Derivative Instruments

9 Months Ended

Sep. 30, 2024

Derivative Instruments

Derivative Instruments

4. Derivative Instruments

The Company enters into interest rate swap contracts from time to time to help mitigate the impact that an adverse change in interest rates would have on the value of the Company’s fixed rate investments. As of September 30, 2024, the counterparty to these interest rate swap contracts was Goldman Sachs & Co. LLC.

Certain information related to the Company’s derivative instruments as of September 30, 2024 and December 31, 2023 are presented in the following location in the Statements of Assets and Liabilities:

4. Derivative Instruments (Continued)

September 30, 2024
Derivative Instrument	Notional Amount		Maturity Date	Gross Amount of Recognized Assets		Gross Amount of Recognized Liabilities		Statement Location
Interest rate swap	$	7,000	6/17/2027	$	(42)	$	—	Derivatives, at fair value
Interest rate swap		5,000	7/7/2027		132		—	Derivatives, at fair value
Total	$	12,000		$	90	$	—

December 31, 2023
Derivative Instrument	Notional Amount		Maturity Date	Gross Amount of Recognized Assets		Gross Amount of Recognized Liabilities		Statement Location
Interest rate swap	$	7,000	6/17/2027	$	98	$	—	Derivatives, at fair value
Interest rate swap		5,000	7/7/2027		173		—	Derivatives, at fair value
Total	$	12,000		$	271	$	—

Net realized gain (loss) on derivative instruments recognized by the Company for the three and nine months ended September 30, 2024 and 2023 is presented in the following location in the Statements of Operations:

Statement Location	For the Three Months Ended September 30, 2024		For the Nine Months Ended September 30, 2024
Net realized and unrealized gain (loss) from derivatives	$	(377)	$	203
	$	(377)	$	203

Statement Location	For the Three Months Ended September 30, 2023		For the Nine Months Ended September 30, 2023
Net realized and unrealized gain (loss) from derivatives	$	(104)	$	(5)
	$	(104)	$	(5)

Net unrealized gain (loss) on derivative instruments recognized by the Company for the three and nine months ended September 30, 2024 and 2023 is presented in the following location in the Statements of Operations:

Statement Location	For the Three Months Ended September 30, 2024		For the Nine Months Ended September 30, 2024
Net realized and unrealized gain (loss) from derivatives	$	7	$	181
	$	7	$	181

Statement Location	For the Three Months Ended September 30, 2023		For the Nine Months Ended September 30, 2023
Net realized and unrealized gain (loss) from derivatives	$	112	$	221
	$	112	$	221