Commitments, Contingencies and Indemnifications (Tables)

3 Months Ended

Mar. 31, 2023

Commitments Contingencies And Indemnifications [Abstract]

Summary of Unfunded Commitments to Portfolio Companies

The Company has the following unfunded commitments to portfolio companies (in thousands):
 

		As of March 31, 2023				As of December 31, 2022
Company	Investment Type	Commitment Expiration Date (1)		Unfunded Commitment (2)		Commitment Expiration Date (1)		Unfunded Commitment (2)
A&A Global Imports, LLC (5)	Revolver	6/1/2026		$	234		—	$	—
ABACUS Holdings I LLC (7)	Delayed Draw Term Loan	6/24/2024			2,531	6/24/2024			2,800
ABACUS Holdings I LLC (5)	Revolver	6/24/2028			720	6/24/2028			720
ACI Group Holdings, Inc. (7)	Delayed Draw Term Loan	8/2/2023			1,525	8/2/2023			1,688
ACI Group Holdings, Inc. (5)	Revolver	8/2/2027			738	8/2/2027			657
Action Signature Acquisition, Inc. (5)	Revolver	6/17/2026			473		—		—
Advanced Diabetes Supply (5)	Revolver	12/30/2027			175	12/30/2027			88
Advanced Web Technologies (5)	Revolver	12/17/2026			297		—		—
Affinitiv, Inc. (5)	Revolver	8/26/2024			567	8/26/2024			567
Alcanza Clinical Research (5)	Revolver	12/15/2027			125		—		—
Alcanza Clinical Research (7)	Delayed Draw Term Loan	12/15/2027			250		—		—
Alera Group Inc. (7)	Delayed Draw Term Loan	3/2/2024			2,025	3/2/2024			4,401
Alpine SG, LLC (5)	Revolver	11/5/2027			105		—		—
Alpine X (5)	Revolver	12/27/2027			137		—		—
Alpine X (5)	Revolver	12/27/2027			64		—		—
Ansira Partners, Inc. (12)	Delayed Draw Term Loan	12/20/2024			254	12/20/2024			254
Apps Associates LLC (7)	Delayed Draw Term Loan	7/2/2023			900	7/2/2023			900
Apps Associates LLC (5)	Revolver	7/2/2027			400	7/2/2027			800
Arrow Management Acquisition, LLC (5)	Revolver	10/14/2027			700	10/14/2027			700
Automated Control Concepts, Inc. (5)	Revolver	10/22/2026			667		—		—
Auveco Holdings (7)	Delayed Draw Term Loan	5/5/2024			850	5/5/2024			850
Auveco Holdings (5)	Revolver	5/5/2028			480	5/5/2028			450
AX VI INV2 Holding AB (Voff) (8)	Revolver	8/31/2029			403	8/31/2029			398
AX VI INV2 Holding AB (Voff) (9)	Delayed Draw Term Loan	8/31/2029			381	8/31/2029			1,593
Bandon Fitness (Texas) Inc. (5)	Revolver	7/27/2028			159		—		—
Bandon Fitness (Texas) Inc.	Delayed Draw Term Loan	7/27/2028			1,875		—		—
Banker's Toolbox, Inc. (7)	Delayed Draw Term Loan	7/27/2023			3,780	7/27/2023			4,184
Banker's Toolbox, Inc. (5)	Revolver	7/27/2027			2,406	7/27/2027			2,406
BCDI Rodeo Dental Buyer, LLC (5)	Revolver	5/14/2025			485		—		—
Belay Inc. (5)	Revolver	11/15/2025			650	11/15/2025			650
Benesys Inc.	Revolver	10/5/2024			—	10/5/2024			66
BioAgilytix (7)	Delayed Draw Term Loan	12/21/2023			1,867	12/21/2023			1,865
C-4 Analytics, LLC (5)	Revolver		—		—	8/22/2023			600
CC Amulet Management, LLC (5)	Revolver	8/31/2027			102		—		—
CC Amulet Management, LLC (7)	Delayed Draw Term Loan	8/31/2027			922		—		—
Cedar Services Group, LLC (5)	Revolver	6/11/2027			802		—		—
Centria Subsidiary Holdings, LLC (5)	Revolver	12/9/2025			1,342	12/9/2025			1,974
