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        <balance>50439.98000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52242897.98000000</valUSD>
        <pctVal>9.865915949995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GEMEAUX TOPCO LP</name>
        <lei>N/A</lei>
        <title>GEMEAUX TOPCO LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="968TVN904"/>
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        <balance>8508.34000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8140622.00000000</valUSD>
        <pctVal>1.537332260232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CRESCENT CREDIT SOLUTION VIIIB</name>
        <lei>N/A</lei>
        <title>CRESCENT CREDIT SOLUTION VIIIB</title>
        <cusip>989TPQ909</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="989TPQ909"/>
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        <balance>10997.68000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12370406.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HV CREDIT OPP FUND II L.P.</name>
        <lei>N/A</lei>
        <title>HV CREDIT OPP FUND II L.P.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AABBK9"/>
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        <balance>6049.93000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8196290.00000000</valUSD>
        <pctVal>1.547844996515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LINDEN STRUCTURED CAP F II LP</name>
        <lei>N/A</lei>
        <title>LINDEN STRUCTURED CAP F II LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AABBL7"/>
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        <balance>3565.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4564494.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LINDEN STRUCTURED CAP F LP</name>
        <lei>N/A</lei>
        <title>LINDEN STRUCTURED CAP F LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AABBM5"/>
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        <balance>8578.30000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11553857.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CRESTLINE OPPORTUNITY FUND III</name>
        <lei>N/A</lei>
        <title>CRESTLINE OPPORTUNITY FUND III</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AAFNE1"/>
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        <balance>6676.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6831377.00000000</valUSD>
        <pctVal>1.290085234753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CRESTLINE OP F IV ONSHORE STE</name>
        <lei>N/A</lei>
        <title>CRESTLINE OP F IV ONSHORE STE</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="990AAFNH4"/>
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        <balance>10490.82000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12348693.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CRESTLINE OP F V ONSHORET/STE</name>
        <lei>N/A</lei>
        <title>CRESTLINE OP F V ONSHORET/STE</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="990AAFNK7"/>
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        <curCd>USD</curCd>
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        <pctVal>2.585044800113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CREOP F III EUR CLTD</name>
        <lei>N/A</lei>
        <title>CREOP F III EUR CLTD</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="990AASCJ4"/>
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        <balance>6021.25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7105037.00000000</valUSD>
        <pctVal>1.341765112081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLUE OWL GP III FBN LP</name>
        <lei>N/A</lei>
        <title>BLUE OWL GP III FBN LP</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="990AAZCY5"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14448555.00000000</valUSD>
        <pctVal>2.728566651939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-12</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES PATHFINDER (OFFSHORE) LP</name>
        <lei>N/A</lei>
        <title>ARES PATHFINDER (OFFSHORE) LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AAZRH6"/>
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        <balance>485.11000000</balance>
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        <curCd>USD</curCd>
        <valUSD>647364.00000000</valUSD>
        <pctVal>0.122252766596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES PATHFINDER II OFFSHORE LP</name>
        <lei>N/A</lei>
        <title>ARES PATHFINDER II OFFSHORE LP</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="990ABAAU9"/>
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        <balance>1974.22000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES PATHFINDER II LP</name>
        <lei>N/A</lei>
        <title>ARES PATHFINDER II LP</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="990ABAAV7"/>
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        <balance>9740.78000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>N/A</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARES PATHFINDER LP</name>
        <lei>N/A</lei>
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        <balance>3510.62000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>N/A</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLEXPOINT ASSET OPP. II A LP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="990ABAAX3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GEMS FUND 5, L.P.</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>N/A</fairValLevel>
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        <name>GEMS FUND 6, L.P.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>N/A</fairValLevel>
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        <name>RREF IV DEBT DOMESTIC LP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="990ABABA2"/>
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        <balance>8484.69000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>N/A</fairValLevel>
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      <invstOrSec>
        <name>RREF IV DEBT OFFSHORE, LP</name>
        <lei>N/A</lei>
        <title>RREF IV DEBT OFFSHORE, LP</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="990ABABB0"/>
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        <balance>1419.38000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>N/A</fairValLevel>
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        <name>FORTRESS CREDIT OPP V EXP B LP</name>
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        <title>FORTRESS CREDIT OPP V EXP B LP</title>
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        <balance>9099.06000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>N/A</fairValLevel>
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        <name>FORTRESS CREDIT OPP V EXP G LP</name>
        <lei>254900VCN312J6S08F60</lei>
        <title>FORTRESS CREDIT OPP V EXP G LP</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <balance>1788.14000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2045842.00000000</valUSD>
