Saratoga Investment (SAR) 10-Q 9 Jan 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Nov. 30, 2023	Jan. 08, 2024
Document Information [Line Items]
Entity Registrant Name	SARATOGA INVESTMENT CORP.
Document Type	10-Q
Current Fiscal Year End Date	--02-28
Entity Common Stock, Shares Outstanding		13,653,476
Amendment Flag	false
Entity Central Index Key	0001377936
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Nov. 30, 2023
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Securities Act File Number	814-00732
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	20-8700615
Entity Address, Address Line One	535 Madison Avenue
Entity Address, State or Province	NY
Entity Address, City or Town	New York
Entity Address, Postal Zip Code	10022
City Area Code	(212)
Local Phone Number	906-7800
Entity Interactive Data Current	Yes
Common Stock, par value $0.001 per share
Document Information [Line Items]
Trading Symbol	SAR
Title of 12(b) Security	Common Stock, par value $0.001 per share
Security Exchange Name	NYSE
6.00% Notes due 2027
Document Information [Line Items]
Trading Symbol	SAT
Title of 12(b) Security	6.00% Notes due 2027
Security Exchange Name	NYSE
8.00% Notes due 2027
Document Information [Line Items]
Trading Symbol	SAJ
Title of 12(b) Security	8.00% Notes due 2027
Security Exchange Name	NYSE
8.125% Notes due 2027
Document Information [Line Items]
Trading Symbol	SAY
Title of 12(b) Security	8.125% Notes due 2027
Security Exchange Name	NYSE
8.50% Notes due 2027
Document Information [Line Items]
Trading Symbol	SAZ
Title of 12(b) Security	8.50% Notes due 2027
Security Exchange Name	NYSE

Consolidated Statements of Asse

Consolidated Statements of Assets and Liabilities - USD ($)	Nov. 30, 2023	Feb. 28, 2023
Investments at fair value
Non-control/Non-affiliate investments (amortized cost of $983,711,569 and $819,966,208, respectively)	$ 976,440,074	$ 828,028,800
Affiliate investments (amortized cost of $45,834,741 and $25,722,320, respectively)	47,128,397	28,305,871
Control investments (amortized cost of $118,317,634 and $120,800,829, respectively)	90,470,138	116,255,582
Total investments at fair value (amortized cost of $1,147,863,944 and $966,489,357, respectively)	1,114,038,609	972,590,253
Cash and cash equivalents	21,386,880	65,746,494
Cash and cash equivalents, reserve accounts	25,639,619	30,329,779
Interest receivable (net of reserve of $6,951,408 and $2,217,300, respectively)	9,235,919	8,159,951
Management fee receivable	364,032	363,809
Other assets	932,383	531,337
Current tax receivable	99,676	436,551
Total assets	1,171,697,118	1,078,158,174
LIABILITIES
Revolving credit facility	35,000,000	32,500,000
Commitments and contingencies (See Note 9)
NET ASSETS
Common stock, par value $0.001, 100,000,000 common shares authorized, 13,114,977 and 11,890,500 common shares issued and outstanding, respectively	13,115	11,891
Capital in excess of par value	356,698,595	321,893,806
Total distributable earnings	2,847,039	25,052,345
Total net assets	359,558,749	346,958,042
Total liabilities and net assets	$ 1,171,697,118	$ 1,078,158,174
NET ASSET VALUE PER SHARE (in Dollars per share)	$ 27.42	$ 29.18
Debentures payable
LIABILITIES
Deferred debt financing costs	$ (5,789,246)	$ (4,923,488)
8.75% Notes Payable 2024
LIABILITIES
Deferred debt financing costs	(10,576)
Notes Payable	20,000,000
Discount on notes payable	(251,521)
7.00% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(28,165)	(40,118)
Notes Payable	12,000,000	12,000,000
Discount on notes payable	(222,781)	(304,946)
Base management and incentive fees payable	8,139,713	12,114,878
Deferred tax liability	3,422,306	2,816,572
Accounts payable and accrued expenses	2,086,243	1,464,343
Interest and debt fees payable	4,609,435	3,652,936
Directors fees payable		14,932
Due to manager	250,000	10,935
Total liabilities	812,138,369	731,200,132
7.75% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(88,206)	(129,528)
Notes Payable	5,000,000	5,000,000
4.375% Notes Payable 2026
LIABILITIES
Deferred debt financing costs	(1,918,155)	(2,552,924)
Notes Payable	175,000,000	175,000,000
Premium on 4.375% notes payable 2026	641,310	830,824
4.35% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,119,041)	(1,378,515)
Notes Payable	75,000,000	75,000,000
Discount on notes payable	(330,619)	(408,932)
6.25% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(291,226)	(344,949)
Notes Payable	15,000,000	15,000,000
6.00% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(2,399,002)	(2,926,637)
Notes Payable	105,500,000	105,500,000
Discount on notes payable	(132,538)	(159,334)
8.00% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,360,960)	(1,622,376)
Notes Payable	46,000,000	46,000,000
8.125% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,665,155)	(1,944,536)
Notes Payable	60,375,000	60,375,000
8.50% Notes Payable 2028
LIABILITIES
Deferred debt financing costs	(1,781,486)
Notes Payable	57,500,000
Revolving credit facility
LIABILITIES
Deferred debt financing costs	(996,961)	(1,344,005)
Revolving credit facility | Debentures payable
LIABILITIES
Notes Payable	$ 205,000,000	$ 202,000,000

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Parentheticals) - USD ($)	Nov. 30, 2023	Feb. 28, 2023
Amortized cost (in Dollars)	$ 1,147,863,944	$ 966,489,357
Net reserve of interest receivable (in Dollars)	$ 6,951,408	$ 2,217,300
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in Shares)	100,000,000	100,000,000
Common stock, shares issued (in Shares)	13,114,977	11,890,500
Common stock, shares outstanding (in Shares)	13,114,977	11,890,500
7.00% Notes Payable 2025
Notes payable discount, percentage	7%
Debt financing costs, percentage	7%
7.75% Notes Payable 2025
Notes payable discount, percentage	7.75%
Debt financing costs, percentage	7.75%
4.375% Notes Payable 2026
Notes payable discount, percentage	4.375%
Debt financing costs, percentage	4.375%
Notes payable premium, percentage	4.375%
4.35% Notes Payable 2027
Notes payable discount, percentage	4.35%
Debt financing costs, percentage	4.35%
6.25% Notes Payable 2027
Notes payable discount, percentage	6.25%
Debt financing costs, percentage	6.25%
6.00% Notes Payable 2027
Notes payable discount, percentage	6%
Debt financing costs, percentage	6%
8.00% Notes Payable 2027
Notes payable discount, percentage	8%
Debt financing costs, percentage	8%
8.125% Notes Payable 2027
Notes payable discount, percentage	8.125%
Debt financing costs, percentage	8.125%
8.50% Notes Payable 2028
Notes payable discount, percentage	8.50%
Debt financing costs, percentage	8.50%
Non-control/Non-affiliate investments [Member]
Amortized cost (in Dollars)	$ 983,711,569	$ 819,966,208
Affiliated Investments [Member]
Amortized cost (in Dollars)	45,834,741	25,722,320
Control investments [Member]
Amortized cost (in Dollars)	$ 118,317,634	$ 120,800,829

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Interest income:
Non-control/Non-affiliate investments	$ 28,741,745	$ 19,549,044	$ 83,542,257	$ 49,597,660
Affiliate investments	1,165,585	1,914,800	2,799,735	4,287,449
Control investments	2,183,242	1,671,354	6,314,550	4,731,150
Payment-in-kind interest income:
Non-control/Non-affiliate investments	88,106	87,130	706,339	258,557
Affiliate investments	221,348	191,860	644,484	221,027
Control investments	258,729	102,720	542,581	260,161
Total interest from investments	32,658,755	23,516,908	94,549,946	59,356,004
Interest from cash and cash equivalents	521,574	200,258	1,864,956	235,410
Management fee income	819,929	818,254	2,453,967	2,451,242
Dividend Income	1,828,584	436,941	5,301,097	949,758
Structuring and advisory fee income	312,135	553,497	1,786,357	2,813,311
Other income	199,368	731,166	530,210	983,277
Total investment income	36,340,345	26,257,024	106,486,533	66,789,002
OPERATING EXPENSES
Interest and debt financing expenses	12,522,357	8,449,900	36,628,641	23,243,438
Base management fees	4,857,059	4,258,821	14,262,147	12,164,989
Incentive management fees expense	2,243,621	1,531,060	4,828,442	216,915
Professional fees	434,552	558,531	1,407,275	1,344,021
Administrator expenses	1,075,000	818,750	2,797,917	2,341,667
Insurance	81,002	89,187	244,804	266,723
Directors fees and expenses	80,729	80,000	280,797	300,000
General and administrative	660,062	525,202	1,957,906	1,492,063
Income tax expense (benefit)	219,900	68,136	(11,193)	(132,487)
Total operating expenses	22,174,282	16,379,587	62,396,736	41,237,329
NET INVESTMENT INCOME	14,166,063	9,877,437	44,089,797	25,551,673
Net realized gain (loss) from investments:
Non-control/Non-affiliate investments	60,565	(740,434)	151,256	7,365,913
Net realized gain (loss) from investments	60,565	(740,434)	151,256	7,365,913
Income tax (provision) benefit from realized gain on investments		479,318		548,568
Net change in unrealized appreciation (depreciation) on investments:
Non-control/Non-affiliate investments	(1,948,502)	2,082,634	(15,334,087)	(12,430,125)
Affiliate investments	(1,084,259)	693,483	(1,289,895)	3,861,523
Control investments	(14,833,592)	(5,952,325)	(23,302,249)	(17,199,511)
Net change in unrealized appreciation (depreciation) on investments	(17,866,353)	(3,176,208)	(39,926,231)	(25,768,113)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(415,894)	(425,848)	(577,693)	(1,017,953)
Net realized and unrealized gain (loss) on investments	(18,221,682)	(3,863,172)	(40,352,668)	(18,871,585)
Realized losses on extinguishment of debt			(110,056)	(1,204,809)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ (4,055,619)	$ 6,014,265	$ 3,627,073	$ 5,475,279
WEIGHTED AVERAGE - BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share)	$ (0.31)	$ 0.51	$ 0.29	$ 0.46
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares)	13,052,896	11,893,173	12,355,815	11,989,811

Consolidated Statements of Op_2

Consolidated Statements of Operations (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Income Statement [Abstract]
WEIGHTED AVERAGE - DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share)	$ (0.31)	$ 0.51	$ 0.29	$ 0.46
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED	13,052,896	11,893,173	12,355,815	11,989,811

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets (Unaudited) - USD ($)		9 Months Ended
		Nov. 30, 2023	Nov. 30, 2022
INCREASE (DECREASE) FROM OPERATIONS:
Net investment income		$ 44,089,797	$ 25,551,673
Net realized gain from investments		151,256	7,365,913
Realized losses on extinguishment of debt		(110,056)	(1,204,809)
Income tax (provision) benefit from realized gain on investments			548,568
Net change in unrealized appreciation (depreciation) on investments		(39,926,231)	(25,768,113)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments		(577,693)	(1,017,953)
Net increase in net assets resulting from operations		3,627,073	5,475,279
DECREASE FROM SHAREHOLDER DISTRIBUTIONS:
Total distributions to shareholders		(25,832,379)	(19,232,096)
Net decrease in net assets from shareholder distributions		(25,832,379)	(19,232,096)
CAPITAL SHARE TRANSACTIONS:
Proceeds from issuance of common stock	[1]	31,510,617
Capital contribution from manager		3,093,288
Stock dividend distribution		2,667,152	3,347,802
Repurchases of common stock		(2,157,605)	(9,600,116)
Repurchase fees		(1,772)	(7,792)
Offering costs		(305,667)
Net increase (decrease) in net assets from capital share transactions		34,806,013	(6,260,106)
Total increase (decrease) in net assets		12,600,707	(20,016,923)
Net assets at beginning of period		346,958,042	355,780,523
Net assets at end of period		$ 359,558,749	$ 335,763,600
[1]See Note 11 to the Consolidated Financial Statements contained herein for more information on share issuance.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Operating activities
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ 3,627,073	$ 5,475,279
FROM OPERATIONS TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Payment-in-kind and other adjustments to cost	4,054,128	1,374,899
Net accretion of discount on investments	(1,641,652)	(1,245,358)
Amortization of deferred debt financing costs	3,909,127	2,567,903
Realized losses on extinguishment of debt	110,056	1,204,809
Income tax expense (benefit)	(11,193)	(681,055)
Net realized (gain) loss from investments	(151,256)	(7,365,913)
Net change in unrealized (appreciation) depreciation on investments	39,926,231	25,768,113
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	577,693	1,017,953
Proceeds from sales and repayments of investments	19,247,834	162,090,516
Purchases of investments	(202,883,641)	(345,088,953)
(Increase) decrease in operating assets:
Interest receivable	(1,075,968)	(3,722,035)
Due from affiliate		90,968
Management fee receivable	(223)	(1,266)
Other assets	(401,046)	18,119
Current income tax receivable	336,875
Increase (decrease) in operating liabilities:
Base management and incentive fees payable	(3,975,165)	(3,390,134)
Accounts payable and accrued expenses	621,900	466,950
Current tax payable		(2,793,200)
Interest and debt fees payable	956,499	2,145,104
Directors fees payable	(14,932)	25,932
Excise tax payable		(630,183)
Due to manager	239,065	(257,628)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(136,548,595)	(162,929,180)
Financing activities
Borrowings on debt	62,500,000	105,500,000
Paydowns on debt	(57,000,000)	(35,340,000)
Issuance of notes	77,500,000	163,500,000
Repayments of notes		(43,125,000)
Payments of deferred debt financing costs	(4,474,813)	(7,400,318)
Discount on debt issuance, 6.00% notes 2027		(176,000)
Discount on debt issuance, 7.00% notes 2025		(360,000)
Proceeds from issuance of common stock	31,510,617
Capital contribution from manager	3,093,288
Payments of cash dividends	(23,165,227)	(15,884,294)
Repurchases of common stock	(2,157,605)	(9,600,116)
Repurchases fees	(1,772)	(7,792)
Payments of offering costs	(305,667)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	87,498,821	157,106,480
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS	(49,049,774)	(5,822,700)
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, BEGINNING OF PERIOD	96,076,273	52,870,342
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, END OF PERIOD (See Note 2)	47,026,499	47,047,642
Supplemental information:
Interest paid during the period	31,763,015	18,374,593
Cash paid for taxes	654,930	2,770,984
Supplemental non-cash information:
Payment-in-kind interest income and other adjustments to cost	(4,054,128)	1,374,899
Net accretion of discount on investments	1,641,652	1,245,358
Amortization of deferred debt financing costs	3,909,127	2,567,903
Stock dividend distribution	$ 2,667,152	$ 3,347,802

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parentheticals)	Nov. 30, 2023	Nov. 30, 2022
Notes 2027 [Member]
Discount on debt issuance percentage	6%	6%
Notes 2025 [Member]
Discount on debt issuance percentage	7%	7%

Consolidated Schedule of Invest

Consolidated Schedule of Investments (unaudited) - USD ($)		9 Months Ended		12 Months Ended
		Nov. 30, 2023		Feb. 28, 2023
Total Alternative Investment Management Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			3%
Fair Value	[1],[2],[3]			$ 10,459,372
Cost	[1],[2]			$ 9,907,457
Total Alternative Investment Management Software [Member] | Altvia MidCo, LLC. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			2.30%
Fair Value	[1],[2],[3]			$ 7,911,372
Cost	[1],[2]			7,907,457
Principal/ Number of Shares	[1],[2]			$ 7,980,000
Original Acquisition Date	[1],[2]			Jul. 18, 2022
Total Alternative Investment Management Software [Member] | Altvia MidCo, LLC. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]			0.70%
Fair Value	[1],[2],[3],[4]			$ 2,548,000
Cost	[1],[2],[4]			2,000,000
Principal/ Number of Shares	[1],[2],[4]			$ 2,000,000
Original Acquisition Date	[1],[2],[4]			Jul. 18, 2022
Total Alternative Investment Management Software [Member] | Saratoga CLO [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3%
Fair Value	[1],[2],[3]	$ 10,809,750
Cost	[1],[2]	$ 9,856,836
Total Alternative Investment Management Software [Member] | Saratoga CLO [Member] | Altvia MidCo, LLC. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.20%
Fair Value	[1],[2],[3]	$ 7,890,696
Cost	[1],[2]	7,856,836
Principal/ Number of Shares	[1],[2]	$ 7,920,000
Original Acquisition Date	[1],[2]	Jul. 18, 2022
Total Alternative Investment Management Software [Member] | Saratoga CLO [Member] | Altvia MidCo, LLC. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.80%
Fair Value	[1],[2],[3],[4]	$ 2,919,054
Cost	[1],[2],[4]	2,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 2,000,000
Original Acquisition Date	[1],[2],[4]	Jul. 18, 2022
Total Architecture & Engineering Software [Member] | Saratoga CLO [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets		7%
Fair Value	[3]	$ 25,035,375
Cost		$ 25,016,169
Total Architecture & Engineering Software [Member] | Saratoga CLO [Member] | BQE Software, Inc [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	6.80%
Fair Value	[1],[2],[3]	$ 24,291,750
Cost	[1],[2]	24,273,149
Principal/ Number of Shares	[1],[2]	$ 24,500,000
Original Acquisition Date	[1],[2]	Apr. 13, 2023
Total Architecture & Engineering Software [Member] | Saratoga CLO [Member] | BQE Software, Inc One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0.20%
Fair Value	[1],[2],[3],[5]	$ 743,625
Cost	[1],[2],[5]	743,020
Principal/ Number of Shares	[1],[2],[5]	$ 750,000
Original Acquisition Date	[1],[2],[5]	Apr. 13, 2023
Total Association Management Software [Member] | Saratoga CLO [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	6.60%
Fair Value	[1],[2],[3]	$ 23,696,371
Cost	[1],[2]	$ 23,349,951
Total Association Management Software [Member] | Saratoga CLO [Member] | GrowthZone, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	6.30%
Fair Value	[1],[2],[3]	$ 22,588,272
Cost	[1],[2]	22,277,557
Principal/ Number of Shares	[1],[2]	$ 22,649,425
Original Acquisition Date	[1],[2]	May 10, 2023
Total Association Management Software [Member] | Saratoga CLO [Member] | Golden TopCo LP [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.30%
Fair Value	[1],[2],[3],[4]	$ 1,108,099
Cost	[1],[2],[4]	1,072,394
Principal/ Number of Shares	[1],[2],[4]	$ 1,072,394
Original Acquisition Date	[1],[2],[4]	May 10, 2023
Total Consumer Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			18.30%
Fair Value	[1],[2],[3]			$ 63,642,327
Cost	[1],[2]			$ 60,059,057
Total Consumer Services [Member] | Artemis Wax Corp.[Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5],[6]			16.60%
Fair Value	[1],[2],[3],[5],[6]			$ 57,500,000
Cost	[1],[2],[5],[6]			57,059,057
Principal/ Number of Shares	[1],[2],[5],[6]			$ 57,500,000
Original Acquisition Date	[1],[2],[5],[6]			May 20, 2021
Total Consumer Services [Member] | Artemis Wax Corp. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]			1.30%
Fair Value	[1],[2],[3],[4]			$ 4,642,322
Cost	[1],[2],[4]			1,500,000
Principal/ Number of Shares	[1],[2],[4]			$ 934,463
Original Acquisition Date	[1],[2],[4]			May 20, 2021
Total Consumer Services [Member] | Artemis Wax Corp. Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]			0.40%
Fair Value	[1],[2],[3],[4]			$ 1,500,005
Cost	[1],[2],[4]			1,500,000
Principal/ Number of Shares	[1],[2],[4]			$ 278,769
Original Acquisition Date	[1],[2],[4]			Dec. 22, 2022
Total Consumer Services [Member] | Destiny Solutions Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7]	2.70%
Fair Value	[1],[2],[3],[4],[7]	$ 9,633,415
Cost	[1],[2],[4],[7]	3,969,291
Principal/ Number of Shares	[1],[2],[4],[7]	$ 3,068
Original Acquisition Date	[1],[2],[4],[7]	May 16, 2018
Total Consumer Services [Member] | Saratoga CLO [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets		17.90%
Fair Value	[3]	$ 63,972,273
Cost		$ 60,182,306
Total Consumer Services [Member] | Saratoga CLO [Member] | Artemis Wax Corp.[Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5],[6]	16.10%
Fair Value	[1],[2],[3],[5],[6]	$ 57,747,250
Cost	[1],[2],[5],[6]	57,182,306
Principal/ Number of Shares	[1],[2],[5],[6]	$ 57,500,000
Original Acquisition Date	[1],[2],[5],[6]	May 20, 2021
Total Consumer Services [Member] | Saratoga CLO [Member] | Artemis Wax Corp. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	1.30%
Fair Value	[1],[2],[3],[4]	$ 4,556,457
Cost	[1],[2],[4]	1,500,000
Principal/ Number of Shares	[1],[2],[4]	$ 934,463
Original Acquisition Date	[1],[2],[4]	May 20, 2021
Total Consumer Services [Member] | Saratoga CLO [Member] | Artemis Wax Corp. Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.50%
Fair Value	[1],[2],[4]	$ 1,668,566
Cost	[1],[2],[4]	1,500,000
Principal/ Number of Shares	[1],[2],[4]	$ 278,769
Original Acquisition Date	[1],[2],[4]	Dec. 22, 2022
Total Corporate Education Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.80%		1.10%
Fair Value	[1],[2],[3]	$ 13,521,472		$ 3,809,091
Cost	[1],[2]	$ 15,806,279		$ 475,698
Total Corporate Education Software [Member] | Schoox, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7]			1.10%
Fair Value	[1],[2],[3],[4],[7]			$ 3,809,091
Cost	[1],[2],[4],[7]			475,698
Principal/ Number of Shares	[1],[2],[4],[7]			$ 1,050
Original Acquisition Date	[1],[2],[4],[7]			Dec. 08, 2020
Total Corporate Education Software [Member] | ETU Holdings, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[8]			0.90%
Fair Value	[1],[2],[3],[4],[8]			$ 3,072,504
Cost	[1],[2],[4],[8]			3,000,000
Principal/ Number of Shares	[1],[2],[4],[8]			$ 3,000,000
Original Acquisition Date	[1],[2],[4],[8]			Aug. 18, 2022
Total Corporate Education Software [Member] | Saratoga CLO [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.20%
Fair Value	[1],[2],[3]	$ 4,397,441
Cost	[1],[2]	$ 475,698
Total Corporate Education Software [Member] | Saratoga CLO [Member] | Schoox, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7]	1.20%
Fair Value	[1],[2],[3],[4],[7]	$ 4,397,441
Cost	[1],[2],[4],[7]	475,698
Principal/ Number of Shares	[1],[2],[4],[7]	$ 1,050
Original Acquisition Date	[1],[2],[4],[7]	Dec. 08, 2020
Total Cyber Security [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			0.70%
Fair Value	[1],[2],[3]			$ 2,509,210
Cost	[1],[2]			$ 1,906,275
Total Cyber Security [Member] | GreyHeller LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]			0.70%
Fair Value	[1],[2],[3],[4]			$ 2,509,210
Cost	[1],[2],[4]			1,906,275
Principal/ Number of Shares	[1],[2],[4]			$ 7,857,689
Original Acquisition Date	[1],[2],[4]			Nov. 10, 2021
Total Cyber Security [Member] | Saratoga CLO [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	0.80%
Fair Value	[1],[2],[3]	$ 2,715,526
Cost	[1],[2]	$ 1,906,275
Total Cyber Security [Member] | Saratoga CLO [Member] | GreyHeller LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.80%
Fair Value	[1],[2],[3],[4]	$ 2,715,526
Cost	[1],[2],[4]	1,906,275
Principal/ Number of Shares	[1],[2],[4]	$ 7,857,689
Original Acquisition Date	[1],[2],[4]	Nov. 10, 2021
Total Dental Practice Management [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	6.30%		3.50%
Fair Value	[1],[2],[3]	$ 22,796,145		$ 12,151,216
Cost	[1],[2]	$ 22,920,525		$ 12,046,965
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]			0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]			(94,504)
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]			Feb. 08, 2023
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7]	0.30%
Fair Value	[1],[2],[3],[4],[7]	$ 1,091,738
Cost	[1],[2],[4],[7]	1,027,519
Principal/ Number of Shares	[1],[2],[4],[7]	$ 493,999
Original Acquisition Date	[1],[2],[4],[7]	Feb. 08, 2023
Total Dental Practice Management [Member] | New England Dental Partners [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.70%		1.90%
Fair Value	[1],[2],[3]	$ 6,279,035		$ 6,523,536
Cost	[1],[2]	6,524,137		6,514,437
Principal/ Number of Shares	[1],[2]	$ 6,555,000		$ 6,555,000
Original Acquisition Date	[1],[2]	Nov. 25, 2020		Nov. 25, 2020
Total Dental Practice Management [Member] | New England Dental Partners One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.20%		1.30%
Fair Value	[1],[2],[3]	$ 4,454,235		$ 4,627,680
Cost	[1],[2]	4,634,096		4,627,032
Principal/ Number of Shares	[1],[2]	$ 4,650,000		$ 4,650,000
Original Acquisition Date	[1],[2]	Nov. 25, 2020		Nov. 25, 2020
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings Three [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[7]			0.30%
Fair Value	[1],[2],[3],[7]			$ 1,000,000
Cost	[1],[2],[7]			1,000,000
Principal/ Number of Shares	[1],[2],[7]			$ 480,769
Original Acquisition Date	[1],[2],[7]			Feb. 08, 2023
Total Dental Practice Management [Member] | Saratoga CLO [Member] | Gen4 Dental Partners Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	3.10%
Fair Value	[1],[2],[3],[5]	$ 10,971,137
Cost	[1],[2],[5]	10,734,773
Principal/ Number of Shares	[1],[2],[5]	$ 10,756,017
Original Acquisition Date	[1],[2],[5]	Feb. 08, 2023
Total Direct Selling Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	7%		7.50%
Fair Value	[1],[2],[3]	$ 25,123,688		$ 25,770,150
Cost	[1],[2]	$ 25,262,459		$ 25,882,494
Total Direct Selling Software [Member] | Exigo, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	6.70%
Fair Value	[1],[2],[3],[6]	$ 23,953,313
Cost	[1],[2],[6]	24,220,792
Principal/ Number of Shares	[1],[2],[6]	$ 24,375,000
Original Acquisition Date	[1],[2],[6]	Mar. 16, 2022
Total Direct Selling Software [Member] | Exigo, LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%
Fair Value	[1],[2],[3],[5]	$ (18,021)
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Mar. 16, 2022
Total Direct Selling Software [Member] | Exigo, LLC Three [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7]	0.30%
Fair Value	[1],[2],[3],[4],[7]	$ 1,188,396
Cost	[1],[2],[4],[7]	1,041,667
Principal/ Number of Shares	[1],[2],[4],[7]	$ 1,041,667
Original Acquisition Date	[1],[2],[4],[7]	Mar. 16, 2022
Total Direct Selling Software [Member] | Exigo, LLC Four [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]			7.10%
Fair Value	[1],[2],[3],[6]			$ 24,504,825
Cost	[1],[2],[6]			24,632,494
Principal/ Number of Shares	[1],[2],[6]			$ 24,812,500
Original Acquisition Date	[1],[2],[6]			Mar. 16, 2022
Total Direct Selling Software [Member] | Exigo, LLC Five [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]			0%
Fair Value	[1],[2],[3],[5]			$ (51,667)
Cost	[1],[2],[5],[7]
Principal/ Number of Shares	[1],[2],[5],[7]
Original Acquisition Date	[1],[2],[5],[7]			Mar. 16, 2022
Total Direct Selling Software [Member] | Exigo, LLC Six [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]			0.10%
Fair Value	[1],[2],[3],[5]			$ 195,417
Cost	[1],[2],[5]			208,333
Principal/ Number of Shares	[1],[2],[5]			$ 208,334
Original Acquisition Date	[1],[2],[5]			Mar. 16, 2022
Total Direct Selling Software [Member] | Exigo, LLC Seven [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7]			0.30%
Fair Value	[1],[2],[3],[4],[7]			$ 1,121,575
Cost	[1],[2],[4],[7]			1,041,667
Principal/ Number of Shares	[1],[2],[4],[7]			$ 1,041,667
Original Acquisition Date	[1],[2],[4],[7]			Mar. 16, 2022
Total Education Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	10.20%		9.90%
Fair Value	[1],[2],[3]	$ 36,679,054		$ 34,488,718
Cost	[1],[2]	$ 39,490,553		$ 35,649,689
Total Education Services [Member] | C2 Educational Systems [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	6%		5.30%
Fair Value	[1],[2],[3],[6]	$ 21,506,450		$ 18,525,900
Cost	[1],[2],[6]	21,475,005		18,497,146
Principal/ Number of Shares	[1],[2],[6]	$ 21,500,000		$ 18,500,000
Original Acquisition Date	[1],[2],[6]	May 31, 2017		May 31, 2017
Total Education Services [Member] | C2 Educational Systems, Inc.One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Apr. 28, 2023
Total Education Services [Member] | C2 Educational Systems [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.20%		0.20%
Fair Value	[1],[2],[3],[4]	$ 569,082		$ 629,892
Cost	[1],[2],[4]	499,904		499,904
Principal/ Number of Shares	[1],[2],[4]	$ 3,127		$ 3,127
Original Acquisition Date	[1],[2],[4]	May 18, 2021		May 18, 2021
Total Education Services [Member] | Zollege PBC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.80%	[9]	4.30%
Fair Value	[1],[2],[3]	$ 13,782,048	[9]	$ 14,827,200
Cost	[1],[2]	16,332,693	[9]	15,905,830
Principal/ Number of Shares	[1],[2]	$ 16,409,153	[9]	$ 16,000,000
Original Acquisition Date	[1],[2]	May 11, 2021	[9]	May 11, 2021
Total Education Services [Member] | Zollege PBC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0.20%	[9]	0.10%
Fair Value	[1],[2],[3],[5]	$ 788,758	[9]	$ 390,050
Cost	[1],[2],[5]	932,951	[9]	496,809
Principal/ Number of Shares	[1],[2],[5]	$ 939,109	[9]	$ 500,000
Original Acquisition Date	[1],[2],[5]	May 11, 2021	[9]	May 11, 2021
Total Education Services [Member] | Zollege PBC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0%		0%
Fair Value	[1],[2],[3],[4]	$ 32,716		$ 115,676
Cost	[1],[2],[4]	250,000		250,000
Principal/ Number of Shares	[1],[2],[4]	$ 250,000		$ 250,000
Original Acquisition Date	[1],[2],[4]	May 11, 2021		May 11, 2021
Total Education Services [Member] | GoReact One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Jan. 18, 2022
Total Education Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	12.60%		13.10%
Fair Value	[1],[2],[3]	$ 44,945,160		$ 44,955,219
Cost	[1],[2]	$ 39,189,744		$ 40,077,843
Total Education Software [Member] | Destiny Solutions Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7]			2.60%
Fair Value	[1],[2],[3],[4],[7]			$ 8,941,350
Cost	[1],[2],[4],[7]			3,969,291
Principal/ Number of Shares	[1],[2],[4],[7]			$ 3,068
Original Acquisition Date	[1],[2],[4],[7]			May 16, 2018
Total Education Software [Member] | GoReact [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.20%		2.30%
Fair Value	[1],[2],[3]	$ 8,073,012		$ 7,982,783
Cost	[1],[2]	8,033,120		7,952,042
Principal/ Number of Shares	[1],[2]	$ 8,067,365		$ 8,006,000
Original Acquisition Date	[1],[2]	Jan. 17, 2020		Jan. 17, 2020
Total Education Software [Member] | GoReact One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]			0.30%
Fair Value	[1],[2],[3],[5]			$ 997,848
Cost	[1],[2],[5]			1,000,750
Principal/ Number of Shares	[1],[2],[5]			$ 1,000,750
Original Acquisition Date	[1],[2],[5]			Jan. 18, 2022
Total Education Software [Member] | Identity Automation Systems [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.20%		0.10%
Fair Value	[1],[2],[3],[4]	$ 553,406		$ 218,168
Cost	[1],[2],[4]	232,616		232,616
Principal/ Number of Shares	[1],[2],[4]	$ 232,616		$ 232,616
Original Acquisition Date	[1],[2],[4]	Aug. 25, 2014		Aug. 25, 2014
Total Education Software [Member] | Identity Automation Systems Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.10%		0.10%
Fair Value	[1],[2],[3],[4]	$ 230,727		$ 217,370
Cost	[1],[2],[4]	171,571		171,571
Principal/ Number of Shares	[1],[2],[4]	$ 43,715		$ 43,715
Original Acquisition Date	[1],[2],[4]	Mar. 06, 2020		Mar. 06, 2020
Total Education Software [Member] | Ready Education [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	7.40%		7.70%
Fair Value	[1],[2],[3]	$ 26,454,600		$ 26,597,700
Cost	[1],[2]	26,783,146		26,751,573
Principal/ Number of Shares	[1],[2]	$ 27,000,000		$ 27,000,000
Original Acquisition Date	[1],[2]	Aug. 05, 2022		Aug. 05, 2022
Total Facilities Maintenance [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	0.10%		0.10%
Fair Value	[1],[2],[3]	$ 274,272		$ 407,760
Cost	[1],[2]	$ 488,148		$ 488,148
Total Facilities Maintenance [Member] | TG Pressure Washing Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.10%		0.10%
Fair Value	[1],[2],[3],[4]	$ 274,272		$ 407,760
Cost	[1],[2],[4]	488,148		488,148
Principal/ Number of Shares	[1],[2],[4]	$ 488,148		$ 488,148
Original Acquisition Date	[1],[2],[4]	Aug. 12, 2019		Aug. 12, 2019
Total Field Service Management [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.80%		2.80%
Fair Value	[1],[2],[3]	$ 9,938,877		$ 9,957,834
Cost	[1],[2]	$ 9,950,223		$ 9,923,727
Total Field Service Management [Member] | Davisware, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.70%		1.70%
Fair Value	[1],[2],[3]	$ 5,976,600		$ 5,988,000
Cost	[1],[2]	5,985,947		5,972,735
Principal/ Number of Shares	[1],[2]	$ 6,000,000		$ 6,000,000
Original Acquisition Date	[1],[2]	Sep. 06, 2019		Sep. 06, 2019
Total Field Service Management [Member] | Davisware, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.10%	[5]	1.10%
Fair Value	[1],[2],[3]	$ 3,962,277	[5]	$ 3,969,834
Cost	[1],[2]	3,964,276	[5]	3,950,992
Principal/ Number of Shares	[1],[2]	$ 3,977,790	[5]	$ 3,977,790
Original Acquisition Date	[1],[2]	Sep. 06, 2019	[5]	Sep. 06, 2019
Total Financial Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	7.20%		7.40%
Fair Value	[1],[2],[3]	$ 26,109,291		$ 26,218,290
Cost	[1],[2]	$ 26,127,425		$ 26,276,568
Total Financial Services [Member] | GDS Software Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	6.20%		6.40%
Fair Value	[1],[2],[3]	$ 22,389,117		$ 22,311,890
Cost	[1],[2]	22,616,511		22,603,970
Principal/ Number of Shares	[1],[2]	$ 22,713,926		$ 22,713,926
Original Acquisition Date	[1],[2]	Dec. 30, 2021		Dec. 30, 2021
Total Financial Services [Member] | GDS Software Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	0.90%		0.90%
Fair Value	[1],[2],[3]	$ 3,239,083		$ 3,227,910
Cost	[1],[2]	3,260,914		3,257,297
Principal/ Number of Shares	[1],[2]	$ 3,286,074		$ 3,286,074
Original Acquisition Date	[1],[2]	Dec. 30, 2021		Dec. 30, 2021
Total Financial Services [Member] | GDS Software Holdings, LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.10%		0.10%
Fair Value	[1],[2],[3],[4]	$ 481,091		$ 518,413
Cost	[1],[2],[4]	250,000		250,000
Principal/ Number of Shares	[1],[2],[4]	$ 250,000		$ 250,000
Original Acquisition Date	[1],[2],[4]	Aug. 23, 2018		Aug. 23, 2018
Total Financial Services [Member] | B. Riley Financial, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[10]			0%
Fair Value	[1],[2],[3],[10]			$ 160,077
Cost	[1],[2],[10]			165,301
Principal/ Number of Shares	[1],[2],[10]			$ 165,301
Original Acquisition Date	[1],[2],[10]			Oct. 18, 2022
Total Financial Services Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.70%		2.60%
Fair Value	[1],[2],[3]	$ 9,866,355		$ 9,096,250
Cost	[1],[2]	$ 9,977,241		$ 9,221,637
Total Financial Services Software [Member] | Ascend Software, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.60%		1.70%
Fair Value	[1],[2],[3]	$ 5,904,600		$ 5,902,200
Cost	[1],[2]	5,959,140		5,952,354
Principal/ Number of Shares	[1],[2]	$ 6,000,000		$ 6,000,000
Original Acquisition Date	[1],[2]	Dec. 15, 2021		Dec. 15, 2021
Total Financial Services Software [Member] | Ascend Software, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	1.10%		0.90%
Fair Value	[1],[2],[3],[5]	$ 3,961,755		$ 3,194,050
Cost	[1],[2],[5]	4,018,101		3,269,283
Principal/ Number of Shares	[1],[2],[5]	$ 4,050,000		$ 3,300,000
Original Acquisition Date	[1],[2],[5]	Dec. 15, 2021		Dec. 15, 2021
Total Fire Inspection Business Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.80%
Fair Value	[1],[2],[3]	$ 9,900,000
Cost	[1],[2]	$ 9,904,135
Total Fire Inspection Business Software [Member] | Inspect Point Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.80%
Fair Value	[1],[2],[3]	$ 9,900,000
Cost	[1],[2]	9,904,135
Principal/ Number of Shares	[1],[2]	$ 10,000,000
Original Acquisition Date	[1],[2]	Jul. 19, 2023
Total Fire Inspection Business Software [Member] | Inspect Point Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Jul. 19, 2023
Total Health/Fitness Franchisor [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	8.90%
Fair Value	[1],[2],[3]	$ 32,001,541
Cost	[1],[2]	$ 31,725,038
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	8.30%
Fair Value	[1],[2],[3]	$ 29,925,000
Cost	[1],[2]	29,725,038
Principal/ Number of Shares	[1],[2]	$ 30,000,000
Original Acquisition Date	[1],[2]	Mar. 31, 2023
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Mar. 31, 2023
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.60%
Fair Value	[1],[2],[3],[4]	$ 2,076,541
Cost	[1],[2],[4]	2,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 20,000
Original Acquisition Date	[1],[2],[4]	Mar. 31, 2023
Total Healthcare Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.20%
Fair Value	[1],[2],[3]	$ 10,852,558
Cost	[1],[2]	$ 10,506,853
Total Healthcare Services [Member] | Axiom Medical Consulting LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	2.80%
Fair Value	[1],[2],[3],[5]	$ 9,913,000
Cost	[1],[2],[5]	9,914,732
Principal/ Number of Shares	[1],[2],[5]	$ 10,000,000
Original Acquisition Date	[1],[2],[5]	Sep. 11, 2023
Total Healthcare Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			7.60%
Fair Value	[1],[2],[3]			$ 26,286,156
Cost	[1],[2]			$ 25,338,666
Total Healthcare Services [Member] | Axiom Medical Consulting LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[7]	0%
Fair Value	[1],[2],[3],[7]
Cost	[1],[2],[7]
Principal/ Number of Shares	[1],[2],[7]
Original Acquisition Date	[1],[2],[7]	Sep. 11, 2023
Total Healthcare Services [Member] | Axiom Parent Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.20%		0.40%
Fair Value	[1],[2],[4]	$ 657,124		$ 1,286,156	[3]
Cost	[1],[2],[4]	258,389		400,000
Principal/ Number of Shares	[1],[2],[4]	$ 400,000		$ 400,000
Original Acquisition Date	[1],[2],[4]	Jun. 19, 2018		Jun. 19, 2018
Total Healthcare Services [Member] | ComForCare Health Care [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	7%
Fair Value	[1],[2],[3],[6]	$ 25,000,000
Cost	[1],[2],[6]	24,959,793
Principal/ Number of Shares	[1],[2],[6]	$ 25,000,000
Original Acquisition Date	[1],[2],[6]	Jan. 31, 2017
Total Healthcare Services [Member] | ComForCare Health Care One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]			7.20%
Fair Value	[1],[2],[3],[6]			$ 25,000,000
Cost	[1],[2],[6]			24,938,666
Principal/ Number of Shares	[1],[2],[6]			$ 25,000,000
Original Acquisition Date	[1],[2],[6]			Jan. 31, 2017
Total Healthcare Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	10%
Fair Value	[1],[2],[3]	$ 35,570,124
Cost	[1],[2]	$ 35,132,914
Total Healthcare Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	33.50%		34.30%
Fair Value	[1],[2],[3]	$ 120,488,610		$ 119,123,921
Cost	[1],[2]	$ 117,041,724		$ 116,448,819
Total Healthcare Software [Member] | HemaTerra Holding Company, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	15.40%		16%
Fair Value	[1],[2],[3],[6]	$ 55,220,957		$ 55,445,104
Cost	[1],[2],[6]	54,739,570		55,105,372
Principal/ Number of Shares	[1],[2],[6]	$ 55,066,770		$ 55,483,943
Original Acquisition Date	[1],[2],[6]	Apr. 15, 2019		Apr. 15, 2019
Total Healthcare Software [Member] | HemaTerra Holding Company, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.80%		4%
Fair Value	[1],[2],[3]	$ 13,829,314		$ 13,885,448
Cost	[1],[2]	13,738,934		13,829,142
Principal/ Number of Shares	[1],[2]	$ 13,790,700		$ 13,895,175
Original Acquisition Date	[1],[2]	Apr. 15, 2019		Apr. 15, 2019
Total Healthcare Software [Member] | TRC HemaTerra, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	1.40%		1.30%
Fair Value	[1],[2],[3],[4]	$ 5,188,325		$ 4,606,741
Cost	[1],[2],[4]	2,816,693		2,816,693
Principal/ Number of Shares	[1],[2],[4]	$ 2,487		$ 2,487
Original Acquisition Date	[1],[2],[4]	Apr. 15, 2019		Apr. 15, 2019
Total Healthcare Software [Member] | Procurement Partners, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	9.80%		10.10%
Fair Value	[1],[2],[3]	$ 35,125,000		$ 35,103,925
Cost	[1],[2]	34,951,761		34,906,981
Principal/ Number of Shares	[1],[2]	$ 35,125,000		$ 35,125,000
Original Acquisition Date	[1],[2]	Nov. 12, 2020		Nov. 12, 2020
Total Healthcare Software [Member] | Procurement Partners, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	2.90%		2.70%
Fair Value	[1],[2],[3],[5]	$ 10,300,000		$ 9,294,420
Cost	[1],[2],[5]	10,223,547		9,219,412
Principal/ Number of Shares	[1],[2],[5]	$ 10,300,000		$ 9,300,000
Original Acquisition Date	[1],[2],[5]	Nov. 12, 2020		Nov. 12, 2020
Total Healthcare Software [Member] | Procurement Partners Holdings LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.20%		0.20%
Fair Value	[1],[2],[3],[4]	$ 825,014		$ 788,283
Cost	[1],[2],[4]	571,219		571,219
Principal/ Number of Shares	[1],[2],[4]	$ 571,219		$ 571,219
Original Acquisition Date	[1],[2],[4]	Nov. 12, 2020		Nov. 12, 2020
Total Healthcare Supply [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	0%		0%
Fair Value	[1],[2],[3]
Cost	[1],[2]	$ 508,077		$ 508,077
Total Healthcare Supply [Member] | Roscoe Medical, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0%
Fair Value	[1],[2],[3],[4]
Cost	[1],[2],[4]	508,077
Principal/ Number of Shares	[1],[2],[4]	$ 5,081
Original Acquisition Date	[1],[2],[4]	Mar. 26, 2014
Total Healthcare Supply [Member] | Roscoe Medical, Inc. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]			0%
Fair Value	[1],[2],[3],[4]
Cost	[1],[2],[4]			508,077
Principal/ Number of Shares	[1],[2],[4]			$ 5,081
Original Acquisition Date	[1],[2],[4]			Mar. 26, 2014
Total Hospitality/Hotel [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	10.70%		11%
Fair Value	[1],[2],[3]	$ 38,177,720		$ 37,972,116
Cost	[1],[2]	$ 43,970,209		$ 43,943,239
Total Hospitality/Hotel [Member] | Book4Time, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6],[10]	0.90%		0.90%
Fair Value	[1],[2],[3],[6],[10]	$ 3,136,517		$ 3,136,517
Cost	[1],[2],[6],[10]	3,121,291		3,116,896
Principal/ Number of Shares	[1],[2],[6],[10]	$ 3,136,517		$ 3,136,517
Original Acquisition Date	[1],[2],[6],[10]	Dec. 22, 2020		Dec. 22, 2020
Total Hospitality/Hotel [Member] | Book4Time, Inc. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[10]	0.60%		0.60%
Fair Value	[1],[2],[3],[10]	$ 2,000,000		$ 2,000,000
Cost	[1],[2],[10]	1,988,440		1,984,212
Principal/ Number of Shares	[1],[2],[10]	$ 2,000,000		$ 2,000,000
Original Acquisition Date	[1],[2],[10]	Dec. 22, 2020		Dec. 22, 2020
Total Hospitality/Hotel [Member] | Book4Time, Inc. Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7],[10]	0.10%		0.10%
Fair Value	[1],[2],[3],[4],[7],[10]	$ 363,008		$ 281,778
Cost	[1],[2],[4],[7],[10]	156,826		156,826
Principal/ Number of Shares	[1],[2],[4],[7],[10]	$ 200,000		$ 200,000
Original Acquisition Date	[1],[2],[4],[7],[10]	Dec. 22, 2020		Dec. 22, 2020
Total Hospitality/Hotel [Member] | Knowland Group, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	2.70%		2.80%	[9]
Fair Value	[1],[2],[3],[4]	$ 9,632,195		$ 9,760,821	[9]
Cost	[1],[2],[4]	15,878,989		15,878,989	[9]
Principal/ Number of Shares	[1],[2],[4]	$ 15,878,989		$ 15,878,989	[9]
Original Acquisition Date	[1],[2],[4]	Nov. 09, 2018		Nov. 09, 2018	[9]
Total Hospitality/Hotel [Member] | Sceptre Hospitality Resources, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	6.40%		6.60%
Fair Value	[1],[2],[3]	$ 23,046,000		$ 22,793,000
Cost	[1],[2]	22,824,663		22,806,316
Principal/ Number of Shares	[1],[2]	$ 23,000,000		$ 23,000,000
Original Acquisition Date	[1],[2]	Apr. 27, 2020		Apr. 27, 2020
Total Hospitality/Hotel [Member] | Sceptre Hospitality Resources, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%		0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Sep. 02, 2021		Sep. 02, 2021
Total HVAC Services and Sales [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	19.30%		15.70%
Fair Value	[1],[2],[3]	$ 69,277,700		$ 54,450,000
Cost	[1],[2]	$ 68,746,663		$ 54,589,008
Total HVAC Services and Sales [Member] | Granite Comfort, LP [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	12%		12.30%
Fair Value	[1],[2],[3],[6]	$ 43,017,200		$ 42,570,000
Cost	[1],[2],[6]	42,768,427		42,694,831
Principal/ Number of Shares	[1],[2],[6]	$ 43,000,000		$ 43,000,000
Original Acquisition Date	[1],[2],[6]	Nov. 16, 2020		Nov. 16, 2020
Total HVAC Services and Sales [Member] | Granite Comfort, LP One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	7.30%		3.40%
Fair Value	[1],[2],[3],[5]	$ 26,260,500		$ 11,880,000
Cost	[1],[2],[5]	25,978,236		11,894,177
Principal/ Number of Shares	[1],[2],[5]	$ 26,250,000		$ 12,000,000
Original Acquisition Date	[1],[2],[5]	Nov. 16, 2020		Nov. 16, 2020
Total Industrial Products [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.60%		2.80%
Fair Value	[1],[2],[3]	$ 9,461,228		$ 9,607,909
Cost	[1],[2]	$ 1,465,386		$ 3,089,986
Total Industrial Products [Member] | Vector Controls Holding Co., LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	0.40%		0.90%
Fair Value	[1],[2],[3],[6]	$ 1,465,386		$ 3,089,986
Cost	[1],[2],[6]	1,465,386		3,089,986
Principal/ Number of Shares	[1],[2],[6]	$ 1,465,386		$ 3,089,986
Original Acquisition Date	[1],[2],[6]	Mar. 06, 2013		Mar. 06, 2013
Total Industrial Products [Member] | Vector Controls Holding Co., LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	2.20%		1.90%
Fair Value	[1],[2],[3],[4]	$ 7,995,842		$ 6,517,923
Cost	[1],[2],[4]
Principal/ Number of Shares	[1],[2],[4]	$ 343		$ 343
Original Acquisition Date	[1],[2],[4]	May 31, 2015		May 31, 2015
Total Insurance Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	4.80%		4.90%
Fair Value	[1],[2],[3]	$ 17,398,193		$ 16,760,556
Cost	[1],[2]	$ 15,789,222		$ 15,876,121
Total Insurance Software [Member] | AgencyBloc, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.70%		3.90%
Fair Value	[1],[2],[3]	$ 13,368,068		$ 13,449,114
Cost	[1],[2]	13,289,222		13,376,121
Principal/ Number of Shares	[1],[2]	$ 13,368,068		$ 13,469,318
Original Acquisition Date	[1],[2]	Oct. 01, 2021		Oct. 01, 2021
Total Insurance Software [Member] | Panther ParentCo LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	1.10%
Fair Value	[1],[2],[3],[4]	$ 4,030,125
Cost	[1],[2],[4]	2,500,000
Principal/ Number of Shares	[1],[2],[4]	$ 2,500,000
Original Acquisition Date	[1],[2],[4]	Oct. 01, 2021
Total Insurance Software [Member] | Panther ParentCo LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]			1%
Fair Value	[1],[2],[3],[4]			$ 3,311,442
Cost	[1],[2],[4]			2,500,000
Principal/ Number of Shares	[1],[2],[4]			$ 2,500,000
Original Acquisition Date	[1],[2],[4]			Oct. 01, 2021
Total IT Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	12%		12.40%
Fair Value	[1],[2],[3]	$ 43,000,000		$ 43,000,000
Cost	[1],[2]	$ 42,967,165		$ 42,953,087
Total IT Services [Member] | LogicMonitor, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	12%		12.40%
Fair Value	[1],[2],[3],[6]	$ 43,000,000		$ 43,000,000
Cost	[1],[2],[6]	42,967,165		42,953,087
Principal/ Number of Shares	[1],[2],[6]	$ 43,000,000		$ 43,000,000
Original Acquisition Date	[1],[2],[6]	Mar. 20, 2020		Mar. 20, 2020
Total IT Services [Member] | Netreo Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[11]			1.60%
Fair Value	[1],[2],[3],[11]			$ 5,443,757
Cost	[1],[2],[11]			5,522,608
Principal/ Number of Shares	[1],[2],[11]			$ 5,539,029
Original Acquisition Date	[1],[2],[11]			Jul. 03, 2018
Total IT Services [Member] | Netreo Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6],[11]			6.30%
Fair Value	[1],[2],[3],[6],[11]			$ 21,730,699
Cost	[1],[2],[6],[11]			22,019,877
Principal/ Number of Shares	[1],[2],[6],[11]			$ 22,111,008
Original Acquisition Date	[1],[2],[6],[11]			May 26, 2020
Total IT Services [Member] | Netreo Holdings, LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[11]			4.90%
Fair Value	[1],[2],[3],[4],[11]			$ 16,992,742
Cost	[1],[2],[4],[11]			8,344,500
Principal/ Number of Shares	[1],[2],[4],[11]			$ 4,600,677
Original Acquisition Date	[1],[2],[4],[11]			Jul. 03, 2018
Total Lead management Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.40%		3.50%
Fair Value	[1],[2],[3]	$ 12,120,000		$ 12,090,000
Cost	[1],[2]	$ 11,915,633		$ 11,906,362
Total Lead management Software [Member] | ActiveProspect, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	3.40%
Fair Value	[1],[2],[3],[6]	$ 12,120,000
Cost	[1],[2],[6]	11,915,633
Principal/ Number of Shares	[1],[2],[6]	$ 12,000,000
Original Acquisition Date	[1],[2],[6]	Aug. 08, 2022
Total Lead management Software [Member] | ActiveProspect, Inc. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]	Aug. 08, 2022
Total Lead management Software [Member] | ActiveProspect, Inc Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]			3.50%
Fair Value	[1],[2],[3],[6]			$ 12,090,000
Cost	[1],[2],[6]			11,906,362
Principal/ Number of Shares	[1],[2],[6]			$ 12,000,000
Original Acquisition Date	[1],[2],[6]			Aug. 08, 2022
Total Lead management Software [Member] | ActiveProspect, Inc Three [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]			0%
Fair Value	[1],[2],[3],[5]
Cost	[1],[2],[5]
Principal/ Number of Shares	[1],[2],[5]
Original Acquisition Date	[1],[2],[5]			Aug. 08, 2022
Total Legal Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	5.80%		6%
Fair Value	[1],[2],[3]	$ 20,776,903		$ 20,699,256
Cost	[1],[2]	$ 20,925,530		$ 21,055,931
Total Legal Software [Member] | Centerbase, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	5.80%		6%
Fair Value	[1],[2],[3]	$ 20,776,903		$ 20,699,256
Cost	[1],[2]	20,925,530		21,055,931
Principal/ Number of Shares	[1],[2]	$ 21,086,880		$ 21,247,440
Original Acquisition Date	[1],[2]	Jan. 18, 2022		Jan. 18, 2022
Total Marketing Orchestration Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	5.20%		5.40%
Fair Value	[1],[2],[3]	$ 18,630,878		$ 18,715,000
Cost	[1],[2]	$ 18,577,980		$ 18,626,777
Total Marketing Orchestration Software [Member] | Madison Logic, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	5.20%		5.40%
Fair Value	[1],[2],[6]	$ 18,630,878		$ 18,715,000	[3]
Cost	[1],[2],[6]	18,577,980		18,626,777
Principal/ Number of Shares	[1],[2],[6]	$ 18,905,000		$ 19,000,000
Original Acquisition Date	[1],[2],[6]	Dec. 30, 2022		Dec. 10, 2021
Total Mental Healthcare Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	10.60%		4.90%
Fair Value	[1],[2],[3]	$ 38,080,222		$ 16,921,769
Cost	[1],[2]	$ 37,506,902		$ 17,097,115
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	1.80%		1.90%
Fair Value	[1],[2],[3],[6]	$ 6,568,250		$ 6,461,000
Cost	[1],[2],[6]	6,434,853		6,427,296
Principal/ Number of Shares	[1],[2],[6]	$ 6,500,000		$ 6,500,000
Original Acquisition Date	[1],[2],[6]	Aug. 05, 2022		Aug. 05, 2022
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5],[6]	7.60%		2.20%
Fair Value	[1],[2],[3],[5],[6]	$ 27,197,180		$ 7,680,616
Cost	[1],[2],[5],[6]	26,902,450		7,634,711
Principal/ Number of Shares	[1],[2],[5],[6]	$ 26,914,577		$ 7,726,978
Original Acquisition Date	[1],[2],[5],[6]	Aug. 05, 2022		Aug. 05, 2022
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	1.20%		0.80%
Fair Value	[1],[2],[3],[4]	$ 4,314,792		$ 2,780,153
Cost	[1],[2],[4]	4,169,599		3,035,108
Principal/ Number of Shares	[1],[2],[4]	$ 3,818,400		$ 2,808,236
Original Acquisition Date	[1],[2],[4]	Aug. 05, 2022		Aug. 05, 2022
Total Mentoring Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	6.20%		6.20%
Fair Value	[1],[2],[3]	$ 21,963,035		$ 21,359,003
Cost	[1],[2]	$ 22,864,560		$ 20,861,414
Total Mentoring Software [Member] | Chronus LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	4.10%		4.30%
Fair Value	[1],[2],[3]	$ 14,715,000		$ 14,890,500
Cost	[1],[2]	14,905,503		14,887,780
Principal/ Number of Shares	[1],[2]	$ 15,000,000		$ 15,000,000
Original Acquisition Date	[1],[2]	Aug. 26, 2021		Aug. 26, 2021
Total Mentoring Software [Member] | Chronus LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.40%		0.90%
Fair Value	[1],[2],[3]	$ 4,905,000		$ 2,978,100
Cost	[1],[2]	4,959,057		2,973,634
Principal/ Number of Shares	[1],[2]	$ 5,000,000		$ 3,000,000
Original Acquisition Date	[1],[2]	Aug. 26, 2021		Aug. 26, 2021
Total Mentoring Software [Member] | Chronus LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.70%		1%
Fair Value	[1],[2],[3],[4]	$ 2,343,035		$ 3,490,403
Cost	[1],[2],[4]	3,000,000		3,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 3,000		$ 3,000
Original Acquisition Date	[1],[2],[4]	Aug. 26, 2021		Aug. 26, 2021
Total Non-profit Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.90%		3.80%
Fair Value	[1],[2],[3]	$ 14,190,399		$ 13,095,223
Cost	[1],[2]	$ 14,210,779		$ 13,091,197
Total Non-profit Services [Member] | Omatic Software, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.90%		3.80%
Fair Value	[1],[2],[3]	$ 14,190,399		$ 13,095,223
Cost	[1],[2]	14,210,779		13,091,197
Principal/ Number of Shares	[1],[2]	$ 14,230,244		$ 13,122,781
Original Acquisition Date	[1],[2]	May 29, 2018		May 29, 2018
Total Office Supplies [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2%		1.80%
Fair Value	[1],[2],[3]	$ 7,023,201		$ 6,372,555
Cost	[1],[2]	$ 6,391,114		$ 6,374,379
Total Office Supplies [Member] | Emily Street Enterprises, L.L.C. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.70%		1.70%
Fair Value	[1],[2],[3]	$ 6,028,200		$ 5,965,800
Cost	[1],[2]	5,991,114		5,974,379
Principal/ Number of Shares	[1],[2]	$ 6,000,000		$ 6,000,000
Original Acquisition Date	[1],[2]	Dec. 28, 2012		Dec. 28, 2012
Total Office Supplies [Member] | Emily Street Enterprises, L.L.C. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.30%		0.10%
Fair Value	[1],[2],[3],[4]	$ 995,001		$ 406,755
Cost	[1],[2],[4]	400,000		400,000
Principal/ Number of Shares	[1],[2],[4]	$ 49,318		$ 49,318
Original Acquisition Date	[1],[2],[4]	Dec. 28, 2012		Dec. 28, 2012
Total Real Estate Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	14.70%		15.40%
Fair Value	[1],[2],[3]	$ 53,127,599		$ 53,406,469
Cost	[1],[2]	$ 53,633,233		$ 53,554,581
Total Real Estate Services [Member] | Buildout, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.80%	[6]	4%
Fair Value	[1],[2],[3]	$ 13,792,800	[6]	$ 13,855,800
Cost	[1],[2]	13,942,540	[6]	13,924,435
Principal/ Number of Shares	[1],[2]	$ 14,000,000	[6]	$ 14,000,000
Original Acquisition Date	[1],[2]	Jul. 09, 2020	[6]	Jul. 09, 2020
Total Real Estate Services [Member] | Buildout, Inc. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	10.50%		11%
Fair Value	[1],[2],[3]	$ 37,930,200		$ 38,103,450
Cost	[1],[2]	38,318,136		38,257,589
Principal/ Number of Shares	[1],[2]	$ 38,500,000		$ 38,500,000
Original Acquisition Date	[1],[2]	Feb. 12, 2021		Feb. 12, 2021
Total Real Estate Services [Member] | Buildout, Inc. Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[7]	0.40%		0.40%
Fair Value	[1],[2],[3],[4],[7]	$ 1,404,599		$ 1,447,219
Cost	[1],[2],[4],[7]	1,372,557		1,372,557
Principal/ Number of Shares	[1],[2],[4],[7]	$ 1,250		$ 1,250
Original Acquisition Date	[1],[2],[4],[7]	Jul. 09, 2020		Jul. 09, 2020
Total Research Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.90%		3%
Fair Value	[1],[2],[3]	$ 10,631,908		$ 10,676,983
Cost	[1],[2]	$ 10,618,557		$ 10,628,283
Total Research Software [Member] | Wellspring Worldwide Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.60%		2.70%
Fair Value	[1],[2],[3]	$ 9,524,290		$ 9,540,480
Cost	[1],[2]	9,493,397		9,503,123
Principal/ Number of Shares	[1],[2]	$ 9,576,000		$ 9,600,000
Original Acquisition Date	[1],[2]	Jun. 27, 2022		Jun. 27, 2022
Total Research Software [Member] | Archimedes Parent LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.30%		0.30%
Fair Value	[1],[2],[3],[4]	$ 1,107,618		$ 1,136,503
Cost	[1],[2],[4]	1,125,160		1,125,160
Principal/ Number of Shares	[1],[2],[4]	$ 1,125,160		$ 1,125,160
Original Acquisition Date	[1],[2],[4]	Jun. 27, 2022		Jun. 27, 2022
Total Restaurant [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	6.20%		7.10%
Fair Value	[1],[2],[3]	$ 22,404,736		$ 24,826,161
Cost	[1],[2]	$ 21,853,617		$ 25,051,847
Total Restaurant [Member] | LFR Chicken LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.30%		3.40%
Fair Value	[1],[2],[3]	$ 11,997,600		$ 11,866,800
Cost	[1],[2]	11,921,441		11,906,864
Principal/ Number of Shares	[1],[2]	$ 12,000,000		$ 12,000,000
Original Acquisition Date	[1],[2]	Nov. 19, 2021		Nov. 19, 2021
Total Restaurant [Member] | Modis Dental Partners OpCo, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.50%
Fair Value	[1],[2],[3]	$ 8,998,200
Cost	[1],[2]	8,932,176
Principal/ Number of Shares	[1],[2]	$ 9,000,000
Original Acquisition Date	[1],[2]	Nov. 19, 2021
Total Restaurant [Member] | LFR Chicken LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.40%		0.30%
Fair Value	[1],[2],[3],[4]	$ 1,408,936		$ 1,177,373
Cost	[1],[2],[4]	1,000,000		1,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 497,183		$ 497,183
Original Acquisition Date	[1],[2],[4]	Nov. 19, 2021		Nov. 19, 2021
Total Restaurant [Member] | LFR Chicken LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]			2.60%
Fair Value	[1],[2],[3],[5]			$ 8,900,100
Cost	[1],[2],[5]			8,927,326
Principal/ Number of Shares	[1],[2],[5]			$ 9,000,000
Original Acquisition Date	[1],[2],[5]			Nov. 19, 2021
Total Restaurant [Member] | TMAC Acquisition Co., LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			0.80%
Fair Value	[1],[2],[3]			$ 2,881,888
Cost	[1],[2]			3,217,657
Principal/ Number of Shares	[1],[2]			$ 3,217,657
Original Acquisition Date	[1],[2]			Mar. 01, 2018
Total Roofing Contractor Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.80%
Fair Value	[1],[2],[3]	$ 10,001,740
Cost	[1],[2]	$ 9,865,212
Total Roofing Contractor Software [Member] | JobNimbus LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.80%
Fair Value	[1],[2],[3]	$ 10,001,740
Cost	[1],[2]	9,865,212
Principal/ Number of Shares	[1],[2]	$ 9,950,000
Original Acquisition Date	[1],[2]	Mar. 28, 2023
Total Specialty Food Retailer [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.30%		7%
Fair Value	[1],[2],[3]	$ 4,981,188		$ 24,410,861
Cost	[1],[2]	$ 35,418,447		$ 34,255,863
Total Specialty Food Retailer [Member] | Pepper Palace, Inc [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	1.30%	[9]	7%
Fair Value	[1],[2],[3],[6]	$ 4,821,774	[9]	$ 24,410,861
Cost	[1],[2],[6]	33,129,970	[9]	33,255,863
Principal/ Number of Shares	[1],[2],[6]	$ 33,320,000	[9]	$ 33,490,000
Original Acquisition Date	[1],[2],[6]	Jun. 30, 2021	[9]	Jun. 30, 2021
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%	[9]	0%
Fair Value	[1],[2],[3],[5]	$ 159,414	[9]
Cost	[1],[2],[5]	1,091,442	[9]
Principal/ Number of Shares	[1],[2],[5]	$ 1,101,600	[9]
Original Acquisition Date	[1],[2],[5]	Jun. 30, 2021	[9]	Jun. 30, 2021
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	0%	[9]	0%
Fair Value	[1],[2],[3],[5]		[9]
Cost	[1],[2],[5]		[9]
Principal/ Number of Shares	[1],[2],[5]		[9]
Original Acquisition Date	[1],[2],[5]	Jun. 30, 2021	[9]	Jun. 30, 2021
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. Three [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0%		0%
Fair Value	[1],[2],[3],[4]
Cost	[1],[2],[4]	1,000,000		1,000,000
Principal/ Number of Shares	[1],[2],[4]	$ 1,000,000		$ 1,000,000
Original Acquisition Date	[1],[2],[4]	Jun. 30, 2021		Jun. 30, 2021
Total Specialty Food Retailer [Member] | Pepper Palace, Inc Four [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0%
Fair Value	[1],[2],[3],[4]
Cost	[1],[2],[4]	197,035
Principal/ Number of Shares	[1],[2],[4]	$ 197,035
Original Acquisition Date	[1],[2],[4]	Jun. 30, 2021
Total Sports Management [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	7.50%		7.70%
Fair Value	[1],[2],[3]	$ 26,994,600		$ 26,711,100
Cost	[1],[2]	$ 26,933,625		$ 26,894,505
Total Sports Management [Member] | ArbiterSports, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	7.20%		7.40%
Fair Value	[1],[2],[3],[6]	$ 25,994,800		$ 25,721,800
Cost	[1],[2],[6]	25,933,625		25,894,505
Principal/ Number of Shares	[1],[2],[6]	$ 26,000,000		$ 26,000,000
Original Acquisition Date	[1],[2],[6]	Feb. 21, 2020		Feb. 21, 2020
Total Sports Management [Member] | ArbiterSports, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	0.30%
Fair Value	[1],[2],[3]	$ 999,800
Cost	[1],[2]	1,000,000
Principal/ Number of Shares	[1],[2]	$ 1,000,000
Original Acquisition Date	[1],[2]	Feb. 21, 2020
Total Staffing Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	0.60%		0.60%
Fair Value	[1],[2],[3]	$ 2,089,107		$ 2,079,325
Cost	[1],[2]	$ 100,000		$ 100,000
Total Staffing Services [Member] | Avionte Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4]	0.60%		0.60%
Fair Value	[1],[2],[3],[4]	$ 2,089,107		$ 2,079,325
Cost	[1],[2],[4]	100,000		100,000
Principal/ Number of Shares	[1],[2],[4]	$ 100,000		$ 100,000
Original Acquisition Date	[1],[2],[4]	Jan. 08, 2014		Jan. 08, 2014
Total Talent Acquisition Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	7.80%		7.50%
Fair Value	[1],[2],[3]	$ 27,100,000		$ 25,999,000
Cost	[1],[2]	$ 26,816,502		$ 25,805,393
Total Talent Acquisition Software [Member] | JDXpert [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.70%		1.70%
Fair Value	[1],[2],[3]	$ 6,120,000		$ 6,045,000
Cost	[1],[2]	5,952,909		5,947,780
Principal/ Number of Shares	[1],[2]	$ 6,000,000		$ 6,000,000
Original Acquisition Date	[1],[2]	May 02, 2022		May 02, 2022
Total Talent Acquisition Software [Member] | JDXpert One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	0.30%	[5]	0%
Fair Value	[1],[2],[3]	$ 1,020,000	[5]
Cost	[1],[2]	991,053	[5]
Principal/ Number of Shares	[1],[2]	$ 1,000,000	[5]
Original Acquisition Date	[1],[2]	May 02, 2022	[5]	May 02, 2022
Total Talent Acquisition Software [Member] | Jobvite, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6]	5.80%		5.80%
Fair Value	[1],[2],[3],[6]	$ 19,960,000		$ 19,954,000
Cost	[1],[2],[6]	19,872,540		19,857,613
Principal/ Number of Shares	[1],[2],[6]	$ 20,000,000		$ 20,000,000
Original Acquisition Date	[1],[2],[6]	Aug. 05, 2022		Aug. 05, 2022
Total Veterinary Services [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	1.30%
Fair Value	[1],[2],[3]	$ 4,689,864
Cost	[1],[2]	$ 4,635,792
Total Veterinary Services [Member] | VetnCare MSO, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5]	1.30%
Fair Value	[1],[2],[3],[5]	$ 4,689,864
Cost	[1],[2],[5]	4,635,792
Principal/ Number of Shares	[1],[2],[5]	$ 4,680,505
Original Acquisition Date	[1],[2],[5]	May 12, 2023
Sub Total Non-control/Non-affiliate investments [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	272.20%		238.60%
Fair Value	[1],[2],[3]	$ 976,440,074		$ 828,028,800
Cost	[1],[2]	$ 983,711,569		$ 819,966,208
Total Corporate Education Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			4.40%
Fair Value	[1],[2],[3]			$ 15,254,131
Cost	[1],[2]			$ 15,170,989
Total Corporate Education Software [Member] | ETU Holdings, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[8]	1.90%		1.50%
Fair Value	[1],[2],[3],[8]	$ 6,909,700		$ 5,175,327
Cost	[1],[2],[8]	6,942,570		5,235,433
Principal/ Number of Shares	[1],[2],[8]	$ 7,000,000		$ 5,282,563
Original Acquisition Date	[1],[2],[8]	Aug. 18, 2022		Aug. 18, 2022
Total Corporate Education Software [Member] | ETU Holdings, Inc. One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[8]	1.50%
Fair Value	[1],[2],[3],[8]	$ 5,240,861
Cost	[1],[2],[8]	5,863,709
Principal/ Number of Shares	[1],[2],[8]	$ 5,906,527
Original Acquisition Date	[1],[2],[8]	Aug. 18, 2022
Total Corporate Education Software [Member] | ETU Holdings, Inc. Three [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[8]	0.40%
Fair Value	[1],[2],[3],[4],[8]	$ 1,370,911
Cost	[1],[2],[4],[8]	3,000,000
Principal/ Number of Shares	[1],[2],[4],[8]	$ 3,000,000
Original Acquisition Date	[1],[2],[4],[8]	Aug. 18, 2022
Total Corporate Education Software [Member] | ETU Holdings, Inc. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[8]			2%
Fair Value	[1],[2],[3],[8]			$ 7,006,300
Cost	[1],[2],[8]			6,935,556
Principal/ Number of Shares	[1],[2],[8]			$ 7,000,000
Original Acquisition Date	[1],[2],[8]			Aug. 18, 2022
Total Dental Practice Management One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	2.40%
Fair Value	[1],[2],[3]	$ 8,860,800
Cost	[1],[2],[3]	$ 8,852,386
Total Dental Practice Management One [Member] | Modis Dental Partners OpCo, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5],[8]	0%
Fair Value	[1],[2],[3],[5],[8]
Cost	[1],[2],[5],[8]
Principal/ Number of Shares	[1],[2],[5],[8]
Original Acquisition Date	[1],[2],[5],[8]
Total Dental Practice Management One [Member] | Modis Dental Partners OpCo, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[8]	1.90%
Fair Value	[1],[2],[3],[8]	$ 6,988,800
Cost	[1],[2],[8]	6,902,386
Principal/ Number of Shares	[1],[2],[8]	$ 7,000,000
Original Acquisition Date	[1],[2],[8]	Apr. 18, 2023
Total Dental Practice Management One [Member] | Modis Dental Partners OpCo, LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[8]	0.50%
Fair Value	[1],[2],[3],[4],[8]	$ 1,872,000
Cost	[1],[2],[4],[8]	1,950,000
Principal/ Number of Shares	[1],[2],[4],[8]	$ 1,950,000
Original Acquisition Date	[1],[2],[4],[8]	Apr. 18, 2023
Total Employee Collaboration Software [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	3.80%		3.70%
Fair Value	[1],[2],[3]	$ 13,893,567		$ 13,051,740
Cost	[1],[2]	$ 10,669,223		$ 10,551,331
Total Employee Collaboration Software [Member] | Axero Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[8]	1.50%		1.60%
Fair Value	[1],[2],[3],[8]	$ 5,538,500		$ 5,513,200
Cost	[1],[2],[8]	5,465,822		5,460,448
Principal/ Number of Shares	[1],[2],[8]	$ 5,500,000		$ 5,500,000
Original Acquisition Date	[1],[2],[8]	Jun. 30, 2021		Jun. 30, 2021
Total Employee Collaboration Software [Member] | Axero Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[8]	0.30%		0.30%
Fair Value	[1],[2],[3],[8]	$ 1,107,700		$ 1,102,640
Cost	[1],[2],[8]	1,092,183		1,090,883
Principal/ Number of Shares	[1],[2],[8]	$ 1,100,000		$ 1,100,000
Original Acquisition Date	[1],[2],[8]	Jun. 30, 2021		Jun. 30, 2021
Total Employee Collaboration Software [Member] | Axero Holdings, LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5],[8]	0%		0%
Fair Value	[1],[2],[3],[5],[8]
Cost	[1],[2],[5],[8]
Principal/ Number of Shares	[1],[2],[5],[8]
Original Acquisition Date	[1],[2],[5],[8]			Feb. 03, 2022
Total Employee Collaboration Software [Member] | Axero Holdings, LLC Three [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[8]	0.80%		0.70%
Fair Value	[1],[2],[3],[4],[8]	$ 2,801,000		$ 2,498,000
Cost	[1],[2],[4],[8]	2,055,609		2,000,000
Principal/ Number of Shares	[1],[2],[4],[8]	$ 2,055,609		$ 2,000,000
Original Acquisition Date	[1],[2],[4],[8]	Jun. 30, 2021		Jun. 30, 2021
Total Employee Collaboration Software [Member] | Axero Holdings, LLC Four [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[8]	1.20%		1.10%
Fair Value	[1],[2],[3],[4],[8]	$ 4,446,367		$ 3,937,900
Cost	[1],[2],[4],[8]	2,055,609		2,000,000
Principal/ Number of Shares	[1],[2],[4],[8]	$ 2,055,609		$ 2,000,000
Original Acquisition Date	[1],[2],[4],[8]	Jun. 30, 2021		Jun. 30, 2021
Total Healthcare Services One [Member] | Alpha Aesthetics Partners OpCo, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[8]	1.20%
Fair Value	[1],[2],[3],[8]	$ 3,891,810
Cost	[1],[2],[8]	3,845,631
Principal/ Number of Shares	[1],[2],[8]	$ 3,900,000
Original Acquisition Date	[1],[2],[8]	Mar. 20, 2023
Total Healthcare Services One [Member] | Alpha Aesthetics Partners OpCo, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5],[8]	1.40%
Fair Value	[1],[2],[3],[5],[8]	$ 4,870,247
Cost	[1],[2],[5],[8]	4,811,222
Principal/ Number of Shares	[1],[2],[5],[8]	$ 4,880,496
Original Acquisition Date	[1],[2],[5],[8]	Mar. 20, 2023
Total Healthcare Services One [Member] | Alpha Aesthetics Partners OpCo, LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[8]	0.60%
Fair Value	[1],[2],[3],[4],[8]	$ 2,090,501
Cost	[1],[2],[4],[8]	1,850,000
Principal/ Number of Shares	[1],[2],[4],[8]	$ 1,850,000
Original Acquisition Date	[1],[2],[4],[8]	Mar. 20, 2023
Sub Total Affiliate investments [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	13.20%		8.10%
Fair Value	[1],[2],[3]	$ 47,128,397		$ 28,305,871
Cost	[1],[2]	$ 45,834,741		$ 25,722,320
Total­ I­T ­Services One ­[Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	9.90%		12.80%
Fair Value	[1],[2],[3]	$ 35,671,690		$ 44,167,198
Cost	[1],[2]	$ 38,935,285		$ 35,886,985
Total­ I­T ­Services One ­[Member] | Netreo Holdings, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[11]	1.50%
Fair Value	[1],[2],[3],[11]	$ 5,515,558
Cost	[1],[2],[11]	5,632,944
Principal/ Number of Shares	[1],[2],[11]	$ 5,643,670
Original Acquisition Date	[1],[2],[11]	Jul. 03, 2018
Total­ I­T ­Services One ­[Member] | Netreo Holdings, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[6],[11]	6.80%
Fair Value	[1],[2],[3],[6],[11]	$ 24,480,337
Cost	[1],[2],[6],[11]	24,957,841
Principal/ Number of Shares	[1],[2],[6],[11]	$ 25,048,948
Original Acquisition Date	[1],[2],[6],[11]	May 26, 2020
Total­ I­T ­Services One ­[Member] | Netreo Holdings, LLC Two [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[11]	1.60%
Fair Value	[1],[2],[3],[4],[11]	$ 5,675,795
Cost	[1],[2],[4],[11]	8,344,500
Principal/ Number of Shares	[1],[2],[4],[11]	$ 4,600,677
Original Acquisition Date	[1],[2],[4],[11]	Jul. 03, 2018
Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[10],[11],[12]	2.50%
Fair Value	[1],[2],[3],[10],[11],[12]	$ 8,938,522
Cost	[1],[2],[10],[11],[12]	23,412,409
Principal/ Number of Shares	[1],[2],[10],[11],[12]	$ 111,000,000
Original Acquisition Date	[1],[2],[10],[11],[12]	Jan. 22, 2008
Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[10],[11]	2.50%
Fair Value	[1],[2],[3],[10],[11]	$ 8,981,565
Cost	[1],[2],[10],[11]	9,375,000
Principal/ Number of Shares	[1],[2],[10],[11]	$ 9,375,000
Original Acquisition Date	[1],[2],[10],[11]	Aug. 09, 2021
Total Structured Finance Securities [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	8.20%		11.90%
Fair Value	[1],[2],[3]	$ 29,387,471		$ 41,362,479
Cost	[1],[2]	$ 44,179,909		$ 49,711,404
Total Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[10],[11],[12]			6.10%
Fair Value	[1],[2],[3],[10],[11],[12]			$ 21,176,578
Cost	[1],[2],[10],[11],[12]			28,943,904
Principal/ Number of Shares	[1],[2],[10],[11],[12]			$ 111,000,000
Original Acquisition Date	[1],[2],[10],[11],[12]			Jan. 22, 2008
Total Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[10],[11]			2.50%
Fair Value	[1],[2],[3],[10],[11]			$ 8,831,406
Cost	[1],[2],[10],[11]			9,375,000
Principal/ Number of Shares	[1],[2],[10],[11]			$ 9,375,000
Original Acquisition Date	[1],[2],[10],[11]			Aug. 09, 2021
Total Structured Finance Securities [Member] | Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[10],[11]	3.20%		3.30%
Fair Value	[1],[2],[3],[10],[11]	$ 11,467,384		$ 11,354,495
Cost	[1],[2],[10],[11]	11,392,500		11,392,500
Principal/ Number of Shares	[1],[2],[10],[11]	$ 12,250,000		$ 12,250,000
Original Acquisition Date	[1],[2],[10],[11]	Oct. 28, 2022		Oct. 28, 2022
Total Investment Fund [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			8.90%
Fair Value	[1],[2],[3]			$ 30,725,905
Cost	[1],[2]			$ 35,202,440
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5],[10],[11]	4.90%
Fair Value	[1],[2],[3],[5],[10],[11]	$ 17,618,954
Cost	[1],[2],[5],[10],[11]	17,618,954
Principal/ Number of Shares	[1],[2],[5],[10],[11]	$ 17,618,954
Original Acquisition Date	[1],[2],[5],[10],[11]	Feb. 17, 2022
Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[10],[11]	2.20%
Fair Value	[1],[2],[3],[4],[10],[11]	$ 7,792,023
Cost	[1],[2],[4],[10],[11]	17,583,486
Principal/ Number of Shares	[1],[2],[4],[10],[11]	$ 17,583,486
Original Acquisition Date	[1],[2],[3],[4],[10],[11]	Feb. 17, 2022
Total Investment Fund [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	7.10%
Fair Value	[1],[2],[3]	$ 25,410,977
Cost	[1],[2]	$ 35,202,440
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[4],[10],[11]			3.80%
Fair Value	[1],[2],[3],[4],[10],[11]			$ 13,106,951
Cost	[1],[2],[4],[10],[11]			17,583,486
Principal/ Number of Shares	[1],[2],[4],[10],[11]			$ 17,583,486
Original Acquisition Date	[1],[2],[4],[10],[11]			Feb. 17, 2022
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2],[5],[10],[11]			5.10%
Fair Value	[1],[2],[3],[5],[10],[11]			$ 17,618,954
Cost	[1],[2],[5],[10],[11]			17,618,954
Principal/ Number of Shares	[1],[2],[5],[10],[11]			$ 17,618,954
Original Acquisition Date	[1],[2],[5],[10],[11]			Feb. 17, 2022
Sub Total Control investments [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	25.20%		33.60%
Fair Value	[1],[2],[3]	$ 90,470,138		$ 116,255,582
Cost	[1],[2]	$ 118,317,634		$ 120,800,829
Total Investments [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]	310.60%		280.30%
Fair Value	[1],[2],[3]	$ 1,114,038,609		$ 972,590,253	[4]
Cost	[1],[2]	$ 1,147,863,944		$ 966,489,357
ArbiterSports, LLC One [Member] | ArbiterSports, LLC One [Member]
Non-control/Non-affiliate investments - 269.2% (b)
% of Net Assets	[1],[2]			0.30%
Fair Value	[1],[2],[3]			$ 989,300
Cost	[1],[2]			1,000,000
Principal/ Number of Shares	[1],[2]			$ 1,000,000
Original Acquisition Date	[1],[2]			Feb. 21, 2020
[1] Percentages are based on net assets of $359,558,749 as of November 30, 2023. Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities. Because there is no “readily available market quotations” (as defined in the 1940 Act) for these investments, the fair values of these investments were determined using significant unobservable inputs and approved in good faith by our board of directors. These investments have been included as Level 3 in the Fair Value Hierarchy (see Note 3 to the consolidated financial statements). These securities are either fully or partially pledged as collateral under the Company’s senior secured revolving credit facility (see Note 8 to the consolidated financial statements). As defined in the 1940 Act, this portfolio company is an “affiliate” as we own between 5.0% and 25.0% of the outstanding voting securities. Transactions during the nine months ended November 30, 2023 in which the issuer was an affiliate are as follows: Represents an investment that is not a “qualifying asset” under Section 55(a) of the Investment Company Act of 1940, as amended (the 1940 Act”). As of November 30, 2023, non-qualifying assets represent 6.2% of the Company’s portfolio at fair value. As a BDC, the Company generally has to invest at least 70% of its total assets in qualifying assets. This investment does not have a stated interest rate that is payable thereon. As a result, the 0.00% interest rate in the table above represents the effective interest rate currently earned on the investment cost and is based on the current cash interest and other income generated by the investment.

