The following is a summary of the fair value and location of the Company’s derivative instruments not designated as a qualifying hedge accounting relationship in the consolidated statements of assets and liabilities held as of June 30, 2026 and December 31, 2025:


Derivative Instrument	Statement Location	June 30, 2026 (Unaudited)		December 31, 2025
Foreign currency forward contracts	Unrealized appreciation on foreign currency forward contracts	$	6	$	194
Foreign currency forward contracts	Unrealized depreciation on foreign currency forward contracts	(199)		(221)
Total		$	(193)	$	(27)

Net realized and unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recorded by the Company for the six months ended June 30, 2026 and 2025 are in the following locations in the unaudited consolidated statements of operations:


		Six Months Ended June 30,
Derivative Instrument	Statement Location	2026		2025
Foreign currency forward contracts	Net realized gain (loss) on foreign currency forward contracts	$	(6)	$	(51)
Foreign currency forward contracts	Net change in unrealized appreciation (depreciation) on foreign currency forward contracts	(166)		(450)
Total		$	(172)	$	(501)

The Company has derivative instruments that are subject to master netting agreements. These agreements include provisions to offset positions with the same counterparty in the event of default by one of the parties. The Company’s unrealized appreciation and depreciation on derivative instruments are reported as gross assets and liabilities, respectively, in the consolidated statements of assets and liabilities. The following tables present the Company’s assets and liabilities related to derivatives by counterparty, net of amounts available for offset under a master netting arrangement and net of any collateral received or pledged by the Company for such assets and liabilities as of June 30, 2026 and December 31, 2025:


	As of June 30, 2026 (Unaudited)
Counterparty	Derivative Assets Subject to Master Netting Agreement		Derivatives Available for Offset		Non-cash Collateral Received(1)		Cash Collateral Received(1)		Net Amount of Derivative Assets(2)
Goldman Sachs Bank USA	$	6	$	(6)	$	—	$	—	$	—

Total	$	6	$	(6)	$	—	$	—	$	—
Counterparty	Derivative Liabilities Subject to Master Netting Agreement		Derivatives Available for Offset		Non-cash Collateral Pledged(1)		Cash Collateral Pledged(1)		Net Amount of Derivative Liabilities(3)
Goldman Sachs Bank USA	$	(199)	$	6	$	—	$	—	$	(193)

Total	$	(199)	$	6	$	—	$	—	$	(193)


	As of December 31, 2025
Counterparty	Derivative Assets Subject to Master Netting Agreement		Derivatives Available for Offset		Non-cash Collateral Received(1)		Cash Collateral Received(1)		Net Amount of Derivative Assets(2)
Goldman Sachs Bank USA	$	194	$	(194)	$	—	$	—	$	—

Total	$	194	$	(194)	$	—	$	—	$	—
Counterparty	Derivative Liabilities Subject to Master Netting Agreement		Derivatives Available for Offset		Non-cash Collateral Pledged(1)		Cash Collateral Pledged(1)		Net Amount of Derivative Liabilities(3)
Goldman Sachs Bank USA	$	(221)	$	194	$	—	$	—	$	(27)

Total	$	(221)	$	194	$	—	$	—	$	(27)

The Company may enter into foreign currency forward contracts from time to time to facilitate settlement of purchases and sales of investments denominated in foreign currencies and to economically hedge the impact that an adverse change in foreign exchange rates would have on the value of the Company’s investments denominated in foreign currencies. A foreign currency forward contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated forward rate. These contracts are marked-to-market by recognizing the difference between the contract forward exchange rate and the forward market exchange rate on the last day of the period presented as unrealized appreciation or depreciation. Realized gains or losses are recognized when forward contracts are settled. Risks arise as a result of the potential inability of the counterparties to meet the terms of their contracts. The Company attempts to limit counterparty risk by only dealing with well-known counterparties.