v3.26.1
Consolidated Schedule of Investments (Unaudited) - Transactions Related to Investments in Non-controlled Affiliated Investments - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance $ 172,658,862    
Net realized gains (losses) 19,335 $ (1,627,282)  
Net Unrealized Gains (Losses) (8,833,079) 3,230,048  
Investment at Fair Value, Ending Balance 151,419,307   $ 172,658,862
Amount of Interest or Dividends Credited to Income 61,659 81,607  
Investment, Identifier [Axis]: Investment in non-controlled, Affiliated Investment      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance 12,673,145 0 0
Gross Additions 280,401 [1]   12,870,046 [2]
Gross Reductions 0 [3]   0 [4]
Net realized gains (losses) 0   0
Net Unrealized Gains (Losses) (1,541,879)   (196,901)
Investment at Fair Value, Ending Balance 11,411,667   12,673,145
Amount of Interest or Dividends Credited to Income 199,083 [5]   661,789 [6]
Investment, Identifier [Axis]: Investment in non-controlled, Affiliated Investments, American Nuts Holdings, LLC, Class A Units      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance 928,035 [7] 0 0
Gross Additions 0 [1],[7]   2,204,980 [2]
Gross Reductions 0 [3],[7]   0 [4]
Net realized gains (losses) 0 [7]   0
Net Unrealized Gains (Losses) (149,924) [7]   (1,276,945)
Investment at Fair Value, Ending Balance [7] 778,111   928,035
Amount of Interest or Dividends Credited to Income $ 0 [5],[7]   $ 0 [6]
Investment, Identifier [Axis]: Investment in non-controlled, Affiliated Investments, American Nuts Holdings, LLC, Senior Secured First Lien Debt - T/L-A (3M S + 8.50% PIK (1.00% Floor)      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, PIK 8.50% [8]   8.50% [9]
Interest Rate, Floor 1.00% [8]   1.00% [9]
Investment at Fair Value, Beginning Balance $ 1,867,369 0 $ 0
Gross Additions 65,717 [1]   2,013,336 [2]
Gross Reductions 0 [3]   0 [4]
Net realized gains (losses) 0   0
Net Unrealized Gains (Losses) (4,765)   (145,967)
Investment at Fair Value, Ending Balance 1,928,321   1,867,369
Amount of Interest or Dividends Credited to Income $ 63,983 [5]   $ 193,936 [6]
Investment, Identifier [Axis]: Investment in non-controlled, Affiliated Investments, American Nuts Holdings, LLC, Senior Secured First Lien Debt - T/L-B (3M S + 8.50% PIK (1.00% Floor)      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, PIK 8.50% [8]   8.50% [9]
Interest Rate, Floor 1.00% [8]   1.00% [9]
Investment at Fair Value, Beginning Balance $ 1,827,102 0 $ 0
Gross Additions 65,717 [1]   2,013,336 [2]
Gross Reductions 0 [3]   0 [4]
Net realized gains (losses) 0   0
Net Unrealized Gains (Losses) (6,079)   (186,234)
Investment at Fair Value, Ending Balance 1,886,740   1,827,102
Amount of Interest or Dividends Credited to Income $ 63,983 [5]   193,936 [6]
Investment, Identifier [Axis]: Investment in non-controlled, Affiliated Investments, American Nuts Holdings, LLC, Senior Secured First Lien Debt - T/L-C (3M S + 8.50% PIK (1.00% Floor)      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]    
Interest Rate, PIK [8] 8.50%    
Interest Rate, Floor [8] 1.00%    
Investment at Fair Value, Beginning Balance $ 0    
Gross Additions [1] 79,145    
Gross Reductions [3] 0    
Net realized gains (losses) 0    
Net Unrealized Gains (Losses) (0)    
Investment at Fair Value, Ending Balance 79,145   0
Amount of Interest or Dividends Credited to Income [5] 0    
Investment, Identifier [Axis]: Investment in non-controlled, Affiliated Investments, Crafty Apes, LLC, Common Stock      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance 5,924,664 [7] 0 0
Gross Additions 0 [1],[7]   4,504,410 [2]
Gross Reductions 0 [3],[7]   0 [4]
Net realized gains (losses) 0 [7]   0
Net Unrealized Gains (Losses) (1,342,802) [7]   1,420,254
Investment at Fair Value, Ending Balance [7] 4,581,862   5,924,664
Amount of Interest or Dividends Credited to Income $ 0 [5],[7]   $ 0 [6]
Investment, Identifier [Axis]: Investment in non-controlled, Affiliated Investments, Crafty Apes, LLC, Senior Secured First Lien Debt - Second Out Investment (1M S + 6.50% PIK (1.00% Floor)      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   One Month SOFR [Member]
Interest Rate, PIK 6.50% [8]   6.50% [9]
Interest Rate, Floor 1.00% [8]   1.00% [9]
Investment at Fair Value, Beginning Balance $ 2,125,975 $ 0 $ 0
Gross Additions 69,822 [1]   2,133,984 [2]
Gross Reductions 0 [3]   0 [4]
Net realized gains (losses) 0   0
Net Unrealized Gains (Losses) (38,309)   (8,009)
Investment at Fair Value, Ending Balance 2,157,488   2,125,975
Amount of Interest or Dividends Credited to Income 71,117 [5]   273,917 [6]
Investment, Identifier [Axis]: Non-Controlled/Affiliated Investments, Equity, Warrants and Other Investments, Consumer Staples Distribution & Retail, American Nuts Holdings, LLC Class A Units, Initial Acquisition Date 3/28/2025      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13] 928,035    
