Risk Factors Update Summary

• Elevated interest rates and persistent inflation may adversely affect the company's portfolio companies and investments.
• Transitioning from LIBOR to SOFR may negatively impact net interest margin due to lower rates.
• Risk management activities expanded to include various strategies and derivative instruments to limit exposure.
• The Federal Reserve increased the federal funds rate by 1% since the start of 2023, impacting financial conditions.
• Limited market experience with SOFR-based rates may lead to unanticipated difficulties.
• Increased scrutiny on ESG practices and disclosures, impacting brand value and ability to raise capital.
• The historical returns of the company's products may not indicate future results, affecting investor expectations.
• Changes in tax laws could result in increased tax burden and impact returns significantly.
• Transition from LIBOR to SOFR may affect cost of capital and earnings from investments.
• Rapidly rising interest rates could result in elevated costs of labor and potential future losses.
• The company's growth may be challenging to sustain, leading to increased demands on resources.
• The company's AUM has significantly grown, impacting the need for a scalable operational infrastructure.
• Acquisitions like the CHI Oak Street and Wellfleet Acquisitions have expanded the company's offerings.