v3.26.1
Fair Value of Financial Instruments - Significant Level 3 Inputs (Details)
Jun. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 19,858,407 [1],[2] $ 29,768,535 [3],[4],[5]
Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 18,728,541 24,999,404
Level 3 | Discounted cash flow | Discount rates | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 6,815,737 11,840,807
Level 3 | Discounted cash flow | Discount rates | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 3,189,670 625,122
Level 3 | Discounted cash flow | Discount rates | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 3,257,083 [6] $ 5,227,081 [7]
Level 3 | Discounted cash flow | Discount rates | Minimum | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.0945 [8] 0.0861 [9]
Level 3 | Discounted cash flow | Discount rates | Minimum | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.1172 [8] 0.137 [9]
Level 3 | Discounted cash flow | Discount rates | Minimum | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.0994 [6],[8] 0.0994 [7],[9]
Level 3 | Discounted cash flow | Discount rates | Maximum | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.425 [8] 0.375 [9]
Level 3 | Discounted cash flow | Discount rates | Maximum | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.2897 [8] 0.137 [9]
Level 3 | Discounted cash flow | Discount rates | Maximum | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.65 [6],[8] 0.325 [7],[9]
Level 3 | Discounted cash flow | Discount rates | Weighted Average | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.1619 [8] 0.139 [9]
Level 3 | Discounted cash flow | Discount rates | Weighted Average | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.1626 [8] 0.137 [9]
Level 3 | Discounted cash flow | Discount rates | Weighted Average | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.4267 [6],[8] 0.1945 [7],[9]
Level 3 | Discounted cash flow | Constant default rate | Minimum | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.02 [6],[8] 0.02 [7],[9]
Level 3 | Discounted cash flow | Constant default rate | Maximum | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.02 [6],[8] 0.02 [7],[9]
Level 3 | Discounted cash flow | Constant default rate | Weighted Average | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.02 [6],[8] 0.02 [7],[9]
Level 3 | Discounted cash flow | Recovery rate | Minimum | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.65 [6],[8] 0.65 [7],[9]
Level 3 | Discounted cash flow | Recovery rate | Maximum | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.65 [6],[8] 0.65 [7],[9]
Level 3 | Discounted cash flow | Recovery rate | Weighted Average | Subordinated notes    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.65 [6],[8] 0.65 [7],[9]
Level 3 | Market approach | EBITDA multiples | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 2,765,191 $ 912,400
Level 3 | Market approach | EBITDA multiples | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 9,587 84,171
Level 3 | Market approach | EBITDA multiples | Preferred equity investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value 36,830 36,265
Level 3 | Market approach | EBITDA multiples | Common equity and warrant investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 797,637 $ 624,731
Level 3 | Market approach | EBITDA multiples | Minimum | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 7 [8] 7.5 [9]
Level 3 | Market approach | EBITDA multiples | Minimum | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 6.25 [8] 9 [9]
Level 3 | Market approach | EBITDA multiples | Minimum | Preferred equity investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 7.25 [8] 7.25 [9]
Level 3 | Market approach | EBITDA multiples | Minimum | Common equity and warrant investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 6 [8] 6.25 [9]
Level 3 | Market approach | EBITDA multiples | Maximum | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 9.23 [8] 7.5 [9]
Level 3 | Market approach | EBITDA multiples | Maximum | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 6.25 [8] 9 [9]
Level 3 | Market approach | EBITDA multiples | Maximum | Preferred equity investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 7.25 [8] 7.25 [9]
Level 3 | Market approach | EBITDA multiples | Maximum | Common equity and warrant investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 13.75 [8] 14.75 [9]
Level 3 | Market approach | EBITDA multiples | Weighted Average | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 7.77 [8] 7.5 [9]
Level 3 | Market approach | EBITDA multiples | Weighted Average | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 6.25 [8] 9 [9]
Level 3 | Market approach | EBITDA multiples | Weighted Average | Preferred equity investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 7.25 [8] 7.25 [9]
Level 3 | Market approach | EBITDA multiples | Weighted Average | Common equity and warrant investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 9.47 [8] 9.97 [9]
Level 3 | Market approach | Revenue Multiple | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 466,652 $ 959,770
Level 3 | Market approach | Revenue Multiple | Minimum | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.93 [8] 0.9 [9]
Level 3 | Market approach | Revenue Multiple | Maximum | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.93 [8] 0.9 [9]
Level 3 | Market approach | Revenue Multiple | Weighted Average | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investments, at fair value, measurement input 0.93 [8] 0.9 [9]
Level 3 | Market approach | Transaction Price | First Lien Debt Investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value $ 1,390,154 $ 3,316,557
Level 3 | Market approach | Transaction Price | Second lien debt investments    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair Value   $ 1,372,500
[1] Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Rule 6-03(f) of Regulation S-X or Rule 144 of the Securities Act.
[2] Unless otherwise noted in footnote 9, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[3] Investments pledged as collateral under the Banc of California Credit Facility.
[4] The Company's investments are generally classified as “restricted securities” as such term is defined under Rule 6-03(f) of Regulation S-X or Rule 144 of the Securities Act. Equity ownership may be held in shares or units of companies affiliated with the portfolio company.
[5] Unless otherwise noted in footnote 9, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[6] The cash flows utilized in the discounted cash flow calculations assume: (i) liquidation of (a) certain distressed investments and (b) all investments currently in default held by the issuing CLO at their current market prices; and (ii) redeployment of proceeds at the issuing CLO’s assumed reinvestment rate.
[7] The cash flows utilized in the discounted cash flow calculations assume: (i) liquidation of (a) certain distressed investments and (b) all investments currently in default held by the issuing CLO at their current market prices; and (ii) redeployment of proceeds at the issuing CLO’s assumed reinvestment rate.
[8] Weighted average is calculated based on the fair value of investments.
[9] Weighted average is calculated based on the fair value of investments.