0001930054 2025-01-01 2025-12-31 0001930054 2025-12-31 0001930054 2024-12-31 0001930054 2024-01-01 2024-12-31 0001930054 2023-01-01 2023-12-31 0001930054 2023-11-03 2023-11-03 0001930054 2022-12-31 0001930054 2023-12-31 0001930054 bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 us-gaap:CapitalUnitClassBMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 us-gaap:CapitalUnitClassAMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 bxpe:ClassSUnitsMember 2025-12-31 0001930054 bxpe:ClassDUnitsMember 2025-12-31 0001930054 bxpe:ClassIUnitsMember 2025-12-31 0001930054 bxpe:ClassNUnitsMember 2025-12-31 0001930054 bxpe:ClassDUnitsMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 bxpe:ClassIUnitsMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 bxpe:ClassSUnitsMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 bxpe:AggregatorCreditAgreementMember us-gaap:LineOfCreditMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 us-gaap:InvestmentAffiliatedIssuerMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 Blackstone Private Equity Strategies Fund L.P. (94,916,352 Units) bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 Total Investments (Cost $2,698,129) bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. (298,902,089 Units) 2025-12-31 0001930054 Total Investments (Cost $8,419,665) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Cash and Cash Equivalents | Cash | Total Cash and Cash Equivalents (Cost: $293,250) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Derivative Instruments | Derivative Assets | Foreign Currency Forward Contract(s) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Derivative Instruments | Total Derivative Instruments (Cost: $473) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Total Investments, Investments in Affiliated Investee Funds, Cash and Cash Equivalents and Derivative Instruments (Cost: $10,443,825) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Cash and Cash Equivalents | Money Market Fund | Other Money Market Fund | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Consumer | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Financial Services | Other Investments in Equity | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Financial Services | Total Financial Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Financial Services | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Healthcare | Total Healthcare 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Industrials | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Healthcare | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Consumer | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Business Services | Other Investments in Equity | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Industrials | Total Industrials 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Energy | Total Energy 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Business Services | Total Business Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Healthcare | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Industrials | Air Control Concepts Holdings, L.P. (6,888,366 Shares) | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Industrials | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Business Services | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Business Services | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Consumer | Other Investments in Equity | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Consumer | Total Consumer 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Energy | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Energy | Other Investments in Equity | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Energy | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Financial Services | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Media & Entertainment | Other Investment(s) in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Energy | Total Energy 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Technology & Services | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Media & Entertainment | Other Investment(s) in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Technology & Services | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Software | Total Software 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Technology & Services | Total Technology & Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Consumer | Other Investments in Debt | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Energy | Other Investments in Debt | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Consumer | Total Consumer 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Media & Entertainment | Other Investment(s) in Equity | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Infrastructure | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Infrastructure | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Infrastructure | Total Infrastructure 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Media & Entertainment | Other Investment(s) in Equity | Total Media & Entertainment 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Software | Other Investments in Equity | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Software | Other Investments in Equity | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Technology & Services | Other Investments in Equity | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Equity Investments (Cost: Americas $5,410,867, EMEA $1,215,599, APAC $670,646) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Software | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Financial Services | Other Investments in Debt | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Financial Services | Total Financial Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Energy | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Energy | Total Energy 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Media & Entertainment | Other Investment(s) in Debt | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Media & Entertainment | Total Media & Entertainment 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Business Services | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Business Services | Total Business Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Consumer | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Consumer | Other Investments in Debt | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Consumer | Total Consumer 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Financial Services | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Investments (Cost: $9,256,345) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Software | Total Software 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Technology & Services | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Technology & Services | Other Investments in Debt | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Technology & Services | Total Technology & Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments - Liquids (Cost: Americas $1,128,361, EMEA $65,498, APAC $11,091) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments (Cost: Americas $1,492,636, EMEA $449,694, APAC $16,903) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Healthcare | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Infrastructure | Total Infrastructure 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Media & Entertainment | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Media & Entertainment | Other Investments in Debt | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Media & Entertainment | Total Media & Entertainment 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Software | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Industrials | Other Investments in Equity | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Industrials | Total Industrials 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Infrastructure | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Industrials | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Healthcare | Total Healthcare 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Healthcare | Other Investments in Debt | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Software | Total Software 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Technology & Services | Other Investments in Debt | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Technology & Services | Total Technology & Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments - Private | (Cost: Americas $364,275, EMEA $384,196, APAC $5,812 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Liquids | Industrials | Other Investments in Equity | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Software | Other Investments in Affiliated Investee Funds | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds |Total Infrastructure | Other Investments in Affiliated Investee Funds 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Secondaries | Other Investments in Affiliated Investee Funds | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Specialty Finance | Total Specialty Finance 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Technology & Services | Other Investments in Affiliated Investee Funds | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Specialty Finance | Other Investments in Affiliated Investee Funds | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Total Software | Other Investments in Affiliated Investee Funds 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Specialty Finance | Other Investment(s) in Affiliated Investee Funds | Various 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Secondaries | Total Secondaries 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds |Financial Services | Other Investment(s) in Affiliated Investee Funds | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Total Energy | Other Investments in Affiliated Investee Funds 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Energy | Other Investments in Affiliated Investee Funds | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds |Total Technology & Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Total Affiliated Investee Funds (Cost: Americas $622,267, EMEA $19,760, Various $251,730) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Various | Other Investments in Affiliated Investee Funds | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Various | Total Various 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Infrastructure | Other Investments in Affiliated Investee Funds | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds |Financial Services |Total Financial Services 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Derivative Instruments | Derivative Liabilities | Foreign Currency Forward Contracts 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Derivative Instruments | Derivative Liabilities | Total Derivative Liabilities (Cost: $-) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Cash and Cash Equivalents | Money Market Fund | Total Money Market Fund (Cost: Americas $145,513) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Cash and Cash Equivalents | Cash | Cash Held at Banks 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Cash and Cash Equivalents | Cash | Total Cash (Cost: $147,737) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Derivative Instruments | Derivative Assets | Commodity Future Contracts 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Derivative Instruments | Derivative Assets | Total Derivative Assets (Cost: $473) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Equity Investments | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Equity Investments | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Equity Investments | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments - Private | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments - Private | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments - Private | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments - Liquids | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments - Liquids | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments - Liquids | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments | APAC 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Total Affiliated Investee Funds | Various 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Total Affiliated Investee Funds | EMEA 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Total Affiliated Investee Funds | Americas 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Cash and Cash Equivalents | Money Market Fund | Total Money Market Fund (Cost: $201,155 Americas) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Total Investments, Investments in Affiliated Investee Funds, Cash and Cash Equivalents and Derivative Instruments (Cost: $8,923,019) 2025-12-31 0001930054 us-gaap:MoneyMarketFundsMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 us-gaap:FairValueInputsLevel1Member bxpe:BXPEUSAggregatorCYMLPMember 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(CYM) L.P. | Cash and Cash Equivalents | Cash | Total Cash (Cost: $198,353) 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Cash and Cash Equivalents | Cash | Total Cash and Cash Equivalents (Cost: $599,507) 2025-12-31 0001930054 bxpe:ClassDMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 bxpe:ClassDMember 2025-12-31 0001930054 bxpe:ClassSMember 2025-12-31 0001930054 currency:EUR us-gaap:ForeignExchangeContractMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 currency:GBP us-gaap:ForeignExchangeContractMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 us-gaap:CommodityContractMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 currency:JPY us-gaap:ForeignExchangeContractMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments | Industrials | Air Control Concepts Holdings, L.P. (11,112,526 shares) (c) | Americas 2025-12-31 0001930054 us-gaap:LineOfCreditMember 2025-12-31 0001930054 bxpe:BonavistaCreditFacilityMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 bxpe:AggregatorCreditAgreementMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 bxpe:ClassNMember 2025-12-31 0001930054 bxpe:IndividualEquityMethodInvestmentsMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 us-gaap:DomesticCountryMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 us-gaap:StateAndLocalJurisdictionMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 us-gaap:DomesticCountryMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 us-gaap:StateAndLocalJurisdictionMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2025-12-31 0001930054 bxpe:ClassIMember bxpe:BXPEUSAggregatorCYMLPMember 2025-12-31 0001930054 bxpe:ClassIMember 2025-12-31 0001930054 bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2024-12-31 0001930054 bxpe:BXPEUSAggregatorCYMLPMember 2024-12-31 0001930054 us-gaap:CapitalUnitClassAMember bxpe:BXPEUSAggregatorCYMLPMember 2024-12-31 0001930054 us-gaap:CapitalUnitClassBMember bxpe:BXPEUSAggregatorCYMLPMember 2024-12-31 0001930054 bxpe:ClassSUnitsMember 2024-12-31 0001930054 bxpe:ClassIUnitsMember 2024-12-31 0001930054 bxpe:ClassNUnitsMember 2024-12-31 0001930054 bxpe:ClassDUnitsMember 2024-12-31 0001930054 bxpe:ClassSUnitsMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2024-12-31 0001930054 bxpe:ClassDUnitsMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2024-12-31 0001930054 bxpe:ClassIUnitsMember bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2024-12-31 0001930054 us-gaap:InvestmentAffiliatedIssuerMember bxpe:BXPEUSAggregatorCYMLPMember 2024-12-31 0001930054 Total Investments (Cost $1,263,768) bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2024-12-31 0001930054 Blackstone Private Equity Strategies Fund L.P. (48,845,826 Units) bxpe:BlackstonePrivateEquityStrategiesFundTELPMember 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. 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(Outstanding Principal of $198,504) | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Investments (Cost: $4,913,264) 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Total Debt Investments (Cost: Americas $1,492,636, EMEA $449,694, APAC $16,903) 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Technology & Services | Total Technology & Services 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Total Software | Other Investments in Affiliated Investee Funds 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Software | Other Investments in Affiliated Investee Funds | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds |Financial Services |Total Financial Services 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds |Financial Services | Other Investment(s) in Affiliated Investee Funds | EMEA 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Total Energy | Other Investments in Affiliated Investee Funds 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Affiliated Investee Funds | Energy | Other Investments in Affiliated Investee Funds | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments - Private | Technology & Services | Other Investments in Debt | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Debt Investments | Technology & Services | Matrix Holdings DE L.P. (Outstanding Principal of $26,329) | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Business Services | Other Investments in Equity | EMEA 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Business Services | Total Business Services 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Energy | Other Investments in Equity | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Industrials | Total Industrials 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Infrastructure | Other Investments in Equity | APAC 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Infrastructure | Other Investments in Equity | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Infrastructure | Total Infrastructure 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Business Services | Other Investments in Equity | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Financial Services | Total Financial Services 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Healthcare | Other Investments in Equity | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Healthcare | Total Healthcare 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Industrials | Other Investments in Equity | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Consumer | Other Investments in Equity | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Consumer | Total Consumer 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Energy | Other Investments in Equity | EMEA 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Energy | Other Investments in Equity | APAC 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Energy | Total Energy 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Financial Services | Other Investments in Equity | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Financial Services | Other Investments in Equity | EMEA 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Software | Other Investments in Equity | EMEA 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Media & Entertainment | Other Investment(s) in Equity | Total Media & Entertainment 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Media & Entertainment | Other Investment(s) in Equity | APAC 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Technology & Services | Total Technology & Services 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Technology & Services | Other Investments in Equity | EMEA 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Equity Investments | Technology & Services | Other Investments in Equity | Americas 2024-12-31 0001930054 BXPE US Aggregator (CYM) L.P. | Investments | Portfolio Companies | Technology & Services | Matrix Holdings III DE L.P. 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Blackstone Private Equity Strategies Fund (TE) L.P. DE 88-1872156 DE 88-2930978 345 Park Avenue New York NY 10154 212 583-5000 No No No No Yes Yes Yes Yes Non-accelerated Filer false true Non-accelerated Filer false true false false false false false false false false 0 0 200427213 118749957 3761102 684206 43627295 59504004 322836 <div id="tx71061_5" style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Item 1C. Cybersecurity </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Cybersecurity Risk Management and Strategy </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE’s <div style="white-space: nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> operations are managed by Blackstone Private Equity Strategies Associates L.P. (the “General Partner”) subject to certain oversight rights held by the Board of Directors. The General Partner has delegated BXPE’s portfolio management function to Blackstone Private Investments Advisors L.L.C. (the “Investment Manager”). The General Partner and the Investment Manager are individually and collectively referred to as the “Sponsor.” The executive officers are senior Blackstone professionals and our General Partner and Investment Manager are both subsidiaries of Blackstone. As such, we are reliant on Blackstone for assessing, identifying and managing material risks to our business from cybersecurity threats. Below are details Blackstone has provided to us regarding its cybersecurity program that are relevant to us. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone maintains a comprehensive cybersecurity program, including policies and procedures designed to protect its systems, operations, and the data utilized and entrusted to it, including by BXPE, from anticipated threats or hazards. Blackstone utilizes a variety of protective measures as a part of its cybersecurity program. These measures include, where appropriate, physical and digital access controls, patch management, identity verification and mobile device management software, new hire and annual employee cybersecurity awareness and best practices training programs, security baselines and tools to report anomalous activity, and monitoring of data usage, hardware and software. </div></div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">Blackstone tests its cybersecurity defenses regularly through automated and manual vulnerability scanning, to identify and remediate critical vulnerabilities. In addition, it conducts annual “white hat” penetration tests to validate its security posture. Blackstone internally examines its cybersecurity program on an annual basis and conducts a third-party review every two to three years to evaluate its effectiveness, in part by considering industry </div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Calibri;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">standards and established frameworks, such as those established by the National Institute of Standards and Technology and Center for Internet Security, as guidelines. Further, Blackstone engages in annual cybersecurity incident tabletop exercises and scenario planning exercises involving hypothetical cybersecurity incidents to test its cybersecurity incident response processes. Blackstone’s Chief Security Officer (the “CSO”) and members of Blackstone’s senior management, Legal and Compliance, Technology and Innovations (“BXTI”) and Global Corporate Affairs participate in these exercises. Learnings from these tabletop exercises and any cybersecurity events Blackstone experiences are reviewed, discussed, and incorporated into its incident response processes, as appropriate.</div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In addition to Blackstone’s internal exercises to test aspects of its cybersecurity program, Blackstone periodically engages independent third parties to analyze data on the interactions of users of Blackstone information technology resources, including Blackstone employees, and conduct penetration tests and scanning exercises to assess the performance of Blackstone’s cybersecurity systems and processes. </div></div> <div style="margin-top: 10pt; margin-bottom: 0pt; text-indent: 3%; font-size: 10pt; font-family: Calibri;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Blackstone has a comprehensive Security Incident Response Plan (the “IRP”), designed to inform the proper escalation (including, as appropriate, to our senior management) of<div style="letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-routine</div><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div>suspected or confirmed information security or cybersecurity events based on the expected risk an event presents. As appropriate, a Security Incident Response Team composed of individuals from several internal technical and managerial functions may be formed to investigate and remediate the event and determine the extent of external advisor support required, including from external counsel, forensic investigators, and/or law enforcement. The IRP sets out ongoing monitoring or remediation actions to be taken after resolution of an incident. The IRP is reviewed at least annually by members of BXTI and Blackstone’s Legal and Compliance.</div></div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">Blackstone maintains a formal cybersecurity risk management process and cybersecurity risk register, designed to identify, track and treat cybersecurity risks at the firm, and <div style="letter-spacing: 0px; top: 0px;display:inline;">integrates</div> these processes into the firm’s overall risk management practices described above. Blackstone’s CSO periodically discusses and reviews cybersecurity risks and related mitigants with its enterprise risk committee and incorporates relevant cybersecurity risk updates and metrics in the semi-annual enterprise-wide risk management report. </div> <div style="margin-top: 10pt; margin-bottom: 0pt; text-indent: 3%; font-size: 10pt; font-family: Calibri;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">Blackstone has a process designed to assess the cybersecurity risks associated with the </div>engagement of third-party<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> vendors, including those of companies sponsored by Blackstone such as BXPE. This assessment is conducted on the basis of, among other factors, the types of services provided and the extent and type of Blackstone data accessed or processed by a third-party vendor. On the basis of its preliminary risk assessment of a third-party vendor, Blackstone may conduct further cybersecurity reviews or request remediation of, or contractual protections related to, any actual or potential identified cybersecurity risks. In addition, where appropriate, Blackstone seeks to include in its contractual arrangements with certain of its third-party vendors provisions addressing its requirements and industry best practices with respect to data and cybersecurity, as well as the right to assess, monitor, audit and test such vendors’ cybersecurity programs and practices. Blackstone also utilizes a number of digital controls, which are reviewed at least annually, to monitor and manage third-party access to its internal systems and data.</div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For a discussion of how risks from cybersecurity threats affect our business, and our reliance on Blackstone in managing these risks, see “— Item 1A. Risk Factors — Cyber Security and Operational Risk” in this report<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">.</div><div style="white-space: nowrap;display:inline;"></div> </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Cybersecurity Governance </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone has a dedicated cybersecurity team, led by Blackstone’s CSO, who works closely with Blackstone senior management, including Blackstone’s Chief Technology Officer (“CTO”), to develop and advance the firm’s cybersecurity program and strategy, which applies to BXPE. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CSO and CTO have extensive experience in cybersecurity and technology, respectively. Blackstone’s CSO is a Senior Managing Director in BXTI and is responsible for all aspects of cyber and physical security across Blackstone. He has over 25 years of information security, technology and engineering experience, including having previously led the international security organization at a large credit bureau. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"></div> </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CTO is a Senior Managing Director and the head of BXTI. Blackstone’s CTO has over 24 years of information security, technology and engineering experience, including having previously served as the Chief Technology and Chief Innovation Officer at a large financial institution. Blackstone’s CTO is responsible for all aspects of technology across Blackstone, advises Blackstone’s investment teams and acts as a resource to portfolio companies on technology-related matters. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXTI conducts periodic cybersecurity risk assessments, including assessments or audits of third-party vendors, and assists with the management and mitigation of identified cybersecurity risks. The CSO and CTO are responsible for the review of Blackstone’s cybersecurity framework annually as well as on an event-driven basis, as necessary. The CSO and CTO also review the scope of Blackstone’s cybersecurity measures periodically, including in the event of a change in business practices that may implicate the security or integrity of Blackstone’s information and systems. </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Boards of Directors and the Audit Committees are responsible for understanding the primary risks to our business. The Audit Committees are responsible for reviewing BXPE’s and the Sponsor’s IT security controls with management and evaluating the adequacy of BXPE’s and the Sponsor’s IT security program, compliance and controls with management. </div></div></div><div style="letter-spacing: 0px; top: 0px; background: none;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px; background: none; text-decoration: none;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CSO will report to the </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Boards of <div style="letter-spacing: 0px; top: 0px;display:inline;">Directors</div><div style="letter-spacing: 0px; top: 0px;display:inline;"> and/or Audit Committees</div><div style="display:inline;"></div> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">periodically on cybersecurity matters, including risks facing <div style="display:inline;">BXPE</div> and the Sponsor and, as applicable, certain incidents. In addition to such periodic reports, <div style="display:inline;">the</div> Boards of Directors and/or Audit Committees will receive periodic reports and/or updates from management on the primary cybersecurity risks facing BXPE and the Sponsor and the measures we and the Sponsor are taking to mitigate such risks. In addition to such reports, the Boards of Directors and/or Audit Committees will receive updates from management regarding changes to BXPE’s and the Sponsor’s cybersecurity risk profile or certain newly identified risks. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE’s <div style="white-space: nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> operations are managed by Blackstone Private Equity Strategies Associates L.P. (the “General Partner”) subject to certain oversight rights held by the Board of Directors. The General Partner has delegated BXPE’s portfolio management function to Blackstone Private Investments Advisors L.L.C. (the “Investment Manager”). The General Partner and the Investment Manager are individually and collectively referred to as the “Sponsor.” The executive officers are senior Blackstone professionals and our General Partner and Investment Manager are both subsidiaries of Blackstone. As such, we are reliant on Blackstone for assessing, identifying and managing material risks to our business from cybersecurity threats. Below are details Blackstone has provided to us regarding its cybersecurity program that are relevant to us. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone maintains a comprehensive cybersecurity program, including policies and procedures designed to protect its systems, operations, and the data utilized and entrusted to it, including by BXPE, from anticipated threats or hazards. Blackstone utilizes a variety of protective measures as a part of its cybersecurity program. These measures include, where appropriate, physical and digital access controls, patch management, identity verification and mobile device management software, new hire and annual employee cybersecurity awareness and best practices training programs, security baselines and tools to report anomalous activity, and monitoring of data usage, hardware and software. </div></div> true Blackstone maintains a formal cybersecurity risk management process and cybersecurity risk register, designed to identify, track and treat cybersecurity risks at the firm, and <div style="letter-spacing: 0px; top: 0px;display:inline;">integrates</div> these processes into the firm’s overall risk management practices described above. Blackstone’s CSO periodically discusses and reviews cybersecurity risks and related mitigants with its enterprise risk committee and incorporates relevant cybersecurity risk updates and metrics in the semi-annual enterprise-wide risk management report. true true For a discussion of how risks from cybersecurity threats affect our business, and our reliance on Blackstone in managing these risks, see “— Item 1A. Risk Factors — Cyber Security and Operational Risk” in this report<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">.</div> true <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone has a dedicated cybersecurity team, led by Blackstone’s CSO, who works closely with Blackstone senior management, including Blackstone’s Chief Technology Officer (“CTO”), to develop and advance the firm’s cybersecurity program and strategy, which applies to BXPE. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CSO and CTO have extensive experience in cybersecurity and technology, respectively. Blackstone’s CSO is a Senior Managing Director in BXTI and is responsible for all aspects of cyber and physical security across Blackstone. He has over 25 years of information security, technology and engineering experience, including having previously led the international security organization at a large credit bureau. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"></div> </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CTO is a Senior Managing Director and the head of BXTI. Blackstone’s CTO has over 24 years of information security, technology and engineering experience, including having previously served as the Chief Technology and Chief Innovation Officer at a large financial institution. Blackstone’s CTO is responsible for all aspects of technology across Blackstone, advises Blackstone’s investment teams and acts as a resource to portfolio companies on technology-related matters. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXTI conducts periodic cybersecurity risk assessments, including assessments or audits of third-party vendors, and assists with the management and mitigation of identified cybersecurity risks. The CSO and CTO are responsible for the review of Blackstone’s cybersecurity framework annually as well as on an event-driven basis, as necessary. The CSO and CTO also review the scope of Blackstone’s cybersecurity measures periodically, including in the event of a change in business practices that may implicate the security or integrity of Blackstone’s information and systems. </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Boards of Directors and the Audit Committees are responsible for understanding the primary risks to our business. The Audit Committees are responsible for reviewing BXPE’s and the Sponsor’s IT security controls with management and evaluating the adequacy of BXPE’s and the Sponsor’s IT security program, compliance and controls with management. </div></div></div><div style="letter-spacing: 0px; top: 0px; background: none;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px; background: none; text-decoration: none;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CSO will report to the </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Boards of <div style="letter-spacing: 0px; top: 0px;display:inline;">Directors</div><div style="letter-spacing: 0px; top: 0px;display:inline;"> and/or Audit Committees</div><div style="display:inline;"></div> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">periodically on cybersecurity matters, including risks facing <div style="display:inline;">BXPE</div> and the Sponsor and, as applicable, certain incidents. In addition to such periodic reports, <div style="display:inline;">the</div> Boards of Directors and/or Audit Committees will receive periodic reports and/or updates from management on the primary cybersecurity risks facing BXPE and the Sponsor and the measures we and the Sponsor are taking to mitigate such risks. In addition to such reports, the Boards of Directors and/or Audit Committees will receive updates from management regarding changes to BXPE’s and the Sponsor’s cybersecurity risk profile or certain newly identified risks. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CSO and CTO have extensive experience in cybersecurity and technology, respectively. Blackstone’s CSO is a Senior Managing Director in BXTI and is responsible for all aspects of cyber and physical security across Blackstone. He has over 25 years of information security, technology and engineering experience, including having previously led the international security organization at a large credit bureau. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"></div> </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CTO is a Senior Managing Director and the head of BXTI. Blackstone’s CTO has over 24 years of information security, technology and engineering experience, including having previously served as the Chief Technology and Chief Innovation Officer at a large financial institution. Blackstone’s CTO is responsible for all aspects of technology across Blackstone, advises Blackstone’s investment teams and acts as a resource to portfolio companies on technology-related matters. </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Boards of Directors and the Audit Committees are responsible for understanding the primary risks to our business. The Audit Committees are responsible for reviewing BXPE’s and the Sponsor’s IT security controls with management and evaluating the adequacy of BXPE’s and the Sponsor’s IT security program, compliance and controls with management. </div></div></div><div style="letter-spacing: 0px; top: 0px; background: none;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px; background: none; text-decoration: none;display:inline;"> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CSO will report to the </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Boards of <div style="letter-spacing: 0px; top: 0px;display:inline;">Directors</div><div style="letter-spacing: 0px; top: 0px;display:inline;"> and/or Audit Committees</div><div style="display:inline;"></div> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">periodically on cybersecurity matters, including risks facing <div style="display:inline;">BXPE</div> and the Sponsor and, as applicable, certain incidents. In addition to such periodic reports, <div style="display:inline;">the</div> Boards of Directors and/or Audit Committees will receive periodic reports and/or updates from management on the primary cybersecurity risks facing BXPE and the Sponsor and the measures we and the Sponsor are taking to mitigate such risks. In addition to such reports, the Boards of Directors and/or Audit Committees will receive updates from management regarding changes to BXPE’s and the Sponsor’s cybersecurity risk profile or certain newly identified risks. </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone’s CSO will report to the </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Boards of <div style="letter-spacing: 0px; top: 0px;display:inline;">Directors</div><div style="letter-spacing: 0px; top: 0px;display:inline;"> and/or Audit Committees</div><div style="display:inline;"></div> </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">periodically on cybersecurity matters, including risks facing <div style="display:inline;">BXPE</div> and the Sponsor and, as applicable, certain incidents. In addition to such periodic reports, <div style="display:inline;">the</div> Boards of Directors and/or Audit Committees will receive periodic reports and/or updates from management on the primary cybersecurity risks facing BXPE and the Sponsor and the measures we and the Sponsor are taking to mitigate such risks. In addition to such reports, the Boards of Directors and/or Audit Committees will receive updates from management regarding changes to BXPE’s and the Sponsor’s cybersecurity risk profile or certain newly identified risks. </div></div></div> true true 34 DELOITTE & TOUCHE LLP New York 2698129000 1263768000 3200757000 1385158000 304000 1130000 1769000 172000 836000 0 3203666000 1386460000 806000 258000 94441000 50776000 3670000 1436000 1667000 162000 8433000 2278000 0 150000 109017000 55060000 unlimited unlimited 40775466 40775466 17847128 17847128 1362698000 503628000 unlimited unlimited 55364727 55364727 31356066 31356066 1725343000 827177000 unlimited unlimited 225120 225120 24000 24000 6608000 595000 3094649000 1331400000 3203666000 1386460000 1438000 428000 0 25000 1438000 453000 -1438000 -453000 10128000 3803000 -11566000 -4256000 381238000 121390000 369672000 117134000 0 0 0 0 458672000 810200000 600000 1269472000 -1538000 -2719000 1000 -4256000 43858000 77525000 7000 121390000 0 -54957000 -13000 -54970000 2758000 -2758000 0 0 -122000 -114000 0 -236000 503628000 827177000 595000 1331400000 503628000 827177000 595000 1331400000 700645000 748504000 5585000 1454734000 -4577000 -6973000 -16000 -11566000 151408000 229271000 559000 381238000 0 -53267000 -115000 -53382000 13099000 -13099000 0 0 -1505000 -6270000 0 -7775000 1362698000 1725343000 6608000 3094649000 369672000 117134000 381238000 121390000 -1442286000 -1263968000 6328000 66000 836000 0 548000 258000 2183000 1428000 6155000 2278000 -150000 150000 -1439624000 -1264044000 1454734000 1269434000 9717000 4194000 -5985000 -63000 234000 3000 1438798000 1265174000 -826000 1130000 1130000 0 304000 1130000 4926000 1375000 53382000 54970000 1667000 162000 60000 8000 -94916352 3200757000 1.034 -2698129000 3200757000 1.034 -48845826 1385158000 1.04 -1263768000 1385158000 1.04 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1. Organization </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Blackstone Private Equity Strategies Fund (TE) L.P. is a Delaware limited partnership formed on May 25, 2022, and is a private fund exempt from registration under Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “1940 Act”), which together with its consolidated subsidiary, forms the “Feeder.” The Feeder is structured as a perpetual-life strategy, with monthly, fully funded subscriptions and periodic redemptions. The Feeder is conducting a continuous private offering of its limited partnership units (“Units”) in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to investors that are both (a) accredited investors (as defined in Regulation D under the Securities Act) and (b) qualified purchasers (as defined in the 1940 Act and rules thereunder). </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Feeder invests all or substantially all of its assets through its investment in Blackstone Private Equity Strategies Fund L.P. (“BXPE U.S.”). BXPE U.S. invests all or substantially all of its assets through its investment in BXPE US Aggregator (CYM) L.P. (together with its consolidated subsidiaries, the “Aggregator”). The Feeder has the same investment objectives as BXPE U.S. The Feeder was established to allow certain investors with particular tax characteristics, such as <div style="white-space: nowrap;display:inline;">tax-exempt</div> investors and certain <div style="white-space: nowrap;display:inline;">non-U.S.</div> investors, to participate in BXPE U.S. in a more <div style="white-space: nowrap;display:inline;">tax-efficient</div> manner. The financial statements of BXPE U.S. and the consolidated financial statements of the Aggregator are an integral part of the Feeder’s consolidated financial statements, which are included following these consolidated financial statements.</div></div> <div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The term “Parallel Fund” refers to one or more parallel vehicles established by, or at the direction of, the Sponsor (as defined below) to invest alongside BXPE U.S., but excluding Blackstone Private Equity Strategies Fund SICAV (“BXPE Lux”). Parallel Funds may be established for certain investors with particular legal, tax, regulatory, compliance, structuring or certain other operational requirements to participate in the Aggregator. Parallel Funds may not have investment objectives and/or strategies that are identical to the investment objectives and strategies of BXPE U.S. or the Feeder. BXPE U.S., the Feeder, the Aggregator and any Parallel Funds collectively form “BXPE.” BXPE and BXPE Lux collectively form the “BXPE Fund Program,” but are operated as distinct investment structures.</div></div><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE’s investment objectives are to deliver medium- to long-term capital appreciation and, to a lesser extent, generate modest current income. BXPE seeks to meet its investment objectives by investing primarily in privately negotiated, equity-oriented investments, leveraging the talent and investment capabilities of Blackstone Inc.’s (“Blackstone”) private equity platform to create an attractive portfolio of alternative investments diversified across geographies and sectors.</div></div><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Investment operations commenced on January 2, 2024 (the “Initial Closing Date”) when the Feeder and BXPE U.S. first sold unregistered limited partnership units to third-party investors and began investment operations.</div></div><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Blackstone Private Equity Strategies Associates L.P., a Delaware limited partnership, is the general partner (the “General Partner”) of the Feeder, BXPE U.S. and the Aggregator. Overall responsibility for oversight of the Feeder, BXPE U.S. and the entities that carry out their investment objectives rests with the General Partner, subject to certain oversight rights held by each of the Feeder’s board of directors (the “Feeder Board of Directors” or “Feeder Board” and BXPE U.S.’s board of directors (the “BXPE U.S. Board of Directors” or “BXPE U.S. Board,” and together with the Feeder Board, the “Boards of Directors” or “Boards”), as applicable. The General Partner has delegated BXPE U.S.’s portfolio management function to Blackstone Private Investments Advisors L.L.C. (the “Investment Manager”). The Investment Manager has discretion to make investments on behalf of BXPE U.S. and is responsible for initiating, structuring and negotiating BXPE’s investments. In addition, the Investment Manager actively manages and monitors each investment to seek to maximize the value of each investment. The Investment Manager and its affiliates also provide certain administrative services to BXPE. The Investment Manager is a Delaware limited liability company and is registered with the United States Securities and Exchange Commission</div></div><div style="display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(the “SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended. The General Partner and the Investment Manager are individually and collectively referred to as the “Sponsor.” Both the General Partner and Investment Manager are subsidiaries of Blackstone. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2. Summary of Significant Accounting Policies </div></div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Basis of Presentation </div></div></div></div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The accompanying consolidated financial statements of the Feeder have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Feeder is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, <div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Financial Services—Investment Companies</div></div>, (“ASC 946”). Accordingly, the Feeder reflects its investment on the Consolidated Statements of Assets and Liabilities at its fair value with unrealized gains and losses resulting from changes in fair value reflected in Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S. on the Consolidated Statements of Operations. Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the consolidated financial statements are presented fairly. </div> <div style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri;font-weight:bold">Use of Estimates </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements. Management believes that estimates made in preparing its consolidated financial statements are reasonable. Such estimates include those used in the valuation of the investment in BXPE U.S., including the valuation of BXPE U.S.’s investment in the Aggregator and the Aggregator’s investments and financial instruments and the measurement of deferred tax balances (including valuation allowances, if any), at the Feeder and the Aggregator. Actual results may ultimately differ from those estimates<div style="display:inline;"><div style="font-weight:bolder;display:inline;">.</div></div> </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Principles of Consolidation </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As provided under ASC 946, the Feeder will not consolidate its investment in a company other than a controlled investment company subsidiary or a controlled operating company whose business consists of providing services to the Feeder. Accordingly, the Feeder consolidated the results of its wholly owned investment company subsidiary, BXPE Feeder (CYM) L.P. All intercompany balances and transactions have been eliminated in consolidation. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Valuation of Investments at Fair Value </div></div></div></div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The performance of the Feeder is directly affected by the performance of BXPE U.S.’s investment in the Aggregator, which is disclosed in the notes to BXPE U.S.’s financial statements. The Feeder has indirect exposure to gains and losses on underlying investments because it invests in BXPE U.S., which, in turn, has indirect exposure to gains and losses on underlying investments because it invests in the Aggregator. For information regarding valuation of investments, net realized and change in unrealized gains and losses on such investments held by the Aggregator, see Note 3. “Investments and Fair Value Measurement” in the “Notes to Consolidated Financial Statements” of the Aggregator. </div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="margin-top:0pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The Feeder measures its investment in BXPE U.S. at fair value using the net asset value of BXPE U.S. The net asset value of BXPE U.S. is considered a practical expedient that represents fair value as (a) the investment does not have a readily determinable fair value because BXPE U.S.’s net asset value is not published or the basis for current transactions, (b) BXPE U.S. is an investment company and (c) the net asset value of BXPE U.S. is calculated in a manner in which all of its investments are reported at fair value as of the measurement date. Changes in the fair value of the Feeder’s investment in BXPE U.S. are presented within Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S. in the Consolidated Statements of Operations. </div> <div style="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri;font-weight:bold">Cash and Cash Equivalents </div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents represents cash on hand, cash held in banks and short-term, highly liquid investments with original maturities of three months or less. The Feeder may have bank balances in excess of federally insured amounts; however, the Feeder deposits its Cash and Cash Equivalents with high credit-quality institutions to minimize credit risk. