Commitments, Contingencies and Indemnifications

9 Months Ended

Sep. 30, 2025

Commitments Contingencies And Indemnifications [Abstract]

Commitments, Contingencies and Indemnifications

Note 8. Commitments, Contingencies and Indemnifications

The Company’s investment portfolio may contain investments that are in the form of lines of credit or unfunded commitments, which require the Company to provide funding when requested by portfolio companies in accordance with the terms of the underlying agreements. Unfunded commitments to provide funds to portfolio companies are not reflected on the Company’s Consolidated Statements of Assets and Liabilities. These commitments are subject to the same underwriting and ongoing portfolio maintenance as are the on-balance sheet financial instruments that the Company holds. Since these commitments may expire without being drawn, the total commitment amount does not necessarily represent future cash requirements. As of September 30, 2025 and December 31, 2024, the Company had aggregated unfunded commitments totaling $212,503 and $212,459, respectively, including foreign denominated commitments converted to USD at the balance sheet date, under loan and financing agreements.

The Company has the following unfunded commitments to portfolio companies (in thousands):

              
             As of September 30, 2025

             As of December 31, 2024

             Company

             Investment Type

             Commitment 
Expiration Date (1)

             Unfunded 
Commitment (2)

             Commitment 
Expiration Date (1)

             Unfunded 
Commitment (2)

3SI Security Systems (7)

Term Loan

12/16/2026

47

12/16/2026

—

ABACUS Holdings I LLC (7)

Revolver

—

—

6/22/2028

550

ABACUS Holdings I LLC (7)

Revolver

—

—

6/24/2028

689

ABACUS Holdings I LLC (7)

Delayed Draw Term Loan

—

—

6/22/2028

4,000

ACI Group Holdings, Inc. (6)

Revolver

8/2/2027

353

8/2/2027

664

Action Signature Acquisition, Inc. (5)

Revolver

12/17/2027

397

6/17/2026

212

Acu-Serve, LLC (7)

Revolver

10/18/2029

750

10/18/2029

750

Acu-Serve, LLC

Delayed Draw Term Loan

—

—

10/18/2029

1,780

Advanced Diabetes Supply (7)

Revolver

—

—

12/30/2027

350

Affinitiv, Inc. (7)

Revolver

7/26/2027

425

7/26/2027

425

Alcanza Clinical Research (5)

Revolver

12/15/2027

125

12/15/2027

—

Alera Group Inc.

Delayed Draw Term Loan

—

—

9/30/2028

167

Alpine SG, LLC (5)

Revolver

11/5/2027

105

11/5/2027

105

Ancora Bidco PTY LTD (5)

Delayed Draw Term Loan

11/6/2030

1,433

11/6/2030

1,342

Annuity Health (7)

Revolver

2/8/2029

800

2/8/2029

800

APC Bidco Limited

Delayed Draw Term Loan

11/10/2027

1,212

10/11/2030

2,067

Apps Associates LLC (7)

Revolver

7/2/2027

400

7/2/2027

800

Arrow Management Acquisition, LLC

Revolver

—

—

10/14/2027

1,200

Arrow Management Acquisition, LLC

Delayed Draw Term Loan

—

—

10/14/2027

1,809

Automated Control Concepts, Inc. (5)

Revolver

10/22/2026

833

10/22/2026

833

Auveco Holdings (7)

Revolver

5/5/2028

525

5/5/2028

465

Avalign Technologies, Inc. (6)

Revolver

12/20/2028

1,169

12/20/2028

1,169

Avidity Acquisition B.V. (7)

Delayed Draw Term Loan

3/4/2029

518

n/a

—

AX VI INV2 Holding AB (Voff)  (8)

Revolver

8/31/2029

436

8/31/2029

385

Balance Partners (7)

Revolver

4/3/2030

550

4/3/2030

550

Balance Partners (7)

Delayed Draw Term Loan

4/3/2030

1,506

4/3/2030

3,250

Bandon Fitness (Texas) Inc.

