Saratoga Investment Corp 8.50% (SAZ) 10-Q 8 Oct 24 2025 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Aug. 31, 2024	Oct. 07, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Aug. 31, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	SARATOGA INVESTMENT CORP.
Entity Central Index Key	0001377936
Securities Act File Number	814-00732
Entity Tax Identification Number	20-8700615
Entity Incorporation, State or Country Code	MD
Current Fiscal Year End Date	--02-28
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Contact Personnel [Line Items]
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
Entity Phone Fax Numbers [Line Items]
City Area Code	(212)
Local Phone Number	906-7800
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		13,800,768
Common Stock, par value $0.001 per share
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	SAR
Security Exchange Name	NYSE
6.00% Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	6.00% Notes due 2027
Trading Symbol	SAT
Security Exchange Name	NYSE
8.00% Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	8.00% Notes due 2027
Trading Symbol	SAJ
Security Exchange Name	NYSE
8.125% Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	8.125% Notes due 2027
Trading Symbol	SAY
Security Exchange Name	NYSE
8.50% Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	8.50% Notes due 2027
Trading Symbol	SAZ
Security Exchange Name	NYSE

Consolidated Statements of Asse

Consolidated Statements of Assets and Liabilities - USD ($)	Aug. 31, 2024	Feb. 29, 2024
Investments at fair value
Non-control/Non-affiliate investments (amortized cost of $932,599,967 and $1,035,879,751, respectively)	$ 963,176,509	$ 1,019,774,616
Affiliate investments (amortized cost of $27,197,048 and $26,707,415, respectively)	29,193,438	27,749,137
Control investments (amortized cost of $79,244,797 and $117,196,571, respectively)	48,341,503	91,270,036
Total investments at fair value (amortized cost of $1,039,041,812 and $1,179,783,737, respectively)	1,040,711,450	1,138,793,789
Cash and cash equivalents	84,569,590	8,692,846
Cash and cash equivalents, reserve accounts	77,434,591	31,814,278
Interest receivable (net of reserve of $21,216 and $9,490,340, respectively)	10,085,266	10,298,998
Management fee receivable	333,826	343,023
Other assets	1,567,007	1,163,225
Current income tax receivable	1,931	99,676
Total assets	1,214,703,661	1,191,205,835
LIABILITIES
Revolving credit facilities	52,500,000	35,000,000
Commitments and contingencies (See Note 9)
NET ASSETS
Common stock, par value $0.001, 100,000,000 common shares authorized, 13,745,769 and 13,653,476 common shares issued and outstanding, respectively	13,746	13,654
Capital in excess of par value	373,087,033	371,081,199
Total distributable deficit	(1,046,937)	(870,745)
Total net assets	372,053,842	370,224,108
Total liabilities and net assets	$ 1,214,703,661	$ 1,191,205,835
NET ASSET VALUE PER SHARE (in Dollars per share)	$ 27.07	$ 27.12
Debentures payable
LIABILITIES
Deferred debt financing costs	$ (5,306,833)	$ (5,779,892)
Notes Payable	214,000,000	214,000,000
8.75% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(2,557)	(4,777)
Notes Payable	20,000,000	20,000,000
Discount on notes payable	(61,587)	(112,894)
7.00% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(16,212)	(24,210)
Notes Payable	12,000,000	12,000,000
Discount on notes payable	(132,133)	(193,175)
7.75% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(46,883)	(74,531)
Notes Payable	5,000,000	5,000,000
4.375% Notes Payable 2026
LIABILITIES
Deferred debt financing costs	(1,283,387)	(1,708,104)
Notes Payable	175,000,000	175,000,000
Premium on 4.375% notes payable 2026	439,902	564,260
4.35% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(859,567)	(1,033,178)
Notes Payable	75,000,000	75,000,000
Discount on notes payable	(254,551)	(313,010)
6.25% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(237,503)	(273,449)
Notes Payable	15,000,000	15,000,000
6.00% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,871,368)	(2,224,403)
Notes Payable	105,500,000	105,500,000
Discount on notes payable	(105,834)	(123,782)
8.00% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,099,544)	(1,274,455)
Notes Payable	46,000,000	46,000,000
8.125% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,358,240)	(1,563,594)
Notes Payable	60,375,000	60,375,000
8.50% Notes Payable 2028
LIABILITIES
Deferred debt financing costs	(1,474,914)	(1,680,039)
Base management and incentive fees payable	9,316,716	8,147,217
Deferred tax liability	4,417,880	3,791,150
Accounts payable and accrued expenses	1,497,040	1,337,542
Interest and debt fees payable	4,001,012	3,582,173
Directors fees payable	80,000
Due to Manager	784,693	450,000
Total liabilities	842,649,819	820,981,727
Notes Payable	57,500,000	57,500,000
Revolving credit facility
LIABILITIES
Deferred debt financing costs	$ (1,651,311)	$ (882,122)

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Parentheticals) - USD ($)	Aug. 31, 2024	Feb. 29, 2024
Amortized cost (in Dollars)	$ 1,039,041,812	$ 1,179,783,737
Net reserve of interest receivable (in Dollars)	$ 21,216	$ 9,490,340
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)	13,745,769	13,653,476
Common stock, shares outstanding (in Shares)	13,745,769	13,653,476
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
Amortized cost (in Dollars)	$ 932,599,967	$ 1,035,879,751
Affiliate investments
Amortized cost (in Dollars)	27,197,048	26,707,415
Control investments
Amortized cost (in Dollars)	$ 79,244,797	$ 117,196,571

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended				6 Months Ended
	Aug. 31, 2024		Aug. 31, 2023		Aug. 31, 2024	Aug. 31, 2023
Interest income:
Non-control/Non-affiliate investments	$ 35,721,214		$ 28,489,719		$ 66,945,491	$ 54,800,512
Affiliate investments	491,015		907,064		987,855	1,634,150
Control investments	1,247,256		2,085,448		3,244,368	4,131,308
Payment in kind interest income:
Non-control/Non-affiliate investments	1,654,044		493,338		1,717,874	618,233
Affiliate investments	250,346		215,547		491,450	423,136
Control investments	1,277		142,289		284,590	283,852
Total interest from investments	39,365,152		32,333,405		73,671,628	61,891,191
Interest from cash and cash equivalents	1,671,031		539,093		2,295,662	1,343,382
Management fee income	792,323		817,250		1,596,779	1,634,038
Dividend income(*):
Non-control/Non-affiliate investments	162,779	[1]	94,613	[1]	412,270	112,033
Control investments	915,590	[1]	1,536,970	[1]	2,212,640	3,360,480
Total dividend from investments	1,078,369	[1]	1,631,583	[1]	2,624,910	3,472,513
Structuring and advisory fee income	35,000		45,000		445,843	1,474,222
Other income	61,500		147,814		1,046,703	330,842
Total investment income	43,003,375		35,514,145		81,681,525	70,146,188
OPERATING EXPENSES
Interest and debt financing expenses	13,128,941		12,413,462		26,091,022	24,106,284
Base management fees	4,766,445		4,840,899		9,749,025	9,405,088
Incentive management fees expense (benefit)	4,550,270		2,481,473		8,135,004	2,584,821
Professional fees	125,886		486,673		1,125,196	972,723
Administrator expenses	1,133,333		904,167		2,208,333	1,722,917
Insurance	77,597		81,901		155,193	163,802
Directors fees and expenses	80,000		111,000		193,000	200,068
General and administrative	821,584		467,116		1,430,711	1,297,844
Income tax expense (benefit)	121,921		(237,330)		61,638	(231,093)
Total operating expenses	24,805,977		21,549,361		49,149,122	40,222,454
NET INVESTMENT INCOME	18,197,398		13,964,784		32,532,403	29,923,734
Net realized gain (loss) from investments:
Non-control/Non-affiliate investments	558,701				558,701	90,691
Control investments	(34,007,428)				(55,202,425)
Net realized gain (loss) from investments	(33,448,727)				(54,643,724)	90,691
Net change in unrealized appreciation (depreciation) on investments:
Non-control/Non-affiliate investments	32,524,852		(11,657,451)		46,681,677	(13,385,585)
Affiliate investments	353,445		39,648		954,668	(205,636)
Control investments	(4,150,142)		5,880,232		(4,976,759)	(8,468,657)
Net change in unrealized appreciation (depreciation) on investments	28,728,155		(5,737,571)		42,659,586	(22,059,878)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(159,187)		(221,206)		(620,188)	(161,799)
Net realized and unrealized gain (loss) on investments	(4,879,759)		(5,958,777)		(12,604,326)	(22,130,986)
Realized losses on extinguishment of debt			(110,056)			(110,056)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ 13,317,639		$ 7,895,951		$ 19,928,077	$ 7,682,692
WEIGHTED AVERAGE - BASIC EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share)	$ 0.97		$ 0.65		$ 1.45	$ 0.64
WEIGHTED AVERAGE - DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share)	$ 0.97		$ 0.65		$ 1.45	$ 0.64
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares)	13,726,142		12,158,440		13,704,759	12,011,180
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares)	13,726,142		12,158,440		13,704,759	12,011,180
[1] Certain prior period amounts have been reclassified to conform to current period presentation.

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets (Unaudited) - USD ($)	6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
INCREASE FROM OPERATIONS:
Net investment income	$ 32,532,403	$ 29,923,734
Net realized gain (loss) from investments	(54,643,724)	90,691
Realized losses on extinguishment of debt		(110,056)
Net change in unrealized appreciation (depreciation) on investments	42,659,586	(22,059,878)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(620,188)	(161,799)
Net increase in net assets resulting from operations	19,928,077	7,682,692
DECREASE FROM SHAREHOLDER DISTRIBUTIONS:
Total distributions to shareholders	(20,104,269)	(16,545,737)
Net decrease in net assets from shareholder distributions	(20,104,269)	(16,545,737)
CAPITAL SHARE TRANSACTIONS:
Proceeds from issuance of common stock		22,498,117
Capital contribution from Manager		2,050,288
Stock dividend distribution	2,005,926	1,808,157
Repurchases of common stock		(2,157,605)
Repurchase fees		(1,772)
Offering costs		(213,427)
Net increase in net assets from capital share transactions	2,005,926	23,983,758
Total increase in net assets	1,829,734	15,120,713
Net assets at beginning of period	370,224,108	346,958,042
Net assets at end of period	$ 372,053,842	$ 362,078,755

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Operating activities
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ 19,928,077	$ 7,682,692
ADJUSTMENTS TO RECONCILE NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Payment-in-kind and other adjustments to cost	(6,573,881)	2,707,440
Net accretion of discount on investments	(1,285,027)	(862,540)
Amortization of deferred debt financing costs	2,522,568	2,589,024
Realized losses on extinguishment of debt		110,056
Income tax expense (benefit)	61,638	(231,093)
Net realized (gain) loss from investments	54,643,724	(90,691)
Net change in unrealized (appreciation) depreciation on investments	(42,659,586)	22,059,878
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	620,188	161,799
Proceeds from sales and repayments of investments	135,842,533	17,103,496
Purchases of investments	(41,885,424)	(167,272,090)
(Increase) decrease in operating assets:
Interest receivable	213,732	127,723
Management fee receivable	9,197	(908)
Other assets	(403,782)	94,389
Current income tax receivable	97,745	336,875
Increase (decrease) in operating liabilities:
Base management and incentive fees payable	1,169,499	(2,945,019)
Accounts payable and accrued expenses	159,498	501,141
Interest and debt fees payable	418,839	(421,083)
Directors fees payable	80,000	(14,932)
Due to Manager	334,693	367,663
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	123,294,231	(117,996,180)
Financing activities
Borrowings on debt	30,000,000	46,500,000
Paydowns on debt	(12,500,000)	(57,000,000)
Issuance of notes		77,500,000
Payments of deferred debt financing costs	(1,198,831)	(4,085,214)
Proceeds from issuance of common stock		22,498,117
Capital contribution from Manager		2,050,288
Payments of cash dividends	(18,098,343)	(14,737,580)
Repurchases of common stock		(2,157,605)
Repurchases fees		(1,772)
Payments of offering costs		(213,427)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(1,797,174)	70,352,807
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS	121,497,057	(47,643,373)
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, BEGINNING OF PERIOD	40,507,124	96,076,273
CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS, END OF PERIOD (See note 2)	162,004,181	48,432,900
Supplemental information:
Interest paid during the period	23,149,615	21,938,344
Cash paid for taxes	88,955	4,852
Supplemental non-cash information:
Payment-in-kind interest income and other adjustments to cost	6,573,881	(2,707,440)
Net accretion of discount on investments	1,285,027	862,540
Amortization of deferred debt financing costs	2,522,568	2,589,024
Stock dividend distribution	$ 2,005,926	$ 1,808,157

