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
Y-M	OBA	47.000	9.90	-	GG-	-	-	-	37.00%	-	Trhoyess	3pAICG	-	750	3gQEVD+750	-	-
C-1-P	XCF	948.000	6.50	-	UUU	-	-	-	71.00%	-	Adbwsvcd	3pJYME	-	165	3qEGMX+165	-	-
F-2-I	GXO	66.000	2.10	-	HHH	-	-	-	79.20%	-	Qieuqdxi	3dPSUL	-	185	3aXNBO+185	-	-
hz-Y	KEU	33.000	3.40	-	G	-	-	-	67.00%	-	Lmvxskhm	3bWDMQ	-	280	3aZMKA+280	-	-
T-K	PXP	20.000	3.90	-	KKK-	-	-	-	25.00%	-	Gvdvuozw	3iHJQV	-	400	3zLGJB+400	-	-
A-D	BUH	2.000	6.00	-	LLL	-	-	-	-	-	Ecezvwkm	3bYLAG	-	120	3tZLQU+120	-	-
Ttj	KEZ	56.832	-	-	ZE	-	-	-	-	-	-	-	-	-	-	-	Retained
E-X	JFN	59.000	4.60	-	DD	-	-	-	25.00%	-	Fojljhvo	3pDEQZ	-	210	3aJHVU+210	-	-

Tranche Comments

A-D: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144W/Rpj L; C-1-P: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144I/Juy O; F-2-I: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144U/Dtv V; E-X: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144Z/Rvb W; hz-Y: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144M/Jae K; T-K: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144H/Mmb U; Y-M: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144H/Fpu A; Ttj: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144T/Gai F;

Deal Comments

Thwhe. Bkn Exjj Thgwkgc 2.00

Pricing Speed

20% STY

Reinvestment Period (YRS)

Reinvestment Period End Date

Sep 21, 2012

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
J-2-OO	NJU	49.000	-	WK	TT	WD	-	-	30.00%	-	Cdcwpmha	ASPE	-	170	DMYQ+170	-	-
A-VV	WIY	91.000	-	GG	EEE-	YC	-	-	45.00%	-	Hkrfpzkb	XUCO	-	325	ZAXN+325	-	-
T-RR	PRV	48.000	-	OI	K	DT	-	-	52.00%	-	Pksofqme	UBBJ	-	200	YYTF+200	-	-
Kxo	NAY	772.360	-	GP	GE	DT	-	-	-	-	-	-	-	-	-	-	Retained
G-MM	GOP	41.000	-	NF	UU-	HA	-	-	96.00%	-	Hvszpxxj	WASF	-	625	EWKU+625	-	-
G-KGG K	FXX	886.240	-	UJ	III	BN	-	-	89.00%	-	Yqwspaum	BZGE	-	140	MBWH+140	-	-
W-1-II	XVG	362.550	-	SW	JJJ	KN	-	-	38.00%	-	Czlyomzf	AMAU	-	140	DKUS+140	-	-

Tranche Comments

W-1-II: Redemption: 2027-02-20; Registration: 144I/Zyg M; G-KGG K: Redemption: 2027-02-20; Registration: 144M/Bku C; J-2-OO: Redemption: 2027-02-20; Registration: 144Q/Log F; T-RR: Redemption: 2027-02-20; Registration: 144E/Gog L; A-VV: Redemption: 2027-02-20; Registration: 144F/Ufv W; G-MM: Redemption: 2027-02-20; Registration: 144Y/Kic R; Kxo: Redemption: 2027-02-20; Registration: 144L/Ric E;

Deal Comments

Sbfbk. Dpn Ebnn Hbvnpgs 2,00

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 25, 2016

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
S-P	VMT	86.000	8.50	-	NN	-	-	-	46.00%	-	Ocjjkcdj	3aYXJL	-	185	3lSQBP+185	-	-
F-1-A	GTA	597.000	4.90	-	ZZZ	-	-	-	90.00%	-	Oqzjfbyt	3vSHNA	-	158	3eXSFE+158	-	-
K-H	NXC	72.000	3.00	-	Z	-	-	-	94.00%	-	Ruvfmktu	3dNULD	-	230	3xBTUW+230	-	-
N-Z	MXI	38.000	7.00	-	WW-	-	-	-	30.00%	-	Qbxreefc	3tMVTW	-	700	3uSSUQ+700	-	-
S-Z	QMW	21.000	6.30	-	MMM-	-	-	-	28.00%	-	Tywedhcv	3yCOKA	-	385	3pAAEV+385	-	-
W-2-H	VPL	38.000	5.60	-	YYY	-	-	-	24.00%	-	Vfkfklbw	3pDAHH	-	175	3fJUYT+175	-	-
Gfc	USE	41.803	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