Certify, Inc. (5)	Revolver	2/28/2024			53		—		—
Claritas, LLC (5)	Delayed Draw Term Loan	9/30/2023			2,450	9/30/2023			2,450
Claritas, LLC (5)	Revolver	3/31/2026			1,950	3/31/2026			1,950
Consolidated Label Co., LLC (5)	Revolver	7/15/2026			650	7/15/2026			650
ConvenientMD (5)	Revolver	6/15/2027			688		—		—
ConvenientMD (7)	Delayed Draw Term Loan	6/15/2027			688		—		—
CRA MSO, LLC (5)	Revolver	12/17/2023			92	12/17/2023			92
Doxa Insurance Holdings, LLC (5)	Revolver	12/4/2026			344		—		—
Doxa Insurance Holdings, LLC (7)	Delayed Draw Term Loan	12/4/2026			1,419		—		—
Eagle Midco B.V. (Avania) (9)	Delayed Draw Term Loan	7/5/2029			3,569	7/5/2029			3,545
Eagle Midco B.V. (Avania) (9)	Revolver	1/5/2029			798	1/5/2029			788
Effective School Solutions LLC (5)	Revolver	11/30/2027			1,276	11/30/2027			1,276
Effective School Solutions LLC (7)	Delayed Draw Term Loan	11/30/2023			2,200	11/30/2023			2,200
EMS Buyer, Inc. (5)	Revolver	11/23/2027			550	11/23/2027			550
Envocore Holding, LLC (5)	Revolver	12/31/2025			2,778	12/31/2025			2,778
Eshipping (7)	Delayed Draw Term Loan	11/5/2023			1,850	11/5/2023			1,850
Eshipping (5)	Revolver	11/5/2027			1,150	11/5/2027			1,150
Everlast Parent Inc. (5)	Revolver	10/30/2026			1,151	10/30/2026			1,151
Evolution BuyerCo, Inc. (5)	Revolver	4/30/2027			729	4/30/2027			729
Evolution BuyerCo, Inc. (7)	Delayed Draw Term Loan	12/23/2023			31	12/23/2023			31
Explorer Investor, Inc. (7)	Delayed Draw Term Loan	6/28/2024			2,400	6/28/2024			2,400
FS Whitewater Borrower, LLC (3)	Revolver	12/21/2027			224	12/21/2027			448
FS Whitewater Borrower, LLC (7)	Delayed Draw Term Loan	7/1/2024			1,347	7/1/2024			1,662
Galway Borrower, LLC (5)	Delayed Draw Term Loan	9/30/2023			134	9/30/2023			134
Galway Borrower, LLC (5)	Revolver	9/30/2027			727	9/30/2027			926
Gener8, LLC (5)	Revolver	8/14/2024			300		—		—
GrapeTree Medical Staffing, LLC (5)	Revolver	5/29/2024			600	5/29/2024			600
GH Parent Holdings Inc. (5)	Revolver	5/4/2027			1,542	5/4/2027			1,542
Granicus, Inc. (5)	Revolver	1/29/2027			382	1/29/2027			535
Great Lakes Dental Partners, LLC (5)	Revolver	6/23/2026			100	6/23/2026			100
HCOS Group Intermediate III LLC (5)	Revolver	9/30/2026			639	9/30/2026			1,150
Hepaco, LLC (5)	Revolver	8/18/2024			331	8/18/2024			135
HealthDrive Corporation (5)	Revolver	12/21/2023			1,665		—		—
HealthDrive Corporation (7)	Delayed Draw Term Loan	12/21/2023			49		—		—
Hercules Borrower LLC (5)	Revolver	12/15/2026			1,985	12/15/2026			1,985
Hercules Borrower LLC (7)	Delayed Draw Term Loan	9/10/2023			786	9/10/2023			1,092
HGH Purchaser, Inc. (5)	Revolver	11/3/2025			176	11/3/2025			610
Homecare Partners Management, LLC (5)	Revolver	5/25/2023			572	5/25/2023			953
Hospice Care Buyer, Inc.	Revolver	12/9/2026			—	12/9/2026			508
Hsid Acquisition, LLC (5)	Revolver	1/31/2026			750	1/31/2026			750
HS Spa Holdings Inc. (Hand & Stone) (5)	Revolver	6/2/2028			1,511	6/2/2028			1,511
iLending LLC (5)	Revolver	6/21/2026			718		—		—
Infobase (7)	Delayed Draw Term Loan	6/14/2024			1,850	6/14/2024			1,850

