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Schedule of Investments - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Investments [Abstract]    
Par $ 277,417,394 $ 55,072,064
Amortized cost [1] 274,346,711 53,471,317
Fair value $ 275,241,398 $ 54,120,000
Investment, Identifier [Axis]: Aeriz Holdings Corp Delayed Draw Term Loan All in Rate 15.50% Spread Rate 6.00% PIK 2.00% Floor Rate 7.00% Due 6/30/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:AerizHoldingsCorpMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] us-gaap:DelayedDrawTermLoanMember  
All-in rate [2],[3],[4] 15.50%  
Bench-mark [2],[3],[4],[5] P  
Spread [2],[3],[4] 6.00%  
PIK [2],[3],[4] 2.00%  
Floor [2],[3],[4] 7.00%  
Initial acquisition date [2],[3],[4] Oct. 01, 2024  
Maturity [2],[3],[4] Jun. 30, 2025  
Par [2],[3],[4],[6] $ 10,075,000  
Amortized cost [1],[2],[3],[4] 9,927,000  
Fair value [2],[3],[4],[7] $ 9,873,000  
Percentage of net assets [2],[3],[4] 3.28%  
Investment, Identifier [Axis]: Archos Capital Group, LLC Delayed Draw Term Loan All in Rate 13.25% Spread Rate 5.75% PIK 0.00% Floor Rate 8.50% Due 2/28/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8] lien:ArchosCapitalGroupLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[8] us-gaap:DelayedDrawTermLoanMember  
All-in rate [3],[4],[8] 13.25%  
Bench-mark [3],[4],[5],[8] P  
Spread [3],[4],[8] 5.75%  
PIK [3],[4],[8] 0.00%  
Floor [3],[4],[8] 8.50%  
Initial acquisition date [3],[4],[8] Oct. 01, 2024  
Maturity [3],[4],[8] Feb. 28, 2025  
Par [3],[4],[6],[8] $ 1,462,000  
Amortized cost [1],[3],[4],[8] 1,462,000  
Fair value [3],[4],[7],[8] $ 1,462,000  
Percentage of net assets [3],[4],[8] 0.49%  
Investment, Identifier [Axis]: Ascend Wellness Senior Secured Note All in Rate 12.75% Spread Rate 12.75% PIK 0.00% Floor Rate 0.00% Due 7/16/2029    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:AscendWellnessHoldingsIncMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] lien:SeniorSecuredNoteMember  
All-in rate [2],[3],[4] 12.75%  
Bench-mark [2],[3],[4],[5] F  
Spread [2],[3],[4] 12.75%  
PIK [2],[3],[4] 0.00%  
Floor [2],[3],[4] 0.00%  
Initial acquisition date [2],[3],[4] Jul. 16, 2024  
Maturity [2],[3],[4] Jul. 16, 2029  
Par [2],[3],[4],[6] $ 3,500,000  
Amortized cost [1],[2],[3],[4] 3,331,000  
Fair value [2],[3],[4],[7] $ 3,308,000  
Percentage of net assets [2],[3],[4] 1.10%  
Investment, Identifier [Axis]: Aura Home, Inc Term Loan All in Rate 12.03% Spread Rate 7.50% PIK 0.00% Floor Rate 4.00% Due 9/22/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:AuraHomeIncMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] lien:TermLoanMember  
All-in rate [2],[3],[4] 12.03%  
Bench-mark [2],[3],[4],[5] S  
Spread [2],[3],[4] 7.50%  
PIK [2],[3],[4] 0.00%  
Floor [2],[3],[4] 4.00%  
Initial acquisition date [2],[3],[4] Oct. 01, 2024  
Maturity [2],[3],[4] Sep. 22, 2025  
Par [2],[3],[4],[6] $ 3,325,000  
Amortized cost [1],[2],[3],[4] 3,285,000  
Fair value [2],[3],[4],[7] $ 3,275,000  
Percentage of net assets [2],[3],[4] 1.09%  
Investment, Identifier [Axis]: Canadian Corporate Debt    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4] lien:CanadianCorporateDebtMember  
Amortized cost [1],[3],[4] $ 3,014,000  
Fair value [3],[4],[7] $ 2,984,000  
Percentage of net assets [3],[4] 0.99%  
Investment, Identifier [Axis]: Cannabis First Lien Senior Secured U.S. Debt    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4] lien:CannabisFirstLienSeniorSecuredUSDebtMember lien:CannabisFirstLienSeniorSecuredUSDebtMember
Amortized cost [1],[3],[4] $ 202,673,000 $ 45,373,000
Fair value [3],[4],[7] $ 203,447,000 $ 46,006,000
Percentage of net assets [3],[4] 67.56% 53.77%
Investment, Identifier [Axis]: Cannabis Senior Secured U.S. Notes    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4]   lien:CannabisSeniorSecuredUSNotesMember
Amortized cost [1],[3],[4] $ 7,473,000 $ 8,098,000
Fair value [3],[4],[7] $ 7,561,000 $ 8,114,000
Percentage of net assets [3],[4] 2.51% 9.49%
Investment, Identifier [Axis]: Cash Equivalents    
Investments [Abstract]    
Amortized cost $ 23,932,000 $ 32,612,000
Fair value $ 23,932,000 $ 32,612,000
Percentage of net assets 7.95% 38.12%
Investment, Identifier [Axis]: Curaleaf Holdings, Inc. Senior Secured Note All in Rate 8.00% Spread Rate 8.00% PIK 0.00% Floor Rate 0.00% Due 12/15/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:CuraleafHoldingsIncMember [9] lien:CuraleafHoldingsIncMember [10]
Investment, Type [Extensible Enumeration] [2],[3],[4] lien:SeniorSecuredNoteMember [9] lien:SeniorSecuredNoteMember [10]
All-in rate [2],[3],[4] 8.00% [9] 8.00% [10]
Bench-mark [2],[3],[4] F [5],[9] F [10],[11]
Spread [2],[3],[4] 8.00% [9] 8.00% [10]
