v3.26.1
Investments (Additional Information) (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
Item
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Item
Investments      
Investments fair value $ 402,522,665   $ 407,509,401
Transfers into Level 3 18,235,494 $ 20,751,144  
Transferred out of Level 3 21,948,775 9,623,013  
Change in unrealized value attributable to investments still held $ (2,357,457) $ (844,667)  
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Debt and Equity Securities, Gain (Loss)    
Number of Investments with Aggregate Fair Value | Item 338   330
Market Value $ 402,522,665 [1],[2],[3],[4],[5],[6],[7],[8]   $ 407,509,401 [9],[10],[11],[12],[13],[14],[15],[16]
Number of new investments | Item 27   131
Amount of investments in new investments $ 9,422,440   $ 69,991,371
Amount of investments in existing investments 5,035,492   29,815,992
Proceeds from Repayments of Investments 11,604,044   93,080,214
Amount received from repayments from investments sold $ 2,355,369   $ 3,442,917
Investments in number of portfolio companies | Item 268   268
Investments in number of states | Item 41   41
Investments In Number Of Different nr Industries | Item 25   26
Number of largest investments | Item 5   5
Fair value of largest investments $ 24,742,734   $ 24,608,687
Largest investments, percentage on total portfolio investments' 6.15%   6.04%
Average Investment at Cost $ 1,246,649   $ 1,273,903
Other Investment Not Readily Marketable, Quoted Value 25,000   1,953,399
Unobservable inputs      
Investments      
Investments fair value 324,005,621   329,667,609
Level 2      
Investments      
Investments fair value 78,517,044   77,841,792
Observable inputs      
Investments      
Investments fair value $ 78,517,044   $ 77,841,792
[1] All companies are located in the United States of America, unless otherwise noted.
[2] All investments acquired in transactions are exempt from registration under the Securities Act of 1933 (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act.
[3] All investments are qualifying assets under Section 55(a) of the Investment Company Act of 1940, as amended (the "1940 Act") unless otherwise noted.
[4] All loans are income-producing, unless otherwise noted.
[5] As defined in 1940 Act, the Company is not deemed to be an “Affiliated Person” of or “Control” this portfolio company because it neither owns 5% or more of the portfolio company’s outstanding voting securities nor has the power to exercise control over the management or policies of such portfolio company (including through a management agreement).
[6] Interest rate percentages represent actual interest rates as of March 31, 2026, which are indexed to the noted reference rate. The referenced rates are subject to interest floors which can vary based on contractual agreements with the borrower.
[7] Represents an investment in APD MA Equity Blocker, L.P., a holding company, made through an affiliated equity aggregator vehicle.
[8] Unless indicated otherwise, all of our investments are valued using Level 3 inputs within the FASB Accounting Standard Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”) fair value hierarchy. Refer to Note 3 – Investments in the accompanying Notes to Consolidated Financial Statements for additional information
[9] All companies are located in the United States of America, unless otherwise noted.
[10] All investments acquired in transactions are exempt from registration under the Securities Act of 1933 (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act.
[11] All investments are qualifying assets under Section 55(a) of the Investment Company Act of 1940, as amended (the "1940 Act") unless otherwise noted.
[12] All loans are income-producing, unless otherwise noted.
[13] As defined in 1940 Act, the Company is not deemed to be an “Affiliated Person” of or “Control” this portfolio company because it neither owns 5% or more of the portfolio company’s outstanding voting securities nor has the power to exercise control over the management or policies of such portfolio company (including through a management agreement).
[14] At December 31, 2025, the cost of investments for income tax purposes was $420,039,897, the gross unrealized depreciation for federal tax purposes was $18,605,180, the gross unrealized appreciation for federal income tax purposes was $6,074,684, and the net unrealized depreciation was $12,530,496.
[15] Interest rate percentages represent actual interest rates as of December 31, 2025, which are indexed to the noted reference rate. The referenced rates are subject to interest floors which can vary based on contractual agreements with the borrower.
[16] Unless indicated otherwise, all of our investments are valued using Level 3 inputs within the FASB Accounting Standard Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”) fair value hierarchy. Refer to Note 3 – Investments in the accompanying Notes to Consolidated Financial Statements for additional information.