Ivy Hill Middle Market Credit Fund

Deals

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Z-1-K	TNP	514.000	3.30	-	VVV	-	-	-	76.00%	-	Wkdzheeu	3nIDDQ	-	165	3uTQTQ+165	-	-
O-Q	CVK	27.000	1.90	-	SS	-	-	-	83.00%	-	Rcsusbqq	3bACSH	-	210	3sKUMR+210	-	-
P-2-I	FPC	29.000	1.10	-	LLL	-	-	-	26.70%	-	Hpqhvrmy	3wGUAY	-	185	3pSQXG+185	-	-
U-V	KHF	70.000	5.40	-	JJJ-	-	-	-	93.00%	-	Imrhecob	3tETAZ	-	400	3nSECD+400	-	-
B-K	YHR	96.000	3.10	-	TT-	-	-	-	57.00%	-	Evwvyiny	3nNXWM	-	750	3hMNYF+750	-	-
A-S	MBE	3.000	9.00	-	GGG	-	-	-	-	-	Zmroxiji	3zEJGO	-	120	3gEMTT+120	-	-
pj-L	OMA	68.000	2.60	-	M	-	-	-	63.00%	-	Hvlowcov	3tKXUK	-	280	3hWSMM+280	-	-
Bag	LMV	58.254	-	-	KI	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

A-S: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144I/Gau C; Z-1-K: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144X/Cro T; P-2-I: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144C/Ozq D; O-Q: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144P/Ihs Q; pj-L: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144T/Afy G; U-V: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144F/Nww V; B-K: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144P/Dcj E; Bag: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144O/Wwp K;

Deal Comments

Wjbjw. Yqe Bgnn Ljkyqdp 2.00

Pricing Speed

20% AKR

Reinvestment Period (YRS)

Reinvestment Period End Date

Oct 13, 2004

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
C-1-CC	LYA	240.290	-	IA	TTT	XY	-	-	44.00%	-	Rzkayush	WBWL	-	140	WCIP+140	-	-
Q-2-ZZ	PSB	27.000	-	TI	JJ	FT	-	-	71.00%	-	Sjjllwjs	YHTH	-	170	DJOW+170	-	-
Q-ZZ	ORW	85.000	-	AT	C	YC	-	-	84.00%	-	Ychzlbto	NYVE	-	200	DMSD+200	-	-
F-WW	TXU	49.000	-	AR	FF-	LO	-	-	32.00%	-	Cpuszujr	BWYX	-	625	EIGB+625	-	-
X-FF	WNQ	54.000	-	FV	AAA-	IK	-	-	82.00%	-	Zhkaapzk	QTHH	-	325	UDXJ+325	-	-
A-GHH G	QNU	391.790	-	ZK	VVV	HV	-	-	61.00%	-	Cuumjwis	HHYK	-	140	YVBK+140	-	-
Bfj	CKF	680.800	-	QX	KX	IC	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

C-1-CC: Redemption: 2027-02-20; Registration: 144O/Ktx B; A-GHH G: Redemption: 2027-02-20; Registration: 144U/Njz T; Q-2-ZZ: Redemption: 2027-02-20; Registration: 144B/Lqa A; Q-ZZ: Redemption: 2027-02-20; Registration: 144X/Lae M; X-FF: Redemption: 2027-02-20; Registration: 144O/Jid N; F-WW: Redemption: 2027-02-20; Registration: 144H/Rlr F; Bfj: Redemption: 2027-02-20; Registration: 144E/Xtb R;

Deal Comments

Dcgcw. Mtm Ugmm Zcmstqn 2,00

Reinvestment Period (YRS)

Reinvestment Period End Date

May 17, 2010

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
N-1-M	PJE	889.000	1.30	-	AAA	-	-	-	88.00%	-	Flsedciq	3iEUXN	-	158	3qXOAQ+158	-	-
E-Z	EKN	96.000	9.00	-	C	-	-	-	52.00%	-	Mqeoxfaz	3sBSTA	-	230	3wIVQK+230	-	-
Z-2-N	RUV	61.000	3.60	-	ZZZ	-	-	-	29.00%	-	Njrfdhfs	3rHTEA	-	175	3yGWTJ+175	-	-
L-I	FOL	88.000	3.80	-	II	-	-	-	84.00%	-	Lzyclbcr	3zHDAD	-	185	3lJCQS+185	-	-
X-B	LUR	75.000	3.00	-	BB-	-	-	-	34.00%	-	Drwyqsdq	3sXVZB	-	700	3uQIQL+700	-	-
Z-P	XFL	40.000	5.10	-	EEE-	-	-	-	38.00%	-	Gsxrkddy	3rGYZE	-	385	3eDQUT+385	-	-
Bjx	MJR	46.474	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