Consolidated Schedule of Invest

Consolidated Schedule of Investments - USD ($)		6 Months Ended		12 Months Ended
		Aug. 31, 2024		Feb. 29, 2024
Total Alternative Investment Management Software [Member]
% of Net Assets	[2]	3.10%	[1]	2.90%	[3]
Fair Value	[2],[4]	$ 11,524,893	[1]	$ 10,779,336	[3]
Cost	[2]	$ 10,808,773	[1]	$ 9,840,328	[3]
Total Alternative Investment Management Software [Member] | Altvia MidCo, LLC. [Member]
% of Net Assets	[2]	2.40%	[1]	2.10%	[3]
Fair Value	[2],[4]	$ 8,889,768	[1]	$ 7,884,990	[3]
Cost	[2]	8,808,773	[1]	7,840,328	[3]
Principal/ Number of Shares	[2]	$ 8,880,000	[1]	$ 7,900,000	[3]
Original Acquisition Date	[2]	Jul. 18, 2022	[1]	Jul. 18, 2022	[3]
Total Alternative Investment Management Software [Member] | Altvia MidCo, LLC. One [Member]
% of Net Assets	[2]	0.70%	[1],[5]	0.80%	[3],[6]
Fair Value	[2],[4]	$ 2,635,125	[1],[5]	$ 2,894,346	[3],[6]
Cost	[2]	2,000,000	[1],[5]	2,000,000	[3],[6]
Principal/ Number of Shares	[2]	$ 2,000,000	[1],[5]	$ 2,000,000	[3],[6]
Original Acquisition Date	[2]	Jul. 18, 2022	[1],[5]	Jul. 18, 2022	[3],[6]
Total Architecture & Engineering Software [Member]
% of Net Assets	[2]	6.90%	[1]	6.80%	[3]
Fair Value	[2],[4]	$ 25,755,000	[1]	$ 25,247,475	[3]
Cost	[2]	$ 25,040,367	[1]	$ 25,029,150	[3]
Total Architecture & Engineering Software [Member] | BQE Software, Inc. [Member]
% of Net Assets	[2]	6.70%	[1],[7]	6.60%	[3]
Fair Value	[2],[4]	$ 24,990,000	[1],[7]	$ 24,497,550	[3]
Cost	[2]	24,296,216	[1],[7]	24,285,669	[3]
Principal/ Number of Shares	[2]	$ 24,500,000	[1],[7]	$ 24,500,000	[3]
Original Acquisition Date	[2]	Apr. 13, 2023	[1],[7]	Apr. 13, 2023	[3]
Total Architecture & Engineering Software [Member] | BQE Software, Inc. One [Member]
% of Net Assets	[2]	0.20%	[1],[8]	0.20%	[3],[9]
Fair Value	[2],[4]	$ 765,000	[1],[8]	$ 749,925	[3],[9]
Cost	[2]	744,151	[1],[8]	743,481	[3],[9]
Principal/ Number of Shares	[2]	$ 750,000	[1],[8]	$ 750,000	[3],[9]
Original Acquisition Date	[2]	Apr. 13, 2023	[1],[8]	Apr. 13, 2023	[3],[9]
Total Association Management Software [Member]
% of Net Assets	[2]	6.90%	[1]	6.50%	[3]
Fair Value	[2],[4]	$ 25,364,668	[1]	$ 24,088,940	[3]
Cost	[2]	$ 24,193,721	[1]	$ 23,364,477	[3]
Total Association Management Software [Member] | GrowthZone, LLC [Member]
% of Net Assets	[2]	6.50%	[1]	6.20%	[3]
Fair Value	[2],[4]	$ 24,045,064	[1]	$ 22,934,808	[3]
Cost	[2]	23,121,327	[1]	22,292,083	[3]
Principal/ Number of Shares	[2]	$ 23,454,023	[1]	$ 22,649,425	[3]
Original Acquisition Date	[2]	May 10, 2023	[1]	May 10, 2023	[3]
Total Association Management Software [Member] | Golden TopCo LP [Member]
% of Net Assets	[2]	0.40%	[1],[5]	0.30%	[3],[6]
Fair Value	[2],[4]	$ 1,319,604	[1],[5]	$ 1,154,132	[3],[6]
Cost	[2]	1,072,394	[1],[5]	1,072,394	[3],[6]
Principal/ Number of Shares	[2]	$ 1,072,394	[1],[5]	$ 1,072,394	[3],[6]
Original Acquisition Date	[2]	May 10, 2023	[1],[5]	May 10, 2023	[3],[6]
Total Consumer Services [Member]
% of Net Assets	[2]	16.20%	[1]	17.50%	[3]
Fair Value	[2],[4]	$ 60,276,350	[1]	$ 64,689,071	[3]
Cost	[2]	$ 60,485,311	[1]	$ 60,208,255	[3]
Total Consumer Services [Member] | Artemis Wax Corp.[Member]
% of Net Assets	[2],[7]	15.30%	[1],[8]	15.70%	[3],[9]
Fair Value	[2],[4],[7]	$ 56,890,500	[1],[8]	$ 58,149,750	[3],[9]
Cost	[2],[7]	57,273,445	[1],[8]	57,208,255	[3],[9]
Principal/ Number of Shares	[2],[7]	$ 57,500,000	[1],[8]	$ 57,500,000	[3],[9]
Original Acquisition Date	[2],[7]	May 20, 2021	[1],[8]	May 20, 2021	[3],[9]
Total Consumer Services [Member] | Artemis Wax Corp. One [Member]
% of Net Assets	[2]	0.40%	[1],[5]	1.30%	[3],[6]
Fair Value	[2],[4]	$ 1,356,160	[1],[5]	$ 4,822,941	[3],[6]
Cost	[2]	1,500,000	[1],[5]	1,500,000	[3],[6]
Principal/ Number of Shares	[2]	$ 934,463	[1],[5]	$ 934,463	[3],[6]
Original Acquisition Date	[2]	May 20, 2021	[1],[5]	May 20, 2021	[3],[6]
Total Consumer Services [Member] | Artemis Wax Corp. Two [Member]
% of Net Assets	[2]	0.50%	[1],[5]	0.50%	[3],[6]
Fair Value	[2]	$ 2,029,690	[1],[5]	$ 1,716,380	[3],[4],[6]
Cost	[2]	1,711,866	[1],[5]	1,500,000	[3],[6]
Principal/ Number of Shares	[2]	$ 331,640	[1],[5]	$ 278,769	[3],[6]
Original Acquisition Date	[2]	Dec. 22, 2022	[1],[5]	Dec. 22, 2022	[3],[6]
Total Corporate Education Software [Member]
% of Net Assets	[2]	1.20%	[1]	1.20%	[3],[6],[10]
Fair Value	[2],[4]	$ 4,394,242	[1]	$ 4,426,630	[3],[6],[10]
Cost	[2]	$ 475,698	[1]	$ 475,698	[3],[6],[10]
Total Corporate Education Software [Member] | Schoox, Inc. [Member]
% of Net Assets	[2],[10]	1.20%	[1],[5]	1.20%	[3],[6]
Fair Value	[2],[4],[10]	$ 4,394,242	[1],[5]	$ 4,426,630	[3],[6]
Cost	[2],[10]	475,698	[1],[5]	475,698	[3],[6]
Principal/ Number of Shares	[2],[10]	$ 1,050	[1],[5]	$ 1,050	[3],[6]
Original Acquisition Date	[2],[10]	Dec. 08, 2020	[1],[5]	Dec. 08, 2020	[3],[6]
Total Cyber Security [Member]
% of Net Assets	[2]	0.90%	[1]	0.80%	[3],[6]
Fair Value	[2],[4]	$ 3,189,357	[1]	$ 2,826,009	[3],[6]
Cost	[2]	$ 1,906,275	[1]	$ 1,906,275	[3],[6]
Total Cyber Security [Member] | GreyHeller LLC [Member]
% of Net Assets	[2]	0.90%	[1],[5]	0.80%	[3],[6]
Fair Value	[2],[4]	$ 3,189,357	[1],[5]	$ 2,826,009	[3],[6]
Cost	[2]	1,906,275	[1],[5]	1,906,275	[3],[6]
Principal/ Number of Shares	[2]	$ 7,857,689	[1],[5]	$ 7,857,689	[3],[6]
Original Acquisition Date	[2]	Nov. 10, 2021	[1],[5]	Nov. 10, 2021	[3],[6]
Total Dental Practice Management [Member]
% of Net Assets	[2]	9.40%	[1]	10.90%	[3]
Fair Value	[2],[4]	$ 34,657,280	[1]	$ 40,234,843	[3]
Cost	[2]	$ 34,047,369	[1]	$ 40,418,843	[3]
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC [Member]
% of Net Assets	[2]	1.90%	[1],[8]	3%	[3]
Fair Value	[2],[4]	$ 7,071,429	[1],[8]	$ 11,110,000	[3]
Cost	[1],[2],[8]	7,072,749		10,979,958	[3]
Principal/ Number of Shares	[1],[2],[8]	$ 7,142,857		$ 11,000,000	[3]
Original Acquisition Date	[1],[2],[8]	May 13, 2024		Feb. 08, 2023	[3]
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC One [Member]
% of Net Assets	[1],[2]	0%	[8]	0.30%	[6],[10]
Fair Value	[1],[2],[4]		[8]	$ 1,111,499	[6],[10]
Cost	[1],[2]		[8]	1,027,519	[6],[10]
Principal/ Number of Shares	[1],[2]		[8]	$ 493,999	[6],[10]
Original Acquisition Date	[1],[2]	May 13, 2024	[8]	Feb. 08, 2023	[6],[10]
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC Two [Member]
% of Net Assets	[1],[2],[8]	0%
Fair Value	[1],[2],[4],[8]
Cost	[1],[2],[8]
Principal/ Number of Shares	[1],[2],[8]
Original Acquisition Date	[1],[2],[8]	May 13, 2024
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC Three [Member]
% of Net Assets	[1],[2],[5],[10]	0.30%
Fair Value	[1],[2],[4],[5],[10]	$ 1,155,960
Cost	[1],[2],[5],[10]	1,027,519
Principal/ Number of Shares	[1],[2],[5],[10]	$ 493,999
Original Acquisition Date	[1],[2],[5],[10]	Feb. 08, 2023
Total Dental Practice Management [Member] | Modis Dental Partners OpCo, LLC [Member]
% of Net Assets	[2]	1.90%	[1]	1.90%	[3]
Fair Value	[2],[4]	$ 7,140,000	[1]	$ 7,113,400	[3]
Cost	[2]	6,914,132	[1]	6,906,453	[3]
Principal/ Number of Shares	[2]	$ 7,000,000	[1]	$ 7,000,000	[3]
Original Acquisition Date	[2]	Apr. 18, 2023	[1]	Apr. 18, 2023	[3]
Total Dental Practice Management [Member] | Modis Dental Partners OpCo, LLC One [Member]
% of Net Assets	[2]	2.10%	[1]	2.10%	[3]
Fair Value	[2],[4]	$ 7,650,000	[1]	$ 7,621,500	[3]
Cost	[2]	7,401,255	[1]	7,392,367	[3]
Principal/ Number of Shares	[2]	$ 7,500,000	[1]	$ 7,500,000	[3]
Original Acquisition Date	[2]	Apr. 18, 2023	[1]	Apr. 18, 2023	[3]
Total Dental Practice Management [Member] | Modis Dental Partners OpCo, LLC Two [Member]
% of Net Assets	[2],[5]	0.80%	[1]	0.70%	[3]
Fair Value	[2],[4],[5]	$ 2,849,582	[1]	$ 2,682,996	[3]
Cost	[2],[5]	2,950,000	[1]	2,950,000	[3]
Principal/ Number of Shares	[2],[5]	$ 2,950,000	[1]	$ 2,950,000	[3]
Original Acquisition Date	[2],[5]	Apr. 18, 2023	[1]	Apr. 18, 2023	[3]
Total Dental Practice Management [Member] | New England Dental Partners [Member]
% of Net Assets	[2]	1.80%	[1]	1.70%	[3]
Fair Value	[2],[4]	$ 6,619,239	[1]	$ 6,198,408	[3]
Cost	[2]	6,535,334	[1]	6,526,643	[3]
Principal/ Number of Shares	[2]	$ 6,555,000	[1]	$ 6,555,000	[3]
Original Acquisition Date	[2]	Nov. 25, 2020	[1]	Nov. 25, 2020	[3]
Total Dental Practice Management [Member] | New England Dental Partners One [Member]
% of Net Assets	[2]	0.60%	[1]	1.20%	[3]
Fair Value	[2],[4]	$ 2,171,070	[1]	$ 4,397,040	[3]
Cost	[2]	2,146,380	[1]	4,635,903	[3]
Principal/ Number of Shares	[2]	$ 2,150,000	[1]	$ 4,650,000	[3]
Original Acquisition Date	[2]	Nov. 25, 2020	[1]	Nov. 25, 2020	[3]
Total Direct Selling Software [Member]
% of Net Assets	[2]	6.50%	[1]	6.60%	[3]
Fair Value	[2],[4]	$ 24,241,961	[1]	$ 24,073,455	[3]
Cost	[2]	$ 25,104,335	[1]	$ 25,209,021	[3]
Total Direct Selling Software [Member] | Exigo, LLC [Member]
% of Net Assets	[2],[7]	6.30%	[1]	6.30%	[3]
Fair Value	[2],[4],[7]	$ 23,463,721	[1]	$ 23,165,555	[3]
Cost	[2],[7]	24,062,668	[1]	24,167,354	[3]
Principal/ Number of Shares	[2],[7]	$ 24,189,404	[1]	$ 24,313,135	[3]
Original Acquisition Date	[2],[7]	Mar. 16, 2022	[1]	Mar. 16, 2022	[3]
Total Direct Selling Software [Member] | Exigo, LLC One [Member]
% of Net Assets	[2]	0%	[1],[8]	0%	[3],[9]
Fair Value	[2],[4]	$ (18,750)	[1],[8]	$ (49,167)	[3],[9]
Cost	[1],[2],[8]				[3],[9]
Principal/ Number of Shares	[1],[2],[8]				[3],[9]
Original Acquisition Date	[1],[2],[8]	Mar. 16, 2022		Mar. 16, 2022	[3],[9],[10]
Total Direct Selling Software [Member] | Exigo, LLC Two [Member]
% of Net Assets	[2],[5],[10]	0.20%	[1]	0.30%	[3]
Fair Value	[2],[4],[5],[10]	$ 796,990	[1]	$ 957,067	[3]
Cost	[2],[5],[10]	1,041,667	[1]	1,041,667	[3]
Principal/ Number of Shares	[2],[5],[10]	$ 1,041,667	[1]	$ 1,041,667	[3]
Original Acquisition Date	[2],[5],[10]	Mar. 16, 2022	[1]	Mar. 16, 2022	[3]
Total Education Services [Member]
% of Net Assets	[2]	6.40%	[1]	7%	[3]
Fair Value	[2],[4]	$ 23,593,072	[1]	$ 25,819,196	[3]
Cost	[2]	$ 23,477,153	[1]	$ 39,927,391	[3]
Total Education Services [Member] | C2 Educational Systems, Inc. [Member]
% of Net Assets	[2],[7]	6.20%	[1]	5.80%	[3]
Fair Value	[2],[4],[7]	$ 23,002,300	[1]	$ 21,459,150	[3]
Cost	[2],[7]	22,977,249	[1]	21,478,821	[3]
Principal/ Number of Shares	[2],[7]	$ 23,000,000	[1]	$ 21,500,000	[3]
Original Acquisition Date	[2],[7]	May 31, 2017	[1]	May 31, 2017	[3]
Total Education Services [Member] | C2 Educational Systems, Inc. One [Member]
% of Net Assets	[2],[8]	0%	[1]	0%	[3],[9]
Fair Value	[2],[8]		[1],[4]		[3],[9]
Cost	[2],[8]		[1]		[3],[9]
Principal/ Number of Shares	[2],[8]		[1]		[3],[9]
Original Acquisition Date	[2],[8]	Apr. 28, 2023	[1]	Apr. 28, 2023	[3],[9]
Total Education Services [Member] | C2 Education Systems, Inc. [Member]
% of Net Assets	[2]	0.20%	[1],[5]	0.20%	[3],[6]
Fair Value	[2],[4]	$ 590,772	[1],[5]	$ 576,118	[3],[6]
Cost	[2]	499,904	[1],[5]	499,904	[3],[6]
Principal/ Number of Shares	[2]	$ 3,127	[1],[5]	$ 3,127	[3],[6]
Original Acquisition Date	[2]	May 18, 2021	[1],[5]	May 18, 2021	[3],[6]
Total Education Services [Member] | GoReact One [Member]
% of Net Assets	[1],[2],[8]	0%
Fair Value	[1],[2],[4],[8]
Cost	[1],[2],[8]
Principal/ Number of Shares	[1],[2],[8]
Original Acquisition Date	[1],[2],[8]	Jan. 18, 2022
Total Education Services [Member] | Zollege PBC One [Member]
% of Net Assets	[2]	0.30%	[1],[11],[12]	0.10%	[3],[9],[13]
Fair Value	[2],[4]	$ 1,049,908	[1],[11],[12]	$ 290,419	[3],[9],[13]
Cost	[2]	1,461,250	[1],[11],[12]	1,358,200	[3],[9],[13]
Principal/ Number of Shares	[2]	$ 1,461,250	[1],[11],[12]	$ 1,364,109	[3],[9],[13]
Original Acquisition Date	[2]	May 11, 2021	[1],[11],[12]	May 11, 2021	[3],[9],[13]
Total Education Services [Member] | Zollege PBC Two [Member]
% of Net Assets	[2]	0.30%	[1],[5],[14]	0%	[3],[6]
Fair Value	[2],[4]	$ 1,126,594	[1],[5],[14]		[3],[6]
Cost	[2]	555,101	[1],[5],[14]	250,000	[3],[6]
Principal/ Number of Shares	[2]	$ 7,731,294	[1],[5],[14]	$ 250,000	[3],[6]
Original Acquisition Date	[2]	May 11, 2021	[1],[5],[14]	May 11, 2021	[3],[6]
Total Education Services [Member] | Zollege PBC [Member]
% of Net Assets	[2],[3],[13]			0.90%
Fair Value	[2],[3],[4],[13]			$ 3,493,509
Cost	[2],[3],[13]			16,340,466
Principal/ Number of Shares	[2],[3],[13]			$ 16,409,153
Original Acquisition Date	[2],[3],[13]			May 11, 2021
Total Education Software [Member]
% of Net Assets	[2]	12.50%	[1]	12.40%	[3]
Fair Value	[2],[4]	$ 46,424,628	[1]	$ 45,579,262	[3]
Cost	[2]	$ 39,303,859	[1]	$ 39,231,039	[3]
Total Education Software [Member] | Modern Campus (fka Destiny Solutions Inc.) [Member]
% of Net Assets	[1],[2],[5],[10]	2.80%
Fair Value	[1],[2],[4],[5],[10]	$ 10,439,727
Cost	[1],[2],[5],[10]	3,969,291
Principal/ Number of Shares	[1],[2],[5],[10]	$ 3,068
Original Acquisition Date	[1],[2],[5],[10]	May 16, 2018
Total Education Software [Member] | GoReact [Member]
% of Net Assets	[2]	2.20%	[1]	2.20%	[3]
Fair Value	[2],[4]	$ 8,122,206	[1]	$ 8,087,775	[3]
Cost	[2]	8,110,606	[1]	8,060,498	[3]
Principal/ Number of Shares	[2]	$ 8,122,206	[1]	$ 8,087,775	[3]
Original Acquisition Date	[2]	Jan. 17, 2020	[1]	Jan. 17, 2020	[3]
Total Education Software [Member] | GoReact One [Member]
% of Net Assets	[2],[3],[9]			0%
Fair Value	[2],[3],[4],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]			Jan. 18, 2022
Total Education Software [Member] | Identity Automation Systems [Member]
% of Net Assets	[2]	0.20%	[1],[5]	0.20%	[3],[6]
Fair Value	[2],[4]	$ 663,725	[1],[5]	$ 569,355	[3],[6]
Cost	[2]	232,616	[1],[5]	232,616	[3],[6]
Principal/ Number of Shares	[2]	$ 232,616	[1],[5]	$ 232,616	[3],[6]
Original Acquisition Date	[2]	Aug. 25, 2014	[1],[5]	Aug. 25, 2014	[3],[6]
Total Education Software [Member] | Identity Automation Systems One [Member]
% of Net Assets	[2]	0.10%	[1],[5]	0.10%	[3],[6]
Fair Value	[2],[4]	$ 244,870	[1],[5]	$ 235,296	[3],[6]
Cost	[2]	171,571	[1],[5]	171,571	[3],[6]
Principal/ Number of Shares	[2]	$ 43,715	[1],[5]	$ 43,715	[3],[6]
Original Acquisition Date	[2]	Mar. 06, 2020	[1],[5]	Mar. 06, 2020	[3],[6]
Total Education Software [Member] | Ready Education [Member]
% of Net Assets	[2]	7.20%	[1],[7]	7.20%	[3]
Fair Value	[2],[4]	$ 26,954,100	[1],[7]	$ 26,792,100	[3]
Cost	[2]	26,819,775	[1],[7]	26,797,063	[3]
Principal/ Number of Shares	[2]	$ 27,000,000	[1],[7]	$ 27,000,000	[3]
Original Acquisition Date	[2]	Aug. 05, 2022	[1],[7]	Aug. 05, 2022	[3]
Total Education Software [Member] | Destiny Solutions Inc. [Member]
% of Net Assets	[2],[3],[6],[10]			2.70%
Fair Value	[2],[3],[4],[6],[10]			$ 9,894,736
Cost	[2],[3],[6],[10]			3,969,291
Principal/ Number of Shares	[2],[3],[6],[10]			$ 3,068
Original Acquisition Date	[2],[3],[6],[10]			May 16, 2018
Total Facilities Maintenance [Member]
% of Net Assets	[2]	0%	[1]	0.10%	[3]
Fair Value	[2],[4]		[1]	$ 231,181	[3]
Cost	[2]	$ 488,148	[1]	$ 488,148	[3]
Total Facilities Maintenance [Member] | TG Pressure Washing Holdings, LLC [Member]
% of Net Assets	[2]	0%	[1],[5]	0.10%	[3],[6]
Fair Value	[2],[4]		[1],[5]	$ 231,181	[3],[6]
Cost	[2]	488,148	[1],[5]	488,148	[3],[6]
Principal/ Number of Shares	[2]	$ 488,148	[1],[5]	$ 488,148	[3],[6]
Original Acquisition Date	[2]	Aug. 12, 2019	[1],[5]	Aug. 12, 2019	[3],[6]
Total Field Service Management [Member]
% of Net Assets	[2]	3.10%	[1]	2.90%	[3]
Fair Value	[2],[4]	$ 11,488,120	[1]	$ 10,708,480	[3]
Cost	[2]	$ 11,477,761	[1]	$ 10,705,638	[3]
Total Field Service Management [Member] | Davisware, LLC [Member]
% of Net Assets	[2]	1.60%	[1]	1.60%	[3]
Fair Value	[2],[4]	$ 6,005,400	[1]	$ 5,989,200	[3]
Cost	[2]	5,999,971	[1]	5,991,382	[3]
Principal/ Number of Shares	[2]	$ 6,000,000	[1]	$ 6,000,000	[3]
Original Acquisition Date	[2]	Sep. 06, 2019	[1]	Sep. 06, 2019	[3]
Total Field Service Management [Member] | Davisware, LLC One [Member]
% of Net Assets	[2]	1.50%	[1]	1.30%	[3],[9]
Fair Value	[2],[4]	$ 5,482,720	[1]	$ 4,719,280	[3],[9]
Cost	[2]	5,477,790	[1]	4,714,256	[3],[9]
Principal/ Number of Shares	[2]	$ 5,477,790	[1]	$ 4,727,790	[3],[9]
Original Acquisition Date	[2]	Sep. 06, 2019	[1]	Sep. 06, 2019	[3],[9]
Total Financial Services [Member]
% of Net Assets	[2]	7.10%	[1]	7.10%	[3]
Fair Value	[2],[4]	$ 26,476,658	[1]	$ 26,275,804	[3]
Cost	[2]	$ 26,147,064	[1]	$ 26,136,433	[3]
Total Financial Services [Member] | GDS Software Holdings, LLC [Member]
% of Net Assets	[2]	6.10%	[1]	6.10%	[3]
Fair Value	[2],[4]	$ 22,709,384	[1]	$ 22,545,843	[3]
Cost	[2]	22,632,532	[1]	22,624,322	[3]
Principal/ Number of Shares	[2]	$ 22,713,926	[1]	$ 22,713,926	[3]
Original Acquisition Date	[2]	Dec. 30, 2021	[1]	Dec. 30, 2021	[3]
Total Financial Services [Member] | GDS Software Holdings, LLC One [Member]
% of Net Assets	[2]	0.90%	[1],[7]	0.90%	[3]
Fair Value	[2],[4]	$ 3,285,416	[1],[7]	$ 3,261,757	[3]
Cost	[2]	3,264,532	[1],[7]	3,262,111	[3]
Principal/ Number of Shares	[2]	$ 3,286,074	[1],[7]	$ 3,286,074	[3]
Original Acquisition Date	[2]	Dec. 30, 2021	[1],[7]	Dec. 30, 2021	[3]
Total Financial Services [Member] | GDS Software Holdings, LLC Two [Member]
% of Net Assets	[2]	0.10%	[1],[5]	0.10%	[3],[6]
Fair Value	[2],[4]	$ 481,858	[1],[5]	$ 468,204	[3],[6]
Cost	[2]	250,000	[1],[5]	250,000	[3],[6]
Principal/ Number of Shares	[2]	$ 250,000	[1],[5]	$ 250,000	[3],[6]
Original Acquisition Date	[2]	Aug. 23, 2018	[1],[5]	Aug. 23, 2018	[3],[6]
Total Financial Services Software [Member]
% of Net Assets	[2]	2.70%	[1]	2.70%	[3]
Fair Value	[2],[4]	$ 10,006,785	[1]	$ 9,916,335	[3]
Cost	[2]	$ 10,000,786	[1]	$ 9,990,834	[3]
Total Financial Services Software [Member] | Ascend Software, LLC [Member]
% of Net Assets	[2]	1.60%	[1]	1.60%	[3]
Fair Value	[2],[4]	$ 5,974,200	[1]	$ 5,920,200	[3]
Cost	[2]	5,967,632	[1]	5,961,680	[3]
Principal/ Number of Shares	[2]	$ 6,000,000	[1]	$ 6,000,000	[3]
Original Acquisition Date	[2]	Dec. 15, 2021	[1]	Dec. 15, 2021	[3]
Total Financial Services Software [Member] | Ascend Software, LLC One [Member]
% of Net Assets	[2]	1.10%	[1],[8]	1.10%	[3],[9]
Fair Value	[2],[4]	$ 4,032,585	[1],[8]	$ 3,996,135	[3],[9]
Cost	[2]	4,033,154	[1],[8]	4,029,154	[3],[9]
Principal/ Number of Shares	[2]	$ 4,050,000	[1],[8]	$ 4,050,000	[3],[9]
Original Acquisition Date	[2]	Dec. 15, 2021	[1],[8]	Dec. 15, 2021	[3],[9]
Total Fire Inspection Business Software [Member]
% of Net Assets	[2]	2.70%	[1]	2.70%	[3]
Fair Value	[2],[4]	$ 10,156,000	[1]	$ 9,916,000	[3]
Cost	[2]	$ 9,913,859	[1]	$ 9,908,861	[3]
Total Fire Inspection Business Software [Member] | Inspect Point Holdings, LLC [Member]
% of Net Assets	[2]	2.70%	[1]	2.70%	[3]
Fair Value	[2],[4]	$ 10,156,000	[1]	$ 9,916,000	[3]
Cost	[2]	9,913,859	[1]	9,908,861	[3]
Principal/ Number of Shares	[2]	$ 10,000,000	[1]	$ 10,000,000	[3]
Original Acquisition Date	[2]	Jul. 19, 2023	[1]	Jul. 19, 2023	[3]
Total Fire Inspection Business Software [Member] | Inspect Point Holdings, LLC One [Member]
% of Net Assets	[2]	0%	[1],[8]	0%	[3],[9]
Fair Value	[2]		[1],[4],[8]		[3],[9]
Cost	[2]		[1],[8]		[3],[9]
Principal/ Number of Shares	[2]		[1],[8]		[3],[9]
Original Acquisition Date	[2]	Jul. 19, 2023	[1],[8]	Jul. 19, 2023	[3],[9]
Total Health/Fitness Franchisor [Member]
% of Net Assets	[2]	8.50%	[1]	8.70%	[3]
Fair Value	[2],[4]	$ 31,444,467	[1]	$ 32,032,331	[3]
Cost	[2]	$ 30,483,838	[1]	$ 31,740,931	[3]
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC [Member]
% of Net Assets	[2]	7.90%	[1],[7]	8.10%	[3]
Fair Value	[2],[4]	$ 29,214,080	[1],[7]	$ 29,970,000	[3]
Cost	[2]	28,483,838	[1],[7]	29,740,931	[3]
Principal/ Number of Shares	[2]	$ 28,717,271	[1],[7]	$ 30,000,000	[3]
Original Acquisition Date	[2]	Mar. 31, 2023	[1],[7]	Mar. 31, 2023	[3]
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC One [Member]
% of Net Assets	[2]	0%	[1],[8]	0%	[3],[9]
Fair Value	[2]		[1],[4],[8]		[3],[9]
Cost	[2]		[1],[8]		[3],[9]
Principal/ Number of Shares	[2]		[1],[8]		[3],[9]
Original Acquisition Date	[2]	Mar. 31, 2023	[1],[8]	Mar. 31, 2023	[3],[9]
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC Two [Member]
% of Net Assets	[2]	0.60%	[1],[5]	0.60%	[3],[6]
Fair Value	[2],[4]	$ 2,230,387	[1],[5]	$ 2,062,331	[3],[6]
Cost	[2]	2,000,000	[1],[5]	2,000,000	[3],[6]
Principal/ Number of Shares	[2]	$ 20,000	[1],[5]	$ 20,000	[3],[6]
Original Acquisition Date	[2]	Mar. 31, 2023	[1],[5]	Mar. 31, 2023	[3],[6]
Total Healthcare Services [Member]
% of Net Assets	[2]	18.60%	[1]	14.10%	[3]
Fair Value	[2],[4]	$ 68,733,946	[1]	$ 51,094,111	[3]
Cost	[2]	$ 67,110,810	[1]	$ 50,329,442	[3]
Total Healthcare Services [Member] | Alpha Aesthetics Partners OpCo, LLC [Member]
% of Net Assets	[2]	1.20%	[1]	1.20%	[3]
Fair Value	[2],[4]	$ 3,978,000	[1]	$ 3,959,670	[3]
Cost	[2]	3,852,226	[1]	3,847,845	[3]
Principal/ Number of Shares	[2]	$ 3,900,000	[1]	$ 3,900,000	[3]
Original Acquisition Date	[2]	Mar. 20, 2023	[1]	Mar. 20, 2023	[3]
Total Healthcare Services [Member] | Alpha Aesthetics Partners OpCo, LLC One [Member]
% of Net Assets	[2]	3.10%	[1],[8]	2.40%	[3],[9]
Fair Value	[2],[4]	$ 11,421,705	[1],[8]	$ 8,731,580	[3],[9]
Cost	[2]	11,050,714	[1],[8]	8,482,841	[3],[9]
Principal/ Number of Shares	[2]		[1],[8]	$ 8,600,000	[3],[9]
Original Acquisition Date	[2]	Mar. 20, 2023	[1],[8]	Mar. 20, 2023	[3],[9]
Total Healthcare Services [Member] | Alpha Aesthetics Partners OpCo, LLC Two [Member]
% of Net Assets	[2]	0.80%	[1],[5]	0.80%	[3],[6]
Fair Value	[2],[4]	$ 3,152,776	[1],[5]	$ 2,859,121	[3],[6]
Cost	[2]	3,175,000	[1],[5]	2,850,000	[3],[6]
Principal/ Number of Shares	[2]	$ 3,175,000	[1],[5]	$ 2,850,000	[3],[6]
Original Acquisition Date	[2]	Mar. 20, 2023	[1],[5]	Mar. 20, 2023	[3],[6]
Total Healthcare Services [Member] | Axiom Medical Consulting, LLC [Member]
% of Net Assets	[2]	2.70%	[1]	2.70%	[3]
Fair Value	[2],[4]	$ 10,086,000	[1]	$ 9,913,000	[3]
Cost	[2]	9,923,496	[1]	9,917,367	[3]
Principal/ Number of Shares	[2]	$ 10,000,000	[1]	$ 10,000,000	[3]
Original Acquisition Date	[2]	Sep. 11, 2023	[1]	Sep. 11, 2023	[3]
Total Healthcare Services [Member] | Axiom Medical Consulting, LLC One [Member]
% of Net Assets	[2]	0%	[1],[8]	0%	[3],[9]
Fair Value	[2],[4]		[1],[8]		[3],[9]
Cost	[2]		[1],[8]		[3],[9]
Principal/ Number of Shares	[2]		[1],[8]		[3],[9]
Original Acquisition Date	[2]	Sep. 11, 2023	[1],[8]	Sep. 11, 2023	[3],[9]
Total Healthcare Services [Member] | Axiom Parent Holdings, LLC [Member]
% of Net Assets	[2]	0.20%	[1],[5]	0.20%	[3],[6]
Fair Value	[2],[4]	$ 565,065	[1],[5]	$ 630,740	[3],[6]
Cost	[2]	258,389	[1],[5]	258,389	[3],[6]
Principal/ Number of Shares	[2]	$ 400,000	[1],[5]	$ 400,000	[3],[6]
Original Acquisition Date	[2]	Jun. 19, 2018	[1],[5]	Jun. 19, 2018	[3],[6]
Total Healthcare Services [Member] | ComForCare Health Care [Member]
% of Net Assets	[2],[7]	10.60%	[1]	6.80%	[3]
Fair Value	[2],[4],[7]	$ 39,530,400	[1]	$ 25,000,000	[3]
Cost	[2],[7]	38,850,985	[1]	24,973,000	[3]
Principal/ Number of Shares	[2],[7]	$ 39,000,000	[1]	$ 25,000,000	[3]
Original Acquisition Date	[2],[7]	Jan. 31, 2017	[1]	Jan. 31, 2017	[3]
Total Healthcare Software [Member]
% of Net Assets	[2]	32.60%	[1]	32.50%	[3]
Fair Value	[2],[4]	$ 121,618,391	[1]	$ 120,496,489	[3]
Cost	[2]	$ 115,768,192	[1]	$ 116,918,187	[3]
Total Healthcare Software [Member] | Invita (fka HemaTerra Holding Company, LLC) [Member]
% of Net Assets	[1],[2],[7]	14.50%
Fair Value	[1],[2],[4],[7]	$ 54,082,115
Cost	[1],[2],[7]	53,671,530
Principal/ Number of Shares	[1],[2],[7]	$ 53,931,108
Original Acquisition Date	[1],[2],[7]	Apr. 15, 2019
Total Healthcare Software [Member] | Invita (fka HemaTerra Holding Company, LLC) One [Member]
% of Net Assets	[1],[2]	3.60%
Fair Value	[1],[2],[4]	$ 13,544,107
Cost	[1],[2]	13,471,579
Principal/ Number of Shares	[1],[2]	$ 13,506,289
Original Acquisition Date	[1],[2]	Apr. 15, 2019
Total Healthcare Software [Member] | Invita (fkaTRC HemaTerra, LLC) [Member]
% of Net Assets	[1],[2],[5]	2.20%
Fair Value	[1],[2],[4],[5]	$ 8,101,932
Cost	[1],[2],[5]	2,816,693
Principal/ Number of Shares	[1],[2],[5]	$ 2,487
Original Acquisition Date	[1],[2],[5]	Apr. 15, 2019
Total Healthcare Software [Member] | Procurement Partners, LLC [Member]
% of Net Assets	[2]	9.40%	[1]	9.50%	[3]
Fair Value	[2],[4]	$ 35,125,000	[1]	$ 35,125,000	[3]
Cost	[2]	34,994,211	[1]	34,965,458	[3]
Principal/ Number of Shares	[2]	$ 35,125,000	[1]	$ 35,125,000	[3]
Original Acquisition Date	[2]	Nov. 12, 2020	[1]	Nov. 12, 2020	[3]
Total Healthcare Software [Member] | Procurement Partners, LLC One [Member]
% of Net Assets	[2]	2.80%	[1],[8]	2.80%	[3],[9]
Fair Value	[2],[4]	$ 10,300,000	[1],[8]	$ 10,300,000	[3],[9]
Cost	[2]	10,242,960	[1],[8]	10,230,001	[3],[9]
Principal/ Number of Shares	[2]	$ 10,300,000	[1],[8]	$ 10,300,000	[3],[9]
Original Acquisition Date	[2]	Nov. 12, 2020	[1],[8]	Nov. 12, 2020	[3],[9]
Total Healthcare Software [Member] | Procurement Partners Holdings LLC [Member]
% of Net Assets	[2]	0.10%	[1],[5]	0.20%	[3],[6]
Fair Value	[2],[4]	$ 465,237	[1],[5]	$ 826,280	[3],[6]
Cost	[2]	571,219	[1],[5]	571,219	[3],[6]
Principal/ Number of Shares	[2]	$ 571,219	[1],[5]	$ 571,219	[3],[6]
Original Acquisition Date	[2]	Nov. 12, 2020	[1],[5]	Nov. 12, 2020	[3],[6]
Total Healthcare Software [Member] | HemaTerra Holding Company, LLC [Member]
% of Net Assets	[2],[3],[7]			14.90%
Fair Value	[2],[3],[4],[7]			$ 55,087,003
Cost	[2],[3],[7]			54,624,303
Principal/ Number of Shares	[2],[3],[7]			$ 54,927,713
Original Acquisition Date	[2],[3],[7]			Apr. 15, 2019
Total Healthcare Software [Member] | HemaTerra Holding Company, LLC One [Member]
% of Net Assets	[2],[3]			3.70%
Fair Value	[2],[3],[4]			$ 13,795,767
Cost	[2],[3]			13,710,513
Principal/ Number of Shares	[2],[3]			$ 13,755,875
Original Acquisition Date	[2],[3]			Apr. 15, 2019
Total Healthcare Software [Member] | TRC HemaTerra, LLC [Member]
% of Net Assets	[2],[3],[6]			1.40%
Fair Value	[2],[3],[4],[6]			$ 5,362,439
Cost	[2],[3],[6]			2,816,693
Principal/ Number of Shares	[2],[3],[6]			$ 2,487
Original Acquisition Date	[2],[3],[6]			Apr. 15, 2019
Total Healthcare Supply [Member]
% of Net Assets	[2]	0%	[1]	0%	[3]
Fair Value	[2],[4]		[1]		[3]
Cost	[2]	$ 508,077	[1]	$ 508,077	[3]
Total Healthcare Supply [Member] | Roscoe Medical, Inc. [Member]
% of Net Assets	[2]	0%	[1],[5]	0%	[3],[6]
Fair Value	[2],[4]		[1],[5]		[3],[6]
Cost	[2]	508,077	[1],[5]	508,077	[3],[6]
Principal/ Number of Shares	[2]	$ 5,081	[1],[5]	$ 5,081	[3],[6]
Original Acquisition Date	[2]	Mar. 26, 2014	[1],[5]	Mar. 26, 2014	[3],[6]
Total Hospitality/Hotel [Member]
% of Net Assets	[2]	5.50%	[1]	11.10%	[3]
Fair Value	[2],[4]	$ 20,488,826	[1]	$ 41,447,199	[3]
Cost	[2]	$ 23,150,241	[1]	$ 43,983,696	[3]
Total Hospitality/Hotel [Member] | Knowland Group, LLC [Member]
% of Net Assets	[2]	5.50%	[1]	3.40%	[3],[13]
Fair Value	[2],[4]	$ 20,488,826	[1]	$ 12,642,851	[3],[13]
Cost	[2]	23,150,241	[1]	15,878,989	[3],[13]
Principal/ Number of Shares	[2]	$ 23,150,241	[1]	$ 15,878,989	[3],[13]
Original Acquisition Date	[2]	Nov. 09, 2018	[1]	Nov. 09, 2018	[3],[13]
Total Hospitality/Hotel [Member] | Book4Time, Inc. [Member]
% of Net Assets	[2],[3],[7],[15]			0.80%
Fair Value	[2],[3],[4],[7],[15]			$ 3,136,517
Cost	[2],[3],[7],[15]			3,122,542
Principal/ Number of Shares	[2],[3],[7],[15]			$ 3,136,517
Original Acquisition Date	[2],[3],[7],[15]			Dec. 22, 2020
Total Hospitality/Hotel [Member] | Book4Time, Inc. One [Member]
% of Net Assets	[2],[3],[15]			0.50%
Fair Value	[2],[3],[4],[15]			$ 2,000,000
Cost	[2],[3],[15]			1,989,839
Principal/ Number of Shares	[2],[3],[15]			$ 2,000,000
Original Acquisition Date	[2],[3],[15]			Dec. 22, 2020
Total Hospitality/Hotel [Member] | Book4Time, Inc. Two [Member]
% of Net Assets	[2],[3],[6],[10],[15]			0.10%
Fair Value	[2],[3],[4],[6],[10],[15]			$ 389,531
Cost	[2],[3],[6],[10],[15]			156,826
Principal/ Number of Shares	[2],[3],[6],[10],[15]			$ 200,000
Original Acquisition Date	[2],[3],[6],[10],[15]			Dec. 22, 2020
Total Hospitality/Hotel [Member] | Sceptre Hospitality Resources, LLC [Member]
% of Net Assets	[2],[3]			6.30%
Fair Value	[2],[3],[4]			$ 23,278,300
Cost	[2],[3]			22,835,500
Principal/ Number of Shares	[2],[3]			$ 23,000,000
Original Acquisition Date	[2],[3]			Apr. 27, 2020
Total Hospitality/Hotel [Member] | Sceptre Hospitality Resources, LLC One [Member]
% of Net Assets	[2],[3],[9]			0%
Fair Value	[1],[2],[3],[4],[8],[9]
Cost	[1],[2],[3],[8],[9]
Principal/ Number of Shares	[1],[2],[3],[8],[9]
Original Acquisition Date	[2],[3],[9]			Sep. 02, 2021
Total HVAC Services and Sales [Member]
% of Net Assets	[2]	16%	[1]	16%	[3]
Fair Value	[2],[4]	$ 59,213,726	[1]	$ 59,207,805	[3]
Cost	[2]	$ 58,884,125	[1]	$ 58,841,345	[3]
Total HVAC Services and Sales [Member] | Granite Comfort, LP [Member]
% of Net Assets	[2],[7]	11.60%	[1]	11.60%	[3]
Fair Value	[2],[4],[7]	$ 43,004,300	[1]	$ 43,000,000	[3]
Cost	[2],[7]	42,808,235	[1]	42,781,757	[3]
Principal/ Number of Shares	[2],[7]	$ 43,000,000	[1]	$ 43,000,000	[3]
Original Acquisition Date	[2],[7]	Nov. 16, 2020	[1]	Nov. 16, 2020	[3]
Total HVAC Services and Sales [Member] | Granite Comfort, LP One [Member]
% of Net Assets	[2]	4.40%	[1],[7],[8]	4.40%	[3],[9]
Fair Value	[2],[4]	$ 16,209,426	[1],[7],[8]	$ 16,207,805	[3],[9]
Cost	[2]	16,075,890	[1],[7],[8]	16,059,588	[3],[9]
Principal/ Number of Shares	[2]	$ 16,207,805	[1],[7],[8]	$ 16,207,805	[3],[9]
Original Acquisition Date	[2]	Nov. 16, 2020	[1],[7],[8]	Nov. 16, 2020	[3],[9]
Total Industrial Products [Member]
% of Net Assets	[2]	2.30%	[1]	2.40%	[3]
Fair Value	[2],[4]	$ 8,542,810	[1]	$ 9,095,121	[3]
Cost	[2]	$ 307,962	[1]	$ 923,886	[3]
Total Industrial Products [Member] | Vector Controls Holding Co., LLC [Member]
% of Net Assets	[2],[7]	0.10%	[1]	0.20%	[3]
Fair Value	[2],[4],[7]	$ 307,962	[1]	$ 923,886	[3]
Cost	[2],[7]	307,962	[1]	923,886	[3]
Principal/ Number of Shares	[2],[7]	$ 307,962	[1]	$ 923,886	[3]
Original Acquisition Date	[2],[7]	Mar. 06, 2013	[1]	Mar. 06, 2013	[3]
Total Industrial Products [Member] | Vector Controls Holding Co., LLC One [Member]
% of Net Assets	[2]	2.20%	[1],[5]	2.20%	[3],[6]
Fair Value	[2],[4]	$ 8,234,848	[1],[5]	$ 8,171,235	[3],[6]
Cost	[1],[2],[5]		[4]		[3],[6]
Principal/ Number of Shares	[2]	$ 343	[1],[5]	$ 343	[3],[6]
Original Acquisition Date	[2]	May 31, 2015	[1],[5]	May 31, 2015	[3],[6]
Total Insurance Software [Member]
% of Net Assets	[2]	5.40%	[1]	5.40%	[3]
Fair Value	[2],[4]	$ 20,155,090	[1]	$ 19,821,100	[3]
Cost	[2]	$ 18,131,751	[1]	$ 18,186,250	[3]
Total Insurance Software [Member] | AgencyBloc, LLC [Member]
% of Net Assets	[2]	4.20%	[1]	4.30%	[3]
Fair Value	[2],[4]	$ 15,732,514	[1]	$ 15,806,231	[3]
Cost	[2]	15,631,751	[1]	15,686,250	[3]
Principal/ Number of Shares	[2]	$ 15,715,227	[1]	$ 15,788,864	[3]
Original Acquisition Date	[2]	Oct. 01, 2021	[1]	Oct. 01, 2021	[3]
Total Insurance Software [Member] | Panther ParentCo LLC [Member]
% of Net Assets	[2]	1.20%	[1],[5]	1.10%	[3],[6]
Fair Value	[2],[4]	$ 4,422,576	[1],[5]	$ 4,014,869	[3],[6]
Cost	[2]	2,500,000	[1],[5]	2,500,000	[3],[6]
Principal/ Number of Shares	[2]	$ 2,500,000	[1],[5]	$ 2,500,000	[3],[6]
Original Acquisition Date	[2]	Oct. 01, 2021	[1],[5]	Oct. 01, 2021	[3],[6]
Total IT Services [Member]
% of Net Assets	[2]	11.60%	[1]	11.60%	[3]
Fair Value	[2],[4]	$ 43,000,000	[1]	$ 43,000,000	[3]
Cost	[2]	$ 42,967,165	[1]	$ 42,967,165	[3]
Total IT Services [Member] | LogicMonitor, Inc. [Member]
% of Net Assets	[2],[7]	11.60%	[1]	11.60%	[3]
Fair Value	[2],[4],[7]	$ 43,000,000	[1]	$ 43,000,000	[3]
Cost	[2],[7]	42,967,165	[1]	42,967,165	[3]
Principal/ Number of Shares	[2],[7]	$ 43,000,000	[1]	$ 43,000,000	[3]
Original Acquisition Date	[2],[7]	Mar. 20, 2020	[1]	Mar. 20, 2020	[3]
Total IT Services [Member] | Netreo Holdings, LLC [Member]
% of Net Assets	[2],[3],[16]			1.50%
Fair Value	[2],[3],[4],[16]			$ 5,582,719
Cost	[2],[3],[16]			5,686,791
Principal/ Number of Shares	[2],[3],[16]			$ 5,693,748
Original Acquisition Date	[2],[3],[16]			Jul. 03, 2018
Total IT Services [Member] | Netreo Holdings, LLC One [Member]
% of Net Assets	[2],[3],[16]			6.70%
Fair Value	[2],[3],[4],[16]			$ 24,778,425
Cost	[2],[3],[16]			25,193,452
Principal/ Number of Shares	[2],[3],[16]			$ 25,271,214
Original Acquisition Date	[2],[3],[16]			May 26, 2020
Total IT Services [Member] | Netreo Holdings, LLC Two [Member]
% of Net Assets	[2],[3],[6],[16]			1.40%
Fair Value	[2],[3],[4],[6],[16]			$ 5,060,745
Cost	[2],[3],[6],[16]			8,344,500
Principal/ Number of Shares	[2],[3],[6],[16]			$ 4,600,677
Original Acquisition Date	[2],[3],[6],[16]			Jul. 03, 2018
Total Lead Management Software [Member]
% of Net Assets	[2]	3.10%	[1]	3.30%	[3]
Fair Value	[2],[4]	$ 11,640,880	[1]	$ 12,120,000	[3]
Cost	[2]	$ 11,456,675	[1]	$ 11,920,834	[3]
Total Lead Management Software [Member] | ActiveProspect, Inc. [Member]
% of Net Assets	[2],[7]	3.10%	[1]	3.30%	[3]
Fair Value	[2],[4],[7]	$ 11,640,880	[1]	$ 12,120,000	[3]
Cost	[2],[7]	11,456,675	[1]	11,920,834	[3]
Principal/ Number of Shares	[2],[7]	$ 11,525,624	[1]	$ 12,000,000	[3]
Original Acquisition Date	[2],[7]	Aug. 08, 2022	[1]	Aug. 08, 2022	[3]
Total Lead Management Software [Member] | ActiveProspect, Inc. One [Member]
% of Net Assets	[2]	0%	[1],[8]	0%	[3],[9]
Fair Value	[1],[2],[4],[8]				[3],[9]
Cost	[1],[2],[8]				[3],[9]
Principal/ Number of Shares	[1],[2],[8]				[3],[9]
Original Acquisition Date	[2]	Aug. 08, 2022	[1],[8]	Aug. 08, 2022	[3],[9]
Total Marketing Orchestration Software [Member]
% of Net Assets	[1],[2]	4.90%		5%
Fair Value	[1],[2],[4]	$ 18,345,973		$ 18,420,006
Cost	[1],[2]	$ 18,477,484		$ 18,544,720
Total Marketing Orchestration Software [Member] | Madison Logic, Inc. [Member]
% of Net Assets	[2],[7]	4.90%	[1]	5%	[3]
Fair Value	[2],[4],[7]	$ 18,345,973	[1]	$ 18,420,006	[3]
Cost	[2],[7]	18,477,484	[1]	18,544,720	[3]
Principal/ Number of Shares	[2],[7]	$ 18,762,500	[1]	$ 18,857,500	[3]
Original Acquisition Date	[2],[7]	Dec. 30, 2022	[1]	Dec. 30, 2022	[3]
Total Mental Healthcare Services [Member]
% of Net Assets	[2]	9.10%	[1]	10.20%	[3]
Fair Value	[2],[4]	$ 33,807,270	[1]	$ 37,377,120	[3]
Cost	[2]	$ 37,519,217	[1]	$ 37,512,347	[3]
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC [Member]
% of Net Assets	[2],[7]	1.70%	[1]	1.80%	[3]
Fair Value	[2],[4],[7]	$ 6,271,850	[1]	$ 6,490,900	[3]
Cost	[2],[7]	6,444,219	[1]	6,438,832	[3]
Principal/ Number of Shares	[2],[7]	$ 6,500,000	[1]	$ 6,500,000	[3]
Original Acquisition Date	[2],[7]	Aug. 05, 2022	[1]	Aug. 05, 2022	[3]
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC One [Member]
% of Net Assets	[2],[7]	7%	[1]	7.30%	[3],[9]
Fair Value	[2],[4],[7]	$ 25,969,875	[1]	$ 26,876,897	[3],[9]
Cost	[2],[7]	26,905,399	[1]	26,903,916	[3],[9]
Principal/ Number of Shares	[2],[7]	$ 22,377,827	[1]	$ 26,914,577	[3],[9]
Original Acquisition Date	[2],[7]	Aug. 05, 2022	[1]	Aug. 05, 2022	[3],[9]
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC Two [Member]
% of Net Assets	[2]	0.40%	[1],[5]	1.10%	[3],[6]
Fair Value	[2],[4]	$ 1,565,545	[1],[5]	$ 4,009,323	[3],[6]
Cost	[2]	4,169,599	[1],[5]	4,169,599	[3],[6]
Principal/ Number of Shares	[2]	$ 3,818,400	[1],[5]	$ 3,818,400	[3],[6]
Original Acquisition Date	[2]	Aug. 05, 2022	[1],[5]	Aug. 05, 2022	[3],[6]
Total Mentoring Software [Member]
% of Net Assets	[2]	5.90%	[1]	5.90%	[3]
Fair Value	[2],[4]	$ 22,211,887	[1]	$ 22,068,881	[3]
Cost	[2]	$ 22,896,357	[1]	$ 22,874,859	[3]
Total Mentoring Software [Member] | Chronus LLC [Member]
% of Net Assets	[2]	4%	[1]	4%	[3]
Fair Value	[2],[4]	$ 14,980,500	[1]	$ 14,841,000	[3]
Cost	[2]	14,928,228	[1]	14,911,921	[3]
Principal/ Number of Shares	[2]	$ 15,000,000	[1]	$ 15,000,000	[3]
Original Acquisition Date	[2]	Aug. 26, 2021	[1]	Aug. 26, 2021	[3]
Total Mentoring Software [Member] | Chronus LLC One [Member]
% of Net Assets	[2]	1.30%	[1],[7]	1.30%	[3]
Fair Value	[2],[4]	$ 4,993,500	[1],[7]	$ 4,947,000	[3]
Cost	[2]	4,968,129	[1],[7]	4,962,938	[3]
Principal/ Number of Shares	[2]	$ 5,000,000	[1],[7]	$ 5,000,000	[3]
Original Acquisition Date	[2]	Aug. 26, 2021	[1],[7]	Aug. 26, 2021	[3]
Total Mentoring Software [Member] | Chronus LLC Two [Member]
% of Net Assets	[2]	0.60%	[1],[5]	0.60%	[3],[6]
Fair Value	[2],[4]	$ 2,237,887	[1],[5]	$ 2,280,881	[3],[6]
Cost	[2]	3,000,000	[1],[5]	3,000,000	[3],[6]
Principal/ Number of Shares	[2]	$ 3,000	[1],[5]	$ 3,000	[3],[6]
Original Acquisition Date	[2]	Aug. 26, 2021	[1],[5]	Aug. 26, 2021	[3],[6]
Total Non-profit Services [Member]
% of Net Assets	[2]	4.40%	[1]	4.40%	[3]
Fair Value	[2],[4]	$ 16,417,887	[1]	$ 16,266,938	[3]
Cost	[2]	$ 16,318,356	[1]	$ 16,239,922	[3]
Total Non-profit Services [Member] | Omatic Software, LLC [Member]
% of Net Assets	[2]	4.40%	[1],[7]	4.40%	[3]
Fair Value	[2],[4]	$ 16,417,887	[1],[7]	$ 16,266,938	[3]
Cost	[2]	16,318,356	[1],[7]	16,239,922	[3]
Principal/ Number of Shares	[2]	$ 16,339,458	[1],[7]	$ 16,270,192	[3]
Original Acquisition Date	[2]	May 29, 2018	[1],[7]	May 29, 2018	[3]
Total Office Supplies [Member]
% of Net Assets	[2]	1.40%	[1]	1.90%	[3]
Fair Value	[2],[4]	$ 5,173,626	[1]	$ 7,180,874	[3]
Cost	[2]	$ 4,395,783	[1]	$ 6,392,437	[3]
Total Office Supplies [Member] | Emily Street Enterprises, L.L.C. [Member]
% of Net Assets	[2]	1.10%	[1],[7]	1.60%	[3]
Fair Value	[2],[4]	$ 4,001,600	[1],[7]	$ 6,027,000	[3]
Cost	[2]	3,995,783	[1],[7]	5,992,437	[3]
Principal/ Number of Shares	[2]	$ 4,000,000	[1],[7]	$ 6,000,000	[3]
Original Acquisition Date	[2]	Dec. 28, 2012	[1],[7]	Dec. 28, 2012	[3]
Total Office Supplies [Member] | Emily Street Enterprises, L.L.C. One [Member]
% of Net Assets	[2]	0.30%	[1],[5]	0.30%	[3],[6]
Fair Value	[2],[4]	$ 1,172,026	[1],[5]	$ 1,153,874	[3],[6]
Cost	[2]	400,000	[1],[5]	400,000	[3],[6]
Principal/ Number of Shares	[2]	$ 49,318	[1],[5]	$ 49,318	[3],[6]
Original Acquisition Date	[2]	Dec. 28, 2012	[1],[5]	Dec. 28, 2012	[3],[6]
Total Real Estate Services [Member]
% of Net Assets	[2]	14.10%	[1]	14.10%	[3]
Fair Value	[2],[4]	$ 52,235,733	[1]	$ 52,350,445	[3]
Cost	[2]	$ 53,727,006	[1]	$ 53,665,591	[3]
Total Real Estate Services [Member] | Buildout, Inc. [Member]
% of Net Assets	[2],[7]	3.70%	[1]	3.70%	[3]
Fair Value	[2],[4],[7]	$ 13,633,200	[1]	$ 13,631,800	[3]
Cost	[2],[7]	13,964,540	[1]	13,950,236	[3]
Principal/ Number of Shares	[2],[7]	$ 14,000,000	[1]	$ 14,000,000	[3]
Original Acquisition Date	[2],[7]	Jul. 09, 2020	[1]	Jul. 09, 2020	[3]
Total Real Estate Services [Member] | Buildout, Inc. One [Member]
% of Net Assets	[2]	10.10%	[1]	10.10%	[3]
Fair Value	[2],[4]	$ 37,491,300	[1]	$ 37,487,450	[3]
Cost	[2]	38,389,909	[1]	38,342,798	[3]
Principal/ Number of Shares	[2]	$ 38,500,000	[1]	$ 38,500,000	[3]
Original Acquisition Date	[2]	Feb. 12, 2021	[1]	Feb. 12, 2021	[3]
Total Real Estate Services [Member] | Buildout, Inc. Two [Member]
% of Net Assets	[2],[10]	0.30%	[1],[5]	0.30%	[3],[6]
Fair Value	[2],[4],[10]	$ 1,111,233	[1],[5]	$ 1,231,195	[3],[6]
Cost	[2],[10]	1,372,557	[1],[5]	1,372,557	[3],[6]
Principal/ Number of Shares	[2],[10]	$ 1,250	[1],[5]	$ 1,250	[3],[6]
Original Acquisition Date	[2],[10]	Jul. 09, 2020	[1],[5]	Jul. 09, 2020	[3],[6]
Total Research Software [Member]
% of Net Assets	[2]	7.10%	[1]	7.20%	[3]
Fair Value	[2],[4]	$ 26,345,813	[1]	$ 26,254,706	[3]
Cost	[2]	$ 26,192,639	[1]	$ 26,176,748	[3]
Total Research Software [Member] | Wellspring Worldwide Inc. [Member]
% of Net Assets	[2]	2.60%	[1]	2.60%	[3]
Fair Value	[2],[4]	$ 9,552,000	[1]	$ 9,483,226	[3]
Cost	[2]	9,478,239	[1]	9,474,084	[3]
Principal/ Number of Shares	[2]	$ 9,552,000	[1]	$ 9,552,000	[3]
Original Acquisition Date	[2]	Jun. 27, 2022	[1]	Jun. 27, 2022	[3]
Total Research Software [Member] | Wellspring Worldwide Inc. One [Member]
% of Net Assets	[2]	3.90%	[1]	3.90%	[3]
Fair Value	[2],[4]	$ 14,400,000	[1]	$ 14,296,320	[3]
