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Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | 8. COMMITMENTS AND CONTINGENCIES Commitments The Company may enter into investment commitments through executed credit agreements or commitment letters. In many circumstances, for executed commitment letters, borrower acceptance and final terms are subject to transaction-related contingencies. As of June 30, 2026, the Company believed that it had adequate financial resources to satisfy its unfunded commitments. The Company had the following unfunded commitments by investment types:
|  | Unfunded Commitment Balances(1) |
|  | June 30, 2026 |  |  | December 31, 2025 |
1st Lien/Senior Secured Debt |  |  |  |  |  |
AAG KP Borrower LLC (dba KUIU) |  | $ | 3,140 |  |  | $ | 3,358 |
Abacus Data Holdings, Inc. (dba Clutch Intermediate Holdings) |  |  | 1,220 |  |  |  | 1,220 |
ABC Investment Holdco Inc. (dba ABC Plumbing) |  |  | 4,019 |  |  |  | 2,063 |
Accommodations Plus Technologies LLC |  |  | 439 |  |  |  | 439 |
Admiral Buyer, Inc. (dba Fidelity Payment Services) |  |  | 3,913 |  |  |  | 3,914 |
AGS Health BCP Holdings, Inc. (dba AGS Health) |  |  | 15,340 |  |  |  | 15,340 |
AGS Health BCP LLC (dba AGS Health) |  |  | 8,522 |  |  |  | 8,522 |
AI Titan Parent, Inc. (dba Prometheus) |  |  | 2,007 |  |  |  | 2,007 |
Airwavz Solutions, Inc. |  |  | 1,863 |  |  |  | 2,549 |
AQ Helios Buyer, Inc. (dba SurePoint) |  |  | 925 |  |  |  | 925 |
AQ Sunshine, Inc. (dba Relation Insurance) |  |  | 1,196 |  |  |  | 155 |
Ark Data Centers, LLC |  |  | 3,900 |  |  |  | 4,650 |
Artifact Bidco, Inc. (dba Avetta) |  |  | 4,433 |  |  |  | 4,433 |
Aryeh Bidco Investment Ltd. (dba Dentalcorp) |  |  | 1,016 |  |  |  | 24,285 |
Aurora Acquireco, Inc. (dba AuditBoard) |  |  | 114 |  |  |  | 114 |
Bayside Opco, LLC (dba Pro-PT) |  |  | 341 |  |  |  | 415 |
BCTO Bluebill Buyer, Inc. (dba Ren) |  |  | 2,270 |  |  |  | 2,270 |
Bells Parent, Inc. (dba Atwell, LLC) |  |  | 481 |  |  |  | — |
Blast Bidco Inc. (dba Bazooka Candy Brands) |  |  | 522 |  |  |  | 522 |
Blazing Star Shields Direct Parent, LLC (dba Shields Health Solutions) |  |  | 1,582 |  |  |  | 1,582 |
BNI Intermediate Holdings LLC (dba Business Network International) |  |  | 831 |  |  |  | — |
BSI3 Menu Buyer, Inc (dba Kydia) |  |  | 1,038 |  |  |  | 865 |
Buckeye Acquiror LLC (dba Superior Environmental Solutions) |  |  | 1,952 |  |  |  | 2,532 |
Burgess Pigment Co. |  |  | 495 |  |  |  | — |
Celero Commerce LLC |  |  | 952 |  |  |  | 1,099 |
Chess.com, LLC (fka Checkmate Finance Merger Sub, LLC) |  |  | 3,140 |  |  |  | 3,140 |
Clearwater Analytics, LLC |  |  | 17,553 |  |  |  | 74,652 |
Coding Solutions Acquisition, Inc. (dba CorroHealth) |  |  | 320 |  |  |  | 320 |
Computer Services, Inc. |  |  | 6,962 |  |  |  | 6,961 |
Convenient Payments Acquisition, Inc. |  |  | 393 |  |  |  | 393 |
Coretrust Purchasing Group LLC |  |  | 113 |  |  |  | 1,340 |
Crewline Buyer, Inc. (dba New Relic) |  |  | 362 |  |  |  | 363 |
CST Holding Company (dba Intoxalock) |  |  | 86 |  |  |  | 86 |
CURiO Brands LLC |  |  | 196 |  |  |  | 196 |
Diligent Corporation |  |  | 4,507 |  |  |  | 19,285 |
Eagle Family Foods Group LLC |  |  | 101 |  |  |  | 101 |
Edition Holdings, Inc. (dba Enverus) |  |  | 1,129 |  |  |  | 1,705 |
