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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Unfunded Commitment Balances by Investment Types The Company had the following unfunded commitments by investment types:

 

 

 

Unfunded Commitment Balances(1)

 

 

 

December 31, 2025

 

 

December 31, 2024

 

1st Lien/Senior Secured Debt

 

 

 

 

 

 

AAG KP Borrower LLC (dba KUIU)

 

$

3,358

 

 

$

—

 

Abacus Data Holdings, Inc. (dba Clutch Intermediate Holdings)

 

 

1,220

 

 

 

1,220

 

ABC Investment Holdco Inc. (dba ABC Plumbing)

 

 

2,063

 

 

 

3,152

 

Accommodations Plus Technologies LLC

 

 

439

 

 

 

—

 

Admiral Buyer, Inc. (dba Fidelity Payment Services)

 

 

3,914

 

 

 

3,555

 

AGS Health BCP Holdings, Inc. (dba AGS Health)

 

 

15,340

 

 

 

—

 

AGS Health BCP LLC (dba AGS Health)

 

 

8,522

 

 

 

—

 

AI Titan Parent, Inc. (dba Prometheus)

 

 

2,007

 

 

 

2,329

 

Airwavz Solutions, Inc.

 

 

2,549

 

 

 

—

 

AQ Helios Buyer, Inc. (dba SurePoint)

 

 

925

 

 

 

8,308

 

AQ Sunshine, Inc. (dba Relation Insurance)

 

 

155

 

 

 

271

 

Ark Data Centers, LLC

 

 

4,650

 

 

 

6,500

 

Artifact Bidco, Inc. (dba Avetta)

 

 

4,433

 

 

 

4,433

 

Aryeh Bidco Investment Ltd. (dba Dentalcorp)

 

 

24,285

 

 

 

—

 

Aurora Acquireco, Inc. (dba AuditBoard)

 

 

114

 

 

 

400

 

Bayside Opco, LLC (dba Pro-PT)

 

 

415

 

 

 

415

 

BCTO Bluebill Buyer, Inc. (dba Ren)

 

 

2,270

 

 

 

—

 

Blast Bidco Inc. (dba Bazooka Candy Brands)

 

 

522

 

 

 

522

 

Blazing Star Shields Direct Parent, LLC (dba Shields Health Solutions)

 

 

1,582

 

 

 

—

 

BSI3 Menu Buyer, Inc (dba Kydia)

 

 

865

 

 

 

1,038

 

Buckeye Acquiror LLC (dba Superior Environmental Solutions)

 

 

2,532

 

 

 

2,676

 

Celero Commerce LLC

 

 

1,099

 

 

 

—

 

Chess.com, LLC (fka Checkmate Finance Merger Sub, LLC)

 

 

3,140

 

 

 

3,140

 

CI (Quercus) Intermediate Holdings, LLC (dba SavATree)

 

 

5,471

 

 

 

2,760

 

Circustrix Holdings, LLC (dba SkyZone)

 

 

161

 

 

 

108

 

Clearwater Analytics, LLC

 

 

74,652

 

 

 

—

 

Coding Solutions Acquisition, Inc. (dba CorroHealth)

 

 

320

 

 

 

382

 

Computer Services, Inc.

 

 

6,961

 

 

 

14,830

 

Convenient Payments Acquisition, Inc.

 

 

393

 

 

 

—

 

Coretrust Purchasing Group LLC

 

 

1,340

 

 

 

4,953

 

Crewline Buyer, Inc. (dba New Relic)

 

 

363

 

 

 

363

 

CST Holding Company (dba Intoxalock)

 

 

86

 

 

 

86

 

CURiO Brands LLC

 

 

196

 

 

 

—

 

Diligent Corporation

 

 

19,285

 

 

 

21,036

 

Eagle Family Foods Group LLC

 

 

101

 

 

 

101

 

Edition Holdings, Inc. (dba Enverus)

 

 

1,705

 

 

 

—

 

Edko, LLC

 

 

12,669

 

 

 

—

 

Elemica Parent, Inc.

 

 

62

 

 

 

—

 

Engage2Excel, Inc.

 

 

23

 

 

 

23

 

EnviroSmart, LLC (dba ES Integrated)

 

 

3,603

 

 

 

—

 

ESO Solutions, Inc.

 

 

362

 

 

 

1,086

 

Everest Clinical Research Corporation (fka 1272775 B.C. LTD.)

 

 

1,260

 

 

 

1,260

 

Experity, Inc.

