v3.25.2
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

5. Commitments and Contingencies

The Company had the following unfunded commitments and unrealized depreciation by investment as of June 30, 2025 and December 31, 2024:

 

 

 

 

June 30, 2025

 

 

December 31, 2024

 

Unfunded Commitments

 

Maturity/
Expiration

 

Amount

 

 

Unrealized
Depreciation

 

 

Amount

 

 

Unrealized
Depreciation

 

Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company)

 

January 2028

 

$

5,568

 

 

$

—

 

 

$

7,268

 

 

$

—

 

Pace Industries, Inc.

 

October 2026

 

 

—

 

 

 

—

 

 

 

2,336

 

 

 

1,007

 

Ruby Tuesday Operations LLC (fka Ruby Tuesday, Inc.)

 

February 2027

 

 

4,921

 

 

 

—

 

 

 

4,921

 

 

 

—

 

Total

 

 

 

$

10,489

 

 

$

—

 

 

$

14,525

 

 

$

1,007

 

 

The Company’s total capital commitment to its underlying investment in Strategic Ventures is $481,600. As of June 30, 2025 and December 31, 2024, the Company’s unfunded commitment to Strategic Ventures is $219,646.

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of June 30, 2025, management is not aware of any pending or threatened litigation.

In the normal course of business, the Company enters into contracts which provide a variety of representations and warranties, and that provide 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.