Edko, LLC |  |  | 12,669 |  |  |  | 12,669 |
Engage2Excel, Inc. |  |  | 23 |  |  |  | 23 |
Envero Midco 2 LLC (dba Sun World) |  |  | 4,949 |  |  |  | — |
EnviroSmart, LLC (dba ES Integrated) |  |  | 2,983 |  |  |  | 3,603 |
ESO Solutions, Inc. |  |  | 1,158 |  |  |  | 362 |
Everest Clinical Research Corporation (fka 1272775 B.C. LTD.) |  |  | 1,260 |  |  |  | 1,260 |
Experity, Inc. |  |  | 1,315 |  |  |  | 1,315 |
|  | Unfunded Commitment Balances(1) |
|  | June 30, 2026 |  |  | December 31, 2025 |
Frontgrade Technologies Holdings Inc. |  | $ | 188 |  |  | $ | 213 |
Frontline Road Safety Operations, LLC |  |  | 612 |  |  |  | 2,539 |
FS WhiteWater Borrower, LLC (fka Whitewater Holding Company LLC) |  |  | 3,726 |  |  |  | 9,394 |
Fullsteam Operations LLC |  |  | 10,909 |  |  |  | 11,874 |
Gainsight, Inc. |  |  | 5,708 |  |  |  | 5,708 |
Geo TopCo Corporation (fka Geotechnical Merger Sub, Inc.) |  |  | 178 |  |  |  | 196 |
GovDelivery Holdings, LLC (dba Granicus, Inc.) |  |  | 1,646 |  |  |  | 1,777 |
GS AcquisitionCo, Inc. (dba Insightsoftware) |  |  | 2 |  |  |  | 2,657 |
Guidepoint Security Holdings, LLC (fka GPS Phoenix Buyer, Inc.) |  |  | 1,700 |  |  |  | 2,180 |
Hamilton Thorne, Inc. |  |  | 7,720 |  |  |  | 7,720 |
Highfive Dental Holdco, LLC |  |  | 1,496 |  |  |  | 1,698 |
Honor HN Buyer, Inc |  |  | 10,689 |  |  |  | 12,452 |
iCIMS, Inc. |  |  | 2,981 |  |  |  | 2,813 |
Ideal Components Acquisition, LLC (dba Ideal Tridon) |  |  | 4,056 |  |  |  | 4,622 |
IMO Investor Holdings, Inc. (fka Intelligent Medical Objects, Inc.) |  |  | 1,490 |  |  |  | 1,490 |
iWave Information Systems, Inc. |  |  | 350 |  |  |  | 394 |
Jupiter Refuel Canada Buyer Inc. (dba 4Refuel) |  |  | 10,496 |  |  |  | 11,284 |
Jupiter Refuel US Buyer, Inc. (dba 4Refuel) |  |  | 811 |  |  |  | 811 |
KPA Parent Holdings, Inc. |  |  | 183 |  |  |  | 191 |
Legends Hospitality Holding Company, LLC (fka ASM Buyer, Inc.) |  |  | 725 |  |  |  | 760 |
Lobos Parent, Inc. (dba NEOGOV) |  |  | 8,606 |  |  |  | 10,916 |
Mandrake Bidco, Inc. (dba Miratech) |  |  | 138 |  |  |  | 138 |
ML Holdco, LLC (dba MeridianLink) |  |  | 3,326 |  |  |  | 3,326 |
MRI Software LLC |  |  | 1,021 |  |  |  | 1,826 |
NC Topco, LLC (dba NContracts) |  |  | 2,889 |  |  |  | 10,110 |
NCWS Intermediate, Inc. (dba National Carwash Solutions) |  |  | 1,936 |  |  |  | 4,224 |
Newtek Merchant Solutions, LLC (dba NewtekOne) |  |  | 936 |  |  |  | 936 |
NFM & J, L.P. (dba the Facilities Group) |  |  | 1,396 |  |  |  | 1,945 |
North Star Acquisitionco, LLC (dba Everway) |  |  | 4,886 |  |  |  | 13,375 |
Octane Purchaser, Inc. (dba Office Ally) |  |  | 1,126 |  |  |  | 3,941 |
Oliver Packaging and Equipment Company, LLC (fka Buffalo Merger Sub, LLC) |  |  | 5,208 |  |  |  | 5,208 |
Omega Midwest Buyer, LLC (dba Omega Fitness Holdings) |  |  | 639 |  |  |  | 761 |
Onward AcquireCo, Inc. (dba OneStream) |  |  | 1,889 |  |  |  | — |
Pacvue Intermediate LLC (fka Assembly Intermediate LLC) |  |  | 4,399 |  |  |  | 4,399 |
Paris US Holdco, Inc. (dba Precinmac) |  |  | 2,554 |  |  |  | 5,442 |
PDDS Holdco, Inc. (dba Planet DDS) |  |  | 3,038 |  |  |  | 3,284 |
Pearl Acquisition Buyer, Inc. (dba Alliance Technical Group) |  |  | 1,337 |  |  |  | 1,541 |