PIK [2],[3],[4] 0.00% [9] 0.00% [10]
Floor [2],[3],[4] 0.00% [9] 0.00% [10]
Initial acquisition date [2],[3],[4] Oct. 11, 2022 [9] Oct. 11, 2022 [10]
Maturity [2],[3],[4] Dec. 15, 2026 [9] Dec. 15, 2026 [10]
Par [2],[3],[4],[6] $ 4,500,000 [9] $ 4,500,000 [10]
Amortized cost [1],[2],[3],[4] 4,142,000 [9] 3,989,000 [10]
Fair value [2],[3],[4],[7] $ 4,253,000 [9] $ 4,140,000 [10]
Percentage of net assets [2],[3],[4] 1.41% [9] 4.84% [10]
Investment, Identifier [Axis]: Debt Investment    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 273,604,000 $ 53,471,000
Fair value [3],[4],[7] $ 274,516,000 $ 54,120,000
Percentage of net assets [3],[4] 91.16% 63.26%
Investment, Identifier [Axis]: Deep Roots Harvest, Inc. Delayed Draw Term Loan All in Rate 14.00% Spread Rate 6.50% PIK 0.00% Floor Rate 8.00% Due 8/15/2027    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12] lien:DeepRootsHarvestIncMember  
Investment, Type [Extensible Enumeration] [3],[4],[12] us-gaap:DelayedDrawTermLoanMember  
All-in rate [3],[4],[12] 14.00%  
Bench-mark [3],[4],[5],[12] P  
Spread [3],[4],[12] 6.50%  
PIK [3],[4],[12] 0.00%  
Floor [3],[4],[12] 8.00%  
Initial acquisition date [3],[4],[12] Oct. 23, 2024  
Maturity [3],[4],[12] Aug. 15, 2027  
Par [3],[4],[6],[12] $ 5,000,000  
Amortized cost [1],[3],[4],[12] 5,000,000  
Fair value [3],[4],[7],[12] $ 4,975,000  
Percentage of net assets [3],[4],[12] 1.65%  
Investment, Identifier [Axis]: Dreamfields Brands, Inc. (d/b/a Jeeter) Delayed Draw Term Loan All in Rate 16.25% Spread Rate 8.75% PIK 0.00% Floor Rate 7.50% Due 5/3/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12] lien:DreamfieldsBrandsIncDBAJeeterMember  
Investment, Type [Extensible Enumeration] [3],[4],[12] us-gaap:DelayedDrawTermLoanMember  
All-in rate [3],[4],[12] 16.25%  
Bench-mark [3],[4],[5],[12] P  
Spread [3],[4],[12] 8.75%  
PIK [3],[4],[12] 0.00%  
Floor [3],[4],[12] 7.50%  
Initial acquisition date [3],[4],[12] May 03, 2023  
Maturity [3],[4],[12] May 03, 2026  
Par [3],[4],[6],[12] $ 31,745,000  
Amortized cost [1],[3],[4],[12] 31,659,000  
Fair value [3],[4],[7],[12] $ 31,745,000  
Percentage of net assets [3],[4],[12] 10.54%  
Investment, Identifier [Axis]: Dreamfields Brands, Inc. Delayed Draw Term Loan All in Rate 17.25% Spread Rate 8.75% PIK 0.00% Floor Rate 7.50% Due 5/3/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12]   lien:DreamfieldsBrandsIncDBAJeeterMember
Investment, Type [Extensible Enumeration] [3],[4],[12]   us-gaap:DelayedDrawTermLoanMember
All-in rate [3],[4],[12]   17.25%
Bench-mark [3],[4],[11],[12]   P
Spread [3],[4],[12]   8.75%
PIK [3],[4],[12]   0.00%
Floor [3],[4],[12]   7.50%
Initial acquisition date [3],[4],[12]   May 03, 2023
Maturity [3],[4],[12]   May 03, 2026
Par [3],[4],[6],[12]   $ 4,320,000
Amortized cost [1],[3],[4],[12]   4,229,000
Fair value [3],[4],[7],[12]   $ 4,320,000
Percentage of net assets [3],[4],[12]   5.05%
Investment, Identifier [Axis]: Elevation Cannabis, LLC Delayed Draw Term Loan All in Rate 15.25% Spread Rate 7.75% PIK 0.00% Floor Rate 8.50% Due 12/31/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8] lien:ElevationCannabisLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[8] us-gaap:DelayedDrawTermLoanMember  
All-in rate [3],[4],[8] 15.25%  
Bench-mark [3],[4],[5],[8] P  
Spread [3],[4],[8] 7.75%  
PIK [3],[4],[8] 0.00%  
Floor [3],[4],[8] 8.50%  
Initial acquisition date [3],[4],[8] Oct. 01, 2024  
Maturity [3],[4],[8] Dec. 31, 2026  
Par [3],[4],[6],[8] $ 14,300,000  
Amortized cost [1],[3],[4],[8] 13,893,000  
Fair value [3],[4],[7],[8] $ 14,157,000  
Percentage of net assets [3],[4],[8] 4.70%  
Investment, Identifier [Axis]: Equity    
Investments [Abstract]    
Amortized cost [1] $ 743,000  
Fair value $ 725,000  
Percentage of net assets 0.24%  
Investment, Identifier [Axis]: Finance and Insurance First Lien Senior Secured U.S. Debt    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 3,772,000  
Fair value [3],[4],[7] $ 3,811,000  
Percentage of net assets [3],[4] 1.26%  
Investment, Identifier [Axis]: Finance and Insurance Senior Secured U.S. Notes    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 27,095,000  
Fair value [3],[4],[7] $ 27,096,000  
Percentage of net assets [3],[4] 9.00%  
Investment, Identifier [Axis]: First Lien Senior Secured Canadian Debt    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4] lien:FirstLienSeniorSecuredCanadianDebtMember  
Amortized cost [1],[3],[4] $ 3,014,000  
Fair value [3],[4],[7] $ 2,984,000  
Percentage of net assets [3],[4] 0.99%  
Investment, Identifier [Axis]: First Lien Senior Secured U.S. Debt    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4] lien:FirstLienSeniorSecuredUSDebtMember lien:FirstLienSeniorSecuredUSDebtMember
