v3.26.1
Consolidated Schedule of Investments - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Schedule of Investments [Line Items]    
Spread above Index 600.00% 600.00%
Interest rate, paid in kind   1.00%
Cost And Cash And Cash Equivalents At Carrying Value $ 256,176 $ 248,998
Cash Equivalents 59,838 49,798
Investment Owned And Cash Equivalents Fair Value 239,313 234,264
Liabilities in Excess of Other Assets (107,131) (98,423)
Investment Owned And Cash Equivalents Fair Value 239,313 234,264
Senior Secured Loans [Member]    
Schedule of Investments [Line Items]    
Cost 158,157 165,617
Fair Value 153,748 162,467
Preferred Equity    
Schedule of Investments [Line Items]    
Cost 15,341 10,862
Fair Value 14,895 11,175
Common Equity/Equity Interests/Warrants [Member]    
Schedule of Investments [Line Items]    
Cost 22,840 22,721
Fair Value 10,832 10,824
Total Investments [Member]    
Schedule of Investments [Line Items]    
Cost 196,338 [1] 199,200 [2]
Fair Value 179,475 [1] 184,466 [2]
Net Assets [Member]    
Schedule of Investments [Line Items]    
Fair Value $ 132,182 $ 135,841
U.S. Treasury Bill [Member]    
Schedule of Investments [Line Items]    
Acquisition Date Mar. 31, 2026 Dec. 31, 2025
Maturity Date Apr. 30, 2026 Feb. 28, 2025
Shares 60,000 50,000
Cash Equivalents $ 59,838 $ 49,798
Cash Equivalents Fair Value $ 59,838 $ 49,798
Investment Maturity Date Apr. 30, 2026 Feb. 28, 2025
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — AMF Levered II, LLC Industry Financial Services Spread above Index S+705 Floor 1.00% Interest Rate 10.84% Acquisition Date 12/2021 Maturity Date 8/2028    
Schedule of Investments [Line Items]    
Spread above Index [3],[4] 705.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 1.00%  
Interest Rate [4],[5] 10.84%  
Acquisition Date Dec. 31, 2021  
Maturity Date Aug. 31, 2028  
Par Amount [4] $ 12,660  
Cost [4] 12,606  
Fair Value [4] $ 12,660  
Investment Maturity Date Aug. 31, 2028  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — AMF Levered II, LLC Industry Financial Services Spread above Index S+705 Floor 1.00% Interest Rate 10.98% Acquisition Date Maturity Date 08/2028    
Schedule of Investments [Line Items]    
Spread above Index [6],[7]   705.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   10.98%
Acquisition Date   Dec. 31, 2021
Maturity Date   Aug. 31, 2028
Par Amount [7]   $ 12,660
Cost [7]   12,601
Fair Value [7]   $ 12,660
Investment Maturity Date   Aug. 31, 2028
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — All State Ag Parts, LLC Industry Trading Companies & Distributors Spread above Index S+650 Floor 1.00% Interest Rate 10.43% Acquisition Date 09/2021 Maturity Date 09/2026    
Schedule of Investments [Line Items]    
Spread above Index [6],[7],[9]   650.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   10.43%
Acquisition Date   Sep. 30, 2021
Maturity Date   Sep. 30, 2026
Par Amount [7]   $ 5,004
Cost [7]   4,989
Fair Value [7]   $ 5,004
Investment Maturity Date   Sep. 30, 2026
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — All State Ag Parts, LLC Industry Trading Companies & Distributors Spread above Index S+650 Floor 1.00% Interest Rate 10.46% Acquisition Date 9/2021 Maturity Date 9/2026    
Schedule of Investments [Line Items]    
Spread above Index [3],[4],[10] 650.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 1.00%  
Interest Rate [4],[5] 10.46%  
Acquisition Date Sep. 30, 2021  
Maturity Date Sep. 30, 2026  
Par Amount [4] $ 4,997  
Cost [4] 4,988  
Fair Value [4] $ 4,997  
Investment Maturity Date Sep. 30, 2026  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Arcutis Biotherapeutics, Inc. Industry Pharmaceuticals Spread above Index S+595 Floor 2.50% Interest Rate 9.61% Acquisition Date 12/2021 Maturity Date 8/2029    
Schedule of Investments [Line Items]    
