v3.25.4
Agreements and Related Party Transactions (Details) - USD ($)
$ / shares in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Aug. 01, 2025
Jul. 30, 2010
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2025
Nov. 30, 2024
Feb. 28, 2025
Jul. 09, 2025
Agreements and Related Party Transactions [Line Items]                
Management agreement   2 years            
Management fee, description         The base management fee of 1.75% per year is calculated based on the average value of our gross assets (other than cash or cash equivalents, but including assets purchased with borrowed funds) at the end of the two most recently completed fiscal quarters.      
Net investment income percentage         20.00%      
Quarterly hurdle rate measured         1.875%      
Incentive fee description         Under this provision, in any fiscal quarter, the Manager receives no incentive fee unless our pre-incentive fee net investment income exceeds the hurdle rate of 1.875%. The Manager will receive 100% of pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than or equal to 2.344% in any fiscal quarter; and 20% of the amount of our pre-incentive fee net investment income, if any, that exceeds 2.344% in any fiscal quarter.      
Incentive fee capital gains percentage [1]         1.80% 3.03%    
Percentage of incentive fee capital gains         20.00%      
Management fees     $ 4,434,590 $ 4,412,000 $ 13,142,246 $ 14,161,025    
Incentive fees         7,300,000 11,200,000    
Incentive fees accrual         0 0    
Administrator expenses     1,400,000 1,300,000 3,900,000 3,500,000    
Aggregate principal amount               $ 5,000,000
Interest receivable     8,901,870   8,901,870   $ 7,477,468  
Investments at fair value [4]     1,015,950,344 [2],[3]   $ 1,015,950,344 [2],[3]   978,077,750 [5],[6]  
Management Agreement [Member]                
Agreements and Related Party Transactions [Line Items]                
Incentive fee capital gains percentage         20.00%      
Administration Agreements [Member]                
Agreements and Related Party Transactions [Line Items]                
Administrator expenses         $ 900,000   300,000  
Managers Capital Gains [Member]                
Agreements and Related Party Transactions [Line Items]                
Management fees     4,400,000 4,400,000        
Saratoga CLO [Member]                
Agreements and Related Party Transactions [Line Items]                
Management fees         38,300,000      
Incentive fees         1,200,000      
Management fee     600,000 800,000 2,000,000 2,400,000    
Newly issued subordinated notes      22,800,000   22,800,000      
Interest income     400,000 400,000        
Interest receivable     200,000 200,000 200,000 200,000    
Class F-R-3 Notes Tranche [Member]                
Agreements and Related Party Transactions [Line Items]                
Aggregate principal amount     16,200,000   16,200,000      
SLF JV [Member]                
Agreements and Related Party Transactions [Line Items]                
Interest receivable     200,000   200,000      
Pre-Incentive Fee [Member]                
Agreements and Related Party Transactions [Line Items]                
Incentive fees     2,400,000 3,100,000        
SLF JV [Member]                
Agreements and Related Party Transactions [Line Items]                
Membership Interest     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  
Share percentage         87.50%      
JV CLO [Member]                
Agreements and Related Party Transactions [Line Items]                
Price per share (in Dollars per share)     $ 12.3   $ 12.3      
Investments at fair value     $ 12,300,000   $ 12,300,000      
SLF 2022 [Member]                
Agreements and Related Party Transactions [Line Items]                
Share percentage         87.50%      
Price per share (in Dollars per share)     $ 8.8   $ 8.8      
Investments at fair value     $ 8,800,000   $ 8,800,000      
Gain (Loss) on Investments [Member]                
Agreements and Related Party Transactions [Line Items]                
Incentive fees     $ 0 $ 0        
Maximum [Member]                
Agreements and Related Party Transactions [Line Items]                
Management fee         4,400,000   4,200,000  
Maximum [Member] | Administration Agreements [Member]                
Agreements and Related Party Transactions [Line Items]                
Reimbursement of expenses $ 5,400,000              
Minimum [Member]                
Agreements and Related Party Transactions [Line Items]                
Incentive fees accrual         $ 2,400,000   $ 2,000,000  
Minimum [Member] | Administration Agreements [Member]                
Agreements and Related Party Transactions [Line Items]                
Reimbursement of expenses $ 5,000,000              
[1] Ratios are not annualized.
[2] 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).
[3] Percentages are based on net assets of $413,206,912 as of November 30, 2025.
[4] 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.
[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).
[6] Percentages are based on net assets of $392,665,468 as of February 28, 2025.