Commitments and Contingencies

3 Months Ended

Mar. 31, 2025

Commitments and contingencies (Note 6)

Commitments and Contingencies

Note 6. Commitments and Contingencies

In the ordinary course of its business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company. Currently, no such claims exist or are expected to arise and, accordingly, the Company has not accrued any liability in connection with such indemnifications as of March 31, 2025.

Additionally, from time to time, the Investment Adviser may commit to an investment on behalf of the investment vehicles it manages, including the Company. Certain terms of these investments are not finalized at the time of the commitment and the Company’s allocation may change prior to the date of funding.

As of March 31, 2025, the Company had the following commitments to fund various delayed draw senior secured loans and an uncommitted accordion. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and there can be no assurance that such conditions will be satisfied.

Schedule of commitments
Investments		Industry		Type of Investment		Total Committed				Funded				Unfunded
Galileo Learning LLC		Education		Delayed draw term loan		$	2,000,000			$	-			$	2,000,000
Organixx		Food & Beverage		Delayed draw term loan			1,000,000				-				1,000,000
Happy Head, Inc.		Health & Wellness		Delayed draw term loan			2,666,667				-				2,666,667
Roq.Ad, Inc.		Technology – Business		Uncommitted accordion			7,000,000				-				7,000,000
Fortem Technologies, Inc.		Technology – Aerospace		Delayed draw term loan			5,000,000				-				5,000,000
Hearth Display, Inc.		Technology – Consumer		Delayed draw term loan			16,000,000				-				16,000,000
Predictive Fitness, Inc.		Technology – Health & Wellness		Delayed draw term loan			3,000,000				-				3,000,000
Total						$	36,666,667			$	-			$	36,666,667

See Note 3 – Related Party Transactions for further information on the Company’s Expense Reimbursement Agreement with the Investment Adviser.