Cost	[2]	14,239,240	[1]	14,227,504	[3]
Principal/ Number of Shares	[2]	$ 14,400,000	[1]	$ 14,400,000	[3]
Original Acquisition Date	[2]	Jun. 27, 2022	[1]	Jun. 27, 2022	[3]
Total Research Software [Member] | Archimedes Parent LLC [Member]
% of Net Assets	[2]	0.60%	[1],[5]	0.70%	[3],[6]
Fair Value	[2],[4]	$ 2,393,813	[1],[5]	$ 2,475,160	[3],[6]
Cost	[2]	2,475,160	[1],[5]	2,475,160	[3],[6]
Principal/ Number of Shares	[2]	$ 2,475,160	[1],[5]	$ 2,475,160	[3],[6]
Original Acquisition Date	[2]	Jun. 27, 2022	[1],[5]	Jun. 27, 2022	[3],[6]
Total Restaurant [Member]
% of Net Assets	[2]	8.50%	[1]	6.20%	[3]
Fair Value	[2],[4]	$ 31,473,584	[1]	$ 22,580,272	[3]
Cost	[2]	$ 30,791,797	[1]	$ 21,861,817	[3]
Total Restaurant [Member] | LFR Chicken LLC [Member]
% of Net Assets	[2]	3.30%	[1]	3.30%	[3]
Fair Value	[2],[4]	$ 12,120,000	[1]	$ 12,104,400	[3]
Cost	[2]	11,939,440	[1]	11,926,272	[3]
Principal/ Number of Shares	[2]	$ 12,000,000	[1]	$ 12,000,000	[3]
Original Acquisition Date	[2]	Nov. 19, 2021	[1]	Nov. 19, 2021	[3]
Total Restaurant [Member] | LFR Chicken LLC One [Member]
% of Net Assets	[2]	4.90%	[1],[8]	2.50%	[3]
Fair Value	[2],[4]	$ 18,180,000	[1],[8]	$ 9,078,300	[3]
Cost	[2]	17,852,357	[1],[8]	8,935,545	[3]
Principal/ Number of Shares	[2]	$ 18,000,000	[1],[8]	$ 9,000,000	[3]
Original Acquisition Date	[2]	Nov. 19, 2021	[1],[8]	Nov. 19, 2021	[3]
Total Restaurant [Member] | LFR Chicken LLC Two [Member]
% of Net Assets	[2]	0.30%	[1],[5]	0.40%	[3],[6]
Fair Value	[2],[4]	$ 1,173,584	[1],[5]	$ 1,397,572	[3],[6]
Cost	[2]	1,000,000	[1],[5]	1,000,000	[3],[6]
Principal/ Number of Shares	[2]	$ 497,183	[1],[5]	$ 497,183	[3],[6]
Original Acquisition Date	[2]	Nov. 19, 2021	[1],[5]	Nov. 19, 2021	[3],[6]
Total Roofing Contractor Software [Member]
% of Net Assets	[2]	5.10%	[1]	5.10%	[3]
Fair Value	[2],[4]	$ 19,004,802	[1]	$ 19,014,055	[3]
Cost	[2]	$ 18,560,628	[1]	$ 18,624,294	[3]
Total Roofing Contractor Software [Member] | JobNimbus LLC [Member]
% of Net Assets	[2]	5.10%	[1]	5.10%	[3]
Fair Value	[2],[4]	$ 19,004,802	[1]	$ 19,014,055	[3]
Cost	[2]	18,560,628	[1]	18,624,294	[3]
Principal/ Number of Shares	[2]	$ 18,683,447	[1]	$ 18,777,459	[3]
Original Acquisition Date	[2]	Mar. 28, 2023	[1]	Mar. 28, 2023	[3]
Total Staffing Services [Member]
% of Net Assets	[2]	1%	[1]	0.90%	[3]
Fair Value	[2],[4]	$ 3,632,002	[1]	$ 3,287,970	[3]
Cost	[2]	$ 100,000	[1]	$ 100,000	[3]
Total Staffing Services [Member] | Avionte Holdings, LLC [Member]
% of Net Assets	[2]	1%	[1],[5]	0.90%	[3],[6]
Fair Value	[2],[4]	$ 3,632,002	[1],[5]	$ 3,287,970	[3],[6]
Cost	[2]	100,000	[1],[5]	100,000	[3],[6]
Principal/ Number of Shares	[2]	$ 100,000	[1],[5]	$ 100,000	[3],[6]
Original Acquisition Date	[2]	Jan. 08, 2014	[1],[5]	Jan. 08, 2014	[3],[6]
Total Talent Acquisition Software [Member]
% of Net Assets	[1],[2]	7.30%		7.50%
Fair Value	[1],[2],[4]	$ 27,457,000		$ 26,896,000
Cost	[1],[2]	$ 27,339,387		$ 26,822,857
Total Talent Acquisition Software [Member] | JDXpert [Member]
% of Net Assets	[2]	1.60%	[1]	1.60%	[3]
Fair Value	[2],[4]	$ 6,060,000	[1]	$ 6,060,000	[3]
Cost	[2]	5,960,315	[1]	5,955,935	[3]
Principal/ Number of Shares	[2]	$ 6,000,000	[1]	$ 6,000,000	[3]
Original Acquisition Date	[2]	May 02, 2022	[1]	May 02, 2022	[3]
Total Talent Acquisition Software [Member] | JDXpert One [Member]
% of Net Assets	[2]	0.30%	[1]	0.30%	[3],[9]
Fair Value	[2],[4]	$ 1,010,000	[1]	$ 1,010,000	[3],[9]
Cost	[2]	992,302	[1]	991,649	[3],[9]
Principal/ Number of Shares	[2]	$ 1,000,000	[1]	$ 1,000,000	[3],[9]
Original Acquisition Date	[2]	May 02, 2022	[1]	May 02, 2022	[3],[9]
Total Talent Acquisition Software [Member] | JDXpert Two [Member]
% of Net Assets	[1],[2],[8]	0.10%
Fair Value	[1],[2],[4],[8]	$ 505,000
Cost	[1],[2],[8]	495,212
Principal/ Number of Shares	[1],[2],[8]	$ 500,000
Original Acquisition Date	[1],[2],[8]	Mar. 31, 2023
Total Talent Acquisition Software [Member] | Jobvite, Inc. [Member]
% of Net Assets	[2],[7]	5.30%	[1]	5.60%	[3]
Fair Value	[2],[4],[7]	$ 19,882,000	[1]	$ 19,826,000	[3]
Cost	[2],[7]	19,891,558	[1]	19,875,273	[3]
Principal/ Number of Shares	[2],[7]	$ 20,000,000	[1]	$ 20,000,000	[3]
Original Acquisition Date	[2],[7]	Aug. 05, 2022	[1]	Aug. 05, 2022	[3]
Total Veterinary Services [Member]
% of Net Assets	[2]	1.30%	[1]	1.30%	[3]
Fair Value	[2],[4]	$ 4,683,782	[1]	$ 4,753,048	[3]
Cost	[2]	$ 4,641,998	[1]	$ 4,638,599	[3]
Total Veterinary Services [Member] | VetnCare MSO, LLC [Member]
% of Net Assets	[2]	1.30%	[1],[8]	1.30%	[3],[9]
Fair Value	[2],[4]	$ 4,683,782	[1],[8]	$ 4,753,048	[3],[9]
Cost	[2]	4,641,998	[1],[8]	4,638,599	[3],[9]
Principal/ Number of Shares	[2]	$ 4,680,505	[1],[8]	$ 4,680,505	[3],[9]
Original Acquisition Date	[2]	May 12, 2023	[1],[8]	May 12, 2023	[3],[9]
Sub Total Non-control/Non-affiliate investments [Member]
% of Net Assets	[2]	259.30%	[1]	276.50%	[3]
Fair Value	[2],[4]	$ 963,176,509	[1]	$ 1,019,774,616	[3]
Cost	[2]	$ 932,599,967	[1]	$ 1,035,879,751	[3]
Total Corporate Education Software [Member] | ETU Holdings, Inc. [Member]
% of Net Assets	[2]	1.90%	[1],[14]	1.90%	[3],[17]
Fair Value	[2],[4]	$ 6,983,900	[1],[14]	$ 6,983,200	[3],[17]
Cost	[2]	6,951,798	[1],[14]	6,945,060	[3],[17]
Principal/ Number of Shares	[2]	$ 7,000,000	[1],[14]	$ 7,000,000	[3],[17]
Original Acquisition Date	[2]	Aug. 18, 2022	[1],[14]	Aug. 18, 2022	[3],[17]
Total Corporate Education Software [Member] | ETU Holdings, Inc. One [Member]
% of Net Assets	[2]	1.60%	[1],[14]	1.50%	[3],[17]
Fair Value	[2],[4]	$ 5,872,447	[1],[14]	$ 5,454,290	[3],[17]
Cost	[2]	6,567,024	[1],[14]	6,089,408	[3],[17]
Principal/ Number of Shares	[2]	$ 6,604,191	[1],[14]	$ 6,130,483	[3],[17]
Original Acquisition Date	[2]	Aug. 18, 2022	[1],[14]	Aug. 18, 2022	[3],[17]
Total Corporate Education Software [Member] | ETU Holdings, Inc Two [Member]
% of Net Assets	[2]	0.10%	[1],[5],[14]	0.30%	[3],[6],[17]
Fair Value	[2],[4]	$ 201,094	[1],[5],[14]	$ 1,162,040	[3],[6],[17]
Cost	[2]	3,000,000	[1],[5],[14]	3,000,000	[3],[6],[17]
Principal/ Number of Shares	[2]	$ 3,000,000	[1],[5],[14]	$ 3,000,000	[3],[6],[17]
Original Acquisition Date	[2]	Aug. 18, 2022	[1],[5],[14]	Aug. 18, 2022	[3],[6],[17]
Total Corporate Education Software One [Member]
% of Net Assets	[2]	3.60%	[1]	3.70%	[3]
Fair Value	[2],[4]	$ 13,057,441	[1]	$ 13,599,530	[3]
Cost	[2]	$ 16,518,822	[1]	$ 16,034,468	[3]
Total Employee Collaboration Software [Member]
% of Net Assets	[2]	4.20%	[1]	3.80%	[3]
Fair Value	[2],[4]	$ 16,135,997	[1]	$ 14,149,607	[3]
Cost	[2]	$ 10,678,226	[1]	$ 10,672,947	[3]
Total Employee Collaboration Software [Member] | Axero Holdings, LLC [Member]
% of Net Assets	[2]	1.50%	[1],[14]	1.50%	[3],[17]
Fair Value	[2],[4]	$ 5,500,000	[1],[14]	$ 5,555,000	[3],[17]
Cost	[2]	5,473,117	[1],[14]	5,468,859	[3],[17]
Principal/ Number of Shares	[2]	$ 5,500,000	[1],[14]	$ 5,500,000	[3],[17]
Original Acquisition Date	[2]	Jun. 30, 2021	[1],[14]	Jun. 30, 2021	[3],[17]
Total Employee Collaboration Software [Member] | Axero Holdings, LLC One [Member]
% of Net Assets	[2]	0.30%	[1],[14]	0.30%	[3],[17]
Fair Value	[2]	$ 1,100,000	[1],[4],[14]	$ 1,111,000	[3],[17]
Cost	[2]	1,093,892	[1],[14]	1,092,870	[3],[17]
Principal/ Number of Shares	[2]	$ 1,100,000	[1],[14]	$ 1,100,000	[3],[17]
Original Acquisition Date	[2]	Jun. 30, 2021	[1],[14]	Jun. 30, 2021	[3],[17]
Total Employee Collaboration Software [Member] | Axero Holdings, LLC Two [Member]
% of Net Assets	[2]	0%	[1],[8],[14]	0%	[3],[9],[17]
Fair Value			[1],[2],[4],[8],[14]
Cost			[1],[2],[8],[14]
Principal/ Number of Shares	[2]		[1],[8],[14]		[3],[9],[17]
Original Acquisition Date	[2]	Feb. 03, 2022	[1],[8],[14]	Feb. 03, 2022	[3],[9],[17]
Total Employee Collaboration Software [Member] | Axero Holdings, LLC Three [Member]
% of Net Assets	[2]	0.80%	[1],[5],[14]	0.80%	[3],[6],[17]
Fair Value	[2],[4]	$ 3,032,000	[1],[5],[14]	$ 2,877,000	[3],[6],[17]
Cost	[2]	2,055,609	[1],[5],[14]	2,055,609	[3],[6],[17]
Principal/ Number of Shares	[2]	$ 2,055,609	[1],[5],[14]	$ 2,055,609	[3],[6],[17]
Original Acquisition Date	[2]	Jun. 30, 2021	[1],[5],[14]	Jun. 30, 2021	[3],[6],[17]
Total Employee Collaboration Software [Member] | Axero Holdings, LLC Four [Member]
% of Net Assets	[2]	1.60%	[1],[5],[14]	1.20%	[3],[6],[17]
Fair Value	[2],[4]	$ 6,503,997	[1],[5],[14]	$ 4,606,607	[3],[6],[17]
Cost	[2]	2,055,608	[1],[5],[14]	2,055,609	[3],[6],[17]
Principal/ Number of Shares	[2]	$ 2,055,609	[1],[5],[14]	$ 2,055,609	[3],[6],[17]
Original Acquisition Date	[2]	Jun. 30, 2021	[1],[5],[14]	Jun. 30, 2021	[3],[6],[17]
Sub Total Affiliate investments [Member]
% of Net Assets	[2]	7.80%	[1]	7.50%	[3]
Fair Value	[2],[4]	$ 29,193,438	[1]	$ 27,749,137	[3]
Cost	[2]	$ 27,197,048	[1]	$ 26,707,415	[3]
­Total­ Education­ Services One [­Member]
% of Net Assets	[1],[2],[5],[11]	0.60%
Fair Value	[1],[2],[4],[5],[11]	$ 2,176,502
Cost	[1],[2],[5],[11]	$ 2,016,351
Total Specialty Food Retailer [Member]
% of Net Assets		0.40%		0.70%	[2],[3]
Fair Value	[4]	$ 1,460,940		$ 2,488,682	[2],[3]
Cost		$ 2,686,307		$ 35,437,789	[2],[3]
Total Specialty Food Retailer [Member] | Pepper Palace, Inc [Member]
% of Net Assets		0.40%		0.70%	[2],[3],[7],[13]
Fair Value	[4]	$ 1,348,560		$ 2,409,036	[2],[3],[7],[13]
Cost		2,400,000		33,148,332	[2],[3],[7],[13]
Principal/ Number of Shares		$ 2,400,000		$ 33,320,000	[2],[3],[7],[13]
Original Acquisition Date		Jun. 30, 2021		Jun. 30, 2021	[2],[3],[7],[13]
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. One [Member]
% of Net Assets		0%		0%	[2],[3],[9],[13]
Fair Value	[4]			$ 79,646	[2],[3],[9],[13]
Cost				1,092,422	[2],[3],[9],[13]
Principal/ Number of Shares				$ 1,101,600	[2],[3],[9],[13]
Original Acquisition Date		Jun. 30, 2021		Jun. 30, 2021	[2],[3],[9],[13]
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. Two [Member]
% of Net Assets		0%		0%	[2],[3],[9],[13]
Fair Value	[4]	$ 112,380			[1],[2],[3],[8],[9],[13]
Cost		200,000			[1],[2],[3],[8],[9],[13]
Principal/ Number of Shares		$ 200,000			[1],[2],[3],[8],[9],[13]
Original Acquisition Date		Jun. 30, 2021		Jun. 30, 2021	[2],[3],[9],[13]
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. Three [Member]
% of Net Assets		0%		0%	[2],[3],[6]
Fair Value	[4]				[1],[2],[3],[5],[6]
Cost		86,307		1,000,000	[2],[3],[6]
Principal/ Number of Shares		$ 100,000		$ 1,000,000	[2],[3],[6]
Original Acquisition Date		Jun. 30, 2021		Jun. 30, 2021	[2],[3],[6]
Total Specialty Food Retailer [Member] | Pepper Palace, Inc Four [Member]
% of Net Assets	[2],[3],[6]			0%
Fair Value	[2],[3],[4],[6]
Cost	[2],[3],[6]			197,035
Principal/ Number of Shares	[2],[3],[6]			$ 197,035
Original Acquisition Date	[2],[3],[6]			Jun. 30, 2021
Total Structured Finance Securities [Member]
% of Net Assets	[2]	6.30%	[1]	8.30%	[3]
Fair Value	[2],[4]	$ 23,297,059	[1]	$ 30,625,854	[3]
Cost	[2]	$ 39,339,700	[1]	$ 42,769,387	[3]
Total Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
% of Net Assets	[2],[19]	1.60%	[1],[11],[18],[20]	2.60%	[3],[15],[16]
Fair Value	[2],[4],[19]	$ 5,773,621	[1],[11],[18],[20]	$ 9,500,627	[3],[15],[16]
Cost	[2],[19]	18,572,200	[1],[11],[18],[20]	22,001,887	[3],[15],[16]
Principal/ Number of Shares	[2],[19]	$ 111,000,000	[1],[11],[18],[20]	$ 111,000,000	[3],[15],[16]
Original Acquisition Date	[2],[19]	Jan. 22, 2008	[1],[11],[18],[20]	Jan. 22, 2008	[3],[15],[16]
Total Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
% of Net Assets	[2]	1.40%	[1],[11],[18]	2.40%	[3],[15],[16]
Fair Value	[2],[4]	$ 5,273,438	[1],[11],[18]	$ 8,875,227	[3],[15],[16]
Cost	[2]	9,375,000	[1],[11],[18]	9,375,000	[3],[15],[16]
Principal/ Number of Shares	[2]	$ 9,375,000	[1],[11],[18]	$ 9,375,000	[3],[15],[16]
Original Acquisition Date	[2]	Aug. 09, 2021	[1],[11],[18]	Aug. 09, 2021	[3],[15],[16]
Total Structured Finance Securities [Member] | Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
% of Net Assets	[2]	3.30%	[1],[11],[18]	3.30%	[3],[15],[16]
Fair Value	[2],[4]	$ 12,250,000	[1],[11],[18]	$ 12,250,000	[3],[15],[16]
Cost	[2]	11,392,500	[1],[11],[18]	11,392,500	[3],[15],[16]
Principal/ Number of Shares	[2]	$ 12,250,000	[1],[11],[18]	$ 12,250,000	[3],[15],[16]
Original Acquisition Date	[2]	Oct. 28, 2022	[1],[11],[18]	Oct. 28, 2022	[3],[15],[16]
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC [Member]
% of Net Assets	[1],[2],[8],[11],[18]	4.40%
Fair Value	[1],[2],[4],[8],[11],[18]	$ 16,279,913
Cost	[1],[2],[8],[11],[18]	17,618,954
Principal/ Number of Shares	[1],[2],[8],[11],[18]	$ 17,618,954
Original Acquisition Date	[1],[2],[8],[11],[18]	Dec. 17, 2021
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC One [Member]
% of Net Assets		1.40%
Fair Value	[4]	$ 5,127,089
Cost		17,583,485
Principal/ Number of Shares		$ 17,583,486
Original Acquisition Date		Dec. 17, 2021
Total Investment Fund [Member]
% of Net Assets	[2]	5.80%	[1],[11],[18]	6.80%	[3]
Fair Value	[2],[4]	$ 21,407,002	[1],[11],[18]	$ 25,222,293	[3]
Cost	[2]	$ 35,202,439	[1],[11],[18]	$ 35,202,441	[3]
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC [Member]
% of Net Assets	[2],[3],[9],[15],[16]			4.30%
Fair Value	[2],[3],[4],[9],[15],[16]			$ 15,818,297
Cost	[2],[3],[9],[15],[16]			17,618,954
Principal/ Number of Shares	[2],[3],[9],[15],[16]			$ 17,618,954
Original Acquisition Date	[2],[3],[9],[15],[16]			Dec. 17, 2021
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC One [Member]
% of Net Assets	[2],[3],[15],[16]			2.50%
Fair Value	[2],[3],[4],[15],[16]			$ 9,403,996
Cost	[2],[3],[15],[16]			17,583,487
Principal/ Number of Shares	[2],[3],[15],[16]			$ 17,583,486
Original Acquisition Date	[2],[3],[15],[16]			Dec. 17, 2021
Sub Total Control investments [Member]
% of Net Assets	[2]	13.10%	[1]	24.70%	[3]
Fair Value	[2],[4]	$ 48,341,503	[1]	$ 91,270,036	[3]
Cost	[2]	$ 79,244,797	[1]	$ 117,196,571	[3]
TOTAL INVESTMENTS [Member]
% of Net Assets	[2]	280.20%	[1]	308.70%	[3]
Fair Value	[2],[4]	$ 1,040,711,450	[1]	$ 1,138,793,789	[3]
Cost	[2]	$ 1,039,041,812	[1]	$ 1,179,783,737	[3]
Total Legal Software [Member]
% of Net Assets	[2],[3]			5.60%
Fair Value	[2],[3],[4]			$ 20,709,446
Cost	[2],[3]			$ 20,882,496
Total Legal Software [Member] | Centerbase, LLC [Member]
% of Net Assets	[2],[3]			5.60%
Fair Value	[2],[3],[4]			$ 20,709,446
Cost	[2],[3]			20,882,496
Principal/ Number of Shares	[2],[3]			$ 21,033,360
Original Acquisition Date	[2],[3]			Jan. 18, 2022
Total Sports Management [Member]
% of Net Assets	[2],[3]			7.30%
Fair Value	[2],[3],[4]			$ 27,000,000
Cost	[2],[3]			$ 26,945,071
Total Sports Management [Member] | ArbiterSports, LLC [Member]
% of Net Assets	[2],[3],[7]			7%
Fair Value	[2],[3],[4],[7]			$ 26,000,000
Cost	[2],[3],[7]			25,945,071
Principal/ Number of Shares	[2],[3],[7]			$ 26,000,000
Original Acquisition Date	[2],[3],[7]			Feb. 21, 2020
Total Sports Management [Member] | ArbiterSports, LLC One [Member]
% of Net Assets	[2],[3]			0.30%
Fair Value	[2],[3],[4]			$ 1,000,000
Cost	[2],[3]			1,000,000
Principal/ Number of Shares	[2],[3]			$ 1,000,000
Original Acquisition Date	[2],[3]			Feb. 21, 2020
Total IT Services [Member]
% of Net Assets	[2],[3]			9.60%
Fair Value	[2],[3],[4]			$ 35,421,889
Cost	[2],[3]			$ 39,224,743
[1] Percentages are based on net assets of $372,053,842 as of August 31, 2024. Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities. Money market funds are valued at net asset value and are considered level 1 investments within the fair value hierarchy. 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, we “control” this portfolio company because we own more than 25% of the portfolio company’s outstanding voting securities. Transactions during the six months ended August 31, 2024 in which the issuer was both an affiliate and a portfolio company that we control are as follows: 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 six months ended August 31, 2024 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 August 31, 2024, non-qualifying assets represent 4.4% 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 (Parentheticals)		Aug. 31, 2024		Feb. 29, 2024
Total Alternative Investment Management Software [Member] | Altvia MidCo, LLC. [Member]
Investment variable rate	[2]	8.50%	[1]	8.50%	[3]
Investment interest rate	[2]	13.52%	[1]	13.83%	[3]
Investment maturity date	[2]	Jul. 18, 2027	[1]	Jul. 18, 2027	[3]
Total Architecture & Engineering Software [Member] | BQE Software, Inc. [Member]
Investment variable rate	[2]	6.75%	[1],[4]	6.75%	[3]
Investment interest rate	[2]	11.77%	[1],[4]	12.08%	[3]
Investment maturity date	[2]	Apr. 13, 2028	[1],[4]	Apr. 13, 2028	[3]
Total Architecture & Engineering Software [Member] | BQE Software, Inc. One [Member]
Investment variable rate	[2]	6.75%	[1],[5]	6.75%	[3],[6]
Investment interest rate	[2]	11.77%	[1],[5]	12.08%	[3],[6]
Investment maturity date	[2]	Apr. 13, 2028	[1],[5]	Apr. 13, 2028	[3],[6]
Total Association Management Software [Member] | GrowthZone, LLC [Member]
Investment variable rate	[2]	8.25%	[1]	8.25%	[3]
Investment interest rate	[2]	13.27%	[1]	13.58%	[3]
Investment maturity date	[2]	May 10, 2028	[1]	May 10, 2028	[3]
Total Consumer Services [Member] | Artemis Wax Corp.[Member]
Investment variable rate	[2],[4]	7.50%	[1],[5]	6.75%	[3],[6]
Investment interest rate	[2],[4]	12.70%	[1],[5]	12.07%	[3],[6]
Investment maturity date	[2],[4]	May 20, 2026	[1],[5]	May 20, 2026	[3],[6]
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC [Member]
Investment variable rate	[2]	5.50%	[1],[5]	10.22%	[3]
Investment interest rate	[2]	10.21%	[1],[5]	15.55%	[3]
Investment maturity date	[2]	May 13, 2030	[1],[5]	Apr. 29, 2026	[3]
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC One [Member]
Investment variable rate	[1],[2],[5]	5.50%
Investment interest rate	[1],[2],[5]	10.21%
Investment maturity date	[1],[2],[5]	May 13, 2030
Total Dental Practice Management [Member] | Gen4 Dental Partners Holdings, LLC Two [Member]
Investment variable rate	[1],[2],[5]	5.50%
Investment interest rate	[1],[2],[5]	10.21%
Investment maturity date	[1],[2],[5]	May 13, 2030
Total Dental Practice Management [Member] | Modis Dental Partners OpCo, LLC [Member]
Investment variable rate	[2]	9.45%	[1]	9.48%	[3]
Investment interest rate	[2]	14.64%	[1]	14.80%	[3]
Investment maturity date	[2]	Apr. 18, 2028	[1]	Apr. 18, 2028	[3]
Total Dental Practice Management [Member] | Modis Dental Partners OpCo, LLC One [Member]
Investment variable rate	[2]	9.45%	[1]	9.48%	[3]
Investment interest rate	[2]	14.64%	[1]	14.80%	[3]
Investment maturity date	[2]	Apr. 18, 2028	[1]	Apr. 18, 2028	[3]
Total Dental Practice Management [Member] | New England Dental Partners [Member]
Investment variable rate	[2]	8%	[1]	8%	[3]
Investment interest rate	[2]	13.17%	[1]	13.48%	[3]
Investment maturity date	[2]	Nov. 25, 2025	[1]	Nov. 25, 2025	[3]
Total Dental Practice Management [Member] | New England Dental Partners One [Member]
Investment variable rate	[2]	8%	[1]	8%	[3]
Investment interest rate	[2]	13.17%	[1]	13.48%	[3]
Investment maturity date	[2]	Nov. 25, 2025	[1]	Nov. 25, 2025	[3]
Total Direct Selling Software [Member] | Exigo, LLC [Member]
Investment variable rate	[2]	6.25%	[1],[4]	5.75%	[3]
Investment interest rate	[2]	11.55%	[1],[5]	11.17%	[3]
Investment maturity date	[2]	Mar. 16, 2027	[1],[4]	Mar. 16, 2027	[3]
Total Direct Selling Software [Member] | Exigo, LLC One [Member]
Investment variable rate	[2]	6.25%	[1],[5]	5.75%	[3],[6]
Investment interest rate	[2]	11.55%	[1],[5]	11.17%	[3],[6]
Investment maturity date	[2]	Mar. 16, 2027	[1],[5]	Mar. 16, 2027	[3],[6]
Total Education Services [Member] | C2 Educational Systems, Inc. [Member]
Investment variable rate	[2]	8.50%	[1],[4]	8.50%	[3]
Investment interest rate	[2]	13.52%	[1],[4]	13.83%	[3]
Investment maturity date	[2]	May 31, 2025	[1],[4]	May 31, 2025	[3]
Total Education Services [Member] | C2 Educational Systems, Inc. One [Member]
Investment variable rate	[2]	8.50%	[1],[5]	8.50%	[3],[6]
Investment interest rate	[2]	13.52%	[1],[5]	13.83%	[3],[6]
Investment maturity date	[2]	May 31, 2025	[1],[5]	May 31, 2025	[3],[6]
Total Education Services [Member] | Zollege PBC One [Member]
Investment variable rate	[2],[3],[6],[7]			7%
Investment interest rate	[2],[3],[6],[7]			12.33%
Investment maturity date		Aug. 09, 2027		May 11, 2026
PIK rate		4.84%		2%
Total Education Services [Member] | Zollege PBC [Member]
Investment variable rate	[2],[3],[7]			7%
Investment interest rate	[2],[3],[7]			12.33%
Investment maturity date	[2],[3],[7]			May 11, 2026
PIK rate	[2]			2%
Total Education Software [Member] | GoReact [Member]
Investment variable rate	[2]	7.50%	[1]	7.50%	[3]
Investment interest rate	[2]	12.72%	[1]	13.03%	[3]
Investment maturity date	[2]	Jan. 17, 2025	[1]	Jan. 17, 2025	[3]
PIK rate	[2]	1%	[1]	1%	[3]
Total Education Software [Member] | GoReact One [Member]
Investment variable rate	[2]	7.50%	[1],[5]	7.50%	[3],[6]
Investment interest rate	[2]	12.72%	[1],[5]	13.03%	[3],[6]
Investment maturity date	[2]	Jan. 17, 2025	[1],[5]	Jan. 17, 2025	[3],[6]
PIK rate	[2]	1%	[1],[5]	1%	[3],[6]
Total Education Software [Member] | Ready Education [Member]
Investment variable rate	[2]	7%	[1],[4]	7%	[3]
Investment interest rate	[2]	12.02%	[1],[4]	12.33%	[3]
Investment maturity date	[2]	Aug. 05, 2027	[1],[4]	Aug. 05, 2027	[3]
Total Field Service Management [Member] | Davisware, LLC [Member]
Investment variable rate	[2]	6.50%	[1]	7%	[3]
Investment interest rate	[2]	11.52%	[1]	12.33%	[3]
Investment maturity date	[2]	Nov. 30, 2025	[1]	Jul. 31, 2024	[3]
Total Field Service Management [Member] | Davisware, LLC One [Member]
Investment variable rate	[2]	6.50%	[1]	7%
Investment interest rate	[2]	11.52%	[1]	12.33%	[3],[6]
Investment maturity date	[2]	Nov. 30, 2025	[1]	Jul. 31, 2024	[3],[6]
Total Financial Services [Member] | GDS Software Holdings, LLC [Member]
Investment variable rate	[2]	7%	[1]	7%	[3]
Investment interest rate	[2]	12.02%	[1]	12.33%	[3]
Investment maturity date	[2]	Dec. 30, 2026	[1]	Dec. 30, 2026	[3]
Total Financial Services [Member] | GDS Software Holdings, LLC One [Member]
Investment variable rate	[2]	7%	[1],[4]	7%	[3]
Investment interest rate	[2]	12.02%	[1],[4]	12.33%	[3]
Investment maturity date	[2]	Dec. 30, 2026	[1],[4]	Dec. 30, 2026	[3]
Total Financial Services Software [Member] | Ascend Software, LLC [Member]
Investment variable rate	[2]	7.50%	[1]	7.50%	[3]
Investment interest rate	[2]	12.78%	[1]	13.10%	[3]
Investment maturity date	[2]	Dec. 15, 2026	[1]	Dec. 15, 2026	[3]
Total Financial Services Software [Member] | Ascend Software, LLC One [Member]
Investment variable rate	[2]	7.50%	[1],[5]	7.50%	[3],[6]
Investment interest rate	[2]	12.78%	[1],[5]	13.10%	[3],[6]
Investment maturity date	[2]	Dec. 15, 2026	[1],[5]	Dec. 15, 2026	[3],[6]
Total Fire Inspection Business Software [Member] | Inspect Point Holdings, LLC [Member]
Investment variable rate	[2]	6.50%	[1]	6.50%	[3]
Investment interest rate	[2]	11.70%	[1]	11.82%	[3]
Investment maturity date	[2]	Jul. 19, 2028	[1]	Jul. 19, 2028	[3]
Total Fire Inspection Business Software [Member] | Inspect Point Holdings, LLC One [Member]
Investment variable rate	[2]	6.50%	[1],[5]	6.50%	[3],[6]
Investment interest rate	[2]	11.70%	[1],[5]	11.82%	[3],[6]
Investment maturity date	[2]	Jul. 19, 2028	[1],[8]	Jul. 19, 2028	[3],[6]
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC [Member]
Investment variable rate	[2]	7%	[1],[4]	7%	[3]
Investment interest rate	[2]	12.02%	[1],[4]	12.33%	[3]
Investment maturity date	[2]	Mar. 31, 2028	[1],[4]	Mar. 31, 2028	[3]
Total Health/Fitness Franchisor [Member] | Stretch Zone Franchising, LLC One [Member]
Investment variable rate	[2]	7%	[1],[5]	7%	[3],[6]
Investment interest rate	[2]	12.02%	[1],[5]	12.33%	[3]
Investment maturity date	[2]	Mar. 31, 2028	[1],[5]	Mar. 31, 2028	[3],[6]
Total Healthcare Services [Member] | Alpha Aesthetics Partners OpCo, LLC [Member]
Investment variable rate	[2]	9.95%	[1]	9.98%	[3]
Investment interest rate	[2]	15.15%	[1]	15.30%	[3]
Investment maturity date	[2]	Mar. 20, 2028	[1]	Mar. 20, 2028	[3]
Total Healthcare Services [Member] | Alpha Aesthetics Partners OpCo, LLC One [Member]
Investment variable rate	[2]	9.95%	[1],[5]	9.98%	[3],[6]
Investment interest rate	[2]	15.15%	[1],[5]	15.30%	[3],[6]
Investment maturity date	[2]	Mar. 20, 2028	[1],[5]	Mar. 20, 2028	[3],[6]
Total Healthcare Services [Member] | Axiom Medical Consulting, LLC [Member]
Investment variable rate	[2]	6%	[1]	6%	[9]
Investment interest rate	[2]	11.02%	[1]	11.33%	[3]
Investment maturity date	[2]	Sep. 11, 2028	[1]	Sep. 11, 2028	[3]
Total Healthcare Services [Member] | Axiom Medical Consulting, LLC One [Member]
Investment variable rate	[2]	6%	[1],[5]	6%	[3],[6]
Investment interest rate	[2]	11.02%	[1],[5]	11.33%	[3],[6]
Investment maturity date	[2]	Sep. 11, 2028	[1],[5]	Sep. 11, 2028	[3],[6]
Total Healthcare Services [Member] | ComForCare Health Care [Member]
Investment variable rate	[1],[2]	6.25%	[4]	6.25%	[3]
Investment interest rate	[2],[4]	11.27%	[1]	11.58%	[3]
Investment maturity date	[2],[4]	Dec. 31, 2027	[1]	Jan. 31, 2025	[3]
Total Healthcare Software [Member] | Invita (fka HemaTerra Holding Company, LLC) [Member]
Investment variable rate	[1],[2],[4]	8.25%
Investment interest rate	[1],[2],[4]	13.45%
Investment maturity date	[1],[2],[4]	Jan. 31, 2027
Total Healthcare Software [Member] | Invita (fka HemaTerra Holding Company, LLC) One [Member]
Investment variable rate	[1],[2]	8.25%
Investment interest rate	[1],[2]	13.45%
Investment maturity date	[1],[2]	Jan. 31, 2027
Total Healthcare Software [Member] | Procurement Partners, LLC [Member]
Investment variable rate	[2]	6.50%	[1]	6.50%	[3]
Investment interest rate	[2]	11.52%	[1]	11.83%	[3]
Investment maturity date	[2]	May 12, 2026	[1]	May 12, 2026	[3]
Total Healthcare Software [Member] | Procurement Partners, LLC One [Member]
Investment variable rate	[2]	6.50%	[1],[5]	6.50%	[3],[6]
Investment interest rate	[2]	11.52%	[1],[5]	11.83%	[3],[6]
Investment maturity date	[2]	May 12, 2026	[1],[5]	May 12, 2026	[3],[6]
Total Healthcare Software [Member] | HemaTerra Holding Company, LLC [Member]
Investment variable rate	[2],[3],[4]			8.25%
Investment interest rate	[2],[3],[4]			13.57%
Investment maturity date	[2],[3],[4]			Jan. 31, 2027
Total Healthcare Software [Member] | HemaTerra Holding Company, LLC One [Member]
Investment variable rate	[2],[3]			8.25%
Investment interest rate	[2],[3]			13.57%
Investment maturity date	[2],[3]			Jan. 31, 2027
Total Hospitality/Hotel [Member] | Knowland Group, LLC [Member]
Investment variable rate	[2]	8%	[1]	8%	[3],[7]
Investment interest rate	[2]	13.17%	[1]	13.48%	[3],[7]
Investment maturity date	[2]	Dec. 31, 2024	[1]	Dec. 31, 2024	[3],[7]
PIK rate	[2]	3%	[1]	3%	[3],[7]
Total Hospitality/Hotel [Member] | Book4Time, Inc. [Member]
Investment variable rate	[2],[3],[4],[10]			7.50%
Investment interest rate	[2],[3],[4],[10]			12.83%
Investment maturity date	[2],[3],[4],[10]			Dec. 22, 2025
Total Hospitality/Hotel [Member] | Book4Time, Inc. One [Member]
Investment variable rate	[2],[3],[10]			7.50%
Investment interest rate	[2],[3],[10]			12.83%
Investment maturity date	[2],[3],[10]			Dec. 22, 2025
Total Hospitality/Hotel [Member] | Sceptre Hospitality Resources, LLC [Member]
Investment variable rate	[2],[3]			7.25%
Investment interest rate	[2],[3]			12.58%
Investment maturity date	[2],[3]			Nov. 15, 2027
Total Hospitality/Hotel [Member] | Sceptre Hospitality Resources, LLC One [Member]
Investment variable rate	[2],[3],[6]			7.25%
Investment interest rate	[2],[3],[6]			12.58%
Investment maturity date	[2],[3],[6]			Nov. 15, 2027
Total HVAC Services and Sales [Member] | Granite Comfort, LP [Member]
Investment variable rate	[2],[4]	7.43%	[1]	7.46%	[3]
Investment interest rate	[2],[4]	12.45%	[1]	12.79%	[3]
Investment maturity date	[2],[4]	May 16, 2027	[1]	May 16, 2027	[3]
Total HVAC Services and Sales [Member] | Granite Comfort, LP One [Member]
Investment variable rate	[2]	7.43%	[1],[4],[5]	7.46%	[3],[6]
Investment interest rate	[2]	12.45%	[1],[4],[5]	12.79%	[3],[6]
Investment maturity date	[2]	May 16, 2027	[1],[4],[5]	May 16, 2027	[3],[6]
Total Industrial Products [Member] | Vector Controls Holding Co., LLC [Member]
Investment variable rate	[2],[4]	6.50%	[1]	6.50%	[3]
Investment interest rate	[2],[4]	11.52%	[1]	11.75%	[3]
Investment maturity date	[2],[4]	Mar. 06, 2025	[1]	Mar. 06, 2025	[3]
Total Industrial Products [Member] | Vector Controls Holding Co., LLC One [Member]
Investment maturity date	[2]	Nov. 30, 2027	[1],[11]	Nov. 30, 2027	[3],[9]
Total Insurance Software [Member] | AgencyBloc, LLC [Member]
Investment variable rate	[2]	7.76%	[1]	7.76%	[3]
Investment interest rate	[2]	12.96%	[1]	13.09%	[3]
Investment maturity date	[2]	Oct. 01, 2026	[1]	Oct. 01, 2026	[3]
Total IT Services [Member] | LogicMonitor, Inc. [Member]
Investment variable rate	[2],[4]	6.50%	[1]	6.50%	[3]
Investment interest rate	[2],[4]	11.52%	[1]	11.83%	[3]
Investment maturity date	[2],[4]	May 17, 2026	[1]	May 17, 2026	[3]
Total IT Services [Member] | Netreo Holdings, LLC [Member]
Investment variable rate	[2],[3],[12]			6.50%
Investment interest rate	[2],[3],[12]			11.98%
Investment maturity date	[2],[3],[12]			Dec. 31, 2025
PIK rate	[2],[3],[12]			3.50%
Total IT Services [Member] | Netreo Holdings, LLC One [Member]
Investment variable rate	[2],[3],[12]			6.50%
Investment interest rate	[2],[3],[12]			11.98%
Investment maturity date	[2],[3],[12]			Dec. 31, 2025
PIK rate	[2],[3],[12]			3.50%
Total Lead Management Software [Member] | ActiveProspect, Inc. [Member]
Investment variable rate	[2],[4]	6%	[1]	6%	[3]
Investment interest rate	[2],[4]	11.22%	[1]	11.53%	[3]
Investment maturity date	[2],[4]	Aug. 08, 2027	[1]	Aug. 08, 2027	[3]
Total Lead Management Software [Member] | ActiveProspect, Inc. One [Member]
Investment variable rate	[2]	6%	[1],[5]	6%	[3],[6]
Investment interest rate	[2]	11.54%	[1],[5]	11.53%	[3],[6]
Investment maturity date	[2]	Aug. 08, 2027	[1],[5]	Aug. 08, 2027	[3],[6]
Total Marketing Orchestration Software [Member] | Madison Logic, Inc. [Member]
Investment variable rate	[2],[4]	7%	[1]	7%	[3]
Investment interest rate	[2],[4]	12.02%	[1]	12.33%	[3]
Investment maturity date	[2],[4]	Dec. 30, 2028	[1]	Dec. 30, 2028	[3]
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC [Member]
Investment variable rate	[2],[4]	8.42%	[1]	8.47%	[3]
Investment interest rate	[2],[4]	13.44%	[1]	13.81%	[3]
Investment maturity date	[2],[4]	Aug. 05, 2027	[1]	Aug. 05, 2027	[3]
Total Mental Healthcare Services [Member] | ARC Health OpCo LLC One [Member]
Investment variable rate	[2],[4]	8.42%	[1]	8.47%	[3],[6]
Investment interest rate	[2],[4]	13.44%	[1]	13.81%	[3],[6]
Investment maturity date	[2],[4]	Aug. 05, 2027	[1]	Aug. 05, 2027	[3],[6]
Total Mentoring Software [Member] | Chronus LLC [Member]
Investment variable rate	[2]	5.25%	[1]	5.25%	[3]
Investment interest rate	[2]	10.42%	[1]	10.73%	[3]
Investment maturity date	[2]	Aug. 26, 2026	[1]	Aug. 26, 2026	[3]
Total Mentoring Software [Member] | Chronus LLC One [Member]
Investment variable rate	[2]	6%	[1],[4]	6%	[3]
Investment interest rate	[2]	11.17%	[1],[4]	11.48%	[3]
Investment maturity date	[2]	Aug. 26, 2026	[1],[4]	Aug. 26, 2026	[3]
Total Non-profit Services [Member] | Omatic Software, LLC [Member]
Investment variable rate	[2]	8%	[1],[4]	8%	[3]
Investment interest rate	[2]	13.28%	[1],[4]	13.59%	[3]
Investment maturity date	[2]	Jun. 30, 2025	[1],[4]	Jun. 30, 2025	[3]
PIK rate	[2]	1%	[1],[4]	1%	[3]
Total Office Supplies [Member] | Emily Street Enterprises, L.L.C. [Member]
Investment variable rate	[2]	6.25%	[1],[4]	7.50%	[3]
Investment interest rate	[2]	11.27%	[1],[4]	12.83%	[3]
Investment maturity date	[2]	Dec. 31, 2027	[1],[4]	Dec. 31, 2025	[3]
Total Office Supplies [Member] | Emily Street Enterprises, L.L.C. One [Member]
Investment maturity date	[2]	Dec. 31, 2027	[1],[11]	Dec. 31, 2025	[3],[9]
Total Real Estate Services [Member] | Buildout, Inc. [Member]
Investment variable rate	[2],[4]	7%	[1]	7%	[3]
Investment interest rate	[2],[4]	12.12%	[1]	12.43%	[3]
Investment maturity date	[2],[4]	Jul. 09, 2025	[1]	Jul. 09, 2025	[3]
Total Real Estate Services [Member] | Buildout, Inc. One [Member]
Investment variable rate	[2]	7%	[1]	7%	[3]
Investment interest rate	[2]	12.12%	[1]	12.47%	[3]
Investment maturity date	[2]	Jul. 09, 2025	[1]	Jul. 09, 2025	[3]
Total Research Software [Member] | Wellspring Worldwide Inc. [Member]
Investment variable rate	[2]	8.42%	[1]	6%	[3]
Investment interest rate	[2]	13.62%	[1]	11.32%	[3]
Investment maturity date	[2]	Dec. 22, 2028	[1]	Dec. 22, 2028	[3]
Total Research Software [Member] | Wellspring Worldwide Inc. One [Member]
Investment variable rate	[2]	8.42%	[1]	6%	[3]
Investment interest rate	[2]	13.62%	[1]	11.32%	[3]
Investment maturity date	[2]	Dec. 22, 2028	[1]	Dec. 22, 2028	[3]
Total Restaurant [Member] | LFR Chicken LLC [Member]
Investment variable rate		7%		7%	[2],[3]
Investment interest rate	[2]	12.20%	[1]	12.32%	[3]
Investment maturity date	[2]	Nov. 19, 2026	[1]	Nov. 19, 2026	[3]
Total Restaurant [Member] | LFR Chicken LLC One [Member]
Investment variable rate	[2]	7%	[1],[5]	7%	[3]
Investment interest rate	[2]	12.20%	[1],[5]	12.32%	[3]
Investment maturity date	[2]	Nov. 19, 2026	[1],[5]	Nov. 19, 2026	[3]
Total Roofing Contractor Software [Member] | JobNimbus LLC [Member]
Investment variable rate	[2]	8.75%	[1]	8.75%	[3]
Investment interest rate	[2]	13.92%	[1]	14.17%	[3]
Investment maturity date	[2]	Sep. 20, 2026	[1]	Sep. 20, 2026	[3]
Total Talent Acquisition Software [Member] | JDXpert [Member]
Investment variable rate	[2]	8.50%	[1]	8.50%	[3]
Investment interest rate	[2]	13.78%	[1]	14.10%	[3]
Investment maturity date	[2]	May 02, 2027	[1]	May 02, 2027	[3]
Total Talent Acquisition Software [Member] | JDXpert One [Member]
Investment variable rate	[2]	8.50%	[1]	8.50%	[3],[6]
Investment interest rate	[2]	13.78%	[1]	14.10%	[3],[6]
Investment maturity date	[2]	May 02, 2027	[1]	May 02, 2027	[3],[6]
Total Talent Acquisition Software [Member] | JDXpert Two [Member]
Investment variable rate	[1],[2],[5]	8.50%
Investment interest rate	[1],[2],[5]	13.78%
Investment maturity date	[1],[2],[5]	May 02, 2027
Total Talent Acquisition Software [Member] | Jobvite, Inc. [Member]
Investment variable rate	[2],[4]	7.50%	[1]	8%	[3]
Investment interest rate	[2],[4]	12.52%	[1]	13.27%	[3]
Investment maturity date		Aug. 05, 2028		Aug. 05, 2028	[2],[3],[4]
Total Veterinary Services [Member] | VetnCare MSO, LLC [Member]
Investment variable rate	[2]	5.75%	[1],[5]	5.75%	[3],[6]
Investment interest rate	[2]	10.77%	[1],[5]	11.08%	[3],[6]
Investment maturity date	[2]	May 12, 2028	[1],[5]	May 12, 2028	[3],[6]
Total Corporate Education Software [Member] | ETU Holdings, Inc. [Member]
Investment variable rate	[2]	9%	[1],[13]	9%	[3],[14]
Investment interest rate	[2]	14.17%	[1],[13]	14.48%	[3],[14]
Investment maturity date	[2]	Aug. 18, 2027	[1],[13]	Aug. 18, 2027	[3],[14]
Total Corporate Education Software [Member] | ETU Holdings, Inc. One [Member]
Investment maturity date	[2]	Feb. 18, 2028	[1],[13]	Feb. 18, 2028	[3],[14]
PIK rate	[2]	15%	[1],[13]	15%	[3],[14]
Total Employee Collaboration Software [Member] | Axero Holdings, LLC [Member]
Investment variable rate	[2]	8%	[1],[13]	8%	[3],[14]
Investment interest rate	[2]	13.17%	[1],[13]	13.48%	[3],[14]
Investment maturity date	[2]	Jun. 30, 2026	[1],[13]	Jun. 30, 2026	[3],[14]
Total Employee Collaboration Software [Member] | Axero Holdings, LLC One [Member]
Investment variable rate	[2]	8%	[1],[13]	8%	[3],[14]
Investment interest rate	[2]	13.17%	[1],[13]	13.48%	[3],[14]
Investment maturity date	[2]	Jun. 30, 2026	[1],[13]	Jun. 30, 2026	[3],[14]
Total Employee Collaboration Software [Member] | Axero Holdings, LLC Two [Member]
Investment variable rate	[2]	8%	[1],[5],[13]	8%	[3],[6],[14]
Investment interest rate	[2]	13.17%	[1],[5],[13]	13.48%	[3],[6],[14]
Investment maturity date	[2]	Jun. 30, 2026	[1],[5],[13]	Jun. 30, 2026	[3],[6],[14]
Total Specialty Food Retailer [Member] | Pepper Palace, Inc [Member]
Investment variable rate	[2],[3],[4],[7]			6.25%
Investment interest rate	[2],[3],[4],[7]			11.73%
Investment maturity date		Dec. 31, 2028		Jun. 30, 2026	[2],[3],[4],[7]
PIK rate		4.42%
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. One [Member]
Investment variable rate	[2],[3],[6],[7]			6.25%
Investment interest rate	[2],[3],[6],[7]			11.73%
Investment maturity date		Dec. 31, 2028		Jun. 30, 2026	[2],[3],[6],[7]
PIK rate		4.42%
Total Specialty Food Retailer [Member] | Pepper Palace, Inc. Two [Member]
Investment variable rate	[2],[3],[6],[7]			6.25%
Investment interest rate	[2],[3],[6],[7]			11.73%
Investment maturity date		Dec. 31, 2028		Jun. 30, 2026	[2],[3],[6],[7]
PIK rate		4.42%
Total Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Investment interest rate		0%		0%	[2],[3],[10],[12],[15]
Investment maturity date		Apr. 20, 2033		Apr. 20, 2033	[2],[10],[12],[15]
Total Structured Finance Securities [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Investment variable rate		10%		10%	[2],[3],[10],[12]
Investment interest rate		15.28%		15.60%	[2],[3],[10],[12]
Investment maturity date		Apr. 20, 2033		Apr. 20, 2033	[2],[3],[10],[12]
Total Structured Finance Securities [Member] | Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
Investment variable rate		8.55%		8.55%	[2],[3],[10],[12]
Investment interest rate		13.57%		13.88%	[2],[3],[10],[12]
Investment maturity date		Oct. 20, 2033		Oct. 20, 2033	[2],[3],[10],[12]
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC [Member]
Investment interest rate		10%
Investment maturity date		Oct. 20, 2033
Total Legal Software [Member] | Centerbase, LLC [Member]
Investment variable rate	[2],[3]			7.75%
Investment interest rate	[2],[3]			13.08%
Investment maturity date	[2],[3]			Jan. 18, 2027
Total Sports Management [Member] | ArbiterSports, LLC [Member]
Investment variable rate	[2],[3],[4]			6%
Investment interest rate	[2],[3],[4]			11.33%
Investment maturity date	[2],[3],[4]			Feb. 21, 2025
Total Sports Management [Member] | ArbiterSports, LLC One [Member]
Investment variable rate	[2],[3]			6%
Investment interest rate	[2],[3]			11.33%
Investment maturity date	[2],[3]			Feb. 21, 2025
Total Investment Fund [Member] | Saratoga Senior Loan Fund I JV, LLC [Member]
Investment variable rate	[2],[3],[6],[10],[12]			10%
Investment maturity date	[2],[3],[6],[10],[12]			Oct. 20, 2033
[1] Percentages are based on net assets of $372,053,842 as of August 31, 2024. Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities. Money market funds are valued at net asset value and are considered level 1 investments within the fair value hierarchy. 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 six months ended August 31, 2024 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 ($)		Aug. 31, 2024	Feb. 29, 2024
Cost		$ 84,569,590	$ 40,507,124
Number of Shares (in Shares)		84,569,590	40,507,124
% of Net Assets		22.70%	10.90%
Fair Value		$ 84,569,590	$ 40,507,124
U.S. Bank Money Market [Member]
Cost	[1]	$ 84,569,590	$ 40,507,124
Number of Shares (in Shares)	[1]	84,569,590	40,507,124
% of Net Assets	[1]	22.70%	10.90%
Fair Value	[1]	$ 84,569,590	$ 40,507,124
[1]Securities are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and are restricted securities. Money market funds are valued at net asset value and are considered level 1 investments within the fair value hierarchy.

