BDC Facts & Stats | 20 
Managerial 
Services 
Compensation/Allocation of Costs and  
Expenses 
Indemnification 
Delegation 
Allowed 
g 
d 
al 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities, which 
include, but are not limited to, amounts 
based upon allocable portion (subject to 
review by BDC’s board of directors) of 
overhead in performing obligations, 
including rent, fees, and expenses 
associated with performing compliance 
functions, and the allocable portion of cost 
of CFO and CCO and their respective staffs, 
and additional amounts based on 
managerial services provided to portfolio 
companies, if any, which shall not exceed 
amounts received from such portfolio 
companies for providing such managerial 
services, including for outsourcing. 
Yes (except for 
criminal 
conduct, willful 
misfeasance, 
bad faith or 
gross 
negligence). 
Yes 
d 
al 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities, which 
include, but are not limited to, amounts 
based upon the allocable portion of 
overhead in performing obligations, 
including rent, fees, and expenses 
associated with performing compliance 
functions, and the allocable portion of cost 
of CFO, CCO, and their respective staffs and 
allocable portion of compensation of any 
administrative support staff, including for 
outsourcing. 
Yes (except for 
willful 
misfeasance, 
bad faith or 
negligence). 
Yes 

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