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (unaudited) (Parentheticals) - Saratoga CLO [Member]		Nov. 30, 2023		Feb. 28, 2023
Total Alternative Investment Management Software [Member] | Altvia MidCo, LLC. [Member]
Investment variable rate	[1],[2]	8.50%		8.50%
Investment interest rate	[1],[2]	13.87%		13.39%
Investment maturity date	[1],[2]	Jul. 18, 2027		Jul. 18, 2027
Total Architecture & Engineering Software [Member] | BQE Software, Inc [Member]
Investment variable rate	[1],[2]	6.75%
Investment interest rate	[1],[2]	12.12%
Investment maturity date	[1]	Apr. 13, 2028
Total Architecture & Engineering Software [Member] | BQE Software, Inc One [Member]
Investment variable rate	[1],[2],[3]	6.75%
Investment interest rate	[1],[2],[3]	12.12%
Investment maturity date	[1],[2],[3]	Apr. 13, 2028
Total Association Management Software [Member] | GrowthZone, LLC [Member]
Investment variable rate	[1],[2]	8.25%
Investment interest rate	[1],[2]	13.62%
Investment maturity date	[1],[2]	May 10, 2028
Total Consumer Services [Member] | Artemis Wax Corp.[Member]
Investment variable rate	[1],[2],[3],[4]	6.75%		6.75%
Investment interest rate	[1],[2],[3],[4]	12.09%		11.41%
Investment maturity date	[1],[2],[3],[4]	May 20, 2026		May 20, 2026
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC [Member]
Investment variable rate	[1],[2],[3]	10.33%		10.35%
Investment interest rate	[1],[2],[3]	15.70%		15.24%
Investment maturity date	[1],[2],[3]	Apr. 29, 2026		Apr. 29, 2026
Total Dental Practice Management [Member] | New England Dental Partners [Member]
Investment variable rate	[1],[2]	8%		8%
Investment interest rate	[1],[2]	13.52%		12.97%
Investment maturity date	[1],[2]	Nov. 25, 2025		Nov. 25, 2025
Total Dental Practice Management [Member] | New England Dental Partners One [Member]
Investment variable rate	[1],[2]	8%		8%
Investment interest rate	[1],[2]	13.52%		12.97%
Investment maturity date	[1],[2]	Nov. 25, 2025		Jan. 25, 2025
Total Direct Selling Software [Member] | Exigo, LLC [Member]
Investment variable rate	[1],[2],[4]	5.75%
Investment interest rate	[1],[2],[4]	11.19%
Investment maturity date	[1],[2],[4]	Mar. 16, 2027
Total Direct Selling Software [Member] | Exigo, LLC Two [Member]
Investment variable rate	[1],[2],[3]	5.75%
Investment interest rate	[1],[2],[3]	11.19%
Investment maturity date	[1],[2],[3]	Mar. 16, 2027
Total Direct Selling Software [Member] | Exigo, LLC Four [Member]
Investment variable rate	[1],[2],[4]			5.75%
Investment interest rate	[1],[2],[4]			10.42%
Investment maturity date	[1],[2],[4]			Mar. 16, 2027
Total Direct Selling Software [Member] | Exigo, LLC Five [Member]
Investment variable rate	[1],[2],[3]			5.75%
Investment interest rate	[1],[2],[3]			10.42%
Investment maturity date	[1],[2],[3]			Mar. 16, 2027
Total Direct Selling Software [Member] | Exigo, LLC Six [Member]
Investment variable rate	[2],[3]			5.75%
Investment interest rate	[2],[3]			10.42%
Investment maturity date	[2],[3]			Mar. 16, 2027
Total Education Services [Member] | C2 Educational Systems [Member]
Investment variable rate	[2],[4]	8.50%	[1]	8.50%
Investment interest rate	[2],[4]	13.87%	[1]	13.47%
Investment maturity date	[2],[4]	May 31, 2025	[1]	May 31, 2023
Total Education Services [Member] | C2 Educational Systems, Inc.One [Member]
Investment variable rate	[1],[2],[3]	8.50%
Investment interest rate	[1],[2],[3]	13.87%
Investment maturity date	[1],[2],[3]	May 31, 2025
Total Education Services [Member] | Zollege PBC [Member]
Investment variable rate	[2]	7%	[1],[5]	7%
Investment interest rate	[2]	14.37%	[1],[5]	11.97%
Investment maturity date	[2]	May 11, 2026	[1],[5]	May 11, 2026
PIK rate	[1],[2],[5]	2%
Total Education Services [Member] | Zollege PBC One [Member]
Investment variable rate	[2],[3]	7%	[1],[5]	7%
Investment interest rate	[2],[3]	14.37%	[1],[5]	11.97%
Investment maturity date	[2],[3]	May 11, 2026	[1],[5]	May 11, 2026
PIK rate	[1],[2],[3],[5]	2%
Total Education Software [Member] | GoReact [Member]
Investment variable rate	[2]	7.50%	[1]	7.50%
Investment interest rate	[2]	14.07%	[1]	13.59%
Investment maturity date	[2]	Jan. 17, 2025	[1]	Jan. 17, 2025
PIK rate	[1],[2]	1%
Total Education Software [Member] | GoReact One [Member]
Investment variable rate	[2],[3]	7.50%	[1]	7.50%
Investment interest rate	[2],[3]	14.07%	[1]	13.59%
Investment maturity date	[2],[3]	Jan. 17, 2025	[1]	Jan. 17, 2025
PIK rate	[1],[2],[3]	1%
Total Education Software [Member] | Ready Education [Member]
Investment variable rate	[2]	7%	[1]	6%
Investment interest rate	[2]	12.37%	[1]	10.89%
Investment maturity date	[2]	Aug. 05, 2027	[1]	Aug. 05, 2027
Total Field Service Management [Member] | Davisware, LLC [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.37%	[1]	11.89%
Investment maturity date	[2]	Jul. 31, 2024	[1]	Jul. 31, 2024
Total Field Service Management [Member] | Davisware, LLC One [Member]
Investment variable rate	[2]	7%	[1],[3]	7%
Investment interest rate	[2]	12.37%	[1],[3]	11.89%
Investment maturity date	[2]	Jul. 31, 2024	[1],[3]	Jul. 31, 2024
Total Financial Services [Member] | GDS Software Holdings, LLC [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.37%	[1]	11.97%
Investment maturity date	[2]	Dec. 30, 2026	[1]	Dec. 30, 2026
Total Financial Services [Member] | GDS Software Holdings, LLC One [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.37%	[1]	11.97%
Investment maturity date	[2]	Dec. 30, 2026	[1]	Dec. 30, 2026
Total Financial Services [Member] | B. Riley Financial, Inc. [Member]
Investment interest rate	[2],[6]			6.75%
Investment maturity date	[2],[6]			May 31, 2024
Total Financial Services Software [Member] | Ascend Software, LLC [Member]
Investment variable rate	[2]	7.50%	[1]	7.50%
Investment interest rate	[2]	13.13%	[1]	12.47%
Investment maturity date	[2]	Dec. 15, 2026	[1]	Dec. 15, 2026
Total Financial Services Software [Member] | Ascend Software, LLC [Member]
Investment variable rate	[2]	7.50%	[1],[3]	7.50%	[7]
Investment interest rate	[2],[3]	13.13%	[1]	12.47%
Investment maturity date	[2],[3]	Dec. 15, 2026	[1]	Dec. 15, 2026
Total Fire Inspection Business Software [Member] | Inspect Point Holdings, LLC [Member]
Investment variable rate	[1],[2]	6.50%
Investment interest rate	[1],[2]	11.84%
Investment maturity date	[1],[2]	Jul. 19, 2028
Total Fire Inspection Business Software [Member] | Inspect Point Holdings, LLC One [Member]
Investment variable rate	[1],[2],[3]	6.50%
Investment interest rate	[1],[2],[3]	11.84%
Investment maturity date	[1],[2],[3]	Jul. 19, 2028
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC [Member]
Investment variable rate	[1],[2]	7%
Investment interest rate	[1],[2]	12.37%
Investment maturity date	[1],[2]	Mar. 31, 2028
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC One [Member]
Investment variable rate	[1],[2],[3]	7%
Investment interest rate	[1],[2],[3]	12.37%
Investment maturity date	[1],[2],[3]	Mar. 31, 2028
Total Healthcare Services [Member] | Axiom Medical Consulting LLC [Member]
Investment variable rate	[1],[2],[3]	6%
Investment interest rate	[1],[2],[3]	11.37%
Investment maturity date	[1],[2],[3]	Sep. 11, 2028
Total Healthcare Services [Member] | ComForCare Health Care [Member]
Investment variable rate	[1],[2],[4]	6.25%
Investment interest rate	[1],[2],[4]	11.62%
Investment maturity date	[1],[2],[4]	Jan. 31, 2025
Total Healthcare Services [Member] | ComForCare Health Care One [Member]
Investment variable rate	[2],[4]			6.25%
Investment interest rate	[2],[4]			11.22%
Investment maturity date	[2],[4]			Jan. 31, 2025
Total Healthcare Services [Member] | Axiom Medical Consulting LLC One [Member]
Investment variable rate		6%
Total Healthcare Services [Member] | Axiom Medical Consulting LLC One [Member]
Investment interest rate		11.37%
Investment maturity date		Sep. 11, 2028
Total Healthcare Software [Member] | HemaTerra Holding Company, LLC [Member]
Investment variable rate	[2],[4]	8.25%	[1]	8.25%
Investment interest rate	[2],[4]	13.59%	[1]	12.91%
Investment maturity date	[2],[4]	Jan. 31, 2027	[1]	Jan. 31, 2027
Total Healthcare Software [Member] | HemaTerra Holding Company, LLC One [Member]
Investment variable rate	[2]	8.25%	[1]	8.25%
Investment interest rate	[2]	13.59%	[1]	12.91%
Investment maturity date	[2]	Jan. 31, 2027	[1]	Jan. 31, 2027
Total Healthcare Software [Member] | Procurement Partners, LLC [Member]
Investment variable rate	[2]	6.50%	[1]	6.50%
Investment interest rate	[2]	11.87%	[1]	11.39%
Investment maturity date	[2]	May 12, 2026	[1]	May 12, 2026
Total Healthcare Software [Member] | Procurement Partners, LLC [Member]
Investment variable rate	[2]	6.50%	[1],[3]	6.50%	[7]
Investment interest rate	[2],[3]	11.87%	[1]	11.39%
Investment maturity date	[2],[3]	May 12, 2026	[1]	May 12, 2026
Total Hospitality/Hotel [Member] | Book4Time, Inc. [Member]
Investment variable rate	[2],[4],[6]	7.50%	[1]	7.50%
Investment interest rate	[2],[4],[6]	12.87%	[1]	12.47%
Investment maturity date	[2],[4],[6]			Dec. 22, 2025
Total Hospitality/Hotel [Member] | Buildout, Inc. [Member]
Investment maturity date	[1],[2],[4],[6]	Dec. 22, 2025
Total Hospitality/Hotel [Member] | Book4Time, Inc. One [Member]
Investment variable rate	[2],[6]	7.50%	[1]	7.50%
Investment interest rate	[2],[6]	12.87%	[1]	12.47%
Investment maturity date	[2],[6]	Dec. 22, 2025	[1]	Dec. 22, 2025
Total Hospitality/Hotel [Member] | Knowland Group, LLC [Member]
Investment variable rate	[2],[8]	8%	[1]	8%	[5]
Investment interest rate	[2],[8]	16.52%	[1]	13.97%	[5]
Investment maturity date	[2],[8]	Dec. 31, 2024	[1]	May 09, 2024	[5]
PIK rate	[2],[8]	3%	[1]	1%	[5]
Total Hospitality/Hotel [Member] | Sceptre Hospitality Resources, LLC [Member]
Investment variable rate	[2]	7.25%	[1]	7.25%
Investment interest rate	[2]	12.62%	[1]	12.14%
Investment maturity date	[2]	Nov. 15, 2027	[1]	Nov. 15, 2027
Total Hospitality/Hotel [Member] | Sceptre Hospitality Resources, LLC One [Member]
Investment variable rate	[2],[3]	7.25%	[1]	7.25%
Investment interest rate	[3]	12.62%	[1],[2]	12.14%
Investment maturity date	[2],[3]	Nov. 15, 2027	[1]	Nov. 15, 2027
Total HVAC Services and Sales [Member] | Granite Comfort, LP [Member]
Investment variable rate	[2],[4]	8.13%	[1]	7.86%
Investment interest rate	[2],[4]	13.50%	[1]	12.75%
Investment maturity date	[2],[4]	Nov. 16, 2025	[1]	Nov. 16, 2025
Total HVAC Services and Sales [Member] | Granite Comfort, LP One [Member]
Investment variable rate	[2],[3]	8.13%	[1]	7.86%
Investment interest rate	[2],[3]	13.50%	[1]	12.75%
Investment maturity date	[2],[3]	Nov. 16, 2025	[1]	Nov. 16, 2025
Total Industrial Products [Member] | Vector Controls Holding Co., LLC [Member]
Investment variable rate	[2],[4]	6.50%	[1]	6.50%
Investment interest rate	[2],[4]	11.75%	[1]	11.47%
Investment maturity date	[2],[4]	Mar. 06, 2025	[1]	Mar. 06, 2025
Total Industrial Products [Member] | Vector Controls Holding Co., LLC One [Member]
Investment maturity date	[2],[8]	Nov. 30, 2027	[1]	Nov. 30, 2027
Total Insurance Software [Member] | AgencyBloc, LLC [Member]
Investment variable rate	[2]	8%	[1]	8%
Investment interest rate	[2]	13.37%	[1]	12.58%
Investment maturity date	[2]	Oct. 01, 2026	[1]	Oct. 01, 2026
Total IT Services [Member] | LogicMonitor, Inc. [Member]
Investment variable rate	[2],[4]	6.50%	[1]	6.50%
Investment interest rate	[2],[4]	11.87%	[1]	11.39%
Investment maturity date	[2],[4]	May 17, 2026	[1]	May 17, 2026
Total IT Services [Member] | Netreo Holdings, LLC [Member]
Investment variable rate				6.50%
Investment interest rate				13.47%
Investment maturity date				Dec. 31, 2025
PIK rate				2%
Total IT Services [Member] | Netreo Holdings, LLC One [Member]
Investment variable rate				6.50%
Investment interest rate				13.47%
Investment maturity date				Dec. 31, 2025
PIK rate				2%
Total Lead management Software [Member] | ActiveProspect, Inc. [Member]
Investment variable rate	[1],[2],[4]	6%
Investment interest rate	[1],[2],[4]	11.60%
Investment maturity date	[1],[2],[4]	Aug. 08, 2027
Total Lead management Software [Member] | ActiveProspect, Inc. One [Member]
Investment variable rate	[1],[2],[3]	6%
Investment interest rate	[1],[2],[3]	11.57%
Investment maturity date	[1],[2],[3]	Aug. 08, 2027
Total Lead management Software [Member] | ActiveProspect, Inc Two [Member]
Investment variable rate	[2],[4]			6%
Investment interest rate	[2],[4]			10.97%
Investment maturity date	[2],[4]			Aug. 08, 2027
Total Lead management Software [Member] | ActiveProspect, Inc Three [Member]
Investment variable rate	[2],[3]			6%
Investment interest rate	[2],[3]			10.97%
Investment maturity date	[2],[3]			Aug. 08, 2027
Total Legal Software [Member] | Centerbase, LLC [Member]
Investment variable rate	[2]	7.75%	[1]	7.75%
Investment interest rate	[2]	13.12%	[1]	12.41%
Investment maturity date	[2]	Jan. 18, 2027	[1]	Jan. 18, 2027
Total Marketing Orchestration Software [Member] | Madison Logic, Inc. [Member]
Investment variable rate	[2],[4]	7%	[1]	7%
Investment interest rate	[2],[4]	12.37%	[1]	11.89%
Investment maturity date	[2],[4]	Dec. 30, 2028	[1]	Dec. 30, 2028
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC [Member]
Investment variable rate	[2],[4]	8.47%	[1]	8.48%
Investment interest rate	[2],[4]	13.84%	[1]	13.37%
Investment maturity date	[2],[4]	Aug. 05, 2027	[1]	Aug. 05, 2027
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC One [Member]
Investment variable rate	[2],[3],[4]	8.47%	[1]	8.48%
Investment interest rate	[2],[3],[4]	13.84%	[1]	13.37%
Investment maturity date	[2],[3],[4]	Aug. 05, 2027	[1]	Aug. 05, 2027
Total Mentoring Software [Member] | Chronus LLC [Member]
Investment variable rate	[1],[2]	5.25%
Investment interest rate	[1],[2]	10.77%
Investment maturity date	[1],[2]	Aug. 26, 2026
Total Mentoring Software [Member] | Chronus LLC One [Member]
Investment variable rate	[2]	6%	[1]	6%
Investment interest rate	[2]	11.52%	[1]	10.97%
Investment maturity date	[2]	Aug. 26, 2026	[1]	Aug. 26, 2026
Total Mentoring Software [Member] | Chronus LLC [Member]
Investment variable rate	[2]			5.25%
Investment interest rate	[2]			10.22%
Investment maturity date	[2]			Aug. 26, 2026
Total Non-profit Services [Member] | Omatic Software, LLC [Member]
Investment variable rate	[2]	8%	[1]	8%
Investment interest rate	[2]	14.63%	[1]	14.15%
Investment maturity date	[2]	Jun. 30, 2024	[1]	Jan. 31, 2024
PIK rate	[2]	1%	[1]	1%
Total Office Supplies [Member] | Emily Street Enterprises, L.L.C. [Member]
Investment variable rate	[2]	7.50%	[1]	7.50%
Investment interest rate	[2]	12.87%	[1]	12.39%
Investment maturity date	[2]	Dec. 31, 2025	[1]	Dec. 31, 2025
Total Office Supplies [Member] | Emily Street Enterprises, L.L.C. One [Member]
Investment maturity date	[2],[8]	Dec. 31, 2025	[1]	Dec. 31, 2025
Total Real Estate Services [Member] | Buildout, Inc. [Member]
Investment variable rate	[2]	7%	[1],[4]	7%
Investment interest rate	[2]	12.47%	[1],[4]	11.97%
Investment maturity date	[2]	Jul. 09, 2025	[1],[4]	Jul. 09, 2025
Total Real Estate Services [Member] | Buildout, Inc. One [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.47%	[1]	11.97%
Investment maturity date	[2]	Jul. 09, 2025	[1]	Jul. 09, 2025
Total Research Software [Member] | Wellspring Worldwide Inc. [Member]
Investment variable rate	[2]	7.25%	[1]	7.25%
Investment interest rate	[2]	12.62%	[1]	11.83%
Investment maturity date	[2]	Jun. 27, 2027	[1]	Jun. 27, 2027
Total Restaurant [Member] | LFR Chicken LLC [Member]
Investment variable rate	[2]	7%	[1]	7%
Investment interest rate	[2]	12.34%	[1]	11.67%
Investment maturity date	[2]	Nov. 19, 2026	[1]	Nov. 19, 2026
Total Restaurant [Member] | LFR Chicken LLC One [Member]
Investment variable rate	[2]	7%	[1]	7%	[3]
Investment interest rate	[2]	12.34%	[1]	11.67%	[3]
Investment maturity date	[2]	Nov. 19, 2026	[1]	Nov. 19, 2026	[3]
Total Restaurant [Member] | TMAC Acquisition Co., LLC [Member]
Investment maturity date	[2]			Mar. 01, 2024
PIK rate	[2]			8%
Total Roofing Contractor Software [Member] | JobNimbus LLC [Member]
Investment variable rate	[1],[2]	8.75%
Investment interest rate	[1],[2]	14.27%
Investment maturity date	[1],[2]	Sep. 20, 2026
Total Specialty Food Retailer [Member] | Pepper Palace, Inc [Member]
Investment variable rate	[2],[4]	6.25%	[1],[5]	6.25%
Investment interest rate	[2],[4]	11.77%	[1],[5]	11.22%
Investment maturity date	[2],[4]	Jun. 30, 2026	[1],[5]	Jun. 30, 2026
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. One [Member]
Investment variable rate	[2],[3]	6.25%	[1],[5]	6.25%
Investment interest rate	[2],[3]	11.77%	[1],[5]	11.22%
Investment maturity date	[2]	Jun. 30, 2026	[1],[3],[5]	Jun. 30, 2026
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. Two [Member]
Investment variable rate	[2],[3]	6.25%	[1],[5]	6.25%
Investment interest rate	[2],[3]	11.77%	[1],[5]	11.22%
Investment maturity date	[2],[3]	Jun. 30, 2026	[1],[5]	Jun. 30, 2026
Total Sports Management [Member] | ArbiterSports, LLC [Member]
Investment variable rate	[2],[4]	6%	[1]	6.50%
Investment interest rate	[2],[4]	11.37%	[1]	11.47%
Investment maturity date	[2],[4]	Feb. 21, 2025	[1]	Feb. 21, 2025
Total Sports Management [Member] | ArbiterSports, LLC One [Member]
Investment variable rate	[2]	6%	[1]	6.50%
Investment interest rate	[2]	11.37%	[1]	11.47%
Investment maturity date	[2]	Feb. 21, 2025	[1]	Feb. 21, 2025
Total Talent Acquisition Software [Member] | JDXpert [Member]
Investment variable rate	[2]	8.50%	[1]	8.50%
Investment interest rate	[2]	14.13%	[1]	13.47%
Investment maturity date	[2]	May 02, 2027	[1]	May 02, 2027
Total Talent Acquisition Software [Member] | JDXpert One [Member]
Investment variable rate	[2],[3]	8.50%	[1]	8.50%
Investment interest rate	[2],[3]	14.13%	[1]	13.47%
Investment maturity date	[2],[3]	May 02, 2027	[1]	May 02, 2027
Total Talent Acquisition Software [Member] | Jobvite, Inc. [Member]
Investment variable rate	[4]	8%	[1],[2]	8%
Investment interest rate	[4]	13.33%	[1],[2]	12.89%
Investment maturity date	[4]	Aug. 05, 2028	[1],[2]	Aug. 05, 2028
Total Veterinary Services [Member] | VetnCare MSO, LLC [Member]
Investment variable rate	[1],[2],[3]	5.75%
Investment interest rate	[1],[2],[3]	11.12%
Investment maturity date	[1],[2],[3]	May 12, 2028
Total Corporate Education Software [Member] | ETU Holdings, Inc. [Member]
Investment variable rate	[1],[2],[9]	9%
Investment interest rate	[1],[2],[9]	14.52%
Investment maturity date	[9]	Aug. 18, 2027	[1],[2]	Feb. 28, 2028
PIK rate	[9]			15%
Total Corporate Education Software [Member] | ETU Holdings, Inc. One [Member]
Investment maturity date	[1],[2],[9]	Feb. 18, 2028
PIK rate	[1],[2],[9]	15%
Total Corporate Education Software [Member] | ETU Holdings, Inc. [Member]
Investment variable rate	[9]			9%
Investment interest rate	[9]			13.97%
Investment maturity date	[9]			Aug. 18, 2027
Total Dental Practice Management One [Member] | Modis Dental Partners OpCo, LLC [Member]
Investment variable rate	[1],[2],[9]	9.48%
Investment interest rate	[1],[2],[9]	14.82%
Investment maturity date	[1],[2],[9]	Apr. 18, 2028
Total Dental Practice Management One [Member] | Modis Dental Partners OpCo, LLC One [Member]
Investment variable rate	[1],[2],[3],[9]	9.48%
Investment interest rate	[1],[2],[3],[9]	14.82%
Investment maturity date	[1],[2],[3],[9]	Apr. 18, 2028
Total Employee Collaboration Software [Member] | Axero Holdings, LLC [Member]
Investment variable rate	[2],[9]	10%	[1]	8%
Investment interest rate	[2],[9]	15.52%	[1]	13.04%
Investment maturity date	[2],[9]	Jun. 30, 2026	[1]	Jun. 30, 2026
Total Employee Collaboration Software [Member] | Axero Holdings, LLC One [Member]
Investment variable rate	[2],[9]	10%	[1]	8%
Investment interest rate	[2],[9]	15.52%	[1]	13.04%
Investment maturity date	[2],[9]	Jun. 30, 2026	[1]	Jun. 30, 2026
Total Employee Collaboration Software [Member] | Axero Holdings, LLC Two [Member]
Investment variable rate	[2],[3],[9]	10%	[1]	8%
Investment interest rate	[2],[3],[9]	15.52%	[1]	13.04%
Investment maturity date	[2],[3],[9]	Jun. 30, 2026	[1]	Jun. 30, 2026
Total Healthcare Services One [Member] | Alpha Aesthetics Partners OpCo, LLC [Member]
Investment variable rate	[1],[2],[9]	9.98%
Investment interest rate	[1],[2],[9]	15.32%
Investment maturity date	[1],[2],[9]	Mar. 20, 2028
Total Healthcare Services One [Member] | Alpha Aesthetics Partners OpCo, LLC One [Member]
Investment variable rate	[1],[2],[3],[9]	9.98%
Investment interest rate	[1],[2],[3],[9]	15.32%
Investment maturity date	[1],[2],[3],[9]	Mar. 20, 2028
Total­ I­T ­Services One ­[Member] | Netreo Holdings, LLC [Member]
Investment variable rate	[1],[2],[10]	6.50%
Investment interest rate	[1],[2],[10]	15.52%
Investment maturity date	[1],[2],[10]	Dec. 31, 2025
PIK rate	[1],[2],[10]	3.50%
Total­ I­T ­Services One ­[Member] | Netreo Holdings, LLC One [Member]
Investment variable rate	[1],[2],[4],[10]	6.50%
Investment interest rate	[1],[2],[4],[10]	15.52%
Investment maturity date	[1],[2],[4],[10]	Dec. 31, 2025
PIK rate	[1],[2],[4],[10]	3.50%
Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Investment interest rate	[1],[2],[6],[10],[11]	0%
Investment maturity date	[1],[2],[6],[10],[11]	Apr. 20, 2033
Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Investment variable rate	[1],[2],[6],[10]	10%
Investment interest rate	[1],[2],[6],[10]	15.37%
Investment maturity date	[1],[2],[6],[10]	Apr. 20, 2033
Total Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Investment interest rate				0%
Investment maturity date				Apr. 20, 2033
Total Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Investment variable rate				10%
Investment interest rate				14.97%
Investment maturity date				Apr. 20, 2033
Total Structured Finance Securities [Member] | Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
Investment variable rate		8.55%	[1],[2],[6],[10]	8.55%
Investment interest rate		13.92%	[1],[2],[6],[10]	13.44%
Investment maturity date		Oct. 20, 2033	[1],[2],[6],[10]	Oct. 20, 2033
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV LLC [Member]
Investment variable rate	[1],[2],[3],[6],[10]	10%
Investment maturity date	[1],[2],[6],[7],[10]	Oct. 20, 2033
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC [Member]
Investment variable rate				10%
Investment maturity date				Jun. 15, 2023
[1] Percentages are based on net assets of $359,558,749 as of November 30, 2023. Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities. These securities are either fully or partially pledged as collateral under the Company’s senior secured revolving credit facility (see Note 8 to the consolidated financial statements). Represents an investment that is not a “qualifying asset” under Section 55(a) of the Investment Company Act of 1940, as amended (the 1940 Act”). As of November 30, 2023, non-qualifying assets represent 6.2% of the Company’s portfolio at fair value. As a BDC, the Company generally has to invest at least 70% of its total assets in qualifying assets. As defined in the 1940 Act, this portfolio company is an “affiliate” as we own between 5.0% and 25.0% of the outstanding voting securities. Transactions during the nine months ended November 30, 2023 in which the issuer was an affiliate are as follows: This investment does not have a stated interest rate that is payable thereon. As a result, the 0.00% interest rate in the table above represents the effective interest rate currently earned on the investment cost and is based on the current cash interest and other income generated by the investment.

Schedule of cash and cash equiv

Schedule of cash and cash equivalents and cash and cash equivalents - USD ($)	Nov. 30, 2023	[1]	Feb. 28, 2023	[2]
Cost	$ 47,026,499		$ 96,076,273
Number of Shares (in Shares)	47,026,499		96,076,273
% of Net Assets	13.10%		27.70%
Fair Value	$ 47,026,499		$ 96,076,273
U.S. Bank Money Market [Member]
Cost	$ 47,026,499	[3]	$ 96,076,273	[4]
Number of Shares (in Shares)	47,026,499	[3]	96,076,273	[4]
% of Net Assets	13.10%	[3]	27.70%	[4]
Fair Value	$ 47,026,499	[3]	$ 96,076,273	[4]
[1] Percentages are based on net assets of $359,558,749 as of November 30, 2023.

Schedule of transactions relate

Schedule of transactions related to affiliates - USD ($)	9 Months Ended	12 Months Ended
	Nov. 30, 2023	Feb. 28, 2023
Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)		$ 574,354
Net Realized Gain (Loss) from Investments
Sales		6,162,526
Purchases		43,409,000
Management Fee Income
Total Interest from Investments		5,190,237
Affiliate [Member] | Saratoga CLO [Member]
Net Change in Unrealized Appreciation (Depreciation)	$ (1,289,895)
Net Realized Gain (Loss) from Investments
Sales
Purchases	19,343,789
Management Fee Income
Total Interest from Investments	3,198,025
Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(23,302,249)	(10,461,606)
Net Realized Gain (Loss) from Investments
Management Fee Income	2,453,967	3,269,820
Total Interest from Investments	6,857,131	6,989,483
Sales
Purchases	2,475,000	28,634,940
Axero Holdings, LLC [Member] | Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)		1,951,499
Net Realized Gain (Loss) from Investments
Sales
Purchases		1,089,000
Management Fee Income
Total Interest from Investments		848,422
Axero Holdings, LLC [Member] | Affiliate [Member] | Saratoga CLO [Member]
Net Change in Unrealized Appreciation (Depreciation)	723,935
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	691,807
ETU Holdings, Inc. [Member] | Affiliate [Member] | Saratoga CLO [Member]
Net Change in Unrealized Appreciation (Depreciation)	(2,367,949)
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	1,425,096
Modis Dental Partners OpCo, LLC [Member] | Affiliate [Member] | Saratoga CLO [Member]
Net Change in Unrealized Appreciation (Depreciation)	8,414
Net Realized Gain (Loss) from Investments
Sales
Purchases	8,845,000
Management Fee Income
Total Interest from Investments	656,579
Alpha Aesthetics Partners OpCo, LLC [Member] | Affiliate [Member] | Saratoga CLO [Member]
Net Change in Unrealized Appreciation (Depreciation)	345,705
Net Realized Gain (Loss) from Investments
Sales
Purchases	10,498,789
Management Fee Income
Total Interest from Investments	424,543
Netreo Holdings, LLC [Member] | Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(11,543,808)	(2,363,302)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	3,151,257	2,529,483
Sales
Purchases	2,475,000	8,290,000
Saratoga Investment Corp. CLO 2013-1, Ltd. [Member] | Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(6,706,561)	(4,149,106)
Net Realized Gain (Loss) from Investments
Management Fee Income	2,453,967	3,269,820
Total Interest from Investments		1,228,486
Sales
Purchases
Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member] | Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	112,889	(38,005)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	1,265,735	552,330
Sales
Purchases		11,392,500
Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member] | Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	150,159	(543,594)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	1,099,141	1,195,662
Sales
Purchases
Saratoga Senior Loan Fund I JV, LLC [Member] | Control [Member]
Net Change in Unrealized Appreciation (Depreciation)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	1,340,998	1,483,522
Sales
Purchases		4,493,954
Saratoga Senior Loan Fund I JV, LLC One [Member] | Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(5,314,928)	(3,367,599)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments
Sales
Purchases		4,458,486
Artemis Wax Corp.[Member] | Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)		(1,460,287)
Net Realized Gain (Loss) from Investments
Sales		6,162,526
Purchases		27,440,000
Management Fee Income
Total Interest from Investments		3,418,378
ETU Holdings, Inc. [Member] | Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)		83,142
Net Realized Gain (Loss) from Investments
Sales
Purchases		14,880,000
Management Fee Income
Total Interest from Investments		$ 923,437

Organization

Organization	9 Months Ended
	Nov. 30, 2023
Organization [Abstract]
Organization	Note 1. Organization Saratoga Investment Corp. (the “Company”, “we”, “our” and “us”) is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering (“IPO”) on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation from its investments. GSC Investment, LLC (the “LLC”) was organized in May 2006 as a Maryland limited liability company. On March 21, 2007, the Company was incorporated and concurrently therewith the LLC was merged with and into the Company, with the Company as the surviving entity, in accordance with the procedure for such merger in the LLC’s limited liability company agreement and Maryland law. In connection with such merger, each outstanding limited liability company interest of the LLC was converted into a share of common stock of the Company. On July 30, 2010, the Company changed its name from “GSC Investment Corp.” to “Saratoga Investment Corp.” in connection with the consummation of a recapitalization transaction. The Company is externally managed and advised by the investment adviser, Saratoga Investment Advisors, LLC (the “Manager” or “Saratoga Investment Advisors”), pursuant to an investment advisory and management agreement (the “Management Agreement”). The Company has established wholly owned subsidiaries, SIA-AAP, Inc., SIA-ARC, Inc., SIA-Avionte, Inc., SIA-AX, Inc., SIA-G4, Inc., SIA-GH, Inc., SIA-MAC, Inc., SIA-MDP, Inc., SIA-PP Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT, Inc., SIA-Vector, Inc. and SIA-VR, Inc., which are structured as Delaware entities that are treated as corporations for U.S. federal income tax purposes and are intended to facilitate its compliance with the requirements to be treated as a RIC under the Code by holding equity or equity-like investments in portfolio companies organized as limited liability companies, or LLCs (or other forms of pass through entities). These entities are consolidated for accounting purposes, but are not consolidated for U.S. federal income tax purposes and may incur U.S. federal income tax expenses as a result of their ownership of portfolio companies. In February 2022, SIA-GH, Inc., SIA-TT Inc. and SIA-VR, Inc. received an approved plan of liquidation following the sale of equity held by each of the portfolio companies. Our wholly owned subsidiaries, Saratoga Investment Corp. SBIC LP (“SBIC LP”), Saratoga Investment Corp. SBIC II LP (“SBIC II LP”), and Saratoga Investment Corp. SBIC III LP (“SBIC III LP”, and together with SBIC LP and SBIC II LP, the “SBIC Subsidiaries”), received SBIC licenses from the SBA on March 28, 2012, August 14, 2019, and September 29, 2022, respectively. SBIC LP’s license provided up to $150.0 million in additional long-term capital in the form of SBA debentures, while SBIC II LP’s and SBIC III LP’s SBIC licenses each provide up to $175.0 million. Under current SBIC regulations, for two or more SBICs under common control, the maximum amount of outstanding SBA debentures cannot exceed $350.0 million with at least $175.0 million in combined regulatory capital. With all debentures repaid to the SBA, SBIC LP’s license was surrendered on January 3, 2024, providing the Company access to all undistributed capital of SBIC LP. The Company has formed a wholly owned special purpose entity, Saratoga Investment Funding II LLC (“SIF II”), a Delaware limited liability company, for the purpose of entering into the senior secured revolving credit facility with Encina Lender Finance, LLC (the “Lender”), supported by loans held by SIF II and pledged to the Lender under the credit facility (the “Encina Credit Facility”). On October 26, 2021, the Company and TJHA JV I LLC (“TJHA”) entered into a Limited Liability Company Agreement to co-manage Saratoga Senior Loan Fund I JV LLC (“SLF JV”). SLF JV is under joint control and is not consolidated. SLF JV is invested in Saratoga Investment Corp Senior Loan Fund 2022-1 Ltd. (“SLF 2022”), which is a wholly owned subsidiary of SLF JV. SLF 2022 was formed for the purpose of making investments in a diversified portfolio of broadly syndicated first lien and second lien term loans or bonds in the primary and secondary markets. On October 28, 2022, SLF 2022 issued $402.1 million of debt (the “2022 JV CLO Notes”) through a collateralized loan obligation trust (the “JV CLO trust”). The 2022 JV CLO Notes were issued pursuant to an indenture, dated October 28, 2022 (the “JV Indenture”), with U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) (the “Trustee”) servicing as the trustee.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Nov. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), are stated in U.S. Dollars and include the accounts of the Company and its wholly owned special purpose financing subsidiaries, Saratoga Investment Funding, LLC (previously known as GSC Investment Funding LLC), SIF II, SBIC LP, SBIC II LP, SBIC III LP, SIA-AAP, Inc., SIA-ARC, Inc., SIA-Avionte, Inc., SIA-AX, Inc., SIA-G4, Inc., SIA-GH, Inc., SIA-MDP, Inc., SIA-MAC, Inc., SIA-PP, Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., SIA-Vector, Inc. and SIA-VR, Inc. All intercompany accounts and transactions have been eliminated in consolidation. All references made to the “Company,” “we,” and “us” herein include Saratoga Investment Corp. and its consolidated subsidiaries, except as stated otherwise. The Company, SBIC LP, SBIC II LP, and SBIC III LP are all considered to be investment companies for financial reporting purposes and have applied the guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies Principles of Consolidation Under the investment company rules and regulations pursuant to ASC 946, the Company is precluded from consolidating any entity other than another investment company or controlled operating company whose business consists of providing services to the Company. As a result, the consolidated financial statements of the Company include only the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company has determined that SLF JV is an investment company under ASC 946; however, in accordance with such guidance the Company will generally not consolidate its investment in a company other than a wholly owned investment company subsidiary. SLF JV is not a wholly owned investment company subsidiary as the Company and TJHA each have an equal 50% voting interest in SLF JV and thus neither party has a controlling financial interest. Furthermore, ASC 810 concludes that in a joint venture where both members have equal decision making authority, it is not appropriate for one member to consolidate the joint venture since neither has control. Accordingly, the Company does not consolidate its investment in SLF JV. Use of Estimates in the Preparation of Financial Statements The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and income, gains (losses) and expenses during the period reported. Actual results could differ materially from those estimates. Cash and Cash Equivalents Cash and cash equivalents include short-term, liquid investments in a money market fund. The Company places its cash in financial institutions and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits. Cash and cash equivalents are carried at cost which approximates fair value. Pursuant to Section 12(d)(1)(A) of the 1940 Act, the Company may not invest in another investment company, such as a money market fund, if such investment would cause the Company to: ● own more than 3.0% of the investment company’s total outstanding voting stock; ● hold securities in the investment company having an aggregate value in excess of 5.0% of the value of the Company’s total assets; or ● hold securities in investment companies having an aggregate value in excess of 10.0% of the value of the Company’s total assets. As of November 30, 2023, the Company did not exceed any of these limitations. Cash and Cash Equivalents, Reserve Accounts Cash and cash equivalents, reserve accounts include amounts held in designated bank accounts in the form of cash and short-term liquid investments in money market funds, and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits, representing payments received on secured investments or other reserved amounts associated with the Encina Credit Facility held by the Company’s wholly owned subsidiary, SIF II. The Company is required to use these amounts to pay interest expense, reduce borrowings, or pay other amounts in accordance with the terms of the Encina Credit Facility. In addition, cash and cash equivalents, reserve accounts also include amounts held in designated bank accounts, in the form of cash and short-term liquid investments in money market funds, within the Company’s wholly owned subsidiaries, SBIC LP, SBIC II LP and SBIC III LP. The statements of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents when reconciling the beginning-of-period and end-of-period total amounts. The following table provides a reconciliation of cash and cash equivalents and cash and cash equivalents, reserve accounts reported within the consolidated statements of assets and liabilities that sum to the total of the same such amounts shown in the consolidated statements of cash flows: November 30, February 28, Cash and cash equivalents $ 21,386,880 $ 65,746,494 Cash and cash equivalents, reserve accounts 25,639,619 30,329,779 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 47,026,499 $ 96,076,273 Investment Classification The Company classifies its investments in accordance with the requirements of the 1940 Act. Under the 1940 Act, “control investments” are defined as investments in companies in which the Company owns more than 25.0% of the voting securities or maintains greater than 50.0% of the board representation. Under the 1940 Act, “affiliated investments” are defined as those non-control investments in companies in which the Company owns between 5.0% and 25.0% of the voting securities. Under the 1940 Act, “non-affiliated investments” are defined as investments that are neither control investments nor affiliated investments. Investment Valuation The Company accounts for its investments at fair value in accordance with the FASB ASC Topic 820, Fair Value Measurement Investments for which market quotations are readily available are fair valued at such market quotations obtained from independent third-party pricing services and market makers subject to any decision by the Company’s board of directors to approve a fair value determination to reflect significant events affecting the value of these investments. The Company values investments for which market quotations are not readily available at fair value as approved, in good faith, by the Company’s board of directors based on input from the Manager, the audit committee of the board of directors and a third-party independent valuation firm. The Company undertakes a multi-step valuation process each quarter when valuing investments for which market quotations are not readily available, as described below: ● Each investment is initially valued by the responsible investment professionals of the Manager and preliminary valuation conclusions are documented, reviewed and discussed with our senior management; and ● An independent valuation firm engaged by the Company’s board of directors independently reviews a selection of these preliminary valuations each quarter so that the valuation of each investment for which market quotes are not readily available is reviewed by the independent valuation firm at least once each fiscal year. The Company uses a third-party independent valuation firm to value its investment in the subordinated notes of Saratoga Investment Corp. CLO 2013-1, Ltd. (“Saratoga CLO”), the Class F-2-R-3 Notes of the Saratoga CLO, and the Class E Notes of the SLF 2022 every quarter. In addition, all investments are subject to the following valuation process: ● The audit committee of the Company’s board of directors reviews and approves each preliminary valuation and the Manager and independent valuation firm (if applicable) will supplement the preliminary valuation to reflect any comments provided by the audit committee; and ● The Company’s board of directors discusses the valuations and approves the fair value of each investment, in good faith, based on the input of the Manager, independent valuation firm (to the extent applicable) and the audit committee of the board of directors. The Company uses multiple techniques for determining fair value based on the nature of the investment and experience with those types of investments and specific portfolio companies. The selections of the valuation techniques and the inputs and assumptions used within those techniques often require subjective judgements and estimates. These techniques include market comparables, discounted cash flows and enterprise value waterfalls. Fair value is best expressed as a range of values from which the Company determines a single best estimate. The types of inputs and assumptions that may be considered in determining the range of values of the Company’s investments include the nature and realizable value of any collateral, the portfolio company’s ability to make payments, market yield trend analysis and volatility in future interest rates, call and put features, the markets in which the portfolio company does business, comparison to publicly traded companies, discounted cash flows and other relevant factors. The Company’s investments in the subordinated notes of Saratoga CLO, Class F-2-R-3 Notes of the Saratoga CLO and the Class E Notes of SLF 2022 are carried at fair value, which is based on a discounted cash flow valuation technique that utilizes prepayment, re-investment and loss inputs based on historical experience and projected performance, economic factors, the characteristics of the underlying cash flow, and comparable yields for equity interests in collateralized loan obligation funds, when available, as determined by the Manager and recommended to the Company’s board of directors. Specifically, the Company uses Intex cash flows, or an appropriate substitute, to form the basis for the valuation of its investment in the subordinated notes of Saratoga CLO, Class F-2-R-3 Notes of the Saratoga CLO and the Class E Notes of SLF 2022. The inputs are based on available market data and projections provided by third parties as well as management estimates. The Company uses the output from the Intex models (i.e., the estimated cash flows) to perform a discounted cash flow analysis on expected future cash flows to determine the valuation for our investment in Saratoga CLO. The Company’s equity investment in SLF JV is measured using the proportionate share of the net asset value (“NAV”), or equivalent, of SLF JV as a practical expedient for fair value, provided by ASC 820. Because such valuations, and particularly valuations of private investments and private companies, are inherently uncertain, they may fluctuate over short periods of time and may be based on estimates. The determination of fair value may differ materially from the values that would have been used if a ready market for these investments existed. The Company’s NAV could be materially affected if the determinations regarding the fair value of its investments were materially higher or lower than the values that the Company ultimately realizes upon the disposal of such investments. Rule 2a-5 under the 1940 Act (“Rule 2a-5”) establishes a regulatory framework for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits boards of directors, subject to board oversight and certain other conditions, to designate the investment adviser to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must determine the fair value of a security. Rule 31a-4 under the 1940 Act (“Rule 31a-4”) provides for certain recordkeeping requirements associated with fair value determinations. Finally, the Securities and Exchange Commission (the “SEC”) rescinded previously issued guidance on related issues, including the role of the board in determining fair value and the accounting and auditing of fund investments. While the Company’s board of directors has not elected to designate Saratoga Investment Advisors as the valuation designee, the Company has established policies and procedures in compliance with the applicable requirements of Rule 2a-5 and Rule 31a-4. Derivative Financial Instruments The Company accounts for derivative financial instruments in accordance with FASB ASC Topic 815, Derivatives and Hedging Investment Transactions and Income Recognition Purchases and sales of investments and the related realized gains or losses are recorded on a trade-date basis. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis to the extent that such amounts are expected to be collected. The Company stops accruing interest on its investments when it is determined that interest is no longer collectible. Discounts and premiums on investments purchased are accreted/amortized using the effective yield method. The amortized cost of investments represents the original cost adjusted for the accretion of discounts over the life of the investment and amortization of premiums on investments up to the earliest call date. Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected. Accrued interest is generally reserved when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as a reduction in principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although we may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection. At November 30, 2023, our investment in three portfolio companies were on non-accrual status with a fair value of approximately $29.2 million, or 2.6% of the fair value of our portfolio. At February 28, 2023, our investment in one portfolio company was on non-accrual status with a fair value of approximately $9.8 million, or 1.0% of the fair value of our portfolio. Interest income on our investment in Saratoga CLO is recorded using the effective interest method in accordance with the provisions of ASC Topic 325-40, Investments-Other, Beneficial Interests in Securitized Financial Assets Payment-in-Kind Interest The Company holds debt and preferred equity investments in its portfolio that contain a payment-in-kind (“PIK”) interest provision. The PIK interest, which represents contractually deferred interest added to the investment balance that is generally due at maturity, is generally recorded on an accrual basis to the extent such amounts are expected to be collected. The Company stops accruing PIK interest if it is expected that the issuer will not be able to pay all principal and interest when due. The Company restores to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although we may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection. Dividend Income Dividend income is recorded in the consolidated statements of operations when earned. Structuring and Advisory Fee Income Structuring and advisory fee income represents various fee income earned and received for performing certain investment structuring and advisory activities during the closing of new investments. Other Income Other income includes prepayment income fees, and monitoring, administration, redemption and amendment fees and is recorded in the consolidated statements of operations when earned. Deferred Debt Financing Costs Financing costs incurred in connection with our credit facility and notes are deferred and amortized using the straight-line method over the life of the respective facility and debt securities. Financing costs incurred in connection with the SBA debentures of SBIC LP, SBIC II LP, and SBIC III LP are deferred and amortized using the straight-line method over the life of the debentures. Any discount or premium on the issuance of any debt is accreted and amortized using the effective interest method over the life of the respective debt security. The Company presents deferred debt financing costs on the balance sheet as a contra-liability, which is a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Realized Loss on Extinguishment of Debt Upon the repayment of debt obligations that are deemed to be extinguishments, the difference between the principal amount due at maturity adjusted for any unamortized debt issuance costs is recognized as a loss (i.e., the unamortized debt issuance costs are recognized as a loss upon extinguishment of the underlying debt obligation). Contingencies In the ordinary course of business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company. Based on its history and experience, management reasonably believes that the likelihood of such an event is remote. Therefore, the Company has not accrued any liabilities in connection with such indemnifications. In the ordinary course of business, the Company may directly or indirectly be a defendant or plaintiff in legal actions with respect to bankruptcy, insolvency or other types of proceedings. Such lawsuits may involve claims that could adversely affect the value of certain financial instruments owned by the Company. Income Taxes The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a RIC under Subchapter M of the Code. By meeting these requirements, the Company will not be subject to U.S. federal income tax on ordinary income or capital gains timely distributed to stockholders. Therefore, no provision has been recorded for federal income taxes, except as related to the Taxable Blockers (as defined below) and long-term capital gains, when applicable. In order to qualify as a RIC, among other requirements, the Company generally is required to timely distribute to its stockholders at least 90% of its “investment company taxable income”, as defined by the Code, for each fiscal tax year. The Company will be subject to U.S. federal income tax at corporate rates on its investment company taxable income and net capital gains that it does not timely distribute to shareholders. The Company will be subject to a nondeductible U.S. federal excise tax of 4% on undistributed income if it does not distribute at least (1) 98% of its net ordinary income in any calendar year, (2) 98.2% of its capital gain net income for each one-year period ending on October 31and (3) any net ordinary income and capital gain net income that it recognized for preceding years, but were not distributed during such year, and on which the Company paid no U.S federal income tax. Depending on the level of investment company taxable income earned in a tax year and the amount of net capital gains recognized in such tax year, the Company may choose to carry forward investment company taxable income and net capital gains in excess of current year dividend distributions into the next tax year and pay U.S. federal income tax, and possibly the 4.0% U.S. federal excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual investment company taxable income will be in excess of estimated current year dividend distributions for U.S. federal excise tax purposes, the Company accrues the U.S. federal excise tax, if any, on estimated excess taxable income as taxable income is earned. In accordance with U.S. Treasury regulations and published guidance issued by the Internal Revenue Service (“IRS”), a publicly offered RIC may treat a distribution of its own stock as counting toward its RIC distribution requirements if each stockholder may elect to receive his, her, or its entire distribution in either cash or stock of the RIC. This published guidance indicates that the rule will apply where the aggregate amount of cash to be distributed to all stockholders is not at least 20.0% of the aggregate declared distribution. Under the published guidance, if too many stockholders elect to receive cash, the cash available for distribution must be allocated among the stockholders electing to receive cash (with the balance of the distribution paid in stock). In no event will any stockholder, electing to receive cash, receive less than 20.0% of his or her entire distribution in cash. If these and certain other requirements are met, for U.S. federal income tax purposes, the amount of the dividend paid in stock will be equal to the amount of cash that could have been received instead of stock. The Company may utilize wholly owned holding companies taxed under Subchapter C of the Code or tax blockers, when making equity investments in portfolio companies taxed as pass-through entities to meet its source-of-income requirements as a RIC (“Taxable Blockers”). Taxable Blockers are consolidated in the Company’s U.S. GAAP financial statements and may result in current and deferred federal and state income tax expense with respect to income derived from those investments. Such income, net of applicable income taxes, is not included in the Company’s tax-basis net investment income until distributed by the Taxable Blocker, which may result in timing and character differences between the Company’s U.S. GAAP and tax-basis net investment income and realized gains and losses. Income tax expense or benefit from Taxable Blockers related to net investment income are included in total operating expenses, while any expense or benefit related to federal or state income tax originated for capital gains and losses are included together with the applicable net realized or unrealized gain or loss line item. Deferred tax assets of the Taxable Blockers are reduced by a valuation allowance when, in the opinion of management, it is more-likely than-not that some portion or all of the deferred tax assets will not be realized. FASB ASC Topic 740, Income Taxes Dividends Dividends to common stockholders are recorded on the ex-dividend date. The amount to be paid out as a dividend is determined by the board of directors. Net realized capital gains, if any, are generally distributed at least annually, although we may decide to retain some or all of our net capital gains for reinvestment. We have adopted a dividend reinvestment plan (“DRIP”) that provides for reinvestment of our dividend distributions on behalf of our stockholders unless a stockholder elects to receive cash. As a result, if our board of directors authorizes, and we declare, a cash dividend, then our stockholders who have not “opted out” of the DRIP by the dividend record date will have their cash dividends automatically reinvested into additional shares of our common stock, rather than receiving the cash dividends. We have the option to satisfy the share requirements of the DRIP through the issuance of new shares of common stock or through open market purchases of common stock by the DRIP plan administrator. Capital Gains Incentive Fee The Company records an expense accrual on the consolidated statements of operations relating to the capital gains incentive fee payable to the Manager, as recorded on the consolidated statements of assets and liabilities when the net realized and unrealized gain on its investments exceed all net realized and unrealized capital losses on its investments, as a capital gains incentive fee would be owed to the Manager if the Company were to liquidate its investment portfolio at such time. The actual incentive fee payable to the Manager related to capital gains will be determined and payable in arrears at the end of each fiscal year and only reflect those realized capital gains net of realized and unrealized losses for the period. Recent Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (Topic 820) , . In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Risk Management In the ordinary course of its business, the Company manages a variety of risks, including market and credit risk. Market risk is the risk of potential adverse changes to the value of investments because of changes in market conditions such as interest rate movements and volatility in investment prices. Credit risk is the risk of default or non-performance by portfolio companies, equivalent to the investment’s carrying amount. The Company is also exposed to credit risk related to maintaining all of its cash and cash equivalents, including those in reserve accounts, at a major financial institution and credit risk related to any of its derivative counterparties. The Company has investments in lower rated and comparable quality unrated high yield bonds and bank loans. Investments in high yield investments are accompanied by a greater degree of credit risk. The risk of loss due to default by the issuer is significantly greater for holders of high yield securities, because such investments are generally unsecured and are often subordinated to other creditors of the issuer.

