Structure | Perpetually non-traded business development company; OTIC does not intend to seek a liquidity event |
---|---|
Management fee | 1.25% of net assets (no management fee on leverage) |
Incentive fee | • 12.5% of net investment income subject to 5% hurdle • 12.5% of realized capital gains |
Distributions1 | Paid monthly (distributions are not guaranteed, may represent a return of capital and may be paid from sources other than cash flow from operations) |
Tax reporting | 1099 |
Closings | Monthly closes; 100% of capital invested upon closing |
Liquidity2 | Up to 5%/quarter; 20%/year of outstanding shares (share repurchase plan). No early withdrawal charge. |
Class S | Class D | Class I | |
---|---|---|---|
Minimal initial investment | Investment minimums may vary. Please consult your financial representative. | ||
Max upfront fee4,5 | Up to 3.50% of net offering proceeds | Up to 1.50% of net offering proceeds | None |
Ongoing service fee4,6 | 0.85% of net asset value (annualized) | 0.25% of net asset value (annualized) | None |