/s/ David N. Miller |
By Order of the Board of Directors, /s/ Joanne Cosiol |
Name of Individual or Identity of Group | | | Type of ownership | | | Number of Shares of Common Stock Beneficially Owned(1) | | | Percent of Common Stock Beneficially Owned(1) | | ||||||
Directors and Executive Officers: | | | | | | | | | | | | | | | | |
Interested Directors | | | | | | | | | | | | | | | | |
David N. Miller(2) | | | Record/Beneficial | | | | | 10,527 | | | | | | * | | |
Jeffrey S. Levin | | | Record/Beneficial | | | | | 42,033 | | | | | | * | | |
Independent Directors | | | | | | | | | | | | | | | | |
Joan Binstock(3) | | | Record/Beneficial | | | | | 24,050 | | | | | | * | | |
Bruce D. Frank(4) | | | Record/Beneficial | | | | | 2,414 | | | | | | * | | |
Kevin Shannon | | | Record/Beneficial | | | | | 20,797 | | | | | | * | | |
Adam Metz(5) | | | Record/Beneficial | | | | | 41,939 | | | | | | * | | |
Executive Officers Who Are Not Directors | | | | | | | | | | | | | | | | |
Orit Mizrachi | | | Record/Beneficial | | | | | 4,211 | | | | | | * | | |
Michael Occi | | | N/A | | | | | — | | | | | | | | |
Venugopal Rathi | | | Record/Beneficial | | | | | 4,211 | | | | | | * | | |
Thomas P. Torrisi | | | N/A | | | | | — | | | | | | * | | |
All Directors and Executive Officers as a Group (nine persons) | | | | | | | | 150,182 | | | | | | 0.21% | | |
Beneficial Ownership of 5% or More: | | | | | | | | | | | | | | | | |
MS Credit Partners Holdings Inc.(6) | | | Record/Beneficial | | | | | 8,414,293 | | | | | | 11.9% | | |
Name of Individual or Identity of Group | Number of Shares of Common Stock Beneficially Owned (1) | Percent of Common Stock Beneficially Owned (1) | |||||||||||||||||||||||||||
Directors and Executive Officers: | |||||||||||||||||||||||||||||
Interested Directors | |||||||||||||||||||||||||||||
David N. Miller(2) | 8,888.689 | * | |||||||||||||||||||||||||||
Jeffrey S. Levin | 35,481.448 | * | |||||||||||||||||||||||||||
Independent Directors | |||||||||||||||||||||||||||||
Joan Binstock(3) | 18,826.915 | * | |||||||||||||||||||||||||||
Bruce D. Frank(4) | 1,890.683 | * | |||||||||||||||||||||||||||
Kevin Shannon | 17,520.858 | * | |||||||||||||||||||||||||||
Adam Metz(5) | 35,387.375 | * | |||||||||||||||||||||||||||
Executive Officers Who Are Not Directors | |||||||||||||||||||||||||||||
Orit Mizrachi | 3,555.477 | * | |||||||||||||||||||||||||||
Venugopal Rathi | 3,555.477 | * | |||||||||||||||||||||||||||
Grove Stafford | — | * | |||||||||||||||||||||||||||
All Directors and Executive Officers as a Group (nine persons) | 125,106.922 | 0.22% | |||||||||||||||||||||||||||
Beneficial Ownership of 5% or More: | |||||||||||||||||||||||||||||
MS Credit Partners Holdings Inc.(6) | 7,104,132.284 | 12.42% |
Age | Position(s) held with the Company | Expiration of Term | Director Since | Principal Occupation(s) During Past 5 Year | Number of Portfolios in Fund Complex Overseen by Director(1) | Other Directorships of Public or Registered Investment Companies Held by Director or Nominee for Director During Past Five Years | |||||||||||||||||||||||||||||||||||
Nominees for Class III Directors | |||||||||||||||||||||||||||||||||||||||||
Independent Directors | |||||||||||||||||||||||||||||||||||||||||
Bruce D. Frank | 68 | Director | 2022 | 2019 | Retired | 4 | ACRE Realty Investors Inc. from November 2014 to December 2018 |
| Nominees for Class I Directors | | | Age | | | Position(s) held with the Company | | | Expiration of Term | | | Director Since | | | Principal Occupation(s) During Past 5 Year | | | Number of Portfolios in Fund Complex Overseen by Director(1) | | | Other Directorships of Public or Registered Investment Companies Held by Director or Nominee for Director During Past Five Years | |
