v3.26.1
Statement of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Non-control/non-affiliate investment income      
Interest income $ 49,268,175 $ 19,905,843 $ 11,736,649
Fee income 5,033,987 1,759,910 196,251
Total investment income 54,302,162 21,665,753 11,932,900
EXPENSES      
Income-based incentive fees 8,305,705 2,327,448 1,511,253
Management fee 5,452,521 1,504,239 1,013,764
General and administrative expenses 4,634,672 700,000 0
Interest expense 1,249,657 0 0
Professional fees 886,505 527,358 435,090
Legal expenses 719,097 282,156 343,824
Audit expense 651,252 497,200 499,698
Other expenses 626,891 430,254 355,672
Sub-administrator fees 587,300 449,974 335,253
Excise tax expense 72,406 120,024 10,655
Capital gains incentive fees 41,586 34,304 87,583
Transaction expenses related to the Loan Portfolio Acquisition 0 5,341,779 711,264
Total expenses 23,227,592 12,214,736 5,304,056
Waiver of general and administrative expenses (Note 6) (658,477) 0 0
Expense limitation agreement (Note 6) (1,338,202) 0 0
Net expenses 21,230,913 12,214,736 5,304,056
NET INVESTMENT INCOME (LOSS) 33,071,249 9,451,017 6,628,844
NET REALIZED GAIN (LOSS) FROM INVESTMENTS      
Net realized gain (loss) from investments 0 (74,483) (210,767)
NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS      
Net change in unrealized appreciation (depreciation) on investments 207,930 246,004 922,031
Net realized and unrealized gains (losses) 207,930 171,521 711,264
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 33,279,179 $ 9,622,538 $ 7,340,108
NET INVESTMENT INCOME (LOSS) PER SHARE - BASIC (in dollars per share) $ 1.45 $ 0.91 $ 1.07
NET INVESTMENT INCOME (LOSS) PER SHARE - DILUTED (in dollars per share) 1.45 0.91 1.07
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC (in dollars per share) 1.46 0.93 1.18
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - DILUTED (in dollars per share) $ 1.46 $ 0.93 $ 1.18
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 22,820,489 10,343,621 6,214,682
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 22,820,489 10,343,621 6,214,682
Investment, Unaffiliated Issuer [Member]      
NET REALIZED GAIN (LOSS) FROM INVESTMENTS      
Net realized gain (loss) from investments $ 207,930 $ 246,004 $ 922,031
NET CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS      
Net change in unrealized appreciation (depreciation) on investments $ 0 $ (74,483) $ (210,767)