<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>
      
      <filer>
        <issuerCredentials>
          <cik>0002021979</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      
      
      
      
    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>First Trust Enhanced Private Credit Fund</regName>
      <regFileNumber>811-23963</regFileNumber>
      <regCik>0002021979</regCik>
      <regLei>254900G48BG2P8MIDJ45</regLei>
      <regStreet1>235 West Galena Street</regStreet1>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53212</regZipOrPostalCode>
      <regPhone>414-299-2270</regPhone>
      <seriesName>First Trust Enhanced Private Credit Fund</seriesName>
      <seriesLei>254900G48BG2P8MIDJ45</seriesLei>
      <repPdEnd>2027-03-31</repPdEnd>
      <repPdDate>2026-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>97486789.980000000000</totAssets>
      <totLiabs>12025192.180000000000</totLiabs>
      <netAssets>85461597.800000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>8931864.120000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>1515604.680000000000</cshNotRptdInCorD>
      <curMetrics>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="1007.913668931707" period1Yr="0.000000000000" period30Yr="14.581367559298" period3Mon="0.000000000000" period5Yr="6.110511474402"/>
          <intrstRtRiskdv100 period10Yr="100791.366893170765" period1Yr="0.000000000000" period30Yr="1458.136755929722" period3Mon="0.000000000000" period5Yr="611.051147440249"/>
        </curMetric>
        <curMetric>
          <curCd>DKK</curCd>
          <intrstRtRiskdv01 period10Yr="0.000000000000" period1Yr="0.000000000000" period30Yr="0.000000000000" period3Mon="0.000000000000" period5Yr="0.000000000000"/>
          <intrstRtRiskdv100 period10Yr="0.000000000000" period1Yr="0.000000000000" period30Yr="0.000000000000" period3Mon="0.000000000000" period5Yr="0.000000000000"/>
        </curMetric>
        <curMetric>
          <curCd>GBP</curCd>
          <intrstRtRiskdv01 period10Yr="0.000000000000" period1Yr="0.000000000000" period30Yr="0.000000000000" period3Mon="0.000000000000" period5Yr="0.000000000000"/>
          <intrstRtRiskdv100 period10Yr="0.000000000000" period1Yr="0.000000000000" period30Yr="0.000000000000" period3Mon="0.000000000000" period5Yr="0.000000000000"/>
        </curMetric>
        <curMetric>
          <curCd>EUR</curCd>
          <intrstRtRiskdv01 period10Yr="320.891844272560" period1Yr="0.000000000000" period30Yr="98.209254681794" period3Mon="0.000000000000" period5Yr="0.000000000000"/>
          <intrstRtRiskdv100 period10Yr="32089.184427255999" period1Yr="0.000000000000" period30Yr="9820.925468179470" period3Mon="0.000000000000" period5Yr="0.000000000000"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="0.000000000000" period1Yr="0.000000000000" period30Yr="0.000000000000" period3Mon="0.000000000000" period5Yr="0.000000000000"/>
      <creditSprdRiskNonInvstGrade period10Yr="1376.042616710187" period1Yr="0.000000000000" period30Yr="109.943412811359" period3Mon="0.000000000000" period5Yr="8.999932869454"/>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn rtn1="N/A" rtn2="N/A" rtn3="-0.4885744234473"/>
          <monthlyTotReturn rtn1="1.117523609679" rtn2="0.882389937104" rtn3="-0.4885744234473"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="N/A" netUnrealizedAppr="35974.01"/>
            <mon2 netRealizedGain="N/A" netUnrealizedAppr="-276.07"/>
            <mon3 netRealizedGain="N/A" netUnrealizedAppr="-96294.47"/>
            <warrantCategory>
              <instrMon1 netRealizedGain="N/A" netUnrealizedAppr="35974.01"/>
              <instrMon2 netRealizedGain="N/A" netUnrealizedAppr="-276.07"/>
              <instrMon3 netRealizedGain="N/A" netUnrealizedAppr="-96294.47"/>
            </warrantCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="-35644.61" netUnrealizedAppr="-279885.64"/>
            <mon2 netRealizedGain="124792.48" netUnrealizedAppr="26140.71"/>
            <mon3 netRealizedGain="32494" netUnrealizedAppr="293834.55"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="-35644.61" netUnrealizedAppr="-279885.64"/>
              <instrMon2 netRealizedGain="124792.48" netUnrealizedAppr="26140.71"/>
              <instrMon3 netRealizedGain="32494" netUnrealizedAppr="293834.55"/>
            </forwardCategory>
          </foreignExchgContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="43725.06" netUnrealizedAppr="400864.79"/>
        <othMon2 netRealizedGain="-61010.48" netUnrealizedAppr="-20372.54"/>
        <othMon3 netRealizedGain="-97512.69" netUnrealizedAppr="-1278129.60"/>
      </returnInfo>
      <mon1Flow redemption="0" reinvestment="332213.17" sales="742500"/>
      <mon2Flow redemption="0" reinvestment="339030.01" sales="3682928.52"/>
      <mon3Flow redemption="0" reinvestment="117510.33" sales="822180.12"/>
      
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>ABPCI Direct Lending Fund CLO</name>
        <lei>984500D9CK69N677EA83</lei>
        <title>ABPCI Direct Lending Fund CLO XIX LP</title>
        <cusip>00112CAL2</cusip>
        <identifiers>
          <isin value="US00112CAL28"/>
          <ticker value="00112CAL"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1991591.60</valUSD>
