v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Financial Support For Nonconsolidated Entity
The following table shows the Company’s unfunded commitments by portfolio company as of June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
Unfunded Commitments(1)
(in thousands)
Unfunded CommitmentsFair Value of Unfunded Commitment LiabilityUnfunded CommitmentsFair Value of Unfunded Commitment Liability
All Inspire Health, Inc.$9,258 $197 $7,000 $197 
Eightfold AI, Inc.7,000 18 7,000 18 
Open Space Labs, Inc.6,000 110 — — 
Etched.ai, Inc.6,000 — 5,500 — 
Minted, Inc.5,714 — 5,714 — 
Waymark, Inc.5,000 28 5,000 28 
Bidgely Inc.5,000 18 5,000 18 
Artisan AI, Inc.5,000 46 5,000 46 
Signal Advisors USA, Inc.4,583 — 4,833 — 
Deep Sentinel Corp.4,500 — 4,500 — 
Mimic Networks, Inc.3,750 19 — — 
Pair Team, PBC3,600 3,600 
Haus Analytics Inc.3,333 51 — — 
Rigor AI Inc.3,000 30 — — 
Earth Services, Inc.3,000 67 3,000 67 
AIGent, Inc.3,000 120 — — 
Total Expert, Inc.2,500 39 2,500 39 
Kintsugi AI, Inc.2,143 93 — — 
Bitonic Technology Labs, Inc.2,000 3,250 12 
Lively, Inc.1,750 34 1,750 34 
Skyflow Inc.1,560 16 — — 
Radar Labs, Inc.1,500 22 1,500 22 
Freed, Inc.1,000 — — 
Hover Inc.600 16 1,500 34 
Communify Group LLC500 — — 
Planhub Holdings, LLC313 — 438 — 
Panorama Education, Inc.300 — 300 — 
FloatMe Corp.200 — — — 
Worldwide Freight Logistics Ltd.— — 753 
Union Systems Inc.— — 5,000 138 
ThoughtSpot, Inc.— — 7,000 119 
Simpplr Inc.— — 3,500 57 
Rudderstack, Inc— — 5,000 24 
Observe, Inc.— — 8,000 162 
Muon Space, Inc.— — 2,131 45 
Lightbeam.ai, Inc.— — 2,000 — 
Join Digital, Inc.— — 175 — 
Incode Technologies, Inc.— — 7,000 126 
Hydrow Inc.— — 842 — 
Flashparking, Inc.— — 250 
Equafin Corp.— — 6,123 32 
Contoro Inc.— — 3,000 47 
Ao1 Holdings, Inc.— — 1,200 18 
Total$92,104 $949 $119,359 $1,296 
_______________
(1)As of June 30, 2026, the Company did not have any backlog of potential future commitments. As of December 31, 2025, the Company had a $2.3 million backlog of future commitments. Refer to the “Backlog of Potential Future Commitments” below.
Schedule of Level 3 Commitment Liabilities
These liabilities are considered Level 3 liabilities under ASC Topic 820 as there is no known or accessible market or market indices for these types of financial instruments. Both observable and unobservable inputs were used to determine the fair value of positions that the Company has classified within the Level 3 category. The following table shows additional details regarding the Company's unfunded commitment activity for the periods presented:
For the Three Months Ended June 30,For the Six Months Ended June 30,
Commitments Activity (in thousands)2026202520262025
Unfunded commitments at beginning of period(1)
$92,154 $70,627 $121,617 $67,054 
New commitments(1)
68,308 56,531 91,808 84,531 
Fundings(46,520)(22,247)(77,379)(39,741)
Repayments under existing revolvers156 617 237 1,455 
Expirations / Terminations(22,012)(20,061)(44,187)(27,923)
Foreign currency adjustments18 187 278 
Unfunded commitments and backlog of potential future commitments at end of period$92,104 $85,654 $92,104 $85,654 
Backlog of potential future commitments— — — — 
Unfunded commitments at end of period$92,104 $85,654 $92,104 $85,654 
_______________
(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 June 30, 2026 and December 31, 2025:
Unfunded Commitments(1)
(in thousands)
June 30, 2026December 31, 2025
Dependent on milestones$11,315 $13,175 
Expiring during:
202653,661 84,075 
202725,860 24,952 
202812,083 10,332 
2031500 — 
Unfunded commitments$92,104 $119,359 
_______________
(1)Does not include backlog of potential future commitments. Refer to the “Backlog of Potential Future Commitments” below.