Investment at Fair Value, Ending Balance 778,111 [14],[15],[16],[17],[18],[19]   928,035 [10],[11],[12],[13]
Investment, Identifier [Axis]: Non-Controlled/Affiliated Investments, Equity, Warrants and Other Investments, Entertainment, Crafty Apes LLC - Common Stock, Initial Acquisition Date 11/20/2024      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13] 5,924,664    
Investment at Fair Value, Ending Balance $ 4,581,862 [14],[15],[16],[17],[18],[19]   $ 5,924,664 [10],[11],[12],[13]
Investment, Identifier [Axis]: Non-Controlled/Affiliated Investments, Senior Secured First Lien Debt Investments, Consumer Staples Distribution & Retail, American Nuts Holdings, LLC Term Loan A, Interest Rate 3M S + 8.50% PIK (1.00% Floor), Maturity Date 3/28/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, PIK 8.50% [14],[15],[16],[17],[19],[20],[21],[22]   8.50% [10],[11],[13],[23]
Interest Rate, Floor 1.00% [14],[15],[16],[17],[19],[20],[21],[22]   1.00% [10],[11],[13],[23]
Investment at Fair Value, Beginning Balance [10],[11],[13],[23] $ 1,867,369    
Investment at Fair Value, Ending Balance $ 1,886,740 [14],[15],[16],[17],[19],[20],[21],[22]   $ 1,867,369 [10],[11],[13],[23]
Investment, Identifier [Axis]: Non-Controlled/Affiliated Investments, Senior Secured First Lien Debt Investments, Consumer Staples Distribution & Retail, American Nuts Holdings, LLC Term Loan B, Interest Rate 3M S + 8.50% PIK (1.00% Floor), Maturity Date 3/28/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, PIK 8.50% [14],[15],[16],[17],[19],[20],[21],[22]   8.50% [10],[11],[13],[23]
Interest Rate, Floor 1.00% [14],[15],[16],[17],[19],[20],[21],[22]   1.00% [10],[11],[13],[23]
Investment at Fair Value, Beginning Balance [10],[11],[13],[23] $ 1,827,102    
Investment at Fair Value, Ending Balance $ 1,928,321 [14],[15],[16],[17],[19],[20],[21],[22]   $ 1,827,102 [10],[11],[13],[23]
Investment, Identifier [Axis]: Non-Controlled/Affiliated Investments, Senior Secured First Lien Debt Investments, Consumer Staples Distribution & Retail, American Nuts Holdings, LLC Term Loan C, Interest Rate 3M S + 8.50% PIK (1.00% Floor), Maturity Date 12/31/1899      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]    
Interest Rate, PIK [14],[15],[17],[19],[20],[22] 8.50%    
Interest Rate, Floor [14],[15],[17],[19],[20],[22] 1.00%    
Investment at Fair Value, Ending Balance [14],[15],[17],[19],[20],[22] $ 79,145    
Investment, Identifier [Axis]: Non-Controlled/Affiliated Investments, Senior Secured First Lien Debt Investments, Entertainment, Crafty Apes, LLC Term Loan - Second Out, Interest Rate 1M S + 6.50% PIK (1.00% Floor), Maturity Date 6/1/2027      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   One Month SOFR [Member]
Interest Rate, PIK 6.50% [14],[15],[16],[17],[19],[20],[24],[25]   6.50% [10],[11],[13],[23]
Interest Rate, Floor 1.00% [14],[15],[16],[17],[19],[20],[24],[25],[26]   1.00% [10],[11],[13],[23]
Investment at Fair Value, Beginning Balance [10],[11],[13],[23] $ 2,125,975    
Investment at Fair Value, Ending Balance 2,157,488 [14],[15],[16],[17],[19],[20],[25],[26]   $ 2,125,975 [10],[11],[13],[23]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Automobile Components, Techniplas Foreign Holdco LP - Class C Preferred Units, Initial Acquisition Date 12/5/2024      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[23],[27] 75,644    
Investment at Fair Value, Ending Balance 74,749 [15],[17],[18],[19],[21]   75,644 [10],[11],[12],[13],[23],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Automobile Components, Techniplas Foreign Holdco LP - Equity Interest, Initial Acquisition Date 6/19/2020      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[23],[27] 8,092    
Investment at Fair Value, Ending Balance 6,333 [15],[17],[18],[19],[21]   8,092 [10],[11],[12],[13],[23],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Commercial Services & Supplies, ArborWorks, LLC A-1 - Common Units, Initial Acquisition Date 11/24/2021      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 0    
Investment at Fair Value, Ending Balance 0 [15],[17],[18],[19],[26]   0 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Commercial Services & Supplies, ArborWorks, LLC A-1 - Preferred Units, Initial Acquisition Date 11/24/2021      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 4,670,813    
Investment at Fair Value, Ending Balance 7,983,422 [15],[17],[18],[19],[26]   4,670,813 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Commercial Services & Supplies, ArborWorks, LLC B-1 - Preferred Units, Initial Acquisition Date 11/24/2021      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 0    
Investment at Fair Value, Ending Balance 0 [15],[17],[18],[19],[26]   0 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Containers & Packaging, Bioplan USA, Inc. - Common Stock, Initial Acquisition Date 3/8/2023      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 4,949,021    