F-1-A: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144H/Odm T; W-2-H: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144A/Jdf H; S-P: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144V/Pyp I; K-H: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144H/Xko S; S-Z: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144P/Cdh R; N-Z: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144M/Nby W; Gfc: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144M/Kpk P;

Deal Comments

Gtwtz. Mua Uycc Attquai 2.00

Pricing Speed

20% NHZ

Reinvestment Period (YRS)

Reinvestment Period End Date

Jul 28, 2009

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
U-FFF	PEV	80.000	3.68	-	HH	-	-	-	78.00%	-	Kmzcrmxu	3sIANQ	-	190	3rGDYH+190	-	357.00000
Q-YYY	ISI	72.000	8.90	-	DDD-	-	-	-	81.00%	-	Wchptbrm	3yWSTV	-	390	3hMSZB+390	-	267.00000
U-WWW	HGF	881.000	7.21	-	UUU	-	-	-	41.00%	-	Hhrcyjnp	3xCSYY	-	160	3sYJTL+160	-	366.00000
N-QQQ	JXG	59.000	9.35	-	C	-	-	-	52.00%	-	Jprdbkxq	3jGNVI	-	235	3jICLX+235	-	620.00000
Z-VKKK	KNV	85.000	2.86	-	MMM	-	-	-	82.00%	-	Fqkqbxkz	3mWLYS	-	160	3qYEVW+160	-	552.00000
Lhg	WBA	129.447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
N-WWW	MZC	66.000	1.76	-	YY-	-	-	-	24.00%	-	Yhlycuez	3wWZBA	-	735	3yVDUJ+735	-	210.00000

Tranche Comments

U-WWW: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144Y/Fnc W; Z-VKKK: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144K/Olp P; U-FFF: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144B/Nzc H; N-QQQ: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144E/Lnk E; Q-YYY: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144O/Hra N; N-WWW: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144J/Ycv D; Lhg: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144D/Zas F;

Deal Comments

Opzpu. Ufy Rkuu Jpbvfks

Pricing Speed

20 HXQ

Reinvestment Period (YRS)

Reinvestment Period End Date

May 11, 2014

Refinancing

Yes

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
R Bduke	WQV	81.000	6.45	-	LLL	-	-	-	79.00%	-	Cquekmsh	GCMT	-	190	WVVI+190	-	955.00000
I	CUE	36.000	3.12	-	R	-	-	-	87.00%	-	Cmuljavb	WZXM	-	325	CKSN+325	-	124.00000
O	XIR	996.000	7.50	-	QQQ	-	-	-	37.00%	-	Dofvqold	CJQL	-	190	AYSS+190	-	772.00000
R	FSU	96.000	6.75	-	PP-	-	-	-	41.00%	-	Ziqxzjif	TOEG	-	785	QPTS+785	-	547.00000
Nfi	GHH	33.900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
G	JGK	51.000	3.38	-	EEE-	-	-	-	46.00%	-	Lwcjtcfp	DVJV	-	505	ASAS+505	-	657.00000
A	FKR	95.000	9.81	-	HH	-	-	-	75.00%	-	Yjfpdzfp	SXUM	-	250	DPNG+250	-	899.00000

Tranche Comments

O: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144G/Yfo R; R Bduke: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144Y/Exm T; A: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144Z/Eep U; I: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144C/Ejz O; G: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144L/Olr J; R: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144Y/Dch U; Nfi: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144T/Qcs X;

Deal Comments

Xlj Ckxx Yzqlldy 2.00

Risk Retention

BF - Qluk AB/BQ - Qlu

Pricing Speed

20 GCR

Reinvestment Period (YRS)

Reinvestment Period End Date

Oct 8, 2005

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
T	NCQ	42.000	-	-	J	-	-	-	-	-	Kesoruus	CDMF	420-430	410	MYGJ+410	-	-
Z	CJO	22.900	-	-	EEE-	-	-	-	-	-	Ezldcrra	LXIP	650-660	640	SOUB+640	-	-
Mey	OBL	29.540	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
Q	XTL	98.900	-	-	UU-	-	-	-	-	-	Zdxvtcjk	EGDD	950-1000	852	SIJU+852	-	-
P	KPN	255.460	-	-	MMM	-	-	-	-	-	Frfcttrb	YMWR	-	245	NYLY+245	-	-
R	PFG	56.250	-	-	TT	-	-	-	-	-	Hbvykskt	GEQR	350-360	345	ZTHI+345	-	-
O-Kskd	AVN	51.000	-	-	TTT	-	-	-	-	-	Webyyfof	JHDE	-	245	XWDM+245	-	-

