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Indemnification, Guarantees, Commitments and Contingencies | 9 Months Ended
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Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Indemnification, Guarantees, Commitments and Contingencies | Note 6. Indemnification, Guarantees, Commitments and Contingencies In the normal course of business, the Company enters into contracts that provide a variety of representations and warranties and 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. The Company’s board of directors declared the following quarterly distributions during the nine months ended September 30, 2025:
Declared Date |  | Ex-Date |  | Record Date |  | Pay Date |  | Amount per Share |  | Fiscal Quarter
March 20, 2025 |  | April 24, 2025 |  | April 25, 2025 |  | May 16, 2025 |  | $0.12 |  | 1st 2025
April 15, 2025 |  | May 23, 2025 |  | May 24, 2025 |  | June 14, 2025 |  | $0.12 |  | 2nd 2025
August 7, 2025 |  | September 17, 2025 |  | September 18, 2025 |  | October 9, 2025 |  | $0.14 |  | 3rd 2025
Loans purchased by the Company may include revolving credit agreements or other financing commitments obligating the Company to advance additional amounts on demand. The Company generally sets aside sufficient liquid assets to cover its unfunded commitments, if any. The following table details the Company’s unfunded commitments to portfolio companies as of September 30, 2025:
Investments |  | Unfunded Commitment |  | Fair Value |  | Annual Non-use Fee |  | Expiration Date
Accelevation, LLC - DDTL |  | $1,162,615 |  | $— |  | 1.00% |  | 1/2/2031
Uniguest Holdings - DDTL |  | 1,111,111 |  | — |  | 1.00% |  | 11/27/2030
Argano, LLC - DDTL |  | 781,327 |  | — |  | 1.00% |  | 9/13/2029
Accelevation, LLC - Revolver |  | 705,129 |  | — |  | 0.50% |  | 1/2/2031
Crafty Apes LLC - DDTL - Second Out |  | 492,735 |  | — |  | — |  | 6/1/2027
Arborworks Acquisition LLC – Revolver |  | 484,632 |  | — |  | — |  | 11/6/2028
Uniguest Holdings - Revolver |  | 333,333 |  | — |  | 0.50% |  | 11/27/2030
Integrity Marketing Acquisition, LLC - DDTL |  | 191,601 |  | — |  | 1.00% |  | 8/25/2028
Integrity Marketing Acquisition, LLC - Revolver |  | 168,692 |  | — |  | 0.50% |  | 8/25/2028
Argano, LLC - Revolver |  | 144,928 |  | — |  | 0.50% |  | 9/13/2029
Total Unfunded Commitments |  | $5,576,103 |  | $— |  |  |  |
The following table details the Company’s unfunded commitments to portfolio companies as of December 31, 2024:
Investments |  | Unfunded Commitment |  | Fair Value |  | Annual Non-use Fee |  | Expiration Date
Uniguest Holdings - DDTL |  | $1,111,111 |  | $— |  | — |  | 11/27/2030
Argano, LLC - DDTL |  | 869,565 |  | — |  | — |  | 8/23/2029
Arborworks Acquisition LLC – Revolver |  | 712,496 |  | — |  | — |  | 11/6/2028
Flatworld Intermediate Corporation – Revolver |  | 567,568 |  | — |  | 0.50% |  | 10/1/2027
Crafty Apes LLC - DDTL - Second Out |  | 492,735 |  | — |  | — |  | 6/1/2027
Sandvine Corporation - DDTL |  | 398,456 |  | — |  | — |  | 10/3/2025
Uniguest Holdings - Revolver |  | 333,333 |  | — |  | — |  | 11/27/2030
Argano, LLC - Revolver |  | 144,928 |  | — |  | — |  | 8/23/2029
Total Unfunded Commitments |  | $4,630,192 |  | $— |  |  |  |

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