Spread above Index [3],[4],[11] 595.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4],[11] 2.50%  
Interest Rate [4],[5],[11] 9.61%  
Acquisition Date Dec. 31, 2021  
Maturity Date Aug. 31, 2029  
Par Amount [4],[11] $ 12,260  
Cost [4],[11] 12,945  
Fair Value [4],[11] $ 13,548  
Investment Maturity Date Aug. 31, 2029  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Arcutis Biotherapeutics, Inc. Industry Pharmaceuticals Spread above Index S+595 Floor 2.50% Interest Rate 9.79% Acquisition Date 12/2021 Maturity Date 08/2029    
Schedule of Investments [Line Items]    
Spread above Index [6],[7],[12]   595.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7],[12]   2.50%
Interest Rate [7],[8],[12]   9.79%
Acquisition Date   Dec. 31, 2021
Maturity Date   Aug. 31, 2029
Par Amount [7],[12]   $ 12,260
Cost [7],[12]   12,897
Fair Value [7],[12]   $ 13,498
Investment Maturity Date   Aug. 31, 2029
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Ardelyx, Inc. Industry Pharmaceuticals Spread above Index S+795 Floor 1.00% Interest Rate 11.64% Acquisition Date 2/2022 Maturity Date 7/2028    
Schedule of Investments [Line Items]    
Spread above Index [3],[4],[11] 795.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4],[11] 1.00%  
Interest Rate [4],[5],[11] 11.64%  
Acquisition Date Feb. 28, 2022  
Maturity Date Jul. 31, 2028  
Par Amount [4],[11] $ 6,035  
Cost [4],[11] 6,198  
Fair Value [4],[11] $ 6,156  
Investment Maturity Date Jul. 31, 2028  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Ardelyx, Inc. Industry Pharmaceuticals Spread above Index S+795 Floor 1.00% Interest Rate 11.81% Acquisition Date 02/2022 Maturity Date 07/2028    
Schedule of Investments [Line Items]    
Spread above Index [6],[7],[12]   795.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7],[12]   1.00%
Interest Rate [7],[8],[12]   11.81%
Acquisition Date   Feb. 28, 2022
Maturity Date   Jul. 31, 2028
Par Amount [7],[12]   $ 6,035
Cost [7],[12]   6,183
Fair Value [7],[12]   $ 6,137
Investment Maturity Date   Jul. 31, 2028
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — BayMark Health Services, Inc. Industry Health Care Providers & Services Spread above Index S+500 Floor 1.00% Interest Rate 8.93% Acquisition Date 06/2021 Maturity Date 06/2027    
Schedule of Investments [Line Items]    
Spread above Index [6],[7]   500.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   8.93%
Acquisition Date   Jun. 30, 2021
Maturity Date   Jun. 30, 2027
Par Amount [7]   $ 15,537
Cost [7]   15,493
Fair Value [7]   $ 14,760
Investment Maturity Date   Jun. 30, 2027
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — BayMark Health Services, Inc. Industry Health Care Providers & Services Spread above Index S+500 Floor 1.00% Interest Rate 8.96% Acquisition Date 6/2021 Maturity Date 6/2027    
Schedule of Investments [Line Items]    
Spread above Index [3],[4] 500.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 1.00%  
Interest Rate [4],[5] 8.96%  
Acquisition Date Jun. 30, 2021  
Maturity Date Jun. 30, 2027  
Par Amount [4] $ 15,537  
Cost [4] 15,500  
Fair Value [4] $ 14,760  
Investment Maturity Date Jun. 30, 2027  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — CC SAG Holdings Corp. (Spectrum Automotive) Industry Diversified Consumer Services Spread above Index S+525 Floor 0.75% Interest Rate 8.92% Acquisition Date 6/2021 Maturity Date 6/2028    
Schedule of Investments [Line Items]    
Spread above Index [3],[4] 525.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 0.75%  
Interest Rate [4],[5] 8.92%  
Acquisition Date Jun. 30, 2021  
Maturity Date Jun. 30, 2028  
Par Amount [4] $ 12,259  
Cost [4] 12,176  
Fair Value [4] $ 12,259  
Investment Maturity Date Jun. 30, 2028  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — CC SAG Holdings Corp. (Spectrum Automotive) Industry Diversified Consumer Services Spread above Index S+525 Floor 0.75% Interest Rate 8.97% Acquisition Date 06/2021 Maturity Date 06/2028    
