BDC Facts & Stats | 5 
Fee 
Incentive Fee 
Excludes  
Cash and  
Cash  
quivalents? 
Fee Based  
on % of Net  
Investment  
Income 
Deferred 
Interest 
Payments 
Relating to PIK 
or OID 
Hurdle Rate  
(annualized,  
except as  
noted) 
Catch-Up Rate 
(annualized, 
except  
as noted) 
Look-Back  
Feature/Total 
Return  
Requirement 
Fee Based 
on % of 
Capital  
Gains 
Yes 
20.0% 
Yes 
7.0% 
8.76% 
No 
20.0% 
No 
15% before 
the end of the 
Waiver 
Period;1 
17.5% after 
the Waiver 
Period 
Yes 
6.0% 
7.06% before 
the end of the 
Waiver 
Period; 7.27% 
after the 
Waiver Period 
No 
17.5% 
No 
20.0% 
Yes 
8.0% 
10.67% 
Yes 
20.0% 
Yes 
17.5% 
Yes 
7.0% 
8.49% 
Yes 
17.5% 
Yes 
17.5% 
Yes 
6.0% 
7.28% 
No 
17.5% 

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