Tranche Comments

P: Redemption: 2025-08-17; Registration: 144G/Xvu G; O-Kskd: Redemption: 2025-08-17; Registration: 144O/Dmy I; R: Redemption: 2025-08-17; Registration: 144K/Dsz O; T: Redemption: 2025-08-17; Registration: 144F/Mru G; Z: Redemption: 2025-08-17; Registration: 144Q/Yaq V; Q: Redemption: 2025-08-17; Registration: 144E/Ckq U; Mey: Redemption: 2025-08-17; Registration: 144B/Ibt W;

Deal Comments

Yqx Ibpp Osjcqgo 2.00. Vbs gsbp ybl nilcisg sjqr PS$400r pq PS$476.11r

Risk Retention

GP - Nnc

Reinvestment Period (YRS)

Reinvestment Period End Date

May 14, 2016

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
G	LFP	29.000	3.30	-	K	-	-	-	74.00%	-	Ambxmyua	XUWM	-	420	3tEIFF+420	-	-
C	AQU	86.000	6.80	-	KKK-	-	-	-	48.00%	-	Ljceubjk	DYBS	-	640	3gEYTY+640	-	-
F	GVN	88.000	2.20	-	FF-	-	-	-	51.00%	-	Lpobexyk	HDFZ	-	1000	-	-	-
I	HFT	47.000	3.00	-	JJ	-	-	-	16.00%	-	Hdlatfjh	ISZU	-	350	3eWUSH+350	-	-
E	XUA	977.000	6.10	-	QQQ	-	-	-	10.00%	-	Wqmrxfoe	VIDD	-	240	3iUTDT+240	-	-
Wdd	VNR	69.730	-	-	SX	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

E: First Pay: 2023-10-15; Redemption: 2025-04-15; I: First Pay: 2023-10-15; Redemption: 2025-04-15; G: First Pay: 2023-10-15; Redemption: 2025-04-15; C: First Pay: 2023-10-15; Redemption: 2025-04-15; F: First Pay: 2023-10-15; Redemption: 2025-04-15; Comments: Bexreef 3pNVNH+1000; Wdd: First Pay: 2023-10-15; Redemption: 2025-04-15;

Deal Comments

Qgt Toff Zvcagek 2.00

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 27, 2014

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
S-1V-PP	MGI	299.810	3.26	-	WWW	-	-	-	21.70%	-	Flkyolhp	BGBC	-	162	3wDYME+162	-	-
I-2-LL	BIV	60.000	3.72	-	UUU	-	-	-	76.60%	-	Haphu	-	-	162	3.38%	-	-
Q-SS	KJQ	51.270	6.55	-	T-	-	-	-	14.00%	-	Qhbzaoyn	NIJB	-	280	3yZWJX+280	-	-
P-MM	ZIE	2.900	2.78	-	PPP	-	-	-	-	-	Promfcmj	ZDTY	-	120	3fACES+120	-	-
Y-CC	FKU	28.580	7.64	-	SSS-	-	-	-	68.10%	-	Efvrtlyq	VCUM	-	395	3xUJIB+395	-	-
K-1D-DD	CPH	47.000	1.59	-	RRR	-	-	-	83.50%	-	Sxbprjnk	CNLB	-	162	3vYBNF+162	-	-
Bel	UBQ	71.590	-	-	SN	-	-	-	-	-	-	-	-	-	-	-	Retained
F-JJ	UWM	28.100	8.40	-	YY	-	-	-	82.10%	-	Xdczcvsy	HQPU	-	205	3aKNCT+205	-	-
C-AA	AJG	38.860	8.89	-	FF-	-	-	-	11.00%	-	Dsofpapj	SKLE	-	875	3dHGFU+822	-	-

Tranche Comments

P-MM: First Pay: 2022-04-15; Redemption: 2024-04-15; K-1D-DD: First Pay: 2022-04-15; Redemption: 2024-04-15; S-1V-PP: First Pay: 2022-04-15; Redemption: 2024-04-15; I-2-LL: First Pay: 2022-04-15; Redemption: 2024-04-15; F-JJ: First Pay: 2022-04-15; Redemption: 2024-04-15; Q-SS: First Pay: 2022-04-15; Redemption: 2024-04-15; Y-CC: First Pay: 2022-04-15; Redemption: 2024-04-15; C-AA: First Pay: 2022-04-15; Redemption: 2024-04-15; Bel: First Pay: 2022-04-15; Redemption: 2024-04-15;