PlanSource Holdings, Inc. |  |  | 7,823 |  |  |  | 7,824 |
Pluralsight, Inc. |  |  | 8,464 |  |  |  | 8,464 |
PPW Aero Buyer, Inc. (dba Pursuit Aerospace) |  |  | 5,776 |  |  |  | 7,303 |
Precision Concepts Parent Inc. |  |  | 1,333 |  |  |  | 1,476 |
Project Accelerate Parent, LLC (dba ABC Fitness) |  |  | 1,875 |  |  |  | 1,875 |
Prophix Software Inc. (dba Pound Bidco) |  |  | 236 |  |  |  | 710 |
QBS Parent, Inc. (dba Quorum Software) |  |  | 2,357 |  |  |  | 2,197 |
Recorded Books Inc. (dba RBMedia) |  |  | 3,664 |  |  |  | 2,974 |
Riverpoint Medical, LLC |  |  | 4,094 |  |  |  | 4,094 |
Rocket Bidco, Inc. (dba Recochem) |  |  | 1,471 |  |  |  | 2,227 |
Rodeo Buyer Company (dba Absorb Software) |  |  | 3,387 |  |  |  | 3,387 |
Rotation Buyer, LLC (dba Rotating Machinery Services) |  |  | 5,292 |  |  |  | 5,546 |
Rubix Foods, LLC |  |  | 1,792 |  |  |  | 1,792 |
Runway Bidco, LLC (dba Redwood Software) |  |  | 4,545 |  |  |  | 4,545 |
SI Swan UK Bidco Limited (dba Sapiens International) |  |  | 2,619 |  |  |  | 4,889 |
Singlewire Software, LLC |  |  | 235 |  |  |  | 252 |
Smarsh, Inc. |  |  | 8,059 |  |  |  | 9,733 |
Sonar Acquisitionco, Inc. (dba SimPRO) |  |  | 1,132 |  |  |  | 1,132 |
Southeast Mechanical, LLC |  |  | 14,839 |  |  |  | 14,839 |
SpecialtyCare, Inc. |  |  | 865 |  |  |  | 866 |
Spectrum Safety Solutions Purchaser, LLC (dba Carrier Industrial Fire) |  |  | 178 |  |  |  | 222 |
|  | Unfunded Commitment Balances(1) |
|  | June 30, 2026 |  |  | December 31, 2025 |
SpendMend Holdings LLC |  | $ | 2,868 |  |  | $ | 2,869 |
Splash Car Wash, Inc. |  |  | 369 |  |  |  | 202 |
Spotless Brands, LLC |  |  | 1,026 |  |  |  | 1,411 |
Streamland Media Midco LLC |  |  | 398 |  |  |  | 637 |
Summit Buyer, LLC (dba Classic Collision) |  |  | 22,891 |  |  |  | 24,774 |
Sundance Group Holdings, Inc. (dba NetDocuments) |  |  | 8,206 |  |  |  | 19,389 |
Sunshine Cadence HoldCo, LLC (dba Cadence Education) |  |  | 3,698 |  |  |  | 2,391 |
Superman Holdings, LLC (dba Foundation Software) |  |  | 1,471 |  |  |  | 1,471 |
Supreme Fitness Group NY Holdings, LLC |  |  | 2,060 |  |  |  | 2,060 |
Sweep Purchaser LLC |  |  | 3,179 |  |  |  | 3,633 |
TEI Intermediate LLC (dba Triumvirate Environmental) |  |  | 4,092 |  |  |  | 7,355 |
TL Sapphire Holdings, Inc. (dba SouthernCarlson) |  |  | 3,263 |  |  |  | 17,023 |
Tropical Bidco, LLC (dba Tropical Cheese) |  |  | 1,674 |  |  |  | 1,674 |
Trystar, LLC |  |  | 430 |  |  |  | 752 |
UFT Buyer LLC (dba United Flow Technologies) |  |  | 4,329 |  |  |  | 5,239 |
US Signal Company, LLC |  |  | 1,052 |  |  |  | 1,579 |
USA DeBusk, LLC |  |  | 542 |  |  |  | 3,434 |
Valet Waste Holdings, Inc. (dba Valet Living) |  |  | 94 |  |  |  | 2,797 |
Vamos Bidco, Inc. (dba VIP) |  |  | 8,446 |  |  |  | 8,784 |
VASA Fitness Buyer, Inc. |  |  | 253 |  |  |  | 1,527 |
VisionSafe Holdings, Inc. |  |  | 1,219 |  |  |  | 1,219 |
VRC Companies, LLC (dba Vital Records Control) |  |  | 944 |  |  |  | 944 |
WebPT, Inc. |  |  | 2,617 |  |  |  | 337 |
Wellness AcquisitionCo, Inc. (dba SPINS) |  |  | 439 |  |  |  | 439 |
Westwood Professional Services Inc. |  |  | 2,814 |  |  |  | 3,366 |
Wildcat Solutions Holdings, LLC (dba O6 Environmental) |  |  | 3,855 |  |  |  | 3,855 |
Xactly Corporation |  |  | 3,874 |  |  |  | 3,874 |