		As of March 31, 2023				As of December 31, 2022
Company	Investment Type	Commitment Expiration Date (1)	Unfunded Commitment (2)			Commitment Expiration Date (1)		Unfunded Commitment (2)
Infobase (5)	Revolver	6/14/2028		1,063		6/14/2028			1,450
Integrated Pain Management Medical Group, Inc. (5)	Revolver	6/17/2026		442			—		—
Integrity Marketing Acquisition, LLC (5)	Revolver	8/27/2025		1,409		8/27/2025			1,409
Jordan Bidco, Ltd. (9)	Delayed Draw Term Loan	8/31/2024		3,766		8/31/2024			3,692
JTM Foods LLC (5)	Revolver	5/14/2027		133		5/14/2027			347
JTM Foods LLC (5)	Delayed Draw Term Loan	5/14/2027		250		5/14/2027			250
King Mid LLC (7)	Delayed Draw Term Loan	6/17/2024		1,903		6/17/2024			2,356
King Mid LLC (5)	Revolver	12/15/2027		300		12/15/2027			300
Lash Opco LLC (5)	Revolver	8/18/2026		106			—		—
Learn-It Systems, LLC (5)	Revolver	3/18/2025		283		3/18/2025			283
Learn-It Systems, LLC	Delayed Draw Term Loan			—		5/4/2023			1,451
Lexipol (Ranger Buyer, Inc.) (5)	Revolver	11/18/2027		1,105		11/18/2027			1,105
Lighthouse Behavioral Health Solutions, LLC (7)	Delayed Draw Term Loan	3/28/2028		1,809			—		—
Lighthouse Lab Services (5)	Revolver	10/25/2027		1,381			—		—
Lightspeed Buyer, Inc. (5)	Revolver	2/3/2026		1,050		2/3/2026			595
Lightspeed Buyer, Inc.	Delayed Draw Term Loan			—		2/28/2023			5,101
Lion Cashmere Bidco Limited (9)	Delayed Draw Term Loan	9/23/2024		2,757		9/23/2024			2,952
List Partners, Inc. (5)	Revolver	5/1/2024		450		1/5/2023			450
Loadmaster Derrick & Equipment, Inc. (5)	Revolver	12/31/2023		225			—		—
Mann Lake Ltd. (5)	Revolver	10/4/2024		240			—		—
Mario Purchaser, LLC	Delayed Draw Term Loan			—		4/26/2024			3,690
Mario Purchaser, LLC (12)	Revolver	4/26/2028		1,044		4/26/2028			1,044
Marlin DTC-LS Midco 2, LLC (5)	Revolver	7/1/2025		143			—		—
MHS Acquisition Holdings, LLC (5)	Revolver	7/21/2027		129		7/21/2027			129
MRI Software LLC (5)	Revolver	2/10/2026		1,266		2/10/2026			1,266
Multi Specialty Healthcare (AMM LLC) (5)	Revolver	12/18/2026		313			—		—
MWD Management LLC (United Derm) (5)	Revolver	6/15/2027		640		6/15/2027			560
New Era Technology, Inc. (5)	Revolver	10/31/2026		(21	)	10/31/2026			265
New Era Technology, Inc. (7)	Delayed Draw Term Loan	10/31/2026		504		10/31/2026			504
New Era Technology, Inc. (5)	Revolver	10/31/2026		142			—		—
Newcleus, LLC (5)	Revolver	8/2/2026		435			—		—
Newcleus, LLC (5)	Delayed Draw Term Loan	8/2/2026		458			—		—
Nexant Volt MergerSub, Inc. (5)	Revolver	5/11/2027		700		5/11/2027			500
Nurture Landscapes	Delayed Draw Term Loan			—		6/2/2028			465
Odessa Technologies, Inc. (7)	Delayed Draw Term Loan	10/19/2023		1,786		10/19/2023			1,786
Odessa Technologies, Inc. (5)	Revolver	10/19/2027		2,500		10/19/2027			2,500
Oliver Packaging LLC (5)	Revolver	7/6/2028		150		7/6/2028			500
Omni Ophthalmic Management Consultants, LLC (7)	Delayed Draw Term Loan	3/7/2024		1,500		3/7/2024			1,500
Omni Ophthalmic Management Consultants, LLC	Revolver	5/31/2023		-		5/31/2023			113
Ontario Systems, LLC (5)	Revolver	8/30/2025		63		8/30/2025			256
