Transactions with Related Parties (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Composition of the Company's Incentive Fees

The composition of the Company’s incentive fees for the three months ended March 31, 2026 and 2025 was as follows:


	Three months ended March 31,
	2026		2025
Part one incentive fees (1)	$	9,613	$	7,089
Part two incentive fees (2)	—		(803)
Total incentive fees	$	9,613	$	6,286

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(1)Based on pre-incentive fee net investment income.

(2)Based upon net realized and unrealized gains and losses, or capital gains and losses. The Company accrues, but does not pay, a capital gains incentive fee in connection with any unrealized capital appreciation, as appropriate. If, on a cumulative basis, the sum of net realized gain (loss) plus net unrealized gain (loss) decreases during a period, the Company will reverse any excess capital gains incentive fee previously accrued such that the amount of capital gains incentive fee accrued is no more than 12.5% of the sum of net realized gain (loss) plus net unrealized gain (loss).