v3.26.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

7. Commitments and Contingencies

Portfolio Company Commitments

From time to time, the Company may enter into commitments to fund investments in the form of revolver or delayed draw term loan commitments, which require the Company to provide funding during a specified commitment period when requested by portfolio companies in accordance with underlying loan agreements.

As of March 31, 2026 and December 31, 2025, the Company had the following unfunded commitments:

 

 

 

 

 

 

 

Unfunded Commitment Balance

 

Investment

 

Commitment Type

 

Commitment Expiration Date

 

March 31, 2026

 

 

December 31, 2025

 

AAH Topco., LLC (dba Alliance Animal Health)

 

First Lien Delayed Draw Term Loan

 

3/2027

 

$

9,364

 

 

$

12,493

 

AGS Health BCP Holdings, Inc.

 

First Lien Delayed Draw Term Loan

 

8/2027

 

 

4,545

 

 

 

4,545

 

AGS Health BCP Holdings, Inc.

 

First Lien Revolver

 

8/2032

 

 

1,591

 

 

 

1,591

 

AGS Health BCP LLC

 

First Lien Delayed Draw Term Loan

 

8/2027

 

 

2,500

 

 

 

2,500

 

AGS Health BCP LLC

 

First Lien Revolver

 

8/2032

 

 

909

 

 

 

909

 

Aryeh Bidco Investment Ltd. (dba Dentalcorp)

 

First Lien Delayed Draw Term Loan

 

1/2028

 

 

6,681

 

 

 

—

 

Aryeh Bidco Investment Ltd. (dba Dentalcorp)

 

First Lien Revolver

 

1/2033

 

 

5,568

 

 

 

—

 

Blue River PetCare, LLC

 

First Lien Delayed Draw Term Loan

 

2/2028

 

 

25,384

 

 

 

—

 

Blue River PetCare, LLC

 

First Lien Revolver

 

8/2029

 

 

4,154

 

 

 

—

 

Endor Purchaser, Inc. (dba CompTIA)

 

First Lien Delayed Draw Term Loan

 

1/2028

 

 

5,833

 

 

 

5,833

 

Endor Purchaser, Inc. (dba CompTIA)

 

First Lien Revolver

 

1/2032

 

 

2,917

 

 

 

2,917

 

Fetch, Inc.

 

First Lien Delayed Draw Term Loan

 

10/2028

 

 

10,000

 

 

 

—

 

Fetch, Inc.

 

First Lien Revolver

 

3/2033

 

 

6,000

 

 

 

—

 

Flexera Software LLC

 

First Lien Revolver

 

8/2032

 

 

1,617

 

 

 

1,617

 

Foundation Risk Partners, Corp.

 

First Lien Delayed Draw Term Loan

 

2/2027

 

 

7,500

 

 

 

10,417

 

FYi Eye Care Services and Products Inc. & FYi USA Inc.

 

First Lien Delayed Draw Term Loan

 

11/2027

 

 

4,570

 

 

 

4,634

 

Glow Intermediate Holdings II, LLC (dba Gallo Mechanical)

 

First Lien Delayed Draw Term Loan

 

8/2027

 

 

4,211

 

 

 

4,211

 

Glow Intermediate Holdings II, LLC (dba Gallo Mechanical)

 

First Lien Revolver

 

8/2032

 

 

5,474

 

 

 

5,474

 

High Street Buyer, Inc. (dba Highstreet Insurance)

 

First Lien Delayed Draw Term Loan

 

7/2027

 

 

12,742

 

 

 

13,497

 

Koala Investment Holdings, Inc. (dba Keystone Agency)

 

First Lien Delayed Draw Term Loan

 

2/2028

 

 

3,770

 

 

 

3,770

 

Koala Investment Holdings, Inc. (dba Keystone Agency)

 

First Lien Revolver

 

8/2032

 

 

1,676

 

 

 

1,676

 

Mindbody, Inc. (dba Playlist)

 

First Lien Revolver

 

3/2033

 

 

4,444

 

 

 

—

 

Navex Global Holdings Corporation

 

First Lien Delayed Draw Term Loan

 

10/2027

 

 

15,250

 

 

 

15,250

 

Navex Global Holdings Corporation

 

First Lien Revolver

 

10/2031

 

 

700

 

 

 

700

 

Premier Care Dental Management, LLC (dba Dental365)

 

First Lien Delayed Draw Term Loan

 

7/2027

 

 

5,504

 

 

 

10,624

 

Titan BW Borrower L.P. (dba Triumph)

 

First Lien Delayed Draw Term Loan

 

7/2027

 

 

715

 

 

 

1,786

 

Titan BW Borrower L.P. (dba Triumph)

 

First Lien Revolver

 

7/2032

 

 

3,573

 

 

 

3,573

 

Vacation Rental Brands, LLC (dba Awayday)

 

First Lien Delayed Draw Term Loan

 

5/2027

 

 

—

 

 

 

1,372

 

Vacation Rental Brands, LLC (dba Awayday)

 

First Lien Revolver

 

5/2031

 

 

4,255

 

 

 

4,255

 

Vamos Bidco, Inc. (dba Vermont Information Processing)

 

First Lien Delayed Draw Term Loan

 

1/2027

 

 

10,811

 

 

 

10,811

 

Vamos Bidco, Inc.(dba Vermont Information Processing)

 

First Lien Revolver

 

1/2032

 

 

3,243

 

 

 

3,243

 

World Insurance Associates, LLC

 

First Lien Delayed Draw Term Loan

 

8/2026

 

 

7,792

 

 

 

8,768

 

World Insurance Associates, LLC

 

First Lien Revolver

 

4/2030

 

 

1,000

 

 

 

1,000

 

Total Unfunded Commitments

 

 

 

 

 

$

184,293

 

 

$

137,466

 

 

Commitments and Contingencies

In the normal course of business, the Company may enter into contracts that provide a variety of general indemnifications. Any exposure to the Company under these arrangements could involve future claims that may be made against the Company. As of March 31, 2026 and December 31, 2025, no such claims exist, and accordingly, the Company has not accrued any liability in connection with such indemnifications.

The Advisor has agreed to advance payment of certain of the Company’s expenses incurred, a portion of which is subject to conditional reimbursement. As described in Note 3, the Company does not consider the unreimbursed expense payments subject to conditional reimbursement to be probable and estimable as described in ASC Topic 450 “Contingencies”. Refer to Note 3 for additional information.