Revolver

7/27/2028

—

7/27/2028

401

Banker's Toolbox, Inc. (6)

Revolver

7/27/2027

2,406

7/27/2027

2,406

Bayside Opco, LLC (7)

Revolver

5/31/2026

634

5/31/2026

634

Belay Inc. (7)

Revolver

11/15/2025

650

6/25/2026

650

Benesys Inc.

Revolver

10/3/2025

—

10/3/2025

(2

)

Benesys Inc.

Revolver

10/3/2025

—

10/3/2025

24

Blue Mantis (6)

Revolver

8/5/2030

263

8/19/2030

630

BVI Medical Inc. (6)

Delayed Draw Term Loan

9/7/2027

442

n/a

—

BVI Medical Inc. (6)

Revolver

3/7/2032

821

n/a

—

C-4 Analytics (7)

Revolver

5/14/2030

1,295

5/14/2030

1,295

C-4 Analytics (7)

Delayed Draw Term Loan

5/14/2026

4,650

5/14/2030

4,650

Career Certified, LLC (7)

Delayed Draw Term Loan

2/19/2031

450

n/a

—

Career Certified, LLC (7)

Revolver

2/19/2031

350

n/a

—

CC Amulet Management, LLC (7)

Revolver

8/31/2027

5

8/31/2027

97

Centria Subsidiary Holdings, LLC (7)

Revolver

12/9/2025

1,974

6/9/2027

1,974

Claritas, LLC (7)

Revolver

3/31/2026

1,950

3/31/2026

1,950

Concord III, LLC (7)

Term Loan

12/20/2028

138

12/20/2028

275

ConvenientMD (5)

Revolver

6/15/2027

413

6/15/2029

688

DataVail (7)

Revolver

1/4/2029

183

1/4/2029

(4

)

DataVail (7)

Revolver

1/4/2029

100

1/4/2029

192

DataVail

Delayed Draw Term Loan

—

—

1/4/2029

2,128

Duraserv LLC

Delayed Draw Term Loan

—

—

6/10/2031

899

Duraserv LLC (6)

Delayed Draw Term Loan

3/3/2027

1,604

n/a

—

Duraserv LLC (6)

Revolver

6/10/2030

893

6/10/2030

893

Eagle Midco B.V. (Avania) (10)

Delayed Draw Term Loan

7/5/2029

2,892

7/5/2029

2,552

Effective School Solutions LLC (7)

Revolver

11/30/2027

110

n/a

—

Effective School Solutions LLC (7)

Revolver

11/30/2027

35

11/30/2027

348

Efor Holding

Delayed Draw Term Loan

—

—

10/4/2030

120

EMS Buyer, Inc. (7)

Revolver

11/23/2027

147

11/23/2027

147

Envocore Holding, LLC (5)

Revolver

12/31/2027

1,667

12/31/2025

1,806

Eshipping (7)

Revolver

11/5/2027

1,073

11/5/2027

1,150

Essential Services Holding Corporation (6)

Revolver

6/17/2031

744

6/17/2031

929

Essential Services Holding Corporation (6)

Delayed Draw Term Loan

6/17/2030

1,487

6/17/2030

1,487

Evergreen IX Borrower 2023, LLC (6)

Revolver

9/29/2029

1,500

9/29/2029

1,500

Everlast Parent Inc. (7)

Revolver

10/30/2026

506

10/30/2028

783

Evolution BuyerCo, Inc. (7)

Revolver

4/30/2030

729

4/30/2027

729

Flow Service Partners Intermediate Holdco LLC (7)

Revolver

11/19/2030

560

11/19/2030

800

Flow Service Partners Intermediate Holdco LLC (7)

Delayed Draw Term Loan

11/19/2030

900

11/19/2030

1,350

Formulations Parent Corporation (6)

Revolver

—

—

11/15/2029

1,651

FS Whitewater Borrower, LLC (3)