Investment at Fair Value, Ending Balance 4,934,414 [15],[17],[18],[19],[26]   4,949,021 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Electronic Equipment, Instruments & Components, 4L Technologies, Inc. - Common Stock, Initial Acquisition Date 2/4/2020      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 1,499    
Investment at Fair Value, Ending Balance 1,499 [15],[17],[18],[19],[26]   1,499 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Electronic Equipment, Instruments & Components, 4L Technologies, Inc. - Preferred Stock, Initial Acquisition Date 5/28/2020      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 58,830    
Investment at Fair Value, Ending Balance 105,779 [15],[17],[18],[19],[26]   58,830 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Electronic Equipment, Instruments & Components, 4L Technologies, Inc. - Preferred Stock, Initial Acquisition Date 7/2/2025      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 95,422    
Investment at Fair Value, Ending Balance $ 171,544 [15],[17],[18],[19],[26]   $ 95,422 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Health Care Providers & Services, Discovery Behavioral Health, LLC - Preferred Equity, Interest Rate +13.50% PIK, Initial Acquisition Date 10/10/2023      
Schedule of Investments [Line Items]      
Interest Rate, PIK 13.50% [15],[17],[18],[19],[26]   13.50% [10],[11],[12],[13],[27]
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] $ 7,000,000    
Investment at Fair Value, Ending Balance 0 [15],[17],[18],[19],[26]   $ 7,000,000 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, IT Services, FWS Parent Holding, LLC - Equity Interest, Initial Acquisition Date 10/3/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 94,581    
Investment at Fair Value, Ending Balance 89,515 [15],[17],[18],[19],[26]   94,581 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, IT Services, Fusion Connect, Inc - Equity Investor Warrants, Initial Acquisition Date 1/18/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 0    
Investment at Fair Value, Ending Balance 0 [15],[17],[18],[19],[26]   0 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, IT Services, Fusion Connect, Inc. - Backstop Warrants, Initial Acquisition Date 1/12/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 0    
Investment at Fair Value, Ending Balance 0 [15],[17],[18],[19],[26]   0 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, IT Services, Fusion Connect, Inc. - Common Stock, Initial Acquisition Date 1/18/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 0    
Investment at Fair Value, Ending Balance 0 [15],[17],[18],[19],[26]   0 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, IT Services, Fusion Connect, Inc. - Investor Warrants, Initial Acquisition Date 1/12/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 0    
Investment at Fair Value, Ending Balance $ 0 [15],[17],[18],[19],[26]   $ 0 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, IT Services, Fusion Connect, Inc. - Series A Preferred, Interest Rate + 12.50% PIK, Initial Acquisition Date 1/12/2022      
Schedule of Investments [Line Items]      
Interest Rate, PIK 12.50% [15],[17],[19],[26],[28]   12.50% [10],[11],[12],[13],[29]
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[29] $ 4,148,090    
Investment at Fair Value, Ending Balance 2,160,765 [15],[17],[19],[26],[28]   $ 4,148,090 [10],[11],[12],[13],[29]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Professional Services, CF Arch Holdings LLC - Equity Interest Initial Acquisition Date 8/11/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 348,000    
Investment at Fair Value, Ending Balance 406,000 [15],[17],[18],[19],[26]   348,000 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Professional Services, Victors CCC Aggregator LP - Equity Interest, Initial Acquisition Date 5/27/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 825,000    
Investment at Fair Value, Ending Balance 845,000 [15],[17],[18],[19],[26],[30]   825,000 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Professional Services, Work Genius, LLC - A-1 Equity Units, Initial Acquisition Date 3/31/2025      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 216,707    
Investment at Fair Value, Ending Balance 206,165 [15],[17],[18],[19],[26]   216,707 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Professional Services, Work Genius, LLC - Equity Interest, Initial Acquisition Date 6/6/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 117,480    
Investment at Fair Value, Ending Balance 111,765 [15],[17],[18],[19],[26]   117,480 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Software, AppLogic Networks Parent LLC - Equity Interest, Initial Acquisition Date 3/3/2025      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 2,636,600    
