v3.25.4
Investments (Details) - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Nov. 30, 2025
Feb. 28, 2025
Jun. 09, 2023
Oct. 28, 2022
Aug. 31, 2021
Aug. 11, 2021
Feb. 28, 2021
Feb. 26, 2021
Dec. 31, 2018
Dec. 14, 2018
Feb. 28, 2021
Dec. 31, 2018
Jan. 31, 2008
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2025
Nov. 30, 2024
Feb. 28, 2025
Sep. 24, 2025
Aug. 31, 2025
May 31, 2025
Jun. 10, 2024
Aug. 09, 2021
Investments (Details) [Line Items]                                              
Description of valuation model rate                               ●Default rate: 2.0%   ● Recovery rate: 70%   ● Discount rate: 7.5%–70.0%   ● Prepayment rate: 20.0%   ● Reinvestment rate / price: S+365bps / $99.00              
Fair value investment, Percentage                               5.00%              
Legal maturity date                   January 2030                          
Aggregate principal amount   $ 2,300,000                                          
Cash contributions                                     $ 1,600,000        
Additional investments               $ 14,000,000                              
Transaction of refinancing and upsizing cost paid               2,600,000                           $ 500,000  
Outstanding receivable         $ 2,600,000                                    
Issuer issued                                           $ 422,500,000  
Percentage owned and managed                               100.00%              
Percentage of management fee                               0.10%              
Percentage subordinated management fee                               0.40%              
Percentage of excess cash flow                   20.00%                          
Percentage of internal rate in greater                   12.00%                          
Management fee income                           $ 628,774 $ 775,398 $ 1,997,581 $ 2,372,177            
Interest income                           0 0 0 0            
Percentage of debt weighted average spread 70.00% 2.30%                                          
Weighted average spread percentage 3.70%                                          
Investment principal balance   $ 527,100,000                               $ 527,100,000          
Cash flows of the subordinated notes $ 0 200,000                       0   0   200,000          
Total investment [2] 1,033,877,894 [1] $ 1,000,093,332 [3]                       1,033,877,894 [1]   1,033,877,894 [1]   $ 1,000,093,332 [3]          
Additional investments                 $ 13,800,000       $ 30,000,000                    
Received distributions                               92,200,000              
Management fees                           4,434,590 4,412,000 13,142,246 14,161,025            
Incentive fees                               7,300,000 11,200,000            
Percentage of discount rate   40.00%                               40.00%          
Interest receivable 8,901,870 $ 7,477,468                       8,901,870   8,901,870   $ 7,477,468          
Investments at fair value [2] 1,015,950,344 [1],[4] 978,077,750 [3],[5]                       1,015,950,344 [1],[4]   1,015,950,344 [1],[4]   $ 978,077,750 [3],[5]          
Class F-R-3 Notes [Member]                                              
Investments (Details) [Line Items]                                              
Aggregate principal amount               17,900,000                              
Notes exchanged                                             $ 17,900,000
The Class F-R-2 Notes [Member]                                              
Investments (Details) [Line Items]                                              
Aggregate principal amount               2,500,000                              
The Class G-R-2 Notes [Member]                                              
Investments (Details) [Line Items]                                              
Aggregate principal amount               7,500,000                              
Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]                                              
Investments (Details) [Line Items]                                              
Aggregate principal amount               25,000,000                              
Class F-1-R-3 [Member]                                              
Investments (Details) [Line Items]                                              
Notes exchanged                                             8,500,000
Realized loss           $ 100,000                                  
Class F-2-R-3 [Member]                                              
Investments (Details) [Line Items]                                              
Notes exchanged 9,400,000                         9,400,000   9,400,000             $ 9,400,000
Corresponding fair value                               100,000              
Management fees                               40,300,000              
Incentive fees                               1,200,000              
Subordinated Debt [Member]                                              
Investments (Details) [Line Items]                                              
Aggregate principal amount   200,000                                          
Notes exchanged 111,000,000                         111,000,000   111,000,000              
Interest income                     $ 14,000,000                        
Corresponding fair value                               0              
Secured Overnight Financing Rate [Member]                                              
Investments (Details) [Line Items]                                              
Investment description                                   1M SOFR - The 1-month SOFR rate as of February 28, 2025 was 4.32%.3M SOFR - The 3-month SOFR rate as of February 28, 2025 was 4.32%.6M SOFR - The 6-month SOFR rate as of February 28, 2025 was 4.26%.          
Prime Rate [Member]                                              
Investments (Details) [Line Items]                                              
Investment description                                   Prime - The Prime Rate as of February 28, 2025 was 7.50%.          