| Interested Director | | | | | | | | | | | | | | | | | | | | | | |
| David Miller(2) | | | 47 | | | Director | | | 2023 | | | 2019 | | | Head of Global Private Credit & Equity at Morgan Stanley and a member of the Morgan Stanley Investment Management (“MSIM” or “IM”) operating committee since 2016 | | | 4 | | | None | |
| Independent Director | | | | | | | | | | | | | | | | | | | | | | |
| Kevin Shannon | | | 68 | | | Director | | | 2023 | | | 2019 | | | Chief Financial Officer of the Harvard Management Company, Inc. from September 2009 to April 2020, a member of its Operating Committee from September 2009 to December 2018 and chair of its Valuation Committee from June 2015 to December 2017 | | | 4 | | | None | |
| Incumbent Class II Directors | | | | | | | | | | | | | | | | | | | | | | |
| Interested Director | | | | | | | | | | | | | | | | | | | | | | |
| Jeffrey S. Levin(3) | | | 42 | | | Chief Executive Officer and President, Director | | | 2024 | | | 2019 | | | Chief Executive Officer and President of the Company since October 2019; Chief Executive Officer and President of the other MS BDCs since their formation; Co-Head of Morgan Stanley’s North America Private Credit Team; Partner at The Carlyle Group and President of TCG BDC, Inc. and TCG BDC II, Inc. from May 2016 to February 2019 | | | 4 | | | None | |
| Independent Director | | | | | | | | | | | | | | | | | | | | | | |
| Joan Binstock | | | 69 | | | Director | | | 2024 | | | 2019 | | | Senior Advisor at Lovell Minnick Partners, LLC since July 2018; Partner at Lord, Abbett & Co. LLC from 2000 to March 2018, including positions as Chief Operating Officer and Chief Financial Officer | | | 4 | | | Brown Brother Harriman US Mutual Funds since September 2019; KKR Real Estate Select Trust, Inc. since August 2020; SimCorp A/S from April 2018 to March 2023 | |
| Incumbent Class III Directors | | | | | | | | | | | | | | | | | | | | | | |
| Independent Directors | | | | | | | | | | | | | | | | | | | | | | |
| Bruce D. Frank | | | 69 | | | Director | | | 2025 | | | 2019 | | | Retired | | | 4 | | | Landsea Homes Corp. since 2015 | |
| Adam Metz | | | 61 | | | Director | | | 2025 | | | 2019 | | | Head of International Real Estate of The Carlyle Group from October 2013 to April 2018 | | | 4 | | | Seritage Growth Properties from March 2022 to present; Galata Acquisition Corp. from 2021 – present; Hammerson PLC from July 2019 – present | |
Adam Metz | 60 | Director | 2022 | 2019 | Head of International Real Estate of The Carlyle Group from October 2013 to April 2018 | 4 | Seritage Growth Properties from March 2022 to present; Galata Acquisition Corp. from 2021 – present; Hammerson PLC from July 2019 – present; Forest City Enterprises from April 2018 to December 2018 | ||||||||||||||||||||||||||||||||||
Class I Directors | |||||||||||||||||||||||||||||||||||||||||
Interested Director | |||||||||||||||||||||||||||||||||||||||||
David N. Miller(2) | 46 | Chair of the Board | 2023 | 2019 | Head of Global Private Credit & Equity at Morgan Stanley and a member of the Morgan Stanley Investment Management (“MSIM” or “IM”) operating committee since 2016; President and Chief Executive Officer of Silver Bay Realty Trust Corp., a publicly traded real estate investment trust from 2012 to January 2016 | 4 | None | ||||||||||||||||||||||||||||||||||
Independent Director | |||||||||||||||||||||||||||||||||||||||||
Kevin Shannon | 67 | Director | 2023 | 2019 | Chief Financial Officer of the Harvard Management Company, Inc. from September 2009 to April 2020, a member of its Operating Committee from September 2009 to December 2018 and chair of its Valuation Committee from June 2015 to December 2017 | 4 | None | ||||||||||||||||||||||||||||||||||
Class II Directors | |||||||||||||||||||||||||||||||||||||||||