Schedule of Investments [Line Items]    
Spread above Index [6],[7]   525.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   0.75%
Interest Rate [7],[8]   8.97%
Acquisition Date   Jun. 30, 2021
Maturity Date   Jun. 30, 2028
Par Amount [7]   $ 12,290
Cost [7]   12,199
Fair Value [7]   $ 12,290
Investment Maturity Date   Jun. 30, 2028
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Human Interest Inc. Industry Professional Services Spread above Index S+625 Floor 1.00% Interest Rate 10.12% Acquisition Date 06/2022 Maturity Date 07/2027    
Schedule of Investments [Line Items]    
Spread above Index [6],[7]   625.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   10.12%
Acquisition Date   Jun. 30, 2022
Maturity Date   Jul. 31, 2027
Par Amount [7]   $ 13,598
Cost [7]   13,670
Fair Value [7]   $ 13,734
Investment Maturity Date   Jul. 31, 2027
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Human Interest Inc. Industry Professional Services Spread above Index S+625 Floor 1.00% Interest Rate 9.92% Acquisition Date 6/2022 Maturity Date 7/2027    
Schedule of Investments [Line Items]    
Spread above Index [3],[4] 625.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 1.00%  
Interest Rate [4],[5] 9.92%  
Acquisition Date Jun. 30, 2022  
Maturity Date Jul. 31, 2027  
Par Amount [4] $ 13,598  
Cost [4] 13,702  
Fair Value [4] $ 13,768  
Investment Maturity Date Jul. 31, 2027  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Insight Borrower, LLC Industry Ground Transportation Spread above Index S+550 Floor 1.00% Interest Rate 9.17% Acquisition Date 10/2021 Maturity Date 1/2029    
Schedule of Investments [Line Items]    
Spread above Index [3] 550.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor 1.00%  
Interest Rate [5] 9.17%  
Acquisition Date Oct. 31, 2021  
Maturity Date Jan. 31, 2029  
Par Amount $ 2,381  
Cost 2,353  
Fair Value $ 2,381  
Investment Maturity Date Jan. 31, 2029  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Plastic Management, LLC Industry Health Care Providers & Services Spread above Index S+500 Floor 1.00% Interest Rate 8.67% Acquisition Date 08/2021 Maturity Date 08/2027    
Schedule of Investments [Line Items]    
Spread above Index [6],[7]   500.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   8.67%
Acquisition Date   Aug. 31, 2021
Maturity Date   Aug. 31, 2027
Par Amount [7]   $ 14,750
Cost [7]   14,681
Fair Value [7]   $ 14,750
Investment Maturity Date   Aug. 31, 2027
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Plastic Management, LLC Industry Health Care Providers & Services Spread above Index S+500 Floor 1.00% Interest Rate 8.70% Acquisition Date 8/2021 Maturity Date 8/2027    
Schedule of Investments [Line Items]    
Spread above Index [3],[4] 500.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 1.00%  
Interest Rate [4],[5] 8.70%  
Acquisition Date Aug. 31, 2021  
Maturity Date Aug. 31, 2027  
Par Amount [4] $ 14,711  
Cost [4] 14,653  
Fair Value [4] $ 14,711  
Investment Maturity Date Aug. 31, 2027  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — RQM+ Corp. Industry Life Sciences Tools & Services Spread above Index S+675\ Floor 1.00% Interest Rate 10.68% Acquisition Date 08/2021 Maturity Date 08/2029    
Schedule of Investments [Line Items]    
Spread above Index [6],[7],[13]   675.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   10.68%
Acquisition Date   Aug. 31, 2021
Maturity Date   Aug. 31, 2029
Par Amount [7]   $ 16,038
Cost [7]   15,922
Fair Value [7]   $ 14,434
Investment Maturity Date   Aug. 31, 2029
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — RQM+ Corp. Industry Life Sciences Tools & Services Spread above Index S+725 PIK Floor 1.00% Interest Rate 11.21% Acquisition Date 8/2021 Maturity Date 8/2029    
