Commitments and Contingencies

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

5. Commitments and Contingencies

The Company had the following unfunded commitments and unrealized depreciation by investment as of September 30, 2023 and December 31, 2022:

		September 30, 2023				December 31, 2022
Unfunded Commitments	Maturity/ Expiration	Amount		Unrealized Depreciation		Amount		Unrealized Depreciation
Retail & Animal Intermediate, LLC	November 2025	$	4,981	$	—	$	4,981	$	—
Ruby Tuesday Operations LLC	February 2025		4,921		—		4,921		—
Pace Industries, Inc.	June 2025		5,007		—		2,086		—
Total		$	14,909	$	—	$	11,988	$	—

The Company’s total capital commitment to its underlying investment in Strategic Ventures is $481,600. As of September 30, 2023 and December 31, 2022, the Company’s unfunded commitment to Strategic Ventures is $219,646.

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of September 30, 2023, management is not aware of any pending or threatened litigation.

In the normal course of business, the Company enters into contracts which provide a variety of representations and warranties, and that provide general indemnifications. Such contracts include those with certain service providers, brokers and trading counterparties. Any exposure to the Company under these arrangements is unknown as it would involve future claims that may be made against the Company; however, based on the Company’s experience, the risk of loss is remote and no such claims are expected to occur. As such, the Company has not accrued any liability in connection with such indemnifications.