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Income Taxes </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Feeder operates so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code of 1986, as amended, and not as a publicly traded partnership taxable as a corporation and as such is not directly subject to any U.S. federal corporate income taxes. It is possible that the Feeder may be considered a publicly traded partnership and not meet the qualifying income exception in certain years. In such a scenario, the Feeder would be treated as a publicly traded partnership taxed as a corporation, rather than a partnership. The investors in the Feeder would be treated as shareholders in a corporation, and the Feeder itself would become taxable as a corporation for U.S. federal, state and/or local income tax purposes. The Feeder would be required to pay income tax at corporate rates on its net taxable income. Additionally, the Feeder’s consolidated subsidiary is subject to U.S. federal, state and/or local income taxes on certain of its investments. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">BXPE Feeder (CYM) L.P., the Feeder’s consolidated subsidiary, is an investment company that is treated as a corporation for U.S. income tax purposes. To the extent investments made by the Aggregator are engaged in a U.S. trade or business, BXPE Feeder (CYM) L.P. will generally be subject to a U.S. federal corporate income tax of </div>21<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% on its share of taxable income effectively connected with the conduct of a U.S. trade or business, and may also be subject to an additional branch profits tax of </div>30<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% on its share of the Aggregator’s effectively connected earnings and profits, adjusted as provided by law. BXPE Feeder (CYM) L.P. may also be subject to state and local income tax if it is determined to have nexus. Federal and state income taxes are expected to be withheld at the source of the U.S. trade or business and taxes withheld can be used as a credit against the U.S. federal and state income tax liability of BXPE Feeder (CYM) L.P.</div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">If the Aggregator generates U.S. source income that is not effectively connected with a U.S. trade or business, BXPE Feeder (CYM) L.P. could be subject to a </div>30<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% federal income tax on its share of all fixed or determinable annual or periodical gains, profits and income unless certain statutory exceptions are met. The tax is expected to be withheld at the source and taxes withheld can be used as a credit against the U.S. income tax liability of BXPE Feeder (CYM) L.P. The Aggregator is expected to hold certain investments which may generate U.S. source interest or dividends subject to this </div>30<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% withholding </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">tax. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The<div style="display:inline;"> </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">government of the Cayman Islands will not, under existing legislation, impose any income, corporate or capital gains tax, estate duty, inheritance tax, gift tax or withholding tax upon BXPE Feeder (CYM) L.P.</div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Deferred Taxes </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">GAAP requires the asset and liability method of accounting for income taxes. Under this method, deferred taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Valuation allowances are established where the Feeder determines it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Feeder assesses all available positive and negative evidence, including the amount and character of future taxable income. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Uncertain Tax Positions </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The Feeder recognizes uncertain tax positions when it is more likely than not that the position will be sustained by the taxing authorities, based on the technical merits of the positions. The tax positions that meet the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">more-likely-than-not</div> threshold are recognized based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Feeder reevaluates its tax positions each period in which new information becomes available. The Feeder’s policy is to recognize <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">tax-related</div> interest and penalties, if applicable, as a component of Provision for Taxes on the Consolidated Statements of Operations. </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Affiliates </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The General Partner, Investment Manager, Dealer Manager (as defined in Note 5. “Related Party Transactions”), BXPE U.S., Parallel Funds, the Aggregator, BXPE Lux and other vehicles sponsored, advised and/or managed by Blackstone or its affiliates are affiliates of the Feeder. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Segment Reporting </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Feeder operates through a <div style="-sec-ix-hidden:hidden157005173;display:inline;">single</div> reportable segment. The chief operating decision maker (the “CODM”) is a group consisting of the Feeder’s <div style="-sec-ix-hidden:hidden157006094;display:inline;">Chief Executive Officer</div> and <div style="-sec-ix-hidden:hidden157006095;display:inline;">Chief Financial Officer</div>. The CODM assesses the performance of, allocates resources to and makes operating decisions for the Feeder primarily based on the Feeder’s Net Increase in Net Assets Resulting from Operations. Reportable segment assets are reflected on the accompanying Consolidated Statements of Assets and Liabilities as Total Assets and reportable segment significant expenses reviewed by the CODM are listed on the accompanying Consolidated Statements of Operations. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Basis of Presentation </div></div></div></div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The accompanying consolidated financial statements of the Feeder have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Feeder is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, <div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Financial Services—Investment Companies</div></div>, (“ASC 946”). Accordingly, the Feeder reflects its investment on the Consolidated Statements of Assets and Liabilities at its fair value with unrealized gains and losses resulting from changes in fair value reflected in Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S. on the Consolidated Statements of Operations. Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the consolidated financial statements are presented fairly. </div> <div style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri;font-weight:bold">Use of Estimates </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements. Management believes that estimates made in preparing its consolidated financial statements are reasonable. Such estimates include those used in the valuation of the investment in BXPE U.S., including the valuation of BXPE U.S.’s investment in the Aggregator and the Aggregator’s investments and financial instruments and the measurement of deferred tax balances (including valuation allowances, if any), at the Feeder and the Aggregator. Actual results may ultimately differ from those estimates<div style="display:inline;"><div style="font-weight:bolder;display:inline;">.</div></div> </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Principles of Consolidation </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As provided under ASC 946, the Feeder will not consolidate its investment in a company other than a controlled investment company subsidiary or a controlled operating company whose business consists of providing services to the Feeder. Accordingly, the Feeder consolidated the results of its wholly owned investment company subsidiary, BXPE Feeder (CYM) L.P. All intercompany balances and transactions have been eliminated in consolidation. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Valuation of Investments at Fair Value </div></div></div></div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The performance of the Feeder is directly affected by the performance of BXPE U.S.’s investment in the Aggregator, which is disclosed in the notes to BXPE U.S.’s financial statements. The Feeder has indirect exposure to gains and losses on underlying investments because it invests in BXPE U.S., which, in turn, has indirect exposure to gains and losses on underlying investments because it invests in the Aggregator. For information regarding valuation of investments, net realized and change in unrealized gains and losses on such investments held by the Aggregator, see Note 3. “Investments and Fair Value Measurement” in the “Notes to Consolidated Financial Statements” of the Aggregator. </div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="margin-top:0pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The Feeder measures its investment in BXPE U.S. at fair value using the net asset value of BXPE U.S. The net asset value of BXPE U.S. is considered a practical expedient that represents fair value as (a) the investment does not have a readily determinable fair value because BXPE U.S.’s net asset value is not published or the basis for current transactions, (b) BXPE U.S. is an investment company and (c) the net asset value of BXPE U.S. is calculated in a manner in which all of its investments are reported at fair value as of the measurement date. Changes in the fair value of the Feeder’s investment in BXPE U.S. are presented within Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S. in the Consolidated Statements of Operations. </div> <div style="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri;font-weight:bold">Cash and Cash Equivalents </div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents represents cash on hand, cash held in banks and short-term, highly liquid investments with original maturities of three months or less. The Feeder may have bank balances in excess of federally insured amounts; however, the Feeder deposits its Cash and Cash Equivalents with high credit-quality institutions to minimize credit risk. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Income Taxes </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Feeder operates so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code of 1986, as amended, and not as a publicly traded partnership taxable as a corporation and as such is not directly subject to any U.S. federal corporate income taxes. It is possible that the Feeder may be considered a publicly traded partnership and not meet the qualifying income exception in certain years. In such a scenario, the Feeder would be treated as a publicly traded partnership taxed as a corporation, rather than a partnership. The investors in the Feeder would be treated as shareholders in a corporation, and the Feeder itself would become taxable as a corporation for U.S. federal, state and/or local income tax purposes. The Feeder would be required to pay income tax at corporate rates on its net taxable income. Additionally, the Feeder’s consolidated subsidiary is subject to U.S. federal, state and/or local income taxes on certain of its investments. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">BXPE Feeder (CYM) L.P., the Feeder’s consolidated subsidiary, is an investment company that is treated as a corporation for U.S. income tax purposes. To the extent investments made by the Aggregator are engaged in a U.S. trade or business, BXPE Feeder (CYM) L.P. will generally be subject to a U.S. federal corporate income tax of </div>21<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% on its share of taxable income effectively connected with the conduct of a U.S. trade or business, and may also be subject to an additional branch profits tax of </div>30<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% on its share of the Aggregator’s effectively connected earnings and profits, adjusted as provided by law. BXPE Feeder (CYM) L.P. may also be subject to state and local income tax if it is determined to have nexus. Federal and state income taxes are expected to be withheld at the source of the U.S. trade or business and taxes withheld can be used as a credit against the U.S. federal and state income tax liability of BXPE Feeder (CYM) L.P.</div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">If the Aggregator generates U.S. source income that is not effectively connected with a U.S. trade or business, BXPE Feeder (CYM) L.P. could be subject to a </div>30<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% federal income tax on its share of all fixed or determinable annual or periodical gains, profits and income unless certain statutory exceptions are met. The tax is expected to be withheld at the source and taxes withheld can be used as a credit against the U.S. income tax liability of BXPE Feeder (CYM) L.P. The Aggregator is expected to hold certain investments which may generate U.S. source interest or dividends subject to this </div>30<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% withholding </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">tax. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The<div style="display:inline;"> </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">government of the Cayman Islands will not, under existing legislation, impose any income, corporate or capital gains tax, estate duty, inheritance tax, gift tax or withholding tax upon BXPE Feeder (CYM) L.P.</div></div> 0.21 0.30 0.30 0.30 <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Deferred Taxes </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">GAAP requires the asset and liability method of accounting for income taxes. Under this method, deferred taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Valuation allowances are established where the Feeder determines it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Feeder assesses all available positive and negative evidence, including the amount and character of future taxable income. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Uncertain Tax Positions </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The Feeder recognizes uncertain tax positions when it is more likely than not that the position will be sustained by the taxing authorities, based on the technical merits of the positions. The tax positions that meet the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">more-likely-than-not</div> threshold are recognized based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Feeder reevaluates its tax positions each period in which new information becomes available. The Feeder’s policy is to recognize <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">tax-related</div> interest and penalties, if applicable, as a component of Provision for Taxes on the Consolidated Statements of Operations. </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Affiliates </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The General Partner, Investment Manager, Dealer Manager (as defined in Note 5. “Related Party Transactions”), BXPE U.S., Parallel Funds, the Aggregator, BXPE Lux and other vehicles sponsored, advised and/or managed by Blackstone or its affiliates are affiliates of the Feeder. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Segment Reporting </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Feeder operates through a <div style="-sec-ix-hidden:hidden157005173;display:inline;">single</div> reportable segment. The chief operating decision maker (the “CODM”) is a group consisting of the Feeder’s <div style="-sec-ix-hidden:hidden157006094;display:inline;">Chief Executive Officer</div> and <div style="-sec-ix-hidden:hidden157006095;display:inline;">Chief Financial Officer</div>. The CODM assesses the performance of, allocates resources to and makes operating decisions for the Feeder primarily based on the Feeder’s Net Increase in Net Assets Resulting from Operations. Reportable segment assets are reflected on the accompanying Consolidated Statements of Assets and Liabilities as Total Assets and reportable segment significant expenses reviewed by the CODM are listed on the accompanying Consolidated Statements of Operations. </div></div></div> The CODM assesses the performance of, allocates resources to and makes operating decisions for the Feeder primarily based on the Feeder’s Net Increase in Net Assets Resulting from Operations. Reportable segment assets are reflected on the accompanying Consolidated Statements of Assets and Liabilities as Total Assets and reportable segment significant expenses reviewed by the CODM are listed on the accompanying Consolidated Statements of Operations. <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">3. Investment in BXPE U.S. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The<div style="display:inline;"> </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">Feeder recognizes dividend income on the record date of distributions, if any, from BXPE U.S. The Feeder has an interest of </div>32.3<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% and </div>30.4<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% in BXPE U.S. as of December 31, 2025 and December 31, 2024, respectively. The Feeder’s indirect interest in the Aggregator may result in the Feeder indirectly holding investments of the Aggregator that, on a proportional basis, at times may exceed </div>5<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% of the net assets of the Feeder. For a listing of investments that may proportionally exceed </div>5<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% of the Feeder’s net assets, refer to the Condensed Consolidated Schedules of Investments of the Aggregator.</div></div> 0.323 0.304 0.05 0.05 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;text-indent: 0px;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">4. Net Assets </div></div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="margin-top:8pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The Feeder, at the direction of the General Partner, has the authority to issue an unlimited number of Units of each class, or series of a class. </div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">As of December 31, 2025, the Feeder offered three classes of limited partnership Units: Class I, Class S and Class D Units. The key differences among each class, or series of a class, of Units relate to the ongoing <div style="letter-spacing: 0px; top: 0px;display:inline;">servicing</div> fees, the upfront subscription fee and distribution channels. The term “Transactional NAV” refers to the price at which transactions in the Feeder’s Units are made, calculated in accordance with a valuation policy that has been approved by the BXPE U.S. Board of Directors. The purchase price per Unit is equal to the Transactional NAV per </div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Unit for such class, or such series of a class, as of the last calendar day of the immediately preceding month. Before the Feeder determined its first Transactional NAV, the initial subscription price for Units was $</div></div>25.00 per Unit plus applicable subscription fees that are paid by the unitholder outside its investment in the Feeder and not reflected in the Feeder’s Transactional NAV. The Transactional NAV for each class, or series of a class, of Units was first determined as of the end of the first full month after the Initial Closing Date. Thereafter, the Transactional NAV is based on the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">month-end</div> values of investments, the addition of the value of any other assets such as cash, the deduction of any liabilities and the deduction of expenses attributable to certain classes, or series of classes, such as applicable servicing fees. At the end of each month, the Feeder allocates its Net Investment Income (Loss) and Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S. across each class, or series of a class, of Units based on their relative ownership share in the Feeder as of the first calendar day of that month. </div><div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">Unit issuances related to monthly subscriptions are effective the first calendar day of each month. Units are issued at a price per Unit equivalent to the Feeder’s most recent Transactional NAV per Unit available for each class, or series of a class, of Units, which is the Feeder’s prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">month-end</div> Transactional NAV per Unit. </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following tables present transactions in the Units during the periods: </div></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 89%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of January 1, 2024</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">17,748,271</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31,463,939</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">49,236,210</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Conversion of Units Between Classes</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">103,248</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(103,814</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(566</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(4,391</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(4,059</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(8,450</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">17,847,128</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31,356,066</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">49,227,194</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">17,847,128</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31,356,066</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">49,227,194</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">22,569,880</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,623,012</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">201,120</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,394,012</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Conversion of Units Between Classes</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">406,650</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(412,732</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(6,082</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(48,192</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(201,619</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(249,811</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2025</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  40,775,466</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  55,364,727</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   225,120</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  96,365,313</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Unit Redemption Plan </div></div></div></div><div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">In accordance with the BXPE U.S. Partnership Agreement, BXPE U.S. expects to periodically redeem up to 3% of its units outstanding <div style="letter-spacing: 0px; top: 0px;display:inline;">per quarter </div>(the “Unit Redemption Plan”). Under the Unit Redemption Plan, to the extent BXPE U.S. redeems units in any particular quarter, BXPE U.S. expects to use a purchase price equal to the Transactional NAV per unit as of the date specified in the Unit Redemption Plan. Any redemption requests of BXPE U.S. units that have been outstanding for less than two years will be subject to an early redemption deduction equal to 5% of the value of such Transactional NAV of the units being redeemed, subject to certain exceptions in the General Partner’s sole discretion (the “Early Redemption Deduction”). Any Early Redemption Deduction will be retained by BXPE U.S. for the benefit of all investors. </div><div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;">In accordance with the Feeder Partnership Agreement, unitholders of the Feeder, as indirect holders of BXPE U.S., participate in BXPE U.S.’s Unit Redemption Plan under the same terms as direct unitholders of BXPE U.S. Accordingly, a redemption request by a unitholder of the Feeder will be satisfied by redeeming the same number of units in BXPE U.S. and unitholders of the Feeder will receive a purchase price equal to the Feeder’s Transactional NAV per Unit as of the date specified in the Unit Redemption Plan. </div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="margin-top:0pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;">If the quarterly volume limitation is reached in any particular calendar quarter or the General Partner determines to redeem fewer units than have been requested to be redeemed in any particular calendar quarter, units submitted for redemption during such quarter will be redeemed on <div style="white-space:nowrap;display:inline;">a pro-rata basis</div> after BXPE U.S. has redeemed all units for which redemption has been requested due to death, disability or divorce and other limited exceptions. Unsatisfied redemption requests will not be automatically carried over to the next redemption period and, in order for a redemption request to be reconsidered, unitholders must resubmit their request in the next available redemption window. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The General Partner, with the approval of the Independent Directors, as applicable, may make exceptions to, modify or suspend the Unit Redemption Plan if, in its reasonable judgment, it deems such action to be in the best interest of BXPE U.S. and its unitholders (including the Feeder), including, but not limited to, for tax, regulatory or other structuring reasons. As a result, Unit redemptions may not be available each quarter, such as when redemptions would place an undue burden on BXPE U.S.’s liquidity, adversely affect its operations or pose a potential adverse impact on BXPE U.S. that would outweigh the benefit of the redemptions. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">During the years ended December 31, 2025 and 2024, 249,811 Units and 8,450 Units were redeemed for an aggregate value of $7.8 million and $0.2 million, respectively. </div></div> 25 <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following tables present transactions in the Units during the periods: </div></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 89%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of January 1, 2024</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">17,748,271</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31,463,939</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">49,236,210</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Conversion of Units Between Classes</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">103,248</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(103,814</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(566</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(4,391</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(4,059</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(8,450</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">17,847,128</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31,356,066</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">49,227,194</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">17,847,128</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31,356,066</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">49,227,194</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">22,569,880</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,623,012</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">201,120</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,394,012</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Conversion of Units Between Classes</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">406,650</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(412,732</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(6,082</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(48,192</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(201,619</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(249,811</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2025</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  40,775,466</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  55,364,727</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   225,120</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  96,365,313</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> 0 0 0 0 17748271 31463939 24000 49236210 103248 -103814 0 -566 4391 4059 0 8450 17847128 31356066 24000 49227194 17847128 31356066 24000 49227194 22569880 24623012 201120 47394012 406650 -412732 0 -6082 48192 201619 0 249811 40775466 55364727 225120 96365313 0.03 0.05 249811 8450 7800000 200000 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5. Related Party Transactions </div></div></div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Partnership Agreement </div></div></div></div><div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The Feeder has entered into an amended and restated limited partnership agreement (as may be further amended and restated from time to time, the “Feeder Partnership Agreement”), with the General Partner. Under the terms of the Feeder Partnership Agreement, overall responsibility for the Feeder’s oversight rests with the General Partner, subject to certain oversight rights held by the Boards of Directors. </div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Performance Participation Allocation </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The General Partner receives a performance participation allocation (“Performance Participation Allocation”) by BXPE. Investors in the Feeder, BXPE U.S. and any Parallel Funds indirectly bear a portion of the Performance Participation Allocation paid by the Aggregator, but such expenses are not duplicated at the Feeder, BXPE U.S. or Parallel Funds. Investors in the Feeder will indirectly bear a portion of the Performance Participation Allocation payable by BXPE U.S., but such expenses will not be duplicated at the Feeder level. For the years ended December 31, 2025 and 2024, the Feeder was allocated $60.3 million and $18.5 million, respectively, of the Performance Participation Allocation recognized by the Aggregator. Refer to BXPE U.S.’s financial statements for more information regarding the Performance Participation Allocation. </div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investment Management Agreement </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. has entered into an investment management agreement with the Investment Manager (as may be further amended and restated from time to time, the “Investment Management Agreement”). As part of carrying out its investment management services, the Investment Manager has entered, and may in the future enter into <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-advisory,</div> or other similar arrangements, with other advisory subsidiaries of Blackstone. These <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-advisory</div> relationships do not affect the terms of the Investment Management Agreement. </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Management Fee </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In consideration for its investment management services, BXPE pays the Investment Manager a management fee (the “Management Fee”). <div style="display:inline;">Investors</div> in the Feeder, BXPE U.S. and any Parallel Funds indirectly bear a portion of the Management Fee paid by the Aggregator, but such expenses are not duplicated at the Feeder, BXPE U.S. or Parallel Funds. </div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">The Investment Manager agreed to waive the Management Fee for the first </div>six<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> months following the Initial Closing Date. Effective July </div>1<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">, </div>2024<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">, the Aggregator began accruing the Management Fee attributable to the Feeder. The Management Fee is included as a component of Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S. in the Consolidated Statements of Operations. Refer to BXPE U.S.’s financial statements for more information regarding the Management Fee.</div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For the years ended December 31, 2025 and 2024, the Feeder was allocated $29.0 million and $11.2 million of the gross Management Fee recognized by the Aggregator, of which $0.1 million and $3.9 million was waived by the Investment Manager for the years ended December 31, 2025 and 2024, respectively. </div></div> <div style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri;font-weight:bold">Administration Fee </div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager and its affiliates provide administration services to BXPE, consistent with the BXPE U.S. Partnership Agreement and Investment Management Agreement. In consideration for its administrative services, the Investment Manager is entitled to receive an administration fee (the “Administration Fee”) payable by BXPE. Investors in the Feeder, BXPE U.S. and any Parallel Funds indirectly bear a portion of the Administration Fee, paid by the Aggregator, but such expenses are not duplicated at the Feeder, BXPE U.S. or Parallel Funds.   </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For the years ended December 31, 2025 and 2024, the Feeder was allocated $2.2 million and $0.9 million of the Administration Fee recognized by the Aggregator, respectively. Refer to BXPE U.S.’s financial statements for more information regarding the Administration Fee. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Dealer Manager Agreement </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Feeder and BXPE U.S. entered into a dealer manager agreement (as may be further amended and restated from time to time, the “Dealer Manager Agreement”) with Blackstone Securities Partners L.P. (the “Dealer Manager”), a broker-dealer registered with the SEC under the Securities Exchange Act of 1934, as amended, and a member of the Financial Industry Regulatory Authority. Pursuant to the Dealer Manager Agreement, the Dealer Manager manages the Feeder’s relationships with third-party brokers engaged by the Dealer Manager to participate in the distribution of Units, which are referred to as participating brokers, and financial advisors. The Dealer Manager also coordinates the Feeder’s marketing and distribution efforts with participating brokers and their registered representatives with respect to communications related to the terms of the Feeder’s offering, its investment strategies, material aspects of its operations and subscription procedures. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Dealer Manager is entitled to receive unitholder servicing fees monthly in arrears at an annual rate of 0.85% of the value of the Feeder’s Transactional NAV attributable to Class S Units as of the last day of each month. The Dealer Manager is entitled to receive unitholder servicing fees monthly in arrears at an annual rate of 0.25% of the value of the Feeder’s Transactional NAV attributable to Class D Units as of the last day of each month. In calculating the unitholder servicing fee, the Feeder uses the Transactional NAV before giving effect to any accruals for the unitholder servicing fees, redemptions for that month and distributions, if any, payable on the Feeder’s Units. There are no unitholder servicing fees with respect to Class I Units. The unitholder servicing fees are payable to the Dealer Manager, but the Dealer Manager anticipates that all of such fees will be retained by, or reallowed (paid) to, participating brokers or other financial intermediaries. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Feeder accrues the cost of the unitholder servicing fees for the estimated life of the Units, as applicable, as a distribution cost at the time Class S and Class D Units are sold. Servicing Fees Payable as of December 31, 2025 and 2024 were $94.4 million and $50.8 million, respectively. </div><br/></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Due to Affiliates </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Due to Affiliates consists of cash advances made by Blackstone Holdings Finance Co. L.L.C., a subsidiary of Blackstone, on behalf of the Feeder for the payment of fund expenses. These amounts are intended to be cash reimbursed by the Feeder and are <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-interest</div> bearing. Due to Affiliates also consists of balances the Feeder owes to other <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-consolidated</div> entities within BXPE. </div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE Lux </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE invests alongside BXPE Lux, a Luxembourg alternative investment fund available to investors primarily domiciled in countries of the European Economic Area, the United Kingdom, Switzerland, certain Asian jurisdictions and certain other jurisdictions. While BXPE and BXPE Lux have substantially similar investment objectives and strategies and are expected to have highly overlapping investment portfolios, BXPE and BXPE Lux are operated as distinct investment structures. </div></div></div> 60300000 18500000 29000000 11200000 100000 3900000 2200000 900000 0.0085 0.0025 94400000 50800000 <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6. Commitments and Contingencies </div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Commitments </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For information regarding investment commitments, see the Aggregator’s consolidated financial statements. To the extent funded, these investments are expected to reside at the Aggregator but may be funded from the Feeder’s available liquidity, including proceeds from the issuance of Units by the Feeder. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Contingencies </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Feeder may, from time to time, be party to various legal matters arising in the ordinary course of business, including claims and litigation proceedings. As of December 31, 2025, the Feeder was not subject to any material litigation nor was the Feeder aware of any material litigation threatened against it. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Indemnifications </div></div></div></div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">In the normal course of business, the Feeder enters into contracts that contain a variety of indemnification arrangements. The Feeder’s exposure under these arrangements, if any, cannot be quantified. However, the Feeder has not had any claims or losses pursuant to these indemnification arrangements and expects the potential for a material loss to be remote as of December 31, 2025. </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">7. Income Taxes </div></div></div></div> <div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri">The Feeder’s Provision for Taxes was $10.1 million and $3.8 million for the years ended December 31, <div style="letter-spacing: 0px; top: 0px;display:inline;">2025</div> and 2024, respectively, which resulted in an effective tax rate of 2.7% and 3.1%, respectively. The primary driver giving rise to the difference between the 21.0% federal statutory rate and the effective tax rate was that the Feeder is a partnership and not subject to entity level tax, and only income from the Feeder’s consolidated subsidiary, which is generally considered effectively connected to the U.S., is subject to income tax.</div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;text-indent: 0px;display:inline;"></div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Feeder’s Net Increase in Net Assets Resulting from Operations Before Provision for Taxes consists of the following: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 94%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Net Increase in Net Assets Resulting from Operations Before Provision for Taxes</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">United States</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,922</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">85,405</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign</div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">164,878</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">35,532</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; font-family: Calibri; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">    379,800</div></div></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   120,937</div></div></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="clear: both; max-height: 0px;"></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Feeder’s Provision for Taxes consists of the <div style="display:inline;">following</div>:</div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><br/></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width:93%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Current</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal Income Tax</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,247</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,252</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Tax</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(273</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">273</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,974</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,525</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal Income Tax</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">6,586</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,846</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Tax</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(432</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">432</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">6,154</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,278</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;">Provision for Taxes</div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   10,128</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">     3,803</div></div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table reconciles the Feeder’s effective income tax rate to the U.S. federal statutory tax rate: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 95%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Statutory U.S. Federal Income Tax Rate</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">21.0</div></td> <td style="white-space: nowrap; vertical-align: bottom; line-height: 10pt; font-size: 10pt; text-indent: 0px;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;"></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">21.0%</div></td> <td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Pass-through Income Not Subject to Income Tax (a)</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-19.9</div></td> <td style="vertical-align: bottom; white-space: nowrap; text-indent: 0px; line-height: 10pt; font-size: 10pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt;display:inline;">%</div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-19.7%</div></td> <td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Taxes (b)</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.2</div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 10pt; font-size: 10pt; text-indent: 0px;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;"></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.6%</div></td> <td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Branch Profit Tax (c)</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.9</div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 10pt; font-size: 10pt; text-indent: 0px;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;"></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.2%</div></td> <td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Other</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.9</div></td> <td style="white-space: nowrap; vertical-align: bottom; line-height: 10pt; font-size: 10pt; text-indent: 0px;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;"></div><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;">%</div><br/></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 94%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:10pt"> <td style="vertical-align: top; width: 94%;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: Calibri; line-height: normal;">Effective Income Tax Rate</div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">       2.7</td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">       3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 94%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">Pass-through Income Not Subject to Income Tax generally refers to the Aggregator’s income that is not effectively connected with a U.S. trade or business nor subject to U.S. corporate income tax, which reduces its effective income tax rate. </div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Taxes refers to taxes imposed by individual states and local governments on income, property and sales. These taxes vary by jurisdiction and can significantly impact a corporation’s overall effective tax rate. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(c)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Branch Profit Tax refers to tax on a foreign corporation’s U.S. branch earnings and profits for the year that are effectively connected with the conduct of a U.S. trade or business, to the extent they are not reinvested in branch assets. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">A summary of the significant components of the Feeder’s deferred tax assets and liabilities is as follows: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div><br/></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width:94%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 92%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Tax Liabilities</div></div></div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 92%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Outside Basis Difference in Underlying Partnership</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">8,433</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,278</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 92%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;">Total Deferred Tax Liabilities</div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">8,433</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,278</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 92%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;">Deferred Tax Liabilities</div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  8,433</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  2,278</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Feeder evaluates the realizability of its deferred tax asset on each balance sheet date and adjusts the valuation allowance when it is more-likely-than-not that all or a portion of the deferred tax asset may not be realized. The Feeder assesses all available positive and negative evidence, including the amount and character of future taxable income. As of December 31, 2025 and 2024, the Feeder did not have any deferred tax assets and was in a net deferred tax liability position; therefore, </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">no </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;text-indent: 0px;display:inline;">valuation allowance was recorded.</div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025 and 2024, the Feeder had no aggregate federal or state income tax net operating losses. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Uncertain Tax Positions </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025 and 2024, the Feeder is not aware of any uncertain tax positions that would require recognition in the Consolidated Financial Statements.</div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">One Big Beautiful Bill Act </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law in the U.S., introducing a broad range of tax reform provisions affecting businesses, including extending and modifying certain key provisions of the Tax Cuts &amp; Jobs Act of 2017. In accordance with GAAP, the effects of the enacted tax law changes were recognized in the period of enactment.</div><br/></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-align: right; top: 0px;display:inline;">The OBBBA did not change the U.S. federal corporate income tax rate. The Feeder evaluated the provisions of the law and determined there was no remeasurement of the deferred tax assets and liabilities and that the OBBBA had no material impact to the Feeder’s consolidated financial statements as of and for the year ended December 31, 2025.