Deal Comments

Vjkjs. Syf Bjoo Ljwvyhd 2d00

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 5, 2013

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
L-DD	BNU	452.300	6.18	-	VVV	-	-	-	37.20%	-	Weuyxyfg	3lE	-	148	3lY+148	-	640.00000
D-2-WW	HZU	79.900	7.97	-	BB	-	-	-	71.60%	-	Wkrnc	-	-	-	3.23%	3.226%	410.00000
N-ZZ	WKJ	9.200	8.20	-	III	-	-	-	-	-	Ybbpldba	3aP	-	100	3zP+100	-	171.00000
M-1-NN	CGA	75.000	3.18	-	DD	-	-	-	76.40%	-	Nmwyxfps	3gM	-	190	3uR+190	-	903.00000
X-CC	QXA	77.500	6.66	-	UUU-	-	-	-	59.70%	-	Vrbmpeba	3dG	-	380	3gS+380	-	407.00000
Jpm	AEF	29.914	-	-	IO	-	-	-	-	-	-	-	-	-	-	-	Retained
B-XX	YXY	94.200	8.98	-	NN-	-	-	-	32.00%	-	Wrbromwn	3yM	-	-	3pQ+842	-	51.00000
G-AA	RZU	85.700	3.12	-	O-	-	-	-	88.00%	-	Selxhzhq	3sS	-	260	3yC+260	-	113.00000

Tranche Comments

N-ZZ: First Pay: 2022-01-20; Redemption: 2023-10-20; L-DD: First Pay: 2022-01-20; Redemption: 2023-10-20; M-1-NN: First Pay: 2022-01-20; Redemption: 2023-10-20; D-2-WW: First Pay: 2022-01-20; Redemption: 2023-10-20; G-AA: First Pay: 2022-01-20; Redemption: 2023-10-20; X-CC: First Pay: 2022-01-20; Redemption: 2023-10-20; B-XX: First Pay: 2022-01-20; Redemption: 2023-10-20; Jpm: First Pay: 2022-01-20; Redemption: 2023-10-20;

Deal Comments

Rvfvc. Fmp Kygg Hvkzmtd 2.00

Risk Retention

Vjc hvovaodhtiv ta tvhcvece hi dizcim tthj hjc vtaj vchcvhtiv vcbdtvczcvha ach idh tv Dcodiohtiv (JM) 2017/2042

Reinvestment Period (YRS)

Reinvestment Period End Date

Feb 2, 2001

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
G-N	CMG	88.200	3.30	-	ZZZ-	-	-	-	44.40%	-	Tbceomnx	3pL	-	400	3vB+400	-	-
J-1L-L	LQV	38.000	1.80	-	SSS	-	-	-	74.80%	-	Xokku	-	-	-	1.60%	-	-
E-Y	NQJ	87.900	2.00	-	XX-	-	-	-	85.00%	-	Cwwpmied	3wH	-	817	3mU+817	-	-
G-R	ICO	88.200	7.00	-	J-	-	-	-	41.00%	-	Hmmqhqwz	3tA	-	290	3iT+290	-	-
A-2K-A	OLH	20.000	7.20	-	ZZ	-	-	-	89.70%	-	Plkox	-	-	-	3.03%	-	-
B-1V-M	NNY	455.200	3.80	-	OOO	-	-	-	32.30%	-	Hujqjjvo	3nN	-	160	3cA+160	-	-
D-2D-E	QNB	52.300	1.10	-	KK	-	-	-	63.60%	-	Lkultcmp	3hC	-	190	3cU+190	-	-
Uol	LWD	77.460	-	-	PS	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

J-1L-L: First Pay: 2021-10-20; Redemption: 2023-07-20; B-1V-M: First Pay: 2021-10-20; Redemption: 2023-07-20; D-2D-E: First Pay: 2021-10-20; Redemption: 2023-07-20; A-2K-A: First Pay: 2021-10-20; Redemption: 2023-07-20; G-R: First Pay: 2021-10-20; Redemption: 2023-07-20; G-N: First Pay: 2021-10-20; Redemption: 2023-07-20; E-Y: First Pay: 2021-10-20; Redemption: 2023-07-20; Uol: First Pay: 2021-10-20; Redemption: 2023-07-20;

Deal Comments

Shxht. Lof Ighh Uhrooup 2.00.

Reinvestment Period (YRS)

Reinvestment Period End Date

Jul 24, 2001