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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Balances of Unused Commitments to Extend Financing The balances of unused commitments to extend financing as of December 31, 2024 and 2023 were as follows:
Portfolio Company(1)
($ in thousands)
Investment Type
December 31, 2024
December 31, 2023
Accurus Aerospace Corporation(2)Revolver$461 $634 
AD Bidco, Inc.Delayed Draw Term Loan3,522 — 
AD Bidco, Inc.Revolver1,303 — 
Portfolio Company(1)
($ in thousands)
Investment Type
December 31, 2024
December 31, 2023
Adhefin International(2)(3)Delayed Draw Term Loan393 419 
AirX Climate Solutions, Inc.Delayed Draw Term Loan2,443 — 
AirX Climate Solutions, Inc.(2)Delayed Draw Term Loan— 1,179 
AirX Climate Solutions, Inc.Revolver814 482 
AlliA Insurance Brokers NV(2)(3)Delayed Draw Term Loan259 1,634 
Americo Chemical Products, LLCRevolver471 471 
Amtech LLC(2)Revolver— 436 
Anju Software, Inc.(2)Delayed Draw Term Loan— 343 
Aquavista Watersides 2 LTD(2)(4)Capex / Acquisition Facility2,182 2,221 
Arc Education(3)Delayed Draw Term Loan997 1,291 
Argus Bidco Limited(2)(4)Capex / Acquisition Facility358 541 
Artemis Bidco Limited(2)(3)Delayed Draw Term Loan663 — 
ASC Communications, LLCRevolver1,089 1,089 
Astra Bidco Limited(2)(4)Delayed Draw Term Loan185 604 
ATL II MRO Holdings Inc.Revolver3,289 1,667 
Avance Clinical Bidco Pty Ltd(2)(5)Delayed Draw Term Loan1,183 1,304 
Azalea Buyer, Inc.Delayed Draw Term Loan644 644 
Azalea Buyer, Inc.Revolver481 481 
Basin Innovation Group, LLC(2)Delayed Draw Term Loan2,151 — 
Basin Innovation Group, LLC(2)Revolver1,858 — 
Beyond Risk Management, Inc.Delayed Draw Term Loan4,629 — 
Beyond Risk Management, Inc.Delayed Draw Term Loan— 2,007 
Biolam Group(2)(3)Delayed Draw Term Loan625 667 
BKF Buyer, Inc.Revolver2,970 — 
Bounteous, Inc.Delayed Draw Term Loan— 2,840 
Brightpay Limited(2)(3)Delayed Draw Term Loan131 140 
BrightSign LLCRevolver244 443 
CAi Software, LLCRevolver1,261 943 
Caldwell & Gregory LLCDelayed Draw Term Loan3,312 — 
Caldwell & Gregory LLCRevolver2,500 — 
Canadian Orthodontic Partners Corp.(2)(6)Delayed Draw Term Loan63 — 
Cascade Residential Services LLC(2)Delayed Draw Term Loan629 1,985 
Cascade Residential Services LLC(2)Revolver— 331 
Catawba River Limited(2)(4)Structured Junior Note— 13,971 
CCFF Buyer, LLCDelayed Draw Term Loan1,396 — 
CCFF Buyer, LLCRevolver1,047 — 
CGI Parent, LLCRevolver1,653 1,653 
Classic Collision (Summit Buyer, LLC)Delayed Draw Term Loan— 2,734 
Comply365, LLCRevolver1,101 1,101 
Coyo Uprising GmbH(2)(3)Delayed Draw Term Loan407 434 
CSL DualCom(4)Capex / Acquisition Facility148 150 
DataServ Integrations, LLCRevolver481 481 
DecksDirect, LLC(2)Revolver34 381 
Portfolio Company(1)
($ in thousands)
Investment Type
December 31, 2024
December 31, 2023
DISA Holdings Corp.Delayed Draw Term Loan— 1,072 
DISA Holdings Corp.Revolver429 339 
Dune Group(2)(3)Delayed Draw Term Loan411 439 
EB Development(2)(3)Delayed Draw Term Loan553 — 
Eclipse Business Capital, LLCRevolver12,636 17,182 
Electrical Components International, Inc.(2)Delayed Draw Term Loan585 — 
EMI Porta Holdco LLC(2)Revolver2,254 403 
eShipping, LLCRevolver1,486 1,486 
Eurofins Digital Testing International LUX Holding SARL(2)(3)Delayed Draw Term Loan— 2,731 