</div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Tax Contingencies </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Feeder files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Feeder is subject to examination by various taxing authorities. </div></div> 10100000 3800000 0.027 0.031 0.21 <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Feeder’s Net Increase in Net Assets Resulting from Operations Before Provision for Taxes consists of the following: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 94%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Net Increase in Net Assets Resulting from Operations Before Provision for Taxes</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">United States</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,922</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">85,405</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign</div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">164,878</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">35,532</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; font-family: Calibri; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">    379,800</div></div></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   120,937</div></div></td> <td style="white-space: nowrap; vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> 214922000 85405000 164878000 35532000 379800000 120937000 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Feeder’s Provision for Taxes consists of the <div style="display:inline;">following</div>:</div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div><br/></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width:93%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Current</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal Income Tax</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,247</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,252</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Tax</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(273</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">273</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,974</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,525</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal Income Tax</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">6,586</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,846</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Tax</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(432</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">432</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">6,154</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,278</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;">Provision for Taxes</div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   10,128</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">     3,803</div></div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> 4247000 1252000 -273000 273000 3974000 1525000 6586000 1846000 -432000 432000 6154000 2278000 10128000 3803000 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table reconciles the Feeder’s effective income tax rate to the U.S. federal statutory tax rate: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 95%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Statutory U.S. Federal Income Tax Rate</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">21.0</div></td> <td style="white-space: nowrap; vertical-align: bottom; line-height: 10pt; font-size: 10pt; text-indent: 0px;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;"></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">21.0%</div></td> <td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Pass-through Income Not Subject to Income Tax (a)</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-19.9</div></td> <td style="vertical-align: bottom; white-space: nowrap; text-indent: 0px; line-height: 10pt; font-size: 10pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt;display:inline;">%</div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-19.7%</div></td> <td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Taxes (b)</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.2</div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 10pt; font-size: 10pt; text-indent: 0px;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;"></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.6%</div></td> <td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Branch Profit Tax (c)</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.9</div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 10pt; font-size: 10pt; text-indent: 0px;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;"></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.2%</div></td> <td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 94%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Other</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.9</div></td> <td style="white-space: nowrap; vertical-align: bottom; line-height: 10pt; font-size: 10pt; text-indent: 0px;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;"></div><div style="letter-spacing: 0px; top: 0px; line-height: 10pt; font-size: 10pt;display:inline;">%</div><br/></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 94%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:10pt"> <td style="vertical-align: top; width: 94%;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 10pt; font-family: Calibri; line-height: normal;">Effective Income Tax Rate</div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">       2.7</td> <td style="white-space:nowrap;vertical-align:bottom">% </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">       3.1%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 94%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">Pass-through Income Not Subject to Income Tax generally refers to the Aggregator’s income that is not effectively connected with a U.S. trade or business nor subject to U.S. corporate income tax, which reduces its effective income tax rate. </div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Taxes refers to taxes imposed by individual states and local governments on income, property and sales. These taxes vary by jurisdiction and can significantly impact a corporation’s overall effective tax rate. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(c)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Branch Profit Tax refers to tax on a foreign corporation’s U.S. branch earnings and profits for the year that are effectively connected with the conduct of a U.S. trade or business, to the extent they are not reinvested in branch assets. </div></div> </td> </tr> </table> 0.21 0.21 -0.199 -0.197 -0.002 0.006 0.009 0.012 0.009 0 0.027 0.031 <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">A summary of the significant components of the Feeder’s deferred tax assets and liabilities is as follows: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div><br/></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width:94%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 92%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Tax Liabilities</div></div></div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 92%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Outside Basis Difference in Underlying Partnership</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">8,433</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,278</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 92%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;">Total Deferred Tax Liabilities</div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">8,433</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,278</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 92%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;">Deferred Tax Liabilities</div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  8,433</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  2,278</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> 8433000 2278000 8433000 2278000 8433000 2278000 0 0 0 0 0 0 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">8. Financial Highlights </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following financial highlights are calculated for the unitholders of the Feeder as a whole. Calculation of these highlights on an individual unitholder basis may yield results that vary from those stated herein due to the timing of capital transactions and differing fee arrangements.</div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 2pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr> <td style="width: 88%;"></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="11" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31, 2025 (a)</div></div></div></td> </tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="3" style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.22</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">26.38</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24.81</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.16</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.14</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.13</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S.</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.36</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.24</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.78</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets Resulting from Investment Operations</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.20</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.10</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.64</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Servicing Fees</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.32</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.10</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.20</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.78</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.54</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">33.42</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31.16</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">29.35</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 40,775,466</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 55,364,727</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 225,120</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Return Based on Net Asset Value (b)</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.43</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.13</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.32</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ratios to Weighted-Average Net Assets</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses (c)</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.06</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.06</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.07</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.51</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.53</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.48</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 88%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="11" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31, 2024 (a)</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Proceeds from Units Issued</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.00</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.00</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   25.00</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Income (Loss)</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.13</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.13</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S.</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.35</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.34</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.28</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><div style="font-variant-ligatures: none;display:inline;">Net Increase in Net Assets Resulting from Investment Operations</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.22</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.20</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.31</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Servicing Fees</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(1.82</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.50</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase (Decrease) in Net Assets</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.22</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.38</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.19</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.22</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">26.38</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24.81</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 17,847,128</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 31,356,066</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,000</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Return Based on Net Asset Value (b)</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">12.87</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.52</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.78</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ratios to Weighted-Average Net Assets</div></div></div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses (c)</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.05</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.05</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Income (Loss)</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.48</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.49</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.11</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Amounts may not add due to rounding. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with the Feeder’s distribution reinvestment plan) divided by the beginning Net Asset Value per Unit for the year ended December 31, 2025 or the initial Net Asset Value per Unit of $25.00 for the year ended December 31, 2024. Total return does not include upfront transaction fees, if any. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(c)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Expense ratio includes Professional Fees. For the year ended December 31, 2024, the expense ratio also includes Organizational Expenses. </div></div></div></td></tr></table> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following financial highlights are calculated for the unitholders of the Feeder as a whole. Calculation of these highlights on an individual unitholder basis may yield results that vary from those stated herein due to the timing of capital transactions and differing fee arrangements.</div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 2pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr> <td style="width: 88%;"></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="11" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31, 2025 (a)</div></div></div></td> </tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="3" style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="vertical-align: bottom; text-align: center; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.22</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">26.38</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24.81</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.16</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.14</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.13</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S.</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.36</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.24</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.78</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets Resulting from Investment Operations</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.20</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.10</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.64</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Servicing Fees</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.32</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.10</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.20</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.78</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.54</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">33.42</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31.16</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">29.35</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 40,775,466</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 55,364,727</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 225,120</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Return Based on Net Asset Value (b)</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.43</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.13</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.32</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ratios to Weighted-Average Net Assets</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses (c)</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.06</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.06</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.07</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.51</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.53</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.48</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 88%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="11" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31, 2024 (a)</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Proceeds from Units Issued</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.00</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.00</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   25.00</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Income (Loss)</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.13</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.13</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investment in BXPE U.S.</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.35</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.34</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.28</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em;"><div style="font-variant-ligatures: none;display:inline;">Net Increase in Net Assets Resulting from Investment Operations</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.22</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.20</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.31</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Servicing Fees</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(1.82</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.50</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase (Decrease) in Net Assets</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.22</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.38</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.19</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.22</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">26.38</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24.81</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 17,847,128</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 31,356,066</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">24,000</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Return Based on Net Asset Value (b)</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">12.87</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.52</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.78</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ratios to Weighted-Average Net Assets</div></div></div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses (c)</div></div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.05</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.05</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Income (Loss)</div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.48</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.49</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.11</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="clear: both; max-height: 0px;"></div><div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Amounts may not add due to rounding. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with the Feeder’s distribution reinvestment plan) divided by the beginning Net Asset Value per Unit for the year ended December 31, 2025 or the initial Net Asset Value per Unit of $25.00 for the year ended December 31, 2024. Total return does not include upfront transaction fees, if any. </div></div></td></tr></table><div style="clear: both; max-height: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(c)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Expense ratio includes Professional Fees. For the year ended December 31, 2024, the expense ratio also includes Organizational Expenses. </div></div></div></td></tr></table> 28.22 26.38 24.81 -0.16 -0.14 -0.13 5.36 5.24 4.78 5.2 5.1 4.64 0 -0.32 -0.1 5.2 4.78 4.54 33.42 31.16 29.35 40775466 55364727 225120 0.1843 0.1813 0.1832 0.0006 0.0006 0.0007 -0.0051 -0.0053 -0.0048 0 0 0 25 25 25 -0.13 -0.13 0.03 3.35 3.34 0.28 3.22 3.2 0.31 0 -1.82 -0.5 3.22 1.38 -0.19 28.22 26.38 24.81 17847128 31356066 24000 0.1287 0.0552 -0.0078 0.0005 0.0005 0 -0.0048 -0.0049 0.0011 25 <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9. Subsequent Events </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Except as noted below, there have been no events since December 31, 2025 that require recognition or disclosure in the consolidated financial statements. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">As of January 1, 2026, the Feeder redesignated its existing Class I Units as </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-wrap-mode: nowrap; top: 0px;display:inline;">Class I-Series</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> I Units and designated two new series of Class I Units, </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-wrap-mode: nowrap; top: 0px;display:inline;">Class I-Series</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> II Units and </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-wrap-mode: nowrap; top: 0px;display:inline;">Class I-Series</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> III Units. </div>The redesignation did not result in any adjustments to the consolidated financial statements.</div> The redesignation did not result in any adjustments to the consolidated financial statements. 8419665000 4247996000 10086895000 4662353000 1965000 1616000 6544000 563000 3179000 8000 253000 280000 10098836000 4664820000 3671000 225000 1511000 1153000 6415000 544000 189754000 107005000 201351000 108927000 unlimited unlimited 186502697 186502697 96932930 96932930 6288381000 2748976000 unlimited unlimited 110691630 110691630 65661316 65661316 3484838000 1741432000 unlimited unlimited 3220614 3220614 2346107 2346107 106364000 65235000 unlimited unlimited 684206 684206 0 0 17652000 0 250000 250000 9897485000 4555893000 10098836000 4664820000 1704000 1793000 0 417000 641000 0 0 1166000 0 219000 63000 0 2340000 3663000 0 0 1166000 0 2340000 2497000 0 -2340000 -2497000 0 1252872000 414358000 0 1250532000 411861000 0 100000 0 0 0 0 100000 100000 0 0 0 0 100000 2497512000 1700295000 64700000 0 250000 4262757000 -1420000 -1033000 -44000 0 0 -2497000 237892000 169854000 6612000 0 0 414358000 0 -115179000 -1211000 0 0 -116390000 16453000 -11629000 -4824000 0 0 0 -1561000 -876000 2000 0 0 -2435000 2748976000 1741432000 65235000 0 250000 4555893000 2748976000 1741432000 65235000 0 250000 4555893000 2754567000 1413328000 31140000 17530000 0 4216565000 -1423000 -888000 -28000 -1000 0 -2340000 766996000 470434000 14607000 835000 0 1252872000 0 -101671000 -643000 -713000 0 -103027000 29991000 -26033000 -3958000 0 0 0 -10726000 -11764000 11000 1000 0 -22478000 6288381000 3484838000 106364000 17652000 250000 9897485000 1250532000 411861000 0 1252872000 414358000 0 335000 466000 0 -4195069000 -4250558000 0 17419000 1999000 0 -27000 280000 0 3118000 0 0 3446000 225000 0 357000 1153000 0 -4178943000 -4249492000 0 4216230000 4262291000 0 20278000 9385000 0 -234000 -3000 0 -16894000 -1901000 0 4179292000 4251008000 0 349000 1516000 0 1616000 100000 100000 1965000 1616000 100000 8000 8000 0 335000 466000 0 103027000 116390000 0 6415000 542000 0 60000 8000 0 -298902089 10086895000 1.019 -8419665000 10086895000 1.019 -164267528 4662353000 1.023 4247996000 4662353000 1.023 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1. Organization </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Blackstone Private Equity Strategies Fund L.P. (“BXPE U.S.”) is a Delaware limited partnership formed on April 5, 2022, and is a private fund exempt from registration under Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “1940 Act”). BXPE U.S. is structured as a perpetual-life strategy, with monthly, fully funded subscriptions and periodic redemptions. BXPE U.S. is conducting a continuous private offering of its limited partnership units (“Units”) in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to investors that are both (a) accredited investors (as defined in Regulation D under the Securities Act) and (b) qualified purchasers (as defined in the 1940 Act and rules thereunder). </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Blackstone Private Equity Strategies Fund (TE) L.P. (together with its consolidated subsidiary, the “Feeder”), a Delaware limited partnership, invests all or substantially all of its assets in BXPE U.S. The Feeder was established for certain investors with particular tax characteristics, such as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">tax-exempt</div> investors and certain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-U.S.</div> investors. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. invests all or substantially all of its assets through its investment in BXPE US Aggregator (CYM) L.P. (together with its consolidated subsidiaries, the “Aggregator”). The Aggregator has the same investment objectives as BXPE U.S. The consolidated financial statements of the Aggregator, including the Condensed Consolidated Schedules of Investments, are an integral part of BXPE U.S.’s financial statements and are included following these financial statements. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The term “Parallel Fund” refers to one or more parallel vehicles established by, or at the direction of, the Sponsor (as defined below) to invest alongside BXPE U.S., but excluding Blackstone Private Equity Strategies Fund SICAV (“BXPE Lux”). Parallel Funds may be established for certain investors with particular legal, tax, regulatory, compliance, structuring or certain other operational requirements to participate in the Aggregator. Parallel Funds may not have investment objectives and/or strategies that are identical to the investment objectives and strategies of BXPE U.S. or the Feeder. BXPE U.S., the Feeder, the Aggregator and any Parallel Funds collectively form “BXPE.” BXPE and BXPE Lux collectively form the “BXPE Fund Program,” but are operated as distinct investment structures. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE’s investment objectives are to deliver medium- to long-term capital appreciation and, to a lesser extent, generate modest current income. BXPE seeks to meet its investment objectives by investing primarily in privately negotiated, equity-oriented investments, leveraging the talent and investment capabilities of Blackstone Inc.’s (“Blackstone”) private equity platform to create an attractive portfolio of alternative investments diversified across geographies and sectors. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Investment operations commenced on January 2, 2024 (the “Initial Closing Date”) when BXPE U.S. and the Feeder first sold unregistered limited partnership units to third-party investors and began investment operations. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Blackstone Private Equity Strategies Associates L.P., a Delaware limited partnership, is the general partner (the “General Partner”) of BXPE U.S., the Feeder and the Aggregator. Overall responsibility for oversight of BXPE U.S. and the entities that carry out its investment objectives rests with the General Partner, subject to certain oversight rights held by BXPE U.S.’s board of directors (the “BXPE U.S. Board of Directors” or “BXPE U.S. Board”). The General Partner has delegated BXPE U.S.’s portfolio management function to Blackstone Private Investments Advisors L.L.C. (the “Investment Manager”). The Investment Manager has discretion to make investments on behalf of BXPE U.S. and is responsible for initiating, structuring and negotiating BXPE U.S.’s investments, as well as actively managing each investment to seek to maximize value. The Investment Manager and its affiliates also provide certain administrative services to BXPE U.S. The Investment Manager is a Delaware limited liability company and is registered with the United States Securities and Exchange Commission (the “SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended. The General Partner and the Investment Manager are individually and collectively referred to as the “Sponsor.” Both the General Partner and Investment Manager are subsidiaries of Blackstone. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2. Summary of Significant Accounting Policies </div></div></div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Basis of Presentation </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The accompanying financial statements of BXPE U.S. have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). BXPE U.S. is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, <div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Financial Services—Investment Companies</div></div> (“ASC 946”). Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the financial statements are presented fairly. </div></div><div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Use of Estimates </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements. Management believes that estimates made in preparing its financial statements are reasonable. Such estimates include those used in the valuation of the investment in the Aggregator, including the valuation of the Aggregator’s investments and financial instruments and the measurement of deferred tax balances (including valuation allowances, if any) at the Aggregator, and servicing fee accruals recognized as payables on certain BXPE U.S. Units by BXPE U.S. Actual results may ultimately differ from those estimates. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Principles of Consolidation </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In accordance with ASC 946, BXPE U.S. generally does not consolidate investments unless BXPE U.S. has a controlling financial interest in an investment company or operating company whose business consists of providing services to BXPE U.S. A controlling financial interest is defined as (a) the power to direct the activities of the investment company that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the investment company. BXPE U.S. determines whether it has a controlling financial interest in an investment company at such company’s inception and continuously reconsiders that conclusion. In instances where BXPE U.S. wholly owns another investment company, BXPE U.S. believes this would constitute a controlling interest and consolidation would be appropriate. For <div style="white-space: nowrap;display:inline;">non-wholly</div> owned interests in investment companies, BXPE U.S. assesses the nature of the investment structure and considers its interests in and <div style="display:inline;">governance</div> rights over the investment company to determine whether BXPE U.S. holds a controlling financial interest. Performance of that analysis requires the exercise of judgment. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. does not have a controlling financial interest in and, as a result, does not consolidate the Aggregator, nor any other reporting entities within BXPE, because (a) the General Partner is not acting solely on behalf of BXPE U.S. as it carries out its duties and (b) BXPE U.S. does not absorb essentially all of the Aggregator’s variability. At each reporting date, BXPE U.S. assesses whether it has a controlling financial interest in the Aggregator or any other reporting entities within BXPE, and any associated consolidation implications. </div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Valuation of Investments at Fair Value </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. has indirect exposure to gains and losses on underlying investments because it invests in the Aggregator. Valuations of investments held by the Aggregator are disclosed in the <div style="display:inline;">notes</div> to the Aggregator’s consolidated financial statements. For information regarding net realized and change in unrealized gains and losses on such investments held indirectly by BXPE U.S., see the Aggregator’s consolidated financial statements included following these financial statements and see Note 3. “Investments and Fair Value Measurement” in the “Notes to Consolidated Financial Statements” of the Aggregator for information regarding the valuation of investments. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. measures its investment in the Aggregator at fair value using the net asset value of the Aggregator. The net asset value of the Aggregator is considered a practical expedient that represents fair value as (a) the investment does not have a readily determinable fair value because the Aggregator’s net asset value is not published or the basis for current transactions, (b) the Aggregator is an investment company and (c) the net asset value of the Aggregator is calculated in a manner in which all of its investments are reported at fair value as of the measurement date. Changes in the fair value of BXPE U.S.’s investment in the Aggregator are presented within Net Change in Unrealized Gain (Loss) on Investment in the Aggregator in the Statements of Operations. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Cash and Cash Equivalents </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents represents cash on hand, cash held in banks and short-term, highly liquid investments with original maturities of three months or less. BXPE U.S. may have bank balances in excess of federally insured amounts; however, BXPE U.S. deposits its Cash and Cash Equivalents with high credit-quality institutions to minimize credit risk. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Income Taxes </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. is treated as a partnership for U.S. federal income tax purposes and therefore generally is not subject to any U.S. federal and state income taxes. Taxable income is allocated to BXPE U.S.’s unitholders. It is possible that BXPE U.S. may be considered a publicly traded partnership and not meet the qualifying income exception in certain years. In such a scenario, BXPE U.S. would be treated as a publicly traded partnership taxed as a corporation, rather than a partnership. The investors in BXPE U.S. would be treated as shareholders in a corporation, and BXPE U.S. itself would become taxable as a corporation for U.S. federal, state and/or local income tax purposes. BXPE U.S. would be required to pay income tax at corporate rates on its net taxable income. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Taxes </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">GAAP requires the asset and liability method of accounting for income taxes. Under this method, deferred taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Valuation allowances are established when BXPE U.S. determines it is more likely than not that some portion or all of the deferred tax asset will not be realized. BXPE U.S. assesses all available positive and negative evidence, including the amount and character of future taxable income. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Uncertain Tax Positions </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. recognizes uncertain tax positions when it is more likely than not that the position will be sustained by the taxing authorities, based on the technical <div style="display:inline;">merits</div> of the positions. The tax positions that meet the <div style="white-space: nowrap;display:inline;">more-likely-than-not</div> threshold are recognized based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. BXPE U.S. reevaluates its tax positions each period in which new information becomes available. BXPE U.S.’s policy is to recognize <div style="white-space: nowrap;display:inline;">tax-related</div> interest and penalties, if applicable, as a component of the provision for income taxes on the Statements of Operations. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Affiliates </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The General Partner, Investment Manager, Dealer Manager (as defined in Note 6. “Related Party Transactions”), the Feeder, Parallel Funds, the Aggregator, BXPE Lux and other vehicles sponsored, advised and/or managed by Blackstone or its affiliates are affiliates of BXPE U.S. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Segment Reporting </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. operates through a <div style="-sec-ix-hidden:hidden157005991;display:inline;">single</div> reportable segment. The chief operating decision make<div style="background-color:#ffffff;display:inline;">r </div></div><div style="background-color:#ffffff;display:inline;">(the “CODM”)</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"><div style="background-color:#ffffff;display:inline;"> is a g</div>roup consisting of the BXPE U.S.’s </div><div style="-sec-ix-hidden:hidden157006096;display:inline;">Chief Executive Officer</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> and </div><div style="-sec-ix-hidden:hidden157006097;display:inline;">Chief Financial Officer</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">. </div>The CODM assesses the performance of, allocates resources to and makes operating decisions for BXPE U.S. primarily based on BXPE U.S.’s Net Increase in Net Assets Resulting from Operations.<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> </div>Reportable segment assets are reflected on the accompanying Statements of Assets and Liabilities as Total Assets and reportable segment significant expenses reviewed by the CODM are listed on the accompanying Statements of Operations.</div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Basis of Presentation </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The accompanying financial statements of BXPE U.S. have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). BXPE U.S. is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, <div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Financial Services—Investment Companies</div></div> (“ASC 946”). Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the financial statements are presented fairly. </div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Use of Estimates </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements. Management believes that estimates made in preparing its financial statements are reasonable. Such estimates include those used in the valuation of the investment in the Aggregator, including the valuation of the Aggregator’s investments and financial instruments and the measurement of deferred tax balances (including valuation allowances, if any) at the Aggregator, and servicing fee accruals recognized as payables on certain BXPE U.S. Units by BXPE U.S. Actual results may ultimately differ from those estimates. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Principles of Consolidation </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In accordance with ASC 946, BXPE U.S. generally does not consolidate investments unless BXPE U.S. has a controlling financial interest in an investment company or operating company whose business consists of providing services to BXPE U.S. A controlling financial interest is defined as (a) the power to direct the activities of the investment company that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the investment company. BXPE U.S. determines whether it has a controlling financial interest in an investment company at such company’s inception and continuously reconsiders that conclusion. In instances where BXPE U.S. wholly owns another investment company, BXPE U.S. believes this would constitute a controlling interest and consolidation would be appropriate. For <div style="white-space: nowrap;display:inline;">non-wholly</div> owned interests in investment companies, BXPE U.S. assesses the nature of the investment structure and considers its interests in and <div style="display:inline;">governance</div> rights over the investment company to determine whether BXPE U.S. holds a controlling financial interest. Performance of that analysis requires the exercise of judgment. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. does not have a controlling financial interest in and, as a result, does not consolidate the Aggregator, nor any other reporting entities within BXPE, because (a) the General Partner is not acting solely on behalf of BXPE U.S. as it carries out its duties and (b) BXPE U.S. does not absorb essentially all of the Aggregator’s variability. At each reporting date, BXPE U.S. assesses whether it has a controlling financial interest in the Aggregator or any other reporting entities within BXPE, and any associated consolidation implications. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Valuation of Investments at Fair Value </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. has indirect exposure to gains and losses on underlying investments because it invests in the Aggregator. Valuations of investments held by the Aggregator are disclosed in the <div style="display:inline;">notes</div> to the Aggregator’s consolidated financial statements. For information regarding net realized and change in unrealized gains and losses on such investments held indirectly by BXPE U.S., see the Aggregator’s consolidated financial statements included following these financial statements and see Note 3. “Investments and Fair Value Measurement” in the “Notes to Consolidated Financial Statements” of the Aggregator for information regarding the valuation of investments. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. measures its investment in the Aggregator at fair value using the net asset value of the Aggregator. The net asset value of the Aggregator is considered a practical expedient that represents fair value as (a) the investment does not have a readily determinable fair value because the Aggregator’s net asset value is not published or the basis for current transactions, (b) the Aggregator is an investment company and (c) the net asset value of the Aggregator is calculated in a manner in which all of its investments are reported at fair value as of the measurement date. Changes in the fair value of BXPE U.S.’s investment in the Aggregator are presented within Net Change in Unrealized Gain (Loss) on Investment in the Aggregator in the Statements of Operations. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Cash and Cash Equivalents </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents represents cash on hand, cash held in banks and short-term, highly liquid investments with original maturities of three months or less. BXPE U.S. may have bank balances in excess of federally insured amounts; however, BXPE U.S. deposits its Cash and Cash Equivalents with high credit-quality institutions to minimize credit risk. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Income Taxes </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. is treated as a partnership for U.S. federal income tax purposes and therefore generally is not subject to any U.S. federal and state income taxes. Taxable income is allocated to BXPE U.S.’s unitholders. It is possible that BXPE U.S. may be considered a publicly traded partnership and not meet the qualifying income exception in certain years. In such a scenario, BXPE U.S. would be treated as a publicly traded partnership taxed as a corporation, rather than a partnership. The investors in BXPE U.S. would be treated as shareholders in a corporation, and BXPE U.S. itself would become taxable as a corporation for U.S. federal, state and/or local income tax purposes. BXPE U.S. would be required to pay income tax at corporate rates on its net taxable income. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Taxes </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">GAAP requires the asset and liability method of accounting for income taxes. Under this method, deferred taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Valuation allowances are established when BXPE U.S. determines it is more likely than not that some portion or all of the deferred tax asset will not be realized. BXPE U.S. assesses all available positive and negative evidence, including the amount and character of future taxable income. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Uncertain Tax Positions </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. recognizes uncertain tax positions when it is more likely than not that the position will be sustained by the taxing authorities, based on the technical <div style="display:inline;">merits</div> of the positions. The tax positions that meet the <div style="white-space: nowrap;display:inline;">more-likely-than-not</div> threshold are recognized based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. BXPE U.S. reevaluates its tax positions each period in which new information becomes available. BXPE U.S.’s policy is to recognize <div style="white-space: nowrap;display:inline;">tax-related</div> interest and penalties, if applicable, as a component of the provision for income taxes on the Statements of Operations. </div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Affiliates </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The General Partner, Investment Manager, Dealer Manager (as defined in Note 6. “Related Party Transactions”), the Feeder, Parallel Funds, the Aggregator, BXPE Lux and other vehicles sponsored, advised and/or managed by Blackstone or its affiliates are affiliates of BXPE U.S. </div></div></div> The CODM assesses the performance of, allocates resources to and makes operating decisions for BXPE U.S. primarily based on BXPE U.S.’s Net Increase in Net Assets Resulting from Operations. Reportable segment assets are reflected on the accompanying Statements of Assets and Liabilities as Total Assets and reportable segment significant expenses reviewed by the CODM are listed on the accompanying Statements of Operations. <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">3. Investment in the Aggregator </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. recognizes dividend income on the record date of distributions, if any, from the Aggregator. BXPE U.S. has an interest of 82.0% and 76.4% in the Aggregator as of December 31, 2025 and 2024, respectively. The remaining interest in the Aggregator is held by a Parallel Fund. BXPE U.S.’s interest in the Aggregator may result in BXPE U.S. indirectly holding investments of the Aggregator that, on a proportional basis, at times <div style="display:inline;">may</div> exceed 5% of the net assets of BXPE U.S. For a listing of investments that may proportionally exceed 5% of BXPE U.S.’s net assets, see the Condensed Consolidated Schedules of Investments of the Aggregator. </div></div> 0.82 0.764 0.05 0.05 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">4. Line of Credit Agreement </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">On November 3, 2023, BXPE U.S. (the “Borrower”) and BXPE Lux entered into an amended and restated unsecured, uncommitted line of credit agreement (as amended, the “A&amp;R Line of Credit”) with Blackstone Holdings Finance Co. L.L.C. (“Finco”) providing up to a maximum amount of $300.0 million. On August 14, 2025, the A&amp;R Line of Credit was amended (“Second A&amp;R Line of Credit”) for Finco to provide a maximum amount of $100.0 million to BXPE U.S. The Second A&amp;R Line of Credit expires on August 14, 2026, subject to <div style="white-space: nowrap;display:inline;">one-year</div> extension options requiring Finco approval. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Under the Second A&amp;R Line of Credit, the interest rate on the unpaid balance of the principal amount of each loan is the then-current borrowing rate offered by a third-party lender, or, if no such rate is available, the applicable Secured Overnight Financing Rate (“<div style="-sec-ix-hidden:hidden157005807;display:inline;">SOFR</div>”) plus 3.50%. Each advance under the Second A&amp;R Line of Credit is repayable on the earliest of (a) the expiration of the Second A&amp;R Line of Credit, (b) Finco’s demand or (c) the date on which the Investment Manager no longer acts as investment manager to the Borrower, provided that the Borrower will have 180 days to make such repayment in the cases of clauses (a) and (b) and 45 days to make such repayment in the case of clause (c). To the extent the Borrower has not repaid all loans and other obligations under the Second A&amp;R Line of Credit after a repayment event has occurred, the Borrowers are obligated to apply the net cash proceeds from its offering and any sale or other disposition of assets to the repayment of such loans and other obligations; provided that the Borrower will be permitted to (a) make distributions to avoid any entity level tax, (b) make payments to fulfill any redemption requests of the Borrower pursuant to any established unit redemption plans, (c) use funds to close any investment which the Borrower committed to prior to receiving a demand notice and (d) make distributions to its unitholders or shareholders at per <div style="display:inline;">U</div>nit or per share levels consistent with the immediately preceding fiscal quarter. The Second A&amp;R Line of Credit also permits voluntary <div style="white-space: nowrap;display:inline;">pre-payment</div> of principal and accrued interest without any penalty other than customary SOFR breakage costs. The Second A&amp;R Line of Credit contains customary events of default. As is customary in such financings, if an event of default occurs under the Second A&amp;R Line of Credit, Finco may accelerate the repayment of amounts outstanding under the Second A&amp;R Line of Credit and exercise other remedies subject, in certain instances, to the expiration of an applicable cure period. As of December 31, 2025 and December 31, 2024, BXPE U.S. had no borrowings or amounts outstanding under the Second A&amp;R Line of Credit. </div></div> 300000000 100000000 0.035 Each advance under the Second A&R Line of Credit is repayable on the earliest of (a) the expiration of the Second A&R Line of Credit, (b) Finco’s demand or (c) the date on which the Investment Manager no longer acts as investment manager to the Borrower, provided that the Borrower will have 180 days to make such repayment in the cases of clauses (a) and (b) and 45 days to make such repayment in the case of clause (c). 0 0 <div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5. Net Assets</div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S., at the direction of the General Partner, has the authority to issue an unlimited number of Units of each class, or series of a class. