RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Sep. 30, 2024

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,
	2024			2023			2022
Average total assets subject to base management fee(A)	$	777,657		$	685,600		$	585,543
Multiplied by annual base management fee of 1.75%	1.75		%	1.75		%	1.75		%
Base management fee(B)	13,609			11,998			10,247
Portfolio company fee credit	(2,866)			(3,263)			(4,196)
Syndicated loan fee credit	(101)			(126)			(170)
Net Base Management Fee	$	10,642		$	8,609		$	5,881

Loan servicing fee(B)	$	8,862		$	8,053		$	6,329
Credit to base management fee - loan servicing fee(B)	(8,862)			(8,053)			(6,329)
Net Loan Servicing Fee	$	—		$	—		$	—

Incentive fee (B)	$	11,410		$	10,255		$	7,511
Incentive fee credit	(204)			—			(437)
Net Incentive Fee	$	11,206		$	10,255		$	7,074

Portfolio company fee credit	$	(2,866)		$	(3,263)		$	(4,196)
Syndicated loan fee credit	(101)			(126)			(170)
Incentive fee credit	(204)			—			(437)
Credit to Fees from Adviser—Other(B)	$	(3,171)		$	(3,389)		$	(4,803)

(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, 2024		September 30, 2023
Base management fee due to (from) Adviser	$	809	$	670
Loan servicing fee due to Adviser	509		455
Incentive fee due to (from) Adviser	2,571		2,747
Total fees due to (from) Adviser	3,889		3,872

Fee due to Administrator	569		479
Total Related Party Fees Due	$	4,458	$	4,351