| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| VANGUARD FEDERAL MONKEY MARKET FUND | 3,197 | 3,197 |
| NEW MOUNTAIN FINANCE CORP | 248,837 | 248,837 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-C | 2,246 | 2,246 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-D | 29,741 | 29,741 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-E | 19,760 | 19,760 |
| BLACKSTONE TACTICAL OPPORTUNITIES III CORP | 899,168 | 899,168 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-F | 25,268 | 25,268 |
| VANGUARD S&P 500 INDEX FUND | 246,858 | 246,858 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| JFL EQUITY INVESTORS IV LP | AT COST | 129,777 | 129,777 |
| NEW MOUNTAIN PARTNERS V LP | AT COST | 220,998 | 220,998 |
| AVISTA CAPITAL PARTNERS V LP | AT COST | 483,999 | 483,999 |
| NEW MOUNTAIN PARTNERS V (AIV-A2) LP | AT COST | 9,455 | 9,455 |
| NEW MOUNTAIN PARTNERS V (AIV-C2) LP | AT COST | 22,561 | 22,561 |
| NEW MOUNTAIN PARTNERS V (AIV-D2) LP | AT COST | 29,428 | 29,428 |
| NEW MOUNTAIN PARTNERS VI LP | AT COST | 363,506 | 363,506 |
| NEW MOUNTAIN PARTNERS VI AGGREGATOR LP | AT COST | 321,529 | 321,529 |
| BTOF III DE LP | AT COST | 11,321 | 11,321 |
| BTOF (HAMMER FEEDER) HOLDINGS NQ LP | AT COST | 18,501 | 18,501 |
| BTOF AR FINANCE FEEDER PARENT LP | AT COST | 54 | 54 |
| CARLYLE PARTNERS VIII LP | AT COST | 83,414 | 83,414 |
| CARLYLE PARTNERS VIII CAYMAN LP | AT COST | 30,950 | 30,950 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-B | AT COST | 16 | 16 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FIDELITY FEES | 15 | 15 | 0 | |
| INVESTMENT INTEREST EXPENSE THROUGH K-1S | 18,712 | 18,712 | 0 | |
| PORTFOLIO EXPENSE THROUGH K-1S | 47,506 | 47,506 | 0 | |
| ROUNDING | 2 | 2 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INTEREST INCOME THROUGH JFL EQUITY INVESTORS K-1 | 170 | 170 | 170 |
| INTEREST INCOME THROUGH AVISTA CAPITAL K-1 | 2,648 | 2,648 | 2,648 |
| INTEREST INCOME THROUGH CARLYLE PARTNERS VIII K-1 | 3 | 3 | 3 |
| INTEREST INCOME THROUGH CARLYLE PARTNERS VIII CAYMAN K-1 | 9 | 9 | 9 |
| INTEREST INCOME THROUGH CP VIII CIRCLE LP K-1 | 7 | 6 | 7 |
| INTEREST INCOME THROUGH NEW MOUNTAIN PARTNERS V K-1 | 14 | 14 | 14 |
| INTEREST INCOME THROUGH NEW MOUNTAIN PARTNERS VI K-1 | 10 | 10 | 10 |
| DIVIDEND INCOME THROUGH AVISTA CAPITAL LP K-1 | 8 | 8 | 8 |
| DIVIDEND INCOME THROUGH CP VIII CIRCLE LP K-1 | 103 | 103 | 103 |
| DIVIDEND INCOME THROUGH NEW MOUNTAIN PARTNERS VI AGGREGATOR K-1 | 113 | 113 | 113 |
| DIVIDEND INCOME FROM BTOF III PFICS | 87,955 | 87,955 | 87,955 |
| OTHER PORTFOLIO INCOME THROUGH BTOF AR FINANCE K-1 | 54 | 54 | 54 |
| OTHER PORTFOLIO INCOME THROUGH CARLYLE PARTNERS VIII CAYMAN K-1 | 3 | 3 | 3 |
| OTHER PORTFOLIO INCOME THROUGH AVISTA PARTNERS K-1 | 1,014 | 1,014 | 1,014 |
| OTHER PORTFOLIO INCOME THROUGH CP VIII CIRCLE LP K-1 | 38 | 38 | 38 |
| DIVIDEND INCOME FROM BTOF III | 25,075 | 25,075 | 25,075 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| INVESTMENT IN BLACKSTONE TACTICAL Q L.P | 11 | 30 |
| Name | Address |
|---|---|
| RICHARD LICHTER |
C/O NEWBURY PARTNERS LLC 100 FIRST STAMFORD PL 2ND FLOOR STAMFORD,CT06902 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 9,108 | 0 | 0 | |
| FOREIGN TAXES THROUGH VANGUARD | 101 | 0 | 0 |