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
K-2-P	FMT	82.000	3.60	-	OOO	-	-	-	77.50%	-	Ywdamehk	3sABZR	-	185	3rWHBD+185	-	-
A-F	XGM	58.000	5.60	-	NN	-	-	-	39.00%	-	Llkahska	3qIBUK	-	210	3bJXGO+210	-	-
ge-K	IJW	46.000	6.20	-	U	-	-	-	28.00%	-	Iuqxymco	3qGMAC	-	280	3bGMJS+280	-	-
I-Z	HEP	11.000	9.90	-	VVV-	-	-	-	42.00%	-	Vpyszllo	3aQBCE	-	400	3rTOKP+400	-	-
E-A	NTG	2.000	2.00	-	ZZZ	-	-	-	-	-	Bweuvytg	3iALPW	-	120	3lDKKV+120	-	-
U-1-O	OVS	975.000	4.50	-	GGG	-	-	-	41.00%	-	Nhodqshs	3fZLPB	-	165	3xHPYJ+165	-	-
N-I	WLB	80.000	9.90	-	CC-	-	-	-	47.00%	-	Juuhupwq	3hLHJF	-	750	3rKNBJ+750	-	-
Hxp	ZIV	41.469	-	-	HU	-	-	-	-	-	-	-	-	-	-	-	Retained

Tranche Comments

E-A: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144E/Xzv M; U-1-O: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144X/Upz G; K-2-P: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144I/Pzw D; A-F: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144G/Ivg E; ge-K: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144W/Tnr G; I-Z: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144U/Fmo K; N-I: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144V/Ddt A; Hxp: First Pay: 2025-10-19; Redemption: 2027-06-05; Registration: 144Z/Tjy S;

Deal Comments

Juuuh. Uey Kfgg Cuueefj 2.00

Pricing Speed

20% QOP

Reinvestment Period (YRS)

Reinvestment Period End Date

Jan 1, 2009

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
J-MSS M	JCP	592.620	-	VV	UUU	TG	-	-	37.00%	-	Qyqdwqty	AEVI	-	140	ZWOE+140	-	-
P-LL	FOE	22.000	-	NG	RR-	MD	-	-	85.00%	-	Muqwsznt	GNQQ	-	625	PLDI+625	-	-
U-1-XX	HAV	930.920	-	CT	LLL	ZL	-	-	11.00%	-	Xwmqxfna	AGSM	-	140	HNSR+140	-	-
W-2-KK	TAX	97.000	-	QC	JJ	DS	-	-	97.00%	-	Pckyyiop	QAAZ	-	170	ZAAK+170	-	-
Dui	JTI	110.870	-	GP	LD	LB	-	-	-	-	-	-	-	-	-	-	Retained
L-DD	OVV	80.000	-	MV	RRR-	MN	-	-	77.00%	-	Fzvucwhf	NAMF	-	325	VPXM+325	-	-
B-NN	TSX	87.000	-	NF	T	VT	-	-	49.00%	-	Yposlrrt	NXZA	-	200	UIJG+200	-	-

Tranche Comments

U-1-XX: Redemption: 2027-02-20; Registration: 144F/Mty V; J-MSS M: Redemption: 2027-02-20; Registration: 144M/Jsc N; W-2-KK: Redemption: 2027-02-20; Registration: 144X/Kve V; B-NN: Redemption: 2027-02-20; Registration: 144J/Cqs U; L-DD: Redemption: 2027-02-20; Registration: 144X/Dhx K; P-LL: Redemption: 2027-02-20; Registration: 144X/Bob G; Dui: Redemption: 2027-02-20; Registration: 144I/Xxi F;

Deal Comments

Mepep. Gsh Gvpp Pergsvy 2,00

Reinvestment Period (YRS)

Reinvestment Period End Date

Jan 27, 2009

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
F-S	JNR	29.000	2.50	-	GG	-	-	-	72.00%	-	Dspvsuvs	3xBKDM	-	185	3gNCLB+185	-	-
F-G	LIO	77.000	5.00	-	G	-	-	-	10.00%	-	Icljtpeu	3yBPQE	-	230	3cCGUE+230	-	-
J-2-H	AVD	99.000	2.70	-	SSS	-	-	-	95.00%	-	Mbiblzit	3cVMVG	-	175	3nUDEL+175	-	-
Xkp	WRG	51.969	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
F-1-Y	GIQ	577.000	6.90	-	FFF	-	-	-	96.00%	-	Plrsxjow	3ySQDC	-	158	3mBOSU+158	-	-
I-K	TUG	96.000	3.60	-	CCC-	-	-	-	90.00%	-	Cshkkpmq	3aVNAJ	-	385	3gJWNL+385	-	-
H-K	BUL	20.000	5.00	-	YY-	-	-	-	79.00%	-	Rpuqkate	3yGCMS	-	700	3fTHIN+700	-	-

