v3.26.1
Commitments and Contingencies
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of commitments and Contingencies
Note 6 – Commitments and Contingencies
In the ordinary course of its business, the Company enters into contracts or agreements that contain indemnification or warranties. Future events could occur that lead to the execution of these provisions against the Company. The Company believes that the likelihood of such an event is remote; however, the maximum potential exposure is unknown. No accrual has been made in the consolidated financial statements as of June 30, 2026 or December 31, 2025, for any such exposure.
As of June 30, 2026 and December 31, 2025, the Company has unfunded commitments of $4,034 thousand and $5,183 thousand, respectively, all of which consisted of delayed draw term loans and revolvers. The unfunded portion of the commitment is a contractual obligation to be met in accordance with the terms of the underlying investment agreements. The Company believes that it will be able to satisfy such commitments from utilizing the Wells Fargo Credit Facility, from commitments due from its Adviser, if any, and proceeds received from investments.
 
 
A summary of significant contractual payment obligations was as follows as of June 30, 2026 (in thousands):
 
    
Payments Due by Period as of June 30, 2026
    
Total
  
Less Than 1
Year
  
1 to 3 Years
  
3 to 5 Years
  
More Than 5
Years
Wells Fargo Credit Facility
   $69,250          $69,250   
The following table summarizes the Company’s unfunded investment commitments as of June 30, 2026 and December 31, 2025 (in thousands):
 
    
Par Value
 
Investment Type
  
  June 30, 2026  
    
  December 31, 2025  
 
Delayed Draw Term Loans
   $ 3,934      $ 5,183  
Revolvers
     100         
  
 
 
    
 
 
 
Total Unfunded Commitments
   $ 4,034      $ 5,183