Schedule of Investments [Line Items]    
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 1.00%  
Interest Rate [4],[5] 11.21%  
Interest rate, paid in kind [3],[4] 725.00%  
Acquisition Date Aug. 31, 2021  
Maturity Date Aug. 31, 2029  
Par Amount [4] $ 17,067  
Cost [4] 16,958  
Fair Value [4] $ 13,653  
Investment Maturity Date Aug. 31, 2029  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Southern Orthodontic Partners Management, LLC Industry Health Care Providers & Services Spread above Index S+525 Floor 1.00% Interest Rate 8.93% Acquisition Date 06/2022 Maturity Date 07/2026    
Schedule of Investments [Line Items]    
Spread above Index [6],[7]   525.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   8.93%
Acquisition Date   Jun. 30, 2022
Maturity Date   Jul. 31, 2026
Par Amount [7]   $ 4,385
Cost [7]   4,377
Fair Value [7]   $ 4,385
Investment Maturity Date   Jul. 31, 2026
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — SunMed Group Holdings, LLC Industry Health Care Equipment & Supplies Spread above Index S+550 Floor 0.75% Interest Rate 9.27% Acquisition Date 6/2021 Maturity Date 6/2028    
Schedule of Investments [Line Items]    
Spread above Index [3],[4] 550.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 0.75%  
Interest Rate [4],[5] 9.27%  
Acquisition Date Jun. 30, 2021  
Maturity Date Jun. 30, 2028  
Par Amount [4] $ 7,429  
Cost [4] 7,381  
Fair Value [4] $ 7,429  
Investment Maturity Date Jun. 30, 2028  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — SunMed Group Holdings, LLC Industry Health Care Equipment & Supplies Spread above Index S+550 Floor 0.75% Interest Rate 9.44% Acquisition Date 06/2021 Maturity Date 06/2028    
Schedule of Investments [Line Items]    
Spread above Index [6],[7]   550.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   0.75%
Interest Rate [7],[8]   9.44%
Acquisition Date   Jun. 30, 2021
Maturity Date   Jun. 30, 2028
Par Amount [7]   $ 7,448
Cost [7]   7,395
Fair Value [7]   $ 7,448
Investment Maturity Date   Jun. 30, 2028
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — TAUC Management, LLC Industry Health Care Providers & Services Spread above Index S+700 Floor 1.00% Interest Rate 10.82% Acquisition Date 02/2021 Maturity Date 02/2027    
Schedule of Investments [Line Items]    
Spread above Index [6],[7],[14]   700.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   10.82%
Acquisition Date   Feb. 28, 2021
Maturity Date   Feb. 28, 2027
Par Amount [7]   $ 7,938
Cost [7]   7,912
Fair Value [7]   $ 6,747
Investment Maturity Date   Feb. 28, 2027
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — TAUC Management, LLC Industry Health Care Providers & Services Spread above Index S+700 PIK Floor 1.00% Interest Rate 10.82% Acquisition Date 2/2021 Maturity Date 2/2027    
Schedule of Investments [Line Items]    
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 1.00%  
Interest Rate [4],[5] 10.82%  
Interest rate, paid in kind [3],[4] 700.00%  
Acquisition Date Feb. 28, 2021  
Maturity Date Feb. 28, 2027  
Par Amount [4] $ 8,406  
Cost [4] 8,386  
Fair Value [4] $ 7,229  
Investment Maturity Date Feb. 28, 2027  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Tilley Distribution, Inc. Industry Trading Companies & Distributors Spread above Index S+600 Floor 1.00% Interest Rate 9.82% Acquisition Date 12/2021 Maturity Date 12/2026    
Schedule of Investments [Line Items]    
Spread above Index [6],[7]   600.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   9.82%
Acquisition Date   Dec. 31, 2021
Maturity Date   Dec. 31, 2026
Par Amount [7]   $ 11,743
Cost [7]   11,710
Fair Value [7]   $ 11,508
Investment Maturity Date   Dec. 31, 2026
