Commitments and Contingencies (Tables)

4 Months Ended

Jun. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

As of June 30, 2025, the Company had the following commitments to fund delayed draw term loans and an uncommitted accordion.


	Industry	Type of Investment	Total Committed		Less: Funded Commitments		Total Unfunded Commitments1		Total Unfunded Commitments Available for Draw1
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		1,333,333
Roq.Ad, Inc.	Technology – Business	Delayed draw term loan		1,000,000		1,000,000		-		-
Roq.Ad, Inc.	Technology – Business	Uncommitted accordion		6,000,000		-		6,000,000		-
Hearth Display, Inc.	Technology – Consumer	Delayed draw term loan		16,000,000		2,000,000		14,000,000		-
Predictive Fitness, Inc.	Technology – Health & Wellness	Delayed draw term loan		3,000,000		-		3,000,000		-
Atlas Card	Consumer Finance	Delayed draw term loan		18,000,000		-		18,000,000		2,000,000
SE Ranking	Application Software	Delayed draw term loan		1,800,000		-		1,800,000		-
Capacity (AI Software)	Data Processing	Delayed draw term loan		3,600,000		-		3,600,000		-
			$	55,066,667	$	3,000,000	$	52,066,667	$	3,333,333

The unfunded delayed draw term loans may or may not be funded to the borrowing party in the future. These unfunded contractual commitments are generally at the Company's discretion and/or are dependent on the portfolio company meeting certain performance obligations before the debt commitment becomes available to be drawn. Furthermore, the Company’s credit agreements contain customary lending provisions that allow the Company relief from funding obligations for previously made commitments in instances where the underlying portfolio company experiences materially adverse events that affect the financial condition or business outlook for the Company. As of June 30, 2025, $3.3 million was available to be drawn upon by two portfolio companies at their discretion.