Schedule of Transactions Relate

Schedule of Transactions Related to Affiliates - USD ($)	6 Months Ended	12 Months Ended
	Aug. 31, 2024	Feb. 29, 2024
Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)	$ 954,668	$ (1,541,829)
Net Realized Gain (Loss) from Investments
Sales
Purchases		19,343,789
Management Fee Income
Total Interest from Investments	1,479,305	4,174,042
Affiliate [Member] | Axero Holdings, LLC [Member]
Net Change in Unrealized Appreciation (Depreciation)	1,981,111	976,251
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	459,493	931,008
Affiliate [Member] | ETU Holdings, Inc. [Member]
Net Change in Unrealized Appreciation (Depreciation)	(1,026,443)	(2,518,080)
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	1,019,812	1,915,718
Affiliate [Member] | Modis Dental Partners OpCo, LLC [Member]
Net Change in Unrealized Appreciation (Depreciation)
Net Realized Gain (Loss) from Investments
Sales
Purchases		8,845,000
Management Fee Income
Total Interest from Investments		656,579
Affiliate [Member] | Alpha Aesthetics Partners OpCo, LLC [Member]
Net Change in Unrealized Appreciation (Depreciation)
Net Realized Gain (Loss) from Investments
Sales
Purchases		10,498,789
Management Fee Income
Total Interest from Investments		670,737
Control [Member]
Net Change in Unrealized Appreciation (Depreciation)	(4,976,759)	(21,381,288)
Net Realized Gain (Loss) from Investments	(55,202,425)
Management Fee Income	1,596,779	3,270,232
Total Interest from Investments	3,528,958	9,322,834
Sales	2,469,797
Purchases	304,768	2,475,000
Total Dividends from Investments	2,212,640	5,911,564
Control [Member] | Netreo Holdings, LLC [Member]
Net Change in Unrealized Appreciation (Depreciation)	3,802,854	(12,083,067)
Net Realized Gain (Loss) from Investments	(6,084,163)
Management Fee Income
Total Interest from Investments	921,530	4,374,804
Sales	2,260,337
Purchases		2,475,000
Total Dividends from Investments
Control [Member] | Pepper Palace, Inc [Member]
Net Change in Unrealized Appreciation (Depreciation)	(1,225,367)
Net Realized Gain (Loss) from Investments	(34,007,427)
Management Fee Income
Total Interest from Investments	1,338
Sales
Purchases
Total Dividends from Investments
Control [Member] | Zollege PBC [Member]
Net Change in Unrealized Appreciation (Depreciation)	160,151
Net Realized Gain (Loss) from Investments	(15,110,835)
Management Fee Income
Total Interest from Investments	110,862
Sales	209,460
Purchases	304,768
Total Dividends from Investments
Control [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Net Change in Unrealized Appreciation (Depreciation)	(297,319)	(4,733,934)
Net Realized Gain (Loss) from Investments
Management Fee Income	1,596,779	3,270,232
Total Interest from Investments
Sales
Purchases
Total Dividends from Investments
Control [Member] | Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member]
Net Change in Unrealized Appreciation (Depreciation)		895,505
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	867,989	1,696,890
Sales
Purchases
Total Dividends from Investments
Control [Member] | Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member]
Net Change in Unrealized Appreciation (Depreciation)	(3,601,789)	43,821
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	746,292	1,469,668
Sales
Purchases
Total Dividends from Investments
Control [Member] | Saratoga Senior Loan Fund I JV, LLC [Member]
Net Change in Unrealized Appreciation (Depreciation)	461,616	(1,800,657)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments	880,948	1,781,472
Sales
Purchases
Total Dividends from Investments
Control [Member] | Saratoga Senior Loan Fund I JV, LLC One [Member]
Net Change in Unrealized Appreciation (Depreciation)	(4,276,905)	(3,702,956)
Net Realized Gain (Loss) from Investments
Management Fee Income
Total Interest from Investments
Sales
Purchases
Total Dividends from Investments	$ 2,212,640	$ 5,911,564