Delayed Draw Term Loan

3/31/2027

1,744

n/a

—

FS Whitewater Borrower, LLC (6)

Revolver

12/21/2027

690

12/21/2027

690

Galway Borrower, LLC (6)

Revolver

9/30/2027

348

9/30/2028

417

Galway Borrower, LLC (6)

Revolver

9/30/2028

565

9/30/2028

565

Galway Borrower, LLC (6)

Delayed Draw Term Loan

2/7/2026

511

9/30/2028

599

GB Eagle Buyer, Inc. (7)

Revolver

11/29/2030

321

11/29/2030

513

GB Eagle Buyer, Inc. (7)

Delayed Draw Term Loan

11/29/2030

1,282

11/29/2030

1,282

Gener8, LLC (5)

Revolver

2/19/2026

299

8/14/2025

299

GH Parent Holdings Inc.

Delayed Draw Term Loan

—

—

5/4/2027

1,172

GH Parent Holdings Inc. (7)

Revolver

5/4/2029

1,819

5/4/2027

1,819

GrapeTree Medical Staffing, LLC (7)

Revolver

4/30/2026

600

4/30/2026

600

Great Lakes Dental Partners, LLC (7)

Revolver

6/23/2026

100

6/23/2026

100

Guardian Access Solutions (7)

Revolver

8/1/2029

225

8/24/2029

413

Guardian Access Solutions

Delayed Draw Term Loan

—

—

8/24/2029

974

Halo Buyer, Inc. (7)

Revolver

8/7/2029

422

n/a

—

Hamsard 3778 Limited

Delayed Draw Term Loan

10/28/2031

1,476

10/28/2031

1,375

Hercules Borrower LLC (7)

Revolver

12/15/2028

2,222

12/15/2026

2,222

HGH Purchaser, Inc. (6)

Revolver

11/3/2025

387

11/1/2026

1,547

Homecare Partners Management, LLC (7)

Revolver

5/25/2027

557

5/25/2027

249

Homecare Partners Management, LLC

Delayed Draw Term Loan

—

—

6/18/2030

1,836

Hospice Care Buyer, Inc. (7)

Revolver

12/9/2026

637

12/9/2026

660

HS Spa Holdings Inc. (Hand & Stone)

Delayed Draw Term Loan

—

—

6/2/2029

501

HS Spa Holdings Inc. (Hand & Stone) (6)

Revolver

6/2/2028

1,196

6/2/2028

1,209

Hsid Acquisition, LLC (7)

Revolver

1/31/2026

750

1/31/2026

750

iLending LLC

Revolver

—

—

6/21/2026

718

Imagenet, LLC (7)

Revolver

12/31/2030

650

12/31/2030

650

Infobase (7)

Revolver

6/14/2028

715

6/14/2028

643

Integrity Marketing Acquisition, LLC (6)

Revolver

8/28/2028

1,409

8/28/2028

1,409

Iris Buyer, LLC (7)

Delayed Draw Term Loan

8/4/2026

1,883

n/a

—

Iris Buyer, LLC

Delayed Draw Term Loan

—

—

10/2/2030

515

Iris Buyer, LLC (7)

Revolver

10/2/2029

1,211

10/2/2029

1,514

IVX Health Merger Sub, Inc. (7)

Revolver

6/7/2030

3,519

6/7/2030

3,519

Jordan Bidco, Ltd. (10)

Delayed Draw Term Loan

2/28/2027

3,559

8/31/2028

3,317

JTM Foods LLC (7)

Revolver

5/14/2027

100

5/14/2027

53

King Mid LLC

Delayed Draw Term Loan

—

—

12/15/2027

1,592

King Mid LLC (7)

Delayed Draw Term Loan

—

—

n/a

—

King Mid LLC

Revolver

—

—

12/15/2027

300

Lash Opco LLC (7)

Revolver

9/18/2027

140

9/18/2025

4

Learn-It Systems, LLC

Revolver

—

—

9/18/2026

900

Lexipol (Ranger Buyer, Inc.) (6)

Revolver

11/18/2027

1,105

11/18/2027

1,105

Lighthouse Lab Services (7)

Revolver

10/25/2027

153

10/25/2027

153

Lightspeed Buyer, Inc. (7)

Revolver

2/3/2027

1,100

2/3/2027

1,100

Lightspeed Buyer, Inc.