Investment at Fair Value, Ending Balance 2,861,628 [15],[17],[18],[19],[26]   2,636,600 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Equity, Warrants and Other Investments, Trading Companies & Distributors, Pegasus Aggregator Holdings LP - Equity Interest, Initial Acquisition Date 2/28/2022      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[12],[13],[27] 1,119,598    
Investment at Fair Value, Ending Balance $ 1,125,542 [15],[17],[18],[19],[26],[30]   $ 1,119,598 [10],[11],[12],[13],[27]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Automobile Components, Techniplas Foreign Holdco LP Exit Term Loan, Interest Rate 10.00% PIK, Maturity Date 6/18/2027      
Schedule of Investments [Line Items]      
Interest Rate, PIK 10.00% [15],[17],[19],[28]   10.00% [10],[11],[13],[29],[31]
Investment at Fair Value, Beginning Balance [10],[11],[13],[29],[31] $ 747,080    
Investment at Fair Value, Ending Balance $ 714,655 [15],[17],[19],[28]   $ 747,080 [10],[11],[13],[29],[31]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Automobile Components, Techniplas Foreign Holdco LP Term Loan, Interest Rate 17.00% PIK, Maturity Date 12/19/2026      
Schedule of Investments [Line Items]      
Interest Rate, PIK 17.00% [15],[17],[19],[28]   17.00% [10],[11],[13],[29],[31]
Investment at Fair Value, Beginning Balance [10],[11],[13],[29],[31] $ 978,270    
Investment at Fair Value, Ending Balance $ 941,505 [15],[17],[19],[28]   $ 978,270 [10],[11],[13],[29],[31]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Commercial Services & Supplies, Arborworks Acquisition LLC - Reinstated Take Back Term Loan, Interest Rate 1M S + 6.50% PIK (1.00% Floor), Maturity Date 11/6/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   One Month SOFR [Member]
Interest Rate, PIK 6.50% [14],[15],[17],[19],[20]   6.50% [10],[11],[13],[31],[32]
Interest Rate, Floor 1.00% [14],[15],[17],[19],[20]   1.00% [10],[11],[13],[31],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[31],[32] $ 2,375,727    
Investment at Fair Value, Ending Balance $ 2,439,470 [14],[15],[17],[19],[20]   $ 2,375,727 [10],[11],[13],[31],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Commercial Services & Supplies, Arborworks Acquisition LLC - Revolver, Interest Rate 15.00% PIK, Maturity Date 11/6/2028      
Schedule of Investments [Line Items]      
Interest Rate, PIK 15.00% [15],[17],[19],[20],[24]   15.00% [10],[11],[13],[31],[33]
Investment at Fair Value, Beginning Balance [10],[11],[13],[31],[33] $ 1,107,527    
Investment at Fair Value, Ending Balance $ 1,149,579 [15],[17],[19],[20],[24]   $ 1,107,527 [10],[11],[13],[31],[33]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Commercial Services & Supplies, Northstar Group Services, Inc. Term Loan, Interest Rate 3M S + 4.75% (0.50% Floor), Maturity Date 5/31/2030      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Six Month SOFR [Member]
Interest Rate, Floor 0.50% [14],[15],[17],[19],[34]   0.50% [10],[11],[13],[32],[35]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[35] $ 5,471,675    
Investment at Fair Value, Ending Balance $ 5,437,523 [14],[15],[17],[19],[34]   $ 5,471,675 [10],[11],[13],[32],[35]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Construction & Engineering, Congruex Group LLC Term Loan B, Interest Rate 3M S + 1.50% + 5.00% PIK (1.50% Floor), Maturity Date 5/3/2029      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, PIK 5.00% [14],[15],[17],[19],[20]   5.00% [10],[11],[13],[31],[32]
Interest Rate, Floor 1.50% [14],[15],[17],[19],[20]   1.50% [10],[11],[13],[31],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[31],[32] $ 3,844,332    
Investment at Fair Value, Ending Balance $ 3,957,780 [14],[15],[17],[19],[20]   $ 3,844,332 [10],[11],[13],[31],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Containers & Packaging, Bioplan USA, Inc. - Take Back Term Loan, Interest Rate 3M S + 7.75% (4.00% Floor), Maturity Date 3/8/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 4.00% [14],[15],[17],[19]   4.00% [10],[11],[13],[31],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[31],[32] $ 5,880,490    
Investment at Fair Value, Ending Balance $ 5,970,497 [14],[15],[17],[19]   $ 5,880,490 [10],[11],[13],[31],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Containers & Packaging, Bioplan USA, Inc.- Priority Term Loan, Interest Rate 3M S + 10.00% (4.00% Floor), Maturity Date 3/8/2027      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 4.00% [14],[15],[17],[19]   4.00% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 583,438    
Investment at Fair Value, Ending Balance $ 278,237 [14],[15],[17],[19]   $ 583,438 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Diversified Consumer Services, Axiom Global Inc. Term Loan, Interest Rate 3M S + 4.50% (0.75% Floor), Maturity Date 10/2/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 0.75% [14],[15],[17],[19]   0.75% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 4,825,224    
