XML 56 R46.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value Measurements Investments, Changes in Fair Value of Investments that Use Level 3 Inputs (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
PortfolioCompany
Jun. 30, 2022
USD ($)
Fund
PortfolioCompany
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period $ 327,671,022 $ 132,125,217 $ 303,195,681 $ 103,640,365
Net realized gain (loss) on investments 45,283   45,283 23,917
Net change in unrealized gain (loss) on investments 1,911,331 68,287 1,205,733 (21,025)
Purchases of investments and other adjustments to cost [1] 25,804,145 71,517,381 52,737,311 105,735,727
Proceeds from sales of investments (2,679,712)   (2,679,712) (2,803,043)
Proceeds from principal repayments [2] (1,993,259) (2,541,303) (3,745,486) (5,406,359)
Lien status change     0  
Fair value, end of period 350,758,810 201,169,582 350,758,810 201,169,582
Transfer into Level 3 0 0 0 0
Transfer out of Level 3 0 0 0 0
Fair Value, Inputs, Level 3 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Net change in unrealized gain (loss) on investments 1,911,331 68,287 1,205,733 (21,025)
First Lien Senior Secured Loan [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 282,089,870 93,892,081 260,982,122 79,686,882
Net realized gain (loss) on investments 45,283   45,283 23,917
Net change in unrealized gain (loss) on investments (271,857) (1,173,151) (1,460,800) (948,483)
Purchases of investments and other adjustments to cost [1] 23,201,261 69,238,294 47,199,282 88,827,251
Proceeds from sales of investments (2,679,712)   (2,679,712) (2,803,043)
Proceeds from principal repayments [2] (1,942,362) (2,477,007) (3,643,692) (5,306,307)
Lien status change     0  
Fair value, end of period 300,442,483 159,480,217 300,442,483 159,480,217
Second Lien Senior Secured Loan [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 6,241,109 14,610,144 6,250,270 9,748,549
Net realized gain (loss) on investments 0   0 0
Net change in unrealized gain (loss) on investments (1,128) (253,604) 32,498 (364,794)
Purchases of investments and other adjustments to cost [1] 12,834 41,564 20,944 5,050,105
Proceeds from sales of investments 0   0 0
Proceeds from principal repayments [2] (50,897) (64,296) (101,794) (100,052)
Lien status change     0  
Fair value, end of period 6,201,918 14,333,808 6,201,918 14,333,808
Senior Unsecured Notes [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 1,628,075   0  
Net realized gain (loss) on investments 0   0  
Net change in unrealized gain (loss) on investments (103,550)   (103,550)  
Purchases of investments and other adjustments to cost [1] 69,697   69,697  
Proceeds from sales of investments 0   0  
Proceeds from principal repayments [2] 0   0  
Lien status change     1,628,075  
Fair value, end of period 1,594,222   1,594,222  
Preferred Equity Securities [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 28,600,750 17,943,028 27,088,732 10,604,516
Net realized gain (loss) on investments 0   0 0
Net change in unrealized gain (loss) on investments 1,064,755 577,793 1,277,813 373,814
Purchases of investments and other adjustments to cost [1] 2,100,476 2,166,680 5,027,511 9,709,171
Proceeds from sales of investments 0   0 0
Proceeds from principal repayments [2] 0 0 0 0
Lien status change     (1,628,075)  
Fair value, end of period 31,765,981 20,687,501 31,765,981 20,687,501
Warrants and Other Equity Securities [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 6,013,657 3,601,607 5,829,429 3,600,418
Net realized gain (loss) on investments 0   0 0
Net change in unrealized gain (loss) on investments 1,150,506 944,611 1,334,734 945,800
Purchases of investments and other adjustments to cost [1] 419,877 60,000 419,877 60,000
Proceeds from sales of investments 0   0 0
Proceeds from principal repayments [2] 0 0 0 0
Lien status change     0  
Fair value, end of period 7,584,040 4,606,218 7,584,040 4,606,218
Fund Investments [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Fair value, beginning of period 3,097,561 2,078,357 3,045,128 0
Net realized gain (loss) on investments 0   0 0
Net change in unrealized gain (loss) on investments 72,605 (27,362) 125,038 (27,362)
Purchases of investments and other adjustments to cost [1] 0 10,843 0 2,089,200
Proceeds from sales of investments 0   0 0
Proceeds from principal repayments [2] 0 0 0 0
Lien status change     0  
Fair value, end of period $ 3,170,166 $ 2,061,838 3,170,166 2,061,838
Portfolio 4 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Investment, net     $ 36,859,780 $ 38,713,712
Number of new portfolio companies | PortfolioCompany     4 4
Portfolio 7 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Investment, net     $ 14,457,121  
Number of existing portfolio companies | PortfolioCompany     7  
Portfolio 1 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Investment, net       $ 10,843
Investment in number of existing funds | Fund       1
Portfolio 11 [Member]        
Changes in Fair Value of Level 3 Portfolio Investments [Abstract]        
Investment, net       $ 33,373,213
Number of existing portfolio companies | PortfolioCompany       11
[1] Includes purchases of new investments, premium and discount accretion and amortization and PIK interest.
[2] Includes paydowns receivable from the Statements of Assets and Liabilities