Related Party

Source Agreement & Description

For the Year Ended December 31, 2025

For the Year Ended December 31, 2024

For the Year Ended December 31, 2023

Consolidated statement of operations:

Adviser

Advisory Agreement - management fees

$

40,220

$

25,213

$

11,535

Adviser

Advisory Agreement - income based incentive fee

47,218

33,244

16,950

Adviser

Advisory Agreement - board of directors' fees

310

277

310

Adviser

Advisory Agreement - capital gains incentive fee

(972

)

5,359

—

Administrator

Administration Agreement - administration expense

3,700

3,850

1,862