Interested Director | |||||||||||||||||||||||||||||||||||||||||
Jeffrey S. Levin(3) | 41 | Chief Executive Officer and President, Director | 2024 | 2019 | Chief Executive Officer and President of the Company since October 2019; Chief Executive Officer and President of the other MS BDCs since their formation; Co-Head of Morgan Stanley's North America Private Credit Team; Partner at The Carlyle Group and President of TCG BDC, Inc. and TCG BDC II, Inc. from May 2016 to February 2019 | 4 | None |
Independent Director | |||||||||||||||||||||||||||||||||||||||||
Joan Binstock | 68 | Director | 2024 | 2019 | Senior Advisor at Lovell Minnick Partners, LLC since June 2018; Partner at Lord, Abbett & Co. LLC from 2000 to April 2017, including positions as Chief Operating Officer and Chief Financial Officer | 4 | SimCorp A/S since March 2018; Brown Brother Harriman US Mutual Funds since September 2019; KKR Real Estate Select Trust, Inc. since August 2020 |
| | | |||||||||||||||||||||
Dollar Range of Common Stock Beneficially Owned in the Company(1)(2) | | | Aggregate Dollar Range of Equity Fund | | |||||||||||||||||||
Interested Directors | | | | | | | | ||||||||||||||||
David N. Miller | | | Over $100,000 | | | Over $100,000 | | ||||||||||||||||
Jeffrey S. Levin | | | Over $100,000 | | | Over $100,000 | | ||||||||||||||||
Independent Directors | | | | | | | | ||||||||||||||||
Joan Binstock | | | Over $100,000 | | | Over $100,000 | | ||||||||||||||||
Bruce D. Frank | | | $10,001 | | | $50,001 | | ||||||||||||||||
Kevin Shannon | | | Over $100,000 | | | Over $100,000 | | ||||||||||||||||
Adam Metz | | | Over $100,000 | | | Over $100,000 | |
| | | | Age | | | Position | | | Number of Portfolios in Fund Complex Overseen by Officer(1) | | | Officer Since | |
| Orit Mizrachi | | | 50 | | | Chief Operating Officer | | | 4 | | | 2019 | |
| Michael Occi | | | 39 | | | Chief Administrative Officer | | | 4 | | | 2023 | |
| Venugopal Rathi | | | 43 | | | Chief Financial Officer | | | 4 | | | 2019 | |
| Thomas P. Torrisi | | | 48 | | | Chief Compliance Officer | | | 4 | | | 2022 | |
Age | Position | Number of Portfolios in Fund Complex Overseen by Officer(1) | Officer Since | ||||||||||||||||||||||||||
Orit Mizrachi | 50 | Chief Operating Officer and Secretary | 4 | 2019 | |||||||||||||||||||||||||
Venugopal Rathi | 42 | Chief Financial Officer | 4 | 2019 | |||||||||||||||||||||||||
Grove Stafford | 45 | Chief Compliance Officer | 4 | 2019 |
| | | Total Compensation from the Company | | | Total Compensation from the Fund Complex(1) | | ||||||
Joan Binstock | | | | $ | 87,500 | | | | | $ | 262,500 | | |
Bruce D. Frank | | | | $ | 95,000 | | | | | $ | 287,500 | | |
Kevin Shannon | | | | $ | 87,500 | | | | | $ | 262,500 | | |
Adam Metz | | | | $ | 87,500 | | | | | $ | 262,500 | | |
Total Compensation from the Company | Total Compensation from the Fund Complex(1) | |||||||||||||||||||||||||||||||
Joan Binstock | $ | 83,000 | $ | 143,900 | ||||||||||||||||||||||||||||
Bruce D. Frank | $ | 90,500 | $ | 157,490 | ||||||||||||||||||||||||||||
Kevin Shannon | $ | 83,000 | $ | 143,900 | ||||||||||||||||||||||||||||
Adam Metz | $ | 84,000 | $ | 144,900 |
Fiscal Year/Period | | | Audit Fees | | | Audit-Related Fees(1) | | | Tax Fees(2) | | | All Other Fees(3) | | ||||||||||||
2022 | | | | $ | 390,000 | | | | | $ | — | | | | | $ | — | | | | | | | | |
2021 | | | | $ | 360,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Fiscal Year/Period | Audit Fees | Audit-Related Fees (1) | Tax Fees (2) | All Other Fees (3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021......................................... | $360,000 | $— | $— | $ | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020.......................................... | $230,000 | $— | $28,500 | $ | — |