<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0609</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2026-07-28</periodOfReport>

    <issuer>
        <issuerCik>0001965934</issuerCik>
        <issuerName>Overland Advantage</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001362558</rptOwnerCik>
            <rptOwnerName>Abu Dhabi Investment Authority</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>true</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>211 CORNICHE STREET</rptOwnerStreet1>
            <rptOwnerStreet2>PO BOX 3600</rptOwnerStreet2>
            <rptOwnerCity>ABU DHABI</rptOwnerCity>
            <rptOwnerNonUSStateTerritory></rptOwnerNonUSStateTerritory>
            <rptOwnerCountry>C0</rptOwnerCountry>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED ARAB EMIRATES</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001790748</rptOwnerCik>
            <rptOwnerName>Platinum International Investment Holding RSC Ltd</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>true</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>26TH FLOOR, AL KHATEM TOWER, ADGM SQUARE</rptOwnerStreet1>
            <rptOwnerStreet2>PO BOX 25642</rptOwnerStreet2>
            <rptOwnerCity>AL MARYAH ISLAND</rptOwnerCity>
            <rptOwnerNonUSStateTerritory>ABU DHABI NA</rptOwnerNonUSStateTerritory>
            <rptOwnerCountry>C0</rptOwnerCountry>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED ARAB EMIRATES</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001790749</rptOwnerCik>
            <rptOwnerName>Platinum Falcon B 2018 RSC Ltd</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>true</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>26TH FLOOR, AL KHATEM TOWER, ADGM SQUARE</rptOwnerStreet1>
            <rptOwnerStreet2>PO BOX 25642</rptOwnerStreet2>
            <rptOwnerCity>AL MARYAH ISLAND</rptOwnerCity>
            <rptOwnerNonUSStateTerritory>ABU DHABI NA</rptOwnerNonUSStateTerritory>
            <rptOwnerCountry>C0</rptOwnerCountry>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED ARAB EMIRATES</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares of Beneficial Interest</value>
            </securityTitle>
            <transactionDate>
                <value>2026-07-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>932916.765</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>24.585</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>17750646.431</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The Common Shares of Beneficial Interest, par value $0.001 per share (&quot;Common Shares&quot;) of Overland Advantage (the &quot;Issuer&quot;) reported herein are held directly by and beneficially owned by Platinum Falcon B 2018 RSC Limited (&quot;Platinum Falcon&quot;).  Platinum International Investment Holdings RSC Limited (&quot;Platinum Holdings&quot;) is the sole owner of Platinum Falcon, and Abu Dhabi Investment Authority (&quot;ADIA&quot; and, together with Platinum Falcon and Platinum Holdings, the &quot;Reporting Persons&quot;) is the sole owner of Platinum Holdings. Therefore, Platinum Holdings and ADIA may also be deemed to beneficially own the Common Shares reported herein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>ABU DHABI INVESTMENT AUTHORITY, Name: /s/ Hamad Shahwan AlDhaheri, Title: Authorized Signatory, Name: /s/ Saif Surour AlMashghouni, Title: Authorized Signatory</signatureName>
        <signatureDate>2026-07-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>PLATINUM INTERNATIONAL INVESTMENT HOLDINGS RSC LIMITED,
Name: /s/ Ahmed Salem Abdulla AlNeyadi, Title: Authorized Signatory, Name: /s/ Mubarak Awad Qanazel AlAmeri, Title: Authorized Signatory</signatureName>
        <signatureDate>2026-07-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>PLATINUM FALCON B 2018 RSC LIMITED, Name: /s/ Ahmed Salem Abdulla AlNeyadi, Title: Authorized Signatory, Name: /s/ Mubarak Awad Qanazel AlAmeri, Title: Authorized Signatory</signatureName>
        <signatureDate>2026-07-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