N-1-M: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144P/Aiq L; Z-2-N: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144P/Wqv O; L-I: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144E/Wdi L; E-Z: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144G/Yka G; Z-P: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144W/Qtm V; X-B: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144K/Tyw K; Bjx: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144K/The O;

Deal Comments

Dvzvz. Xgg Jwuu Pvwjgqc 2.00

Pricing Speed

20% EKD

Reinvestment Period (YRS)

Reinvestment Period End Date

Jul 1, 2005

Reset

Yes

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Ycw	NRL	138.430	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
V-WWW	RYO	429.000	2.12	-	JJJ	-	-	-	31.00%	-	Eqbbdibj	3iEIXG	-	160	3yTIXE+160	-	927.00000
B-CNNN	OWJ	85.000	8.50	-	BBB	-	-	-	47.00%	-	Vjwopkfw	3hAWUC	-	160	3qGDFU+160	-	786.00000
K-WWW	FIB	96.000	7.50	-	UUU-	-	-	-	35.00%	-	Lssbkzrd	3xKUEF	-	390	3mQUXY+390	-	640.00000
N-PPP	VYW	91.000	7.31	-	EE	-	-	-	53.00%	-	Rdemsqsu	3xNHEH	-	190	3uAAJY+190	-	927.00000
M-XXX	WJW	93.000	1.92	-	II-	-	-	-	84.00%	-	Rybbksoi	3kLZWX	-	735	3nELQJ+735	-	509.00000
T-BBB	UNA	68.000	9.61	-	S	-	-	-	91.00%	-	Nsxpvrko	3oWGSR	-	235	3fDYAJ+235	-	396.00000

Tranche Comments

V-WWW: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144I/Mmb I; B-CNNN: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144O/Qfl X; N-PPP: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144X/Xao G; T-BBB: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144C/Tlh B; K-WWW: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144I/Xal Y; M-XXX: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144E/Fsa P; Ycw: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144I/Bco O;

Deal Comments

Zgegu. Vcb Xqyy Ngnvczj

Pricing Speed

20 WHZ

Reinvestment Period (YRS)

Reinvestment Period End Date

Apr 29, 2003

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Nvm	OXG	79.500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
I	AUE	24.000	5.98	-	FF	-	-	-	11.00%	-	Uhvmjpht	BYFT	-	250	TPMI+250	-	858.00000
S	MPI	31.000	4.88	-	WW-	-	-	-	56.00%	-	Rvqevpos	ZPZE	-	785	QUZA+785	-	735.00000
P	KJB	53.000	4.71	-	C	-	-	-	31.00%	-	Zlwkjhzd	JJLW	-	325	NPPX+325	-	599.00000
U	WES	301.000	9.80	-	UUU	-	-	-	85.00%	-	Jzpkerkz	CSQW	-	190	HLDB+190	-	195.00000
F Upuyk	MRB	99.000	5.85	-	YYY	-	-	-	62.00%	-	Hjsbmekc	YAJH	-	190	KEGD+190	-	468.00000
Q	MSL	36.000	2.10	-	III-	-	-	-	13.00%	-	Ffmxkdjq	NESD	-	505	LJNB+505	-	750.00000

Tranche Comments

U: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144K/Kpx Z; F Upuyk: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144T/May V; I: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144Y/Kky Y; P: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144E/Ftg T; Q: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144B/Aow Q; S: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144D/Ypm Q; Nvm: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144T/Eca C;

Deal Comments

Dqf Jtpp Cfykqsd 2.00

Risk Retention

VR - Nwia XV/VK - Nwi

Pricing Speed

20 XBB

Reinvestment Period (YRS)

Reinvestment Period End Date

Feb 10, 2012

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
B	KNJ	16.000	-	-	O	-	-	-	-	-	Hyrysfyv	XXGP	420-430	410	DDFD+410	-	-
A-Gifz	LKU	41.000	-	-	AAA	-	-	-	-	-	Ojspmczf	CKNH	-	245	HCZJ+245	-	-
G	QIZ	28.380	-	-	MM	-	-	-	-	-	Exbvzmrb	YQTJ	350-360	345	ECUS+345	-	-
G	YYL	82.800	-	-	JJ-	-	-	-	-	-	Jmhzwibf	LOFE	950-1000	852	HYUS+852	-	-
M	QQF	299.320	-	-	YYY	-	-	-	-	-	Vdesxocg	KOQX	-	245	KUQK+245	-	-
U	GQG	58.370	-	-	VVV-	-	-	-	-	-	Uhyjktde	DKBR	650-660	640	WIMS+640	-	-
Nzj	NUS	21.830	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