        <pctVal>2.3303935935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.313390</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>Eldridge MMPC CLO Ltd.</name>
        <lei>N/A</lei>
        <title>Eldridge MMPC CLO 2026-2 Ltd.</title>
        <cusip>28473NAA6</cusip>
        <identifiers>
          <isin value="US28473NAA63"/>
          <ticker value="28473NAA"/>
        </identifiers>
        <balance>1250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1252635.88</valUSD>
        <pctVal>1.4657295350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.474010</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>Fortress Credit Opportunities</name>
        <lei>254900TCFL84ON4RYM29</lei>
        <title>Fortress Credit Opportunities XIX CLO LLC</title>
        <cusip>34964RAZ6</cusip>
        <identifiers>
          <isin value="US34964RAZ64"/>
          <ticker value="34964RAZ"/>
        </identifiers>
        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1504262.25</valUSD>
        <pctVal>1.7601616267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.6731</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>Fortress Credit Opportunities</name>
        <lei>254900BB8USY384IWD57</lei>
        <title>Fortress Credit Opportunities XXVII Clo B LLC</title>
        <cusip>34990KAQ9</cusip>
        <identifiers>
          <isin value="US34990KAQ94"/>
          <ticker value="34990KAQ"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000000</valUSD>
        <pctVal>2.3402323985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.686590</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>MCF CLO LLC</name>
        <lei>254900KF5QOK0T8H4C54</lei>
        <title>MCF CLO VIII Ltd.</title>
        <cusip>55281QAC0</cusip>
        <identifiers>
          <isin value="US55281QAC06"/>
          <ticker value="55281QAC"/>
        </identifiers>
        <balance>1000142</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>659093.58</valUSD>
        <pctVal>0.7712160748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>MCF CLO LLC</name>
        <lei>254900KF5QOK0T8H4C54</lei>
        <title>MCF CLO VIII Ltd.</title>
        <cusip>55281QAG1</cusip>
        <identifiers>
          <isin value="US55281QAG10"/>
          <ticker value="55281QAG"/>
        </identifiers>
        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2500000</valUSD>
        <pctVal>2.9252904981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-18</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.675230</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>MCF CLO LLC</name>
        <lei>2549007R1O92GDXNLZ38</lei>
        <title>MCF CLO IX Ltd.</title>
        <cusip>55282EAG7</cusip>
        <identifiers>
          <isin value="US55282EAG70"/>
          <ticker value="55282EAG"/>
        </identifiers>
        <balance>2450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2461882.75</valUSD>
        <pctVal>2.8806888864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-17</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.888020</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>Audax-Riccobene Co. RBFD Buyer DDTL   /</name>
        <lei>N/A</lei>
        <title>Audax-Riccobene Co. RBFD Buyer DDTL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXRBDTL"/>
        </identifiers>
        <balance>308491.21</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307565.74</valUSD>
        <pctVal>0.3598876547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.393920</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>AUDAX SURG CENTER DELAYED DRAW UNFUNDE   /</name>
        <lei>N/A</lei>
        <title>AUDAX SURG CENTER DELAYED DRAW UNFUNDE   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXSMDU0"/>
        </identifiers>
        <balance>205223.88</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204505.60</valUSD>
        <pctVal>0.2392953154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</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>AUDAX SUMMIT SPINE REV SURGICAL CENTER   /</name>
        <lei>N/A</lei>
        <title>AUDAX SUMMIT SPINE REV SURGICAL CENTER   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXSUMRC"/>
        </identifiers>
        <balance>21766.17</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21689.99</valUSD>
        <pctVal>0.0253798087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.393920</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>AUDAX SUMMIT SPINE Surgincal Center TL   /</name>
        <lei>N/A</lei>
        <title>AUDAX SUMMIT SPINE Surgincal Center TL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXSUMTL"/>
        </identifiers>
        <balance>1020662.29</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1017089.97</valUSD>
        <pctVal>1.1901134500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.393920</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>AUDAX Co.-INVEST TL    /</name>
        <lei>N/A</lei>
        <title>AUDAX Co.-INVEST TL    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="AMONETTL"/>
        </identifiers>
        <balance>3267942.71</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3259772.85</valUSD>