Organization

Organization	6 Months Ended
	Aug. 31, 2024
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 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-MDP, Inc., SIA-PP Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT, Inc. and SIA-Vector, 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. In June 2024, SIA-MAC, Inc. and SIA-VR, Inc. were dissolved. Our wholly owned subsidiaries, Saratoga Investment Corp. SBIC II LP (“SBIC II LP”) and Saratoga Investment Corp. SBIC III LP (“SBIC III LP”, and together with SBIC II LP, the “SBIC Subsidiaries”), received licenses to operate as small business investment companies from the SBA on August 14, 2019 and September 29, 2022, respectively. Each of the SBIC Subsidiaries provides up to $175.0 million in long-term capital in the form of debentures guaranteed by the SBA. Our wholly owned subsidiary Saratoga Investment Corp. SBIC LP (“SBIC LP”) repaid its outstanding debentures and subsequently surrendered its license to the SBA on January 3, 2024, providing the Company access to all undistributed capital of SBIC LP, and SBIC LP subsequently merged with and into the Company. 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. The Company has formed wholly owned special purpose entities organized as Delaware limited liability companies, Saratoga Investment Funding II LLC (“SIF II”) and Saratoga Investment Funding III LLC (“SIF III”) for the purpose of the Encina Credit Facility and the Live Oak Credit Facility (each as defined below), respectively. The senior secured revolving credit facility (the “Encina Credit Facility) with Encina Lender Finance, LLC (“Encina”) is supported by loans held by SIF II and pledged to Encina, and the senior secured revolving credit facility (the “Live Oak Credit Facility”) with Live Oak Banking Company (“Live Oak”) is supported by loans held by SIF III and pledged to Live Oak. 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	6 Months Ended
	Aug. 31, 2024
Summary of Significant 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, SIF II, SIF III, 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-PP, Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., and SIA-Vector, 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 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, FASB ASC Topic 810, Consolidation 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. Operating Segment The Company invests in various industries and separately evaluates the performance of each of its investment relationships. However, because each of these investment relationships have similar business and economic characteristics, they have been aggregated into a single investment segment. All applicable segment disclosures are included in or can be derived from the Company’s consolidated financial statements (See Note 3. Investments 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 August 31, 2024, 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 or the Live Oak Credit Facility held by the Company’s wholly owned subsidiaries, SIF II and SIF III, respectively. 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 and the Live Oak 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 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: August 31, February 29, Cash and cash equivalents $ 84,569,590 $ 8,692,846 Cash and cash equivalents, reserve accounts 77,434,591 31,814,278 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 162,004,181 $ 40,507,124 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. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. 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. 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 management may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection. At August 31, 2024, our investment in two controlled portfolio companies were on non-accrual status with a fair value of approximately $3.6 million, or 0.4% of the fair value of our portfolio. At February 29, 2024, our investment in three non-controlled portfolio companies were on non-accrual status with a fair value of approximately $18.9 million, or 1.7% of the fair value of our portfolio. Interest income on our investment in the subordinated note of 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 may hold 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 management 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 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 generally 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 Corporate 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 imposed 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 non-deductible 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% 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. For the years ended February 29, 2024, 2023 and 2022, the excise tax accrual on estimated excess taxable income was $1.8 million, $1.1 million and $0.6 million, respectively. 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% 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% 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 that are treated as corporations for U.S. federal income tax purposes when making equity investments in portfolio companies taxed as pass-through entities to meet its source-of-income requirements as a RIC (“Corporate Blockers”). Corporate Blockers are consolidated in the Company’s U.S. GAAP financial statements and may result in current and deferred U.S. 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 Corporate 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 Corporate 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 Corporate 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 November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures 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	6 Months Ended
	Aug. 31, 2024
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. Summary of Significant Accounting Policies The following table presents fair value measurements of investments, by major class, as of August 31, 2024 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Net Asset Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 886,176 $ - $ 886,176 Second lien term loans - - 26,361 - 26,361 Unsecured term loans - - 16,280 - 16,280 Structured finance securities - - 23,297 - 23,297 Equity interests - - 83,470 5,127 88,597 Total $ - $ - $ 1,035,584 $ 5,127 $ 1,040,711 * 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 Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. The following table presents fair value measurements of investments, by major class, as of February 29, 2024 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Net Asset Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 976,423 $ - $ 976,423 Second lien term loans - - 18,097 - 18,097 Unsecured term loans - - 15,818 - 15,818 Structured finance securities - - 30,626 - 30,626 Equity interests - - 88,426 9,404 97,830 Total $ - $ - $ 1,129,390 $ 9,404 $ 1,138,794 * 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 Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the six months ended August 31, 2024 (dollars in thousands): First lien term loans Second lien term loans Unsecured term loans Structured finance securities Equity interests Total Balance as of February 29, 2024 $ 976,423 $ 18,097 $ 15,818 $ 30,626 $ 88,426 $ 1,129,390 Payment-in-kind and other adjustments to cost 1,627 7,745 - (3,430 ) 631 6,573 Net accretion of discount on investments 1,281 4 - - - 1,285 Net change in unrealized appreciation (depreciation) on investments 46,044 515 462 (3,899 ) 3,815 46,937 Purchases 41,348 - - - 538 41,886 Sales and repayments (132,875 ) - - - (2,968 ) (135,843 ) Net realized gain (loss) from investments (47,672 ) - - - (6,972 ) (54,644 ) Balance as of August 31, 2024 $ 886,176 $ 26,361 $ 16,280 $ 23,297 $ 83,470 $ 1,035,584 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 $ 245 $ 515 $ 462 $ (3,899 ) $ (684 ) $ (3,361 ) 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. For the six months ended August 31, 2024, non-cash restructurings related to two controlled investments resulting in realized losses of $49.1m were included in net realized (gain) loss from investments on the consolidated statements of cash flows. 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 six months ended August 31, 2024. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the six months ended August 31, 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 800 408 - (3,824 ) (91 ) (2,707 ) Net accretion of discount on investments 858 4 - - - 862 Net change in unrealized appreciation (depreciation) on investments (16,192 ) (22 ) 341 (1,929 ) (924 ) (18,726 ) Purchases 159,113 - - - 8,159 167,272 Sales and repayments (13,721 ) - (3,383 ) - - (17,104 ) Net realized gain (loss) from investments - - - - 91 91 Balance as of August 31, 2023 $ 929,392 $ 15,326 $ 17,619 $ 35,609 $ 91,225 $ 1,089,171 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 $ (16,151 ) $ (22 ) $ (5 ) $ (1,929 ) $ (925 ) $ (19,032 ) 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 six months ended August 31, 2023. The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of August 31, 2024 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted First lien term loans $ 886,176 Market Comparables Market Yield (%) 10.4% - 19.7% 12.7% Revenue Multiples (x) 3.5x 3.5x Third-party Bid (x) 6.9x 6.9x Second lien term loans 26,361 Market Comparables Market Yield (%) 19.5% - 39.0% 34.7% Third-party Bid (x) 12.7x 12.7x EBITDA Multiples (x) 7.0x 7.0x Unsecured term loans 16,280 Discounted Cash Flow Discount Rate (%) 10.5% 10.5% Structured finance securities 23,297 Discounted Cash Flow Discount Rate (%) 8.5% - 40.0% 20.0% Recovery Rate (%) 35.0% - 70.0% 62.1% Prepayment Rate (%) 20.0% 20.0% Equity interests 83,470 Enterprise Value Waterfall Revenue Multiples (x) 0.1x - 9.9x 6.9x EBITDA Multiples (x) 4.0x - 20.4x 9.8x Total $ 1,035,584 * 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 29, 2024 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted First lien term loans $ 976,423 Market Comparables Market Yield (%) 10.6% - 17.2% 13.0% Revenue Multiples (x) 4.6x - 9.4x 6.6x EBITDA Multiples (x) 5.0x - 6.0x 5.6x Third-party bid (x) 3.9x - 4.2x 4.0x Second lien term loans 18,097 Market Comparables Market Yield (%) 19.0% - 28.3% 25.5% EBITDA Multiples (x) 7.0x 7.0x Third-party bid (x) 29.7x 29.7x Unsecured term loans 15,818 Discounted Cash Flow Discount Rate (%) 10.5% 10.5% Structured finance securities 30,626 Discounted Cash Flow Discount Rate (%) 8.5% - 22.0% 15.1% Recovery Rate (%) 35.0% - 70.0% 70.0% Prepayment Rate (%) 20.0% 20.0% Equity interests 88,426 Enterprise Value Waterfall EBITDA Multiples (x) 4.7x - 20.4x 10.4x Revenue Multiples (x) 1.3x - 10.4x 6.3x Third-party bid (x) 3.9x 3.9x Total $ 1,129,390 * 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 August 31, 2024 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Investments at Fair Value First lien term loans $ 883,386 85.0 % $ 886,176 85.2 % Second lien term loans 29,717 2.9 26,361 2.5 Unsecured term loans 17,619 1.7 16,280 1.6 Structured finance securities 39,340 3.8 23,297 2.2 Equity interests 68,980 6.6 88,597 8.5 Total $ 1,039,042 100.0 % $ 1,040,711 100.0 % The composition of our investments as of February 29, 2024 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Investments at Fair Value First lien term loans $ 1,019,678 86.4 % $ 976,423 85.7 % Second lien term loans 21,968 1.9 18,097 1.6 Unsecured term loans 17,619 1.5 15,818 1.4 Structured finance securities 42,769 3.6 30,626 2.7 Equity interests 77,750 6.6 97,830 8.6 Total $ 1,179,784 100.0 % $ 1,138,794 100.0 % 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 August 31, 2024. The inputs at August 31, 2024 for the valuation model include: ● Default rate: 2.0% ● Recovery rate: 35%-70% ● Discount rate: 8.5%-40.0% ● Prepayment rate: 20.0% ● Reinvestment rate / price: S+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 August 31, 2024, excluding Saratoga CLO, SLF JV and SLF 2022 (see Note 4. Investment in Saratoga CLO Investment in SLF JV Invita (fka HemaTerra Holdings Company, LLC) Invita (fka HemaTerra Holding Company, LLC) 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.
Saratoga CLO [Member]
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. On June 10, 2024, the Company completed its fifth refinancing of the Saratoga CLO. This refinancing, among other things, did not extend the Saratoga CLO reinvestment period nor extend its legal maturity, while adjusting the interest rate of two of the existing Notes. The Issuer issued $422.5 million of notes (the “2013-1 2024 Reset CLO Notes”), consisting of Class A-1-R-4 and Class A-2-R-4. The 2013-1 2024 Reset CLO Notes were issued pursuant to the Indenture with the same Trustee. Proceeds of the issuance of the 2013-1 2024 Reset CLO Notes were used along with existing assets of the Saratoga CLO to redeem the existing Class A-1-R-3 and Class A-2-R-3 Notes. No other Notes were refinanced as part of this refinancing. The Saratoga CLO paid $0.5 million of transaction costs related to the refinancing. 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 August 31, 2024 and August 31, 2023, the Company accrued management fee income of $0.8 million and $0.8 million, respectively, and interest income of $0.0 million and $0.0 million, respectively, from the subordinated notes of Saratoga CLO. For the six months ended August 31, 2024 and August 31, 2023, the Company accrued management fee income of $1.6 million and $1.6 million, respectively, and interest income of $0.0 million and $0.0 million, respectively, from the subordinated notes of Saratoga CLO. As of August 31, 2024, 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 $5.8 million and $5.3 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 August 31, 2024, Saratoga CLO had investments with a principal balance of $586.2 million and a weighted average spread over LIBOR of 3.7% and had debt with a principal balance of $582.9 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 August 31, 2024, the present value of the projected future cash flows of the subordinated notes was approximately $5.8 million, using a 40% 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 $88.1 million, management fees of $36.7 million and incentive fees of $1.2 million. As of February 29, 2024, the Company determined that the fair value of its investment in the subordinated notes of Saratoga CLO was $9.5 million. As of February 29, 2024, the fair value of its investment in the Class F-R-3 Notes of Saratoga CLO was $8.9 million. As of February 29, 2024, Saratoga CLO had investments with a principal balance of $640.8 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 29, 2024, the present value of the projected future cash flows of the subordinated notes, was approximately $9.5 million, using a 22.0% discount rate. The Company’s total investment in the subordinate notes of Saratoga CLO is $57.8 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 since received distributions of $84.6 million, management fees of $35.1 million and incentive fees of $1.2 million. Below is certain financial information from the separate financial statements of Saratoga CLO as of August 31, 2024 (unaudited) and February 29, 2024 and for the three and six months ended August 31, 2024 (unaudited) and August 31, 2023 (unaudited). August 31, February 29, (unaudited) ASSETS Investments at fair value Loans at fair value (amortized cost of $572,465,295 and $629,345,724, respectively) $ 552,279,152 $ 606,531,189 Equities at fair value (amortized cost of $5,781,151 and $1,649,986, respectively) 1,803,992 1,020,585 Total investments at fair value (amortized cost of $578,246,446 and $630,995,710, respectively) 554,083,144 607,551,774 Cash and cash equivalents 25,684,819 12,104,832 Receivable from open trades 1,415,378 2,865,174 Interest receivable (net of reserve of $399,327 and $615,604, respectively) 3,534,381 3,402,471 Due from affiliate 3,481 3,953 Prepaid expenses and other assets 60,364 205,400 Total assets $ 584,781,567 $ 626,133,604 LIABILITIES Interest payable $ 4,939,007 $ 5,043,712 Payable from open trades 2,184,855 10,519,573 Accrued base management fee 66,765 68,605 Accrued subordinated management fee 267,061 274,418 Accounts payable and accrued expenses 123,363 84,199 Saratoga Investment Corp. CLO 2013-1, Ltd. Notes: Class A-1-R-3 Senior Secured Floating Rate Notes - 357,500,000 Class A-2-R-3 Senior Secured Floating Rate Notes - 65,000,000 Class A-1-R-4 Senior Secured Floating Rate Notes 329,433,729 - Class A-2-R-4 Senior Secured Floating Rate Notes 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 (207,968 ) (220,100 ) Class E-R-3 Deferrable Mezzanine Floating Rate Notes 27,625,000 27,625,000 Discount on Class E-R-3 Notes (2,160,554 ) (2,286,598 ) 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 (1,303,627 ) (1,707,224 ) Subordinated Notes 111,000,000 111,000,000 Discount on Subordinated Notes (34,171,472 ) (36,164,988 ) Total liabilities 663,671,159 697,611,597 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) (78,889,842 ) (71,478,243 ) Total net deficit (78,889,592 ) (71,477,993 ) Total liabilities and net assets $ 584,781,567 $ 626,133,604 For the three months ended For the six months ended August 31, August 31, August 31, August 31, INVESTMENT INCOME Total interest from investments $ 14,579,025 $ 15,662,824 $ 30,653,197 $ 30,640,303 Interest from cash and cash equivalents 330,398 156,192 563,896 341,236 Other income 465,627 216,150 1,100,396 470,224 Total investment income 15,375,050 16,035,166 32,317,489 31,451,763 EXPENSES Interest and debt financing expenses 13,744,549 14,780,606 28,930,970 28,704,737 Base management fee 158,465 163,450 319,356 326,808 Subordinated management fee 633,859 653,801 1,277,423 1,307,231 Professional fees 350,029 133,365 408,834 172,891 Trustee expenses 61,273 66,540 123,478 129,034 Other expense 71,025 68,889 176,563 139,885 Total expenses 15,019,200 15,866,651 31,236,624 30,780,586 NET INVESTMENT INCOME (LOSS) 355,850 168,515 1,080,865 671,177 REALIZED AND UNREALIZED LOSS ON INVESTMENTS Net realized loss from investments (2,795,356 ) (641,267 ) (7,193,885 ) (2,749,834 ) Net change in unrealized depreciation on investments (3,662,317 ) 13,352,743 (719,366 ) 3,015,505 Net realized and unrealized gain (loss) on investments (6,457,673 ) 12,711,476 (7,913,251 ) 265,671 Realized losses on extinguishment of debt (579,213 ) - (579,213 ) - NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (6,681,036 ) $ 12,879,991 $ (7,411,599 ) $ 936,848 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Altisource Solutions S.a r.l. Banking, Finance, Insurance & Real Estate Common Stock Equity 15,981 $ - $ 18,538 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Common Stock Equity 23,799 660,422 630,674 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Warrants Equity 349 9,685 9,249 Envision Parent Inc Healthcare & Pharmaceuticals Common Stock Equity 4,410 175,000 47,408 Envision Parent Inc Healthcare & Pharmaceuticals Warrants Equity 92,837 - - Instant Brands Litigation Trust Interests Consumer goods: Durable Warrants Equity 8,572 - 42,860 Isagenix International, LLC Beverage, Food & Tobacco Common Stock Equity 86,398 - - Research Now Group, Inc Media: Advertising, Printing & Publishing Common Stock Equity 39,808 557,312 617,024 Resolute Investment Managers (American Beacon), Inc. Banking, Finance, Insurance & Real Estate Common Stock Equity 24,320 1,034,581 21,888 URS TOPCO LLC Transportation: Cargo Common Stock Equity 25,330 440,405 394,500 1011778 B.C Unltd Liability Co Beverage, Food & Tobacco Term Loan B6 Loan 1M USD SOFR+ 1.75 % 0.00 % 7.00 % 9/20/2030 $ 1,443,881 1,425,138 1,431,478 19TH HOLDINGS GOLF, LLC Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 8.70 % 2/7/2029 2,461,090 2,379,021 2,407,758 888 Acquisitions Limited Hotel, Gaming & Leisure Term Loan B Loan 6M USD SOFR+ 5.25 % 0.00 % 10.58 % 7/8/2028 3,059,319 2,788,548 2,987,303 Adtalem Global Education Inc. Services: Business Term Loan B (08/24) Loan 1M USD SOFR+ 2.75 % 0.75 % 8.00 % 8/12/2028 582,329 578,845 582,695 Aegis Sciences Corporation Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 1.00 % 10.87 % 5/9/2025 2,287,755 2,285,186 1,618,587 Agiliti Health Inc. Healthcare & Pharmaceuticals Term Loan B (03/23) Loan 3M USD SOFR+ 3.00 % 0.00 % 8.33 % 5/1/2030 2,165,053 2,150,540 2,147,473 AHEAD DB Holdings, LLC Services: Business Term Loan B3 (07/24) Loan 3M USD SOFR+ 3.50 % 0.75 % 8.80 % 2/1/2031 2,910,206 2,849,335 2,913,116 Air Canada Transportation: Consumer Term Loan B (03/24) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.85 % 3/21/2031 997,500 995,015 996,672 AIT Worldwide Logistics Holdings, Inc. Transportation: Cargo Term Loan (04/21) Loan 3M USD SOFR+ 4.75 % 0.75 % 9.87 % 4/6/2028 2,462,025 2,336,394 2,461,508 AlixPartners, LLP Banking, Finance, Insurance & Real Estate Term Loan B (01/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.86 % 2/4/2028 241,875 241,708 242,738 Alkermes, Inc. Healthcare & Pharmaceuticals Term Loan B (3/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.89 % 3/12/2026 2,093,757 2,086,541 2,096,374 Allen Media, LLC Media: Diversified & Production Term Loan (7/21) Loan 3M USD SOFR+ 5.50 % 0.00 % 10.98 % 2/10/2027 4,326,473 4,309,765 2,850,064 Alliant Holdings Intermediate, LLC Banking, Finance, Insurance & Real Estate Term Loan (12/23) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.81 % 11/6/2030 799,019 798,965 801,152 Allied Universal Holdco LLC Services: Business Term Loan 4/21 Loan 1M USD SOFR+ 3.75 % 0.50 % 9.10 % 5/12/2028 1,945,000 1,939,536 1,932,688 Alterra Mountain Company (Intrawest Resort Holdings) Hotel, Gaming & Leisure Term Loan B5 (03/24) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.75 % 5/31/2030 250,000 250,000 251,043 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Altisource Solutions S.a r.l. (c) Banking, Finance, Insurance & Real Estate Term Loan B (03/18) Loan 3M USD SOFR+ 5.00 % 1.00 % 10.43 % 4/30/2025 1,131,980 1,132,120 605,609 Altium Packaging LLC Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 2.50 % 0.00 % 7.75 % 6/11/2031 485,000 483,792 482,881 Amer Sports Oyj (MASCOT BIDCO OY) Consumer goods: Durable USD Term Loan B (01/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 8.35 % 2/7/2031 498,750 496,552 499,373 American Axle & Manufacturing Inc. Automotive Term Loan (12/22) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.33 % 12/13/2029 480,000 468,336 481,320 American Greetings Corporation Media: Advertising, Printing & Publishing Term Loan B (04/24) Loan 1M USD SOFR+ 5.75 % 0.00 % 11.00 % 10/30/2029 2,964,091 2,962,682 2,979,474 American Trailer World Corp Automotive Term Loan Loan 1M USD SOFR+ 3.75 % 0.75 % 9.10 % 3/3/2028 1,357,439 1,356,288 1,249,522 AmWINS Group, LLC Banking, Finance, Insurance & Real Estate Term Loan 2/21 Loan 1M USD SOFR+ 2.25 % 0.75 % 7.61 % 2/17/2028 1,930,035 1,916,085 1,932,447 Anastasia Parent LLC Consumer goods: Non-durable Term Loan Loan 3M USD SOFR+ 3.75 % 0.00 % 9.35 % 8/11/2025 942,500 941,632 673,218 Anchor Packaging, LLC Containers, Packaging & Glass Term Loan (4/24) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.00 % 7/18/2029 1,954,167 1,936,125 1,960,030 AP Core Holdings II LLC High Tech Industries Term Loan B1 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.86 % 9/1/2027 1,725,000 1,710,216 1,513,067 AP Core Holdings II LLC High Tech Industries Term Loan B2 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.86 % 9/1/2027 500,000 495,721 433,595 APEX GROUP TREASURY LLC Banking, Finance, Insurance & Real Estate Term Loan B (07/24) Loan 6M USD SOFR+ 4.00 % 0.00 % 9.08 % 7/27/2028 492,500 468,408 494,963 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.11 % 5/15/2026 2,893,401 2,878,566 2,850,000 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B1 (2/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 3/6/2028 967,500 961,922 931,219 AppLovin Corporation High Tech Industries Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.75 % 8/19/2030 967,193 967,193 968,102 AppLovin Corporation High Tech Industries Term Loan B (3/24) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.75 % 10/25/2028 1,470,066 1,468,205 1,471,286 AqGen Ascensus, Inc. Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 8/2/2028 497,383 494,003 498,005 Aramark Services, Inc. Services: Consumer Term Loan Loan 1M USD SOFR+ 1.75 % 0.00 % 7.11 % 1/15/2027 2,331,250 2,299,079 2,331,250 Aramark Services, Inc. Services: Consumer Term Loan B7 (03/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.25 % 4/6/2028 1,753,715 1,749,098 1,757,223 ARC FALCON I INC. Chemicals, Plastics, & Rubber Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 9/23/2028 976,274 974,109 974,380 ARCIS GOLF LLC Services: Consumer Term Loan B Loan 1M USD SOFR+ 3.75 % 0.50 % 9.11 % 11/24/2028 495,490 491,354 496,521 Aretec Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan B 2 Loan 1M USD SOFR+ 4.00 % 0.00 % 9.25 % 8/9/2030 2,629,488 2,615,350 2,571,271 Aspire Bakeries Holdings, LLC Beverage, Food & Tobacco Term loan Loan 1M USD SOFR+ 4.25 % 0.00 % 9.53 % 12/23/2030 897,750 889,500 899,438 Assuredpartners Inc. Banking, Finance, Insurance & Real Estate Term Loan B5 (02/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.75 % 2/14/2031 1,296,750 1,295,177 1,298,864 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B10 Loan 1M USD SOFR+ 4.00 % 0.00 % 9.35 % 8/19/2028 1,965,000 1,893,128 1,944,996 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B8 Loan 1M USD SOFR+ 3.25 % 0.00 % 8.61 % 12/18/2026 2,919,478 2,915,555 2,905,055 ATHENAHEALTH GROUP INC. Healthcare & Pharmaceuticals Term Loan B (2/22) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 2/15/2029 1,310,485 1,306,886 1,299,254 Avolon TLB Borrower 1 (US) LLC Capital Equipment Term Loan B6 Loan 1M USD SOFR+ 2.00 % 0.00 % 7.31 % 6/22/2028 1,476,331 1,428,121 1,481,410 Axalta Coating Systems Dutch Holding B B.V. Chemicals, Plastics, & Rubber Term Loan B6 (03/24) Loan 3M USD SOFR+ 2.00 % 0.50 % 7.33 % 12/20/2029 853,218 846,504 855,266 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair AZURITY PHARMACEUTICALS, INC. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 6.62 % 0.75 % 11.98 % 9/20/2027 437,500 429,719 430,391 B&G Foods, Inc. Beverage, Food & Tobacco Term Loan B Loan 3M USD SOFR+ 3.50 % 0.00 % 8.56 % 10/10/2029 533,621 531,838 528,728 BAKELITE UK INTERMEDIATE LTD. Chemicals, Plastics, & Rubber Term Loan (5/24) Loan 3M USD SOFR+ 3.50 % 0.50 % 8.83 % 5/29/2029 1,481,231 1,475,470 1,485,867 Baldwin Insurance Group Holdings, LLC Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 5/26/2031 1,648,521 1,637,973 1,646,461 Belfor Holdings Inc. Services: Consumer Term Loan B-1 (11/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.00 % 11/1/2030 1,498,834 1,485,415 1,502,581 Belron Finance US LLC Automotive Term Loan B Loan 3M USD SOFR+ 2.25 % 0.50 % 7.63 % 4/18/2029 247,500 247,500 248,428 Belron Finance US LLC Automotive Term Loan B Loan 3M USD SOFR+ 1.93 % 0.50 % 7.32 % 4/13/2028 1,935,000 1,935,000 1,939,238 Bengal Debt Merger Sub LLC Beverage, Food & Tobacco Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 8.69 % 1/24/2029 1,960,000 1,959,365 1,692,244 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 7.62 % 4/23/2026 964,557 961,929 945,266 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan (6/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.12 % 4/23/2026 1,442,772 1,438,274 1,417,524 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 2.75 % 0.00 % 8.00 % 1/22/2031 1,432,970 1,429,358 1,433,328 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan B3 Loan 1M USD SOFR+ 2.75 % 0.50 % 8.00 % 12/13/2029 491,288 481,298 491,376 Boost Newco Borrower, LLC (Worldpay) Banking, Finance, Insurance & Real Estate Term Loan (06/24) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.75 % 1/31/2031 500,000 497,743 500,355 Boxer Parent Company, Inc. High Tech Industries Term Loan B (06/24) Loan 3M USD SOFR+ 3.75 % 0.00 % 9.01 % 7/3/2031 1,007,194 1,002,844 1,004,051 BrightSpring Health Services (Phoenix Guarantor) Healthcare & Pharmaceuticals Term Loan (02/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 2/21/2031 970,069 970,069 970,932 BroadStreet Partners, Inc. Banking, Finance, Insurance & Real Estate Term Loan B-4 Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 6/14/2031 2,910,884 2,908,733 2,908,788 Brookfield WEC Holdings Inc. Energy: Electricity Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.00 % 1/27/2031 1,447,688 1,447,688 1,448,528 BROWN GROUP HOLDING, LLC Aerospace & Defense Term Loan B-2 Loan 3M USD SOFR+ 2.75 % 0.00 % 8.00 % 7/1/2031 492,516 482,330 492,122 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B 3 Loan 1M USD SOFR+ 2.00 % 0.00 % 7.25 % 11/1/2026 907,689 905,055 911,093 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B4 (05/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.25 % 11/22/2030 666,671 664,490 666,778 BW Gas & Convenience Holdings LLC Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 3/31/2028 2,425,000 2,411,089 2,431,063 Callaway Golf Company Retail Term Loan B Loan 1M USD SOFR+ 3.00 % 0.00 % 8.25 % 3/16/2030 473,750 469,672 468,814 Calpine Corporation Utilities: Electric Term Loan B10 (01/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.25 % 1/31/2031 1,995,000 1,985,366 1,992,965 Camping World, Inc. Retail Term Loan B (5/21) Loan 1M USD SOFR+ 2.50 % 0.75 % 7.86 % 6/5/2028 2,449,367 2,283,646 2,330,989 CAPSTONE BORROWER INC Services: Business Term Loan B (05/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 8.58 % 6/17/2030 877,065 865,562 880,907 CareerBuilder, LLC (c) Services: Business Term Loan B3 Loan 1M USD SOFR+ 2.50 % 0.00 % 7.86 % 7/31/2026 4,002,879 3,987,650 320,230 Castle US Holding Corporation Media: Advertising, Printing & Publishing Term Loan B (USD) Loan 3M USD SOFR+ 3.75 % 0.00 % 9.07 % 1/27/2027 1,938,267 1,932,746 1,172,651 CASTLELAKE AVIATION LLC Aerospace & Defense Term Loan B Loan 3M USD SOFR+ 2.75 % 0.50 % 8.09 % 10/21/2027 985,000 979,547 987,463 CBL & Associates Limited Partnership Retail Term Loan 11/21 Loan 1M USD SOFR+ 2.75 % 1.00 % 8.21 % 11/1/2025 2,315,548 2,111,768 2,158,276 CCC Intelligent Solutions Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 2.25 % 0.50 % 7.61 % 9/16/2028 243,750 243,465 243,826 CCI Buyer, Inc Telecommunications Term Loan Loan 3M USD SOFR+ 4.00 % 0.75 % 9.33 % 12/17/2027 241,875 240,555 242,177 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 4.25 % 0.50 % 9.69 % 3/5/2028 985,000 948,557 854,488 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 4.25 % 0.75 % 9.61 % 3/5/2028 967,500 964,900 850,597 CCS-CMGC Holdings, Inc. Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 0.00 % 10.82 % 9/25/2025 2,362,500 2,358,436 1,498,912 CDK GLOBAL, INC. High Tech Industries Term Loan B (05/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 8.58 % 7/6/2029 992,500 969,310 982,823 CENTURI GROUP, INC. Construction & Building Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.87 % 8/27/2028 726,092 721,684 724,843 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Charlotte Buyer, Inc. Services: Business Term Loan B (07/24) Loan 1M USD SOFR+ 4.75 % 0.50 % 10.08 % 2/11/2028 1,477,500 1,405,241 1,485,301 Chemours Company, (The) Chemicals, Plastics, & Rubber Term Loan B2 Loan 1M USD SOFR+ 3.50 % 0.50 % 8.75 % 8/18/2028 2,381,718 2,347,211 2,375,764 Churchill Downs Incorporated Hotel, Gaming & Leisure Term Loan B1 (3/21) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.35 % 3/17/2028 483,750 483,217 483,750 CIMPRESS PUBLIC LIMITED COMPANY Media: Advertising, Printing & Publishing Term Loan B1 (05/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.25 % 5/17/2028 1,949,936 1,883,863 1,949,117 CITADEL SECURITIES LP Banking, Finance, Insurance & Real Estate Term Loan B (01/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.50 % 7/29/2030 4,839,048 4,839,048 4,847,516 Citco Funding LLC Banking, Finance, Insurance & Real Estate Term Loan B (06/24) Loan 3M USD SOFR+ 2.75 % 0.50 % 8.10 % 4/27/2028 992,513 988,572 997,475 Clarios Global LP Automotive Term Loan B (07/24) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.75 % 5/6/2030 1,197,000 1,192,024 1,197,994 Claros Mortgage Trust, Inc Banking, Finance, Insurance & Real Estate Term Loan B-1 (11/21) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.85 % 8/9/2026 3,386,534 3,375,262 3,200,274 CLYDESDALE ACQUISITION HOLDINGS, INC. Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 3.18 % 0.50 % 8.42 % 4/13/2029 1,220,000 1,197,598 1,217,584 Columbus McKinnon Corporation Capital Equipment Term Loan (03/24) Loan 3M USD SOFR+ 2.50 % 0.50 % 7.83 % 5/14/2028 378,325 377,813 379,509 Conduent, Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 4.25 % 0.50 % 9.61 % 10/16/2028 208,666 204,439 207,623 Connect Finco SARL Telecommunications Term Loan B (03/24) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.75 % 9/11/2029 2,880,281 2,809,410 2,797,473 Consolidated Communications, Inc. Telecommunications Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.86 % 10/2/2027 2,714,005 2,572,136 2,592,716 CORAL-US CO-BORROWER LLC Telecommunications Term Loan B-5 Loan 1M USD SOFR+ 2.25 % 0.00 % 7.70 % 1/31/2028 4,000,000 3,991,962 3,948,000 Corelogic, Inc. Services: Business Term Loan (4/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 6/2/2028 2,431,250 2,424,504 2,397,820 Cortes NP Acquisition Corp (Vertiv) Capital Equipment Term Loan B (05/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.34 % 3/2/2027 1,930,437 1,930,437 1,934,954 Creative Artists Agency, LLC Media: Diversified & Production Term Loan B Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 11/27/2028 1,580,064 1,571,122 1,586,479 CROCS INC Consumer goods: Durable Term Loan B (01/24) Loan 1M USD SOFR+ 2.25 % 0.50 % 7.50 % 2/19/2029 922,500 895,746 925,157 Cross Financial Corp Banking, Finance, Insurance & Real Estate Term Loan B2 Loan 1M USD SOFR+ 3.50 % 0.75 % 8.75 % 9/15/2027 486,281 486,231 487,195 Crown Subsea Communications Holding, Inc. Construction & Building Term Loan B Loan 3M USD SOFR+ 4.00 % 0.75 % 9.25 % 1/30/2031 2,400,000 2,378,157 2,413,992 CSC Holdings LLC (Neptune Finco Corp.) Media: Broadcasting & Subscription Term Loan 12/22 Loan 1M USD SOFR+ 4.50 % 0.00 % 9.84 % 1/15/2028 2,364,032 2,357,265 2,251,740 CSC Holdings LLC (Neptune Finco Corp.) Media: Broadcasting & Subscription Term Loan B-5 Loan 1M USD LIBOR+ 2.50 % 0.00 % 7.95 % 4/15/2027 477,500 477,500 401,339 CTC Holdings, LP Banking, Finance, Insurance & Real Estate Term Loan B Loan 3M USD SOFR+ 5.00 % 0.50 % 10.27 % 2/15/2029 2,199,375 2,159,261 2,182,880 CTS Midco, LLC High Tech Industries Term Loan B Loan 3M USD SOFR+ 6.00 % 1.00 % 11.51 % 11/2/2027 1,928,210 1,898,801 1,920,980 Dave & Buster’s Inc. Hotel, Gaming & Leisure Term Loan B (1/24) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 6/29/2029 985,069 947,486 983,227 DCert Buyer, Inc. High Tech Industries Term Loan Loan 1M USD SOFR+ 4.00 % 0.00 % 9.25 % 10/16/2026 1,447,103 1,447,103 1,415,904 Delek US Holdings, Inc. Utilities: Oil & Gas Term Loan B (11/22) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 11/16/2029 5,319,000 5,225,625 5,314,585 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Delta 2 Lux Sarl Hotel, Gaming & Leisure Term Loan B Loan 3M USD SOFR+ 2.25 % 0.50 % 7.58 % 1/15/2030 2,000,000 1,991,966 2,007,500 Derby Buyer LLC Chemicals, Plastics, & Rubber Term Loan (5/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.84 % 11/1/2030 623,438 614,878 624,217 DexKo Global, Inc. (Dragon Merger) Automotive Term Loan (9/21) Loan 3M USD SOFR+ 3.75 % 0.50 % 9.35 % 10/4/2028 977,500 974,845 954,656 DG Investment Intermediate Holdings 2, Inc. Aerospace & Defense Incremental Term Loan (3/22) Loan 1M USD SOFR+ 4.75 % 0.75 % 10.00 % 3/31/2028 491,250 476,791 491,559 Diamond Sports Group, LLC Media: Broadcasting & Subscription 1st Priority Term Loan Loan 1M USD SOFR+ 10.00 % 1.00 % 15.44 % 5/25/2026 152,224 149,983 138,632 DIRECTV FINANCING, LLC Media: Broadcasting & Subscription Term Loan (1/24) Loan 1M USD SOFR+ 5.25 % 0.75 % 10.71 % 8/2/2029 3,046,450 3,028,017 3,031,918 DISCOVERY PURCHASER CORPORATION Chemicals, Plastics, & Rubber Term Loan Loan 3M USD SOFR+ 4.38 % 0.50 % 9.69 % 10/4/2029 1,477,612 1,383,730 1,476,031 Dispatch Acquisition Holdings, LLC Environmental Industries Term Loan B (3/21) Loan 3M USD SOFR+ 4.25 % 0.75 % 9.73 % 3/25/2028 485,000 482,285 409,219 DOMTAR CORPORATION Forest Products & Paper Term Loan 9/21 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.86 % 11/30/2028 3,157,692 3,107,270 3,049,162 DOTDASH MEREDITH, INC. Media: Advertising, Printing & Publishing Term Loan B Loan 1M USD SOFR+ 4.00 % 0.50 % 9.44 % 11/30/2028 1,964,646 1,813,703 1,962,191 DRI HOLDING INC. Media: Advertising, Printing & Publishing Term Loan (12/21) Loan 1M USD SOFR+ 5.25 % 0.50 % 10.60 % 12/15/2028 3,912,450 3,799,628 3,755,952 DRW Holdings, LLC Banking, Finance, Insurance & Real Estate Term Loan B (06/24) Loan 6M USD SOFR+ 3.50 % 0.00 % 8.59 % 6/17/2031 6,305,000 6,278,088 6,310,927 DTZ U.S. Borrower, LLC Construction & Building Term Loan B (04/24) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.00 % 1/31/2030 1,097,250 1,073,039 1,099,993 DTZ U.S. Borrower, LLC Construction & Building Term Loan Loan 1M USD SOFR+ 2.75 % 0.00 % 8.11 % 8/21/2025 49,419 49,382 49,357 DTZ U.S. Borrower, LLC Construction & Building Term Loan B1 (06/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.25 % 1/31/2030 2,019,155 2,017,439 2,014,107 Dye & Durham Corporation Services: Business Term Loan B (04/24) Loan 3M USD SOFR+ 4.25 % 1.00 % 9.68 % 4/11/2031 1,500,000 1,478,254 1,503,750 EAB Global, Inc. Services: Business Term Loan (08/21) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 8/16/2028 975,007 972,383 971,350 Echo Global Logistics, Inc. Services: Business Term Loan Loan 1M USD SOFR+ 3.75 % 0.50 % 9.10 % 11/23/2028 1,955,000 1,952,876 1,937,581 Edelman Financial Group Inc., The Banking, Finance, Insurance & Real Estate Term Loan B (05/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 4/7/2028 2,160,773 2,156,819 2,161,746 ELECTRON BIDCO INC. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 3.00 % 0.50 % 8.36 % 11/1/2028 488,750 487,442 489,635 ELO Touch Solutions, Inc. Media: Diversified & Production Term Loan (12/18) Loan 1M USD SOFR+ 6.50 % 0.00 % 11.86 % 12/14/2025 2,201,776 2,179,600 2,185,813 Embecta Corp Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 3.00 % 0.50 % 8.25 % 3/30/2029 3,084,096 3,033,788 3,023,463 Emrld Borrower LP Capital Equipment Term Loan B (04/23) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.56 % 5/31/2030 995,000 990,650 994,274 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Exit Term Loan B (04/24) Loan 3M USD SOFR+ 4.50 % 0.50 % 9.78 % 4/9/2031 2,000,000 1,981,089 1,995,000 Endure Digital, Inc. High Tech Industries Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.96 % 2/10/2028 2,425,000 2,418,676 2,158,250 Entain Holdings (Gibraltar) Limited Hotel, Gaming & Leisure Term Loan B3 (5/24) Loan 6M USD SOFR+ 2.75 % 0.50 % 8.01 % 10/31/2029 1,483,744 1,469,816 1,485,598 EOS U.S. FINCO LLC Transportation: Cargo Term Loan Loan 6M USD SOFR+ 6.00 % 0.50 % 11.26 % 10/6/2029 962,500 900,574 794,784 Equiniti Group PLC Services: Business Term Loan B Loan 6M USD SOFR+ 4.50 % 0.50 % 10.01 % 12/11/2028 975,000 968,670 982,313 Evertec Group LLC Banking, Finance, Insurance & Real Estate Term Loan B (09/23) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 10/30/2030 1,125,000 1,109,641 1,133,438 EyeCare Partners, LLC Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 1.00 % 0.00 % 6.38 % 11/30/2028 12,285 13,510 7,678 Fiesta Purchaser, Inc. Beverage, Food & Tobacco First Lien TLB Loan 1M USD SOFR+ 4.00 % 0.00 % 9.25 %
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% per annum and is due and payable in full on October 20, 2033. As of August 31, 2024, 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 August 31, 2024 and February 29, 2024, the Company’s investment in the unsecured note of SLF JV had a fair value of $16.3 million and $15.8 million, respectively, and the Company’s investment in the membership interests of SLF JV had a fair value of $5.1 million and $9.4 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 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 SLF JV. For the three months ended August 31, 2024 and August 31, 2023, the Company earned $0.4 million and $0.4 million, respectively, of interest income related to SLF JV, which is included in interest income on control investments. For the six months ended August 31, 2024 and August 31, 2023, the Company earned $0.9 million and $0.9 million, respectively, of interest income related to SLF JV, which is included in interest income on control investments. As of August 31, 2024 and February 29, 2024, $0.2 million and $0.2 million, respectively, of interest income related to SLF JV was included in interest receivable on the consolidated statements of assets and liabilities. For the three months ended August 31, 2024 and August 31, 2023, the Company earned $0.9 million and $1.5 million, respectively, of dividend income related to SLF JV, which is included in dividend income on control investments. For the six months ended August 31, 2024 and August 31, 2023, the Company earned $2.2 million and $3.4 million, respectively, of dividend income related to SLF JV, which is included in dividend income on control investments. As of August 31, 2024 and February 29, 2024, $0.0 million and $0.0 million, respectively, of dividend income related to SLF JV was included in dividend receivable on the consolidated statements of assets and liabilities.. 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 August 31, 2024 and February 29, 2024, the fair value of these Class E Notes were $12.3 million and $12.3 million, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Aug. 31, 2024
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-PP Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., and SIA-Vector, 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 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 Corporate 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. In June 2024, SIA-MAC, Inc. and SIA-VR, Inc. were dissolved. 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 August 31, 2024 and February 29, 2024 were as follows: August 31, February 29, Total deferred tax assets $ 1,775,324 $ 2,650,580 Total deferred tax liabilities (4,522,183 ) (3,901,995 ) Valuation allowance on net deferred tax assets (1,671,021 ) (2,539,735 ) Net deferred tax liability $ (4,417,880 ) $ (3,791,150 ) As of August 31, 2024, the valuation allowance on deferred tax assets was $1.7 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 August 31, 2024 includes $0.2 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, $0.0 million income tax provision/benefit from realized gain/(loss) on investments and $0.12 million net change in total operating expense in the consolidated statement of operations, respectively. Net income tax expense for the three months ended August 31, 2023 includes $0.2 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, $0.0 million income tax provision/benefit from realized gain/(loss) 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 six months ended August 31, 2024 includes $0.6 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, $0.0 million income tax provision/benefit from realized gain/(loss) on investments and $0.06 million net change in total operating expense in the consolidated statement of operations, respectively. Net income tax expense for the six months ended August 31, 2023 includes $0.2 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, $0.0 million income tax provision/benefit from realized gain/(loss) on investments and ($0.2) 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 six months ended August 31, 2024 and August 31, 2023: For the three months ended For the six months ended August 31, August 31, August 31, August 31, Current Federal $ - $ - $ - $ - State - - - Net current expense - - - - Deferred Federal 268,114 (23,832 ) 590,581 (38,741 ) State 12,993 7,708 36,150 8,680 Net deferred expense 281,107 (16,124 ) 626,731 (30,060 ) Net tax provision $ 281,107 $ (16,124 ) $ 626,731 $ (30,060 )

