RELATED PARTY ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2023

RELATED PARTY ARRANGEMENTS

Schedule of components of incentive fees

	For the three months ended
	March 31, 2023		March 31, 2022
Investment income incentive fees incurred	$	2,124,835	$	—
Capital gains incentive fees reversed		(569,528)		(42,217)
Incentive fees expense (reversal)	$	1,555,307	$	(42,217)

	March 31, 2023		December 31, 2022
Investment income incentive fee currently payable	$	4,015,852	$	2,083,928
Investment income incentive fee deferred		573,391		380,480
Capital gains incentive fee deferred		—		569,528
Incentive fee payable	$	4,589,243	$	3,033,936