Commitments: As of June 30, 2025 and December 31, 2024, the Company had $31,605 and $38,509, respectively, in outstanding commitments to fund investments under undrawn revolvers, delayed draw commitments and subscription agreements, excluding unfunded commitments in SLF. As described in Note 3, the Company had unfunded commitments of $7,350, to SLF as of both June 30, 2025 and December 31, 2024, that may be contributed primarily for the purpose of funding new investments approved by the SLF investment committee. Drawdowns of the commitments to SLF require authorization from one of the Company’s representatives on SLF’s board of managers. Management believes that the Company’s available cash balances and/or ability to draw on the revolving credit facility provide sufficient funds to cover its unfunded commitments as of June 30, 2025.


Portfolio Company	June 30, 2025		December 31, 2024
American Broadband and Telecommunications Company LLC (Revolver)	$	373	$	374
American Broadband and Telecommunications Company LLC (Delayed Draw)	n/a		54
American Community Homes, Inc. (Revolver)	2,500		2,500
Aras Corporation (Revolver)	207		207
Arcserve Cayman Opco LP (Delayed Draw)	386		386
Avalara, Inc. (Revolver)	n/a		400


Bluesight, Inc. (Revolver)	$	348	$	348
Bonterra, LLC (Revolver)	n/a		385
BTR Opco LLC (Delayed Draw)	149		149
Calabrio, Inc. (Revolver)	234		234
Cdata Software, Inc. (Delayed Draw)	556		556
Cdata Software, Inc. (Delayed Draw)	472		472
Cdata Software, Inc. (Revolver)	667		667
Chess.com, LLC (Revolver)	652		652
Destination Media, Inc. (Revolver)	n/a		82
Dorado Acquisition, Inc. (Revolver)	596		596
Douglas Holdings, Inc. (Delayed Draw)	478		543
Douglas Holdings, Inc. (Delayed Draw)	191		260
Douglas Holdings, Inc. (Delayed Draw)	n/a		598
Douglas Holdings, Inc. (Revolver)	217		217
Drawbridge Partners, LLC (Revolver)	522		522
Drawbridge Partners, LLC (Delayed Draw)	79		79
Epika Fleet Services, Inc. (Delayed Draw)	n/a		381
Epika Fleet Services, Inc. (Delayed Draw)	n/a		779
Epika Fleet Services, Inc. (Revolver)	n/a		536
Express Wash Acquisition Company, LLC (Revolver)	n/a		171
Forest Buyer, LLC (Revolver)	750		750
GC Champion Acquisition LLC (Delayed Draw)	669		669
Hastings Manufacturing Company (Revolver)	691		691
HS4 Acquisitionco, Inc. (Revolver)	n/a		266
IDIG Parent, LLC (Common stock)	n/a		43
Independence Buyer, Inc. (Revolver)	1,333		1,138
INH Buyer, Inc. (Delayed Draw)	96		n/a
J2 BWA Funding LLC (Revolver)	n/a		1,061
Kar Wash Holdings, LLC (Delayed Draw)	911		1,846
Kar Wash Holdings, LLC (Revolver)	648		952
Kingsley Gate Partners, LLC (Revolver)	n/a		48
KL Moon Acquisition, LLC (Revolver)	271		352
The Kyjen Company, LLC (Revolver)	105		n/a
Lifted Trucks Holdings, LLC (Revolver)	1,389		1,444
LVF Holdings, Inc. (Revolver)	n/a		141
MEI Buyer LLC (Delayed Draw)	699		n/a
MEI Buyer LLC (Revolver)	354		373
Mindbody, Inc. (Revolver)	n/a		667
Mnine Holdings, Inc. (Revolver)	n/a		613
NationsBenefits, LLC (Delayed Draw)	n/a		649
NationsBenefits, LLC (Revolver)	n/a		2,222
NECB Collections, LLC (Revolver)	45		45
Northeast Contracting Company, LLC (Revolver)	182		318


NQ PE Project Colosseum Midco Inc. (Revolver)	$	438	$	438
Planful, Inc. (Revolver)	663		543
Prototek LLC (Revolver)	288		288
Recorded Future, Inc. (Class A units)	n/a		16
Recycled Plastics Industries, LLC (Revolver)	284		284
Relevate Health Group, LLC (Revolver)	168		147
Seran BioScience, LLC (Delayed Draw)	4,444		n/a
Seran BioScience, LLC (Revolver)	444		444
SFR Holdco 2, LLC (Delayed Draw)	815		1,630
SFR Holdco 2, LLC (Equity Commitment)	543		1,086
Sparq Holdings, Inc. (Delayed Draw)	289		289
Sparq Holdings, Inc. (Revolver)	89		184
Spherix Global Inc. (Revolver)	122		122
Sports Operating Holdings II, LLC (Delayed Draw)	n/a		1,071
Sports Operating Holdings II, LLC (Revolver)	1,038		519
StarCompliance MidCo, LLC (Revolver)	148		100
TigerConnect, Inc. (Delayed Draw)	4		7
TigerConnect, Inc. (Delayed Draw)	75		131
TigerConnect, Inc. (Revolver)	429		429
Tiugo Group Holdings Corp (Delayed Draw)	1,540		n/a
Tiugo Group Holdings Corp (Revolver)	770		n/a
TJ Management HoldCo LLC (Revolver)	541		1,114
V10 Entertainment, Inc. (Revolver)	385		385
V10 Entertainment, Inc. (Common units)	n/a		189
Vhagar Purchaser, LLC (Delayed Draw)	n/a		517
Valudor Products LLC (Revolver)	329		548
Vhagar Purchaser, LLC (Revolver)	n/a		333
Whistler Parent Holdings III, Inc. (Delayed Draw)	247		423
Whistler Parent Holdings III, Inc. (Revolver)	n/a		94
XanEdu Publishing, Inc. (Revolver)	742		742
	$	31,605	$	38,509

Indemnification: In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties that provide general indemnification. The Company’s maximum exposure under these agreements is unknown, as these involve future claims that may be made against the Company but that have not occurred. The Company expects the risk of any future obligations under these indemnification provisions to be remote.

Concentration of credit and counterparty risk: Credit risk arises primarily from the potential inability of counterparties to perform in accordance with the terms of the contract. In the event that the counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparties or issuers of the instruments. It is the Company’s policy to review, as necessary, the credit standing of each counterparty.

Legal proceedings: In the normal course of business, the Company may be subject to legal and regulatory proceedings that are generally incidental to its ongoing operations. While there can be no assurance of the ultimate disposition of any such proceedings, the Company is not currently aware of any such proceedings or disposition that would have a material adverse effect on the Company’s consolidated financial statements.