Investments

Investments	9 Months Ended
	Nov. 30, 2023
Investments [Line Items]
Investments	Note 4. Investment in Saratoga CLO On January 22, 2008, the Company entered into a collateral management agreement with Saratoga CLO, pursuant to which the Company acts as its collateral manager. The Saratoga CLO was initially refinanced in October 2013 with its reinvestment period extended to October 2016. On November 15, 2016, the Company completed a second refinancing of the Saratoga CLO with its reinvestment period extended to October 2018. On December 14, 2018, the Company completed a third refinancing and upsize of the Saratoga CLO (the “2013-1 Reset CLO Notes”). The third Saratoga CLO refinancing, among other things, extended its reinvestment period to January 2021, and extended its legal maturity date to January 2030. Following this refinancing, the Saratoga CLO portfolio increased its aggregate principal amount from approximately $300.0 million to approximately $500.0 million of predominantly senior secured first lien term loans. On February 11, 2020, the Company entered into an unsecured loan agreement (“CLO 2013-1 Warehouse 2 Loan”) with Saratoga Investment Corp. CLO 2013-1 Warehouse 2, Ltd. (“CLO 2013-1 Warehouse 2”), a wholly owned subsidiary of Saratoga CLO. During the fourth quarter ended February 28, 2021, the CLO 2013-1 Warehouse 2 Ltd. was repaid in full. On February 26, 2021, the Company completed the fourth refinancing of the Saratoga CLO. This refinancing, among other things, extended the Saratoga CLO reinvestment period to April 2024, extended its legal maturity to April 2033, and added a non-call period of February 2022. In addition, and as part of the refinancing, the Saratoga CLO was upsized from $500 million in assets to approximately $650 million. As part of this refinancing and upsizing, the Company invested an additional $14.0 million in all of the newly issued subordinated notes of the Saratoga CLO, and purchased $17.9 million in aggregate principal amount of the Class F-R-3 Notes tranche at par. Concurrently, the existing $2.5 million of Class F-R-2 Notes, $7.5 million of Class G-R-2 Notes and $25.0 million of the CLO 2013-1 Warehouse 2 Loan were repaid. The Company also paid $2.6 million of transaction costs related to the refinancing and upsizing on behalf of the Saratoga CLO, to be reimbursed from future equity distributions. At August 31, 2021, the outstanding receivable of $2.6 million was repaid in full. On August 9, 2021, the Company exchanged its existing $17.9 million Class F-R-3 Note for $8.5 million Class F-1-R-3 Notes and $9.4 million Class F-2-R-3 Notes at par. On August 11, 2021, the Company sold its Class F-1-R-3 Notes to third parties, resulting in a realized loss of $0.1 million. The Saratoga CLO remains effectively 100.0% owned and managed by the Company. The Company receives a base management fee of 0.10% per annum and a subordinated management fee of 0.40% per annum of the outstanding principal amount of Saratoga CLO’s assets, paid quarterly to the extent of available proceeds. Following the third refinancing and the issuance of the 2013-1 Reset CLO Notes on December 14, 2018, the Company is no longer entitled to an incentive management fee equal to 20.0% of excess cash flow to the extent the Saratoga CLO subordinated notes receive an internal rate of return paid in cash equal to or greater than 12.0%. For the three months ended November 30, 2023 and November 30, 2022, the Company accrued management fee income of $0.8 million and $0.8 million, respectively, and interest income of $0.0 million and $0.2 million, respectively, from the subordinated notes of Saratoga CLO. For the nine months ended November 30, 2023 and November 30, 2022, the Company accrued management fee income of $2.5 million and $2.5 million, respectively, and interest income of $0.0 million and $1.2 million, respectively, from the subordinated notes of Saratoga CLO. As of November 30, 2023, the aggregate principal amounts of the Company’s investments in the subordinated notes and Class F-2-R-3 Notes of the Saratoga CLO was $111.0 million and $9.4 million, respectively, which had a corresponding fair value of $8.9 million and $9.0 million, respectively. The Company determines the fair value of its investment in the subordinated notes of Saratoga CLO based on the present value of the projected future cash flows of the subordinated notes over the life of Saratoga CLO. As of November 30, 2023, Saratoga CLO had investments with a principal balance of $643.5 million and a weighted average spread over LIBOR of 3.8% and had debt with a principal balance of $611.0 million with a weighted average spread over LIBOR of 2.2%. As a result, Saratoga CLO earns a “spread” between the interest income it receives on its investments and the interest expense it pays on its debt and other operating expenses, which is distributed quarterly to the Company as the holder of its subordinated notes. As of November 30, 2023, the present value of the projected future cash flows of the subordinated notes was approximately $8.9 million, using a 22.0% discount rate. The Company’s total investment in the subordinate notes of Saratoga CLO is $57.8 million, which consists of additional investments of $30 million in January 2008, $13.8 million in December 2018 and $14.0 million in February 2021; to date, the Company has received distributions of $83.2 million, management fees of $34.3 million and incentive fees of $1.2 million. As of February 28, 2023, the Company determined that the fair value of its investment in the subordinated notes of Saratoga CLO was $21.2 million. As of February 28, 2023, the fair value of its investment in the Class F-R-3 Notes of Saratoga CLO was $8.8 million. As of February 28, 2023, Saratoga CLO had investments with a principal balance of $645.6 million and a weighted average spread over LIBOR of 3.8% and had debt with a principal balance of $611.0 million with a weighted average spread over LIBOR of 2.2%. As of February 28, 2023, the present value of the projected future cash flows of the subordinated notes, was approximately $21.2 million, using a 22.0% discount rate. The Company’s total investment in the subordinate notes of Saratoga CLO is $57.8 million, which consists of additional investments of $30 million in January 2008, $13.8 million in December 2018 and $14.0 million in February 2021. As of February 28, 2023, the Company has received distributions of $77.7 million, management fees of $31.9 million and incentive fees of $1.2 million. Below is certain financial information from the separate financial statements of Saratoga CLO as of November 30, 2023 (unaudited) and February 28, 2023 and for the three and nine months ended November 30, 2023 (unaudited) and November 30, 2022 (unaudited). November 30, February 28, (unaudited) ASSETS Investments at fair value Loans at fair value (amortized cost of $631,773,703 and $645,599,001, respectively) $ 594,703,611 $ 605,954,468 Equities at fair value (amortized cost of $615,405 and $0, respectively) 743,239 - Total investments at fair value (amortized cost of $632,389,108 and $645,599,001, respectively) 595,446,850 605,954,468 Cash and cash equivalents 13,681,256 23,776,950 Receivable from open trades 6,147,032 1,827,460 Interest receivable (net of reserve of $791,292 and $234,690, respectively) 3,566,370 3,026,720 Due from affiliate (See Note 7) 15,528 119,150 Prepaid expenses and other assets 72,050 152,760 Total assets $ 618,929,086 $ 634,857,508 LIABILITIES Interest payable $ 5,495,223 $ 4,662,695 Payable from open trades 8,413,799 23,184,337 Accrued base management fee 72,806 72,762 Accrued subordinated management fee 291,226 291,047 Accounts payable and accrued expenses 79,241 82,565 Saratoga Investment Corp. CLO 2013-1, Ltd. Notes: Class A-1-R-3 Senior Secured Floating Rate Notes 357,500,000 357,500,000 Class A-2-R-3 Senior Secured Floating Rate Notes 65,000,000 65,000,000 Class B-FL-R-3 Senior Secured Floating Rate Notes 60,500,000 60,500,000 Class B-FXD-R-3 Senior Secured Fixed Rate Notes 11,000,000 11,000,000 Class C-FL-R-3 Deferrable Mezzanine Floating Rate Notes 26,000,000 26,000,000 Class C-FXD-R-3 Deferrable Mezzanine Fixed Rate Notes 6,500,000 6,500,000 Class D-R-3 Deferrable Mezzanine Floating Rate Notes 39,000,000 39,000,000 Discount on Class D-R-3 Notes (226,101 ) (244,234 ) Class E-R-3 Deferrable Mezzanine Floating Rate Notes 27,625,000 27,625,000 Discount on Class E-R-3 Notes (2,348,935 ) (2,537,315 ) Class F-1-R-3 Notes Deferrable Junior Floating Rate Notes 8,500,000 8,500,000 Class F-2-R-3 Notes Deferrable Junior Floating Rate Notes 9,375,000 9,375,000 Deferred debt financing costs (1,754,687 ) (1,897,076 ) Subordinated Notes 111,000,000 111,000,000 Discount on Subordinated Notes (37,150,912 ) (40,130,353 ) Total liabilities 694,871,660 705,484,428 NET ASSETS Ordinary equity, par value $1.00, 250 ordinary shares authorized, 250 and 250 common shares issued and outstanding, respectively 250 250 Total distributable earnings (loss) (75,942,824 ) (70,627,170 ) Total net deficit (75,942,574 ) (70,626,920 ) Total liabilities and net assets $ 618,929,086 $ 634,857,508 For the three months ended For the nine months ended November 30, November 30, November 30, November 30, INVESTMENT INCOME Total interest from investments $ 15,599,943 $ 11,753,670 $ 46,240,246 $ 29,075,284 Interest from cash and cash equivalents 139,759 13,215 480,995 19,320 Other income 286,607 26,224 756,831 141,828 Total investment income 16,026,309 11,793,109 47,478,072 29,236,432 EXPENSES Interest and debt financing expenses 14,644,320 10,177,731 43,349,057 26,287,544 Base management fee 163,985 163,651 490,793 490,249 Subordinated management fee 655,943 654,604 1,963,174 1,960,994 Professional fees 87,540 53,254 260,431 263,647 Trustee expenses 64,554 64,579 193,588 197,407 Other expense 50,330 93,097 190,215 244,402 Total expenses 15,666,672 11,206,916 46,447,258 29,444,243 NET INVESTMENT INCOME (LOSS) 359,637 586,193 1,030,814 (207,811 ) REALIZED AND UNREALIZED LOSS ON INVESTMENTS Net realized loss from investments (6,298,909 ) (532,640 ) (9,048,743 ) (1,599,841 ) Net change in unrealized depreciation on investments (313,230 ) (10,640,315 ) 2,702,275 (36,866,766 ) Net realized and unrealized gain (loss) on investments (6,612,139 ) (11,172,955 ) (6,346,468 ) (38,466,607 ) NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (6,252,502 ) $ (10,586,762 ) $ (5,315,654 ) $ (38,674,418 ) Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Altisource Solutions S.a r.l. Banking, Finance, Insurance & Real Estate Common Stock Equity 15,981 $ - $ 68,239 Envision Parent Inc Healthcare & Pharmaceuticals Common Stock Equity 4,410 175,000 175,000 Envision Parent Inc Healthcare & Pharmaceuticals Warrants Equity 92,837 - - Isagenix International, LLC Beverage, Food & Tobacco Common Stock Equity 86,398 - - URS TOPCO LLC Transportation: Cargo Common Stock Equity 25,330 440,405 500,000 19TH HOLDINGS GOLF, LLC Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 8.68 % 2/7/2029 $ 2,479,925 2,386,376 2,349,729 888 Acquisitions Limited Hotel, Gaming & Leisure Term Loan B Loan 6M USD SOFR+ 5.25 % 0.00 % 10.82 % 7/8/2028 2,478,261 2,165,072 2,378,684 Adtalem Global Education Inc. Services: Business Term Loan B (02/21) Loan 1M USD SOFR+ 4.00 % 0.75 % 9.46 % 8/11/2028 691,846 686,981 691,127 Aegis Sciences Corporation Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 1.00 % 11.13 % 5/9/2025 2,318,678 2,313,318 2,188,252 Agiliti Health Inc. Healthcare & Pharmaceuticals Term Loan B (03/23) Loan 3M USD SOFR+ 3.00 % 0.00 % 8.39 % 5/1/2030 1,678,901 1,666,684 1,665,268 AHEAD DB Holdings, LLC Services: Business Term Loan (04/21) Loan 3M USD SOFR+ 3.75 % 0.75 % 9.24 % 10/18/2027 2,932,500 2,860,328 2,896,899 Air Canada Transportation: Consumer Term Loan B (07/21) Loan 3M USD SOFR+ 3.50 % 0.75 % 9.14 % 8/11/2028 1,975,000 1,852,793 1,971,129 AIS HoldCo, LLC Services: Business Term Loan Loan 3M USD SOFR+ 5.00 % 0.00 % 10.64 % 8/15/2025 4,621,420 4,559,512 4,436,563 AIT Worldwide Logistics Holdings, Inc. Transportation: Cargo Term Loan (04/21) Loan 1M USD SOFR+ 4.75 % 0.75 % 10.17 % 4/6/2028 2,481,013 2,334,057 2,415,266 Alchemy US Holdco 1, LLC Metals & Mining Term Loan Loan 1M USD LIBOR+ 7.32 % 0.00 % 7.42 % 10/10/2025 1,654,803 1,646,697 1,638,255 AlixPartners, LLP Banking, Finance, Insurance & Real Estate Term Loan B (01/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 2/4/2028 243,750 243,463 243,947 Alkermes, Inc. Healthcare & Pharmaceuticals Term Loan B (3/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.95 % 3/12/2026 2,109,987 2,099,641 2,096,800 Allen Media, LLC Media: Diversified & Production Term Loan (7/21) Loan 3M USD SOFR+ 5.50 % 0.00 % 11.04 % 2/10/2027 4,360,367 4,338,867 3,804,420 Alliant Holdings Intermediate, LLC Banking, Finance, Insurance & Real Estate Term Loan B4 Loan 1M USD LIBOR+ 3.50 % 0.50 % 8.96 % 11/5/2027 980,000 979,568 980,372 Allied Universal Holdco LLC Services: Business Term Loan 4/21 Loan 1M USD SOFR+ 3.75 % 0.50 % 9.20 % 5/12/2028 1,960,000 1,953,189 1,907,727 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Altisource Solutions S.a r.l. Banking, Finance, Insurance & Real Estate Term Loan B (03/18) Loan 3M USD SOFR+ 5.00 % 1.00 % 10.49 % 4/30/2025 1,100,390 1,099,813 870,409 Altium Packaging LLC Containers, Packaging & Glass Term Loan (01/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 1/29/2028 487,500 485,997 484,521 American Axle & Manufacturing Inc. Automotive Term Loan (12/22) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.92 % 12/13/2029 490,000 476,804 488,927 American Greetings Corporation Media: Advertising, Printing & Publishing Term Loan (01/23) Loan 1M USD SOFR+ 6.00 % 1.00 % 11.35 % 4/5/2028 2,990,265 2,988,626 2,985,271 American Trailer World Corp Automotive Term Loan Loan 1M USD SOFR+ 3.75 % 0.75 % 9.17 % 3/3/2028 1,357,439 1,355,326 1,282,020 AmWINS Group, LLC Banking, Finance, Insurance & Real Estate Term Loan 2/21 Loan 1M USD SOFR+ 2.25 % 0.75 % 7.71 % 2/17/2028 1,945,026 1,928,224 1,941,661 Anastasia Parent LLC Consumer goods: Non-durable Term Loan Loan 3M USD SOFR+ 3.75 % 0.00 % 9.40 % 8/11/2025 950,000 948,542 626,525 Anchor Glass Container Corporation Containers, Packaging & Glass Term Loan (07/17) Loan 6M USD LIBOR+ 2.75 % 1.00 % 8.04 % 12/7/2023 466,406 466,399 377,789 Anchor Packaging, LLC Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 3.50 % 0.00 % 8.95 % 7/18/2026 1,964,425 1,942,201 1,934,468 ANI Pharmaceuticals, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 6.00 % 0.75 % 11.46 % 11/19/2027 2,947,500 2,906,490 2,936,447 AP Core Holdings II LLC High Tech Industries Term Loan B1 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.96 % 9/1/2027 1,800,000 1,781,280 1,760,994 AP Core Holdings II LLC High Tech Industries Term Loan B2 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.96 % 9/1/2027 500,000 494,807 487,915 APEX GROUP TREASURY LLC Banking, Finance, Insurance & Real Estate Term Loan Loan 3M USD SOFR+ 5.00 % 0.50 % 10.40 % 7/26/2028 496,250 468,286 495,630 APLP Holdings Limited Partnership Energy: Electricity Term Loan B (3/21) Loan 3M USD SOFR+ 3.75 % 1.00 % 9.24 % 5/14/2027 278,378 276,619 279,539 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.21 % 5/15/2026 2,916,244 2,896,013 2,821,466 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B1 (2/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.94 % 3/6/2028 975,000 968,360 936,000 AppLovin Corporation High Tech Industries Term Loan (10/21) Loan 1M USD SOFR+ 3.10 % 0.50 % 8.45 % 10/21/2028 1,477,500 1,474,732 1,476,673 AppLovin Corporation High Tech Industries Term Loan (08/23) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.45 % 8/15/2030 972,054 972,054 971,898 Aramark Services, Inc. Services: Consumer Term Loan B (4/21) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.96 % 4/1/2028 1,753,715 1,748,034 1,751,523 Aramark Services, Inc. Services: Consumer Term Loan Loan 1M USD SOFR+ 1.75 % 0.00 % 7.21 % 1/15/2027 2,331,250 2,289,490 2,323,977 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value ARC FALCON I INC. Chemicals, Plastics, & Rubber Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.95 % 9/23/2028 983,774 980,943 950,926 Arches Buyer Inc. Services: Consumer Term Loan B Loan 1M USD SOFR+ 3.25 % 0.50 % 8.70 % 12/6/2027 1,469,697 1,462,751 1,443,977 ARCIS GOLF LLC Services: Consumer Term Loan B Loan 1M USD SOFR+ 4.25 % 0.50 % 9.71 % 11/19/2028 497,980 493,142 498,189 Aretec Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 4.50 % 0.00 % 9.95 % 8/9/2030 2,649,358 2,633,197 2,605,829 Asplundh Tree Expert, LLC Services: Business Term Loan 2/21 Loan 1M USD SOFR+ 1.75 % 0.00 % 7.20 % 9/7/2027 970,000 967,259 971,620 AssuredPartners Capital, Inc. Banking, Finance, Insurance & Real Estate Term Loan B (2/20) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.96 % 2/12/2027 982,143 979,630 980,915 Assuredpartners Inc. Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 2/12/2027 492,500 491,781 492,195 Assuredpartners Inc. Banking, Finance, Insurance & Real Estate Incremental Term Loan (7/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 2/12/2027 977,500 977,500 976,689 ASTRO ONE ACQUISITION CORPORATION Consumer goods: Durable Term Loan Loan 3M USD LIBOR+ 5.50 % 0.75 % 11.23 % 9/15/2028 2,947,500 2,925,937 1,277,240 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B10 Loan 1M USD SOFR+ 4.00 % 0.00 % 9.45 % 8/19/2028 1,980,000 1,896,782 1,939,568 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B8 Loan 1M USD SOFR+ 3.25 % 0.00 % 8.71 % 12/18/2026 2,942,168 2,935,901 2,899,153 ATHENAHEALTH GROUP INC. Healthcare & Pharmaceuticals Term Loan B (2/22) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.60 % 2/15/2029 1,320,514 1,316,061 1,294,843 Avolon TLB Borrower 1 (US) LLC Capital Equipment Term Loan B6 Loan 1M USD SOFR+ 2.50 % 0.00 % 7.83 % 6/8/2028 997,500 944,250 998,637 Avolon TLB Borrower 1 (US) LLC Capital Equipment Term Loan B5 (7/21) Loan 1M USD SOFR+ 2.25 % 0.50 % 7.68 % 12/1/2027 486,250 483,209 486,362 Axalta Coating Systems US Holdings Chemicals, Plastics, & Rubber Term Loan B (08/23) Loan 3M USD SOFR+ 2.50 % 0.50 % 7.89 % 12/20/2029 920,194 912,118 921,629 AZURITY PHARMACEUTICALS, INC. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 6.62 % 0.75 % 12.08 % 9/20/2027 456,250 446,528 438,000 B&G Foods, Inc. Beverage, Food & Tobacco Term Loan Loan 1M USD SOFR+ 2.50 % 0.00 % 7.85 % 10/10/2026 556,042 553,602 544,921 B.C. Unlimited Liability Co (Burger King) Beverage, Food & Tobacco Term Loan B (09/23) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.60 % 9/12/2030 1,447,500 1,426,632 1,440,943 BAKELITE UK INTERMEDIATE LTD. Chemicals, Plastics, & Rubber Term Loan Loan 3M USD SOFR+ 4.00 % 0.50 % 9.54 % 5/29/2029 987,500 983,531 955,406 Baldwin Risk Partners, LLC Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 10/14/2027 1,965,074 1,950,504 1,956,880 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Barnes Group Inc. Aerospace & Defense Term Loan B Loan 1M USD SOFR+ 3.00 % 0.00 % 8.45 % 8/9/2030 250,000 248,176 249,438 Bausch Health Companies Inc. Healthcare & Pharmaceuticals Term Loan B (1/22) Loan 1M USD SOFR+ 5.25 % 0.50 % 10.69 % 2/1/2027 1,875,000 1,724,183 1,414,069 Belfor Holdings Inc. Services: Consumer Term Loan B-1 (11/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.10 % 10/25/2030 1,600,000 1,584,111 1,598,000 Belron Finance US LLC Automotive Term Loan B (3/21) Loan 3M USD SOFR+ 2.43 % 0.50 % 8.07 % 4/13/2028 1,950,000 1,937,133 1,949,025 Belron Finance US LLC Automotive Term Loan (04/23) Loan 3M USD SOFR+ 2.75 % 0.50 % 8.25 % 4/17/2029 249,375 248,202 249,624 Bengal Debt Merger Sub LLC Beverage, Food & Tobacco Term Loan Loan 3M USD SOFR+ 3.25 % 0.50 % 8.74 % 1/24/2029 1,975,000 1,974,221 1,846,941 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan (6/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 4/23/2026 1,453,957 1,447,944 1,421,242 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 7.71 % 4/23/2026 972,152 968,404 944,202 Blue Tree Holdings, Inc. Chemicals, Plastics, & Rubber Term Loan (2/21) Loan 3M USD SOFR+ 2.50 % 0.00 % 8.15 % 3/4/2028 975,000 973,497 960,785 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan B3 Loan 1M USD SOFR+ 2.75 % 0.50 % 8.10 % 12/13/2029 495,009 483,825 492,411 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan (1/20) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.45 % 5/24/2027 1,443,799 1,439,363 1,423,051 Boost Newco Borrower, LLC (Worldpay) Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.00 % 0.50 % 8.32 % 9/20/2030 500,000 497,500 499,375 Boxer Parent Company, Inc. High Tech Industries Term Loan (2/21) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.21 % 10/2/2025 512,255 512,255 512,070 BrightSpring Health Services (Phoenix Guarantor) Healthcare & Pharmaceuticals Term Loan B-3 Loan 1M USD SOFR+ 3.50 % 0.00 % 8.96 % 3/5/2026 975,000 975,000 973,840 BroadStreet Partners, Inc. Banking, Finance, Insurance & Real Estate Term Loan B3 Loan 1M USD SOFR+ 3.00 % 0.00 % 8.46 % 1/22/2027 2,926,045 2,922,815 2,918,729 Brookfield WEC Holdings Inc. Energy: Electricity Term Loan (1/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 8/1/2025 1,451,420 1,452,327 1,452,261 BROWN GROUP HOLDING, LLC Aerospace & Defense Term Loan B-2 Loan 3M USD SOFR+ 3.75 % 0.00 % 9.14 % 7/1/2029 495,000 484,548 495,040 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B2 Loan 1M USD SOFR+ 2.50 % 0.00 % 7.83 % 11/15/2030 333,333 332,721 333,250 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan (1/21) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.67 % 11/1/2026 1,601,929 1,595,092 1,602,058 BW Gas & Convenience Holdings LLC Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 3/31/2028 2,443,750 2,427,104 2,419,313 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Callaway Golf Company Retail Term Loan B Loan 1M USD SOFR+ 3.50 % 0.00 % 8.95 % 3/9/2030 497,500 492,717 495,948 Camping World, Inc. Retail Term Loan B (5/21) Loan 1M USD SOFR+ 2.50 % 0.75 % 7.96 % 6/5/2028 2,468,354 2,275,387 2,352,268 CAPSTONE BORROWER INC Services: Business Term Loan (06/23) Loan 3M USD SOFR+ 3.75 % 0.00 % 9.14 % 6/15/2030 1,000,000 985,743 993,130 CareerBuilder, LLC Services: Business Term Loan B3 Loan 3M USD SOFR+ 6.75 % 0.00 % 12.40 % 7/31/2026 4,035,492 4,015,117 706,211 Castle US Holding Corporation Media: Advertising, Printing & Publishing Term Loan B (USD) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.21 % 1/27/2027 1,950,825 1,943,262 1,362,730 CASTLELAKE AVIATION LLC Aerospace & Defense Term Loan B Loan 3M USD SOFR+ 2.75 % 0.50 % 8.42 % 10/21/2027 992,500 985,896 991,259 CBI BUYER, INC. Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 8.71 % 1/6/2028 2,947,273 2,811,619 1,224,769 CBL & Associates Limited Partnership Retail Term Loan 11/21 Loan 1M USD SOFR+ 2.75 % 1.00 % 8.18 % 11/1/2025 2,473,146 2,136,126 2,164,893 CCC Intelligent Solutions Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 2.25 % 0.50 % 7.71 % 9/16/2028 245,625 245,216 245,522 CCI Buyer, Inc Telecommunications Term Loan Loan 3M USD SOFR+ 4.00 % 0.75 % 9.39 % 12/17/2027 243,750 242,208 241,878 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 4.25 % 0.50 % 9.67 % 3/5/2028 992,500 949,779 930,469 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 3.75 % 0.75 % 9.21 % 3/5/2028 975,000 971,749 917,309 CCS-CMGC Holdings, Inc. Healthcare & Pharmaceuticals Term Loan Loan 6M USD SOFR+ 5.50 % 0.00 % 11.32 % 9/25/2025 2,381,250 2,373,889 1,998,393 CDK GLOBAL, INC. High Tech Industries Term Loan B (10/23) Loan 3M USD SOFR+ 4.00 % 0.00 % 9.41 % 7/6/2029 992,500 966,595 992,679 Cengage Learning, Inc. Media: Advertising, Printing & Publishing Term Loan B (6/21) Loan 3M USD SOFR+ 4.75 % 1.00 % 10.41 % 7/14/2026 2,940,000 2,923,619 2,935,237 CENTURI GROUP, INC. Construction & Building Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.96 % 8/27/2028 870,830 864,602 869,523 CenturyLink, Inc. Telecommunications Term Loan B (1/20) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.71 % 3/15/2027 3,850,497 3,847,375 2,302,058 Charlotte Buyer, Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 5.25 % 0.50 % 10.57 % 2/11/2028 1,488,750 1,403,657 1,486,472 Chemours Company, (The) Chemicals, Plastics, & Rubber Term Loan B2 Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 8/10/2028 2,399,716 2,359,528 2,368,232 Churchill Downs Incorporated Hotel, Gaming & Leisure Term Loan B1 (3/21) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.45 % 3/17/2028 487,500 486,756 486,077 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value CIMPRESS PUBLIC LIMITED COMPANY Media: Advertising, Printing & Publishing USD Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 5/17/2028 1,964,874 1,887,057 1,937,857 CITADEL SECURITIES LP Banking, Finance, Insurance & Real Estate Term Loan B (07/23) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.96 % 7/29/2030 4,875,281 4,874,298 4,872,649 Citco Funding LLC Banking, Finance, Insurance & Real Estate Term Loa 1st Lien Incremental Loan 3M USD SOFR+ 3.25 % 0.50 % 8.64 % 4/27/2028 1,000,000 995,042 1,001,250 Clarios Global LP Automotive Incremental Term Loan (04/23) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.10 % 5/5/2030 1,200,000 1,194,227 1,200,900 Claros Mortgage Trust, Inc Banking, Finance, Insurance & Real Estate Term Loan B-1 (11/21) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.94 % 8/9/2026 3,413,379 3,398,299 3,217,109 CLYDESDALE ACQUISITION HOLDINGS, INC. Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 4.18 % 0.50 % 9.62 % 4/13/2029 1,481,250 1,450,627 1,468,748 Columbus McKinnon Corporation Capital Equipment Term Loan (4/21) Loan 3M USD SOFR+ 2.75 % 0.50 % 8.42 % 5/14/2028 419,219 418,529 418,695 Conduent, Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 4.25 % 0.50 % 9.71 % 10/16/2028 2,769,376 2,705,272 2,702,440 Connect Finco SARL Telecommunications Term Loan (1/21) Loan 1M USD SOFR+ 3.50 % 1.00 % 8.85 % 12/11/2026 2,895,000 2,811,282 2,887,299 Consolidated Communications, Inc. Telecommunications Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.96 % 10/2/2027 2,714,005 2,544,699 2,492,352 CORAL-US CO-BORROWER LLC Telecommunications Term Loan B-5 Loan 1M USD SOFR+ 2.25 % 0.00 % 7.79 % 1/31/2028 4,000,000 3,990,261 3,941,520 Corelogic, Inc. Services: Business Term Loan (4/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 6/2/2028 2,450,000 2,441,541 2,295,356 Cortes NP Acquisition Corp (Vertiv) Capital Equipment Term Loan 2/21 Loan 1M USD SOFR+ 2.75 % 0.00 % 8.18 % 3/2/2027 1,945,000 1,945,000 1,946,712 Creative Artists Agency, LLC Media: Diversified & Production Term Loan B (02/23) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.85 % 11/27/2028 1,592,002 1,581,259 1,594,884 CROCS INC Consumer goods: Durable Term Loan B Loan 3M USD SOFR+ 3.00 % 0.00 % 8.54 % 2/19/2029 1,500,000 1,450,389 1,503,195 Cross Financial Corp Banking, Finance, Insurance & Real Estate Term Loan B (3/21) Loan 1M USD SOFR+ 4.00 % 0.75 % 9.46 % 9/15/2027 488,750 488,517 488,139 Crown Subsea Communications Holding, Inc. Construction & Building Term Loan (4/21) Loan 1M USD SOFR+ 5.00 % 0.75 % 10.43 % 4/27/2027 3,404,110 3,381,709 3,421,130 CSC Holdings LLC (Neptune Finco Corp.) Media: Broadcasting & Subscription Term Loan B-5 Loan 1M USD LIBOR+ 2.50 % 0.00 % 7.94 % 4/15/2027 481,250 481,250 449,743 CSC Holdings LLC (Neptune Finco Corp.) Media: Broadcasting & Subscription Term Loan 12/22 Loan 1M USD SOFR+ 4.50 % 0.00 % 9.82 % 4/15/2027 2,382,032 2,373,479 2,291,229 CTC Holdings, LP Banking, Finance, Insurance & Real Estate Term Loan B Loan 3M USD SOFR+ 5.00 % 0.50 % 10.52 % 2/15/2029 2,216,250 2,169,883 2,177,466 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value CTS Midco, LLC High Tech Industries Term Loan B Loan 3M USD SOFR+ 6.00 % 1.00 % 11.64 % 11/2/2027 1,941,421 1,905,431 1,727,864 Daseke Inc Transportation: Cargo Term Loan 2/21 Loan 1M USD SOFR+ 4.00 % 0.75 % 9.46 % 3/5/2028 1,200,000 1,196,089 1,186,128 Dave & Buster’s Inc. Hotel, Gaming & Leisure Term Loan (6/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.19 % 6/29/2029 990,019 947,653 989,860 DCert Buyer, Inc. High Tech Industries Term Loan Loan 1M USD SOFR+ 4.00 % 0.00 % 9.35 % 10/16/2026 1,458,438 1,458,438 1,439,712 Delek US Holdings, Inc. Utilities: Oil & Gas Term Loan B (11/22) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.95 % 11/16/2029 5,359,500 5,254,511 5,347,334 Delos Aircraft DAC Transportation: Consumer Term Loan B Loan 3M USD SOFR+ 2.00 % 0.00 % 7.39 % 10/14/2027 250,000 250,000 250,548 Delta 2 Lux Sarl Hotel, Gaming & Leisure Term Loan B Loan 1M USD SOFR+ 2.25 % 0.50 % 7.60 % 1/15/2030 2,000,000 1,991,065 2,000,620 Derby Buyer LLC Chemicals, Plastics, & Rubber Term Loan (09/23) Loan 1M USD SOFR+ 4.25 % 0.50 % 9.57 % 11/1/2030 625,000 615,729 622,394 DexKo Global, Inc. (Dragon Merger) Automotive Term Loan (9/21) Loan 3M USD SOFR+ 3.75 % 0.50 % 9.40 % 10/4/2028 985,000 982,036 965,073 DG Investment Intermediate Holdings 2, Inc. Aerospace & Defense Incremental Term Loan (3/22) Loan 1M USD SOFR+ 4.75 % 0.75 % 10.10 % 3/31/2028 495,000 478,051 491,287 Diamond Sports Group, LLC (a) Media: Broadcasting & Subscription Second Lien Term Loan Loan 1M USD SOFR+ 5.25 % 0.00 % 10.67 % 8/24/2026 3,374,880 3,089,287 71,716 Diamond Sports Group, LLC (a) Media: Broadcasting & Subscription 1st Priority Term Loan Loan 1M USD SOFR+ 10.00 % 1.00 % 15.42 % 5/25/2026 342,343 335,566 246,977 DIRECTV FINANCING, LLC Media: Broadcasting & Subscription Term Loan Loan 1M USD SOFR+ 5.00 % 0.75 % 10.46 % 8/2/2027 3,280,000 3,258,124 3,222,862 DISCOVERY PURCHASER CORPORATION Chemicals, Plastics, & Rubber Term Loan Loan 3M USD SOFR+ 4.38 % 0.50 % 9.77 % 10/4/2029 1,488,750 1,383,919 1,417,662 Dispatch Acquisition Holdings, LLC Environmental Industries Term Loan B (3/21) Loan 3M USD SOFR+ 4.25 % 0.75 % 9.79 % 3/25/2028 488,750 485,513 458,203 DOMTAR CORPORATION Forest Products & Paper Term Loan 9/21 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.96 % 11/30/2028 1,260,510 1,227,610 1,241,602 DOTDASH MEREDITH, INC. Media: Advertising, Printing & Publishing Term Loan B Loan 1M USD SOFR+ 4.00 % 0.50 % 9.42 % 11/30/2028 1,979,798 1,807,707 1,950,101 DRI HOLDING INC. Media: Advertising, Printing & Publishing Term Loan (12/21) Loan 1M USD SOFR+ 5.25 % 0.50 % 10.70 % 12/15/2028 3,942,469 3,813,846 3,587,646 DRW Holdings, LLC Banking, Finance, Insurance & Real Estate Term Loan (2/21) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.21 % 3/1/2028 6,370,000 6,336,957 6,351,400 DTZ U.S. Borrower, LLC Construction & Building Term Loan Loan 1M USD SOFR+ 2.75 % 0.00 % 8.21 % 8/21/2025 198,929 198,647 198,432 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value DTZ U.S. Borrower, LLC Construction & Building Term Loan (01/23) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.70 % 1/31/2030 2,029,327 2,026,514 1,963,374 DTZ U.S. Borrower, LLC Construction & Building Term Loan (08/23) Loan 1M USD SOFR+ 4.00 % 0.50 % 9.35 % 1/31/2030 1,100,000 1,073,252 1,075,250 EAB Global, Inc. Services: Business Term Loan (08/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 8/16/2028 982,500 979,067 976,566 Echo Global Logistics, Inc. Services: Business Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.95 % 11/23/2028 1,970,000 1,966,879 1,851,091 Edelman Financial Group Inc., The Banking, Finance, Insurance & Real Estate Term Loan B (3/21) Loan 1M USD SOFR+ 3.50 % 0.75 % 8.96 % 4/7/2028 2,171,883 2,166,634 2,147,949 Electrical Components Inter., Inc. Capital Equipment Term Loan (6/18) Loan 3M USD SOFR+ 4.25 % 0.00 % 9.74 % 6/26/2025 1,873,417 1,873,417 1,844,154 ELECTRON BIDCO INC. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 3.00 % 0.50 % 8.46 % 11/1/2028 492,500 490,840 491,953 ELO Touch Solutions, Inc. Media: Diversified & Production Term Loan (12/18) Loan 1M USD SOFR+ 6.50 % 0.00 % 11.96 % 12/14/2025 1,966,935 1,929,446 1,911,625 Embecta Corp Healthcare & Pharmaceuticals Term Loan B Loan 6M USD SOFR+ 3.00 % 0.50 % 8.34 % 3/30/2029 2,605,208 2,587,637 2,547,685 Emerson Climate Technologies Inc Services: Business Term Loan B (04/23) Loan 1M USD SOFR+ 3.00 % 0.00 % 8.35 % 5/31/2030 626,147 62
Saratoga Investment Corp. [Member]
Investments [Line Items]
Investments	Note 3. Investments As noted above, the Company values all investments in accordance with ASC 820. As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between independent market participants at the measurement date. ASC 820 establishes a hierarchal disclosure framework which prioritizes and ranks the level of market price observability of inputs used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Based on the observability of the inputs used in the valuation techniques, the Company is required to provide disclosures on fair value measurements according to the fair value hierarchy. The fair value hierarchy ranks the observability of the inputs used to determine fair values. Investments carried at fair value are classified and disclosed in one of the following three categories: ● Level 1—Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. ● Level 2— Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date. Such inputs may be quoted prices for similar assets or liabilities, quoted markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full character of the financial instrument, or inputs that are derived principally from, or corroborated by, observable market information. Investments that are generally included in this category include illiquid debt securities and less liquid, privately held or restricted equity securities, for which some level of recent trading activity has been observed. ● Level 3—Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs may be based on the Company’s own assumptions about how market participants would price the asset or liability or may use Level 2 inputs, as adjusted, to reflect specific investment attributes relative to a broader market assumption. Even if observable market data for comparable performance or valuation measures (earnings multiples, discount rates, other financial/valuation ratios, etc.) are available, such investments are grouped as Level 3 if any significant data point that is not also market observable (private company earnings, cash flows, etc.) is used in the valuation technique. We use multiple techniques for determining fair value based on the nature of the investment and experience with those types of investments and specific portfolio companies. The selections of the valuation techniques and the inputs and assumptions used within those techniques often require subjective judgements and estimates. These techniques include market comparables, discounted cash flows and enterprise value waterfalls. Fair value is best expressed as a range of values from which the Company determines a single best estimate. The types of inputs and assumptions that may be considered in determining the range of values of our investments include the nature and realizable value of any collateral, the portfolio company’s ability to make payments, market yield trend analysis and volatility in future interest rates, call and put features, the markets in which the portfolio company does business, comparison to publicly traded companies, discounted cash flows and other relevant factors. In addition to using the above inputs in investment valuations, the Company continues to employ the valuation policy approved by the board of directors that is consistent with ASC 820 and the 1940 Act (see Note 2). Consistent with our valuation policy, the Company evaluates the source of inputs, including any markets in which its investments are trading, in determining fair value. The following table presents fair value measurements of investments, by major class, as of November 30, 2023 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 959,892 $ - $ 959,892 Second lien term loans - - 14,873 - 14,873 Unsecured term loans - - 17,619 - 17,619 Structured finance securities - - 29,387 - 29,387 Equity interests - - 84,476 7,792 92,268 Total $ - $ - $ 1,106,247 $ 7,792 $ 1,114,039 * The Company's equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy. The following table presents fair value measurements of investments, by major class, as of February 28, 2023 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 798,534 $ - $ 798,534 Second lien term loans - - 14,936 - 14,936 Unsecured term loans - - 20,661 - 20,661 Structured finance securities - - 41,362 - 41,362 Equity interests - - 83,990 13,107 97,097 Total $ - $ - $ 959,483 $ 13,107 $ 972,590 * The Company’s equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the nine months ended November 30, 2023 (dollars in thousands): First lien Second lien Unsecured Structured Equity Total Balance as of February 28, 2023 $ 798,534 $ 14,936 $ 20,661 $ 41,362 $ 83,990 $ 959,483 Payment-in-kind and other adjustments to cost 1,147 624 - (5,531 ) (293 ) (4,053 ) Net accretion of discount on investments 1,637 4 - - - 1,641 Net change in unrealized appreciation (depreciation) on investments (20,102 ) (691 ) 341 (6,444 ) (7,715 ) (34,611 ) Purchases 194,541 - - - 8,343 202,884 Sales and repayments (15,865 ) - (3,383 ) - - (19,248 ) Net realized gain (loss) from investments - - - - 151 151 Balance as of November 30, 2023 $ 959,892 $ 14,873 $ 17,619 $ 29,387 $ 84,476 $ 1,106,247 Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the period $ (20,033 ) $ (691 ) $ (5 ) $ (6,444 ) $ (7,792 ) $ (34,965 ) Purchases, PIK and other adjustments to cost include purchases of new investments at cost, effects of refinancing/restructuring, accretion/amortization of income from discount/premium on debt securities, and PIK interests. Sales and repayments represent net proceeds received from investments sold and principal paydowns received during the period. Transfers and restructurings, if any, are recognized at the beginning of the period in which they occur. There were no transfers or restructurings in or out of Levels 1, 2 or 3 during the nine months ended November 30, 2023. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the nine months ended November 30, 2022 (dollars in thousands): First lien Second lien Unsecured Structured Equity Total Balance as of February 28, 2022 $ 631,572 $ 44,386 $ 15,931 $ 38,030 $ 75,632 $ 805,551 Payment-in-kind and other adjustments to cost 244 90 - (2,159 ) 451 (1,374 ) Net accretion of discount on investments 1,262 (17 ) - - - 1,245 Net change in unrealized appreciation (depreciation) on investments (12,049 ) (663 ) 10 (8,219 ) 2,467 (18,454 ) Purchases 309,022 4,950 4,494 11,393 10,606 340,465 Sales and repayments (125,972 ) (24,966 ) - (145 ) (11,009 ) (162,092 ) Net realized gain (loss) from investments 163 - - - 7,203 7,366 Balance as of November 30, 2022 $ 804,242 $ 23,780 $ 20,435 $ 38,900 $ 85,350 $ 972,707 Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the period $ (12,318 ) $ (705 ) $ 10 $ (8,219 ) $ 15,042 $ (6,190 ) Transfers and restructurings, if any, are recognized at the beginning of the period in which they occur. There were no transfers or restructurings in or out of Levels 1, 2 or 3 during the nine months ended November 30, 2022. The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of November 30, 2023 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted Average* First lien term loans $ 959,892 Market Comparables Market Yield (%) 11.1% - 23.1% 13.2 % Revenue Multiples (x) 0.3x - 5.2x 3.8 x EBITDA Multiples (x) 5.0x – 15.0x 13.7 x Second lien term loans 14,873 Market Comparables Market Yield (%) 18.9% - 71.8% 53.2 % Revenue Multiples (x) 14.8x - 14.8x 14.8 x Unsecured term loans 17,619 Collateral Value Coverage Net Asset Value 100.0% 100.0 % Structured finance securities 29,387 Discounted Cash Flow Discount Rate (%) 12.0% - 22.0% 15.8 % Recovery Rate (%) 35.0% - 70.0% 70.0 % Prepayment Rate (%) 20.0% 20.0 % Equity interests 84,476 Enterprise Value Waterfall Revenue Multiples (x) 1.3x - 10.9x 6.4 x EBITDA Multiples (x) 0.3x - 28.6x 11.7 x Total $ 1,106,247 * The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input. The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of February 28, 2023 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted Average* First lien term loans $ 798,534 Market Comparables Market Yield (%) 10.5% - 23.1% 12.8 % Revenue Multiples (x) 4.1x 4.1 x EBITDA Multiples (x) 8.0x 8.0 x Second lien term loans 14,936 Market Comparables Market Yield (%) 15.6% - 61.8% 45.8 % Unsecured term loans 20,661 Market Comparables Market Yield (%) 10.0% - 28.8% 12.6 % Market Comparables Market Quote (%) 100.0% 100.0 % Collateral Valuae Coverage Net Asset Value (%) 100.0% 100.0 % Structured finance securities 41,362 Discounted Cash Flow Discount Rate (%) 12.0% - 22.0% 17.6 % Recovery Rate (%) 35.0% - 70.0% 70.0 % Prepayment Rate (%) 20.0% 20.0 % Equity interests 83,990 Enterprise Value Waterfall EBITDA Multiples (x) 5.5x - 28.6x 11.0 x Revenue Multiples (x) 1.3x - 11.2x 6.4 x Total $ 959,483 * The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input. For investments utilizing a market comparables valuation technique, a significant increase (decrease) in the market yield, in isolation, would result in a significantly lower (higher) fair value measurement, and a significant increase (decrease) in any of the earnings before interest, tax, depreciation and amortization (“EBITDA”) or revenue valuation multiples, in isolation, would result in a significantly higher (lower) fair value measurement. For investments utilizing a discounted cash flow valuation technique, a significant increase (decrease) in the discount rate, and prepayment rate, in isolation, would result in a significantly lower (higher) fair value measurement while a significant increase (decrease) in recovery rate, in isolation, would result in a significantly higher (lower) fair value measurement. For investments utilizing a market quote, third party bid or net asset value in deriving a value, a significant increase (decrease) in the market quote, bid or net asset value in isolation, would result in a significantly higher (lower) fair value measurement. The composition of our investments as of November 30, 2023 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Cost Investments at Fair Value First lien term loans $ 989,922 86.3 % $ 959,892 86.2 % Second lien term loans 21,743 1.9 14,873 1.3 Unsecured term loans 17,619 1.5 17,619 1.6 Structured finance securities 44,180 3.8 29,387 2.6 Equity interests 74,400 6.5 92,268 8.3 Total $ 1,147,864 100.0 % $ 1,114,039 100.0 % The composition of our investments as of February 28, 2023 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Cost Investments at Fair Value First lien term loans $ 808,464 83.7 % $ 798,534 82.1 % Second lien term loans 21,114 2.2 14,936 1.5 Unsecured term loans 21,001 2.2 20,661 2.1 Structured finance securities 49,711 5.1 41,362 4.3 Equity interests 66,199 6.8 97,097 10.0 Total $ 966,489 100.0 % $ 972,590 100.0 % For loans and debt securities for which market quotations are not readily available, the Company determines their fair value based on third party indicative broker quotes, where available, or the inputs that a hypothetical market participant would use to value the security in a current hypothetical sale using a market comparables valuation technique. In applying the market comparables valuation technique, the Company determines the fair value based on such factors as market participant inputs including synthetic credit ratings, estimated remaining life, current market yield and interest rate spreads of similar securities as of the measurement date. If, in the Company’s judgment, the market comparables technique is not sufficient or appropriate, the Company may use additional techniques such as an asset liquidation or expected recovery model. For equity securities of portfolio companies and partnership interests, the Company determines the fair value using an enterprise value waterfall valuation technique. Under the enterprise value waterfall valuation technique, the Company determines the enterprise fair value of the portfolio company and then waterfalls the enterprise value over the portfolio company’s securities in order of their preference relative to one another. To estimate the enterprise value of the portfolio company, the Company weighs some or all of the traditional market valuation techniques and factors based on the individual circumstances of the portfolio company in order to estimate the enterprise value. The techniques for performing investments may be based on, among other things: valuations of comparable public companies, recent sales of private and public comparable companies, discounting the forecasted cash flows of the portfolio company, third party valuations of the portfolio company, considering offers from third parties to buy the company, estimating the value to potential strategic buyers and considering the value of recent investments in the equity securities of the portfolio company. For non-performing investments, the Company may estimate the liquidation or collateral value of the portfolio company’s assets and liabilities. The Company also takes into account historical and anticipated financial results. The Company’s investments in Saratoga CLO and SLF 2022 are carried at fair value, which is based on a discounted cash flow valuation technique that utilizes prepayment, re-investment and loss inputs based on historical experience and projected performance, economic factors, the characteristics of the underlying cash flow, and comparable yields for equity interests in collateralized loan obligation funds similar to Saratoga CLO and SLF 2022, when available, as determined by the Manager and recommended to the Company’s board of directors. Specifically, the Company uses Intex cash flows, or an appropriate substitute, to form the basis for the valuation of the investment in Saratoga CLO and SLF 2022. The cash flows use a set of inputs including projected default rates, recovery rates, reinvestment rates and prepayment rates in order to arrive at estimated valuations. The inputs are based on available market data and projections provided by third parties as well as management estimates. The Company ran Intex models based on inputs about the refinanced Saratoga CLO’s structure and the SLF 2022 structure, including capital structure, cost of liabilities and reinvestment period. The Company uses the output from the Intex models (i.e., the estimated cash flows) to perform a discounted cash flow analysis on expected future cash flows to determine a valuation for our investments in Saratoga CLO and SLF 2022 at November 30, 2023. The inputs at November 30, 2023 for the valuation model include: ● Default rate: 2.0% ● Recovery rate: 35%-70% ● Discount rate: 12.0%-22.0% ● Prepayment rate: 20.0% ● Reinvestment rate / price: $98.00 for six months; then L+365bps / $99.00 The Company’s equity investment in SLF JV is measured using the proportionate share of the NAV of SLF JV, or equivalent, as practical expedient. Investment Concentration Set forth is a brief description of each portfolio company in which the fair value of the Company’s investment represents greater than 5% of the Company’s total assets as of November 30, 2023, excluding Saratoga CLO, SLF JV and SLF 2022 (see Note 4 and Note 5 for more information on Saratoga CLO, SLF JV and SLF 2022, respectively). HemaTerra Holdings Company, LLC HemaTerra Holding Company, LLC (“HemaTerra”) provides SaaS-based software solutions addressing complex supply chain issues across a variety of medical environments, including blood, plasma, tissue, implants and DNA sample management, to customers in blood centers, hospitals, pharmaceuticals, and law enforcement settings. Artemis Wax Corp. Artemis Wax Corporation is a U.S. based retail aggregator of European Wax Center (“EWC”) franchise locations with a concentration in the northeast. Founded in 2004, EWC is the largest U.S. body waxing national chain with more than 800 locations across the country. Granite Comfort, LP Granite Comfort, LP is a U.S. based heating, ventilation and air conditioning (“HVAC”) company. The company provides traditional service and replacement of HVAC / plumbing systems, as well as a rental model that is in the early stages of implementation.
SLF JV [Member]
Investments [Line Items]
Investments	Note 5. Investment in SLF JV On October 26, 2021, the Company and TJHA entered into the LLC Agreement to co-manage SLF JV. SLF JV is invested in Saratoga Investment Corp Senior Loan Fund 2022-1, Ltd (“SLF 2021”), which is a wholly owned subsidiary of SLF JV. SLF 2021 was formed for the purpose of making investments in a diversified portfolio of broadly syndicated first lien and second lien term loans or bonds in the primary and secondary markets. On September 30, 2022, SLF 2021 was renamed to Saratoga Investment Corp Senior Loan Fund 2022-1, Ltd. (“SLF 2022”). The Company and TJHA have equal voting interest on all material decisions with respect to SLF JV, including those involving its investment portfolio, and equal control of corporate governance. No management fee is charged to SLF JV as control and management of SLF JV is shared equally. The Company and TJHA have committed to provide up to a combined $50.0 million of financing to SLF JV through cash contributions, with the Company providing $43.75 million and TJHA providing $6.25 million, resulting in an 87.5% and 12.5% ownership between the two parties. The financing is issued in the form of an unsecured note and equity. The unsecured note pays a fixed rate of 10.0% per annum and is due and payable in full on October 20, 2033. As of November 30, 2023, the Company and TJHA’s investment in SLF JV consisted of an unsecured note of $17.6 million and $2.5 million, respectively; and membership interest of $17.6 million and $2.5 million, respectively. As of November 30, 2023 and February 28, 2023, the Company’s investment in the unsecured note of SLF JV had a fair value of $17.6 million and $17.6 million, respectively, and the Company’s investment in the membership interests of SLF JV had a fair value of $7.8 million and $13.1 million, respectively. The Company has determined that SLF JV is an investment company under ASC 946; however, in accordance with such guidance the Company will generally not consolidate its investment in a company other than a wholly owned investment company subsidiary. SLF JV is not a wholly owned investment company subsidiary as the Company and TJHA each have an equal 50% voting interest in SLF JV and thus neither party has a controlling financial interest. Furthermore, ASC 810, Consolidation, For the three months ended November 30, 2023 and November 30, 2022, the Company earned $0.4 million and $0.1 million, respectively, of interest income related to SLF JV, which is included in interest income. For the nine months ended November 30, 2023 and November 30, 2022, the Company earned $1.3 million and $1.1 million, respectively, of interest income related to SLF JV, which is included in interest income. As of November 30, 2023 and February 28, 2023, $0.2 million and $0.4 million, respectively, of interest income related to SLF JV was included in interest receivable. For the three months ended November 30, 2023 and November 30, 2022, the Company earned $1.3 million and $0.0 million, respectively, of dividend income related to SLF JV, which is included in dividend income. For the nine months ended November 30, 2023 and November 30, 2022, the Company earned $4.7 million and $0.0 million, respectively, of dividend income related to SLF JV, which is included in dividend income. SLF JV’s initial investment in SLF 2022 was in the form of an unsecured loan. The unsecured loan paid a floating rate of LIBOR plus 7.00% per annum and was paid in full on June 9, 2023. The unsecured loan was repaid in full on October 28, 2022, as part of the CLO closing. On October 28, 2022, SLF 2022 issued $402.1 million of the 2022 JV CLO Notes through the JV CLO trust. The 2022 JV CLO Notes were issued pursuant to the JV Indenture, with the Trustee. As part of the transaction, the Company purchased 87.50% of the Class E Notes from SLF 2022 with a par value of $12.25 million. As of November 30, 2023 and February 28, 2023, the fair value of these Class E Notes were $11.5 million and $11.4 million, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Nov. 30, 2023
Income Taxes [Abstract]
Income Taxes	Note 6. Income Taxes SIA-AAP, Inc., SIA-ARC, Inc., SIA-Avionte, Inc., SIA-AX, Inc., SIA-G4, Inc., SIA-GH, Inc., SIA-MDP, Inc., SIA-MAC, Inc., SIA-PP Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., SIA-Vector, Inc., and SIA-VR, Inc., each 100% owned by the Company, are each filing standalone C Corporation tax returns for U.S. federal and state tax purposes. As separately regarded entities for tax purposes, these entities are subject to U.S. federal income tax at normal corporate rates. For tax purposes, any distributions by the entities to the parent company would generally need to be distributed to the Company’s shareholders. Generally, such distributions of the entities’ income to the Company’s shareholders will be considered as qualified dividends for tax purposes. The entities’ taxable net income will differ from U.S. GAAP net income because of deferred tax temporary differences arising from net operating losses and unrealized appreciation and deprecation of securities held. Deferred tax assets and liabilities are measured using enacted corporate federal and state tax rates expected to apply to taxable income in the years in which those net operating losses are utilized and the unrealized gains and losses are realized. Deferred tax assets and deferred tax liabilities are netted off by entity, as allowed. The recoverability of deferred tax assets is assessed and a valuation allowance is recorded to the extent that it is more likely than not that any portion of the deferred tax asset will not be realized on the basis of a history of operating losses combined with insufficient projected taxable income or other taxable events in the taxable blockers. In February 2022, SIA-GH, Inc., SIA-TT Inc. and SIA-VR, Inc. received an approved plan of liquidation following the sale of equity held by each of the portfolio companies. The Company may distribute a portion of its realized net long term capital gains in excess of realized net short term capital losses to its stockholders, but may also decide to retain a portion, or all, of its net capital gains and elect to pay the 21% U.S. federal tax on the net capital gain, potentially in the form of a “deemed distribution” to its stockholders. Income tax (provision) relating to an election to retain its net capital gains, including in the form of a deemed distribution, is included as a component of income tax (provision) benefit from realized gains on investments, depending on the character of the underlying taxable income (ordinary or capital gains), on the consolidated statements of operations. Deferred tax assets and liabilities, and related valuation allowance as of November 30, 2023 and February 28, 2023 were as follows: November 30, February 28, Total deferred tax assets $ 2,382,032 $ 2,542,373 Total deferred tax liabilities (3,586,522 ) (3,008,829 ) Valuation allowance on net deferred tax assets (2,217,816 ) (2,350,116 ) Net deferred tax liability $ (3,422,306 ) $ (2,816,572 ) As of November 30, 2023, the valuation allowance on deferred tax assets was $2.2 million, which represents the federal and state tax effect of net operating losses and unrealized losses that the Company does not believe will be realized through future taxable income. Any adjustments to the Company’s valuation allowance will depend on estimates of future taxable income and will be made in the period such determination is made. Net income tax expense for the three months ended November 30, 2023 includes $0.4 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, and $0.2 million net change in total operating expense in the consolidated statement of operations, respectively. Net income tax expense for the three months ended November 30, 2022 includes $0.4 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, and ($0.5) million income tax provision/benefit from realized gain/(loss) on investments and $0.1 million net change in total operating expense, in the consolidated statement of operations, respectively. Net income tax expense for the nine months ended November 30, 2023 includes $0.6 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, and ($0.0) million net change in total operating expense, in the consolidated statement of operations, respectively. Net income tax expense for the nine months ended November 30, 2022 includes $1.0 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, ($0.5) million income tax provision/(benefit) from realized gain/(loss) on investments and ($0.1) million net change in total operating expense, in the consolidated statement of operations, respectively. Deferred tax temporary differences may include differences for state taxes and joint venture interests. Federal and state income tax (provisions) benefit on investments for three and nine months ended November 30, 2023 and November 30, 2022: For the three months ended For the nine months ended November 30, November 30, November 30, November 30, Current Federal $ - $ (255,959 ) $ - $ (473,475 ) State - (158,721 ) (80,273 ) Net current expense - (414,680 ) - (553,748 ) Deferred Federal 699,986 460,531 661,245 844,727 State (64,192 ) (29,901 ) (55,512 ) 45,917 Net deferred expense 635,794 430,629 605,733 890,645 Net tax provision $ 635,794 $ 15,949 $ 605,733 $ 336,896

Agreements and Related Party Tr

Agreements and Related Party Transactions	9 Months Ended
	Nov. 30, 2023
Agreements and Related Party Transactions [Abstract]
Agreements and Related Party Transactions	Note 7. Agreements and Related Party Transactions Investment Advisory and Management Agreement On July 30, 2010, the Company entered into the Management Agreement with the Manager. The initial term of the Management Agreement was two years from its effective date, with one-year renewals thereafter subject to certain approvals by the Company’s board of directors and/or the Company’s stockholders. Most recently, on July 6, 2023, the Company’s board of directors approved the renewal of the Management Agreement for an additional one-year term. Pursuant to the Management Agreement, the Manager implements the Company’s business strategy on a day-to-day basis and performs certain services for the Company, subject to oversight by the board of directors. The Manager is responsible for, among other duties, determining investment criteria, sourcing, analyzing and executing investments transactions, asset sales, financings and performing asset management duties. Under the Management Agreement, the Company pays the Manager a management fee for investment advisory and management services consisting of a base management fee and an incentive management fee. Base Management Fee and Incentive Management Fee The base management fee of 1.75% per year is calculated based on the average value of the Company’s gross assets (other than cash or cash equivalents, but including assets purchased with borrowed funds) at the end of the two most recently completed fiscal quarters. The base management fee is paid quarterly following the filing of the most recent quarterly report on Form 10-Q. The incentive management fee consists of the following two parts: The first, payable quarterly in arrears, equals 20.0% of the Company’s pre-incentive fee net investment income, expressed as a rate of return on the value of our net assets at the end of the immediately preceding quarter, that exceeds a 1.875% quarterly hurdle rate measured as of the end of each fiscal quarter, subject to a “catch-up” provision. Under this provision, in any fiscal quarter, the Manager receives no incentive fee unless our pre-incentive fee net investment income exceeds the hurdle rate of 1.875%. The Manager will receive 100.0% of pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than or equal to 2.344% in any fiscal quarter; and 20.0% of the amount of our pre-incentive fee net investment income, if any, that exceeds 2.344% in any fiscal quarter. There is no accumulation of amounts on the hurdle rate from quarter to quarter, and accordingly there is no claw back of amounts previously paid if subsequent quarters are below the quarterly hurdle rate, and there is no delay of payment if prior quarters are below the quarterly hurdle rate. The second part of the incentive fee is determined and payable in arrears as of the end of each fiscal year (or upon termination of the Management Agreement) and equals 20.0% of the Company’s “incentive fee capital gains,” which equals the Company’s realized capital gains on a cumulative basis from May 31, 2010 through the end of the fiscal year, if any, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis on each investment in the Company’s portfolio, less the aggregate amount of any previously paid capital gain incentive fee. Importantly, the capital gains portion of the incentive fee is based on realized gains and realized and unrealized losses from May 31, 2010. Therefore, realized and unrealized losses incurred prior to such time will not be taken into account when calculating the capital gains portion of the incentive fee, and the Manager will be entitled to 20.0% of incentive fee capital gains that arise after May 31, 2010. In addition, for the purpose of the “incentive fee capital gains” calculations, the cost basis for computing realized gains and losses on investments held by us as of May 31, 2010 will equal the fair value of such investments as of such date. For the three months ended November 30, 2023 and November 30, 2022, the Company incurred $4.9 million and $4.3 million in base management fees, respectively. For the three months ended November 30, 2023 and November 30, 2022, the Company incurred $3.3 million and $2.3 million in incentive fees related to pre-incentive fee net investment income, respectively. For the three months ended November 30, 2023 and November 30, 2022, the Company accrued an expense (benefit) of ($1.0) million and ($0.8) million in incentive fees related to capital gains. For the nine months ended November 30, 2023 and November 30, 2022, the Company incurred $14.3 million and $12.2 million in base management fees, respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company incurred $9.8 million and $3.9 million in incentive fees related to pre-incentive fee net investment income, respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company accrued an expense (benefit) of ($5.0) million and ($3.7) million in incentive fees related to capital gains. The accrual is calculated using both realized and unrealized capital gains for the period. The actual incentive fee related to capital gains will be determined and payable in arrears at the end of the fiscal year and will include only realized capital gains for the period. As of November 30, 2023, the base management fees accrual was $4.9 million and the incentive fees accrual was $3.3 million and is included in base management and incentive fees payable in the accompanying consolidated statements of assets and liabilities. As of February 28, 2023, the base management fees accrual was $4.3 million and the incentive fees accrual was $7.9 million and is included in base management and incentive fees payable in the accompanying consolidated statements of assets and liabilities. Administration Agreement On July 30, 2010, the Company entered into a separate administration agreement (the “Administration Agreement”) with the Manager, pursuant to which the Manager, as the Company’s administrator, has agreed to furnish the Company with the facilities and administrative services necessary to conduct day-to-day operations and provide managerial assistance on the Company’s behalf to those portfolio companies to which the Company is required to provide such assistance. The initial term of the Administration Agreement was two years from its effective date, with one-year renewals thereafter subject to certain approvals by the Company’s board of directors and/or the Company’s stockholders. The amount of expenses payable or reimbursable thereunder by the Company was capped at $1.0 million for the initial two-year term of the Administration Agreement and subsequent renewals. Most recently, on July 6, 2023, the Company’s board of directors approved the renewal of the Administration Agreement for an additional one-year term and subsequently increased the cap on the payment or reimbursement of expenses by the Company from $3.275 million to $4.3 million, effective August 1, 2023. For the three months ended November 30, 2023 and November 30, 2022, the Company recognized $1.1 million and $0.8 million in administrator expenses, respectively, pertaining to bookkeeping, recordkeeping and other administrative services provided to the Company in addition to the Company’s allocable portion of rent and other overhead related expenses. For the nine months ended November 30, 2023 and November 30, 2022, the Company recognized $2.8 million and $2.3 million in administrator expenses, respectively, pertaining to bookkeeping, recordkeeping and other administrative services provided to the Company in addition to the Company’s allocable portion of rent and other overhead related expenses. As of November 30, 2023 and February 28, 2023, $0.4 million and $0.001 million, respectively, of administrator expenses were accrued and included in due to manager in the accompanying consolidated statements of assets and liabilities. Saratoga CLO On December 14, 2018, the Company completed the third refinancing and issuance of the 2013-1 Reset CLO Notes. This refinancing, among other things, extended the Saratoga CLO reinvestment period to January 2021, and extended its legal maturity to January 2030. In addition, and as part of the refinancing, the Saratoga CLO has also been upsized from $300 million in assets to approximately $500 million. In conjunction with the third refinancing and issuance of the 2013-1 Reset CLO Notes on December 14, 2018, the Company is no longer entitled to receive an incentive management fee from Saratoga CLO. See Note 4 for additional information. On February 26, 2021, the Company completed the fourth refinancing of the Saratoga CLO. This refinancing, among other things, extended the Saratoga CLO reinvestment period to April 2024, extended its legal maturity to April 2033, and extended the non-call period to February 2022. In addition, and as part of the refinancing, the Saratoga CLO was upsized from $500 million in assets to approximately $650 million. As part of this refinancing and upsizing, the Company invested an additional $14.0 million in all of the newly issued subordinated notes of the Saratoga CLO, and purchased $17.9 million in aggregate principal amount of the Class F-R-3 Notes tranche at par. Concurrently, the existing $2.5 million of Class F-R-2 Notes, $7.5 million of Class G-R-2 Notes and $25.0 million CLO 2013-1 Warehouse 2 Loan were repaid. The Company also paid $2.6 million of transaction costs related to the refinancing and upsizing on behalf of the Saratoga CLO, to be reimbursed from future equity distributions. At November 30, 2021, the outstanding receivable of 2.6 million was repaid in full. On August 9, 2021, the Company exchanged its existing $17.9 million Class F-R-3 Notes for $8.5 million Class F-1-R-3 Notes and $9.4 million Class F-2-R-3 Notes at par. On August 11, 2021, the Company sold its Class F-1-R-3 Notes to third parties, resulting in a realized loss of $0.1 million. For the three months ended November 30, 2023 and November 30, 2022, the Company recognized management fee income of $0.8 million and $0.8 million, respectively, related to the Saratoga CLO. For the nine months ended November 30, 2023 and November 30, 2022, the Company recognized management fee income of $2.5 million and $2.5 million, respectively, related to the Saratoga CLO. For the nine months ended November 30, 2023 and November 30, 2022, the Company neither bought nor sold any investments from the Saratoga CLO. SLF JV On October 26, 2021, the Company and TJHA entered into an LLC Agreement to co-manage the SLF JV. SLF JV is a joint venture that invests in the debt or equity interests of collateralized loan obligations, loan, notes and other debt instruments. On October 28, 2022, SLF 2022 issued $402.1 million of the 2022 JV CLO Notes through the JV CLO trust. The 2022 JV CLO Notes were issued pursuant to the JV Indenture, with the Trustee. As of November 30, 2023, the Company’s investment in the SLF JV had a fair value of $25.4 million, consisting of an unsecured loan of $17.6 million and membership interest of $7.8 million. For the three and nine months ended November 30, 2023, the Company had $0.4 million and $1.3 million, respectively, of interest income related to SLF JV, of which $0.2 million was included in interest receivable as of November 30, 2023. For the three and nine months ended November 30, 2022, the Company had $0.1 million and $0.1 million, respectively, of interest income related to SLF JV, of which $0.0 million was included in interest receivable as of November 30, 2022. For the three and nine months ended November 30, 2023, the Company had $1.3 million and $4.7 million, respectively, of dividend income related to SLF JV. For the three and nine months ended November 30, 2022, the Company had $0.0 million and $0.0 million, respectively, of dividend income related to SLF JV. As part of the JV CLO trust transaction, the Company purchased 87.50% of the Class E Notes from SLF 2022 with a par value of $12.25 million.

Borrowings

Borrowings	9 Months Ended
	Nov. 30, 2023
Borrowings Abstract
Borrowings	Note 8. Borrowings Credit Facility As a BDC, we are only allowed to employ leverage to the extent that our asset coverage, as defined in the 1940 Act, equals at least 200% after giving effect to such leverage, or 150% if certain requirements under the 1940 Act are met. On April 16, 2018, as permitted by the Small Business Credit Availability Act, which was signed into law on March 23, 2018, our board of directors, including a majority of our directors who are not “interested persons” (as defined in Section 2(a)(19) of the 1940 Act”) of the Company (“independent directors”), approved a minimum asset coverage ratio of 150%. The 150% asset coverage ratio became effective on April 16, 2019. The amount of leverage that we employ at any time depends on our assessment of the market and other factors at the time of any proposed borrowing. Our asset coverage ratio, as defined in the 1940 Act, was 159.3% as of November 30, 2023 and 165.9% as of February 28, 2023. On April 11, 2007, we entered into a $100.0 million revolving securitized credit facility (the “Revolving Facility”). On May 1, 2007, we entered into a $25.7 million term securitized credit facility (the “Term Facility” and, together with the Revolving Facility, the “Facilities”), which was fully drawn at closing. In December 2007, we consolidated the Facilities by using a draw under the Revolving Facility to repay the Term Facility. In response to the market wide decline in financial asset prices, which negatively affected the value of our portfolio, we terminated the revolving period of the Revolving Facility effective January 14, 2009 and commenced a two-year amortization period during which all principal proceeds from the collateral were used to repay outstanding borrowings. A significant percentage of our total assets had been pledged under the Revolving Facility to secure our obligations thereunder. Under the Revolving Facility, funds were borrowed from or through certain lenders and interest was payable monthly at the greater of the commercial paper rate and our lender’s prime rate plus 4.00% plus a default rate of 2.00% or, if the commercial paper market was unavailable, the greater of the prevailing LIBOR rates and our lender’s prime rate plus 6.00% plus a default rate of 3.00%. On July 30, 2010, we used the net proceeds from (i) the stock purchase transaction and (ii) a portion of the funds available to us under the $45.0 million senior secured revolving credit facility with Madison Capital Funding LLC (the “Madison Credit Facility”), in each case, to pay the full amount of principal and accrued interest, including default interest, outstanding under the Revolving Facility. As a result, the Revolving Facility was terminated in connection therewith. Substantially all of our total assets, other than those held by SBIC LP, SBIC II LP and SBIC III LP, were pledged under the Madison Credit Facility to secure our obligations thereunder. On October 4, 2021, all outstanding amounts on the Madison Credit Facility were repaid and the Madison Credit Facility was terminated. The repayment and termination of the Madison Credit Facility resulted in a realized loss on the extinguishment of debt of $0.8 million. Encina Credit Facility On October 4, 2021, the Company entered into the Credit and Security Agreement (the “Credit Agreement”) relating to a $50.0 million senior secured revolving credit facility with the Lender, supported by loans held by SIF II and pledged to the Encina Credit Facility. The terms of the Encina Credit Facility required a minimum drawn amount of $12.5 million at all times during the first six months following the closing date, which increased to the greater of $25.0 million or 50% of the commitment amount in effect at any time thereafter. Advances under the Encina Credit Facility originally bore interest at a floating rate per annum equal to LIBOR plus 4.0%, with LIBOR having a floor of 0.75%, with customary provisions related to the selection by the Lender and the Company of a replacement benchmark rate. On January 27, 2023, we entered into the first amendment to the Credit Agreement to, among other things: ● increase the borrowings available under the Encina Credit Facility from up to $50.0 million to up to $65.0 million; ● change the underlying benchmark used to compute interest under the Credit Agreement from LIBOR to Term SOFR for a one-month tenor plus a 0.10% credit spread adjustment; ● increase the applicable effective margin rate on borrowings from 4.00% to 4.25%; ● extend the revolving period from October 4, 2024 to January 27, 2026; ● extend the period during which the borrower may request one or more increases in the borrowings available under the Encina Credit Facility (each such increase, a “Facility Increase”) from October 4, 2023 to January 27, 2025, and increased the maximum borrowings available pursuant to the Encina Facility Increase from $75.0 million to $150.0 million; ● revise the eligibility criteria for eligible collateral loans to exclude certain industries in which an obligor or related guarantor may be involved; and ● amend the provisions permitting the borrower to request an extension in the Commitment Termination Date (as defined in the Credit Agreement) to allow requests to extend any applicable Commitment Termination Date, rather than a one-time request to extend the original Commitment Termination Date, subject to a notice requirement. In addition to any fees or other amounts payable under the terms of the Encina Credit Facility, an administrative agent fee per annum equal to $0.1 million is payable in equal monthly installments in arrears. As of November 30, 2023 and February 28, 2023, there were $35.0 million and $32.5 million outstanding borrowings under the Encina Credit Facility. During the applicable periods, the Company was in compliance with all of the limitations and requirements under the Credit Agreement. Financing costs of $2.0 million related to the Encina Credit Facility have been capitalized and are being amortized over the term of the facility, with all existing financing costs amortized through January 27, 2026 from the date of the amendment and extension. For the three months ended November 30, 2023 and November 30, 2022, we recorded $0.9 million and $0.6 million of interest expense related to the Encina Credit Facility, respectively, which includes commitment and administrative agent fees. For the three months ended November 30, 2023 and November 30, 2022, we recorded $0.1 million and $0.1 million of deferred financing costs related to the Encina Credit Facility, respectively. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the three months ended November 30, 2023, the weighted average interest rate on the outstanding borrowings under the Encina Credit Facility was 9.79%, and the average dollar amount of outstanding borrowings under the Encina Credit Facility was $35.0 million. For the nine months ended November 30, 2023 and November 30, 2022, we recorded $3.0 million and $1.2 million of interest expense related to the Encina Credit Facility, respectively, which includes commitment and administrative agent fees. For the nine months ended November 30, 2023 and November 30, 2022, we recorded $0.3 million and $0.3 million of deferred financing costs related to the Encina Credit Facility, respectively. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the nine months ended November 30, 2023, the weighted average interest rate on the outstanding borrowings under the Encina Credit Facility was 9.62%, and the average dollar amount of outstanding borrowings under the Encina Credit Facility was $38.9 million. The Encina Credit Facility contains limitations as to how borrowed funds may be used, such as restrictions on industry concentrations, asset size, weighted average life, currency denomination and collateral interests. The Encina Credit Facility also includes certain requirements relating to portfolio performance, the violation of which could result in the limit of further advances and, in some cases, result in an event of default, allowing the lenders to accelerate repayment of amounts owed thereunder. Availability on the Encina Credit Facility will be subject to a borrowing base calculation, based on, among other things, applicable advance rates (which vary from 50.0% to 75.0% of par or fair value depending on the type of loan asset) and the value of certain “eligible” loan assets included as part of the borrowing base. Funds may be borrowed at the greater of the prevailing one-month SOFR rate, plus an applicable effective margin of 4.25%. In addition, the Company will pay the lender a commitment fee of 0.75% per year (or 0.50% if the ratio of advances outstanding to aggregate commitments is greater than or equal to 50%) on the unused amount of the Encina Credit Facility. Our borrowing base under the Encina Credit Facility is $86.4 million subject to the Encina Credit Facility cap of $65.0 million at November 30, 2023. For purposes of determining the borrowing base, most assets are assigned the values set forth in our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q filed with the SEC. Accordingly, the November 30, 2023 borrowing base relies upon the valuations set forth in the Quarterly Report on Form 10-Q for the period ended August 31, 2023. The valuations presented in this Quarterly Report on Form 10-Q will not be incorporated into the borrowing base until after this Quarterly Report on Form 10-Q is filed with the SEC. SBA Debentures The Company’s wholly owned subsidiaries, SBIC LP, SBIC II LP, and SBIC III LP, received SBIC licenses from the SBA on March 28, 2012, August 14, 2019, and September 29, 2022, respectively. SBIC LP’s license provides up to $150.0 million in additional long-term capital in the form of SBA debentures, while SBIC II LP’s and SBIC III LP’s SBIC licenses provide up to $175.0 million each. Under current SBIC regulations, for two or more SBICs under common control, the maximum amount of outstanding SBA debentures cannot exceed $350.0 million. With all debentures repaid to the SBA, SBIC LP’s license was surrendered on January 3, 2024, providing the Company access to all undistributed capital of SBIC LP. SBICs are designed to stimulate the flow of private equity capital to eligible small businesses. Under SBA regulations, SBICs may make loans to eligible small businesses and invest in the equity securities of small businesses. Under present SBA regulations, eligible small businesses include businesses that have a tangible net worth not exceeding $24.0 million and have average annual fully taxed net income not exceeding $8.0 million for the two most recent fiscal years. In addition, an SBIC must devote 25.0% of its investment activity to “smaller enterprises” as defined by the SBA. A smaller enterprise is one that has a tangible net worth not exceeding $6.0 million and has average annual fully taxed net income not exceeding $2.0 million for the two most recent fiscal years. SBA regulations also provide alternative size standard criteria to determine eligibility, which depend on the industry in which the business is engaged and are based on such factors as the number of employees and gross sales. According to SBA regulations, SBICs may make long-term loans to small businesses, invest in the equity securities of such businesses and provide them with consulting and advisory services. The Company’s wholly owned SBIC Subsidiaries are able to borrow funds from the SBA against each SBIC’s regulatory capital (which generally approximates equity capital in the respective SBIC). The SBIC Subsidiaries are subject to customary regulatory requirements including but not limited to, a periodic examination by the SBA and requirements to maintain certain minimum financial ratios and other covenants. Receipt of an SBIC license does not assure that the SBIC Subsidiaries will receive SBA-guaranteed debenture funding, which is dependent upon the SBIC Subsidiaries complying with SBA regulations and policies. The SBA, as a creditor, will have a superior claim to each SBIC Subsidiaries’ assets over the Company’s stockholders and debtholders in the event that the Company liquidates such SBIC Subsidiary or the SBA exercises its remedies under the SBA-guaranteed debentures issued by the SBIC Subsidiary upon an event of default. The Company received exemptive relief from the SEC to permit it to exclude the debt of the SBIC subsidiaries guaranteed by the SBA from the definition of senior securities in the asset coverage test under the 1940 Act. This allows the Company increased flexibility under the asset coverage requirement by permitting it to borrow up to $350.0 million more than it would otherwise be able to absent the receipt of this exemptive relief. As of November 30, 2023, SBIC LP, SBIC II LP and SBIC III LP had an aggregate total of equity capital of $75.0 million, $87.5 million and $66.7 million, respectively, and had $205.0 million in SBA-guaranteed debentures collectively outstanding, with $0.0 million held in SBIC LP, $175.0 million held in SBIC II LP and $30.0 million held in SBIC III LP. As noted above, as of November 30, 2023, there was $205.0 million of SBA debentures outstanding and as of February 28, 2023, there was $202.0 million of SBA debentures outstanding. The carrying amount of the amount outstanding of SBA debentures approximates its fair value, which is based on a waterfall analysis showing adequate collateral coverage and would be classified as a Level 3 liability within the fair value hierarchy. Financing costs of $5.0 million, $6.0 million, and $0.4 million related to the SBA debentures issued by SBIC LP, SBIC II LP and SBIC III LP, respectively, have been capitalized and are being amortized over the term of the commitment and drawdown. During the nine months ended November 30, 2023, the Company repaid $27.0 million of SBA debentures in SBIC LP, resulting in a realized loss on extinguishment of $0.1 million related to the acceleration of deferred debt financing costs. For the three months ended November 30, 2023 and November 30, 2022, the Company recorded $1.6 million and $1.7 million of interest expense related to the SBA debentures, respectively. For the three months ended November 30, 2023 and November 30, 2022, the Company recorded $0.3 million and $0.2 million of amortization of deferred financing costs related to the SBA debentures, respectively. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. The weighted average interest rate during the three months ended November 30, 2023 and November 30, 2022 on the outstanding borrowings of the SBA debentures was 3.25% and 2.86%, respectively. During the three months ended November 30, 2023 and November 30, 2022, the average dollar amount of SBA debentures outstanding was $200.4 million and $242.7 million, respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company recorded $4.6 million and $4.6 million of interest expense related to the SBA debentures, respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company recorded $0.7 million and $0.7 million of amortization of deferred financing costs related to the SBA debentures, respectively. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. The weighted average interest rate during the nine months ended November 30, 2023 and November 30, 2022 on the outstanding borrowings of the SBA debentures was 3.01% and 2.74%, respectively. During the nine months ended November 30, 2023 and November 30, 2022, the average dollar amount of SBA debentures outstanding was $201.7 million and $226.5 million, respectively. Notes 6.25% 2025 Notes On August 28, 2018, the Company issued $40.0 million in aggregate principal amount of 6.25% fixed-rate notes due 2025 (the “6.25% 2025 Notes”) for net proceeds of $38.7 million after deducting underwriting commissions of approximately $1.3 million. Offering costs incurred were approximately $0.3 million. The issuance included the full exercise of the underwriters’ option to purchase an additional $5.0 million in aggregate principal amount of 6.25% 2025 Notes within 30 days. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.6 million related to the 6.25% 2025 Notes have been capitalized and were amortized over the term of the 6.25% 2025 Notes. On February 5, 2019, the Company issued an additional $20.0 million in aggregate principal amount of the 6.25% 2025 Notes for net proceeds of $19.2 million after deducting underwriting commissions of approximately $0.6 million and discount of $0.2 million. Offering costs incurred were approximately $0.2 million. The issuance included the full exercise of the underwriters’ option to purchase an additional $2.5 million in aggregate principal amount of 6.25% 2025 Notes within 30 days. The additional 6.25% 2025 Notes were treated as a single series with the existing 6.25% 2025 Notes under the indenture and have the same terms as the existing 6.25% 2025 Notes. The net proceeds from this offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. The financing costs and discount of $1.0 million related to the 6.25% 2025 Notes have been capitalized and were amortized over the term of the 6.25% 2025 Notes. On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of issued and outstanding 6.25% 2025 Notes. The 6.25% 2025 Notes were listed on the NYSE under the trading symbol of “SAF” and have been delisted following the full redemption on August 31, 2021. As such, it was not fair valued with market quotes and is not fair value leveled. The repayment of the 6.25% 2025 Notes resulted in a realized loss on the extinguishment of debt of $1.5 million. 7.25% 2025 Notes On June 24, 2020, the Company issued $37.5 million in aggregate principal amount of 7.25% fixed-rate notes due 2025 (the “7.25% 2025 Notes”) for net proceeds of $36.3 million after deducting underwriting commissions of approximately $1.2 million. Offering costs incurred were approximately $0.3 million. On July 6, 2020, the underwriters exercised their option in full to purchase an additional $5.625 million in aggregate principal amount of its 7.25% 2025 Notes. Net proceeds to the Company were $5.4 million after deducting underwriting commissions of approximately $0.2 million. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.6 million related to the 7.25% 2025 Notes have been capitalized and were amortized over the term of the 7.25% 2025 Notes. On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the issued and outstanding 7.25% 2025 Notes. The 7.25% 2025 Notes were listed on the NYSE under the trading symbol of “SAK” and have been delisted following the full redemption on July 14, 2022. As such, it was not fair valued with market quotes and is not fair value leveled. The repayment of the 7.25% 2025 Notes resulted in a realized loss on the extinguishment of debt of $1.0 million. For the three months ended November 30, 2023 and November 30, 2022, the Company recorded $0.0 million and $0.0 million, respectively, of interest expense and $0.0 million and $0.0 million, respectively, of amortization of deferred financing costs related to the 7.25% 2025 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the three months ended November 30, 2023 and November 30, 2022, the average dollar amount of the 7.25% 2025 Notes outstanding was $0.0 million and $0.0 million respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company recorded $0.0 million and $1.2 million, respectively, of interest expense and $0.0 million and $0.1 million, respectively, of amortization of deferred financing costs related to the 7.25% 2025 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the nine months ended November 30, 2023 and November 30, 2022, the average dollar amount of the 7.25% 2025 Notes outstanding was $0.0 million and $18.0 million respectively. 7.75% 2025 Notes On July 9, 2020, the Company issued $5.0 million in aggregate principal amount of 7.75% fixed-rate notes due in 2025 (the “7.75% 2025 Notes”) for net proceeds of $4.8 million after deducting underwriting commissions of approximately $0.2 million. Offering costs incurred were approximately $0.1 million. Interest on the 7.75% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.75% per year. The 7.75% 2025 Notes mature on July 9, 2025 and may be redeemed in whole or in part at any time or from time to time at the Company’s option subject to a fee depending on the date of repayment. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $0.3 million related to the 7.75% 2025 Notes have been capitalized and are being amortized over the term of the 7.75% 2025 Notes. As of November 30, 2023, the total 7.75% 2025 Notes outstanding was $5.0 million. The 7.75% 2025 Notes are not listed and have a par value of $25.00 per note. The carrying amount of the amount outstanding of 7.75% 2025 Notes had a fair value of $4.9 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, the carrying amount and fair value of the 7.75% 2025 Notes was $5.0 million and $4.9 million, respectively. For the three months ended November 30, 2023 and November 30, 2022, the Company recorded $0.1 million and $0.1 million, respectively, of interest expense and $0.01 million and $0.01 million, respectively, of amortization of deferred financing costs related to the 7.75% 2025 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the three months ended November 30, 2023 and November 30, 2022, the average dollar amount of 7.75% 2025 Notes outstanding was $5.0 million and $5.0 million respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company recorded $0.3 million and $0.3 million, respectively, of interest expense and $0.04 million and $0.04 million, respectively, of amortization of deferred financing costs related to the 7.75% 2025 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the nine months ended November 30, 2023 and November 30, 2022, the average dollar amount of 7.75% 2025 Notes outstanding was $5.0 million and $5.0 million respectively. 6.25% 2027 Notes On December 29, 2020, the Company issued $5.0 million in aggregate principal amount of 6.25% fixed-rate notes due in 2027 (the “6.25% 2027 Notes”). Offering costs incurred were approximately $0.1 million. Interest on the 6.25% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.25% per year. The 6.25% 2027 Notes mature on December 29, 2027 and may be redeemed in whole or in part at any time or from time to time at the Company’s option, on or after December 29, 2024. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $0.1 million related to the 6.25% 2027 Notes have been capitalized and are being amortized over the term of the Notes. On January 28, 2021, the Company issued an additional $10.0 million in aggregate principal amount of the 6.25% 2027 Notes for net proceeds of $9.7 million after deducting underwriting commissions of approximately $0.3 million (the “Additional 6.25% 2027 Notes”). Offering costs incurred were approximately $0.1 million. The Additional 6.25% 2027 Notes are treated as a single series with the existing 6.25% 2027 Notes under the indenture and have the same terms as the existing 6.25% 2027 Notes. Interest on the 6.25% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.25% per year. The 6.25% 2027 Notes mature on January 28, 2027 and commencing January 28, 2023, may be redeemed in whole or in part at any time or from time to time at the Company’s option. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $0.4 million related to the 6.25% 2027 Notes have been capitalized and are being amortized over the term of the 6.25% 2027 Notes. The 6.25% 2027 Notes are not listed and have a par value of $25.00 per note. As of November 30, 2023, the total 6.25% 2027 Notes outstanding was $15.0 million. The 6.25% 2027 Notes are not listed and have a par value of $25.00 per note. The carrying amount of the amount outstanding of 6.25% 2027 Notes had a fair value of $14.0 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, the carrying amount and fair value of the 6.25% 2027 Notes was $15.0 million and $13.7 million, respectively. For the three months ended November 30, 2023 and November 30, 2022, the Company recorded $0.2 million and $0.2 million, respectively, of interest expense and $0.02 million and $0.02 million, respectively, of amortization of deferred financing costs related to the 6.25% 2027 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the three months ended November 30, 2023 and November 30, 2022 the average dollar amount of 6.25% 2027 Notes outstanding was $15.0 million and $15.0 million respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company recorded $0.7 million and $0.7 million, respectively, of interest expense and $0.05 million and $0.05 million, respectively, of amortization of deferred financing costs related to the 6.25% 2027 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the nine months ended November 30, 2023 and November 30, 2022 the average dollar amount of 6.25% 2027 Notes outstanding was $15.0 million and $15.0 million respectively. 4.375% 2026 Notes On March 10, 2021, the Company issued $50.0 million in aggregate principal amount of 4.375% fixed-rate notes due in 2026 (the “4.375% 2026 Notes”) for net proceeds of $49.0 million after deducting underwriting commissions of approximately $1.0 million. Offering costs incurred were approximately $0.3 million. Interest on the 4.375% 2026 Notes is paid semi-annually in arrears on February 28 and August 28, at a rate of 4.375% per year. The 4.375% 2026 Notes mature on February 28, 2026 and may be redeemed in whole or in part at any time on or after November 28, 2025 at par plus a “make-whole” premium, and thereafter at par. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.3 million related to the 4.375% 2026 Notes have been capitalized and are being amortized over the term of the 4.375% 2026 Notes. On July 15, 2021, the Company issued an additional $125.0 million in aggregate principal amount of the 4.375% 2026 Notes (the “Additional 4.375% 2026 Notes”) for net proceeds for approximately $123.8 million, based on the public offering price of 101.00% of the aggregate principal amount of the Additional 4.375% 2026 Notes, after deducting the underwriting commissions of $2.5 million. Offering costs incurred were approximately $0.2 million. The Additional 4.375% 2026 Notes are treated as a single series with the existing 4.375% 2026 Notes under the indenture and have the same terms as the existing 4.375% 2026 Notes. The net proceeds from the offering were used to redeem all of the outstanding 6.25% fixed-rate note due 2025, and for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $2.7 million have been capitalized and are being amortized over the term of the additional 4.375% 2026 Notes. As of November 30, 2023, the total 4.375% 2026 Notes outstanding was $175.0 million. The 4.375% 2026 Notes are not listed and are issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The carrying amount of the amount outstanding of 4.375% 2026 Notes had a fair value of $160.4 million, which is based on a market yield analysis and would be classified as a Level 3 liability within the fair value hierarchy. As of February 28, 2023, the carrying amount and fair value of the 4.375% 2026 Notes was $175.0 million and $156.1 million, respectively. For the three months ended November 30, 2023 and November 30, 2022, the Company recorded $1.9 million and $1.9 million, respectively, of interest expense, $0.1 million and $0.2 million, respectively, of amortization of deferred financing costs and $0.08 million and $0.07 million, respectively, of amortization of premium on issuance of 4.375% Notes due 2026 (inclusive of the issuance of the Additional 4.375% 2026 Notes). Interest expense, amortization of deferred financing costs and amortization of premium on issuance of notes are reported as interest and debt financing expense on the consolidated statements of operations. During the three months ended November 30, 2023 and November 30, 2022, the average dollar amount of 4.375% 2026 Notes outstanding was $175.0 million and $175.0 million, respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company recorded $5.7 million and $5.7 million, respectively, of interest expense, $0.4 million and $0.6 million, respectively, of amortization of deferred financing costs and $0.2 million and $0.2 million, respectively, of amortization of premium on issuance of 4.375% Notes due 2026 (inclusive of the issuance of the Additional 4.375% 2026 Notes). Interest expense, amortization of deferred financing costs and amortization of premium on issuance of notes are reported as interest and debt financing expense on the consolidated statements of operations. During the nine months ended November 30, 2023 and November 30, 2022, the average dollar amount of 4.375% 2026 Notes outstanding was $175.0 million and $175.0 million, respectively. 4.35% 2027 Notes On January 19, 2022, the Company issued $75.0 million in aggregate principal amount of 4.35% fixed-rate notes due in 2027 (the “4.35% 2027 Notes”) for net proceeds of $73.0 million, based on the public offering price of 99.317% of the aggregate principal amount of the 4.35% 2027 Notes, after deducting the underwriting commissions of approximately $1.5 million. Offering costs incurred were approximately $0.3 million. Interest on the 4.35% 2027 Notes is paid semi-annually in arrears on February 28 and August 28, at a rate of 4.35% per year. The 4.35% 2027 Notes mature on February 28, 2027 and may be redeemed in whole or in part at the Company’s option at any time prior to November 28, 2026, at par plus a “make-whole” premium, and thereafter at par. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.8 million related to the 4.35% 2027 Notes have been capitalized and are being amortized over the term of the 4.35% 2027 Notes. As of November 30, 2023, the total 4.35% 2027 Notes outstanding was $75.0 million

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 30, 2023
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies Contractual Obligations The following table shows our payment obligations for repayment of debt and other contractual obligations at November 30, 2023: Payment Due by Period Long-Term Debt Obligations Total Less Than 1 - 3 3 - 5 More Than ($ in thousands) Encina credit facility $ 35,000 $ - $ 35,000 $ - $ - SBA debentures 205,000 - - - 205,000 8.75% 2024 Notes 20,000 20,000 - - - 7.00% 2025 Notes 12,000 - 12,000 - - 7.75% 2025 Notes 5,000 - 5,000 - - 4.375% 2026 Notes 175,000 - 175,000 - - 4.35% 2027 Notes 75,000 - - 75,000 - 6.00% 2027 Notes 105,500 - - 105,500 - 6.25% 2027 Notes 15,000 - - 15,000 - 8.00% 2027 Notes 46,000 - - 46,000 - 8.125% 2027 Notes 60,375 - - 60,375 - 8.50% 2028 Notes 57,500 - - 57,500 - Total Long-Term Debt Obligations $ 811,375 $ 20,000 $ 227,000 $ 359,375 $ 205,000 Off-Balance Sheet Arrangements As of November 30, 2023 and February 28, 2023, the Company’s off-balance sheet arrangements consisted of $128.4 million and $108.8 million, respectively, of unfunded commitments outstanding to provide debt financing to its portfolio companies or to fund limited partnership interests. Such commitments are generally up to the Company’s discretion to approve, or the satisfaction of certain financial and nonfinancial covenants and involve, to varying degrees, elements of credit risk in excess of the amount recognized in the Company’s consolidated statements of assets and liabilities and are not reflected in the Company’s consolidated statements of assets and liabilities. A summary of the unfunded commitments outstanding as of November 30, 2023 and February 28, 2023 is shown in the table below (dollars in thousands): November 30, February 28, At Company’s discretion ActiveProspect, Inc. $ 10,000 $ 10,000 Artemis Wax Corp. 23,500 - Ascend Software, LLC 5,000 5,000 Granite Comfort, LP 750 15,000 JDXpert 5,000 5,000 LFR Chicken LLC - 4,000 Pepper Palace, Inc. 1,898 3,000 Procurement Partners, LLC 4,250 4,250 Saratoga Senior Loan Fund I JV, LLC 8,548 8,548 Sceptre Hospitality Resources, LLC 5,000 5,000 Stretch Zone Franchising, LLC 3,750 - VetnCare MSO, LLC 10,000 - Total $ 77,696 $ 59,798 At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required Alpha Aesthetics Partners OpCo, LLC $ 3,720 $ - ARC Health OpCo LLC 2,585 10,773 Artemis Wax Corp. - 8,500 Ascend Software, LLC 1,500 3,200 Axero Holdings, LLC - Revolver 500 500 Axiom Medical Consulting, LLC 2,000 - BQE Software, Inc. 3,250 - C2 Educational Systems 3,000 - Davisware, LLC 1,500 - Exigo, LLC - 4,167 Exigo, LLC - Revolver 1,042 833 Gen4 Dental Partners Holdings, LLC 244 11,000 GoReact 2,500 2,500 JDXpert - 1,000 Inspect Point Holding, LLC 1,500 - Modis Dental Partners OpCo, LLC 7,500 - Pepper Palace, Inc. - Delayed Draw Term Loan - 2,000 Pepper Palace, Inc. - Revolver 2,500 2,500 Procurement Partners, LLC - 1,000 Stretch Zone Franchising, LLC 1,500 - VetnCare MSO, LLC 15,319 - Zollege PBC 575 1,000 50,735 48,973 Total $ 128,431 $ 108,771 The Company believes its assets will provide adequate coverage to satisfy these unfunded commitments. As of November 30, 2023, the Company had cash and cash equivalents and cash and cash equivalents, reserve accounts of $47.0 million and $30.0 million in available borrowings under the Encina Credit Facility.

