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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Loss Contingencies by Contingency The balances of unused commitments to extend financing as of December 31, 2022 and 2021 were as follows:
Portfolio Company
($ in thousands)
Investment Type
December 31, 2022
December 31, 2021
Acclime Holdings HK Limited(1)Delayed Draw Term Loan$— $1,179 
Acclime Holdings HK Limited(1)Delayed Draw Term Loan— 110 
Accurus Aerospace Corporation(1)(2)Revolver1,152 — 
Air Comm Corporation, LLC(1)Delayed Draw Term Loan— 11 
Air Comm Corporation, LLC(1)Delayed Draw Term Loan— 1,448 
Amtech LLC(1)Delayed Draw Term Loan1,527 2,727 
Amtech LLC(1)Revolver545 682 
AnalytiChem Holding GmbH(1)(2)(3)Delayed Draw Term Loan— 6,207 
AnalytiChem Holding GmbH(1)(2)(3)Bridge Revolver366 — 
APC1 Holding(1)(3)Delayed Draw Term Loan354 — 
Aquavista Watersides 2 LTD(1)(4)Bridge Revolver— 503 
Aquavista Watersides 2 LTD(1)(4)Capex / Acquisition Facility2,543 3,147 
Arc Education(1)(3)Delayed Draw Term Loan1,900 — 
Argus Bidco Limited(1)(4)CAF Term Loan789 — 
Argus Bidco Limited(1)(2)(4)RCF Bridge Term Loan168 — 
ASC Communications(2)Revolver1,089 — 
Astra Bidco Limited(1)(4)Delayed Draw Term Loan876 2,571 
ATL II MRO Holdings, Inc.(1)(2)Revolver1,667 — 
Avance Clinical Bidco Pty Ltd(1)(5)Delayed Draw Term Loan1,295 3,497 
Azalea Buyer, Inc.(1)Delayed Draw Term Loan962 962 
Azalea Buyer, Inc.(1)Revolver481 481 
Bariacum S.A.(1)(3)Acquisition Facility2,028 2,161 
Beyond Risk Management, Inc.(1)(2)Delayed Draw Term Loan2,423 2,573 
Biolam Group(1)(2)(3)Delayed Draw Term Loan4,783 — 
BigHand UK Bidco Limited(1)(2)(4)Acquisition Facility— 378 
Black Angus Steakhouses, LLC(1)Delayed Draw Term Loan417 — 
Bounteous, Inc.(1)Delayed Draw Term Loan2,840 2,840 
Brightpay Limited(1)(2)(3)Delayed Draw Term Loan— 432 
Brightpay Limited(1)(2)(3)Delayed Draw Term Loan135 144 
BrightSign LLC(1)(2)Revolver1,329 1,329 
Portfolio Company
($ in thousands)
Investment Type
December 31, 2022
December 31, 2021
British Engineering Services Holdco Limited(1)(4)Bridge Revolver— 613 
CAi Software, LLC(1)(2)Revolver943 943 
Canadian Orthodontic Partners Corp.(1)(2)(6)Delayed Draw Term Loan110 167 
Catawba River Limited(1)(4)Structured Junior Note12,635 — 
Centralis Finco S.a.r.l.(1)(3)Incremental CAF Term Loan1,028 461 
Ceres Pharma NV(1)(3)Delayed Draw Term Loan— 2,149 
CGI Parent, LLC(1)Revolver1,653 — 
Classic Collision (Summit Buyer, LLC)(1)Delayed Draw Term Loan78 393 
Coastal Marina Holdings, LLC(1)PIK Tranche B Term Loan— 1,311 
Coastal Marina Holdings, LLC(1)Tranche A Term Loan— 3,576 
Command Alkon (Project Potter Buyer, LLC)(1)Delayed Draw Term Loan— 6,018 
Comply365, LLC(1)Revolver935 — 
Coyo Uprising GmbH(1)(2)(3)Delayed Draw Term Loan419 894 
Crash Champions, LLC(1)(2)Delayed Draw Term Loan— 5,420 
CSL Dualcom(1)(4)Capex / Acquisition Term Loan142 998 
Dart Buyer, Inc.(1)(2)Delayed Draw Term Loan— 2,431 
DataServ Integrations, LLC(1)(2)Revolver481 — 
DecksDirect, LLC(1)Revolver218 218 
DISA Holdings Corp.(1)(2)Delayed Draw Term Loan1,368 — 
DISA Holdings Corp.(1)(2)Revolver416 — 
DreamStart Bidco SAS (d/b/a SmartTrade)(1)(2)(3)Acquisition Facility579 617 
Dune Group(1)(3)Delayed Draw Term Loan624 665 