 

 

1,315

 

 

 

67

 

Frontgrade Technologies Holdings Inc.

 

 

213

 

 

 

250

 

Frontline Road Safety Operations, LLC

 

 

2,539

 

 

 

—

 

FS WhiteWater Borrower, LLC (fka Whitewater Holding Company LLC)

 

 

9,394

 

 

 

2,340

 

Fullsteam Operations LLC

 

 

11,874

 

 

 

38,708

 

Gainsight, Inc.

 

 

5,708

 

 

 

2,736

 

Geo TopCo Corporation (fka Geotechnical Merger Sub, Inc.)

 

 

196

 

 

 

307

 

 

 

 

Unfunded Commitment Balances(1)

 

 

 

December 31, 2025

 

 

December 31, 2024

 

GovDelivery Holdings, LLC (dba Granicus, Inc.)

 

$

1,777

 

 

$

1,924

 

GS AcquisitionCo, Inc. (dba Insightsoftware)

 

 

2,657

 

 

 

3,819

 

Guidepoint Security Holdings, LLC (fka GPS Phoenix Buyer, Inc.)

 

 

2,180

 

 

 

1,588

 

Hamilton Thorne, Inc.

 

 

7,720

 

 

 

5,128

 

Heartland Home Services, Inc. (fka Helios Buyer, Inc.)

 

 

1,380

 

 

 

1,747

 

Highfive Dental Holdco, LLC

 

 

1,698

 

 

 

313

 

Honor HN Buyer, Inc

 

 

12,452

 

 

 

12,452

 

iCIMS, Inc.

 

 

2,813

 

 

 

3,359

 

Ideal Components Acquisition, LLC (dba Ideal Tridon)

 

 

4,622

 

 

 

—

 

IMO Investor Holdings, Inc. (fka Intelligent Medical Objects, Inc.)

 

 

1,490

 

 

 

1,445

 

iWave Information Systems, Inc.

 

 

394

 

 

 

438

 

Jupiter Refuel Canada Buyer Inc. (dba 4Refuel)

 

 

11,284

 

 

 

—

 

Jupiter Refuel US Buyer, Inc. (dba 4Refuel)

 

 

811

 

 

 

—

 

Kene Acquisition, Inc. (dba Entrust)

 

 

897

 

 

 

5,039

 

KPA Parent Holdings, Inc.

 

 

191

 

 

 

—

 

Legends Hospitality Holding Company, LLC (fka ASM Buyer, Inc.)

 

 

760

 

 

 

1,400

 

Lobos Parent, Inc. (dba NEOGOV)

 

 

10,916

 

 

 

—

 

Mandrake Bidco, Inc. (dba Miratech)

 

 

138

 

 

 

138

 

ML Holdco, LLC (dba MeridianLink)

 

 

3,326

 

 

 

—

 

MRI Software LLC

 

 

1,826

 

 

 

—

 

NC Topco, LLC (dba NContracts)

 

 

10,110

 

 

 

14,384

 

NCWS Intermediate, Inc. (dba National Carwash Solutions)

 

 

4,224

 

 

 

4,164

 

Newtek Merchant Solutions, LLC (dba NewtekOne)

 

 

936

 

 

 

—

 

NFM & J, L.P. (dba the Facilities Group)

 

 

1,945

 

 

 

2,992

 

North Star Acquisitionco, LLC (dba Everway)

 

 

13,375

 

 

 

4,447

 

Octane Purchaser, Inc. (dba Office Ally)

 

 

3,941

 

 

 

—

 

Oliver Packaging and Equipment Company, LLC (fka Buffalo Merger Sub, LLC)

 

 

5,208

 

 

 

5,208

 

Omega Midwest Buyer, LLC (dba Omega Fitness Holdings)

 

 

761

 

 

 

—

 

Onyx CenterSource, Inc.

 

 

70

 

 

 

698

 

Pacvue Intermediate LLC (fka Assembly Intermediate LLC)

 

 

4,399

 

 

 

4,399

 

Paris US Holdco, Inc. (dba Precinmac)

 

 

5,442

 

 

 

5,581

 

PDDS Holdco, Inc. (dba Planet DDS)

 

 

3,284

 

 

 

6,156

 

Pearl Acquisition Buyer, Inc. (dba Alliance Technical Group)

 

 

1,541

 

 

 

—

 

PlanSource Holdings, Inc.

 

 

7,824

 

 

 

7,824

 

Pluralsight, Inc.