        <pctVal>3.8143130177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-28</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.732220</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>AUDAX RICCOBENE RBFD Buyer TL   /</name>
        <lei>N/A</lei>
        <title>AUDAX RICCOBENE RBFD Buyer TL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXRBNTL"/>
        </identifiers>
        <balance>1303558.83</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1299648.15</valUSD>
        <pctVal>1.5207393536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-12</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.393920</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>AUDAX  SURG CENTER DELAYED DRAW FUNDED   /</name>
        <lei>N/A</lei>
        <title>AUDAX  SURG CENTER DELAYED DRAW FUNDED   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ADXSMDF0"/>
        </identifiers>
        <balance>105721.39</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105351.37</valUSD>
        <pctVal>0.1232733447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-29</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>DOREL INDUST CL B WARRANTS 09/30/2032   /</name>
        <lei>N/A</lei>
        <title>DOREL INDUST CL B WARRANTS 09/30/2032   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="DIIBWPEN"/>
        </identifiers>
        <balance>27813</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.4183"/>
        <valUSD>34121.57</valUSD>
        <pctVal>0.0399262018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DOREL INDUST CL B WARRANTS 09/30/2032   /</issuerName>
                <issueTitle>DOREL INDUST CL B WARRANTS 09/30/2032   /</issueTitle>
                <identifiers>
                  <ticker value="DII/B CN"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.010000000000</exercisePrice>
            <exercisePriceCurCd>CAD</exercisePriceCurCd>
            <expDt>2032-09-29</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2317.02</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUR FORWARD CONTRACT 07/16/26   /</name>
        <lei>N/A</lei>
        <title>EUR FORWARD CONTRACT 07/16/26   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EU071626"/>
        </identifiers>
        <balance>-3532000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>-4038454.50</valUSD>
        <pctVal>-4.7254610304</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>3532000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>4153632</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-07-16</settlementDt>
            <unrealizedAppr>115177.50</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO FWD CONTRACT 08/14/2026   /</name>
        <lei>N/A</lei>
        <title>EURO FWD CONTRACT 08/14/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EU081426"/>
        </identifiers>
        <balance>-3496000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>-4002232.37</valUSD>
        <pctVal>-4.6830769293</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>3496000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>4111820.40</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-08-14</settlementDt>
            <unrealizedAppr>109588.03</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO FORWARD CONTRACT 09/15/2026   /</name>
        <lei>N/A</lei>
        <title>EURO FORWARD CONTRACT 09/15/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EU091526"/>
        </identifiers>
        <balance>-3496000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="1"/>
        <valUSD>-4007639.79</valUSD>
        <pctVal>-4.6894042391</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>3496000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>4049591.60</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-09-15</settlementDt>
            <unrealizedAppr>41951.81</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORTRESS BYOMA Arkas Bidco TL   /</name>
        <lei>N/A</lei>
        <title>FORTRESS BYOMA Arkas Bidco TL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="FCBYMTL"/>
        </identifiers>
        <balance>2985000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2940225</valUSD>
        <pctVal>3.4404049020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.648940</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>FORTRESS CREDIT OPP XXVII CLO B LLC   /</name>
        <lei>N/A</lei>
        <title>FORTRESS CREDIT OPP XXVII CLO B LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="FCOCLOBE"/>
        </identifiers>
        <balance>1</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2617238</valUSD>
        <pctVal>3.0624725811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORTRESS SWEET JAMES BLUE HERON SERVICES   /</name>
        <lei>N/A</lei>
        <title>FORTRESS SWEET JAMES BLUE HERON SERVICES   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="FCOSJTL"/>
        </identifiers>
        <balance>937500</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>930468.75</valUSD>
        <pctVal>1.0887565573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.982220</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>WHITEHAWK CATALYST TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK CATALYST TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHWKCATB"/>