Investment at Fair Value, Ending Balance $ 4,788,669 [14],[15],[17],[19]   $ 4,825,224 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Diversified Consumer Services, Axiom Global Inc. Term Loan, Interest Rate 3M S + 4.75% (0.75% Floor), Maturity Date 10/2/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]    
Interest Rate, Floor [14],[15],[17],[19] 0.75%    
Investment at Fair Value, Ending Balance [14],[15],[17],[19] $ 1,470,113    
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Diversified Consumer Services, Axiom Global Inc. Term Loan, Interest Rate 3M S + 4.75% (0.75% Floor), Maturity Date 10/2/2028 One      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration]     Three Month SOFR [Member]
Interest Rate, Floor [10],[11],[13],[32]     0.75%
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 1,481,287    
Investment at Fair Value, Ending Balance [10],[11],[13],[32]     $ 1,481,287
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Diversified Consumer Services, KNS MidCo Corp. / Wellfull Inc. Term Loan A, Interest Rate 1M S + 5.00% (1.00% Floor), Maturity Date 4/19/2030      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   One Month SOFR [Member]
Interest Rate, Floor 1.00% [14],[15],[17],[19]   1.00% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 1,441,498    
Investment at Fair Value, Ending Balance $ 1,426,751 [14],[15],[17],[19]   $ 1,441,498 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Diversified Consumer Services, LaserAway Intermediate Holdings II, LLC Term Loan, Interest Rate 3M S + 5.75% (0.75% Floor), Maturity Date 10/14/2027      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 0.75% [14],[15],[17],[19]   0.75% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 7,048,600    
Investment at Fair Value, Ending Balance 7,012,581 [14],[15],[17],[19]   $ 7,048,600 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Food Products, INW Manufacturing, LLC Term Loan, Interest Rate 3M S + 5.75% (0.75% Floor), Maturity Date 3/25/2027      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration]     Three Month SOFR [Member]
Interest Rate, Floor [10],[11],[13],[32]     0.75%
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 3,898,125    
Investment at Fair Value, Ending Balance [10],[11],[13],[32]     $ 3,898,125
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Food Products, Max US Bidco Inc. Term Loan B, Interest Rate 3M S + 5.00%, Maturity Date 10/2/2030      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[35] $ 6,232,920    
Investment at Fair Value, Ending Balance $ 6,502,338 [14],[15],[17],[19],[34]   $ 6,232,920 [10],[11],[13],[32],[35]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Household Durables, Easy Way Leisure Corporation Term Loan, Interest Rate 3M S + 2.50% + 5.00% PIK (1.00% Floor), Maturity Date 10/15/2026      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]    
Interest Rate, PIK [14],[15],[17],[19],[28] 5.00%    
Interest Rate, Floor [14],[15],[17],[19],[28] 1.00%    
Investment at Fair Value, Ending Balance [14],[15],[17],[19],[28] $ 5,403,688    
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Household Durables, Easy Way Leisure Corporation Term Loan, Interest Rate 3M S + 7.50% (1.00% Floor), Maturity Date 1/15/2026      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration]     Three Month SOFR [Member]
Interest Rate, Floor [10],[11],[13],[29],[32]     1.00%
Investment at Fair Value, Beginning Balance [10],[11],[13],[29],[32] $ 6,094,086    
Investment at Fair Value, Ending Balance [10],[11],[13],[29],[32]     $ 6,094,086
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, IT Services, Accelevation, LLC - Revolver, Interest Rate 1M S + 4.50% (0.75% Floor), Maturity Date 1/2/2031      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   One Month SOFR [Member]
Interest Rate, Floor 0.75% [15],[17],[19],[24]   0.75% [10],[11],[13],[33]
Investment at Fair Value, Beginning Balance [10],[11],[13],[33] $ 141,026    
Investment at Fair Value, Ending Balance $ 282,051 [15],[17],[19],[24]   $ 141,026 [10],[11],[13],[33]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, IT Services, Accelevation, LLC Term Loan, Interest Rate 1M S + 4.50% (0.75% Floor), Maturity Date 1/2/2031      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   One Month SOFR [Member]
Interest Rate, Floor 0.75% [14],[15],[17],[19],[24]   0.75% [10],[11],[13],[32],[33]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[33] $ 4,182,767    