 

 

8,464

 

 

 

8,464

 

PPW Aero Buyer, Inc. (dba Pursuit Aerospace)

 

 

7,303

 

 

 

—

 

Precision Concepts Parent Inc.

 

 

1,476

 

 

 

—

 

Project Accelerate Parent, LLC (dba ABC Fitness)

 

 

1,875

 

 

 

1,875

 

Prophix Software Inc. (dba Pound Bidco)

 

 

710

 

 

 

1,703

 

PT Intermediate Holdings III, LLC (dba Parts Town)

 

 

2,601

 

 

 

3,059

 

QBS Parent, Inc. (dba Quorum Software)

 

 

2,197

 

 

 

1,910

 

Recorded Books Inc. (dba RBMedia)

 

 

2,974

 

 

 

749

 

Riverpoint Medical, LLC

 

 

4,094

 

 

 

3,275

 

Rocket Bidco, Inc. (dba Recochem)

 

 

2,227

 

 

 

2,029

 

Rodeo Buyer Company (dba Absorb Software)

 

 

3,387

 

 

 

3,387

 

Rotation Buyer, LLC (dba Rotating Machinery Services)

 

 

5,546

 

 

 

7,069

 

Rubix Foods, LLC

 

 

1,792

 

 

 

—

 

Runway Bidco, LLC (dba Redwood Software)

 

 

4,545

 

 

 

4,545

 

SI Swan UK Bidco Limited (dba Sapiens International)

 

 

4,889

 

 

 

—

 

Singlewire Software, LLC

 

 

252

 

 

 

129

 

Smarsh, Inc.

 

 

9,733

 

 

 

4,333

 

Sonar Acquisitionco, Inc. (dba SimPRO)

 

 

1,132

 

 

 

9,811

 

Southeast Mechanical, LLC

 

 

14,839

 

 

 

17,279

 

SpecialtyCare, Inc.

 

 

866

 

 

 

—

 

Spectrum Safety Solutions Purchaser, LLC (dba Carrier Industrial Fire)

 

 

222

 

 

 

279

 

SpendMend Holdings LLC

 

 

2,869

 

 

 

4,454

 

Splash Car Wash, Inc.

 

 

202

 

 

 

—

 

Spotless Brands, LLC

 

 

1,411

 

 

 

433

 

Streamland Media Midco LLC

 

 

637

 

 

 

—

 

Summit Buyer, LLC (dba Classic Collision)

 

 

24,774

 

 

 

7,864

 

Sundance Group Holdings, Inc. (dba NetDocuments)

 

 

19,389

 

 

 

4,361

 

Sunshine Cadence HoldCo, LLC (dba Cadence Education)

 

 

2,391

 

 

 

3,498

 

Superman Holdings, LLC (dba Foundation Software)

 

 

1,471

 

 

 

4,794

 

Supreme Fitness Group NY Holdings, LLC

 

 

2,060

 

 

 

—

 

 

 

Unfunded Commitment Balances(1)

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Sweep Purchaser LLC

 

$

3,633

 

 

$

4,541

 

TEI Intermediate LLC (dba Triumvirate Environmental)

 

 

7,355

 

 

 

8,570

 

TL Sapphire Holdings, Inc. (dba SouthernCarlson)

 

 

17,023

 

 

 

—

 

Tropical Bidco, LLC (dba Tropical Cheese)

 

 

1,674

 

 

 

1,395

 

Trystar, LLC

 

 

752

 

 

 

349

 

UFT Buyer LLC (dba United Flow Technologies)

 

 

5,239

 

 

 

3,673

 

US Signal Company, LLC

 

 

1,579

 

 

 

3,158

 

USA DeBusk, LLC

 

 

3,434

 

 

 

3,772

 

USN Opco LLC (dba Global Nephrology Solutions)

 

 

3,023

 

 

 

2,118

 

Valet Waste Holdings, Inc. (dba Valet Living)

 

 

2,797

 

 

 

3,477

 

Vamos Bidco, Inc. (dba VIP)

 

 

8,784

 

 

 

—

 

Vardiman Black Holdings, LLC (dba Specialty Dental Brands)

 

 

3

 

 

 

12

 

VASA Fitness Buyer, Inc.

 

 

1,527

 

 

 

357

 

VisionSafe Holdings, Inc.

 

 

1,219

 

 

 

1,219

 

Volt Bidco, Inc. (dba Power Factors)

 

 

3,960

 

 

 

4,753

 

VRC Companies, LLC (dba Vital Records Control)

 

 

944

 

 

 

9,709

 

WebPT, Inc.