        </identifiers>
        <balance>8000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8080000</valUSD>
        <pctVal>9.4545388900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-17</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.7717</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>WHITEHAWK NEPH TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK NEPH TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHWKNEPH"/>
        </identifiers>
        <balance>4702956.39</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4608897.26</valUSD>
        <pctVal>5.3929453446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>12.925430</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>WHITEHAWK SHRYNE STIIIZY TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK SHRYNE STIIIZY TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHWKSHRN"/>
        </identifiers>
        <balance>7149023.44</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7113278.32</valUSD>
        <pctVal>8.3233621920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-29</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>14.868920</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>WHITEHAWK WEST SIDE TERM LOAN 09/03/2027   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK WEST SIDE TERM LOAN 09/03/2027   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHWKWESD"/>
        </identifiers>
        <balance>2994101.98</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3143807.08</valUSD>
        <pctVal>3.6786195916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>13</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>TCW ACCURAY PENNY PREMIUM WARRANTS   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY PENNY PREMIUM WARRANTS   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARAYWNPM"/>
        </identifiers>
        <balance>45576</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9707.54</valUSD>
        <pctVal>0.0113589498</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TCW ACCURAY INC TL</issuerName>
                <issueTitle>TCW ACCURAY INC TL</issueTitle>
                <identifiers>
                  <ticker value="TCWACCTL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>9707.54</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCW ACCURAY PENNY PENNY WARRANTS   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY PENNY PENNY WARRANTS   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARAYWNPN"/>
        </identifiers>
        <balance>36461</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9035.04</valUSD>
        <pctVal>0.0105720467</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TCW ACCURAY INC TL</issuerName>
                <issueTitle>TCW ACCURAY INC TL</issueTitle>
                <identifiers>
                  <ticker value="TCWACCTL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>9035.04</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCW ACCURAY PENNY SUPERPREMIUMWARRANTS   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY PENNY SUPERPREMIUMWARRANTS   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARAYWNSP"/>
        </identifiers>
        <balance>63807</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13452.92</valUSD>
        <pctVal>0.0157414796</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TCW ACCURAY INC TL</issuerName>
                <issueTitle>TCW ACCURAY INC TL</issueTitle>
                <identifiers>
                  <ticker value="TCWACCTL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>13452.92</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCW ACCURAY PENNY PENNY WARRANTS   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY PENNY PENNY WARRANTS   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARAYWPEN"/>
        </identifiers>
        <balance>130157</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>32252.90</valUSD>
        <pctVal>0.0377396408</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TCW ACCURAY INC TL</issuerName>
                <issueTitle>TCW ACCURAY INC TL</issueTitle>
                <identifiers>
                  <ticker value="TCWACCTL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-134663.86</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCW ACCURAY PREMIUM PREMIUM WARRANTS   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY PREMIUM PREMIUM WARRANTS   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARAYWPRM"/>
        </identifiers>
        <balance>357931</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>71462.18</valUSD>
        <pctVal>0.0836190545</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TCW ACCURAY INC TL</issuerName>
                <issueTitle>TCW ACCURAY INC TL</issueTitle>
                <identifiers>
                  <ticker value="TCWACCTL"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2028-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-234894.05</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARES CAPITAL 2023-1 SUBORDINATED NOTE   /</name>
        <lei>N/A</lei>
        <title>ARES CAPITAL 2023-1 SUBORDINATED NOTE   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARSSUBEP"/>
        </identifiers>