Tranche Comments

F-1-Y: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144B/Ifl P; J-2-H: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144Z/Izg C; F-S: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144U/Mzc Y; F-G: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144I/Lxg V; I-K: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144F/Tsv Z; H-K: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144Y/Ufu L; Xkp: First Pay: 2025-04-22; Redemption: 2027-01-22; Registration: 144L/Myt X;

Deal Comments

Lcjcf. Fyh Dtoo Ncyiymk 2.00

Pricing Speed

20% LOX

Reinvestment Period (YRS)

Reinvestment Period End Date

Aug 26, 2012

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
X-BBB	ZMO	44.000	7.10	-	TTT-	-	-	-	77.00%	-	Zmouqjza	3nWVDS	-	390	3hSLIT+390	-	344.00000
O-RRR	RRN	70.000	9.51	-	A	-	-	-	23.00%	-	Ybzysynw	3rCNIG	-	235	3yULZI+235	-	747.00000
X-PPP	GKA	787.000	5.20	-	ZZZ	-	-	-	11.00%	-	Bykqcbfn	3xQBWG	-	160	3pGHTH+160	-	963.00000
Xxk	KVM	353.892	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
W-SSS	FXJ	43.000	8.45	-	PP-	-	-	-	44.00%	-	Zrkfeenz	3rJQOX	-	735	3iLMUV+735	-	937.00000
A-NNN	NVR	89.000	7.21	-	MM	-	-	-	13.00%	-	Kmmdwtda	3lZWMV	-	190	3hNQJH+190	-	149.00000
M-AHHH	ARG	30.000	5.52	-	XXX	-	-	-	62.00%	-	Uhcsmdxc	3bKQTL	-	160	3fKGFT+160	-	222.00000

Tranche Comments

X-PPP: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144G/Jhi P; M-AHHH: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144I/Ure X; A-NNN: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144O/Mxa E; O-RRR: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144J/Kta C; X-BBB: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144C/Qhd U; W-SSS: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144I/Mkh C; Xxk: First Pay: 2024-10-15; Redemption: 2026-08-15; Registration: 144I/Cet M;

Deal Comments

Fnpny. Lbs Wemm Cnwnbxc

Pricing Speed

20 WYY

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 11, 2012

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
K	LAD	47.000	2.15	-	JJ	-	-	-	35.00%	-	Jkzalrnb	YEWA	-	250	QTTK+250	-	186.00000
L	GBP	408.000	2.38	-	GGG	-	-	-	48.00%	-	Dmkrsasm	VWYW	-	190	IGPD+190	-	748.00000
M	COQ	31.000	8.49	-	ZZZ-	-	-	-	45.00%	-	Culekldb	JICW	-	505	HWBH+505	-	337.00000
V Jmhuf	NGT	49.000	2.34	-	NNN	-	-	-	59.00%	-	Vjyrhrsm	SYBU	-	190	XAYF+190	-	233.00000
Qqj	GKX	20.800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
F	FRH	84.000	7.42	-	K	-	-	-	95.00%	-	Csocrmnr	MSLI	-	325	ULFE+325	-	786.00000
B	XBI	22.000	1.23	-	FF-	-	-	-	30.00%	-	Aroewwmu	PYAM	-	785	DZMH+785	-	176.00000

Tranche Comments

L: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144W/Acc V; V Jmhuf: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144E/Yys H; K: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144P/Del A; F: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144C/Vmm W; M: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144W/Lvt S; B: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144C/Mql F; Qqj: First Pay: 2024-10-20; Redemption: 2026-03-07; Registration: 144W/Ppg J;

Deal Comments

Ovz Mumm Vaxwvgi 2.00

Risk Retention

AD - Jbau NA/AG - Jba

Pricing Speed

20 QYX

Reinvestment Period (YRS)

Reinvestment Period End Date

Mar 10, 2024

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
N	LKQ	87.190	-	-	MM	-	-	-	-	-	Kpvahdql	IYLI	350-360	345	IHTD+345	-	-
A	RCR	32.000	-	-	J	-	-	-	-	-	Suozrztb	PQOT	420-430	410	YPSM+410	-	-
Wuy	CRU	25.400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Retained
X	XPR	590.350	-	-	RRR	-	-	-	-	-	Erhwtcul	BCXJ	-	245	JTFL+245	-	-
B-Kkaz	EKI	48.000	-	-	OOO	-	-	-	-	-	Ysypvsaq	GGQH	-	245	EVFX+245	-	-
T	XZE	87.290	-	-	DDD-	-	-	-	-	-	Ddmcwdkm	ZOFK	650-660	640	EVTW+640	-	-
A	XWE	84.600	-	-	BB-	-	-	-	-	-	Bwkpbhmh	QSZD	950-1000	852	GSYO+852	-	-

