Capital Account

Statement period: Q1 2025

Account Summary

Opening Balance$9,800,000

Capital Contributions$1,450,000

Management Fees($145,000)

Expenses($32,000)

Realized Gains$420,000

Unrealized Gains$1,157,000

Distributions($200,000)

Ending Balance$12,450,000

NAV History

QuarterNAVChange

Q1 2025$12,450,000+4.2%

Q4 2024$11,950,000+6.8%

Q3 2024$11,190,000+3.1%

Q2 2024$10,850,000+5.4%

Q1 2024$10,290,000+2.9%

Q4 2023$9,998,000+4.6%

Q3 2023$9,560,000+3.8%

Q2 2023$9,210,000+2.1%

Capital account balances are preliminary and subject to audit adjustment. Final audited statements are provided annually. All figures are net of fees and expenses.