Delayed Draw Term Loan

—

—

2/3/2027

1,250

Lion Cashmere Bidco Limited (5)

Delayed Draw Term Loan

3/23/2028

3,237

3/23/2028

2,856

List Partners, Inc.

Revolver

—

—

6/30/2025

135

Mann Lake Ltd.

Revolver

—

—

1/31/2025

56

Mario Purchaser, LLC (6)

Revolver

4/26/2028

661

4/26/2028

731

Mario Purchaser, LLC

Delayed Draw Term Loan

—

—

4/26/2029

4,305

Marlin DTC-LS Midco 2, LLC (7)

Revolver

7/1/2026

143

7/1/2025

143

MB2 Dental (6)

Delayed Draw Term Loan

2/13/2027

397

2/13/2031

397

MB2 Dental (6)

Revolver

2/13/2031

427

2/13/2031

427

MB2 Dental (6)

Delayed Draw Term Loan

2/13/2026

1,160

2/13/2031

1,698

Medical Review Institute of America (7)

Revolver

7/1/2030

592

7/1/2030

800

Medicus IT (6)

Revolver

6/30/2032

1,100

7/9/2030

1,100

Medicus IT (6)

Delayed Draw Term Loan

7/9/2026

2,800

7/9/2030

2,800

MeriCal, LLC (5)

Revolver

11/16/2025

251

11/16/2025

485

MHS Acquisition Holdings, LLC (7)

Delayed Draw Term Loan

7/21/2027

1

7/21/2027

1

MHS Acquisition Holdings, LLC (7)

Revolver

7/21/2027

90

7/21/2027

120

Minuteman Security Technologies, Inc.

Delayed Draw Term Loan

—

—

2/2/2029

928

Minuteman Security Technologies, Inc. (7)

Revolver

2/1/2029

1,000

2/2/2029

1,000

Miracle Mile Holdings, LLC (7)

Delayed Draw Term Loan

2/28/2027

5,027

n/a

—

Miracle Mile Holdings, LLC (7)

Revolver

11/1/2028

88

n/a

—

MRI Software LLC

Delayed Draw Term Loan

—

—

2/10/2027

949

MRI Software LLC (7)

Revolver

2/10/2026

1,391

2/10/2026

1,460

MWD Management LLC (United Derm) (7)

Revolver

6/15/2027

800

6/15/2027

720

Net Health Acquisition Corp. (6)

Revolver

n/a

1,705

7/5/2031

1,432

Newcleus, LLC (5)

Revolver

8/2/2026

435

8/2/2026

435

Newcleus, LLC (5)

Delayed Draw Term Loan

8/2/2026

458

8/2/2026

458

NRG Controls (7)

Revolver

10/28/2030

450

10/28/2030

450

NRG Controls (7)

Delayed Draw Term Loan

10/28/2030

800

10/28/2030

800

Nurture Landscapes

Delayed Draw Term Loan

—

—

6/3/2028

6,243

Odessa Technologies, Inc. (6)

Revolver

10/19/2027

2,500

10/19/2027

2,500

Oliver Packaging LLC (7)

Revolver

7/6/2028

351

7/6/2028

351

Omega Systems Intermediate Holdings, Inc. (6)

Delayed Draw Term Loan

1/15/2027

1,200

n/a

—

Omega Systems Intermediate Holdings, Inc. (6)

Revolver

1/15/2031

400

n/a

—

Omni Ophthalmic Management Consultants, LLC (7)

Revolver

1/31/2026

323

n/a

—

Online Labels Group, LLC (7)