Zarya HoldCo, Inc. (dba Eptura) |  |  | 4,564 |  |  |  | 7,987 |
Zeppelin US Buyer Inc. (dba Global Critical Logistics) |  |  | 5,445 |  |  |  | 6,062 |
Zeus Company LLC |  |  | 2,855 |  |  |  | 5,709 |
CI (Quercus) Intermediate Holdings, LLC (dba SavATree) |  |  | — |  |  |  | 5,471 |
Circustrix Holdings, LLC (dba SkyZone) |  |  | — |  |  |  | 161 |
Elemica Parent, Inc. |  |  | — |  |  |  | 62 |
Heartland Home Services, Inc. (fka Helios Buyer, Inc.) |  |  | — |  |  |  | 1,380 |
Kene Acquisition, Inc. (dba Entrust) |  |  | — |  |  |  | 897 |
Onyx CenterSource, Inc. |  |  | — |  |  |  | 70 |
PT Intermediate Holdings III, LLC (dba Parts Town) |  |  | — |  |  |  | 2,601 |
USN Opco LLC (dba Global Nephrology Solutions) |  |  | — |  |  |  | 3,023 |
Vardiman Black Holdings, LLC (dba Specialty Dental Brands) |  |  | — |  |  |  | 3 |
Volt Bidco, Inc. (dba Power Factors) |  |  | — |  |  |  | 3,960 |
Total 1st Lien/Senior Secured Debt |  | $ | 411,723 |  |  | $ | 609,946 |
1st Lien/Last-Out Unitranche |  |  |  |  |  |
EDB Parent, LLC (dba Enterprise DB) |  | $ | 1,074 |  |  | $ | 3,696 |
Everest Portfolio Company, LLC |  |  | 430 |  |  |  | — |
K2 Towers III, LLC |  |  | 7,257 |  |  |  | 8,904 |
Octagon Towers LLC |  |  | 2,051 |  |  |  | 2,051 |
Skyway Towers Intermediate LLC |  |  | 6,600 |  |  |  | 7,628 |
Tarpon Towers II LLC |  |  | 2,344 |  |  |  | 2,813 |
EIP Consolidated, LLC (dba Everest Infrastructure) |  | — |  |  |  | 167 |
Towerco IV Holdings, LLC |  |  | — |  |  |  | 458 |
Total 1st Lien/Last-Out Unitranche |  | $ | 19,756 |  |  | $ | 25,717 |
2nd Lien/Senior Secured Debt |  |  |  |  |  |
Wine.com, LLC |  | $ | 770 |  |  | $ | 770 |
Total 2nd Lien/Senior Secured Debt |  | $ | 770 |  |  | $ | 770 |
Total |  | $ | 432,249 |  |  | $ | 636,433 |
(1) Unfunded commitments denominated in currencies other than USD have been converted to USD using the exchange rate as of the applicable reporting date. The Company may itself commit, or commit alongside one or more other Accounts, to issue standby letters of credit in connection with an investment or it may commit to fund an investment whereby one of the Accounts has committed to issue standby letters of credit (each of the Company or the Account, acting in such capacity in issuing such standby letters of credit, an “LC Issuer”). In the event a letter of credit is funded, the LC Issuer or its designee would be obligated under the terms of the relevant credit agreement to fund a portion of the letter of credit, for a period of time, on behalf of the Accounts that also have a commitment to the investment. The Accounts are obligated to reimburse the LC Issuer or its designee as defined in the relevant credit agreement. As of June 30, 2026 and December 31, 2025, the Company has committed to fund letters of credit of $5,478 on behalf of the Accounts. Contingencies In the normal course of business, the Company enters into contracts that provide a variety of general indemnifications. Any exposure to the Company under these arrangements could involve future claims that may be made against the Company. Currently, no such claims exist or are expected to arise and, accordingly, the Company has not accrued any liability in connection with such indemnifications.

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