Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2022

Summary of the Fees and Expenses Accrued

The following table describes the fees and expenses accrued under the investment advisory agreement, the prior investment advisory agreement, and the administration agreement, as applicable, during the years ended December 31, 2022, 2021 and 2020:


			Year Ended December 31,
Related Party	Source Agreement	Description	2022		2021		2020
The Advisor	Investment advisory agreement and prior investment advisory agreement	Base Management Fee(1)	$	245	$	173	$	106

The Advisor	Investment advisory agreement and prior investment advisory agreement	Subordinated Incentive Fee on Income(2)	$	99	$	47	$	—
The Advisor	Administration agreement	Administrative Services Expenses(3)	$	15	$	12	$	7

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(1)During the years ended December 31, 2022, 2021 and 2020, $246, $162, and $111, respectively, in base management fees were paid to the Advisor. As of December 31, 2022, $59 in base management fees were payable to the Advisor.

(2)The Advisor agreed, effective July 1, 2021, to waive up to $15 per quarter of the subordinated incentive fee on income to which it is entitled to under the investment advisory agreement. During the years ended December 31, 2022 and 2021, the amount shown is net of waivers of $60 and $30, respectively. During the years ended December 31, 2022, 2021 and 2020, $91, $49 and $0, respectively, of subordinated incentive fees on income were paid to the Advisor. As of December 31, 2022, $27 in subordinated incentive fees on income were payable to the Advisor.

(3)During the years ended December 31, 2022, 2021 and 2020, $13, $10 and $6, respectively, of administrative services expenses related to the allocation of costs of administrative personnel for services rendered to the Company by the Advisor and the remainder related to other reimbursable expenses, including reimbursement of fees related to transactional expenses for prospective investments, such as fees and expenses associated with performing due diligence reviews of investments that do not close, often referred to as "broken deal" costs. Broken deal costs were $1.3 for the year ended December 31, 2022. The Company paid $14, $11 and $8, respectively, in administrative services expenses to the Advisor during the years ended December 31, 2022, 2021 and 2020.