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Agreements and Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2025

Related Party Transactions [Abstract]

Summary of Related Party Transactions under the Advisory and Administration Agreements

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser for the three months ended March 31, 2025 and 2024:


		For the three months ended March 31,
		2025		2024
Base management fees		$848,036		$951,799
Waiver of base management fees		(74,143)		(97,431)
Income-based incentive fees		—		—
Waiver of income-based incentive fees		—		—
Capital gains fee		—		—
Allocation of administrative costs from Adviser		254,023		225,856
Total net expense to affiliates		$1,027,916		$1,080,224

Schedule of Resulting from Transactions under the Advisory and Administration Agreements

The following table provides a summary of related party transactions under the Advisory and Administration Agreements with the Adviser as of March 31, 2025 and December 31, 2024:


		March 31, 2025		December 31, 2024
Due from affiliate		$—		$—
Total amount due from affiliate		$—		$—

Base management fees payable		$1,543,069		$769,176
Income-based incentive fees payable		501,955		501,955
Capital gains fee payable		—		—
Allocation of administrative costs from Adviser payable(1)		281,895		27,868
Total amount due to affiliates		$2,326,919		$1,298,999

(1)

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