Delayed Draw Term Loan

12/19/2025

263

12/19/2029

525

Online Labels Group, LLC (7)

Delayed Draw Term Loan

12/19/2025

525

12/19/2029

525

Online Labels Group, LLC (7)

Revolver

12/19/2029

650

12/19/2029

650

Painters Supply & Equipment Company (7)

Revolver

8/10/2027

479

8/10/2027

183

Painters Supply & Equipment Company (7)

Delayed Draw Term Loan

4/29/2030

578

4/29/2030

578

Patriot Acquisition Topco S.A.R.L (7)

Delayed Draw Term Loan

10/13/2025

35

1/29/2028

890

Patriot Acquisition Topco S.A.R.L (7)

Revolver

1/29/2026

1,643

1/29/2026

1,770

Patriot Growth Insurance Services, LLC

Delayed Draw Term Loan

—

—

10/14/2028

295

Patriot Growth Insurance Services, LLC (6)

Revolver

10/14/2028

660

10/14/2028

330

PCS Retirement (7)

Revolver

3/1/2030

700

3/1/2030

578

PCS Retirement (7)

Delayed Draw Term Loan

2/27/2026

798

3/1/2030

860

Pitch MidCo B.V.

Delayed Draw Term Loan

4/26/2028

1,412

4/26/2031

1,484

Plasma Buyer LLC (PathGroup)

