BDC Adviser Fees The chart below summarizes the adviser fee structures for exchange-listed BDCs and se 2026. BDCs are listed in reverse chronological order based on the date of their respecti Base Management F Company Name IPO Date Adviser % of Gross Assets E Robinhood Ventures Fund II 8/13/2026 Robinhood Ventures DE, LLC 2.0% of net assets Blue Owl Technology Finance Corporation (formerly Owl Rock Technology Finance Corp.) 6/12/2025 Owl Rock Technology Advisors LLC 1.5% of average gross assets up to an asset coverage ratio of 200%; 1.0% of average gross assets above an asset coverage ratio of 200% MSC Income Fund, Inc. 1/28/2025 MSC Adviser I, LLC 1.8% Kayne Anderson BDC, Inc. 5/21/2024 KA Credit Advisors, LLC 1.0% Nuveen Churchill Direct Lending Corp. 1/24/2024 Churchill DLC Advisor LLC, Churchill Asset Management LLC (sub-advisor) 0.8% for the first five quarters beginning with the calendar quarter in which the offering is consummated; 1.0% thereafter Morgan Stanley Direct Lending Fund 1/23/2024 MS Capital Partners Adviser Inc. 1.0% Palmer Square Capital BDC, Inc. 1/17/2024 Palmer Square BDC Advisor LLC 0.7%
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