| Schedule of Capital Activity to and from the JV |
During the three and six months ended June 30, 2026 and 2025, the Company's capital activity to and from the JV were as follows:
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Three Months Ended June 30, 2026 |
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Three Months Ended June 30, 2025 |
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Six Months Ended
June 30, 2026 |
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Six Months Ended
June 30, 2025 |
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Contributions |
$ |
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- |
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$ |
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- |
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$ |
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- |
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$ |
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- |
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Return of capital |
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- |
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- |
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103 |
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- |
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Distributions |
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370 |
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- |
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864 |
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- |
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| Schedule of Net Asset Value, Contributed Capital, and Unfunded Commitments |
As of June 30, 2026 and December 31, 2025, the JV had the following net asset value, contributed capital, and unfunded commitments from its members (in thousands):
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The Company |
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Cadma |
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Total JV |
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As of June 30, 2026 |
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Net asset value |
$ |
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13,035 |
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$ |
|
13,035 |
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$ |
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26,070 |
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Commitments |
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35,000 |
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35,000 |
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70,000 |
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Contributed capital |
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12,283 |
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12,283 |
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24,565 |
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Return of capital |
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(103 |
) |
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(103 |
) |
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(205 |
) |
Unfunded commitments |
$ |
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22,820 |
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$ |
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22,820 |
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$ |
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45,640 |
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As of December 31, 2025 |
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Net asset value |
$ |
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13,252 |
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$ |
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13,252 |
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$ |
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26,505 |
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Commitments |
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35,000 |
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35,000 |
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70,000 |
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Contributed capital |
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12,283 |
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12,283 |
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24,565 |
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Return of capital |
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- |
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- |
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- |
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Unfunded commitments |
$ |
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22,718 |
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$ |
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22,718 |
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$ |
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45,435 |
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