v3.26.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Unfunded Commitments
The following table shows the Company’s unfunded commitments by portfolio company as of March 31, 2026 and December 31, 2025:
March 31, 2026December 31, 2025
Unfunded Commitments(1)
(in thousands)
Unfunded CommitmentsFair Value of Unfunded Commitment LiabilityUnfunded CommitmentsFair Value of Unfunded Commitment Liability
Etched.AI, Inc.$25,500 $— $25,500 $— 
Eightfold AI Inc.25,000 63 25,000 63 
Project Affinity, Inc.25,000 108 25,000 108 
Bidgely Inc.20,000 72 20,000 72 
Rudderstack, Inc.20,000 98 20,000 98 
Branch Messenger, Inc.17,426 — 16,933 — 
Minted Inc.14,286 — 14,286 — 
Incode Technologies, Inc.13,500 386 25,000 433 
Simpplr Inc.12,500 203 12,500 203 
Pair Team, PBC10,400 12 14,400 33 
Bitonic Technology Labs, Inc.8,000 22 11,750 43 
Lively, Inc.3,250 63 3,250 63 
Hover Inc.2,400 24 6,000 60 
Hydrow, Inc.1,514 — 1,410 — 
All Inspire Health, Inc.1,333 28 1,000 27 
Planhub Holdings, LLC1,125 — 1,313 — 
Encharge AI, Inc.1,000 28 1,000 28 
Signal Advisors USA, Inc.966 — 966 — 
Muon Space, Inc.893 19 4,264 93 
Equafin Corp.877 5 877 4 
Panorama Education, Inc.600 — 600 — 
FlashParking, Inc.500 2 500 2 
Freed Inc.500 1 — — 
Parry Labs, LLC267 — 267 — 
Ao1 Holdings Inc.— — 3,633 55 
ThoughtSpot, Inc.— — 25,000 425 
Total$206,837 $1,134 $260,449 $1,810 
_______________
(1)Does not include a $0.3 million of backlog of potential future commitments as of December 31, 2025. The Company did not have any backlog of future commitments as of March 31, 2026. Refer to the “Backlog of Potential Future Commitments” below.
Schedule of Level 3 Commitment Liabilities The following table shows additional details regarding the Company's unfunded commitment activity during the three months ended March 31, 2026 and 2025:
Commitments Activity
(in thousands)		For the Three Months Ended March 31,
20262025
Unfunded commitments at beginning of period(1)
$260,782 $104,540 
New commitments(1)
1,000 76,500 
Fundings(26,542)(27,676)
Expirations / Terminations(28,403)(36,522)
Unfunded commitments and backlog of potential future commitments at end of period$206,837 $116,842 
Backlog of potential future commitments— — 
Unfunded commitments at end of period$206,837 $116,842 
_______________
(1)Includes backlog of potential future commitments. Refer to the “Backlog of Potential Future Commitments” below.
Schedule of Contractual Obligation, Fiscal Year Maturity
The following table shows additional information on the Company’s unfunded commitments regarding milestones and expirations as of March 31, 2026 and December 31, 2025:
Unfunded Commitments(1)
(in thousands)
March 31, 2026December 31, 2025
Dependent on milestones$51,033 $50,700 
Expiring during:
2026$96,433 $150,851 
202783,437 83,131 
202826,967 26,467 
Unfunded commitments$206,837 $260,449 
_______________
(1)Does not include backlog of potential future commitments. Refer to the “Backlog of Potential Future Commitments” below.