Agreements and Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2025

Related Party Transactions [Abstract]

Summary of Related Party Transactions under the Advisory and Administration Agreements

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser for the three and six months ended June 30, 2025 and 2024:


		For the three months ended June 30,				For the six months ended June 30,
		2025		2024		2025		2024
Base management fees		$851,734		$889,715		$1,699,770		$1,841,514
Waiver of base management fees		(72,026)		(72,899)		(146,169)		(170,330)
Income-based incentive fees		(118,748)		—		(118,748)		—
Waiver of income-based incentive fees		—		—		—		—
Capital gains fee		—		—		—		—
Allocation of administrative costs from Adviser		227,874		241,918		481,897		467,774
Total net expense to affiliates		$888,834		$1,058,734		$1,916,750		$2,138,958

Schedule of Resulting from Transactions under the Advisory and Administration Agreements

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser as of June 30, 2025 and December 31, 2024:


		June 30, 2025		December 31, 2024
Due from affiliate		$—		$—
Total amount due from affiliate		$—		$—

Base management fees payable		$779,667		$769,176
Income-based incentive fees payable		383,207		501,955
Capital gains fee payable		—		—
Allocation of administrative costs from Adviser payable(1)		55,371		27,868
Total amount due to affiliates		$1,218,245		$1,298,999

(1)

Balances are reported within Accrued Expenses and Other Liabilities on the Consolidated Statements of Assets and Liabilities.