Amortized cost [1],[3],[4] $ 236,023,000 $ 45,373,000
Fair value [3],[4],[7] $ 236,876,000 $ 46,006,000
Percentage of net assets [3],[4] 78.65% 53.77%
Investment, Identifier [Axis]: Flowery - Bill's Nursery, Inc. Delayed Draw Term Loan All in Rate 16.00% Spread Rate 11.00% PIK 5.00% Floor Rate 0.00% Due 12/31/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[13] lien:FloweryBillSNurseryIncMember  
Investment, Type [Extensible Enumeration] [3],[4],[13] us-gaap:DelayedDrawTermLoanMember  
All-in rate [3],[4],[13] 16.00%  
Bench-mark [3],[4],[5],[13] F  
Spread [3],[4],[13] 11.00%  
PIK [3],[4],[13] 5.00%  
Floor [3],[4],[13] 0.00%  
Initial acquisition date [3],[4],[13] Oct. 01, 2024  
Maturity [3],[4],[13] Dec. 31, 2025  
Par [3],[4],[6],[13] $ 12,364,000  
Amortized cost [1],[3],[4],[13] 12,303,000  
Fair value [3],[4],[7],[13] $ 12,364,000  
Percentage of net assets [3],[4],[13] 4.11%  
Investment, Identifier [Axis]: HA-MD, LLC Term Loan All in Rate 15.00% Spread Rate 15.00% PIK 0.00% Floor Rate 0.00% Due 6/6/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[13] lien:HAMDLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[13] lien:TermLoanMember  
All-in rate [3],[4],[13] 15.00%  
Bench-mark [3],[4],[5],[13] F  
Spread [3],[4],[13] 15.00%  
PIK [3],[4],[13] 0.00%  
Floor [3],[4],[13] 0.00%  
Initial acquisition date [3],[4],[13] Oct. 01, 2024  
Maturity [3],[4],[13] Jun. 06, 2026  
Par [3],[4],[6],[13] $ 3,290,000  
Amortized cost [1],[3],[4],[13] 3,286,000  
Fair value [3],[4],[7],[13] $ 3,290,000  
Percentage of net assets [3],[4],[13] 1.09%  
Investment, Identifier [Axis]: Harford Gold Group, LLC Term Loan All in Rate 14.75% Spread Rate 9.85% PIK 0.00% Floor Rate 1.50% Due 1/6/2027    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12] lien:HartfordGoldGroupLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[12] lien:TermLoanMember  
All-in rate [3],[4],[12] 14.75%  
Bench-mark [3],[4],[5],[12] S  
Spread [3],[4],[12] 9.85%  
PIK [3],[4],[12] 0.00%  
Floor [3],[4],[12] 1.50%  
Initial acquisition date [3],[4],[12] Oct. 01, 2024  
Maturity [3],[4],[12] Jan. 06, 2027  
Par [3],[4],[6],[12] $ 1,682,000  
Amortized cost [1],[3],[4],[12] 1,431,000  
Fair value [3],[4],[7],[12] $ 1,455,000  
Percentage of net assets [3],[4],[12] 0.48%  
Investment, Identifier [Axis]: Hartford Gold Group, LLC Term Loan All in Rate 14.40% Spread Rate 9.85% PIK 0.00% Floor Rate 1.50% Due 12/17/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12] lien:HartfordGoldGroupLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[12] lien:TermLoanMember  
All-in rate [3],[4],[12] 14.40%  
Bench-mark [3],[4],[5],[12] S  
Spread [3],[4],[12] 9.85%  
PIK [3],[4],[12] 0.00%  
Floor [3],[4],[12] 1.50%  
Initial acquisition date [3],[4],[12] Oct. 01, 2024  
Maturity [3],[4],[12] Dec. 17, 2025  
Par [3],[4],[6],[12] $ 162,000  
Amortized cost [1],[3],[4],[12] 144,000  
Fair value [3],[4],[7],[12] $ 156,000  
Percentage of net assets [3],[4],[12] 0.05%  
Investment, Identifier [Axis]: Health Care and Social Assistance First Lien Senior Secured U.S. Debt    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 2,754,000  
Fair value [3],[4],[7] $ 2,797,000  
Percentage of net assets [3],[4] 0.93%  
Investment, Identifier [Axis]: Information First Lien Senior Secured Canadian Debt    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 3,014,000  
Fair value [3],[4],[7] $ 2,984,000  
Percentage of net assets [3],[4] 0.99%  
Investment, Identifier [Axis]: Information First Lien Senior Secured U.S. Debt First Lien Senior Secured U.S. Debt    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 11,860,000  
Fair value [3],[4],[7] $ 11,771,000  
Percentage of net assets [3],[4] 3.91%  
Investment, Identifier [Axis]: Investments And Cash Equivalents    
Investments [Abstract]    
Amortized cost $ 298,279,000 $ 86,083,000
Fair value $ 299,174,000 $ 86,732,000
Percentage of net assets 99.35% 101.38%
Investment, Identifier [Axis]: Kaleafa, Inc. Term Loan All in Rate 16.00% Spread Rate 8.50% PIK 0.00% Floor Rate 8.50% Due 12/3/2027    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12] lien:KaleafaIncMember  
Investment, Type [Extensible Enumeration] [3],[4],[12] lien:TermLoanMember  
All-in rate [3],[4],[12] 16.00%  
Bench-mark [3],[4],[5],[12] P  
Spread [3],[4],[12] 8.50%  
PIK [3],[4],[12] 0.00%  
Floor [3],[4],[12] 8.50%  
Initial acquisition date [3],[4],[12] Oct. 04, 2024  
Maturity [3],[4],[12] Dec. 03, 2027  
Par [3],[4],[6],[12] $ 2,875,000  
Amortized cost [1],[3],[4],[12] 2,875,000  
Fair value [3],[4],[7],[12] $ 2,875,000  
Percentage of net assets [3],[4],[12] 0.95%  
