XML 27 R8.htm IDEA: XBRL DOCUMENT v3.26.1
Schedule of Investments (Parenthetical) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investments [Abstract]      
Investment term of variable rate 1 month 1 month  
Investment term of variable rate 3 months 3 months  
Investment term of variable rate 6 months    
Percentage of investment variable rate 3.69% 4.33%  
Percentage of investment variable rate 3.65% 4.31%  
Percentage of investment variable rate 3.57%    
Percentage of net assets 158.10% 156.60%  
Number of incentive shares received (in shares) 46 46  
Shares issued (in shares) 1,015 1,015  
Aggregate unfunded commitment amount $ 6,794,311 $ 21,455,258  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 2,845,684 3,899,990 $ 45,283
Beginning value [1],[2] 377,640,318    
Amount of unrealized gains (loss) on investments (15,777,316) (3,436,628) (1,559,013)
Ending value [1] $ 375,043,745 $ 377,640,318 [2]  
Minimum [Member]      
Investments [Abstract]      
Percentage of outstanding voting securities 25.00% 25.00%  
Arrow Home Health LLC and Caregility Corporation [Member]      
Investments [Abstract]      
Percentage of net assets   21.00%  
Investments in Controlled/Affiliate Investments [Abstract]      
Beginning value $ 50,680,798    
Ending value   $ 50,680,798  
Investments First Lien Senior Secured Term Loan [Member] | Arrow Home Health LLC [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] 106,047 97,755  
Beginning value 701,117 748,782  
Gross additions [4] 3,570 2,409  
Gross reductions [5] (7,896) (1,027)  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 67,579 (49,047)  
Ending value 764,370 701,117 748,782
Investments First Lien Senior Secured Term Loan [Member] | Caregility Corporation [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] 220,754 179,274  
Beginning value 2,438,069 2,244,216  
Gross additions [4] 192,525 405,258  
Gross reductions [5] 0 (25,128)  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments (49,291) (186,277)  
Ending value 2,581,303 2,438,069 2,244,216
Investments First Lien Senior Secured Term Loan [Member] | Delva Master Holdings [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0    
Amount of interest or dividends credited to income on investments [3] 0    
Beginning value 0    
Gross additions [4] 901,698    
Gross reductions [5] 0    
Transfers in/(out) of affiliates 0    
Amount of unrealized gains (loss) on investments (50,767)    
Ending value 850,931 0  
Investments First Lien Senior Secured Term Loan [Member] | Lasalle Staffing, LLC [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] 942,610 696,525  
Beginning value 7,287,039 0  
Gross additions [4] 22,717 114,945  
Gross reductions [5] (100,000) (268,139)  
Transfers in/(out) of affiliates 0 7,474,073  
Amount of unrealized gains (loss) on investments (58,971) (33,840)  
Ending value 7,150,785 7,287,039 0
Investments First Lien Senior Secured Term Loan [Member] | MPUSA, LLC (dba Mission) [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] 31,136 355,288  
Beginning value 1,448,543 0  
Gross additions [4] 232,297 0  
Gross reductions [5] (11,843) (475,786)  
Transfers in/(out) of affiliates 0 1,726,068  
Amount of unrealized gains (loss) on investments 43,243 198,261  
Ending value 1,712,240 1,448,543 0
Investments First Lien Senior Secured Term Loan [Member] | Uncle John's Pride, LLC [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] 796,743 864,559  
Beginning value 6,999,302 0  
Gross additions [4] 52,303 12,730  
Gross reductions [5] (1,818,313) (193,514)  
Transfers in/(out) of affiliates 0 7,142,992  
Amount of unrealized gains (loss) on investments (117,077) 37,094  
Ending value 5,116,215 6,999,302 0
Investments First Lien Senior Secured Term Loan [Member] | USBid Inc. [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] 103,675 62,299  
Beginning value 2,240,638 0  
Gross additions [4] 259,511 1,149,839  
Gross reductions [5] (84,897) (4,826,396)  
Transfers in/(out) of affiliates 0 268,292  
Amount of unrealized gains (loss) on investments 184,277 5,648,903  
Ending value 2,599,529 2,240,638 0
Investments First Lien Senior Secured Term Loan [Member] | Watt Acquisition, LLC [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] 300,849 280,497  
Beginning value 2,430,200 0  
Gross additions [4] 134,362 151,864  
Gross reductions [5] (1,068,129) (32,533)  
Transfers in/(out) of affiliates 0 2,148,189  
Amount of unrealized gains (loss) on investments 128,653 162,680  
Ending value 1,625,086 2,430,200 0
Investments First Lien Senior Secured Term Loan One [Member] | Uncle John's Pride, LLC [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0    
Amount of interest or dividends credited to income on investments [3] 170,635    
Beginning value 0    
Gross additions [4] 1,758,680    
Gross reductions [5] (18,108)    
Transfers in/(out) of affiliates 0    
Amount of unrealized gains (loss) on investments 0    
Ending value 1,740,572 0  
Preferred Equity Securities [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Beginning value 53,603,056    
Ending value $ 62,479,421 $ 53,603,056  
Preferred Equity Securities [Member] | Capone Holdings JV, LLC (dba LaSalle Staffing) [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 4,000,000 4,000,000  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 206,284  
Beginning value 6,700,000 0  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 6,200,800  
Amount of unrealized gains (loss) on investments (606,667) 499,200  
