Tax Matters (Tables)

6 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Tax Character of Distributions Paid to Shareholders

The tax character of distributions paid for the six months ended June 30,

2025 and for the year ended December 31, 2024, were as follows:

	For the six months ended June 30, 2025	For the year ended December 31, 2024
Ordinary Income	$16,896	$28,526
Long-term Capital Gain	$—	$—
Return of Capital	$—	$—

Schedule of Accumulated Appreciation (Depreciation) as Calculated on Tax Basis

As of June 30, 2025 and December 31, 2024, the tax cost and estimated gross unrealized appreciation/(depreciation) from

investments for federal income tax purposes are as follows.

	June 30, 2025	December 31, 2024
Tax cost	$729,603	$556,863
Gross unrealized appreciation	$6,361	$3,473
Gross unrealized depreciation	(3,749)	(3,249)
Net unrealized investment appreciation / (depreciation)  on investments	$2,612	$224

Schedule of Effective Income Tax Rate Reconciliation

Total income tax (expense) benefit for the Company differs from the amount computed by applying the federal statutory

income tax rate of 21% to net increase (decrease) in net assets from operations for the period January 1, 2025 through

June 30, 2025, as follows:

	Period ended ended June 30, 2025
Income tax (expense)/benefit at federal statutory tax rate	$(4,253)
Income attributable to the RIC and not subject to corporate tax	3,704
State and local income tax benefit (net of federal detriment)	(118)
Prior year net operating loss carryforward	—
Prior year provision to return adjustments	—
Other	(1)
Permanent differences	—
Change in Valuation Allowance	(2)
Total income tax (expense)/benefits	$(670)