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Commitments and Contingencies | 9 Months Ended
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Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | 8. COMMITMENTS AND CONTINGENCIES From time-to-time the Company is a party to financial instruments with off-balance sheet risk in the normal course of business in order to meet the needs of the Company’s investment in portfolio companies. Such instruments include commitments to extend credit and may involve, in varying degrees, elements of credit risk in excess of amounts recognized on the Company’s balance sheet. Prior to extending such credit, the Company attempts to limit its credit risk by conducting extensive due diligence, obtaining collateral where necessary and negotiating appropriate financial covenants. As of September 30, 2022 and December 31, 2021, the Company had $54.4 million and $47.9 million unfunded commitments, respectively. The Company has made an aggregate commitment to the Great Lakes II Joint Venture of $50 million, subject to certain limitations (including that the Company is not obligated to fund capital calls if such funding would cause the Company to be out of compliance with certain provisions of the 1940 Act). As of September 30, 2022 the Company had a $21.7 million unfunded commitment to the Great Lakes II Joint Venture. As of December 31, 2021, the Company had a $13.0 million unfunded commitment to the Prior Great Lakes Joint Venture. The Company is involved in litigation in the normal course of its operations and does not expect that the outcome of those litigations to have a material adverse impact to the Company’s financial position or results of operations. The Company may, from time to time, enter into commitments to fund investments. These unfunded commitments are assessed for fair value in accordance with ASC 820. As of September 30, 2022, the Company had the following outstanding commitments to fund investments in current portfolio companies:
($ in thousands) |  |  |  | Par Value |
Portfolio Company |  | Investment |  | September 30, 2022 |
Accordion Partners LLC |  | Delayed Draw Term Loan |  | $ |  | 698 |
Accordion Partners LLC |  | Delayed Draw Term Loan |  |  |  | 872 |
Accordion Partners LLC |  | Revolver |  |  |  | 1,531 |
AMCP Pet Holdings, Inc. |  | Revolving Loan |  |  |  | 250 |
Analogic Corporation |  | Revolver |  |  |  | 35 |
Anthem Sports & Entertainment Inc. |  | Revolver |  |  |  | 83 |
Appfire Technologies, LLC |  | Delayed Draw Term Loan |  |  |  | 1,665 |
Beta Plus Technologies, Inc. |  | Revolver |  |  |  | 2,415 |
Bradshaw International Parent Corp. |  | Revolver |  |  |  | 538 |
Bristol Hospice |  | Delayed Draw Term Loan |  |  |  | 55 |
Centric Brands Inc. |  | Revolver |  |  |  | 58 |
Centric Brands Inc. |  | Revolver |  |  |  | 109 |
Critical Nurse Staffing, LLC |  | Revolver |  |  |  | 2,000 |
Critical Nurse Staffing, LLC |  | Delayed Draw Term Loan |  |  |  | 3,094 |
Global Integrated Flooring Systems Inc. |  | Revolver |  |  |  | 25 |
H.W. Lochner, Inc. |  | Revolver |  |  |  | 1,799 |
Luminii LLC |  | Revolver |  |  |  | 172 |
Marble Point Credit Management LLC |  | Revolver |  |  |  | 2,500 |
Maxor National Pharmacy Services, LLC |  | Revolver |  |  |  | 585 |
Naviga Inc. |  | Revolver |  |  |  | 77 |
Netwrix Corporation |  | Delayed Draw Term Loan - First Lien |  |  |  | 1,222 |
Netwrix Corporation |  | Revolver |  |  |  | 1,148 |
Netwrix Corporation |  | Delayed Draw Term Loan - First Lien |  |  |  | 192 |
Premier Imaging, LLC |  | Delayed Draw Term Loan |  |  |  | 1,378 |
TA/WEG Holdings, LLC |  | Delayed Draw Term Loan |  |  |  | 4,603 |
TA/WEG Holdings, LLC |  | Revolver |  |  |  | 784 |
TLE Holdings, LLC |  | Delayed Draw Term Loan |  |  |  | 2 |
Aperture Dodge 18 LLC |  | Equity - Unfunded |  |  |  | 2,927 |
GreenPark Infrastructure, LLC |  | Preferred Equity |  |  |  | 1,829 |
Series A-Great Lakes Funding II LLC |  | Joint Ventures |  |  |  | 21,749 |
Total Unfunded Portfolio Company Commitments |  |  |  | $ |  | 54,394 |

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