Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Summary of Payments Due by Period

The following table provides the Company’s contractual obligations as of March 31, 2024 (in thousands):

			Payments Due by Period
Contractual Obligations (1)	Total		Less than 1 Year			1-3 years			3-5 years		More than 5 Years
Borrowings (2)
Credit Facility	$	237,000	$	—	$		237,000	$		—	$	—
2026 Notes		95,000		—			95,000			—		—
2027 Notes		152,250		—			—			152,250		—
Total Borrowings		484,250		—			332,000			152,250		—
Deferred Incentive Fees		10,216		481			5,915			3,689		131
Total	$	494,466	$	481	$		337,915	$		155,939	$	131

(1)Excludes interest payable on borrowings, accrued expenses, and commitments to extend credit to the Company’s portfolio companies.

(2)Amounts represent future principal repayments and not the carrying value of each liability (refer to “Note 7 – Borrowings”).

The following table provides the Company’s contractual obligations as of December 31, 2023 (in thousands):

			Payments Due by Period
Contractual Obligations (1)	Total		Less than 1 Year			1-3 years			3-5 years		More than 5 Years
Borrowings (2)
Credit Facility	$	272,000	$	—	$		272,000	$		—	$	—
2026 Notes		95,000		—			95,000			—		—
2027 Notes		152,250		—			—			152,250		—
Total Borrowings		519,250		—			367,000			152,250		—
Deferred Incentive Fees		9,165		2,567			3,919			2,548		131
Total	$	528,415	$	2,567	$		370,919	$		154,798	$	131

(1)Excludes interest payable on borrowings, accrued expenses, and commitments to extend credit to the Company’s portfolio companies.

(2)Amounts represent future principal repayments and not the carrying value of each liability (refer to “Note 7 – Borrowings”).

Schedule of Unfunded Commitments to Extend Financing

The Company's unfunded commitments to provide debt financing to its portfolio companies amounted to $235.8 million and $201.5 million as of March 31, 2024 and December 31, 2023, respectively, shown in the table below (in thousands):

Portfolio Company	Investment Type	March 31, 2024		December 31, 2023
3PL Central LLC (dba Extensiv)	Senior Secured Term Loan	$	—	$	11,500
Betterment Holdings, Inc.	Senior Secured Term Loan		5,000		5,000
Blueshift Labs, Inc.	Senior Secured Term Loan		14,500		14,500
Bombora, Inc.	Senior Secured Term Loan		2,000		2,000
Brivo, Inc.	Senior Secured Term Loan		6,000		6,000
CarNow, Inc.	Senior Secured Term Loan		12,000		—
EBR Systems, Inc.	Senior Secured Term Loan		10,000		10,000
Interactions Corporation	Senior Secured Term Loan		10,000		10,000
Madison Reed, Inc.	Senior Secured Term Loan		—		1,200
Linxup, LLC	Senior Secured Term Loan		7,500		7,500
Moximed, Inc.	Senior Secured Term Loan		15,000		15,000
Nalu Medical, Inc.	Senior Secured Term Loan		15,000		15,000
Route 92 Medical, Inc.	Senior Secured Term Loan		20,000		20,000
Runway-Cadma I LLC	Joint Venture		35,000		—
SetPoint Medical Corporation	Senior Secured Term Loan		40,000		40,000
Skillshare, Inc.	Senior Secured Term Loan		10,000		10,000
Snagajob.com, Inc.	Convertible Note		2,035		2,035
Snagajob.com, Inc.	Senior Secured Term Loan		6,785		6,785
Synack, Inc.	Senior Secured Term Loan		25,000		25,000
Total unused commitments to extend financing		$	235,820	$	201,520