Investment at Fair Value, Ending Balance $ 4,172,262 [14],[15],[17],[19],[24]   $ 4,182,767 [10],[11],[13],[32],[33]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, IT Services, Argano, LLC Term Loan, Interest Rate 1M S + 5.50% (1.00% Floor), Maturity Date 9/13/2029      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   One Month SOFR [Member]
Interest Rate, Floor 1.00% [14],[15],[17],[19],[24]   1.00% [10],[11],[13],[32],[33]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[33] $ 7,285,916    
Investment at Fair Value, Ending Balance 7,251,330 [14],[15],[17],[19],[24]   $ 7,285,916 [10],[11],[13],[32],[33]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Insurance, Asurion, LLC Term Loan, Interest Rate 1M S + 4.00%, Maturity Date 8/21/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration]     One Month SOFR [Member]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[35] $ 4,922,862    
Investment at Fair Value, Ending Balance [10],[11],[13],[32],[35]     $ 4,922,862
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Insurance, Integrity Marketing Acquisition, LLC Term Loan, Interest Rate 3M S + 5.00% (0.75% Floor), Maturity Date 8/25/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 0.75% [14],[15],[17],[19],[24]   0.75% [10],[11],[13],[32],[33]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[33] $ 6,948,103    
Investment at Fair Value, Ending Balance $ 6,930,519 [14],[15],[17],[19],[24]   $ 6,948,103 [10],[11],[13],[32],[33]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Insurance, Likewize Corporation Term Loan, Interest Rate 3M S + 5.75% (0.50% Floor), Maturity Date 8/27/2029      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 0.50% [14],[15],[17],[19]   0.50% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 3,440,937    
Investment at Fair Value, Ending Balance $ 3,370,125 [14],[15],[17],[19]   $ 3,440,937 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Interactive Media & Services, Uniguest Holdings Term Loan, Interest Rate 1M S + 5.00% (1.00% Floor), Maturity Date 11/27/2030      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   One Month SOFR [Member]
Interest Rate, Floor 1.00% [14],[15],[17],[19],[24]   1.00% [10],[11],[13],[32],[33]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[33] $ 5,445,000    
Investment at Fair Value, Ending Balance $ 5,390,104 [14],[15],[17],[19],[24]   $ 5,445,000 [10],[11],[13],[32],[33]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Professional Services, Crisis Prevention Institute, Inc. Term Loan, Interest Rate 3M S + 4.00% (0.50% Floor), Maturity Date 4/9/2031      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 0.50% [14],[15],[17],[19]   0.50% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 2,970,000    
Investment at Fair Value, Ending Balance $ 2,940,281 [14],[15],[17],[19]   $ 2,970,000 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Professional Services, Klein Hersh, LLC Term Loan - Last Out, Interest Rate 3M S + 0.68%, Maturity Date 4/27/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[36] $ 10,054,614    
Investment at Fair Value, Ending Balance $ 9,296,568 [14],[15],[17],[19],[26]   $ 10,054,614 [10],[11],[13],[32],[36]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Professional Services, Work Genius Holdings, Inc - Revolver, Interest Rate 3M S + 7.00% + (1.00% Floor), Maturity Date 6/7/2027      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 1.00% [15],[17],[19]   1.00% [10],[11],[13]
Investment at Fair Value, Beginning Balance [10],[11],[13] $ 686,250    
Investment at Fair Value, Ending Balance $ 652,875 [15],[17],[19]   $ 686,250 [10],[11],[13]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Professional Services, Work Genius Holdings, Inc. Term Loan - Add On, Interest Rate 3M S + 7.00% (1.00% Floor), Maturity Date 6/7/2027      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 1.00% [14],[15],[17],[19]   1.00% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 984,643    
Investment at Fair Value, Ending Balance $ 934,396 [14],[15],[17],[19]   $ 984,643 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Professional Services, Work Genius Holdings, Inc. Term Loan, Interest Rate 3M S + 7.00% + (1.00% Floor), Maturity Date 6/7/2027      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 1.00% [14],[15],[17],[19]   1.00% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 8,831,510    
Investment at Fair Value, Ending Balance $ 8,380,237 [14],[15],[17],[19]   $ 8,831,510 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Software, AppLogic Networks Parent LLC - Sandvine Exit TL, Interest Rate 3M S + 1.00% + 5.00% PIK, Maturity Date 3/4/2030      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, PIK 5.00% [14],[15],[17],[19],[20]   5.00% [10],[11],[13],[31],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[31],[32] $ 1,793,555    