Investment, Identifier [Axis]: Minden Holdings, LLC Term Loan All in Rate 14.40% Spread Rate 7.25% PIK 0.00% Floor Rate 0.00% Due 5/31/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8] lien:MindenHoldingsLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[8] lien:TermLoanMember  
All-in rate [3],[4],[8] 14.40%  
Bench-mark [3],[4],[5],[8] P  
Spread [3],[4],[8] 7.25%  
PIK [3],[4],[8] 0.00%  
Floor [3],[4],[8] 0.00%  
Initial acquisition date [3],[4],[8] Oct. 01, 2024  
Maturity [3],[4],[8] May 31, 2026  
Par [3],[4],[6],[8] $ 2,200,000  
Amortized cost [1],[3],[4],[8] 2,197,000  
Fair value [3],[4],[7],[8] $ 2,200,000  
Percentage of net assets [3],[4],[8] 0.73%  
Investment, Identifier [Axis]: Non Qualifying Assets    
Investments [Abstract]    
Percentage of net assets 19.14% 29.30%
Investment, Identifier [Axis]: Nova Farms, LLC Term Loan All in Rate 14.00% Spread Rate 6.50% PIK 0.00% Floor Rate 8.50% Due 3/28/2027    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:NovaFarmsLLCMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] lien:TermLoanMember  
All-in rate [2],[3],[4] 14.00%  
Bench-mark [2],[3],[4],[5] P  
Spread [2],[3],[4] 6.50%  
PIK [2],[3],[4] 0.00%  
Floor [2],[3],[4] 8.50%  
Initial acquisition date [2],[3],[4] Oct. 01, 2024  
Maturity [2],[3],[4] Mar. 28, 2027  
Par [2],[3],[4],[6] $ 15,679,000  
Amortized cost [1],[2],[3],[4] 14,579,000  
Fair value [2],[3],[4],[7] $ 14,817,000  
Percentage of net assets [2],[3],[4] 4.92%  
Investment, Identifier [Axis]: Oasis - AZ GOAT AZ LLC Term Loan All in Rate 15.00% Spread Rate 7.50% PIK 0.00% Floor Rate 8.00% Due 3/31/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12] lien:OasisAZGOATAZLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[12] lien:TermLoanMember  
All-in rate [3],[4],[12] 15.00%  
Bench-mark [3],[4],[5],[12] P  
Spread [3],[4],[12] 7.50%  
PIK [3],[4],[12] 0.00%  
Floor [3],[4],[12] 8.00%  
Initial acquisition date [3],[4],[12] Oct. 01, 2024  
Maturity [3],[4],[12] Mar. 31, 2026  
Par [3],[4],[6],[12] $ 5,146,000  
Amortized cost [1],[3],[4],[12] 5,073,000  
Fair value [3],[4],[7],[12] $ 5,069,000  
Percentage of net assets [3],[4],[12] 1.68%  
Investment, Identifier [Axis]: PharmaCann, Inc Senior Secured Note All in Rate 12.00% Spread Rate 0.00% PIK 0.00% Floor Rate 0.00% Due 6/0/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8]   lien:PharmaCannIncMember
Investment, Type [Extensible Enumeration] [3],[4],[8]   lien:SeniorSecuredNoteMember
All-in rate [3],[4],[8]   12.00%
Bench-mark [3],[4],[8],[11]   F
Spread [3],[4],[8]   12.00%
PIK [3],[4],[8]   0.00%
Floor [3],[4],[8]   0.00%
Initial acquisition date [3],[4],[8]   Jun. 30, 2022
Maturity [3],[4],[8]   Jun. 30, 2025
Par [3],[4],[6],[8]   $ 4,250,000
Amortized cost [1],[3],[4],[8]   4,109,000
Fair value [3],[4],[7],[8]   $ 3,974,000
Percentage of net assets [3],[4],[8]   4.65%
Investment, Identifier [Axis]: Proper Holdings, LLC Delayed Draw Term Loan All in Rate 13.00% Spread Rate 11.00% PIK 2.00% Floor Rate 0.00% Due 5/30/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8] lien:ProperHoldingsLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[8] us-gaap:DelayedDrawTermLoanMember  
All-in rate [3],[4],[8] 13.00%  
Bench-mark [3],[4],[5],[8] F  
Spread [3],[4],[8] 11.00%  
PIK [3],[4],[8] 2.00%  
Floor [3],[4],[8] 0.00%  
Initial acquisition date [3],[4],[8] Oct. 01, 2024  
Maturity [3],[4],[8] Nov. 28, 2025  
Par [3],[4],[6],[8] $ 4,396,000  
Amortized cost [1],[3],[4],[8] 4,393,000  
Fair value [3],[4],[7],[8] $ 4,396,000  
Percentage of net assets [3],[4],[8] 1.46%  
Investment, Identifier [Axis]: Protect Animals With Satellites LLC (Halo Collar) Incremental Term Loan All in Rate 12.25% Spread Rate 1.75% PIK 3.00% Floor Rate 8.50% Due 11/1/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:ProtectAnimalsWithSatellitesLLCHaloCollarMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] lien:IncrementalTermLoanMember  
All-in rate [2],[3],[4] 12.25%  
Bench-mark [2],[3],[4],[5] P  
Spread [2],[3],[4] 1.75%  
PIK [2],[3],[4] 3.00%  
Floor [2],[3],[4] 8.50%  
Initial acquisition date [2],[3],[4] Oct. 01, 2024  
Maturity [2],[3],[4] Nov. 01, 2026  
Par [2],[3],[4],[6] $ 2,004,000  
Amortized cost [1],[2],[3],[4] 1,870,000  
Fair value [2],[3],[4],[7] $ 1,864,000  
Percentage of net assets [2],[3],[4] 0.62%  
Investment, Identifier [Axis]: Protect Animals With Satellites LLC (Halo Collar) Term Loan All in Rate 12.25% Spread Rate 1.75% PIK 3.00% Floor Rate 8.50% Due 11/1/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:ProtectAnimalsWithSatellitesLLCHaloCollarMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] lien:TermLoanMember  
All-in rate [2],[3],[4] 12.25%  
