Christopher Nolan: Great. And then finally, Chris, thank you for the service and I hope green pastures going forward for you. So — and welcome to the new team. Thank you.
Michael Mauer: Long straight green pastures. Thank you.
Operator: Thank you very much Mr. Nolan. And our next question comes from Mr. Paul Johnson. Mr. Johnson, go ahead please.
Unidentified Participant: Hi, guys. Good afternoon. Thank for taking my question. In terms of the recent changes and the talk of platform, and maybe potential scale that can come out of that. I was wondering if there’s anything you could share, if you could quantify that at all in terms of how that might actually alleviate some of the expenses at the BDC, particularly for like G&A expenses just because for you guys, I think you’ve historically run a little bit higher than the sector in terms of G&A expenses just because of the overall decline in size of the BDC. But anything you can share there would be great.
Michael Mauer: Yes. I’d just say that — and I’ll pass it over to Rocco. I’d just say that from an AUM and that’s really the basis in which we think about spreading expenses. During this quarter, so it’s kind of mid-quarter this quarter won’t be a full benefit. We’re going to double the AUM between a separately managed account in the first close on the small institutional fund. We’re targeting to grow that institutional funds throughout the year, and we’re targeting to have another fund closed, during the year. But Rocco, I’ll let you comment.
Rocco DelGuercio: Yes. I mean the expenses on the public fund, definitely in the share is definitely going to come down. To Mike’s point, it’s going to kind of be a look back. So I’ll take a look at the AUM at the end of the quarter and kind of look back. I can’t really tell you how much it is right now, but they definitely are going to come down. Hopefully, that — I’m not quite sure, if I answered your question, Paul.
Michael Mauer: There’s no doubt directionally, they’re going to go, and we are working to continue to build that platform —
Unidentified Participant: That’s good to know. Hopefully continue to do so. And then a lot of BDCs this quarter have provided just general and some more specific assessments of their portfolio? Just kind of going into the year, obviously, kind of with the expectation that we’re potentially headed into a recession in terms of whether that would be just overall credit quality or interest coverage that sort of thing. I was wondering if you have or again, with the changes you’ve made there recently, if you intend to do so and provide those results, with just kind of the overall performance of the portfolio.
Michael Mauer: Yes. We intend to continue looking at those from our ratings of one through five and four and five, are the ones where we see the most credit risk and whether or not it’s nonaccrual or not. And so those, I think, are the way that we are approaching it. I’m not sure we’ll take a look at the way others are doing it, but we’re not planning on starting additional metrics. .
Unidentified Participant: Got it. Okay. Thanks for taking my questions.
Michael Mauer: Yeah. Thank you, Paul.
Operator: Thank you very much Mr. Johnson. And I don’t see any other questions. None on to queue.
Michael Mauer: Well, I’d like to thank everyone. We look forward to talking to you after the March quarter end, and following up in the meantime. Thank you very much.
Operator: Thank you, everyone. And this concludes today’s conference call. Thank you again for attending.
