The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCE AUTO PARTS INC COM 00751Y106 464,900 10,000 SH Put SOLE 10,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 448,800 40,000 SH Call SOLE 40,000 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 65,106 1,805 SH SOLE 0 0 1,805
AMERICAN TOWER CORP NEW COM 03027X100 172,174 779 SH SOLE 0 0 779
AMERICOLD REALTY TRUST INC COM 03064D108 498,900 30,000 SH Call SOLE 30,000 0 0
ARES CAPITAL CORP COM 04010L103 30,152,199 1,373,051 SH SOLE 0 0 1,283,611
AVALONBAY CMNTYS INC COM 053484101 51,078 251 SH SOLE 0 0 251
BAIN CAP SPECIALTY FIN INC COM STK 05684B107 8,329,182 553,802 SH SOLE 0 0 453,661
BARINGS BDC INC COM 06759L103 2,663,149 291,373 SH SOLE 0 0 291,373
BLACKROCK TCP CAPITAL CORP COM 09259E108 1,974,195 256,389 SH SOLE 0 0 256,389
BLACKSTONE SECD LENDING FD COMMON STOCK 09261X102 19,873,017 646,277 SH SOLE 0 0 580,869
BLUE OWL CAPITAL CORPORATION COM 69121K104 20,870,909 1,455,433 SH SOLE 0 0 1,313,043
BUILDERS FIRSTSOURCE INC COM 12008R107 1,108,555 9,500 SH Call SOLE 9,500 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 567,800 20,000 SH Call SOLE 20,000 0 0
CAPITAL SOUTHWEST CORP COM 140501107 4,976,411 225,790 SH SOLE 0 0 175,790
CARLYLE SECURED LENDING INC COM 872280102 4,823,800 352,617 SH SOLE 0 0 276,580
CLEVELAND-CLIFFS INC NEW COM 185899101 228,000 30,000 SH Call SOLE 30,000 0 0
CRESCENT CAP BDC INC COM 225655109 1,556,964 110,423 SH SOLE 0 0 110,423
CROWN CASTLE INC COM 22822V101 80,848 787 SH SOLE 0 0 787
DIGITAL RLTY TR INC COM 253868103 260,797 1,496 SH SOLE 0 0 1,496
EQUINIX INC COM 29444U700 303,869 382 SH SOLE 0 0 382
EQUITY RESIDENTIAL SH BEN INT 29476L107 84,767 1,256 SH SOLE 0 0 1,256
ESSEX PPTY TR INC COM 297178105 32,874 116 SH SOLE 0 0 116
EXTRA SPACE STORAGE INC COM 30225T102 80,797 548 SH SOLE 0 0 548
EXXON MOBIL CORP COM 30231G102 2,156,000 20,000 SH Call SOLE 20,000 0 0
FIDUS INVT CORP COM 316500107 3,842,605 190,228 SH SOLE 0 0 154,098
FS KKR CAP CORP COM 302635206 16,761,020 807,760 SH SOLE 0 0 731,614
GOLDMAN SACHS BDC INC SHS 38147U107 5,714,291 507,937 SH SOLE 0 0 464,541
GOLUB CAP BDC INC COM 38173M102 17,991,987 1,228,122 SH SOLE 0 0 1,097,330
GRAY MEDIA INC COM 389375106 95,130 21,000 SH Call SOLE 21,000 0 0
HERCULES CAPITAL INC COM 427096508 13,493,729 738,169 SH SOLE 0 0 639,923
HF SINCLAIR CORP COM 403949100 513,500 12,500 SH Call SOLE 12,500 0 0
HIMS & HERS HEALTH INC COM CL A 433000106 623,125 12,500 SH Put SOLE 12,500 0 0
HOST HOTELS & RESORTS INC COM 44107P104 92,881 6,047 SH SOLE 0 0 6,047
IRON MTN INC DEL COM 46284V101 150,983 1,472 SH SOLE 0 0 1,472
JETBLUE AWYS CORP COM 477143101 211,500 50,000 SH Call SOLE 50,000 0 0
MAIN STR CAP CORP COM 56035L104 18,723,352 316,808 SH SOLE 0 0 291,405
MIDCAP FINANCIAL INVSTMNT CO COM NEW 03761U502 5,065,579 401,393 SH SOLE 0 0 340,837
MORGAN STANLEY DIRECT LENDIN COM SHS 61774A103 8,529,412 455,631 SH SOLE 0 0 378,455
NAVITAS SEMICONDUCTOR CORP COM 63942X106 163,750 25,000 SH Call SOLE 25,000 0 0
NEW MTN FIN CORP COM 647551100 6,071,250 575,474 SH SOLE 0 0 497,384
NEXGEN ENERGY LTD COM 65340P106 242,900 35,000 SH Call SOLE 35,000 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P405 3,563,265 260,854 SH SOLE 0 0 246,212
PDD HOLDINGS INC NOTE 12/0 722304AC6 72,937 750 SH SOLE 0 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 1,083,193 104,859 SH SOLE 0 0 81,236
PRA GROUP INC COM 69354N106 295,000 20,000 SH Call SOLE 20,000 0 0
PROLOGIS INC. COM 74340W103 219,385 2,087 SH SOLE 0 0 2,087
RITHM CAPITAL CORP COM NEW 64828T201 677,400 60,000 SH Call SOLE 60,000 0 0
RLJ LODGING TR COM 74965L101 364,000 50,000 SH Call SOLE 50,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 117,515 731 SH SOLE 0 0 731
SIXTH STREET SPECIALTY LENDI COM 83012A109 14,491,146 608,616 SH SOLE 0 0 541,339
SLR INVESTMENT CORP COM 83413U100 4,318,757 267,581 SH SOLE 0 0 210,488
SPDR SERIES TRUST PORTFOLIO INTRMD 78464A375 310,077 9,234 SH SOLE 0 0 0
STELLUS CAP INVT CORP COM 858568108 2,007,429 144,005 SH SOLE 0 0 96,406
UNIVERSAL HLTH SVCS INC CL B 913903100 1,358,625 7,500 SH Put SOLE 7,500 0 0
UTZ BRANDS INC COM CL A 918090101 439,250 35,000 SH Call SOLE 35,000 0 0
VENTURE GLOBAL INC COM CL A 92333F101 311,600 20,000 SH Call SOLE 20,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104 171,900 15,000 SH Call SOLE 15,000 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 513,800 20,000 SH Call SOLE 20,000 0 0