Paul Johnson

“So it sounds like the watch list is relatively stable quarter over quarter, But, I mean, in terms of, like, the non-accrual marks this quarter, I think most of them were pretty much, pretty much most of them were marked lower quarter over quarter, you know, the lower, you know, 50% or so, we'll call it a fair value.”

“I'm just wondering maybe more broadly in terms of, you know, how you're looking at credit. I think it seems fairly obvious things are performing quite well, and do you have a non-approval coming off here next quarter?”

“Just a little bit more on Ken's question in terms of like the internal watch list and the bottom 10% of the portfolio. I mean, you know, at this point in the cycle, you know, lots kind of developed here this year in terms of credit risk and spreads, et cetera.”

“I'm just curious, you know, like given everything that's occurred this year, like how has the dynamics, the competitive dynamics, you know, within the direct lending market, particularly kind of in the upper middle market area, how has that changed? this year, I guess, if at all?”

“I'm just assuming, I mean, with the more moderating level of prepayment sort of activity that you've guided to next quarter, you know, but still it seems like a relatively robust investment environment that we probably should still expect to see some moderation in the level of prepayment income next quarter, or is…”