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Tilley Distribution, Inc. Industry Trading Companies & Distributors Spread above Index S+600 Floor 1.00% Interest Rate 9.85% Acquisition Date 12/2021 Maturity Date 12/2026    
Schedule of Investments [Line Items]    
Spread above Index [3],[4] 600.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 1.00%  
Interest Rate [4],[5] 9.85%  
Acquisition Date Dec. 31, 2021  
Maturity Date Dec. 31, 2026  
Par Amount [4] $ 10,800  
Cost [4] 10,777  
Fair Value [4] $ 10,584  
Investment Maturity Date Dec. 31, 2026  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Transportation Insight, LLC Industry Ground Transportation Spread above Index S+550 Floor 1.00% Interest Rate 9.32% Acquisition Date 10/2021 Maturity Date 06/2027    
Schedule of Investments [Line Items]    
Spread above Index [6],[7],[15]   550.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   1.00%
Interest Rate [7],[8]   9.32%
Acquisition Date   Oct. 31, 2021
Maturity Date   Jun. 30, 2027
Par Amount [7]   $ 6,110
Cost [7]   6,083
Fair Value [7]   $ 5,499
Investment Maturity Date   Jun. 30, 2027
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Vapotherm, Inc. Industry Health Care Equipment & Supplies Spread above Index S+600 Floor 4.50% Interest Rate 10.50% Acquisition Date 02/2022 Maturity Date 09/2027    
Schedule of Investments [Line Items]    
Spread above Index [6],[16]   600.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [16]   4.50%
Interest Rate [8],[16]   10.50%
Acquisition Date   Feb. 28, 2022
Maturity Date   Sep. 30, 2027
Par Amount [16]   $ 4,828
Cost [16]   5,049
Fair Value [16]   $ 5,033
Investment Maturity Date   Sep. 30, 2027
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — Vapotherm, Inc. Industry Health Care Equipment & Supplies Spread above Index S+600 Floor 4.50% Interest Rate 10.50% Acquisition Date 2/2022 Maturity Date 9/2027    
Schedule of Investments [Line Items]    
Spread above Index [3],[17] 600.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [17] 4.50%  
Interest Rate [5],[17] 10.50%  
Acquisition Date Feb. 28, 2022  
Maturity Date Sep. 30, 2027  
Par Amount [17] $ 4,828  
Cost [17] 5,068  
Fair Value [17] $ 5,033  
Investment Maturity Date Sep. 30, 2027  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — iCIMS, Inc. Industry Software Spread above Index S+575 Floor 0.75% Interest Rate 9.42% Acquisition Date 8/2022 Maturity Date 8/2028    
Schedule of Investments [Line Items]    
Spread above Index [3],[4],[18] 575.00%  
Investment, Variable Interest Rate, Type [Extensible Enumeration] us-gaap:SecuredOvernightFinancingRateSofrMember  
Floor [4] 0.75%  
Interest Rate [4],[5] 9.42%  
Acquisition Date Aug. 31, 2022  
Maturity Date Aug. 31, 2028  
Par Amount [4] $ 14,580  
Cost [4] 14,466  
Fair Value [4] $ 14,580  
Investment Maturity Date Aug. 31, 2028  
Investment, Identifier [Axis]: Bank Debt/Senior Secured Loans — iCIMS, Inc. Industry Software Spread above Index S+575\ Floor 0.75% Interest Rate 9.61% Acquisition Date 08/2022 Maturity Date 08/2028    
Schedule of Investments [Line Items]    
Spread above Index [6],[7],[19]   575.00%
Investment, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:SecuredOvernightFinancingRateSofrMember
Floor [7]   0.75%
Interest Rate [7],[8]   9.61%
Acquisition Date   Aug. 31, 2022
Maturity Date   Aug. 31, 2028
Par Amount [7]   $ 14,580
Cost [7]   14,456
Fair Value [7]   $ 14,580
Investment Maturity Date   Aug. 31, 2028
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — Assertio Holdings, Inc. Common Stock Industry Pharmaceuticals Acquisition Date 07/2023    
Schedule of Investments [Line Items]    
Acquisition Date   Jul. 31, 2023
Shares [20],[21]   282
Cost [20],[21]   $ 17
Fair Value [20],[21]   $ 2
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — Assertio Holdings, Inc. Common Stock Industry Pharmaceuticals Acquisition Date 7/2023    
Schedule of Investments [Line Items]    