Painters Supply & Equipment Company (7)	Delayed Draw Term Loan	8/10/2023		670		8/10/2023			724
Painters Supply & Equipment Company (5)	Revolver	8/10/2027		207		8/10/2027			299
Patriot Acquisition Topco S.A.R.L (5)	Revolver	1/29/2026		1,770		1/29/2026			1,390
Patriot Growth Insurance Services, LLC (5)	Revolver	10/14/2028		660		10/14/2028			660
Patriot Growth Insurance Services, LLC (6)	Delayed Draw Term Loan	7/8/2024		2,158		7/8/2024			2,626
PharComp Parent B.V.	Delayed Draw Term Loan			—		2/18/2023			1,432
PharComp Parent B.V. (10)	Delayed Draw Term Loan	3/19/2024		2,911		2/18/2023			2,873
Plasma Buyer LLC (PathGroup) (7)	Delayed Draw Term Loan	5/12/2024		1,892		5/12/2024			1,892
Plasma Buyer LLC (PathGroup) (5)	Revolver	5/12/2029		811		5/12/2029			811
Point Quest Acquisition, LLC (5)	Revolver	8/12/2028		500			—		—
Potter Electric Signal Company (5)	Revolver	12/19/2024		506		12/19/2024			550
PPV Intermediate Holdings LLC (Vetcor) (7)	Delayed Draw Term Loan	2/29/2024		111		2/29/2024			415
PPV Intermediate Holdings LLC (Vetcor) (5)	Revolver	8/31/2029		228		8/31/2029			166
PPV Intermediate Holdings LLC (Vetcor) (7)	Delayed Draw Term Loan	2/29/2024		32		2/29/2024			234
Professional Physical Therapy (5)	Revolver	5/1/2023		148		2/28/2023			188
Premier Dental Care Management, LLC	Delayed Draw Term Loan			—		8/5/2023			793
Premier Dental Care Management, LLC (5)	Revolver	8/5/2027		875		8/5/2027			1,030
PromptCare Intermediate, LP	Delayed Draw Term Loan			—		9/1/2023			2,778
Pye-Barker Fire & Safety, LLC (5)	Revolver	11/26/2027		1,531		11/26/2027			816
Pye-Barker Fire & Safety, LLC (11)	Delayed Draw Term Loan	6/15/2024		1,200		6/15/2024			1,200
Pye-Barker Fire & Safety, LLC (5)	Revolver	10/1/2024		142		10/1/2024			75
Pye-Barker Fire & Safety, LLC (5)	Revolver	11/26/2026		1,811			—		—
Quartermaster Newco, LLC (5)	Revolver	7/31/2025		365			—		—
Quorum Health Resources (5)	Revolver	5/26/2027		522			—		—
Receivable Solutions, Inc. (5)	Revolver	10/1/2024		300		10/1/2024			258
Ruffalo Noel Levitz, LLC	Revolver	5/29/2024		-		5/29/2024			75
Safco Dental Supply, LLC (5)	Revolver	6/14/2025		480		6/14/2025			480
Seko Global Logistics Network, LLC (5)	Revolver	12/20/2026		1,056		12/20/2026			650
Seniorlink Incorporated (5)	Revolver	7/17/2026		1,038		7/17/2026			1,038
Slickdeals Holdings, LLC (4)	Revolver	6/12/2023		727		6/12/2023			727
smarTours, LLC	Revolver	12/31/2026		432			—		—
Smartronix, LLC (5)	Revolver	11/23/2027		3,290		11/23/2027			3,290
Smile Doctors LLC (5)	Revolver	12/23/2027		141		12/23/2027			646
Smile Doctors LLC (7)	Delayed Draw Term Loan	12/23/2028		1,065		12/23/2028			2,010
Socius Insurance Services, Inc. (5)	Revolver	6/30/2027		525			—		—
Socius Insurance Services, Inc. (5)	Delayed Draw Term Loan	6/30/2027		1,842			—		—
SolutionReach, Inc. (5)	Revolver	1/17/2024		933			—		—
SQAD Holdco, Inc. (7)	Delayed Draw Term Loan	4/25/2024		2,425		4/25/2024			2,425
SQAD Holdco, Inc. (5)	Revolver	4/25/2028		840		4/25/2028			840
Stepping Stones Healthcare Services, LLC (7)	Delayed Draw Term Loan	12/30/2023		1,585		12/30/2023			2,226