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025, BXPE U.S. offered four classes of limited partnership Units: Class I, Class S, Class D and Class N. As of December 31, 2024, no Class N Units were outstanding. The key differences among each class, or series of a class, of Units relate to the ongoing servicing fees, the upfront subscription fee and distribution channels. The term “Transactional NAV” refers to the price at which transactions in BXPE U.S. are made, calculated in accordance with a valuation policy that has been approved by the BXPE U.S. Board of Directors. The purchase price per Unit of each class, or series of a class, is equal to the Transactional NAV per Unit for such class, or series of a class, as of the last calendar day of the immediately preceding month. Before BXPE U.S. determined its first Transactional NAV, the initial subscription price for Units was $</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;">25.00</div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> per Unit plus applicable subscription fees that are paid by the unitholder outside its investment in BXPE U.S. and not reflected in BXPE U.S.’s Transactional NAV. The Transactional NAV for each class, or series of a class, of Units was first determined as of the end of the first full month after the Initial Closing Date. Thereafter, BXPE U.S.’s Transactional NAV is based on the <div style="white-space: nowrap;display:inline;">month-end</div> values of investments, the addition of the value of any other assets such as cash, the deduction of any liabilities and the deduction of expenses attributable to certain classes, or series of classes, such as applicable servicing fees. At the end of each month, BXPE U.S. allocates its Net Investment Income (Loss) and Net Change in Unrealized Gain (Loss) on Investment in the Aggregator across each class, or series of a class, of Units based on their relative ownership share in BXPE U.S. as of the first calendar day of that month. From time to time, the Sponsor, out of its own resources and without additional cost to BXPE or its investors, may offer other discounts, waivers or other incentives to investors. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Unit issuances related to monthly subscriptions are effective the first calendar day of each month. Units are issued at a price per Unit equivalent to BXPE U.S.’s most recent Transactional NAV per Unit available for each class, or series of a class, which is BXPE U.S.’s prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">month-end</div> Transactional NAV per Unit. </div><br/></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table presents transactions in the Units during the periods: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr> <td style="width: 85%;"></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class N</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2022 and December 31, 2023</div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2023</div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  96,366,858</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">66,141,178</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,523,878</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">165,031,914</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Conversion of Units Between Classes</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">621,521</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(446,033</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(177,771</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(2,283</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(59,449</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(33,829</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(93,278</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="-sec-ix-hidden:hidden157005980;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">96,932,930</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">65,661,316</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,346,107</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">164,940,353</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">96,932,930</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 65,661,316</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,346,107</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">164,940,353</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">88,968,375</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">46,242,760</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,010,703</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">      684,206</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 136,906,044</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Conversion of Units Between Classes</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">956,656</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(832,210</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(136,196</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(11,750</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(355,264</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(380,236</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(735,500</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="-sec-ix-hidden:hidden157005979;display:inline;">Units Outstanding as of December 31, 2025</div></div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">186,502,697</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">110,691,630</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   3,220,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">684,206</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div><br/></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">301,099,147</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table> <div style="clear: both; max-height: 0px;"></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Unit Redemption Plan </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">In accordance with the BXPE U.S. Partnership Agreement (as defined in Note 6. “Related Party Transactions”), BXPE U.S. expects to periodically redeem up to 3% of its Units outstanding per quarter (the “Unit Redemption Plan”). Under the Unit Redemption Plan, to the extent BXPE U.S. redeems Units in any particular quarter, BXPE U.S. expects to use a purchase price equal to the Transactional NAV per Unit as of the date specified in the Unit Redemption Plan. Any redemption requests of Units that have been outstanding for less than two years will be subject to an early redemption deduction equal to 5% of the value of such Transactional NAV of the Units being redeemed, subject to certain exceptions in the General Partner’s sole discretion (the “Early Redemption Deduction”). Any Early Redemption Deduction will be retained by BXPE U.S. for the benefit of all investors. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">In accordance with the Feeder Partnership Agreement, unitholders of the Feeder, as indirect holders of BXPE U.S., participate in BXPE U.S.’s Unit Redemption Plan under the same terms as direct unitholders of BXPE U.S. Accordingly, a redemption request by a unitholder of the Feeder will be satisfied by redeeming the same number of Units in BXPE U.S. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">If the quarterly volume limitation is reached in any particular calendar quarter or the General Partner determines to redeem fewer Units than have been requested to be redeemed in any particular calendar quarter, Units submitted for redemption during such quarter will be redeemed on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">a pro-rata basis</div> after BXPE U.S. has redeemed all Units for which redemption has been requested due to death, disability or divorce and other limited exceptions. Unsatisfied redemption requests will not be automatically carried over to the next redemption period and, in order for a redemption request to be reconsidered, unitholders must resubmit their request in the next available redemption window. </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"></div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The General Partner, with the approval of the Independent Directors, as applicable, may make exceptions to, modify or suspend the Unit Redemption Plan if, in its reasonable judgment, it deems such action to be in the best interest of BXPE U.S. and its unitholders (including the Feeder), including, but not limited to, for tax, regulatory or other structuring reasons. As a result, Unit redemptions may not be available each quarter, such as when redemptions would place an undue burden on BXPE U.S.’s liquidity, adversely affect its operations or pose a potential adverse impact on BXPE U.S. that would outweigh the benefit of the redemptions. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">During the years ended December 31, 2025 and 2024, 735,500 Units and 93,278 Units were redeemed for an aggregate value, net of the Early Redemption Deduction, of $22.5 million and $2.4 million, respectively, of which 249,811 Units and 8,450 Units at an aggregate value of $7.8 million and $0.2 million related to redemptions by the Feeder, respectively. </div></div></div> 25 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table presents transactions in the Units during the periods: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr> <td style="width: 85%;"></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class N</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2022 and December 31, 2023</div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2023</div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  96,366,858</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">66,141,178</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,523,878</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">165,031,914</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Conversion of Units Between Classes</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">621,521</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(446,033</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(177,771</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(2,283</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(59,449</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(33,829</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(93,278</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="-sec-ix-hidden:hidden157005980;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">96,932,930</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">65,661,316</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,346,107</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">164,940,353</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">96,932,930</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 65,661,316</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,346,107</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">164,940,353</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">88,968,375</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">46,242,760</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,010,703</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">      684,206</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 136,906,044</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Conversion of Units Between Classes</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">956,656</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(832,210</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(136,196</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(11,750</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(355,264</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(380,236</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(735,500</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="-sec-ix-hidden:hidden157005979;display:inline;">Units Outstanding as of December 31, 2025</div></div></div></div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">186,502,697</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">110,691,630</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   3,220,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">684,206</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div><br/></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">301,099,147</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table> 4000 4000 0 0 0 0 0 0 4000 4000 4000 0 0 0 4000 96366858 66141178 2523878 0 165031914 621521 -446033 -177771 0 -2283 59449 33829 0 0 93278 96932930 65661316 2346107 0 164940353 96932930 65661316 2346107 0 164940353 88968375 46242760 1010703 684206 136906044 956656 -832210 -136196 0 -11750 355264 380236 0 0 735500 186502697 110691630 3220614 684206 301099147 0.03 0.05 735500 93278 22500000 2400000 249811 8450 7800000 200000 <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">6. Related Party Transactions </div></div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Partnership Agreement </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. has entered into an amended and restated limited partnership agreement (as may be further amended and restated from time to time, the “BXPE U.S. Partnership Agreement”), with the General Partner. Under the terms of the BXPE U.S. Partnership Agreement, overall responsibility for BXPE U.S.’s oversight rests with the General Partner, subject to certain oversight rights held by the BXPE U.S. Board of Directors. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Performance Participation Allocation </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The General Partner receives a performance participation allocation (“Performance Participation Allocation”) by BXPE. Investors in BXPE U.S., the Feeder and any Parallel Funds indirectly bear a portion of the Performance Participation Allocation paid by the Aggregator, but such expenses are not duplicated at the Feeder, BXPE U.S. or Parallel Funds. For the years ended December 31, 2025 and 2024, BXPE U.S. was allocated $197.5 million and $62.9 million, respectively, of the Performance Participation Allocation recognized by the Aggregator. The Performance Participation Allocation is included as a component of Net Change in Unrealized Gain (Loss) on Investment in the Aggregator in the Statements of Operations. Refer to the Aggregator’s consolidated financial statements for more information regarding the Performance Participation Allocation. </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The General Partner elected to receive $22.7 million of BXPE’s accrued Performance Participation Allocation outstanding as of December 31, 2025 as equity of intermediate entities of the Aggregator. This equity was subsequently exchanged for 663,599 BXPE U.S. Class I units. </div></div></div><div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Investment Management Agreement </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. has entered into an investment management agreement with the Investment Manager, (as may be further amended and restated from time to time, the “Investment Management Agreement”). As part of carrying out its investment management services, the Investment Manager has entered, and may in the future enter, into <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-advisory,</div> or other similar arrangements, with other advisory subsidiaries of Blackstone. These <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-advisory</div> relationships do not affect the terms of the Investment Management Agreement. </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Management Fee </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In consideration for its investment management services, BXPE pays the Investment Manager a management fee (the “Management Fee”). Investors in BXPE U.S., the Feeder and any Parallel Funds indirectly bear a portion of the Management Fee paid by the Aggregator, but such expenses are not duplicated at BXPE U.S., the Feeder or Parallel Funds. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager agreed to waive the Management Fee for the first six months following the Initial Closing Date. Effective July 1, 2024, the Aggregator began accruing the Management Fee attributable to BXPE U.S. The Management Fee is included as a component of Net Change in Unrealized Gain (Loss) on Investment in the Aggregator in the Statements of Operations. Refer to the Aggregator’s consolidated financial statements for more information regarding the Management Fee.</div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">For the years ended December </div>31<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">, </div>2025<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> and </div>2024<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">, BXPE U.S. was allocated $</div>95.3<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> million and $</div>38.2<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> million of the gross Management Fee recognized by the Aggregator, of which $</div>0.2<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> million and $</div>13.5<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> million was waived by the Investment Manager for the years ended December </div>31<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">, </div>2025<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> and </div>2024<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">, respectively.</div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Administration Fee </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager and its affiliates provide administration services to BXPE, consistent with the BXPE U.S. Partnership Agreement and Investment Management Agreement. In consideration for its administrative services, the Investment Manager is entitled to receive an administration fee (the “Administration Fee”) payable by BXPE. Investors in BXPE U.S., the Feeder and any Parallel Funds indirectly bear a portion of the Administration Fee, paid by the Aggregator, but such expenses are not duplicated at BXPE U.S., the Feeder or Parallel Funds. For the years ended December 31, 2025 and 2024, BXPE U.S. was allocated $7.3 million and $3.1 million, respectively, of the Administration Fee recognized by the Aggregator. The Administration Fee is included as a component of Net Change in Unrealized Gain (Loss) on Investment in the Aggregator in the Statements of Operations. Refer to the Aggregator’s consolidated financial statements for more information regarding the Administration Fee. </div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Dealer Manager Agreement </div></div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. and the Feeder entered into a dealer manager agreement (as may be further amended and restated from time to time, the “Dealer Manager Agreement”) with Blackstone Securities Partners L.P. (the “Dealer Manager”), a broker-dealer registered with the SEC under the Securities Exchange Act of 1934, as amended, and a member of the Financial Industry Regulatory Authority. Pursuant to the Dealer Manager Agreement, the Dealer Manager manages BXPE U.S.’s relationships with third-party brokers engaged by the Dealer Manager to participate in the distribution of Units, which are referred to as participating brokers, and financial advisors. The Dealer Manager also coordinates BXPE U.S.’s marketing and distribution efforts with participating brokers and their registered representatives with respect to communications related to the terms of BXPE U.S.’s offering, its investment strategies, material aspects of its operations and subscription procedures. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Dealer Manager is entitled to receive unitholder servicing fees monthly in arrears at an annual rate of 0.85%, 0.25% and 0.50% of the value of BXPE U.S.’s Transactional NAV attributable to Class S, Class D and Class N Units, respectively, as of the last day of each month. In calculating the servicing fees, BXPE U.S. uses the Transactional NAV before giving effect to any accruals for the servicing fees, redemptions for that month and distributions, if any, payable on BXPE U.S.’s Units. There are no unitholder servicing fees with respect to Class I Units. The unitholder servicing fees are payable to the Dealer Manager, but the Dealer Manager anticipates that all of such fees will be retained by, or reallowed (paid) to, participating brokers or other financial intermediaries. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. accrues the cost of the unitholder servicing fees for the estimated life of the Units, as applicable, as a distribution cost at the time Class S, Class D and Class N Units are sold. Servicing Fees Payable as of December 31, 2025 and 2024 were $189.8 million and $107.0 million, respectively. As of December 31, 2024, no class N Units were outstanding. </div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Line of Credit </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Borrower entered into the Second A&amp;R Line of Credit with Finco. For additional information, see Note 4. “Line of Credit Agreement.” </div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Due to/from Affiliates </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Due to Affiliates is composed of cash advances made by Finco on behalf of BXPE U.S. for the payment of fund expenses. These amounts are intended to be cash reimbursed by BXPE U.S. and are <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-interest</div> bearing. Due from Affiliates is composed of balances owed to BXPE U.S. from other <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-consolidated</div> entities within BXPE. </div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE Lux </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE invests alongside BXPE Lux, a Luxembourg alternative investment fund available to investors primarily domiciled in countries of the European Economic Area, the United Kingdom, Switzerland, certain Asian jurisdictions and certain other jurisdictions. While BXPE and BXPE Lux have substantially similar investment objectives and strategies and are expected to have highly overlapping investment portfolios, BXPE and BXPE Lux are operated as distinct investment structures. </div></div></div> 197500000 62900000 22700000 663599 95300000 38200000 200000 13500000 7300000 3100000 0.0085 0.0025 0.005 189800000 189800000 107000000 107000000 <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">7. Commitments and Contingencies </div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Commitments </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For information regarding investment commitments, see the Aggregator’s consolidated financial statements. To the extent funded, these investments are expected to reside at the Aggregator but may be funded from BXPE U.S.’s available liquidity, including proceeds from the issuance of Units by BXPE U.S. and available borrowing capacity under the Second A&amp;R Line of Credit. For information regarding the Second A&amp;R Line of Credit, see Note 4. “Line <div style="display:inline;">of </div>Credit Agreement.” </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Contingencies </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. may, from time to time, be party to various legal matters arising in the ordinary course of business, including claims and litigation proceedings. As of December 31, 2025, BXPE U.S. was not subject to any material litigation nor was BXPE U.S. aware of any material litigation threatened against it. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Indemnifications </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In the normal course of business, BXPE U.S. enters into contracts that contain a variety of indemnification arrangements. BXPE U.S.’s exposure under these arrangements, if any, cannot be quantified. However, BXPE U.S. has not had any claims or losses pursuant to these indemnification arrangements and expects the potential for a material loss to be remote as of December 31, 2025. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">8. Income Taxes </div></div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Uncertain Tax Positions </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025 and 2024, BXPE U.S. is not aware of any uncertain tax positions that would require recognition in the financial statements. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">One Big Beautiful Bill Act </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law in the U.S., introducing a broad range of tax reform provisions affecting businesses, including extending and modifying certain key provisions of the Tax Cuts &amp; Jobs Act of 2017. In accordance with GAAP, the effects of the enacted tax law changes were recognized in the period of enactment. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></div> <div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></div> <div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The OBBBA did not change the U.S. federal corporate income tax rate. BXPE U.S. evaluated the provisions of the law and determined there was no remeasurement of the deferred tax assets and liabilities and that the OBBBA had no material impact to BXPE U.S.’s financial statements as of and for the year ended December 31, 2025. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">9. Financial Highlights </div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following financial highlights are calculated for the unitholders of BXPE U.S. as a whole and exclude data for the General Partner, except as otherwise noted herein. Calculation of these highlights on an individual unitholder basis may yield results that vary from those stated herein due to the timing of capital transactions and differing fee arrangements. As of December 31, <div style="display:inline;">2024</div>, no Class N Units were outstanding. BXPE U.S. <div style="display:inline;">had</div> not received subscriptions or commenced investing activities during the year ended December 31, 2023. </div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr> <td style="width: 84%;"></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="15" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div style="font-variant-ligatures: none;display:inline;"><div style="font-weight: bold;display:inline;">Year Ended December 31, 2025 (a)</div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class N</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.36</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">26.52</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">27.81</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Proceeds from Units Issued</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.00</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Net Investment Income (Loss)</div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investment in the Aggregator</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.36</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.29</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.31</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.87</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets Resulting from Investment Operations</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.35</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.28</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.30</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.87</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Servicing Fees</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.32</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.08</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(1.07</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.36</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.96</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.22</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.80</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">33.72</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31.48</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">33.03</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.80</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">186,502,697</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">110,691,630</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  3,220,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">    684,206</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Total Return Based on</div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Net Asset Value (b)</div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.89</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.71</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.77</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.20</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ratios to Weighted-Average Net Assets</div></div></div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Expenses without Waivers (c)</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses</div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><br/></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 9.5pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 88%;"><div style="display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;">  </div></td> <td colspan="11" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31, 2024 (a)</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 9.5pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; line-height: 9.5pt; font-size: 9.5pt;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">25.00</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Proceeds from Units Issued</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">25.00</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">25.00</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(0.02</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(0.02</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(0.02</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investment in the Aggregator</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.38</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets Resulting from Investment Operations</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.34</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.33</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Servicing Fees</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(1.82</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(0.53</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">1.52</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">2.81</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">28.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">26.52</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">27.81</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> 96,932,930</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> 65,661,316</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">  2,346,107</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Total Return Based on Net Asset Value (d)</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">13.44</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">6.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">11.22</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Ratios to Weighted-Average Net Assets</div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Expenses without Waivers (c)</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.12</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.12</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.14</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Warehousing Fees Waivers</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.04</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.04</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.05</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.08</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.08</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;text-indent: 0px;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 9.5pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Amounts may not add due to rounding. </div></div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9.5pt; font-family: Calibri; text-align: left; line-height: normal;">Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with BXPE U.S.’s distribution reinvestment plan) divided by the beginning Net Asset Value per Unit for Class I, Class S and Class D; and the initial Net Asset Value per Unit of $25.00 for Class N for December 31, 2025. Total return does not include upfront transaction fees, if any. </div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(c)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Expense ratio includes Professional Fees, Directors’ Fees, and Other. For the year ended December 31</div><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">, 2024</div><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">, the expense ratio also included Warehousing Fees.</div> </div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(d)</div></div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt; font-size: 9.5pt;display:inline;">Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with BXPE U.S.’s distribution reinvestment plan) divided by the initial Net Asset Value per Unit of $<div style="line-height: 9.5pt; font-size: 9.5pt;display:inline;"></div>25.00</div><div style="line-height: 9.5pt;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> for December 31</div><div style="line-height: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">, 2024</div><div style="line-height: 9.5pt;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">. Total return does not include upfront transaction fees, if any. </div></div></div></div></div></div> </td> </tr> </table> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following financial highlights are calculated for the unitholders of BXPE U.S. as a whole and exclude data for the General Partner, except as otherwise noted herein. Calculation of these highlights on an individual unitholder basis may yield results that vary from those stated herein due to the timing of capital transactions and differing fee arrangements. As of December 31, <div style="display:inline;">2024</div>, no Class N Units were outstanding. BXPE U.S. <div style="display:inline;">had</div> not received subscriptions or commenced investing activities during the year ended December 31, 2023. </div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr> <td style="width: 84%;"></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> <td style="width: 1%; vertical-align: bottom;"></td> <td></td> <td></td> <td></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="15" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;"><div style="font-variant-ligatures: none;display:inline;"><div style="font-weight: bold;display:inline;">Year Ended December 31, 2025 (a)</div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;">  </td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class N</div></div></div><br/> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.36</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">26.52</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">27.81</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Proceeds from Units Issued</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.00</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Net Investment Income (Loss)</div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investment in the Aggregator</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.36</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.29</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.31</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.87</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets Resulting from Investment Operations</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.35</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.28</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.30</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.87</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Servicing Fees</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.32</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.08</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(1.07</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.36</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.96</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.22</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.80</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">33.72</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">31.48</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">33.03</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.80</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">186,502,697</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">110,691,630</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  3,220,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">    684,206</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Total Return Based on</div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="margin-bottom: 0px; margin-top: 0px; line-height: normal;"> </div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Net Asset Value (b)</div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.89</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.71</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.77</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.20</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ratios to Weighted-Average Net Assets</div></div></div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Expenses without Waivers (c)</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses</div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.03</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.01</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">% </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><br/></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 9.5pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 88%;"><div style="display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> <td><div style="display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;">  </div></td> <td colspan="11" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31, 2024 (a)</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class I</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class S</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class D</div></div></div><br/><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 9.5pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; line-height: 9.5pt; font-size: 9.5pt;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">25.00</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Proceeds from Units Issued</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">25.00</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">25.00</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(0.02</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(0.02</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(0.02</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investment in the Aggregator</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.38</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets Resulting from Investment Operations</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.34</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.33</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Servicing Fees</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(1.82</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(0.53</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">) </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">3.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">1.52</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">2.81</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">28.36</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">26.52</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">27.81</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> 96,932,930</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> 65,661,316</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">  2,346,107</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Total Return Based on Net Asset Value (d)</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">13.44</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">6.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">11.22</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Ratios to Weighted-Average Net Assets</div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Expenses without Waivers (c)</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.12</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.12</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.14</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Warehousing Fees Waivers</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.04</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.04</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.05</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.08</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">0.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div></div> </td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.08</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> <td style="vertical-align: bottom; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">-0.09</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 9.5pt; font-size: 9.5pt;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">% </div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;text-indent: 0px;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 9.5pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Amounts may not add due to rounding. </div></div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9.5pt; font-family: Calibri; text-align: left; line-height: normal;">Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with BXPE U.S.’s distribution reinvestment plan) divided by the beginning Net Asset Value per Unit for Class I, Class S and Class D; and the initial Net Asset Value per Unit of $25.00 for Class N for December 31, 2025. Total return does not include upfront transaction fees, if any. </div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(c)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">Expense ratio includes Professional Fees, Directors’ Fees, and Other. For the year ended December 31</div><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">, 2024</div><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;">, the expense ratio also included Warehousing Fees.</div> </div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">(d)</div></div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-size: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt; font-size: 9.5pt;display:inline;">Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with BXPE U.S.’s distribution reinvestment plan) divided by the initial Net Asset Value per Unit of $<div style="line-height: 9.5pt; font-size: 9.5pt;display:inline;"></div>25.00</div><div style="line-height: 9.5pt;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;"> for December 31</div><div style="line-height: 9.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">, 2024</div><div style="line-height: 9.5pt;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 9.5pt;display:inline;">. Total return does not include upfront transaction fees, if any. </div></div></div></div></div></div> </td> </tr> </table> 28.36 26.52 27.81 0 0 0 0 25 -0.01 -0.01 -0.01 0 5.36 5.29 5.31 1.87 5.35 5.28 5.3 1.87 0 -0.32 -0.08 -1.07 5.36 4.96 5.22 0.8 33.72 31.48 33.03 25.8 186502697 110691630 3220614 684206 0.1889 0.1871 0.1877 0.032 0.0003 0.0003 0.0003 0.0001 0.0003 0.0003 0.0003 0.0001 -0.0003 -0.0003 -0.0003 -0.0001 25 0 0 0 25 25 -0.02 -0.02 -0.02 3.38 3.36 3.36 3.36 3.34 3.33 0 -1.82 -0.53 3.36 1.52 2.81 28.36 26.52 27.81 96932930 65661316 2346107 0.1344 0.0609 0.1122 0.0012 0.0012 0.0014 0.0004 0.0004 0.0005 0.0008 0.0009 0.0009 -0.0008 -0.0009 -0.0009 25 25 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">10. Subsequent Events </div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Except as noted below, there have been no events since December 31, 2025 that require recognition or disclosure in the financial statements. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">As of January 1, 2026, BXPE U.S. redesignated its existing Class I Units as </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-wrap-mode: nowrap; top: 0px;display:inline;">Class I-Series</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> I Units and designated two new series of Class I Units, </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-wrap-mode: nowrap; top: 0px;display:inline;">Class I-Series</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> II Units and </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-wrap-mode: nowrap; top: 0px;display:inline;">Class I-Series</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> III Units. </div>The redesignation did not result in any adjustments to the financial statements.</div> The redesignation did not result in any adjustments to the financial statements. 9256345000 4913264000 11435461000 5329357000 893757000 736141000 1041688000 832952000 293250000 114690000 473000 0 5190000 47182000 2326000 0 47712000 68349000 24767000 13712000 20004000 0 12870398000 6406242000 9616000 6261000 0 129000000 148186000 21151000 123071000 83602000 37563000 18209000 0 0 2951000 0 208873000 27121000 2968000 1457000 9681000 13257000 21116000 7037000 564025000 307095000 unlimited unlimited 364713006 364713006 214889732 214889732 12306373000 6099147000 unlimited unlimited 0 0 0 0 0 0 12306373000 6099147000 12870398000 6406242000 105788000 84801000 0 156741000 72233000 0 3099000 11180000 0 265628000 168214000 0 118249000 50230000 0 3277000 6594000 0 245109000 83603000 0 28539000 15238000 0 8564000 1065000 0 652000 2871000 0 9090000 4018000 0 5998000 0 0 499000 1272000 0 419977000 164891000 0 198000 16947000 0 0 187000 0 419779000 147757000 0 -154151000 20457000 0 164167000 28783000 0 -318318000 -8326000 0 106225000 -802000 0 1611247000 563371000 0 -45415000 47182000 0 202939000 -50482000 0 1874996000 559269000 0 1556678000 550943000 0 0 0 0 0 0 0 5560090000 0 5560090000 -8326000 0 -8326000 -802000 0 -802000 563371000 0 563371000 47182000 0 47182000 -50482000 0 -50482000 -11886000 0 -11886000 6099147000 0 6099147000 6099147000 0 6099147000 4723108000 0 4723108000 -318318000 0 -318318000 106225000 0 106225000 1611247000 0 1611247000 -45415000 0 -45415000 202939000 0 202939000 -72560000 0 -72560000 12306373000 0 12306373000 1556678000 550943000 0 106225000 -802000 0 1611247000 563371000 0 -45415000 47182000 0 202939000 -50482000 0 -41000 -153000 0 9216000 3936000 0 5505970000 7212559000 0 1084271000 1558766000 0 2326000 0 0 -47394000 64931000 0 20271000 17648000 0 20004000 0 0 3355000 6261000 0 -3576000 13257000 0 127035000 21151000 0 181752000 27121000 0 19354000 18209000 0 1511000 1457000 0 39469000 83602000 0 -4357067000 -5569551000 0 4723108000 5560090000 0 1428000000 532000000 0 1557000000 403000000 0 -58481000 -4849000 0 4535627000 5684241000 0 178560000 114690000 0 114690000 0 0 293250000 114690000 0 5701000 1897000 0 6240000 1027000 0 21116000 7037000 0 679239000 0.055 226583000 0.018 225064000 0.018 1130886000 0.092 1039903000 0.085 33404000 0.003 7929000 0.001 1081236000 0.088 419466000 0.034 10712000 0.001 491000 0 430669000 0.035 903363000 0.073 121672000 0.01 4017000 0 1029052000 0.084 615329000 0.05 32811000 0.003 648140000 0.053 11112526 694533000 0.056 427748000 0.035 2244000 0 1124525000 0.091 320566000 0.026 169192000 0.014 489758000 0.04 1055091000 0.086 77946000 0.006 14486000 0.001 1147523000 0.093 1202429000 0.098 264996000 0.022 1467425000 0.119 627031000 0.051 143027000 0.012 25141000 0.002 795199000 0.065 5410867000 1215599000 670646000 9344413000 0.759 342064000 0.028 342064000 0.028 6986000 0.001 6986000 0.001 128875000 0.01 128875000 0.01 1732000 0 1732000 0 404928000 0.033 404928000 0.033 364275000 384196000 5812000 884585000 0.072 137693000 0.011 137693000 0.011 158682000 0.013 16591000 0.001 175273000 0.014 154610000 0.013 3933000 0 158543000 0.013 66841000 0.005 66841000 0.005 73557000 0.006 20525000 0.002 94082000 0.008 278647000 0.023 21751000 0.002 4087000 0 304485000 0.025 52207000 0.004 52207000 0.004 19736000 0.002 3014000 0 22750000 0.002 166041000 0.013 166041000 0.013 21512000 0.002 7036000 0.001 28548000 0.002 1128361000 65498000 11091000 1206463000 0.098 1492636000 449694000 16903000 2091048000 0.17 9256345000 11435461000 0.929 34713000 0.003 34713000 0.003 26626000 0.002 26626000 0.002 88660000 0.007 88660000 0.007 214834000 0.017 214834000 0.017 123768000 0.01 123768000 0.01 233907000 0.019 229912000 0.019 463819000 0.038 88843000 0.007 88843000 0.007 425000 0 425000 0 622267000 19760000 251730000 1041688000 0.085 145513000 0.012 145513000 145513000 0.012 147737000 0.012 147737000 147737000 0.012 293250000 293250000 0.024 5041000 0 149000 0 473000 5190000 0 2951000 0 0 2951000 0 473000 2239000 0 10443825000 12772638000 1.038 367849000 0.06 192472000 0.032 560321000 0.092 265594000 0.044 265594000 0.044 29076000 0.005 6835000 0.001 415000 0 36326000 0.006 477512000 0.078 91662000 0.015 569174000 0.093 238892000 0.039 238892000 0.039 351339000 0.058 351339000 0.058 275315000 0.045 126253000 0.021 401568000 0.066 43118 362512000 0.059 547991000 0.09 14026000 0.002 924529000 0.152 190778000 0.031 180242000 0.03 371020000 0.061 62342 62862000 0.01 265028000 0.043 19240000 0.003 347130000 0.057 2104993000 1281707000 289911000 4065893000 0.667 82370000 0.014 82370000 0.014 280496000 0.046 104847000 0.017 385343000 0.063 37686000 0.006 5689000 0.001 43375000 0.007 101033000 0.017 3002000 0 104035000 0.017 47735000 0.008 3998000 0.001 51733000 0.008 143055000 0.023 16840000 0.003 4123000 0.001 164018000 0.027 50369000 0.008 50369000 0.008 5767000 0.001 5767000 0.001 79759000 0.013 79759000 0.013 198504000 211562000 0.035 26329000 29057000 0.005 56076000 0.009 296695000 0.049 925421000 301315000 9917000 1263464000 0.207 4913264000 5329357000 0.874 35439000 0.006 35439000 0.006 17720000 0.003 17720000 0.003 45005000 0.007 45005000 0.007 67977000 0.011 67977000 0.011 22749000 0.004 22749000 0.004 72790000 0.012 72790000 0.012 292513000 0.048 186001000 0.03 478514000 0.078 92758000 0.015 92758000 0.015 438673000 18823000 278645000 832952000 0.137 60283000 0.01 60283000 60283000 0.01 54407000 0.009 54407000 54407000 0.009 114690000 114690000 0.019 47182000 0.008 0 47182000 0.008 5764095000 6324181000 1.037 0 0.05 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">1. Organization </div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE US Aggregator (CYM) L.P. is a Cayman Islands exempted limited partnership formed on June 15, 2023. BXPE US Aggregator (CYM) L.P. with its consolidated subsidiaries collectively form the “Aggregator.” The Aggregator operates in accordance with the exempted limited partnership agreement (as may be further amended and restated from time to time, the “Aggregator Partnership Agreement”). </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Blackstone Private Equity Strategies Fund L.P. (“BXPE U.S.”) and Blackstone Private Equity Strategies Fund (TE) L.P. (together with its consolidated subsidiary, the “Feeder”) are private funds exempt from registration under Section 3(c)(7) of the Investment Company Act of 1940, as amended. BXPE U.S. and the Feeder are structured as a perpetual-life strategy with monthly, fully funded subscriptions and periodic redemptions. The Feeder invests all or substantially all of its assets in BXPE U.S. In turn, BXPE U.S. invests all or substantially all of its assets in the Aggregator. