Agreements and Related Parties (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Management Fees and Incentive Fees

The following table summarizes the management fees and incentive fees incurred by the Company for the three months ended March 31, 2025 and March 31, 2024.


	Successor		Predecessor
	Three Months Ended		Three Months Ended
	March 31, 2025		March 31, 2024
Management fee	$	3,017	$	3,145
Less: management fee waiver	(21)		—
Net management fee	$	2,996	$	3,145
Incentive fee, excluding accrued incentive fees on capital gains	$	3,018	$	5,730

The following table presents a summary of Expense Payments and the related Reimbursement Payments since the Company's commencement of operations:


For Three Months Ended	Expense Payments by Adviser		Reimbursement Payments to Adviser		Unreimbursed Expense Payments
December 31, 2024 (1)	$	2,064	$	—	$	2,064
March 31, 2025	181		—		181
Total	$	2,245	$	—	$	2,245

(1)The period ended December 31, 2024, represents the period from December 17, 2024 (commencement of the Company's operations) to December 31, 2024.