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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
From non-controlled/non-affiliated investments:        
Interest income $ 18,493,403 $ 9,150,770 $ 47,011,382 $ 14,824,697
Dividend income 472,604 0 1,407,538 0
Fee income 30,716 22,706 120,719 25,985
Total investment income 18,996,723 9,173,476 48,539,639 14,850,682
Expenses:        
Interest and debt fee expense 5,753,081 3,171,049 16,756,782 3,699,563
Management fees 1,147,137 676,482 2,763,043 1,542,831
Income incentive fee 1,295,382 465,852 3,005,154 465,852
Capital gain incentive fees (151,781) 429,740 (78,801) 747,254
Professional fees 630,870 497,075 1,853,154 1,444,531
Amortization of continuous offering costs 403,495 262,186 1,108,429 508,503
Administrative service expenses 270,203 298,898 803,951 649,556
Amortization of deferred financing costs 173,480 173,481 516,669 307,362
Directors' fees and expenses 100,000 100,000 300,000 266,667
Organization costs 0 1,211 0 219,683
Other expenses 155,402 132,888 402,057 309,629
Total expenses 9,777,269 6,208,862 27,430,438 10,161,431
Expenses waived by the Advisor (Note 3) (203,057) (768,088) (1,090,004) (1,459,857)
Management fee waiver 0 0 0 (128,140)
Income incentive fee waiver 0 (465,852) 0 (465,852)
Net expenses 9,574,212 4,974,922 26,340,434 8,107,582
Net investment income 9,422,511 4,198,554 [1] 22,199,205 6,743,100 [1]
Net change in unrealized appreciation (depreciation):        
Derivative instruments (Note 5) (599,133) 0 (587,496) 0
Foreign currency and other transactions 696,538 0 686,533 0
Net change in unrealized appreciation (depreciation) (1,661,473) 2,595,085 [1] (2,572,677) 4,931,422 [1]
Realized gain (loss):        
Foreign currency and other transactions 0 0 (1,621) 0
Net realized gain (loss) 479,918 709,438 [1] 2,137,087 913,214 [1]
Net realized and unrealized gain (loss) (1,181,555) 3,304,523 (435,590) 5,844,636
Net increase (decrease) in net assets resulting from operations 8,240,956 7,503,077 [1] 21,763,615 12,587,736 [1]
Non-controlled/Non-affiliated Investments [Member]        
Net change in unrealized appreciation (depreciation):        
Net change in unrealized appreciation (depreciation) (1,758,878) 2,595,085 (2,671,714) 4,931,422
Realized gain (loss):        
Net realized gain (loss) $ 479,918 $ 709,438 $ 2,138,708 $ 913,214
[1] Common Shares issued during the three and nine months ended September 30, 2023 relate to the Private Offering and became Class I shares as part of Public Offering effective June 24, 2024. Common Shares issued pursuant to the Private Offering are presented as Class I to conform with current period presentation.