Consolidated Statements of Assets and Liabilities - USD ($)		Sep. 30, 2025		Dec. 31, 2024
ASSETS
Investments at fair value	[2]	$ 364,519,519	[1],[3],[4]	$ 377,640,318
Cash		3,721,412		4,028,665
Interest receivable		4,452,350		3,887,028
Deferred financing cost		1,689,411		2,169,211
Receivable for investments sold		367,810		0
Paydown receivable		71,244		341,471
Other receivable		57,498		0
Prepaid expenses		41,447		6,748
Total assets		374,920,691		388,073,441
LIABILITIES
Credit facility payable		110,750,000		122,500,000
Redemptions payable		6,095,288		5,637,890
Incentive fees payable (Note 6)		5,510,270		2,813,724
Deferred tax liabilities		3,954,326		6,094,196
Credit facility interest payable		1,967,390		2,267,199
Management fees payable (Note 6)		1,161,778		1,157,509
Subscriptions received in advance		802,500		0
Professional fees payable		401,259		434,744
Reimbursement expense payable		156,416		77,275
Other payables		59,369		900,145
Legal fees payable		60,706		37,883
Taxes payable		29,149		0
Distributions payable		0		5,322,771
Total liabilities		130,948,451		147,243,336
Commitments and contingencies (Note 11)
NET ASSETS
Common shares, $0.001 par value (200,000,000 shares authorized, 10,042,249 and 9,857,301 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively)		10,043		9,858
Additional paid-in capital		251,065,709		246,622,366
Accumulated undistributed (overdistributed) earnings		(7,103,512)		(5,802,119)
Total net assets		$ 243,972,240		$ 240,830,105
Net asset value per share (in dollars per share)		$ 24.29		$ 24.43
Non-controlled/Non-affiliated Investments [Member]
ASSETS
Investments at fair value		$ 302,734,701		$ 326,959,520
Controlled/Affiliate Investments [Member]
ASSETS
Investments at fair value		$ 61,784,818		$ 50,680,798

[1] As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and may have “Control” of this portfolio company as the Company and/or its affiliated funds collectively owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in affiliates for the nine months ended September 30, 2025 were Arrow Home Health, LLC, Caregility Corporation, Delva Master Holdings, LaSalle Staffing, LLC, Microf, LLC, Uncle John’s Pride, LLC, USBid Inc, MPUSA LLC and Watt Acquisition, LLC which represented $61,784,818 of Fair Value and 25.3% of Net Assets of the Company. Transactions related to investments in “Controlled/Affiliate Investments” for the nine months ended September 30, 2025 were as follows:

[2] Because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Company’s board of directors (the “Board”) as required by the 1940 Act. See Note 4 “Fair Value Measurements” in the accompanying notes to the consolidated financial statements.

[3] Investment is held by a subsidiary of the Company. See Note 2 “Significant Accounting Policies” in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned subsidiary.

[4] The Company has determined the indicated investments are non-qualifying assets under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets.