| Related Parties Fees and Expenses Incurred |
The following table summarizes the related parties fees and expenses incurred by the Company for the years ended December 31, 2025, 2024 and 2023.
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For the Years Ended December 31, |
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2025 |
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2024 |
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2023 |
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Affiliate Payments |
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Income-based incentive fees |
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$ |
8,305,705 |
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$ |
2,327,448 |
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|
$ |
1,511,253 |
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Management fee |
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|
5,452,521 |
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|
|
1,504,239 |
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|
|
1,013,764 |
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Capital gains incentive fees |
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|
41,586 |
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|
34,304 |
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|
|
87,583 |
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Total management and incentive fees |
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|
13,799,812 |
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|
|
3,865,991 |
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|
|
2,612,600 |
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General and administrative expenses |
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|
4,634,672 |
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|
|
700,000 |
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|
|
- |
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Waiver of general and administrative expenses |
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|
(658,477 |
) |
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- |
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- |
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Expense limitation agreement |
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(1,338,202 |
) |
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- |
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- |
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General and administrative expenses reimbursable to the
Adviser |
|
|
2,637,993 |
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|
|
700,000 |
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|
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- |
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Total affiliate payments |
|
$ |
16,437,805 |
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|
$ |
4,565,991 |
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|
$ |
2,612,600 |
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