Bench-mark [2],[3],[4],[5] P  
Spread [2],[3],[4] 1.75%  
PIK [2],[3],[4] 3.00%  
Floor [2],[3],[4] 8.50%  
Initial acquisition date [2],[3],[4] Oct. 01, 2024  
Maturity [2],[3],[4] Nov. 01, 2026  
Par [2],[3],[4],[6] $ 3,663,000  
Amortized cost [1],[2],[3],[4] 3,417,000  
Fair value [2],[3],[4],[7] $ 3,407,000  
Percentage of net assets [2],[3],[4] 1.13%  
Investment, Identifier [Axis]: Public Administration First Lien Senior Secured U.S. Debt    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 10,273,000  
Fair value [3],[4],[7] $ 10,323,000  
Percentage of net assets [3],[4] 3.43%  
Investment, Identifier [Axis]: RTCP, LLC Senior Secured Note All in Rate 15.00% Spread Rate 15.00% PIK 0.00% Floor Rate 0.00% Due 10/2/2028    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[14] lien:RTCPLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[14] lien:SeniorSecuredNoteMember  
All-in rate [3],[4],[14] 15.00%  
Bench-mark [3],[4],[5],[14] F  
Spread [3],[4],[14] 15.00%  
PIK [3],[4],[14] 0.00%  
Floor [3],[4],[14] 0.00%  
Initial acquisition date [3],[4],[14] Oct. 01, 2024  
Maturity [3],[4],[14] Oct. 02, 2028  
Par [3],[4],[6],[14] $ 22,000,000  
Amortized cost [1],[3],[4],[14] 21,980,000  
Fair value [3],[4],[7],[14] $ 22,000,000  
Percentage of net assets [3],[4],[14] 7.31%  
Investment, Identifier [Axis]: Real Estate and Rental and Leasing First Lien Senior Secured U.S. Debt    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 1,406,000  
Fair value [3],[4],[7] $ 1,452,000  
Percentage of net assets [3],[4] 0.48%  
Investment, Identifier [Axis]: Remedy - Maryland Wellness, LLC Delayed Draw Term Loan All in Rate 18.50% Spread Rate 7.50% PIK 3.50% Floor Rate 5.00% Due 8/4/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:RemedyMarylandWellnessLLCMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] us-gaap:DelayedDrawTermLoanMember  
All-in rate [2],[3],[4] 18.50%  
Bench-mark [2],[3],[4],[5] P  
Spread [2],[3],[4] 7.50%  
PIK [2],[3],[4] 3.50%  
Floor [2],[3],[4] 5.00%  
Initial acquisition date [2],[3],[4] Oct. 01, 2024  
Maturity [2],[3],[4] Aug. 04, 2025  
Par [2],[3],[4],[6] $ 3,146,000  
Amortized cost [1],[2],[3],[4] 3,086,000  
Fair value [2],[3],[4],[7] $ 3,130,000  
Percentage of net assets [2],[3],[4] 1.04%  
Investment, Identifier [Axis]: Retail Trade First Lien Senior Secured U.S. Debt    
Investments [Abstract]    
Amortized cost [1],[3],[4] $ 3,285,000  
Fair value [3],[4],[7] $ 3,275,000  
Percentage of net assets [3],[4] 1.09%  
Investment, Identifier [Axis]: STIIIZY, Inc (f/k/a) Shryne Group, Inc Term Loan All in Rate 17.00% Spread Rate 8.50% PIK 1.00% Floor Rate 4.00% Due 5/26/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12]   lien:STIIIZYIncFKAShryneGroupIncMember
Investment, Type [Extensible Enumeration] [3],[4],[12]   lien:TermLoanMember
All-in rate [3],[4],[12]   17.00%
Bench-mark [3],[4],[11],[12]   P
Spread [3],[4],[12]   8.50%
PIK [3],[4],[12]   1.00%
Floor [3],[4],[12]   4.00%
Initial acquisition date [3],[4],[12]   May 26, 2022
Maturity [3],[4],[12]   May 26, 2026
Par [3],[4],[6],[12]   $ 21,065,000
Amortized cost [1],[3],[4],[12]   20,682,000
Fair value [3],[4],[7],[12]   $ 20,749,000
Percentage of net assets [3],[4],[12]   24.25%
Investment, Identifier [Axis]: STIIIZY, Inc (f/k/a) Shryne Group, Inc Term Loan All in Rate 17.00% Spread Rate 8.50% PIK 1.00% Floor Rate 4.00% Due 5/26/2027    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[12] lien:STIIIZYIncFKAShryneGroupIncMember  
Investment, Type [Extensible Enumeration] [3],[4],[12] lien:TermLoanMember  
All-in rate [3],[4],[12] 17.00%  
Bench-mark [3],[4],[5],[12] P  
Spread [3],[4],[12] 8.50%  
PIK [3],[4],[12] 1.00%  
Floor [3],[4],[12] 4.00%  
Initial acquisition date [3],[4],[12] May 26, 2022  
Maturity [3],[4],[12] May 26, 2027  
Par [3],[4],[6],[12] $ 40,793,000  
Amortized cost [1],[3],[4],[12] 40,504,000  
Fair value [3],[4],[7],[12] $ 40,385,000  
Percentage of net assets [3],[4],[12] 13.41%  
Investment, Identifier [Axis]: Senior Secured U.S. Notes    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4]   lien:SeniorSecuredUSNotesMember
Amortized cost [1],[3],[4] $ 34,568,000 $ 8,098,000
Fair value [3],[4],[7] $ 34,657,000 $ 8,114,000
Percentage of net assets [3],[4] 11.51% 9.49%
Investment, Identifier [Axis]: Simspace Corporation Term Loan All in Rate 17.50% Spread Rate 10.00% PIK 0.00% Floor Rate 8.25% Due 11/1/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:SimspaceCorporationMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] lien:TermLoanMember  
All-in rate [2],[3],[4] 17.50%  
Bench-mark [2],[3],[4],[5] P  
Spread [2],[3],[4] 10.00%  
PIK [2],[3],[4] 0.00%  
Floor [2],[3],[4] 8.50%  