Ending value $ 6,093,333 6,700,000 0
Preferred Equity Securities [Member] | Delva Master Holdings [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 1,636    
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0    
Amount of interest or dividends credited to income on investments [3] 0    
Beginning value 0    
Gross additions [4] 4,386,820    
Gross reductions [5] 0    
Transfers in/(out) of affiliates 0    
Amount of unrealized gains (loss) on investments 226,398    
Ending value $ 7,905,825 $ 0  
Preferred Equity Securities [Member] | Microf, LLC [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 0 164,332  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 0 0  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 318,483  
Amount of unrealized gains (loss) on investments 0 (318,483)  
Ending value $ 0 $ 0 0
Preferred Equity Securities [Member] | UJP Acquisition, LLC (dba Uncle John's Pride) [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 2,829,787 2,829,787  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 4,532,872 0  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 4,252,128  
Amount of unrealized gains (loss) on investments 433,405 280,744  
Ending value $ 4,966,277 $ 4,532,872 0
Preferred Equity Securities [Member] | USBid Inc. - Class A Units [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 2,813 2,813  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 0 0  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 0 0  
Ending value $ 0 $ 0 0
Preferred Equity Securities [Member] | USBid Inc. - Class C Units [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 9,375 3,009,375  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 0 0  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 0 0  
Ending value $ 0 $ 0 0
Preferred Equity Securities [Member] | USBid Inc. - Class C2 Units [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 600,000 600,000  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 504,000 0  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 51,469 504,000  
Ending value $ 555,469 $ 504,000 0
Preferred Equity Securities [Member] | USBid Inc. - Class C3 Units [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 2,400,000 24,000,000  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 432,000 0  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 723,469 432,000  
Ending value $ 1,155,469 $ 432,000 0
Preferred Equity Securities [Member] | Watt Contracting Holdings, LLC [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 4,439 3,375  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 3,519,772 0  
Gross additions [4] 1,064,066 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 163,211  
Amount of unrealized gains (loss) on investments 2,676,462 3,356,561  
Ending value $ 7,260,300 $ 3,519,772 0
Preferred Equity Securities One [Member] | Arrow Home Health LLC [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 571,080 571,080  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 151,376 202,097  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 101,049 (50,721)  
Ending value $ 252,425 $ 151,376 202,097
Preferred Equity Securities One [Member] | Caregility Corporation [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 151,018 151,018  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 1,188,605 1,383,250  
Gross additions [4] 429,779 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments (974,714) (194,645)  
Ending value $ 643,670 $ 1,188,605 1,383,250
Preferred Equity Securities One [Member] | MPUSA, LLC (dba Mission) [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 69 69  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 0 0  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 0 0  
Ending value $ 0 $ 0 0
Preferred Equity Securities Two [Member] | Arrow Home Health LLC [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 56,005 56,005  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 112,010 112,010  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 0 0  
Ending value $ 112,010 $ 112,010 112,010
Preferred Equity Securities Two [Member] | Caregility Corporation [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 446,689 3,833,757  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 4,368,416 4,108,869  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 364,272 259,547  
Ending value $ 4,732,688 $ 4,368,416 4,108,869
Preferred Equity Securities Two [Member] | MPUSA, LLC (dba Mission) [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 88 88  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 1,782,334 0  
Gross additions [4] 0 1,960,641  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments (86,856) (178,307)  
Ending value $ 1,695,478 $ 1,782,334 0
Warrants [Member] | Caregility Corporation [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 267,801 267,801  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 0 571,189  
Gross additions [4] 0 0  
Gross reductions [5] 0 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 0 (571,189)  
Ending value 0 0 571,189
Warrants [Member] | UJP Acquisition, LLC (dba Uncle John's Pride) [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments   0  
Amount of interest or dividends credited to income on investments [3]   0  
Beginning value $ 76,329 0  
Gross additions [4]   0  
Gross reductions [5]   0  
Transfers in/(out) of affiliates   47,064  