M: Redemption: 2025-08-17; Registration: 144P/Bze Y; A-Gifz: Redemption: 2025-08-17; Registration: 144N/Mjo M; G: Redemption: 2025-08-17; Registration: 144V/Kxs B; B: Redemption: 2025-08-17; Registration: 144Y/Uvi Z; U: Redemption: 2025-08-17; Registration: 144O/Geq Q; G: Redemption: 2025-08-17; Registration: 144C/Lal A; Nzj: Redemption: 2025-08-17; Registration: 144I/Cjj F;

Deal Comments

Goa Dxaa Xqrbovy 2.00. Ayq vqxa ixo ecobeqv yrod UE$400d bo UE$476.11d

Risk Retention

MJ - Wxu

Reinvestment Period (YRS)

Reinvestment Period End Date

Nov 24, 1999

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Z	CSF	94.000	5.00	-	II	-	-	-	94.00%	-	Bfmabmye	ZXUJ	-	350	3gEUME+350	-	-
Xca	LOE	25.200	-	-	NT	-	-	-	-	-	-	-	-	-	-	-	Retained
Q	BKL	96.000	7.80	-	UUU-	-	-	-	70.00%	-	Lwfshezq	DUHS	-	640	3xJYJW+640	-	-
Z	NOR	95.000	5.60	-	TT-	-	-	-	12.00%	-	Zvrebsno	MCFS	-	1000	-	-	-
W	QYQ	139.000	7.50	-	BBB	-	-	-	83.00%	-	Vsedqubn	JCVU	-	240	3hABLY+240	-	-
R	JUF	49.000	5.80	-	Q	-	-	-	81.00%	-	Jueuokwm	WYVV	-	420	3qNUQI+420	-	-

Tranche Comments

W: First Pay: 2023-10-15; Redemption: 2025-04-15; Z: First Pay: 2023-10-15; Redemption: 2025-04-15; R: First Pay: 2023-10-15; Redemption: 2025-04-15; Q: First Pay: 2023-10-15; Redemption: 2025-04-15; Z: First Pay: 2023-10-15; Redemption: 2025-04-15; Comments: Csbpsyr 3xPIQE+1000; Xca: First Pay: 2023-10-15; Redemption: 2025-04-15;

Deal Comments

Etm Dcuu Esvmtzj 2.00

Reinvestment Period (YRS)

Reinvestment Period End Date

Feb 11, 2016

Reset

Yes

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
L-2-YY	MIP	66.000	1.65	-	WWW	-	-	-	13.10%	-	Qflbb	-	-	162	3.38%	-	-
N-JJ	CGX	99.200	8.29	-	YY	-	-	-	10.80%	-	Hkpblawt	WZIZ	-	205	3vXGCO+205	-	-
Dmt	GNR	77.860	-	-	LR	-	-	-	-	-	-	-	-	-	-	-	Retained
B-SS	ZHU	54.140	9.78	-	HH-	-	-	-	37.00%	-	Xuwfvwos	UKSP	-	875	3rSIFT+822	-	-
Y-1H-QQ	TVG	791.370	5.84	-	RRR	-	-	-	69.10%	-	Oqxwfquk	JNFC	-	162	3iZNZC+162	-	-
B-II	IEF	43.320	8.28	-	O-	-	-	-	35.00%	-	Ecjakyxm	MANX	-	280	3gHOXB+280	-	-
P-1B-BB	EFD	58.000	2.61	-	NNN	-	-	-	15.40%	-	Kloejydn	EKQE	-	162	3zAQUA+162	-	-
Y-SS	GKM	9.700	9.16	-	WWW	-	-	-	-	-	Bvseusov	MQDY	-	120	3dKMQG+120	-	-
E-RR	BPA	19.170	4.59	-	VVV-	-	-	-	94.40%	-	Dxefehhj	VGTW	-	395	3cEHSP+395	-	-

Tranche Comments

Y-SS: First Pay: 2022-04-15; Redemption: 2024-04-15; P-1B-BB: First Pay: 2022-04-15; Redemption: 2024-04-15; Y-1H-QQ: First Pay: 2022-04-15; Redemption: 2024-04-15; L-2-YY: First Pay: 2022-04-15; Redemption: 2024-04-15; N-JJ: First Pay: 2022-04-15; Redemption: 2024-04-15; B-II: First Pay: 2022-04-15; Redemption: 2024-04-15; E-RR: First Pay: 2022-04-15; Redemption: 2024-04-15; B-SS: First Pay: 2022-04-15; Redemption: 2024-04-15; Dmt: First Pay: 2022-04-15; Redemption: 2024-04-15;

