Debt (Tables)

12 Months Ended

Dec. 31, 2025

The following table presents the components of interest expense for the following periods:


	For the Years Ended December 31,
	2025			2024		2023
Commitment fee	$	435,792			-		-
Amortization of deferred financing costs		628,985			-		-
Interest expense		184,880			-		-
Total interest expense	$	1,249,657			-		-
Average interest rate		7.02	%		-		-
Average daily borrowings	$	2,597,260			-		-

Schedule of Information about Senior Securities

Information about our senior securities is shown in the following table as of December 31, 2025 (in thousands except for per unit data).

         Class and Period

         Total Amount Outstanding Exclusive of Treasury Securities(1)

         Asset Coverage Per Unit(2)

         Involuntary Liquidating Preference Per Unit(3)

         Average Market Value Per Unit(4)

         Revolving Credit Facility

December 31, 2025

25,000,000

13,136

-

N/A

(1) Total amount of each class of senior securities outstanding at the end of the period presented.

(2) Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis.

(3) The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The “-” in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities.

(4) Not applicable because the senior securities are not registered for public trading.