Agreements and Related Party Tr

Agreements and Related Party Transactions	6 Months Ended
	Aug. 31, 2024
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 8, 2024, 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 our 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% 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% 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% 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 August 31, 2024 and August 31, 2023, the Company incurred $4.8 million and $4.8 million in base management fees, respectively. For the three months ended August 31, 2024 and August 31, 2023, the Company incurred $4.6 million and $3.3 million in incentive fees related to pre-incentive fee net investment income, respectively. For the three months ended August 31, 2024 and August 31, 2023, the Company accrued an expense (benefit) of ($0.0) million and ($0.8) million in incentive fees related to capital gains. For the six months ended August 31, 2024 and August 31, 2023, the Company incurred $9.7 million and $9.4 million in base management fees, respectively. For the six months ended August 31, 2024 and August 31, 2023, the Company incurred $8.1 million and $6.5 million in incentive fees related to pre-incentive fee net investment income, respectively. For the six months ended August 31, 2024 and August 31, 2023, the Company accrued an expense (benefit) of ($0.0) million and ($3.9) 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 August 31, 2024, the base management fees accrual was $4.8 million and the incentive fees accrual was $4.6 million and is included in base management and incentive fees payable in the accompanying consolidated statements of assets and liabilities. As of February 29, 2024, the base management fees accrual was $5.0 million and the incentive fees accrual was $3.2 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, with the most renewal occurring on July 8, 2024. Since its inception the amount of expenses payable or reimbursable by the Company under the Administration Agreement has been subject to a cap that is reviewed annually in connection with the renewal of the Administration Agreement. Most recently, on August 1, 2024, the Company’s board of directors approved the renewal of the Administration Agreement for an additional one-year term and determined to increase the cap on the payment or reimbursement of expenses by the Company from $4.3 million to $5.0 million, effective August 1, 2024. The Company’s board of directors will continue to assess the cap on payment or reimbursement of expenses on an annual basis. For the three months ended August 31, 2024 and August 31, 2023, the Company recognized $1.1 million and $0.9 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 six months ended August 31, 2024 and August 31, 2023, the Company recognized $2.2 million and $1.8 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. As of August 31, 2024 and February 29, 2024, $0.8 million and $0.5 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. Investment in Saratoga CLO 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. On June 10, 2024, the Company completed its fifth refinancing of the Saratoga CLO. This refinancing, among other things, did not extend the Saratoga CLO reinvestment period nor extend its legal maturity, while adjusting the interest rate of two of the existing Notes. The Issuer issued $422.5 million of notes, consisting of Class A-1-R-4 and Class A-2-R-4. The 2013-1 2024 Reset CLO Notes were issued pursuant to the Indenture with the same Trustee. Proceeds of the issuance of the 2013-1 2024 Reset CLO Notes were used along with existing assets of the Saratoga CLO to redeem the existing Class A-1-R-3 and Class A-2-R-3 Notes. No other Notes were refinanced as part of this refinancing. The Saratoga CLO paid $0.5 million of transaction costs related to the refinancing. For the three months ended August 31, 2024 and August 31, 2023, the Company recognized management fee income of $0.8 million and $0.8 million, respectively, related to the Saratoga CLO. For the six months ended August 31, 2024 and August 31, 2023, the Company recognized management fee income of $1.6 million and $1.6 million, respectively, related to the Saratoga CLO. For the six months ended August 31, 2024 and August 31, 2023, 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. The Company records interest income from its investment in an unsecured loan with SLF JV on an accrual basis and records dividend income from its membership interest when earned. All operating decisions are shared with a 50% voting interest in SLF JV. 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 August 31, 2024, the Company’s investment in the SLF JV had a fair value of $21.4 million, consisting of an unsecured loan of $16.3 million and membership interest of $5.1 million. For the three months ended August 31, 2024, the Company had $0.4 million of interest income related to SLF JV, of which $0.2 million was included in interest receivable on the consolidated statements of assets and liabilities as of August 31, 2024. For the three months ended August 31, 2023, the Company had $0.4 million of interest income related to SLF JV, of which $0.2 million was included in interest receivable on the consolidated statements of assets and liabilities as of August 31, 2023. For the three months ended August 31, 2024, the Company had $0.9 million of dividend income related to SLF JV, of which $0.0 million was included in dividend receivable on the consolidated statements of assets and liabilities as of August 31, 2024. For the three months ended August 31, 2023, the Company had $1.5 million of dividend income related to SLF JV, of which $0.0 million was included in dividend receivable on the consolidated statements of assets and liabilities and Liabilities as of August 31, 2023. For the six months ended August 31, 2024, the Company had $0.9 million of interest income related to SLF JV, of which $0.2 million was included in interest receivable on the consolidated statements of assets and liabilities as of August 31, 2024. For the six months ended August 31, 2023, the Company had $0.9 million of interest income related to SLF JV, of which $0.2 million was included in interest receivable on the consolidated statements of assets and liabilities as of August 31, 2023. For the six months ended August 31, 2024, the Company had $2.2 million of dividend income related to SLF JV, of which $0.0 million was included in dividend receivable on the consolidated statements of assets and liabilities as of August 31, 2024. For the six months ended August 31, 2023, the Company had $3.4 million of dividend income related to SLF JV, of which $0.0 million was included in dividend receivable on the consolidated statements of assets and liabilities as of August 31, 2023. 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	6 Months Ended
	Aug. 31, 2024
Borrowings [Abstract]
Borrowings	Note 8. Borrowings 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 159.6% as of August 31, 2024 and 161.1% as of February 29, 2024. Revolving Credit Facilities and Term Facility 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%. Madison Credit Facility 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 “Encina Credit Agreement”) relating to a $50.0 million senior secured revolving credit facility with Encina, 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 Encina and the Company of a replacement benchmark rate. On January 27, 2023, we entered into the first amendment to the Encina 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 Encina 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 Encina 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 August 31, 2024 and February 29, 2024, there were $32.5 million and $35.0 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 Encina 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 August 31, 2024 and August 31, 2023, we recorded $0.8 million and $0.9 million of interest expense related to the Encina Credit Facility, respectively, which includes commitment and administrative agent fees. For the three months ended August 31, 2024 and August 31, 2023, 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 August 31, 2024 and August 31, 2023, the weighted average interest rate on the outstanding borrowings under the Encina Credit Facility was 9.89% and 9.75%, respectively, and the average dollar amount of outstanding borrowings under the Encina Credit Facility was $32.5 million and $35.0 million, respectively. For the six months ended August 31, 2024 and August 31, 2023, we recorded $1.7 million and $2.0 million of interest expense related to the Encina Credit Facility, respectively, which includes commitment and administrative agent fees. For the six months ended August 31, 2024 and August 31, 2023, we recorded $0.2 million and $0.2 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 six months ended August 31, 2024 and August 31, 2023, the weighted average interest rate on the outstanding borrowings under the Encina Credit Facility was 9.89% and 9.56%, respectively, and the average dollar amount of outstanding borrowings under the Encina Credit Facility was $33.6 million and $40.9 million, respectively. 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 $88.3 million subject to the Encina Credit Facility cap of $65.0 million at August 31, 2024. 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 U.S. Securities and Exchange Commission (“SEC”). Accordingly, the August 31, 2024 borrowing base relies upon the valuations set forth in the Quarterly Report on Form 10-Q for the period ended May 31, 2024. 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. Live Oak Facility On March 27, 2024, the Company and its wholly owned special purpose subsidiary, SIF III, entered into a credit and security agreement (the “Live Oak Credit Agreement”), by and among SIF III, as borrower, the Company, as collateral manager and equityholder, the lenders from time to time parties thereto, Live Oak , as administrative agent and collateral agent, U.S. Bank National Association, as custodian, and U.S. Bank Trust Company, National Association, as collateral administrator, relating to Live Oak Credit Facility. The Live Oak Credit Facility originally provided for borrowings in U.S. dollars in an aggregate amount of up to $50.0 million. During the first two years following the closing date, SIF III may request one or more increases in the commitment amount from $50.0 million to an amount not to exceed $150.0 million, subject to certain terms and conditions and a customary fee. The terms of the Live Oak Credit Agreement require a minimum drawn amount of $12.5 million at all times during the period ending March 27, 2025 and, thereafter, the greater of: (i) $25.0 million and (ii) 50% of the facility amount in effect at such time. The Live Oak Credit Facility matures on March 27, 2027. Advances are available during the term of the Live Oak Credit Facility and must be repaid in full at maturity. SIF III may request an extension of the maturity date by an additional one year, subject to the agreement of the lenders and an extension fee. On June 14, 2024, the Company entered into the first amendment to the Live Oak Credit Agreement (the “Amendment”). The Amendment, among other thin gs: ● increased the borrowings available under the Live Oak Credit Facility from up to $50.0 million to up to $75.0 million, subject to a borrowing base requirement; ● added new lenders (as identified in the Amendment) to the Live Oak Credit Agreement; ● replaced administrative agent approval with “Required Lender” (as defined in the Live Oak Credit Agreement) approval with respect to certain matters; ● replaced Required Lender approval with 100% lender approval with respect to certain matters; and ● changed the definition of Required Lender to require the approval of at least two unaffiliated lenders. Advances under the Live Oak Credit Facility In connection with the Live Oak Credit Agreement, the Company entered into a loan sale and contribution agreement with SIF III, dated as of March 27, 2024, by and between the Company, as seller, and SIF III, as purchaser, pursuant to which the Company will sell or contribute certain loans held by the Company to SIF III to be used to support the borrowing base under the Live Oak Credit Facility. The Live Oak Credit Facility permits loan proceeds and excess cash in SIF III’s collection accounts to be distributed to us at any time based on three business days advance notice, subject to compliance with various conditions, including the absence of a default or event of default, the absence of an over-advance against the borrowing base and the absence of a violation of the financial covenants. As of August 31, 2024 there was $20.0 million in outstanding borrowings under the Live Oak Credit Facility. During the applicable period, the Company was in compliance with all of the limitations and requirements under the Live Oak Credit Agreement. For the three months ended August 31, 2024, we recorded $0.5 million of interest expense related to the Live Oak Credit Facility, respectively, which includes commitment and administrative agent fees. For the three months ended August 31, 2024, we recorded $0.1 million of deferred financing costs related to the Live Oak Credit Facility. 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 August 31, 2024, the weighted average interest rate on the outstanding borrowings under the Live Oak Credit Facility was 9.56%, and the average dollar amount of outstanding borrowings under the Live Oak Credit Facility was $19.0 million. For the six months ended August 31, 2024, we recorded $0.8 million of interest expense related to the Live Oak Credit Facility, respectively, which includes commitment and administrative agent fees. For the six months ended August 31, 2024, we recorded $0.1 million of deferred financing costs related to the Live Oak Credit Facility. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the six months ended August 31, 2024, the weighted average interest rate on the outstanding borrowings under the Live Oak Credit Facility was 9.54%, and the average dollar amount of outstanding borrowings under the Live Oak Credit Facility was $16.0 million. Our borrowing base under the Live Oak Credit Facility is $87.9 million subject to the Live Oak Credit Facility cap of $75.0 million at August 31, 2024. 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 U.S. Securities and Exchange Commission (“SEC”). Accordingly, the August 31, 2024 borrowing base relies upon the valuations set forth in the Quarterly Report on Form 10-Q for the period ended May 31, 2024. 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 II LP and SBIC III LP, received SBIC licenses from the SBA on August 14, 2019 and September 29, 2022, respectively. Each of the SBIC Subsidiaries provide up to $175.0 million in long-term capital in the form of debentures guaranteed by the SBA. The Company’s wholly owned subsidiary, SBIC LP, repaid its outstanding debentures and subsequently surrendered its license to the SBA on January 3, 2024, providing the Company access to all undistributed capital of SBIC LP, and SBIC LP subsequently merged with and into the Company. Under current SBIC regulations, for two or more SBICs under common control, the maximum amount of outstanding SBA debentures cannot exceed $350.0 million. 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 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 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 Subsidiary’s 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 debentures guaranteed by the SBA of the SBIC Subsidiaries 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 August 31, 2024, we have funded SBIC II LP and SBIC III LP with an aggregate total of equity capital of $87.5 million and $66.7 million, respectively, and have $214.0 million in SBA-guaranteed debentures outstanding, of which $175.0 million was held by SBIC II LP and $39.0 million held in SBIC III LP. As noted above, as of August 31, 2024, there was $214.0 million of SBA debentures outstanding and as of February 29, 2024, there was $214.0 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 $6.0 million, and $0.4 million related to the SBA debentures issued by SBIC II LP and SBIC III LP, respectively, have been capitalized and are being amortized over the term of the commitment and drawdown. For the three months ended August 31, 2024 and August 31, 2023, the Company recorded $1.8 million and $1.5 million of interest expense related to the SBA debentures, respectively. For the three months ended August 31, 2024 and August 31, 2023, the Company recorded $0.2 million and $0.3 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 August 31, 2024 and August 31, 2023 on the outstanding borrowings of the SBA debentures was 3.34% and 2.90%, respectively. During the three months ended August 31, 2024 and August 31, 2023, the average dollar amount of SBA debentures outstanding was $214.0 million and $202.6 million, respectively. For the six months ended August 31, 2024 and August 31, 2023, the Company recorded $3.6 million and $2.9 million of interest expense related to the SBA debentures, respectively. For the six months ended August 31, 2024 and August 31, 2023, the Company recorded $0.5 million and $0.5 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 six months ended August 31, 2024 and August 31, 2023 on the outstanding borrowings of the SBA debentures was 3.35% and 2.89%, respectively. During the six months ended August 31, 2024 and August 31, 2023, the average dollar amount of SBA debentures outstanding was $214.0 million and $202.3 million, respectively. Notes 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 August 31, 2024, 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 outstanding 7.75% 2025 Notes had a fair value of $5.0 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 29, 2024, the carrying amount and fair value of the 7.75% 2025 Notes was $5.0 million and $5.0 million, respectively. For the three months ended August 31, 2024 and August 31, 2023, 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 August 31, 2024 and August 31, 2023, the average dollar amount of 7.75% 2025 Notes outstanding was $5.0 million and $5.0 million respectively. For the six months ended August 31, 2024 and August 31, 2023, 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 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 six months ended August 31, 2024 and August 31, 2023, 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 August 31, 2024, 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 outstanding 6.25% 2027 Notes had a fair value of $14.4 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 29, 2024, the carrying amount and fair value of the 6.25% 2027 Notes was $15.0 million and $14.2 million, respectively. For the three months ended August 31, 2024 and August 31, 2023, 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 August 31, 2024 and August 31, 2023 the average dollar amount of 6.25% 2027 Notes outstanding was $15.0 million and $15.0 million respectively. For the six months ended August 31, 2024 and August 31, 2023, the Company recorded $0.5 million and $0.5 million, respectively, of interest expense and $0.04 million and $0.04 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 six months ended August 31, 2024 and August 31, 2023 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% 2025 Notes (as described above), 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 August 31, 2024, 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 outstanding 4.375% 2026 Notes had a fair value of $166.1 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 29, 2024, the carrying amount and fair value of the 4.375% 2026 Notes was $175.0 million and $163.4 million, respectively. For the three months ended August 31, 2024 and August 31, 2023, 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 $0.06 million and $0.06 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 August 31, 2024 and August 31, 2023, the average dollar amount of 4.375% 2026 Notes outstanding was $175.0 million and $175.0 million, respectively. For the six months ended August 31, 2024 and August 31, 2023, the Company recorded $3.8 million and $3.8 million, respectively, of interest expense, $0.3 million and $0.4 million, respectively, of amortization of deferred financing costs and $0.1 million and $0.1 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 six months ended August 31, 2024 and August 31, 2023, 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 matur

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Aug. 31, 2024
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 August 31, 2024: Payment Due by Period Long-Term Debt Obligations Total Less Than 1 - 3 3 - 5 More Than ($ in thousands) Encina credit facility $ 32,500 $ - $ 32,500 $ - $ - Live Oak credit facility 20,000 - 20,000 - - SBA debentures 214,000 - - - 214,000 8.75% 2025 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 $ 837,875 $ 25,000 $ 420,000 $ 178,875 $ 214,000 Off-Balance Sheet Arrangements As of August 31, 2024 and February 29, 2024, the Company’s off-balance sheet arrangements consisted of $132.1 million and $132.4 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 August 31, 2024 and February 29, 2024 is shown in the table below (dollars in thousands): August 31, February 29, At Company’s discretion ActiveProspect, Inc. $ 10,000 $ 10,000 Artemis Wax Corp. 23,500 23,500 Ascend Software, LLC 5,000 5,000 C2 Educational Systems 2,000 - Davisware, LLC 1,000 - Granite Comfort, LP - 750 JDXpert 4,500 5,000 LFR Chicken LLC 10,000 - Pepper Palace, Inc. 1,200 1,898 Procurement Partners, LLC 4,250 4,250 Saratoga Senior Loan Fund I JV, LLC 8,548 8,548 Sceptre Hospitality Resources, LLC - 5,000 Stretch Zone Franchising, LLC 3,750 3,750 VetnCare MSO, LLC 10,000 10,000 Total $ 83,748 $ 77,696 At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required Alpha Aesthetics Partners OpCo, LLC $ 3,902 $ 6,500 ARC Health OpCo LLC - 2,585 Axero Holdings, LLC - Revolver 500 500 Axiom Medical Consulting, LLC 2,000 2,000 BQE Software, Inc. 3,250 3,250 C2 Educational Systems - 3,000 Davisware, LLC 2,000 750 Exigo, LLC - Revolver 625 1,042 Gen4 Dental Partners Holdings, LLC 2,857 - GoReact 2,500 2,500 Granite Comfort, LP 11,637 11,637 Inspect Point Holding, LLC 1,500 1,500 Pepper Palace, Inc. - Revolver 800 2,500 Stretch Zone Franchising, LLC 1,500 1,500 VetnCare MSO, LLC 15,319 15,319 Zollege PBC - 150 48,390 54,733 Total $ 132,138 $ 132,429 The Company believes its assets will provide adequate coverage to satisfy these unfunded commitments. As of August 31, 2024, the Company had cash and cash equivalents of $84.4 million, $32.5 million in available borrowings under the Encina Credit Facility, and $55.0 million in available borrowings under the Live Oak Credit Facility.