Investment at Fair Value, Ending Balance $ 1,774,910 [14],[15],[17],[19],[20]   $ 1,793,555 [10],[11],[13],[31],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Specialty Retail, ALCV Purchaser, Inc. Term Loan, Interest Rate 1M S + 6.75% (1.00% Floor), Maturity Date 4/15/2026      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] One Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 1.00% [14],[15],[17],[19]   1.00% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 4,700,000    
Investment at Fair Value, Ending Balance $ 4,650,000 [14],[15],[17],[19]   $ 4,700,000 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Specialty Retail, American Auto Auction Group, LLC Term Loan, Interest Rate 3M S + 4.50%, Maturity Date 5/28/2032      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[35] $ 6,834,603    
Investment at Fair Value, Ending Balance 6,886,688 [14],[15],[17],[19],[34]   $ 6,834,603 [10],[11],[13],[32],[35]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Trading Companies & Distributors, PVI Holdings, Inc. Term Loan - Last Out, Interest Rate 3M S + 5.05% (1.00% Floor), Maturity Date 1/18/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration]     Three Month SOFR [Member]
Interest Rate, Floor [10],[11],[13],[32],[37]     1.00%
Investment at Fair Value, Beginning Balance [10],[11],[13],[32],[37] $ 3,870,000    
Investment at Fair Value, Ending Balance [10],[11],[13],[32],[37]     $ 3,870,000
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Trading Companies & Distributors, Xenon Arc, Inc. - Term Loan, Interest Rate 3M S + 5.75% (0.75% Floor), Maturity Date 12/20/2028      
Schedule of Investments [Line Items]      
Investment, Variable Interest Rate, Type [Extensible Enumeration] Three Month SOFR [Member]   Three Month SOFR [Member]
Interest Rate, Floor 0.75% [14],[15],[17],[19]   0.75% [10],[11],[13],[32]
Investment at Fair Value, Beginning Balance [10],[11],[13],[32] $ 8,518,275    
Investment at Fair Value, Ending Balance 8,517,788 [14],[15],[17],[19]   $ 8,518,275 [10],[11],[13],[32]
Investment, Identifier [Axis]: Non-Controlled/Non-Affiliated Investments, Senior Secured First Lien Debt Investments, Unsecured Debt Investments Professional Services, Klein Hersh, LLC Senior Subordinated Note, Maturity Date 4/27/2032      
Schedule of Investments [Line Items]      
Investment at Fair Value, Beginning Balance [10],[11],[13],[29],[32] 0    
Investment at Fair Value, Ending Balance $ 0 [14],[15],[17],[19],[28]   $ 0 [10],[11],[13],[29],[32]
[1] Gross additions include increases in the cost basis of investments resulting from new investments and follow-on investments.
[2] Gross additions include increases in the cost basis of investments resulting from new investments, follow-on investments and investments transferred into Affiliates effective October 1, 2025.
[3] Gross reductions include decreases in the total cost basis of investment repayments from principal repayments or sales.
[4] Gross reductions include decreases in the total cost basis of investments resulting from principal repayments or sales.
[5] Represents the total amount of interest, fees or dividends credited to income for the portion of the period an investment was included in the Affiliate category.
[6] Represents the total amount of interest, fees or dividends credited to income for the portion of the period an investment was included in the Affiliate category.
[7] Investment is non-income producing.
[8] The fair value of all investments was determined using significant unobservable inputs.
[9] The fair value of all investments was determined using significant unobservable inputs.
[10] All investments of the Company are in entities which are organized under the laws of the United States and have a principal place of business in the United States, unless otherwise noted.
[11] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 13 of the Consolidated Schedule of Investments as of December 31, 2025 for additional information on our restricted securities.
[12] These securities were acquired in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and may be deemed to be “restricted securities” under the Securities Act. As of December 31, 2025, the Company’s portfolio company investments that were subject to restrictions on sales totaled $33,218,076 at fair value and represented 54.17% of the Company’s net assets.
[13] Unless indicated otherwise, all investments were valued at fair value using Level 3 significant unobservable inputs as determined in good faith by the Company’s board of directors (see Note 4).
[14] A portion or all is held by the Company indirectly through Investcorp Credit Management BDC SPV, LLC and pledged as collateral for the revolving credit facility held through Capital One, N.A. (“Capital One”).
[15] All investments of the Investcorp Credit Management BDC, Inc. (the "Company") are in entities which are organized under the laws of the United States and have a principal place of business in the United States, unless otherwise noted.
