| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 26,500 | 26,500 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BLACKSTONE TACTICAL OPPORTUNITIES III CORP | 985,184 | 985,184 |
| NEW MOUNTAIN FINANCE CORP | 248,837 | 254,400 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-D | 35 | 35 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-F | 25,292 | 25,292 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-E | 19,797 | 19,797 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-C | 2,246 | 2,246 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| NEW MOUNTAIN PARTNERS VI LP | AT COST | 616,569 | 616,569 |
| AVISTA CAPITAL PARTNERS V LP | AT COST | 482,474 | 482,474 |
| NEW MOUNTAIN PARTNERS VI AGGREGATOR LP | AT COST | 481,316 | 481,316 |
| CARLYLE PARTNERS VIII LP | AT COST | 340,266 | 340,266 |
| VANGUARD FUNDS | AT COST | 253,892 | 235,534 |
| NEW MOUNTAIN PARTNERS V LP | AT COST | 224,339 | 224,339 |
| JFL EQUITY INVESTORS IV LP | AT COST | 139,983 | 139,983 |
| JFL AIV US INVESTORS VI LP | AT COST | 50,129 | 50,129 |
| CARLYLE PARTNERS VIII CAYMAN LP | AT COST | 29,742 | 29,742 |
| NEW MOUNTAIN PARTNERS V (AIV-D2) LP | AT COST | 29,478 | 29,478 |
| BTOF (HAMMER FEEDER) HOLDINGS NQ LP | AT COST | 22,260 | 22,260 |
| JFL EQUITY INVESTORS VI LP | AT COST | 16,624 | 16,624 |
| BTOF III DE LP | AT COST | 15,460 | 15,460 |
| NEW MOUNTAIN PARTNERS V (AIV-A2) LP | AT COST | 9,475 | 9,475 |
| VANGUARD FEDERAL MONKEY MARKET FUND | AT COST | 3,360 | 3,360 |
| BTOF AR FINANCE FEEDER PARENT LP | AT COST | 1,638 | 1,638 |
| NEW MOUNTAIN PARTNERS SPECIAL AIV-B | AT COST | 16 | 16 |
| BTOF (GOLF FEEDER PARENT) - 892/US T-E - NQ L.P. | AT COST | 13 | 13 |
| CP CIRCLE VIII LP | AT COST | 53,612 | 53,612 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT INTEREST EXPENSE THROUGH K-1S | 35,326 | 35,326 | 0 | |
| PORTFOLIO EXPENSE THROUGH K-1S | 62,770 | 62,770 | 0 | |
| CHARITABLE CONTRIBUTIONS THROUGH CP CIRCLE VIII LP K-1 | 9 | 9 | 0 | |
| NON-DEDUCTIBLE EXPENSES THROUGH K-1S | 20 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER PORTFOLIO INCOME THROUGH AVISTA PARTNERS K-1 | -198 | -198 | -198 |
| DIVIDEND INCOME THROUGH CP VIII CIRCLE LP K-1 | 1 | 1 | 1 |
| OTHER PORTFOLIO INCOME THROUGH BTOF GOLF FEEDER PARENT K-1 | 2 | 2 | 2 |
| INTEREST INCOME THROUGH NEW MOUNTAIN PARTNERS V (AIV-D2) K-1 | 3 | 3 | 3 |
| INTEREST INCOME THROUGH BTOF III DE K-1 | 5 | 5 | 5 |
| DIVIDEND INCOME THROUGH AVISTA CAPITAL LP K-1 | 21 | 21 | 21 |
| DIVIDEND INCOME THROUGH CARLYLE PARTNERS VIII LP K-1 | 21 | 21 | 21 |
| INTEREST INCOME THROUGH CARLYLE PARTNERS VIII CAYMAN K-1 | 27 | 27 | 27 |
| INTEREST INCOME THROUGH JFL AIV US INVESTORS VI LP K-1 | 28 | 28 | 28 |
| OTHER PORTFOLIO INCOME THROUGH CP VIII CIRCLE LP K-1 | 39 | 39 | 39 |
| INTEREST INCOME THROUGH CP VIII CIRCLE LP K-1 | 39 | 39 | 39 |
| INTEREST INCOME THROUGH NEW MOUNTAIN PARTNERS VI K-1 | 51 | 51 | 51 |
| INTEREST INCOME THROUGH NEW MOUNTAIN PARTNERS V K-1 | 90 | 90 | 90 |
| INTEREST INCOME THROUGH NEW MOUNTAIN PARTNERS V (AIV-C2) K-1 | 110 | 110 | 110 |
| INTEREST INCOME THROUGH JFL EQUITY INVESTORS VI LP K-1 | 119 | 119 | 119 |
| INTEREST INCOME THROUGH CARLYLE PARTNERS VIII K-1 | 154 | 154 | 154 |
| OTHER PORTFOLIO INCOME THROUGH BTOF AR FINANCE FEEDER K-1 | 384 | 384 | 384 |
| DIVIDEND INCOME THROUGH BTOF AR FINANCE FEEDER K-1 | 394 | 394 | 394 |
| INTEREST INCOME THROUGH JFL EQUITY INVESTORS IV K-1 | 543 | 543 | 543 |
| INTEREST INCOME THROUGH BTOF AR FINANCE FEEDER K-1 | 823 | 823 | 823 |
| DIVIDEND INCOME THROUGH NEW MOUNTAIN PARTNERS VI AGGREGATOR K-1 | 1,016 | 1,016 | 1,016 |
| OTHER PORTFOLIO INCOME THROUGH JFL AIV US INVESTORS VI LP K-1 | 1,240 | 1,240 | 1,240 |
| INTEREST INCOME THROUGH AVISTA CAPITAL K-1 | 2,986 | 2,986 | 2,986 |
| OTHER PORTFOLIO INCOME THROUGH JFL EQUITY INVESTORS VI LP K-1 | 3,426 | 3,426 | 3,426 |
| DIVIDEND INCOME THROUGH NEW MOUNTAIN PARTNERS V K-1 | 4,124 | 4,124 | 4,124 |
| DIVIDEND INCOME FROM BTOF III | 7,689 | 7,689 | 7,689 |
| DIVIDEND INCOME FROM BTOF III PFICS | 86,878 | 86,878 | 86,878 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| INVESTMENT IN BLACKSTONE TACTICAL Q L.P | 30 | 0 |
| 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 |
|---|---|---|---|---|
| FOREIGN TAXES THROUGH VANGUARD | 72 | 72 | 0 | |
| FOREIGN TAXES THROUGH CP CIRCLE VIII LP K-1 | 7 | 7 | 0 |