| Schedule of Unfunded Commitments |
The following table shows the Company’s unfunded commitments by portfolio company as of June 30, 2025 and December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Unfunded Commitments(1) (in thousands) | | Unfunded Commitments | | Fair Value of Unfunded Commitment Liability | | Unfunded Commitments | | Fair Value of Unfunded Commitment Liability | | Eightfold AI Inc. | | $ | 25,000 | | | $ | 63 | | | $ | — | | | $ | — | | | Project Affinity, Inc. | | 25,000 | | | 108 | | | 5,500 | | | 61 | | | ThoughtSpot, Inc. | | 25,000 | | | 425 | | | — | | | — | | | Rudderstack, Inc. | | 20,000 | | | 98 | | | — | | | — | | | Branch Messenger, Inc. | | 16,934 | | | — | | | — | | | — | | | Simpplr Inc. | | 15,625 | | | 253 | | | — | | | — | | | ActiveHours Inc. | | 15,000 | | | 61 | | | 15,000 | | | 61 | | | Ao1 Holdings Inc. | | 11,003 | | | 104 | | | 11,003 | | | 104 | | | Minted Inc. | | 9,524 | | | — | | | 8,500 | | | — | | | Muon Space, Inc. | | 7,700 | | | 166 | | | 10,000 | | | 155 | | | Tetrascience, Inc. | | 5,000 | | | — | | | — | | | — | | | Hover Inc. | | 4,000 | | | 40 | | | 4,000 | | | 40 | | | All Inspire Health, Inc. | | 1,000 | | | 27 | | | — | | | — | | | Eridu Corporation | | 1,000 | | | 10 | | | — | | | — | | | Equafin Corp. | | 877 | | | 4 | | | — | | | — | | | Hydrow, Inc. | | 861 | | | — | | | 543 | | | — | | | FlashParking, Inc. | | 500 | | | 2 | | | 500 | | | 2 | | | Panorama Education, Inc. | | 380 | | | — | | | 4,280 | | | — | | | Parry Labs, LLC | | 267 | | | — | | | 500 | | | 4 | | | FabFitFun, Inc. | | — | | | 447 | | | — | | | — | | | Corelight, Inc. | | — | | | — | | | 9,000 | | | 301 | | | Cresta Intelligence Inc. | | — | | | — | | | 10,000 | | | 33 | | | Ocrolus Inc. | | — | | | — | | | 2,856 | | | 37 | | | Overtime Sports Inc. | | — | | | — | | | 22,858 | | | 122 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 184,671 | | | $ | 1,808 | | | $ | 104,540 | | | $ | 920 | |
_______________ (1)The Company did not have any backlog of potential future commitments as of June 30, 2025 and December 31, 2024. Refer to the “Backlog of Potential Future Commitments” below.
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| Schedule of Level 3 Commitment Liabilities |
These liabilities are considered Level 3 liabilities under ASC Topic 820 as there is no known or accessible market or market indices for these types of financial instruments. Both observable and unobservable inputs were used to determine the fair value of positions that the Company has classified within the Level 3 category. The following table shows additional details regarding the Company's unfunded commitment activity during the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | Commitments Activity
(in thousands) | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Unfunded commitments at beginning of period(1) | | $ | 116,842 | | | $ | 73,101 | | | $ | 104,540 | | | $ | 118,111 | | New commitments(1) | | 160,143 | | | 52,000 | | | 236,643 | | | 62,000 | | | Fundings | | (78,509) | | | (38,674) | | | (106,185) | | | (52,174) | | | Expirations / Terminations | | (13,805) | | | (15,000) | | | (50,327) | | | (56,510) | | | | | | | | | | | | Unfunded commitments and backlog of potential future commitments at end of period | | $ | 184,671 | | | $ | 71,427 | | | $ | 184,671 | | | $ | 71,427 | | | Backlog of potential future commitments | | — | | | — | | | — | | | — | | | Unfunded commitments at end of period | | $ | 184,671 | | | $ | 71,427 | | | $ | 184,671 | | | $ | 71,427 | |
_______________ (1)Includes backlog of potential future commitments. Refer to the “Backlog of Potential Future Commitments” below.
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| Schedule of Contractual Obligation, Fiscal Year Maturity |
The following table shows additional information on the Company’s unfunded commitments regarding milestones and expirations as of June 30, 2025 and December 31, 2024: | | | | | | | | | | | | | | | Unfunded Commitments(1) (in thousands) | | June 30, 2025 | | December 31, 2024 | | Dependent on milestones | | $ | 27,300 | | | $ | 9,100 | | | Expiring during: | | | | | | | | | | | 2025 | | $ | 19,604 | | | $ | 83,617 | | | 2026 | | 88,610 | | | 20,923 | | | 2027 | | 76,457 | | | — | | | Unfunded commitments | | $ | 184,671 | | | $ | 104,540 | |
_______________ (1)Does not include backlog of potential future commitments. Refer to the “Backlog of Potential Future Commitments” below.
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