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Commitment and Contingencies
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
The Company enters into contracts that contain a variety of indemnification provisions. The Company’s maximum exposure under these arrangements is unknown; however, the Company has not had prior claims or losses pursuant to these contracts. The Advisor has reviewed the Company’s existing contracts and expects the risk of loss to the Company to be remote.
The Company is not currently subject to any material legal proceedings and, to the Company’s knowledge, no material legal proceedings are threatened against the Company. From time to time, the Company may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Company’s rights under contracts with its
portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, the Company does not expect that any such proceedings will have a material effect upon its financial condition or results of operations.
Unfunded commitments to provide funds to portfolio companies are not recorded in the Company’s consolidated statements of assets and liabilities. Since these commitments may expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The Company has sufficient liquidity to fund these commitments. As of December 31, 2022, the Company’s unfunded commitments consisted of the following:
Category / Company(1)
Commitment Amount
Senior Secured Loans—First Lien
3Pillar Global Inc$9.2 
3Pillar Global Inc24.9 
48Forty Solutions LLC10.6 
Advanced Dermatology & Cosmetic Surgery2.2 
Advanced Dermatology & Cosmetic Surgery3.6 
Affordable Care Inc28.4 
Affordable Care Inc11.4 
Alacrity Solutions Group LLC10.6 
American Vision Partners7.8 
Amerivet Partners Management Inc8.4 
Amerivet Partners Management Inc50.1 
Arcfield Acquisition Corp7.1 
Arcos LLC/VA4.5 
AxiomSL Ltd2.4 
AxiomSL Ltd2.3 
Barbri Inc9.1 
BGB Group LLC19.9 
CFC Underwriting Ltd5.7 
Clarience Technologies LLC25.3 
Community Brands Inc3.8 
Community Brands Inc1.9 
Corsearch Intermediate Inc4.4 
CSafe Global34.9 
Dental Care Alliance Inc1.7 
DOC Generici Srl2.3 
Encora Digital Inc19.4 
Envirotainer Ltd2.7 
Excelitas Technologies Corp1.0 
Excelitas Technologies Corp4.7 
Follett Software Co9.9 
Foundation Consumer Brands LLC6.6 
Foundation Risk Partners Corp4.1 
Galway Partners Holdings LLC11.8 
Galway Partners Holdings LLC1.3 
Gigamon Inc9.3 
Heniff Transportation Systems LLC17.6 
Higginbotham Insurance Agency Inc6.0 
HKA0.2 
Category / Company(1)
Commitment Amount
HM Dunn Co Inc2.0 
Individual FoodService4.7 
Individual FoodService1.4 
iNova Pharmaceuticals (Australia) Pty Limited2.2 
Insight Global LLC12.6 
Insight Global LLC26.8 
J S Held LLC5.2 
J S Held LLC19.2 
Karman Space Inc1.0 
Lakefield Veterinary Group35.2 
Lakeview Farms Inc10.8 
Lakeview Farms Inc2.3 
Lexitas Inc8.4 
Lipari Foods LLC27.3 
Lloyd's Register Quality Assurance Ltd12.6 
Magna Legal Services LLC2.2 
Magna Legal Services LLC5.2 
Med-Metrix25.0 
Med-Metrix7.8 
Monitronics International Inc23.9 
Motion Recruitment Partners LLC59.6 
Net Documents2.9 
New Era Technology Inc2.1 
Novotech Pty Ltd5.6 
NPD Group Inc/The0.9 
Oxford Global Resources LLC8.3 
Oxford Global Resources LLC4.1 
PartsSource Inc4.3 
PartsSource Inc22.7 
Radwell International LLC/PA6.9 
Revere Superior Holdings Inc1.7 
Rise Baking Company3.9 
RSC Insurance Brokerage Inc7.6 
SAMBA Safety Inc2.4 
SavATree LLC4.0 
SavATree LLC6.3 
Source Code LLC15.0 
Spins LLC16.5 
Spins LLC7.9 
Summit Interconnect Inc9.4 
Sungard Availability Services Capital Inc1.2 
Sweeping Corp of America Inc4.7 
Time Manufacturing Co14.8 
Version1 Software Ltd2.4 
VetCor Professional Practices LLC10.9 
Category / Company(1)
Commitment Amount
VetCor Professional Practices LLC4.9 
Wealth Enhancement Group LLC3.3 
Wealth Enhancement Group LLC2.1 
Woolpert Inc3.7 
Worldwise Inc15.5 
Worldwise Inc6.8 
Zendesk Inc14.4 
Zendesk Inc6.0 
Senior Secured Loans—Second Lien
Valeo Foods Group Ltd3.1 
Asset Based Finance
Byrider Finance LLC, Structured Mezzanine6.8 
Callodine Commercial Finance LLC, 2L Term Loan B36.1 
Jet Edge International LLC, Term Loan0.7 
Total$952.4 
Unfunded equity/other commitments$475.3 
_____________
(1)May be commitments to one or more entities affiliated with the named company.

As of December 31, 2022, the Company’s debt commitments are comprised of $411.9 revolving credit facilities and $540.5 delayed draw term loans, which generally are used for acquisitions or capital expenditures and are subject to certain performance tests. Such unfunded debt commitments have a fair value representing unrealized appreciation (depreciation) of $(21.3). The Company’s unfunded Asset Based Finance/Other commitments generally require certain conditions to be met or actual approval from the Advisor prior to funding.
The Senior Secured Revolving Credit Facility provides for the issuance of letters of credit in an initial aggregate face amount of up to $175, subject to increase or reduction from time to time pursuant to the terms of the Senior Secured Revolving Credit Facility. As of December 31, 2022, $12 of such letters of credit have been issued.
As of December 31, 2022, the Company also has an unfunded commitment to provide $560.2 of capital to COPJV. The capital commitment can be satisfied with contributions of cash and/or investments. The capital commitments cannot be drawn without an affirmative vote by both the Company’s and SCRS’s representatives on COPJV’s board of managers.
While the Company does not expect to fund all of its unfunded commitments, there can be no assurance that it will not be required to do so.
In the normal course of business, the Company may enter into guarantees on behalf of portfolio companies. Under such arrangements, the Company would be required to make payments to third parties if the portfolio companies were to default on their related payment obligations. The Company has no such guarantees outstanding at December 31, 2022 and December 31, 2021.