v3.25.4
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Aggregate Capital Commitments and Undrawn Capital Commitments from Investors

The Company had aggregate capital commitments and undrawn capital commitments from investors as follows:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

Capital
Commitments

 

 

Unfunded
Capital
Commitments

 

 

% of Capital
Commitments
Funded

 

 

Capital
Commitments

 

 

Unfunded
Capital
Commitments

 

 

% of Capital
Commitments
Funded

 

Common Units

 

$

750,010

 

 

$

330,000

 

 

 

56

%

 

$

750,010

 

 

$

367,500

 

 

 

51

%

Schedule of Unfunded Commitments by Investment Types The Company had the following unfunded commitments by investment types:

 

 

Unfunded Commitment Balances

 

 

 

December 31, 2025

 

 

December 31, 2024

 

1st Lien/Senior Secured Debt

 

 

 

 

 

 

AAG KP Borrower LLC (dba KUIU)

 

$

1,401

 

 

$

 

ABC Investment Holdco Inc. (dba ABC Plumbing)

 

 

1,942

 

 

 

2,967

 

Accommodations Plus Technologies LLC

 

 

879

 

 

 

 

Admiral Buyer, Inc. (dba Fidelity Payment Services)

 

 

2,381

 

 

 

2,465

 

AI Titan Parent, Inc. (dba Prometheus)

 

 

1,644

 

 

 

1,908

 

Apple Bidco Holdings, Inc. (dba Raptor Technologies)

 

 

16,799

 

 

 

 

AQ Sunshine, Inc. (dba Relation Insurance)

 

 

3,462

 

 

 

6,039

 

Ark Data Centers, LLC

 

 

6,975

 

 

 

9,751

 

Artifact Bidco, Inc. (dba Avetta)

 

 

4,433

 

 

4,433

 

BCTO Bluebill Buyer, Inc. (dba Ren)

 

 

948

 

 

 

Blast Bidco Inc. (dba Bazooka Candy Brands)

 

 

522

 

 

522

 

Buckeye Acquiror LLC (dba Superior Environmental Solutions)

 

 

3,502

 

 

3,701

 

Businessolver.com, Inc.

 

 

3,935

 

 

 

Celero Commerce LLC

 

 

1,879

 

 

 

CI (Quercus) Intermediate Holdings, LLC (dba SavATree)

 

 

5,451

 

 

2,751

 

Circustrix Holdings, LLC (dba SkyZone)

 

 

251

 

 

167

 

Coding Solutions Acquisition, Inc. (dba CorroHealth)

 

 

483

 

 

576

 

Convenient Payments Acquisition, Inc.

 

 

164

 

 

 

Crewline Buyer, Inc. (dba New Relic)

 

 

725

 

 

725

 

CURiO Brands LLC

 

 

1,122

 

 

 

Eagle Family Foods Group LLC

 

 

2,255

 

 

2,255

 

Edko, LLC

 

 

5,289

 

 

 

Engage2Excel, Inc.

 

 

165

 

 

165

 

EnviroSmart, LLC (dba ES Integrated)

 

 

1,504

 

 

 

eShipping, LLC

 

 

3,871

 

 

 

Frontline Road Safety Operations, LLC

 

 

2,325

 

 

 

Fullsteam Operations LLC

 

 

4,957

 

 

10,654

 

Geo TopCo Corporation (fka Geotechnical Merger Sub, Inc.)

 

 

4,403

 

 

6,902

 

Guidepoint Security Holdings, LLC (fka GPS Phoenix Buyer, Inc.)

 

 

4,028

 

 

 

2,935

 

Hamilton Thorne, Inc.

 

 

1,528

 

 

5,768

 

Highfive Dental Holdco, LLC

 

 

2,892

 

 

532

 

Ideal Components Acquisition, LLC (dba Ideal Tridon)

 

 

1,930

 

 

 

Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)

 

 

2,406

 

 

 

Kene Acquisition, Inc. (dba Entrust)

 

 

4,036

 

 

 

KPA Parent Holdings, Inc.

 

 

2,067

 

 

 

Legends Hospitality Holding Company, LLC (fka ASM Buyer, Inc.)

 

 

1,140

 

 

2,100

 

Mandrake Bidco, Inc. (dba Miratech)

 

 

3,076

 

 

3,076

 

ML Holdco, LLC (dba MeridianLink)

 

 

1,389

 

 

 

NC Topco, LLC (dba NContracts)

 

 

6,415

 

 

6,415

 

NCWS Intermediate, Inc. (dba National Carwash Solutions)

 

 

2,112

 

 

2,082

 

Newtek Merchant Solutions, LLC (dba NewtekOne)

 

 

391

 

 

 

Octane Purchaser, Inc. (dba Office Ally)

 

 

3,547

 

 

 

Oliver Packaging and Equipment Company, LLC (fka Buffalo Merger Sub, LLC)

 

 

2,323

 

 

2,323

 

Omega Midwest Buyer, LLC (dba Omega Fitness Holdings)

 

 

3,424

 

 

 

One, Inc. Software Corporation

 

 

3,337

 

 

 

Onyx CenterSource, Inc.

