Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

Borrowings [Abstract]

Summary of Average Debt Outstanding and Interest Rates on Secured Credit Facility

The following table summarizes the average debt outstanding and the interest rates on the Secured Credit Facility for the three months ended March 31, 2026 and March 31, 2025, respectively:

	For the Three Months Ended March 31,
	2026			2025
Average Debt Outstanding	$	424,483,000		$	330,571,123
Effective Interest Rate		6.84	%		7.75	%
Weighted Average Interest Rate (1)		6.42	%		6.98	%

(1)The calculation of weighted average interest rate does not include minimum utilization fees, non-utilization fees, administration fees or the amortization of deferred financing costs.

Interest Expense Related to Secured Credit Facility

For the three months ended March 31, 2026 and March 31, 2025, the components of interest expense related to the Secured Credit Facility were as follows:

	For the Three Months Ended March 31,
	2026		2025
Borrowing interest expense	$	6,716,654	$	5,689,386
Minimum utilization fee		—		—
Non-utilization fees		188,792		423,572
Administration fee		53,060		41,322
Amortization of deferred financing costs		200,034		164,196
Total interest and credit facility fees	$	7,158,540	$	6,318,476