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Agreements and Related Party Transactions (Tables)

3 Months Ended

Sep. 30, 2024

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser for the three months ended September 30, 2024 and 2023:


	For the three months ended September 30,
	2024		2023
Base management fees	$	840,459	$	978,919
Waiver of base management fees		(69,578)		(86,630)
Income-based incentive fees		501,540		—
Waiver of income-based incentive fees		—		—
Capital gains fee		—		—
Allocation of administrative costs from Adviser		185,906		263,375
Total net expense to affiliates	$	1,458,327	$	1,155,664

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser as of September 30, 2024 and June 30, 2024:


	As of September 30,		As of June 30,
	2024		2024
Due from affiliate	$	—	$	—
Total amount due from affiliate	$	—	$	—

Base management fees payable	$	770,841	$	816,777
Income-based incentive fees payable		630,415		128,876
Capital gains fee payable		—		—
Allocation of administrative costs from Adviser payable(1)		238,780		52,874
Total amount due to affiliates	$	1,640,036	$	998,527

(1)

Balances are reported within Accrued Expenses and Other Liabilities on the Consolidated Statements of Assets and Liabilities.