Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

As of June 30, 2026 and December 31, 2025, the Company had the following unfunded commitments to its portfolio companies:


	June 30, 2026		December 31, 2025
Unfunded revolver obligations and bridge loan commitments (1)	$	28,028	$	21,899
Standby letters of credit issued and outstanding (2)		412		43
Unfunded delayed draw loan commitments (including commitments with performance thresholds not met) (3)		34,199		27,490
Total Unfunded Commitments	$	62,639	$	49,432

(1)

The unfunded revolver obligations may or may not be funded to the borrowing party in the future. The amounts relate to loans with various maturity dates, but the entire amount was eligible for funding to the borrowers as of June 30, 2026, subject to the terms of each loan’s respective credit agreements which includes borrowing covenants that need to be met prior to funding. As of June 30, 2026, no bridge loan commitments were outstanding.

(2)

For all these letters of credit issued and outstanding, the Company would be required to make payments to third parties if the portfolio companies were to default on their related payment obligations. None of the letters of credit issued and outstanding are recorded as a liability on the Company’s Consolidated Statements of Assets and Liabilities as such letters of credit are considered in the valuation of the investments in the portfolio company.

(3)

The Company’s commitment to fund delayed draw loans is triggered upon the satisfaction of certain pre-negotiated terms and conditions which can include covenants to maintain specified leverage levels and other related borrowing base covenants. For commitments to fund delayed draw loans with performance thresholds, borrowers are required to meet certain performance requirements before the Company is obligated to fulfill these commitments.