Commitments, Contingencies, and Risks (Tables)

3 Months Ended

Mar. 31, 2026

Commitments, Contingencies, and Risks [Abstract]

Outstanding Commitments

Commitments: As of March 31, 2026 and December 31, 2025, the Company had $11,900,441 and $5,692,616 in outstanding commitments to direct investments and $1,101,695 and $1,101,695 in outstanding commitments to fund investments, respectively.

March 31, 2026	Outstanding Commitments
Direct Investments
Ambient Enterprises Holdco LLC	$	1,465,673
IPA Intermediate Co., LLC		212,766
Kelso Industries		2,331,429
MechanAir, LLC		3,557,540
The Stonewall Group LLC		3,725,329
48forty Intermediate Holdings, Inc. (Alpine Acquisition Corp)		607,704
Total Direct Investments	$	11,900,441
Fund Investments
Madryn Select Opportunities, LP	$	1,101,695
Total Fund Investments	$	1,101,695
Total	$	13,002,136

December 31, 2025	Outstanding Commitments
Direct Investments
Ambient Enterprises Holdco LLC	$	1,922,310
IPA Intermediate Co., LLC		212,766
MechanAir, LLC		3,557,540
Total Direct Investments	$	5,692,616
Fund Investments
Madryn Select Opportunities, LP	$	1,101,695
Total Fund Investments	$	1,101,695
Total	$	6,794,311