		As of March 31, 2023			As of December 31, 2022
Company	Investment Type	Commitment Expiration Date (1)	Unfunded Commitment (2)		Commitment Expiration Date (1)		Unfunded Commitment (2)
Stepping Stones Healthcare Services, LLC (7)	Revolver	12/30/2026		679	12/30/2026			528
Summit 7 Systems, LLC (5)	Revolver	5/23/2028		211	5/23/2028			650
Sun Acquirer Corp. (7)	Delayed Draw Term Loan	9/8/2027		411	9/8/2027			491
Sun Acquirer Corp. (5)	Revolver	9/8/2027		1,558	9/8/2027			1,812
SuperHero Fire Protection, LLC (5)	Revolver	9/1/2026		65		—		—
Sydney US Buyer Corp. (3B Scientific) (9)	Delayed Draw Term Loan	7/8/2029		1,961	7/8/2029			1,961
Sydney US Buyer Corp. (3B Scientific)	Revolver	7/8/2029		—	7/8/2029			654
Teal Acquisition Co., Inc (5)	Revolver	9/22/2026		365	9/22/2026			259
Technology Partners, LLC (7)	Revolver	11/16/2027		747		—		—
Technology Partners, LLC (5)	Delayed Draw Term Loan	11/16/2027		1,037		—		—
The Hilb Group, LLC (5)	Revolver	12/2/2025		283	12/2/2025			340
The Hilb Group, LLC (5)	Revolver	12/2/2025		119	12/2/2025			143
The Hilb Group, LLC (5)	Delayed Draw Term Loan	12/10/2023		1,366	12/10/2023			1,880
The Hilb Group, LLC (5)	Revolver	12/2/2025		95	12/2/2025			113
The Mulch & Soil Company, LLC (5)	Revolver	4/30/2026		755		—		—
TMA Buyer, LLC (5)	Revolver	9/30/2027		385		—		—
TMA Buyer, LLC (7)	Delayed Draw Term Loan	9/30/2027		1,170		—		—
Transportation Insight, LLC (5)	Revolver	12/3/2024		750	12/3/2024			750
Tricor Borrower, LLC (5)	Revolver	10/22/2026		288		—		—
Tricor Borrower, LLC (7)	Delayed Draw Term Loan	10/22/2026		999		—		—
TriStrux, LLC (5)	Revolver	12/15/2026		555		—		—
TriStrux, LLC (7)	Delayed Draw Term Loan	12/15/2026		483		—		—
Unifeye Vision Partners (5)	Revolver	9/13/2025		680	9/13/2025			793
Unifeye Vision Partners	Delayed Draw Term Loan			—	9/7/2023			1,199
United Flow Technologies	Delayed Draw Term Loan			—	10/29/2023			82
United Flow Technologies (5)	Revolver	10/29/2027		1,600	10/29/2027			1,600
UP Acquisition Corp. (5)	Revolver	5/23/2024		1,250	5/23/2024			807
Vital Care Buyer, LLC (5)	Revolver	10/19/2025		2,222	10/19/2025			1,852
WhiteHawk III Onshore Fund L.P.	Partnership Interest	7/5/2024		852	7/5/2024			1,700
Winxnet Holdings LLC	Revolver	6/29/2023		-	6/29/2023			163
Total			$	159,634			$	158,905

(1)Commitments are generally subject to borrowers meeting certain criteria such as compliance with covenants and certain operational metrics. These amounts may remain outstanding until the commitment period of an applicable loan expires, which may be shorter than its maturity.

(2)Unfunded commitments denominated in currencies other than USD have been converted to USD using the applicable foreign currency exchange rate as of March 31, 2023 and December 31, 2022.

(3)Investment pays 0.38% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(4)Investment pays 0.50% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(5)Investment pays 0.75% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(6)Investment pays 1.00% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(7)Investment pays 1.25% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(8)Investment pays 1.80% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(9)Investment pays 1.95% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(10)Investment pays 2.25% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(11)Investment pays 4.25% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.

(12)Investment pays 5.00% unfunded commitment fee on delayed draw term loan and/or revolving credit facilities.