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The term “Parallel Fund” refers to one or more parallel vehicles established by, or at the direction of, the Sponsor (as defined below) to invest alongside BXPE U.S., but excluding Blackstone Private Equity Strategies Fund SICAV (“BXPE Lux”). Parallel Funds may be established to allow certain investors with particular legal, tax, regulatory, compliance, structuring or certain other operational requirements to participate in the Aggregator. Parallel Funds may not have investment objectives and/or strategies that are identical to the investment objectives and strategies of BXPE U.S. or the Feeder. Parallel Funds are expected to invest directly, or indirectly through one or more intermediate entities, into the Aggregator. BXPE U.S., the Feeder, the Aggregator and any Parallel Funds collectively form “BXPE.” BXPE and BXPE Lux collectively form the “BXPE Fund Program,” but are operated as distinct investment structures. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE’s investment objectives are to deliver medium- to long-term capital appreciation and, to a lesser extent, generate modest current income. BXPE seeks to meet its investment objectives by investing primarily in privately negotiated, equity-oriented investments, leveraging the talent and investment capabilities of Blackstone Inc.’s (“Blackstone”) private equity platform to create an attractive portfolio of alternative investments diversified across geographies and sectors. The Aggregator has the same investment objectives as BXPE U.S. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Investment operations commenced on January 2, 2024 (the “Initial Closing Date”) when BXPE U.S. and the Feeder first sold unregistered limited partnership units to third-party investors and subsequently invested those proceeds into the Aggregator, which, in turn, began investment operations. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Blackstone Private Equity Strategies Associates L.P., a Delaware limited partnership, is the general partner (the “General Partner”) of BXPE U.S., the Feeder and the Aggregator. Overall responsibility for oversight of the Feeder, BXPE U.S. and the entities that carry out their investment objectives rests with the General Partner, subject to certain oversight rights held by each of the Feeder’s board of directors (the “Feeder Board of Directors” or “Feeder Board”) and BXPE U.S.’s board of directors (the “BXPE U.S. Board of Directors” or “BXPE U.S. Board,” and together with the Feeder Board, the “Boards of Directors” or “Boards”), as applicable. The General Partner has delegated BXPE U.S.’s portfolio management function to Blackstone Private Investments Advisors L.L.C. (the “Investment Manager”). The Investment Manager has discretion to make investments on behalf of BXPE U.S. and is responsible for initiating, structuring and negotiating BXPE U.S.’s investments, as well as actively managing each investment to seek to maximize value. The Investment Manager and its affiliates also provide certain administrative services to BXPE U.S. The Investment Manager is a Delaware limited liability company and is registered with the United States Securities and Exchange Commission (the “SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended. The General Partner and the Investment Manager are individually and collectively referred to as the “Sponsor.” Both the General Partner and Investment Manager are subsidiaries of Blackstone. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2. Summary of Significant Accounting Policies </div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Basis of Presentation </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The accompanying consolidated financial statements of the Aggregator have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Aggregator is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, <div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Financial Services—Investment Companies</div></div>, (“ASC 946”). Accordingly, the Aggregator reflects its investments on the Consolidated Statements of Assets and Liabilities at their fair value with unrealized gains and losses resulting from changes in fair value of its investments reflected in Net Change in Unrealized Gain (Loss) on Investments on the Consolidated Statements of Operations. Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the consolidated financial statements are presented fairly. Certain reclassifications of prior periods’ amounts have been made to conform to the current period presentation. Such reclassifications had no effect on Net Increase in Net Assets Resulting from Operations. </div></div><div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Use of Estimates </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of the fair value of investments and financial instruments at the date of the consolidated financial statements. Management believes that estimates made in preparing its financial statements are reasonable. Assumptions and estimates regarding the valuation of investments involve a higher degree of judgment and complexity and these assumptions and estimates may be significant to the consolidated financial statements. Actual results may ultimately differ from those estimates. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Principles of Consolidation </div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">In accordance with ASC 946, the Aggregator generally does not consolidate its investment in a company unless the Aggregator has a controlling financial interest in (a) an investment company or (b) an operating company whose business consists of providing services to the Aggregator. Accordingly, the Aggregator consolidates wholly owned investment company subsidiaries where BXPE has the power to direct activities that most significantly impact such vehicles’ economic performance. All intercompany balances and transactions have been eliminated in consolidation. </div></div></div><div style="letter-spacing: 0px; top: 0px; background: none;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px; background: none; text-decoration: none;display:inline;"> </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair Value of Investments and Financial Instruments </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">ASC Topic 820, <div style="font-style: normal;display:inline;"><div style="font-style:italic;display:inline;">Fair Value Measurement</div></div> (“ASC 820”), establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is impacted by a number of factors, including the type of investment, the characteristics specific to the investment, and the state of the marketplace. Investments with readily available, actively quoted prices, or for which fair value can be measured from actively quoted prices, generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Investments measured and reported at fair value are classified and disclosed in one of the following categories: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">•</div></td> <td style="width: 2%; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Level I – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I are publicly traded securities in an active market. The Aggregator does not adjust the quoted price for these investments (to the extent it holds them) even in situations where the Aggregator holds a large position and a sale could reasonably impact the quoted price. </div></div></div></td></tr></table><div style="clear:both;max-height:0pt;"></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 2pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 5%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">•</div></td> <td style="width: 1%; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. The types of investments that would generally be included in this category include publicly traded securities with restrictions on disposition, certain convertible securities and certain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap;display:inline;">over-the-counter</div></div> derivatives where the fair value is based on observable inputs. </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 5%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">•</div></td> <td style="width: 1%; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Level III – Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. Fair value for these investments is determined using valuation methodologies that consider a range of factors, including, but not limited to, the price at which the investment was acquired, the nature of the investment, local market conditions, valuations for comparable companies, current and projected operating performance and financing transactions subsequent to the acquisition of the investment. The inputs into the determination of fair value require significant judgment. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed. Investments that are included in this category generally are privately held debt, equity and certain convertible securities. </div></div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Investment Manager’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments at Fair Value and Investments in Affiliated or Unaffiliated Investee Funds </div></div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Investments at Fair Value </div></div></div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator records public and private investments at trade date and closing date, respectively, and values its investments at fair value in accordance with ASC 820. Fair value is the amount that would be received to sell an asset or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. In the absence of observable market prices, the Aggregator’s investments are valued using valuation methodologies applied on a consistent basis as described below. Additional information regarding these investments is provided in Note 3. “Investments and Fair Value Measurement.” </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s determination of fair value is based on the best information available in the circumstances and incorporates the Aggregator’s own assumptions, including assumptions that the Aggregator believes market participants would use in valuing the investments, and involves a significant degree of judgment, taking into consideration a combination of internal and external factors, including appropriate risk adjustments for <div style="white-space: nowrap;display:inline;">non-performance</div> and liquidity. The values estimated by the Aggregator may differ significantly from values that would have been used had a readily available market for the investments existed and the differences could be material to the consolidated financial statements. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Under the income approach, which is generally the Aggregator’s primary valuation approach, fair value is determined by converting future amounts, such as cash flows or earnings, discounted to a single present amount using current market expectations about those future amounts. In determining fair value under this approach, the Aggregator makes assumptions over a projection period regarding unobservable inputs such as revenues, operating income, capital expenditures, income taxes, working capital needs and the terminal value and exit multiple of the investee company, among other things. The Aggregator discounts those projected cash flows by deriving a discount rate based on a capital structure similar to that of a market participant using observable inputs</div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="display:inline;">such as the rate of return available in the market on an investment free of default risk, an equity risk premium to reflect the additional risk of a market portfolio of equity instruments over risk-free instruments, beta as a measure of risk based on share price correlation to the market, and equity and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap;display:inline;">debt-to-capital</div></div> ratios of companies deemed comparable to the investee company. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Under the market approach, which is generally the Aggregator’s secondary valuation approach, fair value may be determined by reference to a recent transaction involving the investment or by reference to observable valuation measures for companies or assets that are determined by the Aggregator to be comparable, such as multiplying a key performance metric of the investee company, such as earnings before interest and taxes or other performance metric, by a relevant valuation multiple observed in the range of comparable companies or transactions, adjusted by the Aggregator for differences between the investment and the referenced comparables. Observable inputs used in the market approach to derive a valuation multiple may include the public prices for securities issued by, and the relevant performance metrics of, companies deemed comparable to the investee company, and/or transaction prices involving significant equity interests in companies deemed comparable to the investee company. Unobservable inputs used in the market approach may include the key performance metric of the investee company, such as earnings before interest, taxes, depreciation and amortization (“EBITDA”). </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;">Investments may also be valued at their acquisition price for a period of time after an acquisition as the best measure of fair value in the absence of any conditions or circumstances that would indicate otherwise. In the event of an announced sale of investments with a definitive agreement in place, investments may also be valued using a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap;display:inline;">discount-to-sale</div></div> approach as the primary method with emphasis given to certain considerations including, but not limited to unitholder approval, regulatory approval, financing, completion of due diligence and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">break-up</div> fees. Minority investments in companies where BXPE has limited information rights may also be valued using a recent round of financing as the primary method considering the nature of the transaction, the rights and privileges of the investments subject to the transaction and any changes in the investment that have occurred since the transaction. </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments in debt securities that are not listed on an exchange, but for which external pricing sources, such as dealer quotes or independent pricing services may be available, are valued by the Aggregator after considering, among other factors, such external pricing sources, recent trading activity or market transactions of similar securities adjusted for security-specific factors such as relative capital structure priority and interest and yield risks. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Derivative instruments are valued based on contractual cash flows and observable inputs generally comprising of yield curves and foreign currency rates. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Publicly traded investments in active markets are reported at the market closing price, less a discount, as appropriate, as determined by the Aggregator to reflect restrictions on disposition where such restrictions are an attribute of the investment. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Convertible preferred investments may be valued using an option pricing model based on the specific terms of the security, including but not limited to, the publicly traded share price of the common shares or units in active markets as of the reporting date, <div style="white-space: nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">preferred-in-kind</div></div> dividend rate, relative yield and other adjustments to the common shares or units, as well as restrictions related to timing of conversion, as applicable, or actual trades of the convertible preferred investment. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Investments in Affiliated or Unaffiliated Investee Funds </div></div></div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Investments in Blackstone-affiliated investee funds (“Investments in Affiliated Investee Funds”) or unaffiliated investee funds are generally valued using the reported net asset value (“NAV” or “Net Asset Value”) of the investee funds as a practical expedient for fair value. If the Aggregator determines, based on its own due diligence, investment fair value policies and investment monitoring procedures, that NAV does not represent fair value or if the investee fund is not an investment company, such as a collateralized loan obligation vehicle, the Aggregator will estimate the fair value of an investment in good faith and in a manner that it reasonably chooses, in accordance with its valuation policies. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Derivative Instruments </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator recognizes derivative instruments as assets or liabilities at fair value in its Consolidated Statements of Assets and Liabilities as Derivative Assets at Fair Value and Derivative Liabilities at Fair Value, respectively. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">The Aggregator recognizes changes in fair value of derivative instruments in current period earnings. For derivative financial positions that are closed or that mature during a reporting period, the Aggregator recognizes realized gains or losses equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it is closed. Realized gains and losses are presented net in Net Realized Gain (Loss) on Investments and Derivative Instruments on the Consolidated Statements of Operations. Changes in the value of contracts that remain outstanding as of period end are measured based on the difference between the unrealized balance as of the beginning of the reporting period and the unrealized balance as of the end of the reporting period, net of any reversals of previously recorded unrealized gains or losses once realized. Unrealized gains and losses are presented net in Net Change in Unrealized Gain (Loss) on Derivative Instruments on the Consolidated Statements of Operations.</div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator has elected to not offset derivative assets and liabilities in its Consolidated Statements of Assets and Liabilities, including cash, that may be received or paid as part of collateral arrangements, even when an enforceable master netting agreement is in place that provides the Aggregator, in the event of counterparty default, the right to liquidate collateral and the right to offset a counterparty’s rights and obligations. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s other disclosures regarding derivative instruments are discussed in Note 4. “Derivative Instruments.” </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Cash and Cash Equivalents </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents represents cash on hand, cash held in banks, money market funds, Treasury <div style="display:inline;">Bills</div> and short-term, highly liquid investments with original maturities of three months or less. Interest income from Cash and Cash Equivalents is recorded in Interest Income in the Consolidated Statements of Operations. The Aggregator may have bank balances in excess of federally insured amounts; however, the Aggregator deposits its Cash and Cash Equivalents with high credit-quality institutions to minimize credit risk. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Performance Participation Allocation, Administration Fee and Management Fee Payables </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For more information regarding these payables reported on the Consolidated Statements of Assets and Liabilities, see Note 7. “Related Party Transactions.” </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Foreign Currency </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In the normal course of business, the Aggregator makes investments in <div style="white-space: nowrap;display:inline;">non-U.S.</div> dollar currency investments. <div style="white-space: nowrap;display:inline;">Non-U.S.</div> dollar denominated assets and liabilities are translated to U.S. dollars at the prevailing exchange rate at the reporting date and income, expenses, gains and losses are translated at the prevailing exchange rates at the respective transaction dates. Translation adjustments arising from the translation of <div style="white-space: nowrap;display:inline;">non-U.S.</div> dollar denominated assets and liabilities are recorded in Net Change in Unrealized Gain (Loss) on Translation of Assets and Liabilities in Foreign Currencies on the Consolidated Statements of Operations. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Net Realized and Unrealized Gain (Loss) on Investments </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator recognizes net realized gains (losses) on investments when earned at the time of receipt of proceeds. Without regard to unrealized gains or losses previously recognized, realized gains or losses will be measured as the difference between the net proceeds from the sale, repayment or disposal of an asset and the adjusted cost basis of the asset. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investments is the change in fair value of its underlying investments. Net change in unrealized gains or losses will reflect the change in investment values during the reporting period, including any reversal of previously recorded unrealized gains or losses when gains or losses are realized. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Income Recognition </div></div></div><div style="letter-spacing: 0px; top: 0px; background: none;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px; background: none; text-decoration: none;display:inline;"> </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator recognizes interest income from investments when earned pursuant to the terms of the respective investment. The Aggregator recognizes dividend income from its investments when declared. In the case of proceeds received from investments, the Aggregator determines the character of such proceeds and records any interest income, dividend income, realized gain or loss, or return of capital <div style="display:inline;">accordingly</div>. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Organizational and Offering Expenses </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Prior to the Initial Closing Date, organizational and offering expenses were paid by the Investment Manager. After BXPE U.S. and the Feeder first accepted third-party investors and commenced investment operations, costs associated with the organization of BXPE were expensed. Costs associated with the offering of BXPE U.S. and the Feeder are capitalized as a deferred expense and included as an asset on the Consolidated Statements of Assets and Liabilities and amortized over a twelve-month period. Organization and offering expenses are borne by the Aggregator since the expenses benefit all investors that invest through BXPE U.S., the Feeder or any Parallel Fund. Organizational expenses are reported in Organizational Expenses and offering expenses are reported in Deferred Offering Costs Amortization on the Consolidated Statements of Operations. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Management Fees Offset and Waived </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager agreed to waive the Management Fee (as defined in Note 7. “Related Party Transactions”) for the first six months following the Initial Closing Date. The waived Management Fees are reported in Management Fees Waived on the Consolidated Statements of Operations. </div></div><div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;">As described in the Investment Management Agreement (as defined in Note 7. “Related Party Transactions”), the Management Fee shall be reduced (but not below zero) by an amount equal to the respective unitholder’s <div style="white-space:nowrap;display:inline;">pro-rata</div> share of 100% of the net <div style="white-space:nowrap;display:inline;">break-up,</div> topping, commitment, transaction, monitoring, directors’, organization and divestment fees and management and performance fees borne by BXPE through secondary market purchases of existing investments in investment funds and other vehicles or accounts managed or advised by Blackstone from time to time (other than Parallel Funds, Feeder Funds and alternative vehicles), and any successors thereto, in each case, including any alternative vehicles formed in connection therewith, any supplemental capital vehicle formed in connection with any investments made thereby and any vehicles formed in connection with Blackstone’s side-by-side or additional general partner investments relating thereto, including BXPE Lux (“Other Blackstone Accounts”) (excluding secondary investments in Other Blackstone Accounts that were made as part of the portfolio transaction) paid to the Investment Manager or its affiliates in connection with BXPE’s investments. These fees, when recognized, are presented as Management Fees Waived. Refer to Note 7. “Related Party Transactions” for more information. </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri;text-align:right"><div style="font-variant-ligatures:none;display:inline;">302 </div></div><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;"><div style="font-weight:bold;display:inline;">Expense Support </div></div></div><div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;">The Investment Manager voluntarily agreed to pay certain expenses on behalf of BXPE such that the total expenses borne by BXPE (excluding interest expense, organization and offering expenses, servicing fees, the Performance Participation Allocation (as defined in Note 7. “Related Party Transactions”) and taxes) do not exceed a certain threshold. The amount of expenses the Investment Manager has agreed to pay pursuant to this arrangement is reported in Expense Support on the Consolidated Statements of Operations. Refer to Note 7. “Related Party Transactions” for more information. </div></div><div style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;"><div style="font-weight:bold;display:inline;">Income Taxes </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The Aggregator is treated as a <div style="display:inline;">partnership </div>for U.S. federal and state income tax purposes and is not directly subject to U.S. federal and state income taxes. It is possible that the Aggregator may be considered a publicly traded partnership and not meet the qualifying income exception in certain years. In such a scenario, the Aggregator would be treated as a publicly traded partnership taxed as a corporation, rather than a partnership. The investors in the Aggregator would be treated as shareholders in a corporation, and the Aggregator itself would become taxable as a corporation for U.S. federal, state and/or local income tax purposes. The Aggregator would be required to pay income tax at corporate rates on its net taxable income. Additionally, the Aggregator owns a controlling interest in several subsidiaries that are treated as corporations for U.S. and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-U.S.</div> tax purposes (“Aggregator Corporations”) which are subject to U.S. federal, state and/or local income taxes. </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">To the extent investments made by the </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-wrap-mode: nowrap; top: 0px;display:inline;">non-U.S.</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> subsidiaries are engaged in a U.S. trade or business, the subsidiaries will generally be subject to a U.S. federal corporate income tax of </div>21<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% of its share of taxable income effectively connected with the conduct of a U.S. trade or business and may be subject to additional branch profits tax of </div>30<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% of its share of effectively connected earnings and profits, adjusted as provided by law. The subsidiaries may also be subject to state and local taxes. Federal and state income taxes are <div style="display:inline;">expected </div>to be withheld at the source of the U.S. trade or business and taxes withheld can be used as a credit against the income tax liability of the subsidiaries.</div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Taxes </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">GAAP requires the asset and liability method of accounting for income taxes. Under this method, deferred taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Valuation allowances are established where the Aggregator determines it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Aggregator assesses all available positive and negative evidence, including the amount and character of future taxable income. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Uncertain Tax Positions </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator recognizes uncertain tax positions when it is more likely than not that the position will be sustained by the taxing authorities, based on the technical merits of the positions. The tax positions that meet the <div style="white-space: nowrap;display:inline;">more-likely-than-not</div> threshold are recognized based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Aggregator reevaluates its tax positions each period in which new information becomes available. The Aggregator’s policy is to recognize tax related interest and penalties, if applicable, as a component of the Provision for Taxes on the Consolidated Statements of Operations. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Affiliates </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The General Partner, Investment Manager, Blackstone Securities Partners L.P. (the “Dealer Manager”), BXPE U.S., the Feeder, Parallel Funds, BXPE Lux and other vehicles sponsored, advised and/or managed by Blackstone or its affiliates are affiliates of the Aggregator. </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Basis of Presentation </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The accompanying consolidated financial statements of the Aggregator have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Aggregator is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, <div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Financial Services—Investment Companies</div></div>, (“ASC 946”). Accordingly, the Aggregator reflects its investments on the Consolidated Statements of Assets and Liabilities at their fair value with unrealized gains and losses resulting from changes in fair value of its investments reflected in Net Change in Unrealized Gain (Loss) on Investments on the Consolidated Statements of Operations. Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the consolidated financial statements are presented fairly. Certain reclassifications of prior periods’ amounts have been made to conform to the current period presentation. Such reclassifications had no effect on Net Increase in Net Assets Resulting from Operations. </div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Use of Estimates </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of the fair value of investments and financial instruments at the date of the consolidated financial statements. Management believes that estimates made in preparing its financial statements are reasonable. Assumptions and estimates regarding the valuation of investments involve a higher degree of judgment and complexity and these assumptions and estimates may be significant to the consolidated financial statements. Actual results may ultimately differ from those estimates. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Principles of Consolidation </div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">In accordance with ASC 946, the Aggregator generally does not consolidate its investment in a company unless the Aggregator has a controlling financial interest in (a) an investment company or (b) an operating company whose business consists of providing services to the Aggregator. Accordingly, the Aggregator consolidates wholly owned investment company subsidiaries where BXPE has the power to direct activities that most significantly impact such vehicles’ economic performance. All intercompany balances and transactions have been eliminated in consolidation. </div></div></div><div style="letter-spacing: 0px; top: 0px; background: none;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px; background: none; text-decoration: none;display:inline;"> </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair Value of Investments and Financial Instruments </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">ASC Topic 820, <div style="font-style: normal;display:inline;"><div style="font-style:italic;display:inline;">Fair Value Measurement</div></div> (“ASC 820”), establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is impacted by a number of factors, including the type of investment, the characteristics specific to the investment, and the state of the marketplace. Investments with readily available, actively quoted prices, or for which fair value can be measured from actively quoted prices, generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Investments measured and reported at fair value are classified and disclosed in one of the following categories: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">•</div></td> <td style="width: 2%; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Level I – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I are publicly traded securities in an active market. The Aggregator does not adjust the quoted price for these investments (to the extent it holds them) even in situations where the Aggregator holds a large position and a sale could reasonably impact the quoted price. </div></div></div></td></tr></table><div style="clear:both;max-height:0pt;"></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 2pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 5%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">•</div></td> <td style="width: 1%; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. The types of investments that would generally be included in this category include publicly traded securities with restrictions on disposition, certain convertible securities and certain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap;display:inline;">over-the-counter</div></div> derivatives where the fair value is based on observable inputs. </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 5%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">•</div></td> <td style="width: 1%; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Level III – Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. Fair value for these investments is determined using valuation methodologies that consider a range of factors, including, but not limited to, the price at which the investment was acquired, the nature of the investment, local market conditions, valuations for comparable companies, current and projected operating performance and financing transactions subsequent to the acquisition of the investment. The inputs into the determination of fair value require significant judgment. Due to the inherent uncertainty of these estimates, these values may differ materially from the values that would have been used had a ready market for these investments existed. Investments that are included in this category generally are privately held debt, equity and certain convertible securities. </div></div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Investment Manager’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments at Fair Value and Investments in Affiliated or Unaffiliated Investee Funds </div></div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Investments at Fair Value </div></div></div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator records public and private investments at trade date and closing date, respectively, and values its investments at fair value in accordance with ASC 820. Fair value is the amount that would be received to sell an asset or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. In the absence of observable market prices, the Aggregator’s investments are valued using valuation methodologies applied on a consistent basis as described below. Additional information regarding these investments is provided in Note 3. “Investments and Fair Value Measurement.” </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s determination of fair value is based on the best information available in the circumstances and incorporates the Aggregator’s own assumptions, including assumptions that the Aggregator believes market participants would use in valuing the investments, and involves a significant degree of judgment, taking into consideration a combination of internal and external factors, including appropriate risk adjustments for <div style="white-space: nowrap;display:inline;">non-performance</div> and liquidity. The values estimated by the Aggregator may differ significantly from values that would have been used had a readily available market for the investments existed and the differences could be material to the consolidated financial statements. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Under the income approach, which is generally the Aggregator’s primary valuation approach, fair value is determined by converting future amounts, such as cash flows or earnings, discounted to a single present amount using current market expectations about those future amounts. In determining fair value under this approach, the Aggregator makes assumptions over a projection period regarding unobservable inputs such as revenues, operating income, capital expenditures, income taxes, working capital needs and the terminal value and exit multiple of the investee company, among other things. The Aggregator discounts those projected cash flows by deriving a discount rate based on a capital structure similar to that of a market participant using observable inputs</div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="display:inline;">such as the rate of return available in the market on an investment free of default risk, an equity risk premium to reflect the additional risk of a market portfolio of equity instruments over risk-free instruments, beta as a measure of risk based on share price correlation to the market, and equity and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap;display:inline;">debt-to-capital</div></div> ratios of companies deemed comparable to the investee company. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Under the market approach, which is generally the Aggregator’s secondary valuation approach, fair value may be determined by reference to a recent transaction involving the investment or by reference to observable valuation measures for companies or assets that are determined by the Aggregator to be comparable, such as multiplying a key performance metric of the investee company, such as earnings before interest and taxes or other performance metric, by a relevant valuation multiple observed in the range of comparable companies or transactions, adjusted by the Aggregator for differences between the investment and the referenced comparables. Observable inputs used in the market approach to derive a valuation multiple may include the public prices for securities issued by, and the relevant performance metrics of, companies deemed comparable to the investee company, and/or transaction prices involving significant equity interests in companies deemed comparable to the investee company. Unobservable inputs used in the market approach may include the key performance metric of the investee company, such as earnings before interest, taxes, depreciation and amortization (“EBITDA”). </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;">Investments may also be valued at their acquisition price for a period of time after an acquisition as the best measure of fair value in the absence of any conditions or circumstances that would indicate otherwise. In the event of an announced sale of investments with a definitive agreement in place, investments may also be valued using a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap;display:inline;">discount-to-sale</div></div> approach as the primary method with emphasis given to certain considerations including, but not limited to unitholder approval, regulatory approval, financing, completion of due diligence and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">break-up</div> fees. Minority investments in companies where BXPE has limited information rights may also be valued using a recent round of financing as the primary method considering the nature of the transaction, the rights and privileges of the investments subject to the transaction and any changes in the investment that have occurred since the transaction. </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments in debt securities that are not listed on an exchange, but for which external pricing sources, such as dealer quotes or independent pricing services may be available, are valued by the Aggregator after considering, among other factors, such external pricing sources, recent trading activity or market transactions of similar securities adjusted for security-specific factors such as relative capital structure priority and interest and yield risks. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Derivative instruments are valued based on contractual cash flows and observable inputs generally comprising of yield curves and foreign currency rates. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Publicly traded investments in active markets are reported at the market closing price, less a discount, as appropriate, as determined by the Aggregator to reflect restrictions on disposition where such restrictions are an attribute of the investment. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Convertible preferred investments may be valued using an option pricing model based on the specific terms of the security, including but not limited to, the publicly traded share price of the common shares or units in active markets as of the reporting date, <div style="white-space: nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">preferred-in-kind</div></div> dividend rate, relative yield and other adjustments to the common shares or units, as well as restrictions related to timing of conversion, as applicable, or actual trades of the convertible preferred investment. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Investments in Affiliated or Unaffiliated Investee Funds </div></div></div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Investments in Blackstone-affiliated investee funds (“Investments in Affiliated Investee Funds”) or unaffiliated investee funds are generally valued using the reported net asset value (“NAV” or “Net Asset Value”) of the investee funds as a practical expedient for fair value. If the Aggregator determines, based on its own due diligence, investment fair value policies and investment monitoring procedures, that NAV does not represent fair value or if the investee fund is not an investment company, such as a collateralized loan obligation vehicle, the Aggregator will estimate the fair value of an investment in good faith and in a manner that it reasonably chooses, in accordance with its valuation policies. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Derivative Instruments </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator recognizes derivative instruments as assets or liabilities at fair value in its Consolidated Statements of Assets and Liabilities as Derivative Assets at Fair Value and Derivative Liabilities at Fair Value, respectively. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">The Aggregator recognizes changes in fair value of derivative instruments in current period earnings. For derivative financial positions that are closed or that mature during a reporting period, the Aggregator recognizes realized gains or losses equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it is closed. Realized gains and losses are presented net in Net Realized Gain (Loss) on Investments and Derivative Instruments on the Consolidated Statements of Operations. Changes in the value of contracts that remain outstanding as of period end are measured based on the difference between the unrealized balance as of the beginning of the reporting period and the unrealized balance as of the end of the reporting period, net of any reversals of previously recorded unrealized gains or losses once realized. Unrealized gains and losses are presented net in Net Change in Unrealized Gain (Loss) on Derivative Instruments on the Consolidated Statements of Operations.</div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator has elected to not offset derivative assets and liabilities in its Consolidated Statements of Assets and Liabilities, including cash, that may be received or paid as part of collateral arrangements, even when an enforceable master netting agreement is in place that provides the Aggregator, in the event of counterparty default, the right to liquidate collateral and the right to offset a counterparty’s rights and obligations. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s other disclosures regarding derivative instruments are discussed in Note 4. “Derivative Instruments.” </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Cash and Cash Equivalents </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents represents cash on hand, cash held in banks, money market funds, Treasury <div style="display:inline;">Bills</div> and short-term, highly liquid investments with original maturities of three months or less. Interest income from Cash and Cash Equivalents is recorded in Interest Income in the Consolidated Statements of Operations. The Aggregator may have bank balances in excess of federally insured amounts; however, the Aggregator deposits its Cash and Cash Equivalents with high credit-quality institutions to minimize credit risk. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Performance Participation Allocation, Administration Fee and Management Fee Payables </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For more information regarding these payables reported on the Consolidated Statements of Assets and Liabilities, see Note 7. “Related Party Transactions.” </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Foreign Currency </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In the normal course of business, the Aggregator makes investments in <div style="white-space: nowrap;display:inline;">non-U.S.</div> dollar currency investments. <div style="white-space: nowrap;display:inline;">Non-U.S.</div> dollar denominated assets and liabilities are translated to U.S. dollars at the prevailing exchange rate at the reporting date and income, expenses, gains and losses are translated at the prevailing exchange rates at the respective transaction dates. Translation adjustments arising from the translation of <div style="white-space: nowrap;display:inline;">non-U.S.</div> dollar denominated assets and liabilities are recorded in Net Change in Unrealized Gain (Loss) on Translation of Assets and Liabilities in Foreign Currencies on the Consolidated Statements of Operations. </div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Net Realized and Unrealized Gain (Loss) on Investments </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator recognizes net realized gains (losses) on investments when earned at the time of receipt of proceeds. Without regard to unrealized gains or losses previously recognized, realized gains or losses will be measured as the difference between the net proceeds from the sale, repayment or disposal of an asset and the adjusted cost basis of the asset. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss) on Investments is the change in fair value of its underlying investments. Net change in unrealized gains or losses will reflect the change in investment values during the reporting period, including any reversal of previously recorded unrealized gains or losses when gains or losses are realized. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Income Recognition </div></div></div><div style="letter-spacing: 0px; top: 0px; background: none;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px; background: none; text-decoration: none;display:inline;"> </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator recognizes interest income from investments when earned pursuant to the terms of the respective investment. The Aggregator recognizes dividend income from its investments when declared. In the case of proceeds received from investments, the Aggregator determines the character of such proceeds and records any interest income, dividend income, realized gain or loss, or return of capital <div style="display:inline;">accordingly</div>. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Organizational and Offering Expenses </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Prior to the Initial Closing Date, organizational and offering expenses were paid by the Investment Manager. After BXPE U.S. and the Feeder first accepted third-party investors and commenced investment operations, costs associated with the organization of BXPE were expensed. Costs associated with the offering of BXPE U.S. and the Feeder are capitalized as a deferred expense and included as an asset on the Consolidated Statements of Assets and Liabilities and amortized over a twelve-month period. Organization and offering expenses are borne by the Aggregator since the expenses benefit all investors that invest through BXPE U.S., the Feeder or any Parallel Fund. Organizational expenses are reported in Organizational Expenses and offering expenses are reported in Deferred Offering Costs Amortization on the Consolidated Statements of Operations. </div></div> P12M <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Management Fees Offset and Waived </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager agreed to waive the Management Fee (as defined in Note 7. “Related Party Transactions”) for the first six months following the Initial Closing Date. The waived Management Fees are reported in Management Fees Waived on the Consolidated Statements of Operations. </div></div><div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;">As described in the Investment Management Agreement (as defined in Note 7. “Related Party Transactions”), the Management Fee shall be reduced (but not below zero) by an amount equal to the respective unitholder’s <div style="white-space:nowrap;display:inline;">pro-rata</div> share of 100% of the net <div style="white-space:nowrap;display:inline;">break-up,</div> topping, commitment, transaction, monitoring, directors’, organization and divestment fees and management and performance fees borne by BXPE through secondary market purchases of existing investments in investment funds and other vehicles or accounts managed or advised by Blackstone from time to time (other than Parallel Funds, Feeder Funds and alternative vehicles), and any successors thereto, in each case, including any alternative vehicles formed in connection therewith, any supplemental capital vehicle formed in connection with any investments made thereby and any vehicles formed in connection with Blackstone’s side-by-side or additional general partner investments relating thereto, including BXPE Lux (“Other Blackstone Accounts”) (excluding secondary investments in Other Blackstone Accounts that were made as part of the portfolio transaction) paid to the Investment Manager or its affiliates in connection with BXPE’s investments. These fees, when recognized, are presented as Management Fees Waived. Refer to Note 7. “Related Party Transactions” for more information. </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> 1 <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;"><div style="font-weight:bold;display:inline;">Expense Support </div></div></div><div style="margin-top:10pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;">The Investment Manager voluntarily agreed to pay certain expenses on behalf of BXPE such that the total expenses borne by BXPE (excluding interest expense, organization and offering expenses, servicing fees, the Performance Participation Allocation (as defined in Note 7. “Related Party Transactions”) and taxes) do not exceed a certain threshold. The amount of expenses the Investment Manager has agreed to pay pursuant to this arrangement is reported in Expense Support on the Consolidated Statements of Operations. Refer to Note 7. “Related Party Transactions” for more information. </div></div> <div style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Calibri"><div style="font-variant-ligatures:none;display:inline;"><div style="font-weight:bold;display:inline;">Income Taxes </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The Aggregator is treated as a <div style="display:inline;">partnership </div>for U.S. federal and state income tax purposes and is not directly subject to U.S. federal and state income taxes. It is possible that the Aggregator may be considered a publicly traded partnership and not meet the qualifying income exception in certain years. In such a scenario, the Aggregator would be treated as a publicly traded partnership taxed as a corporation, rather than a partnership. The investors in the Aggregator would be treated as shareholders in a corporation, and the Aggregator itself would become taxable as a corporation for U.S. federal, state and/or local income tax purposes. The Aggregator would be required to pay income tax at corporate rates on its net taxable income. Additionally, the Aggregator owns a controlling interest in several subsidiaries that are treated as corporations for U.S. and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-U.S.