[16] As defined in the 1940 Act, the Company is deemed to be an “Affiliated Person” of this portfolio company because it owns 5% or more, up to 25% (inclusive), of the portfolio company’s outstanding voting securities (“non-controlled affiliate”). As defined in the 1940 Act, the Company is deemed to be both an “affiliated person” and “control” a portfolio company if it owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). As of March 31, 2026, the Company had no “Control Investments.”
[17] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 13 of the Consolidated Schedule of Investments as of March 31, 2026 for additional information on our restricted securities.
[18] Securities are non-income producing.
[19] Unless indicated otherwise, all investments were valued at fair value using Level 3 significant unobservable inputs as determined in good faith by the Company’s board of directors (see Note 4).
[20] Principal amount includes capitalized PIK interest.
[21] These securities were acquired in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and may be deemed to be “restricted securities” under the Securities Act. As of March 31, 2026, the Company’s portfolio company investments that were subject to restrictions on sales totaled $26,444,093 at fair value and represented 50.18% of the Company’s net assets.
[22] The Credit Agreement establishes the New Term Loan C as having priority with regard to principal and interest payments over the Term Loans A and B. Separately, The Company has entered into an Agreement Among Lenders that entitles the Company's investment in the Term Loan A to receive priority over its investment in the Term Loan B, but not the Term Loan C, with respect to payments of principal, interest, and other amounts due.
[23] As defined in the 1940 Act, the Company is deemed to be an “Affiliated Person” of this portfolio company because it owns 5% or more, up to 25% (inclusive), of the portfolio company’s outstanding voting securities (“non-controlled affiliate”). As defined in the 1940 Act, the Company is deemed to be both an “affiliated person” and “control” a portfolio company if it owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). As of December 31, 2025, the Company had no “Control Investments.”
[24] Refer to Note 6 for more detail on the unfunded commitments.
[25] The Company has entered into an Agreement Among Lenders that entitles the Company to the “second out” tranche of the first lien secured loans, whereby the “first out” tranche will receive priority as to the “second out” and “third out” tranches with respect to payments of principal, interest, and any other amounts due thereunder.
[26] The Company has entered into an Agreement Among Lenders that entitles the Company to the “last out” tranche of the first lien secured loans, whereby the “first out” tranche will receive priority relative to the “last out” tranche with respect to payments of principal, interest, and any other amounts due thereunder in certain circumstances. The obligor under the first lien secured loans has a contractual obligation to pay a fixed annual amount of interest ratably each month. This payment is first applied to the first out tranche on the basis of SOFR plus 3.75% and the remaining amount (if any) is applied to the last out tranche. Therefore, the Company will receive variable interest income depending on the principal amount of the first out tranche and changes in the SOFR rate. The effective rate cannot be estimated in advance of the start of the SOFR accrual period for the first out tranche.
[27] Securities are non-income producing.
[28] Classified as non-accrual asset.
[29] Classified as non-accrual asset.
[30] Represents co-investment made with the Company’s affiliates in accordance with the terms of the exemptive relief that the Company received from the U.S. Securities and Exchange Commission.
[31] Principal amount includes capitalized PIK interest.
[32] A portion or all is held by the Company indirectly through Investcorp Credit Management BDC SPV, LLC and pledged as collateral for the revolving credit facility held through Capital One, N.A. (“Capital One”).
[33] Refer to Note 6 for more detail on the unfunded commitments.
[34] This investment represents a Level 2 investment (see Note 4).
[35] This investment represents a Level 2 investment (see Note 4).
[36] The Company has entered into an Agreement Among Lenders that entitles the Company to the “last out” tranche of the first lien secured loans, whereby the “first out” tranche will receive priority relative to the “last out” tranche with respect to payments of principal, interest, and any other amounts due thereunder in certain circumstances. The obligor under the first lien secured loans has a contractual obligation to pay a fixed annual amount of interest ratably each month. This payment is first applied to the first out tranche on the basis of SOFR plus 3.75% and the remaining amount (if any) is applied to the last out tranche. Therefore, the Company will receive variable interest income depending on the principal amount of the first out tranche and changes in the SOFR rate. The effective rate cannot be estimated in advance of the start of the SOFR accrual period for the first out tranche.
[37] The Company has entered into an Agreement Among Lenders that entitles the Company to the “last out” tranche of the first lien secured loans, whereby the “first out” tranche will receive priority ahead of the “last out” tranche with respect to payments of principal, interest, and any other amounts due thereunder in certain circumstances. Therefore, the Company receives a higher interest rate than the contractually stated interest rate of SOFR plus 4.50% subject to a grid (Floor 1.00%) per the credit agreement and the Consolidated Schedule of Investments above reflects such higher rate.