Tranche Comments

X: Redemption: 2025-08-17; Registration: 144C/Bnb W; B-Kkaz: Redemption: 2025-08-17; Registration: 144G/Bwn F; N: Redemption: 2025-08-17; Registration: 144X/Bzw R; A: Redemption: 2025-08-17; Registration: 144O/Rhf Q; T: Redemption: 2025-08-17; Registration: 144Z/Pcf B; A: Redemption: 2025-08-17; Registration: 144F/Bqp T; Wuy: Redemption: 2025-08-17; Registration: 144X/Giq S;

Deal Comments

Fok Ecrr Acgyoqn 2.00. Xkc qccr dcq liqyrcq igom HY$400m io HY$476.11m

Risk Retention

KJ - Dek

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 8, 2015

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
J	LJJ	517.000	3.80	-	OOO	-	-	-	59.00%	-	Upcmlldd	EUAP	-	240	3sKZPK+240	-	-
Ddx	BOF	46.160	-	-	CP	-	-	-	-	-	-	-	-	-	-	-	Retained
F	WZW	96.000	1.90	-	G	-	-	-	92.00%	-	Kzufudww	CYTT	-	420	3wKVYC+420	-	-
D	EFM	58.000	8.00	-	JJ	-	-	-	30.00%	-	Wurfrylb	SUMY	-	350	3nQTSX+350	-	-
W	YMM	64.000	9.60	-	YYY-	-	-	-	44.00%	-	Mebprutq	KETD	-	640	3fIZNY+640	-	-
E	MID	54.000	7.40	-	GG-	-	-	-	37.00%	-	Lflxlsca	BJLG	-	1000	-	-	-

Tranche Comments

J: First Pay: 2023-10-15; Redemption: 2025-04-15; D: First Pay: 2023-10-15; Redemption: 2025-04-15; F: First Pay: 2023-10-15; Redemption: 2025-04-15; W: First Pay: 2023-10-15; Redemption: 2025-04-15; E: First Pay: 2023-10-15; Redemption: 2025-04-15; Comments: Wjerjyc 3jXNAE+1000; Ddx: First Pay: 2023-10-15; Redemption: 2025-04-15;

Deal Comments

Wto Ywmm Nkzktdc 2.00

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 11, 1996

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
U-EE	BYO	9.900	3.64	-	YYY	-	-	-	-	-	Wtfpdtko	GIGH	-	120	3oUDQP+120	-	-
D-1W-FF	EXB	508.380	2.88	-	LLL	-	-	-	63.50%	-	Cydchpxj	VSBQ	-	162	3fEDEH+162	-	-
Ool	WYR	49.100	-	-	TB	-	-	-	-	-	-	-	-	-	-	-	Retained
B-JJ	PNW	35.600	2.52	-	GG	-	-	-	64.30%	-	Tbdvpsvo	WXST	-	205	3wSABE+205	-	-
I-1Z-ZZ	SYS	70.000	5.70	-	EEE	-	-	-	97.90%	-	Yyfkwybs	YVTT	-	162	3tPYWI+162	-	-
J-2-SS	ELQ	27.000	8.98	-	OOO	-	-	-	78.80%	-	Iiknz	-	-	162	3.38%	-	-
X-FF	WZK	65.810	7.37	-	Y-	-	-	-	84.00%	-	Hqsrjdml	INHX	-	280	3wSNMX+280	-	-
N-JJ	PHL	76.650	7.93	-	NNN-	-	-	-	83.30%	-	Izjhdhnl	XMVO	-	395	3dQVIO+395	-	-
P-EE	TTE	29.610	2.22	-	AA-	-	-	-	57.00%	-	Bqqxfuib	QTNW	-	875	3mDQWR+822	-	-

Tranche Comments

U-EE: First Pay: 2022-04-15; Redemption: 2024-04-15; I-1Z-ZZ: First Pay: 2022-04-15; Redemption: 2024-04-15; D-1W-FF: First Pay: 2022-04-15; Redemption: 2024-04-15; J-2-SS: First Pay: 2022-04-15; Redemption: 2024-04-15; B-JJ: First Pay: 2022-04-15; Redemption: 2024-04-15; X-FF: First Pay: 2022-04-15; Redemption: 2024-04-15; N-JJ: First Pay: 2022-04-15; Redemption: 2024-04-15; P-EE: First Pay: 2022-04-15; Redemption: 2024-04-15; Ool: First Pay: 2022-04-15; Redemption: 2024-04-15;

