Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v3.23.2
RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes the base management fee, incentive fee, and loan servicing fee and associated non-contractual, unconditional and irrevocable credits reflected in our accompanying Consolidated Statements of Operations:
Three Months Ended
June 30,
Nine Months Ended
June 30,
2023 2022 2023 2022
Average total assets subject to base management fee(A)
$ 709,943  $ 571,657  $ 672,990  $ 571,429 
Multiplied by prorated annual base management fee of 1.75%
0.4375  % 0.4375  % 1.3125  % 1.3125  %
Base management fee(B)
$ 3,106  $ 2,501  $ 8,833  $ 7,500 
Portfolio company fee credit (1,894) (1,099) (2,987) (3,027)
Syndicated loan fee credit
(32) (35) (95) (136)
Net Base Management Fee $ 1,180  $ 1,367  $ 5,751  $ 4,337 
Loan servicing fee(B)
2,069  1,614  5,866  4,596 
Credit to base management fee - loan servicing fee(B)
(2,069) (1,614) (5,866) (4,596)
Net Loan Servicing Fee $   $ —  $   $ — 
Incentive fee(B)
2,919  1,579  7,508  5,641 
Incentive fee credit
  (437)   (437)
Net Incentive Fee $ 2,919  $ 1,142  $ 7,508  $ 5,204 
Portfolio company fee credit (1,894) (1,099) (2,987) (3,027)
Syndicated loan fee credit
(32) (35) (95) (136)
Incentive fee credit   (437)   (437)
Credits to Fees From Adviser - other(B)
$ (1,926) $ (1,571) $ (3,082) $ (3,600)
(A)Average total assets subject to the base management fee is defined in the Advisory Agreement as total assets, including investments made with proceeds of borrowings, less any uninvested cash or cash equivalents resulting from borrowings, valued at the end of the two most recently completed quarters within the respective years and adjusted appropriately for any share issuances or repurchases during the period.
(B)Reflected as a line item on our accompanying Consolidated Statements of Operations.
Amounts due to related parties on our accompanying Consolidated Statements of Assets and Liabilities were as follows:
June 30, 2023 September 30, 2022
Base management fee due to Adviser $ (890) $ (189)
Loan servicing fee due to Adviser 484  423 
Incentive fee due to Adviser 2,919  1,870 
Total fees due to Adviser
2,513  2,104 
Fee due to Administrator
696  423 
Total Related Party Fees Due
$ 3,209  $ 2,527