</div> tax purposes (“Aggregator Corporations”) which are subject to U.S. federal, state and/or local income taxes. </div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">To the extent investments made by the </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; text-wrap-mode: nowrap; top: 0px;display:inline;">non-U.S.</div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> subsidiaries are engaged in a U.S. trade or business, the subsidiaries will generally be subject to a U.S. federal corporate income tax of </div>21<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% of its share of taxable income effectively connected with the conduct of a U.S. trade or business and may be subject to additional branch profits tax of </div>30<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% of its share of effectively connected earnings and profits, adjusted as provided by law. The subsidiaries may also be subject to state and local taxes. Federal and state income taxes are <div style="display:inline;">expected </div>to be withheld at the source of the U.S. trade or business and taxes withheld can be used as a credit against the income tax liability of the subsidiaries.</div></div> 0.21 0.30 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Taxes </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">GAAP requires the asset and liability method of accounting for income taxes. Under this method, deferred taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Valuation allowances are established where the Aggregator determines it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Aggregator assesses all available positive and negative evidence, including the amount and character of future taxable income. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Uncertain Tax Positions </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator recognizes uncertain tax positions when it is more likely than not that the position will be sustained by the taxing authorities, based on the technical merits of the positions. The tax positions that meet the <div style="white-space: nowrap;display:inline;">more-likely-than-not</div> threshold are recognized based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Aggregator reevaluates its tax positions each period in which new information becomes available. The Aggregator’s policy is to recognize tax related interest and penalties, if applicable, as a component of the Provision for Taxes on the Consolidated Statements of Operations. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Affiliates </div></div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The General Partner, Investment Manager, Blackstone Securities Partners L.P. (the “Dealer Manager”), BXPE U.S., the Feeder, Parallel Funds, BXPE Lux and other vehicles sponsored, advised and/or managed by Blackstone or its affiliates are affiliates of the Aggregator. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">3. Investments and Fair Value Measurement </div></div></div></div> <div style="text-align: center;"> <div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table summarizes the valuation of the Aggregator’s investments by the fair value hierarchy levels: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 80%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="19" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2025</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level I</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level II</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level III</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">NAV</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Assets</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents</div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash Held at Banks</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">147,737</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">—</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">147,737</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Money Market Fund</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">145,513</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">145,513</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Cash and Cash Equivalents</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">293,250</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">293,250</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Equity Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">9,288,581</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">55,832</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">9,344,413</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Debt Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Private</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">884,585</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">884,585</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Liquids</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,195,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">10,849</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,206,463</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Debt Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,195,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">895,434</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,091,048</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,195,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">10,184,015</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">55,832</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">11,435,461</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments in Affiliated Investee Funds</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,041,688</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,041,688</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Derivative Assets</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,190</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,190</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">   293,250</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  1,200,804</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 10,184,015</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  1,097,520</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 12,775,589</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bolder;display:inline;width:100%;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Liabilities</div></div></div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Derivative Liabilities</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,951</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,951</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> </div> </div> <div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-align: center;"> <div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 80%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="19" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2024</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level I</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level II</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level III</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">NAV</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Assets</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents</div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash Held at Banks</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">54,407</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">54,407</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Money Market Fund</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">60,283</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">60,283</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Cash and Cash Equivalents</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">114,690</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">114,690</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Equity Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,768</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,028,240</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">34,885</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,065,893</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Debt Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">722,180</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">541,284</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,263,464</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">724,948</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,569,524</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">34,885</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,329,357</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments in Affiliated Investee Funds</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">248,934</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">584,018</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">832,952</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Derivative Assets</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  114,690</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">    772,130</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  4,818,458</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">    618,903</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  6,324,181</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> </div> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The Aggregator may hold equity securities that are subject to sale restrictions that are contractual or legal in nature and are deemed an attribute of the holder rather than the investment. Contractual restrictions <div style="display:inline;">may </div>include, but are not limited to, (a) consent-rights or event-based transfer restrictions imposed by third parties, (b) underwriter <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">lock-ups</div> and (c) sale or transfer restrictions applicable to investments pledged as collateral. Restrictions will generally lapse over time or after a predetermined date. As of December 31, 2025, there were no equity securities subject to sale restrictions within the Aggregator’s Level I and II assets. <div style="display:inline;">The </div>Aggregator’s Level III equity securities are generally illiquid and privately negotiated in nature and may also be subject to contractual sale or transfer restrictions including those pursuant to their respective governing or similar agreements. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table summarizes the quantitative inputs and assumptions used for valuation of investments categorized in Level III of the fair value hierarchy as of December <div style="display:inline;">31</div>, 2025: </div></div><br/></div> <div style="text-align: center;"> <div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> </div> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 84%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> Fair Value </div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Valuation</div></div></div></div></div> <div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Techniques</div></div></div></div></div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Unobservable Inputs</div></div></div></div></div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ranges</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> Weighted-<br/>  Average</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Impact to<br/>Valuation<br/>from an<br/>Increase<br/> in Input </div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Financial Assets</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 84%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments</div></div></div> </td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 84%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Equity Investments</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">8,339,888</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Discounted Cash Flows</div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">WACC</div></td> <td style="vertical-align: bottom; width: 1%; padding: 0px;"> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="text-align: center; vertical-align: top; white-space: nowrap;">7.2% - 30.4%</td> <td style="text-align: center; vertical-align: top; white-space: nowrap;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: top; white-space: nowrap; text-align: center;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">16.4<div style="display:inline;">%</div></div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Lower</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 84%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; width: 3%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Exit Multiple</div></td> <td style="vertical-align: bottom; width: 1%; padding: 0px;"> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">7.6x - 24x</div></div></td> <td style="text-align: center; vertical-align: top; white-space: nowrap;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: top; white-space: nowrap; text-align: center;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">16.5x</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Higher</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 84%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">662,275</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Recent Round of Financing</div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">n/a</div></td> <td style="vertical-align: bottom; width: 1%; padding: 0px;"> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top; text-align: center;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> </tr> <tr> <td style="vertical-align: top; width: 84%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;">286,418</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;">Transaction Pricing</div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;">n/a</div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> <div> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="text-align: center; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="text-align: center; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0); text-align: center;"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 84%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Debt Investments - Private</div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">884,585</div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Discounted Cash Flows</div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">WACC</div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="text-align: center; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);">7.9% - 15.3%</td> <td style="text-align: center; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: center;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">11.8<div style="display:inline;">%</div></div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;"> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Lower</div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 84%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Debt Investments - Liquids</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">10,849</div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0); width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Third-Party Pricing</div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0); width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">n/a</div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 84%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 84%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Investments</div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">10,184,015</div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 84%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 84%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);">  10,184,015</td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 84%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> </tr> </table> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table summarizes the quantitative inputs and assumptions used for valuation of investments categorized in Level III of the fair value hierarchy as of December 31, 2024: </div></div></div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 9.5pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 86%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 9.5pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair Value</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="text-align: center; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Valuation</div></div></div></div></div><div style="text-align: center; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Techniques</div></div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="text-align: center; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Unobservable</div></div></div></div></div><div style="text-align: center; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Inputs</div></div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ranges</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> Weighted- </div><br/>Average</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Impact to<br/>Valuation<br/>from an<br/>Increase<br/> in Input </div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 9.5pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Financial Assets</div></div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 9.5pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments</div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;">Equity Investments</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,645,852</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Discounted Cash Flows</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">WACC</td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">9.3% - 31.4%</div></td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">Lower</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Exit Multiple</td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">7.6x - 22.0x</div></td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">   15.8x</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">Higher</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">382,388</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Transactional Value</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">n/a</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;">Debt Investments</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">541,284</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Discounted Cash Flows</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">WACC</td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8.4% - 15.3%</div></td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">Lower</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1px"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;">Total Investments</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,569,524</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;">Investments in Affiliated Investee Funds</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">203,929</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Third-Party Pricing</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">n/a</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">45,005</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Discounted Cash Flows</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">WACC</td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">Lower</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1px"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">  4,818,458</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> </div></div> </div></div> <div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Calibri; font-size:9.5pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:17%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:82%"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top">n/a</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top">Not applicable.</td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top">WACC</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top">Weighted-Average Cost of Capital.</td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top">Exit Multiple</td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top">Ranges include the last twelve months EBITDA multiples and the next twelve months forward EBITDA multiples.</td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Third-Party Pricing</div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:top">Third-Party Pricing is generally determined on the basis of unadjusted prices between market participants provided by reputable dealers or pricing services.</td></tr></table> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following tables present changes in the fair value of investments for which Level III inputs were used to determine the fair value: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 8.5pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 66%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="35" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level III Financial Assets at Fair Value</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="35" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="19" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="15" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Debt</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Debt</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Affiliated</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Affiliated</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Equity</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investee</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Equity</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Debt</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investee</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">- Private</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">- Liquid</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Funds</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Funds</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Balance, Beginning of Period</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> 4,028,240</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">   541,284</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">   248,934</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,818,458</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Purchases</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,041,080</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">296,918</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">10,809</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,348,807</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">3,805,347</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">558,423</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">225,775</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,589,545</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Sales and Proceeds from Investments</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(413,347</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(60,574</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(473,921</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(162,158</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(40,490</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(202,648</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Transfer Into Level III (a)</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">45,005</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">45,005</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Transfer Out of Level III (a)</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(64,680</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(248,934</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(313,614</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="-sec-ix-hidden:hidden157006151;display:inline;"><div style="-sec-ix-hidden:hidden157006150;display:inline;">Change in Gain (Loss) Included in Net Assets</div></div></div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">1,652,283</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">106,957</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">40</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">1,759,280</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">385,051</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">23,351</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">23,159</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">431,561</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Balance, End of Period</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">9,288,581</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">884,585</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">10,849</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">10,184,015</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,028,240</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">541,284</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">248,934</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,818,458</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Changes in <div style="-sec-ix-hidden:hidden157003298;display:inline;"><div style="-sec-ix-hidden:hidden157006152;display:inline;">Unrealized Gain (Loss)</div></div> Included in Earnings Related to Financial Assets Still Held at the Reporting Date</div></div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">1,652,283</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">106,957</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">40</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">1,759,280</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">385,051</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">23,351</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">23,159</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">431,561</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;text-indent: 0px;"> </div></div></div></div></div> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left">(a)</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Calibri; text-align: left; line-height: normal;">For the year ended December 31, 2025, the transfers out of Level III financial assets were primarily due to a change of observability of inputs used in the valuation of such assets as well as a Level III investee fund investment transferring into Level III Equity Investments. </div></td></tr></table> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">NAV as a Practical Expedient </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The table below summarize<div style="display:inline;">s</div> investments that estimate the fair value of an investment using NAV as a practical expedient. This includes investment information such as investment strategy, or industry, unfunded commitments (if applicable) and the fair value of the respective investment(s). As of December 31, 2025 and 2024, a majority of these investments may not be redeemed at or within three months of the reporting date and certain investments may not be sold without a general partner’s consent. Certain investments cannot be redeemed and distributions received will be a result of income and/or sales of underlying assets of each investment; however, an estimate of the period of time over which the underlying assets are expected to be liquidated for such investments cannot be made. </div></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table summarizes investments that estimate the fair value of an investment using NAV as a practical expedient: </div></div></div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> </div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 92%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 88%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2025</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2024</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">NAV as a Practical Expedient Investments</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Unfunded<br/>  Commitment  </div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Fair Value</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Unfunded</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> Commitment  </div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Fair Value</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Affiliated Investee Funds (a)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">803,755</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,041,688</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">169,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">584,018</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Equity Investments (b)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">34,104</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">55,832</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">34,885</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">837,859</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,097,520</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">169,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">618,903</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> </div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Affiliated Investee Funds included each primarily invest across certain industries including Energy, Financial Services, Infrastructure, Software, Secondaries, Specialty Finance, Technology &amp; Services <div style="display:inline;">and </div>Various. </div></div></td></tr></table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Equity Investments included primarily invest in Financial Services and Technology &amp; Services. </div></div></td></tr></table> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Summarized Financial Information of Unconsolidated Significant Investments </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">In-scope</div> equity investments related to unconsolidated significant investments include equity investments of the Aggregator that may be considered majority-owned subsidiaries and are not consolidated as defined <div style="display:inline;">by </div>guidance from the SEC. As of and for the years ended December 31, 2025 and 2024, no individual equity investments and no equity investments in the aggregate held by the Aggregator have met the significance conditions. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table summarizes the valuation of the Aggregator’s investments by the fair value hierarchy levels: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 80%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="19" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2025</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level I</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level II</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level III</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">NAV</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Assets</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents</div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash Held at Banks</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">147,737</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">—</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">147,737</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Money Market Fund</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">145,513</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">145,513</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Cash and Cash Equivalents</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">293,250</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">293,250</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Equity Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">9,288,581</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">55,832</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">9,344,413</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Debt Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Private</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">884,585</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">884,585</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Liquids</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,195,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">10,849</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,206,463</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Debt Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,195,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">895,434</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,091,048</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,195,614</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">10,184,015</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">55,832</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">11,435,461</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments in Affiliated Investee Funds</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,041,688</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,041,688</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Derivative Assets</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,190</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,190</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">   293,250</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  1,200,804</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 10,184,015</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  1,097,520</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 12,775,589</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bolder;display:inline;width:100%;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Liabilities</div></div></div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Derivative Liabilities</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,951</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,951</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 80%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="19" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2024</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level I</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level II</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level III</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">NAV</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Assets</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash and Cash Equivalents</div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Cash Held at Banks</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">54,407</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">54,407</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Money Market Fund</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">60,283</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">60,283</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Cash and Cash Equivalents</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">114,690</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">114,690</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Equity Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,768</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,028,240</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">34,885</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,065,893</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Debt Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">722,180</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">541,284</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,263,464</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Investments</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">724,948</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,569,524</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">34,885</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,329,357</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments in Affiliated Investee Funds</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">248,934</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">584,018</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">832,952</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Derivative Assets</div></div> </td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  114,690</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">    772,130</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  4,818,458</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">    618,903</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;">  6,324,181</td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> 147737000 147737000 145513000 145513000 293250000 293250000 9288581000 55832000 9344413000 884585000 884585000 1195614000 10849000 1206463000 1195614000 895434000 2091048000 1195614000 10184015000 55832000 11435461000 1041688000 1041688000 5190000 5190000 293250000 1200804000 10184015000 1097520000 12775589000 2951000 2951000 54407000 54407000 60283000 60283000 114690000 114690000 2768000 4028240000 34885000 4065893000 722180000 541284000 1263464000 724948000 4569524000 34885000 5329357000 248934000 584018000 832952000 47182000 47182000 114690000 772130000 4818458000 618903000 6324181000 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table summarizes the quantitative inputs and assumptions used for valuation of investments categorized in Level III of the fair value hierarchy as of December <div style="display:inline;">31</div>, 2025: </div></div><br/></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><br/></div> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 84%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> Fair Value </div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Valuation</div></div></div></div></div> <div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Techniques</div></div></div></div></div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"> <div style="text-align: center; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Unobservable Inputs</div></div></div></div></div> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ranges</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> Weighted-<br/>  Average</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Impact to<br/>Valuation<br/>from an<br/>Increase<br/> in Input </div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Financial Assets</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 84%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments</div></div></div> </td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 84%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Equity Investments</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap;"> $</td> <td style="text-align: right; vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">8,339,888</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Discounted Cash Flows</div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">WACC</div></td> <td style="vertical-align: bottom; width: 1%; padding: 0px;"> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="text-align: center; vertical-align: top; white-space: nowrap;">7.2% - 30.4%</td> <td style="text-align: center; vertical-align: top; white-space: nowrap;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: top; white-space: nowrap; text-align: center;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">16.4<div style="display:inline;">%</div></div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Lower</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 84%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; width: 3%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Exit Multiple</div></td> <td style="vertical-align: bottom; width: 1%; padding: 0px;"> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space:nowrap;display:inline;">7.6x - 24x</div></div></td> <td style="text-align: center; vertical-align: top; white-space: nowrap;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: top; white-space: nowrap; text-align: center;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">16.5x</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Higher</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 84%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">662,275</div></td> <td style="vertical-align: top; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Recent Round of Financing</div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">n/a</div></td> <td style="vertical-align: bottom; width: 1%; padding: 0px;"> </td> <td style="vertical-align: bottom;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top; text-align: center;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> <td style="vertical-align: top;"></td> </tr> <tr> <td style="vertical-align: top; width: 84%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;">286,418</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> </div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;">Transaction Pricing</div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;">n/a</div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> <div> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="text-align: center; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="text-align: center; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0); text-align: center;"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div> </div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 84%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Debt Investments - Private</div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">884,585</div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Discounted Cash Flows</div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">WACC</div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="text-align: center; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);">7.9% - 15.3%</td> <td style="text-align: center; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); text-align: center;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">11.8<div style="display:inline;">%</div></div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;"> </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Lower</div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 84%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Debt Investments - Liquids</div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">10,849</div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0); width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Third-Party Pricing</div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0); width: 3%;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">n/a</div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 84%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 84%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Investments</div></div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">10,184,015</div></td> <td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> <td style="vertical-align: top; background-color: rgb(204, 238, 255);"></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 84%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 84%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> $</td> <td style="text-align: right; vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);">  10,184,015</td> <td style="vertical-align: top; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: top; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 84%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 3%;"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="line-height: normal; margin-bottom: 0px; margin-top: 0px;"> </div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); width: 1%;"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> </tr> </table><div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div></div><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="clear: both; max-height: 0px;"></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-align: center;"><div style="text-align: left; margin-right: auto; margin-left: auto; max-width: 100%;"><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table summarizes the quantitative inputs and assumptions used for valuation of investments categorized in Level III of the fair value hierarchy as of December 31, 2024: </div></div></div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 9.5pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 86%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 9.5pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair Value</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="text-align: center; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Valuation</div></div></div></div></div><div style="text-align: center; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Techniques</div></div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="text-align: center; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Unobservable</div></div></div></div></div><div style="text-align: center; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Inputs</div></div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ranges</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> Weighted- </div><br/>Average</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Impact to<br/>Valuation<br/>from an<br/>Increase<br/> in Input </div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 9.5pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Financial Assets</div></div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 9.5pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 9.