        <balance>1052096.41</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1082517.72</valUSD>
        <pctVal>1.2666715202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-11</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>ARTS SPV SRL VAR RT11/30/2041   /</name>
        <lei>N/A</lei>
        <title>ARTS SPV SRL VAR RT11/30/2041   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARTSSPVI"/>
        </identifiers>
        <balance>1500000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>1739126.57</valUSD>
        <pctVal>2.0349801721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>10.57</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>AUDAX AIS FUNDED HEALTHCARE RC   /</name>
        <lei>N/A</lei>
        <title>AUDAX AIS FUNDED HEALTHCARE RC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ASASWRF0"/>
        </identifiers>
        <balance>14854.37</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14631.55</valUSD>
        <pctVal>0.0171206137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.657490</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>AUDAX AIS UNFUND HEALTHCARE RC   /</name>
        <lei>N/A</lei>
        <title>AUDAX AIS UNFUND HEALTHCARE RC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ASASWRU0"/>
        </identifiers>
        <balance>138058.25</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>135987.38</valUSD>
        <pctVal>0.1591210362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50</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>AUDAX AIS UNFUNDED HEALTHCARE DDTL   /</name>
        <lei>N/A</lei>
        <title>AUDAX AIS UNFUNDED HEALTHCARE DDTL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="AXASWDU0"/>
        </identifiers>
        <balance>655339.81</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>650424.76</valUSD>
        <pctVal>0.7610725481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1</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>AUDAX AIS HEALTHCARE TL   /</name>
        <lei>N/A</lei>
        <title>AUDAX AIS HEALTHCARE TL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="AXASWTL"/>
        </identifiers>
        <balance>1441747.57</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1420121.36</valUSD>
        <pctVal>1.6617070082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.657490</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>FONTW 2020-1 Z VAR RATE  12/18/2028   /</name>
        <lei>N/A</lei>
        <title>FONTW 2020-1 Z VAR RATE  12/18/2028   /</title>
        <cusip>BCC2QA9A4</cusip>
        <identifiers>
          <ticker value="BCC2QA9A"/>
        </identifiers>
        <balance>712269.68</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7539"/>
        <valUSD>1140512.67</valUSD>
        <pctVal>1.3345323506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>13.9468</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>Mespil Securities</name>
        <lei>N/A</lei>
        <title>Mespil Securities</title>
        <cusip>BCC341BD7</cusip>
        <identifiers>
          <isin value="XS2418797986"/>
          <ticker value="BCC341BD"/>
        </identifiers>
        <balance>370952.50</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172223.29</valUSD>
        <pctVal>0.2015212615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-08</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>15.360780</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>SCH 1 B Mtge VAR RT 04/19/33   /</name>
        <lei>N/A</lei>
        <title>SCH 1 B Mtge VAR RT 04/19/33   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="BCC3F1SQ"/>
        </identifiers>
        <balance>953846.15</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1008089.62</valUSD>
        <pctVal>1.1795819947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-19</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>14.425230</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>COLSS 2024-2 F Mtge VAR RT 05/22/2034   /</name>
        <lei>N/A</lei>
        <title>COLSS 2024-2 F Mtge VAR RT 05/22/2034   /</title>
        <cusip>BCC3GBMB4</cusip>
        <identifiers>
          <ticker value="BCC3GBMB"/>
        </identifiers>
        <balance>375610.04</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7539"/>
        <valUSD>508130.28</valUSD>
        <pctVal>0.5945714720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-22</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>14.95</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>GRANVILLE USD Ltd. VAR RT 02/15/2030   /</name>
        <lei>N/A</lei>
        <title>GRANVILLE USD Ltd. VAR RT 02/15/2030   /</title>
        <cusip>BCC3KJ828</cusip>
        <identifiers>
          <ticker value="BCC3KJ82"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1990712.50</valUSD>
        <pctVal>2.3293649443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.12</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>GREGORY SPV SRL VAR RT12/30/2045   /</name>
        <lei>N/A</lei>
        <title>GREGORY SPV SRL VAR RT12/30/2045   /</title>
        <cusip>BCC3LJFB9</cusip>
        <identifiers>
          <ticker value="BCC3LJFB"/>
        </identifiers>
        <balance>1188160</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>1358541.22</valUSD>