Initial acquisition date [2],[3],[4] Oct. 01, 2024  
Maturity [2],[3],[4] Nov. 01, 2025  
Par [2],[3],[4],[6] $ 6,500,000  
Amortized cost [1],[2],[3],[4] 6,573,000  
Fair value [2],[3],[4],[7] $ 6,500,000  
Percentage of net assets [2],[3],[4] 2.16%  
Investment, Identifier [Axis]: State Street Institutional U.S. Government Money Market Fund    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] State Street Institutional U.S. Government Money Market Fund [Member] State Street Institutional U.S. Government Money Market Fund [Member] [15],[16]
Percentage of yield [15] 4.43% [17] 5.32% [16]
Amortized cost [15] $ 23,932,000 [17] $ 32,612,000 [16]
Fair value [15] $ 23,932,000 [17] $ 32,612,000 [16]
Percentage of net assets [15] 7.95% [17] 38.12% [16]
Investment, Identifier [Axis]: Subsero Holdings - Illinois, Inc Delayed Draw Term Loan All in Rate 16.50% Spread Rate 7.00% PIK 2.00% Floor Rate 7.00% Due 7/29/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8] lien:SubseroHoldingsIllinoisIncMember  
Investment, Type [Extensible Enumeration] [3],[4],[8] us-gaap:DelayedDrawTermLoanMember  
All-in rate [3],[4],[8] 16.50%  
Bench-mark [3],[4],[5],[8] P  
Spread [3],[4],[8] 7.00%  
PIK [3],[4],[8] 2.00%  
Floor [3],[4],[8] 7.00%  
Initial acquisition date [3],[4],[8] Oct. 01, 2024  
Maturity [3],[4],[8] Jul. 29, 2026  
Par [3],[4],[6],[8] $ 2,941,000  
Amortized cost [1],[3],[4],[8] 2,873,000  
Fair value [3],[4],[7],[8] $ 2,882,000  
Percentage of net assets [3],[4],[8] 0.96%  
Investment, Identifier [Axis]: Sunny Days Enterprises, LLC Delayed Draw Term Loan All in Rate 20.25% Spread Rate 4.75% PIK 8.00% Floor Rate 3.25% Due 3/31/2025    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [2],[3],[4] lien:SunnyDaysEnterprisesLLCMember  
Investment, Type [Extensible Enumeration] [2],[3],[4] us-gaap:DelayedDrawTermLoanMember  
All-in rate [2],[3],[4] 20.25%  
Bench-mark [2],[3],[4],[5] P  
Spread [2],[3],[4] 4.75%  
PIK [2],[3],[4] 8.00%  
Floor [2],[3],[4] 3.25%  
Initial acquisition date [2],[3],[4] Oct. 01, 2024  
Maturity [2],[3],[4] Mar. 31, 2025  
Par [2],[3],[4],[6] $ 2,742,000  
Amortized cost [1],[2],[3],[4] 2,754,000  
Fair value [2],[3],[4],[7] $ 2,797,000  
Percentage of net assets [2],[3],[4] 0.93%  
Investment, Identifier [Axis]: Total Canadian Warrants    
Investments [Abstract]    
Amortized cost [1] $ 0  
Fair value $ 0  
Percentage of net assets 0.00%  
Investment, Identifier [Axis]: Total Information    
Investments [Abstract]    
Amortized cost [1] $ 0  
Fair value $ 0  
Percentage of net assets 0.00%  
Investment, Identifier [Axis]: Total Investments    
Investments [Abstract]    
Amortized cost [1] $ 274,347,000  
Fair value $ 275,241,000  
Percentage of net assets 91.40%  
Investment, Identifier [Axis]: Total U .S. Warrants Real Estate and Rental and Leasing    
Investments [Abstract]    
Amortized cost [1] $ 243,000  
Fair value $ 225,000  
Percentage of net assets 0.07%  
Investment, Identifier [Axis]: Total U.S. Preferred Stock    
Investments [Abstract]    
Amortized cost [1] $ 500,000  
Fair value $ 500,000  
Percentage of net assets 0.17%  
Investment, Identifier [Axis]: Total U.S. Preferred Stock Real Estate and Rental and Leasing    
Investments [Abstract]    
Amortized cost [1] $ 500,000  
Fair value $ 500,000  
Percentage of net assets 0.17%  
Investment, Identifier [Axis]: Total U.S. Warrants    
Investments [Abstract]    
Amortized cost [1] $ 243,000  
Fair value $ 225,000  
Percentage of net assets 0.07%  
Investment, Identifier [Axis]: Tulip.io Inc. Term Loan All in Rate 14.50% Spread Rate 4.00% PIK 3.00% Floor Rate 8.00% Due 11/4/2028    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[9],[18] lien:TulipIOIncMember  
Investment, Type [Extensible Enumeration] [3],[4],[9],[18] lien:TermLoanMember  
All-in rate [3],[4],[9],[18] 14.50%  
Bench-mark [3],[4],[5],[9],[18] P  
Spread [3],[4],[9],[18] 4.00%  
PIK [3],[4],[9],[18] 3.00%  
Floor [3],[4],[9],[18] 8.00%  
Initial acquisition date [3],[4],[9],[18] Nov. 04, 2024  
Maturity [3],[4],[9],[18] Nov. 04, 2028  
Par [3],[4],[6],[9],[18] $ 3,014,000  
Amortized cost [1],[3],[4],[9],[18] 3,014,000  
Fair value [3],[4],[7],[9],[18] $ 2,984,000  
Percentage of net assets [3],[4],[9],[18] 0.99%  
Investment, Identifier [Axis]: Tulip.io Inc. Warrants    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [9],[18],[19] lien:TulipIOIncMember  
Investment, Type [Extensible Enumeration] [9],[18],[19] Warrant [Member]  
Initial acquisition date [9],[18],[19] Nov. 04, 2024  
Investment owned shares (in shares) [9],[18],[19] 64,776  
Amortized cost [1],[9],[18],[19] $ 0  
Fair value [9],[18],[19] $ 0  
Percentage of net assets [9],[18],[19] 0.00%  
