Agreements and Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 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 months ended March 31, 2026 and 2025:


		For The Three Months Ended March 31,
		2026		2025
Base management fees		$815,591		$848,036
Waiver of base management fees		(455,783)		(74,143)
Income-based incentive fees		—		—
Waiver of income-based incentive fees		—		—
Capital gains fee		—		—
Allocation of administrative costs from Adviser		253,433		254,023
Total net expense to affiliates		$613,241		$1,027,916

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 March 31, 2026 and December 31, 2025:


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

Base management fees payable		$1,146,794		$786,986
Income-based incentive fees payable		351,571		351,571
Capital gains fee payable		—		—
Allocation of administrative costs from Adviser payable(1)		243,481		275,037
Total amount due to affiliates		$1,741,846		$1,413,594

(1)

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