Delayed Draw Term Loan

—

—

5/12/2029

54


Plasma Buyer LLC (PathGroup) (6)	Revolver	5/12/2029	4	5/12/2029			357
PPV Intermediate Holdings LLC (Vetcor) (6)	Revolver	8/31/2029	228	8/31/2029			228
Premier Dental Care Management, LLC (6)	Revolver	8/5/2027	2,361	8/5/2027			2,125
Premier Dental Care Management, LLC	Delayed Draw Term Loan	—	—	8/5/2028			2,562
PromptCare Intermediate, LP (7)	Delayed Draw Term Loan	10/20/2025	2,111	4/19/2030			2,111
Pye-Barker Fire & Safety, LLC (6)	Revolver	5/24/2030	2,289	5/24/2030			2,289
Quorum Health Resources (5)	Revolver	5/26/2027	597	5/26/2027			674
Receivable Solutions, Inc. (7)	Revolver	4/1/2026	120	10/1/2025			180
REP Behavioral Health, LLC (7)	Revolver	12/31/2030	1,402	12/31/2030			1,329
REP Behavioral Health, LLC (7)	Delayed Draw Term Loan	12/31/2030	2,500	12/31/2030			2,500
Right Networks, LLC	Revolver	—	—	5/21/2026			233
Right Networks, LLC (7)	Revolver	5/29/2029	570	n/a			—
RN Enterprises, LLC (6)	Revolver	10/17/2031	1,092	10/17/2031			1,106
RN Enterprises, LLC (6)	Delayed Draw Term Loan	10/17/2031	1,965	10/17/2031			2,183
RWA Wealth Partners, LLC. (6)	Revolver	11/15/2030	1,340	11/15/2030			1,400
RWA Wealth Partners, LLC. (6)	Delayed Draw Term Loan	11/15/2030	4,356	11/15/2030			4,641
Safco Dental Supply, LLC (7)	Revolver	3/31/2026	258	6/14/2025			258
Saturn Borrower Inc (7)	Revolver	9/30/2026	1,380	9/30/2026			—
SC MidCo Oy (7)	Delayed Draw Term Loan	3/19/2032	93	n/a			—
Seniorlink Incorporated (7)	Revolver	12/31/2027	458	12/31/2027			458
Seniorlink Incorporated (7)	Revolver	12/31/2027	1,038	12/31/2027			1,038
Slickdeals Holdings, LLC	Revolver	—	—	6/30/2025			727
Smartronix, LLC	Revolver	—	—	11/23/2028			3,290
Smile Doctors LLC (6)	Revolver	12/23/2027	1,262	12/23/2027			1,262
Soltis (7)	Revolver	8/5/2030	500	8/5/2030			500
Soltis (7)	Delayed Draw Term Loan	8/5/2026	1,638	8/5/2030			2,600
Solvias AG (6)	Revolver	2/27/2032	3,285	n/a			—
SQAD Holdco, Inc. (7)	Revolver	4/25/2028	1,050	4/25/2028			1,050
Stepping Stones Healthcare Services, LLC (6)	Revolver	12/30/2026	1,887	12/30/2026			1,887
Stepping Stones Healthcare Services, LLC (6)	Delayed Draw Term Loan	4/25/2026	2,735	12/30/2028			3,396
Strata Information Group, Inc. (6)	Revolver	12/31/2030	700	12/31/2030			350
Strata Information Group, Inc. (6)	Delayed Draw Term Loan	12/31/2030	882	12/31/2030			1,200
Summit 7 Systems, LLC (7)	Revolver	5/23/2028	594	5/23/2028			264
Sun Acquirer Corp. (6)	Revolver	9/8/2027	1,812	9/5/2027			1,812
Sydney US Buyer Corp. (3B Scientific) (10)	Delayed Draw Term Loan	12/14/2026	3,690	7/8/2029			3,960
Sydney US Buyer Corp. (3B Scientific)	Delayed Draw Term Loan	—	—	7/8/2029			25
Teal Acquisition Co., Inc	Revolver	9/22/2026	—	9/22/2026			182
Team Select (CSC TS Merger SUB, LLC) (7)	Revolver	5/4/2029	650	5/4/2029			650
Team Select (CSC TS Merger SUB, LLC) (7)	Delayed Draw Term Loan	6/17/2030	800	6/17/2030			800
Team Select (CSC TS Merger SUB, LLC) (7)	Delayed Draw Term Loan	5/4/2029	600	5/4/2029			840
The Hilb Group, LLC (6)	Revolver	12/2/2025	1,547	10/31/2031			1,547
The Hilb Group, LLC (6)	Delayed Draw Term Loan	10/31/2026	2,797	10/31/2031			3,341
TMA Buyer, LLC	Revolver	—	—	9/30/2027			385
Transportation Insight, LLC (5)	Revolver	6/18/2027	54	6/18/2027			412
TriStrux, LLC (7)	Revolver	12/15/2026	97	12/15/2026			97
UHY Advisors , Inc. (6)	Revolver	11/21/2031	1,107	11/21/2031			1,200
UHY Advisors , Inc. (6)	Delayed Draw Term Loan	11/21/2031	4,287	11/21/2031			4,575
Unifeye Vision Partners (7)	Revolver	9/13/2027	1,360	9/15/2025			453
USA Hometown Experts, Inc. (7)	Revolver	11/8/2029	720	11/8/2029			720
USA Hometown Experts, Inc.	Delayed Draw Term Loan	—	—	11/8/2029			2,450
Vantage Insurance Partners, Inc. (7)	Revolver	12/22/2028	698	12/22/2028			698
Vantage Insurance Partners, Inc. (7)	Delayed Draw Term Loan	—	—	12/22/2028			4,600
Vital Care Buyer, LLC (6)	Revolver	7/30/2031	283	7/30/2031			283
WCT Group Holdings, LLC (6)	Revolver	12/12/2029	457	12/12/2029			457
Winxnet Holdings LLC (7)	Revolver	6/30/2026	650	12/29/2025			244
A&A Global Imports, LLC	Revolver	6/1/2026	—	6/1/2026			0
Annuity Health	Term Loan	2/8/2029	—	2/8/2029			0
Blue Mantis (6)	Delayed Draw Term Loan	4/24/2027	3,656		—	—	—
Cary Street Partners Financial LLC (7)	Delayed Draw Term Loan	5/30/2027	2,850		—	—	—
Cary Street Partners Financial LLC (7)	Revolver	5/30/2031	350		—	—	—
GH Parent Holdings Inc. (7)	Delayed Draw Term Loan	5/4/2029	4,752		—	—	—
iLending LLC (7)	Revolver	12/21/2028	359		—	—	—
King Mid LLC (7)	Delayed Draw Term Loan	4/23/2031	5,527		—	—	—
King Mid LLC (7)	Revolver	4/23/2027	1,400		—	—	—
Landscape Workshop, LLC (6)	Delayed Draw Term Loan	5/16/2027	2,820		—	—	—
Landscape Workshop, LLC (6)	Revolver	5/16/2031	2,011		—	—	—
Medicus IT (6)	Delayed Draw Term Loan	6/30/2027	157		—	—	—
Medicus IT (6)	Revolver	11/18/2025	530		—	—	—
Patriot Acquisition Topco S.A.R.L (7)	Delayed Draw Term Loan	1/2/2026	864		—	—	—
Ruffalo Noel Levitz, LLC (7)	Revolver	12/31/2026	66		—	—	—
Team Select (CSC TS Merger SUB, LLC) (7)	Delayed Draw Term Loan	9/4/2026	1,000		—	—	—
Team Select (CSC TS Merger SUB, LLC) (7)	Revolver	5/4/2029	400		—	—	—
Arrow Management Acquisition, LLC (6)	Delayed Draw Term Loan	7/25/2027	4,581		—	—	—
Arrow Management Acquisition, LLC (6)	Revolver	7/25/2032	1,527		—	—	—
Bandon Fitness (Texas) Inc.	Delayed Draw Term Loan	—	—		—	—	—
Everlast Parent Inc.	Delayed Draw Term Loan	—	—		—	—	—
Headlands Buyer, Inc. (7)	Delayed Draw Term Loan	9/29/2027	687		—	—	—
Headlands Buyer, Inc. (7)	Revolver	9/29/2032	321		—	—	—
New Era Technology, Inc. (7)	Revolver	6/30/2030	357		—	—	—