Directors Fees

Directors Fees	9 Months Ended
	Nov. 30, 2023
Directors Fees [Abstract]
Directors Fees	Note 10. Directors Fees The independent directors each receive an annual fee of $70,000. They also receive $3,000 plus reimbursement of reasonable out-of-pocket expenses incurred in connection with attending each board meeting and receive $1,500 plus reimbursement of reasonable out-of-pocket expenses incurred in connection with attending each committee meeting. In addition, the chairman of the Audit Committee receives an annual fee of $12,500 and the chairman of each other committee of the board of directors receives an annual fee of $6,000 for their additional services in these capacities. In addition, we have purchased directors’ and officers’ liability insurance on behalf of our directors and officers. Independent directors have the option to receive their directors’ fees in the form of our common stock issued at a price per share equal to the greater of NAV or the market price at the time of payment. No compensation is paid to directors who are “interested persons” of the Company (as defined in Section 2(a)(19) of the 1940 Act). For the three months ended November 30, 2023 and November 30, 2022, the Company incurred $0.1 million and $0.1 million for directors’ fees and expenses, respectively. For the nine months ended November 30, 2023 and November 30, 2022, the Company incurred $0.3 million and $0.3 million for directors’ fees and expenses, respectively. As of November 30, 2023 and February 28, 2023, $0.0 million and $0.01 million in directors’ fees and expenses were accrued and unpaid, respectively. As of November 30, 2023, the Company had not issued any common stock to our directors as compensation for their services.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Nov. 30, 2023
Stockholders' Equity [Abstract]
Stockholders’ Equity	Note 11. Stockholders’ Equity Share Repurchases On September 24, 2014, the Company announced the approval of an open market share repurchase plan that originally allowed it to repurchase up to 200,000 shares of its common stock at prices below its NAV as reported in its then most recently published consolidated financial statements (the “Share Repurchase Plan”). Since September 24, 2014, the Share Repurchase Plan has been extended annually, and the Company has periodically increased the amount of shares of common stock that may be purchased under the Share Repurchase Plan, most recently to 1.7 million shares of common stock. On January 8, 2024, the Company’s board of directors extended the Share Repurchase Plan for another year to January 15, 2025. As of November 30, 2023, the Company had purchased 1,035,203 shares of common stock, at the average price of $22.05 for approximately $22.8 million pursuant to the Share Repurchase Plan. During the three months ended November 30, 2023, the Company did not purchase any shares of common stock pursuant to the Share Repurchase Plan. During the nine months ended November 30, 2023, the Company purchased 88,576 shares of common stock, at the average price $24.36 for approximately $2.2 million pursuant to the Share Repurchase Plan. Public Equity Offering On July 13, 2018, the Company issued 1,150,000 shares of its common stock priced at $25.00 per share (par value $0.001 per share) at an aggregate total of $28.75 million. The net proceeds, after deducting underwriting commissions of $1.15 million and offering costs of approximately $0.2 million, amounted to approximately $27.4 million. The Company also granted the underwriters a 30-day option to purchase up to an additional 172,500 shares of its common stock, which was not exercised. Equity ATM Program On March 16, 2017, the Company entered into an equity distribution agreement with Ladenburg Thalmann & Co. Inc., through which the Company offered for sale, from time to time, up to $30.0 million of the Company’s common stock through an ATM offering. Subsequent to this, BB&T Capital Markets and B. Riley FBR, Inc. were also added to the agreement. On July 11, 2019, the amount of the common stock to be offered was increased to $70.0 million, and on October 8, 2019, the amount of the common stock to be offered was increased to $130.0 million. This agreement was terminated as of July 29, 2021, and as of that date, the Company had sold 3,922,018 shares for gross proceeds of $97.1 million at an average price of $24.77 for aggregate net proceeds of $95.9 million (net of transaction costs). On July 30, 2021, the Company entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Ladenburg Thalmann & Co. Inc. and Compass Point Research and Trading, LLC (collectively the “Agents”), through which the Company may offer for sale, from time to time, up to $150.0 million of the Company’s common stock through the Agents, or to them, as principal for their account (the “ATM Program”). On July 6, 2023, the Equity Distribution Agreement was amended to increase the maximum amount of shares of our common stock to be sold through the ATM Program to $300.0 million from $150.0 million, and on July 19, 2023, the Equity Distribution Agreement was amended to add an additional distribution agent, Raymond James & Associates. The sales price per share of the Company’s common stock offered under the ATM Program, less the Agents’ commission, will not be less than the NAV per share of the Company’s common stock at the time of such sale. Consistent with the terms of the ATM Program, the Manager may, from time to time and in its sole discretion, contribute proceeds necessary to ensure that no sales are made at a price below the then-current NAV per share. As of November 30, 2023, the Company sold 6,042,773 shares for gross proceeds of $158.3 million at an average price of $26.20 for aggregate net proceeds of $156.8 million (net of transaction costs). During the three months ended November 30, 2023, the Company sold 350,000 shares for gross proceeds of $10.0 million at an average price of $28.48 for aggregate net proceeds of $10.0 million (net of transaction costs). During the nine months ended November 30, 2023, the Company sold 1,202,412 shares for gross proceeds of $34.3 million at an average price of $28.54 for aggregate net proceeds of $34.3 million (net of transaction costs). The Manager agreed to reimburse the Company to the extent the per share price of the shares to the public, less underwriting fees, was less than net asset value per share. For the three months ended November 30, 2023, the Manager reimbursed the Company $1.0 million. For the nine months ended November 30, 2023, the Manager reimbursed the Company $3.1 million. The Company adopted Rule 3-04/Rule 8-03(a)(5) under Regulation S-X (Note 2). Pursuant to Regulation S-X, the Company has presented a reconciliation of the changes in each significant caption of stockholders’ equity as shown in the tables below: Total Common Stock Capital Distributable Earnings Shares Amount of Par Value (Loss) Net Assets Balance at February 28, 2022 12,131,350 $ 12,131 $ 328,062,246 $ 27,706,146 $ 355,780,523 Increase (Decrease) from Operations: Net investment income - - - 7,976,222 7,976,222 Net realized gain (loss) from investments - - - 162,509 162,509 Income tax (provision) benefit from realized gain on investments - - - 69,250 69,250 Net change in unrealized appreciation (depreciation) on investments - - - (9,333,449 ) (9,333,449 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (361,951 ) (361,951 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,428,817 ) (6,428,817 ) Capital Share Transactions: Stock dividend distribution 42,825 43 1,108,637 - 1,108,680 Repurchases of common stock (142,177 ) (142 ) (3,734,174 ) - (3,734,316 ) Repurchase fees - - (2,840 ) - (2,840 ) Balance at May 31, 2022 12,031,998 $ 12,032 $ 325,433,869 $ 19,789,910 $ 345,235,811 Increase (Decrease) from Operations: Net investment income - - - 7,698,014 7,698,014 Net realized gain (loss) from investments - - - 7,943,838 7,943,838 Realized losses on extinguishment of debt - - - (1,204,809 ) (1,204,809 ) Net change in unrealized appreciation (depreciation) on investments - - - (13,258,456 ) (13,258,456 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (230,154 ) (230,154 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,369,981 ) (6,369,981 ) Capital Share Transactions: Stock dividend distribution 48,590 49 1,088,139 - 1,088,188 Repurchases of common stock (153,350 ) (154 ) (3,685,951 ) - (3,686,105 ) Repurchase fees - - (3,071 ) - (3,071 ) Balance at August 31, 2022 11,927,238 $ 11,927 $ 322,832,986 $ 14,368,362 $ 337,213,275 Increase (Decrease) from Operations: Net investment income - - - 9,877,437 9,877,437 Net realized gain (loss) from investments - - - (740,434 ) (740,434 ) Income tax (provision) benefit from realized gain on investments - - - 479,318 479,318 Net change in unrealized appreciation (depreciation) on investments - - - (3,176,208 ) (3,176,208 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (425,848 ) (425,848 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,433,298 ) (6,433,298 ) Capital Share Transactions: Stock dividend distribution 52,312 53 1,150,881 - 1,150,934 Repurchases of common stock (94,071 ) (95 ) (2,179,600 ) - (2,179,695 ) Repurchase fees - - (1,881 ) - (1,881 ) Balance at November 30, 2022 11,885,479 $ 11,885 $ 321,802,386 $ 13,949,329 $ 335,763,600 Increase (Decrease) from Operations: Net investment income - - - 9,649,474 9,649,474 Net realized gain (loss) from investments - - - 80,683 80,683 Realized losses on extinguishment of debt - - - (382,274 ) (382,274 ) Net change in unrealized appreciation (depreciation) on investments - - - 10,549,981 10,549,981 Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (697,380 ) (697,380 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,081,306 ) (8,081,306 ) Capital Share Transactions: Stock dividend distribution 53,615 55 1,300,405 - 1,300,460 Repurchases of common stock (48,594 ) (49 ) (1,224,175 ) - (1,224,224 ) Repurchase fees - - (972 ) - (972 ) Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles - - 16,162 (16,162 ) - Balance at February 28, 2023 11,890,500 $ 11,891 $ 321,893,806 $ 25,052,345 $ 346,958,042 Increase (Decrease) from Operations: Net investment income - - - 15,958,950 15,958,950 Net realized gain (loss) from investments - - - 90,691 90,691 Net change in unrealized appreciation (depreciation) on investments - - - (16,322,307 ) (16,322,307 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - 59,407 59,407 Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,193,402 ) (8,193,402 ) Capital Share Transactions: Stock dividend distribution 45,818 47 1,058,797 - 1,058,844 Repurchases of common stock (88,576 ) (90 ) (2,157,515 ) - (2,157,605 ) Repurchase fees - - (1,772 ) - (1,772 ) Balance at May 31, 2023 11,847,742 $ 11,848 $ 320,793,316 $ 16,645,684 $ 337,450,848 Increase (Decrease) from Operations: Net investment income - - - 13,964,784 13,964,784 Realized losses on extinguishment of debt - - - (110,056 ) (110,056 ) Net change in unrealized appreciation (depreciation) on investments - - - (5,737,571 ) (5,737,571 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (221,206 ) (221,206 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,352,335 ) (8,352,335 ) Capital Share Transactions: Proceeds from issuance of common stock 852,412 852 22,497,265 - 22,498,117 Capital contribution from manager - - 2,050,288 - 2,050,288 Stock dividend distribution 29,627 30 749,283 - 749,313 Offering costs - - (213,427 ) - (213,427 ) Balance at August 31, 2023 12,729,781 $ 12,730 $ 345,876,725 $ 16,189,300 $ 362,078,755 Increase (Decrease) from Operations: Net investment income - - - 14,166,063 14,166,063 Net realized gain (loss) from investments - - - 60,565 60,565 Net change in unrealized appreciation (depreciation) on investments - - - (17,866,353 ) (17,866,353 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (415,894 ) (415,894 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,286,642 ) (9,286,642 ) Capital Share Transactions: Proceeds from issuance of common stock 350,000 350 9,012,150 - 9,012,150 Capital contribution from manager - - 1,043,000 - 1,043,000 Stock dividend distribution 35,196 35 858,960 - 858,995 Offering costs - - (92,240 ) - (92,240 ) Balance at November 30, 2023 13,114,977 $ 13,115 $ 356,698,595 $ 2,847,039 $ 359,558,749

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 12. Earnings Per Share In accordance with the provisions of ASC Topic 260, Earnings per Share The following information sets forth the computation of the weighted average basic and diluted net increase (decrease) in net assets resulting from operations per share for the three and nine months ended November 30, 2023 and November 30, 2022 (dollars in thousands except share and per share amounts): For the three months ended For the nine months ended Basic and Diluted November 30, November 30, November 30, November 30, Net increase (decrease) in net assets resulting from operations $ (4,056 ) $ 6,014 $ 3,627 $ 5,475 Weighted average common shares outstanding 13,052,896 11,893,173 12,355,815 11,989,811 Weighted average earnings (loss) per common share $ (0.31 ) $ 0.51 $ 0.29 $ 0.46

Dividend

Dividend	9 Months Ended
	Nov. 30, 2023
Dividend [Abstract]
Dividend	Note 13. Dividend On November 15, 2023, the Company declared a dividend of $0.72 per share payable on December 28, 2023, to common stockholders of record on December 11, 2023. Shareholders have the option to receive payment of the dividend in cash, or receive shares of common stock, pursuant to the DRIP. On August 14, 2023, the Company declared a dividend of $0.71 per share payable on September 28, 2023, to common stockholders of record on September 14, 2023. Shareholders have the option to receive payment of the dividend in cash, or receive shares of common stock, pursuant to the DRIP. On May 22, 2023, the Company declared a dividend of $0.70 per share payable on June 29, 2023, to common stockholders of record on June 13, 2023. Shareholders have the option to receive payment of the dividend in cash, or receive shares of common stock, pursuant to the DRIP. The following table summarizes dividends declared for the nine months ended November 30, 2023 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total Amount* November 15, 2023 December 11, 2023 December 28, 2023 $ 0.72 8,888 August 14, 2023 September 14, 2023 September 28, 2023 0.71 $ 9,287 May 22, 2023 June 13, 2023 June 29, 2023 0.70 $ 8,352 Total dividends declared $ 2.13 $ 26,527 * Total amount is calculated based on the number of shares outstanding at the date of record. The following table summarizes dividends declared for the nine months ended November 30, 2022 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total Amount* November 15, 2022 December 15, 2022 January 4, 2023 $ 0.68 $ 8,081 August 29, 2022 September 14, 2022 September 29, 2022 0.54 6,433 May 26, 2022 June 14, 2022 June 29, 2022 0.53 6,370 Total dividends declared $ 1.75 $ 20,884 * Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights

Financial Highlights	9 Months Ended
	Nov. 30, 2023
Investment Company, Financial Highlights [Abstract]
Financial Highlights	Note 14. Financial Highlights The following is a schedule of financial highlights as of and for the nine months ended November 30, 2023 and November 30, 2022: Per share data November 30, November 30, Net asset value at beginning of period $ 29.18 $ 29.33 Net investment income(1) 3.57 2.13 Net realized and unrealized gain and losses on investments(1) (3.27 ) (1.57 ) Realized losses on extinguishment of debt (0.01 ) (0.10 ) Net increase in net assets resulting from operations 0.29 0.46 Distributions declared from net investment income (2.10 ) (1.60 ) Total distributions to stockholders (2.10 ) (1.60 ) Issuance of common stock(2) (0.30 ) - Capital contribution from manager for the issuance of common stock(14) 0.36 - Repurchases of common stock(3) 0.03 0.15 Dilution(4) (0.04 ) (0.09 ) Net asset value at end of period $ 27.42 $ 28.25 Net assets at end of period $ 359,558,749 $ 335,763,600 Shares outstanding at end of period 13,114,977 11,885,479 Per share market value at end of period $ 26.21 $ 26.37 Total return based on market value(5)(6) 3.62 % 2.74 % Total return based on net asset value(5)(7) 2.35 % 2.98 % Ratio/Supplemental data: Ratio of net investment income to average net assets(8) 17.15 % 9.90 % Expenses: Ratios of operating expenses and income taxes to average net assets*(9) 8.09 % 7.02 % Ratio of incentive management fees to average net assets(5) 1.37 % 0.06 % Ratio of interest and debt financing expenses to average net assets(9) 13.87 % 8.97 % Ratio of total expenses and income taxes to average net assets*(8) 23.33 % 16.05 % Portfolio turnover rate(5)(10) 1.80 % 17.77 % Asset coverage ratio per unit(11) 1,593 1,732 Average market value per unit Revolving Credit Facility(12) N/A N/A SBA Debentures Payable(12) N/A N/A 8.75% Notes Payable 2024(12) N/A N/A 7.00% Notes Payable 2025(12) N/A N/A 7.25% Notes Payable 2025(13) N/A N/A 7.75% Notes Payable 2025(12) N/A N/A 4.375% Notes Payable 2026(12) N/A N/A 4.35% Notes Payable 2027(12) N/A N/A 6.00% Notes Payable 2027 $ 23.34 $ 24.20 6.25% Notes Payable 2027(12) N/A N/A 8.00% Notes Payable 2027 $ 24.93 24.94 8.125% Notes Payable 2027 $ 24.97 N/A 8.50% Notes Payable 2028 $ 25.07 N/A * Certain prior period amounts have been reclassified to conform to current period presentation. (1) Per share amounts are calculated using the weighted average shares outstanding during the period. (2) The continuous issuance of common stock may cause an incremental decrease in NAV per share due to the sale of shares at the then prevailing public offering price and the receipt of net proceeds per share by the Company less than NAV per share on each subscription closing date. The per share data was derived by computing (i) the sum of (A) the number of shares issued in connection with subscriptions and/or distribution reinvestment on each share transaction date multiplied by (B) the differences between the net proceeds per share and the NAV per share on each share transaction date, divided by (ii) the total shares outstanding during the period. (3) Represents the anti-dilutive impact on the NAV of the Company due to the repurchase of common shares. See Note 11. Stockholders’ Equity. (4) Represents the dilutive effect of issuing common stock below NAV per share during the period in connection with the satisfaction of the Company’s annual RIC distribution requirement and may include the impact of the different share amounts used for different items (weighted average basic common shares outstanding for the corresponding year and actual common shares outstanding at the end of the year) in the per common share data calculation and rounding impacts. See Note 13. Dividend. (5) Ratios are not annualized. (6) Total investment return is calculated assuming a purchase of common shares at the current market value on the first day and a sale at the current market value on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. (7) Total investment return is calculated assuming a purchase of common shares at the current NAV on the first day and a sale at the current net asset value on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. (8) Ratios are annualized. Incentive management fees included within the ratio are not annualized. (9) Ratios are annualized. (10) Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value. (11) Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. Asset coverage ratio per unit does not include unfunded commitments. The inclusion of unfunded commitments in the calculation of the asset coverage ratio per unit would not cause us to be below the required amount of regulatory coverage. (12) The Revolving Credit Facility, SBA Debentures, 8.75% Notes Payable 2024, 7.00% Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2027 and 6.25% Notes Payable 2027 are not registered for public trading. (13) On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE. (14) The Manager agreed to reimburse the Company to the extent the per share price of the shares to the public, less underwriting fees, was less than net asset value per share.

Subsequent Events

Subsequent Events	9 Months Ended
	Nov. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events The Company has evaluated subsequent events through the filing of this Form 10-Q and determined that there have been no events that have occurred that would require adjustments to the Company’s consolidated financial statements and disclosures in the consolidated financial statements as of and for the quarter ended November 30, 2023.

N-2

N-2 - $ / shares	9 Months Ended
	Nov. 30, 2023	Feb. 28, 2023	Nov. 30, 2022	Feb. 28, 2022
Cover [Abstract]
Entity Central Index Key	0001377936
Amendment Flag	false
Securities Act File Number	814-00732
Document Type	10-Q
Entity Registrant Name	SARATOGA INVESTMENT CORP.
Entity Address, Address Line One	535 Madison Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	(212)
Local Phone Number	906-7800
Entity Emerging Growth Company	false
General Description of Registrant [Abstract]
Investment Objectives and Practices [Text Block]	OVERVIEW We are a Maryland corporation that has elected to be treated as a BDC under the Investment Company Act of 1940, as amended (the “1940 Act”). Our investment objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from our investments. We invest primarily in senior and unitranche leveraged loans and mezzanine debt issued by private U.S. middle-market companies, which we define as companies having earnings before interest, tax, depreciation and amortization (“EBITDA”) of between $2 million and $50 million, both through direct lending and through participation in loan syndicates. We may also invest up to 30.0% of the portfolio in opportunistic investments in order to seek to enhance returns to stockholders. Such investments may include investments in distressed debt, which may include securities of companies in bankruptcy, foreign debt, private equity, securities of public companies that are not thinly traded and structured finance vehicles such as collateralized loan obligation funds. Although we have no current intention to do so, to the extent we invest in private equity funds, we will limit our investments in entities that are excluded from the definition of “investment company” under Section 3(c)(1) or Section 3(c)(7) of the 1940 Act, which includes private equity funds, to no more than 15.0% of its net assets. We have elected and qualified to be treated as a RIC under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”).
Risk Factors [Table Text Block]	Item 1A. Risk Factors In addition to information set forth in this report, you should carefully consider the “Risk Factors” discussed in our most recent Annual Report on Form 10-K filed with the SEC, which could materially affect our business, financial condition and/or operating results. Except for the risk factor set forth below, there have been no material changes during the nine months ended November 30, 2023 to the risk factors discussed in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended February 28, 2023. Additional risks or uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition and/or operating results.
NAV Per Share	$ 27.42	$ 29.18	$ 28.25	$ 29.33
RISKS RELATED TO OUR NOTES [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	In addition to information set forth in this report, you should carefully consider the “Risk Factors” discussed in our most recent Annual Report on Form 10-K filed with the SEC, which could materially affect our business, financial condition and/or operating results. Except for the risk factor set forth below, there have been no material changes during the nine months ended November 30, 2023 to the risk factors discussed in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended February 28, 2023. Additional risks or uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition and/or operating results.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Nov. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), are stated in U.S. Dollars and include the accounts of the Company and its wholly owned special purpose financing subsidiaries, Saratoga Investment Funding, LLC (previously known as GSC Investment Funding LLC), SIF II, SBIC LP, SBIC II LP, SBIC III LP, SIA-AAP, Inc., SIA-ARC, Inc., SIA-Avionte, Inc., SIA-AX, Inc., SIA-G4, Inc., SIA-GH, Inc., SIA-MDP, Inc., SIA-MAC, Inc., SIA-PP, Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., SIA-Vector, Inc. and SIA-VR, Inc. All intercompany accounts and transactions have been eliminated in consolidation. All references made to the “Company,” “we,” and “us” herein include Saratoga Investment Corp. and its consolidated subsidiaries, except as stated otherwise. The Company, SBIC LP, SBIC II LP, and SBIC III LP are all considered to be investment companies for financial reporting purposes and have applied the guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services — Investment Companies
Principles of Consolidation	Principles of Consolidation Under the investment company rules and regulations pursuant to ASC 946, the Company is precluded from consolidating any entity other than another investment company or controlled operating company whose business consists of providing services to the Company. As a result, the consolidated financial statements of the Company include only the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company has determined that SLF JV is an investment company under ASC 946; however, in accordance with such guidance the Company will generally not consolidate its investment in a company other than a wholly owned investment company subsidiary. SLF JV is not a wholly owned investment company subsidiary as the Company and TJHA each have an equal 50% voting interest in SLF JV and thus neither party has a controlling financial interest. Furthermore, ASC 810 concludes that in a joint venture where both members have equal decision making authority, it is not appropriate for one member to consolidate the joint venture since neither has control. Accordingly, the Company does not consolidate its investment in SLF JV.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and income, gains (losses) and expenses during the period reported. Actual results could differ materially from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include short-term, liquid investments in a money market fund. The Company places its cash in financial institutions and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits. Cash and cash equivalents are carried at cost which approximates fair value. Pursuant to Section 12(d)(1)(A) of the 1940 Act, the Company may not invest in another investment company, such as a money market fund, if such investment would cause the Company to: ● own more than 3.0% of the investment company’s total outstanding voting stock; ● hold securities in the investment company having an aggregate value in excess of 5.0% of the value of the Company’s total assets; or ● hold securities in investment companies having an aggregate value in excess of 10.0% of the value of the Company’s total assets. As of November 30, 2023, the Company did not exceed any of these limitations.
Cash and Cash Equivalents, Reserve Accounts	Cash and Cash Equivalents, Reserve Accounts Cash and cash equivalents, reserve accounts include amounts held in designated bank accounts in the form of cash and short-term liquid investments in money market funds, and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits, representing payments received on secured investments or other reserved amounts associated with the Encina Credit Facility held by the Company’s wholly owned subsidiary, SIF II. The Company is required to use these amounts to pay interest expense, reduce borrowings, or pay other amounts in accordance with the terms of the Encina Credit Facility. In addition, cash and cash equivalents, reserve accounts also include amounts held in designated bank accounts, in the form of cash and short-term liquid investments in money market funds, within the Company’s wholly owned subsidiaries, SBIC LP, SBIC II LP and SBIC III LP. The statements of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents when reconciling the beginning-of-period and end-of-period total amounts. The following table provides a reconciliation of cash and cash equivalents and cash and cash equivalents, reserve accounts reported within the consolidated statements of assets and liabilities that sum to the total of the same such amounts shown in the consolidated statements of cash flows: November 30, February 28, Cash and cash equivalents $ 21,386,880 $ 65,746,494 Cash and cash equivalents, reserve accounts 25,639,619 30,329,779 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 47,026,499 $ 96,076,273
Investment Classification	Investment Classification The Company classifies its investments in accordance with the requirements of the 1940 Act. Under the 1940 Act, “control investments” are defined as investments in companies in which the Company owns more than 25.0% of the voting securities or maintains greater than 50.0% of the board representation. Under the 1940 Act, “affiliated investments” are defined as those non-control investments in companies in which the Company owns between 5.0% and 25.0% of the voting securities. Under the 1940 Act, “non-affiliated investments” are defined as investments that are neither control investments nor affiliated investments.
Investment Valuation	Investment Valuation The Company accounts for its investments at fair value in accordance with the FASB ASC Topic 820, Fair Value Measurement Investments for which market quotations are readily available are fair valued at such market quotations obtained from independent third-party pricing services and market makers subject to any decision by the Company’s board of directors to approve a fair value determination to reflect significant events affecting the value of these investments. The Company values investments for which market quotations are not readily available at fair value as approved, in good faith, by the Company’s board of directors based on input from the Manager, the audit committee of the board of directors and a third-party independent valuation firm. The Company undertakes a multi-step valuation process each quarter when valuing investments for which market quotations are not readily available, as described below: ● Each investment is initially valued by the responsible investment professionals of the Manager and preliminary valuation conclusions are documented, reviewed and discussed with our senior management; and ● An independent valuation firm engaged by the Company’s board of directors independently reviews a selection of these preliminary valuations each quarter so that the valuation of each investment for which market quotes are not readily available is reviewed by the independent valuation firm at least once each fiscal year. The Company uses a third-party independent valuation firm to value its investment in the subordinated notes of Saratoga Investment Corp. CLO 2013-1, Ltd. (“Saratoga CLO”), the Class F-2-R-3 Notes of the Saratoga CLO, and the Class E Notes of the SLF 2022 every quarter. In addition, all investments are subject to the following valuation process: ● The audit committee of the Company’s board of directors reviews and approves each preliminary valuation and the Manager and independent valuation firm (if applicable) will supplement the preliminary valuation to reflect any comments provided by the audit committee; and ● The Company’s board of directors discusses the valuations and approves the fair value of each investment, in good faith, based on the input of the Manager, independent valuation firm (to the extent applicable) and the audit committee of the board of directors. The Company uses multiple techniques for determining fair value based on the nature of the investment and experience with those types of investments and specific portfolio companies. The selections of the valuation techniques and the inputs and assumptions used within those techniques often require subjective judgements and estimates. These techniques include market comparables, discounted cash flows and enterprise value waterfalls. Fair value is best expressed as a range of values from which the Company determines a single best estimate. The types of inputs and assumptions that may be considered in determining the range of values of the Company’s investments include the nature and realizable value of any collateral, the portfolio company’s ability to make payments, market yield trend analysis and volatility in future interest rates, call and put features, the markets in which the portfolio company does business, comparison to publicly traded companies, discounted cash flows and other relevant factors. The Company’s investments in the subordinated notes of Saratoga CLO, Class F-2-R-3 Notes of the Saratoga CLO and the Class E Notes of SLF 2022 are carried at fair value, which is based on a discounted cash flow valuation technique that utilizes prepayment, re-investment and loss inputs based on historical experience and projected performance, economic factors, the characteristics of the underlying cash flow, and comparable yields for equity interests in collateralized loan obligation funds, when available, as determined by the Manager and recommended to the Company’s board of directors. Specifically, the Company uses Intex cash flows, or an appropriate substitute, to form the basis for the valuation of its investment in the subordinated notes of Saratoga CLO, Class F-2-R-3 Notes of the Saratoga CLO and the Class E Notes of SLF 2022. The inputs are based on available market data and projections provided by third parties as well as management estimates. The Company uses the output from the Intex models (i.e., the estimated cash flows) to perform a discounted cash flow analysis on expected future cash flows to determine the valuation for our investment in Saratoga CLO. The Company’s equity investment in SLF JV is measured using the proportionate share of the net asset value (“NAV”), or equivalent, of SLF JV as a practical expedient for fair value, provided by ASC 820. Because such valuations, and particularly valuations of private investments and private companies, are inherently uncertain, they may fluctuate over short periods of time and may be based on estimates. The determination of fair value may differ materially from the values that would have been used if a ready market for these investments existed. The Company’s NAV could be materially affected if the determinations regarding the fair value of its investments were materially higher or lower than the values that the Company ultimately realizes upon the disposal of such investments. Rule 2a-5 under the 1940 Act (“Rule 2a-5”) establishes a regulatory framework for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits boards of directors, subject to board oversight and certain other conditions, to designate the investment adviser to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must determine the fair value of a security. Rule 31a-4 under the 1940 Act (“Rule 31a-4”) provides for certain recordkeeping requirements associated with fair value determinations. Finally, the Securities and Exchange Commission (the “SEC”) rescinded previously issued guidance on related issues, including the role of the board in determining fair value and the accounting and auditing of fund investments. While the Company’s board of directors has not elected to designate Saratoga Investment Advisors as the valuation designee, the Company has established policies and procedures in compliance with the applicable requirements of Rule 2a-5 and Rule 31a-4.
Derivative Financial Instruments	Derivative Financial Instruments The Company accounts for derivative financial instruments in accordance with FASB ASC Topic 815, Derivatives and Hedging
Investment Transactions and Income Recognition	Investment Transactions and Income Recognition Purchases and sales of investments and the related realized gains or losses are recorded on a trade-date basis. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis to the extent that such amounts are expected to be collected. The Company stops accruing interest on its investments when it is determined that interest is no longer collectible. Discounts and premiums on investments purchased are accreted/amortized using the effective yield method. The amortized cost of investments represents the original cost adjusted for the accretion of discounts over the life of the investment and amortization of premiums on investments up to the earliest call date. Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected. Accrued interest is generally reserved when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as a reduction in principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although we may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection. At November 30, 2023, our investment in three portfolio companies were on non-accrual status with a fair value of approximately $29.2 million, or 2.6% of the fair value of our portfolio. At February 28, 2023, our investment in one portfolio company was on non-accrual status with a fair value of approximately $9.8 million, or 1.0% of the fair value of our portfolio. Interest income on our investment in Saratoga CLO is recorded using the effective interest method in accordance with the provisions of ASC Topic 325-40, Investments-Other, Beneficial Interests in Securitized Financial Assets
Payment-in-Kind Interest	Payment-in-Kind Interest The Company holds debt and preferred equity investments in its portfolio that contain a payment-in-kind (“PIK”) interest provision. The PIK interest, which represents contractually deferred interest added to the investment balance that is generally due at maturity, is generally recorded on an accrual basis to the extent such amounts are expected to be collected. The Company stops accruing PIK interest if it is expected that the issuer will not be able to pay all principal and interest when due. The Company restores to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current, although we may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection.
Dividend Income	Dividend Income Dividend income is recorded in the consolidated statements of operations when earned.
Structuring and Advisory Fee Income	Structuring and Advisory Fee Income Structuring and advisory fee income represents various fee income earned and received for performing certain investment structuring and advisory activities during the closing of new investments.
Other Income	Other Income Other income includes prepayment income fees, and monitoring, administration, redemption and amendment fees and is recorded in the consolidated statements of operations when earned.
Deferred Debt Financing Costs	Deferred Debt Financing Costs Financing costs incurred in connection with our credit facility and notes are deferred and amortized using the straight-line method over the life of the respective facility and debt securities. Financing costs incurred in connection with the SBA debentures of SBIC LP, SBIC II LP, and SBIC III LP are deferred and amortized using the straight-line method over the life of the debentures. Any discount or premium on the issuance of any debt is accreted and amortized using the effective interest method over the life of the respective debt security. The Company presents deferred debt financing costs on the balance sheet as a contra-liability, which is a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.
Realized Loss on Extinguishment of Debt	Realized Loss on Extinguishment of Debt Upon the repayment of debt obligations that are deemed to be extinguishments, the difference between the principal amount due at maturity adjusted for any unamortized debt issuance costs is recognized as a loss (i.e., the unamortized debt issuance costs are recognized as a loss upon extinguishment of the underlying debt obligation).
Contingencies	Contingencies In the ordinary course of business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company. Based on its history and experience, management reasonably believes that the likelihood of such an event is remote. Therefore, the Company has not accrued any liabilities in connection with such indemnifications. In the ordinary course of business, the Company may directly or indirectly be a defendant or plaintiff in legal actions with respect to bankruptcy, insolvency or other types of proceedings. Such lawsuits may involve claims that could adversely affect the value of certain financial instruments owned by the Company.
Income Taxes	Income Taxes The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a RIC under Subchapter M of the Code. By meeting these requirements, the Company will not be subject to U.S. federal income tax on ordinary income or capital gains timely distributed to stockholders. Therefore, no provision has been recorded for federal income taxes, except as related to the Taxable Blockers (as defined below) and long-term capital gains, when applicable. In order to qualify as a RIC, among other requirements, the Company generally is required to timely distribute to its stockholders at least 90% of its “investment company taxable income”, as defined by the Code, for each fiscal tax year. The Company will be subject to U.S. federal income tax at corporate rates on its investment company taxable income and net capital gains that it does not timely distribute to shareholders. The Company will be subject to a nondeductible U.S. federal excise tax of 4% on undistributed income if it does not distribute at least (1) 98% of its net ordinary income in any calendar year, (2) 98.2% of its capital gain net income for each one-year period ending on October 31and (3) any net ordinary income and capital gain net income that it recognized for preceding years, but were not distributed during such year, and on which the Company paid no U.S federal income tax. Depending on the level of investment company taxable income earned in a tax year and the amount of net capital gains recognized in such tax year, the Company may choose to carry forward investment company taxable income and net capital gains in excess of current year dividend distributions into the next tax year and pay U.S. federal income tax, and possibly the 4.0% U.S. federal excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual investment company taxable income will be in excess of estimated current year dividend distributions for U.S. federal excise tax purposes, the Company accrues the U.S. federal excise tax, if any, on estimated excess taxable income as taxable income is earned. In accordance with U.S. Treasury regulations and published guidance issued by the Internal Revenue Service (“IRS”), a publicly offered RIC may treat a distribution of its own stock as counting toward its RIC distribution requirements if each stockholder may elect to receive his, her, or its entire distribution in either cash or stock of the RIC. This published guidance indicates that the rule will apply where the aggregate amount of cash to be distributed to all stockholders is not at least 20.0% of the aggregate declared distribution. Under the published guidance, if too many stockholders elect to receive cash, the cash available for distribution must be allocated among the stockholders electing to receive cash (with the balance of the distribution paid in stock). In no event will any stockholder, electing to receive cash, receive less than 20.0% of his or her entire distribution in cash. If these and certain other requirements are met, for U.S. federal income tax purposes, the amount of the dividend paid in stock will be equal to the amount of cash that could have been received instead of stock. The Company may utilize wholly owned holding companies taxed under Subchapter C of the Code or tax blockers, when making equity investments in portfolio companies taxed as pass-through entities to meet its source-of-income requirements as a RIC (“Taxable Blockers”). Taxable Blockers are consolidated in the Company’s U.S. GAAP financial statements and may result in current and deferred federal and state income tax expense with respect to income derived from those investments. Such income, net of applicable income taxes, is not included in the Company’s tax-basis net investment income until distributed by the Taxable Blocker, which may result in timing and character differences between the Company’s U.S. GAAP and tax-basis net investment income and realized gains and losses. Income tax expense or benefit from Taxable Blockers related to net investment income are included in total operating expenses, while any expense or benefit related to federal or state income tax originated for capital gains and losses are included together with the applicable net realized or unrealized gain or loss line item. Deferred tax assets of the Taxable Blockers are reduced by a valuation allowance when, in the opinion of management, it is more-likely than-not that some portion or all of the deferred tax assets will not be realized. FASB ASC Topic 740, Income Taxes
Dividends	Dividends Dividends to common stockholders are recorded on the ex-dividend date. The amount to be paid out as a dividend is determined by the board of directors. Net realized capital gains, if any, are generally distributed at least annually, although we may decide to retain some or all of our net capital gains for reinvestment. We have adopted a dividend reinvestment plan (“DRIP”) that provides for reinvestment of our dividend distributions on behalf of our stockholders unless a stockholder elects to receive cash. As a result, if our board of directors authorizes, and we declare, a cash dividend, then our stockholders who have not “opted out” of the DRIP by the dividend record date will have their cash dividends automatically reinvested into additional shares of our common stock, rather than receiving the cash dividends. We have the option to satisfy the share requirements of the DRIP through the issuance of new shares of common stock or through open market purchases of common stock by the DRIP plan administrator.
Capital Gains Incentive Fee	Capital Gains Incentive Fee The Company records an expense accrual on the consolidated statements of operations relating to the capital gains incentive fee payable to the Manager, as recorded on the consolidated statements of assets and liabilities when the net realized and unrealized gain on its investments exceed all net realized and unrealized capital losses on its investments, as a capital gains incentive fee would be owed to the Manager if the Company were to liquidate its investment portfolio at such time. The actual incentive fee payable to the Manager related to capital gains will be determined and payable in arrears at the end of each fiscal year and only reflect those realized capital gains net of realized and unrealized losses for the period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (Topic 820) , . In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting
Risk Management	Risk Management In the ordinary course of its business, the Company manages a variety of risks, including market and credit risk. Market risk is the risk of potential adverse changes to the value of investments because of changes in market conditions such as interest rate movements and volatility in investment prices. Credit risk is the risk of default or non-performance by portfolio companies, equivalent to the investment’s carrying amount. The Company is also exposed to credit risk related to maintaining all of its cash and cash equivalents, including those in reserve accounts, at a major financial institution and credit risk related to any of its derivative counterparties. The Company has investments in lower rated and comparable quality unrated high yield bonds and bank loans. Investments in high yield investments are accompanied by a greater degree of credit risk. The risk of loss due to default by the issuer is significantly greater for holders of high yield securities, because such investments are generally unsecured and are often subordinated to other creditors of the issuer.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Nov. 30, 2023
Accounting Policies [Abstract]
Schedule of Reconciliation of Cash and Cash Equivalents and Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents and cash and cash equivalents, reserve accounts reported within the consolidated statements of assets and liabilities that sum to the total of the same such amounts shown in the consolidated statements of cash flows: November 30, February 28, Cash and cash equivalents $ 21,386,880 $ 65,746,494 Cash and cash equivalents, reserve accounts 25,639,619 30,329,779 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 47,026,499 $ 96,076,273

Investments (Tables)