Dwyer Instruments, Inc.(1)Delayed Draw Term Loan5,164 692 
Eclipse Business Capital, LLC(1)Revolver17,455 11,818 
EMI Porta Holdco LLC(1)(2)Delayed Draw Term Loan9,272 12,458 
EMI Porta Holdco LLC(1)(2)Revolver1,471 2,966 
EPS NASS Parent, Inc.(1)Delayed Draw Term Loan257 583 
eShipping, LLC(1)Delayed Draw Term Loan1,650 2,548 
eShipping, LLC(1)Revolver1,486 1,232 
Eurofins Digital Testing International LUX Holding SARL(1)(2)(3)Delayed Draw Term Loan2,639 — 
Eurofins Digital Testing International LUX Holding SARL(1)(2)(3)Delayed Draw Term Loan528 — 
Events Software BidCo Pty Ltd(1)(2)Delayed Draw Term Loan640 — 
Express Wash Acquisition Company, LLC(1)Revolver115 — 
F24 (Stairway BidCo GmbH)(1)(2)(3)Acquisition Term Loan246 405 
Fineline Technologies, Inc.(1)(2)Delayed Draw Term Loan180 180 
Footco 40 Limited(1)(4)Delayed Draw Term Loan766 — 
Fortis Payment Systems, LLC(1)(2)Delayed Draw Term Loan925 — 
FragilePak LLC(1)Delayed Draw Term Loan2,354 2,354 
GB Eagle Buyer, Inc.(1)(2)Revolver2,581 — 
Global Academic Group Limited(1)(7)Term Loan451 — 
GPZN II GmbH(1)(2)(3)CAF Term Loan560 — 
Greenhill BV(1)(3)Capex Acquisition Facility255 — 
Portfolio Company
($ in thousands)
Investment Type
December 31, 2022
December 31, 2021
Groupe Product Life(1)(2)(3)Delayed Draw Term Loan441 — 
Gusto Aus BidCo Pty Ltd(1)(2)(5)Delayed Draw Term Loan223 — 
HeartHealth Bidco Pty Ltd(1)(2)(5)Delayed Draw Term Loan313 — 
Heartland Veterinary Partners, LLC(1)(2)Delayed Draw Term Loan267 657 
Heavy Construction Systems Specialists, LLC(1)Revolver2,632 2,632 
HEKA Invest(1)(2)(3)Delayed Draw Term Loan555 — 
HTI Technology & Industries(1)(2)Delayed Draw Term Loan2,045 — 
HTI Technology & Industries(1)(2)Revolver1,364 — 
HW Holdco, LLC (Hanley Wood LLC)(1)Delayed Draw Term Loan913 1,563 
IGL Holdings III Corp.(1)Delayed Draw Term Loan— 1,217 
Innovad Group II BV(1)(2)(3)Delayed Draw Term Loan1,261 1,825 
INOS 19-090 GmbH(1)(3)Acquisition Facility2,380 2,535 
Interstellar Group B.V.(1)(2)(3)Delayed Draw Term Loan1,310 — 
Interstellar Group B.V.(1)(3)Delayed Draw Term Loan55 — 
Isolstar Holding NV (IPCOM)(1)(2)(3)Delayed Draw Term Loan744 — 
ITI Intermodal, Inc.(1)Delayed Draw Term Loan103 103 
ITI Intermodal, Inc.(1)Revolver118 124 
Jaguar Merger Sub Inc.(1)Delayed Draw Term Loan422 1,961 
Jaguar Merger Sub Inc.(1)Revolver490 490 
Jocassee Partners LLCJoint Venture65,000 20,000 
Jon Bidco Limited(1)(7)Capex & Acquisition Facility1,441 — 
Jones Fish Hatcheries & Distributors LLC(1)Revolver418 — 
Kano Laboratories LLC(1)Delayed Draw Term Loan153 153 
Kano Laboratories LLC(1)Delayed Draw Term Loan2,830 4,544 
Kemmerer Operations, LLC(1)Delayed Draw Term Loan908 — 
LAF International(1)(2)(3)Acquisition Facility— 341 
Lambir Bidco Limited(1)(3)Bridge Revolver— 941 
Lambir Bidco Limited(1)(2)(3)Delayed Draw Term Loan1,766 1,881 
Lattice Group Holdings Bidco Limited(1)(2)Delayed Draw Term Loan298 — 
LeadsOnline, LLC(1)Revolver2,603 — 
Lifestyle Intermediate II, LLC(1)(2)Revolver2,500 — 
LivTech Purchaser, Inc.(1)(2)Delayed Draw Term Loan138 82 
Marmoutier Holding B.V.(1)(3)Delayed Draw Term Loan24 405 
Marmoutier Holding B.V.(1)(2)(3)Revolver106 162 
Marshall Excelsior Co.(1)Revolver413 — 
