Agreements and Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2026

Related Party Transactions [Abstract]

Summary of Related Party Transactions under the Advisory and Administration Agreements

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser for the three and six months ended June 30, 2026 and 2025:


		For The Three Months Ended June 30,				For The Six Months Ended June 30,
		2026		2025		2026		2025
Base management fees		$714,933		$851,734		$1,530,524		$1,699,770
Waiver of base management fees		(714,933)		(72,026)		(1,170,716)		(146,169)
Income-based incentive fees		(944)		(118,748)		(944)		(118,748)
Waiver of income-based incentive fees		—		—		—		—
Capital gains fee		—		—		—		—
Allocation of administrative costs from Adviser		16,226		227,874		269,659		481,897
Total net expense to affiliates		$15,282		$888,834		$628,523		$1,916,750

Schedule of Resulting from Transactions under the Advisory and Administration Agreements

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser as of June 30, 2026 and December 31, 2025:


		June 30, 2026		December 31, 2025
Due from affiliate		$—		$—
Total amount due from affiliate		$—		$—

Base management fees payable		$—		$786,986
Income-based incentive fees payable		238,897		239,841
Capital gains fee payable		—		—
Allocation of administrative costs from Adviser payable(1)		36,693		275,037
Total amount due to affiliates		$275,590		$1,301,864

(1)

Balances are reported within Accrued Expenses and Other Liabilities on the Unaudited Consolidated Statements of Assets and Liabilities.