US62450LAE83"/>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-14</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>New WPCC Parent LLC</name>
        <lei>N/A</lei>
        <title>New WPCC Parent LLC Term Loan</title>
        <cusip>64929VAB1</cusip>
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          <isin value="US64929VAB18"/>
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        <balance>9172417.90000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Pretium Packaging LLC</name>
        <lei>254900S6SXME9YWLU075</lei>
        <title>Pretium Packaging LLC First Out Term Loan A</title>
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        <balance>25375643.77000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-02</maturityDt>
          <couponKind>Floating</couponKind>
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        <name>Pyxus Holding Inc</name>
        <lei>254900VQMPHIAYHG0L57</lei>
        <title>Pyxus Holding Inc 2023 Term Loan</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Pyxus Holding Inc</name>
        <lei>254900VQMPHIAYHG0L57</lei>
        <title>Pyxus Holding Inc 2023 First Lien Term Loan</title>
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      <invstOrSec>
        <name>Recovery Solutions Parent LLC</name>
        <lei>N/A</lei>
        <title>Recovery Solutions Parent LLC Term Loan</title>
        <cusip>75627HAB3</cusip>
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          <isin value="US75627HAB33"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Titan Purchaser Inc</name>
        <lei>N/A</lei>
        <title>Titan Purchaser Inc Term Loan B</title>
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          <isin value="US88831XAB38"/>
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        <balance>14558984.40000000</balance>
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        <name>TruGreen Limited Partnership</name>
        <lei>549300QNRP2MNHR3QM19</lei>
        <title>TruGreen Limited Partnership 2020 Term Loan</title>
        <cusip>89787RAH5</cusip>
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          <isin value="US89787RAH57"/>
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        <balance>13618597.90000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-02</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>TruGreen Limited Partnership</name>
        <lei>549300QNRP2MNHR3QM19</lei>
        <title>TruGreen Limited Partnership 2020 2nd Lien Term Loan</title>
        <cusip>89787RAK8</cusip>
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          <isin value="US89787RAK86"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9328150.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-02</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.60000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>MBS SERVICES CAPITAL, LLC</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>United States Treasury</name>
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      <invstOrSec>
        <name>UNIVERSAL ENTERTAINMENT</name>
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        <name>Vireo Growth Inc</name>
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        <name>Selecta Group BV</name>
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        <name>Powerhouse Intermediate LLC</name>
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        <name>Circustrix Holdings LLC</name>
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        <name>TravelPro Products Inc</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALT CREEK MIDSTREAM LLC</name>
        <lei>N/A</lei>
        <title>SALT CREEK MIDSTREAM LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="967GTG000"/>
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        <balance>195.70000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALT CREEK MIDSTREAM LLC</name>
        <lei>N/A</lei>
        <title>SALT CREEK MIDSTREAM LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="967GTGII2"/>
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        <balance>1.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
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              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SALT CREEK MIDSTREAM LLC SERIES B PFD UNITS</issuerName>
                <issueTitle>SALT CREEK MIDSTREAM LLC SERIES B PFD UNITS</issueTitle>
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                  <other otherDesc="Internal Identifier" value="967GTF903"/>
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            <delta>XXXX</delta>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MLN US HOLDCO LLC</name>
        <lei>549300QKU7NPW6O86862</lei>
        <title>MLN US HOLDCO LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AACLN0"/>
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        <balance>13210.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GUITAR CENTER INC</name>
        <lei>N/A</lei>
        <title>GUITAR CENTER INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AARLM9"/>
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        <balance>10129525.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAINEER ULTIMATE HLDGS LLC</name>
        <lei>N/A</lei>
        <title>MOUNTAINEER ULTIMATE HLDGS LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AASTV9"/>
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        <balance>13788310.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAINEER ULTIMATE HLDGS LLC</name>
        <lei>N/A</lei>
        <title>MOUNTAINEER ULTIMATE HLDGS LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AAWUX4"/>
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        <balance>13788310.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7437414.41000000</valUSD>
        <pctVal>0.517539881415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRIDGE STREET CLO VII</name>
        <lei>N/A</lei>
        <title>BRIDGE STREET CLO VII</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABPBT8"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5057166.80000000</valUSD>
        <pctVal>0.351907983297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTH ATLANTIC IMPORTS</name>
        <lei>N/A</lei>
        <title>NORTH ATLANTIC IMPORTS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABSVE3"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10000.00000000</valUSD>
        <pctVal>0.000695859949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HARREL FISH LLC</name>
        <lei>N/A</lei>
        <title>HARREL FISH LLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABZMH0"/>
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        <balance>26428.58000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26428.58000000</valUSD>
        <pctVal>0.001839059033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Barclays Capital, Inc.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
        <title>Long: 99S24K7B9 IRS USD R F  3.34200 / Short: 99S24K7B9 IRS USD P V 03M0BFR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="99S24K7B9"/>