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Investments</div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;">Equity Investments</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,645,852</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Discounted Cash Flows</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">WACC</td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">9.3% - 31.4%</div></td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">17.9%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">Lower</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Exit Multiple</td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">7.6x - 22.0x</div></td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">   15.8x</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">Higher</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">382,388</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Transactional Value</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">n/a</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;">Debt Investments</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">541,284</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Discounted Cash Flows</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">WACC</td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">8.4% - 15.3%</div></td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">12.5%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">Lower</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1px"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;">Total Investments</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,569,524</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;">Investments in Affiliated Investee Funds</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">203,929</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Third-Party Pricing</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">n/a</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">45,005</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">Discounted Cash Flows</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap">WACC</td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:center">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">10.3%</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">Lower</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1px"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td> <td style="vertical-align:top"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">  4,818,458</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr></table> </div></div> </div></div> <div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> 8339888000 Discounted Cash Flows WACC 7.2 30.4 16.4 Lower Exit Multiple 7.6 24 16.5 Higher 662275000 Recent Round of Financing 286418000 Transaction Pricing 884585000 Discounted Cash Flows WACC 7.9 15.3 11.8 Lower 10849000 Third-Party Pricing 10184015000 10184015000 3645852000 Discounted Cash Flows WACC 9.3 31.4 17.9 Lower Exit Multiple 7.6 22 15.8 Higher 382388000 Transactional Value 541284000 Discounted Cash Flows WACC 8.4 15.3 12.5 Lower 4569524000 203929000 Third-Party Pricing 45005000 Discounted Cash Flows WACC 10.3 10.3 Lower 4818458000 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following tables present changes in the fair value of investments for which Level III inputs were used to determine the fair value: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 8.5pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 66%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="35" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Level III Financial Assets at Fair Value</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="35" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="19" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="15" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Debt</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Debt</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Affiliated</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Affiliated</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Equity</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investee</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Equity</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Debt</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investee</div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">- Private</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">- Liquid</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Funds</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Funds</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Balance, Beginning of Period</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> 4,028,240</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">   541,284</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">   248,934</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,818,458</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Purchases</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,041,080</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">296,918</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">10,809</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,348,807</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">3,805,347</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">558,423</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">225,775</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,589,545</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Sales and Proceeds from Investments</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(413,347</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(60,574</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(473,921</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(162,158</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(40,490</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(202,648</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Transfer Into Level III (a)</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">45,005</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">45,005</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; line-height: 8.5pt; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Transfer Out of Level III (a)</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(64,680</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(248,934</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">(313,614</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">) </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; font-size: 8.5pt;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="-sec-ix-hidden:hidden157006151;display:inline;"><div style="-sec-ix-hidden:hidden157006150;display:inline;">Change in Gain (Loss) Included in Net Assets</div></div></div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">1,652,283</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">106,957</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">40</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">1,759,280</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">385,051</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">23,351</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">23,159</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">431,561</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Balance, End of Period</div></div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">9,288,581</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">884,585</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">10,849</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">10,184,015</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,028,240</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">541,284</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">248,934</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">4,818,458</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 8.5pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;">Changes in <div style="-sec-ix-hidden:hidden157003298;display:inline;"><div style="-sec-ix-hidden:hidden157006152;display:inline;">Unrealized Gain (Loss)</div></div> Included in Earnings Related to Financial Assets Still Held at the Reporting Date</div></div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">1,652,283</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">106,957</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">40</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">—</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">1,759,280</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">385,051</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">23,351</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">23,159</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;">431,561</div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0); line-height: 8.5pt; font-size: 8.5pt;"><div style="font-size: 8.5pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px; line-height: 8.5pt;display:inline;"> </div></div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;text-indent: 0px;"> </div><div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left">(a)</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Calibri; text-align: left; line-height: normal;">For the year ended December 31, 2025, the transfers out of Level III financial assets were primarily due to a change of observability of inputs used in the valuation of such assets as well as a Level III investee fund investment transferring into Level III Equity Investments. </div></td></tr></table> 4028240000 541284000 0 248934000 4818458000 0 0 0 0 4041080000 296918000 10809000 0 4348807000 3805347000 558423000 225775000 4589545000 413347000 60574000 0 0 473921000 162158000 40490000 0 202648000 45005000 0 0 0 45005000 0 0 0 0 64680000 0 0 248934000 313614000 0 0 0 0 1652283000 106957000 40000 0 1759280000 385051000 23351000 23159000 431561000 9288581000 884585000 10849000 0 10184015000 4028240000 541284000 248934000 4818458000 1652283000 106957000 40000 0 1759280000 385051000 23351000 23159000 431561000 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table summarizes investments that estimate the fair value of an investment using NAV as a practical expedient: </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 92%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 88%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2025</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2024</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; white-space: nowrap; padding-bottom: 0.5pt;"><div style="font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1pt solid rgb(0, 0, 0); display: table-cell; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">NAV as a Practical Expedient Investments</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Unfunded<br/>  Commitment  </div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Fair Value</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Unfunded</div></div><br/><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"> Commitment  </div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Fair Value</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Affiliated Investee Funds (a)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">803,755</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,041,688</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">169,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">584,018</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Equity Investments (b)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">34,104</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">55,832</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">34,885</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">837,859</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,097,520</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">169,000</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">618,903</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Affiliated Investee Funds included each primarily invest across certain industries including Energy, Financial Services, Infrastructure, Software, Secondaries, Specialty Finance, Technology &amp; Services <div style="display:inline;">and </div>Various. </div></div></td></tr></table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Equity Investments included primarily invest in Financial Services and Technology &amp; Services. </div></div></td></tr></table> 803755000 1041688000 169000000 584018000 34104000 55832000 0 34885000 837859000 1097520000 169000000 618903000 0 0 0 0 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">4. Derivative Instruments </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In the normal course of business, the Aggregator may enter into derivative contracts to achieve certain risk management objectives. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator may enter into derivative instruments to hedge against foreign currency exchange rate risk on a portion or all of its <div style="white-space: nowrap;display:inline;">non-U.S.</div> dollar denominated investments. These instruments primarily include (a) forward currency contracts and (b) foreign currency swaps. The Aggregator utilizes forward currency contracts and foreign currency swaps, collectively referred to as foreign exchange contracts, to <div style="display:inline;">economically</div> hedge <div style="display:inline;">the </div>currency exposure associated with certain foreign-denominated investments. These derivative contracts are not designated as hedging instruments for accounting purposes. The use of foreign exchange contracts does <div style="display:inline;">not </div>eliminate fluctuations in the price of the underlying investments recognized by the Aggregator. Additionally, the Aggregator may enter into derivative instruments to hedge against other risks in its investments, including commodity price risk and equity price risk. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As a result of the use of derivative contracts, the Aggregator is exposed to the risk that counterparties will fail to fulfill their contractual obligations. To mitigate such counterparty risk, the Aggregator enters into contracts with certain major financial institutions, primarily those with investment grade ratings. Counterparty credit risk is evaluated in determining the fair value <div style="display:inline;">of </div>derivative instruments. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The table below summarizes the aggregate notional amount and fair value of the derivative instruments. The notional amount represents the absolute value amount of the foreign exchange contracts in thousands: </div></div><br/></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Calibri; font-size:9.5pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:76%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="15" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2025</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="15" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2024</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="7" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Assets</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="7" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Liabilities</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="7" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Assets</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="7" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Liabilities</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair</div></div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair</div></div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair</div></div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Notional</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Notional</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Notional</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Notional</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td colspan="4" style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Derivative Instruments</div></div></div></div></td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency<br/>Contracts (EUR)</div></div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> <div style="font-family:Times New Roman;display:inline;">€</div></div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 1,034,760 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,263 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> <div style="font-family:Times New Roman;display:inline;">€</div></div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 721,578 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,951 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> <div style="font-family:Times New Roman;display:inline;">€</div></div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">506,054 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  41,880 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> <div style="font-family:Times New Roman;display:inline;">€</div></div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency<br/>Contracts (GBP)</div></div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> £</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> £</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> £</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  61,967 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,302 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> £</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency<br/>Contracts (JPY)</div></div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> ¥</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,290,444</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">778 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> ¥</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> ¥</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> ¥</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Commodity Futures<br/>Contracts</div></div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">56</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">149 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,190 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,951 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td></tr></table><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The table below summarizes the impact to the Consolidated Statements of Operations from derivative instruments: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 92%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr> <td style="width: 89%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">June 15, 2023<br/>(Inception) to<br/>December 31,</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Derivative Instruments</div></div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Realized Loss</div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency Contracts</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(39,944</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(24,245</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Forward Sales Contracts</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(1,086</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Realized Gain (Loss)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(41,030</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  (24,245</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">)</div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency Contracts</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(45,091</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Commodity Futures Contracts</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(324</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Net Change in <div style="-sec-ix-hidden:hidden157005878;display:inline;"><div style="-sec-ix-hidden:hidden157005879;display:inline;"><div style="-sec-ix-hidden:hidden157005880;display:inline;">Unrealized Gain (Loss</div>)</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(45,415</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 89%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; font-family: Calibri; width: 89%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   (86,445</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">)</div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">22,937</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 89%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025, 2024 and 2023, the Aggregator had not designated any derivatives as fair value, cash <div style="display:inline;">flow </div>or net investment hedges for accounting purposes. </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The table below summarizes the aggregate notional amount and fair value of the derivative instruments. The notional amount represents the absolute value amount of the foreign exchange contracts in thousands: </div></div><br/></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Calibri; font-size:9.5pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:76%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="15" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2025</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="15" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31, 2024</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="7" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Assets</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="7" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Liabilities</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="7" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Assets</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="7" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Liabilities</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair</div></div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair</div></div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair</div></div></div></td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="3" style="vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fair</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Notional</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Notional</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Notional</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Notional</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"> </td> <td colspan="3" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value</div></div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td colspan="4" style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Derivative Instruments</div></div></div></div></td> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0em; text-indent: 0em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency<br/>Contracts (EUR)</div></div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> <div style="font-family:Times New Roman;display:inline;">€</div></div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 1,034,760 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4,263 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> <div style="font-family:Times New Roman;display:inline;">€</div></div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 721,578 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,951 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> <div style="font-family:Times New Roman;display:inline;">€</div></div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">506,054 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  41,880 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> <div style="font-family:Times New Roman;display:inline;">€</div></div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency<br/>Contracts (GBP)</div></div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> £</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> £</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> £</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  61,967 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,302 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> £</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency<br/>Contracts (JPY)</div></div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> ¥</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,290,444</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">778 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> ¥</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> ¥</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> ¥</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt;background-color:#cceeff"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 9.5pt; font-family: Calibri; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Commodity Futures<br/>Contracts</div></div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">56</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">149 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:Calibri; font-size:9.5pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5,190 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,951 </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="white-space:nowrap;vertical-align:bottom"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td></tr></table><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> 1034760000 4263000 721578000 2951000 506054000 41880000 0 0 0 0 0 0 61967000 5302000 0 0 1290444000 778000 0 0 0 0 0 0 56000 149000 0 0 0 0 0 0 5190000 2951000 47182000 0 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The table below summarizes the impact to the Consolidated Statements of Operations from derivative instruments: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 92%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;"> <tr> <td style="width: 89%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">June 15, 2023<br/>(Inception) to<br/>December 31,</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Derivative Instruments</div></div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Realized Loss</div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency Contracts</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(39,944</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(24,245</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Forward Sales Contracts</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(1,086</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Realized Gain (Loss)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(41,030</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  (24,245</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">)</div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Change in Unrealized Gain (Loss)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td> <td style="vertical-align: bottom; font-family: Calibri;"></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign Currency Contracts</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(45,091</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Commodity Futures Contracts</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(324</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 89%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 89%; background-color: rgb(204, 238, 255);"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Net Change in <div style="-sec-ix-hidden:hidden157005878;display:inline;"><div style="-sec-ix-hidden:hidden157005879;display:inline;"><div style="-sec-ix-hidden:hidden157005880;display:inline;">Unrealized Gain (Loss</div>)</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(45,415</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">47,182</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);"> </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 89%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; font-family: Calibri; width: 89%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   (86,445</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">)</div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">22,937</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-family: Calibri; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; font-family: Calibri; width: 89%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%; background-color: rgba(255, 255, 255, 0);"> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> -39944000 -24245000 0 -1086000 0 0 -41030000 24245000 0 -45091000 47182000 0 -324000 0 0 -45415000 47182000 0 86445000 22937000 0 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">5. Borrowings </div></div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Bonavista Credit Facility </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">On July 25, 2024, Bonavista Funding Ltd. (“Bonavista”), a consolidated wholly owned subsidiary of the Aggregator that holds broadly syndicated loans, entered into a revolving credit agreement (the “Bonavista Credit Facility”) pursuant to which the lenders thereunder agreed to provide loans for an aggregate principal amount not to exceed the aggregate commitment of $300.0 million, subject to customary conditions. The Bonavista Credit Facility is collateralized by assets of Bonavista. The obligations under the Bonavista Credit Facility have limited recourse, with repayment solely from the assets collateralizing Bonavista. The liabilities of Bonavista do not have recourse to the general credit of the Aggregator. On December 19, 2024, the maximum aggregate commitment was increased to $400.0 million through September 18, 2025, after which, the maximum aggregate commitment decreased to $375.0 million. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The parties to the Bonavista Credit Facility include Bonavista, as borrower, the Aggregator, a third-party administrative agent (in such capacity, the “Bonavista Administrative Agent”), also serving as sole lead arranger and sole book manager, and the other third-party lenders as identified in the Bonavista Credit Facility. The Bonavista Credit Facility matures on July 27, 2026, and may not be extended. Upon an event of default, the Bonavista Administrative Agent may also terminate its commitment. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Under the Bonavista Credit Facility, borrowings denominated in U.S. dollars will bear interest, at the borrower’s discretion, at a rate of the <div style="white-space: nowrap;display:inline;">(a) one-month</div> term Secured Overnight Financing Rate (“SOFR”) plus a spread of 1.25% per annum or (b) base rate (as defined in the Bonavista Credit Facility) plus a spread of 1.25</div><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%. The Aggregator may voluntarily prepay any loans upon notice to the Bonavista Administrative Agent without a premium or penalty, subject to certain conditions. The Bonavista Credit Facility is subject to a commitment fee that is generally calculated based on two components, the First Unused Amount and Second Unused Amount (each as defined below). The “First Unused Amount” incurs no commitment fee for the first nine months the Bonavista Credit Facility is outstanding; thereafter, the commitment fee on the First Unused Amount is generally equal to (a) a varying percentage of the unused aggregate commitment amount, less total borrowings outstanding, multiplied by (b) </div></div>1<div style="font-size: 10pt; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%. </div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">The “Second Unused Amount” incurs no commitment fee for the first three-month period the Bonavista Credit Facility is outstanding; on and after the three-month anniversary and prior to the nine-month anniversary, the commitment fee on the Second Unused Amount is equal to (a) the unused aggregate commitment amount, less total borrowings outstanding, multiplied by (b) </div></div><div style="font-size: 10pt; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div>0.3<div style="font-size: 10pt; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%; </div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">thereafter, the commitment fee on the Second Unused Amount is generally equal to (a) a varying percentage of the unused aggregate commitment amount, less total borrowings outstanding, multiplied by (b) </div></div><div style="font-size: 10pt; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div>0.3<div style="font-size: 10pt; font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%.</div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025, Bonavista had no borrowings or amounts outstanding under the Bonavista Credit Facility. As of December 31, 2024, Bonavista had $129.0 million outstanding under the Bonavista Credit Facility. The borrowing carrying amount outstanding under the Bonavista Credit Facility as of December 31, 2024, approximates fair value and this facility would be classified as Level III within the fair value hierarchy. As of December 31, 2024, the effective interest rate on borrowings outstanding was 5.7%. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Aggregator Credit Agreement </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">On October 3, 2024, the Aggregator entered into a revolving credit agreement (the “Aggregator Credit Agreement”) pursuant to which multiple third-party lenders and letter of credit issuers thereunder agreed to provide loans and letters of credit for up to an aggregate initial commitment of $<div style="letter-spacing: 0px; top: 0px;display:inline;">375.0<div style="display:inline;"> </div></div>million, subject to customary conditions. The available capacity under the Aggregator Credit Agreement may be increased on a permanent or a temporary basis up to an amount agreed by the Joint Lead Arrangers (as defined below) and the increasing lenders, provided that the Aggregator, among other things,<div style="display:inline;"> </div>may not incur new loans or letters of credit in excess of the applicable loan to value ratio (which may be between 10% and 20%<div style="display:inline;">)</div>, where value equals the sum of the adjusted net asset values of eligible investments and certain other items (as specified in the Aggregator Credit Agreement). The aggregate commitment has increased periodically over time. As of December 31, 2025, the aggregate commitment was $2.0 billion. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The parties to the Aggregator Credit Agreement include the Aggregator, as borrower, a third-party administrative agent (in such capacity, the “Aggregator Administrative Agent”), third-party joint lead arrangers (in such capacities, the “Joint Lead Arrangers”) and <div style="white-space: nowrap;display:inline;">co-structuring</div> agents, and certain other lenders and the letter of credit issuers as identified in the Aggregator Credit Agreement. The Aggregator Credit Agreement matures on October 1, 2027, subject to a <div style="white-space: nowrap;display:inline;">one-year</div> extension option requiring approval by the Aggregator Administrative Agent and extending lenders and the satisfaction of customary conditions. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;text-indent: 0px;display:inline;">Under the Aggregator Credit Agreement, borrowings denominated in U.S. dollars will bear interest, at the Aggregator’s discretion, at a rate of the <div style="white-space: nowrap;display:inline;">(a) one-month</div> term SOFR plus a spread of 3.50% per annum, (b) daily simple SOFR plus a spread of 3.50% per annum, or (c) base rate (as defined in the Aggregator Credit Agreement) plus a spread of 2.50%. Such rates may be increased by up to 2.50% per annum during a continuing event of default and/or a cash sweep event. The Aggregator Credit Agreement is subject to a commitment fee that is generally based on (a) the total facility commitments, less total borrowings outstanding, multiplied by (b) the commitment fee rate. The unused commitment fee per annum rate varies from 0.50% to 0.70% and is dependent on the total borrowings outstanding. Under the Aggregator Credit Agreement, the Aggregator will bear customary expenses for a credit facility of this size and type, including closing fees, arrangement fees, administration fees and unused <div style="display:inline;">commitment </div>fees. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator Credit Agreement contains customary representations and warranties, events of default, cash sweep events and affirmative and negative covenants. The Aggregator’s obligations under the Aggregator Credit Agreement are <div style="white-space: nowrap;display:inline;">non-recourse</div> to BXPE U.S. and secured by the Aggregator’s distributions received from investments and the equity interest in certain of its subsidiaries. Upon an event of default, the lenders of the Aggregator Credit Agreement may also terminate their commitment. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025 and 2024, the Aggregator had no borrowings or amounts outstanding under the Aggregator Credit Agreement. </div></div> 300000000 400000000 375000000 0.0125 0.0125 0.01 0.003 0.003 0 129000000 0.057 375000000 0.10 0.20 2000000000 0.035 0.035 0.025 0.025 0.005 0.007 0 0 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">6. Net Assets </div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator, at the direction of the General Partner, has the authority to issue an unlimited number of Class A units and Class B units (each, an “Aggregator Unit” or “Unit”). No Class B Units have been issued by the Aggregator since inception. As of December 31, 2025, the Aggregator has two limited partners, BXPE U.S. and a Parallel Fund. Class A Units are issued to both the BXPE U.S. limited partner and the Parallel Fund limited partner. BXPE U.S. and the Parallel Fund receive monthly subscriptions from their investors, which are in turn invested into the Aggregator. BXPE U.S. and the Parallel Fund are issued Class A Units in exchange for their contributions to the Aggregator. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The term “Transactional NAV” refers to the price at which transactions in the Aggregator’s Units are made, calculated in accordance with a valuation policy that has been approved by the BXPE U.S. Board of Directors. The purchase price per Aggregator Unit of each limited partner is equal to the Transactional NAV per Aggregator Unit for such limited partner as of the last calendar day of the immediately preceding month. Before the Aggregator determined its first Transactional NAV, the initial purchase price for the Aggregator’s Units was $25.00 per Aggregator Unit. The Aggregator’s Transactional NAV was first determined as of the end of the first full month after the Initial Closing Date. Thereafter, the Transactional NAV is based on the <div style="white-space: nowrap;display:inline;">month-end</div> values of investments, the addition of the value of any other assets such as cash, the deduction of any liabilities, the accrual and allocation of the Management Fee, Administration Fee and the Performance Participation Allocation (each as defined in Note 7. “Related Party Transactions”) and the deduction of expenses. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Aggregator Unit issuances related to monthly contributions are effective the first calendar day of each month. Aggregator Units are issued at a price per Aggregator Unit equivalent to the Aggregator’s most recent Transactional NAV per Aggregator Unit available for Class A Units, which is the Aggregator’s prior <div style="white-space: nowrap;display:inline;">month-end</div> Transactional NAV per Aggregator Unit. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 7%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The following table presents transactions in the Aggregator’s Units during the periods: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 76%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 69%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 2%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class A</div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="2" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of June 15, 2023 (Inception) and December 31, 2023</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">—</div></div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">—</div></div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2023</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">215,314,300</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">215,314,300</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(424,568</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(424,568</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">152,078,585</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">152,078,585</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(2,255,311</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(2,255,311</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2025</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 364,713,006</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 364,713,006</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In accordance with the Aggregator Partnership Agreement, the General Partner can cause the Aggregator to redeem Aggregator Units from limited partners to match any redemption made by BXPE U.S. and any Parallel Fund. Any redemption of Aggregator Units will be effected by the Aggregator as needed to comply with the redemption plan of BXPE U.S. and any Parallel Fund and otherwise as determined by the General Partner. A Parallel Fund may withdraw entirely from the Aggregator and have all of its Aggregator Units redeemed by the Aggregator only with the consent of BXPE U.S., including, if applicable, approval by the BXPE U.S. Board of Directors. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For the years ended December 31, 2025 and 2024, 2,255,311 and 424,568 Aggregator Units were redeemed for an aggregate value of $72.6 million and $11.9 million, respectively. </div></div> 25 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 7%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The following table presents transactions in the Aggregator’s Units during the periods: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 76%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 69%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 3%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 2%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Class A</div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="2" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Units</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Total</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of June 15, 2023 (Inception) and December 31, 2023</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">—</div></div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">—</div></div></div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2023</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">215,314,300</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">215,314,300</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(424,568</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(424,568</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2024</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Issued</div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">152,078,585</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">152,078,585</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgb(204, 238, 255);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Redemption of Units</div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(2,255,311</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgb(204, 238, 255);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(2,255,311</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; break-inside: avoid;"> <td style="vertical-align: top; width: 69%; background-color: rgba(255, 255, 255, 0);"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Units Outstanding as of December 31, 2025</div></div></div></div> </td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 364,713,006</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> 364,713,006</div></td> <td style="vertical-align: bottom; white-space: nowrap; background-color: rgba(255, 255, 255, 0);"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 69%; background-color: rgba(255, 255, 255, 0);"></td> <td style="vertical-align: bottom; width: 3%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 2%; background-color: rgba(255, 255, 255, 0);">  </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; background-color: rgba(255, 255, 255, 0);"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> 0 0 0 0 0 0 215314300 215314300 424568 424568 214889732 214889732 214889732 214889732 152078585 152078585 2255311 2255311 364713006 364713006 2255311 424568 72600000 11900000 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">7. Related Party Transactions </div></div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Partnership Agreement </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator has entered into the Aggregator Partnership Agreement with the General Partner. Under the terms of the Aggregator Partnership Agreement, overall responsibility for the Aggregator rests with the General Partner. The General Partner has delegated BXPE’s portfolio management function to the Investment Manager on January 2, 2024. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Performance Participation Allocation </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The General Partner receives a performance participation allocation (“Performance Participation Allocation”) by BXPE U.S. (indirectly through the Aggregator) equal to 12.5% of total return subject to a 5% annual hurdle amount and a high water mark with 100% <div style="white-space: nowrap;display:inline;">catch-up.</div> Such allocation is measured on a calendar year basis, paid quarterly, accrued monthly (subject to <div style="white-space: nowrap;display:inline;">pro-rating</div> for partial periods), and without taking into account accrued and unpaid taxes of any intermediate entity through which BXPE indirectly invests in an investment or taxes paid by any such intermediate entity during the applicable month. For the first calendar year of BXPE’s operations, the allocation was payable annually, after the end of such first calendar year, and thereafter, the allocation is payable quarterly. The General Partner may elect to receive the Performance Participation Allocation in cash, the Aggregator’s, BXPE U.S.’s, the Feeder’s, or the Parallel Fund’s units and/or equity of intermediate entities. If the Performance Participation Allocation is paid in units, such units may be redeemed at the General Partner’s request and will be subject to certain limitations. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For the year ended December 31, 2025<div style="null;text-indent: 0px;display:inline;">, the Aggregator accrued Performance Participation Allocation of $245.1 million. The General Partner elected to receive $22.7 million of the accrued Performance Participation Allocation as equity of intermediate entities. The equity of intermediate entities was subsequently contributed to BXPE U.S. in exchange for 663,599 BXPE U.S. Class I units, and BXPE U.S. subsequently contributed the equity of intermediate entities to the Aggregator in exchange for 662,900 Units. The remainder of the accrued Performance Participation Allocation was paid in cash from intermediate entities. For the year ended December 31,</div> 2024, the Aggregator accrued Performance Participation Allocation of $83.6 million<div style="null;text-indent: 0px;display:inline;"> which was fully paid in cash from intermediate entities to the General Partner subsequent to year end.</div> </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investment Management Agreement </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">On January 2, 2024, </div><div style="letter-spacing: 0px; top: 0px;display:inline;">BXPE U.S. entered into an investment management agreement with the Investment Manager (as may be further amended and restated from time to time, the “Investment Management Agreement”). As part of carrying out its investment management services (including structuring investments through the Aggregator), the Investment Manager has entered into, and may in the future enter into <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-advisory,</div> or other similar arrangements, with other advisory subsidiaries of Blackstone. These <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">sub-advisory</div> relationships do not affect the terms of the Investment Management Agreement. </div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Management Fee </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">In consideration for its investment management services, the Aggregator, on behalf of its limited partners, pays the Investment Manager a management fee (the “Management Fee”) equal to 1.25% </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">of the Aggregator’s Transactional NAV per year, payable monthly, before giving effect to any accruals for the Management Fee, servicing fees, Administration Fee (as defined below), Performance Participation Allocation, pending Aggregator unit redemptions, distributions, if any, and without taking into account accrued and unpaid taxes of any intermediate entity through which the Aggregator indirectly invests in an investment or taxes paid by any such intermediate entity during the applicable month. </div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager may elect to receive the Management Fee in cash, the Aggregator’s, BXPE U.S.’s, the Feeder’s, or the Parallel Fund’s units and/or equity of intermediate entities. If the Management Fee is paid in units, such units may be redeemed at the Investment Manager’s request and will be subject to certain limitations. Additionally, the Investment Manager may separately elect for the Management Fee to be paid (in whole or in part) to an affiliate of the Investment Manager in satisfaction of Management Fee amounts owed to the Investment Manager in connection with services provided by such affiliate to BXPE and/or any intermediate entity. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager agreed to waive the Management Fee for the first six months following the Initial Closing Date. As of July 1, 2024, Management Fees may be offset by certain fees paid to the Investment Manager or its affiliates in connection with BXPE’s investments consistent with the Aggregator Partnership Agreement and the Investment Management Agreement. These fees, when recognized, are presented as Management Fees Waived. Refer to Note 2. “Summary of Significant Accounting Policies” for more information on management fee waivers. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For the years ended December 31, 2025 and 2024, the Aggregator accrued gross Management Fees of $118.2 million and $50.2 million, </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">respectively. During the year ended December 31, 2025, $0.2 million of the gross Management Fees were waived by the Investment Manager as a result of investments in Other Blackstone Accounts. During the year ended December 31, 2024, $16.9 million of the gross Management Fees were waived as the Investment Manager agreed to waive the Management Fee for six months following the Initial Closing Date. The net Management Fees were paid in cash to the Investment Manager subsequent to year end.</div></div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Administration Fee</div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager and its affiliates provide administration services to BXPE, consistent with the Aggregator Partnership Agreement and Investment Management Agreement. In consideration for its administrative services, the Investment Manager is entitled to receive an administration fee (the “Administration Fee”) payable by the Aggregator, equal to, in the aggregate, 0.10% of the Aggregator’s Transactional NAV per annum payable monthly, before giving effect to any accruals for the Management Fee, the servicing fee, Administration Fee and the Performance Participation Allocation, pending unit redemptions, distributions, if any, and without taking into account accrued and unpaid taxes of any intermediate entity through which BXPE indirectly invests in an investment or taxes paid by any such intermediate entity during the applicable </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">month. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">From time to time, the Investment Manager may outsource certain administrative duties provided to BXPE with respect to the Administration Fee to third parties. The fees, costs and expenses of any such third-party service providers will be payable by the Investment Manager out of its Administration Fee such that the Administration Fee should not exceed, in the aggregate, </div>0.10<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">% of the Aggregator’s Transactional NAV.</div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For the years ended December 31, 2025 and 2024, the Aggregator accrued Administration Fees of $9.1 million and $4.0 million, respectively. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Investments in Affiliated Investee Funds </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025 and 2024, the Aggregator had Investments in Affiliated Investee Funds of $1.0 billion and $833.0 million, respectively. Refer to Note 2. “Summary of Significant Accounting Policies” for more information on Investments in Affiliated Investee Funds. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Expense Support </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">During the year ended December 31, 2024, the Investment Manager voluntarily agreed to pay certain expenses on behalf of BXPE such that the total expenses borne by BXPE (excluding interest expense, organization and offering expenses, servicing fees, the Performance Participation Allocation and taxes) did not exceed an annualized rate of 0.50% of BXPE’s NAV. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">For the year ended December 31, 2024, the Aggregator accrued Expense Support of $0.2 million that was subsequently paid by the Investment Manager. No fees were charged to the Investment Manager for agreeing to bear these expenses and the Investment Manager will not be reimbursed by the Aggregator. There was no accrued Expense Support for the year ended December 31, 2025. