Commitments and Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies.

Commitments and Contingencies

8. Commitments and Contingencies

The Company conducts business with brokers and dealers that are primarily headquartered in New York and are members of the major securities exchanges. Banking activities are conducted with U.S. Bancorp, headquartered in the Minneapolis, Minnesota.

In the normal course of business, investment activities involve executions, settlement and financing of various transactions resulting in receivables from, and payables to, brokers, dealers and the custodian. These activities may expose the Company to risk in the event that such parties are unable to fulfill contractual obligations. Management does not anticipate any material losses from counterparties with whom it conducts business. Consistent with standard business practice, the Company enters into contracts that contain a variety of indemnifications, and is engaged from time to time in various legal actions. The maximum exposure under these arrangements and activities is unknown. However, management expects the risk of material loss to be remote.

The Schedules of Investments includes certain revolving loan facilities and other commitments with unfunded balances at September 30, 2024 and December 31, 2023 as follows:

Investments—non-controlled/non-affiliated	Commitment Type	Commitment Expiration Date	Unfunded Commitment at September 30, 2024		Unfunded Commitment at December 31, 2023
Accession Risk Management Group, Inc.	Delayed Draw	11/1/2029	$	—	$	4,916
Alchemy US Holdco 1, LLC	Delayed Draw	7/31/2029		968		—
Athena Holdco S.A.S.	Delayed Draw	4/18/2030		—		2,300
Argano, LLC	Revolver	9/13/2029		435		—
Argano, LLC	Delayed Draw	9/13/2029		2,609		—
Beacon Oral Specialists Management LLC	Delayed Draw	12/14/2026		13,909		—
Doncasters US Finance LLC	Delayed Draw	4/23/2030		1,419		—
Energy Acquisition LP	Delayed Draw	5/9/2029		1,040		—
Gannett Fleming, Inc.	Revolver	12/20/2028		—		1,364
Hornblower Holdings, LP	Revolver	7/3/2029		2,703		—
Ironhorse Purchaser, LLC	Revolver	9/30/2027		573		398
Ironhorse Purchaser, LLC	Delayed Draw	9/30/2027		1,043		1,043
K1 Speed, Inc	Delayed Draw	1/2/2029		4,246		—
Keel Platform, LLC	Delayed Draw	1/19/2031		1,200		—
MB2 Dental Solutions, LLC	Delayed Draw	1/29/2027		—		3,200
Planet US Buyer LLC (Wood Mackenzie)	Revolver	1/30/2030		—		1,835
PT Intermediate Holdings III, LLC	Delayed Draw	11/1/2028		—		4,350
SVP Singer Holdings Inc.	Delayed Draw	9/14/2025		430		—
Total Unfunded Commitments			$	30,575	$	19,406