Fund rankings.

Evidence-gated comparisons within one broad asset class at a time. Every ranked fund uses the same exact observation window and basis; funds that cannot enter that comparison are named below the exhibit.

Net flows · Most recent quarter · Exact SEC filings and calculations are disclosed where used; manager-reported entries carry their own source provenance and calculation below

Private Credit

31 of 31 funds are included; common window 2026-03-31.

Min	Q4 cutoff	Median	Mean	Q1 cutoff	Max
-$780.8M	-$29.4M	$8.1M	$11.3M	$117.7M	$592.4M

Net flows · Most recent quarter distribution. The box spans the middle two quartiles; its labeled edges are the Q1 and Q4 cutoffs, with Q1 the best-performing quartile. The solid gold rule marks the median and the dashed rule marks the mean. Use the Plot checkboxes below to place selected funds on the unchanged cohort distribution. Values in the summary table above are rounded to $K/$M/$B; exact values remain in the ranking table and chart tooltips. Selected points use compact fund-name labels, never numerical ranks.

Rank	Fund	Analysis grain	Value	Window / as of	Source basis
#1 of 31 Q1	Apollo Debt Solutions BDC BDC · Private Credit	Fund-level Share class not applicable	$592,375,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 592,375,000 = 592,375,000 2026-03-31 · $592,375,000 · 10-Q filed 2026-05-11 · 0001193125-26-215667 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#2 of 31 Q1	Pimco Flexible Credit Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$270,621,868	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 131,393,939 + 18,846,830 + 120,381,100 = 270,621,868 2026-01-31 · $131,393,939 · NPORT-P filed 2026-05-29 · 0001099263-26-007343 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $18,846,830 · NPORT-P filed 2026-05-29 · 0001099263-26-007343 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $120,381,100 · NPORT-P filed 2026-05-29 · 0001099263-26-007343 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#3 of 31 Q1	Blue Owl Alternative Credit Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$261,351,365	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 119,664,400 + 110,597,323 + 31,089,642 = 261,351,365 2026-01-31 · $119,664,400 · NPORT-P filed 2026-05-29 · 0001410368-26-056000 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $110,597,323 · NPORT-P filed 2026-05-29 · 0001410368-26-056000 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $31,089,642 · NPORT-P filed 2026-05-29 · 0001410368-26-056000 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#4 of 31 Q1	HPS Corporate Lending Fund BDC · Private Credit	Fund-level Share class not applicable	$240,828,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 240,828,000 = 240,828,000 2026-03-31 · $240,828,000 · 10-Q filed 2026-05-11 · 0001628280-26-033248 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#5 of 31 Q1	Ares Strategic Income Fund BDC · Private Credit	Fund-level Share class not applicable	$183,772,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 183,772,000 = 183,772,000 2026-03-31 · $183,772,000 · 10-Q filed 2026-05-12 · 0001628280-26-034133 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#6 of 31 Q1	Cliffwater Enhanced Lending Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$175,486,018	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 305,612,140 + 251,297,091 + -381,423,213 = 175,486,018 2026-01-31 · $305,612,140 · NPORT-P filed 2026-05-22 · 0001842754-26-000004 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $251,297,091 · NPORT-P filed 2026-05-22 · 0001842754-26-000004 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $-381,423,213 · NPORT-P filed 2026-05-22 · 0001842754-26-000004 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#7 of 31 Q1	Blackstone Private Multi-Asset Credit & Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$148,561,045	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 49,043,505 + 66,591,422 + 32,926,118 = 148,561,045 2026-01-31 · $49,043,505 · NPORT-P filed 2026-05-28 · 0002071691-26-012559 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $66,591,422 · NPORT-P filed 2026-05-28 · 0002071691-26-012559 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $32,926,118 · NPORT-P filed 2026-05-28 · 0002071691-26-012559 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#8 