Fair Value of Investments (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value of Investments [Abstract]

Schedule of Fair Value Hierarchy of Investments

The following table presents the fair value hierarchy of investments as of March 31, 2026:


		Fair Value Hierarchy as of March 31, 2026
Investments:		Level 1				Level 2				Level 3				Total
First-lien senior secured debt		$	—			$	1,012,739,979			$	—			$	1,012,739,979
Second-lien senior secured debt			—				52,349,550				—				52,349,550
Corporate Bonds			—				7,697,137				—				7,697,137
CLO Mezzanine			—				28,006,290				—				28,006,290
CLO Equity			—				4,379,728				—				4,379,728
Equity			—				8,099,959				—				8,099,959
Short Term Investments			41,363,891				—				—				41,363,891
Total Investments		$	41,363,891			$	1,113,272,643			$	—			$	1,154,636,534

The following table presents the fair value hierarchy of investments as of December 31, 2025:


		Fair Value Hierarchy as of December 31, 2025
Investments:		Level 1				Level 2				Level 3				Total
First-lien senior secured debt		$	—			$	1,014,924,713			$	—			$	1,014,924,713
Second-lien senior secured debt			—				59,868,971				—				59,868,971
Corporate Bonds			—				7,929,631				—				7,929,631
CLO Mezzanine			—				34,300,352				—				34,300,352
CLO Equity			—				6,087,607				—				6,087,607
Equity			—				7,812,775				—				7,812,775
Short Term Investments			72,716,269				—				—				72,716,269
Total Investments		$	72,716,269			$	1,130,924,049			$	—			$	1,203,640,318

Schedule of Changes in the Fair Value of Investments

The following table shows the changes in the fair value of the Company's Level 3 investments during the three months ended March 31, 2025.


	Equity
Fair value, beginning of period	$	-
Purchases of investments, net		6,886,857
Proceeds from principal payments and sales of investments, net		—
Net change in unrealized gain (loss)		(711,217	)
Net accretion of discount on investments		—
Transfers into (out of) Level 3		—
Fair value, end of period	$	6,175,640