Events Software BidCo Pty Ltd(2)Delayed Draw Term Loan619 620 
Express Wash Acquisition Company, LLC(2)Revolver115 115 
Faraday(2)(3)Delayed Draw Term Loan928 990 
Finexvet(2)(3)Delayed Draw Term Loan— 650 
Footco 40 Limited(2)(4)Delayed Draw Term Loan515 524 
Forest Buyer, LLCRevolver298 — 
Fortis Payment Systems, LLC(2)Delayed Draw Term Loan361 — 
Fortis Payment Systems, LLC(2)Revolver625 — 
GB Eagle Buyer, Inc.Delayed Draw Term Loan2,312 — 
GB Eagle Buyer, Inc.Revolver2,316 2,581 
GCDL LLCDelayed Draw Term Loan108 — 
GCDL LLCRevolver108 — 
Global Academic Group Limited(2)(7)Term Loan233 414 
GPNZ II GmbH(2)(3)Delayed Draw Term Loan49 — 
GPZN II GmbH(2)(3)Delayed Draw Term Loan— 53 
Graphpad Software, LLCDelayed Draw Term Loan2,093 — 
Graphpad Software, LLCRevolver872 — 
Greenhill II BV(3)Capex / Acquisition Facility28 120 
Groupe Product Life(2)(3)Delayed Draw Term Loan145 — 
Gusto Aus BidCo Pty Ltd(5)Delayed Draw Term Loan— 167 
HeartHealth Bidco Pty Ltd(2)(5)Delayed Draw Term Loan164 253 
Heavy Construction Systems Specialists, LLCRevolver2,632 2,632 
HEKA INVEST(3)Delayed Draw Term Loan539 575 
HemaSource, Inc.Revolver1,804 1,421 
HomeX Services Group LLCDelayed Draw Term Loan650 845 
HomeX Services Group LLCRevolver338 338 
HTI Technology & Industries(2)Delayed Draw Term Loan2,045 2,045 
HTI Technology & Industries(2)Revolver1,364 1,364 
Hydratech Holdings, Inc. Delayed Draw Term Loan1,725 — 
Hydratech Holdings, Inc. Revolver924 — 
Ice House America, L.L.C.(2)Delayed Draw Term Loan816 — 
Ice House America, L.L.C.(2)Revolver257 — 
Innovad Group II BV(2)(3)Delayed Draw Term Loan— 266 
INOS 19-090 GmbH(2)(3)Capex / Acquisition Facility— 1,872 
Portfolio Company(1)
($ in thousands)
Investment Type
December 31, 2024
December 31, 2023
Interstellar Group B.V.(2)(3)Delayed Draw Term Loan582 620 
Interstellar Group B.V.(2)(3)Delayed Draw Term Loan— 57 
InvoCare Limited(2)(5)Delayed Draw Term Loan275 387 
Isolstar Holding NV (IPCOM)(3)Delayed Draw Term Loan— 656 
ISTO Technologies II, LLCRevolver714 714 
ITI Intermodal, Inc.Revolver1,031 1,157 
Jocassee Partners LLCJoint Venture65,000 65,000 
Jon Bidco Limited(2)(7)Capex / Acquisition Facility728 1,125 
Jones Fish Hatcheries & Distributors LLCRevolver418 418 
Kano Laboratories LLCDelayed Draw Term Loan— 2,830 
Kano Laboratories LLCDelayed Draw Term Loan— 153 
Keystone Bidco B.V.(2)(3)Delayed Draw Term Loan185 — 
Keystone Bidco B.V.(2)(3)Revolver28 — 
Lambir Bidco Limited(2)(3)Delayed Draw Term Loan402 626 
Lattice Group Holdings Bidco Limited(2)Delayed Draw Term Loan237 255 
Lattice Group Holdings Bidco Limited(2)Revolver35 18 
LeadsOnline, LLCRevolver2,603 2,187 
Lifestyle Intermediate II, LLC(2)Revolver— 2,500 
Marmoutier Holding B.V.(2)(3)Delayed Draw Term Loan23 18 
Marmoutier Holding B.V.(2)(3)Revolver65 109 
Marshall Excelsior Co.(2)Revolver— 221 
MB Purchaser, LLCDelayed Draw Term Loan773 — 
MB Purchaser, LLCRevolver309 — 
MC Group Ventures Corporation(2)Delayed Draw Term Loan4,822 — 
MC Group Ventures Corporation(2)Delayed Draw Term Loan276 276 
Media Recovery, Inc. (SpotSee)(2)Revolver635 — 
Media Recovery, Inc. (SpotSee)(2)(4)Revolver742 — 
Megawatt Acquisitionco, Inc.(2)Revolver475 — 
Mercell Holding AS(8)Capex / Acquisition Facility691 773 
Modern Star Holdings Bidco Pty Limited(2)(5)Term Loan884 974 