Investments (Tables)	9 Months Ended
	Nov. 30, 2023
Investments [Abstract]
Schedule of Fair Value Measurements of Investments, by Major Class	The following table presents fair value measurements of investments, by major class, as of November 30, 2023 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 959,892 $ - $ 959,892 Second lien term loans - - 14,873 - 14,873 Unsecured term loans - - 17,619 - 17,619 Structured finance securities - - 29,387 - 29,387 Equity interests - - 84,476 7,792 92,268 Total $ - $ - $ 1,106,247 $ 7,792 $ 1,114,039 * The Company's equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy. Fair Value Measurements Valued Using Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 798,534 $ - $ 798,534 Second lien term loans - - 14,936 - 14,936 Unsecured term loans - - 20,661 - 20,661 Structured finance securities - - 41,362 - 41,362 Equity interests - - 83,990 13,107 97,097 Total $ - $ - $ 959,483 $ 13,107 $ 972,590 * The Company’s equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy.
Schedule of Reconciliation of the Beginning and Ending Balances for Investments	The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the nine months ended November 30, 2023 (dollars in thousands): First lien Second lien Unsecured Structured Equity Total Balance as of February 28, 2023 $ 798,534 $ 14,936 $ 20,661 $ 41,362 $ 83,990 $ 959,483 Payment-in-kind and other adjustments to cost 1,147 624 - (5,531 ) (293 ) (4,053 ) Net accretion of discount on investments 1,637 4 - - - 1,641 Net change in unrealized appreciation (depreciation) on investments (20,102 ) (691 ) 341 (6,444 ) (7,715 ) (34,611 ) Purchases 194,541 - - - 8,343 202,884 Sales and repayments (15,865 ) - (3,383 ) - - (19,248 ) Net realized gain (loss) from investments - - - - 151 151 Balance as of November 30, 2023 $ 959,892 $ 14,873 $ 17,619 $ 29,387 $ 84,476 $ 1,106,247 Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the period $ (20,033 ) $ (691 ) $ (5 ) $ (6,444 ) $ (7,792 ) $ (34,965 ) First lien Second lien Unsecured Structured Equity Total Balance as of February 28, 2022 $ 631,572 $ 44,386 $ 15,931 $ 38,030 $ 75,632 $ 805,551 Payment-in-kind and other adjustments to cost 244 90 - (2,159 ) 451 (1,374 ) Net accretion of discount on investments 1,262 (17 ) - - - 1,245 Net change in unrealized appreciation (depreciation) on investments (12,049 ) (663 ) 10 (8,219 ) 2,467 (18,454 ) Purchases 309,022 4,950 4,494 11,393 10,606 340,465 Sales and repayments (125,972 ) (24,966 ) - (145 ) (11,009 ) (162,092 ) Net realized gain (loss) from investments 163 - - - 7,203 7,366 Balance as of November 30, 2022 $ 804,242 $ 23,780 $ 20,435 $ 38,900 $ 85,350 $ 972,707 Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the period $ (12,318 ) $ (705 ) $ 10 $ (8,219 ) $ 15,042 $ (6,190 )
Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements of Assets	The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of November 30, 2023 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted Average* First lien term loans $ 959,892 Market Comparables Market Yield (%) 11.1% - 23.1% 13.2 % Revenue Multiples (x) 0.3x - 5.2x 3.8 x EBITDA Multiples (x) 5.0x – 15.0x 13.7 x Second lien term loans 14,873 Market Comparables Market Yield (%) 18.9% - 71.8% 53.2 % Revenue Multiples (x) 14.8x - 14.8x 14.8 x Unsecured term loans 17,619 Collateral Value Coverage Net Asset Value 100.0% 100.0 % Structured finance securities 29,387 Discounted Cash Flow Discount Rate (%) 12.0% - 22.0% 15.8 % Recovery Rate (%) 35.0% - 70.0% 70.0 % Prepayment Rate (%) 20.0% 20.0 % Equity interests 84,476 Enterprise Value Waterfall Revenue Multiples (x) 1.3x - 10.9x 6.4 x EBITDA Multiples (x) 0.3x - 28.6x 11.7 x Total $ 1,106,247 * The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input. Fair Value Valuation Technique Unobservable Input Range Weighted Average* First lien term loans $ 798,534 Market Comparables Market Yield (%) 10.5% - 23.1% 12.8 % Revenue Multiples (x) 4.1x 4.1 x EBITDA Multiples (x) 8.0x 8.0 x Second lien term loans 14,936 Market Comparables Market Yield (%) 15.6% - 61.8% 45.8 % Unsecured term loans 20,661 Market Comparables Market Yield (%) 10.0% - 28.8% 12.6 % Market Comparables Market Quote (%) 100.0% 100.0 % Collateral Valuae Coverage Net Asset Value (%) 100.0% 100.0 % Structured finance securities 41,362 Discounted Cash Flow Discount Rate (%) 12.0% - 22.0% 17.6 % Recovery Rate (%) 35.0% - 70.0% 70.0 % Prepayment Rate (%) 20.0% 20.0 % Equity interests 83,990 Enterprise Value Waterfall EBITDA Multiples (x) 5.5x - 28.6x 11.0 x Revenue Multiples (x) 1.3x - 11.2x 6.4 x Total $ 959,483 * The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input.
Schedule of Amortized Cost and Fair Value	The composition of our investments as of November 30, 2023 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Cost Investments at Fair Value First lien term loans $ 989,922 86.3 % $ 959,892 86.2 % Second lien term loans 21,743 1.9 14,873 1.3 Unsecured term loans 17,619 1.5 17,619 1.6 Structured finance securities 44,180 3.8 29,387 2.6 Equity interests 74,400 6.5 92,268 8.3 Total $ 1,147,864 100.0 % $ 1,114,039 100.0 % Investments at Amortized Cost Investments at Fair Value First lien term loans $ 808,464 83.7 % $ 798,534 82.1 % Second lien term loans 21,114 2.2 14,936 1.5 Unsecured term loans 21,001 2.2 20,661 2.1 Structured finance securities 49,711 5.1 41,362 4.3 Equity interests 66,199 6.8 97,097 10.0 Total $ 966,489 100.0 % $ 972,590 100.0 %
Schedule of Statements of Assets and Liabilities	Below is certain financial information from the separate financial statements of Saratoga CLO as of November 30, 2023 (unaudited) and February 28, 2023 and for the three and nine months ended November 30, 2023 (unaudited) and November 30, 2022 (unaudited). November 30, February 28, (unaudited) ASSETS Investments at fair value Loans at fair value (amortized cost of $631,773,703 and $645,599,001, respectively) $ 594,703,611 $ 605,954,468 Equities at fair value (amortized cost of $615,405 and $0, respectively) 743,239 - Total investments at fair value (amortized cost of $632,389,108 and $645,599,001, respectively) 595,446,850 605,954,468 Cash and cash equivalents 13,681,256 23,776,950 Receivable from open trades 6,147,032 1,827,460 Interest receivable (net of reserve of $791,292 and $234,690, respectively) 3,566,370 3,026,720 Due from affiliate (See Note 7) 15,528 119,150 Prepaid expenses and other assets 72,050 152,760 Total assets $ 618,929,086 $ 634,857,508 LIABILITIES Interest payable $ 5,495,223 $ 4,662,695 Payable from open trades 8,413,799 23,184,337 Accrued base management fee 72,806 72,762 Accrued subordinated management fee 291,226 291,047 Accounts payable and accrued expenses 79,241 82,565 Saratoga Investment Corp. CLO 2013-1, Ltd. Notes: Class A-1-R-3 Senior Secured Floating Rate Notes 357,500,000 357,500,000 Class A-2-R-3 Senior Secured Floating Rate Notes 65,000,000 65,000,000 Class B-FL-R-3 Senior Secured Floating Rate Notes 60,500,000 60,500,000 Class B-FXD-R-3 Senior Secured Fixed Rate Notes 11,000,000 11,000,000 Class C-FL-R-3 Deferrable Mezzanine Floating Rate Notes 26,000,000 26,000,000 Class C-FXD-R-3 Deferrable Mezzanine Fixed Rate Notes 6,500,000 6,500,000 Class D-R-3 Deferrable Mezzanine Floating Rate Notes 39,000,000 39,000,000 Discount on Class D-R-3 Notes (226,101 ) (244,234 ) Class E-R-3 Deferrable Mezzanine Floating Rate Notes 27,625,000 27,625,000 Discount on Class E-R-3 Notes (2,348,935 ) (2,537,315 ) Class F-1-R-3 Notes Deferrable Junior Floating Rate Notes 8,500,000 8,500,000 Class F-2-R-3 Notes Deferrable Junior Floating Rate Notes 9,375,000 9,375,000 Deferred debt financing costs (1,754,687 ) (1,897,076 ) Subordinated Notes 111,000,000 111,000,000 Discount on Subordinated Notes (37,150,912 ) (40,130,353 ) Total liabilities 694,871,660 705,484,428 NET ASSETS Ordinary equity, par value $1.00, 250 ordinary shares authorized, 250 and 250 common shares issued and outstanding, respectively 250 250 Total distributable earnings (loss) (75,942,824 ) (70,627,170 ) Total net deficit (75,942,574 ) (70,626,920 ) Total liabilities and net assets $ 618,929,086 $ 634,857,508
Schedule of Statements of Operations (unaudited)	For the three months ended For the nine months ended November 30, November 30, November 30, November 30, INVESTMENT INCOME Total interest from investments $ 15,599,943 $ 11,753,670 $ 46,240,246 $ 29,075,284 Interest from cash and cash equivalents 139,759 13,215 480,995 19,320 Other income 286,607 26,224 756,831 141,828 Total investment income 16,026,309 11,793,109 47,478,072 29,236,432 EXPENSES Interest and debt financing expenses 14,644,320 10,177,731 43,349,057 26,287,544 Base management fee 163,985 163,651 490,793 490,249 Subordinated management fee 655,943 654,604 1,963,174 1,960,994 Professional fees 87,540 53,254 260,431 263,647 Trustee expenses 64,554 64,579 193,588 197,407 Other expense 50,330 93,097 190,215 244,402 Total expenses 15,666,672 11,206,916 46,447,258 29,444,243 NET INVESTMENT INCOME (LOSS) 359,637 586,193 1,030,814 (207,811 ) REALIZED AND UNREALIZED LOSS ON INVESTMENTS Net realized loss from investments (6,298,909 ) (532,640 ) (9,048,743 ) (1,599,841 ) Net change in unrealized depreciation on investments (313,230 ) (10,640,315 ) 2,702,275 (36,866,766 ) Net realized and unrealized gain (loss) on investments (6,612,139 ) (11,172,955 ) (6,346,468 ) (38,466,607 ) NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (6,252,502 ) $ (10,586,762 ) $ (5,315,654 ) $ (38,674,418 )
Schedule of Investments Cash and Cash Equivalents	Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Altisource Solutions S.a r.l. Banking, Finance, Insurance & Real Estate Common Stock Equity 15,981 $ - $ 68,239 Envision Parent Inc Healthcare & Pharmaceuticals Common Stock Equity 4,410 175,000 175,000 Envision Parent Inc Healthcare & Pharmaceuticals Warrants Equity 92,837 - - Isagenix International, LLC Beverage, Food & Tobacco Common Stock Equity 86,398 - - URS TOPCO LLC Transportation: Cargo Common Stock Equity 25,330 440,405 500,000 19TH HOLDINGS GOLF, LLC Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 8.68 % 2/7/2029 $ 2,479,925 2,386,376 2,349,729 888 Acquisitions Limited Hotel, Gaming & Leisure Term Loan B Loan 6M USD SOFR+ 5.25 % 0.00 % 10.82 % 7/8/2028 2,478,261 2,165,072 2,378,684 Adtalem Global Education Inc. Services: Business Term Loan B (02/21) Loan 1M USD SOFR+ 4.00 % 0.75 % 9.46 % 8/11/2028 691,846 686,981 691,127 Aegis Sciences Corporation Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 1.00 % 11.13 % 5/9/2025 2,318,678 2,313,318 2,188,252 Agiliti Health Inc. Healthcare & Pharmaceuticals Term Loan B (03/23) Loan 3M USD SOFR+ 3.00 % 0.00 % 8.39 % 5/1/2030 1,678,901 1,666,684 1,665,268 AHEAD DB Holdings, LLC Services: Business Term Loan (04/21) Loan 3M USD SOFR+ 3.75 % 0.75 % 9.24 % 10/18/2027 2,932,500 2,860,328 2,896,899 Air Canada Transportation: Consumer Term Loan B (07/21) Loan 3M USD SOFR+ 3.50 % 0.75 % 9.14 % 8/11/2028 1,975,000 1,852,793 1,971,129 AIS HoldCo, LLC Services: Business Term Loan Loan 3M USD SOFR+ 5.00 % 0.00 % 10.64 % 8/15/2025 4,621,420 4,559,512 4,436,563 AIT Worldwide Logistics Holdings, Inc. Transportation: Cargo Term Loan (04/21) Loan 1M USD SOFR+ 4.75 % 0.75 % 10.17 % 4/6/2028 2,481,013 2,334,057 2,415,266 Alchemy US Holdco 1, LLC Metals & Mining Term Loan Loan 1M USD LIBOR+ 7.32 % 0.00 % 7.42 % 10/10/2025 1,654,803 1,646,697 1,638,255 AlixPartners, LLP Banking, Finance, Insurance & Real Estate Term Loan B (01/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 2/4/2028 243,750 243,463 243,947 Alkermes, Inc. Healthcare & Pharmaceuticals Term Loan B (3/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.95 % 3/12/2026 2,109,987 2,099,641 2,096,800 Allen Media, LLC Media: Diversified & Production Term Loan (7/21) Loan 3M USD SOFR+ 5.50 % 0.00 % 11.04 % 2/10/2027 4,360,367 4,338,867 3,804,420 Alliant Holdings Intermediate, LLC Banking, Finance, Insurance & Real Estate Term Loan B4 Loan 1M USD LIBOR+ 3.50 % 0.50 % 8.96 % 11/5/2027 980,000 979,568 980,372 Allied Universal Holdco LLC Services: Business Term Loan 4/21 Loan 1M USD SOFR+ 3.75 % 0.50 % 9.20 % 5/12/2028 1,960,000 1,953,189 1,907,727 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Altisource Solutions S.a r.l. Banking, Finance, Insurance & Real Estate Term Loan B (03/18) Loan 3M USD SOFR+ 5.00 % 1.00 % 10.49 % 4/30/2025 1,100,390 1,099,813 870,409 Altium Packaging LLC Containers, Packaging & Glass Term Loan (01/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 1/29/2028 487,500 485,997 484,521 American Axle & Manufacturing Inc. Automotive Term Loan (12/22) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.92 % 12/13/2029 490,000 476,804 488,927 American Greetings Corporation Media: Advertising, Printing & Publishing Term Loan (01/23) Loan 1M USD SOFR+ 6.00 % 1.00 % 11.35 % 4/5/2028 2,990,265 2,988,626 2,985,271 American Trailer World Corp Automotive Term Loan Loan 1M USD SOFR+ 3.75 % 0.75 % 9.17 % 3/3/2028 1,357,439 1,355,326 1,282,020 AmWINS Group, LLC Banking, Finance, Insurance & Real Estate Term Loan 2/21 Loan 1M USD SOFR+ 2.25 % 0.75 % 7.71 % 2/17/2028 1,945,026 1,928,224 1,941,661 Anastasia Parent LLC Consumer goods: Non-durable Term Loan Loan 3M USD SOFR+ 3.75 % 0.00 % 9.40 % 8/11/2025 950,000 948,542 626,525 Anchor Glass Container Corporation Containers, Packaging & Glass Term Loan (07/17) Loan 6M USD LIBOR+ 2.75 % 1.00 % 8.04 % 12/7/2023 466,406 466,399 377,789 Anchor Packaging, LLC Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 3.50 % 0.00 % 8.95 % 7/18/2026 1,964,425 1,942,201 1,934,468 ANI Pharmaceuticals, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 6.00 % 0.75 % 11.46 % 11/19/2027 2,947,500 2,906,490 2,936,447 AP Core Holdings II LLC High Tech Industries Term Loan B1 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.96 % 9/1/2027 1,800,000 1,781,280 1,760,994 AP Core Holdings II LLC High Tech Industries Term Loan B2 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.96 % 9/1/2027 500,000 494,807 487,915 APEX GROUP TREASURY LLC Banking, Finance, Insurance & Real Estate Term Loan Loan 3M USD SOFR+ 5.00 % 0.50 % 10.40 % 7/26/2028 496,250 468,286 495,630 APLP Holdings Limited Partnership Energy: Electricity Term Loan B (3/21) Loan 3M USD SOFR+ 3.75 % 1.00 % 9.24 % 5/14/2027 278,378 276,619 279,539 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.21 % 5/15/2026 2,916,244 2,896,013 2,821,466 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B1 (2/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.94 % 3/6/2028 975,000 968,360 936,000 AppLovin Corporation High Tech Industries Term Loan (10/21) Loan 1M USD SOFR+ 3.10 % 0.50 % 8.45 % 10/21/2028 1,477,500 1,474,732 1,476,673 AppLovin Corporation High Tech Industries Term Loan (08/23) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.45 % 8/15/2030 972,054 972,054 971,898 Aramark Services, Inc. Services: Consumer Term Loan B (4/21) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.96 % 4/1/2028 1,753,715 1,748,034 1,751,523 Aramark Services, Inc. Services: Consumer Term Loan Loan 1M USD SOFR+ 1.75 % 0.00 % 7.21 % 1/15/2027 2,331,250 2,289,490 2,323,977 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value ARC FALCON I INC. Chemicals, Plastics, & Rubber Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.95 % 9/23/2028 983,774 980,943 950,926 Arches Buyer Inc. Services: Consumer Term Loan B Loan 1M USD SOFR+ 3.25 % 0.50 % 8.70 % 12/6/2027 1,469,697 1,462,751 1,443,977 ARCIS GOLF LLC Services: Consumer Term Loan B Loan 1M USD SOFR+ 4.25 % 0.50 % 9.71 % 11/19/2028 497,980 493,142 498,189 Aretec Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 4.50 % 0.00 % 9.95 % 8/9/2030 2,649,358 2,633,197 2,605,829 Asplundh Tree Expert, LLC Services: Business Term Loan 2/21 Loan 1M USD SOFR+ 1.75 % 0.00 % 7.20 % 9/7/2027 970,000 967,259 971,620 AssuredPartners Capital, Inc. Banking, Finance, Insurance & Real Estate Term Loan B (2/20) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.96 % 2/12/2027 982,143 979,630 980,915 Assuredpartners Inc. Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 2/12/2027 492,500 491,781 492,195 Assuredpartners Inc. Banking, Finance, Insurance & Real Estate Incremental Term Loan (7/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 2/12/2027 977,500 977,500 976,689 ASTRO ONE ACQUISITION CORPORATION Consumer goods: Durable Term Loan Loan 3M USD LIBOR+ 5.50 % 0.75 % 11.23 % 9/15/2028 2,947,500 2,925,937 1,277,240 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B10 Loan 1M USD SOFR+ 4.00 % 0.00 % 9.45 % 8/19/2028 1,980,000 1,896,782 1,939,568 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B8 Loan 1M USD SOFR+ 3.25 % 0.00 % 8.71 % 12/18/2026 2,942,168 2,935,901 2,899,153 ATHENAHEALTH GROUP INC. Healthcare & Pharmaceuticals Term Loan B (2/22) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.60 % 2/15/2029 1,320,514 1,316,061 1,294,843 Avolon TLB Borrower 1 (US) LLC Capital Equipment Term Loan B6 Loan 1M USD SOFR+ 2.50 % 0.00 % 7.83 % 6/8/2028 997,500 944,250 998,637 Avolon TLB Borrower 1 (US) LLC Capital Equipment Term Loan B5 (7/21) Loan 1M USD SOFR+ 2.25 % 0.50 % 7.68 % 12/1/2027 486,250 483,209 486,362 Axalta Coating Systems US Holdings Chemicals, Plastics, & Rubber Term Loan B (08/23) Loan 3M USD SOFR+ 2.50 % 0.50 % 7.89 % 12/20/2029 920,194 912,118 921,629 AZURITY PHARMACEUTICALS, INC. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 6.62 % 0.75 % 12.08 % 9/20/2027 456,250 446,528 438,000 B&G Foods, Inc. Beverage, Food & Tobacco Term Loan Loan 1M USD SOFR+ 2.50 % 0.00 % 7.85 % 10/10/2026 556,042 553,602 544,921 B.C. Unlimited Liability Co (Burger King) Beverage, Food & Tobacco Term Loan B (09/23) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.60 % 9/12/2030 1,447,500 1,426,632 1,440,943 BAKELITE UK INTERMEDIATE LTD. Chemicals, Plastics, & Rubber Term Loan Loan 3M USD SOFR+ 4.00 % 0.50 % 9.54 % 5/29/2029 987,500 983,531 955,406 Baldwin Risk Partners, LLC Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 10/14/2027 1,965,074 1,950,504 1,956,880 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Barnes Group Inc. Aerospace & Defense Term Loan B Loan 1M USD SOFR+ 3.00 % 0.00 % 8.45 % 8/9/2030 250,000 248,176 249,438 Bausch Health Companies Inc. Healthcare & Pharmaceuticals Term Loan B (1/22) Loan 1M USD SOFR+ 5.25 % 0.50 % 10.69 % 2/1/2027 1,875,000 1,724,183 1,414,069 Belfor Holdings Inc. Services: Consumer Term Loan B-1 (11/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.10 % 10/25/2030 1,600,000 1,584,111 1,598,000 Belron Finance US LLC Automotive Term Loan B (3/21) Loan 3M USD SOFR+ 2.43 % 0.50 % 8.07 % 4/13/2028 1,950,000 1,937,133 1,949,025 Belron Finance US LLC Automotive Term Loan (04/23) Loan 3M USD SOFR+ 2.75 % 0.50 % 8.25 % 4/17/2029 249,375 248,202 249,624 Bengal Debt Merger Sub LLC Beverage, Food & Tobacco Term Loan Loan 3M USD SOFR+ 3.25 % 0.50 % 8.74 % 1/24/2029 1,975,000 1,974,221 1,846,941 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan (6/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 4/23/2026 1,453,957 1,447,944 1,421,242 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 7.71 % 4/23/2026 972,152 968,404 944,202 Blue Tree Holdings, Inc. Chemicals, Plastics, & Rubber Term Loan (2/21) Loan 3M USD SOFR+ 2.50 % 0.00 % 8.15 % 3/4/2028 975,000 973,497 960,785 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan B3 Loan 1M USD SOFR+ 2.75 % 0.50 % 8.10 % 12/13/2029 495,009 483,825 492,411 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan (1/20) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.45 % 5/24/2027 1,443,799 1,439,363 1,423,051 Boost Newco Borrower, LLC (Worldpay) Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.00 % 0.50 % 8.32 % 9/20/2030 500,000 497,500 499,375 Boxer Parent Company, Inc. High Tech Industries Term Loan (2/21) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.21 % 10/2/2025 512,255 512,255 512,070 BrightSpring Health Services (Phoenix Guarantor) Healthcare & Pharmaceuticals Term Loan B-3 Loan 1M USD SOFR+ 3.50 % 0.00 % 8.96 % 3/5/2026 975,000 975,000 973,840 BroadStreet Partners, Inc. Banking, Finance, Insurance & Real Estate Term Loan B3 Loan 1M USD SOFR+ 3.00 % 0.00 % 8.46 % 1/22/2027 2,926,045 2,922,815 2,918,729 Brookfield WEC Holdings Inc. Energy: Electricity Term Loan (1/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 8/1/2025 1,451,420 1,452,327 1,452,261 BROWN GROUP HOLDING, LLC Aerospace & Defense Term Loan B-2 Loan 3M USD SOFR+ 3.75 % 0.00 % 9.14 % 7/1/2029 495,000 484,548 495,040 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B2 Loan 1M USD SOFR+ 2.50 % 0.00 % 7.83 % 11/15/2030 333,333 332,721 333,250 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan (1/21) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.67 % 11/1/2026 1,601,929 1,595,092 1,602,058 BW Gas & Convenience Holdings LLC Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 3/31/2028 2,443,750 2,427,104 2,419,313 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Callaway Golf Company Retail Term Loan B Loan 1M USD SOFR+ 3.50 % 0.00 % 8.95 % 3/9/2030 497,500 492,717 495,948 Camping World, Inc. Retail Term Loan B (5/21) Loan 1M USD SOFR+ 2.50 % 0.75 % 7.96 % 6/5/2028 2,468,354 2,275,387 2,352,268 CAPSTONE BORROWER INC Services: Business Term Loan (06/23) Loan 3M USD SOFR+ 3.75 % 0.00 % 9.14 % 6/15/2030 1,000,000 985,743 993,130 CareerBuilder, LLC Services: Business Term Loan B3 Loan 3M USD SOFR+ 6.75 % 0.00 % 12.40 % 7/31/2026 4,035,492 4,015,117 706,211 Castle US Holding Corporation Media: Advertising, Printing & Publishing Term Loan B (USD) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.21 % 1/27/2027 1,950,825 1,943,262 1,362,730 CASTLELAKE AVIATION LLC Aerospace & Defense Term Loan B Loan 3M USD SOFR+ 2.75 % 0.50 % 8.42 % 10/21/2027 992,500 985,896 991,259 CBI BUYER, INC. Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 8.71 % 1/6/2028 2,947,273 2,811,619 1,224,769 CBL & Associates Limited Partnership Retail Term Loan 11/21 Loan 1M USD SOFR+ 2.75 % 1.00 % 8.18 % 11/1/2025 2,473,146 2,136,126 2,164,893 CCC Intelligent Solutions Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 2.25 % 0.50 % 7.71 % 9/16/2028 245,625 245,216 245,522 CCI Buyer, Inc Telecommunications Term Loan Loan 3M USD SOFR+ 4.00 % 0.75 % 9.39 % 12/17/2027 243,750 242,208 241,878 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 4.25 % 0.50 % 9.67 % 3/5/2028 992,500 949,779 930,469 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 3.75 % 0.75 % 9.21 % 3/5/2028 975,000 971,749 917,309 CCS-CMGC Holdings, Inc. Healthcare & Pharmaceuticals Term Loan Loan 6M USD SOFR+ 5.50 % 0.00 % 11.32 % 9/25/2025 2,381,250 2,373,889 1,998,393 CDK GLOBAL, INC. High Tech Industries Term Loan B (10/23) Loan 3M USD SOFR+ 4.00 % 0.00 % 9.41 % 7/6/2029 992,500 966,595 992,679 Cengage Learning, Inc. Media: Advertising, Printing & Publishing Term Loan B (6/21) Loan 3M USD SOFR+ 4.75 % 1.00 % 10.41 % 7/14/2026 2,940,000 2,923,619 2,935,237 CENTURI GROUP, INC. Construction & Building Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.96 % 8/27/2028 870,830 864,602 869,523 CenturyLink, Inc. Telecommunications Term Loan B (1/20) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.71 % 3/15/2027 3,850,497 3,847,375 2,302,058 Charlotte Buyer, Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 5.25 % 0.50 % 10.57 % 2/11/2028 1,488,750 1,403,657 1,486,472 Chemours Company, (The) Chemicals, Plastics, & Rubber Term Loan B2 Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 8/10/2028 2,399,716 2,359,528 2,368,232 Churchill Downs Incorporated Hotel, Gaming & Leisure Term Loan B1 (3/21) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.45 % 3/17/2028 487,500 486,756 486,077 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value CIMPRESS PUBLIC LIMITED COMPANY Media: Advertising, Printing & Publishing USD Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 5/17/2028 1,964,874 1,887,057 1,937,857 CITADEL SECURITIES LP Banking, Finance, Insurance & Real Estate Term Loan B (07/23) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.96 % 7/29/2030 4,875,281 4,874,298 4,872,649 Citco Funding LLC Banking, Finance, Insurance & Real Estate Term Loa 1st Lien Incremental Loan 3M USD SOFR+ 3.25 % 0.50 % 8.64 % 4/27/2028 1,000,000 995,042 1,001,250 Clarios Global LP Automotive Incremental Term Loan (04/23) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.10 % 5/5/2030 1,200,000 1,194,227 1,200,900 Claros Mortgage Trust, Inc Banking, Finance, Insurance & Real Estate Term Loan B-1 (11/21) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.94 % 8/9/2026 3,413,379 3,398,299 3,217,109 CLYDESDALE ACQUISITION HOLDINGS, INC. Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 4.18 % 0.50 % 9.62 % 4/13/2029 1,481,250 1,450,627 1,468,748 Columbus McKinnon Corporation Capital Equipment Term Loan (4/21) Loan 3M USD SOFR+ 2.75 % 0.50 % 8.42 % 5/14/2028 419,219 418,529 418,695 Conduent, Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 4.25 % 0.50 % 9.71 % 10/16/2028 2,769,376 2,705,272 2,702,440 Connect Finco SARL Telecommunications Term Loan (1/21) Loan 1M USD SOFR+ 3.50 % 1.00 % 8.85 % 12/11/2026 2,895,000 2,811,282 2,887,299 Consolidated Communications, Inc. Telecommunications Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.96 % 10/2/2027 2,714,005 2,544,699 2,492,352 CORAL-US CO-BORROWER LLC Telecommunications Term Loan B-5 Loan 1M USD SOFR+ 2.25 % 0.00 % 7.79 % 1/31/2028 4,000,000 3,990,261 3,941,520 Corelogic, Inc. Services: Business Term Loan (4/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 6/2/2028 2,450,000 2,441,541 2,295,356 Cortes NP Acquisition Corp (Vertiv) Capital Equipment Term Loan 2/21 Loan 1M USD SOFR+ 2.75 % 0.00 % 8.18 % 3/2/2027 1,945,000 1,945,000 1,946,712 Creative Artists Agency, LLC Media: Diversified & Production Term Loan B (02/23) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.85 % 11/27/2028 1,592,002 1,581,259 1,594,884 CROCS INC Consumer goods: Durable Term Loan B Loan 3M USD SOFR+ 3.00 % 0.00 % 8.54 % 2/19/2029 1,500,000 1,450,389 1,503,195 Cross Financial Corp Banking, Finance, Insurance & Real Estate Term Loan B (3/21) Loan 1M USD SOFR+ 4.00 % 0.75 % 9.46 % 9/15/2027 488,750 488,517 488,139 Crown Subsea Communications Holding, Inc. Construction & Building Term Loan (4/21) Loan 1M USD SOFR+ 5.00 % 0.75 % 10.43 % 4/27/2027 3,404,110 3,381,709 3,421,130 CSC Holdings LLC (Neptune Finco Corp.) Media: Broadcasting & Subscription Term Loan B-5 Loan 1M USD LIBOR+ 2.50 % 0.00 % 7.94 % 4/15/2027 481,250 481,250 449,743 CSC Holdings LLC (Neptune Finco Corp.) Media: Broadcasting & Subscription Term Loan 12/22 Loan 1M USD SOFR+ 4.50 % 0.00 % 9.82 % 4/15/2027 2,382,032 2,373,479 2,291,229 CTC Holdings, LP Banking, Finance, Insurance & Real Estate Term Loan B Loan 3M USD SOFR+ 5.00 % 0.50 % 10.52 % 2/15/2029 2,216,250 2,169,883 2,177,466 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value CTS Midco, LLC High Tech Industries Term Loan B Loan 3M USD SOFR+ 6.00 % 1.00 % 11.64 % 11/2/2027 1,941,421 1,905,431 1,727,864 Daseke Inc Transportation: Cargo Term Loan 2/21 Loan 1M USD SOFR+ 4.00 % 0.75 % 9.46 % 3/5/2028 1,200,000 1,196,089 1,186,128 Dave & Buster’s Inc. Hotel, Gaming & Leisure Term Loan (6/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.19 % 6/29/2029 990,019 947,653 989,860 DCert Buyer, Inc. High Tech Industries Term Loan Loan 1M USD SOFR+ 4.00 % 0.00 % 9.35 % 10/16/2026 1,458,438 1,458,438 1,439,712 Delek US Holdings, Inc. Utilities: Oil & Gas Term Loan B (11/22) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.95 % 11/16/2029 5,359,500 5,254,511 5,347,334 Delos Aircraft DAC Transportation: Consumer Term Loan B Loan 3M USD SOFR+ 2.00 % 0.00 % 7.39 % 10/14/2027 250,000 250,000 250,548 Delta 2 Lux Sarl Hotel, Gaming & Leisure Term Loan B Loan 1M USD SOFR+ 2.25 % 0.50 % 7.60 % 1/15/2030 2,000,000 1,991,065 2,000,620 Derby Buyer LLC Chemicals, Plastics, & Rubber Term Loan (09/23) Loan 1M USD SOFR+ 4.25 % 0.50 % 9.57 % 11/1/2030 625,000 615,729 622,394 DexKo Global, Inc. (Dragon Merger) Automotive Term Loan (9/21) Loan 3M USD SOFR+ 3.75 % 0.50 % 9.40 % 10/4/2028 985,000 982,036 965,073 DG Investment Intermediate Holdings 2, Inc. Aerospace & Defense Incremental Term Loan (3/22) Loan 1M USD SOFR+ 4.75 % 0.75 % 10.10 % 3/31/2028 495,000 478,051 491,287 Diamond Sports Group, LLC (a) Media: Broadcasting & Subscription Second Lien Term Loan Loan 1M USD SOFR+ 5.25 % 0.00 % 10.67 % 8/24/2026 3,374,880 3,089,287 71,716 Diamond Sports Group, LLC (a) Media: Broadcasting & Subscription 1st Priority Term Loan Loan 1M USD SOFR+ 10.00 % 1.00 % 15.42 % 5/25/2026 342,343 335,566 246,977 DIRECTV FINANCING, LLC Media: Broadcasting & Subscription Term Loan Loan 1M USD SOFR+ 5.00 % 0.75 % 10.46 % 8/2/2027 3,280,000 3,258,124 3,222,862 DISCOVERY PURCHASER CORPORATION Chemicals, Plastics, & Rubber Term Loan Loan 3M USD SOFR+ 4.38 % 0.50 % 9.77 % 10/4/2029 1,488,750 1,383,919 1,417,662 Dispatch Acquisition Holdings, LLC Environmental Industries Term Loan B (3/21) Loan 3M USD SOFR+ 4.25 % 0.75 % 9.79 % 3/25/2028 488,750 485,513 458,203 DOMTAR CORPORATION Forest Products & Paper Term Loan 9/21 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.96 % 11/30/2028 1,260,510 1,227,610 1,241,602 DOTDASH MEREDITH, INC. Media: Advertising, Printing & Publishing Term Loan B Loan 1M USD SOFR+ 4.00 % 0.50 % 9.42 % 11/30/2028 1,979,798 1,807,707 1,950,101 DRI HOLDING INC. Media: Advertising, Printing & Publishing Term Loan (12/21) Loan 1M USD SOFR+ 5.25 % 0.50 % 10.70 % 12/15/2028 3,942,469 3,813,846 3,587,646 DRW Holdings, LLC Banking, Finance, Insurance & Real Estate Term Loan (2/21) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.21 % 3/1/2028 6,370,000 6,336,957 6,351,400 DTZ U.S. Borrower, LLC Construction & Building Term Loan Loan 1M USD SOFR+ 2.75 % 0.00 % 8.21 % 8/21/2025 198,929 198,647 198,432 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value DTZ U.S. Borrower, LLC Construction & Building Term Loan (01/23) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.70 % 1/31/2030 2,029,327 2,026,514 1,963,374 DTZ U.S. Borrower, LLC Construction & Building Term Loan (08/23) Loan 1M USD SOFR+ 4.00 % 0.50 % 9.35 % 1/31/2030 1,100,000 1,073,252 1,075,250 EAB Global, Inc. Services: Business Term Loan (08/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.96 % 8/16/2028 982,500 979,067 976,566 Echo Global Logistics, Inc. Services: Business Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.95 % 11/23/2028 1,970,000 1,966,879 1,851,091 Edelman Financial Group Inc., The Banking, Finance, Insurance & Real Estate Term Loan B (3/21) Loan 1M USD SOFR+ 3.50 % 0.75 % 8.96 % 4/7/2028 2,171,883 2,166,634 2,147,949 Electrical Components Inter., Inc. Capital Equipment Term Loan (6/18) Loan 3M USD SOFR+ 4.25 % 0.00 % 9.74 % 6/26/2025 1,873,417 1,873,417 1,844,154 ELECTRON BIDCO INC. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 3.00 % 0.50 % 8.46 % 11/1/2028 492,500 490,840 491,953 ELO Touch Solutions, Inc. Media: Diversified & Production Term Loan (12/18) Loan 1M USD SOFR+ 6.50 % 0.00 % 11.96 % 12/14/2025 1,966,935 1,929,446 1,911,625 Embecta Corp Healthcare & Pharmaceuticals Term Loan B Loan 6M USD SOFR+ 3.00 % 0.50 % 8.34 % 3/30/2029 2,605,208 2,587,637 2,547,685 Emerson Climate Technologies Inc Services: Business Term Loan B (04/23) Loan 1M USD SOFR+ 3.00 % 0.00 % 8.35 % 5/31/2030 626,147 620,209 626,422 Endo Luxembourg Finance Company I S.a.r.l. Healthcare & Pharmaceuticals Term Loan (3/21) Loan Prime 6.00 % 0.75 % 14.50 % 3/27/2028 2,335,285 2,329,778 1,500,421 Endure Digital, Inc. High Tech Industries Term Loan B Loan 6M USD SOFR+ 3.50 % 0.75 % 9.42 % 2/10/2028 2,443,750 2,435,835 2,351,670 Entain Holdings (Gibraltar) Limited Hotel, Gaming & Leisure Term Loan B (10/22) Loan 3M USD SOFR+ 3.50 % 0.50 % 8.99 % 10/30/2029 1,491,248 1,475,263 1,492,486 EOS U.S. FINCO LLC Transportation: Cargo Term Loan Loan 3M USD SOFR+ 5.75 % 0.50 % 11.16 % 10/6/2029 981,250 911,874 899,482 Equiniti Group PLC Services: Business Term Loan B Loan 6M USD SOFR+ 4.50 % 0.50 % 10.09 % 12/11/2028 982,500 975,049 983,119 Evertec Group LLC Banking, Finance, Insurance & Real Estate Term Loan B (09/23) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 10/12/2030 1,250,000 1,231,250 1,246,875 EyeCare Partners, LLC Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 3.75 % 0.00 % 9.39 % 2/18/2027 1,933,172 1,933,172 999,972 Finco I LLC Banking, Finance, Insurance & Real Estate Term Loan B (08/23) Loan 3M USD SOFR+ 3.00 % 0.00 % 8.38 % 6/27/2029 2,823,872 2,820,834 2,826,216 First Brands Group, LLC Automotive 1st Lien Term Loan (3/21) Loan 6M USD SOFR+ 5.00 % 1.00 % 10.88 % 3/30/2027 4,875,000 4,825,909 4,788,469 First Eagle Investment Management Banking, Finance, Insurance & Real Estate Refinancing Term Loan Loan 3M USD SOFR+ 2.50 % 0.00 % 7.99 % 2/1/2027 5,105,275 5,095,245 5,061,268 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Date Principal/ Cost Fair Value First Student Bidco Inc. Transportation: Consumer Term Loan B Loan 3M USD SOFR+ 3.00 % 0.50 % 8.65 % 7/21/2028 717,321 713,586 705,069 First Student Bidco Inc. Transportation: Consumer Term Loan C Loan 3M USD SOFR+ 3.00 % 0.50 % 8.65 % 7/21/2028 269,608 268,194 265,003 Fitness International, LLC (LA Fitness) Services: Consumer Term Loan B (4/18) Loan 1M USD SOFR+ 3.25 % 1.00 % 8.70 % 4/18/2025 1,330,058 1,327,769 1,319,844 Flutter Financing B.V. Hotel, Gaming & Leisure Term Loan B (11/23) Loan 1M USD SOFR+ 2.25 % 0.50 % 7.57 % 11/10/2030 3,000,000 2,992,500 2,985,000 Flutter Financing B.V. Hotel, Gaming & Leisure Third Amendment 2028-B Term Loan Loan 3M USD SOFR+ 3.25 % 0.50 % 8.90 % 7/21/2028 311,641 305,724 311,747 FOCUS FINANCIAL PARTNERS, LLC Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.25 % 0.50 % 8.60 % 6/30/2028 1,476,115 1,461,210 1,475,008 Franchise Group, Inc. Services: Consumer First Out Term Loan Loan 3M USD SOFR+ 4.75 % 0.75 % 10.44 % 3/10/2026 799,104 794,937 594,533 Franchise Group, Inc. Services: Consumer Term Loan B Loan 3M USD SOFR+ 4.75 % 0.75 % 10.39 % 3/10/2026 2,985,000 2,870,120 2,238,750 Franklin Square Holdings, L.P. Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 2.25 % 0.00 % 7.70 % 8/1/2025 4,274,975 4,265,372 4,274,975 Froneri International (R&R Ice Cream) Beverage, Food & Tobacco Term Loan B-2 Loan 1M USD SOFR+ 2.25 % 0.00 % 7.70 % 1/29/2027 1,935,000 1,933,409 1,934,013 Garrett LX III S.a r.l. Automotive Dollar Term Loan Loan 3M USD SOFR+ 3.25 % 0.50 % 8.89 % 4/30/2028 1,470,000 1,465,230 1,468,163 Gemini HDPE LLC Chemicals, Plastics, & Rubber Term Loan B (12/20) Loan 3M USD SOFR+ 3.00 % 0.50 % 8.64 % 12/31/2027 2,210,434 2,199,038 2,198,918 Genesee & Wyoming, Inc. Transportation: Cargo Term Loan (11/19) Loan 3M USD SOFR+ 2.00 % 0.00 % 7.49 % 12/30/2026 1,447,500 1,444,152 1,447,876 GGP Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.50 % 0.00 % 7.95 % 8/27/2025 2,813,716 2,599,873 2,793,120 GIP Pilot Acquisition Partners, L.P. Energy: Oil & Gas Term Loan Loan 3M USD SOFR+ 3.00 % 0.00 % 8.39 % 10/4/2030 500,000 497,500 498,750 Global Tel*Link Corporation Telecommunications Term Loan B Loan 3M USD SOFR+ 4.25 % 0.00 % 9.78 % 11/29/2025 4,859,368 4,750,849 4,666,353 Go Daddy Operating Company, LLC High Tech Industries Term Loan 2/21 Loan 1M USD SOFR+ 2.00 % 0.00 % 7.46 % 8/10/2027 949,865 949,865 949,865 GOLDEN WEST PACKAGING GROUP LLC Forest Products & Paper Term Loan (11/21) Loan 1M USD SOFR+ 5.25 % 0.75 % 10.71 % 12/1/2027 1,900,000 1,886,250 1,691,000 Graham Packaging Co Inc Containers, Packaging & Glass Term Loan (2/21) Loan 1M USD SOFR+ 3.00 % 0.75 % 8.46 % 8/7/2027 945,831 941,791 943,012 Great Outdoors Group, LLC Retail Term Loan B2 Loan 3M USD SOFR+ 3.75 % 0.75 % 9.40 % 3/6/2028 972,650 969,503 963,449 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value Griffon Corporation Consumer goods: Durable Term Loan B Loan 3M USD SOFR+ 2.25 % 0.50 % 7.79 % 1/24/2029 144,688 144,458 144,507 Grosvenor Capital Management Holdings, LLLP Banking, Finance, Insurance & Real Estate Amendment 5 Term Loan Loan 1M USD SOFR+ 2.50 % 0.50 % 7.96 % 2/24/2028 2,815,150 2,813,659 2,817,796 Groupe Solmax Inc. Environmental Industries Term Loan (6/21) Loan 3M USD SOFR+ 4.75 % 0.75 % 10.40 % 5/27/2028 2,479,747 2,115,899 2,289,773 GYP HOLDINGS III CORP. Construction & Building 2023 Refinancing Term Loans Loan 1M USD SOFR+ 3.00 % 0.00 % 8.35 % 4/25/2030 250,000 248,786 250,625 Harbor Freight Tools USA, Inc. Retail Term Loan B (06/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 10/19/2027 3,344,665 3,329,534 3,317,941 Helix Gen Funding, LLc Energy: Electricity Term Loan Loan 1M USD SOFR+ 4.75 % 1.00 % 10.10 % 12/31/2027 991,574 972,966 992,447 Hertz Corporation (The) Transportation: Consumer Term Loan B Loan 1M USD SOFR+ 3.75 % 0.00 % 9.08 % 6/30/2028 500,000 490,016 493,750 Hillman Group Inc. (The) (New) Consumer goods: Durable Term Loan B-1 (2/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 7/14/2028 3,181,350 3,177,383 3,176,865 Hilton Domestic Operating Company Inc. Hotel, Gaming & Leisure Term Loan B 4 Loan 1M USD SOFR+ 2.00 % 0.00 % 7.44 % 11/8/2030 1,500,000 1,496,277 1,500,810 Hilton Grand Vacations Borrower LLC Hotel, Gaming & Leisure Term Loan (3/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.21 % 8/2/2028 498,728 498,728 498,104 Hilton Grand Vacations Borrower LLC Hotel, Gaming & Leisure Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.18 % 8/2/2028 500,000 500,000 499,375 HLF Financing SARL (Herbalife) Consumer goods: Non-durable Term Loan B (08/18) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.96 % 8/18/2025 3,480,000 3,475,798 3,455,849 Holley Purchaser, Inc Automotive Term Loan (11/21) Loan 3M USD SOFR+ 3.75 % 0.75 % 9.40 % 11/17/2028 2,260,252 2,253,200 2,136,888 Howden Group Holdings Banking, Finance, Insurance & Real Estate Term Loan (1/21) Loan 1M USD LIBOR+ 3.25 % 0.75 % 8.75 % 11/12/2027 2,135,720 2,128,773 2,131,812 Hudson River Trading LLC Banking, Finance, Insurance & Real Estate Term Loan (3/21) Loan 1M USD SOFR+ 3.00 % 0.00 % 8.46 % 3/17/2028 5,850,000 5,811,835 5,801,796 Hunter Douglas Inc Consumer goods: Durable Term Loan B-1 Loan 3M USD SOFR+ 3.50 % 0.50 % 8.88 % 2/26/2029 1,979,950 1,737,158 1,909,582 Idera, Inc. High Tech Industries Term Loan (02/21) Loan 3M USD SOFR+ 3.75 % 0.75 % 9.28 % 3/2/2028 4,774,385 4,767,842 4,714,705 IMA Financial Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan (11/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.19 % 11/1/2028 500,000 497,500 498,750 IMA Financial Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan (10/21) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.21 % 11/1/2028 1,965,000 1,957,998 1,960,088 INDY US BIDCO, LLC Services: Business Term Loan (11/21) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.10 % 3/6/2028 2,198,875 2,198,096 2,112,305 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate Maturity Date Principal/ Cost Fair Value INEOS 226 Ltd. Chemicals, Plastics, & Rubber Term Loan 3/23 Loan 1M USD SOFR+ 3.75 % 0.00 % 9.20 % 3/13/2030 498,750 493,951 481,917 Ineos US Finance LLC Chemicals, Plastics, & Rubber Term Loan C Loan 1M USD SOFR+ 3.50 % 0.00 % 8.95 % 2/9/2030 997,500 987,946 987,994 INEOS US PETROCHEM LLC Chemicals, Plastics, & Rubber Term Loan B Loan 1M USD SOFR+ 4.25 % 0.00 % 9.70 % 4/3/2029 2,464,874 2,410,868 2,394,009 Informatica Inc. High Tech Industries Term Loan B (10/21) Loan 1M USD SOFR+ 2.75 % 0.00 % 8.21 % 10/27/2028 492,500 492,222 490,776 Ingram Micro Inc. Wholesale Term Loan (09/23) Loan 3M USD SOFR+ 3.00 % 0.50 % 8.65 % 6/30/2028 1,095,000 1,087,159 1,092,263 Inmar, Inc. Services: Business Term Loan (06/23) Loan 1M USD SOFR+ 5.50 % 1.00 % 10.85 % 5/1/2026 3,341,625 3,239,173 3,249,730 Innophos, Inc. Chemicals, Plastics, & Rubber Term Loan B Loan 1M USD SOFR+ 3.25 % 0.00 % 8.71 % 2/4/2027 482,500 481,433 472,729 INSTANT BRANDS HOLDINGS INC. (a) Consumer goods: Durable Term Loan 4/21 Loan Prime 4.00 % 0.75 % 14.50 % 4/7/2028 3,942,576 3,928,417 285,009 INSTANT BRANDS HOLDINGS INC. (a) Consumer goods: Durable PIK DIP Term Loan Loan 1M USD SOFR+ 10.00 % 1.00 % 15.46 % 12/12/2023 1,505,449 1,447,846 1,543,085 IRB Holding Corporation Beverage, Food & Tobacco Term Loan B (1/22) Loan 1M USD SOFR+ 3.00 % 0.75 % 8.45 % 12/15/2027 496,221 491,846 495,219 Isagenix International, LLC Beverage, Food & Tobacco Term Loan Loan 6M USD SOFR+ 2.50 % 0.00 % 8.04 % 4/13/2028 1,231,904 797,368 1,047,119 Isolved Inc. Services: Business Term Loan Loan 6M USD SOFR+ 4.00 % 0.50 % 9.48 % 10/5/2030 625,000 618,832 624,219 Jane Street Group Banking, Finance, Insurance & Real Estate Term Loan (1/21) Loan 1M USD SOFR+ 2.75 % 0.00 % 8.21 % 1/31/2028 3,890,000 3,888,510 3,890,739 Journey Personal Care Corp. Consumer goods: Non-durable Term Loan B Loan 6M USD LIBOR+ 4.25 % 0.75 % 9.98 % 3/1/2028 977,500 974,155 941,333 JP Intermediate B, LLC Consumer goods: Non-durable Term Loan 7/23 Loan 3M USD SOFR+ 5.50 % 1.00 % 11.14 % 11/20/2027 3,456,884 3,441,879 622,239 Kleopatra Finco S.a r.l. Containers, Packaging & Glass Term Loan (1/21) (USD) Loan 6M USD SOFR+ 4.73 % 0.50 % 10.48 % 2/12/2026 1,462,500 1,459,970 1,346,421 Kodiak BP, LLC Construction & Building Term Loan Loan 3M USD SOFR+ 3.25 % 0.75 % 8.90 % 3/13/2028 487,430 486,463 484,788 Koppers Inc Chemicals, Plastics, & Rubber Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.93 % 4/10/2030 997,500 969,191 999,994 KREF Holdings X LLC Banking, Finance, Insurance & Real Estate Term Loan (11/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.94 % 9/1/2027 487,566 480,274 477,814 Lakeland Tours, LLC Hotel, Gaming & Leisure Holdco Fixed Term Loan Loan - 0.00 % 0.00 % 8.00 % 9/27/2027 1,127,568 554,262 834,400 Issuer Name Ind

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Nov. 30, 2023
Income Taxes [Abstract]
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities, and related valuation allowance as of November 30, 2023 and February 28, 2023 were as follows: November 30, February 28, Total deferred tax assets $ 2,382,032 $ 2,542,373 Total deferred tax liabilities (3,586,522 ) (3,008,829 ) Valuation allowance on net deferred tax assets (2,217,816 ) (2,350,116 ) Net deferred tax liability $ (3,422,306 ) $ (2,816,572 )
Schedule of Federal and State Income Tax Provisions Benefit	Federal and state income tax (provisions) benefit on investments for three and nine months ended November 30, 2023 and November 30, 2022: For the three months ended For the nine months ended November 30, November 30, November 30, November 30, Current Federal $ - $ (255,959 ) $ - $ (473,475 ) State - (158,721 ) (80,273 ) Net current expense - (414,680 ) - (553,748 ) Deferred Federal 699,986 460,531 661,245 844,727 State (64,192 ) (29,901 ) (55,512 ) 45,917 Net deferred expense 635,794 430,629 605,733 890,645 Net tax provision $ 635,794 $ 15,949 $ 605,733 $ 336,896

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Nov. 30, 2023
Borrowings Abstract
Schedule of Credit Facility	During the nine months ended November 30, 2023 and November 30, 2022 the average dollar amount of 8.50% 2028 Notes outstanding was $47.8 million and $0.0 million respectively. Class and Year (1)(2) Total Amount (3) Asset (4 Involuntary (5 Average (6) (in thousands) Credit Facility with Encina Lender Finance, LLC Fiscal year 2024 (as of November 30, 2023) $ 35,000 $ 1,593 - N/A Fiscal year 2023 (as of February 28, 2023) $ 32,500 $ 1,659 - N/A Fiscal yaer 2022 (as of February 28, 2022) $ 12,500 $ 2,093 - N/A Credit Facility with Madison Capital Funding (14) Fiscal year 2021 (as of February 28, 2021) $ - $ 3,471 - N/A Fiscal year 2020 (as of February 29, 2020) $ - $ 6,071 - N/A Fiscal year 2019 (as of February 28, 2019) $ - $ 2,345 - N/A Fiscal year 2018 (as of February 28, 2018) $ - $ 2,930 - N/A Fiscal year 2017 (as of February 28, 2017) $ - $ 2,710 - N/A Fiscal year 2016 (as of February 29, 2016) $ - $ 3,025 - N/A Fiscal year 2015 (as of February 28, 2015) $ 9,600 $ 3,117 - N/A Fiscal year 2014 (as of February 28, 2014) $ - $ 3,348 - N/A Fiscal year 2013 (as of February 28, 2013) $ 24,300 $ 5,421 - N/A Fiscal year 2012 (as of February 29, 2012) $ 20,000 $ 5,834 - N/A Fiscal year 2011 (as of February 28, 2011) $ 4,500 $ 20,077 - N/A Fiscal year 2010 (as of February 28, 2010) $ - $ - - N/A Fiscal year 2009 (as of February 28, 2009) $ - $ - - N/A Fiscal year 2008 (as of February 29, 2008) $ - $ - - N/A Fiscal year 2007 (as of February 28, 2007) $ - $ - - N/A 7.50% Notes due 2020 (7) Fiscal year 2017 (as of February 28, 2017) $ - $ - - N/A Fiscal year 2016 (as of February 29, 2016) $ 61,793 $ 3,025 - $ 25.24 (8) Fiscal year 2015 (as of February 28, 2015) $ 48,300 $ 3,117 - $ 25.46 (8) Fiscal year 2014 (as of February 28, 2014) $ 48,300 $ 3,348 - $ 25.18 (8) Fiscal year 2013 (as of February 28, 2013) $ - $ - - N/A Fiscal year 2012 (as of February 29, 2012) $ - $ - - N/A Fiscal year 2011 (as of February 28, 2011) $ - $ - - N/A Fiscal year 2010 (as of February 28, 2010) $ - $ - - N/A Fiscal year 2009 (as of February 28, 2009) $ - $ - - N/A Fiscal year 2008 (as of February 29, 2008) $ - $ - - N/A Fiscal year 2007 (as of February 28, 2007) $ - $ - - N/A 6.75% Notes due 2023 (9) Fiscal year 2020 (as of February 29, 2020) $ - $ - - N/A Fiscal year 2019 (as of February 28, 2019) $ 74,451 $ 2,345 - $ 25.74 (10) Fiscal year 2018 (as of February 28, 2018) $ 74,451 $ 2,930 - $ 26.05 (10) Fiscal year 2017 (as of February 28, 2017) $ 74,451 $ 2,710 - $ 25.89 (10) 8.75% Notes due 2024 Fiscal year 2024 (as of November 30, 2023) $ 20,000 $ 1,593 - $ 25.00 (12) 6.25% Notes due 2025 (13) Fiscal year 2022 (as of February 28, 2022) - - - N/A Fiscal year 2021 (as of February 28, 2021) $ 60,000 $ 3,471 - $ 24.24 (11) Fiscal year 2020 (as of February 29, 2020) $ 60,000 $ 6,071 - $ 25.75 (11) Fiscal year 2019 (as of February 28, 2019) $ 60,000 $ 2,345 - $ 24.97 (11) 7.00% Notes due 2025 Fiscal year 2024 (as of November 30, 2023) $ 12,000 $ 1,593 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 12,000 $ 1,659 - $ 25.00 (12) 7.25% Notes due 2025 (17) Fiscal year 2023 (as of February 28, 2023) - - - N/A Fiscal year 2022 (as of February 28, 2022) $ 43,125 $ 2,093 - $ 25.46 (11) Fiscal year 2021 (as of February 28, 2021) $ 43,125 $ 3,471 - $ 25.77 (11) 7.75% Notes due 2025 Fiscal year 2024 (as of November 30, 2023) $ 5,000 $ 1,593 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 5,000 $ 1,659 - $ 25.00 (12) Fiscal year 2022 (as of February 28, 2022) $ 5,000 $ 2,093 - $ 25.00 (12) Fiscal year 2021 (as of February 28, 2021) $ 5,000 $ 3,471 - $ 25.00 (12) 4.375% Notes due 2026 Fiscal year 2024 (as of November 30, 2023) $ 175,000 $ 1,593 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 175,000 $ 1,659 - $ 25.00 (12) Fiscal year 2022 (as of February 28, 2022) $ 175,000 $ 2,093 - $ 25.00 (12) 4.35% Notes due 2027 Fiscal year 2024 (as of November 30, 2023) $ 75,000 $ 1,593 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 75,000 $ 1,659 - $ 25.00 (12) Fiscal year 2022 (as of February 28, 2022) $ 75,000 $ 2,093 - $ 25.00 (12) 6.00% Notes due 2027 Fiscal year 2024 (as of November 30, 2023) $ 105,500 $ 1,593 - $ 23.34 (15) Fiscal year 2023 (as of February 28, 2023) $ 105,500 $ 1,659 - $ 23.97 (15) 6.25% Notes due 2027 Fiscal year 2024 (as of November 30, 2023) $ 15,000 $ 1,593 - $ 25.00 (12) Fiscal year 2023 (as of February 28, 2023) $ 15,000 $ 1,659 - $ 25.00 (12) Fiscal year 2022 (as of February 28, 2022) $ 15,000 $ 2,093 - $ 25.00 (12) Fiscal year 2021 (as of February 28, 2021) $ 15,000 $ 3,471 - $ 25.00 (12) 8.00% Notes due 2027 Fiscal year 2024 (as of November 30, 2023) $ 46,000 $ 1,593 - $ 24.93 (15) Fiscal year 2023 (as of February 28, 2023) $ 46,000 $ 1,659 - $ 25.08 (15) 8.125% Notes due 2027 Fiscal year 2024 (as of November 30, 2023) $ 60,375 $ 1,593 - $ 24.97 (15) Fiscal year 2023 (as of February 28, 2023) $ 60,375 $ 1,659 - $ 25.10 (15) 8.50% Notes due 2028 Fiscal year 2024 (as of November 30, 2023) $ 57,500 $ 1,593 - $ 25.07 (16) (1) We have excluded our SBA-guaranteed debentures from this table because the SEC has granted us exemptive relief that permits us to exclude such debentures from the definition of senior securities in the 150% asset coverage ratio we are required to maintain under the 1940 Act. (2) This table does not include the senior securities of our predecessor entity, GSC Investment Corp., relating to a revolving securitized credit facility with Deutsche Bank, in light of the fact that the Company was under different management during the time that such credit facility was outstanding. (3) Total amount of senior securities outstanding at the end of the period presented. (4) Asset coverage per unit is the ratio of our total assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness, calculated on a total basis. (5) The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. The “—” indicates information which the Securities and Exchange Commission expressly does not require to be disclosed for certain types of senior securities. (6) Not applicable for credit facility because not registered for public trading. (7) On January 13, 2017, the Company redeemed in full its 2020 Notes. The Company used a portion of the net proceeds from the 2023 Notes offering, which was completed in December 2016, to redeem the 2020 Notes in full. (8) Based on the average daily trading price of the 2020 Notes on the NYSE. (9) On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.45 million, respectively, in aggregate principal amount of the $74.45 million in aggregate principal amount of issued and outstanding 2023 Notes. (10) Based on the average daily trading price of the 2023 Notes on the NYSE. (11) Based on the average daily trading price of the 2025 Notes on the NYSE. (12) The carrying value of this unlisted security approximates its fair value, based on a waterfall analysis showing adequate collateral coverage. (13) On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes. The Company used a portion of the net proceeds from the 4.375% 2026 Notes offering, which was completed in July 2021, to redeem the 6.25% 2025 Notes in full. (14) On October 4, 2021, the Company repaid all remaining amounts outstanding under the Madison Credit Facility and the credit agreement relating to the Madison Credit Facility was terminated. (15) Based on the average daily trading price of the 2027 Notes on the NYSE. (16) Based on the average daily trading price of the 2028 Notes on the NYSE. (17) On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the issued and outstanding 7.25% 2025 Notes.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Nov. 30, 2023
Commitments and Contingencies [Abstract]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations	The following table shows our payment obligations for repayment of debt and other contractual obligations at November 30, 2023: Payment Due by Period Long-Term Debt Obligations Total Less Than 1 - 3 3 - 5 More Than ($ in thousands) Encina credit facility $ 35,000 $ - $ 35,000 $ - $ - SBA debentures 205,000 - - - 205,000 8.75% 2024 Notes 20,000 20,000 - - - 7.00% 2025 Notes 12,000 - 12,000 - - 7.75% 2025 Notes 5,000 - 5,000 - - 4.375% 2026 Notes 175,000 - 175,000 - - 4.35% 2027 Notes 75,000 - - 75,000 - 6.00% 2027 Notes 105,500 - - 105,500 - 6.25% 2027 Notes 15,000 - - 15,000 - 8.00% 2027 Notes 46,000 - - 46,000 - 8.125% 2027 Notes 60,375 - - 60,375 - 8.50% 2028 Notes 57,500 - - 57,500 - Total Long-Term Debt Obligations $ 811,375 $ 20,000 $ 227,000 $ 359,375 $ 205,000
Schedule of Unfunded Commitments Outstanding	A summary of the unfunded commitments outstanding as of November 30, 2023 and February 28, 2023 is shown in the table below (dollars in thousands): November 30, February 28, At Company’s discretion ActiveProspect, Inc. $ 10,000 $ 10,000 Artemis Wax Corp. 23,500 - Ascend Software, LLC 5,000 5,000 Granite Comfort, LP 750 15,000 JDXpert 5,000 5,000 LFR Chicken LLC - 4,000 Pepper Palace, Inc. 1,898 3,000 Procurement Partners, LLC 4,250 4,250 Saratoga Senior Loan Fund I JV, LLC 8,548 8,548 Sceptre Hospitality Resources, LLC 5,000 5,000 Stretch Zone Franchising, LLC 3,750 - VetnCare MSO, LLC 10,000 - Total $ 77,696 $ 59,798 At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required Alpha Aesthetics Partners OpCo, LLC $ 3,720 $ - ARC Health OpCo LLC 2,585 10,773 Artemis Wax Corp. - 8,500 Ascend Software, LLC 1,500 3,200 Axero Holdings, LLC - Revolver 500 500 Axiom Medical Consulting, LLC 2,000 - BQE Software, Inc. 3,250 - C2 Educational Systems 3,000 - Davisware, LLC 1,500 - Exigo, LLC - 4,167 Exigo, LLC - Revolver 1,042 833 Gen4 Dental Partners Holdings, LLC 244 11,000 GoReact 2,500 2,500 JDXpert - 1,000 Inspect Point Holding, LLC 1,500 - Modis Dental Partners OpCo, LLC 7,500 - Pepper Palace, Inc. - Delayed Draw Term Loan - 2,000 Pepper Palace, Inc. - Revolver 2,500 2,500 Procurement Partners, LLC - 1,000 Stretch Zone Franchising, LLC 1,500 - VetnCare MSO, LLC 15,319 - Zollege PBC 575 1,000 50,735 48,973 Total $ 128,431 $ 108,771

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Nov. 30, 2023
Stockholders' Equity [Abstract]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity	The Company adopted Rule 3-04/Rule 8-03(a)(5) under Regulation S-X (Note 2). Pursuant to Regulation S-X, the Company has presented a reconciliation of the changes in each significant caption of stockholders’ equity as shown in the tables below: Total Common Stock Capital Distributable Earnings Shares Amount of Par Value (Loss) Net Assets Balance at February 28, 2022 12,131,350 $ 12,131 $ 328,062,246 $ 27,706,146 $ 355,780,523 Increase (Decrease) from Operations: Net investment income - - - 7,976,222 7,976,222 Net realized gain (loss) from investments - - - 162,509 162,509 Income tax (provision) benefit from realized gain on investments - - - 69,250 69,250 Net change in unrealized appreciation (depreciation) on investments - - - (9,333,449 ) (9,333,449 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (361,951 ) (361,951 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,428,817 ) (6,428,817 ) Capital Share Transactions: Stock dividend distribution 42,825 43 1,108,637 - 1,108,680 Repurchases of common stock (142,177 ) (142 ) (3,734,174 ) - (3,734,316 ) Repurchase fees - - (2,840 ) - (2,840 ) Balance at May 31, 2022 12,031,998 $ 12,032 $ 325,433,869 $ 19,789,910 $ 345,235,811 Increase (Decrease) from Operations: Net investment income - - - 7,698,014 7,698,014 Net realized gain (loss) from investments - - - 7,943,838 7,943,838 Realized losses on extinguishment of debt - - - (1,204,809 ) (1,204,809 ) Net change in unrealized appreciation (depreciation) on investments - - - (13,258,456 ) (13,258,456 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (230,154 ) (230,154 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,369,981 ) (6,369,981 ) Capital Share Transactions: Stock dividend distribution 48,590 49 1,088,139 - 1,088,188 Repurchases of common stock (153,350 ) (154 ) (3,685,951 ) - (3,686,105 ) Repurchase fees - - (3,071 ) - (3,071 ) Balance at August 31, 2022 11,927,238 $ 11,927 $ 322,832,986 $ 14,368,362 $ 337,213,275 Increase (Decrease) from Operations: Net investment income - - - 9,877,437 9,877,437 Net realized gain (loss) from investments - - - (740,434 ) (740,434 ) Income tax (provision) benefit from realized gain on investments - - - 479,318 479,318 Net change in unrealized appreciation (depreciation) on investments - - - (3,176,208 ) (3,176,208 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (425,848 ) (425,848 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (6,433,298 ) (6,433,298 ) Capital Share Transactions: Stock dividend distribution 52,312 53 1,150,881 - 1,150,934 Repurchases of common stock (94,071 ) (95 ) (2,179,600 ) - (2,179,695 ) Repurchase fees - - (1,881 ) - (1,881 ) Balance at November 30, 2022 11,885,479 $ 11,885 $ 321,802,386 $ 13,949,329 $ 335,763,600 Increase (Decrease) from Operations: Net investment income - - - 9,649,474 9,649,474 Net realized gain (loss) from investments - - - 80,683 80,683 Realized losses on extinguishment of debt - - - (382,274 ) (382,274 ) Net change in unrealized appreciation (depreciation) on investments - - - 10,549,981 10,549,981 Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (697,380 ) (697,380 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,081,306 ) (8,081,306 ) Capital Share Transactions: Stock dividend distribution 53,615 55 1,300,405 - 1,300,460 Repurchases of common stock (48,594 ) (49 ) (1,224,175 ) - (1,224,224 ) Repurchase fees - - (972 ) - (972 ) Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles - - 16,162 (16,162 ) - Balance at February 28, 2023 11,890,500 $ 11,891 $ 321,893,806 $ 25,052,345 $ 346,958,042 Increase (Decrease) from Operations: Net investment income - - - 15,958,950 15,958,950 Net realized gain (loss) from investments - - - 90,691 90,691 Net change in unrealized appreciation (depreciation) on investments - - - (16,322,307 ) (16,322,307 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - 59,407 59,407 Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,193,402 ) (8,193,402 ) Capital Share Transactions: Stock dividend distribution 45,818 47 1,058,797 - 1,058,844 Repurchases of common stock (88,576 ) (90 ) (2,157,515 ) - (2,157,605 ) Repurchase fees - - (1,772 ) - (1,772 ) Balance at May 31, 2023 11,847,742 $ 11,848 $ 320,793,316 $ 16,645,684 $ 337,450,848 Increase (Decrease) from Operations: Net investment income - - - 13,964,784 13,964,784 Realized losses on extinguishment of debt - - - (110,056 ) (110,056 ) Net change in unrealized appreciation (depreciation) on investments - - - (5,737,571 ) (5,737,571 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (221,206 ) (221,206 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (8,352,335 ) (8,352,335 ) Capital Share Transactions: Proceeds from issuance of common stock 852,412 852 22,497,265 - 22,498,117 Capital contribution from manager - - 2,050,288 - 2,050,288 Stock dividend distribution 29,627 30 749,283 - 749,313 Offering costs - - (213,427 ) - (213,427 ) Balance at August 31, 2023 12,729,781 $ 12,730 $ 345,876,725 $ 16,189,300 $ 362,078,755 Increase (Decrease) from Operations: Net investment income - - - 14,166,063 14,166,063 Net realized gain (loss) from investments - - - 60,565 60,565 Net change in unrealized appreciation (depreciation) on investments - - - (17,866,353 ) (17,866,353 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (415,894 ) (415,894 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,286,642 ) (9,286,642 ) Capital Share Transactions: Proceeds from issuance of common stock 350,000 350 9,012,150 - 9,012,150 Capital contribution from manager - - 1,043,000 - 1,043,000 Stock dividend distribution 35,196 35 858,960 - 858,995 Offering costs - - (92,240 ) - (92,240 ) Balance at November 30, 2023 13,114,977 $ 13,115 $ 356,698,595 $ 2,847,039 $ 359,558,749

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 30, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets	The following information sets forth the computation of the weighted average basic and diluted net increase (decrease) in net assets resulting from operations per share for the three and nine months ended November 30, 2023 and November 30, 2022 (dollars in thousands except share and per share amounts): For the three months ended For the nine months ended Basic and Diluted November 30, November 30, November 30, November 30, Net increase (decrease) in net assets resulting from operations $ (4,056 ) $ 6,014 $ 3,627 $ 5,475 Weighted average common shares outstanding 13,052,896 11,893,173 12,355,815 11,989,811 Weighted average earnings (loss) per common share $ (0.31 ) $ 0.51 $ 0.29 $ 0.46

Dividend (Tables)

Dividend (Tables)	9 Months Ended
	Nov. 30, 2023
Dividend [Abstract]
Schedule of Dividends Declared	The following table summarizes dividends declared for the nine months ended November 30, 2023 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total Amount* November 15, 2023 December 11, 2023 December 28, 2023 $ 0.72 8,888 August 14, 2023 September 14, 2023 September 28, 2023 0.71 $ 9,287 May 22, 2023 June 13, 2023 June 29, 2023 0.70 $ 8,352 Total dividends declared $ 2.13 $ 26,527 * Total amount is calculated based on the number of shares outstanding at the date of record. Date Declared Record Date Payment Date Amount Total Amount* November 15, 2022 December 15, 2022 January 4, 2023 $ 0.68 $ 8,081 August 29, 2022 September 14, 2022 September 29, 2022 0.54 6,433 May 26, 2022 June 14, 2022 June 29, 2022 0.53 6,370 Total dividends declared $ 1.75 $ 20,884

Financial Highlights (Tables)

Financial Highlights (Tables)	9 Months Ended
	Nov. 30, 2023
Investment Company, Financial Highlights [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights as of and for the nine months ended November 30, 2023 and November 30, 2022: Per share data November 30, November 30, Net asset value at beginning of period $ 29.18 $ 29.33 Net investment income(1) 3.57 2.13 Net realized and unrealized gain and losses on investments(1) (3.27 ) (1.57 ) Realized losses on extinguishment of debt (0.01 ) (0.10 ) Net increase in net assets resulting from operations 0.29 0.46 Distributions declared from net investment income (2.10 ) (1.60 ) Total distributions to stockholders (2.10 ) (1.60 ) Issuance of common stock(2) (0.30 ) - Capital contribution from manager for the issuance of common stock(14) 0.36 - Repurchases of common stock(3) 0.03 0.15 Dilution(4) (0.04 ) (0.09 ) Net asset value at end of period $ 27.42 $ 28.25 Net assets at end of period $ 359,558,749 $ 335,763,600 Shares outstanding at end of period 13,114,977 11,885,479 Per share market value at end of period $ 26.21 $ 26.37 Total return based on market value(5)(6) 3.62 % 2.74 % Total return based on net asset value(5)(7) 2.35 % 2.98 % Ratio/Supplemental data: Ratio of net investment income to average net assets(8) 17.15 % 9.90 % Expenses: Ratios of operating expenses and income taxes to average net assets*(9) 8.09 % 7.02 % Ratio of incentive management fees to average net assets(5) 1.37 % 0.06 % Ratio of interest and debt financing expenses to average net assets(9) 13.87 % 8.97 % Ratio of total expenses and income taxes to average net assets*(8) 23.33 % 16.05 % Portfolio turnover rate(5)(10) 1.80 % 17.77 % Asset coverage ratio per unit(11) 1,593 1,732 Average market value per unit Revolving Credit Facility(12) N/A N/A SBA Debentures Payable(12) N/A N/A 8.75% Notes Payable 2024(12) N/A N/A 7.00% Notes Payable 2025(12) N/A N/A 7.25% Notes Payable 2025(13) N/A N/A 7.75% Notes Payable 2025(12) N/A N/A 4.375% Notes Payable 2026(12) N/A N/A 4.35% Notes Payable 2027(12) N/A N/A 6.00% Notes Payable 2027 $ 23.34 $ 24.20 6.25% Notes Payable 2027(12) N/A N/A 8.00% Notes Payable 2027 $ 24.93 24.94 8.125% Notes Payable 2027 $ 24.97 N/A 8.50% Notes Payable 2028 $ 25.07 N/A * Certain prior period amounts have been reclassified to conform to current period presentation. (1) Per share amounts are calculated using the weighted average shares outstanding during the period. (2) The continuous issuance of common stock may cause an incremental decrease in NAV per share due to the sale of shares at the then prevailing public offering price and the receipt of net proceeds per share by the Company less than NAV per share on each subscription closing date. The per share data was derived by computing (i) the sum of (A) the number of shares issued in connection with subscriptions and/or distribution reinvestment on each share transaction date multiplied by (B) the differences between the net proceeds per share and the NAV per share on each share transaction date, divided by (ii) the total shares outstanding during the period. (3) Represents the anti-dilutive impact on the NAV of the Company due to the repurchase of common shares. See Note 11. Stockholders’ Equity. (4) Represents the dilutive effect of issuing common stock below NAV per share during the period in connection with the satisfaction of the Company’s annual RIC distribution requirement and may include the impact of the different share amounts used for different items (weighted average basic common shares outstanding for the corresponding year and actual common shares outstanding at the end of the year) in the per common share data calculation and rounding impacts. See Note 13. Dividend. (5) Ratios are not annualized. (6) Total investment return is calculated assuming a purchase of common shares at the current market value on the first day and a sale at the current market value on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. (7) Total investment return is calculated assuming a purchase of common shares at the current NAV on the first day and a sale at the current net asset value on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. (8) Ratios are annualized. Incentive management fees included within the ratio are not annualized. (9) Ratios are annualized. (10) Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value. (11) Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. Asset coverage ratio per unit does not include unfunded commitments. The inclusion of unfunded commitments in the calculation of the asset coverage ratio per unit would not cause us to be below the required amount of regulatory coverage. (12) The Revolving Credit Facility, SBA Debentures, 8.75% Notes Payable 2024, 7.00% Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2027 and 6.25% Notes Payable 2027 are not registered for public trading. (13) On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE. (14) The Manager agreed to reimburse the Company to the extent the per share price of the shares to the public, less underwriting fees, was less than net asset value per share.

Organization (Details)

Organization (Details) - USD ($) $ in Millions		9 Months Ended
	Oct. 28, 2022	Nov. 30, 2023
Organization (Details) [Line Items]
Principal of a loan		$ 175
Collateralized Loan Obligations [Member]
Organization (Details) [Line Items]
Issued of debt	$ 402.1
SBA Debentures [Member]
Organization (Details) [Line Items]
Principal of a loan		150
SBA Debentures [Member] | Maximum [Member]
Organization (Details) [Line Items]
Principal of a loan		350
SBA Debentures [Member] | Minimum [Member]
Organization (Details) [Line Items]
Principal of a loan		$ 175

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions		9 Months Ended
	Feb. 28, 2023	Nov. 30, 2023
Summary of Significant Accounting Policies (Details) [Line Items]
Non-accrual fair value (in Dollars)	$ 9.8	$ 29.2
Fair value percentage	1%	2.60%
Investment company taxable income		90%
Federal excise tax, percentage		4%
Net ordinary income, percentage		98%
Capital gain net income, percentage		98.20%
Percentage of federal excise tax on income		4%
Aggregate declared distribution, percentage		20%
Cash declared distribution, percentage		20%
Minimum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Aggregate value in excess percentage		5%
Maximum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Aggregate value in excess percentage		10%
SLF JV [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Percentage of voting interest		50%
Cash and Cash Equivalents [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding voting shares percentage		3%
Control Investments [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding voting shares percentage		25%
Investment owned board representation percentage		50%
Affiliated Investments [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding voting shares percentage		5%
Affiliated Investments [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding voting shares percentage		25%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Reconciliation of Cash and Cash Equivalents and Cash and Cash Equivalents - USD ($)	Nov. 30, 2023	Feb. 28, 2023
Schedule of Reconciliation of Cash and Cash Equivalents and Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 21,386,880	$ 65,746,494
Cash and cash equivalents, reserve accounts	25,639,619	30,329,779
Total cash and cash equivalents and cash and cash equivalents, reserve accounts	$ 47,026,499	$ 96,076,273

Investments (Details)

Investments (Details) - USD ($)				1 Months Ended							3 Months Ended						6 Months Ended	9 Months Ended		12 Months Ended
	Aug. 11, 2021	Aug. 09, 2021	Dec. 14, 2018	Nov. 30, 2023	Feb. 28, 2023	Oct. 28, 2022	Feb. 28, 2021	Feb. 26, 2021	Dec. 31, 2018	Jan. 31, 2008	Nov. 30, 2023	May 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Aug. 31, 2023	Nov. 30, 2023	Nov. 30, 2022	Jun. 09, 2023	Feb. 28, 2023	Oct. 20, 2023
Investments (Details) [Line Items]
Description of valuation model rate																		●Default rate: 2.0%   ● Recovery rate: 35%-70%   ● Discount rate: 12.0%-22.0%   ● Prepayment rate: 20.0%   ● Reinvestment rate / price: $98.00 for six months; then L+365bps / $99.00
Fair value investment, Percentage																		5%
Legal maturity date			January 2030
Cash contributions			$ 500,000,000	$ 90,470,138	$ 116,255,582						$ 90,470,138		$ 116,255,582					$ 90,470,138			$ 116,255,582
Additional investments								$ 14,000,000
Related transaction costs								2,600,000
Outstanding receivable																	$ 2,600,000
Realized loss	$ 100,000										60,565	$ 90,691	80,683	$ (740,434)	$ 7,943,838	$ 162,509		$ 151,256	$ 7,365,913
Percentage owned and managed																		100%
Percentage of management fee																		0.10%
Percentage subordinated management fee																		0.40%
Percentage of excess cash flow			20%
Percentage of internal rate in greater			12%
Management fee income					31,900,000						819,929			818,254				$ 2,453,967	2,451,242
Investment principal balance				643,500,000	$ 645,600,000						643,500,000		645,600,000					$ 643,500,000			645,600,000
Weighted average spread percentage					3.80%													3.80%
Debt principal balance					$ 611,000,000													$ 611,000,000
Percentage of debt weighted average spread					2.20%													2.20%
Future cash flow amount					$ 21,200,000													$ 8,900,000
Discount rate					22%													22%
Total investment				1,147,863,944	$ 966,489,357					$ 57,800,000	1,147,863,944		966,489,357					$ 1,147,863,944			966,489,357
Additional investments							$ 14,000,000		$ 13,800,000	30,000,000
Incentive fee income					1,200,000
Fair value investment				1,114,038,609	972,590,253						1,114,038,609		972,590,253					1,114,038,609			972,590,253
Distribution amount received					77,700,000
Dividend income											1,300,000			0				$ 4,700,000	0
Unsecured percentage																				7%
Purchased of fair value percentage																		87.50%
Aggregate fair value				976,440,074	828,028,800						976,440,074		828,028,800					$ 976,440,074			$ 828,028,800
London Interbank Offered Rate One [Member]
Investments (Details) [Line Items]
Investment description																		1M USD LIBOR—The 1 month USD LIBOR rate as of November 30, 2023 was 5.46%.3M USD LIBOR—The 3 month USD LIBOR rate as of November 30, 2023 was 5.63%.6M USD LIBOR—The 6 month USD LIBOR rate as of November 30, 2023 was 5.76%.			1M USD LIBOR—The 1 month USD LIBOR rate as of February 28, 2023 was 4.67%.3M USD LIBOR—The 3 month USD LIBOR rate as of February 28, 2023 was 4.97%.6M USD LIBOR—The 6 month USD LIBOR rate as of February 28, 2023 was 5.26%.
Secured Overnight Financing Rate One [Member]
Investments (Details) [Line Items]
Investment description																		1M SOFR - The 1 month SOFR rate as of November 30, 2023 was 5.34%.3M SOFR - The 3 month SOFR rate as of November 30, 2023 was 5.37%.6M SOFR - The 6 month SOFR rate as of November 30, 2023 was 5.33%.			1M SOFR - The 1 month SOFR rate as of February 28, 2023 was 4.66%.3M SOFR - The 3 month SOFR rate as of February 28, 2023 was 4.89%.6M SOFR - The 6 month SOFR rate as of February 28, 2023 was 5.15%.
Prime Rate [Member]
Investments (Details) [Line Items]
Investment description																		Prime—The Prime Rate as of November 30, 2023 was 8.50%.			Prime—The Prime Rate as of February 28, 2023 was 7.75%.
Minimum [Member]
Investments (Details) [Line Items]
Aggregate principal amount			$ 300,000,000
Maximum [Member]
Investments (Details) [Line Items]
Aggregate principal amount			500,000,000
The Class F-R-3 Notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount								17,900,000
The Class F-R-2 Notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount								2,500,000
The Class G-R-2 Notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount								7,500,000
The CLO 2013-1 [Member]
Investments (Details) [Line Items]
Aggregate principal amount								25,000,000
Class F-R-3 Note [Member]
Investments (Details) [Line Items]
Notes exchanged		$ 17,900,000
The Class F-1-R-3 Notes [Member]
Investments (Details) [Line Items]
Notes exchanged		8,500,000
Realized loss		100,000
The Class F-2-R-3 Notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount				9,400,000							9,400,000							$ 9,400,000
Notes exchanged		$ 9,400,000
Corresponding fair value																		9,000,000
The subordinated notes [Member]
Investments (Details) [Line Items]
Aggregate principal amount				111,000,000							111,000,000							111,000,000
Management fee income											800,000			800,000				2,500,000	2,500,000
Interest income											0			200,000				0	1,200,000
Corresponding fair value																		8,900,000
Fair value investment					21,200,000								21,200,000								$ 21,200,000
Class E [Member]
Investments (Details) [Line Items]
Purchased of fair value percentage						87.50%
Purchased of fair value per value						$ 12,250,000
Aggregate fair value				11,500,000	11,400,000						11,500,000		11,400,000					11,500,000			11,400,000
TJHA [Member]
Investments (Details) [Line Items]
Cash contributions				6,250,000							6,250,000							6,250,000
Unsecured note																		17,600,000
Membership interest				$ 17,600,000							$ 17,600,000							$ 17,600,000
TJHA [Member] | Minimum [Member]
Investments (Details) [Line Items]
Ownership percentage				12.50%							12.50%							12.50%
TJHA [Member] | Maximum [Member]
Investments (Details) [Line Items]
Ownership percentage				87.50%							87.50%							87.50%
Voting Interest in SLF JV [Member]
Investments (Details) [Line Items]
Ownership percentage				50%							50%							50%
SLF JV [Member]
Investments (Details) [Line Items]
Cash contributions				$ 50,000,000							$ 50,000,000							$ 50,000,000
Interest income				200,000	400,000						400,000			100,000				1,300,000	1,100,000
Fixed interest rate																						10%
Unsecured note																		2,500,000
Membership interest				2,500,000							2,500,000							2,500,000
Investment unsecured note				17,600,000	17,600,000						17,600,000		17,600,000					17,600,000			17,600,000
Dividend income											1,300,000			$ 0				4,700,000	$ 0
Collateralized loan obligation trust						$ 402,100,000
SLF JV [Member] | TJHA [Member]
Investments (Details) [Line Items]
Membership interest				7,800,000	13,100,000						7,800,000		13,100,000					7,800,000			13,100,000
SLF JV One [Member]
Investments (Details) [Line Items]
Cash contributions				43,750,000							43,750,000							43,750,000
Saratoga CLO [Member]
Investments (Details) [Line Items]
Cash contributions			$ 300,000,000
Fair value investment					$ 8,800,000								$ 8,800,000								$ 8,800,000
Saratoga CLO [Member] | Minimum [Member]
Investments (Details) [Line Items]
Cash contributions								500,000,000
Saratoga CLO [Member] | Maximum [Member]
Investments (Details) [Line Items]
Cash contributions								$ 650,000,000
CLO [Member]
Investments (Details) [Line Items]
Management fee income										30,000,000								34,300,000
Total investment							$ 14,000,000		$ 13,800,000	$ 57,800,000
Cash distributions				$ 83,200,000							$ 83,200,000							83,200,000
Incentive fee income																		$ 1,200,000

Investments (Details) - Schedul

Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class - USD ($) $ in Thousands		Nov. 30, 2023	Feb. 28, 2023
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans		$ 959,892	$ 798,534
Second lien term loans		14,873	14,936
Unsecured term loans		17,619	20,661
Structured finance securities		29,387	41,362
Equity interests		92,268	97,097
Total		1,114,039	972,590
Level 1 [Member]
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans
Second lien term loans
Unsecured term loans
Structured finance securities
Equity interests
Total
Level 2 [Member]
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans
Second lien term loans
Unsecured term loans
Structured finance securities
Equity interests
Total
Level 3 [Member]
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans		959,892	798,534
Second lien term loans		14,873	14,936
Unsecured term loans		17,619	20,661
Structured finance securities		29,387	41,362
Equity interests		84,476	83,990
Total		1,106,247	959,483
Valued Using Net Asset Value [Member]
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans	[1]
Second lien term loans	[1]
Unsecured term loans	[1]
Structured finance securities	[1]
Equity interests	[1]	7,792	13,107
Total	[1]	$ 7,792	$ 13,107
[1]The Company's equity investment in SLF JV is measured using the proportionate share of the NAV, or equivalent, as a practical expedient and thus has not been classified in the fair value hierarchy.

