v3.26.1
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Non-controlled investments, at fair value $ 419,527,201 $ 400,131,924
Cash and cash equivalents 4,743,164 2,586,895
Other receivable 94,951  
Interest receivable 1,604,128 1,765,379
Expense reimbursement receivable from the Advisor (Note 2) 31,822 2,580
Deferred offering costs 36,097 60,993
Prepaid expenses 96,446 13,632
Receivable for sales and repayments of investments 1,320,742 165,651
Total Assets 427,454,551 404,727,054
LIABILITIES    
Credit Facilities payable 213,126,583 200,281,671
Related party payable 10,310  
Unearned revenue 1,056,236 1,207,706
Management fees payable 1,009,641 908,154
Income incentive fee payable 498,025 544,620
Capital gains incentive fee payable 720,247 527,603
Interest payable 776,186 865,205
Administrative services payable 193,755 189,715
Income tax payable 61,800 126,348
Deferred tax liability 708,155 338,611
Other accrued expenses and liabilities 150,221 110,706
Total Liabilities 218,311,159 205,100,339
Commitments and contingencies (Note 7)
Net Assets 209,143,392 199,626,715
NET ASSETS    
Common shares of beneficial interest, par value $0.01 per share (unlimited shares authorized; 13,716,206 and 13,121,397 issued and outstanding, respectively) 137,162 131,214
Paid-in capital 204,932,861 195,935,870
Total distributable earnings 4,073,369 3,559,631
Net Assets 209,143,392 199,626,715
Total Liabilities and Net Assets $ 427,454,551 $ 404,727,054
Net Asset Value Per Share $ 15.25 $ 15.21
Non-controlled, affiliated investments    
ASSETS    
Non-controlled investments, at fair value $ 12,323,944  
Non-controlled, non-affiliated investments    
ASSETS    
Non-controlled investments, at fair value $ 407,203,257 $ 400,131,924