RELATED PARTY ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2023

RELATED PARTY ARRANGEMENTS

Schedule of components of incentive fees

	For the three months ended				For the nine months ended
	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Investment income incentive fees incurred	$	2,705,200	$	1,635,641	$	7,433,039	$	1,635,641
Capital gains incentive fees reversed		—		(646,757)		(569,528)		(1,672,549)
Incentive fees expense (reversal)	$	2,705,200	$	988,884	$	6,863,511	$	(36,908)

	September 30, 2023		December 31, 2022
Investment income incentive fee currently payable	$	2,622,778	$	2,083,928
Investment income incentive fee deferred		435,772		380,480
Capital gains incentive fee deferred		—		569,528
Incentive fee payable	$	3,058,550	$	3,033,936