Investments (Details) - Sched_2

Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments - USD ($) $ in Thousands	6 Months Ended	9 Months Ended		12 Months Ended
	Aug. 31, 2022	Nov. 30, 2023	Nov. 30, 2022	Feb. 28, 2023
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	$ 805,551	$ 959,483	$ 805,551	$ 805,551
Payment-in-kind and other adjustments to cost	(1,374)	(4,053)
Net accretion of discount on investments	1,245	1,641
Net change in unrealized appreciation (depreciation) on investments	(18,454)	(34,611)
Purchases	340,465	202,884
Sales and repayments	(162,092)	(19,248)
Net realized gain (loss) from investments	7,366	151
Ending Balance		1,106,247	972,707	959,483
Net change in unrealized appreciation (depreciation)		(34,965)	(6,190)
First lien term loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	631,572	798,534	631,572	631,572
Payment-in-kind and other adjustments to cost	244	1,147
Net accretion of discount on investments	1,262	1,637
Net change in unrealized appreciation (depreciation) on investments	(12,049)	(20,102)
Purchases	309,022	194,541
Sales and repayments	(125,972)	(15,865)
Net realized gain (loss) from investments	163
Ending Balance		959,892	804,242	798,534
Net change in unrealized appreciation (depreciation)		(20,033)	(12,318)
Second lien term loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	44,386	14,936	44,386	44,386
Payment-in-kind and other adjustments to cost	90	624
Net accretion of discount on investments	(17)	4
Net change in unrealized appreciation (depreciation) on investments	(663)	(691)
Purchases	4,950
Sales and repayments	(24,966)
Net realized gain (loss) from investments
Ending Balance		14,873	23,780	14,936
Net change in unrealized appreciation (depreciation)		(691)	(705)
Unsecured Term Loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	15,931	20,661	15,931	15,931
Payment-in-kind and other adjustments to cost
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	10	341
Purchases	4,494
Sales and repayments		(3,383)
Net realized gain (loss) from investments
Ending Balance		17,619	20,435	20,661
Net change in unrealized appreciation (depreciation)		(5)	10
Structured finance securities [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	38,030	41,362	38,030	38,030
Payment-in-kind and other adjustments to cost	(2,159)	(5,531)
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	(8,219)	(6,444)
Purchases	11,393
Sales and repayments	(145)
Net realized gain (loss) from investments
Ending Balance		29,387	38,900	41,362
Net change in unrealized appreciation (depreciation)		(6,444)	(8,219)
Equity interests [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	75,632	83,990	75,632	75,632
Payment-in-kind and other adjustments to cost	451	(293)
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	2,467	(7,715)
Purchases	10,606	8,343
Sales and repayments	(11,009)
Net realized gain (loss) from investments	$ 7,203	151
Ending Balance		84,476	85,350	$ 83,990
Net change in unrealized appreciation (depreciation)		$ (7,792)	$ 15,042

Investments (Details) - Sched_3

Investments (Details) - Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements of Assets - USD ($)	9 Months Ended	12 Months Ended
	Nov. 30, 2023	Feb. 28, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,106,247,000
Valuation Technique		$959,483
First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 959,892,000	$ 12,800
Valuation Technique	Market Comparables	$798,534
Unobservable Input	Market Yield (%)	Market Comparables
Weighted Average	13.2%
Range		Market Yield (%)
First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 4,100
Unobservable Input	Revenue Multiples (x)
Weighted Average	3.8	4.1
Range		Revenue Multiples (x)
First lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 8,000
Unobservable Input	EBITDA Multiples (x)
Weighted Average	13.7	8.0
Range	5.0x – 15.0x	EBITDA Multiples (x)
Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 14,873,000	$ 45,800
Valuation Technique	Market Comparables	14,936
Unobservable Input	Market Yield (%)	Market Comparables
Weighted Average	53.2%
Range		Market Yield (%)
Second lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input	Revenue Multiples (x)
Weighted Average	14.8
Unsecured term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 17,619,000
Valuation Technique	Collateral Value Coverage
Unobservable Input	Net Asset Value
Weighted Average	100.0%
Range	100.0%
Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 29,387,000	$ 17,600
Valuation Technique	Discounted Cash Flow	41,362
Unobservable Input	Discount Rate (%)	Discounted Cash Flow
Weighted Average	15.8%
Range		Discount Rate (%)
Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 70,000
Unobservable Input	Recovery Rate (%)
Weighted Average	70.0%
Range		Recovery Rate (%)
Structured finance securities 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 20,000
Unobservable Input	Prepayment Rate (%)
Weighted Average	20.0%	20.0%
Range	20.0%	Prepayment Rate (%)
Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 84,476,000	$ 11,000
Valuation Technique	Enterprise Value Waterfall	83,990
Unobservable Input	Revenue Multiples (x)	Enterprise Value Waterfall
Weighted Average	6.4
Range		EBITDA Multiples (x)
Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 6,400
Unobservable Input	EBITDA Multiples (x)
Weighted Average	11.7
Range		Revenue Multiples (x)
Unsecured Term Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 12,600
Valuation Technique		20,661
Unobservable Input		Market Comparables
Range		Market Yield (%)
Unsecured term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 100,000
Unobservable Input		Market Comparables
Weighted Average		100.0%
Range		Market Quote (%)
Unsecured term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 100,000
Unobservable Input		Collateral Valuae Coverage
Weighted Average		100.0%
Range		Net Asset Value (%)
Minimum [Member] | First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		10.5%
Range	11.1%
Minimum [Member] | First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	0.3x
Minimum [Member] | Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		15.6%
Range	18.9%
Minimum [Member] | Second lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	14.8x
Minimum [Member] | Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		12.0%
Range	12.0%
Minimum [Member] | Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		35.0%
Range	35.0%
Minimum [Member] | Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		5.5
Range	1.3x
Minimum [Member] | Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		1.3
Range	0.3x
Minimum [Member] | Unsecured Term Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		10.0%
Maximum [Member] | First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		23.1%
Range	23.1%
Maximum [Member] | First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	5.2x
Maximum [Member] | Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		61.8%
Range	71.8%
Maximum [Member] | Second lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	14.8x
Maximum [Member] | Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		22.0%
Range	22.0%
Maximum [Member] | Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		70.0%
Range	70.0%
Maximum [Member] | Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		28.6
Range	10.9x
Maximum [Member] | Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		11.2
Range	28.6x
Maximum [Member] | Unsecured Term Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		28.8%

Investments (Details) - Sched_4

Investments (Details) - Schedule of Amortized Cost and Fair Value - USD ($) $ in Thousands	Nov. 30, 2023	Feb. 28, 2023
Servicing Asset at Amortized Cost [Line Items]
Investments at Amortized Cost	$ 1,147,864	$ 966,489
Amortized Cost Percentage of Total Portfolio	100%	100%
Investments at Fair Value	$ 1,114,039	$ 972,590
Fair Value Percentage of Total Portfolio	100%	100%
First lien term loans [Member]
Servicing Asset at Amortized Cost [Line Items]
Investments at Amortized Cost	$ 989,922	$ 808,464
Amortized Cost Percentage of Total Portfolio	86.30%	83.70%
Investments at Fair Value	$ 959,892	$ 798,534
Fair Value Percentage of Total Portfolio	86.20%	82.10%
Second lien term loans [Member]
Servicing Asset at Amortized Cost [Line Items]
Investments at Amortized Cost	$ 21,743	$ 21,114
Amortized Cost Percentage of Total Portfolio	1.90%	2.20%
Investments at Fair Value	$ 14,873	$ 14,936
Fair Value Percentage of Total Portfolio	1.30%	1.50%
Unsecured term loans [Member]
Servicing Asset at Amortized Cost [Line Items]
Investments at Amortized Cost	$ 17,619	$ 21,001
Amortized Cost Percentage of Total Portfolio	1.50%	2.20%
Investments at Fair Value	$ 17,619	$ 20,661
Fair Value Percentage of Total Portfolio	1.60%	2.10%
Structured finance securities [Member]
Servicing Asset at Amortized Cost [Line Items]
Investments at Amortized Cost	$ 44,180	$ 49,711
Amortized Cost Percentage of Total Portfolio	3.80%	5.10%
Investments at Fair Value	$ 29,387	$ 41,362
Fair Value Percentage of Total Portfolio	2.60%	4.30%
Equity interests [Member]
Servicing Asset at Amortized Cost [Line Items]
Investments at Amortized Cost	$ 74,400	$ 66,199
Amortized Cost Percentage of Total Portfolio	6.50%	6.80%
Investments at Fair Value	$ 92,268	$ 97,097
Fair Value Percentage of Total Portfolio	8.30%	10%

Investment in Saratoga CLO (Det

Investment in Saratoga CLO (Details) - Schedule of Statements of Assets and Liabilities - Saratoga Investment Corp. CLO 2013-1, Ltd. [Member] - USD ($)	Nov. 30, 2023	Feb. 28, 2023
Investments at fair value
Loans at fair value (amortized cost of $631,773,703 and $645,599,001, respectively)	$ 594,703,611	$ 605,954,468
Equities at fair value (amortized cost of $615,405 and $0, respectively)	743,239
Total investments at fair value (amortized cost of $632,389,108 and $645,599,001, respectively)	595,446,850	605,954,468
Cash and cash equivalents	13,681,256	23,776,950
Receivable from open trades	6,147,032	1,827,460
Interest receivable (net of reserve of $791,292 and $234,690, respectively)	3,566,370	3,026,720
Prepaid expenses and other assets	72,050	152,760
Total assets	618,929,086	634,857,508
LIABILITIES
Interest payable	5,495,223	4,662,695
Payable from open trades	8,413,799	23,184,337
Accounts payable and accrued expenses	79,241	82,565
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Deferred debt financing costs	(1,754,687)	(1,897,076)
Subordinated Notes	111,000,000	111,000,000
Discount on Subordinated Notes	(37,150,912)	(40,130,353)
Total liabilities	694,871,660	705,484,428
NET ASSETS
Ordinary equity, par value $1.00, 250 ordinary shares authorized, 250 and 250 common shares issued and outstanding, respectively	250	250
Total distributable earnings (loss)	(75,942,824)	(70,627,170)
Total net deficit	(75,942,574)	(70,626,920)
Total liabilities and net assets	618,929,086	634,857,508
Accrued base management [Member]
LIABILITIES
Management fee	72,806	72,762
Accrued subordinated management [Member]
LIABILITIES
Management fee	291,226	291,047
Class A-1-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	357,500,000	357,500,000
Class A-2-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	65,000,000	65,000,000
Class B-FL-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	60,500,000	60,500,000
Class B-FXD-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	11,000,000	11,000,000
Class C-FL-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	26,000,000	26,000,000
Class C-FXD-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	6,500,000	6,500,000
Class D-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	39,000,000	39,000,000
Discount	(226,101)	(244,234)
Class E-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	27,625,000	27,625,000
Discount	(2,348,935)	(2,537,315)
Class F-1-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	8,500,000	8,500,000
Class F-2-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	9,375,000	9,375,000
Related Party
Investments at fair value
Due from affiliate (See Note 7)	$ 15,528	$ 119,150

Investment in Saratoga CLO (D_2

Investment in Saratoga CLO (Details) - Schedule of Statements of Assets and Liabilities (Parentheticals) - Saratoga Investment Corp. CLO 2013-1, Ltd. [Member] - USD ($)	Nov. 30, 2023	Feb. 28, 2023
Condensed Balance Sheet Statements, Captions [Line Items]
Amortized cost of loans at fair value	$ 631,773,703	$ 645,599,001
Amortized cost of equities at fair value	615,405	0
Amortized cost of total investments at fair value	632,389,108	645,599,001
Net of reserve	$ 791,292	$ 234,690
Ordinary equity, par value (in Dollars per share)	$ 1	$ 1
Ordinary shares authorized (in Shares)	250	250
Common shares issued (in Shares)	250	250
Common shares outstanding (in Shares)	250	250

Investment in Saratoga CLO (D_3

Investment in Saratoga CLO (Details) - Schedule of Statements of Operations (unaudited) - Investment in Saratoga CLO [Member] - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
INVESTMENT INCOME
Total interest from investments	$ 15,599,943	$ 11,753,670	$ 46,240,246	$ 29,075,284
Interest from cash and cash equivalents	139,759	13,215	480,995	19,320
Other income	286,607	26,224	756,831	141,828
Total investment income	16,026,309	11,793,109	47,478,072	29,236,432
EXPENSES
Interest and debt financing expenses	14,644,320	10,177,731	43,349,057	26,287,544
Base management fee	163,985	163,651	490,793	490,249
Subordinated management fee	655,943	654,604	1,963,174	1,960,994
Professional fees	87,540	53,254	260,431	263,647
Trustee expenses	64,554	64,579	193,588	197,407
Other expense	50,330	93,097	190,215	244,402
Total expenses	15,666,672	11,206,916	46,447,258	29,444,243
NET INVESTMENT INCOME (LOSS)	359,637	586,193	1,030,814	(207,811)
REALIZED AND UNREALIZED LOSS ON INVESTMENTS
Net realized loss from investments	(6,298,909)	(532,640)	(9,048,743)	(1,599,841)
Net change in unrealized depreciation on investments	(313,230)	(10,640,315)	2,702,275	(36,866,766)
Net realized and unrealized gain (loss) on investments	(6,612,139)	(11,172,955)	(6,346,468)	(38,466,607)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ (6,252,502)	$ (10,586,762)	$ (5,315,654)	$ (38,674,418)

