v3.26.1
Consolidated Statement of Operations (Unaudited) - USD ($)
 3 Months Ended 4 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2026
From non-controlled / non-affiliated investments:        
Interest income $ 7,731,265 $ 2,610,566 $ 3,418,387 $ 17,113,708
Paid-in-kind interest income 106,197 9,047 10,566 220,217
Fee income 128,750 0 0 848,750
Total investment income from non-controlled / non-affiliated investments: 7,966,212 2,619,613 3,428,953 18,182,675
From non-controlled / affiliated investments:        
Interest income 427,041 0 0 427,041
Total investment income from non-controlled / affiliated investments: 427,041 0 0 427,041
Other interest income 43,708 228,407 266,836 71,919
Total investment income 8,436,961 2,848,020 3,695,789 18,681,635
Expenses:        
Interest expense 1,352,468 228,934 313,357 2,534,867
Base Management Fees 802,436 247,544 305,002 1,510,453
Income Incentive Fees 855,326 295,924 370,164 2,048,484
Capital Gains Incentive Fees (122,177) 212,085 209,823 (371,182)
Professional fees 263,671 264,547 403,643 502,768
Board of Trustees' fees 38,000 39,322 77,322 77,580
Administration fees 60,717 65,510 88,839 112,785
Reimbursement of organizational expenses paid by the Investment Adviser 103,462 0 0 103,462
Amortization of deferred offering costs 15,513 0 0 31,025
Other general and administrative expenses 98,520 29,335 39,851 152,568
Total expenses 3,467,936 1,383,201 1,808,001 6,702,810
Net investment income (loss) 4,969,025 1,464,819 1,887,788 11,978,825
Net realized and unrealized gain (loss) on investments        
Net change in unrealized gain (loss) on non-controlled / non-affiliated investments (1,240,281) 1,086,380 1,075,071 (2,485,305)
Net change in unrealized gain (loss) on non-controlled / affiliated investments (79,724) 0 0 (79,724)
Net realized and unrealized gain (loss) on investments (1,320,005) 1,086,380 1,075,071 (2,565,029)
Net increase (decrease) in net assets resulting from operations $ 3,649,020 $ 2,551,199 $ 2,962,859 $ 9,413,796