BDC Facts & Stats | 33 
Managerial 
Services 
Compensation/Allocation of Costs and  
Expenses 
Indemnification 
Delegation 
Allowed 
d 
al 
Yes 
Reimbursement for costs and expenses 
incurred by the Administrator in performing 
its obligations and providing personnel and 
facilities, which include, but are not limited 
to, amounts based upon allocable portion of 
overhead in performing obligations, 
including rent, fees, and expenses 
associated with performing compliance 
functions, and allocable portion of cost of 
CFO and CCO and their respective staffs. 
Yes (except for 
willful 
misfeasance, 
bad faith or by 
reason of 
reckless 
disregard of the 
administrator’s 
duties and 
obligations). 
No 

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