Investment, Identifier [Axis]: U.S. Corporate Debt    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4] lien:USCorporateDebtMember lien:USCorporateDebtMember
Amortized cost [1],[3],[4] $ 270,590,000 $ 53,471,000
Fair value [3],[4],[7] $ 271,532,000 $ 54,120,000
Percentage of net assets [3],[4] 90.17% 63.26%
Investment, Identifier [Axis]: Verano Holdings Corp. Term Loan All in Rate 14.00% Spread Rate 6.50% PIK 0.00% Floor Rate 6.25% Due 10/30/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8],[9] lien:VeranoHoldingsCorpMember  
Investment, Type [Extensible Enumeration] [3],[4],[8],[9] lien:TermLoanMember  
All-in rate [3],[4],[8],[9] 14.00%  
Bench-mark [3],[4],[5],[8],[9] P  
Spread [3],[4],[8],[9] 6.50%  
PIK [3],[4],[8],[9] 0.00%  
Floor [3],[4],[8],[9] 6.25%  
Initial acquisition date [3],[4],[8],[9] Oct. 27, 2022  
Maturity [3],[4],[8],[9] Oct. 30, 2026  
Par [3],[4],[6],[8],[9] $ 51,768,000  
Amortized cost [1],[3],[4],[8],[9] 51,760,000  
Fair value [3],[4],[7],[8],[9] $ 52,027,000  
Percentage of net assets [3],[4],[8],[9] 17.28%  
Investment, Identifier [Axis]: Verano Holdings Corp. Term Loan All in Rate 15.00% Spread Rate 6.50% PIK 0.00% Floor Rate 6.25% Due 10/30/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8],[10]   lien:VeranoHoldingsCorpMember
Investment, Type [Extensible Enumeration] [3],[4],[8],[10]   lien:TermLoanMember
All-in rate [3],[4],[8],[10]   15.00%
Bench-mark [3],[4],[8],[10],[11]   P
Spread [3],[4],[8],[10]   6.50%
PIK [3],[4],[8],[10]   0.00%
Floor [3],[4],[8],[10]   6.25%
Initial acquisition date [3],[4],[8],[10]   Oct. 27, 2022
Maturity [3],[4],[8],[10]   Oct. 30, 2026
Par [3],[4],[6],[8],[10]   $ 20,937,000
Amortized cost [1],[3],[4],[8],[10]   20,462,000
Fair value [3],[4],[7],[8],[10]   $ 20,937,000
Percentage of net assets [3],[4],[8],[10]   24.47%
Investment, Identifier [Axis]: West Creek Financial Holdings, Inc. dba Koalafi Series A Senior Note All in Rate 18.80% Spread Rate 13.80% PIK 5.00% Floor Rate 0.00% Due 11/29/2027    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[13] lien:WestCreekFinancialHoldingsIncDBAKoalafiMember  
Investment, Type [Extensible Enumeration] [3],[4],[13] lien:SeriesASeniorNoteMember  
All-in rate [3],[4],[13] 18.80%  
Bench-mark [3],[4],[5],[13] F  
Spread [3],[4],[13] 13.80%  
PIK [3],[4],[13] 5.00%  
Floor [3],[4],[13] 0.00%  
Initial acquisition date [3],[4],[13] Oct. 01, 2024  
Maturity [3],[4],[13] Nov. 29, 2027  
Par [3],[4],[6],[13] $ 5,148,000  
Amortized cost [1],[3],[4],[13] 5,115,000  
Fair value [3],[4],[7],[13] $ 5,096,000  
Percentage of net assets [3],[4],[13] 1.69%  
Investment, Identifier [Axis]: Workbox Holdings Inc. A-1 Preferred    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [8],[19] lien:WorkboxHoldingsIncMember  
Investment, Type [Extensible Enumeration] [8],[19] lien:PreferredStockA1Member  
Initial acquisition date [8],[19] May 20, 2024  
Investment owned shares (in shares) [8],[19] 500,000  
Amortized cost [1],[8],[19] $ 500,000  
Fair value [8],[19] $ 500,000  
Percentage of net assets [8],[19] 0.17%  
Investment, Identifier [Axis]: Workbox Holdings Inc. A-3 Warrants    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [8],[19] lien:WorkboxHoldingsIncMember  
Investment, Type [Extensible Enumeration] [8],[19] lien:WarrantsA3Member  
Initial acquisition date [8],[19] May 20, 2024  
Investment owned shares (in shares) [8],[19] 71,000  
Amortized cost [1],[8],[19] $ 97,000  
Fair value [8],[19] $ 91,000  
Percentage of net assets [8],[19] 0.03%  
Investment, Identifier [Axis]: Workbox Holdings Inc. A-4 Warrants    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [8],[19] lien:WorkboxHoldingsIncMember  
Investment, Type [Extensible Enumeration] [8],[19] lien:WarrantsA4Member  
Initial acquisition date [8],[19] May 20, 2024  
Investment owned shares (in shares) [8],[19] 105,000  
Amortized cost [1],[8],[19] $ 146,000  
Fair value [8],[19] $ 134,000  
Percentage of net assets [8],[19] 0.04%  
Investment, Identifier [Axis]: Workbox Holdings Inc. Term Loan All in Rate 12.00% Spread Rate 6.00% PIK 6.00% Floor Rate 0.00% Due 5/31/2029    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8] lien:WorkboxHoldingsIncMember  
Investment, Type [Extensible Enumeration] [3],[4],[8] lien:TermLoanMember  
All-in rate [3],[4],[8] 12.00%  
Bench-mark [3],[4],[5],[8] F  
Spread [3],[4],[8] 6.00%  
PIK [3],[4],[8] 6.00%  
Floor [3],[4],[8] 0.00%  
Initial acquisition date [3],[4],[8] May 20, 2024  
Maturity [3],[4],[8] May 31, 2029  
Par [3],[4],[6],[8] $ 1,622,000  
Amortized cost [1],[3],[4],[8] 1,406,000  
Fair value [3],[4],[7],[8] $ 1,452,000  
Percentage of net assets [3],[4],[8] 0.48%  