Acquisition Date Jul. 31, 2023  
Shares [22],[23] 282  
Cost [22],[23] $ 17  
Fair Value [22],[23] $ 5  
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — Centrexion Therapeutics, Inc. Warrants Industry Pharmaceuticals Acquisition Date 6/2019    
Schedule of Investments [Line Items]    
Acquisition Date Jun. 30, 2019 Jun. 30, 2019
Shares 56,483 [22] 56,483 [21]
Cost $ 27 [22] $ 27 [21]
Fair Value $ 4 [22] $ 4 [21]
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — Meditrina, Inc. Warrants Industry Health Care Equipment & Supplies Acquisition Date 12/2022    
Schedule of Investments [Line Items]    
Acquisition Date Dec. 31, 2022 Dec. 31, 2022
Shares 15,858 [22] 15,858 [21]
Cost $ 12 [22] $ 12 [21]
Fair Value $ 10 [22] $ 10 [21]
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — SLR-AMI Topco Blocker, LLC Industry Broadline Retail Acquisition Date 06/2023    
Schedule of Investments [Line Items]    
Acquisition Date   Jun. 30, 2023
Shares [16],[21],[24]   0
Cost [16],[21],[24]   $ 22,525
Fair Value [16],[21],[24]   $ 10,562
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — SLR-AMI Topco Blocker, LLC Industry Broadline Retail Acquisition Date 6/2023    
Schedule of Investments [Line Items]    
Acquisition Date Jun. 30, 2023  
Cost [17],[22],[25] $ 22,644  
Fair Value [17],[22],[25] $ 10,562  
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — Senseonics Holdings, Inc Common Stock Industry Health Care Equipment & Supplies Acquisition Date 07/2019    
Schedule of Investments [Line Items]    
Acquisition Date   Jul. 31, 2019
Shares [20],[21]   3,975
Cost [20],[21]   $ 23
Fair Value [20],[21]   $ 22
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — Senseonics Holdings, Inc Common Stock Industry Health Care Equipment & Supplies Acquisition Date 7/2019    
Schedule of Investments [Line Items]    
Acquisition Date Jul. 31, 2019  
Shares [11],[22],[23] 3,975  
Cost [11],[22],[23] $ 23  
Fair Value [11],[22],[23] $ 27  
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — TI TopCo Holdings, LLC Industry Ground Transportation Acquisition Date 1/2026    
Schedule of Investments [Line Items]    
Acquisition Date Jan. 31, 2026  
Shares [22] 8  
Cost [22] $ 0  
Fair Value [22] $ 0  
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — Veronica Holdings, LLC Industry Health Care Equipment & Supplies Acquisition Date 09/2024    
Schedule of Investments [Line Items]    
Acquisition Date   Sep. 30, 2024
Shares [16],[21]   102,711
Cost [16],[21]   $ 117
Fair Value [16],[21]   $ 224
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants — Veronica Holdings, LLC Industry Health Care Equipment & Supplies Acquisition Date 9/2024    
Schedule of Investments [Line Items]    
Acquisition Date Sep. 30, 2024  
Shares [17],[22] 102,711  
Cost [17],[22] $ 117  
Fair Value [17],[22] $ 224  
Investment, Identifier [Axis]: Preferred Equity — TI TopCo Holdings, LLC Interest Rate 10.00% PIK Acquisition Date 1/2026    
Schedule of Investments [Line Items]    
Interest rate, paid in kind 10.00%  
Acquisition Date Jan. 31, 2026  
Shares 11  
Cost $ 4,186  
Fair Value $ 3,469  
Investment, Identifier [Axis]: Preferred Equity — Veronica Holdings, LLC (Vapotherm) Industry Health Care Equipment & Supplies Interest Rate 9.00% PIK Acquisition Date 9/2024    
Schedule of Investments [Line Items]    
Interest rate, paid in kind [16]   9.00%
Acquisition Date   Sep. 30, 2024
Shares [16]   4,573,737
Cost [16]   $ 10,862
Fair Value [16]   $ 11,175
Investment, Identifier [Axis]: Preferred Equity — Veronica Holdings, LLC (Vapotherm) Interest Rate 9.00% PIK Acquisition Date 9/2024    
Schedule of Investments [Line Items]    
Interest rate, paid in kind [17] 9.00%  
Acquisition Date Sep. 30, 2024  
Shares [17] 4,573,737  
Cost [17] $ 11,155  
Fair Value [17] $ 11,426  
