Base Management F
Company Name 
IPO Date 
Adviser 
% of Gross  
Assets 
Eq
BlackRock TCP 
Capital Corp. 
(formerly TCP 
Capital Corp.) 
4/03/2012 (fee 
structure revised 
2/09/2019) 
Tennenbaum 
Capital Partners, 
LLC 
1.5% on assets valued 
below 200% of the net 
asset value and 1.0% on 
assets that exceed an 
amount equal to 200% 
Fidus Investment 
Corporation 
6/20/2011 
Fidus Investment 
Advisors, LLC 
1.8% 
New Mountain 
Finance Corporation 
5/19/2011 (fee 
structure revised 
11/01/2021) 
New Mountain  
Finance Advisers  
BDC, L.L.C. 
1.4% 
PennantPark 
Floating Rate Capital 
Ltd. 
4/08/2011 
PennantPark 
Investment 
Advisers, LLC 
1.0% 
Phenixfin Corp. 
(formerly Medley 
Capital Corp.) 
1/20/2011 
MCC Advisors, LLC 
1.8% 
Horizon Technology 
Finance Corporation 
10/28/2010 (fee 
structure revised 
7/01/2014 and 
0/07/2019) 
Horizon 
Technology 
Finance 
Management LLC 
2.0% on assets valued 
below $250 million and 
1.6% on gross assets 
exceeding $250 million 
Great Elm Capital 
Corp. (formerly Full 
Circle Capital 
Corporation) 
8/31/2010 (fee 
structure revised 
9/27/2016) 
Great Elm Capital 
Management, Inc. 
1.5% 
 
3 Capital gains portion of incentive fee subject to total return requirement. 

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