Pi Buyer, LLC (6)	Delayed Draw Term Loan	8/29/2027		1,450	—	—		—
Pi Buyer, LLC (6)	Revolver	8/29/2032		500	—	—		—
Slickdeals Holdings, LLC (7)	Revolver	6/30/2030		582	—	—		—
Staff Boom, LLC (7)	Revolver	9/19/2031		450	—	—		—
USA Hometown Experts, Inc. (7)	Delayed Draw Term Loan	7/29/2027		2,450	—	—		—
WCT Group Holdings, LLC (7)	Delayed Draw Term Loan	8/25/2027		1,943	—	—		—
WCT Group Holdings, LLC (7)	Revolver	12/12/2029		229	—	—		—

Total			$	212,503			$	212,459

(1)

Commitments are generally subject to borrowers meeting certain criteria such as compliance with covenants and certain operational metrics. These amounts may remain outstanding until the commitment period of an applicable loan expires, which may be shorter than its maturity.

(2)

Unfunded commitments denominated in currencies other than USD have been converted to USD using the applicable foreign currency exchange rate as of September 30, 2025 and December 31, 2024.

(3)

Investment pays 0.25% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(4)

Investment pays 0.38% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(5)

Investment pays 0.50% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(6)

Investment pays 0.75% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(7)

Investment pays 1.00% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(8)

Investment pays 1.20% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(9)

Investment pays 1.50% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(10)

Investment pays 1.80% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(11)

Investment pays 1.88% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(12)

Investment pays 2.25% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(13)

Investment pays 2.88% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(14)

Investment pays 5.00% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

Other Commitments and Contingencies

In the normal course of business, the Company enters into contracts which provide a variety of representations and warranties, and that provide general indemnifications. Such contracts include those with certain service providers, brokers and trading counterparties. Any exposure to the Company under these arrangements is unknown as it would involve future claims that may be made against the Company; however, based on the Company’s experience, the risk of loss is remote and no such claims are expected to occur. As such, the Company has not accrued any liability in connection with such indemnifications.