RELATED-PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2014

RELATED-PARTY TRANSACTIONS

Schedule of calculation of asset management fees payable to related party as a percentage of the daily average gross fair value of investments

Daily Average Gross Fair Value of Investments				Quarterly
From Greater of		To and Including		Fee Percentage
(in thousands)
$	—	$	500,000		0.2500	%
	500,000		1,000,000		0.2375
	1,000,000		1,500,000		0.2250
	1,500,000		4,000,000		0.2125
	4,000,000		20,000,000		0.1000