Directors Fees

Directors Fees	6 Months Ended
	Aug. 31, 2024
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 August 31, 2024 and August 31, 2023, the Company incurred $0.1 million and $0.1 million for directors’ fees and expenses, respectively. For the six months ended August 31, 2024 and August 31, 2023, the Company incurred $0.2 million and $0.2 million for directors’ fees and expenses, respectively. As of August 31, 2024 and February 29, 2024, $0.1 million and $0.0 million in directors’ fees and expenses were accrued and unpaid, respectively. As of August 31, 2024, the Company had not issued any common stock to our directors as compensation for their services.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Aug. 31, 2024
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 August 31, 2024, 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 and six months ended August 31, 2024, the Company did not purchase any shares of common stock 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. (“Ladenburg”) and Compass Point Research and Trading, LLC (“Compass Point”), 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 (as defined below), or to them, as principal for their account (the “ATM Program”). On July 6, 2023, the Company amended the Equity Distribution Agreement 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. On July 19, 2023, the Company amended the Equity Distribution Agreement to add an additional distribution agent, Raymond James & Associates, Inc. (“Raymond James”). On May 15, 2024, the Company amended the Equity Distribution Agreement to add an additional distribution agent, Lucid Capital Markets, LLC (“Lucid” and together with Ladenburg, Compass Point, and Raymond James, the “Agents”). 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 August 31, 2024, the Company sold 6,543,878 shares for gross proceeds of $172.5 million at an average price of $26.37 for aggregate net proceeds of $171.0 million (net of transaction costs). During the three and six months ended August 31, 2024, the Company did not sell any shares under the ATM Program. 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 Shares Amount of Par Value (Loss) Net Assets 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 Offfering 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 - 9,012,500 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 Increase (Decrease) from Operations: Net investment income - - - 12,784,511 12,784,511 Net realized gain (loss) from investments - - - 2,327 2,327 Net change in unrealized appreciation (depreciation) on investments - - - (7,164,613 ) (7,164,613 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (315,473 ) (315,473 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,803,576 ) (9,803,576 ) Capital Share Transactions: Proceeds from issuance of common stock 501,105 501 13,028,269 - 13,028,770 Capital contribution from Manager - - 1,382,009 - 1,382,009 Stock dividend distribution 37,394 38 915,155 - 915,193 Offering costs - - (163,789 ) - (163,789 ) Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles - - (779,040 ) 779,040 - Balance at February 29, 2024 13,653,476 $ 13,654 $ 371,081,199 $ (870,745 ) $ 370,224,108 Increase (Decrease) from Operations: Net investment income - - - 14,335,005 14,335,005 Net realized gain (loss) from investments - - - (21,194,997 ) (21,194,997 ) Net change in unrealized appreciation (depreciation) on investments - - - 13,931,431 13,931,431 Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (461,001 ) (461,001 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,967,036 ) (9,967,036 ) Capital Share Transactions: Stock dividend distribution 45,490 45 987,527 - 987,572 Balance at May 31, 2024 13,698,966 $ 13,699 $ 372,068,726 $ (4,227,343 ) $ 367,855,082 Increase (Decrease) from Operations: Net investment income - - - 18,197,398 18,197,398 Net realized gain (loss) from investments - - - (33,448,727 ) (33,448,727 ) Net change in unrealized appreciation (depreciation) on investments - - - 28,728,155 28,728,155 Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (159,187 ) (159,187 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (10,137,233 ) (10,137,233 ) Capital Share Transactions: Stock dividend distribution 46,803 47 1,018,307 - 1,018,354 Balance at August 31, 2024 13,745,769 $ 13,746 $ 373,087,033 $ (1,046,937 ) $ 372,053,842

Earnings Per Share

Earnings Per Share	6 Months Ended
	Aug. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 12. Earnings Per Share In accordance with the provisions of FASB 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 six months ended August 31, 2024 and August 31, 2023 (dollars in thousands except share and per share amounts): For the three months ended For the six months ended Basic and Diluted August 31, August 31, August 31, August 31, Net increase (decrease) in net assets resulting from operations $ 13,318 $ 7,896 $ 19,928 $ 7,683 Weighted average common shares outstanding 13,726,142 12,158,440 13,704,759 12,011,180 Weighted average earnings (loss) per common share $ 0.97 $ 0.65 $ 1.45 $ 0.64

Dividend

Dividend	6 Months Ended
	Aug. 31, 2024
Dividend [Abstract]
Dividend	Note 13. Dividend On August 22, 2024, the Company declared a dividend of $0.74 per share payable on September 26, 2024, to common stockholders of record on September 11, 2024. 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 six months ended August 31, 2024 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total August 22, 2024 September 11, 2024 September 26, 2024 $ 0.74 $ 10,172 May 23, 2024 June 13, 2024 June 27, 2024 0.74 10,137 Total dividends declared $ 1.48 $ 20,309 * Total amount is calculated based on the number of shares outstanding at the date of record. The following table summarizes dividends declared for the six months ended August 31, 2023 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total 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 $ 1.41 $ 17,639 * Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights

Financial Highlights	6 Months Ended
	Aug. 31, 2024
Investment Company, Financial Highlights [Abstract]
Financial Highlights	Note 14. Financial Highlights The following is a schedule of financial highlights as of and for the six months ended August 31, 2024 and August 31, 2023: Per share data August 31, August 31, Net asset value at beginning of period $ 27.12 $ 29.18 Net investment income(1) 2.37 2.49 Net realized and unrealized gain and losses on investments(1) (0.92 ) (1.84 ) Realized losses on extinguishment of debt - (0.01 ) Net increase in net assets resulting from operations 1.45 0.64 Distributions declared from net investment income (1.47 ) (1.39 ) Total distributions to stockholders (1.47 ) (1.39 ) Issuance of common stock at net asset value (2) - (0.21 ) Capital contribution from Manager for the issuance of common stock (14) - 0.23 Repurchases of common stock(3) - 0.04 Dilution(4) (0.03 ) (0.05 ) Net asset value at end of period $ 27.07 $ 28.44 Net assets at end of period $ 372,053,842 $ 362,078,755 Shares outstanding at end of period 13,745,769 12,729,781 Per share market value at end of period $ 23.57 $ 25.85 Total return based on market value(5)(6) 6.70 % (0.69 )% Total return based on net asset value(5)(7) 6.68 % 3.15 % Ratio/Supplemental data: Ratio of net investment income to average net assets(8) 19.60 % 17.80 % Expenses: Ratios of operating expenses and income taxes to average net assets*(9) 8.16 % 7.76 % Ratio of incentive management fees to average net assets(5) 2.20 % 0.74 % Ratio of interest and debt financing expenses to average net assets(9) 13.99 % 13.75 % Ratio of total expenses and income taxes to average net assets*(8) 24.35 % 22.25 % Portfolio turnover rate(5)(10) 3.84 % 1.63 % Asset coverage ratio per unit(11) 1,596 1,597 Average market value per unit Revolving Credit Facilities(12) N/A N/A SBA Debentures Payable(12) N/A N/A 8.75% Notes Payable 2025(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 $ 24.18 $ 23.31 6.25% Notes Payable 2027(12) N/A N/A 8.00% Notes Payable 2027 $ 25.11 $ 24.92 8.125% Notes Payable 2027 $ 25.20 $ 24.93 8.50% Notes Payable 2028 $ 25.34 $ 25.03 * 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 Facilities, SBA Debentures, 8.75% Notes Payable 2025, 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	6 Months Ended
	Aug. 31, 2024
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 August 31, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 13,317,639	$ 7,895,951	$ 19,928,077	$ 7,682,692

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Aug. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

N-2

N-2 - $ / shares	6 Months Ended
	Aug. 31, 2024	Feb. 29, 2024	Aug. 31, 2023	Feb. 28, 2023
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 regulated 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 our 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. There have been no material changes during the six months ended August 31, 2024 to the risk factors discussed in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended February 29, 2024. 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	$ 27.07	$ 27.12	$ 28.44	$ 29.18
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. There have been no material changes during the six months ended August 31, 2024 to the risk factors discussed in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended February 29, 2024. 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)	6 Months Ended
	Aug. 31, 2024
Summary of Significant 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, SIF II, SIF III, 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-PP, Inc., SIA-SZ, Inc., SIA-TG, Inc., SIA-TT Inc., and SIA-Vector, 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 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, FASB ASC Topic 810, Consolidation
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.
Operating Segment	Operating Segment The Company invests in various industries and separately evaluates the performance of each of its investment relationships. However, because each of these investment relationships have similar business and economic characteristics, they have been aggregated into a single investment segment. All applicable segment disclosures are included in or can be derived from the Company’s consolidated financial statements (See Note 3. Investments
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 August 31, 2024, 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 or the Live Oak Credit Facility held by the Company’s wholly owned subsidiaries, SIF II and SIF III, respectively. 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 and the Live Oak 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 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: August 31, February 29, Cash and cash equivalents $ 84,569,590 $ 8,692,846 Cash and cash equivalents, reserve accounts 77,434,591 31,814,278 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 162,004,181 $ 40,507,124
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. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. 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. 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 management may make exceptions to this general rule if the loan has sufficient collateral value and is in the process of collection. At August 31, 2024, our investment in two controlled portfolio companies were on non-accrual status with a fair value of approximately $3.6 million, or 0.4% of the fair value of our portfolio. At February 29, 2024, our investment in three non-controlled portfolio companies were on non-accrual status with a fair value of approximately $18.9 million, or 1.7% of the fair value of our portfolio. Interest income on our investment in the subordinated note of 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 may hold 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 management 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 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 generally 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 Corporate 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 imposed 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 non-deductible 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% 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. For the years ended February 29, 2024, 2023 and 2022, the excise tax accrual on estimated excess taxable income was $1.8 million, $1.1 million and $0.6 million, respectively. 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% 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% 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 that are treated as corporations for U.S. federal income tax purposes when making equity investments in portfolio companies taxed as pass-through entities to meet its source-of-income requirements as a RIC (“Corporate Blockers”). Corporate Blockers are consolidated in the Company’s U.S. GAAP financial statements and may result in current and deferred U.S. 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 Corporate 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 Corporate 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 Corporate 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 November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures
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)	6 Months Ended
	Aug. 31, 2024
Summary of Significant 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: August 31, February 29, Cash and cash equivalents $ 84,569,590 $ 8,692,846 Cash and cash equivalents, reserve accounts 77,434,591 31,814,278 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 162,004,181 $ 40,507,124

Investments (Tables)

Investments (Tables)	6 Months Ended
	Aug. 31, 2024
Investments (Tables) [Line Items]
Schedule of Fair Value Measurements of Investments, by Major Class	The following table presents fair value measurements of investments, by major class, as of August 31, 2024 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Net Asset Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 886,176 $ - $ 886,176 Second lien term loans - - 26,361 - 26,361 Unsecured term loans - - 16,280 - 16,280 Structured finance securities - - 23,297 - 23,297 Equity interests - - 83,470 5,127 88,597 Total $ - $ - $ 1,035,584 $ 5,127 $ 1,040,711 * 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 Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique. The following table presents fair value measurements of investments, by major class, as of February 29, 2024 (dollars in thousands), according to the fair value hierarchy: Fair Value Measurements Valued Using Net Asset Level 1 Level 2 Level 3 Value* Total First lien term loans $ - $ - $ 976,423 $ - $ 976,423 Second lien term loans - - 18,097 - 18,097 Unsecured term loans - - 15,818 - 15,818 Structured finance securities - - 30,626 - 30,626 Equity interests - - 88,426 9,404 97,830 Total $ - $ - $ 1,129,390 $ 9,404 $ 1,138,794
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 six months ended August 31, 2024 (dollars in thousands): First lien term loans Second lien term loans Unsecured term loans Structured finance securities Equity interests Total Balance as of February 29, 2024 $ 976,423 $ 18,097 $ 15,818 $ 30,626 $ 88,426 $ 1,129,390 Payment-in-kind and other adjustments to cost 1,627 7,745 - (3,430 ) 631 6,573 Net accretion of discount on investments 1,281 4 - - - 1,285 Net change in unrealized appreciation (depreciation) on investments 46,044 515 462 (3,899 ) 3,815 46,937 Purchases 41,348 - - - 538 41,886 Sales and repayments (132,875 ) - - - (2,968 ) (135,843 ) Net realized gain (loss) from investments (47,672 ) - - - (6,972 ) (54,644 ) Balance as of August 31, 2024 $ 886,176 $ 26,361 $ 16,280 $ 23,297 $ 83,470 $ 1,035,584 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 $ 245 $ 515 $ 462 $ (3,899 ) $ (684 ) $ (3,361 ) 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 800 408 - (3,824 ) (91 ) (2,707 ) Net accretion of discount on investments 858 4 - - - 862 Net change in unrealized appreciation (depreciation) on investments (16,192 ) (22 ) 341 (1,929 ) (924 ) (18,726 ) Purchases 159,113 - - - 8,159 167,272 Sales and repayments (13,721 ) - (3,383 ) - - (17,104 ) Net realized gain (loss) from investments - - - - 91 91 Balance as of August 31, 2023 $ 929,392 $ 15,326 $ 17,619 $ 35,609 $ 91,225 $ 1,089,171 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 $ (16,151 ) $ (22 ) $ (5 ) $ (1,929 ) $ (925 ) $ (19,032 )
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 August 31, 2024 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted First lien term loans $ 886,176 Market Comparables Market Yield (%) 10.4% - 19.7% 12.7% Revenue Multiples (x) 3.5x 3.5x Third-party Bid (x) 6.9x 6.9x Second lien term loans 26,361 Market Comparables Market Yield (%) 19.5% - 39.0% 34.7% Third-party Bid (x) 12.7x 12.7x EBITDA Multiples (x) 7.0x 7.0x Unsecured term loans 16,280 Discounted Cash Flow Discount Rate (%) 10.5% 10.5% Structured finance securities 23,297 Discounted Cash Flow Discount Rate (%) 8.5% - 40.0% 20.0% Recovery Rate (%) 35.0% - 70.0% 62.1% Prepayment Rate (%) 20.0% 20.0% Equity interests 83,470 Enterprise Value Waterfall Revenue Multiples (x) 0.1x - 9.9x 6.9x EBITDA Multiples (x) 4.0x - 20.4x 9.8x Total $ 1,035,584 * 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 29, 2024 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted First lien term loans $ 976,423 Market Comparables Market Yield (%) 10.6% - 17.2% 13.0% Revenue Multiples (x) 4.6x - 9.4x 6.6x EBITDA Multiples (x) 5.0x - 6.0x 5.6x Third-party bid (x) 3.9x - 4.2x 4.0x Second lien term loans 18,097 Market Comparables Market Yield (%) 19.0% - 28.3% 25.5% EBITDA Multiples (x) 7.0x 7.0x Third-party bid (x) 29.7x 29.7x Unsecured term loans 15,818 Discounted Cash Flow Discount Rate (%) 10.5% 10.5% Structured finance securities 30,626 Discounted Cash Flow Discount Rate (%) 8.5% - 22.0% 15.1% Recovery Rate (%) 35.0% - 70.0% 70.0% Prepayment Rate (%) 20.0% 20.0% Equity interests 88,426 Enterprise Value Waterfall EBITDA Multiples (x) 4.7x - 20.4x 10.4x Revenue Multiples (x) 1.3x - 10.4x 6.3x Third-party bid (x) 3.9x 3.9x Total $ 1,129,390
Schedule of Amortized Cost and Fair Value	The composition of our investments as of August 31, 2024 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Investments at Fair Value First lien term loans $ 883,386 85.0 % $ 886,176 85.2 % Second lien term loans 29,717 2.9 26,361 2.5 Unsecured term loans 17,619 1.7 16,280 1.6 Structured finance securities 39,340 3.8 23,297 2.2 Equity interests 68,980 6.6 88,597 8.5 Total $ 1,039,042 100.0 % $ 1,040,711 100.0 % The composition of our investments as of February 29, 2024 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Investments at Fair Value First lien term loans $ 1,019,678 86.4 % $ 976,423 85.7 % Second lien term loans 21,968 1.9 18,097 1.6 Unsecured term loans 17,619 1.5 15,818 1.4 Structured finance securities 42,769 3.6 30,626 2.7 Equity interests 77,750 6.6 97,830 8.6 Total $ 1,179,784 100.0 % $ 1,138,794 100.0 %
Saratoga CLO [Member]
Investments (Tables) [Line Items]
Schedule of Statements of Assets and Liabilities	Below is certain financial information from the separate financial statements of Saratoga CLO as of August 31, 2024 (unaudited) and February 29, 2024 and for the three and six months ended August 31, 2024 (unaudited) and August 31, 2023 (unaudited). August 31, February 29, (unaudited) ASSETS Investments at fair value Loans at fair value (amortized cost of $572,465,295 and $629,345,724, respectively) $ 552,279,152 $ 606,531,189 Equities at fair value (amortized cost of $5,781,151 and $1,649,986, respectively) 1,803,992 1,020,585 Total investments at fair value (amortized cost of $578,246,446 and $630,995,710, respectively) 554,083,144 607,551,774 Cash and cash equivalents 25,684,819 12,104,832 Receivable from open trades 1,415,378 2,865,174 Interest receivable (net of reserve of $399,327 and $615,604, respectively) 3,534,381 3,402,471 Due from affiliate 3,481 3,953 Prepaid expenses and other assets 60,364 205,400 Total assets $ 584,781,567 $ 626,133,604 LIABILITIES Interest payable $ 4,939,007 $ 5,043,712 Payable from open trades 2,184,855 10,519,573 Accrued base management fee 66,765 68,605 Accrued subordinated management fee 267,061 274,418 Accounts payable and accrued expenses 123,363 84,199 Saratoga Investment Corp. CLO 2013-1, Ltd. Notes: Class A-1-R-3 Senior Secured Floating Rate Notes - 357,500,000 Class A-2-R-3 Senior Secured Floating Rate Notes - 65,000,000 Class A-1-R-4 Senior Secured Floating Rate Notes 329,433,729 - Class A-2-R-4 Senior Secured Floating Rate Notes 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 (207,968 ) (220,100 ) Class E-R-3 Deferrable Mezzanine Floating Rate Notes 27,625,000 27,625,000 Discount on Class E-R-3 Notes (2,160,554 ) (2,286,598 ) 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 (1,303,627 ) (1,707,224 ) Subordinated Notes 111,000,000 111,000,000 Discount on Subordinated Notes (34,171,472 ) (36,164,988 ) Total liabilities 663,671,159 697,611,597 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) (78,889,842 ) (71,478,243 ) Total net deficit (78,889,592 ) (71,477,993 ) Total liabilities and net assets $ 584,781,567 $ 626,133,604
Schedule of Consolidated Statements of Operations	For the three months ended For the six months ended August 31, August 31, August 31, August 31, INVESTMENT INCOME Total interest from investments $ 14,579,025 $ 15,662,824 $ 30,653,197 $ 30,640,303 Interest from cash and cash equivalents 330,398 156,192 563,896 341,236 Other income 465,627 216,150 1,100,396 470,224 Total investment income 15,375,050 16,035,166 32,317,489 31,451,763 EXPENSES Interest and debt financing expenses 13,744,549 14,780,606 28,930,970 28,704,737 Base management fee 158,465 163,450 319,356 326,808 Subordinated management fee 633,859 653,801 1,277,423 1,307,231 Professional fees 350,029 133,365 408,834 172,891 Trustee expenses 61,273 66,540 123,478 129,034 Other expense 71,025 68,889 176,563 139,885 Total expenses 15,019,200 15,866,651 31,236,624 30,780,586 NET INVESTMENT INCOME (LOSS) 355,850 168,515 1,080,865 671,177 REALIZED AND UNREALIZED LOSS ON INVESTMENTS Net realized loss from investments (2,795,356 ) (641,267 ) (7,193,885 ) (2,749,834 ) Net change in unrealized depreciation on investments (3,662,317 ) 13,352,743 (719,366 ) 3,015,505 Net realized and unrealized gain (loss) on investments (6,457,673 ) 12,711,476 (7,913,251 ) 265,671 Realized losses on extinguishment of debt (579,213 ) - (579,213 ) - NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (6,681,036 ) $ 12,879,991 $ (7,411,599 ) $ 936,848
Schedule of Investments	Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Altisource Solutions S.a r.l. Banking, Finance, Insurance & Real Estate Common Stock Equity 15,981 $ - $ 18,538 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Common Stock Equity 23,799 660,422 630,674 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Warrants Equity 349 9,685 9,249 Envision Parent Inc Healthcare & Pharmaceuticals Common Stock Equity 4,410 175,000 47,408 Envision Parent Inc Healthcare & Pharmaceuticals Warrants Equity 92,837 - - Instant Brands Litigation Trust Interests Consumer goods: Durable Warrants Equity 8,572 - 42,860 Isagenix International, LLC Beverage, Food & Tobacco Common Stock Equity 86,398 - - Research Now Group, Inc Media: Advertising, Printing & Publishing Common Stock Equity 39,808 557,312 617,024 Resolute Investment Managers (American Beacon), Inc. Banking, Finance, Insurance & Real Estate Common Stock Equity 24,320 1,034,581 21,888 URS TOPCO LLC Transportation: Cargo Common Stock Equity 25,330 440,405 394,500 1011778 B.C Unltd Liability Co Beverage, Food & Tobacco Term Loan B6 Loan 1M USD SOFR+ 1.75 % 0.00 % 7.00 % 9/20/2030 $ 1,443,881 1,425,138 1,431,478 19TH HOLDINGS GOLF, LLC Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 8.70 % 2/7/2029 2,461,090 2,379,021 2,407,758 888 Acquisitions Limited Hotel, Gaming & Leisure Term Loan B Loan 6M USD SOFR+ 5.25 % 0.00 % 10.58 % 7/8/2028 3,059,319 2,788,548 2,987,303 Adtalem Global Education Inc. Services: Business Term Loan B (08/24) Loan 1M USD SOFR+ 2.75 % 0.75 % 8.00 % 8/12/2028 582,329 578,845 582,695 Aegis Sciences Corporation Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 1.00 % 10.87 % 5/9/2025 2,287,755 2,285,186 1,618,587 Agiliti Health Inc. Healthcare & Pharmaceuticals Term Loan B (03/23) Loan 3M USD SOFR+ 3.00 % 0.00 % 8.33 % 5/1/2030 2,165,053 2,150,540 2,147,473 AHEAD DB Holdings, LLC Services: Business Term Loan B3 (07/24) Loan 3M USD SOFR+ 3.50 % 0.75 % 8.80 % 2/1/2031 2,910,206 2,849,335 2,913,116 Air Canada Transportation: Consumer Term Loan B (03/24) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.85 % 3/21/2031 997,500 995,015 996,672 AIT Worldwide Logistics Holdings, Inc. Transportation: Cargo Term Loan (04/21) Loan 3M USD SOFR+ 4.75 % 0.75 % 9.87 % 4/6/2028 2,462,025 2,336,394 2,461,508 AlixPartners, LLP Banking, Finance, Insurance & Real Estate Term Loan B (01/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.86 % 2/4/2028 241,875 241,708 242,738 Alkermes, Inc. Healthcare & Pharmaceuticals Term Loan B (3/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.89 % 3/12/2026 2,093,757 2,086,541 2,096,374 Allen Media, LLC Media: Diversified & Production Term Loan (7/21) Loan 3M USD SOFR+ 5.50 % 0.00 % 10.98 % 2/10/2027 4,326,473 4,309,765 2,850,064 Alliant Holdings Intermediate, LLC Banking, Finance, Insurance & Real Estate Term Loan (12/23) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.81 % 11/6/2030 799,019 798,965 801,152 Allied Universal Holdco LLC Services: Business Term Loan 4/21 Loan 1M USD SOFR+ 3.75 % 0.50 % 9.10 % 5/12/2028 1,945,000 1,939,536 1,932,688 Alterra Mountain Company (Intrawest Resort Holdings) Hotel, Gaming & Leisure Term Loan B5 (03/24) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.75 % 5/31/2030 250,000 250,000 251,043 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Altisource Solutions S.a r.l. (c) Banking, Finance, Insurance & Real Estate Term Loan B (03/18) Loan 3M USD SOFR+ 5.00 % 1.00 % 10.43 % 4/30/2025 1,131,980 1,132,120 605,609 Altium Packaging LLC Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 2.50 % 0.00 % 7.75 % 6/11/2031 485,000 483,792 482,881 Amer Sports Oyj (MASCOT BIDCO OY) Consumer goods: Durable USD Term Loan B (01/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 8.35 % 2/7/2031 498,750 496,552 499,373 American Axle & Manufacturing Inc. Automotive Term Loan (12/22) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.33 % 12/13/2029 480,000 468,336 481,320 American Greetings Corporation Media: Advertising, Printing & Publishing Term Loan B (04/24) Loan 1M USD SOFR+ 5.75 % 0.00 % 11.00 % 10/30/2029 2,964,091 2,962,682 2,979,474 American Trailer World Corp Automotive Term Loan Loan 1M USD SOFR+ 3.75 % 0.75 % 9.10 % 3/3/2028 1,357,439 1,356,288 1,249,522 AmWINS Group, LLC Banking, Finance, Insurance & Real Estate Term Loan 2/21 Loan 1M USD SOFR+ 2.25 % 0.75 % 7.61 % 2/17/2028 1,930,035 1,916,085 1,932,447 Anastasia Parent LLC Consumer goods: Non-durable Term Loan Loan 3M USD SOFR+ 3.75 % 0.00 % 9.35 % 8/11/2025 942,500 941,632 673,218 Anchor Packaging, LLC Containers, Packaging & Glass Term Loan (4/24) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.00 % 7/18/2029 1,954,167 1,936,125 1,960,030 AP Core Holdings II LLC High Tech Industries Term Loan B1 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.86 % 9/1/2027 1,725,000 1,710,216 1,513,067 AP Core Holdings II LLC High Tech Industries Term Loan B2 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.86 % 9/1/2027 500,000 495,721 433,595 APEX GROUP TREASURY LLC Banking, Finance, Insurance & Real Estate Term Loan B (07/24) Loan 6M USD SOFR+ 4.00 % 0.00 % 9.08 % 7/27/2028 492,500 468,408 494,963 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.11 % 5/15/2026 2,893,401 2,878,566 2,850,000 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B1 (2/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 3/6/2028 967,500 961,922 931,219 AppLovin Corporation High Tech Industries Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.75 % 8/19/2030 967,193 967,193 968,102 AppLovin Corporation High Tech Industries Term Loan B (3/24) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.75 % 10/25/2028 1,470,066 1,468,205 1,471,286 AqGen Ascensus, Inc. Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 8/2/2028 497,383 494,003 498,005 Aramark Services, Inc. Services: Consumer Term Loan Loan 1M USD SOFR+ 1.75 % 0.00 % 7.11 % 1/15/2027 2,331,250 2,299,079 2,331,250 Aramark Services, Inc. Services: Consumer Term Loan B7 (03/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.25 % 4/6/2028 1,753,715 1,749,098 1,757,223 ARC FALCON I INC. Chemicals, Plastics, & Rubber Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 9/23/2028 976,274 974,109 974,380 ARCIS GOLF LLC Services: Consumer Term Loan B Loan 1M USD SOFR+ 3.75 % 0.50 % 9.11 % 11/24/2028 495,490 491,354 496,521 Aretec Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan B 2 Loan 1M USD SOFR+ 4.00 % 0.00 % 9.25 % 8/9/2030 2,629,488 2,615,350 2,571,271 Aspire Bakeries Holdings, LLC Beverage, Food & Tobacco Term loan Loan 1M USD SOFR+ 4.25 % 0.00 % 9.53 % 12/23/2030 897,750 889,500 899,438 Assuredpartners Inc. Banking, Finance, Insurance & Real Estate Term Loan B5 (02/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.75 % 2/14/2031 1,296,750 1,295,177 1,298,864 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B10 Loan 1M USD SOFR+ 4.00 % 0.00 % 9.35 % 8/19/2028 1,965,000 1,893,128 1,944,996 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B8 Loan 1M USD SOFR+ 3.25 % 0.00 % 8.61 % 12/18/2026 2,919,478 2,915,555 2,905,055 ATHENAHEALTH GROUP INC. Healthcare & Pharmaceuticals Term Loan B (2/22) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 2/15/2029 1,310,485 1,306,886 1,299,254 Avolon TLB Borrower 1 (US) LLC Capital Equipment Term Loan B6 Loan 1M USD SOFR+ 2.00 % 0.00 % 7.31 % 6/22/2028 1,476,331 1,428,121 1,481,410 Axalta Coating Systems Dutch Holding B B.V. Chemicals, Plastics, & Rubber Term Loan B6 (03/24) Loan 3M USD SOFR+ 2.00 % 0.50 % 7.33 % 12/20/2029 853,218 846,504 855,266 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair AZURITY PHARMACEUTICALS, INC. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 6.62 % 0.75 % 11.98 % 9/20/2027 437,500 429,719 430,391 B&G Foods, Inc. Beverage, Food & Tobacco Term Loan B Loan 3M USD SOFR+ 3.50 % 0.00 % 8.56 % 10/10/2029 533,621 531,838 528,728 BAKELITE UK INTERMEDIATE LTD. Chemicals, Plastics, & Rubber Term Loan (5/24) Loan 3M USD SOFR+ 3.50 % 0.50 % 8.83 % 5/29/2029 1,481,231 1,475,470 1,485,867 Baldwin Insurance Group Holdings, LLC Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 5/26/2031 1,648,521 1,637,973 1,646,461 Belfor Holdings Inc. Services: Consumer Term Loan B-1 (11/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.00 % 11/1/2030 1,498,834 1,485,415 1,502,581 Belron Finance US LLC Automotive Term Loan B Loan 3M USD SOFR+ 2.25 % 0.50 % 7.63 % 4/18/2029 247,500 247,500 248,428 Belron Finance US LLC Automotive Term Loan B Loan 3M USD SOFR+ 1.93 % 0.50 % 7.32 % 4/13/2028 1,935,000 1,935,000 1,939,238 Bengal Debt Merger Sub LLC Beverage, Food & Tobacco Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 8.69 % 1/24/2029 1,960,000 1,959,365 1,692,244 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 7.62 % 4/23/2026 964,557 961,929 945,266 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan (6/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 8.12 % 4/23/2026 1,442,772 1,438,274 1,417,524 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 2.75 % 0.00 % 8.00 % 1/22/2031 1,432,970 1,429,358 1,433,328 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan B3 Loan 1M USD SOFR+ 2.75 % 0.50 % 8.00 % 12/13/2029 491,288 481,298 491,376 Boost Newco Borrower, LLC (Worldpay) Banking, Finance, Insurance & Real Estate Term Loan (06/24) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.75 % 1/31/2031 500,000 497,743 500,355 Boxer Parent Company, Inc. High Tech Industries Term Loan B (06/24) Loan 3M USD SOFR+ 3.75 % 0.00 % 9.01 % 7/3/2031 1,007,194 1,002,844 1,004,051 BrightSpring Health Services (Phoenix Guarantor) Healthcare & Pharmaceuticals Term Loan (02/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 2/21/2031 970,069 970,069 970,932 BroadStreet Partners, Inc. Banking, Finance, Insurance & Real Estate Term Loan B-4 Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 6/14/2031 2,910,884 2,908,733 2,908,788 Brookfield WEC Holdings Inc. Energy: Electricity Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.00 % 1/27/2031 1,447,688 1,447,688 1,448,528 BROWN GROUP HOLDING, LLC Aerospace & Defense Term Loan B-2 Loan 3M USD SOFR+ 2.75 % 0.00 % 8.00 % 7/1/2031 492,516 482,330 492,122 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B 3 Loan 1M USD SOFR+ 2.00 % 0.00 % 7.25 % 11/1/2026 907,689 905,055 911,093 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B4 (05/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.25 % 11/22/2030 666,671 664,490 666,778 BW Gas & Convenience Holdings LLC Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 3/31/2028 2,425,000 2,411,089 2,431,063 Callaway Golf Company Retail Term Loan B Loan 1M USD SOFR+ 3.00 % 0.00 % 8.25 % 3/16/2030 473,750 469,672 468,814 Calpine Corporation Utilities: Electric Term Loan B10 (01/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.25 % 1/31/2031 1,995,000 1,985,366 1,992,965 Camping World, Inc. Retail Term Loan B (5/21) Loan 1M USD SOFR+ 2.50 % 0.75 % 7.86 % 6/5/2028 2,449,367 2,283,646 2,330,989 CAPSTONE BORROWER INC Services: Business Term Loan B (05/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 8.58 % 6/17/2030 877,065 865,562 880,907 CareerBuilder, LLC (c) Services: Business Term Loan B3 Loan 1M USD SOFR+ 2.50 % 0.00 % 7.86 % 7/31/2026 4,002,879 3,987,650 320,230 Castle US Holding Corporation Media: Advertising, Printing & Publishing Term Loan B (USD) Loan 3M USD SOFR+ 3.75 % 0.00 % 9.07 % 1/27/2027 1,938,267 1,932,746 1,172,651 CASTLELAKE AVIATION LLC Aerospace & Defense Term Loan B Loan 3M USD SOFR+ 2.75 % 0.50 % 8.09 % 10/21/2027 985,000 979,547 987,463 CBL & Associates Limited Partnership Retail Term Loan 11/21 Loan 1M USD SOFR+ 2.75 % 1.00 % 8.21 % 11/1/2025 2,315,548 2,111,768 2,158,276 CCC Intelligent Solutions Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 2.25 % 0.50 % 7.61 % 9/16/2028 243,750 243,465 243,826 CCI Buyer, Inc Telecommunications Term Loan Loan 3M USD SOFR+ 4.00 % 0.75 % 9.33 % 12/17/2027 241,875 240,555 242,177 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 4.25 % 0.50 % 9.69 % 3/5/2028 985,000 948,557 854,488 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 4.25 % 0.75 % 9.61 % 3/5/2028 967,500 964,900 850,597 CCS-CMGC Holdings, Inc. Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 0.00 % 10.82 % 9/25/2025 2,362,500 2,358,436 1,498,912 CDK GLOBAL, INC. High Tech Industries Term Loan B (05/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 8.58 % 7/6/2029 992,500 969,310 982,823 CENTURI GROUP, INC. Construction & Building Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.87 % 8/27/2028 726,092 721,684 724,843 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Charlotte Buyer, Inc. Services: Business Term Loan B (07/24) Loan 1M USD SOFR+ 4.75 % 0.50 % 10.08 % 2/11/2028 1,477,500 1,405,241 1,485,301 Chemours Company, (The) Chemicals, Plastics, & Rubber Term Loan B2 Loan 1M USD SOFR+ 3.50 % 0.50 % 8.75 % 8/18/2028 2,381,718 2,347,211 2,375,764 Churchill Downs Incorporated Hotel, Gaming & Leisure Term Loan B1 (3/21) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.35 % 3/17/2028 483,750 483,217 483,750 CIMPRESS PUBLIC LIMITED COMPANY Media: Advertising, Printing & Publishing Term Loan B1 (05/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.25 % 5/17/2028 1,949,936 1,883,863 1,949,117 CITADEL SECURITIES LP Banking, Finance, Insurance & Real Estate Term Loan B (01/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.50 % 7/29/2030 4,839,048 4,839,048 4,847,516 Citco Funding LLC Banking, Finance, Insurance & Real Estate Term Loan B (06/24) Loan 3M USD SOFR+ 2.75 % 0.50 % 8.10 % 4/27/2028 992,513 988,572 997,475 Clarios Global LP Automotive Term Loan B (07/24) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.75 % 5/6/2030 1,197,000 1,192,024 1,197,994 Claros Mortgage Trust, Inc Banking, Finance, Insurance & Real Estate Term Loan B-1 (11/21) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.85 % 8/9/2026 3,386,534 3,375,262 3,200,274 CLYDESDALE ACQUISITION HOLDINGS, INC. Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 3.18 % 0.50 % 8.42 % 4/13/2029 1,220,000 1,197,598 1,217,584 Columbus McKinnon Corporation Capital Equipment Term Loan (03/24) Loan 3M USD SOFR+ 2.50 % 0.50 % 7.83 % 5/14/2028 378,325 377,813 379,509 Conduent, Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 4.25 % 0.50 % 9.61 % 10/16/2028 208,666 204,439 207,623 Connect Finco SARL Telecommunications Term Loan B (03/24) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.75 % 9/11/2029 2,880,281 2,809,410 2,797,473 Consolidated Communications, Inc. Telecommunications Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.86 % 10/2/2027 2,714,005 2,572,136 2,592,716 CORAL-US CO-BORROWER LLC Telecommunications Term Loan B-5 Loan 1M USD SOFR+ 2.25 % 0.00 % 7.70 % 1/31/2028 4,000,000 3,991,962 3,948,000 Corelogic, Inc. Services: Business Term Loan (4/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 6/2/2028 2,431,250 2,424,504 2,397,820 Cortes NP Acquisition Corp (Vertiv) Capital Equipment Term Loan B (05/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 7.34 % 3/2/2027 1,930,437 1,930,437 1,934,954 Creative Artists Agency, LLC Media: Diversified & Production Term Loan B Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 11/27/2028 1,580,064 1,571,122 1,586,479 CROCS INC Consumer goods: Durable Term Loan B (01/24) Loan 1M USD SOFR+ 2.25 % 0.50 % 7.50 % 2/19/2029 922,500 895,746 925,157 Cross Financial Corp Banking, Finance, Insurance & Real Estate Term Loan B2 Loan 1M USD SOFR+ 3.50 % 0.75 % 8.75 % 9/15/2027 486,281 486,231 487,195 Crown Subsea Communications Holding, Inc. Construction & Building Term Loan B Loan 3M USD SOFR+ 4.00 % 0.75 % 9.25 % 1/30/2031 2,400,000 2,378,157 2,413,992 CSC Holdings LLC (Neptune Finco Corp.) Media: Broadcasting & Subscription Term Loan 12/22 Loan 1M USD SOFR+ 4.50 % 0.00 % 9.84 % 1/15/2028 2,364,032 2,357,265 2,251,740 CSC Holdings LLC (Neptune Finco Corp.) Media: Broadcasting & Subscription Term Loan B-5 Loan 1M USD LIBOR+ 2.50 % 0.00 % 7.95 % 4/15/2027 477,500 477,500 401,339 CTC Holdings, LP Banking, Finance, Insurance & Real Estate Term Loan B Loan 3M USD SOFR+ 5.00 % 0.50 % 10.27 % 2/15/2029 2,199,375 2,159,261 2,182,880 CTS Midco, LLC High Tech Industries Term Loan B Loan 3M USD SOFR+ 6.00 % 1.00 % 11.51 % 11/2/2027 1,928,210 1,898,801 1,920,980 Dave & Buster’s Inc. Hotel, Gaming & Leisure Term Loan B (1/24) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 6/29/2029 985,069 947,486 983,227 DCert Buyer, Inc. High Tech Industries Term Loan Loan 1M USD SOFR+ 4.00 % 0.00 % 9.25 % 10/16/2026 1,447,103 1,447,103 1,415,904 Delek US Holdings, Inc. Utilities: Oil & Gas Term Loan B (11/22) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.85 % 11/16/2029 5,319,000 5,225,625 5,314,585 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Delta 2 Lux Sarl Hotel, Gaming & Leisure Term Loan B Loan 3M USD SOFR+ 2.25 % 0.50 % 7.58 % 1/15/2030 2,000,000 1,991,966 2,007,500 Derby Buyer LLC Chemicals, Plastics, & Rubber Term Loan (5/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.84 % 11/1/2030 623,438 614,878 624,217 DexKo Global, Inc. (Dragon Merger) Automotive Term Loan (9/21) Loan 3M USD SOFR+ 3.75 % 0.50 % 9.35 % 10/4/2028 977,500 974,845 954,656 DG Investment Intermediate Holdings 2, Inc. Aerospace & Defense Incremental Term Loan (3/22) Loan 1M USD SOFR+ 4.75 % 0.75 % 10.00 % 3/31/2028 491,250 476,791 491,559 Diamond Sports Group, LLC Media: Broadcasting & Subscription 1st Priority Term Loan Loan 1M USD SOFR+ 10.00 % 1.00 % 15.44 % 5/25/2026 152,224 149,983 138,632 DIRECTV FINANCING, LLC Media: Broadcasting & Subscription Term Loan (1/24) Loan 1M USD SOFR+ 5.25 % 0.75 % 10.71 % 8/2/2029 3,046,450 3,028,017 3,031,918 DISCOVERY PURCHASER CORPORATION Chemicals, Plastics, & Rubber Term Loan Loan 3M USD SOFR+ 4.38 % 0.50 % 9.69 % 10/4/2029 1,477,612 1,383,730 1,476,031 Dispatch Acquisition Holdings, LLC Environmental Industries Term Loan B (3/21) Loan 3M USD SOFR+ 4.25 % 0.75 % 9.73 % 3/25/2028 485,000 482,285 409,219 DOMTAR CORPORATION Forest Products & Paper Term Loan 9/21 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.86 % 11/30/2028 3,157,692 3,107,270 3,049,162 DOTDASH MEREDITH, INC. Media: Advertising, Printing & Publishing Term Loan B Loan 1M USD SOFR+ 4.00 % 0.50 % 9.44 % 11/30/2028 1,964,646 1,813,703 1,962,191 DRI HOLDING INC. Media: Advertising, Printing & Publishing Term Loan (12/21) Loan 1M USD SOFR+ 5.25 % 0.50 % 10.60 % 12/15/2028 3,912,450 3,799,628 3,755,952 DRW Holdings, LLC Banking, Finance, Insurance & Real Estate Term Loan B (06/24) Loan 6M USD SOFR+ 3.50 % 0.00 % 8.59 % 6/17/2031 6,305,000 6,278,088 6,310,927 DTZ U.S. Borrower, LLC Construction & Building Term Loan B (04/24) Loan 1M USD SOFR+ 3.75 % 0.50 % 9.00 % 1/31/2030 1,097,250 1,073,039 1,099,993 DTZ U.S. Borrower, LLC Construction & Building Term Loan Loan 1M USD SOFR+ 2.75 % 0.00 % 8.11 % 8/21/2025 49,419 49,382 49,357 DTZ U.S. Borrower, LLC Construction & Building Term Loan B1 (06/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.25 % 1/31/2030 2,019,155 2,017,439 2,014,107 Dye & Durham Corporation Services: Business Term Loan B (04/24) Loan 3M USD SOFR+ 4.25 % 1.00 % 9.68 % 4/11/2031 1,500,000 1,478,254 1,503,750 EAB Global, Inc. Services: Business Term Loan (08/21) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 8/16/2028 975,007 972,383 971,350 Echo Global Logistics, Inc. Services: Business Term Loan Loan 1M USD SOFR+ 3.75 % 0.50 % 9.10 % 11/23/2028 1,955,000 1,952,876 1,937,581 Edelman Financial Group Inc., The Banking, Finance, Insurance & Real Estate Term Loan B (05/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 4/7/2028 2,160,773 2,156,819 2,161,746 ELECTRON BIDCO INC. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 3.00 % 0.50 % 8.36 % 11/1/2028 488,750 487,442 489,635 ELO Touch Solutions, Inc. Media: Diversified & Production Term Loan (12/18) Loan 1M USD SOFR+ 6.50 % 0.00 % 11.86 % 12/14/2025 2,201,776 2,179,600 2,185,813 Embecta Corp Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 3.00 % 0.50 % 8.25 % 3/30/2029 3,084,096 3,033,788 3,023,463 Emrld Borrower LP Capital Equipment Term Loan B (04/23) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.56 % 5/31/2030 995,000 990,650 994,274 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Exit Term Loan B (04/24) Loan 3M USD SOFR+ 4.50 % 0.50 % 9.78 % 4/9/2031 2,000,000 1,981,089 1,995,000 Endure Digital, Inc. High Tech Industries Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.96 % 2/10/2028 2,425,000 2,418,676 2,158,250 Entain Holdings (Gibraltar) Limited Hotel, Gaming & Leisure Term Loan B3 (5/24) Loan 6M USD SOFR+ 2.75 % 0.50 % 8.01 % 10/31/2029 1,483,744 1,469,816 1,485,598 EOS U.S. FINCO LLC Transportation: Cargo Term Loan Loan 6M USD SOFR+ 6.00 % 0.50 % 11.26 % 10/6/2029 962,500 900,574 794,784 Equiniti Group PLC Services: Business Term Loan B Loan 6M USD SOFR+ 4.50 % 0.50 % 10.01 % 12/11/2028 975,000 968,670 982,313 Evertec Group LLC Banking, Finance, Insurance & Real Estate Term Loan B (09/23) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 10/30/2030 1,125,000 1,109,641 1,133,438 EyeCare Partners, LLC Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 1.00 % 0.00 % 6.38 % 11/30/2028 12,285 13,510 7,678 Fiesta Purchaser, Inc. Beverage, Food & Tobacco First Lien TLB Loan 1M USD SOFR+ 4.00 % 0.00 % 9.25 % 2/12/2031 500,000 495,383 502,500 Finco I LLC Banking, Finance, Insurance & Real Estate Term Loan B (08/23) Loan 3M USD SOFR+ 3.00 % 0.00 % 8.26 % 6/27/2029 2,802,640 2,800,104 2,816,653 First Brands Group, LLC Automotive 1st Lien Term Loan (3/21) Loan 3M USD SOFR+ 5.00 % 1.00 % 10.51 % 3/30/2027 4,837,500 4,798,636 4,772,484 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair First Eagle Investment Management Banking, Finance, Insurance & Real Estate Term Loan B (02/24) Loan 3M USD SOFR+ 3.00 % 0.00 % 8.33 % 3/5/2029 5,078,923 5,070,226 5,028,134 First Student Bidco Inc. Transportation: Consumer Term Loan B Loan 3M USD SOFR+ 3.00 % 0.50 % 8.60 % 7/21/2028 711,437 708,240 712,611 First Student Bidco Inc. Transportation: Consumer Term Loan C Loan 3M USD SOFR+ 3.00 % 0.50 % 8.60 % 7/21/2028 216,966 215,980 217,324 Fitness International, LLC (LA Fitness) Services: Consumer Term Loan B (1/24) Loan 1M USD SOFR+ 5.25 % 1.00 % 10.50 % 2/5/2029 1,197,000 1,164,665 1,192,511 Flutter Financing B.V. Hotel, Gaming & Leisure Term Loan B3 (11/23) Loan 3M USD SOFR+ 2.25 % 0.50 % 7.58 % 11/25/2030 3,731,250 3,721,953 3,730,578 FOCUS FINANCIAL PARTNERS, LLC Banking, Finance, Insurance & Real Estate Term Loan B7 Loan 1M USD SOFR+ 2.75 % 0.50 % 8.00 % 6/30/2028 1,465,026 1,452,221 1,463,473 Franchise Group, Inc. Services: Consumer First Out Term Loan Loan 6M USD SOFR+ 4.75 % 0.75 % 10.39 % 3/10/2026 801,094 798,183 480,656 Franchise Group, Inc. Services: Consumer Term Loan B Loan 3M USD SOFR+ 4.75 % 0.75 % 10.25 % 3/10/2026 2,962,500 2,882,924 1,792,313 Franklin Square Holdings, L.P. Banking, Finance, Insurance & Real Estate Term Loan B (04/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.50 % 4/25/2031 4,252,472 4,246,263 4,249,835 Froneri International (R&R Ice Cream) Beverage, Food & Tobacco Term Loan B-2 Loan 1M USD SOFR+ 2.25 % 0.00 % 7.60 % 1/29/2027 1,920,000 1,919,309 1,922,054 Garrett LX III S.a r.l. Automotive Term Loan Loan 3M USD SOFR+ 2.75 % 0.50 % 8.00 % 4/30/2028 1,458,750 1,454,817 1,460,573 Gemini HDPE LLC Chemicals, Plastics, & Rubber Term Loan B (12/20) Loan 3M USD SOFR+ 3.00 % 0.50 % 8.51 % 12/31/2027 2,128,892 2,119,613 2,131,021 Genesee & Wyoming, Inc. Transportation: Cargo Term Loan B (03/24) Loan 3M USD SOFR+ 2.00 % 0.00 % 7.33 % 4/10/2031 1,500,000 1,492,740 1,499,535 GGP Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.50 % 0.00 % 7.85 % 8/27/2025 2,420,998 2,328,941 2,410,782 GIP Pilot Acquisition Partners, L.P. Energy: Oil & Gas Term Loan (05/24) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.82 % 10/4/2030 454,423 452,427 455,560 Global Tel*Link Corporation Telecommunications Term Loan (6/24) Loan 1M USD SOFR+ 7.50 % 3.00 % 12.85 % 7/31/2029 4,821,101 4,748,318 4,656,364 Go Daddy Operating Company, LLC High Tech Industries Term Loan B7 Loan 1M USD SOFR+ 1.75 % 0.00 % 7.00 % 5/30/2031 944,956 944,956 943,869 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 1,825,000 1,814,836 1,523,875 GOTO GROUP, INC. High Tech Industries First Lien Term Loan Loan 1M USD SOFR+ 4.75 % 0.00 % 10.14 % 4/30/2028 1,251,655 765,868 1,055,308 GOTO GROUP, INC. High Tech Industries Second-Out Term Loan (02/24) Loan 1M USD SOFR+ 4.75 % 0.00 % 10.14 % 4/30/2028 1,728,476 1,651,310 665,463 Graham Packaging Co Inc Containers, Packaging & Glass Term Loan B (07/24) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.75 % 8/4/2027 942,441 939,210 942,017 Great Outdoors Group, LLC Retail Term Loan B2 Loan 1M USD SOFR+ 3.75 % 0.75 % 9.11 % 3/6/2028 965,206 962,753 964,801 Griffon Corporation Consumer goods: Durable Term Loan B Loan 3M USD SOFR+ 2.00 % 0.00 % 7.34 % 1/24/2029 143,438 143,243 143,169 Grosvenor Capital Management Holdings, LLLP Banking, Finance, Insurance & Real Estate Term Loan B (5/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.50 % 2/25/2030 2,800,713 2,800,234 2,803,346 Groupe Solmax Inc. Environmental Industries Term Loan (6/21) Loan 3M USD SOFR+ 4.75 % 0.75 % 10.35 % 5/27/2028 2,424,733 2,113,351 2,288,778 GYP HOLDINGS III CORP. Construction & Building Term Loan (1/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.50 % 5/12/2030 248,128 247,069 247,922 Hertz Corporation (The) Transportation: Consumer Term Loan B Loan 3M USD SOFR+ 3.75 % 0.00 % 9.10 % 6/30/2028 2,093,490 2,039,739 1,886,381 Hillman Group Inc. (The) (New) Consumer goods: Durable Term Loan B-1 (2/21) Loan 1M USD SOFR+ 2.25 % 0.50 % 7.50 % 7/14/2028 3,154,420 3,152,395 3,155,619 Hilton Domestic Operating Company Inc. Hotel, Gaming & Leisure Term Loan B 4 Loan 1M USD SOFR+ 1.75 % 0.00 % 7.03 % 11/8/2030 1,500,000 1,496,812 1,501,710 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Hilton Grand Vacations Borrower LLC Hotel, Gaming & Leisure Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.18 % 8/2/2028 500,000 500,000 499,295 HLF Financing SARL (Herbalife) Consumer goods: Non-durable Term Loan Loan 1M USD SOFR+ 6.75 % 0.50 % 12.00 % 4/12/2029 3,116,400 3,114,318 2,961,297 Holley Purchaser, Inc Automotive Term Loan (11/21) Loan 1M USD SOFR+ 3.75 % 0.75 % 9.11 % 11/17/2028 2,202,149 2,196,509 2,182,880 Hudson River Trading LLC Banking, Finance, Insurance & Real Estate Term Loan (3/21) Loan 3M USD SOFR+ 3.00 % 0.00 % 8.32 % 3/17/2028 5,805,000 5,773,194 5,796,118 Hunter Douglas Inc Consumer goods: Durable Term Loan B-1 Loan 3M USD SOFR+ 3.50 % 0.50 % 8.57 % 2/26/2029 2,462,374 2,243,517 2,443,906 Hyperion Refinance S.a.r.l. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.75 % 2/15/2031 2,992,500 2,978,860 2,993,847 Idera, Inc. High Tech Industries Term Loan (06/24) Loan 3M USD SOFR+ 3.50 % 0.75 % 8.75 % 3/2/2028 4,749,901 4,745,286 4,715,132 IMA Financial Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan (10/21) Loan 1M USD SOFR+ 3.25 % 0.50 % 8.50 % 11/1/2028 2,452,455 2,444,649 2,449,390 INDY US BIDCO, LLC Services: Business Term Loan (11/21) Loan 1M USD SOFR+ 3.75 % 0.00 % 9.11 % 3/6/2028 2,182,047 2,181,428 2,152,829 INEOS 226 Ltd. Chemicals, Plastics, & Rubber Term Loan 3/23 Loan 1M USD SOFR+ 3.75 % 0.00 % 9.10 % 3/13/2030 495,000 490,728 494,792 Ineos US Finance LLC Chemicals, Plastics, & Rubber Term Loan C Loan 1M USD SOFR+ 3.25 % 0.00 % 8.50 % 2/18/2030 992,500 984,060 990,019 INEOS US PETROCHEM LLC Chemicals, Plastics, & Rubber Term Loan B Loan 1M USD SOFR+ 4.25 % 0.00 % 9.60 % 4/2/2029 2,708,087 2,655,367 2,711,472 Informatica Inc. High Tech Industries Term Loan B (06/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.50 % 10/27/2028 488,750 488,682 489,669 Ingram Micro Inc. Wholesale Term Loan (09/23) Loan 3M USD SOFR+ 3.00 % 0.50 % 8.60 % 6/30/2028 978,511 972,462 981,368 Inmar, Inc. Services: Business Term Loan (06/23) Loan 1M USD SOFR+ 5.50 % 1.00 % 10.75 % 5/1/2026 3,316,500 3,242,891 3,323,763 Innophos, Inc. Chemicals, Plastics, & Rubber Term Loan B Loan 1M USD SOFR+ 3.75 % 0.00 % 9.11 % 2/4/2027 478,750 478,001 478,152 INSTANT BRANDS HOLDINGS INC. (b)(c) Consumer goods: Durable Instant Brands TL Loan 3M USD SOFR+ 15.00 % 0.00 % 20.34 % 2/26/2031 37,614 30,255 37,614 IRB Holding Corporation Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 2.75 % 0.75 % 8.10 % 12/15/2027 493,724 490,080 493,907 Isagenix International, LLC (c) Beverage, Food & Tobacco Term Loan Loan 6M USD SOFR+ 2.50 % 0.00 % 2.50 % 4/13/2028 1,316,681 928,733 1,132,346 Isolved Inc. Services: Business Term Loan (4/24) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.75 % 10/14/2030 623,438 617,611 625,775 Jane Street Group Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 2.50 % 0.00 % 7.86 % 1/26/2028 3,860,000 3,859,188 3,861,698 Journey Personal Care Corp. Consumer goods: Non-durable Term Loan B Loan 1M USD SOFR+ 4.25 % 0.75 % 9.62 % 3/1/2028 2,910,000 2,866,904 2,897,865 JP Intermediate B, LLC Consumer goods: Non-durable Term Loan 7/23 Loan 3M USD SOFR+ 5.50 % 1.00 % 11.01 % 11/20/2027 3,413,673 3,401,590 238,957 Kleopatra Finco S.a r.l. Containers, Packaging & Glass Term Loan (1/21) (USD) Loan 6M USD SOFR+ 4.73 % 0.50 % 9.72 % 2/12/2026 1,451,250 1,450,520 1,366,250 Kodiak BP, LLC Construction & Building Term Loan Loan 3M USD SOFR+ 3.25 % 0.75 % 8.85 % 3/13/2028 483,617 482,833 483,922 Kodiak BP, LLC Construction & Building Term Loan B2 Loan 3M USD SOFR+ 3.75 % 0.00 % 9.08 % 3/13/2028 498,750 496,426 501,244 Koppers Inc Chemicals, Plastics, & Rubber Term Loan B (04/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 8.34 % 4/10/2030 990,031 964,500 992,506 KREF Holdings X LLC Banking, Finance, Insurance & Real Estate Term Loan (11/21) Loan 3M USD SOFR+ 3.50 % 0.50 % 9.08 % 9/1/2027 483,844 477,925 477,796 Lakeland Tours, LLC (c) Hotel, Gaming & Leisure Holdco Fixed Term Loan Loan Fixed 0.00 % 0.00 % 8.00 % 9/27/2027 1,127,568 626,323 197,324 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Current Maturity Principal/ Cost Fair Latham Pool Products, Inc. Consumer goods: Durable Term Loan 2/22 Loan 1M USD SOFR+ 4.00 % 0.50 % 9.35 % 2/23/2029 997,203 982,857 952,329 Lealand Finance Company B.V. (c) Energy: Oil & Gas Exit Term Loan Loan 1M USD SOFR+ 1.00 % 0.00 % 6.46 % 12/31/2027 361,211 361,211 127,627 LHS BORROWER, LLC Construction & Building Term Loan (02/22) Loan 1M USD SOFR+ 4.75 % 0.50 % 10.10 % 2/16/2029 2,462,968 2,101,336 2,301,644 Lifetime Brands, Inc Consumer goods: Non-durable Term Loan Loan 1M USD SOFR+ 5.50 % 1.00 % 10.90 % 8/26/2027 1,617,830 1,612,762 1,569,295 Liquid Tech Solutions Holdings, LLC Services: Business Term Loan Loan 1M USD SOFR+ 4.75 % 0.75 % 10.11 % 3/17/2028 970,000 968,360 967,575 LOYALTY VENTURES INC. (b) Services: Business Term Loan B Loan Prime 5.50 % 0.50 % 14.00 % 11/3/2027 2,913,525 2,903,746 21,851 LPL Holdings, Inc. Banking, Finance, Insurance & Real Estate Term Loan B1 Loan 1M USD SOFR+ 1.75 % 0.00 % 7.19 % 11/11/2026 1,189,178 1,188,643 1,188,120 LSF11 A5 HOLDCO LLC Chemicals, Plastics, & Rubber Term Loan B (06/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.86 % 10/15/2028 1,729,327 1,711,900 1,726,543 LSF11 TRINITY BIDCO INC Aerospace & Defense Term Loan B (06/24) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.81 % 6/14/2030 975,840 963,067 970,961 LSF9 Atlantis Holdings, LLC (A Wireless) Retail Term Loan (2/24) Loan 3M USD SOFR+ 6.50 % 0.75 % 11.83 % 3/31/2029 2,740,313 2,671,808 2,754,014 Lumen Technologies Inc Telecommunications Term Loan B1 (3/24) Loan 1M USD SOFR+ 2.35 % 2.00 % 7.74 % 4/15/2029 1,616,424 1,615,740 1,296,502 Lumen Technologies Inc Telecommunications Term Loan B2 (3/24) Loan 1M USD SOFR+ 2.35 % 2.00 % 7.74 % 4/15/2030 1,616,424 1,615,734 1,263,704 MAGNITE, INC. Services: Business Term Loan B (01/24) Loan 1M USD SOFR+ 4.50 % 0.00 % 9.75 % 2/6/2031 3,241,875 3,211,441 3,260,127 Marriott Ownership Resorts, Inc. Hotel, Gaming & Leisure Term Loan B (3/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 7.50 % 4/1/2031 1,317,074 1,317,074 1,312,965 Match Group, Inc, The Services: Consumer Term Loan (1/20) Loan 3M USD SOFR+ 1.75 % 0.00 % 7.24 % 2/15/2027 250,000 249,789 249,688 Max US Bidco Inc. Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 5.00 % 0.50 % 10.25 % 10/3/2030 1,995,000 1,872,111 1,862,891 Mayfield Agency Borrower Inc. (FeeCo) Banking, Finance, Insurance & Real Estate Term Loan B (06/24) Loan 3M USD SOFR+ 3.75 % 0.00 % 9.00 % 2/28/2028 3,424,168 3,349,573 3,425,401 McGraw-Hill Educati

