RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2022

RELATED PARTY TRANSACTIONS

Schedule of management fee expenses

The following table details our management fee expenses for the three and nine months ended September 30, 2022 and 2021:

		Three months ended September 30,				Nine months ended September 30,
Management Fee ($ in thousands)		2022		2021		2022		2021
Base management fee	$	3,881	$	3,508	$	11,741	$	10,209
Base management fee waived		—		—		—		—
Total management fees	$	3,881	$	3,508	$	11,741	$	10,209

Schedule of performance-based incentive fees

The following table provides a breakdown of the performance-based incentive fees for the three and nine months ended September 30, 2022 and 2021:

		Three months ended September 30,				Nine months ended September 30,
Performance-based Incentive Fee ($ in thousands)		2022		2021		2022		2021
Income incentive fee	$	2,159	$	1,942	$	6,094	$	5,616
Capital gains incentive fee		(1,132)		127		(1,803)		1,123
Performance-based incentive fees waived		—		—		—		—
Total performance-based incentive fees	$	1,027	$	2,069	$	4,291	$	6,739