That investment in the company is invested against promises of hitting a milestone at the company level. While your sales increase by 10%, while your revenues increase by x, or your profitability, we monitor the performance of the company, and we monitor it as well with other fund investors. The $1 we invest is worth something. A year later, if the company has not met their milestone, there's a reduction of the value of that investment by 25%.
Opposite to that, if that company is hitting the milestone, is progressing, and needs additional financing, if an external investor comes into the round and validates the value of the company, then there is an increase of the fair value. There's the cost aspect, and then there's the fair value.
At BDC, we monitor the cost—the $1 going into the company—and we monitor the fair value of that investment over time, validated by external investors and often U.S. investors. We report the value of that investment on fair value, and that fair value is a contribution to the net income of the bank.