MC Group Ventures Corporation(1)Delayed Draw Term Loan296 817 
Mercell Holding AS(1)(8)Capex Acquisition Facility797 — 
Modern Star Holdings Bidco Pty Limited(1)(2)(5)Term Loan968 1,038 
Murphy Midco Limited(1)(2)(4)Delayed Draw Term Loan407 2,617 
Narda Acquisitionco., Inc.(1)(2)Revolver1,180 1,311 
Navia Benefit Solutions, Inc.(1)Delayed Draw Term Loan— 1,261 
Nexus Underwriting Management Limited(1)(4)Revolver— 103 
Nexus Underwriting Management Limited(1)(2)(4)Acquisition Facility443 541 
Novotech Aus Bidco Pty Ltd(1)(2)Capex & Acquisition Facility809 — 
Portfolio Company
($ in thousands)
Investment Type
December 31, 2022
December 31, 2021
NPM Investments 28 B.V.(1)(3)Delayed Draw Term Loan463 — 
OA Buyer, Inc.(1)Revolver1,331 1,331 
OAC Holdings I Corp.(1)Revolver607 
OG III B.V.(1)(2)(3)Acquisition CapEx Facility— 686 
Omni Intermediate Holdings, LLC(1)Delayed Draw Term Loan— 817 
Omni Intermediate Holdings, LLC(1)(2)Delayed Draw Term Loan2,289 4,357 
OSP Hamilton Purchaser, LLC(1)(2)Revolver187 187 
Pacific Health Supplies Bidco Pty Limited(1)(2)(5)CapEx Term Loan— 1,283 
PDQ.Com Corporation(1)(2)Delayed Draw Term Loan— 289 
PDQ.Com Corporation(1)Delayed Draw Term Loan6,885 10,948 
Polara Enterprises, L.L.C.(1)Revolver545 545 
Policy Services Company, LLC(1)(2)Delayed Draw Term Loan— 6,944 
Premium Invest(1)(3)Delayed Draw Term Loan2,882 1,933 
Profit Optics, LLC(1)Revolver484 — 
Protego Bidco B.V.(1)(2)(3)Delayed Draw Term Loan792 844 
PSP Intermediate 4, L.L.C.(1)(2)(3)Delayed Draw Term Loan727 — 
QPE7 SPV1 BidCo Pty Ltd(1)(5)Acquisition Term Loan— 373 
R1 Holdings, LLC(1)Delayed Draw Term Loan2,623 — 
R1 Holdings, LLC(1)Revolver1,601 — 
RA Outdoors, LLC (1)(2)Revolver1,235 — 
Randys Holdings, Inc.(1)(2)Delayed Draw Term Loan4,412 — 
Randys Holdings, Inc.(1)(2)Revolver1,571 — 
Rep Seko Merger Sub LLC(1)Delayed Draw Term Loan725 1,455 
Reward Gateway (UK) Ltd(1)(2)(4)Acquisition Facility600 1,061 
Riedel Beheer B.V.(1)(3)Revolver— 230 
Riedel Beheer B.V.(1)(3)Delayed Draw Term Loan— 153 
Royal Buyer, LLC(1)Delayed Draw Term Loan2,209 — 
Royal Buyer, LLC(1)Revolver1,340 — 
RTIC Subsidiary Holdings, LLC(1)(2)Revolver2,381 — 
Sanoptis S.A.R.L.(1)(3)Acquisition Capex Facility1,751 — 
Scaled Agile, Inc.(1)Delayed Draw Term Loan416 416 
Scaled Agile, Inc.(1)Revolver336 336 
Scout Bidco B.V.(1)(3)Delayed Draw Term Loan2,270 — 
Scout Bidco B.V.(1)(3)Revolver1,030 — 
Security Holdings B.V.(1)(3)Delayed Draw Term Loan2,134 2,274 
Security Holdings B.V.(1)(3)Revolver1,067 1,137 
Sereni Capital NV(1)(3)Term Loan109 — 
Smartling, Inc.(1)(2)Delayed Draw Term Loan1,978 2,353 
Smartling, Inc.(1)(2)Revolver1,176 1,176 
Smile Brands Group, Inc.(1)(2)Delayed Draw Term Loan38 655 
Soho Square III Debtco II SARL(1)(2)(4)Delayed Draw Term Loan3,383 — 
Solo Buyer, L.P.(1)(2)Revolver1,995 — 
Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.)(1)(2)Delayed Draw Term Loan666 — 
Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.)(1)(2)Revolver156 — 
Portfolio Company
($ in thousands)
Investment Type
December 31, 2022
December 31, 2021
Spatial Business Systems LLC(1)(2)Delayed Draw Term Loan7,500 — 
Spatial Business Systems LLC(1)(2)Revolver1,406 — 
Springbrook Software (SBRK Intermediate, Inc.)(1)Delayed Draw Term Loan— 2,373 