        <pctVal>0.386351178808</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
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        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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        <name>ABRY ADV SECURITIES FUND IV LP</name>
        <lei>5493006FLX9VV57RGV40</lei>
        <title>ABRY ADV SECURITIES FUND IV LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABFYS7"/>
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        <balance>4857.14000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4422047.00000000</valUSD>
        <pctVal>0.835090427901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ABRY SENIOR EQUITY V LP</name>
        <lei>N/A</lei>
        <title>ABRY SENIOR EQUITY V LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABFYT5"/>
        </identifiers>
        <balance>3172.86000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4036217.00000000</valUSD>
        <pctVal>0.762227579587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABRY ADV SECURITIES FUND II</name>
        <lei>549300DL9Y1EY70DWZ42</lei>
        <title>ABRY ADV SECURITIES FUND II</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABFYU2"/>
        </identifiers>
        <balance>81.30000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90716.00000000</valUSD>
        <pctVal>0.017131446874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUNDEE RHYTHM, LP</name>
        <lei>N/A</lei>
        <title>DUNDEE RHYTHM, LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABFYZ1"/>
        </identifiers>
        <balance>4330.47000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5234912.00000000</valUSD>
        <pctVal>0.988597566264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TPG AG CS HOLDINGS FUND</name>
        <lei>N/A</lei>
        <title>TPG AG CS HOLDINGS FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ABYPQ0"/>
        </identifiers>
        <balance>2061.98000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2081200.00000000</valUSD>
        <pctVal>0.393028431979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TPG TWIN BRO DLI CON FUN I LP</name>
        <lei>254900KG9XZGMOHVUJ91</lei>
        <title>TPG TWIN BRO DLI CON FUN I LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACAGM0"/>
        </identifiers>
        <balance>76187.58000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75386364.97000000</valUSD>
        <pctVal>14.23649087871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALCENTRA EUROPEAN DLF IV EUR</name>
        <lei>N/A</lei>
        <title>ALCENTRA EUROPEAN DLF IV EUR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACGDQ1"/>
        </identifiers>
        <balance>10268.59000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87519700"/>
        <valUSD>12023107.94000000</valUSD>
        <pctVal>2.270528186226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HPS SPECIAL LOAN INT FUND VL</name>
        <lei>549300CYFGFOHIKCNH25</lei>
        <title>HPS SPECIAL LOAN INT FUND VL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACJGY5"/>
        </identifiers>
        <balance>1383.59000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1529699.00000000</valUSD>
        <pctVal>0.288879107904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALCENTRA EUR CRE OPP FUND III</name>
        <lei>N/A</lei>
        <title>ALCENTRA EUR CRE OPP FUND III</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACJGZ2"/>
        </identifiers>
        <balance>863.30000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>984578.00000000</valUSD>
        <pctVal>0.185934627859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CASTLELAKE V LP</name>
        <lei>254900D48S0BRKVOSV85</lei>
        <title>CASTLELAKE V LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACJHA6"/>
        </identifiers>
        <balance>555.10000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>615749.00000000</valUSD>
        <pctVal>0.116282367846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVI CREDIT VALUE FUND B V LP</name>
        <lei>N/A</lei>
        <title>CVI CREDIT VALUE FUND B V LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACJHB4"/>
        </identifiers>
        <balance>2393.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2938849.00000000</valUSD>
        <pctVal>0.554992895586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPC PARK POINT, L.P.</name>
        <lei>N/A</lei>
        <title>SPC PARK POINT, L.P.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACMNP9"/>
        </identifiers>
        <balance>4899.10000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5016263.00000000</valUSD>
        <pctVal>0.947306352722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARES SDL. CV MASTER LP</name>
        <lei>254900789FUQNSUPMY21</lei>
        <title>ARES SDL. CV MASTER LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACRQJ9"/>
        </identifiers>
        <balance>62435.14000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63682110.02000000</valUSD>
        <pctVal>12.02617713160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARROWMARK CLO EQ STRA II</name>
        <lei>N/A</lei>
        <title>ARROWMARK CLO EQ STRA II</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ACSWT8"/>
        </identifiers>
        <balance>7685.03000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7624534.00000000</valUSD>
        <pctVal>1.439870575914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLUE OWL EVERGREEN LP</name>
        <lei>N/A</lei>
        <title>BLUE OWL EVERGREEN LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ADJYL2"/>
        </identifiers>
        <balance>1872.34000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1858248.00000000</valUSD>
        <pctVal>0.350924609681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STEPSTONELUX CLASS I DB USD H</name>
        <lei>635400LWVQXBIHASRU79</lei>
        <title>STEPSTONELUX CLASS I DB USD H</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990ADLZT9"/>
        </identifiers>
        <balance>1520.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1526672.00000000</valUSD>
        <pctVal>0.288307467954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARES VENUS LP (TEMP) EUR</name>
        <lei>254900SKK5CWNFWX1M37</lei>
        <title>ARES VENUS LP (TEMP) EUR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="990AEGQE2"/>
        </identifiers>
        <balance>15232.50000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87519700"/>
        <valUSD>19892274.54000000</valUSD>
        <pctVal>3.756596901286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <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"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-26</ncom:dateSigned>
      <ncom:nameOfApplicant>Coller Private Credit Secondaries</ncom:nameOfApplicant>
      <ncom:signature>Josh Schnurman</ncom:signature>
      <ncom:signerName>Josh Schnurman</ncom:signerName>
      <ncom:title>Fund Controller</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