Investment in Saratoga CLO (D_4

Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents - Saratoga Investment Corp. CLO 2013-1, Ltd. [Member] - USD ($)		9 Months Ended		12 Months Ended
		Nov. 30, 2023		Feb. 28, 2023
Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Cost		$ 632,389,108		$ 645,599,001
Fair Value		$ 595,446,850		$ 605,954,468
Altisource Solutions S.a r.l. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Common Stock		Term Loan B (03/18)
Asset Name		Equity		Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.73%
Maturity Date				Apr. 03, 2024
Principal/ Number of Shares		15,981		1,126,283
Cost				$ 1,124,635
Fair Value		$ 68,239		$ 893,142
Envision Parent Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Common Stock
Asset Name		Equity
Principal/ Number of Shares		4,410
Cost		$ 175,000
Fair Value		$ 175,000
Envision Parent Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Warrants
Asset Name		Equity
Principal/ Number of Shares		92,837
Cost
Fair Value
Isagenix International, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco
Industry		Common Stock
Asset Name		Equity
Principal/ Number of Shares		86,398
Cost
Fair Value
URS TOPCO LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Cargo
Industry		Common Stock
Asset Name		Equity
Principal/ Number of Shares		25,330
Cost		$ 440,405
Fair Value		$ 500,000
19TH HOLDINGS GOLF, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable		Consumer goods: Durable
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.25%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.68%		7.67%
Maturity Date		Feb. 07, 2029		Feb. 07, 2029
Principal/ Number of Shares		2,479,925		1,997,500
Cost		$ 2,386,376		$ 1,924,905
Fair Value		$ 2,349,729		$ 1,901,380
888 Acquisitions Limited [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		6M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		5.25%		5.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.82%		9.93%
Maturity Date		Jul. 08, 2028		Jul. 08, 2028
Principal/ Number of Shares		2,478,261		2,494,565
Cost		$ 2,165,072		$ 2,143,085
Fair Value		$ 2,378,684		$ 2,126,617
Adtalem Global Education Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan B (02/21)		Term Loan B (02/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.46%		8.63%
Maturity Date		Aug. 11, 2028		Aug. 11, 2028
Principal/ Number of Shares		691,846		691,846
Cost		$ 686,981		$ 686,475
Fair Value		$ 691,127		$ 689,992
Aegis Sciences Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		5.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.13%		10.36%
Maturity Date		May 09, 2025		May 09, 2025
Principal/ Number of Shares		2,318,678		2,349,601
Cost		$ 2,313,318		$ 2,341,307
Fair Value		$ 2,188,252		$ 2,268,540
Agiliti Health Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan B (03/23)		Term Loan (09/20)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3%		2.75%
SOFR/LIBOR Floor		0%		0.75%
Current Rate (All In)		8.39%		7.38%
Maturity Date		May 01, 2030		Jan. 04, 2026
Principal/ Number of Shares		1,678,901		214,286
Cost		$ 1,666,684		$ 213,103
Fair Value		$ 1,665,268		$ 212,946
AHEAD DB Holdings, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan (04/21)		Term Loan (04/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.24%		8.48%
Maturity Date		Oct. 18, 2027		Oct. 18, 2027
Principal/ Number of Shares		2,932,500		2,955,000
Cost		$ 2,860,328		$ 2,871,299
Fair Value		$ 2,896,899		$ 2,915,285
Air Canada [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Consumer		Transportation: Consumer
Industry		Term Loan B (07/21)		Term Loan B (07/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.14%		8.37%
Maturity Date		Aug. 11, 2028		Aug. 11, 2028
Principal/ Number of Shares		1,975,000		1,990,000
Cost		$ 1,852,793		$ 1,851,613
Fair Value		$ 1,971,129		$ 1,984,408
AIS HoldCo, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		5%		5%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.64%		9.83%
Maturity Date		Aug. 15, 2025		Aug. 15, 2025
Principal/ Number of Shares		4,621,420		4,789,642
Cost		$ 4,559,512		$ 4,700,517
Fair Value		$ 4,436,563		$ 4,622,004
AIT Worldwide Logistics Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Cargo		Transportation: Cargo
Industry		Term Loan (04/21)		Term Loan (04/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.17%		9.33%
Maturity Date		Apr. 06, 2028		Apr. 06, 2028
Principal/ Number of Shares		2,481,013		2,500,000
Cost		$ 2,334,057		$ 2,333,827
Fair Value		$ 2,415,266		$ 2,407,300
Alchemy US Holdco 1, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Metals & Mining		Metals & Mining
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD LIBOR+		1M USD LIBOR+
Reference Rate/Spread		7.32%		5.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.42%		5.60%
Maturity Date		Oct. 10, 2025		Oct. 10, 2025
Principal/ Number of Shares		1,654,803		1,654,803
Cost		$ 1,646,697		$ 1,644,633
Fair Value		$ 1,638,255		$ 1,551,378
AlixPartners, LLP [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (01/21)		Term Loan B (01/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.21%		7.38%
Maturity Date		Feb. 04, 2028		Feb. 04, 2028
Principal/ Number of Shares		243,750		245,625
Cost		$ 243,463		$ 245,275
Fair Value		$ 243,947		$ 245,050
Alkermes, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan B (3/21)		Term Loan B (3/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.95%		7.11%
Maturity Date		Mar. 12, 2026		Mar. 12, 2026
Principal/ Number of Shares		2,109,987		2,126,218
Cost		$ 2,099,641		$ 2,112,914
Fair Value		$ 2,096,800		$ 2,062,432
Allen Media, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Diversified & Production		Media: Diversified & Production
Industry		Term Loan (7/21)		Term Loan (7/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		5.50%		5.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		11.04%		10.23%
Maturity Date		Feb. 10, 2027		Feb. 10, 2027
Principal/ Number of Shares		4,360,367		4,394,261
Cost		$ 4,338,867		$ 4,368,566
Fair Value		$ 3,804,420		$ 3,649,434
Alliant Holdings Intermediate, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B4		Term Loan B4
Asset Name		Loan		Loan
Asset Type		1M USD LIBOR+		1M USD LIBOR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.96%		8.09%
Maturity Date		Nov. 05, 2027		Nov. 05, 2027
Principal/ Number of Shares		980,000		987,500
Cost		$ 979,568		$ 986,800
Fair Value		$ 980,372		$ 974,781
Allied Universal Holdco LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan 4/21		Term Loan 4/21
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.20%		8.47%
Maturity Date		May 12, 2028		May 12, 2028
Principal/ Number of Shares		1,960,000		1,975,000
Cost		$ 1,953,189		$ 1,967,474
Fair Value		$ 1,907,727		$ 1,900,404
Altisource Solutions S.a r.l. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (03/18)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.49%
Maturity Date		Apr. 30, 2025
Principal/ Number of Shares		1,100,390
Cost		$ 1,099,813
Fair Value		$ 870,409
Altium Packaging LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan (01/21)		Term Loan (01/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.21%		7.38%
Maturity Date		Jan. 29, 2028		Jan. 29, 2028
Principal/ Number of Shares		487,500		491,250
Cost		$ 485,997		$ 489,554
Fair Value		$ 484,521		$ 480,506
American Axle & Manufacturing Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive		Automotive
Industry		Term Loan (12/22)		Term Loan (12/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.92%		8.16%
Maturity Date		Dec. 13, 2029		Dec. 05, 2029
Principal/ Number of Shares		490,000		500,000
Cost		$ 476,804		$ 485,367
Fair Value		$ 488,927		$ 499,000
American Greetings Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Industry		Term Loan (01/23)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		6%		4.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.35%		9.07%
Maturity Date		Apr. 05, 2028		Apr. 06, 2024
Principal/ Number of Shares		2,990,265		3,012,861
Cost		$ 2,988,626		$ 3,011,462
Fair Value		$ 2,985,271		$ 3,011,596
American Trailer World Corp [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive		Automotive
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.17%		8.47%
Maturity Date		Mar. 03, 2028		Mar. 03, 2028
Principal/ Number of Shares		1,357,439		1,357,439
Cost		$ 1,355,326		$ 1,354,762
Fair Value		$ 1,282,020		$ 1,194,967
AmWINS Group, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan 2/21		Term Loan 2/21
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		7.71%		6.88%
Maturity Date		Feb. 17, 2028		Feb. 17, 2028
Principal/ Number of Shares		1,945,026		1,960,017
Cost		$ 1,928,224		$ 1,940,778
Fair Value		$ 1,941,661		$ 1,926,462
Anastasia Parent LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Non-durable		Consumer goods: Non-durable
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.40%		8.48%
Maturity Date		Aug. 11, 2025		Aug. 11, 2025
Principal/ Number of Shares		950,000		957,500
Cost		$ 948,542		$ 955,643
Fair Value		$ 626,525		$ 791,134
Anchor Glass Container Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan (07/17)		Term Loan (07/17)
Asset Name		Loan		Loan
Asset Type		6M USD LIBOR+		3M USD LIBOR+
Reference Rate/Spread		2.75%		2.75%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		8.04%		7.48%
Maturity Date		Dec. 07, 2023		Dec. 07, 2023
Principal/ Number of Shares		466,406		470,138
Cost		$ 466,399		$ 469,901
Fair Value		$ 377,789		$ 333,915
Anchor Packaging, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.50%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.95%		8.63%
Maturity Date		Jul. 18, 2026		Jul. 18, 2026
Principal/ Number of Shares		1,964,425		977,215
Cost		$ 1,942,201		$ 971,052
Fair Value		$ 1,934,468		$ 952,785
ANI Pharmaceuticals, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		6%		6%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		11.46%		10.63%
Maturity Date		Nov. 19, 2027		Nov. 19, 2027
Principal/ Number of Shares		2,947,500		2,970,000
Cost		$ 2,906,490		$ 2,922,446
Fair Value		$ 2,936,447		$ 2,866,050
AP Core Holdings II LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B1		Term Loan B1
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.96%		10.13%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares		1,800,000		1,875,000
Cost		$ 1,781,280		$ 1,852,824
Fair Value		$ 1,760,994		$ 1,802,344
AP Core Holdings II LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B2		Term Loan B2
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.96%		10.13%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares		500,000		500,000
Cost		$ 494,807		$ 494,095
Fair Value		$ 487,915		$ 480,415
APEX GROUP TREASURY LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		5%		5%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.40%		9.66%
Maturity Date		Jul. 26, 2028		Jul. 26, 2028
Principal/ Number of Shares		496,250		500,000
Cost		$ 468,286		$ 468,464
Fair Value		$ 495,630		$ 497,500
Nuvei Technologies Corp. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		US Term Loan		US Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.96%		7.13%
Maturity Date		Sep. 29, 2025		Sep. 29, 2025
Principal/ Number of Shares		2,199,375		2,216,250
Cost		$ 2,197,567		$ 2,213,211
Fair Value		$ 2,196,978		$ 2,210,709
Olaplex, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Non-durable		Consumer goods: Non-durable
Industry		Term Loan (2/22)		Term Loan (2/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.95%		8.20%
Maturity Date		Feb. 23, 2029		Feb. 23, 2029
Principal/ Number of Shares		2,473,665		2,492,500
Cost		$ 2,379,080		$ 2,386,817
Fair Value		$ 2,261,647		$ 2,224,556
Open Text Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B (08/23)		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		2.75%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.20%		8.22%
Maturity Date		Jan. 31, 2030		Aug. 24, 2029
Principal/ Number of Shares		1,457,369		1,500,000
Cost		$ 1,416,604		$ 1,455,000
Fair Value		$ 1,458,827		$ 1,496,955
Organon & Co. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan USD		Term Loan USD
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.44%		7.75%
Maturity Date		Jun. 02, 2028		Jun. 02, 2028
Principal/ Number of Shares		2,118,750		2,327,083
Cost		$ 2,112,032		$ 2,318,310
Fair Value		$ 2,113,453		$ 2,297,995
Oxbow Carbon, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Metals & Mining
Industry		Term Loan B (04/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.49%
Maturity Date		May 02, 2030
Principal/ Number of Shares		498,750
Cost		$ 489,222
Fair Value		$ 497,817
PACIFIC DENTAL SERVICES, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.96%
Maturity Date		Apr. 21, 2028
Principal/ Number of Shares		897,704
Cost		$ 896,605
Fair Value		$ 896,304
Pacific Gas & Electric [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Utilities: Electric		Utilities: Electric
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.46%		7.69%
Maturity Date		Jun. 18, 2025		Jun. 18, 2025
Principal/ Number of Shares		1,453,675		1,464,944
Cost		$ 1,450,940		$ 1,460,891
Fair Value		$ 1,452,992		$ 1,457,619
PACTIV EVERGREEN GROUP HOLDINGS INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.71%		7.88%
Maturity Date		Sep. 20, 2028		Sep. 20, 2028
Principal/ Number of Shares		975,000		987,500
Cost		$ 971,601		$ 983,571
Fair Value		$ 974,961		$ 981,950
Padagis LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.43%		9.54%
Maturity Date		Jul. 06, 2028		Jul. 06, 2028
Principal/ Number of Shares		941,176		941,176
Cost		$ 934,257		$ 933,570
Fair Value		$ 880,000		$ 864,122
PAR PETROLEUM LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Energy: Oil & Gas		Energy: Oil & Gas
Industry		Term Loan 2/23		Term Loan 2/23
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.74%		8.92%
Maturity Date		Feb. 27, 2030		Feb. 13, 2030
Principal/ Number of Shares		2,489,994		1,500,000
Cost		$ 2,465,456		$ 1,477,500
Fair Value		$ 2,482,723		$ 1,479,375
PATAGONIA HOLDCO LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications		Telecommunications
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		5.75%		5.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		11.12%		10.47%
Maturity Date		Aug. 01, 2029		Aug. 01, 2029
Principal/ Number of Shares		1,980,000		1,995,000
Cost		$ 1,667,115		$ 1,653,635
Fair Value		$ 1,732,500		$ 1,700,738
Pathway Partners Vet Management Company LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.21%		8.38%
Maturity Date		Mar. 30, 2027		Mar. 30, 2027
Principal/ Number of Shares		482,785		486,509
Cost		$ 476,627		$ 479,333
Fair Value		$ 424,450		$ 424,630
PCI Gaming Authority [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.96%		7.13%
Maturity Date		May 29, 2026		May 29, 2026
Principal/ Number of Shares		809,038		809,038
Cost		$ 807,346		$ 806,994
Fair Value		$ 808,488		$ 807,396
PEARLS (Netherlands) Bidco B.V. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Industry		USD Term Loan (02/22)		USD Term Loan (02/22)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.13%		8.43%
Maturity Date		Feb. 28, 2029		Feb. 28, 2029
Principal/ Number of Shares		985,000		992,500
Cost		$ 983,406		$ 990,539
Fair Value		$ 973,919		$ 975,131
PEDIATRIC ASSOCIATES HOLDING COMPANY, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan (12/22)		Term Loan (12/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.71%		7.88%
Maturity Date		Dec. 29, 2028		Dec. 29, 2028
Principal/ Number of Shares		1,478,391		1,292,862
Cost		$ 1,473,623		$ 1,287,663
Fair Value		$ 1,399,549		$ 1,272,396
Penn National Gaming, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.20%		7.47%
Maturity Date		May 03, 2029		May 03, 2029
Principal/ Number of Shares		987,500		995,000
Cost		$ 983,469		$ 990,530
Fair Value		$ 986,937		$ 990,851
Peraton Corp. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense		Aerospace & Defense
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.20%		8.38%
Maturity Date		Feb. 01, 2028		Feb. 01, 2028
Principal/ Number of Shares		5,250,093		5,306,577
Cost		$ 5,236,942		$ 5,291,284
Fair Value		$ 5,213,553		$ 5,249,372
PHYSICIAN PARTNERS, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		4%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.53%		8.72%
Maturity Date		Dec. 23, 2028		Dec. 23, 2028
Principal/ Number of Shares		2,966,209		1,985,000
Cost		$ 2,904,698		$ 1,967,896
Fair Value		$ 2,794,406		$ 1,900,638
Pike Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building		Construction & Building
Industry		Term Loan (8/22)		Term Loan (8/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.85%		8.12%
Maturity Date		Jan. 21, 2028		Jan. 21, 2028
Principal/ Number of Shares		495,000		498,750
Cost		$ 484,990		$ 487,274
Fair Value		$ 494,941		$ 497,294
Pitney Bowes Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.46%		8.73%
Maturity Date		Mar. 17, 2028		Mar. 17, 2028
Principal/ Number of Shares		3,909,849		3,939,924
Cost		$ 3,886,929		$ 3,914,651
Fair Value		$ 3,795,016		$ 3,789,734
Plastipak Holdings Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan B (11/21)		Term Loan B (11/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.95%		7.13%
Maturity Date		Dec. 01, 2028		Dec. 01, 2028
Principal/ Number of Shares		1,906,176		1,921,176
Cost		$ 1,899,212		$ 1,913,386
Fair Value		$ 1,902,612		$ 1,911,974
Playtika Holding Corp. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B (3/21)		Term Loan B (3/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.21%		7.38%
Maturity Date		Mar. 13, 2028		Mar. 13, 2028
Principal/ Number of Shares		4,387,500		4,421,250
Cost		$ 4,381,054		$ 4,414,119
Fair Value		$ 4,355,691		$ 4,370,804
PMHC II, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Industry		Term Loan (02/22)		Term Loan (02/22)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.81%		9.08%
Maturity Date		Apr. 21, 2029		Apr. 21, 2029
Principal/ Number of Shares		1,980,000		1,995,000
Cost		$ 1,972,003		$ 1,986,056
Fair Value		$ 1,769,011		$ 1,710,912
PointClickCare Technologies, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		6M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.76%		7.75%
Maturity Date		Dec. 29, 2027		Dec. 29, 2027
Principal/ Number of Shares		487,500		491,250
Cost		$ 485,978		$ 489,531
Fair Value		$ 486,281		$ 487,566
Polymer Process Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.21%		9.38%
Maturity Date		Feb. 12, 2028		Feb. 12, 2028
Principal/ Number of Shares		5,362,500		5,403,750
Cost		$ 5,324,344		$ 5,359,857
Fair Value		$ 4,985,463		$ 5,025,488
Pre Paid Legal Services Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer		Services: Consumer
Industry		Term Loan (12/21)		Term Loan (12/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.21%		8.38%
Maturity Date		Dec. 15, 2028		Dec. 15, 2028
Principal/ Number of Shares		2,955,000		2,977,500
Cost		$ 2,935,606		$ 2,956,393
Fair Value		$ 2,923,854		$ 2,929,116
Presidio, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan B (1/20)		Term Loan B (1/20)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.98%		8.28%
Maturity Date		Jan. 22, 2027		Jan. 22, 2027
Principal/ Number of Shares		483,750		487,500
Cost		$ 483,344		$ 486,909
Fair Value		$ 483,508		$ 485,267
Prime Security Services Borrower, LLC (ADT) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer		Services: Consumer
Industry		Term Loan B (10/23)		Term Loan (1/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		2.50%		2.75%
SOFR/LIBOR Floor		0%		0.75%
Current Rate (All In)		7.83%		7.52%
Maturity Date		Oct. 11, 2030		Sep. 23, 2026
Principal/ Number of Shares		2,000,000		3,520,468
Cost		$ 1,980,233		$ 3,520,468
Fair Value		$ 2,000,140		$ 3,511,667
PRIORITY HOLDINGS, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer		Services: Consumer
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		5.75%		5.75%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.21%		10.70%
Maturity Date		Apr. 27, 2027		Apr. 27, 2027
Principal/ Number of Shares		2,932,500		2,955,000
Cost		$ 2,913,181		$ 2,932,371
Fair Value		$ 2,921,503		$ 2,936,531
PriSo Acquisition Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building		Construction & Building
Industry		Term Loan (01/21)		Term Loan (01/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.91%		8%
Maturity Date		Dec. 28, 2027		Dec. 28, 2027
Principal/ Number of Shares		487,493		491,245
Cost		$ 485,875		$ 489,458
Fair Value		$ 469,324		$ 450,310
Project Leopard Holdings Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B (06/22)		Term Loan B (06/22)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		6M USD SOFR+
Reference Rate/Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.73%		9.80%
Maturity Date		Jul. 20, 2029		Jul. 20, 2029
Principal/ Number of Shares		992,500		1,000,000
Cost		$ 932,308		$ 933,902
Fair Value		$ 861,619		$ 924,690
PropulsionBCFinco [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.14%
Maturity Date		Sep. 14, 2029
Principal/ Number of Shares		750,000
Cost		$ 742,500
Fair Value		$ 747,855
PUG LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer		Services: Consumer
Industry		Term Loan B (02/20)		Term Loan B (02/20)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.96%		8.13%
Maturity Date		Feb. 12, 2027		Feb. 12, 2027
Principal/ Number of Shares		476,413		480,126
Cost		$ 475,263		$ 478,777
Fair Value		$ 460,634		$ 378,099
Quartz AcquireCo, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.85%
Maturity Date		Jun. 28, 2030
Principal/ Number of Shares		1,000,000
Cost		$ 990,335
Fair Value		$ 1,000,000
QUEST BORROWER LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan (1/22)		Term Loan (1/22)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.78%		9.08%
Maturity Date		Feb. 01, 2029		Feb. 01, 2029
Principal/ Number of Shares		1,975,000		1,990,000
Cost		$ 1,959,333		$ 1,972,710
Fair Value		$ 1,438,788		$ 1,707,539
Rackspace TechnologyGlobal Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan (1/21)		Term Loan (1/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.19%		7.60%
Maturity Date		Feb. 15, 2028		Feb. 15, 2028
Principal/ Number of Shares		2,952,114		2,974,823
Cost		$ 2,872,658		$ 2,882,889
Fair Value		$ 1,203,902		$ 1,863,310
RAND PARENT LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Cargo		Transportation: Cargo
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.64%		8.80%
Maturity Date		Mar. 16, 2030		Feb. 07, 2030
Principal/ Number of Shares		2,487,500		1,500,000
Cost		$ 2,404,220		$ 1,462,500
Fair Value		$ 2,436,506		$ 1,455,000
RealPage, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan (04/21)		Term Loan (04/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.46%		7.63%
Maturity Date		Apr. 24, 2028		Apr. 24, 2028
Principal/ Number of Shares		980,000		987,500
Cost		$ 978,635		$ 985,860
Fair Value		$ 954,892		$ 955,159
Recess Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		1%
Current Rate (All In)		9.39%
Maturity Date		Mar. 17, 2027
Principal/ Number of Shares		1,000,000
Cost		$ 990,639
Fair Value		$ 998,130
Rent-A-Center, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail		Retail
Industry		Term Loan B2 (9/21)		Term Loan B2 (9/21)
Asset Name		Loan		Loan
Asset Type		6M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.12%		8.13%
Maturity Date		Feb. 17, 2028		Feb. 17, 2028
Principal/ Number of Shares		1,865,209		1,976,155
Cost		$ 1,831,318		$ 1,934,422
Fair Value		$ 1,858,215		$ 1,927,997
Research Now Group, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		5.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.14%		10.31%
Maturity Date		Dec. 20, 2024		Dec. 20, 2024
Principal/ Number of Shares		4,264,202		4,298,135
Cost		$ 4,235,793		$ 4,249,328
Fair Value		$ 3,156,832		$ 3,200,305
Resideo Funding Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer		Services: Consumer
Industry		Term Loan (1/21)		Term Loan (1/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.69%		7.12%
Maturity Date		Feb. 11, 2028		Feb. 11, 2028
Principal/ Number of Shares		1,462,500		1,473,750
Cost		$ 1,461,040		$ 1,471,623
Fair Value		$ 1,463,231		$ 1,471,908
Resolute Investment Managers (American Beacon), Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (10/20)		Term Loan (10/20)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		9.79%		8.98%
Maturity Date		Apr. 30, 2024		Apr. 30, 2024
Principal/ Number of Shares		3,004,051		3,038,616
Cost		$ 3,002,736		$ 3,035,050
Fair Value		$ 1,903,817		$ 2,385,313
Restoration Hardware, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail		Retail
Industry		Term Loan (9/21)		Term Loan (9/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.96%		7.13%
Maturity Date		Oct. 20, 2028		Oct. 20, 2028
Principal/ Number of Shares		3,436,140		3,462,437
Cost		$ 3,431,061		$ 3,456,353
Fair Value		$ 3,242,857		$ 3,320,477
Reynolds Consumer Products LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.17%		6.47%
Maturity Date		Jan. 29, 2027		Jan. 29, 2027
Principal/ Number of Shares		1,148,220		1,276,932
Cost		$ 1,148,220		$ 1,276,737
Fair Value		$ 1,147,347		$ 1,273,880
Reynolds Group Holdings Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan B2		Term Loan B2
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.71%		7.88%
Maturity Date		Feb. 05, 2026		Feb. 05, 2026
Principal/ Number of Shares		1,933,578		3,124,551
Cost		$ 1,928,916		$ 3,114,804
Fair Value		$ 1,935,918		$ 3,114,302
Russell Investments US Inst’l Holdco, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (10/20)		Term Loan (10/20)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		8.92%		8.13%
Maturity Date		Jun. 02, 2025		Jun. 02, 2025
Principal/ Number of Shares		5,503,217		5,590,662
Cost		$ 5,484,868		$ 5,565,048
Fair Value		$ 5,146,884		$ 5,499,813
RV Retailer LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive		Automotive
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.19%		8.55%
Maturity Date		Feb. 08, 2028		Feb. 08, 2028
Principal/ Number of Shares		2,935,225		2,957,631
Cost		$ 2,896,162		$ 2,912,519
Fair Value		$ 2,348,180		$ 2,516,441
Ryan Specialty Group LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.45%		7.72%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares		1,467,278		1,478,623
Cost		$ 1,457,466		$ 1,467,543
Fair Value		$ 1,467,278		$ 1,474,010
S&S HOLDINGS LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		5%		5%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.50%		9.83%
Maturity Date		Mar. 10, 2028		Mar. 10, 2028
Principal/ Number of Shares		2,439,950		2,458,719
Cost		$ 2,397,129		$ 2,409,819
Fair Value		$ 2,353,332		$ 2,349,625
Sally Holdings LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail		Retail
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		2.25%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.60%		7.06%
Maturity Date		Feb. 28, 2030		Mar. 24, 2030
Principal/ Number of Shares		497,500		500,000
Cost		$ 494,003		$ 496,250
Fair Value		$ 497,500		$ 498,750
Schweitzer-Mauduit International, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.21%		8.44%
Maturity Date		Apr. 20, 2028		Apr. 20, 2028
Principal/ Number of Shares		2,932,500		2,955,000
Cost		$ 2,921,724		$ 2,942,014
Fair Value		$ 2,888,513		$ 2,895,900
Scientific Games Holdings LP [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.91%		8.10%
Maturity Date		Apr. 04, 2029		Apr. 04, 2029
Principal/ Number of Shares		495,000		498,750
Cost		$ 494,105		$ 497,703
Fair Value		$ 492,129		$ 489,942
Sedgwick Claims Management Services, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan B 2/23		Term Loan B 2/23
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.10%		8.32%
Maturity Date		Feb. 17, 2028		Feb. 17, 2028
Principal/ Number of Shares		995,000		1,000,000
Cost		$ 986,084		$ 990,000
Fair Value		$ 995,746		$ 987,500
SETANTA AIRCRAFT LEASING DAC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense		Aerospace & Defense
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.65%		6.73%
Maturity Date		Nov. 02, 2028		Nov. 02, 2028
Principal/ Number of Shares		1,000,000		1,000,000
Cost		$ 998,223		$ 998,000
Fair Value		$ 999,690		$ 991,250
Sitel Worldwide Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		USD Term Loan (7/21)		USD Term Loan (7/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.21%		8.39%
Maturity Date		Aug. 28, 2028		Aug. 28, 2028
Principal/ Number of Shares		1,960,000		1,975,000
Cost		$ 1,953,329		$ 1,967,031
Fair Value		$ 1,868,860		$ 1,966,982
SiteOne Landscape Supply, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan (3/21)		Term Loan (3/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2%		2%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.46%		6.64%
Maturity Date		Mar. 18, 2028		Mar. 18, 2028
Principal/ Number of Shares		1,270,636		777,852
Cost		$ 1,264,813		$ 776,450
Fair Value		$ 1,270,636		$ 774,609
SMG US Midco 2, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan (01/20)		Term Loan (01/20)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		2.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.14%		7.33%
Maturity Date		Jan. 23, 2025		Jan. 23, 2025
Principal/ Number of Shares		481,250		485,000
Cost		$ 481,250		$ 485,000
Fair Value		$ 481,009		$ 479,243
Smyrna Ready Mix Concrete, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building		Construction & Building
Industry		Term Loan B		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.50%		4.25%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		8.83%		8.97%
Maturity Date		Apr. 01, 2029		Apr. 02, 2029
Principal/ Number of Shares		514,217		1,000,000
Cost		$ 510,649		$ 992,500
Fair Value		$ 514,217		$ 995,000
Sotheby’s [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan (7/21)		Term Loan (7/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		4.50%		4.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.16%		9.33%
Maturity Date		Jan. 15, 2027		Jan. 15, 2027
Principal/ Number of Shares		3,199,197		3,223,744
Cost		$ 3,165,699		$ 3,183,482
Fair Value		$ 3,108,212		$ 3,209,237
Sparta U.S. HoldCo LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Industry		Term Loan (04/21)		Term Loan (04/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.68%		7.82%
Maturity Date		Aug. 02, 2028		Aug. 02, 2028
Principal/ Number of Shares		1,965,000		1,980,000
Cost		$ 1,958,268		$ 1,972,123
Fair Value		$ 1,943,955		$ 1,964,160
Specialty Pharma III Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.70%		8.88%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares		1,960,000		1,975,000
Cost		$ 1,946,802		$ 1,959,930
Fair Value		$ 1,901,200		$ 1,821,938
Spin Holdco, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer		Services: Consumer
Industry		Term Loan 3/21		Term Loan 3/21
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.66%		8.77%
Maturity Date		Mar. 04, 2028		Mar. 04, 2028
Principal/ Number of Shares		2,925,000		2,947,500
Cost		$ 2,914,050		$ 2,935,211
Fair Value		$ 2,530,652		$ 2,475,487
Spirit Aerosystems Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense		Aerospace & Defense
Industry		Term Loan		Term Loan (11/22)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		4.25%		4.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.62%		9.18%
Maturity Date		Jan. 14, 2027		Jan. 14, 2027
Principal/ Number of Shares				498,750
Cost		$ 3,010		$ 484,414
Fair Value				$ 498,541
SRAM, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable		Consumer goods: Durable
Industry		Term Loan (05/21)		Term Loan (05/21)
Asset Name		Loan		Loan
Asset Type		1M USD LIBOR+		1M USD LIBOR+
Reference Rate/Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.94%		7.38%
Maturity Date		May 12, 2028		May 12, 2028
Principal/ Number of Shares		2,654,545		2,709,091
Cost		$ 2,651,633		$ 2,705,948
Fair Value		$ 2,637,955		$ 2,682,000
STANDARD INDUSTRIES INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building		Construction & Building
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		6M USD LIBOR+
Reference Rate/Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.70%		6.43%
Maturity Date		Sep. 22, 2028		Sep. 22, 2028
Principal/ Number of Shares		622,750		630,250
Cost		$ 618,411		$ 625,240
Fair Value		$ 622,750		$ 628,032
Staples, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Wholesale		Wholesale
Industry		Term Loan (03/19)		Term Loan (03/19)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		5%		5%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.43%		9.81%
Maturity Date		Apr. 16, 2026		Apr. 16, 2026
Principal/ Number of Shares		4,307,528		4,341,357
Cost		$ 4,232,220		$ 4,246,081
Fair Value		$ 3,927,647		$ 4,013,802
Star Parent Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan B (09/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.39%
Maturity Date		Sep. 19, 2030
Principal/ Number of Shares		1,250,000
Cost		$ 1,231,694
Fair Value		$ 1,220,663
Storable, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.85%		8.08%
Maturity Date		Apr. 17, 2028		Apr. 17, 2028
Principal/ Number of Shares		491,250		495,000
Cost		$ 490,647		$ 494,153
Fair Value		$ 486,686		$ 482,318
Summit Materials, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Metals & Mining		Metals & Mining
Industry		Term Loan B (12/22)		Term Loan B (12/22)
Asset Name		Loan		Loan
Asset Type		6M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.57%		7.61%
Maturity Date		Dec. 13, 2027		Dec. 13, 2027
Principal/ Number of Shares		248,125		250,000
Cost		$ 246,032		$ 247,640
Fair Value		$ 248,311		$ 249,583
Superannuation & Investments US LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.21%		8.38%
Maturity Date		Dec. 01, 2028		Dec. 01, 2028
Principal/ Number of Shares		982,500		990,000
Cost		$ 975,039		$ 981,648
Fair Value		$ 980,348		$ 984,515
Sweetwater Borrower, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail		Retail
Industry		Term Loan (8/21)		Term Loan (8/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.71%		8.94%
Maturity Date		Aug. 02, 2028		Aug. 02, 2028
Principal/ Number of Shares		1,897,331		2,000,000
Cost		$ 1,817,038		$ 1,905,968
Fair Value		$ 1,864,128		$ 1,880,000
Syncsort Incorporated [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B (10/21)		Term Loan B (10/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.64%		8.82%
Maturity Date		Apr. 24, 2028		Apr. 24, 2028
Principal/ Number of Shares		2,451,228		2,469,987
Cost		$ 2,450,470		$ 2,468,993
Fair Value		$ 2,389,947		$ 2,243,984
Ta TT Buyer LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Broadcasting & Subscription
Industry		Term Loan 3/22
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.39%
Maturity Date		Apr. 02, 2029
Principal/ Number of Shares		990,000
Cost		$ 981,723
Fair Value		$ 987,525
Tenable Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan B (6/21)		Term Loan B (6/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.21%		7.58%
Maturity Date		Jul. 07, 2028		Jul. 07, 2028
Principal/ Number of Shares		982,500		990,000
Cost		$ 980,870		$ 988,026
Fair Value		$ 980,044		$ 980,922
Teneo Holdings LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		5.25%		5.25%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.70%		9.97%
Maturity Date		Jul. 15, 2025		Jul. 15, 2025
Principal/ Number of Shares		4,349,239		4,383,217
Cost		$ 4,311,114		$ 4,330,652
Fair Value		$ 4,335,669		$ 4,322,948
Ten-X, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan 5/23		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		6%		4%
SOFR/LIBOR Floor		0%		1%
Current Rate (All In)		11.35%		8.63%
Maturity Date		May 25, 2028		Sep. 27, 2024
Principal/ Number of Shares		1,885,000		1,900,000
Cost		$ 1,884,599		$ 1,899,296
Fair Value		$ 1,791,334		$ 1,819,250
The Dun & Bradstreet Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.34%		7.85%
Maturity Date		Jan. 18, 2029		Jan. 18, 2029
Principal/ Number of Shares		246,250		248,125
Cost		$ 244,835		$ 246,554
Fair Value		$ 246,250		$ 246,636
The Dun & Bradstreet Corporation One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan B (7/23)		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.75%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.19%		7.87%
Maturity Date		Feb. 06, 2026		Feb. 06, 2026
Principal/ Number of Shares		905,556		962,949
Cost		$ 905,108		$ 962,285
Fair Value		$ 905,701		$ 960,021
Thor Industries, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive		Automotive
Industry		Term Loan B2		USD Term Loan (3/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.75%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.07%		7.69%
Maturity Date		Nov. 15, 2030		Feb. 01, 2026
Principal/ Number of Shares		847,276		2,015,823
Cost		$ 838,835		$ 1,990,264
Fair Value		$ 849,394		$ 2,004,494
Torrid LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Wholesale		Wholesale
Industry		Term Loan 5/21		Term Loan 5/21
Asset Name		Loan		Loan
Asset Type		6M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		11.26%		10.31%
Maturity Date		Jun. 14, 2028		Jun. 14, 2028
Principal/ Number of Shares		3,339,681		2,978,835
Cost		$ 2,907,402		$ 2,540,024
Fair Value		$ 2,237,586		$ 2,529,031
TORY BURCH LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail		Retail
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.25%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.71%		8.13%
Maturity Date		Apr. 15, 2028		Apr. 15, 2028
Principal/ Number of Shares		2,314,001		1,329,211
Cost		$ 2,172,572		$ 1,232,469
Fair Value		$ 2,287,321		$ 1,268,147
Tosca Services, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass		Containers, Packaging & Glass
Industry		Term Loan (2/21)		Term Loan (2/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.14%		8.23%
Maturity Date		Aug. 18, 2027		Aug. 18, 2027
Principal/ Number of Shares		486,250		490,000
Cost		$ 482,017		$ 485,078
Fair Value		$ 399,941		$ 383,180
Trans Union LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.71%		6.88%
Maturity Date		Dec. 01, 2028		Dec. 01, 2028
Principal/ Number of Shares		619,597		796,452
Cost		$ 618,540		$ 794,928
Fair Value		$ 619,386		$ 791,203
Transdigm, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense		Aerospace & Defense
Industry		Term Loan H		Term Loan H
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.64%		7.83%
Maturity Date		Feb. 21, 2027		Feb. 21, 2027
Principal/ Number of Shares		1,978,420		1,993,370
Cost		$ 1,975,263		$ 1,990,666
Fair Value		$ 1,979,349		$ 1,989,941
TRITON WATER HOLDINGS, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Industry		Term Loan (03/21)		Term Loan (03/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		3.25%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.90%		8.23%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares		1,466,253		1,477,502
Cost		$ 1,461,285		$ 1,471,933
Fair Value		$ 1,440,594		$ 1,372,422
Tronox Finance LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.50%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.96%		6.88%
Maturity Date		Mar. 10, 2028		Mar. 10, 2028
Principal/ Number of Shares		346,923		346,923
Cost		$ 346,508		$ 346,338
Fair Value		$ 342,285		$ 340,907
Tronox Finance LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Incremental Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.85%
Maturity Date		Aug. 11, 2028
Principal/ Number of Shares		2,000,000
Cost		$ 1,980,723
Fair Value		$ 1,989,380
TruGreen Limited Partnership [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer		Services: Consumer
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.45%		8.63%
Maturity Date		Oct. 29, 2027		Oct. 29, 2027
Principal/ Number of Shares		947,196		954,501
Cost		$ 942,620		$ 949,189
Fair Value		$ 887,324		$ 873,368
Uber Technologies, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Consumer		Transportation: Consumer
Industry		Term Loan 2/23		Term Loan B (2/21)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		2.75%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.16%		8.45%
Maturity Date		Feb. 27, 2030		Feb. 25, 2027
Principal/ Number of Shares		396,688		3,906,277
Cost		$ 395,747		$ 3,874,854
Fair Value		$ 397,434		$ 3,913,620
Ultra Clean Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Incremental Term Loan 3/21		Incremental Term Loan 3/21
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.21%		8.38%
Maturity Date		Aug. 27, 2025		Aug. 27, 2025
Principal/ Number of Shares		769,730		820,338
Cost		$ 768,007		$ 817,776
Fair Value		$ 769,968		$ 819,928
Unimin Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Metals & Mining		Metals & Mining
Industry		Term Loan (12/20)		Term Loan (12/20)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		4%		4%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		9.68%		8.78%
Maturity Date		Jul. 31, 2026		Jul. 31, 2026
Principal/ Number of Shares		496,815		496,815
Cost		$ 480,224		$ 476,431
Fair Value		$ 491,936		$ 489,984
United Natural Foods, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.71%		7.98%
Maturity Date		Oct. 22, 2025		Oct. 22, 2025
Principal/ Number of Shares		1,270,714		1,289,967
Cost		$ 1,243,594		$ 1,252,901
Fair Value		$ 1,265,263		$ 1,291,309
Univision Communications Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Industry		Term Loan B (6/21)		Term Loan B (6/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.71%		7.88%
Maturity Date		Mar. 15, 2026		Mar. 15, 2026
Principal/ Number of Shares		2,428,019		2,446,648
Cost		$ 2,423,974		$ 2,441,783
Fair Value		$ 2,423,770		$ 2,426,610
Univision Communications Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Industry		Term Loan B (6/22)		Term Loan B (6/22)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.64%		8.83%
Maturity Date		Jun. 25, 2029		Jun. 25, 2029
Principal/ Number of Shares		246,875		248,750
Cost		$ 240,628		$ 241,881
Fair Value		$ 246,413		$ 248,233
USI T/L [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Industry		Term Loan (09/23)
Asset Name		Loan
Cost		$ 2
Utz Quality Foods, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.64%		7.73%
Maturity Date		Jan. 20, 2028		Jan. 20, 2028
Principal/ Number of Shares		1,814,474		1,828,465
Cost		$ 1,813,602		$ 1,827,288
Fair Value		$ 1,811,643		$ 1,825,046
Vaco Holdings, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan (01/22)		Term Loan (01/22)
Asset Name		Loan		Loan
Asset Type		6M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		5%		5%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.59%		9.73%
Maturity Date		Jan. 19, 2029		Jan. 19, 2029
Principal/ Number of Shares		2,324,466		2,342,210
Cost		$ 2,264,168		$ 2,275,198
Fair Value		$ 2,243,110		$ 2,310,989
Vericast Corp. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		7.75%
SOFR/LIBOR Floor		1%
Current Rate (All In)		13.40%
Maturity Date		Jun. 15, 2026
Principal/ Number of Shares		1,201,006
Cost		$ 1,200,103
Fair Value		$ 1,138,950
Vericast Corp. [Member] | Vericast Corp. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Advertising, Printing & Publishing
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				7.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				12.33%
Maturity Date				Jun. 15, 2026
Principal/ Number of Shares				1,201,006
Cost				$ 1,199,817
Fair Value				$ 939,787
Verifone Systems, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (7/18)		Term Loan (7/18)
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.64%		8.96%
Maturity Date		Aug. 20, 2025		Aug. 20, 2025
Principal/ Number of Shares		1,357,316		1,368,031
Cost		$ 1,354,603		$ 1,364,137
Fair Value		$ 1,284,197		$ 1,269,875
Vertex Aerospace Services Corp [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense		Aerospace & Defense
Industry		Term Loan (10/21)		Term Loan (10/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.25%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.70%		8.13%
Maturity Date		Dec. 06, 2028		Dec. 06, 2028
Principal/ Number of Shares		985,000		992,500
Cost		$ 981,666		$ 988,789
Fair Value		$ 983,926		$ 987,895
VFH Parent LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (01/22)		Term Loan (01/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.45%		7.66%
Maturity Date		Jan. 12, 2029		Jan. 12, 2029
Principal/ Number of Shares		3,069,879		3,069,879
Cost		$ 3,064,493		$ 3,063,097
Fair Value		$ 3,059,135		$ 3,036,111
Viasat Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications		Telecommunications
Industry		Term Loan (2/22)		Term Loan (2/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		4.50%		4.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.85%		9.23%
Maturity Date		Mar. 02, 2029		Mar. 02, 2029
Principal/ Number of Shares		2,974,912		1,994,987
Cost		$ 2,913,288		$ 1,948,951
Fair Value		$ 2,859,218		$ 1,967,137
Virtus Investment Partners, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (9/21)		Term Loan B (9/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.71%		6.85%
Maturity Date		Sep. 28, 2028		Sep. 28, 2028
Principal/ Number of Shares		2,830,909		2,853,409
Cost		$ 2,824,386		$ 2,845,646
Fair Value		$ 2,823,832		$ 2,834,377
Vistra Energy Corp [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Utilities: Electric		Utilities: Electric
Industry		2018 Incremental Term Loan		2018 Incremental Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.21%		6.38%
Maturity Date		Dec. 31, 2025		Dec. 31, 2025
Principal/ Number of Shares		889,393		897,014
Cost		$ 889,296		$ 896,802
Fair Value		$ 889,508		$ 895,023
Vizient, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan 4/22		Term Loan 4/22
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.70%		6.91%
Maturity Date		May 16, 2029		May 16, 2029
Principal/ Number of Shares		493,750		497,500
Cost		$ 489,630		$ 492,868
Fair Value		$ 494,367		$ 496,525
VM Consolidated, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building		Construction & Building
Industry		Term Loan B (3/21)		Term Loan B (3/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.25%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.71%		7.88%
Maturity Date		Mar. 24, 2028		Mar. 24, 2028
Principal/ Number of Shares		1,847,267		2,185,087
Cost		$ 1,845,878		$ 2,183,095
Fair Value		$ 1,851,497		$ 2,180,170
Vouvray US Finance LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		6%		6%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.35%		10.62%
Maturity Date		Sep. 30, 2025		Sep. 09, 2025
Principal/ Number of Shares		467,500		471,250
Cost		$ 467,500		$ 471,250
Fair Value		$ 461,268		$ 442,386
Walker & Dunlop, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (12/22)		Term Loan B (12/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.45%		7.72%
Maturity Date		Dec. 15, 2028		Dec. 15, 2028
Principal/ Number of Shares		497,500		500,000
Cost		$ 488,708		$ 490,249
Fair Value		$ 495,013		$ 496,250
Warner Music Group Corp. (WMG Acquisition Corp.) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Industry		Term Loan G		Term Loan Incremental (11/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		2.13%		3%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		7.59%		7.62%
Maturity Date		Jan. 20, 2028		Jan. 19, 2028
Principal/ Number of Shares		1,250,000		500,000
Cost		$ 1,249,887		$ 490,562
Fair Value		$ 1,249,225		$ 498,960
Watlow Electric Manufacturing Company [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan B		Term Loan B
Asset Name		Loan		Loan
Asset Type		3M USD SOFR+		3M USD SOFR+
Reference Rate/Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.40%		8.69%
Maturity Date		Mar. 02, 2028		Mar. 02, 2028
Principal/ Number of Shares		2,893,795		2,456,250
Cost		$ 2,883,133		$ 2,447,468
Fair Value		$ 2,861,848		$ 2,417,368
WeddingWire Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan (09/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.85%
Maturity Date		Jan. 29, 2028
Principal/ Number of Shares		4,808,923
Cost		$ 4,805,746
Fair Value		$ 4,742,801
WEX Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business		Services: Business
Industry		Term Loan B (3/21)		Term Loan B (3/21)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.71%		6.88%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares		2,932,368		2,954,924
Cost		$ 2,925,031		$ 2,946,492
Fair Value		$ 2,934,890		$ 2,944,582
WildBrain Ltd. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Diversified & Production		Media: Diversified & Production
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.71%		8.98%
Maturity Date		Mar. 27, 2028		Mar. 27, 2028
Principal/ Number of Shares		1,950,000		1,965,000
Cost		$ 1,923,431		$ 1,935,307
Fair Value		$ 1,890,291		$ 1,864,903
Wyndham Hotels & Resorts, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan  5/23
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.70%
Maturity Date		May 24, 2030
Principal/ Number of Shares		997,500
Cost		$ 992,657
Fair Value		$ 998,468
Xerox 10/23 T/L B [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.68%
Maturity Date		Oct. 16, 2028
Cost		$ 263
Xperi Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		High Tech Industries
Industry		Term Loan		Term Loan
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD LIBOR+
Reference Rate/Spread		3.50%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.97%		8.13%
Maturity Date		Jun. 08, 2028		Jun. 08, 2028
Principal/ Number of Shares		2,188,346		2,427,446
Cost		$ 2,183,612		$ 2,420,580
Fair Value		$ 2,180,819		$ 2,388,752
Zayo Group, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications		Telecommunications
Industry		Term Loan 4/22		Term Loan 4/22
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.67%		8.87%
Maturity Date		Mar. 09, 2027		Mar. 09, 2027
Principal/ Number of Shares		985,000		992,500
Cost		$ 966,759		$ 971,029
Fair Value		$ 838,068		$ 842,027
ZEBRA BUYER (Allspring) LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan 4/21
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.95%
Maturity Date		Nov. 01, 2028
Principal/ Number of Shares		1,871,259
Cost		$ 1,862,197
Fair Value		$ 1,841,524
Zekelman Industries, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Metals & Mining		Metals & Mining
Industry		Term Loan (01/20)		Term Loan (01/20)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		3M USD LIBOR+
Reference Rate/Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.44%		6.73%
Maturity Date		Jan. 25, 2027		Jan. 25, 2027
Principal/ Number of Shares		955,889		961,471
Cost		$ 955,889		$ 961,471
Fair Value		$ 952,964		$ 948,251
Zest Acquisition Corp. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Industry		Term Loan (1/23)		Term Loan (1/23)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		5.50%		5.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.85%		10.07%
Maturity Date		Feb. 08, 2028		Jan. 31, 2028
Principal/ Number of Shares		1,985,000		2,000,000
Cost		$ 1,898,214		$ 1,901,512
Fair Value		$ 1,935,375		$ 1,928,340
Zodiac Pool Solutions [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries		Consumer goods: Durable
Industry		Term Loan (1/22)		Term Loan (1/22)
Asset Name		Loan		Loan
Asset Type		1M USD SOFR+		1M USD SOFR+
Reference Rate/Spread		4.25%		2%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		9.70%		6.72%
Maturity Date		Nov. 28, 2025		Jan. 29, 2029
Principal/ Number of Shares		491,250		495,000
Cost		$ 490,406		$ 494,015
Fair Value		$ 489,161		$ 490,192
ADMI Corp. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.63%
Maturity Date				Apr. 30, 2025
Principal/ Number of Shares				1,910,276
Cost				$ 1,907,516
Fair Value				$ 1,825,517
Agiliti Health Inc.One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan (1/19)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.38%
Maturity Date				Jan. 04, 2026
Principal/ Number of Shares				1,468,430
Cost				$ 1,463,378
Fair Value				$ 1,457,416
AI Convoy (Luxembourg) S.a.r.l. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Aerospace & Defense
Industry				Term Loan B (USD)
Asset Name				Loan
Asset Type				6M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.17%
Maturity Date				Jan. 18, 2027
Principal/ Number of Shares
Cost
Fair Value
AL GCX Holdings (Arclight) T/L B [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Energy: Oil & Gas
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.28%
Maturity Date				May 17, 2029
Principal/ Number of Shares				976,802
Cost				$ 971,918
Fair Value				$ 975,581
American Airlines T/L (2/23) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Transportation: Consumer
Industry				Term Loan
Asset Name				Loan
Asset Type
Reference Rate/Spread
SOFR/LIBOR Floor
Current Rate (All In)
Maturity Date
Principal/ Number of Shares
Cost				$ 27
Fair Value
APi Group DE, Inc. (J2 Acquisition) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.13%
Maturity Date				Oct. 01, 2026
Principal/ Number of Shares				1,757,184
Cost				$ 1,751,429
Fair Value				$ 1,754,548
APLP Holdings Limited Partnership [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Energy: Electricity
Industry				Term Loan B (3/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.48%
Maturity Date				May 14, 2027
Principal/ Number of Shares				440,541
Cost				$ 437,327
Fair Value				$ 440,726
Apollo Commercial Real Estate Finance, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.38%
Maturity Date				May 15, 2026
Principal/ Number of Shares				2,939,086
Cost				$ 2,914,348
Fair Value				$ 2,850,914
Apollo Commercial Real Estate Finance, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B1 (2/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.13%
Maturity Date				Mar. 06, 2028
Principal/ Number of Shares				982,500
Cost				$ 975,109
Fair Value				$ 928,463
AppLovin Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan (10/21)
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3.10%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.70%
Maturity Date				Oct. 21, 2028
Principal/ Number of Shares				1,488,750
Cost				$ 1,485,729
Fair Value				$ 1,472,002
AppLovin Corporation One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3.35%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.94%
Maturity Date				Aug. 15, 2025
Principal/ Number of Shares				979,592
Cost				$ 979,592
Fair Value				$ 972,245
Aramark Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan B (4/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.13%
Maturity Date				Apr. 01, 2028
Principal/ Number of Shares				1,753,715
Cost				$ 1,747,448
Fair Value				$ 1,747,139
Aramark Corporation One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.38%
Maturity Date				Jan. 15, 2027
Principal/ Number of Shares				2,331,250
Cost				$ 2,280,733
Fair Value				$ 2,305,023
ARC FALCON I INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.38%
Maturity Date				Sep. 23, 2028
Principal/ Number of Shares				863,885
Cost				$ 860,682
Fair Value				$ 811,836
ARC FALCON I INC. (a) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]			Chemicals, Plastics, & Rubber
Industry	[1]			Delayed Draw Term Loan
Asset Name	[1]			Loan
Asset Type	[1]			3M USD LIBOR+
Reference Rate/Spread	[1]			1%
SOFR/LIBOR Floor	[1]			0.50%
Current Rate (All In)	[1]			1%
Maturity Date	[1]			Sep. 29, 2028
Principal/ Number of Shares	[1]
Cost	[1]			$ (512)
Fair Value	[1]			$ (7,675)
Arches Buyer Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.97%
Maturity Date				Dec. 06, 2027
Principal/ Number of Shares				1,484,848
Cost				$ 1,477,106
Fair Value				$ 1,395,758
Aretec Group, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (10/18)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.97%
Maturity Date				Oct. 01, 2025
Principal/ Number of Shares				1,916,203
Cost				$ 1,913,228
Fair Value				$ 1,887,460
ASP BLADE HOLDINGS, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Capital Equipment
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.73%
Maturity Date				Oct. 07, 2028
Principal/ Number of Shares				99,059
Cost				$ 98,658
Fair Value				$ 82,491
Asplundh Tree Expert, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan 2/21
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.38%
Maturity Date				Sep. 07, 2027
Principal/ Number of Shares				977,500
Cost				$ 974,396
Fair Value				$ 974,010
AssuredPartners Capital, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B (2/20)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.13%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares				989,796
Cost				$ 986,847
Fair Value				$ 967,773
Assuredpartners Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.12%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares				496,250
Cost				$ 495,400
Fair Value				$ 485,084
Assuredpartners Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Incremental Term Loan (7/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.13%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares				985,000
Cost				$ 985,000
Fair Value				$ 962,838
ASTRO ONE ACQUISITION CORPORATION [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				5.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.23%
Maturity Date				Sep. 15, 2028
Principal/ Number of Shares				2,970,000
Cost				$ 2,946,187
Fair Value				$ 1,767,150
Asurion, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B10
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.68%
Maturity Date				Aug. 19, 2028
Principal/ Number of Shares				1,995,000
Cost				$ 1,901,937
Fair Value				$ 1,866,741
Asurion, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B8
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.88%
Maturity Date				Dec. 18, 2026
Principal/ Number of Shares				2,964,858
Cost				$ 2,956,667
Fair Value				$ 2,817,683
ATHENAHEALTH GROUP INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B (2/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.06%
Maturity Date				Feb. 15, 2029
Principal/ Number of Shares				1,330,543
Cost				$ 1,325,206
Fair Value				$ 1,227,426
ATHENAHEALTH GROUP INC. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]			Healthcare & Pharmaceuticals
Industry	[1]			Delayed Draw Term Loan (02/22)
Asset Name	[1]			Loan
Asset Type	[1]			3M USD LIBOR+
Reference Rate/Spread	[1]			3.50%
SOFR/LIBOR Floor	[1]			0.50%
Current Rate (All In)	[1]			3.50%
Maturity Date	[1]			Feb. 15, 2029
Principal/ Number of Shares	[1]
Cost	[1]
Fair Value	[1]			$ (12,636)
Avison Young (Canada) Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan (08/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				7%
SOFR/LIBOR Floor				0%
Current Rate (All In)				11.73%
Maturity Date				Jan. 31, 2026
Principal/ Number of Shares				748,125
Cost				$ 708,918
Fair Value				$ 635,906
Avison Young (Canada) Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				5.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				10.48%
Maturity Date				Jan. 31, 2026
Principal/ Number of Shares				3,370,882
Cost				$ 3,344,831
Fair Value				$ 2,646,142
Avolon TLB Borrower 1 (US) LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Capital Equipment
Industry				Term Loan B5 (7/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				6.85%
Maturity Date				Dec. 01, 2027
Principal/ Number of Shares				490,000
Cost				$ 486,530
Fair Value				$ 489,539
Avolon TLB Borrower 1 (US) LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Capital Equipment
Industry				Term Loan B3
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				6.35%
Maturity Date				Jan. 15, 2025
Principal/ Number of Shares				1,000,000
Cost				$ 932,184
Fair Value				$ 998,440
Axalta Coating Systems Dutch Holding B B.V. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan B-4 Dollar
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.51%
Maturity Date				Dec. 07, 2029
Principal/ Number of Shares				1,000,000
Cost				$ 990,447
Fair Value				$ 1,003,570
AZURITY PHARMACEUTICALS, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				6%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.75%
Maturity Date				Sep. 20, 2027
Principal/ Number of Shares				475,000
Cost				$ 463,094
Fair Value				$ 457,188
B&G Foods, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Beverage, Food & Tobacco
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.13%
Maturity Date				Oct. 10, 2026
Principal/ Number of Shares				642,295
Cost				$ 638,890
Fair Value				$ 613,391
B.C. Unlimited Liability Co (Burger King) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Beverage, Food & Tobacco
Industry				Term Loan B4
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.38%
Maturity Date				Nov. 19, 2026
Principal/ Number of Shares				1,455,000
Cost				$ 1,430,342
Fair Value				$ 1,440,712
BAKELITE UK INTERMEDIATE LTD. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.73%
Maturity Date				May 29, 2029
Principal/ Number of Shares				995,000
Cost				$ 990,609
Fair Value				$ 940,275
Baldwin Risk Partners, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.10%
Maturity Date				Oct. 14, 2027
Principal/ Number of Shares				1,226,325
Cost				$ 1,215,617
Fair Value				$ 1,205,637
Bausch Health Companies Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B (1/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				5.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.91%
Maturity Date				Feb. 01, 2027
Principal/ Number of Shares				1,950,000
Cost				$ 1,764,574
Fair Value				$ 1,534,299
Belfor Holdings Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan B-2 (3/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.87%
Maturity Date				Apr. 06, 2026
Principal/ Number of Shares				994,911
Cost				$ 971,026
Fair Value				$ 992,424
Belfor Holdings Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.63%
Maturity Date				Apr. 06, 2026
Principal/ Number of Shares				245,547
Cost				$ 245,547
Fair Value				$ 244,995
Belron Finance US LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Automotive
Industry				Term Loan B (3/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.38%
Maturity Date				Apr. 13, 2028
Principal/ Number of Shares				1,965,000
Cost				$ 1,950,181
Fair Value				$ 1,960,913
Bengal Debt Merger Sub LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Beverage, Food & Tobacco
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.93%
Maturity Date				Jan. 24, 2029
Principal/ Number of Shares				1,990,000
Cost				$ 1,988,811
Fair Value				$ 1,804,273
Blackstone Mortgage Trust, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (6/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.38%
Maturity Date				Apr. 23, 2026
Principal/ Number of Shares				1,465,141
Cost				$ 1,457,842
Fair Value				$ 1,441,332
Blackstone Mortgage Trust, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.88%
Maturity Date				Apr. 23, 2026
Principal/ Number of Shares				979,747
Cost				$ 975,006
Fair Value				$ 952,804
Blue Tree Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan (2/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.23%
Maturity Date				Mar. 04, 2028
Principal/ Number of Shares				982,500
Cost				$ 980,692
Fair Value				$ 967,763
Bombardier Recreational Products, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan  12/22
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.12%
Maturity Date				Dec. 12, 2029
Principal/ Number of Shares				498,750
Cost				$ 486,572
Fair Value				$ 496,007
Bombardier Recreational Products, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan (1/20)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.63%
Maturity Date				May 24, 2027
Principal/ Number of Shares				1,455,049
Cost				$ 1,449,140
Fair Value				$ 1,416,854
Boxer Parent Company, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan (2/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.38%
Maturity Date				Oct. 02, 2025
Principal/ Number of Shares				516,794
Cost				$ 516,794
Fair Value				$ 509,827
Bracket Intermediate Holding Corp [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.04%
Maturity Date				Sep. 05, 2025
Principal/ Number of Shares				957,500
Cost				$ 955,597
Fair Value				$ 929,378
BrightSpring Health Services (Phoenix Guarantor) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B-3
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.13%
Maturity Date				Mar. 05, 2026
Principal/ Number of Shares				982,500
Cost				$ 982,500
Fair Value				$ 967,556
BroadStreet Partners, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B3
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.63%
Maturity Date				Jan. 22, 2027
Principal/ Number of Shares				2,948,786
Cost				$ 2,944,577
Fair Value				$ 2,906,412
Brookfield WEC Holdings Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Energy: Electricity
Industry				Term Loan (1/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.38%
Maturity Date				Aug. 01, 2025
Principal/ Number of Shares				1,462,613
Cost				$ 1,464,152
Fair Value				$ 1,456,090
BROWN GROUP HOLDING, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Aerospace & Defense
Industry				Term Loan B-2
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.37%
Maturity Date				Jun. 08, 2029
Principal/ Number of Shares				498,750
Cost				$ 487,209
Fair Value				$ 498,336
Buckeye Partners, L.P. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Utilities: Oil & Gas
Industry				Term Loan (1/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.82%
Maturity Date				Nov. 01, 2026
Principal/ Number of Shares				1,950,188
Cost				$ 1,941,198
Fair Value				$ 1,946,931
BW Gas & Convenience Holdings LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Beverage, Food & Tobacco
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.13%
Maturity Date				Mar. 31, 2028
Principal/ Number of Shares				2,462,500
Cost				$ 2,443,814
Fair Value				$ 2,437,875
Callaway Golf Company [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Retail
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.13%
Maturity Date				Jan. 04, 2026
Principal/ Number of Shares				675,000
Cost				$ 668,575
Fair Value				$ 674,582
Camping World, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Retail
Industry				Term Loan B (5/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				7.09%
Maturity Date				Jun. 05, 2028
Principal/ Number of Shares				2,487,342
Cost				$ 2,268,038
Fair Value				$ 2,208,560
CareerBuilder, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				6.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				11.48%
Maturity Date				Jul. 31, 2023
Principal/ Number of Shares				5,393,388
Cost				$ 5,347,671
Fair Value				$ 3,513,792
Castle US Holding Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Advertising, Printing & Publishing
Industry				Term Loan B (USD)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.38%
Maturity Date				Jan. 27, 2027
Principal/ Number of Shares				1,963,384
Cost				$ 1,954,023
Fair Value				$ 1,375,469
CASTLELAKE AVIATION LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Aerospace & Defense
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.31%
Maturity Date				Oct. 21, 2027
Principal/ Number of Shares				1,000,000
Cost				$ 992,500
Fair Value				$ 987,080
CBI BUYER, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.88%
Maturity Date				Jan. 06, 2028
Principal/ Number of Shares				2,969,887
Cost				$ 2,814,181
Fair Value				$ 2,026,948
CCC Intelligent Solutions Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				6.88%
Maturity Date				Sep. 16, 2028
Principal/ Number of Shares				247,500
Cost				$ 247,017
Fair Value				$ 244,612
CCI Buyer, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Telecommunications
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.58%
Maturity Date				Dec. 17, 2027
Principal/ Number of Shares				245,625
Cost				$ 243,880
Fair Value				$ 241,223
CCRR Parent, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.97%
Maturity Date				Mar. 05, 2028
Principal/ Number of Shares				1,000,000
Cost				$ 951,484
Fair Value				$ 975,000
CCRR Parent, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.39%
Maturity Date				Mar. 05, 2028
Principal/ Number of Shares				982,500
Cost				$ 978,899
Fair Value				$ 957,938
CCS-CMGC Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				5.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				10.13%
Maturity Date				Sep. 25, 2025
Principal/ Number of Shares				2,400,000
Cost				$ 2,390,330
Fair Value				$ 1,605,504
CDK GLOBAL, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				4.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.08%
Maturity Date				Jul. 06, 2029
Principal/ Number of Shares				1,000,000
Cost				$ 971,508
Fair Value				$ 996,150
Cengage Learning, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Advertising, Printing & Publishing
Industry				Term Loan B (6/21)
Asset Name				Loan
Asset Type				6M USD LIBOR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				9.88%
Maturity Date				Jul. 14, 2026
Principal/ Number of Shares				2,962,500
Cost				$ 2,942,124
Fair Value				$ 2,794,171
CENTURI GROUP, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Construction & Building
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.45%
Maturity Date				Aug. 27, 2028
Principal/ Number of Shares				878,330
Cost				$ 871,190
Fair Value				$ 870,100
CenturyLink, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Telecommunications
Industry				Term Loan B (1/20)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.88%
Maturity Date				Mar. 15, 2027
Principal/ Number of Shares				3,887,492
Cost				$ 3,883,600
Fair Value				$ 3,208,269
Charlotte Buyer, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				5.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.81%
Maturity Date				Feb. 11, 2028
Principal/ Number of Shares				1,500,000
Cost				$ 1,403,100
Fair Value				$ 1,455,945
Chemours Company, (The) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.39%
Maturity Date				Apr. 03, 2025
Principal/ Number of Shares				905,031
Cost				$ 880,859
Fair Value				$ 898,406
Churchill Downs Incorporated [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Term Loan B1 (3/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.64%
Maturity Date				Mar. 17, 2028
Principal/ Number of Shares				491,250
Cost				$ 490,382
Fair Value				$ 486,952
CIMPRESS PUBLIC LIMITED COMPANY [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Advertising, Printing & Publishing
Industry				USD Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.13%
Maturity Date				May 17, 2028
Principal/ Number of Shares				1,979,950
Cost				$ 1,892,607
Fair Value				$ 1,785,419
CITADEL SECURITIES LP [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B (01/21)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.23%
Maturity Date				Feb. 02, 2028
Principal/ Number of Shares				4,912,500
Cost				$ 4,910,914
Fair Value				$ 4,865,684
Clarios Global LP [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Automotive
Industry				Term Loan B1
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.88%
Maturity Date				Apr. 30, 2026
Principal/ Number of Shares				1,267,812
Cost				$ 1,261,524
Fair Value				$ 1,260,091
Claros Mortgage Trust, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B-1 (11/21)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.16%
Maturity Date				Aug. 09, 2026
Principal/ Number of Shares				3,439,962
Cost				$ 3,421,651
Fair Value				$ 3,401,262
CLYDESDALE ACQUISITION HOLDINGS, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Containers, Packaging & Glass
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.18%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.89%
Maturity Date				Apr. 13, 2029
Principal/ Number of Shares				1,492,500
Cost				$ 1,458,949
Fair Value				$ 1,469,993
Cole Haan [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Non-durable
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				5.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				10.23%
Maturity Date				Feb. 07, 2025
Principal/ Number of Shares				875,000
Cost				$ 871,486
Fair Value				$ 841,461
Columbus McKinnon Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Capital Equipment
Industry				Term Loan (4/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.50%
Maturity Date				May 14, 2028
Principal/ Number of Shares				449,172
Cost				$ 448,339
Fair Value				$ 446,926
Conduent, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.88%
Maturity Date				Oct. 16, 2028
Principal/ Number of Shares				1,787,985
Cost				$ 1,755,247
Fair Value				$ 1,742,177
Connect Finco SARL One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Telecommunications
Industry				Term Loan (1/21)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.14%
Maturity Date				Dec. 11, 2026
Principal/ Number of Shares				2,917,500
Cost				$ 2,816,917
Fair Value				$ 2,863,526
Consolidated Communications, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Telecommunications
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.19%
Maturity Date				Oct. 02, 2027
Principal/ Number of Shares				2,714,005
Cost				$ 2,520,099
Fair Value				$ 2,435,819
CORAL-US CO-BORROWER LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Telecommunications
Industry				Term Loan B-5
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.84%
Maturity Date				Jan. 31, 2028
Principal/ Number of Shares				4,000,000
Cost				$ 3,988,733
Fair Value				$ 3,867,160
Corelogic, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan (4/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.19%
Maturity Date				Jun. 02, 2028
Principal/ Number of Shares				2,468,750
Cost				$ 2,459,383
Fair Value				$ 2,110,164
Cortes NP Acquisition Corp (Vertiv) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Capital Equipment
Industry				Term Loan 2/21
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.32%
Maturity Date				Mar. 02, 2027
Principal/ Number of Shares				1,960,000
Cost				$ 1,960,000
Fair Value				$ 1,934,579
COWEN INC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan
Asset Name				Loan
Asset Type				6M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.43%
Maturity Date				Mar. 24, 2028
Principal/ Number of Shares				3,927,406
Cost				$ 3,907,308
Fair Value				$ 3,922,496
Creative Artists Agency, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Diversified & Production
Industry				Term Loan B (02/23)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.06%
Maturity Date				Nov. 01, 2028
Principal/ Number of Shares				1,600,000
Cost				$ 1,588,000
Fair Value				$ 1,595,008
CROCS INC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan
Asset Name				Loan
Asset Type				6M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.73%
Maturity Date				Feb. 20, 2029
Principal/ Number of Shares				2,512,500
Cost				$ 2,421,039
Fair Value				$ 2,504,133
Cross Financial Corp One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B (3/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.69%
Maturity Date				Sep. 15, 2027
Principal/ Number of Shares				492,500
Cost				$ 492,174
Fair Value				$ 489,422
Crown Subsea Communications Holding, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Construction & Building
Industry				Term Loan (4/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.32%
Maturity Date				Apr. 27, 2027
Principal/ Number of Shares				3,404,110
Cost				$ 3,377,740
Fair Value				$ 3,340,283
CSC Holdings LLC (Neptune Finco Corp.) Three [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Broadcasting & Subscription
Industry				Term Loan B-5
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.09%
Maturity Date				Apr. 15, 2027
Principal/ Number of Shares				485,000
Cost				$ 485,000
Fair Value				$ 435,894
CSC Holdings LLC (Neptune Finco Corp.) Four [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Broadcasting & Subscription
Industry				Term Loan 12/22
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.06%
Maturity Date				Apr. 15, 2027
Principal/ Number of Shares				2,400,032
Cost				$ 2,389,363
Fair Value				$ 2,244,030
CTS Midco, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				6%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.83%
Maturity Date				Nov. 02, 2027
Principal/ Number of Shares				1,960,000
Cost				$ 1,917,602
Fair Value				$ 1,666,000
Daseke Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Transportation: Cargo
Industry				Term Loan 2/21
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.64%
Maturity Date				Mar. 05, 2028
Principal/ Number of Shares				1,473,750
Cost				$ 1,468,500
Fair Value				$ 1,468,223
Dave & Buster’s Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Term Loan B (04/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.75%
Maturity Date				Jun. 29, 2029
Principal/ Number of Shares				995,000
Cost				$ 948,574
Fair Value				$ 997,736
DCert Buyer, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan
Asset Name				Loan
Asset Type				6M USD SOFR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.70%
Maturity Date				Oct. 16, 2026
Principal/ Number of Shares				1,469,773
Cost				$ 1,469,773
Fair Value				$ 1,446,257
Delek US Holdings, Inc Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Utilities: Oil & Gas
Industry				Term Loan B (11/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.22%
Maturity Date				Nov. 16, 2029
Principal/ Number of Shares				5,400,000
Cost				$ 5,285,256
Fair Value				$ 5,298,750
Delta 2 Lux Sarl One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.87%
Maturity Date				Jan. 15, 2030
Principal/ Number of Shares				1,000,000
Cost				$ 990,424
Fair Value				$ 1,001,750
DexKo Global, Inc. (Dragon Merger) Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Automotive
Industry				Term Loan (9/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.48%
Maturity Date				Oct. 04, 2028
Principal/ Number of Shares				992,500
Cost				$ 989,236
Fair Value				$ 928,980
DG Investment Intermediate Holdings 2, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Aerospace & Defense
Industry				Incremental Term Loan (3/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.37%
Maturity Date				Mar. 31, 2028
Principal/ Number of Shares				498,750
Cost				$ 479,659
Fair Value				$ 488,152
Diamond Sports Group, LLC (b) Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[2]			Media: Broadcasting & Subscription
Industry	[2]			Second Lien Term Loan
Asset Name	[2]			Loan
Asset Type	[2]			3M USD SOFR+
Reference Rate/Spread	[2]			3.40%
SOFR/LIBOR Floor	[2]			0%
Current Rate (All In)	[2]			8.03%
Maturity Date	[2]			Aug. 24, 2026
Principal/ Number of Shares	[2]			3,374,880
Cost	[2]			$ 3,017,273
Fair Value	[2]			$ 382,306
Diamond Sports Group, LLC (b) Three [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[2]			Media: Broadcasting & Subscription
Industry	[2]			1st Priority Term Loan
Asset Name	[2]			Loan
Asset Type	[2]			6M USD SOFR+
Reference Rate/Spread	[2]			8%
SOFR/LIBOR Floor	[2]			1%
Current Rate (All In)	[2]			13.06%
Maturity Date	[2]			May 25, 2026
Principal/ Number of Shares	[2]			342,343
Cost	[2]			$ 333,975
Fair Value	[2]			$ 318,951
DIRECTV FINANCING, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Broadcasting & Subscription
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.63%
Maturity Date				Aug. 02, 2027
Principal/ Number of Shares				3,550,000
Cost				$ 3,523,794
Fair Value				$ 3,448,754
DISCOVERY PURCHASER CORPORATION One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				4.38%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.96%
Maturity Date				Oct. 04, 2029
Principal/ Number of Shares				1,500,000
Cost				$ 1,385,334
Fair Value				$ 1,433,310
Dispatch Acquisition Holdings, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Environmental Industries
Industry				Term Loan B (3/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.98%
Maturity Date				Mar. 25, 2028
Principal/ Number of Shares				492,500
Cost				$ 488,806
Fair Value				$ 434,631
DOMTAR CORPORATION One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Forest Products & Paper
Industry				Term Loan 9/21
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				5.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.10%
Maturity Date				Nov. 30, 2028
Principal/ Number of Shares				1,310,136
Cost				$ 1,272,492
Fair Value				$ 1,286,121
DOTDASH MEREDITH, INC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Advertising, Printing & Publishing
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.67%
Maturity Date				Nov. 30, 2028
Principal/ Number of Shares				1,994,949
Cost				$ 1,803,027
Fair Value				$ 1,755,556
DRI HOLDING INC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Advertising, Printing & Publishing
Industry				Term Loan (12/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				5.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.88%
Maturity Date				Dec. 15, 2028
Principal/ Number of Shares				3,972,487
Cost				$ 3,830,439
Fair Value				$ 3,552,913
DRW Holdings, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (2/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.38%
Maturity Date				Mar. 01, 2028
Principal/ Number of Shares				6,435,000
Cost				$ 6,396,896
Fair Value				$ 6,284,164
DTZ U.S. Borrower, LLC Three [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Construction & Building
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.38%
Maturity Date				Aug. 21, 2025
Principal/ Number of Shares				1,612,878
Cost				$ 1,609,665
Fair Value				$ 1,602,798
DTZ U.S. Borrower, LLC Four [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Construction & Building
Industry				Term Loan (01/23)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.97%
Maturity Date				Jan. 31, 2030
Principal/ Number of Shares				2,034,413
Cost				$ 2,031,025
Fair Value				$ 2,021,698
EAB Global, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan (08/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.13%
Maturity Date				Aug. 16, 2028
Principal/ Number of Shares				990,000
Cost				$ 985,965
Fair Value				$ 969,586
Echo Global Logistics, Inc One[Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.13%
Maturity Date				Nov. 23, 2028
Principal/ Number of Shares				1,985,000
Cost				$ 1,981,077
Fair Value				$ 1,916,776
Edelman Financial Group Inc., The One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B (3/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.13%
Maturity Date				Apr. 07, 2028
Principal/ Number of Shares				2,188,547
Cost				$ 2,182,686
Fair Value				$ 2,129,281
Electrical Components Inter., Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Capital Equipment
Industry				Term Loan (6/18)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.88%
Maturity Date				Jun. 26, 2025
Principal/ Number of Shares				1,888,404
Cost				$ 1,888,404
Fair Value				$ 1,719,638
ELECTRON BIDCO INC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.63%
Maturity Date				Nov. 01, 2028
Principal/ Number of Shares				496,250
Cost				$ 494,396
Fair Value				$ 491,208
ELO Touch Solutions, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Diversified & Production
Industry				Term Loan (12/18)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				6.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				11.13%
Maturity Date				Dec. 14, 2025
Principal/ Number of Shares				2,175,269
Cost				$ 2,121,627
Fair Value				$ 2,169,831
Embecta Corp One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B
Asset Name				Loan
Asset Type				6M USD SOFR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.79%
Maturity Date				Mar. 30, 2029
Principal/ Number of Shares				614,918
Cost				$ 611,634
Fair Value				$ 604,735
Endo Luxembourg Finance Company I S.a.r.l One[Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan (3/21)
Asset Name				Loan
Asset Type				Prime
Reference Rate/Spread				6%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				13.75%
Maturity Date				Mar. 27, 2028
Principal/ Number of Shares				2,335,285
Cost				$ 2,328,380
Fair Value				$ 1,839,037
Endure Digital, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.07%
Maturity Date				Feb. 10, 2028
Principal/ Number of Shares				2,462,500
Cost				$ 2,453,593
Fair Value				$ 2,276,581
Entain Holdings (Gibraltar) Limited One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Term Loan B (10/22)
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.18%
Maturity Date				Oct. 30, 2029
Principal/ Number of Shares				1,000,000
Cost				$ 987,635
Fair Value				$ 999,060
Envision Healthcare Corporation One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B (06/18)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.48%
Maturity Date				Oct. 10, 2025
Principal/ Number of Shares				4,784,383
Cost				$ 4,782,311
Fair Value				$ 1,202,076
EOS U.S. FINCO LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Transportation: Cargo
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				6%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.60%
Maturity Date				Aug. 03, 2029
Principal/ Number of Shares				1,000,000
Cost				$ 923,495
Fair Value				$ 986,250
Equiniti Group PLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B
Asset Name				Loan
Asset Type				6M USD SOFR+
Reference Rate/Spread				4.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.54%
Maturity Date				Dec. 11, 2028
Principal/ Number of Shares				990,000
Cost				$ 981,797
Fair Value				$ 990,624
EyeCare Partners, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.48%
Maturity Date				Feb. 18, 2027
Principal/ Number of Shares				1,948,081
Cost				$ 1,948,081
Fair Value				$ 1,621,174
Finco I LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B (9/20)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.13%
Maturity Date				Jun. 27, 2025
Principal/ Number of Shares				2,830,950
Cost				$ 2,826,805
Fair Value				$ 2,830,950
First Brands Group, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Automotive
Industry				1st Lien Term Loan (3/21)
Asset Name				Loan
Asset Type				6M USD SOFR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.25%
Maturity Date				Mar. 30, 2027
Principal/ Number of Shares				4,912,500
Cost				$ 4,854,265
Fair Value				$ 4,754,367
First Eagle Investment Management One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Refinancing Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.23%
Maturity Date				Feb. 01, 2027
Principal/ Number of Shares				5,146,145
Cost				$ 5,133,892
Fair Value				$ 5,055,007
First Student Bidco Inc Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Transportation: Consumer
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.73%
Maturity Date				Jul. 21, 2028
Principal/ Number of Shares				723,088
Cost				$ 718,928
Fair Value				$ 689,255
First Student Bidco Inc Three [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Transportation: Consumer
Industry				Term Loan C
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.73%
Maturity Date				Jul. 21, 2028
Principal/ Number of Shares				269,608
Cost				$ 268,052
Fair Value				$ 256,993
First Student Bidco Inc Four [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan B (4/18)
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.08%
Maturity Date				Apr. 18, 2025
Principal/ Number of Shares				1,330,058
Cost				$ 1,326,810
Fair Value				$ 1,268,211
Flutter Financing B.V Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.98%
Maturity Date				Jul. 21, 2026
Principal/ Number of Shares				1,975,000
Cost				$ 1,972,044
Fair Value				$ 1,971,643
Flutter Financing B.V. Three [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Third Amendment 2028-B Term Loan
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.09%
Maturity Date				Jul. 21, 2028
Principal/ Number of Shares				748,125
Cost				$ 732,248
Fair Value				$ 747,848
FOCUS FINANCIAL PARTNERS, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.87%
Maturity Date				Jun. 30, 2028
Principal/ Number of Shares				1,487,298
Cost				$ 1,470,684
Fair Value				$ 1,477,765
Franchise Group, Inc Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				First Out Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.56%
Maturity Date				Mar. 10, 2026
Principal/ Number of Shares				799,104
Cost				$ 793,938
Fair Value				$ 760,148
Franchise Group, Inc Three [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.70%
Maturity Date				Mar. 10, 2026
Principal/ Number of Shares				3,000,000
Cost				$ 2,852,614
Fair Value				$ 2,857,500
Franklin Square Holdings, L.P One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.94%
Maturity Date				Aug. 01, 2025
Principal/ Number of Shares				4,308,730
Cost				$ 4,296,025
Fair Value				$ 4,303,344
Froneri International (R&R Ice Cream) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Beverage, Food & Tobacco
Industry				Term Loan B-2
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.88%
Maturity Date				Jan. 29, 2027
Principal/ Number of Shares				1,950,000
Cost				$ 1,948,124
Fair Value				$ 1,915,524
Garrett LX III S.a r.l One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Automotive
Industry				Dollar Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.08%
Maturity Date				Apr. 30, 2028
Principal/ Number of Shares				1,481,250
Cost				$ 1,475,822
Fair Value				$ 1,460,261
Gates Global LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Automotive
Industry				Term Loan (11/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.12%
Maturity Date				Nov. 15, 2029
Principal/ Number of Shares				249,375
Cost				$ 242,119
Fair Value				$ 249,121
Gemini HDPE LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan B (12/20)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.83%
Maturity Date				Dec. 31, 2027
Principal/ Number of Shares				2,289,884
Cost				$ 2,276,592
Fair Value				$ 2,281,297
Genesee & Wyoming, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Transportation: Cargo
Industry				Term Loan (11/19)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.73%
Maturity Date				Dec. 30, 2026
Principal/ Number of Shares				1,458,750
Cost				$ 1,454,820
Fair Value				$ 1,453,892
GGP Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				2.96%
Maturity Date				Aug. 27, 2025
Principal/ Number of Shares				3,072,992
Cost				$ 2,734,560
Fair Value				$ 3,053,141
Global Tel*Link Corporation One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Telecommunications
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.08%
Maturity Date				Nov. 29, 2025
Principal/ Number of Shares				4,897,634
Cost				$ 4,753,219
Fair Value				$ 4,342,830
Go Daddy Operating Company, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan 2/21
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.63%
Maturity Date				Aug. 10, 2027
Principal/ Number of Shares				1,959,799
Cost				$ 1,959,799
Fair Value				$ 1,950,255
GOLDEN WEST PACKAGING GROUP LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Forest Products & Paper
Industry				Term Loan (11/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				5.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.88%
Maturity Date				Dec. 01, 2027
Principal/ Number of Shares				1,962,500
Cost				$ 1,946,411
Fair Value				$ 1,903,625
Graham Packaging Co Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Containers, Packaging & Glass
Industry				Term Loan (2/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				7.63%
Maturity Date				Aug. 07, 2027
Principal/ Number of Shares				962,517
Cost				$ 957,931
Fair Value				$ 956,501
Great Outdoors Group, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Retail
Industry				Term Loan B2
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.38%
Maturity Date				Mar. 06, 2028
Principal/ Number of Shares				980,094
Cost				$ 976,551
Fair Value				$ 964,471
Greenhill & Co., Inc One[Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.20%
Maturity Date				Apr. 12, 2024
Principal/ Number of Shares				2,844,231
Cost				$ 2,836,329
Fair Value				$ 2,789,707
Griffon Corporation One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.20%
Maturity Date				Jan. 24, 2029
Principal/ Number of Shares				154,375
Cost				$ 154,051
Fair Value				$ 152,959
Grosvenor Capital Management Holdings, LLLP One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Amendment 5 Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.13%
Maturity Date				Feb. 24, 2028
Principal/ Number of Shares				2,836,805
Cost				$ 2,834,453
Fair Value				$ 2,808,437
Groupe Solmax Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Environmental Industries
Industry				Term Loan (6/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.48%
Maturity Date				May 27, 2028
Principal/ Number of Shares				1,994,937
Cost				$ 1,625,873
Fair Value				$ 1,720,633
Harbor Freight Tools USA, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Retail
Industry				Term Loan B (06/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.38%
Maturity Date				Oct. 19, 2027
Principal/ Number of Shares				3,438,442
Cost				$ 3,420,645
Fair Value				$ 3,324,355
Helix Gen Funding, LLc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Energy: Electricity
Industry				Term Loan B (02/17)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.38%
Maturity Date				Jun. 03, 2024
Principal/ Number of Shares				209,702
Cost				$ 209,702
Fair Value				$ 208,332
Hillman Group Inc. (The) (New) Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan B-1 (2/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.38%
Maturity Date				Jul. 14, 2028
Principal/ Number of Shares				3,479,167
Cost				$ 3,473,274
Fair Value				$ 3,441,105
Hillman Group Inc. (The) (New) (a) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]			Consumer goods: Durable
Industry	[1]			Delayed Draw Term Loan (2/21)
Asset Name	[1]			Loan
Asset Type	[1]			1M USD LIBOR+
Reference Rate/Spread	[1]			2.75%
SOFR/LIBOR Floor	[1]			0.50%
Current Rate (All In)	[1]			7.38%
Maturity Date	[1]			Jul. 14, 2028
Principal/ Number of Shares	[1]			66,667
Cost	[1]			$ 66,667
Fair Value	[1]			$ 57,444
HLF Financing SARL (Herbalife) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Non-durable
Industry				Term Loan B (08/18)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.13%
Maturity Date				Aug. 18, 2025
Principal/ Number of Shares				3,510,000
Cost				$ 3,504,423
Fair Value				$ 3,452,225
Holley Purchaser, Inc Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Automotive
Industry				Term Loan (11/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.48%
Maturity Date				Nov. 17, 2028
Principal/ Number of Shares				2,317,577
Cost				$ 2,309,047
Fair Value				$ 1,888,825
Howden Group Holdings One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (1/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				7.94%
Maturity Date				Nov. 12, 2027
Principal/ Number of Shares				2,152,191
Cost				$ 2,144,311
Fair Value				$ 2,117,218
Hudson River Trading LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (3/21)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.73%
Maturity Date				Mar. 17, 2028
Principal/ Number of Shares				5,895,000
Cost				$ 5,850,826
Fair Value				$ 5,619,173
Idera, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan (02/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.51%
Maturity Date				Mar. 02, 2028
Principal/ Number of Shares				4,811,111
Cost				$ 4,802,585
Fair Value				$ 4,635,698
IMA Financial Group, Inc Four [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (10/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.13%
Maturity Date				Nov. 01, 2028
Principal/ Number of Shares				1,980,000
Cost				$ 1,972,160
Fair Value				$ 1,947,825
INDY US BIDCO, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan (11/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.38%
Maturity Date				Mar. 06, 2028
Principal/ Number of Shares				2,215,703
Cost				$ 2,215,226
Fair Value				$ 1,888,200
Ineos US Finance LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan C
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.42%
Maturity Date				Feb. 09, 2030
Principal/ Number of Shares				1,000,000
Cost				$ 990,000
Fair Value				$ 991,560
INEOS US PETROCHEM LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan (1/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.38%
Maturity Date				Jan. 29, 2026
Principal/ Number of Shares				1,979,950
Cost				$ 1,929,143
Fair Value				$ 1,967,080
Informatica Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan B (10/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.44%
Maturity Date				Oct. 27, 2028
Principal/ Number of Shares				496,250
Cost				$ 495,896
Fair Value				$ 494,761
Ingram Micro Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Wholesale
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.23%
Maturity Date				Jun. 30, 2028
Principal/ Number of Shares				1,477,500
Cost				$ 1,465,872
Fair Value				$ 1,468,266
Inmar Acquisition Sub, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.63%
Maturity Date				May 01, 2024
Principal/ Number of Shares				3,350,673
Cost				$ 3,327,770
Fair Value				$ 3,270,055
Innophos, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.88%
Maturity Date				Feb. 04, 2027
Principal/ Number of Shares				486,250
Cost				$ 484,966
Fair Value				$ 483,007
INSTANT BRANDS HOLDINGS INC Three [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan 4/21
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.95%
Maturity Date				Apr. 07, 2028
Principal/ Number of Shares				4,027,667
Cost				$ 4,010,741
Fair Value				$ 2,154,802
IRB Holding Corporation One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Beverage, Food & Tobacco
Industry				Term Loan B3
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				7.57%
Maturity Date				Dec. 14, 2027
Principal/ Number of Shares				500,000
Cost				$ 495,150
Fair Value				$ 493,125
IRB Holding T/L B (1/22) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Beverage, Food & Tobacco
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				7.69%
Maturity Date				Dec. 15, 2027
Principal/ Number of Shares				500,000
Cost				$ 495,150
Fair Value				$ 493,125
Isagenix International, LLC (b) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[2]			Beverage, Food & Tobacco
Industry	[2]			Term Loan
Asset Name	[2]			Loan
Asset Type	[2]			3M USD LIBOR+
Reference Rate/Spread	[2]			7.75%
SOFR/LIBOR Floor	[2]			1%
Current Rate (All In)	[2]			11.35%
Maturity Date	[2]			Jun. 14, 2025
Principal/ Number of Shares	[2]			2,330,036
Cost	[2]			$ 2,311,947
Fair Value	[2]			$ 814,068
J Jill Group, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Retail
Industry				Priming Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				1%
Current Rate (All In)				9.83%
Maturity Date				May 08, 2024
Principal/ Number of Shares				1,553,698
Cost				$ 1,553,299
Fair Value				$ 1,464,361
Jane Street Group Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (1/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.38%
Maturity Date				Jan. 31, 2028
Principal/ Number of Shares				3,920,000
Cost				$ 3,917,671
Fair Value				$ 3,897,970
Journey Personal Care Corp Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Non-durable
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.98%
Maturity Date				Mar. 01, 2028
Principal/ Number of Shares				985,000
Cost				$ 981,310
Fair Value				$ 731,569
JP Intermediate B, LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Non-durable
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				5.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.33%
Maturity Date				Nov. 15, 2025
Principal/ Number of Shares				3,884,160
Cost				$ 3,863,896
Fair Value				$ 2,469,199
Klockner-Pentaplast of America, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Containers, Packaging & Glass
Industry				Term Loan (1/21) (USD)
Asset Name				Loan
Asset Type				6M USD SOFR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.13%
Maturity Date				Feb. 12, 2026
Principal/ Number of Shares				1,473,750
Cost				$ 1,469,605
Fair Value				$ 1,354,936
KREF Holdings X LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (11/21)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.13%
Maturity Date				Sep. 01, 2027
Principal/ Number of Shares				491,288
Cost				$ 482,835
Fair Value				$ 482,690
Lakeland Tours, LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Holdco Fixed Term Loan
Asset Name				Loan
Asset Type				Fixed
Reference Rate/Spread				0%
SOFR/LIBOR Floor				0%
Current Rate (All In)				13.25%
Maturity Date				Sep. 27, 2027
Principal/ Number of Shares				990,775
Cost				$ 383,373
Fair Value				$ 644,004
Napa Management Services Corp [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B (02/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				5.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.95%
Maturity Date				Feb. 22, 2029
Principal/ Number of Shares				3,000,000
Cost				$ 2,407,500
Fair Value				$ 2,285,640
Natgasoline LLC [Member | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.19%
Maturity Date				Nov. 14, 2025
Principal/ Number of Shares				3,436,481
Cost				$ 3,419,311
Fair Value				$ 3,395,690
National Mentor Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan 2/21
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.47%
Maturity Date				Mar. 02, 2028
Principal/ Number of Shares				2,736,043
Cost				$ 2,727,702
Fair Value				$ 2,108,477
National Mentor Holdings, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan C 2/21
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.48%
Maturity Date				Mar. 02, 2028
Principal/ Number of Shares				87,464
Cost				$ 87,137
Fair Value				$ 67,402
NEW ERA CAP, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan (01/22)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				6%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.82%
Maturity Date				Jul. 13, 2027
Principal/ Number of Shares				3,628,164
Cost				$ 3,627,422
Fair Value				$ 3,483,037
Nexstar Broadcasting, Inc. (Mission Broadcasting) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Broadcasting & Subscription
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.13%
Maturity Date				Sep. 18, 2026
Principal/ Number of Shares				657,625
Cost				$ 652,850
Fair Value				$ 655,745
Next Level Apparel, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Retail
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				5.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.33%
Maturity Date				Aug. 09, 2024
Principal/ Number of Shares				1,675,340
Cost				$ 1,670,519
Fair Value				$ 1,373,779
NortonLifeLock Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				2%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				6.72%
Maturity Date				Sep. 12, 2029
Principal/ Number of Shares				1,398,374
Cost				$ 1,392,077
Fair Value				$ 1,382,391
Novae LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Automotive
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.82%
Maturity Date				Dec. 22, 2028
Principal/ Number of Shares				1,985,000
Cost				$ 1,972,048
Fair Value				$ 1,692,213
Panther Guarantor II, L.P. (Forcepoint) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan 1/21
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.08%
Maturity Date				Jan. 07, 2028
Principal/ Number of Shares				492,500
Cost				$ 489,882
Fair Value				$ 461,719
PEDIATRIC ASSOCIATES HOLDING COMPANY, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]			Healthcare & Pharmaceuticals
Industry	[1]			Delayed Draw Term Loan (12/21)
Asset Name	[1]			Loan
Asset Type	[1]			1M USD LIBOR+
Reference Rate/Spread	[1]			3.25%
SOFR/LIBOR Floor	[1]			0.50%
Current Rate (All In)	[1]			7.88%
Maturity Date	[1]			Dec. 29, 2028
Principal/ Number of Shares	[1]			147,287
Cost	[1]			$ 147,287
Fair Value	[1]			$ 144,174
Prometric Inc. (Sarbacane Bidco) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				1%
Current Rate (All In)				7.64%
Maturity Date				Jan. 29, 2025
Principal/ Number of Shares				476,438
Cost				$ 475,777
Fair Value				$ 444,278
Renaissance Learning, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan (5/18)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.88%
Maturity Date				May 30, 2025
Principal/ Number of Shares				2,938,373
Cost				$ 2,922,432
Fair Value				$ 2,871,025
Rocket Software, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan (11/18)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.88%
Maturity Date				Nov. 28, 2025
Principal/ Number of Shares				2,875,317
Cost				$ 2,870,016
Fair Value				$ 2,818,414
Samsonite International S.A. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Non-durable
Industry				Term Loan B2
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				7.63%
Maturity Date				Apr. 25, 2025
Principal/ Number of Shares				927,537
Cost				$ 914,134
Fair Value				$ 927,537
Signify Health, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Healthcare & Pharmaceuticals
Industry				Term Loan B (6/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.73%
Maturity Date				Jun. 16, 2028
Principal/ Number of Shares				493,750
Cost				$ 491,846
Fair Value				$ 493,750
Solis IV B.V. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan B-1
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.37%
Maturity Date				Feb. 26, 2029
Principal/ Number of Shares				1,994,987
Cost				$ 1,724,963
Fair Value				$ 1,826,132
Spectrum Brands, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Durable
Industry				Term Loan (2/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				6.96%
Maturity Date				Mar. 03, 2028
Principal/ Number of Shares				491,250
Cost				$ 490,363
Fair Value				$ 487,158
SS&C Technologies, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B3
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.38%
Maturity Date				Apr. 16, 2025
Principal/ Number of Shares				167,061
Cost				$ 166,987
Fair Value				$ 166,678
SS&C Technologies, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B4
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.38%
Maturity Date				Apr. 16, 2025
Principal/ Number of Shares				148,146
Cost				$ 148,083
Fair Value				$ 147,807
SS&C Technologies, Inc. Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B-5
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.38%
Maturity Date				Apr. 16, 2025
Principal/ Number of Shares				458,152
Cost				$ 457,773
Fair Value				$ 457,199
Ta TT Buyer LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Broadcasting & Subscription
Industry				Term Loan 3/22
Asset Name				Loan
Asset Type				6M USD SOFR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.98%
Maturity Date				Apr. 02, 2029
Principal/ Number of Shares				997,500
Cost				$ 988,507
Fair Value				$ 982,538
THE KNOT WORLDWIDE INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan (1/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.22%
Maturity Date				Dec. 19, 2025
Principal/ Number of Shares				4,845,447
Cost				$ 4,840,970
Fair Value				$ 4,833,333
United Road Services Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Transportation: Cargo
Industry				Term Loan (10/17)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				5.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.70%
Maturity Date				Sep. 01, 2024
Principal/ Number of Shares				889,180
Cost				$ 886,242
Fair Value				$ 465,335
Warner Music Group Corp. (WMG Acquisition Corp.) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Term Loan G
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				2.13%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.76%
Maturity Date				Jan. 20, 2028
Principal/ Number of Shares				1,250,000
Cost				$ 1,249,851
Fair Value				$ 1,243,750
West Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Telecommunications
Industry				Term Loan B-3
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.93%
Maturity Date				Apr. 09, 2027
Principal/ Number of Shares				1,189,119
Cost				$ 1,172,865
Fair Value				$ 1,044,939
ZEBRA BUYER (Allspring) LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan 4/21
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.75%
Maturity Date				Nov. 01, 2028
Principal/ Number of Shares				880,444
Cost				$ 876,985
Fair Value				$ 874,941
U.S. Bank Money Market [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Principal/ Number of Shares		13,681,256	[2]	23,776,950	[3]
Cost		$ 13,681,256	[2]	$ 23,776,950	[3]
Fair Value		$ 13,681,256	[2]	$ 23,776,950	[3]
Cash and Cash Equivalents [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Principal/ Number of Shares		13,681,256		23,776,950
Cost		$ 13,681,256		$ 23,776,950
Fair Value		$ 13,681,256		$ 23,776,950
APLP Holdings Limited Partnership [Member] | APEX GROUP TREASURY LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Energy: Electricity
Industry		Term Loan B (3/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		1%
Current Rate (All In)		9.24%
Maturity Date		May 14, 2027
Principal/ Number of Shares		278,378
Cost		$ 276,619
Fair Value		$ 279,539
Apollo Commercial Real Estate Finance, Inc. [Member] | APEX GROUP TREASURY LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.21%
Maturity Date		May 15, 2026
Principal/ Number of Shares		2,916,244
Cost		$ 2,896,013
Fair Value		$ 2,821,466
Apollo Commercial Real Estate Finance, Inc. One [Member] | APEX GROUP TREASURY LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B1 (2/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.94%
Maturity Date		Mar. 06, 2028
Principal/ Number of Shares		975,000
Cost		$ 968,360
Fair Value		$ 936,000
AppLovin Corporation [Member] | APEX GROUP TREASURY LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan (10/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.10%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.45%
Maturity Date		Oct. 21, 2028
Principal/ Number of Shares		1,477,500
Cost		$ 1,474,732
Fair Value		$ 1,476,673
AppLovin Corporation One [Member] | APEX GROUP TREASURY LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan (08/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.45%
Maturity Date		Aug. 15, 2030
Principal/ Number of Shares		972,054
Cost		$ 972,054
Fair Value		$ 971,898
Aramark Services, Inc. [Member] | APEX GROUP TREASURY LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan B (4/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.96%
Maturity Date		Apr. 01, 2028
Principal/ Number of Shares		1,753,715
Cost		$ 1,748,034
Fair Value		$ 1,751,523
Aramark Services, Inc. One [Member] | APEX GROUP TREASURY LIMITED [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.21%
Maturity Date		Jan. 15, 2027
Principal/ Number of Shares		2,331,250
Cost		$ 2,289,490
Fair Value		$ 2,323,977
ARC FALCON I INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.95%
Maturity Date		Sep. 23, 2028
Principal/ Number of Shares		983,774
Cost		$ 980,943
Fair Value		$ 950,926
Arches Buyer Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.70%
Maturity Date		Dec. 06, 2027
Principal/ Number of Shares		1,469,697
Cost		$ 1,462,751
Fair Value		$ 1,443,977
ARC FALCON I INC. (a) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.71%
Maturity Date		Nov. 19, 2028
Principal/ Number of Shares		497,980
Cost		$ 493,142
Fair Value		$ 498,189
Aretec Group, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.95%
Maturity Date		Aug. 09, 2030
Principal/ Number of Shares		2,649,358
Cost		$ 2,633,197
Fair Value		$ 2,605,829
Collateralized Debt Obligations [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan 2/21
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.20%
Maturity Date		Sep. 07, 2027
Principal/ Number of Shares		970,000
Cost		$ 967,259
Fair Value		$ 971,620
AssuredPartners Capital, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (2/20)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.96%
Maturity Date		Feb. 12, 2027
Principal/ Number of Shares		982,143
Cost		$ 979,630
Fair Value		$ 980,915
Assuredpartners Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.85%
Maturity Date		Feb. 12, 2027
Principal/ Number of Shares		492,500
Cost		$ 491,781
Fair Value		$ 492,195
Assuredpartners Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Incremental Term Loan (7/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.96%
Maturity Date		Feb. 12, 2027
Principal/ Number of Shares		977,500
Cost		$ 977,500
Fair Value		$ 976,689
ASTRO ONE ACQUISITION CORPORATION [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD LIBOR+
Reference Rate/Spread		5.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		11.23%
Maturity Date		Sep. 15, 2028
Principal/ Number of Shares		2,947,500
Cost		$ 2,925,937
Fair Value		$ 1,277,240
Asurion, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B10
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.45%
Maturity Date		Aug. 19, 2028
Principal/ Number of Shares		1,980,000
Cost		$ 1,896,782
Fair Value		$ 1,939,568
Asurion, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B8
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.71%
Maturity Date		Dec. 18, 2026
Principal/ Number of Shares		2,942,168
Cost		$ 2,935,901
Fair Value		$ 2,899,153
ATHENAHEALTH GROUP INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan B (2/22)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.60%
Maturity Date		Feb. 15, 2029
Principal/ Number of Shares		1,320,514
Cost		$ 1,316,061
Fair Value		$ 1,294,843
Avolon TLB Borrower 1 (US) LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Capital Equipment
Industry		Term Loan B6
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.83%
Maturity Date		Jun. 08, 2028
Principal/ Number of Shares		997,500
Cost		$ 944,250
Fair Value		$ 998,637
Avolon TLB Borrower 1 (US) LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Capital Equipment
Industry		Term Loan B5 (7/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.68%
Maturity Date		Dec. 01, 2027
Principal/ Number of Shares		486,250
Cost		$ 483,209
Fair Value		$ 486,362
Axalta Coating Systems US Holdings [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan B (08/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.89%
Maturity Date		Dec. 20, 2029
Principal/ Number of Shares		920,194
Cost		$ 912,118
Fair Value		$ 921,629
AZURITY PHARMACEUTICALS, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		6.62%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		12.08%
Maturity Date		Sep. 20, 2027
Principal/ Number of Shares		456,250
Cost		$ 446,528
Fair Value		$ 438,000
B&G Foods, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.85%
Maturity Date		Oct. 10, 2026
Principal/ Number of Shares		556,042
Cost		$ 553,602
Fair Value		$ 544,921
B.C. Unlimited Liability Co (Burger King) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco
Industry		Term Loan B (09/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.60%
Maturity Date		Sep. 12, 2030
Principal/ Number of Shares		1,447,500
Cost		$ 1,426,632
Fair Value		$ 1,440,943
BAKELITE UK INTERMEDIATE LTD. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.54%
Maturity Date		May 29, 2029
Principal/ Number of Shares		987,500
Cost		$ 983,531
Fair Value		$ 955,406
Baldwin Risk Partners, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.96%
Maturity Date		Oct. 14, 2027
Principal/ Number of Shares		1,965,074
Cost		$ 1,950,504
Fair Value		$ 1,956,880
Barnes Group Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.45%
Maturity Date		Aug. 09, 2030
Principal/ Number of Shares		250,000
Cost		$ 248,176
Fair Value		$ 249,438
Bausch Health Companies Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan B (1/22)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.69%
Maturity Date		Feb. 01, 2027
Principal/ Number of Shares		1,875,000
Cost		$ 1,724,183
Fair Value		$ 1,414,069
Belfor Holdings Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan B-1 (11/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.10%
Maturity Date		Oct. 25, 2030
Principal/ Number of Shares		1,600,000
Cost		$ 1,584,111
Fair Value		$ 1,598,000
Belron Finance US LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive
Industry		Term Loan B (3/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2.43%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.07%
Maturity Date		Apr. 13, 2028
Principal/ Number of Shares		1,950,000
Cost		$ 1,937,133
Fair Value		$ 1,949,025
Belron Finance US LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive
Industry		Term Loan (04/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.25%
Maturity Date		Apr. 17, 2029
Principal/ Number of Shares		249,375
Cost		$ 248,202
Fair Value		$ 249,624
Bengal Debt Merger Sub LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.74%
Maturity Date		Jan. 24, 2029
Principal/ Number of Shares		1,975,000
Cost		$ 1,974,221
Fair Value		$ 1,846,941
Blackstone Mortgage Trust, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (6/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.21%
Maturity Date		Apr. 23, 2026
Principal/ Number of Shares		1,453,957
Cost		$ 1,447,944
Fair Value		$ 1,421,242
Blackstone Mortgage Trust, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.71%
Maturity Date		Apr. 23, 2026
Principal/ Number of Shares		972,152
Cost		$ 968,404
Fair Value		$ 944,202
Blue Tree Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan (2/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.15%
Maturity Date		Mar. 04, 2028
Principal/ Number of Shares		975,000
Cost		$ 973,497
Fair Value		$ 960,785
Bombardier Recreational Products, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan B3
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.10%
Maturity Date		Dec. 13, 2029
Principal/ Number of Shares		495,009
Cost		$ 483,825
Fair Value		$ 492,411
Bombardier Recreational Products, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan (1/20)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.45%
Maturity Date		May 24, 2027
Principal/ Number of Shares		1,443,799
Cost		$ 1,439,363
Fair Value		$ 1,423,051
Boost Newco Borrower, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.32%
Maturity Date		Sep. 20, 2030
Principal/ Number of Shares		500,000
Cost		$ 497,500
Fair Value		$ 499,375
Boxer Parent Company, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan (2/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.21%
Maturity Date		Oct. 02, 2025
Principal/ Number of Shares		512,255
Cost		$ 512,255
Fair Value		$ 512,070
BrightSpring Health Services (Phoenix Guarantor) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan B-3
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.96%
Maturity Date		Mar. 05, 2026
Principal/ Number of Shares		975,000
Cost		$ 975,000
Fair Value		$ 973,840
BroadStreet Partners, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B3
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.46%
Maturity Date		Jan. 22, 2027
Principal/ Number of Shares		2,926,045
Cost		$ 2,922,815
Fair Value		$ 2,918,729
Brookfield WEC Holdings Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Energy: Electricity
Industry		Term Loan (1/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.21%
Maturity Date		Aug. 01, 2025
Principal/ Number of Shares		1,451,420
Cost		$ 1,452,327
Fair Value		$ 1,452,261
BROWN GROUP HOLDING, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense
Industry		Term Loan B-2
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.14%
Maturity Date		Jul. 01, 2029
Principal/ Number of Shares		495,000
Cost		$ 484,548
Fair Value		$ 495,040
Buckeye Partners, L.P. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Utilities: Oil & Gas
Industry		Term Loan B2
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.83%
Maturity Date		Nov. 15, 2030
Principal/ Number of Shares		333,333
Cost		$ 332,721
Fair Value		$ 333,250
Buckeye Partners, L.P. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Utilities: Oil & Gas
Industry		Term Loan (1/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.67%
Maturity Date		Nov. 01, 2026
Principal/ Number of Shares		1,601,929
Cost		$ 1,595,092
Fair Value		$ 1,602,058
BW Gas & Convenience Holdings LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.96%
Maturity Date		Mar. 31, 2028
Principal/ Number of Shares		2,443,750
Cost		$ 2,427,104
Fair Value		$ 2,419,313
Callaway Golf Company [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.95%
Maturity Date		Mar. 09, 2030
Principal/ Number of Shares		497,500
Cost		$ 492,717
Fair Value		$ 495,948
Camping World, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail
Industry		Term Loan B (5/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		7.96%
Maturity Date		Jun. 05, 2028
Principal/ Number of Shares		2,468,354
Cost		$ 2,275,387
Fair Value		$ 2,352,268
CAPSTONE BORROWER INC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan (06/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.14%
Maturity Date		Jun. 15, 2030
Principal/ Number of Shares		1,000,000
Cost		$ 985,743
Fair Value		$ 993,130
CareerBuilder, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan B3
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		6.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		12.40%
Maturity Date		Jul. 31, 2026
Principal/ Number of Shares		4,035,492
Cost		$ 4,015,117
Fair Value		$ 706,211
Castle US Holding Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing
Industry		Term Loan B (USD)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.21%
Maturity Date		Jan. 27, 2027
Principal/ Number of Shares		1,950,825
Cost		$ 1,943,262
Fair Value		$ 1,362,730
CASTLELAKE AVIATION LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.42%
Maturity Date		Oct. 21, 2027
Principal/ Number of Shares		992,500
Cost		$ 985,896
Fair Value		$ 991,259
CBI BUYER, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.71%
Maturity Date		Jan. 06, 2028
Principal/ Number of Shares		2,947,273
Cost		$ 2,811,619
Fair Value		$ 1,224,769
CBL & Associates Limited Partnership [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail
Industry		Term Loan 11/21
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		1%
Current Rate (All In)		8.18%
Maturity Date		Nov. 01, 2025
Principal/ Number of Shares		2,473,146
Cost		$ 2,136,126
Fair Value		$ 2,164,893
CCC Intelligent Solutions Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.71%
Maturity Date		Sep. 16, 2028
Principal/ Number of Shares		245,625
Cost		$ 245,216
Fair Value		$ 245,522
CCI Buyer, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.39%
Maturity Date		Dec. 17, 2027
Principal/ Number of Shares		243,750
Cost		$ 242,208
Fair Value		$ 241,878
CCRR Parent, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.67%
Maturity Date		Mar. 05, 2028
Principal/ Number of Shares		992,500
Cost		$ 949,779
Fair Value		$ 930,469
CCRR Parent, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.21%
Maturity Date		Mar. 05, 2028
Principal/ Number of Shares		975,000
Cost		$ 971,749
Fair Value		$ 917,309
CCS-CMGC Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan
Asset Name		Loan
Asset Type		6M USD SOFR+
Reference Rate/Spread		5.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		11.32%
Maturity Date		Sep. 25, 2025
Principal/ Number of Shares		2,381,250
Cost		$ 2,373,889
Fair Value		$ 1,998,393
CDK GLOBAL, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B (10/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.41%
Maturity Date		Jul. 06, 2029
Principal/ Number of Shares		992,500
Cost		$ 966,595
Fair Value		$ 992,679
Cengage Learning, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing
Industry		Term Loan B (6/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.41%
Maturity Date		Jul. 14, 2026
Principal/ Number of Shares		2,940,000
Cost		$ 2,923,619
Fair Value		$ 2,935,237
CENTURI GROUP, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.96%
Maturity Date		Aug. 27, 2028
Principal/ Number of Shares		870,830
Cost		$ 864,602
Fair Value		$ 869,523
CenturyLink, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications
Industry		Term Loan B (1/20)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.71%
Maturity Date		Mar. 15, 2027
Principal/ Number of Shares		3,850,497
Cost		$ 3,847,375
Fair Value		$ 2,302,058
Charlotte Buyer, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.57%
Maturity Date		Feb. 11, 2028
Principal/ Number of Shares		1,488,750
Cost		$ 1,403,657
Fair Value		$ 1,486,472
Chemours Company, (The) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan B2
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.85%
Maturity Date		Aug. 10, 2028
Principal/ Number of Shares		2,399,716
Cost		$ 2,359,528
Fair Value		$ 2,368,232
Churchill Downs Incorporated [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan B1 (3/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.45%
Maturity Date		Mar. 17, 2028
Principal/ Number of Shares		487,500
Cost		$ 486,756
Fair Value		$ 486,077
CIMPRESS PUBLIC LIMITED COMPANY [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing
Industry		USD Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.96%
Maturity Date		May 17, 2028
Principal/ Number of Shares		1,964,874
Cost		$ 1,887,057
Fair Value		$ 1,937,857
CITADEL SECURITIES LP [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (07/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.96%
Maturity Date		Jul. 29, 2030
Principal/ Number of Shares		4,875,281
Cost		$ 4,874,298
Fair Value		$ 4,872,649
Citco Funding LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loa 1st Lien Incremental
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.64%
Maturity Date		Apr. 27, 2028
Principal/ Number of Shares		1,000,000
Cost		$ 995,042
Fair Value		$ 1,001,250
Clarios Global LP [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive
Industry		Incremental Term Loan (04/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.10%
Maturity Date		May 05, 2030
Principal/ Number of Shares		1,200,000
Cost		$ 1,194,227
Fair Value		$ 1,200,900
Claros Mortgage Trust, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B-1 (11/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.94%
Maturity Date		Aug. 09, 2026
Principal/ Number of Shares		3,413,379
Cost		$ 3,398,299
Fair Value		$ 3,217,109
CLYDESDALE ACQUISITION HOLDINGS, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.18%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.62%
Maturity Date		Apr. 13, 2029
Principal/ Number of Shares		1,481,250
Cost		$ 1,450,627
Fair Value		$ 1,468,748
Columbus McKinnon Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Capital Equipment
Industry		Term Loan (4/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.42%
Maturity Date		May 14, 2028
Principal/ Number of Shares		419,219
Cost		$ 418,529
Fair Value		$ 418,695
Conduent, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.71%
Maturity Date		Oct. 16, 2028
Principal/ Number of Shares		2,769,376
Cost		$ 2,705,272
Fair Value		$ 2,702,440
Connect Finco SARL [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications
Industry		Term Loan (1/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		1%
Current Rate (All In)		8.85%
Maturity Date		Dec. 11, 2026
Principal/ Number of Shares		2,895,000
Cost		$ 2,811,282
Fair Value		$ 2,887,299
Consolidated Communications, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.96%
Maturity Date		Oct. 02, 2027
Principal/ Number of Shares		2,714,005
Cost		$ 2,544,699
Fair Value		$ 2,492,352
CORAL-US CO-BORROWER LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications
Industry		Term Loan B-5
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.79%
Maturity Date		Jan. 31, 2028
Principal/ Number of Shares		4,000,000
Cost		$ 3,990,261
Fair Value		$ 3,941,520
Corelogic, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan (4/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.96%
Maturity Date		Jun. 02, 2028
Principal/ Number of Shares		2,450,000
Cost		$ 2,441,541
Fair Value		$ 2,295,356
Cortes NP Acquisition Corp (Vertiv) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Capital Equipment
Industry		Term Loan 2/21
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.18%
Maturity Date		Mar. 02, 2027
Principal/ Number of Shares		1,945,000
Cost		$ 1,945,000
Fair Value		$ 1,946,712
Creative Artists Agency, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Diversified & Production
Industry		Term Loan B (02/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.85%
Maturity Date		Nov. 27, 2028
Principal/ Number of Shares		1,592,002
Cost		$ 1,581,259
Fair Value		$ 1,594,884
CROCS INC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.54%
Maturity Date		Feb. 19, 2029
Principal/ Number of Shares		1,500,000
Cost		$ 1,450,389
Fair Value		$ 1,503,195
Cross Financial Corp [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (3/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.46%
Maturity Date		Sep. 15, 2027
Principal/ Number of Shares		488,750
Cost		$ 488,517
Fair Value		$ 488,139
Crown Subsea Communications Holding, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building
Industry		Term Loan (4/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.43%
Maturity Date		Apr. 27, 2027
Principal/ Number of Shares		3,404,110
Cost		$ 3,381,709
Fair Value		$ 3,421,130
CSC Holdings LLC (Neptune Finco Corp.) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Broadcasting & Subscription
Industry		Term Loan B-5
Asset Name		Loan
Asset Type		1M USD LIBOR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.94%
Maturity Date		Apr. 15, 2027
Principal/ Number of Shares		481,250
Cost		$ 481,250
Fair Value		$ 449,743
CSC Holdings LLC (Neptune Finco Corp.) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Broadcasting & Subscription
Industry		Term Loan 12/22
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.82%
Maturity Date		Apr. 15, 2027
Principal/ Number of Shares		2,382,032
Cost		$ 2,373,479
Fair Value		$ 2,291,229
CTC Holdings, LP [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.52%
Maturity Date		Feb. 15, 2029
Principal/ Number of Shares		2,216,250
Cost		$ 2,169,883
Fair Value		$ 2,177,466
CTS Midco, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		6%
SOFR/LIBOR Floor		1%
Current Rate (All In)		11.64%
Maturity Date		Nov. 02, 2027
Principal/ Number of Shares		1,941,421
Cost		$ 1,905,431
Fair Value		$ 1,727,864
Daseke Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Cargo
Industry		Term Loan 2/21
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.46%
Maturity Date		Mar. 05, 2028
Principal/ Number of Shares		1,200,000
Cost		$ 1,196,089
Fair Value		$ 1,186,128
Dave & Buster’s Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan (6/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.19%
Maturity Date		Jun. 29, 2029
Principal/ Number of Shares		990,019
Cost		$ 947,653
Fair Value		$ 989,860
DCert Buyer, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.35%
Maturity Date		Oct. 16, 2026
Principal/ Number of Shares		1,458,438
Cost		$ 1,458,438
Fair Value		$ 1,439,712
Delek US Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Utilities: Oil & Gas
Industry		Term Loan B (11/22)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.95%
Maturity Date		Nov. 16, 2029
Principal/ Number of Shares		5,359,500
Cost		$ 5,254,511
Fair Value		$ 5,347,334
Delos Aircraft DAC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Consumer
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.39%
Maturity Date		Oct. 14, 2027
Principal/ Number of Shares		250,000
Cost		$ 250,000
Fair Value		$ 250,548
Delta 2 Lux Sarl [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.60%
Maturity Date		Jan. 15, 2030
Principal/ Number of Shares		2,000,000
Cost		$ 1,991,065
Fair Value		$ 2,000,620
Derby Buyer LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan (09/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.57%
Maturity Date		Nov. 01, 2030
Principal/ Number of Shares		625,000
Cost		$ 615,729
Fair Value		$ 622,394
DexKo Global, Inc. (Dragon Merger) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive
Industry		Term Loan (9/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.40%
Maturity Date		Oct. 04, 2028
Principal/ Number of Shares		985,000
Cost		$ 982,036
Fair Value		$ 965,073
DG Investment Intermediate Holdings 2, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense
Industry		Incremental Term Loan (3/22)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.10%
Maturity Date		Mar. 31, 2028
Principal/ Number of Shares		495,000
Cost		$ 478,051
Fair Value		$ 491,287
Diamond Sports Group, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]	Media: Broadcasting & Subscription
Industry	[1]	Second Lien Term Loan
Asset Name	[1]	Loan
Asset Type	[1]	1M USD SOFR+
Reference Rate/Spread	[1]	5.25%
SOFR/LIBOR Floor	[1]	0%
Current Rate (All In)	[1]	10.67%
Maturity Date	[1]	Aug. 24, 2026
Principal/ Number of Shares	[1]	3,374,880
Cost	[1]	$ 3,089,287
Fair Value	[1]	$ 71,716
Diamond Sports Group, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]	Media: Broadcasting & Subscription
Industry	[1]	1st Priority Term Loan
Asset Name	[1]	Loan
Asset Type	[1]	1M USD SOFR+
Reference Rate/Spread	[1]	10%
SOFR/LIBOR Floor	[1]	1%
Current Rate (All In)	[1]	15.42%
Maturity Date	[1]	May 25, 2026
Principal/ Number of Shares	[1]	342,343
Cost	[1]	$ 335,566
Fair Value	[1]	$ 246,977
DIRECTV FINANCING, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Broadcasting & Subscription
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.46%
Maturity Date		Aug. 02, 2027
Principal/ Number of Shares		3,280,000
Cost		$ 3,258,124
Fair Value		$ 3,222,862
DISCOVERY PURCHASER CORPORATION [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.38%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.77%
Maturity Date		Oct. 04, 2029
Principal/ Number of Shares		1,488,750
Cost		$ 1,383,919
Fair Value		$ 1,417,662
Dispatch Acquisition Holdings, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Environmental Industries
Industry		Term Loan B (3/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.79%
Maturity Date		Mar. 25, 2028
Principal/ Number of Shares		488,750
Cost		$ 485,513
Fair Value		$ 458,203
DOMTAR CORPORATION [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Forest Products & Paper
Industry		Term Loan 9/21
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.96%
Maturity Date		Nov. 30, 2028
Principal/ Number of Shares		1,260,510
Cost		$ 1,227,610
Fair Value		$ 1,241,602
DOTDASH MEREDITH, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.42%
Maturity Date		Nov. 30, 2028
Principal/ Number of Shares		1,979,798
Cost		$ 1,807,707
Fair Value		$ 1,950,101
DRI HOLDING INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing
Industry		Term Loan (12/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.70%
Maturity Date		Dec. 15, 2028
Principal/ Number of Shares		3,942,469
Cost		$ 3,813,846
Fair Value		$ 3,587,646
DRW Holdings, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (2/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.21%
Maturity Date		Mar. 01, 2028
Principal/ Number of Shares		6,370,000
Cost		$ 6,336,957
Fair Value		$ 6,351,400
DTZ U.S. Borrower, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.21%
Maturity Date		Aug. 21, 2025
Principal/ Number of Shares		198,929
Cost		$ 198,647
Fair Value		$ 198,432
DTZ U.S. Borrower, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building
Industry		Term Loan (01/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.70%
Maturity Date		Jan. 31, 2030
Principal/ Number of Shares		2,029,327
Cost		$ 2,026,514
Fair Value		$ 1,963,374
DTZ U.S. Borrower, LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building
Industry		Term Loan (08/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.35%
Maturity Date		Jan. 31, 2030
Principal/ Number of Shares		1,100,000
Cost		$ 1,073,252
Fair Value		$ 1,075,250
EAB Global, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan (08/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.96%
Maturity Date		Aug. 16, 2028
Principal/ Number of Shares		982,500
Cost		$ 979,067
Fair Value		$ 976,566
Echo Global Logistics, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.95%
Maturity Date		Nov. 23, 2028
Principal/ Number of Shares		1,970,000
Cost		$ 1,966,879
Fair Value		$ 1,851,091
Edelman Financial Group Inc., The [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (3/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.96%
Maturity Date		Apr. 07, 2028
Principal/ Number of Shares		2,171,883
Cost		$ 2,166,634
Fair Value		$ 2,147,949
Electrical Components Inter., Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Capital Equipment
Industry		Term Loan (6/18)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.74%
Maturity Date		Jun. 26, 2025
Principal/ Number of Shares		1,873,417
Cost		$ 1,873,417
Fair Value		$ 1,844,154
ELECTRON BIDCO INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.46%
Maturity Date		Nov. 01, 2028
Principal/ Number of Shares		492,500
Cost		$ 490,840
Fair Value		$ 491,953
ELO Touch Solutions, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Diversified & Production
Industry		Term Loan (12/18)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		6.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		11.96%
Maturity Date		Dec. 14, 2025
Principal/ Number of Shares		1,966,935
Cost		$ 1,929,446
Fair Value		$ 1,911,625
Embecta Corp [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan B
Asset Name		Loan
Asset Type		6M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.34%
Maturity Date		Mar. 30, 2029
Principal/ Number of Shares		2,605,208
Cost		$ 2,587,637
Fair Value		$ 2,547,685
Emerson Climate Technologies Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan B (04/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.35%
Maturity Date		May 31, 2030
Principal/ Number of Shares		626,147
Cost		$ 620,209
Fair Value		$ 626,422
Endo Luxembourg Finance Company I S.a.r.l. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan (3/21)
Asset Name		Loan
Asset Type		Prime
Reference Rate/Spread		6%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		14.50%
Maturity Date		Mar. 27, 2028
Principal/ Number of Shares		2,335,285
Cost		$ 2,329,778
Fair Value		$ 1,500,421
Endure Digital, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B
Asset Name		Loan
Asset Type		6M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.42%
Maturity Date		Feb. 10, 2028
Principal/ Number of Shares		2,443,750
Cost		$ 2,435,835
Fair Value		$ 2,351,670
Entain Holdings (Gibraltar) Limited [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan B (10/22)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.99%
Maturity Date		Oct. 30, 2029
Principal/ Number of Shares		1,491,248
Cost		$ 1,475,263
Fair Value		$ 1,492,486
EOS U.S. FINCO LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Cargo
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		5.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		11.16%
Maturity Date		Oct. 06, 2029
Principal/ Number of Shares		981,250
Cost		$ 911,874
Fair Value		$ 899,482
Equiniti Group PLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan B
Asset Name		Loan
Asset Type		6M USD SOFR+
Reference Rate/Spread		4.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.09%
Maturity Date		Dec. 11, 2028
Principal/ Number of Shares		982,500
Cost		$ 975,049
Fair Value		$ 983,119
Evertec Group LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (09/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.85%
Maturity Date		Oct. 12, 2030
Principal/ Number of Shares		1,250,000
Cost		$ 1,231,250
Fair Value		$ 1,246,875
EyeCare Partners, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.39%
Maturity Date		Feb. 18, 2027
Principal/ Number of Shares		1,933,172
Cost		$ 1,933,172
Fair Value		$ 999,972
Finco I LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (08/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.38%
Maturity Date		Jun. 27, 2029
Principal/ Number of Shares		2,823,872
Cost		$ 2,820,834
Fair Value		$ 2,826,216
First Brands Group, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive
Industry		1st Lien Term Loan (3/21)
Asset Name		Loan
Asset Type		6M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.88%
Maturity Date		Mar. 30, 2027
Principal/ Number of Shares		4,875,000
Cost		$ 4,825,909
Fair Value		$ 4,788,469
First Eagle Investment Management [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Refinancing Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.99%
Maturity Date		Feb. 01, 2027
Principal/ Number of Shares		5,105,275
Cost		$ 5,095,245
Fair Value		$ 5,061,268
First Student Bidco Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Consumer
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.65%
Maturity Date		Jul. 21, 2028
Principal/ Number of Shares		717,321
Cost		$ 713,586
Fair Value		$ 705,069
First Student Bidco Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Consumer
Industry		Term Loan C
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.65%
Maturity Date		Jul. 21, 2028
Principal/ Number of Shares		269,608
Cost		$ 268,194
Fair Value		$ 265,003
Fitness International, LLC (LA Fitness) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan B (4/18)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		1%
Current Rate (All In)		8.70%
Maturity Date		Apr. 18, 2025
Principal/ Number of Shares		1,330,058
Cost		$ 1,327,769
Fair Value		$ 1,319,844
Flutter Financing B.V. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan B (11/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.57%
Maturity Date		Nov. 10, 2030
Principal/ Number of Shares		3,000,000
Cost		$ 2,992,500
Fair Value		$ 2,985,000
Flutter Financing B.V. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Third Amendment 2028-B Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.90%
Maturity Date		Jul. 21, 2028
Principal/ Number of Shares		311,641
Cost		$ 305,724
Fair Value		$ 311,747
FOCUS FINANCIAL PARTNERS, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.60%
Maturity Date		Jun. 30, 2028
Principal/ Number of Shares		1,476,115
Cost		$ 1,461,210
Fair Value		$ 1,475,008
Franchise Group, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		First Out Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.44%
Maturity Date		Mar. 10, 2026
Principal/ Number of Shares		799,104
Cost		$ 794,937
Fair Value		$ 594,533
Franchise Group, Inc.One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.39%
Maturity Date		Mar. 10, 2026
Principal/ Number of Shares		2,985,000
Cost		$ 2,870,120
Fair Value		$ 2,238,750
Franklin Square Holdings, L.P. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.70%
Maturity Date		Aug. 01, 2025
Principal/ Number of Shares		4,274,975
Cost		$ 4,265,372
Fair Value		$ 4,274,975
Froneri International (R&R Ice Cream) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco
Industry		Term Loan B-2
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.70%
Maturity Date		Jan. 29, 2027
Principal/ Number of Shares		1,935,000
Cost		$ 1,933,409
Fair Value		$ 1,934,013
Garrett LX III S.a r.l. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive
Industry		Dollar Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.89%
Maturity Date		Apr. 30, 2028
Principal/ Number of Shares		1,470,000
Cost		$ 1,465,230
Fair Value		$ 1,468,163
Gemini HDPE LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan B (12/20)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.64%
Maturity Date		Dec. 31, 2027
Principal/ Number of Shares		2,210,434
Cost		$ 2,199,038
Fair Value		$ 2,198,918
Genesee & Wyoming, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Cargo
Industry		Term Loan (11/19)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.49%
Maturity Date		Dec. 30, 2026
Principal/ Number of Shares		1,447,500
Cost		$ 1,444,152
Fair Value		$ 1,447,876
GGP Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.95%
Maturity Date		Aug. 27, 2025
Principal/ Number of Shares		2,813,716
Cost		$ 2,599,873
Fair Value		$ 2,793,120
GIP Pilot Acquisition Partners, L.P. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Energy: Oil & Gas
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.39%
Maturity Date		Oct. 04, 2030
Principal/ Number of Shares		500,000
Cost		$ 497,500
Fair Value		$ 498,750
Global Tel*Link Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Telecommunications
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.78%
Maturity Date		Nov. 29, 2025
Principal/ Number of Shares		4,859,368
Cost		$ 4,750,849
Fair Value		$ 4,666,353
Go Daddy Operating Company, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan 2/21
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.46%
Maturity Date		Aug. 10, 2027
Principal/ Number of Shares		949,865
Cost		$ 949,865
Fair Value		$ 949,865
GOLDEN WEST PACKAGING GROUP LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Forest Products & Paper
Industry		Term Loan (11/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.71%
Maturity Date		Dec. 01, 2027
Principal/ Number of Shares		1,900,000
Cost		$ 1,886,250
Fair Value		$ 1,691,000
Graham Packaging Co Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass
Industry		Term Loan (2/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.46%
Maturity Date		Aug. 07, 2027
Principal/ Number of Shares		945,831
Cost		$ 941,791
Fair Value		$ 943,012
Great Outdoors Group, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail
Industry		Term Loan B2
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.40%
Maturity Date		Mar. 06, 2028
Principal/ Number of Shares		972,650
Cost		$ 969,503
Fair Value		$ 963,449
Griffon Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		2.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.79%
Maturity Date		Jan. 24, 2029
Principal/ Number of Shares		144,688
Cost		$ 144,458
Fair Value		$ 144,507
Grosvenor Capital Management Holdings, LLLP [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Amendment 5 Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.96%
Maturity Date		Feb. 24, 2028
Principal/ Number of Shares		2,815,150
Cost		$ 2,813,659
Fair Value		$ 2,817,796
Groupe Solmax Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Environmental Industries
Industry		Term Loan (6/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.40%
Maturity Date		May 27, 2028
Principal/ Number of Shares		2,479,747
Cost		$ 2,115,899
Fair Value		$ 2,289,773
GYP HOLDINGS III CORP. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building
Industry		2023 Refinancing Term Loans
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.35%
Maturity Date		Apr. 25, 2030
Principal/ Number of Shares		250,000
Cost		$ 248,786
Fair Value		$ 250,625
Harbor Freight Tools USA, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail
Industry		Term Loan B (06/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.21%
Maturity Date		Oct. 19, 2027
Principal/ Number of Shares		3,344,665
Cost		$ 3,329,534
Fair Value		$ 3,317,941
Helix Gen Funding, LLc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Energy: Electricity
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.10%
Maturity Date		Dec. 31, 2027
Principal/ Number of Shares		991,574
Cost		$ 972,966
Fair Value		$ 992,447
Hertz Corporation (The) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Transportation: Consumer
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.08%
Maturity Date		Jun. 30, 2028
Principal/ Number of Shares		500,000
Cost		$ 490,016
Fair Value		$ 493,750
Hillman Group Inc. (The) (New) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan B-1 (2/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.21%
Maturity Date		Jul. 14, 2028
Principal/ Number of Shares		3,181,350
Cost		$ 3,177,383
Fair Value		$ 3,176,865
Hilton Domestic Operating Company Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan B 4
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.44%
Maturity Date		Nov. 08, 2030
Principal/ Number of Shares		1,500,000
Cost		$ 1,496,277
Fair Value		$ 1,500,810
Hilton Grand Vacations Borrower LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan (3/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.21%
Maturity Date		Aug. 02, 2028
Principal/ Number of Shares		498,728
Cost		$ 498,728
Fair Value		$ 498,104
Hilton Grand Vacation Borrower LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.18%
Maturity Date		Aug. 02, 2028
Principal/ Number of Shares		500,000
Cost		$ 500,000
Fair Value		$ 499,375
HLF Financing SARL (Herbalife) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Non-durable
Industry		Term Loan B (08/18)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.96%
Maturity Date		Aug. 18, 2025
Principal/ Number of Shares		3,480,000
Cost		$ 3,475,798
Fair Value		$ 3,455,849
Holley Purchaser, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive
Industry		Term Loan (11/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.40%
Maturity Date		Nov. 17, 2028
Principal/ Number of Shares		2,260,252
Cost		$ 2,253,200
Fair Value		$ 2,136,888
Howden Group Holdings [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (1/21)
Asset Name		Loan
Asset Type		1M USD LIBOR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.75%
Maturity Date		Nov. 12, 2027
Principal/ Number of Shares		2,135,720
Cost		$ 2,128,773
Fair Value		$ 2,131,812
Hudson River Trading LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (3/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.46%
Maturity Date		Mar. 17, 2028
Principal/ Number of Shares		5,850,000
Cost		$ 5,811,835
Fair Value		$ 5,801,796
Hunter Douglas Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Durable
Industry		Term Loan B-1
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.88%
Maturity Date		Feb. 26, 2029
Principal/ Number of Shares		1,979,950
Cost		$ 1,737,158
Fair Value		$ 1,909,582
Idera, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan (02/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.28%
Maturity Date		Mar. 02, 2028
Principal/ Number of Shares		4,774,385
Cost		$ 4,767,842
Fair Value		$ 4,714,705
IMA Financial Group, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (11/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.19%
Maturity Date		Nov. 01, 2028
Principal/ Number of Shares		500,000
Cost		$ 497,500
Fair Value		$ 498,750
IMA Financial Group, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (10/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.21%
Maturity Date		Nov. 01, 2028
Principal/ Number of Shares		1,965,000
Cost		$ 1,957,998
Fair Value		$ 1,960,088
INDY US BIDCO, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan (11/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.10%
Maturity Date		Mar. 06, 2028
Principal/ Number of Shares		2,198,875
Cost		$ 2,198,096
Fair Value		$ 2,112,305
INEOS 226 Ltd. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan 3/23
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.20%
Maturity Date		Mar. 13, 2030
Principal/ Number of Shares		498,750
Cost		$ 493,951
Fair Value		$ 481,917
Ineos US Finance LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan C
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.95%
Maturity Date		Feb. 09, 2030
Principal/ Number of Shares		997,500
Cost		$ 987,946
Fair Value		$ 987,994
INEOS US PETROCHEM LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.70%
Maturity Date		Apr. 03, 2029
Principal/ Number of Shares		2,464,874
Cost		$ 2,410,868
Fair Value		$ 2,394,009
Informatica Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B (10/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.21%
Maturity Date		Oct. 27, 2028
Principal/ Number of Shares		492,500
Cost		$ 492,222
Fair Value		$ 490,776
Ingram Micro Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Wholesale
Industry		Term Loan (09/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.65%
Maturity Date		Jun. 30, 2028
Principal/ Number of Shares		1,095,000
Cost		$ 1,087,159
Fair Value		$ 1,092,263
Inmar, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan (06/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5.50%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.85%
Maturity Date		May 01, 2026
Principal/ Number of Shares		3,341,625
Cost		$ 3,239,173
Fair Value		$ 3,249,730
Innophos, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.71%
Maturity Date		Feb. 04, 2027
Principal/ Number of Shares		482,500
Cost		$ 481,433
Fair Value		$ 472,729
INSTANT BRANDS HOLDINGS INC. (a) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]	Consumer goods: Durable
Industry	[1]	Term Loan 4/21
Asset Name	[1]	Loan
Asset Type	[1]	Prime
Reference Rate/Spread	[1]	4%
SOFR/LIBOR Floor	[1]	0.75%
Current Rate (All In)	[1]	14.50%
Maturity Date	[1]	Apr. 07, 2028
Principal/ Number of Shares	[1]	3,942,576
Cost	[1]	$ 3,928,417
Fair Value	[1]	$ 285,009
INSTANT BRANDS HOLDINGS INC. (a) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]	Consumer goods: Durable
Industry	[1]	PIK DIP Term Loan
Asset Name	[1]	Loan
Asset Type	[1]	1M USD SOFR+
Reference Rate/Spread	[1]	10%
SOFR/LIBOR Floor	[1]	1%
Current Rate (All In)	[1]	15.46%
Maturity Date	[1]	Dec. 12, 2023
Principal/ Number of Shares	[1]	1,505,449
Cost	[1]	$ 1,447,846
Fair Value	[1]	$ 1,543,085
IRB Holding Corporation [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco
Industry		Term Loan B (1/22)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.45%
Maturity Date		Dec. 15, 2027
Principal/ Number of Shares		496,221
Cost		$ 491,846
Fair Value		$ 495,219
Isagenix International, LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Beverage, Food & Tobacco
Industry		Term Loan
Asset Name		Loan
Asset Type		6M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.04%
Maturity Date		Apr. 13, 2028
Principal/ Number of Shares		1,231,904
Cost		$ 797,368
Fair Value		$ 1,047,119
Isolved Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan
Asset Name		Loan
Asset Type		6M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.48%
Maturity Date		Oct. 05, 2030
Principal/ Number of Shares		625,000
Cost		$ 618,832
Fair Value		$ 624,219
Jane Street Group One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (1/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.21%
Maturity Date		Jan. 31, 2028
Principal/ Number of Shares		3,890,000
Cost		$ 3,888,510
Fair Value		$ 3,890,739
Journey Personal Care Corp One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Non-durable
Industry		Term Loan B
Asset Name		Loan
Asset Type		6M USD LIBOR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.98%
Maturity Date		Mar. 01, 2028
Principal/ Number of Shares		977,500
Cost		$ 974,155
Fair Value		$ 941,333
JP Intermediate B, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Non-durable
Industry		Term Loan 7/23
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		5.50%
SOFR/LIBOR Floor		1%
Current Rate (All In)		11.14%
Maturity Date		Nov. 20, 2027
Principal/ Number of Shares		3,456,884
Cost		$ 3,441,879
Fair Value		$ 622,239
Kleopatra Finco S.a r.l. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Containers, Packaging & Glass
Industry		Term Loan (1/21) (USD)
Asset Name		Loan
Asset Type		6M USD SOFR+
Reference Rate/Spread		4.73%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.48%
Maturity Date		Feb. 12, 2026
Principal/ Number of Shares		1,462,500
Cost		$ 1,459,970
Fair Value		$ 1,346,421
Kodiak BP, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.90%
Maturity Date		Mar. 13, 2028
Principal/ Number of Shares		487,430
Cost		$ 486,463
Fair Value		$ 484,788
Koppers Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.93%
Maturity Date		Apr. 10, 2030
Principal/ Number of Shares		997,500
Cost		$ 969,191
Fair Value		$ 999,994
KREF Holdings X LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (11/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.94%
Maturity Date		Sep. 01, 2027
Principal/ Number of Shares		487,566
Cost		$ 480,274
Fair Value		$ 477,814
Lakeland Tours, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Holdco Fixed Term Loan
Asset Name		Loan
Reference Rate/Spread		0%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8%
Maturity Date		Sep. 27, 2027
Principal/ Number of Shares		1,127,568
Cost		$ 554,262
Fair Value		$ 834,400
Lealand Finance Company B.V One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Energy: Oil & Gas
Industry		Exit Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		1%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.46%
Maturity Date		Jun. 30, 2025
Principal/ Number of Shares		353,067
Cost		$ 353,067
Fair Value		$ 156,673
LHS BORROWER, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Construction & Building
Industry		Term Loan (02/22)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.20%
Maturity Date		Feb. 16, 2029
Principal/ Number of Shares		2,482,172
Cost		$ 2,076,065
Fair Value		$ 2,181,209
Lifetime Brands, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Consumer goods: Non-durable
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5.50%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.94%
Maturity Date		Aug. 26, 2027
Principal/ Number of Shares		1,659,313
Cost		$ 1,652,811
Fair Value		$ 1,568,051
Liquid Tech Solutions Holdings, LLC One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.40%
Maturity Date		Mar. 17, 2028
Principal/ Number of Shares		977,500
Cost		$ 975,116
Fair Value		$ 959,582
LogMeIn, Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan (8/20)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		10.28%
Maturity Date		Aug. 31, 2027
Principal/ Number of Shares		3,890,000
Cost		$ 3,845,562
Fair Value		$ 2,547,950
LOYALTY VENTURES INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[1]	Services: Business
Industry	[1]	Term Loan B
Asset Name	[1]	Loan
Asset Type	[1]	Prime
Reference Rate/Spread	[1]	5.50%
SOFR/LIBOR Floor	[1]	0.50%
Current Rate (All In)	[1]	14%
Maturity Date	[1]	Nov. 03, 2027
Principal/ Number of Shares	[1]	2,913,525
Cost	[1]	$ 2,901,389
Fair Value	[1]	$ 26,717
LPL Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B1
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.17%
Maturity Date		Nov. 11, 2026
Principal/ Number of Shares		1,198,517
Cost		$ 1,197,542
Fair Value		$ 1,197,271
LSF11 A5 HOLDCO LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan (01/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.70%
Maturity Date		Oct. 14, 2028
Principal/ Number of Shares		1,496,250
Cost		$ 1,476,730
Fair Value		$ 1,479,103
LSF11 A5 HOLDCO LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.96%
Maturity Date		Oct. 16, 2028
Principal/ Number of Shares		246,250
Cost		$ 245,423
Fair Value		$ 242,125
LSF11 TRINITY BIDCO INC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Aerospace & Defense
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.57%
Maturity Date		Jun. 14, 2030
Principal/ Number of Shares		997,500
Cost		$ 983,188
Fair Value		$ 997,500
LSF9 Atlantis Holdings, LLC (A Wireless) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		7.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		12.64%
Maturity Date		Mar. 29, 2029
Principal/ Number of Shares		2,812,500
Cost		$ 2,734,432
Fair Value		$ 2,635,847
MAGNITE, INC. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.46%
Maturity Date		Apr. 28, 2028
Principal/ Number of Shares		2,942,374
Cost		$ 2,884,940
Fair Value		$ 2,946,581
Marriott Ownership Resorts, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Hotel, Gaming & Leisure
Industry		Term Loan (11/19)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.20%
Maturity Date		Aug. 29, 2025
Principal/ Number of Shares		1,317,074
Cost		$ 1,317,074
Fair Value		$ 1,312,793
Match Group, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Consumer
Industry		Term Loan (1/20)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.30%
Maturity Date		Feb. 15, 2027
Principal/ Number of Shares		250,000
Cost		$ 249,714
Fair Value		$ 248,673
Mayfield Agency Borrower Inc. (FeeCo) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan B (02/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		0%
Current Rate (All In)		10.45%
Maturity Date		Feb. 27, 2028
Principal/ Number of Shares		3,441,375
Cost		$ 3,350,332
Fair Value		$ 3,446,399
McGraw-Hill Education, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Advertising, Printing & Publishing
Industry		Term Loan (07/21)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.21%
Maturity Date		Jul. 28, 2028
Principal/ Number of Shares		1,960,000
Cost		$ 1,944,688
Fair Value		$ 1,922,544
MedAssets Software Inter Hldg, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan (11/21) (USD)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.46%
Maturity Date		Dec. 18, 2028
Principal/ Number of Shares		492,500
Cost		$ 489,926
Fair Value		$ 388,051
Mermaid Bidco Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B2
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.90%
Maturity Date		Dec. 22, 2027
Principal/ Number of Shares		1,971,366
Cost		$ 1,951,214
Fair Value		$ 1,970,143
Michaels Companies Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail
Industry		Term Loan B (Magic Mergeco)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.90%
Maturity Date		Apr. 08, 2028
Principal/ Number of Shares		2,448,662
Cost		$ 2,434,987
Fair Value		$ 1,857,922
MKS Instruments, Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.82%
Maturity Date		Aug. 17, 2029
Principal/ Number of Shares		1,500,000
Cost		$ 1,496,324
Fair Value		$ 1,495,620
Momentive Performance Materials Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan (03/23)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.85%
Maturity Date		Mar. 28, 2028
Principal/ Number of Shares		497,500
Cost		$ 479,421
Fair Value		$ 475,610
Moneygram International, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		5.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.91%
Maturity Date		May 31, 2030
Principal/ Number of Shares		2,500,000
Cost		$ 2,120,669
Fair Value		$ 2,381,250
Mosel Bidco SE [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.14%
Maturity Date		Sep. 16, 2030
Principal/ Number of Shares		500,000
Cost		$ 495,100
Fair Value		$ 499,375
MPH Acquisition Holdings LLC (Multiplan) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Services: Business
Industry		Term Loan B (08/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.90%
Maturity Date		Sep. 01, 2028
Principal/ Number of Shares		2,969,697
Cost		$ 2,732,570
Fair Value		$ 2,812,303
NAB Holdings, LLC (North American Bancard) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Banking, Finance, Insurance & Real Estate
Industry		Term Loan (11/21)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.54%
Maturity Date		Nov. 23, 2028
Principal/ Number of Shares		2,947,500
Cost		$ 2,942,337
Fair Value		$ 2,943,816
Napa Management Services Corp [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan B (02/22)
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.70%
Maturity Date		Feb. 22, 2029
Principal/ Number of Shares		2,977,330
Cost		$ 2,436,226
Fair Value		$ 2,476,781
Natgasoline LLC [Member | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.96%
Maturity Date		Nov. 14, 2025
Principal/ Number of Shares		3,314,598
Cost		$ 3,302,114
Fair Value		$ 3,289,738
National Mentor Holdings, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan 2/21
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.20%
Maturity Date		Mar. 02, 2028
Principal/ Number of Shares		2,715,157
Cost		$ 2,707,940
Fair Value		$ 2,458,928
National Mentor Holdings, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Healthcare & Pharmaceuticals
Industry		Term Loan C 2/21
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		3.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.24%
Maturity Date		Mar. 02, 2028
Principal/ Number of Shares		87,464
Cost		$ 87,202
Fair Value		$ 79,210
Nexstar Broadcasting, Inc. (Mission Broadcasting) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Media: Broadcasting & Subscription
Industry		Term Loan
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.96%
Maturity Date		Sep. 18, 2026
Principal/ Number of Shares		657,625
Cost		$ 653,653
Fair Value		$ 657,007
Next Level Apparel, Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Retail
Industry		Term Loan
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		7.50%
SOFR/LIBOR Floor		1%
Current Rate (All In)		13%
Maturity Date		Aug. 09, 2024
Principal/ Number of Shares		2,627,584
Cost		$ 2,586,255
Fair Value		$ 1,970,688
NortonLifeLock Inc. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		High Tech Industries
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		2%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.45%
Maturity Date		Sep. 12, 2029
Principal/ Number of Shares		1,244,848
Cost		$ 1,239,968
Fair Value		$ 1,241,026
Nouryon Finance B.V. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.42%
Maturity Date		Apr. 03, 2028
Principal/ Number of Shares		498,750
Cost		$ 493,763
Fair Value		$ 494,800
Nouryon Finance B.V. [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Chemicals, Plastics, & Rubber
Industry		Term Loan (05/23)
Asset Name		Loan
Asset Type		3M USD SOFR+
Reference Rate/Spread		4%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.47%
Maturity Date		Apr. 03, 2028
Principal/ Number of Shares		500,000
Cost		$ 495,075
Fair Value		$ 495,780
Novae LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name		Automotive
Industry		Term Loan B
Asset Name		Loan
Asset Type		1M USD SOFR+
Reference Rate/Spread		5%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.43%
Maturity Date		Dec. 22, 2028
Principal/ Number of Shares		1,970,000
Cost		$ 1,958,410
Fair Value		$ 1,883,813
Kodiak BP, LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Construction & Building
Industry				Term Loan
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				7.98%
Maturity Date				Mar. 13, 2028
Principal/ Number of Shares				491,242
Cost				$ 490,111
Fair Value				$ 472,083
Lealand Finance Company B.V Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Energy: Oil & Gas
Industry				Exit Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1%
SOFR/LIBOR Floor				0%
Current Rate (All In)				5.63%
Maturity Date				Jun. 30, 2025
Principal/ Number of Shares				345,078
Cost				$ 345,078
Fair Value				$ 221,426
LHS BORROWER, LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Construction & Building
Industry				Term Loan (02/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.47%
Maturity Date				Feb. 16, 2029
Principal/ Number of Shares				997,487
Cost				$ 815,989
Fair Value				$ 817,940
Lifetime Brands, Inc Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Consumer goods: Non-durable
Industry				Term Loan B
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.23%
Maturity Date				Feb. 28, 2025
Principal/ Number of Shares				2,616,496
Cost				$ 2,602,628
Fair Value				$ 2,295,975
Liquid Tech Solutions Holdings, LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan
Asset Name				Loan
Asset Type				6M USD LIBOR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.92%
Maturity Date				Mar. 17, 2028
Principal/ Number of Shares				985,000
Cost				$ 982,312
Fair Value				$ 940,675
LogMeIn, Inc. Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan (8/20)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.38%
Maturity Date				Aug. 31, 2027
Principal/ Number of Shares				3,920,000
Cost				$ 3,868,809
Fair Value				$ 2,137,145
LOYALTY VENTURES INC. Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name	[2]			Services: Business
Industry	[2]			Term Loan B
Asset Name	[2]			Loan
Asset Type	[2]			Prime
Reference Rate/Spread	[2]			3.50%
SOFR/LIBOR Floor	[2]			0.50%
Current Rate (All In)	[2]			11.25%
Maturity Date	[2]			Nov. 03, 2027
Principal/ Number of Shares	[2]			3,089,630
Cost	[2]			$ 3,074,278
Fair Value	[2]			$ 926,889
LPL Holdings, Inc. Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B1
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.32%
Maturity Date				Nov. 11, 2026
Principal/ Number of Shares				1,207,856
Cost				$ 1,206,501
Fair Value				$ 1,203,701
LSF11 A5 HOLDCO LLC Two [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan (01/23)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.97%
Maturity Date				Oct. 14, 2028
Principal/ Number of Shares				500,000
Cost				$ 486,534
Fair Value				$ 489,165
LSF11 A5 HOLDCO LLC Three [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.23%
Maturity Date				Oct. 16, 2028
Principal/ Number of Shares				248,125
Cost				$ 247,170
Fair Value				$ 241,508
LSF9 Atlantis Holdings, LLC (A Wireless) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Retail
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				7.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				11.83%
Maturity Date				Mar. 29, 2029
Principal/ Number of Shares				2,962,500
Cost				$ 2,872,908
Fair Value				$ 2,888,438
MAGNITE, INC. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.63%
Maturity Date				Apr. 28, 2028
Principal/ Number of Shares				2,964,950
Cost				$ 2,901,156
Fair Value				$ 2,826,575
Marriott Ownership Resorts, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Hotel, Gaming & Leisure
Industry				Term Loan (11/19)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.38%
Maturity Date				Aug. 29, 2025
Principal/ Number of Shares				1,317,074
Cost				$ 1,317,074
Fair Value				$ 1,308,842
Match Group, Inc, One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Consumer
Industry				Term Loan (1/20)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				6.49%
Maturity Date				Feb. 15, 2027
Principal/ Number of Shares				250,000
Cost				$ 249,658
Fair Value				$ 247,500
Maxar Technologies Inc [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Aerospace & Defense
Industry				Term Loan (6/22)
Asset Name				Loan
Asset Type				1M USD SOFR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.97%
Maturity Date				Jun. 14, 2029
Principal/ Number of Shares				1,994,987
Cost				$ 1,926,722
Fair Value				$ 1,997,641
Mayfield Agency Borrower Inc. (FeeCo) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan B (02/23)
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				5%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.81%
Maturity Date				Feb. 27, 2028
Principal/ Number of Shares				3,450,000
Cost				$ 3,346,500
Fair Value				$ 3,363,750
McGraw-Hill Education, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Media: Advertising, Printing & Publishing
Industry				Term Loan (07/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.70%
Maturity Date				Jul. 28, 2028
Principal/ Number of Shares				1,975,000
Cost				$ 1,957,770
Fair Value				$ 1,894,025
MedAssets Software Inter Hldg, Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan (11/21) (USD)
Asset Name				Loan
Asset Type				1M USD LIBOR+
Reference Rate/Spread				4%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.63%
Maturity Date				Dec. 18, 2028
Principal/ Number of Shares				496,250
Cost				$ 493,413
Fair Value				$ 462,753
Mermaid Bidco Inc. One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				High Tech Industries
Industry				Term Loan B2
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.30%
Maturity Date				Dec. 22, 2027
Principal/ Number of Shares				983,769
Cost				$ 981,224
Fair Value				$ 964,093
Messer Industries, LLC [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Chemicals, Plastics, & Rubber
Industry				Term Loan B
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.23%
Maturity Date				Mar. 01, 2026
Principal/ Number of Shares				2,980,405
Cost				$ 2,970,477
Fair Value				$ 2,968,871
Michaels Companies Inc One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Retail
Industry				Term Loan B (Magic Mergeco)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.98%
Maturity Date				Apr. 08, 2028
Principal/ Number of Shares				2,467,450
Cost				$ 2,452,022
Fair Value				$ 2,254,632
MPH Acquisition Holdings LLC (Multiplan) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Services: Business
Industry				Term Loan B (08/21)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.20%
Maturity Date				Sep. 01, 2028
Principal/ Number of Shares				2,992,424
Cost				$ 2,725,679
Fair Value				$ 2,509,148
MW Industries, Inc. (Helix Acquisition Holdings) [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Capital Equipment
Industry				Term Loan (2019 Incremental)
Asset Name				Loan
Asset Type				3M USD LIBOR+
Reference Rate/Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.48%
Maturity Date				Sep. 30, 2024
Principal/ Number of Shares				2,842,097
Cost				$ 2,823,791
Fair Value				$ 2,778,150
NAB Holdings, LLC (North American Bancard) One [Member] | Investment in Saratoga CLO [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments Cash and Cash Equivalents [Line Items]
Issuer Name				Banking, Finance, Insurance & Real Estate
Industry				Term Loan (11/21)
Asset Name				Loan
Asset Type				3M USD SOFR+
Reference Rate/Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.73%
Maturity Date				Nov. 23, 2028
Principal/ Number of Shares				2,970,000
Cost				$ 2,963,897
Fair Value				$ 2,927,678
[1]As of November 30, 2023, the investment was in default and on non-accrual status.[2]Included within cash and cash equivalents in Saratoga CLO’s Statements of Assets and Liabilities as of November 30, 2023.[3]Investments include Payment-in-Kind Interest.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Income Taxes [Abstract]
Owned percentage			100%
U.S. federal tax percentage			21%
Deferred tax assets	$ 2.2		$ 2.2
Deferred tax expense	0.4	$ 0.4	0.6	$ 1
Operating expense	$ 0.2
Income tax provision		(0.5)		(0.5)
Net change in total operating expense		$ 0.1		$ (0.1)
Total operating expense			$ 0