Investment, Identifier [Axis]: Youth Opportunity Investments, LLC Term Loan All in Rate 12.28% Spread Rate 7.75% PIK 0.00% Floor Rate 4.00% Due 9/18/2026    
Investments [Abstract]    
Investment, Issuer Name [Extensible Enumeration] [3],[4],[8] lien:YouthOpportunityInvestmentsLLCMember  
Investment, Type [Extensible Enumeration] [3],[4],[8] lien:TermLoanMember  
All-in rate [3],[4],[8] 12.28%  
Bench-mark [3],[4],[5],[8] S  
Spread [3],[4],[8] 7.75%  
PIK [3],[4],[8] 0.00%  
Floor [3],[4],[8] 4.00%  
Initial acquisition date [3],[4],[8] Oct. 01, 2024  
Maturity [3],[4],[8] Sep. 18, 2026  
Par [3],[4],[6],[8] $ 10,375,000  
Amortized cost [1],[3],[4],[8] 10,273,000  
Fair value [3],[4],[7],[8] $ 10,323,000  
Percentage of net assets [3],[4],[8] 3.43%  
[1] The amortized cost represents the original cost adjusted for any accretion of discounts, amortization of premiums and PIK interest or dividends.
[2] Portfolio company located in the Northeast.
[3] The Company uses the North American Industry Classification System (“NAICS”) code for classifying the industry grouping of its portfolio companies, excluding any portfolio company operating in the cannabis industry.
[4] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of Financial Accounting Standards Board’s Accounting Standards Codification 820 Fair Value Hierarchy.
[5] Generally, the interest rate on floating interest rate investments is at benchmark rate plus spread, subject to a benchmark interest rate floor. The benchmark rate is determined via the Credit or Loan Service Agreement, such as the Secured Overnight Financing Rate (“S”) or the U.S. Prime Rate (“P”). The terms in the Schedule of Investments disclose the actual interest rate in effect as of the reporting period. S loans are typically indexed to 30-day, 90-day or 180-day rates (1M, 3M or 6M, respectively) as defined in the Loan Service Agreements. As of December 31, 2024, rates for 1M S, 3M S and 6M S are 4.53%, 4.69%, and 5.03%, respectively. As of December 31, 2024, the P was 7.50%.
[6] Par is net of repayments, if any, as per the terms of the debt instrument’s contract.
[7] All investments were valued at fair value. See Note 4 — Fair Value of Financial Instruments in the accompanying notes to the financial statements.
[8] Portfolio company located in the Midwest.
[9] The investment is a “non-qualifying asset.” Under the Investment Company Act of 1940, as amended (the “1940 Act”), a business development company (“BDC”) may not acquire any “non-qualifying asset” (i.e., an asset other than assets of the type listed in Section 55(a) of the 1940 Act, which are referred to as “qualifying assets”), unless, at the time the acquisition is made, qualifying assets represent at least 70% of the BDC’s total assets. As of December 31, 2024 the aggregate fair value of non-qualifying assets is $59,263,833 or 19.14% of the Company’s total assets.
[10] The investment is a “non-qualifying asset.” Under the Investment Company Act of 1940, as amended (the “1940 Act”), a business development company (“BDC”) may not acquire any “non-qualifying asset” (i.e., an asset other than assets of the type listed in Section 55(a) of the 1940 Act, which are referred to as “qualifying assets”), unless, at the time the acquisition is made, qualifying assets represent at least 70% of the BDC’s total assets. As of December 31, 2023 the aggregate fair value of non-qualifying assets is $25,077 or 29.3% of the Company’s total assets
[11] Generally, the interest rate on floating interest rate investments is at benchmark rate plus spread, subject to an benchmark interest rate floor. The benchmark rate is determined via the Credit or Loan Service Agreement, such as the Secured Overnight Financing Rate (“S”) or the U.S. Prime Rate (“P”). The terms in the Schedule of Investments disclose the actual interest rate in effect as of the reporting period. S loans are typically indexed to 30-day, 90-day or 180-day rates (1M, 3M or 6M, respectively) as defined in the Loan Service Agreements. As of December 31, 2023, rates for 1M S, 3M S and 6M S are 5.34%, 5.36%, and 5.35%, respectively. As of December 31, 2023, the P was 8.50%
[12] Portfolio company located in the West.
[13] Portfolio company located in the Southeast.
[14] Portfolio company located in the Southwest.
[15] Included within ‘Cash and cash equivalents’ on the Consolidated Statements of Assets and Liabilities.
[16] The rate shown is the annualized seven-day yield as of December 31, 2023.
[17] The rate shown is the annualized seven-day yield as of December 31, 2024.
[18] The respective portfolio company’s headquarters’ is located outside of the United States.
[19] Indicates a non-income producing investment. As of December 31, 2024, no debt investments are deemed as non-income producing.