        <pctVal>1.5896510889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.0670</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>Deutsche Bank AG</name>
        <lei>N/A</lei>
        <title>Deutsche Bank A.G./GATE 2025-1</title>
        <cusip>BCC3LQKC5</cusip>
        <identifiers>
          <isin value="XS3046287747"/>
          <ticker value="BCC3LQKC"/>
        </identifiers>
        <balance>1485000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>1700551.16</valUSD>
        <pctVal>1.9898424600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>11.6650</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>Magdalena</name>
        <lei>9845005C1F6CC38CAA33</lei>
        <title>Magdalena 12 Fondo de Titulizacion</title>
        <cusip>999999999</cusip>
        <identifiers>
          <isin value="ES0305901003"/>
          <ticker value="BCC3MCTC"/>
        </identifiers>
        <balance>1800000</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>2080035.19</valUSD>
        <pctVal>2.4338828708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-31</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>9.2040</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>LEGO 2023-1 B VAR RT 6/25/2035   /</name>
        <lei>N/A</lei>
        <title>LEGO 2023-1 B VAR RT 6/25/2035   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="BCC3MDKL"/>
        </identifiers>
        <balance>17164081.91</balance>
        <units>PA</units>
        <currencyConditional curCd="DKK" exchangeRt="6.5417"/>
        <valUSD>2635301.70</valUSD>
        <pctVal>3.0836092091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.8667</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>CCLF SPV LLC CLO EQUITY 4/29/34   /</name>
        <lei>N/A</lei>
        <title>CCLF SPV LLC CLO EQUITY 4/29/34   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CWGOLUB1"/>
        </identifiers>
        <balance>570800</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>585092.27</valUSD>
        <pctVal>0.6846259432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-29</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>FORTRESS SWEET J. AT BLUE HERON ATTICOR   /</name>
        <lei>N/A</lei>
        <title>FORTRESS SWEET J. AT BLUE HERON ATTICOR   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="FCSJATL"/>
        </identifiers>
        <balance>562500</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>551250</valUSD>
        <pctVal>0.6450265548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-11</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>20.232220</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>GBP FWD CONTRACT 07/16/2026   /</name>
        <lei>N/A</lei>
        <title>GBP FWD CONTRACT 07/16/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="GB071626"/>
        </identifiers>
        <balance>-644000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="GBP" exchangeRt="1"/>
        <valUSD>-854218.66</valUSD>
        <pctVal>-0.9995350918</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>644000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>865651.92</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-07-16</settlementDt>
            <unrealizedAppr>11433.26</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GBP FWD CONTRACT 08/14/2026   /</name>
        <lei>N/A</lei>
        <title>GBP FWD CONTRACT 08/14/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="GB081426"/>
        </identifiers>
        <balance>-871000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="GBP" exchangeRt="1"/>
        <valUSD>-1155314.15</valUSD>
        <pctVal>-1.3518518021</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>871000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>1174639.31</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-08-14</settlementDt>
            <unrealizedAppr>19325.16</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NXT CAPITAL CLO 2026-1 CLO EQUITY   /</name>
        <lei>N/A</lei>
        <title>NXT CAPITAL CLO 2026-1 CLO EQUITY   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="NXCLO261"/>
        </identifiers>
        <balance>1903492.06</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2059768.76</valUSD>
        <pctVal>2.4101687928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>SEK FORWARD CONTRACT 07/16/26   /</name>
        <lei>N/A</lei>
        <title>SEK FORWARD CONTRACT 07/16/26   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SE071626"/>
        </identifiers>
        <balance>-822000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="SEK" exchangeRt="1"/>
        <valUSD>-84852.34</valUSD>
        <pctVal>-0.0992870976</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>822000</amtCurSold>
            <curSold>SEK</curSold>
            <amtCurPur>88935.73</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-07-16</settlementDt>
            <unrealizedAppr>4083.39</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEK FORWARD CONTRACT 08/14/2026   /</name>
        <lei>N/A</lei>
        <title>SEK FORWARD CONTRACT 08/14/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SE081426"/>
        </identifiers>
        <balance>-2543000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="SEK" exchangeRt="1"/>