[1] Aggregate net unrealized depreciation for U.S. federal income tax purposes is $16,256; aggregate gross unrealized appreciation and depreciation for U.S. federal tax purposes is $2,845 and $19,101, respectively, based on a tax cost of $195,731. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. All investments are Level 3 unless otherwise indicated.
[2] Aggregate net unrealized depreciation for U.S. federal income tax purposes is $14,127; aggregate gross unrealized appreciation and depreciation for U.S. federal tax purposes is $2,904 and $17,031, respectively, based on a tax cost of $248,391. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. All investments are Level 3 unless otherwise indicated.
[3] Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR or PRIME rate. These instruments are often subject to a SOFR or PRIME rate floor.
[4] Indicates an investment that is wholly or partially held by the Company through its wholly-owned financing subsidiary SCP Private Credit Income BDC SPV LLC (the “SPV”). Such investments are pledged as collateral under the DB Facility (see Note 5 to the consolidated financial statements) and are not generally available to creditors, if any, of the Company.
[5] Floating rate debt investments typically bear interest at a rate determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S”) or the prime index rate (“PRIME” or “P”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of March 31, 2026.
[6] Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR or PRIME rate. These instruments are often subject to a SOFR or PRIME rate floor.
[7] Indicates an investment that is wholly or partially held by the Company through its wholly-owned financing subsidiary SCP Private Credit Income BDC SPV LLC (the “SPV”). Such investments are pledged as collateral under the DB Facility (see Note 5 to the consolidated financial statements) and are not generally available to creditors, if any, of the Company.
[8] Floating rate debt investments typically bear interest at a rate determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S”) or the prime index rate (“PRIME” or “P”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of December 31, 2025.
[9] Spread is S+600 Cash / 0.50% PIK.
[10] Spread is S+600 Cash / 0.50% PIK.
[11] Indicates assets that the Company believes may not represent “qualifying assets” under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). If the Company fails to invest a sufficient portion of its assets in qualifying assets, it could be prevented from making follow-on investments in existing portfolio companies or could be required to dispose of investments at inappropriate times in order to comply with the 1940 Act. As of March 31, 2026, on a fair value basis, non-qualifying assets in the Company’s portfolio represented 7.9% of the total assets of the Company.
[12] Indicates assets that the Company believes may not represent “qualifying assets” under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). If the Company fails to invest a sufficient portion of its assets in qualifying assets, it could be prevented from making follow-on investments in existing portfolio companies or could be required to dispose of investments at inappropriate times in order to comply with the 1940 Act. As of December 31, 2025, on a fair value basis, non-qualifying assets in the Company’s portfolio represented 7.7% of the total assets of the Company.
[13] Spread is S+200 Cash / 4.75% PIK.
[14] Spread is S+600 Cash/1.00% PIK.
[15] Spread is S+450 Cash / 1.00% PIK.
[16] Denotes investments in which the Company is an “Affiliated Person” but does not exercise a controlling influence, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 5% but less than 25% of the outstanding voting securities of the investment. Transactions during the year ended December 31, 2025 in these affiliated investments are as follows:

 

Name of Issuer

Fair Value at December 31, 2024

 

 

Gross Additions

 

 

Gross Reductions

 

 

Realized Gain (Loss)

 

 

Change in Unrealized Gain (Loss)

 

 

Fair Value at December 31, 2025

 

 

Interest/ Dividend Income

 

SLR-AMI Topco Blocker, LLC

$

11,240

 

 

$

1,339

 

 

$

—

 

 

$

—

 

 

$

(2,017

)

 

$

10,562

 

 

$

—

 

Vapotherm, Inc.

 

4,993

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(40

)

 

 

5,033

 

 

 

606

 

Veronica Holdings, LLC (Preferred Equity)

 

10,223

 

 

 

952

 

 

 

—

 

 

 

—

 

 

 

(156

)

 

 

11,175

 

 

 

1,108

 

Veronica Holdings, LLC (Common Equity)

 

224

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

224

 

 

 

—

 

 

$

26,680

 

 

$

2,291

 

 

$

—

 

 

$

—

 

 

$

(2,213

)

 

$

26,994

 

 

$

1,714

 

 

The change in fair value in the table above may not roll across due to the recognition of accretion income, which is included in interest income.
[17] Denotes investments in which the Company is an “Affiliated Person” but does not exercise a controlling influence, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 5% but less than 25% of the outstanding voting securities of the investment. Transactions during the three months ended March 31, 2026 in these affiliated investments are as follows:

 

Name of Issuer

 

Fair Value at
December 31,
2025

 

 

Gross
Additions

 

 

Gross
Reductions

 

 

Realized Gain
(Loss)

 

 

Change in Unrealized
Gain (Loss)

 

 

Fair Value at
March 31, 2026

 

 

Interest/ Dividend
Income

 

SLR-AMI Topco Blocker, LLC

 

$

10,562

 

 

$

118

 

 

$

—

 

 

$

—

 

 

$

(118

)

 

$

10,562

 

 

$

—

 

Vapotherm, Inc.

 

 

5,033

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(20

)

 

 

5,033

 

 

 

147

 

Veronica Holdings, LLC (Preferred Equity)

 

 

11,175

 

 

 

251

 

 

 

—

 

 

 

—

 

 

 

(42

)

 

 

11,426

 

 

293

 

Veronica Holdings, LLC (Common Equity)

 

 

224

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

224

 

 

 

—

 

 

 

$

26,994

 

 

$

369

 

 

$

—

 

 

$

—

 

 

$

(180

)

 

$

27,245

 

 

$

440

 

 

The change in fair value in the table above may not roll across due to the recognition of accretion income, which is included in interest income.
[18] Certain tranches have a spread of S+575 and certain tranches have a spread of S+625.
[19] Certain tranches have a spread of S+575 and certain tranches have a spread of S+625.
[20] Denotes a Level 1 investment.
[21] Non-income producing security.
[22]

† Non-income producing security.

[23] Denotes a Level 1 investment
[24] Through this entity and other intermediate entities, the Company owns approximately 5.0% of the underlying common units of ASC Holdco, LLC, a joint venture which owns certain assets of the former AmeriMark Interactive, LLC.
[25] Through this entity and other intermediate entities, the Company owns approximately 5.0% of the underlying common units of ASC Holdco, LLC, a joint venture which owns certain assets of the former AmeriMark Interactive, LLC.