v3.26.3
Statements of Assets and Liabilities - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Investments, at fair value:    
Total investments $ 170,175,267 $ 210,055,893
Cash and cash equivalents 44,591,985 47,184,002
Interest receivable 1,199,088 2,037,974
Receivable for investments sold 0 2,789,621
Prepaid expenses and other assets 2,789,904 56,815
Total assets 218,756,244 262,124,305
Liabilities    
Management fees payable 437,895 527,482
Reimbursements due to the Advisor 130,764 59,187
Debt (net of deferred issuance costs of $13,138 and $13,543, respectively) 96,862 96,457
Interest and debt related payables 3,300 0
Accrued expenses and other liabilities 735,434 495,946
Total liabilities 1,404,255 1,179,072
Commitments and contingencies (Note 5)
Net assets 217,351,989 260,945,233
Composition of net assets applicable to common shareholders    
Common stock, $0.001 par value; 300,000,000 shares authorized, 29,173,775 and 29,173,775 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 29,175 29,175
Paid-in capital in excess of par 271,132,706 300,408,295
Distributable earnings (loss) (53,809,892) (39,492,237)
Total net assets 217,351,989 260,945,233
Total liabilities and net assets $ 218,756,244 $ 262,124,305
Net assets per share $ 7.45 $ 8.94
Non-Controlled, Non-Affiliated Investments    
Investments, at fair value:    
Total investments $ 170,175,267 $ 210,055,893