 

 

31

 

 

310

 

PAS Parent Inc. (dba Pace Analytical)

 

 

4,289

 

 

 

PDDS Holdco, Inc. (dba Planet DDS)

 

 

1,371

 

 

 

Pearl Acquisition Buyer, Inc. (dba Alliance Technical Group)

 

 

6,934

 

 

 

PPW Aero Buyer, Inc. (dba Pursuit Aerospace)

 

 

3,049

 

 

 

Project Accelerate Parent, LLC (dba ABC Fitness)

 

 

625

 

 

625

 

PT Intermediate Holdings III, LLC (dba Parts Town)

 

 

832

 

 

979

 

QBS Parent, Inc. (dba Quorum Software)

 

 

6,235

 

 

955

 

Recorded Books Inc. (dba RBMedia)

 

 

1,870

 

 

471

 

Rotation Buyer, LLC (dba Rotating Machinery Services)

 

 

2,496

 

 

3,181

 

Rubix Foods, LLC

 

 

846

 

 

 

Runway Bidco, LLC (dba Redwood Software)

 

 

5,114

 

 

5,114

 

Singlewire Software, LLC

 

 

2,258

 

 

1,438

 

Sonar Acquisitionco, Inc. (dba SimPRO)

 

 

566

 

 

4,906

 

SpecialtyCare, Inc.

 

 

1,948

 

 

 

Splash Car Wash, Inc.

 

 

1,830

 

 

 

Spotless Brands, LLC

 

 

203

 

 

5,651

 

Summit Buyer, LLC (dba Classic Collision)

 

 

9,887

 

 

3,932

 

Sundance Group Holdings, Inc. (dba NetDocuments)

 

 

5,016

 

 

 

 

\

 

 

Unfunded Commitment Balances

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Sunshine Cadence HoldCo, LLC (dba Cadence Education)

 

$

2,391

 

$

3,498

 

Superman Holdings, LLC (dba Foundation Software)

 

 

2,183

 

 

7,112

 

Supreme Fitness Group NY Holdings, LLC

 

 

860

 

 

 

TEI Intermediate LLC (dba Triumvirate Environmental)

 

 

3,071

 

 

3,578

 

TL Sapphire Holdings, Inc. (dba SouthernCarlson)

 

 

7,107

 

 

 

TM Restaurant Group LLC

 

 

1,286

 

 

4,286

 

Tropical Bidco, LLC (dba Tropical Cheese)

 

 

965

 

 

804

 

Trystar, LLC

 

 

7,461

 

 

3,488

 

UFT Buyer LLC (dba United Flow Technologies)

 

 

2,187

 

 

8,193

 

US Signal Company, LLC

 

 

3,521

 

 

7,043

 

USA DeBusk, LLC

 

 

1,135

 

 

1,257

 

Valet Waste Holdings, Inc. (dba Valet Living)

 

 

1,399

 

 

1,739

 

Vamos Bidco, Inc. (dba VIP)

 

 

7,905

 

 

 

VASA Fitness Buyer, Inc.

 

 

3,088

 

 

722

 

VisionSafe Holdings, Inc.

 

 

509

 

 

509

 

Wellness AcquisitionCo, Inc. (dba SPINS)

 

 

458

 

 

 

Westwood Professional Services Inc.

 

 

1,405

 

 

1,563

 

Wildcat Solutions Holdings, LLC (dba O6 Environmental)

 

 

1,609

 

 

 

Zeppelin US Buyer Inc. (dba Global Critical Logistics)

 

 

2,728

 

 

 

Arrow Buyer, Inc. (dba Archer Technologies)

 

 

 

487

 

DFS Holding Company, Inc.

 

 

 

648

 

Easy Mile Fitness, LLC

 

 

 

1,841

 

Formulations Parent Corporation (dba Chase Corp)

 

 

 

835

 

HealthEdge Software, Inc.

 

 

 

1,358

 

Rubrik, Inc.

 

 

 

64

 

BCPE HIPH Parent, Inc. (dba Harrington Industrial Plastics)

 

 

 

748

 

Total 1st Lien/Senior Secured Debt

 

$

236,376

 

 

$

158,547

 

1st Lien/Last-Out Unitranche

 

 

 

 

 

 

EIP Consolidated, LLC (dba Everest Infrastructure)

 

$

167

 

 

 

1,000

 

K2 Towers II, LLC

 

 

559

 

 

 

 

K2 Towers III, LLC

 

 

3,561

 

 

 

714

 

Peppertree Towers, LLC

 

 

90

 

 

 

 

Skyway Towers Intermediate LLC

 

 

4,566

 

 

 

1,886

 

Tarpon Towers II LLC

 

 

938

 

 

 

1,438

 

Towerco IV Holdings, LLC

 

 

702

 

 

 

1,203

 

Thor FinanceCo LLC (dba Harmoni Towers)

 

 

 

 

2,289

 

Total 1st Lien/Last-Out Unitranche

 

$

10,583

 

 

$

8,530

 

Total

 

$

246,959

 

 

$

167,077