        <valUSD>-262935.97</valUSD>
        <pctVal>-0.3076656379</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>2543000</amtCurSold>
            <curSold>SEK</curSold>
            <amtCurPur>273710.24</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-08-14</settlementDt>
            <unrealizedAppr>10774.27</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEK FORWARD CONTRACT 09/15/2026   /</name>
        <lei>N/A</lei>
        <title>SEK FORWARD CONTRACT 09/15/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="SE091526"/>
        </identifiers>
        <balance>-2515000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="SEK" exchangeRt="1"/>
        <valUSD>-260515.06</valUSD>
        <pctVal>-0.3048328919</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>2515000</amtCurSold>
            <curSold>SEK</curSold>
            <amtCurPur>265179.83</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-09-15</settlementDt>
            <unrealizedAppr>4664.77</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB MONEY MARKET II SPECIAL   /</name>
        <lei>N/A</lei>
        <title>UMB MONEY MARKET II SPECIAL   /</title>
        <cusip>SF8888628</cusip>
        <identifiers>
          <ticker value="SMMFIDU"/>
        </identifiers>
        <balance>519017.19</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>519017.19</valUSD>
        <pctVal>0.6073104217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCW Accuray DDTL    /</name>
        <lei>N/A</lei>
        <title>TCW Accuray DDTL    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TCWACCDD"/>
        </identifiers>
        <balance>381357.01</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>391288.03</valUSD>
        <pctVal>0.4578524625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.141060</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>TCW ACCURAY, Inc. TL   /</name>
        <lei>N/A</lei>
        <title>TCW ACCURAY, Inc. TL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TCWACCTL"/>
        </identifiers>
        <balance>2692928.60</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2370077.81</valUSD>
        <pctVal>2.7732664390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>14.165780</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>TCW Co.-Invest TL CONNECT AMERICA   /</name>
        <lei>N/A</lei>
        <title>TCW Co.-Invest TL CONNECT AMERICA   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TCWCAMTL"/>
        </identifiers>
        <balance>2045669.85</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1910655.64</valUSD>
        <pctVal>2.2356891156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.482220</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>TCW IPSEN TL LLC   /</name>
        <lei>N/A</lei>
        <title>TCW IPSEN TL LLC   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TCWIPSTL"/>
        </identifiers>
        <balance>2147677.63</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2085427.82</valUSD>
        <pctVal>2.4401928746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>14.393920</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>TCW KICHLER LIGHTING    /</name>
        <lei>N/A</lei>
        <title>TCW KICHLER LIGHTING    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TCWKNGTL"/>
        </identifiers>
        <balance>2459719.84</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2398669.72</valUSD>
        <pctVal>2.8067222960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-18</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>14.172140</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>TCW SUGAR CREEK PACKING Co. TL   /</name>
        <lei>N/A</lei>
        <title>TCW SUGAR CREEK PACKING Co. TL   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TCWSCTL"/>
        </identifiers>
        <balance>3028199.72</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2902489.58</valUSD>
        <pctVal>3.3962500757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-09</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>12.401780</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>TCW DOREL TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>TCW DOREL TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TDORLTL"/>
        </identifiers>
        <balance>2015087.11</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1889070.37</valUSD>
        <pctVal>2.2104318415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.928450</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>WHWK DIP A1 INT DIP  12/31/2026   /</name>
        <lei>N/A</lei>
        <title>WHWK DIP A1 INT DIP  12/31/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHKSTA1I"/>
        </identifiers>
        <balance>373116.1570</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>373116.16</valUSD>
        <pctVal>0.4365892630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.25</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>WHWK DIP A2 INT DIP  12/31/2026   /</name>
        <lei>N/A</lei>
        <title>WHWK DIP A2 INT DIP  12/31/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHKSTA2D"/>
        </identifiers>
        <balance>448365.5940</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>448365.59</valUSD>