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        <balance>50000000.00000000</balance>
        <units>OU</units>
        <descOthUnits>Notional Amount</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>81193.50000000</valUSD>
        <pctVal>0.005649930479</pctVal>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>Barclays Capital, Inc.</counterpartyName>
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                <issuerName>N/A</issuerName>
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            <swapFlag>Y</swapFlag>
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        <securityLending>
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      <invstOrSec>
        <name>Nomura Global Financial Products, Inc.</name>
        <lei>0Z3VO5H2G7GRS05BHJ91</lei>
        <title>Long: 644323107 TRS USD R E 644323107 TRS EQUITY / Short: 644323107 TRS USD P V 00MOBFR OBFR +250 BPS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="644323107"/>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Nomura Global Financial Products, Inc.</counterpartyName>
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                <issuerName>FS Specialty Lending Fund</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>MBS Services Holdings, LLC</name>
        <lei>N/A</lei>
        <title>MBS Services Holdings LLC 2024 2nd Lien PIK Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0002754"/>
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        <balance>35728721.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9024502.22000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2030-09-20</maturityDt>
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      <invstOrSec>
        <name>WMK LLC</name>
        <lei>549300S3DFCMZ5ERWE64</lei>
        <title>WMK LLC Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX227191"/>
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        <balance>2357913.69000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2284228.89000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2028-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>WMK LLC</name>
        <lei>549300S3DFCMZ5ERWE64</lei>
        <title>WMK LLC Revolver</title>
        <cusip>000000000</cusip>
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          <other otherDesc="LoanX ID" value="LX227192"/>
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        <balance>1933333.33000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1872916.66000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2028-01-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>WMK LLC</name>
        <lei>549300S3DFCMZ5ERWE64</lei>
        <title>WMK LLC Term Loan</title>
        <cusip>000000000</cusip>
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        <balance>15391317.07000000</balance>
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        <valUSD>14910338.41000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2028-01-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.43000000</annualizedRt>
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      <invstOrSec>
        <name>Riddell Inc</name>
        <lei>N/A</lei>
        <title>Riddell Inc Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1242187.50000000</valUSD>
        <pctVal>0.086438853075</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2029-03-29</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Riddell Inc</name>
        <lei>N/A</lei>
        <title>Riddell Inc Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA0003273"/>
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        <balance>11632925.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11560219.22000000</valUSD>
        <pctVal>0.804429356015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <name>WildBrain Ltd.</name>
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        <name>Onbe, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>545 Lago Mar East Development, LTD.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>KIK ASS PRODUCTS INC</name>
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        <name>Omnimax International, LLC</name>
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        <name>P.F. Chang's China Bistro Inc.</name>
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        <name>LR ORION BIDCO LIMITED</name>
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        <name>LR ORION BIDCO LIMITED</name>
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        <name>Array Midco Corp</name>
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        <title>Array Midco Corp 2024 Term Loan</title>
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      </invstOrSec>
      <invstOrSec>
        <name>CCS Acquisition Inc</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000DDR5"/>
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        <balance>4928571.43000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4977857.14000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>CCS Acquisition, Inc.</name>
        <lei>N/A</lei>
        <title>CCS Acquisition Inc Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000DDS3"/>
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        <balance>17935892.86000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18115251.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-30</maturityDt>
          <couponKind>Floating</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Project Granite Buyer Inc</name>
        <lei>N/A</lei>
        <title>Project Granite Buyer Inc Delayed Draw Term Loan</title>
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          <other otherDesc="LoanX ID" value="LX257382"/>
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        <balance>962000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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      <invstOrSec>
        <name>Project Granite Buyer Inc</name>
        <lei>N/A</lei>
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          <other otherDesc="LoanX ID" value="LX257383"/>
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        <balance>1605500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1589445.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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      <invstOrSec>
        <name>Project Granite Buyer Inc</name>
        <lei>N/A</lei>
        <title>Project Granite Buyer Inc Term Loan</title>
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          <other otherDesc="LoanX ID" value="LX257381"/>
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        <balance>10328175.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Accupac LLC</name>
        <lei>N/A</lei>
        <title>Accupac LLC 2024 Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="LoanX ID" value="LX260200"/>
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        <balance>42748513.58000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-31</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Accupac LLC</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="LoanX ID" value="LX260201"/>