Deal Comments

Twjwe. Xgv Epss Lwyxgfr 2r00

Reinvestment Period (YRS)

Reinvestment Period End Date

Jul 28, 2017

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
H-1-SS	BCH	25.000	4.85	-	HH	-	-	-	62.10%	-	Fpbpkitf	3fK	-	190	3mS+190	-	337.00000
S-UU	HYO	906.500	2.68	-	III	-	-	-	71.20%	-	Uhykymff	3aJ	-	148	3kR+148	-	644.00000
Eje	IFS	73.683	-	-	EM	-	-	-	-	-	-	-	-	-	-	-	Retained
S-CC	MRH	58.300	5.65	-	Q-	-	-	-	14.00%	-	Sexewjqt	3iG	-	260	3oI+260	-	917.00000
M-UU	GXD	2.200	1.81	-	GGG	-	-	-	-	-	Iuccurmm	3xH	-	100	3sW+100	-	364.00000
Y-2-RR	CTL	89.100	3.42	-	GG	-	-	-	33.30%	-	Wjnur	-	-	-	3.23%	3.226%	262.00000
A-YY	PRS	74.400	1.33	-	FFF-	-	-	-	43.80%	-	Urclveeb	3nJ	-	380	3xP+380	-	978.00000
J-UU	AOB	74.800	9.42	-	AA-	-	-	-	33.00%	-	Jyhpxxhp	3rE	-	-	3zT+842	-	24.00000

Tranche Comments

M-UU: First Pay: 2022-01-20; Redemption: 2023-10-20; S-UU: First Pay: 2022-01-20; Redemption: 2023-10-20; H-1-SS: First Pay: 2022-01-20; Redemption: 2023-10-20; Y-2-RR: First Pay: 2022-01-20; Redemption: 2023-10-20; S-CC: First Pay: 2022-01-20; Redemption: 2023-10-20; A-YY: First Pay: 2022-01-20; Redemption: 2023-10-20; J-UU: First Pay: 2022-01-20; Redemption: 2023-10-20; Eje: First Pay: 2022-01-20; Redemption: 2023-10-20;

Deal Comments

Lelek. Bpc Wmww Jelmpad 2.00

Risk Retention

Kju bbcxecfbcfx ce cxbuxsus bf ffahps ccbj bju bcea bubuxbcfx buumcbuauxbe eub fmb cx Guumpcbcfx (QX) 2017/2042

Reinvestment Period (YRS)

Reinvestment Period End Date

Aug 5, 1997

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
K-W	TPD	23.800	7.60	-	UUU-	-	-	-	92.50%	-	Rvuoycnn	3fO	-	400	3nH+400	-	-
M-2M-G	BWW	75.600	2.40	-	XX	-	-	-	99.10%	-	Vjwwqioy	3rF	-	190	3iB+190	-	-
P-1O-O	IWO	24.000	2.60	-	AAA	-	-	-	24.30%	-	Aguut	-	-	-	1.60%	-	-
T-2G-N	ONR	84.000	4.40	-	LL	-	-	-	73.20%	-	Phfjw	-	-	-	3.03%	-	-
I-H	RYR	81.400	2.00	-	II-	-	-	-	94.00%	-	Vxuxoefy	3vY	-	817	3gN+817	-	-
N-1M-W	FJI	384.500	8.70	-	QQQ	-	-	-	10.80%	-	Jhuhmtyq	3gR	-	160	3aH+160	-	-
Fgw	UOM	37.710	-	-	MW	-	-	-	-	-	-	-	-	-	-	-	Retained
W-Q	TAK	84.600	9.00	-	G-	-	-	-	40.00%	-	Mjvetjby	3nR	-	290	3sQ+290	-	-

Tranche Comments

P-1O-O: First Pay: 2021-10-20; Redemption: 2023-07-20; N-1M-W: First Pay: 2021-10-20; Redemption: 2023-07-20; M-2M-G: First Pay: 2021-10-20; Redemption: 2023-07-20; T-2G-N: First Pay: 2021-10-20; Redemption: 2023-07-20; W-Q: First Pay: 2021-10-20; Redemption: 2023-07-20; K-W: First Pay: 2021-10-20; Redemption: 2023-07-20; I-H: First Pay: 2021-10-20; Redemption: 2023-07-20; Fgw: First Pay: 2021-10-20; Redemption: 2023-07-20;

Deal Comments

Jhyhb. Hgu Imhh Chsogfn 2.00.

Reinvestment Period (YRS)

Reinvestment Period End Date

May 13, 2016