Commitments and Contingencies

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Note 6. Commitments and Contingencies

The Company had unfunded debt commitments to various revolving and delayed-draw term loans.

e total amount of these unfunded commitments as of September 30, 2023 and December 31, 2022 is $47,908 and $98,214, respectively, comprised of the following:


	September 30, 2023		December 31, 2022
Outset Medical, Inc.	$	11,865	$	11,865
Human Interest Inc.		6,799		6,799
Arcutis Biotherapeutics, Inc.		3,065		3,065
Ardelyx, Inc.		2,716		2,716
iCIMS, Inc.		2,555		3,867
Cerapedics, Inc.		2,424		2,424
Neuronetics, Inc.		1,964		—
High Street Buyer, Inc.		1,890		2,797
Maurices, Incorporated		1,640		2,733
RxSense Holdings, LLC		1,558		1,558
Enverus Holdings, Inc.		1,545		1,251
Nexus Intermediate III, LLC (Vortex)		1,264		1,264
Kid Distro Holdings, LLC		1,121		1,121
GSM Acquisition Corp.		1,101		1,101
Foundation Consumer Brands, LLC		967		967
Basic Fun, Inc.		960		1,195
Ultimate Baked Goods Midco LLC		753		578
Kaseya, Inc.		625		1,315
MRI Software LLC.		577		577
ENS Holdings III Corp. & ES Opco USA LLC		574		179
SunMed Group Holdings, LLC		515		268
Transportation Insight, LLC		454		1,860
Vessco Midco Holdings, LLC		417		4,969
TAUC Management, LLC		385		385
CC SAG Holdings Corp. (Spectrum Automotive)		174		6,568
Accession Risk Management Group, Inc.		—		10,328
Oral Surgery Partners Holdings, LLC		—		3,277
Glooko, Inc.		—		3,185
Plastics Management, LLC		—		3,095
Spectrum Pharmaceuticals, Inc.		—		2,966
Southern Orthodontic Partners Management, LLC		—		2,605
Pediatric Home Respiratory Services, LLC		—		2,451
Orthopedic Care Partners Management, LLC		—		2,200
Erie Construction Mid-west, LLC		—		1,593
Meditrina, Inc.		—		1,212
Tilley Chemical Buyer, Inc.		—		670
Peter C. Foy & Associates Insurance Services, LLC		—		570
Pinnacle Treatment Centers, Inc.		—		520
Ivy Fertility Services, LLC		—		499
BayMark Health Services, Inc.		—		499
NAC Holdings Corporation		—		470
Apex Service Partners, LLC		—		345
All States Ag Parts, LLC		—		172
World Insurance Associates, LLC		—		135

Total Commitments	$	47,908	$	98,214

The credit agreements of the above loan commitments contain customary lending provisions and/or are subject to the respective portfolio company’s achievement of certain milestones that allow relief to the Company from funding obligations for previously made commitments in instances where the underlying company experiences materially adverse events that affect the financial condition or business outlook for the company. Since these commitments may expire without being drawn upon, unfunded commitments do not necessarily represent future cash requirements or future earning assets for the Company. As of September 30, 2023 and December 31, 2022, the Company had sufficient cash available and/or liquid securities available to fund its commitments and had reviewed them for any appropriate fair value adjustment.

In the normal course of our business, we invest or trade in various financial instruments and may enter into various investment activities with

off-balance

sheet risk, which may include forward foreign currency contracts. Generally, these financial instruments represent future commitments to purchase or sell other financial instruments at specific terms at future dates. These financial instruments contain varying degrees of

off-balance

sheet risk whereby changes in the market value or our satisfaction of the obligations may exceed the amount recognized in our Consolidated Statements of Assets and Liabilities.

SCP Private Credit Income BDC LLC 10-Q