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        <balance>6267391.30000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5483967.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>10.89000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Array Midco Corp</name>
        <lei>2549006QJO7TR3GSGI51</lei>
        <title>Array Midco Corp 2024 Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000DFS1"/>
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        <balance>7536698.42000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7367122.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>12.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>APG Intermediate Holdings Corporation</name>
        <lei>N/A</lei>
        <title>APG Intermediate Holdings Corporation 2024 Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000DHV2"/>
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        <balance>22770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22969237.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-27</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OLIBRE BORROWER LLC</name>
        <lei>N/A</lei>
        <title>Olibre Borrower LLC Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000DJ24"/>
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        <balance>27720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27477450.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.42000000</annualizedRt>
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      <invstOrSec>
        <name>Crusoe Energy Systems LLC</name>
        <lei>549300W4OD94I5O9DV29</lei>
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          <other otherDesc="LoanX ID" value="LX264531"/>
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        <balance>20350719.47000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FUTURE PAK LLC</name>
        <lei>N/A</lei>
        <title>Future Pak LLC 2025 Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000HCF3"/>
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        <balance>19000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-21</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>24 Hour Fitness Worldwide Inc</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="LoanX ID" value="LX263079"/>
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        <balance>31162909.82000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2030-04-30</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>24 Hour Fitness Worldwide Inc</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000JQC1"/>
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        <balance>3442622.95000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2030-04-30</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Restoration Forest Products Group LLC</name>
        <lei>N/A</lei>
        <title>Restoration Forest Products Group LLC 2025 PIK Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000JY81"/>
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        <balance>26854990.18000000</balance>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2028-05-05</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MedPro</name>
        <lei>N/A</lei>
        <title>MedPro Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="LoanX ID" value="LX263660"/>
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        <balance>26367500.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.97000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Firmus Metal Singapore Pe Ltd.</name>
        <lei>N/A</lei>
        <title>Firmus Metal Singapore Pe Ltd Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000L8J1"/>
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        <balance>16296857.51000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16296857.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-12</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.72000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FIRST BRANDS GROUP LLC</name>
        <lei>2549005IXRZR7KSBJD91</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASSIV BRANDS LLC</name>
        <lei>N/A</lei>
        <title>Massiv Brands LLC Fixed PIK Term Loan</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000M4C8"/>
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        <balance>38966625.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SHEPHERD INTERMEDIATE LLC</name>
        <lei>N/A</lei>
        <title>Shepherd Intermediate LLC Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000MD20"/>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>SHEPHERD INTERMEDIATE LLC</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="BA000MD46"/>
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        <balance>3472222.22000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>SHEPHERD INTERMEDIATE LLC</name>
        <lei>N/A</lei>
        <title>Shepherd Intermediate LLC Revolver</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000MD53"/>
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        <balance>694444.44000000</balance>
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        <curCd>USD</curCd>
        <valUSD>700520.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>RUNITONETIME LLC</name>
        <lei>N/A</lei>
        <title>RunItOneTime LLC Roll-Up DIP Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX267204"/>
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        <balance>231143.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203722.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-16</maturityDt>
          <couponKind>Floating</couponKind>
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          <isPaidKind>Y</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lance East Finance Pty Ltd</name>
        <lei>N/A</lei>
        <title>Lance East Finance Pty Ltd Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX267822"/>
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        <balance>22315855.85000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21311642.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-20</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.23000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RUNITONETIME LLC</name>
        <lei>N/A</lei>
        <title>RunItOneTime LLC 2nd Amendment Final New Money DIP Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX269953"/>
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        <balance>2810889.61000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2702779.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-16</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RUNITONETIME LLC</name>
        <lei>N/A</lei>
        <title>RunItOneTime LLC 2nd Amendment Roll Up Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX269955"/>
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        <balance>4733094.56000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4171604.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-16</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>16.22000000</annualizedRt>
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      <invstOrSec>
