RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Mar. 31, 2023

The following table summarizes the base management fee, incentive fee, and loan servicing fee and associated non-contractual, unconditional and irrevocable credits reflected in our accompanying Consolidated Statements of Operations:


	Three Months Ended March 31,						Six Months Ended March 31,
	2023			2022			2023			2022
Average total assets subject to base management fee(A)	$	662,400		$	566,629		$	654,514		$	571,314
Multiplied by prorated annual base management fee of 1.75%	0.4375		%	0.4375		%	0.8750		%	0.8750		%
Base management fee(B)	$	2,898		$	2,479		$	5,727		$	4,999
Portfolio company fee credit	(689)			(59)			(1,093)			(1,928)
Syndicated loan fee credit	(31)			(43)			(63)			(101)
Net Base Management Fee	$	2,178		$	2,377		$	4,571		$	2,970
Loan servicing fee(B)	1,923			1,520			3,797			2,982
Credit to base management fee - loan servicing fee(B)	(1,923)			(1,520)			(3,797)			(2,982)
Net Loan Servicing Fee	$	—		$	—		$	—		$	—
Incentive fee(B)	2,408			1,971			4,589			4,062
Incentive fee credit	—			—			—			—
Net Incentive Fee	$	2,408		$	1,971		$	4,589		$	4,062
Portfolio company fee credit	(689)			(59)			(1,093)			(1,928)
Syndicated loan fee credit	(31)			(43)			(63)			(101)
Incentive fee credit	—			—			—			—
Credits to Fees From Adviser - other(B)	$	(720)		$	(102)		$	(1,156)		$	(2,029)

(A)Average total assets subject to the base management fee is defined in the Advisory Agreement as total assets, including investments made with proceeds of borrowings, less any uninvested cash or cash equivalents resulting from borrowings, valued at the end of the two most recently completed quarters within the respective years and adjusted appropriately for any share issuances or repurchases during the period.

(B)Reflected as a line item on our accompanying Consolidated Statements of Operations.

Amounts due to related parties on our accompanying Consolidated Statements of Assets and Liabilities were as follows:


	March 31, 2023		September 30, 2022
Base management fee due to Adviser	$	255	$	(189)
Loan servicing fee due to Adviser	494		423
Incentive fee due to Adviser	2,408		1,870
Total fees due to Adviser	3,157		2,104
Fee due to Administrator	605		423
Total Related Party Fees Due	$	3,762	$	2,527