RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Dec. 31, 2024

The following table summarizes the base management fee, incentive fee, and loan servicing fee and associated non-contractual, unconditional and irrevocable credits reflected in our accompanying Consolidated Statements of Operations:


	Three Months Ended December 31,
	2024			2023
Average total assets subject to base management fee(A)	$	811,886		$	741,714
Multiplied by prorated annual base management fee of 1.75%	0.4375		%	0.4375		%
Base management fee(B)	$	3,552		$	3,245
Portfolio company fee credit	(2,096)			(1,551)
Syndicated loan fee credit	(10)			(31)
Net Base Management Fee	$	1,446		$	1,663
Loan servicing fee(B)	2,178			2,128
Credit to base management fee - loan servicing fee(B)	(2,178)			(2,128)
Net Loan Servicing Fee	$	—		$	—
Incentive fee(B)	2,704			2,984
Incentive fee credit	(239)			—
Net Incentive Fee	$	2,465		$	2,984
Portfolio company fee credit	(2,096)			(1,551)
Syndicated loan fee credit	(10)			(31)
Incentive fee credit	(239)			—
Credits to Fees From Adviser - other(B)	$	(2,345)		$	(1,582)

(A)Average total assets subject to the base management fee is defined in the Advisory Agreement as total assets, including investments made with proceeds of borrowings, less any uninvested cash or cash equivalents resulting from borrowings, valued at the end of the two most recently completed quarters within the respective years and adjusted appropriately for any share issuances or repurchases during the period.

(B)Reflected as a line item on our accompanying Consolidated Statements of Operations.

Amounts due to related parties on our accompanying Consolidated Statements of Assets and Liabilities were as follows:


	December 31, 2024		September 30, 2024
Base management fee due to (from) Adviser	$	(732)	$	809
Loan servicing fee due to Adviser	503		509
Incentive fee due to Adviser	2,465		2,571
Total fees due to Adviser	2,236		3,889
Fee due to Administrator	679		569
Total Related Party Fees Due	$	2,915	$	4,458