Moonlight Bidco Limited(2)(4)Delayed Draw Term Loan552 562 
Narda Acquisitionco., Inc.Revolver1,311 1,311 
NAW Buyer LLCDelayed Draw Term Loan5,729 5,876 
NAW Buyer LLCRevolver1,894 1,515 
NeoxCo(2)(3)Delayed Draw Term Loan— 497 
Next Holdco, LLCDelayed Draw Term Loan1,891 1,891 
Next Holdco, LLCRevolver733 733 
NF Holdco, LLC(2)Revolver829 663 
Northstar Recycling, LLC(2)Delayed Draw Term Loan4,295 — 
Northstar Recycling, LLC(2)Revolver3,527 — 
Novotech Aus Bidco Pty LtdCapex / Acquisition Facility— 809 
NPM Investments 28 B.V.(3)Delayed Draw Term Loan449 479 
OA Buyer, Inc.Revolver1,331 1,331 
Portfolio Company(1)
($ in thousands)
Investment Type
December 31, 2024
December 31, 2023
OAC Holdings I CorpRevolver1,370 1,370 
OSP Hamilton Purchaser, LLC(2)Delayed Draw Term Loan4,276 5,345 
OSP Hamilton Purchaser, LLC(2)Revolver666 1,109 
Parkview Dental Holdings LLC(2)Delayed Draw Term Loan328 328 
PDQ.Com Corporation(2)Delayed Draw Term Loan3,256 4,807 
PDQ.Com Corporation(2)Delayed Draw Term Loan1,970 1,970 
Polara Enterprises, L.L.C.Revolver545 545 
PowerGEM Buyer, Inc.(2)Delayed Draw Term Loan4,946 — 
PowerGEM Buyer, Inc.(2)Revolver2,579 — 
Premium Invest(2)(3)Capex / Acquisition Facility1,605 1,712 
Process Insights Acquisition, Inc.(2)Delayed Draw Term Loan935 935 
Process Insights Acquisition, Inc.(2)Revolver104 — 
Process Insights Acquisition, Inc.(2)Revolver— 1,014 
ProfitOptics, LLC(2)Revolver242 210 
Protego Bidco B.V.(2)(3)Delayed Draw Term Loan— 656 
Pro-Vision Solutions Holdings, LLCRevolver2,077 — 
PSP Intermediate 4, LLC(2)(3)Delayed Draw Term Loan193 206 
Qualified Industries, LLCRevolver242 242 
R1 HOLDINGS, LLCDelayed Draw Term Loan— 1,682 
R1 HOLDINGS, LLCRevolver1,601 1,947 
RA Outdoors, LLC(2)Revolver— 438 
Randys Holdings, Inc.Delayed Draw Term Loan2,399 3,412 
Randys Holdings, Inc.Revolver1,231 1,326 
Rapid Buyer LLC(2)Delayed Draw Term Loan2,956 — 
Rapid Buyer LLC(2)Revolver1,478 — 
Rhondda Financing No. 1 DAC(4)Structured Junior Note— 4,707 
Rocade Holdings LLCPreferred Equity14,000 17,500 
Rock Labor LLC(2)Revolver1,103 1,103 
ROI Solutions LLC(2)Delayed Draw Term Loan3,506 — 
ROI Solutions LLC(2)Revolver3,138 — 
Royal Buyer, LLCDelayed Draw Term Loan— 922 
Royal Buyer, LLCRevolver1,748 1,340 
RPX CorporationRevolver3,024 — 
RTIC Subsidiary Holdings, LLC(2)Revolver— 3,333 
Saab Purchaser, Inc. (2)Delayed Draw Term Loan4,787 — 
Saab Purchaser, Inc. (2)Revolver2,394 — 
Sanoptis S.A.R.L.(2)(3)Capex / Acquisition Facility— 1,458 
Sanoptis S.A.R.L.(2)(3)Capex / Acquisition Facility— 16 
Sanoptis S.A.R.L.(2)(3)Term Loan2,456 — 
Sansidor BV(2)(3)Capex / Acquisition Facility396 — 
SBP Holdings LPDelayed Draw Term Loan7,905 — 
SBP Holdings LPDelayed Draw Term Loan— 151 
SBP Holdings LPRevolver3,250 1,065 
Portfolio Company(1)
($ in thousands)
Investment Type
December 31, 2024
December 31, 2023
Scaled Agile, Inc.(2)Revolver— 280 
Scout Bidco B.V.(2)(3)Revolver999 640 
Security Holdings B.V.(2)(3)Revolver1,036 1,105 
Security Holdings B.V.(2)(3)Revolver880 — 
Sinari Invest(2)(3)Delayed Draw Term Loan449 617 
SISU ACQUISITIONCO., INC.(2)Delayed Draw Term Loan503 1,007 
Skyvault Holdings LLCDelayed Draw Term Loan15,164 — 
Smartling, Inc.Revolver1,176 1,176 
SmartShift Group, Inc.(2)Delayed Draw Term Loan— 3,440 
SmartShift Group, Inc.Revolver1,651 1,651 