 

 

337

 

 

 

1,234

 

Wellness AcquisitionCo, Inc. (dba SPINS)

 

 

439

 

 

 

4,800

 

Westwood Professional Services Inc.

 

 

3,366

 

 

 

3,744

 

Wildcat Solutions Holdings, LLC (dba O6 Environmental)

 

 

3,855

 

 

 

—

 

Xactly Corporation

 

 

3,874

 

 

 

3,874

 

Zarya HoldCo, Inc. (dba Eptura)

 

 

7,987

 

 

 

7,987

 

Zeppelin US Buyer Inc. (dba Global Critical Logistics)

 

 

6,062

 

 

 

—

 

Zeus Company LLC

 

 

5,709

 

 

 

6,395

 

Acquia, Inc.

 

 

—

 

 

 

1,438

 

Arrow Buyer, Inc. (dba Archer Technologies)

 

 

—

 

 

 

487

 

ATX Networks Corp.

 

 

—

 

 

 

361

 

BCPE HIPH Parent, Inc. (dba Harrington Industrial Plastics)

 

 

—

 

 

 

3,776

 

Bullhorn, Inc.

 

 

—

 

 

 

1,344

 

Businessolver.com, Inc.

 

 

—

 

 

 

2,068

 

Capitol Imaging Acquisition Corp.

 

 

—

 

 

 

180

 

Chronicle Bidco Inc. (dba Lexitas)

 

 

—

 

 

 

30,522

 

CivicPlus LLC

 

 

—

 

 

 

1,217

 

Clearcourse Partnership Acquireco Finance Limited

 

 

—

 

 

 

4,282

 

CorePower Yoga LLC

 

 

—

 

 

 

682

 

Easy Mile Fitness, LLC

 

 

—

 

 

 

1,624

 

Formulations Parent Corporation (dba Chase Corp)

 

 

—

 

 

 

835

 

GHA Buyer Inc. (dba Cedar Gate)

 

 

—

 

 

 

1,880

 

Governmentjobs.com, Inc. (dba NeoGov)

 

 

—

 

 

 

21,273

 

HealthEdge Software, Inc.

 

 

—

 

 

 

1,682

 

HS4 AcquisitionCo, Inc. (dba HotSchedules & Fourth)

 

 

—

 

 

 

1,524

 

Kaseya Inc.

 

 

—

 

 

 

1,643

 

LS Clinical Services Holdings, Inc (dba CATO)

 

 

—

 

 

 

440

 

NAVEX TopCo, Inc.

 

 

—

 

 

 

810

 

Pioneer Buyer I, LLC

 

 

—

 

 

 

4,300

 

Rubrik, Inc.

 

 

—

 

 

 

252

 

The Center for Orthopedic and Research Excellence, Inc. (dba HOPCo)

 

 

—

 

 

 

913

 

Total Vision LLC

 

 

—

 

 

 

1,270

 

Total 1st Lien/Senior Secured Debt

 

$

609,946

 

 

$

479,238

 

 

 

 

Unfunded Commitment Balances(1)

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

 

 

 

 

 

1st Lien/Last-Out Unitranche

 

 

 

 

 

 

EDB Parent, LLC (dba Enterprise DB)

 

$

3,696

 

 

$

1,852

 

EIP Consolidated, LLC (dba Everest Infrastructure)

 

 

167

 

 

 

1,000

 

K2 Towers III, LLC

 

 

8,904

 

 

 

714

 

Octagon Towers LLC

 

 

2,051

 

 

 

—

 

Skyway Towers Intermediate LLC

 

 

7,628

 

 

 

3,150

 

Tarpon Towers II LLC

 

 

2,813

 

 

 

4,313

 

Towerco IV Holdings, LLC

 

 

458

 

 

 

785

 

Thor FinanceCo LLC (dba Harmoni Towers)

 

 

—

 

 

 

1,144

 

Total 1st Lien/Last-Out Unitranche

 

$

25,717

 

 

$

12,958

 

2nd Lien/Senior Secured Debt

 

 

 

 

 

 

Wine.com, LLC

 

$

770

 

 

$

770

 

Total 2nd Lien/Senior Secured Debt

 

$

770

 

 

$

770

 

Total

 

$

636,433

 

 

$

492,966

 

 

(1)
Unfunded commitments denominated in currencies other than USD have been converted to USD using the exchange rate as of the applicable reporting date.