of 31 Q1	KKR FS Income Trust BDC · Private Credit	Fund-level Share class not applicable	$134,911,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 134,911,000 = 134,911,000 2026-03-31 · $134,911,000 · 10-Q filed 2026-05-13 · 0001628280-26-034545 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#9 of 31 Q2	Calamos Aksia Alternative Credit & Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$100,478,522	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 78,879,626 + 58,004,005 + -36,405,109 = 100,478,522 2026-01-31 · $78,879,626 · NPORT-P filed 2026-05-29 · 0001193125-26-248008 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $58,004,005 · NPORT-P filed 2026-05-29 · 0001193125-26-248008 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $-36,405,109 · NPORT-P filed 2026-05-29 · 0001193125-26-248008 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#10 of 31 Q2	T. Rowe Price OHA Select Private Credit Fund BDC · Private Credit	Fund-level Share class not applicable	$96,568,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 96,568,000 = 96,568,000 2026-03-31 · $96,568,000 · 10-Q filed 2026-05-06 · 0001901164-26-000013 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#11 of 31 Q2	Fidelity Private Credit Fund BDC · Private Credit	Fund-level Share class not applicable	$73,110,053	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 73,110,053 = 73,110,053 2026-03-31 · $73,110,053 · 10-Q filed 2026-05-08 · 0001193125-26-214226 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#12 of 31 Q2	1WS Credit Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$54,681,029	2026-03-31	3 exact SEC-filed constituent facts from 2 accessions calculation & filings Exact inputs for 2026-03-31 Calculation -22,477,120 + 30,714,295 + 46,443,855 = 54,681,029 2026-01-31 · $-22,477,120 · NPORT-P filed 2026-04-01 · 0001049169-26-000900 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $30,714,295 · NPORT-P filed 2026-06-26 · 0001049169-26-001766 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $46,443,855 · NPORT-P filed 2026-06-26 · 0001049169-26-001766 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#13 of 31 Q2	Apollo Diversified Credit Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$39,340,877	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 54,568,452 + -34,707,980 + 19,480,405 = 39,340,877 2026-01-31 · $54,568,452 · NPORT-P filed 2026-05-28 · 0001049169-26-001344 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $-34,707,980 · NPORT-P filed 2026-05-28 · 0001049169-26-001344 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $19,480,405 · NPORT-P filed 2026-05-28 · 0001049169-26-001344 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#14 of 31 Q2	Flat Rock Enhanced Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$34,663,498	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 16,938,204 + -747,565 + 18,472,859 = 34,663,498 2026-01-31 · $16,938,204 · NPORT-P filed 2026-05-27 · 0000910472-26-007508 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $-747,565 · NPORT-P filed 2026-05-27 · 0000910472-26-007508 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $18,472,859 · NPORT-P filed 2026-05-27 · 0000910472-26-007508 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#15 of 31 Q2	StepStone Private Credit Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$14,347,136	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 18,003,046 + 17,999,283 + -21,655,193 = 14,347,136 2026-01-31 · $18,003,046 · NPORT-P filed 2026-06-01 · 0001193125-26-250661 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $17,999,283 · NPORT-P filed 2026-06-01 · 0001193125-26-250661 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $-21,655,193 · NPORT-P filed 2026-06-01 · 0001193125-26-250661 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#16 of 31 Q2	FS Credit Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$8,103,217	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 21,970,356 + 24,545,098 + -38,412,237 = 8,103,217 2026-01-31 · $21,970,356 · NPORT-P filed 2026-05-22 · 0001410368-26-050434 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $24,545,098 · NPORT-P filed 2026-05-22 · 0001410368-26-050434 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $-38,412,237 · NPORT-P filed 2026-05-22 · 0001410368-26-050434 