RELATED PARTY ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2025

RELATED PARTY ARRANGEMENTS

Schedule of components of incentive fees

	For the three months ended				For the six months ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Investment income incentive fees incurred	$	2,158,075	$	2,542,530	$	4,294,566	$	5,051,640
Income incentive fees waived		(928,926)		(1,622,542)		(2,171,769)		(1,826,893)
Incentive fees expense	$	1,229,149	$	919,988	$	2,122,797	$	3,224,747

	June 30, 2025		December 31, 2024
Investment income incentive fee currently payable	$	1,104,958	$	2,351,703
Investment income incentive fee deferred		947,236		757,857
Incentive fee payable	$	2,052,194	$	3,109,560