| Schedule of Company's Affiliated Investments |
The table below presents the Company’s affiliated investments:
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Beginning
Fair Value
Balance |
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Gross
Additions(1) |
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Gross
Reductions(2) |
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Net Realized
Gain/Loss |
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Net Change in
Unrealized
Appreciation
(Depreciation) |
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Ending
Fair Value
Balance |
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Interest, PIK and
Other Income |
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For the nine months ended September 30, 2026 |
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Non-controlled affiliates |
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CO Acquisition Vehicle LLC |
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$ |
- |
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$ |
17,022,084 |
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$ |
(17,022,084 |
) |
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$ |
- |
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$ |
- |
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$ |
- |
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$ |
1,803,156 |
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Total non-controlled affiliates |
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$ |
- |
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$ |
17,022,084 |
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$ |
(17,022,084 |
) |
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$ |
- |
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$ |
- |
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$ |
- |
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$ |
1,803,156 |
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(1) Gross additions may include increases in the cost basis of investments resulting from new portfolio investments, PIK, the accretion of discounts, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category.
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| Related Parties Fees and Expenses Incurred |
The following table summarizes the related parties fees and expenses incurred by the Company for the three and nine months ended September 30, 2026 and 2025.
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For the Three Months Ended |
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For the Nine Months Ended |
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September 30, 2026 |
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September 30, 2025 |
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September 30, 2026 |
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September 30, 2025 |
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Affiliate Payments |
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Income-based incentive fees |
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$ |
2,085,445 |
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$ |
2,347,473 |
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$ |
6,463,637 |
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$ |
6,232,387 |
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Management fee |
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1,655,835 |
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1,399,845 |
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4,740,216 |
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4,006,051 |
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Capital gains incentive fees |
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- |
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(131,412 |
) |
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(163,473 |
) |
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45,707 |
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Total management and incentive fees earned |
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3,741,280 |
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3,615,906 |
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11,040,380 |
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10,284,145 |
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General and administrative expenses |
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1,476,603 |
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1,082,419 |
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3,832,139 |
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3,423,679 |
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Expense limitation agreement |
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- |
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(230,419 |
) |
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- |
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(1,338,202 |
) |
General and administrative expenses waiver |
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- |
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- |
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- |
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(658,477 |
) |
General and administrative expenses reimbursable to the Adviser |
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1,476,603 |
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852,000 |
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3,832,139 |
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1,427,000 |
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Total affiliate payments |
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$ |
5,217,883 |
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$ |
4,467,906 |
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$ |
14,872,519 |
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$ |
11,711,145 |
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