RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Sep. 30, 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:


	Year Ended September 30,
	2023			2022			2021
Average total assets subject to base management fee(A)	$	685,600		$	585,543		$	495,657
Multiplied by annual base management fee of 1.75%	1.75		%	1.75		%	1.75		%
Base management fee(B)	11,998			10,247			8,674
Portfolio company fee credit	(3,263)			(4,196)			(2,195)
Syndicated loan fee credit	(126)			(170)			(307)
Net Base Management Fee	$	8,609		$	5,881		$	6,172

Loan servicing fee(B)	$	8,053		$	6,329		$	5,579
Credit to base management fee - loan servicing fee(B)	(8,053)			(6,329)			(5,579)
Net Loan Servicing Fee	$	—		$	—		$	—

Incentive fee (B)	$	10,255		$	7,511		$	5,746
Incentive fee credit	—			(437)			(451)
Net Incentive Fee	$	10,255		$	7,074		$	5,295

Portfolio company fee credit	$	(3,263)		$	(4,196)		$	(2,195)
Syndicated loan fee credit	(126)			(170)			(307)
Incentive fee credit	—			(437)			(451)
Credit to Fees from Adviser—Other(B)	$	(3,389)		$	(4,803)		$	(2,953)

(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:


	September 30, 2023		September 30, 2022
Base management fee due to (from) Adviser	$	670	$	(189)
Loan servicing fee due to Adviser	455		423
Incentive fee due to (from) Adviser	2,747		1,870
Total fees due to (from) Adviser	3,872		2,104

Fee due to Administrator	479		423
Total Related Party Fees Due	$	4,351	$	2,527