BDC Facts & Stats | 30 
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 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 and 
CCO and their respective staffs, including 
for outsourcing. 
Yes (except for 
willful 
misfeasance, 
bad faith, 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
Yes 
Yes 
Reimbursement for costs and expenses 
incurred in performing obligations and 
providing personnel and facilities. 
Yes (except for 
willful 
misfeasance, 
bad faith, gross 
negligence, or 
reckless 
disregard of 
duties or 
obligations). 
No 
Yes 
Reimbursement for all actual costs 
associated with services; Payments under 
Administration Agreement are equal to 
amount based upon its allocable portion of 
Ares Operations’ overhead and other 
expenses (including travel expenses) 
incurred by Ares Operations in performing 
its obligations. 
Yes (except 
willful 
misfeasance, 
bad faith or 
gross 
negligence). 
No 

View this content as a flipbook by clicking here.