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#17 of 31 Q3	AMG Pantheon Credit Solutions Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$7,052,225	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -26,516,098 + 19,329,411 + 14,238,911 = 7,052,225 2026-01-31 · $-26,516,098 · NPORT-P filed 2026-05-29 · 0000940400-26-022087 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $19,329,411 · NPORT-P filed 2026-05-29 · 0000940400-26-022087 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $14,238,911 · NPORT-P filed 2026-05-29 · 0000940400-26-022087 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#18 of 31 Q3	KKR Asset-Based Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$0	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 0 + 0 + 0 = 0 2026-01-31 · $0 · NPORT-P filed 2026-05-29 · 0000940400-26-022150 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $0 · NPORT-P filed 2026-05-29 · 0000940400-26-022150 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $0 · NPORT-P filed 2026-05-29 · 0000940400-26-022150 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#18 of 31 Q3	Jackson Credit Opportunities Fund Interval Fund · Private Credit	Fund-level Share class not applicable	$0	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 0 + 0 + 0 = 0 2026-01-31 · $0 · NPORT-P filed 2026-05-28 · 0001193125-26-244833 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $0 · NPORT-P filed 2026-05-28 · 0001193125-26-244833 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $0 · NPORT-P filed 2026-05-28 · 0001193125-26-244833 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#20 of 31 Q3	Lord Abbett Credit Opportunities Fund Interval Fund · Private Credit	Fund-level Share class not applicable	-$9,229,733	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -99,139,901 + 47,368,049 + 42,542,120 = -9,229,733 2026-01-31 · $-99,139,901 · NPORT-P filed 2026-05-29 · 0001410368-26-056351 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $47,368,049 · NPORT-P filed 2026-05-29 · 0001410368-26-056351 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $42,542,120 · NPORT-P filed 2026-05-29 · 0001410368-26-056351 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#21 of 31 Q3	KKR Asset-Based Finance Fund Interval Fund · Private Credit	Fund-level Share class not applicable	-$11,944,848	2026-03-31	3 exact SEC-filed constituent facts from 2 accessions calculation & filings Exact inputs for 2026-03-31 Calculation -23,308,179 + 6,906,087 + 4,457,244 = -11,944,848 2026-01-31 · $-23,308,179 · NPORT-P filed 2026-03-23 · 0001193125-26-117971 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $6,906,087 · NPORT-P filed 2026-06-24 · 0001193125-26-280999 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $4,457,244 · NPORT-P filed 2026-06-24 · 0001193125-26-280999 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#22 of 31 Q3	BlackRock HPS Credit Strategies Fund Interval Fund · Private Credit	Fund-level Share class not applicable	-$17,468,811	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 6,493,898 + -28,560,962 + 4,598,253 = -17,468,811 2026-01-31 · $6,493,898 · NPORT-P filed 2026-05-28 · 0001410368-26-054499 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $-28,560,962 · NPORT-P filed 2026-05-28 · 0001410368-26-054499 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $4,598,253 · NPORT-P filed 2026-05-28 · 0001410368-26-054499 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#23 of 31 Q3	Carlyle Tactical Private Credit Fund Interval Fund · Private Credit	Fund-level Share class not applicable	-$24,493,986	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -128,829,944 + 59,822,340 + 44,513,618 = -24,493,986 2026-01-31 · $-128,829,944 · NPORT-P filed 2026-06-01 · 0001410368-26-056405 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $59,822,340 · NPORT-P filed 2026-06-01 · 0001410368-26-056405 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $44,513,618 · NPORT-P filed 2026-06-01 · 0001410368-26-056405 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#24 of 31 Q4	First Eagle Credit Opportunities Fund Interval Fund · Private Credit	Fund-level Share class not applicable	-$34,251,195	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -51,333,610 + 12,595,754 + 4,486,661 = -34,251,195 2026-01-31 · $-51,333,610 · NPORT-P filed 2026-05-29 · 0002071691-26-012660 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $12,595,754 · NPORT-P filed 2026-05-29 · 0002071691-26-012660 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $4,486,661 · NPORT-P filed 2026-05-29 · 0002071691-26-012660 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#25 of 31 Q4	Oaktree Strategic Credit Fund BDC · Private Credit	Fund-level Share class not applicable	-$51,497,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -51,497,000 = -51,497,000 2026-03-31 · $-51,497,000 · 10-Q filed 2026-05-14 · 0001872371-26-000009 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#26 of 31 Q4	Cion Ares Diversified Credit Fund Interval Fund · Private Credit	Fund-level Share class not applicable	-$52,918,666	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -154,030,357 + 66,444,948 + 34,666,743 = -52,918,666 2026-01-31 · $-154,030,357 · NPORT-P filed 2026-05-22 · 0001049169-26-001104 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $66,444,948 · NPORT-P filed 2026-05-22 · 0001049169-26-001104 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $34,666,743 · NPORT-P filed 2026-05-22 · 0001049169-26-001104 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#27 of 31 Q4	Variant Alternative Income Fund Interval Fund · Private Credit	Fund-level Share class not applicable	-$77,835,712	2026-03-31	3 exact SEC-filed constituent facts from 2 accessions calculation & filings Exact inputs for 2026-03-31 Calculation 13,928,829 + 16,792,755 + -108,557,296 = -77,835,712 2026-01-31 · $13,928,829 · NPORT-P filed 2026-03-27 · 0001193125-26-129430 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $16,792,755 · NPORT-P filed 2026-06-29 · 0001193125-26-287686 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $-108,557,296 · NPORT-P filed 2026-06-29 · 0001193125-26-287686 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#28 of 31 Q4	North Haven Private Income Fund LLC BDC · Private Credit	Fund-level Share class not applicable	-$144,821,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -144,821,000 = -144,821,000 2026-03-31 · $-144,821,000 · 10-Q filed 2026-05-13 · 0001193125-26-221623 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#29 of 31 Q4	Blue Owl Credit Income Corp. BDC · Private Credit	Fund-level Share class not applicable	-$338,645,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -338,645,000 = -338,645,000 2026-03-31 · $-338,645,000 · 10-Q filed 2026-05-11 · 0001812554-26-000027 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#30 of 31 Q4	Cliffwater Corporate Lending Fund Interval Fund · Private Credit	Fund-level Share class not applicable	-$540,657,023	2026-03-31	3 exact SEC-filed constituent facts from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation 804,152,946 + 548,675,079 + -1,893,485,048 = -540,657,023 2026-01-31 · $804,152,946 · NPORT-P filed 2026-05-22 · 0001735964-26-000010 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-02-28 · $548,675,079 · NPORT-P filed 2026-05-22 · 0001735964-26-000010 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars 2026-03-31 · $-1,893,485,048 · NPORT-P filed 2026-05-22 · 0001735964-26-000010 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history
#31 of 31 Q4	Blackstone Private Credit Fund BDC · Private Credit	Fund-level Share class not applicable	-$780,823,000	2026-03-31	1 exact SEC-filed constituent fact from 1 accession calculation & filings Exact inputs for 2026-03-31 Calculation -780,823,000 = -780,823,000 2026-03-31 · $-780,823,000 · 10-Q filed 2026-05-14 · 0001803498-26-000031 Direct discrete-period fact. Technical locator derived: gross_share_sales + drip_reinvestment - shares_redeemed_dollars Full net-flow observation history

Tracked-cohort capital flows.

These distributions summarize only the semi-liquid funds Fontris Alts tracks; they are not estimates of the entire private-market asset class.

Asset class	Period	NAV-weighted	Q1	Median	Q3	Coverage
Infrastructure	2026-03-31	+9.2%	Pending	+5.9%	Pending	5/5 (100%)
Insurance-linked securities	2026-03-31	+3.6%	Pending	+3.1%	Pending	2/2 (100%)
Multi-strategy	2026-03-31	+2.5%	Pending	+6.4%	Pending	4/4 (100%)
Private Credit	2026-03-31	+0.2%	-1.4%	+1.2%	+5.2%	31/31 (100%)
Private Equity	2026-03-31	+5.4%	+3.7%	+6.5%	+8.7%	13/13 (100%)
Private Real Estate	2026-03-31	-0.8%	-3.0%	-0.9%	+2.8%	16/16 (100%)