SSCP Pegasus Midco Limited(1)(4)Delayed Draw Term Loan4,664 5,251 
Superjet Buyer, LLC(1)Revolver1,825 1,825 
Syntax Systems Ltd(1)(2)Delayed Draw Term Loan1,933 1,933 
Syntax Systems Ltd(1)(2)Revolver337 569 
Tank Holding Corp (1)(2)Revolver698 — 
Tanqueray Bidco Limited(1)(2)(4)Capex Facility1,088 — 
Techone B.V.(1)(3)Delayed Draw Term Loan— 1,621 
Techone B.V.(1)(2)(3)Revolver203 432 
Tencarva Machinery Company, LLC(1)(2)Delayed Draw Term Loan— 886 
Tencarva Machinery Company, LLC(1)Revolver1,129 1,129 
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)(1)Delayed Draw Term Loan2,811 2,811 
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)(1)Revolver827 827 
The Cleaver-Brooks Company, Inc.(1)Revolver2,826 — 
The Hilb Group, LLC(1)(2)Delayed Draw Term Loan1,182 2,773 
Trader Corporation(1)(2)(6)Revolver345 — 
Transit Technologies LLC(1)(2)Delayed Draw Term Loan— 1,857 
Truck-Lite Co., LLC(1)(2)Delayed Draw Term Loan— 4,540 
TSYL Corporate Buyer, Inc.(1)(2)Delayed Draw Term Loan1,681 — 
TSYL Corporate Buyer, Inc.(1)(2)Revolver177 — 
Turbo Buyer, Inc.(1)(2)Delayed Draw Term Loan1,350 2,070 
Union Bidco Limited(1)(2)(4)Acquisition Facility78 — 
United Therapy Holding III GmbH(1)(2)(3)Acquisition Facility1,170 — 
USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.)(1)(2)Delayed Draw Term Loan3,629 — 
W2O Holdings, Inc.(1)Delayed Draw Term Loan2,622 3,832 
Waccamaw River LLC(2)Joint Venture2,480 11,280 
Woodland Foods, Inc.(1)(2)Line of Credit456 2,070 
WWEC Holdings III Corp(1)(2)Delayed Draw Term Loan3,106 — 
WWEC Holdings III Corp(1)(2)Revolver1,366 — 
Xeinadin Bidco Limited(1)(2)(4)CAF Term Loan3,109 — 
ZB Holdco LLC(1)(2)Delayed Draw Term Loan1,352 — 
ZB Holdco LLC(1)Revolver845 — 
Zeppelin Bidco Limited(1)(2)(4)Capex / Acquisition Facility2,516 — 
Total unused commitments to extend financing$308,532 $234,658 
(1)The Adviser’s estimate of the fair value of the current investments in these portfolio companies includes an analysis of the fair value of any unfunded commitments.
(2)Represents a commitment to extend financing to a portfolio company where one or more of the Company’s current investments in the portfolio company are carried at less than cost.
(3)Actual commitment amount is denominated in Euros. Commitment was translated into U.S. dollars based on the spot rate at the relevant balance sheet date.
(4)Actual commitment amount is denominated in British pounds sterling.Commitment was translated into U.S. dollars based on the spot rate at the relevant balance sheet date.
(5)Actual commitment amount is denominated in Australian dollars. Commitment was translated into U.S. dollars based on the spot rate at the relevant balance sheet date.
(6)Actual commitment amount is denominated in Canadian dollars. Commitment was translated into U.S. dollars based on the spot rate at the relevant balance sheet date.
(7)Actual commitment amount is denominated in New Zealand dollars. Commitment was translated into U.S. dollars based on the spot rate at the relevant balance sheet date.
(8)Actual commitment amount is denominated in Norwegian Kroner. Commitment was translated into U.S. dollars based on the spot rate at the relevant balance sheet date.