v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:        
Net increase (decrease) in net assets resulting from operations $ 16,551,807 $ 18,058,673 [1] $ 33,423,464 $ 27,247,948 [1]
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:        
Net change unrealized (appreciation) depreciation on derivative instruments (116,175) 371,995 (1,910,800) 1,053,020
Net change unrealized (appreciation) depreciation on foreign currency     1,826,647 (2,283,839)
Net realized (gain) loss on derivative instruments (1,233,836) 1,083,416 (1,233,836) 1,083,416
Net realized (gain) loss on foreign currency     (103,494) (15,059)
Payment-in-kind interest capitalized     (3,468,677) (2,631,524)
Net accretion of discount and amortization of premium     (4,090,010) (4,680,192)
Amortization of deferred financing costs 202,256 202,256 402,290 366,452
Amortization of offering costs 63,303 176,479 149,702 472,216
Purchases of investments     (188,244,351) (422,242,769)
Cash settlement of derivatives     1,343,492 (1,091,562)
Proceeds from sale of investments and principal repayments     192,197,490 189,395,914
Changes in operating assets and liabilities:        
Interest receivable     (205,446) (241,669)
Receivable for investments sold     (3,517,146) 1,707,440
Due from Advisor     0 74,454
Other assets     (3,153) (128,085)
Payable for investments purchased     (49,724,032) 30,912,337
Due to Advisor and affiliates     665,884 (4,157)
Management fee payable     268,806 373,717
Income incentive fee payable     72,431 660,937
Accrued capital gains incentive fee     (117,515) 90,495
Interest and credit facility fees payable     (415,212) 958,476
Accrued expenses and other liabilities     1,092,371 550,563
Net cash provided by (used in) operating activities     (19,206,612) (178,536,303)
Cash flows from financing activities:        
Proceeds from Secured Credit Facility     104,866,000 192,119,000
Repayment of Secured Credit Facility     (108,966,000) (77,700,000)
Deferred financing cost paid     (150,000) 0
Distributions paid in cash     (23,519,749) (13,158,684)
Deferred offering costs paid     (146,274) (260,304)
Proceeds from issuance of common shares     20,800,635 91,812,896
Redemptions paid in cash     (10,473,683) (14,875)
Net cash provided by (used in) financing activities     (17,589,071) 192,798,033
Net increase (decrease) in cash, cash equivalents and restricted cash     (36,795,683) 14,261,730
Cash, cash equivalents and restricted cash, beginning of period     92,657,563 37,743,294
Cash, cash equivalents and restricted cash, end of period 55,861,880 52,005,024 55,861,880 52,005,024
Supplemental information and non-cash activities:        
Cash paid for interest     13,741,904 12,308,504
Reinvestment of distributions     36,402,732 28,974,325
Accrued but unpaid deferred offering cost     78,061 47,849
Non-controlled/Non-affiliated Investments [Member]        
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:        
Net change unrealized (appreciation) depreciation on investments 1,183,880 (2,239,282) 1,760,016 1,673,696
Net realized (gain) loss on investments (464,393) (498,490) (711,109) (1,838,528)
Non-controlled/affiliated [Member]        
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:        
Net change unrealized (appreciation) depreciation on investments 149,045 0 149,045 0
Controlled/affiliated Investments [Member]        
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:        
Net change unrealized (appreciation) depreciation on investments $ 594,975 $ 0 $ 1,186,531 $ 0
[1] There were no Class D shares outstanding during the three and six months ended June 30, 2025.