        <name>Phoenix Rehabilitation And Health Services, Inc.</name>
        <lei>N/A</lei>
        <title>Phoenix Rehabilitation And Health Services Inc Term Loan A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000QBB3"/>
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        <balance>19882352.94000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-29</maturityDt>
          <couponKind>Floating</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Phoenix Rehabilitation And Health Services, Inc.</name>
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        <title>Phoenix Rehabilitation And Health Services Inc PIK Term Loan B</title>
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          <other otherDesc="Internal Identifier" value="BA000QBC1"/>
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        <balance>5150357.85000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Phoenix Rehabilitation And Health Services, Inc.</name>
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          <other otherDesc="Internal Identifier" value="BA000QBD9"/>
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        <balance>3823529.41000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Phoenix Rehabilitation And Health Services, Inc.</name>
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          <other otherDesc="Internal Identifier" value="BA000QBG2"/>
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        <balance>3823529.41000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lawn &amp; Garden, LLC</name>
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        <title>Lawn &amp; Garden LLC Term Loan</title>
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          <other otherDesc="Internal Identifier" value="BA000R775"/>
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        <fairValLevel>3</fairValLevel>
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        <name>Lawn &amp; Garden, LLC</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>UNITED GAMING LLC</name>
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        <title>UNITED GAMING LLC 2025 TERM LOAN</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>UNITED GAMING LLC</name>
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        <title>UNITED GAMING LLC 2025 2nd LIEN PIK TERM LOAN</title>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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        <name>Harrel-Fish, LLC</name>
        <lei>N/A</lei>
        <title>HARREL FISH LLC TERM LOAN</title>
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        <balance>27272727.27000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26863636.09000000</valUSD>
        <pctVal>1.869332844721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.27000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harrel-Fish, LLC</name>
        <lei>N/A</lei>
        <title>HARREL FISH LLC DELAYED DRAW TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000SSZ8"/>
        </identifiers>
        <balance>9090909.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9022727.18000000</valUSD>
        <pctVal>0.627855447789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harrel-Fish, LLC</name>
        <lei>N/A</lei>
        <title>HARREL FISH LLC REVOLVER</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000ST12"/>
        </identifiers>
        <balance>3636363.64000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3581818.19000000</valUSD>
        <pctVal>0.249244382404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-03</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.27000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPINRITE INC</name>
        <lei>549300CNRTKL60LXDC43</lei>
        <title>SPINRITE INC TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000SWF7"/>
        </identifiers>
        <balance>26578947.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26047368.42000000</valUSD>
        <pctVal>1.812532046776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-05</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.26000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPINRITE INC</name>
        <lei>549300CNRTKL60LXDC43</lei>
        <title>SPINRITE INC REVOLVER</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000SWG5"/>
        </identifiers>
        <balance>4983552.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4883881.58000000</valUSD>
        <pctVal>0.339849758857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIFESCAN GLOBAL CORPORATION</name>
        <lei>549300VL0F83S4LR4105</lei>
        <title>LIFESCAN GLOBAL CORPORATION 2025 TAKEBACK TERM LOAN B</title>
        <cusip>53000BAB0</cusip>
        <identifiers>
          <isin value="US53000BAB09"/>
        </identifiers>
        <balance>20758015.14000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20758015.14000000</valUSD>
        <pctVal>1.444467136258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.17000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXEMPLIS LLC</name>
        <lei>549300YCTX65T9LN3062</lei>
        <title>EXEMPLIS LLC 2025 TERM LOAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX279742"/>
        </identifiers>
        <balance>18214285.71000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18077678.57000000</valUSD>
        <pctVal>1.257953249291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-22</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.94000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXEMPLIS LLC</name>
        <lei>549300YCTX65T9LN3062</lei>
        <title>EXEMPLIS LLC 2025 REVOLVER</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="LoanX ID" value="LX279741"/>
        </identifiers>
        <balance>4285714.29000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4253571.43000000</valUSD>
        <pctVal>0.295988999956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOUNTAINEER MERGER CORPORATION</name>
        <lei>254900GJKZ8ZX0D5KG41</lei>
        <title>MOUNTAINEER MERGER CORPORATION 2025 1st A PRIMING Delayed Draw Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="BA000V6W2"/>
        </identifiers>
        <balance>4233163.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4233163.00000000</valUSD>
        <pctVal>0.294568859049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-14</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vortex Opco LLC</name>
        <lei>N/A</lei>
        <title>Vortex Opco LLC First Out Term Loan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAG9158TAC45"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5075000.00000000</valUSD>
        <pctVal>0.353148924262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.92000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Please see notes to financial statements or N-PORT part F for a glossary of swap paid and received terms." noteItem="C.11.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>FS Credit Opportunities Corp.</ncom:nameOfApplicant>
      <ncom:signature>William Goebel</ncom:signature>
      <ncom:signerName>William Goebel</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>