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Due to/from Affiliates </div></div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Due to Affiliates consists of cash advances made by Blackstone Holdings Finance Co. L.L.C., a subsidiary of Blackstone, on behalf of the Aggregator for the payment of fund and tax expenses and balances owed by the Aggregator to other <div style="white-space: nowrap;display:inline;">non-consolidated</div> entities within BXPE. These amounts are intended to be cash reimbursed by the Aggregator and are <div style="white-space: nowrap;display:inline;">non-interest</div> bearing. Due from Affiliates is composed of balances owed to the Aggregator from other <div style="white-space: nowrap;display:inline;">non-consolidated</div> entities within BXPE. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE Lux </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">BXPE invests alongside BXPE Lux, a Luxembourg alternative investment fund available to investors primarily domiciled in countries of the European Economic Area, the United Kingdom, Switzerland, certain Asian jurisdictions and certain other jurisdictions. While BXPE and BXPE Lux have substantially similar investment objectives and strategies and are expected to have highly overlapping investment portfolios, BXPE and BXPE Lux are operated as distinct investment structures.</div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Related Party Transactions </div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">BXPE may from time to time enter into transactions with certain affiliates. Such transactions are subject to oversight, and, where required, approval by the independent directors of BXPE U.S. and are conducted in accordance with the terms of the BXPE U.S.’s limited partnership agreement and applicable policies and procedures. </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">During the years ended December 31, 2025 and 2024, the Aggregator acquired one and three investments for an aggregate purchase price of $71.6 million and $433.7 million, respectively, from Other Blackstone Accounts. The terms of these investments were negotiated by third-party investors, and the Aggregator participated on the same terms as such third-party investors. </div></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">During the year ended December 31, 2025, the Aggregator acquired newly issued common and preferred equity interests in one portfolio company controlled by an Other Blackstone Account for an aggregate purchase price of $</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">78.8 million</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">. The terms of these investments were negotiated by third-party investors, and the Aggregator participated on the same terms as such third-party investors with proceeds from the equity interest issuances used to repurchase existing equity interests held by an Other Blackstone Account and third-party investors. There were no similar natured transactions during the year ended December 31, 2024.</div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">During the years ended December 31, 2025 and 2024, the Aggregator participated in post-closing syndication transactions to acquire additional equity interests in five and one existing investments, respectively for an aggregate purchase price of $</div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">149.4 million and $3.5 </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">million. The interests were purchased from Other Blackstone Accounts at a purchase price of cost plus a customary fee for the time the investments were held by such affiliate. </div></div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As a portion of BXPE’s overall investment strategy, the Aggregator makes investments in a programmatic manner, including through participation in Blackstone’s <div style="white-space: nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">side-by-side</div></div> investment program and capital commitments to Other Blackstone Accounts. As a participant in the <div style="white-space: nowrap;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">side-by-side</div></div> investment program, from time to time, the Aggregator, together with other participants, may sell or syndicate a small portion of an investment to Affiliates (as defined under the BXPE U.S. Partnership Agreement). Such syndication transactions are required for all participants in the program and occur within six months of closing at a purchase price of cost, plus a customary fee for the time the investment is held by the Aggregator. During the years ended December 31, 2025 and 2024, the Aggregator syndicated portions of thirteen and eight investments to related parties, resulting in aggregate cash proceeds of $29.9 million and $31.9 million, respectively.</div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">A portion of BXPE’s portfolio consists of seven fund interests in certain commingled Other Blackstone Accounts, including capital commitments to such funds. During the years ended December 31, 2025 and 2024, BXPE funded capital commitments to such funds for an aggregate amount of $</div></div>55.0<div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"> million and $</div>278.6<div style="letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;">million, respectively. To date, BXPE has not received cash distributions from such funds.</div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Additionally, the Investment Manager has delegated the portfolio management of BXPE’s Investments in Debt and Other Securities to other Blackstone investment managers (the “Sub-Investment Managers”) and, from time to time, the Sub-Investment Managers identify opportunities for cross transactions between BXPE and Other Blackstone Accounts. During the year ended December 31, 2025, the Aggregator participated in six cross transactions with an Other Blackstone Account for an aggregate amount of $</div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">8.0 million; there were no such transactions during the year ended December 31, 2024. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt; top: 0px;display:inline;"></div> 0.125 0.05 1 245100000 22700000 663599 662900 83600000 0.0125 118200000 50200000 200000 16900000 0.001 0.001 9100000 4000000 1000000000 833000000 0.005 200000 0 71600000 433700000 78800000 0 149400000 3500000 29900000 31900000 55000000 278600000 8000000 0 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">8.  Commitments and Contingencies </div></div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Commitments </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Investment Manager agreed to advance organizational and offering expenses, other than servicing fees related to BXPE U.S.’s Class S, Class D and Class N units and the Feeder’s Class S and Class D units, on BXPE’s behalf through the first anniversary of the Initial Closing Date. As of December 31, 2024, the Investment Manager and its affiliates have incurred organizational and </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">offering </div></div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">315 </div></div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">expenses </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> on BXPE’s behalf in the amount of $8.3 million, of which $5.6 million related to Organizational Expenses and was expensed as incurred and $2.7 million related to offering costs that are capitalized as a deferred expense and amortized over twelve months. As of December 31, 2025, these accruals were paid off in full and there were no additional expenses that the Investment Manager advanced on BXPE’s behalf. </div></div><div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025 and December 31, 2024, the Aggregator had unfunded commitments to existing investments of $1.2 billion and $568.7 million, respectively, of which $691.7 million and $96.7 million, respectively, is committed to other Blackstone funds. As of December 31, 2025 and 2024, the BXPE Fund Program had additional conditional commitments of $3.0 billion and $1.9 billion, respectively, to new investments. Conditional commitments are held among the BXPE Fund Program and BXPE’s allocation will be determined at closing.</div><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt; text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Conditional commitments are subject to certain terms and conditions prior to closing of the relevant transactions and there can be no assurance that such transactions will close as expected or at all. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Contingencies </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator may, from time to time, be party to various legal matters arising in the ordinary course of business, including claims and litigation proceedings. As of December 31, 2025, the Aggregator was not subject to any material litigation nor was the Aggregator aware of any material litigation threatened against it. </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Indemnifications </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">In the normal course of business, the Aggregator enters into contracts that contain a variety of indemnification arrangements. The Aggregator’s exposure under these arrangements, if any, cannot be quantified. However, the Aggregator has not had any claims or losses pursuant to these indemnification arrangements and expects the potential for a material loss to be remote as of December 31, 2025. </div></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> 8300000 5600000 2700000 P12M 0 0 1200000000 568700000 691700000 96700000 3000000000 1900000000 <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">9. Income Taxes </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s Provision for Taxes was $164.2 million and $28.8 million for the years ended December 31, 2025 and 2024, respectively, which resulted in an effective tax rate of 9.5% and 5.0%, respectively. </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The primary driver of these effective tax rates is that most of the income generated by the Aggregator is not effectively connected with a U.S. trade or business and is not subject to U.S. corporate income tax. </div></div></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;text-indent: 0px;display:inline;">To the extent investments made by the Aggregator are engaged in a U.S. trade or business, the Aggregator will generally be subject to a U.S. federal income tax of 21.0% <div style="display:inline;"></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">of its share of taxable income effectively connected with the conduct of a U.S. trade or business and may be subject to additional branch profits tax of </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;text-indent: 0px;display:inline;"><div style="display:inline;"></div>30.0% </div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">of its share of effectively connected earnings and profits, adjusted as provided by law. The subsidiaries may also be subject to state and local taxes. </div></div></div> <div style="letter-spacing: 0px; top: 0px; background: none;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px; background: none; text-decoration: none;display:inline;"> </div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;text-indent: 0px;display:inline;"> </div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s Net Increase in Net Assets Resulting from Operations Before Provision for Taxes consists of the following: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 90%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td rowspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" rowspan="3" style="text-align: center; vertical-align: bottom;"> <div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">June 15, 2023</div></div></div> <div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">(Inception) to</div></div></div> <div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">December 31,</div></div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 90%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets Resulting from Operations Before Provision for Taxes</div></div></div> </td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 90%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">United States</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,044,905 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">425,635 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 90%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">675,940 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">154,091 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 90%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 90%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  1,720,845 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  579,726 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 90%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s Provision for Taxes consists of the following: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 91%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td rowspan="2" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" rowspan="2" style="text-align: center; vertical-align: bottom;"><div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">June 15, 2023</div></div></div><div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">(Inception) to</div></div></div><div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">December 31,</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Current</div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal Income Tax</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,123</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,162</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Tax</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">296</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">500</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,419</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,662</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal Income Tax</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">129,220</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">23,300</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Tax</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">32,528</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,821</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">161,748</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">27,121</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Provision for Taxes</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   164,167</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   28,783</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">    — </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <div style="clear:both;max-height:0pt;"></div> <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table reconciles the Aggregator’s effective income tax rate to the U.S. federal statutory tax rate: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 92%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td rowspan="2" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" rowspan="2" style="text-align: center; vertical-align: bottom;"><div style="text-align: center; font-family: Calibri; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">June 15, 2023</div></div></div></div></div><div style="text-align: center; font-family: Calibri; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">(Inception) to</div></div></div></div></div><div style="text-align: center; font-family: Calibri; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31,</div></div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 92%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Statutory U.S. Federal Income Tax Rate</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">    21.0</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">    21.0</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">     — </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 92%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Income Not Subject to Income Tax (a)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-13.0</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-16.7</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 92%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Taxes (b)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.5</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.7</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 92%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Effective Income Tax Rate</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">9.5</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.0</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear:both;max-height:0pt;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Income Not Subject to Income Tax generally refers to the Aggregator’s income that is not effectively connected with a U.S. trade or business nor subject to U.S. corporate income tax, which reduces its effective income tax rate. </div></div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="clear:both;max-height:0pt;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Taxes refers to taxes imposed by individual states and local governments on income, property and sales. These taxes vary by jurisdiction and can significantly impact a corporation’s overall effective tax rate. </div></div></td></tr></table> <div style="clear:both;max-height:0pt;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">A summary of the significant components of the Aggregator’s deferred tax assets and liabilities is as follows: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 88%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 2%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 2%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31,</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Tax Assets</div></div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal and State Net Operating Losses</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">20,004</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,655 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Outside Basis Difference in Underlying Partnership</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">58</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Deferred Tax Assets Before Valuation Allowance</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">20,062</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,655 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Valuation Allowance</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(58</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;">Total Deferred Tax Assets</div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">20,004</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,655 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Tax Liabilities</div></div></div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Outside Basis Difference in Underlying Partnership</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">208,873</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">30,776 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total Deferred Tax Liabilities</div></div></div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">208,873</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">30,776 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Tax Liabilities, Net</div></div></div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   188,869</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   27,121 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear:both;max-height:0pt;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator evaluates the realizability of its deferred tax asset on each balance sheet date and adjusts the valuation allowance when it is <div style="white-space: nowrap;display:inline;">more-likely-than-not</div> that all or a portion of the deferred tax asset may not be realized. The Aggregator assesses all available positive and negative evidence, including the amount and character of future taxable income. Based on its assessment, management has concluded that it is not more-likely-than not that certain deferred tax assets will be realized and therefore, a valuation allowance has been established against those tax assets. The realizable amount and associated valuation allowance could change in future periods based on updated objective evidence.</div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025 and 2024, the Aggregator had aggregate federal or state income tax net operating losses (“NOL”). The Aggregator Corporations had federal NOLs of $81.4 million, of which $81.4 million can be carried forward indefinitely. The Aggregator Corporations had state NOLs of $63.2 million with expirations beginning <div style="display:inline;">in </div>2029. Federal NOLs can be carried forward indefinitely and state NOLs expire based on the jurisdictions in which they were created. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Uncertain Tax Positions </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">As of December 31, 2025 and 2024, the Aggregator is not aware of any uncertain tax positions that would require recognition in the consolidated financial statements. </div></div> <div style="font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">One Big Beautiful Bill Act </div></div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law in the U.S., introducing a broad range of tax reform provisions affecting businesses, including extending and modifying certain key provisions of the Tax Cuts &amp; Jobs Act of 2017. In accordance with GAAP, the effects of the enacted tax law changes were recognized in the period of enactment. </div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The OBBBA did not change the U.S. federal corporate income tax rate. The Aggregator evaluated the provisions of the law and determined there was no remeasurement of the deferred tax assets and liabilities and that the OBBBA had no material impact to the Aggregator’s consolidated financial statements as of and for the year ended December 31, 2025. </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div> <div style="text-align: right; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div></div><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"> </div></div></div> <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Tax Contingencies </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Aggregator and the Aggregator Corporations are subject to examination by various taxing authorities. </div></div></div> 164200000 28800000 0.095 0.05 0.21 0.30 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s Net Increase in Net Assets Resulting from Operations Before Provision for Taxes consists of the following: </div></div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 90%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td rowspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" rowspan="3" style="text-align: center; vertical-align: bottom;"> <div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">June 15, 2023</div></div></div> <div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">(Inception) to</div></div></div> <div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">December 31,</div></div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 90%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets Resulting from Operations Before Provision for Taxes</div></div></div> </td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom; width: 1%;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 90%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">United States</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,044,905 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">425,635 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 90%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Foreign</div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">675,940 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">154,091 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 90%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 90%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  1,720,845 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">  579,726 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   — </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 90%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> 1044905000 425635000 0 675940000 154091000 0 1720845000 579726000 0 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator’s Provision for Taxes consists of the following: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div><div style="clear:both;max-height:0pt;text-indent: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 91%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td rowspan="2" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" rowspan="2" style="text-align: center; vertical-align: bottom;"><div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">June 15, 2023</div></div></div><div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">(Inception) to</div></div></div><div style="text-align: center; font-family: Calibri; font-size: 8pt; font-weight: bold; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 8pt; letter-spacing: 0px; top: 0px;display:inline;">December 31,</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Current</div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal Income Tax</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,123</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,162</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Tax</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">296</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">500</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2,419</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1,662</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred</div></div></div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal Income Tax</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">129,220</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">23,300</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Tax</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">32,528</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,821</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">161,748</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">27,121</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 91%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Provision for Taxes</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   164,167</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   28,783</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">    — </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 91%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div> 2123000 1162000 0 296000 500000 0 2419000 1662000 0 129220000 23300000 0 32528000 3821000 0 161748000 27121000 0 164167000 28783000 0 <div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following table reconciles the Aggregator’s effective income tax rate to the U.S. federal statutory tax rate: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 92%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 1%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td rowspan="2" style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" rowspan="2" style="text-align: center; vertical-align: bottom;"><div style="text-align: center; font-family: Calibri; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">June 15, 2023</div></div></div></div></div><div style="text-align: center; font-family: Calibri; font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">(Inception) to</div></div></div></div></div><div style="text-align: center; font-family: Calibri; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31,</div></div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 92%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Statutory U.S. Federal Income Tax Rate</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">    21.0</div></div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">    21.0</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">     — </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 92%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Income Not Subject to Income Tax (a)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-13.0</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-16.7</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 92%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Taxes (b)</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.5</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.7</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 92%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Effective Income Tax Rate</div></div></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">9.5</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.0</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">%  </div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 92%;"></td> <td style="vertical-align: bottom; width: 1%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div></td> <td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div> <div style="clear:both;max-height:0pt;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">Income Not Subject to Income Tax generally refers to the Aggregator’s income that is not effectively connected with a U.S. trade or business nor subject to U.S. corporate income tax, which reduces its effective income tax rate. </div></div></div></td></tr></table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> <div style="clear:both;max-height:0pt;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"><div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">State and Local Income Taxes refers to taxes imposed by individual states and local governments on income, property and sales. These taxes vary by jurisdiction and can significantly impact a corporation’s overall effective tax rate. </div></div></td></tr></table> 0.21 0.21 0 -0.13 -0.167 0 0.015 0.007 0 0.095 0.05 0 <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">A summary of the significant components of the Aggregator’s deferred tax assets and liabilities is as follows: </div></div></div><div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 88%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 2%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 2%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">December 31,</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Tax Assets</div></div></div></div></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Federal and State Net Operating Losses</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">20,004</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,655 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Outside Basis Difference in Underlying Partnership</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">58</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Deferred Tax Assets Before Valuation Allowance</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">20,062</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,655 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Valuation Allowance</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(58</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">) </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;">Total Deferred Tax Assets</div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">20,004</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3,655 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Tax Liabilities</div></div></div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Outside Basis Difference in Underlying Partnership</div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">208,873</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">30,776 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total Deferred Tax Liabilities</div></div></div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">208,873</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">30,776 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 88%;"><div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deferred Tax Liabilities, Net</div></div></div></div></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   188,869</div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none;display:inline;"> $</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">   27,121 </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 88%;"></td> <td style="vertical-align: bottom; width: 2%;">  </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom; width: 2%;"> </td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td> <td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div></td></tr></table> 20004000 3655000 58000 0 20062000 3655000 58000 0 20004000 3655000 208873000 30776000 208873000 30776000 188869000 27121000 81400000 81400000 63200000 <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 10pt; margin-bottom: 0pt;text-indent: 0px;"><div style="font-variant-ligatures: none; letter-spacing: 0px; font-size: 10pt;font-weight:bolder;display:inline;">10. Financial Highlights</div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following financial highlights are calculated for the limited partners as a whole. Calculation of these highlights on an individual limited partner basis may yield results that vary from those stated herein due to the timing of capital transactions and differing fee arrangements. No Class A Units were outstanding during the year ended December 31, 2023. No Class B Units have been issued by the Aggregator since inception.</div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 76%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 70%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 8%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 8%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class A Units (a)</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.38  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Proceeds from Units Issued</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.00  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Income (Loss)</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.96) </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.18  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Realized and Unrealized Gain (Loss) on Investments, Derivative Instruments and Translation of Assets and Liabilities in Foreign Currencies</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">6.32  </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.20  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.36  </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.38  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">33.74  </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.38  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">364,713,006  </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Return Based on Net Asset Value (b)</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.88%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">13.53%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ratios to Weighted-Average Net Assets</div></div></div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Expenses without Waivers (c)</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.91%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2.07%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Expense Support and Management Fees Waivers (c)</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.44%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Accrued Performance Participation Allocation</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2.68%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2.12%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.58%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.76%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-3.48%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.21%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> </tr> </table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Amounts may not add due to rounding. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="null;text-indent: 0px;display:inline;">For the year ended December 31, 2025, total return is calculated as the change in Net Asset Value per Aggregator Unit during the period, plus distributions per Aggregator Unit (assuming dividends and distributions are reinvested in accordance with the Aggregator’s distribution reinvestment plan) divided by the beginning Net Asset Value per Aggregator Unit for the year ended December 31, 2025 or the initial Net Asset Value per Aggregator Unit of $</div>25.00 for the year ended December 31, 2024. Total return does not include upfront transaction fees, if any. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(c)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">For the years ended December 31, 2025 and 2024, the expense ratio includes Management Fees, Organizational Expenses, Professional Fees, Deferred Offering Costs Amortization, Administration Fees and Other. For the year ended December 31, 2025, the expense ratio also includes Interest Expense and Deferred Financing Cost Amortization. </div></div></div> </td> </tr> </table> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">The following financial highlights are calculated for the limited partners as a whole. Calculation of these highlights on an individual limited partner basis may yield results that vary from those stated herein due to the timing of capital transactions and differing fee arrangements. No Class A Units were outstanding during the year ended December 31, 2023. No Class B Units have been issued by the Aggregator since inception.</div></div> <div style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;"> </div></div></div> <table cellpadding="0" cellspacing="0" style="text-align:start; margin: 0px auto; width: 76%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr> <td style="width: 70%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 8%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="width: 8%; vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Class A Units (a)</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="7" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year Ended December 31,</div></div></div></div></td> </tr> <tr style="font-family: Calibri; font-size: 8pt; page-break-inside: avoid;"> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td colspan="3" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td colspan="2" style="text-align: center; vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align: bottom; padding-bottom: 0.5pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Per Unit Data</div></div></div></div></div> </td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;">  </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> <td style="vertical-align: bottom;"><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, Beginning of Period</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.38  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Proceeds from Units Issued</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">—  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">25.00  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Income (Loss)</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(0.96) </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">0.18  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Realized and Unrealized Gain (Loss) on Investments, Derivative Instruments and Translation of Assets and Liabilities in Foreign Currencies</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">6.32  </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.20  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Increase in Net Assets</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">5.36  </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.38  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Asset Value, End of Period</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">33.74  </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">$</div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">28.38  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Units Outstanding, End of Period</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">364,713,006  </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">214,889,732  </div></td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Return Based on Net Asset Value (b)</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">18.88%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">13.53%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Ratios to Weighted-Average Net Assets</div></div></div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom;"></td> <td style="vertical-align: bottom; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Expenses without Waivers (c)</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">1.91%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2.07%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Expense Support and Management Fees Waivers (c)</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">— </div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.44%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Accrued Performance Participation Allocation</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2.68%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">2.12%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid;"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Total Expenses</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">4.58%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">3.76%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> </tr> <tr style="font-family: Calibri; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);"> <td style="vertical-align: top; width: 70%;"> <div style="text-indent: -1em; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Net Investment Loss</div></div> </td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-3.48%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div></td> <td style="text-align: right; vertical-align: bottom; white-space: nowrap;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">-0.21%</div></td> <td style="vertical-align: bottom; white-space: nowrap; padding: 0px;"> </td> </tr> <tr style="font-size: 1px;"> <td style="vertical-align: bottom; width: 70%;"></td> <td style="vertical-align: bottom; width: 8%;">  </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; width: 8%;"> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"> </div></div> </td> <td style="vertical-align: bottom; padding: 0px;"> </td> </tr> </table><div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="clear: both; max-height: 0px;"></div> <div style="width: 18%; line-height: 8pt; margin-top: 0pt; margin-bottom: 2pt; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">Amounts may not add due to rounding. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0; font-variant-ligatures: none;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;">(b)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="null;text-indent: 0px;display:inline;">For the year ended December 31, 2025, total return is calculated as the change in Net Asset Value per Aggregator Unit during the period, plus distributions per Aggregator Unit (assuming dividends and distributions are reinvested in accordance with the Aggregator’s distribution reinvestment plan) divided by the beginning Net Asset Value per Aggregator Unit for the year ended December 31, 2025 or the initial Net Asset Value per Aggregator Unit of $</div>25.00 for the year ended December 31, 2024. Total return does not include upfront transaction fees, if any. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px;"></div> <table cellpadding="0" cellspacing="0" style="text-align:start; width: 100%; font-family: Calibri; font-size: 10pt; border-collapse: collapse; border-spacing: 0;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 3%; text-align: left; vertical-align: top;"><div style="letter-spacing: 0px; top: 0px;display:inline;">(c)</div></td> <td style="text-align: left; vertical-align: top;"> <div style="text-align: left; font-family: Calibri; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">For the years ended December 31, 2025 and 2024, the expense ratio includes Management Fees, Organizational Expenses, Professional Fees, Deferred Offering Costs Amortization, Administration Fees and Other. For the year ended December 31, 2025, the expense ratio also includes Interest Expense and Deferred Financing Cost Amortization. </div></div></div> </td> </tr> </table> <div style="clear:both;max-height:0pt;text-indent: 0px;"></div><div style="font-variant-ligatures: none; letter-spacing: 0px; top: 0px;display:inline;"> </div> 28.38 0 0 25 -0.96 0.18 6.32 3.2 5.36 3.38 33.74 28.38 364713006 214889732 0.1888 0.1353 0.0191 0.0207 0 0.0044 0.0268 0.0212 0.0458 0.0376 -0.0348 -0.0021 25 <div style="font-family: Calibri; font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">11. Subsequent Events </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: Calibri; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">The Aggregator has evaluated the impact of all subsequent events through March 13, 2026, which is the date that these consolidated financial statements were available to be issued, and except as noted below, has determined that there were no subsequent events requiring adjustment to, or disclosure in, the consolidated financial statements. </div></div></div> <div style="text-indent: 3%; font-family: Calibri; font-size: 10pt; margin-top: 10pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">As of January 1, 2026, the Aggregator redesignated its existing Class A Units as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Class I-Series</div> I Units, designated two new series of Class I Units, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Class I-Series</div> II Units and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Class I-Series</div> III Units and discontinued its Class B Units. The changes did not result in any adjustments to the consolidated financial statements. </div></div> The changes did not result in any adjustments to the consolidated financial statements. true false false false false State and Local Income Taxes refers to taxes imposed by individual states and local governments on income, property and sales. These taxes vary by jurisdiction and can significantly impact a corporation’s overall effective tax rate. Income Not Subject to Income Tax refers to income from the Aggregator that is not effectively connected with the conduct of a U.S. trade or business. Pass-through Income Not Subject to Income Tax generally refers to the Aggregator’s income that is not effectively connected with a U.S. trade or business nor subject to U.S. corporate income tax, which reduces its effective income tax rate. Amounts may not add due to rounding. Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with the Feeder’s distribution reinvestment plan) divided by the beginning Net Asset Value per Unit for the year ended December 31, 2025 or the initial Net Asset Value per Unit of $25.00 for the year ended December 31, 2024. Total return does not include upfront transaction fees, if any. Equity Investments include different forms of interests and rights and obligations that represent ownership in an entity or the right to acquire or dispose of ownership in an entity, including but not limited to (1) common equity, (2) preferred equity, (3) warrants, (4) royalty streams and (5) other equity-linked securities. Expense ratio includes Professional Fees, Directors’ Fees, and Other. For the year ended December 31, 2024, the expense ratio also included Warehousing Fees. There were no single investments included in this category that exceeded 5% of net assets of the Aggregator, BXPE U.S., the Feeder or a Parallel Fund. Private debt investments include different forms of interests that represent a creditor relationship with an investee, including but not limited to direct lending debt investments. For the years ended December 31, 2025 and 2024, the expense ratio includes Management Fees, Organizational Expenses, Professional Fees, Deferred Offering Costs Amortization, Administration Fees and Other. For the year ended December 31, 2025, the expense ratio also includes Interest Expense and Deferred Financing Cost Amortization. For the year ended December 31, 2025, total return is calculated as the change in Net Asset Value per Aggregator Unit during the period, plus distributions per Aggregator Unit (assuming dividends and distributions are reinvested in accordance with the Aggregator’s distribution reinvestment plan) divided by the beginning Net Asset Value per Aggregator Unit for the year ended December 31, 2025 or the initial Net Asset Value per Aggregator Unit of $25.00 for the year ended December 31, 2024. Total return does not include upfront transaction fees, if any. Refer to Note 3. “Investment in the Aggregator” for details on BXPE U.S.’s proportional share of investments through investees. Fund investments are diversified and are not categorized to one industry. Liquid debt investments include different forms of interests that represent a creditor relationship with an investee, including but not limited (1) bank loans and (2) interests in collateralized loan obligations. Investments that are generally liquid in nature are intended to be held for short durations and may be used to generate income, facilitate capital deployment or provide a potential source of liquidity. Expense ratio includes Professional Fees. For the year ended December 31, 2024, the expense ratio also includes Organizational Expenses. Refer to Note 3. “Investment in BXPE U.S.” for details on the Feeder’s proportional share of investments through investees. The General Partner did not receive any Units for its contribution to BXPE U.S. A portion of this investment is held through Heat Shared Blocker, LLC which in turn invests into Air Control Concepts Holding, L.P. Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with BXPE U.S.’s distribution reinvestment plan) divided by the beginning Net Asset Value per Unit for Class I, Class S and Class D; and the initial Net Asset Value per Unit of $25.00 for Class N for December 31, 2025. Total return does not include upfront transaction fees, if any. Total return is calculated as the change in Net Asset Value per Unit during the period, plus distributions per Unit (assuming dividends and distributions are reinvested in accordance with BXPE U.S.’s distribution reinvestment plan) divided by the initial Net Asset Value per Unit of $25.00 for December 31, 2024. Total return does not include upfront transaction fees, if any. The Equity Investments included primarily invest in Financial Services and Technology & Services. The Affiliated Investee Funds included each primarily invest across certain industries including Energy, Financial Services, Infrastructure, Software, Secondaries, Specialty Finance and Technology & Services. Branch Profit Tax refers to tax on a foreign corporation’s U.S. branch earnings and profits for the year that are effectively connected with the conduct of a U.S. trade or business, to the extent they are not reinvested in branch assets.