Solo Buyer, L.P.(2)Revolver1,463 1,330 
Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.)Delayed Draw Term Loan232 399 
Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.)Revolver156 90 
SPATCO Energy Solutions, LLCDelayed Draw Term Loan1,453 — 
SPATCO Energy Solutions, LLCRevolver1,188 — 
Spatial Business Systems LLCDelayed Draw Term Loan— 1,875 
Spatial Business Systems LLCRevolver1,406 1,406 
SSCP Pegasus Midco Limited(2)(4)Delayed Draw Term Loan2,226 4,119 
Superjet Buyer, LLC(2)Delayed Draw Term Loan4,085 — 
Superjet Buyer, LLC(2)Revolver2,432 1,369 
SVI International LLCDelayed Draw Term Loan74 — 
SVI International LLCRevolver74 — 
Syntax Systems LtdRevolver— 391 
Tank Holding Corp(2)Delayed Draw Term Loan139 — 
Tank Holding Corp(2)Delayed Draw Term Loan— 614 
Tank Holding Corp(2)Revolver873 640 
Tanqueray Bidco Limited(4)Capex / Acquisition Facility1,133 1,153 
TAPCO Buyer LLC(2)Delayed Draw Term Loan8,016 — 
TAPCO Buyer LLC(2)Revolver2,915 — 
Technology Service Stream BidCo Pty Ltd(2)(5)Delayed Draw Term Loan233 — 
Techone B.V.(2)(3)Revolver492 315 
Tencarva Machinery Company, LLC(2)Revolver1,470 1,129 
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)Delayed Draw Term Loan— 1,825 
The Caprock Group, Inc. (aka TA/TCG Holdings, LLC)Revolver827 827 
The Cleaver-Brooks Company, Inc.Revolver— 3,229 
The Hilb Group, LLCDelayed Draw Term Loan— 313 
THG Acquisition, LLC(2)Delayed Draw Term Loan2,299 — 
THG Acquisition, LLC(2)Revolver1,401 — 
Trader Corporation(6)Revolver— 354 
Trintech, Inc.Revolver383 383 
TSYL Corporate Buyer, Inc.(2)Delayed Draw Term Loan11,751 — 
TSYL Corporate Buyer, Inc.(2)Delayed Draw Term Loan— 2,244 
TSYL Corporate Buyer, Inc.(2)Delayed Draw Term Loan— 1,469 
Portfolio Company(1)
($ in thousands)
Investment Type
December 31, 2024
December 31, 2023
TSYL Corporate Buyer, Inc.(2)Revolver443 642 
Turbo Buyer, Inc. (2)Delayed Draw Term Loan— 1,350 
UBC Ledgers Holding AB(2)(9)Delayed Draw Term Loan234 840 
UBC Ledgers Holding AB(2)(9)Revolver— 278 
UHY Advisors, Inc.(2)Delayed Draw Term Loan13,247 — 
UHY Advisors, Inc.(2)Revolver3,507 — 
Union Bidco Limited(4)Capex / Acquisition Facility66 83 
United Therapy Holding III GmbH(2)(3)Capex / Acquisition Facility641 683 
Unither (Uniholding)(2)(3)Delayed Draw Term Loan449 479 
USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.)(2)Delayed Draw Term Loan— 2,540 
WEST-NR ACQUISITIONCO, LLCDelayed Draw Term Loan12,065 — 
WEST-NR ACQUISITIONCO, LLCDelayed Draw Term Loan2,355 2,500 
Whitcraft Holdings, Inc.(2)Delayed Draw Term Loan2,912 — 
Whitcraft Holdings, Inc.(2)Revolver893 1,760 
White Bidco LimitedDelayed Draw Term Loan515 514 
Woodland Foods, LLC(2)Line of Credit1,177 680 
World 50, Inc.Revolver973 — 
WWEC Holdings II CorpRevolver— 2,019 
WWEC Holdings III CorpRevolver2,484 — 
Xeinadin Bidco Limited(2)(4)Capex / Acquisition Facility— 2,704 
ZB Holdco LLC(2)Delayed Draw Term Loan— 2,932 
ZB Holdco LLC(2)Revolver338 845 
Zeppelin Bidco Limited(2)(4)Capex / Acquisition Facility— 2,667 
Total unused commitments to extend financing$388,772 $303,694 
(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.
(9)Actual commitment amount is denominated in Swedish kronor. Commitment was translated into U.S. dollars based on the spot rate at the relevant balance sheet date.