Amount of unrealized gains (loss) on investments   29,265  
Ending value   $ 76,329 0
Warrants [Member] | Watt Contracting Holdings, LLC [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 100,408 295  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments   $ 0  
Amount of interest or dividends credited to income on investments [3]   0  
Beginning value $ 0 0  
Gross additions [4]   0  
Gross reductions [5]   0  
Transfers in/(out) of affiliates   0  
Amount of unrealized gains (loss) on investments   0  
Ending value   0 0
Warrants and Other Equity Securities [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Beginning value 7,426,377    
Ending value $ 6,022,684 7,426,377  
Warrants and Other Equity Securities [Member] | Delva Master Holdings [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 10,493    
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0    
Amount of interest or dividends credited to income on investments [3] 0    
Beginning value 0    
Gross additions [4] 201,111    
Gross reductions [5] 0    
Transfers in/(out) of affiliates 0    
Amount of unrealized gains (loss) on investments 0    
Ending value $ 0 $ 0  
Warrants and Other Equity Securities [Member] | UJP Acquisition, LLC (dba Uncle John's Pride) [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 127,215 127,215  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0    
Amount of interest or dividends credited to income on investments [3] 0    
Beginning value 76,329    
Gross additions [4] 0    
Gross reductions [5] 0    
Transfers in/(out) of affiliates 0    
Amount of unrealized gains (loss) on investments (46,542)    
Ending value $ 29,787 $ 76,329  
Warrants and Other Equity Securities [Member] | USBid Inc. [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 204 204  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 0    
Gross additions [4] 0    
Gross reductions [5] 0    
Transfers in/(out) of affiliates 0    
Amount of unrealized gains (loss) on investments 0    
Ending value 0 0  
Warrants and Other Equity Securities [Member] | Watt Contracting Holdings, LLC [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0    
Amount of interest or dividends credited to income on investments [3] 0    
Beginning value 0    
Gross additions [4] 0    
Gross reductions [5] 0    
Transfers in/(out) of affiliates 0    
Amount of unrealized gains (loss) on investments 0    
Ending value $ 0 0  
Warrants And Other Equity Securities One [Member] | Delva Master Holdings [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 1,354    
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0    
Amount of interest or dividends credited to income on investments [3] 0    
Beginning value 0    
Gross additions [4] 3,091,496    
Gross reductions [5] 0    
Transfers in/(out) of affiliates 0    
Amount of unrealized gains (loss) on investments 0    
Ending value 0 0  
Senior Secured Notes [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Beginning value $ 341,103    
Ending value   $ 341,103  
Senior Secured Notes [Member] | Caregility Corporation [Member]      
Investments [Abstract]      
Preferred equity securities shares (in shares) 0 320,385  
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments $ 0 $ 0  
Amount of interest or dividends credited to income on investments [3] 0 0  
Beginning value 341,103 0  
Gross additions [4] 88,677 341,103  
Gross reductions [5] (429,780) 0  
Transfers in/(out) of affiliates 0 0  
Amount of unrealized gains (loss) on investments 0 0  
Ending value 0 341,103 0
Senior Unsecured Notes [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Beginning value 3,427,073    
Ending value 3,763,831 3,427,073  
Senior Unsecured Notes [Member] | Microf, LLC [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] (18,658) 360,523  
Beginning value 3,427,073 0  
Gross additions [4] 287,760 0  
Gross reductions [5] (18,982) 0  
Transfers in/(out) of affiliates 0 3,427,073  
Amount of unrealized gains (loss) on investments 67,980 0  
Ending value 3,763,831 3,427,073 0
Investment, Affiliated Issuer [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Ending value 62,857,937    
Investment, Affiliated Issuer [Member] | Arrow Home Health LLC and Caregility Corporation [Member]      
Investments in Controlled/Affiliate Investments [Abstract]      
Amount of realized gain (loss) on investments 0 0  
Amount of interest or dividends credited to income on investments [3] 2,653,791 3,103,004  
Beginning value 50,680,798 9,370,413  
Gross additions [4] 13,107,372 4,138,789  
Gross reductions [5] (3,557,948) (5,822,523)  
Transfers in/(out) of affiliates 0 33,168,373  
Amount of unrealized gains (loss) on investments 3,077,371 9,825,746  
Ending value $ 63,307,593 $ 50,680,798 $ 9,370,413
Investment, Affiliated Issuer [Member] | Arrow Home Health LLC [Member]      
Investments [Abstract]      
Percentage of net assets 26.50%    
[1] 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.
[2] Investment is held by a subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned subsidiary.
[3] Represents the total amount of interest, fees or dividends credited to income for the portion of the period an investment was included in the Affiliate category.
[4] Gross additions include increase in the cost basis of investments resulting from purchases, PIK interest or amortization of original issue discount.
[5] Gross reductions include decreases in the total cost basis of investments resulting from principal repayments or sales.