TJHA [Member]                                              
Investments (Details) [Line Items]                                              
Cash contributions 6,250,000                         6,250,000   6,250,000              
Unsecured debt 17,600,000 17,600,000                       17,600,000   17,600,000   $ 17,600,000          
Membership interest $ 17,600,000 17,600,000                       $ 17,600,000   $ 17,600,000   17,600,000          
Voting Interest in SLF JV [Member]                                              
Investments (Details) [Line Items]                                              
Ownership percentage 50.00%                         50.00%   50.00%              
Saratoga CLO [Member]                                              
Investments (Details) [Line Items]                                              
Notes exchanged $ 427,700,000                         $ 427,700,000   $ 427,700,000              
Percentage of debt weighted average spread                               3.50%              
Total investment 57,800,000                         57,800,000   $ 57,800,000              
LIBOR [Member]                                              
Investments (Details) [Line Items]                                              
Investment principal balance   524,200,000                               524,200,000          
SLF JV [Member]                                              
Investments (Details) [Line Items]                                              
Cash contributions $ 43,750,000                         $ 43,750,000   $ 43,750,000              
Fixed interest rate 10.00%                         10.00%   10.00%              
Unsecured debt $ 2,500,000 2,500,000                       $ 2,500,000   $ 2,500,000   2,500,000          
Membership interest 2,500,000 2,500,000                       2,500,000   2,500,000   2,500,000          
Investment unsecured note 16,200,000 16,500,000                       16,200,000   16,200,000   16,500,000          
Unsecured percentage     7.00%                                        
Collateralized loan obligation trust       $ 402,100,000                                      
SLF JV [Member] | TJHA [Member]                                              
Investments (Details) [Line Items]                                              
Cash contributions 50,000,000                         50,000,000   50,000,000              
Membership interest 6,600,000 3,100,000                       6,600,000   6,600,000   3,100,000          
SLF JV [Member]                                              
Investments (Details) [Line Items]                                              
Membership interest 6,600,000                         6,600,000   6,600,000              
Interest income                           400,000 400,000 1,300,000 1,300,000            
Interest receivable 200,000 200,000                       200,000 200,000 200,000 200,000 200,000          
Dividend income                           1,100,000 900,000 2,400,000 3,200,000            
Dividend receivable 0 1,100,000                       0   $ 0   1,100,000          
Purchased of fair value percentage                               87.50%              
Class E-R Notes [Member]                                              
Investments (Details) [Line Items]                                              
Investments at fair value 8,800,000                         8,800,000   $ 8,800,000       $ 0      
Saratoga CLO [Member]                                              
Investments (Details) [Line Items]                                              
Management fee income                           600,000 800,000 2,000,000 2,400,000            
Investment principal balance                             440,000,000   440,000,000            
Total investment                                         $ 57,800,000    
Additional investments             $ 14,000,000         $ 13,800,000 $ 30,000,000                    
Received distributions                               91,700,000              
Management fees                               38,300,000              
Incentive fees                               1,200,000              
Interest income                           400,000 400,000                
Interest receivable 200,000                         200,000 $ 200,000 $ 200,000 $ 200,000            
SOFR [Member]                                              
Investments (Details) [Line Items]                                              
Weighted average spread percentage                               2.50%              
Class E [Member]                                              
Investments (Details) [Line Items]                                              
Purchased of fair value percentage       87.50%                                      
Purchased of fair value per value       $ 12,300,000                                      
Investments at fair value 0 $ 12,300,000                       0   $ 0   $ 12,300,000          
Class E [Member] | SLF JV [Member]                                              
Investments (Details) [Line Items]                                              
Cash contributions $ 1,600,000                         $ 1,600,000   1,600,000              
Purchases, securities                               8,800,000              
Repayments of securities                               $ 12,300,000              
Minimum [Member]                                              
Investments (Details) [Line Items]                                              
Aggregate principal amount                   $ 300,000,000                          
Minimum [Member] | TJHA and SLF JV [Member]                                              
Investments (Details) [Line Items]                                              
Ownership percentage 12.50%                         12.50%   12.50%              
Minimum [Member] | Saratoga CLO [Member]                                              
Investments (Details) [Line Items]                                              
Cash contributions               500,000,000                              
Maximum [Member]                                              
Investments (Details) [Line Items]                                              
Aggregate principal amount                   $ 500,000,000                          
Maximum [Member] | TJHA and SLF JV [Member]                                              
Investments (Details) [Line Items]                                              
Ownership percentage 87.50%                         87.50%   87.50%              
Maximum [Member] | Saratoga CLO [Member]                                              
Investments (Details) [Line Items]                                              
Cash contributions               $ 650,000,000                              
[1] Percentages are based on net assets of $413,206,912 as of November 30, 2025.
[2] Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities. Money market funds are valued at net asset value and are considered level 1 investments within the fair value hierarchy.
[3] Percentages are based on net assets of $392,665,468 as of February 28, 2025.
[4] Because there is no “readily available market quotations” (as defined in the 1940 Act) for these investments, the fair values of these investments were determined using significant unobservable inputs and approved in good faith by our board of directors. These investments have been included as Level 3 in the Fair Value Hierarchy, except for the CLO BB and BBB debt which are level 2 investments (see Note 3 to the consolidated financial statements).
[5] Because there is no “readily available market quotations” (as defined in the 1940 Act) for these investments, the fair values of these investments were determined using significant unobservable inputs and approved in good faith by our board of directors. These investments have been included as Level 3 in the Fair Value Hierarchy (see Note 3 to the consolidated financial statements).