| Commitments and Contingencies |
5.Commitments and Contingencies The Company had the following unfunded commitments and unrealized depreciation by investment as of December 31, 2025 and 2024:
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December 31, 2025 |
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December 31, 2024 |
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Unfunded Commitments |
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Investment |
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Maturity/
Expiration |
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Amount |
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Unrealized
Depreciation |
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Amount |
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Unrealized
Depreciation |
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ADAN-B LLC (24 Hour Fitness) |
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Revolver |
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December 2030 |
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$ |
6,195 |
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$ |
46 |
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$ |
— |
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$ |
— |
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Black Rock Coffee Holdings, LLC |
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Delayed Draw Term Loan |
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September 2025 |
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— |
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— |
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9,918 |
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— |
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CF Newco, Inc. |
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Revolver |
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December 2029 |
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2,815 |
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— |
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527 |
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5 |
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CG Buyer, LLC |
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Delayed Draw Term Loan |
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July 2025 |
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— |
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— |
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3,252 |
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7 |
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Cinelease, LLC |
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ABL Term Loan |
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July 2030 |
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6,152 |
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185 |
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— |
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— |
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Comprehensive Logistics Co., LLC |
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Revolver |
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March 2026 |
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4,556 |
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59 |
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2,657 |
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56 |
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CSAT Holdings LLC |
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Revolver |
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June 2028 |
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1,311 |
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1 |
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2,885 |
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52 |
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D&D Buyer, LLC |
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Delayed Draw Term Loan |
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October 2025 |
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— |
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— |
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2,653 |
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— |
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D&D Buyer, LLC |
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Revolver |
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October 2028 |
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1,916 |
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— |
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2,076 |
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— |
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Fenix Intermediate LLC |
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Delayed Draw Term Loan B-2 |
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March 2027 |
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11,607 |
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429 |
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11,607 |
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395 |
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Five Star Buyer, Inc. |
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Revolver |
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February 2028 |
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1,517 |
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100 |
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1,517 |
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47 |
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Great Kitchens Food Company, Inc. |
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Revolver |
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May 2029 |
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6,902 |
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— |
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6,902 |
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55 |
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Helix Sleep, Inc. |
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Revolver |
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November 2030 |
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1,908 |
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23 |
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— |
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— |
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Hoffmaster Group, Inc. |
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Revolver |
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February 2028 |
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2,096 |
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16 |
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2,096 |
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6 |
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HydroSource Logistics, LLC |
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Revolver |
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April 2029 |
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190 |
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— |
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1,329 |
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— |
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Pallet Logistics of America, LLC |
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Delayed Draw Term Loan |
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November 2026 |
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— |
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— |
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1,514 |
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30 |
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Pallet Logistics of America, LLC |
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Revolver |
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November 2029 |
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1,589 |
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51 |
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3,027 |
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61 |
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Red Robin International, Inc. |
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Revolver |
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March 2027 |
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1,240 |
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9 |
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752 |
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22 |
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RPM Purchaser, Inc. |
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Delayed Draw Term Loan B |
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September 2028 |
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3,035 |
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— |
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3,667 |
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— |
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Signature Brands, LLC |
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Delayed Draw Term Loan B |
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March 2025 |
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— |
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— |
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3,654 |
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350 |
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Signature Brands, LLC |
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9th Amendment Delayed Draw Term Loan A |
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November 2026 |
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3,959 |
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— |
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— |
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— |
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Viva 5 Group, LLC |
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Revolver |
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May 2030 |
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5,418 |
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87 |
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— |
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— |
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VoltaGrid, LLC |
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Delayed Draw Term Loan |
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September 2025 |
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— |
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— |
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2,995 |
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24 |
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Total |
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$ |
62,406 |
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$ |
1,006 |
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$ |
63,028 |
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$ |
1,110 |
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5. Commitments and Contingencies (Continued) From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of December 31, 2025, the Company 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.
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