        <pctVal>0.5246398400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-31</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.25</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>WHITEHAWK STAR ENT TERM LOAN   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK STAR ENT TERM LOAN   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHSTARTL"/>
        </identifiers>
        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1940000</valUSD>
        <pctVal>2.2700254266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-06</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>13.592340</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>WHITEHAWK C3 RENTALS TERM LOAN 04/22/2027   /</name>
        <lei>N/A</lei>
        <title>WHITEHAWK C3 RENTALS TERM LOAN 04/22/2027   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="WHWKC3RN"/>
        </identifiers>
        <balance>1374917</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1374917</valUSD>
        <pctVal>1.6088126543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-22</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.6467</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>Pymes Magdalena</name>
        <lei>N/A</lei>
        <title>Fondo de Titulizacion Magdalena 11</title>
        <cusip>BCC3JL3Y0</cusip>
        <identifiers>
          <isin value="ES0305863005"/>
          <ticker value="BCC3JL3Y"/>
        </identifiers>
        <balance>568757.52</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>653220.14</valUSD>
        <pctVal>0.7643434675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-04</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>8.6680</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>SANTADER CONSUMER FINANCE24-1 12/25/34   /</name>
        <lei>N/A</lei>
        <title>SANTADER CONSUMER FINANCE24-1 12/25/34   /</title>
        <cusip>BCC3JLXT8</cusip>
        <identifiers>
          <ticker value="BCC3JLXT"/>
        </identifiers>
        <balance>5865208.8940</balance>
        <units>PA</units>
        <currencyConditional curCd="SEK" exchangeRt="9.6964"/>
        <valUSD>606590.33</valUSD>
        <pctVal>0.7097811714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.6420</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>LLOYDS BANK PLC 12/16/2030   /</name>
        <lei>N/A</lei>
        <title>LLOYDS BANK PLC 12/16/2030   /</title>
        <cusip>BCC3JSBN0</cusip>
        <identifiers>
          <ticker value="BCC3JSBN"/>
        </identifiers>
        <balance>857247.06</balance>
        <units>PA</units>
        <currencyConditional curCd="GBP" exchangeRt="0.7539"/>
        <valUSD>1141113.97</valUSD>
        <pctVal>1.3352359415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.0796</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>LBBW LION-6 SNR 10/30/2036   /</name>
        <lei>N/A</lei>
        <title>LBBW LION-6 SNR 10/30/2036   /</title>
        <cusip>BCC3JWDF6</cusip>
        <identifiers>
          <ticker value="BCC3JWDF"/>
        </identifiers>
        <balance>1443723.60</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>1654648.07</valUSD>
        <pctVal>1.9361305108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.80</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>GBP FORWARD CONTRACT 9/15/2026   /</name>
        <lei>N/A</lei>
        <title>GBP FORWARD CONTRACT 9/15/2026   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="GB091526"/>
        </identifiers>
        <balance>-660000</balance>
        <units>OU</units>
        <descOthUnits>Currency</descOthUnits>
        <currencyConditional curCd="GBP" exchangeRt="1"/>
        <valUSD>-875467.54</valUSD>
        <pctVal>-1.0243987505</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Currency" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP Paribas Securities</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>660000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>881205.60</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2026-09-15</settlementDt>
            <unrealizedAppr>5738.06</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB IB MONEY MARKET II   /</name>
        <lei>N/A</lei>
        <title>UMB IB MONEY MARKET II   /</title>
        <cusip>SF8888627</cusip>
        <identifiers>
          <ticker value="IMMFIDU"/>
        </identifiers>
        <balance>1000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000</valUSD>
        <pctVal>0.0011701162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APOGEM MCF CLO 12 CLO   /</name>
        <lei>N/A</lei>
        <title>APOGEM MCF CLO 12 CLO   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="MCFCLO12"/>
        </identifiers>
        <balance>2418014.17</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2573734.28</valUSD>
        <pctVal>3.0115681736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-24</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-27</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Enhanced Private Credit Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Michael D. Peck</ncom:signature>
      <ncom:signerName>Michael D. Peck</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