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	Nov. 30, 2023	Feb. 28, 2023
Schedule of Deferred Tax Assets and Liabilities [Abstract]
Total deferred tax assets	$ 2,382,032	$ 2,542,373
Total deferred tax liabilities	(3,586,522)	(3,008,829)
Valuation allowance on net deferred tax assets	(2,217,816)	(2,350,116)
Net deferred tax liability	$ (3,422,306)	$ (2,816,572)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Federal and State Income Tax Provisions Benefit - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Current
Federal		$ (255,959)		$ (473,475)
State		(158,721)		(80,273)
Net current expense		(414,680)		(553,748)
Deferred
Federal	699,986	460,531	661,245	844,727
State	(64,192)	(29,901)	(55,512)	45,917
Net deferred expense	635,794	430,629	605,733	890,645
Net tax provision	$ 635,794	$ 15,949	$ 605,733	$ 336,896

Agreements and Related Party _2

Agreements and Related Party Transactions (Details) - USD ($)				1 Months Ended				3 Months Ended						9 Months Ended		12 Months Ended
	Aug. 01, 2023	Jul. 06, 2023	Aug. 11, 2021	Feb. 28, 2023	Feb. 26, 2021	Jul. 30, 2010	May 31, 2010	Nov. 30, 2023	May 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Nov. 30, 2023	Nov. 30, 2022	Feb. 28, 2023	Oct. 28, 2022	Nov. 30, 2021	Aug. 09, 2021	Dec. 14, 2018	Jul. 13, 2018
Agreements and Related Party Transactions (Details) [Line Items]
Management agreement														2 years
Management fee, description														The base management fee of 1.75% per year is calculated based on the average value of the Company’s gross assets (other than cash or cash equivalents, but including assets purchased with borrowed funds) at the end of the two most recently completed fiscal quarters.
Net investment income percentage														20%
Quarterly hurdle rate measured														1.875%
Incentive fee description														Under this provision, in any fiscal quarter, the Manager receives no incentive fee unless our pre-incentive fee net investment income exceeds the hurdle rate of 1.875%. The Manager will receive 100.0% of pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than or equal to 2.344% in any fiscal quarter; and 20.0% of the amount of our pre-incentive fee net investment income, if any, that exceeds 2.344% in any fiscal quarter.
Incentive fee capital gains percentage							20%
Management fee				$ 4,300,000				$ 4,900,000			$ 4,300,000			$ 14,300,000	$ 12,200,000
Incentive fees								3,300,000			2,300,000			9,800,000	3,900,000
Incentive fees capital								1,000,000			800,000			(5,000,000)	(3,700,000)
Incentive fees accrual				7,900,000
Reimbursement of expenses														2,800,000	2,300,000
Administrator expenses																$ 1,000
Upsized in assets				$ 116,255,582				90,470,138		$ 116,255,582				90,470,138		$ 116,255,582				$ 500,000,000
Aggregate principal amount								74,450,000						74,450,000			$ 402,100,000
Repayment of loan														57,000,000	35,340,000
Realized loss			$ 100,000					60,565	$ 90,691	$ 80,683	(740,434)	$ 7,943,838	$ 162,509	151,256	7,365,913
Interest Income								400,000			100,000			1,300,000	100,000
Interest receivable								200,000			0			200,000	0
Dividend income								1,300,000			0			$ 4,700,000	0
Share percentage														87.50%
Price par value (in Dollars per share)		$ 150																			$ 25
Maximum [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Management fee														$ 4,900,000
Minimum [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Incentive fees accrual														3,300,000
Fair Value [Member] | Unsecured Loan [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Unsecured loan								17,600,000						17,600,000
Membership Interest [Member] | Fair Value [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Unsecured loan								7,800,000						7,800,000
Warehouse [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Repayment of loan					$ 25,000,000
Manager [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Administrator expenses														400,000
Management Agreement [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Incentive fee capital gains percentage							20%
Administration Agreement [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Expenses payable						$ 1,000,000
Reimbursement of expenses								1,100,000			800,000
Administration Agreement [Member] | Maximum [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Reimbursement of expenses	$ 4,300,000
Administration Agreement [Member] | Minimum [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Reimbursement of expenses		$ 3,275,000
Class F-R-3 Notes [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Aggregate principal amount																			$ 17,900,000
Class F-1-R-3 Notes [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Aggregate principal amount																			8,500,000
Class F-2-R-3 Notes [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Aggregate principal amount																			$ 9,400,000
SLF JV [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Upsized in assets								50,000,000						50,000,000
Dividend income								$ 1,300,000			0			$ 4,700,000	0
Price par value (in Dollars per share)								$ 12.25						$ 12.25
Saratoga CLO [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Management fee								$ 800,000			$ 800,000			$ 2,500,000	$ 2,500,000
Upsized in assets																				$ 300,000,000
Newly issued subordinated notes					14,000,000
Transaction cost paid					2,600,000
Outstanding receivable amount																		$ 2,600,000
Saratoga CLO [Member] | Maximum [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Upsized in assets					650,000,000
Saratoga CLO [Member] | Minimum [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Upsized in assets					500,000,000
Class F-R-3 Notes Tranche [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Aggregate principal amount					17,900,000
Class F-R-2 Notes Tranche [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Aggregate principal amount					2,500,000
Class G-R-2 Notes Tranche [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Aggregate principal amount					$ 7,500,000
SLF JV [Member] | Fair Value [Member]
Agreements and Related Party Transactions (Details) [Line Items]
Investment fair value								$ 25,400,000						$ 25,400,000

Borrowings (Details)

Borrowings (Details) - USD ($)																												1 Months Ended									3 Months Ended					6 Months Ended		9 Months Ended		12 Months Ended	15 Months Ended
	Nov. 30, 2023	May 01, 2023	Apr. 26, 2023	Apr. 14, 2023	Mar. 31, 2023	Feb. 28, 2023	Dec. 21, 2022	Dec. 13, 2022	Oct. 27, 2022	Sep. 08, 2022	Aug. 15, 2022	Jul. 14, 2022	Apr. 27, 2022	Jan. 19, 2022	Oct. 04, 2021	Aug. 31, 2021	Jul. 31, 2021	Jul. 15, 2021	Mar. 10, 2021	Jan. 28, 2021	Dec. 29, 2020	Jul. 09, 2020	Jul. 06, 2020	Feb. 07, 2020	Dec. 21, 2019	Apr. 16, 2019	Feb. 05, 2019	Nov. 30, 2023	Sep. 30, 2023	Mar. 31, 2023	Jan. 27, 2023	Sep. 30, 2022	Apr. 27, 2022	Jun. 24, 2020	Aug. 28, 2018	Mar. 23, 2018	Nov. 30, 2023	Aug. 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022	Nov. 30, 2023	Nov. 30, 2022	Feb. 28, 2023	Nov. 30, 2023	Nov. 10, 2022	Oct. 28, 2022	May 10, 2022	Jul. 30, 2010	May 01, 2007	Apr. 11, 2007
Borrowings (Details) [Line Items]
Asset coverage ratio																																												159.30%		165.90%
Interest rate, description																																												The Revolving Credit Facility, SBA Debentures, 8.75% Notes Payable 2024, 7.00% Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2027 and 6.25% Notes Payable 2027 are not registered for public trading.
Loss on the extinguishment of debt																																						$ (110,056)	$ (382,274)		$ (1,204,809)			$ (110,056)	$ (1,204,809)
Securitized credit facility	$ 35,000,000					$ 32,500,000																						$ 35,000,000									$ 35,000,000		32,500,000					35,000,000		$ 32,500,000	$ 35,000,000
Administrative agent fee																																					1,075,000			$ 818,750				2,797,917	2,341,667
Outstanding amount						32,500,000																						35,000,000									175,000,000			175,000,000				105,500,000	82,500,000
Financing costs																																												4,474,813	7,400,318
Interest expense																																					900,000			600,000				500,000
Amortization of deferred financing cost																																					100,000			$ 100,000				300,000	300,000
Interest expense																																												3,000,000	1,200,000
Aggregate principal amount	$ 74,450,000																											$ 74,450,000									$ 74,450,000							74,450,000			$ 74,450,000		$ 402,100,000
Net income taxes																																												$ 654,930	2,770,984
Investment percentage	25%																											25%									25%							25%			25%
Borrowing amount	$ 350,000,000																											$ 350,000,000									$ 350,000,000							$ 350,000,000			$ 350,000,000
Average interest rate																																					3.25%			2.86%
Amortization of deferred financing costs	$ 700,000																											$ 700,000									$ 700,000			$ 700,000				700,000	700,000		$ 700,000
Weighted average interest rate																																										3.01%	2.74%
Underwriting commissions																																					$ 312,135			$ 553,497				$ 1,786,357	$ 2,813,311
Aggregate principal amount percentage	7.25%											7.25%				6.25%												7.25%									7.25%			7.25%				7.25%	7.25%		7.25%
Repayment realized loss percentage												7.25%
Deferred financing costs	$ 105,500,000																																							$ 99,000,000
Aggregate amount indebtedness																																												$ 1,000
Debt instrument, Redemption amount												$ 43,100,000				$ 60,000,000								$ 24,450,000	$ 50,000,000
Debt instrument redemption percentage																	4.375%
Minimum [Member]
Borrowings (Details) [Line Items]
Asset coverage ratio																																				150%
Encina credit facility																																												12,500,000
Deferred financing costs																																					$ 0
Interest expense																																					0
Maximum [Member]
Borrowings (Details) [Line Items]
Encina credit facility															$ 25,000,000
Deferred financing costs																																								0
Interest expense																																								0
2025 Notes [Member]
Borrowings (Details) [Line Items]
Principal amount, percentage																											6.25%
Aggregate principal amount percentage												7.25%				6.25%
Smaller Enterprise [Member]
Borrowings (Details) [Line Items]
Tangible net	6,000,000																											$ 6,000,000									6,000,000							6,000,000			$ 6,000,000
Net income taxes																																												2,000,000
SBIC Subsidiaries [Member]
Borrowings (Details) [Line Items]
Tangible net	$ 24,000,000																											$ 24,000,000									$ 24,000,000							24,000,000			$ 24,000,000
Net income taxes																																												$ 8,000,000
SBA Debentures [Member]
Borrowings (Details) [Line Items]
Debt instrument, interest rate, stated percentage	150%																											150%									150%							150%			150%
6.25% 2025 Notes [Member]
Borrowings (Details) [Line Items]
Aggregate principal amount																$ 60,000,000											$ 20,000,000
Borrowing note, description																											Offering costs incurred were approximately $0.2 million. The issuance included the full exercise of the underwriters’ option to purchase an additional $2.5 million in aggregate principal amount of 6.25% 2025 Notes within 30 days. The additional 6.25% 2025 Notes were treated as a single series with the existing 6.25% 2025 Notes under the indenture and have the same terms as the existing 6.25% 2025 Notes. The net proceeds from this offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. The financing costs and discount of $1.0 million related to the 6.25% 2025 Notes have been capitalized and were amortized over the term of the 6.25% 2025 Notes.								the Company issued $40.0 million in aggregate principal amount of 6.25% fixed-rate notes due 2025 (the “6.25% 2025 Notes”) for net proceeds of $38.7 million after deducting underwriting commissions of approximately $1.3 million. Offering costs incurred were approximately $0.3 million. The issuance included the full exercise of the underwriters’ option to purchase an additional $5.0 million in aggregate principal amount of 6.25% 2025 Notes within 30 days. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.6 million related to the 6.25% 2025 Notes have been capitalized and were amortized over the term of the 6.25% 2025 Notes.
Net proceeds																											$ 19,200,000
Underwriting commissions																											600,000
Discount amount																											$ 200,000
Aggregate principal amount percentage																6.25%
Loss on extinguishment of debt																			$ 1,500,000
7.25% 2025 Notes [Member]
Borrowings (Details) [Line Items]
Loss on the extinguishment of debt												$ 1,000,000
Outstanding amount																													$ 0			$ 0												$ 0	$ 18,000,000
Interest expense																																												$ 0	100,000
Aggregate principal amount																																		$ 37,500,000
Debt instrument, description																							On July 6, 2020, the underwriters exercised their option in full to purchase an additional $5.625 million in aggregate principal amount of its 7.25% 2025 Notes. Net proceeds to the Company were $5.4 million after deducting underwriting commissions of approximately $0.2 million. The net proceeds from the offering were used for general corporate purposes in accordance with the Company’s investment objective and strategies. Financing costs of $1.6 million related to the 7.25% 2025 Notes have been capitalized and were amortized over the term of the 7.25% 2025 Notes.											Offering costs incurred were approximately $0.2 million.
Principal amount, percentage																																		7.25%
Aggregate principal amount percentage	7.25%																											7.25%						7.25%			7.25%							7.25%			7.25%
Net proceeds amount																																		$ 36,300,000
Deducting underwriting commissions amount																																		$ 1,200,000
Deferred financing costs																																												$ 0	1,200,000
7.25% 2025 Notes [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Aggregate principal amount												$ 43,100,000
4.375% 2026 Notes [Member]
Borrowings (Details) [Line Items]
Financing costs																		$ 2,700,000	1,300,000
Interest expense																																					$ 1,900,000			1,900,000				5,700,000	5,700,000
Aggregate principal amount	$ 175,000,000																	125,000,000	$ 50,000,000									$ 175,000,000									175,000,000							175,000,000			$ 175,000,000
Principal amount, percentage																			4.375%
Net proceeds amount																		123,800,000	$ 49,000,000
Deducting underwriting commissions amount																			1,000,000
Offering costs																		$ 200,000	$ 300,000
Deferred financing costs																																					100,000			200,000				400,000	600,000
Fair value	160,400,000					156,100,000																						160,400,000									160,400,000		156,100,000					160,400,000		156,100,000	160,400,000
Carrying amount						175,000,000																																	175,000,000							175,000,000
Public offering price percentage																		101%
Underwriting discounts																		$ 2,500,000
Minimum denominations amount	2,000																											2,000									2,000							2,000			2,000
Integral multiples of excess	$ 1,000																											$ 1,000									1,000							1,000			1,000
Amortization of premium on issuances																																					80,000			70,000				200,000	200,000
4.375% 2026 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Principal amount, percentage																			4.375%
7.75% 2025 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																					5,000,000							5,000,000	5,000,000		$ 5,000,000
Financing costs																						$ 300,000
Interest expense																																					100,000			100,000				300,000	300,000
Aggregate principal amount																						$ 5,000,000
Principal amount, percentage																						7.75%
Aggregate principal amount percentage																						7.75%
Net proceeds amount																						$ 4,800,000
Deducting underwriting commissions amount																						200,000
Offering costs																						$ 100,000
Deferred financing costs																																					$ 10,000			10,000				$ 40,000	40,000
Fixed interest, description																						Interest on the 7.75% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.75% per year.
Par value, per share (in Dollars per share)	$ 25																											$ 25									$ 25							$ 25			$ 25
Fair value	$ 4,900,000					4,900,000																						$ 4,900,000									$ 4,900,000		4,900,000					$ 4,900,000		4,900,000	$ 4,900,000
Carrying amount						5,000,000																																	5,000,000							5,000,000
7.75% 2025 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Aggregate principal amount	5,000,000																											5,000,000									5,000,000							5,000,000			5,000,000
6.25% 2027 Notes
Borrowings (Details) [Line Items]
Outstanding amount																																					15,000,000			15,000,000				15,000,000	15,000,000
Financing costs																				$ 400,000	$ 100,000
Interest expense																																					200,000			200,000				700,000	700,000
Aggregate principal amount	$ 15,000,000																			10,000,000	5,000,000							$ 15,000,000									15,000,000							15,000,000			$ 15,000,000
Net proceeds amount																				9,700,000
Deducting underwriting commissions amount																				300,000
Offering costs																				$ 100,000	$ 100,000
Deferred financing costs																																					$ 20,000			20,000				$ 50,000	50,000
Fixed interest, description																					Interest on the 6.25% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.25% per year.
Par value, per share (in Dollars per share)	$ 25																											$ 25									$ 25							$ 25			$ 25
Fair value	$ 14,000,000					13,700,000																						$ 14,000,000									$ 14,000,000		13,700,000					$ 14,000,000		13,700,000	$ 14,000,000
Carrying amount						15,000,000																																	15,000,000							15,000,000
Per share (in Dollars per share)																				$ 25
6.25% 2027 Notes | Borrowings [Member]
Borrowings (Details) [Line Items]
Principal amount, percentage																					6.25%
4.35% 2027 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																					20,000			20,000
Financing costs														$ 1,800,000
Interest expense																																					100,000			100,000
Amortization of deferred financing cost																																													300,000
Aggregate principal amount														$ 75,000,000																								75,000,000				$ 75,000,000
Principal amount, percentage														4.35%
Net proceeds amount														$ 73,000,000
Deducting underwriting commissions amount														1,500,000
Offering costs														$ 300,000					$ 300,000
Deferred financing costs																																					800,000			800,000				2,400,000	2,400,000
Fixed interest, description														Interest on the 4.35% 2027 Notes is paid semi-annually in arrears on February 28 and August 28, at a rate of 4.35% per year.
Fair value						64,500,000																																66,200,000	64,500,000			66,200,000				64,500,000
Carrying amount						75,000,000																																	75,000,000							75,000,000
Public offering price percentage														99.317%
Average outstanding amount																																					75,000,000			75,000,000
Deferred financial costs																																												300,000
Amortization of deferred financial costs																																								70,000					70,000
4.35% 2027 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
average outstanding amount	75,000,000																											75,000,000									75,000,000			75,000,000				75,000,000	75,000,000		75,000,000
8.50% 2028 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding amount		$ 10,000,000																																			200,000			0			$ 0	400,000
Interest expense																																					200,000			0					0
Aggregate principal amount					$ 10,000,000																									$ 10,000,000
Debt instrument, description					Interest on the 8.75% 2024 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.75% per year. The 8.75% 2024 Notes mature on March 31, 2024. Net proceeds from this offering were used to make investments in middle-market companies (including investments made through the SBIC Subsidiaries) in accordance with the Company’s investment objective and strategies and general corporate purposes. Financing costs and discounts of $0.7 million related to the 8.75% 2024 Notes have been capitalized and are being amortized over the term of the 8.75% 2024 Notes.
Net proceeds amount		9,700,000																												9,700,000
Deducting underwriting commissions amount		400,000																												$ 400,000
Offering costs		$ 30,000
Deferred financing costs																																					400,000			0				1,100,000	0
Average outstanding amount																																					20,000,000			0
Amortization of deferred financial costs	80,000																											80,000									80,000							80,000			80,000
8.50% 2028 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																												16,700,000	0
6.00% 2027 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																					10,000			10,000				30,000	10,000
Financing costs											$ 300,000		$ 3,300,000
Interest expense																																					200,000			200,000				600,000	400,000
Aggregate principal amount													87,500,000																				$ 87,500,000
Net proceeds													84,800,000
Discount amount													$ 2,700,000																				2,700,000
Aggregate principal amount percentage											6%																																							6%
Net proceeds amount											$ 7,800,000																						9,700,000
Deducting underwriting commissions amount																																	$ 300,000
Offering costs	100,000																											100,000									100,000							100,000			100,000
Deferred financing costs																																					1,600,000			1,600,000				$ 4,700,000	3,700,000
Fixed interest, description																																	Interest on the 6.00% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 6.00% per year.
Per share (in Dollars per share)																																												$ 25
Public offering price percentage											97.80%
Additional aggregate principal amount											$ 8,000,000																																							$ 10,000,000
Average daily trading price, percentage													6%
Amortized over term percentage																																												6%
Additional amount percentage											6%
Incurred cost											$ 200,000
Fair value carrying amount, description																																												As of November 30, 2023, the carrying amount and fair value of the 6.00% 2027 Notes was $105.5 million and $99.4 million, respectively. The fair value of the 6.00% 2027 Notes, which are publicly traded, is based upon closing market quotes as of the measurement date and would be classified as a Level 1 liability within the fair value hierarchy. As of February 28, 2023, the carrying amount and fair value of the 6.00% 2027 Notes was $105.5 million and $100.4 million, respectively.
7.00% 2025 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																					12,000,000			11,100,000				$ 12,000,000	3,700,000
Financing costs										$ 40,000
Interest expense																																					30,000			0				600,000	200,000
Aggregate principal amount										$ 12,000,000
Principal amount, percentage										7%
Net proceeds amount										$ 11,600,000
Deferred financing costs																																					200,000			200,000				90,000	0
Fixed interest, description										Interest on the 7.00% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 7.00% per year.
Fair value						11,500,000																																11,700,000	11,500,000			11,700,000				11,500,000
Carrying amount						12,000,000																																	12,000,000							12,000,000
Underwriting discounts										$ 400,000
Amortization of deferred financial costs	30,000																											30,000									30,000			30,000				30,000	30,000		30,000
average outstanding amount																																						12,000,000				12,000,000
Offering expenses										$ 50,000
7.00% 2025 Notes [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Amortization of deferred financing costs																																						30,000				30,000
7.00% 2025 Notes [Member] | Maximum [Member]
Borrowings (Details) [Line Items]
Amortization of deferred financing costs	80,000																											80,000									80,000							80,000			80,000
8.00% 2027 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																					46,000,000			16,900,000				46,000,000	5,600,000
Financing costs									$ 1,700,000
Interest expense																																												2,800,000	300,000
Aggregate principal amount									40,000,000
Net proceeds amount									38,700,000
Deducting underwriting commissions amount									$ 200,000
Deferred financing costs																																					90,000			30,000				300,000	30,000
Fixed interest, description									Interest on the 8.00% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.00% per year
Fair value	46,600,000																											46,600,000									46,600,000							46,600,000			46,600,000
average outstanding amount	46,000,000																											46,000,000									46,000,000							46,000,000			46,000,000
Additional aggregate principal amount																																																$ 6,000,000
Underwriting commissions									$ 1,300,000
8.00% 2027 Notes [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Net proceeds amount									$ 5,800,000
Carrying amount						46,000,000																																	46,000,000							46,000,000
8.00% 2027 Notes [Member] | Maximum [Member]
Borrowings (Details) [Line Items]
Fair value						46,400,000																																	46,400,000							46,400,000
8.00% 2027 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Interest expense																																					900,000			300,000
Par value, per share (in Dollars per share)									$ 25
8.125% 2027 Notes [Member]
Borrowings (Details) [Line Items]
Interest expense																																					1,200,000			0				3,700,000	0
Aggregate principal amount								$ 52,500,000
Debt instrument, description							On December 21, 2022, the underwriters fully exercised their option to purchase an additional $7.9 million in aggregate principal amount of the 8.125% 2027 Notes. Net proceeds to the Company were $7.6 million after deducting underwriting commissions of approximately $0.2 million. Interest on the 8.125% 2027 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.125% per year, beginning February 28, 2023. The 8.125% 2027 Notes mature on December 31, 2027 and commencing December 13, 2024, may be redeemed in whole or in part at any time or from time to time at the Company’s option. The net proceeds from this offering were used to make investments in middle-market companies (including investments made through our SBIC Subsidiaries) in accordance with the Company’s investment objective and strategies and for general corporate purposes. Financing costs of $2.0 million related to the 8.125% 2027 Notes have been capitalized and are being amortized over the term of the 8.125% 2027 Notes. The 8.125% 2027 Notes are listed on the NYSE under the trading symbol “SAY” with a par value of $25.00 per note.
Debentures outstanding amount																																					60,400,000			0				60,400,000	0
Principal amount, percentage								8.125%
Net proceeds amount								$ 50,800,000
Deducting underwriting commissions amount								1,600,000
Offering costs								$ 100,000
Deferred financing costs																																					100,000			0				300,000	0
Fair value	60,400,000																											60,400,000									60,400,000							60,400,000			60,400,000
average outstanding amount	60,400,000																											60,400,000									60,400,000							60,400,000			60,400,000
8.50% 2028 Notes [Member]
Borrowings (Details) [Line Items]
Outstanding amount			$ 200,000	$ 30,000																																	57,500,000			0
Financing costs				2,000,000
Interest expense																																					1,200,000			0				3,100,000	0
Amortization of deferred financing cost																																								0				300,000	0
Aggregate principal amount			7,500,000	50,000,000
Net proceeds amount			$ 7,300,000	48,400,000
Deducting underwriting commissions amount				$ 1,600,000
Deferred financing costs																																					100,000
Par value, per share (in Dollars per share)				$ 25
Fair value						0																																58,000,000	0			58,000,000				0
Carrying amount						0																																$ 57,500,000	0			57,500,000				0
8.50% 2028 Notes [Member] | Borrowings [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																												$ 47,800,000	0
8.50% 2028 Notes [Member] | 2025 Notes [Member]
Borrowings (Details) [Line Items]
Principal amount, percentage																6.25%
Notes offering [Member]
Borrowings (Details) [Line Items]
Debt instrument redemption percentage																	6.25%
Level 3 [Member]
Borrowings (Details) [Line Items]
Debt instrument, description																																												The carrying amount of the amount outstanding of SBA debentures approximates its fair value, which is based on a waterfall analysis showing adequate collateral coverage and would be classified as a Level 3 liability within the fair value hierarchy. Financing costs of $5.0 million, $6.0 million, and $0.4 million related to the SBA debentures issued by SBIC LP, SBIC II LP and SBIC III LP, respectively, have been capitalized and are being amortized over the term of the commitment and drawdown. During the nine months ended November 30, 2023, the Company repaid $27.0 million of SBA debentures in SBIC LP, resulting in a realized loss on extinguishment of $0.1 million related to the acceleration of deferred debt financing costs.For the three months ended November 30, 2023 and November 30, 2022, the Company recorded $1.6 million and $1.7 million of interest expense related to the SBA debentures, respectively. For the three months ended November 30, 2023 and November 30, 2022, the Company recorded $0.3 million and $0.2 million of amortization of deferred financing costs related to the SBA debentures, respectively.
Level 3 [Member] | 8.50% 2028 Notes [Member]
Borrowings (Details) [Line Items]
Fair value	20,000,000					0																						20,000,000									20,000,000		0					$ 20,000,000		0	20,000,000
Carrying amount						0																																	0							0
Level 1 [Member] | 8.125% 2027 Notes [Member]
Borrowings (Details) [Line Items]
Fair value						61,100,000																																	61,100,000							61,100,000
Carrying amount						$ 60,400,000																																	$ 60,400,000							$ 60,400,000
Revolving Credit Facility [Member]
Borrowings (Details) [Line Items]
Employ leverage, description																																												As a BDC, we are only allowed to employ leverage to the extent that our asset coverage, as defined in the 1940 Act, equals at least 200% after giving effect to such leverage, or 150% if certain requirements under the 1940 Act are met.
Asset coverage ratio																										150%
Securitized credit facility																																																				$ 25,700,000	$ 100,000,000
Credit facility balance, description																																												In response to the market wide decline in financial asset prices, which negatively affected the value of our portfolio, we terminated the revolving period of the Revolving Facility effective January 14, 2009 and commenced a two-year amortization period during which all principal proceeds from the collateral were used to repay outstanding borrowings. A significant percentage of our total assets had been pledged under the Revolving Facility to secure our obligations thereunder.
Revolving Credit Facility [Member] | SBA Debentures [Member] | Minimum [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																					200,400,000							$ 201,700,000
Revolving Credit Facility [Member] | SBA Debentures [Member] | Maximum [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																								$ 242,700,000					226,500,000
Madison Credit Facility [Member]
Borrowings (Details) [Line Items]
Senior secured revolving																																																			$ 45,000,000
Credit facility balance, description																																												On October 4, 2021, all outstanding amounts on the Madison Credit Facility were repaid and the Madison Credit Facility was terminated.
Loss on the extinguishment of debt															800,000
Encina Credit Facility [Member]
Borrowings (Details) [Line Items]
Credit facility balance, description																															we entered into the first amendment to the Credit Agreement to, among other things:   ● increase the borrowings available under the Encina Credit Facility from up to $50.0 million to up to $65.0 million;   ● change the underlying benchmark used to compute interest under the Credit Agreement from LIBOR to Term SOFR for a one-month tenor plus a 0.10% credit spread adjustment;   ● increase the applicable effective margin rate on borrowings from 4.00% to 4.25%;   ● extend the revolving period from October 4, 2024 to January 27, 2026;   ● extend the period during which the borrower may request one or more increases in the borrowings available under the Encina Credit Facility (each such increase, a “Facility Increase”) from October 4, 2023 to January 27, 2025, and increased the maximum borrowings available pursuant to the Encina Facility Increase from $75.0 million to $150.0 million;   ● revise the eligibility criteria for eligible collateral loans to exclude certain industries in which an obligor or related guarantor may be involved; and   ● amend the provisions permitting the borrower to request an extension in the Commitment Termination Date (as defined in the Credit Agreement) to allow requests to extend any applicable Commitment Termination Date, rather than a one-time request to extend the original Commitment Termination Date, subject to a notice requirement.
Securitized credit facility															$ 50,000,000
0redit Facility Rate																																												4%
Benchmark rate																																												0.75%
Administrative agent fee																																										100,000
Financing costs																																										$ 2,000,000
Line of credit facility, borrowing capacity, description																																												Availability on the Encina Credit Facility will be subject to a borrowing base calculation, based on, among other things, applicable advance rates (which vary from 50.0% to 75.0% of par or fair value depending on the type of loan asset) and the value of certain “eligible” loan assets included as part of the borrowing base. Funds may be borrowed at the greater of the prevailing one-month SOFR rate, plus an applicable effective margin of 4.25%. In addition, the Company will pay the lender a commitment fee of 0.75% per year (or 0.50% if the ratio of advances outstanding to aggregate commitments is greater than or equal to 50%) on the unused amount of the Encina Credit Facility.
Line of credit facility current borrowing capacity	86,400,000																											86,400,000									86,400,000							$ 86,400,000			86,400,000
Line of credit facility maximum borrowing capacity	65,000,000																											65,000,000									65,000,000							65,000,000			65,000,000
SBIC LP [Member]
Borrowings (Details) [Line Items]
Additional long-term capital	150,000,000																											150,000,000									150,000,000							150,000,000			150,000,000
Aggregate total of equity capital amount																																												75,000,000
Debentures outstanding amount																																												0
SBIC Subsidiaries [Member]
Borrowings (Details) [Line Items]
Additional long-term capital	175,000,000																											175,000,000									$ 175,000,000							175,000,000			175,000,000
SBA Debentures [Member]
Borrowings (Details) [Line Items]
Outstanding amount																																												202,000,000
Interest expense																																												4,600,000	$ 4,600,000
Aggregate total of equity capital amount																																												205,000,000
Debentures outstanding amount																																												$ 205,000,000
SBA Debentures [Member] | SBIC Subsidiaries [Member]
Borrowings (Details) [Line Items]
Debt instrument, description																																												The Company’s wholly owned SBIC Subsidiaries are able to borrow funds from the SBA against each SBIC’s regulatory capital (which generally approximates equity capital in the respective SBIC).
SBIC II LP [Member]
Borrowings (Details) [Line Items]
Aggregate total of equity capital amount																																												$ 87,500,000
Debentures outstanding amount																																												175,000,000
SBIC III LP [Member]
Borrowings (Details) [Line Items]
Aggregate total of equity capital amount																																												66,700,000
Debentures outstanding amount																																												$ 30,000,000
LIBOR [Member] | Revolving Credit Facility [Member]
Borrowings (Details) [Line Items]
Interest rate, description																																												Under the Revolving Facility, funds were borrowed from or through certain lenders and interest was payable monthly at the greater of the commercial paper rate and our lender’s prime rate plus 4.00% plus a default rate of 2.00% or, if the commercial paper market was unavailable, the greater of the prevailing LIBOR rates and our lender’s prime rate plus 6.00% plus a default rate of 3.00%.
Encina Credit Facility [Member]
Borrowings (Details) [Line Items]
Encina credit facility percentage															50%																						9.79%							9.62%
Outstanding amount																																					$ 35,000,000							$ 38,900,000
SBIC LP [Member]
Borrowings (Details) [Line Items]
Aggregate principal amount	$ 350,000,000																											$ 350,000,000									$ 350,000,000							$ 350,000,000			$ 350,000,000

Borrowings (Details) - Schedule

Borrowings (Details) - Schedule of Credit Facility $ / shares in Units, $ in Thousands	9 Months Ended
	Nov. 30, 2023 USD ($) $ / shares	[1],[3]
Credit Facility with Encina Lender Finance, LLC [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 35,000	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares		[6]
Credit Facility with Encina Lender Finance, LLC [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 32,500	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares		[6]
Credit Facility with Encina Lender Finance, LLC [Member] | Fiscal yaer 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 12,500	[2]
Asset Coverage per Unit | $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares		[6]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $	$ 3,471	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2020 (as of February 29, 2020) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $	$ 6,071	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2019 (as of February 28, 2019) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $	$ 2,345	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2018 (as of February 28, 2018) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $	$ 2,930	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2017 (as of February 28, 2017) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $	$ 2,710	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2016 (as of February 29, 2016) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $	$ 3,025	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2015 (as of February 28, 2015) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 9,600	[2],[7]
Asset Coverage per Unit | $	$ 3,117	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2014 (as of February 28, 2014) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $	$ 3,348	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2013 (as of February 28, 2013) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 24,300	[2],[7]
Asset Coverage per Unit | $	$ 5,421	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2012 (as of February 29, 2012) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 20,000	[2],[7]
Asset Coverage per Unit | $	$ 5,834	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2011 (as of February 28, 2011) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 4,500	[2],[7]
Asset Coverage per Unit | $	$ 20,077	[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2010 (as of February 28, 2010) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $		[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2009 (as of February 28, 2009) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $		[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2008 (as of February 29, 2008) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $		[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
Credit Facility with Madison Capital Funding [Member] | Fiscal year 2007 (as of February 28, 2007) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[7]
Asset Coverage per Unit | $		[4],[7]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[7]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[7]
7.50% Notes due 2020 [Member] | Fiscal year 2017 (as of February 28, 2017) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[8]
Asset Coverage per Unit | $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[8]
7.50% Notes due 2020 [Member] | Fiscal year 2016 (as of February 29, 2016) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 61,793	[2],[8]
Asset Coverage per Unit | $	$ 3,025	[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.24	[6],[8],[9]
7.50% Notes due 2020 [Member] | Fiscal year 2015 (as of February 28, 2015) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 48,300	[2],[8]
Asset Coverage per Unit | $	$ 3,117	[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.46	[6],[8],[9]
7.50% Notes due 2020 [Member] | Fiscal year 2014 (as of February 28, 2014) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 48,300	[2],[8]
Asset Coverage per Unit | $	$ 3,348	[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.18	[6],[8],[9]
7.50% Notes due 2020 [Member] | Fiscal year 2013 (as of February 28, 2013) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[8]
Asset Coverage per Unit | $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[8]
7.50% Notes due 2020 [Member] | Fiscal year 2012 (as of February 29, 2012) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[8]
Asset Coverage per Unit | $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[8]
7.50% Notes due 2020 [Member] | Fiscal year 2011 (as of February 28, 2011) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[8]
Asset Coverage per Unit | $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares		[8]
7.50% Notes due 2020 [Member] | Fiscal year 2010 (as of February 28, 2010) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[8]
Asset Coverage per Unit | $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[8]
7.50% Notes due 2020 [Member] | Fiscal year 2009 (as of February 28, 2009) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[8]
Asset Coverage per Unit | $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[8]
7.50% Notes due 2020 [Member] | Fiscal year 2008 (as of February 29, 2008) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[8]
Asset Coverage per Unit | $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[8]
7.50% Notes due 2020 [Member] | Fiscal year 2007 (as of February 28, 2007) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[8]
Asset Coverage per Unit | $		[4],[8]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[8]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[8]
6.75% Notes due 2023 [Member] | Fiscal year 2020 (as of February 29, 2020) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[10]
Asset Coverage per Unit | $		[4],[10]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[10]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[10]
6.75% Notes due 2023 [Member] | Fiscal year 2019 (as of February 28, 2019) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 74,451	[2],[10]
Asset Coverage per Unit | $	$ 2,345	[4],[10]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[10]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.74	[6],[10],[11]
6.75% Notes due 2023 [Member] | Fiscal year 2018 (as of February 28, 2018) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 74,451	[2],[10]
Asset Coverage per Unit | $	$ 2,930	[4],[10]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[10]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 26.05	[6],[10],[11]
6.75% Notes due 2023 [Member] | Fiscal year 2017 (as of February 28, 2017) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 74,451	[2],[10]
Asset Coverage per Unit | $	$ 2,710	[4],[10]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[10]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.89	[6],[10],[11]
8.75% Notes due 2024 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 20,000	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
6.25% Notes due 2025 [Member] | Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 60,000	[2],[13]
Asset Coverage per Unit | $	$ 3,471	[4],[13]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[13]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 24.24	[6],[13],[14]
6.25% Notes due 2025 [Member] | Fiscal year 2020 (as of February 29, 2020) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 60,000	[2],[13]
Asset Coverage per Unit | $	$ 6,071	[4],[13]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[13]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.75	[6],[13],[14]
6.25% Notes due 2025 [Member] | Fiscal year 2019 (as of February 28, 2019) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 60,000	[2],[13]
Asset Coverage per Unit | $	$ 2,345	[4],[13]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[13]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 24.97	[6],[13],[14]
6.25% Notes due 2025 [Member] | Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[13]
Asset Coverage per Unit | $		[4],[13]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[13]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[13]
7.00% Notes due 2025 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 12,000	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
7.00% Notes due 2025 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 12,000	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
7.25% Notes due 2025 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $		[2],[15]
Asset Coverage per Unit | $		[4],[15]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[15]
Average Market Value per Share (in Dollars per share) | $ / shares		[6],[15]
7.25% Notes due 2025 [Member] | Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 43,125	[2],[15]
Asset Coverage per Unit | $	$ 3,471	[4],[15]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[15]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.77	[6],[14],[15]
7.25% Notes due 2025 [Member] | Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 43,125	[2],[15]
Asset Coverage per Unit | $	$ 2,093	[4],[15]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5],[15]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.46	[6],[14],[15]
7.75% Notes due 2025 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 5,000	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
7.75% Notes due 2025 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 5,000	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
7.75% Notes due 2025 [Member] | Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 5,000	[2]
Asset Coverage per Unit | $	$ 3,471	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
7.75% Notes due 2025 [Member] | Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 5,000	[2]
Asset Coverage per Unit | $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
4.375% Notes due 2026 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 175,000	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
4.375% Notes due 2026 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 175,000	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
4.375% Notes due 2026 [Member] | Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 175,000	[2]
Asset Coverage per Unit | $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
4.35% Notes due 2027 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 75,000	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
4.35% Notes due 2027 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 75,000	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
4.35% Notes due 2027 [Member] | Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 75,000	[2]
Asset Coverage per Unit | $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
6.00% Notes due 2027 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 105,500	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 23.34	[6],[16]
6.00% Notes due 2027 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 105,500	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 23.97	[6],[16]
6.25% Notes due 2027 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 15,000	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
6.25% Notes due 2027 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 15,000	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
6.25% Notes due 2027 [Member] | Fiscal year 2021 (as of February 28, 2021) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 15,000	[2]
Asset Coverage per Unit | $	$ 3,471	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
6.25% Notes due 2027 [Member] | Fiscal year 2022 (as of February 28, 2022) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 15,000	[2]
Asset Coverage per Unit | $	$ 2,093	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[12]
8.00% Notes due 2027 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 46,000	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 24.93	[6],[16]
8.00% Notes due 2027 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 46,000	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.08	[6],[16]
8.125% Notes due 2027 [Member] | Fiscal year 2023 (as of February 28, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 60,375	[2]
Asset Coverage per Unit | $	$ 1,659	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.1	[6],[16]
8.125% Notes due 2027 [Member] | Fiscal year 2024 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 60,375	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 24.97	[6],[16]
8.50% Notes due 2028 [Member] | Fiscal year 2024 (as of August 31, 2023) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 57,500	[2]
Asset Coverage per Unit | $	$ 1,593	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.07	[6],[17]
[1] This table does not include the senior securities of our predecessor entity, GSC Investment Corp., relating to a revolving securitized credit facility with Deutsche Bank, in light of the fact that the Company was under different management during the time that such credit facility was outstanding. Total amount of senior securities outstanding at the end of the period presented. We have excluded our SBA-guaranteed debentures from this table because the SEC has granted us exemptive relief that permits us to exclude such debentures from the definition of senior securities in the 150% asset coverage ratio we are required to maintain under the 1940 Act. Asset coverage per unit is the ratio of our total assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness, calculated on a total basis. The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. The “—” indicates information which the Securities and Exchange Commission expressly does not require to be disclosed for certain types of senior securities. Not applicable for credit facility because not registered for public trading. On October 4, 2021, the Company repaid all remaining amounts outstanding under the Madison Credit Facility and the credit agreement relating to the Madison Credit Facility was terminated. On January 13, 2017, the Company redeemed in full its 2020 Notes. The Company used a portion of the net proceeds from the 2023 Notes offering, which was completed in December 2016, to redeem the 2020 Notes in full. Based on the average daily trading price of the 2020 Notes on the NYSE. On December 21, 2019 and February 7, 2020, the Company redeemed $50.0 million and $24.45 million, respectively, in aggregate principal amount of the $74.45 million in aggregate principal amount of issued and outstanding 2023 Notes. Based on the average daily trading price of the 2023 Notes on the NYSE. The carrying value of this unlisted security approximates its fair value, based on a waterfall analysis showing adequate collateral coverage. On August 31, 2021, the Company redeemed $60.0 million in aggregate principal amount of the issued and outstanding 6.25% 2025 Notes. The Company used a portion of the net proceeds from the 4.375% 2026 Notes offering, which was completed in July 2021, to redeem the 6.25% 2025 Notes in full. Based on the average daily trading price of the 2025 Notes on the NYSE. On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the issued and outstanding 7.25% 2025 Notes. Based on the average daily trading price of the 2027 Notes on the NYSE. Based on the average daily trading price of the 2028 Notes on the NYSE.

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Millions	Nov. 30, 2023	Feb. 28, 2023
Commitments and Contingencies (Details) [Line Items]
Off-balance sheet arrangements	$ 128.4	$ 108.8
Cash and cash equivalents	47
Encina Credit Facility [Member]
Commitments and Contingencies (Details) [Line Items]
Borrowings	$ 30

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations	Nov. 30, 2023 USD ($)
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	$ 811,375
Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	35,000
SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	205,000
8.75% 2024 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	20,000
6.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	12,000
7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	5,000
4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	175,000
4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	75,000
6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	105,500
6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	15,000
8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	46,000
8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	60,375
8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	57,500
Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	20,000
Less Than 1 Year [Member] | Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 8.75% 2024 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	20,000
Less Than 1 Year [Member] | 6.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
Less Than 1 Year [Member] | 8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	227,000
1 - 3 Years [Member] | Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	35,000
1 - 3 Years [Member] | SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
1 - 3 Years [Member] | 8.75% 2024 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
1 - 3 Years [Member] | 6.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	12,000
1 - 3 Years [Member] | 7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	5,000
1 - 3 Years [Member] | 4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	175,000
1 - 3 Years [Member] | 4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
1 - 3 Years [Member] | 6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
1 - 3 Years [Member] | 6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
1 - 3 Years [Member] | 8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
1 - 3 Years [Member] | 8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
1 - 3 Years [Member] | 8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	359,375
3 - 5 Years [Member] | Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
3 - 5 Years [Member] | SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
3 - 5 Years [Member] | 8.75% 2024 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
3 - 5 Years [Member] | 6.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
3 - 5 Years [Member] | 7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
3 - 5 Years [Member] | 4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
3 - 5 Years [Member] | 4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	75,000
3 - 5 Years [Member] | 6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	105,500
3 - 5 Years [Member] | 6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	15,000
3 - 5 Years [Member] | 8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	46,000
3 - 5 Years [Member] | 8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	60,375
3 - 5 Years [Member] | 8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	57,500
More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	205,000
More Than 5 Years [Member] | Encina Credit Facility [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | SBA Debentures [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	205,000
More Than 5 Years [Member] | 8.75% 2024 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 6.00% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 7.75% 2025 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 4.375% 2026 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 4.35% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 6.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 6.25% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 8.00% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 8.125% 2027 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations
More Than 5 Years [Member] | 8.50% 2028 Notes [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations

Commitments and Contingencies_4

Commitments and Contingencies (Details) - Schedule of Unfunded Commitments Outstanding - USD ($) $ in Thousands	Nov. 30, 2023	Feb. 28, 2023
At Company’s discretion
Off balance sheet arrangements	$ 128,431	$ 108,771
At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	77,696	59,798
At Company’s Discretion [Member] | ActiveProspect, Inc. [Member]
At Company’s discretion
Off balance sheet arrangements	10,000	10,000
At Company’s Discretion [Member] | Artemis Wax Corp. [Member]
At Company’s discretion
Off balance sheet arrangements	23,500
At Company’s Discretion [Member] | Ascend Software, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	5,000	5,000
At Company’s Discretion [Member] | Granite Comfort, LP [Member]
At Company’s discretion
Off balance sheet arrangements	750	15,000
At Company’s Discretion [Member] | JDXpert [Member]
At Company’s discretion
Off balance sheet arrangements	5,000	5,000
At Company’s Discretion [Member] | LFR Chicken LLC [Member]
At Company’s discretion
Off balance sheet arrangements		4,000
At Company’s Discretion [Member] | Pepper Palace, Inc. [Member]
At Company’s discretion
Off balance sheet arrangements	1,898	3,000
At Company’s Discretion [Member] | Procurement Partners, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	4,250	4,250
At Company’s Discretion [Member] | Saratoga Senior Loan Fund I JV, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	8,548	8,548
At Company’s Discretion [Member] | Sceptre Hospitality Resources, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	5,000	5,000
At Company’s Discretion [Member] | Stretch Zone Franchising, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	3,750
At Company’s Discretion [Member] | VetnCare MSO, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	10,000
Alpha Aesthetics Partners OpCo, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	3,720
ARC Health OpCo LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	2,585	10,773
Artemis Wax Corp. [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		8,500
Ascend Software, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	1,500	3,200
Axero Holdings, LLC - Revolver [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	500	500
Axiom Medical Consulting, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	2,000
BQE Software, Inc. [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	3,250
C2 Educational Systems, Inc.[Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	3,000
Davisware, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	1,500
Exigo, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		4,167
Exigo, LLC - Revolver [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	1,042	833
Gen4 Dental Partners Holdings, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	244	11,000
GoReact [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	2,500	2,500
JDXpert [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		1,000
Inspect Point Holding, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	1,500
Modis Dental Partners OpCo, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	7,500
Pepper Palace, Inc. - Delayed Draw Term Loan [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		2,000
Pepper Palace, Inc. - Revolver [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	2,500	2,500
Procurement Partners, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements		1,000
Stretch Zone Franchising, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	1,500
VetnCare MSO, LLC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	15,319
Zollege PBC [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	575	1,000
Defined Benefit Plan Portfolio [Member] | At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	$ 50,735	$ 48,973

Directors Fees (Details)

Directors Fees (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022	Feb. 28, 2023
Directors Fee [Abstract]
Annual fee			$ 70,000
Board meeting attending fees			3,000
Committee meeting attending fees			1,500
Audit committee annual fees			12,500
Chairman annual fees			6,000
Directors fees and expenses	$ 80,729	$ 80,000	280,797	$ 300,000
Accrued and unpaid amount	$ 0		$ 0		$ 10,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands						1 Months Ended		3 Months Ended	9 Months Ended
	Jul. 06, 2023	Jul. 29, 2021	Oct. 08, 2019	Jul. 11, 2019	Jul. 13, 2018	Jul. 30, 2021	Mar. 16, 2017	Nov. 30, 2023	Nov. 30, 2023	Feb. 28, 2023
Stockholders' Equity [Line Items]
Repurchase plan, description									On September 24, 2014, the Company announced the approval of an open market share repurchase plan that originally allowed it to repurchase up to 200,000 shares of its common stock at prices below its NAV as reported in its then most recently published consolidated financial statements (the “Share Repurchase Plan”). Since September 24, 2014, the Share Repurchase Plan has been extended annually, and the Company has periodically increased the amount of shares of common stock that may be purchased under the Share Repurchase Plan, most recently to 1.7 million shares of common stock. On January 8, 2024, the Company’s board of directors extended the Share Repurchase Plan for another year to January 15, 2025. As of November 30, 2023, the Company had purchased 1,035,203 shares of common stock, at the average price of $22.05 for approximately $22.8 million pursuant to the Share Repurchase Plan. During the three months ended November 30, 2023, the Company did not purchase any shares of common stock pursuant to the Share Repurchase Plan. During the nine months ended November 30, 2023, the Company purchased 88,576 shares of common stock, at the average price $24.36 for approximately $2.2 million pursuant to the Share Repurchase Plan.
Shares issued (in Shares)					1,150,000
Stock issued price per share (in Dollars per share)	$ 150				$ 25
Common stock par value (in Dollars per share)					$ 0.001			$ 0.001	$ 0.001	$ 0.001
Aggregate amount					$ 28,750
Sale of stock, description									The net proceeds, after deducting underwriting commissions of $1.15 million and offering costs of approximately $0.2 million, amounted to approximately $27.4 million.
Additional common stock (in Shares)					172,500
Offer for sale						$ 150,000	$ 30,000
Amount of common stock			$ 130,000	$ 70,000
Number of shares sold (in Shares)		3,922,018							350,000
Gross proceeds		$ 97,100							$ 10,000
Average price (in Dollars per share)		$ 24.77
Aggregate net proceeds		$ 95,900
Purchased shares of common stock (in Shares)	300
Average price (in Dollars per share)									$ 28.48
Aggregate net proceeds									$ 10,000
Manager reimbursed								$ 1,000	3,100
Maximum [Member]
Stockholders' Equity [Line Items]
Aggregate net proceeds									$ 156,800
Ladenburg Thalmann & Co. Inc. [Member]
Stockholders' Equity [Line Items]
Number of shares sold (in Shares)									6,042,773
Gross proceeds									$ 158,300
Average price (in Dollars per share)								$ 26.2	$ 26.2
Equity ATM Program [Member]
Stockholders' Equity [Line Items]
Number of shares sold (in Shares)									1,202,412
Gross proceeds									$ 34,300
Aggregate net proceeds									$ 34,300
Average price (in Dollars per share)									$ 28.54

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity - USD ($)		3 Months Ended							9 Months Ended
	Aug. 11, 2021	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Nov. 30, 2023	Nov. 30, 2022
Stockholders' Equity (Details) - Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance		$ 362,078,755	$ 337,450,848	$ 346,958,042	$ 335,763,600	$ 337,213,275	$ 345,235,811	$ 355,780,523	$ 346,958,042	$ 355,780,523
Balance		359,558,749	362,078,755	337,450,848	346,958,042	335,763,600	337,213,275	345,235,811	359,558,749	335,763,600
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles
Increase (Decrease) from Operations:
Net investment income		14,166,063	13,964,784	15,958,950	9,649,474	9,877,437	7,698,014	7,976,222
Net realized gain (loss) from investments	$ 100,000	60,565		90,691	80,683	(740,434)	7,943,838	162,509	151,256	7,365,913
Income tax (provision) benefit from realized gain on investments						479,318		69,250		548,568
Net change in unrealized appreciation (depreciation) on investments		(17,866,353)	(5,737,571)	(16,322,307)	10,549,981	(3,176,208)	(13,258,456)	(9,333,449)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments		(415,894)	(221,206)	59,407	(697,380)	(425,848)	(230,154)	(361,951)	(577,693)	(1,017,953)
Decrease from Shareholder Distributions:
Distributions of investment income – net		(9,286,642)	(8,352,335)	(8,193,402)	(8,081,306)	(6,433,298)	(6,369,981)	(6,428,817)
Capital Share Transactions:
Stock dividend distribution		858,995	749,313	1,058,844	1,300,460	1,150,934	1,088,188	1,108,680
Repurchases of common stock				(2,157,605)	(1,224,224)	(2,179,695)	(3,686,105)	(3,734,316)
Repurchase fees				(1,772)	(972)	(1,881)	(3,071)	(2,840)
Increase (Decrease) from Operations:
Realized losses on extinguishment of debt			(110,056)		(382,274)		(1,204,809)		(110,056)	(1,204,809)
Capital Share Transactions:
Proceeds from issuance of common stock		9,012,150	22,498,117
Capital contribution from manager		1,043,000	2,050,288
Offering costs		(92,240)	(213,427)						(305,667)
Common Stock [Member]
Stockholders' Equity (Details) - Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance		$ 12,730	$ 11,848	$ 11,891	$ 11,885	$ 11,927	$ 12,032	$ 12,131	$ 11,891	$ 12,131
Balance (in Shares)		12,729,781	11,847,742	11,890,500	11,885,479	11,927,238	12,031,998	12,131,350	11,890,500	12,131,350
Balance		$ 13,115	$ 12,730	$ 11,848	$ 11,891	$ 11,885	$ 11,927	$ 12,032	$ 13,115	$ 11,885
Balance (in Shares)		13,114,977	12,729,781	11,847,742	11,890,500	11,885,479	11,927,238	12,031,998	13,114,977	11,885,479
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles
Increase (Decrease) from Operations:
Net investment income
Net realized gain (loss) from investments
Income tax (provision) benefit from realized gain on investments
Net change in unrealized appreciation (depreciation) on investments
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments
Decrease from Shareholder Distributions:
Distributions of investment income – net
Capital Share Transactions:
Stock dividend distribution		$ 35	$ 30	$ 47	$ 55	$ 53	$ 49	$ 43
Stock dividend distribution (in Shares)		35,196	29,627	45,818	53,615	52,312	48,590	42,825
Repurchases of common stock				$ (90)	$ (49)	$ (95)	$ (154)	$ (142)
Repurchases of common stock (in Shares)				(88,576)	(48,594)	(94,071)	(153,350)	(142,177)
Repurchase fees
Increase (Decrease) from Operations:
Realized losses on extinguishment of debt
Capital Share Transactions:
Proceeds from issuance of common stock		$ 350	$ 852
Proceeds from issuance of common stock (in Shares)		350,000	852,412
Capital in Excess of Par Value [Member]
Stockholders' Equity (Details) - Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance		$ 345,876,725	$ 320,793,316	321,893,806	321,802,386	322,832,986	325,433,869	328,062,246	$ 321,893,806	$ 328,062,246
Balance		356,698,595	345,876,725	320,793,316	321,893,806	321,802,386	322,832,986	325,433,869	356,698,595	321,802,386
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles					16,162
Increase (Decrease) from Operations:
Net investment income
Net realized gain (loss) from investments
Income tax (provision) benefit from realized gain on investments
Net change in unrealized appreciation (depreciation) on investments
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments
Decrease from Shareholder Distributions:
Distributions of investment income – net
Capital Share Transactions:
Stock dividend distribution		858,960	749,283	1,058,797	1,300,405	1,150,881	1,088,139	1,108,637
Repurchases of common stock				(2,157,515)	(1,224,175)	(2,179,600)	(3,685,951)	(3,734,174)
Repurchase fees				(1,772)	(972)	(1,881)	(3,071)	(2,840)
Increase (Decrease) from Operations:
Realized losses on extinguishment of debt
Capital Share Transactions:
Proceeds from issuance of common stock		9,012,150	22,497,265
Capital contribution from manager		1,043,000	2,050,288
Offering costs		(92,240)	(213,427)
Total Distributable Earnings (Loss) [Member]
Stockholders' Equity (Details) - Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance		16,189,300	16,645,684	25,052,345	13,949,329	14,368,362	19,789,910	27,706,146	25,052,345	27,706,146
Balance		2,847,039	16,189,300	16,645,684	25,052,345	13,949,329	14,368,362	19,789,910	$ 2,847,039	$ 13,949,329
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles					(16,162)
Increase (Decrease) from Operations:
Net investment income		14,166,063	13,964,784	15,958,950	9,649,474	9,877,437	7,698,014	7,976,222
Net realized gain (loss) from investments		60,565		90,691	80,683	(740,434)	7,943,838	162,509
Income tax (provision) benefit from realized gain on investments						479,318		69,250
Net change in unrealized appreciation (depreciation) on investments		(17,866,353)	(5,737,571)	(16,322,307)	10,549,981	(3,176,208)	(13,258,456)	(9,333,449)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments		(415,894)	(221,206)	59,407	(697,380)	(425,848)	(230,154)	(361,951)
Decrease from Shareholder Distributions:
Distributions of investment income – net		$ (9,286,642)	(8,352,335)	(8,193,402)	(8,081,306)	(6,433,298)	(6,369,981)	(6,428,817)
Capital Share Transactions:
Stock dividend distribution
Repurchases of common stock
Repurchase fees
Increase (Decrease) from Operations:
Realized losses on extinguishment of debt			(110,056)		$ (382,274)		$ (1,204,809)
Capital Share Transactions:
Proceeds from issuance of common stock

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2023	Nov. 30, 2022	Nov. 30, 2023	Nov. 30, 2022
Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets [Abstract]
Net increase (decrease) in net assets resulting from operations	$ (4,056)	$ 6,014	$ 3,627	$ 5,475
Weighted average common shares outstanding	13,052,896	11,893,173	12,355,815	11,989,811
Weighted average earnings (loss) per common share	$ (0.31)	$ 0.51	$ 0.29	$ 0.46

Dividend (Details)

Dividend (Details) - $ / shares	Nov. 15, 2023	Aug. 14, 2023	May 22, 2023
Common Stock [Member]
Dividend (Details) [Line Items]
Dividend per share payable	$ 0.72	$ 0.71	$ 0.7

Dividend (Details) - Schedule o

Dividend (Details) - Schedule of Dividends Declared - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended
		Nov. 30, 2023	Nov. 30, 2022
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share		$ 2,130	$ 1,750
Total Amount	[1]	$ 26,527	$ 20,884
November 15, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Dec. 11, 2023
Payment Date		Dec. 28, 2023
Amount Per Share		$ 720
Total Amount		$ 8,888
August 14, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Sep. 14, 2023
Payment Date		Sep. 28, 2023
Amount Per Share		$ 710
Total Amount	[1]	$ 9,287
May 22, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Jun. 13, 2023
Payment Date		Jun. 29, 2023
Amount Per Share		$ 700
Total Amount	[1]	$ 8,352
November 15, 2022 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Dec. 15, 2022
Payment Date			Jan. 04, 2023
Amount Per Share			$ 680
Total Amount			$ 8,081
August 29, 2022 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Sep. 14, 2022
Payment Date			Sep. 29, 2022
Amount Per Share			$ 540
Total Amount	[1]		$ 6,433
May 26, 2022 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Jun. 14, 2022
Payment Date			Jun. 29, 2022
Amount Per Share			$ 530
Total Amount	[1]		$ 6,370
[1]Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights (Details)

Financial Highlights (Details)	9 Months Ended
	Nov. 30, 2023 USD ($)
Investment Company, Financial Highlights [Abstract]
Indebtedness amount	$ 1,000
Revolving credit facility, description	The Revolving Credit Facility, SBA Debentures, 8.75% Notes Payable 2024, 7.00% Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2027 and 6.25% Notes Payable 2027 are not registered for public trading.
Debt instrument redemption, description	the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE.

Financial Highlights (Details)

Financial Highlights (Details) - Schedule of Financial Highlights - USD ($)		9 Months Ended
		Nov. 30, 2023	Nov. 30, 2022
Investment Company, Financial Highlights [Line Items]
Net asset value at beginning of period		$ 29.18	$ 29.33
Net investment income	[1]	3.57	2.13
Net realized and unrealized gain and losses on investments	[1]	(3.27)	(1.57)
Realized losses on extinguishment of debt		(0.01)	(0.1)
Net increase in net assets resulting from operations		0.29	0.46
Distributions declared from net investment income		(2.1)	(1.6)
Total distributions to stockholders		(2.1)	(1.6)
Issuance of common stock	[2]	(0.3)
Capital contribution from manager for the issuance of common stock	[3]	0.36
Repurchases of common stock	[4]	0.03	0.15
Dilution	[5]	(0.04)	(0.09)
Net asset value at end of period		$ 27.42	$ 28.25
Net assets at end of period (in Dollars)		$ 359,558,749	$ 335,763,600
Shares outstanding at end of period (in Shares)		13,114,977	11,885,479
Per share market value at end of period		$ 26.21	$ 26.37
Total return based on market value	[6],[7]	3.62%	2.74%
Total return based on net asset value	[6],[8]	2.35%	2.98%
Ratio/Supplemental data:
Ratio of net investment income to average net assets	[9]	17.15%	9.90%
Expenses:
Ratios of Operating Expenses and Income Taxes to average net assets	[10],[11]	8.09%	7.02%
Ratio of incentive management fees to average net assets	[6]	1.37%	0.06%
Ratio of interest and debt financing expenses to average net assets	[11]	13.87%	8.97%
Ratio of total expenses and income taxes to average net assets	[9],[10]	23.33%	16.05%
Portfolio turnover rate	[6],[12]	1.80%	17.77%
Asset coverage ratio per unit (in Dollars)	[13]	$ 1,593	$ 1,732
Average market value per unit
Revolving Credit Facility	[14]
SBA Debentures Payable	[14]
8.75% Notes Payable 2024 [Member]
Average market value per unit
Average market value per unit	[14]
7.00% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[14]
7.25% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[15]
7.75% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[14]
4.375% Notes Payable 2026 [Member]
Average market value per unit
Average market value per unit	[14]
4.35% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit	[14]
6.00% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit		23.34	24.2
6.25% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit	[14]
8.00% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit		24.93	24.94
8.125% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit		24.97
8.50% Notes Payable 2028 [Member]
Average market value per unit
Average market value per unit		$ 25.07
[1] Per share amounts are calculated using the weighted average shares outstanding during the period. The continuous issuance of common stock may cause an incremental decrease in NAV per share due to the sale of shares at the then prevailing public offering price and the receipt of net proceeds per share by the Company less than NAV per share on each subscription closing date. The per share data was derived by computing (i) the sum of (A) the number of shares issued in connection with subscriptions and/or distribution reinvestment on each share transaction date multiplied by (B) the differences between the net proceeds per share and the NAV per share on each share transaction date, divided by (ii) the total shares outstanding during the period. The Manager agreed to reimburse the Company to the extent the per share price of the shares to the public, less underwriting fees, was less than net asset value per share. Represents the anti-dilutive impact on the NAV of the Company due to the repurchase of common shares. See Note 11. Stockholders’ Equity. Represents the dilutive effect of issuing common stock below NAV per share during the period in connection with the satisfaction of the Company’s annual RIC distribution requirement and may include the impact of the different share amounts used for different items (weighted average basic common shares outstanding for the corresponding year and actual common shares outstanding at the end of the year) in the per common share data calculation and rounding impacts. See Note 13. Dividend. Ratios are not annualized. Total investment return is calculated assuming a purchase of common shares at the current market value on the first day and a sale at the current market value on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. Total investment return is calculated assuming a purchase of common shares at the current NAV on the first day and a sale at the current net asset value on the last day of the periods reported. Dividends and distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total investment return does not reflect brokerage commissions. Ratios are annualized. Incentive management fees included within the ratio are not annualized. Certain prior period amounts have been reclassified to conform to current period presentation. Ratios are annualized. Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value. Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. Asset coverage ratio per unit does not include unfunded commitments. The inclusion of unfunded commitments in the calculation of the asset coverage ratio per unit would not cause us to be below the required amount of regulatory coverage. The Revolving Credit Facility, SBA Debentures, 8.75% Notes Payable 2024, 7.00% Notes Payable 2025, 7.75% Notes Payable 2025, 4.375% Notes Payable 2026, 4.35% Notes Payable 2027 and 6.25% Notes Payable 2027 are not registered for public trading. On July 14, 2022, the Company redeemed $43.1 million in aggregate principal amount of the $43.1 million in aggregate principal amount of issued and outstanding 7.25% 2025 Notes and are no longer listed on the NYSE.