v3.25.2
Consolidated Statements of Assets and Liabilities - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Assets    
Investments – Non-controlled/Non-affiliated, at value (Cost $221,026,430 and $165,237,142, at June 30, 2025 and December 31, 2024, respectively) [1],[2] $ 221,133,237 $ 165,834,356
Cash 0 753,840
Receivable for investments sold 63,093 57,924
Interest and dividends receivable 1,517,346 1,109,924
Receivable from affiliates 0 23,495
Deferred financing cost 2,582,808 1,830,038
Other assets 250 0
Total assets 225,296,734 169,609,577
Liabilities    
Due to custodian 20,736 0
Credit facility payable 49,100,000 53,200,000
Distributions payable 3,082,107 3,179,815
Interest and credit facility expenses payable 896,689 906,329
Payables to affiliates:    
Management fees payable 105,851 0
Incentive fees payable 631,157 469,067
Accounting and legal services fees 11,983 11,659
Other liabilities and accrued expenses 226,536 373,243
Total liabilities 54,075,059 58,140,113
Net assets [1],[2] 171,221,675 111,469,464
Net assets consist of    
Paid-in capital 171,369,374 111,369,374
Total distributable earnings (loss) (147,699) 100,090
Net assets [1],[2] 171,221,675 111,469,464
Class NAV:    
Net assets [1],[2] $ 171,221,675 $ 111,469,464
Shares outstanding 8,256,380 5,360,173
Per share $ 20.74 $ 20.8
[1] Securities are valued using significant unobservable inputs and are classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the consolidated financial statements.
[2] Senior loans are variable rate obligations which generally pay interest rates that are periodically redetermined by reference to a base lending rate and spread, which are both subject to change. The rate shown represents the rate at period end.