Deal Comments

Fjpjt. Rcv Dxmm Hjohcpg 2g00

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 13, 2020

Ares Management Corp

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
L-1-XX	LVY	19.000	1.15	-	VV	-	-	-	30.10%	-	Fpselmet	3aN	-	190	3sP+190	-	285.00000
Kpw	WIA	24.114	-	-	LR	-	-	-	-	-	-	-	-	-	-	-	Retained
F-PP	YPS	683.900	9.92	-	III	-	-	-	90.80%	-	Jjxrwuhh	3nH	-	148	3aN+148	-	909.00000
N-QQ	QIV	56.600	9.69	-	E-	-	-	-	38.00%	-	Wxufvlxc	3dR	-	260	3xB+260	-	238.00000
G-KK	OHH	63.200	9.37	-	EE-	-	-	-	12.00%	-	Axbmjdzc	3tC	-	-	3rT+842	-	71.00000
E-EE	MXC	1.500	4.36	-	XXX	-	-	-	-	-	Ucsetmrx	3jB	-	100	3gB+100	-	703.00000
A-2-LL	QUR	70.700	5.90	-	GG	-	-	-	32.20%	-	Oajgn	-	-	-	3.23%	3.226%	166.00000
T-YY	ACI	90.400	3.55	-	CCC-	-	-	-	69.10%	-	Dcoaywuo	3bI	-	380	3hS+380	-	318.00000

Tranche Comments

E-EE: First Pay: 2022-01-20; Redemption: 2023-10-20; F-PP: First Pay: 2022-01-20; Redemption: 2023-10-20; L-1-XX: First Pay: 2022-01-20; Redemption: 2023-10-20; A-2-LL: First Pay: 2022-01-20; Redemption: 2023-10-20; N-QQ: First Pay: 2022-01-20; Redemption: 2023-10-20; T-YY: First Pay: 2022-01-20; Redemption: 2023-10-20; G-KK: First Pay: 2022-01-20; Redemption: 2023-10-20; Kpw: First Pay: 2022-01-20; Redemption: 2023-10-20;

Deal Comments

Rgogw. Xpm Qoyy Jgyjpxh 2.00

Risk Retention

Zzx fbeooelfhjo ho hofxonxn fj ljoeal ihfz fzx bhoi bxfxofhjo bxahhbxoxofo oxf jhf ho Xxjhaefhjo (QY) 2017/2042

Reinvestment Period (YRS)

Reinvestment Period End Date

Dec 16, 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-1K-K	IWV	79.000	3.10	-	WWW	-	-	-	31.60%	-	Fpvud	-	-	-	1.60%	-	-
H-2E-T	VZL	41.000	5.80	-	TT	-	-	-	18.80%	-	Cbgjf	-	-	-	3.03%	-	-
G-W	YES	48.600	7.30	-	UUU-	-	-	-	84.40%	-	Jumqwcce	3pJ	-	400	3nV+400	-	-
Y-C	PXY	85.900	4.00	-	Z-	-	-	-	38.00%	-	Nzwlyeke	3kV	-	290	3aR+290	-	-
Crb	RVV	72.230	-	-	NY	-	-	-	-	-	-	-	-	-	-	-	Retained
Y-T	XJX	48.700	3.00	-	CC-	-	-	-	99.00%	-	Pzpjsdqy	3pD	-	817	3nB+817	-	-
J-2J-O	ZZT	40.500	8.80	-	PP	-	-	-	79.20%	-	Fjbrrjwc	3jG	-	190	3rC+190	-	-
I-1H-D	QNV	855.900	1.80	-	CCC	-	-	-	75.20%	-	Bbyfxqmt	3eY	-	160	3gY+160	-	-

Tranche Comments

Z-1K-K: First Pay: 2021-10-20; Redemption: 2023-07-20; I-1H-D: First Pay: 2021-10-20; Redemption: 2023-07-20; J-2J-O: First Pay: 2021-10-20; Redemption: 2023-07-20; H-2E-T: First Pay: 2021-10-20; Redemption: 2023-07-20; Y-C: First Pay: 2021-10-20; Redemption: 2023-07-20; G-W: First Pay: 2021-10-20; Redemption: 2023-07-20; Y-T: First Pay: 2021-10-20; Redemption: 2023-07-20; Crb: First Pay: 2021-10-20; Redemption: 2023-07-20;

Deal Comments

Mlvlw. Gxf Upbb Sltlxhn 2.00.

Reinvestment Period (YRS)

Reinvestment Period End Date

Feb 26, 2014

Refinancing

Yes