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Aug. 31, 2024
Income Taxes [Abstract]
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities, and related valuation allowance as of August 31, 2024 and February 29, 2024 were as follows: August 31, February 29, Total deferred tax assets $ 1,775,324 $ 2,650,580 Total deferred tax liabilities (4,522,183 ) (3,901,995 ) Valuation allowance on net deferred tax assets (1,671,021 ) (2,539,735 ) Net deferred tax liability $ (4,417,880 ) $ (3,791,150 )
Schedule of Federal and State Income Tax Provisions Benefit	Federal and state income tax (provisions) benefit on investments for three and six months ended August 31, 2024 and August 31, 2023: For the three months ended For the six months ended August 31, August 31, August 31, August 31, Current Federal $ - $ - $ - $ - State - - - Net current expense - - - - Deferred Federal 268,114 (23,832 ) 590,581 (38,741 ) State 12,993 7,708 36,150 8,680 Net deferred expense 281,107 (16,124 ) 626,731 (30,060 ) Net tax provision $ 281,107 $ (16,124 ) $ 626,731 $ (30,060 )

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Aug. 31, 2024
Borrowings [Abstract]
Schedule of Credit Facility	During the six months ended August 31, 2024 and August 31, 2023 the average dollar amount of 8.50% 2028 Notes outstanding was $57.5 million and $42.9 million respectively. Class and Year (1)(2) Total Amount Asset Involuntary Average (in thousands) Credit Facility with Encina Lender Finance, LLC Fiscal year 2025 (as of August 31, 2024) $ 32,500 $ 1,596 - N/A Fiscal year 2024 (as of February 29, 2024) $ 35,000 $ 1,610 - N/A Fiscal year 2023 (as of February 28, 2023) $ 32,500 $ 1,659 - N/A Fiscal year 2022 (as of February 28, 2022) $ 12,500 $ 2,093 - N/A Credit Facility with Live Oak Banking Company Fiscal year 2025 (as of August 31, 2024) $ 20,000 $ 1,596 - 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 2025 Fiscal year 2025 (as of August 31, 2024) $ 20,000 $ 1,596 - $ 25.00 (12) Fiscal year 2024 (as of February 29, 2024) $ 20,000 $ 1,610 - $ 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 2025 (as of August 31, 2024) $ 12,000 $ 1,596 - $ 25.00 (12) Fiscal year 2024 (as of February 29, 2024) $ 12,000 $ 1,610 - $ 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) Class and Year (1)(2) Total Amount Asset Involuntary Average (in thousands) 7.75% Notes due 2025 Fiscal year 2025 (as of August 31, 2024) $ 5,000 $ 1,596 - $ 25.00 (12) Fiscal year 2024 (as of February 29, 2024) $ 5,000 $ 1,610 - $ 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 2025 (as of August 31, 2024) $ 175,000 $ 1,596 - $ 25.00 (12) Fiscal year 2024 (as of February 29, 2024) $ 175,000 $ 1,610 - $ 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 2025 (as of August 31, 2024) $ 75,000 $ 1,596 - $ 25.00 (12) Fiscal year 2024 (as of February 29, 2024) $ 75,000 $ 1,610 - $ 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 2025 (as of August 31, 2024) $ 105,500 $ 1,596 - $ 24.18 (15) Fiscal year 2024 (as of February 29, 2024) $ 105,500 $ 1,610 - $ 23.51 (15) Fiscal year 2023 (as of February 28, 2023) $ 105,500 $ 1,659 - $ 23.97 (15) 6.25% Notes due 2027 Fiscal year 2025 (as of August 31, 2024) $ 15,000 $ 1,596 - $ 25.00 (12) Fiscal year 2024 (as of February 29, 2024) $ 15,000 $ 1,610 - $ 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 2025 (as of August 31, 2024) $ 46,000 $ 1,596 - $ 25.11 (15) Fiscal year 2024 (as of February 29, 2024) $ 46,000 $ 1,610 - $ 25.00 (15) 8.125% Notes due 2027 Fiscal year 2025 (as of August 31, 2024) $ 60,375 $ 1,596 - $ 25.20 (15) Fiscal year 2024 (as of February 29, 2024) $ 60,375 $ 1,610 - $ 25.05 (15) Fiscal year 2023 (as of February 28, 2023) $ 60,375 $ 1,659 - $ 25.10 (15) 8.50% Notes due 2028 Fiscal year 2025 (as of August 31, 2024) $ 57,500 $ 1,596 - $ 25.34 (16) Fiscal year 2024 (as of February 29, 2024) $ 57,500 $ 1,610 - $ 25.17 (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)	6 Months Ended
	Aug. 31, 2024
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 August 31, 2024: Payment Due by Period Long-Term Debt Obligations Total Less Than 1 - 3 3 - 5 More Than ($ in thousands) Encina credit facility $ 32,500 $ - $ 32,500 $ - $ - Live Oak credit facility 20,000 - 20,000 - - SBA debentures 214,000 - - - 214,000 8.75% 2025 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 $ 837,875 $ 25,000 $ 420,000 $ 178,875 $ 214,000
Schedule of Unfunded Commitments Outstanding	A summary of the unfunded commitments outstanding as of August 31, 2024 and February 29, 2024 is shown in the table below (dollars in thousands): August 31, February 29, At Company’s discretion ActiveProspect, Inc. $ 10,000 $ 10,000 Artemis Wax Corp. 23,500 23,500 Ascend Software, LLC 5,000 5,000 C2 Educational Systems 2,000 - Davisware, LLC 1,000 - Granite Comfort, LP - 750 JDXpert 4,500 5,000 LFR Chicken LLC 10,000 - Pepper Palace, Inc. 1,200 1,898 Procurement Partners, LLC 4,250 4,250 Saratoga Senior Loan Fund I JV, LLC 8,548 8,548 Sceptre Hospitality Resources, LLC - 5,000 Stretch Zone Franchising, LLC 3,750 3,750 VetnCare MSO, LLC 10,000 10,000 Total $ 83,748 $ 77,696 At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required Alpha Aesthetics Partners OpCo, LLC $ 3,902 $ 6,500 ARC Health OpCo LLC - 2,585 Axero Holdings, LLC - Revolver 500 500 Axiom Medical Consulting, LLC 2,000 2,000 BQE Software, Inc. 3,250 3,250 C2 Educational Systems - 3,000 Davisware, LLC 2,000 750 Exigo, LLC - Revolver 625 1,042 Gen4 Dental Partners Holdings, LLC 2,857 - GoReact 2,500 2,500 Granite Comfort, LP 11,637 11,637 Inspect Point Holding, LLC 1,500 1,500 Pepper Palace, Inc. - Revolver 800 2,500 Stretch Zone Franchising, LLC 1,500 1,500 VetnCare MSO, LLC 15,319 15,319 Zollege PBC - 150 48,390 54,733 Total $ 132,138 $ 132,429

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Aug. 31, 2024
Stockholders' Equity [Abstract]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity	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 Shares Amount of Par Value (Loss) Net Assets 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 Offfering 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 - 9,012,500 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 Increase (Decrease) from Operations: Net investment income - - - 12,784,511 12,784,511 Net realized gain (loss) from investments - - - 2,327 2,327 Net change in unrealized appreciation (depreciation) on investments - - - (7,164,613 ) (7,164,613 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (315,473 ) (315,473 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,803,576 ) (9,803,576 ) Capital Share Transactions: Proceeds from issuance of common stock 501,105 501 13,028,269 - 13,028,770 Capital contribution from Manager - - 1,382,009 - 1,382,009 Stock dividend distribution 37,394 38 915,155 - 915,193 Offering costs - - (163,789 ) - (163,789 ) Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles - - (779,040 ) 779,040 - Balance at February 29, 2024 13,653,476 $ 13,654 $ 371,081,199 $ (870,745 ) $ 370,224,108 Increase (Decrease) from Operations: Net investment income - - - 14,335,005 14,335,005 Net realized gain (loss) from investments - - - (21,194,997 ) (21,194,997 ) Net change in unrealized appreciation (depreciation) on investments - - - 13,931,431 13,931,431 Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (461,001 ) (461,001 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (9,967,036 ) (9,967,036 ) Capital Share Transactions: Stock dividend distribution 45,490 45 987,527 - 987,572 Balance at May 31, 2024 13,698,966 $ 13,699 $ 372,068,726 $ (4,227,343 ) $ 367,855,082 Increase (Decrease) from Operations: Net investment income - - - 18,197,398 18,197,398 Net realized gain (loss) from investments - - - (33,448,727 ) (33,448,727 ) Net change in unrealized appreciation (depreciation) on investments - - - 28,728,155 28,728,155 Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (159,187 ) (159,187 ) Decrease from Shareholder Distributions: Distributions of investment income – net - - - (10,137,233 ) (10,137,233 ) Capital Share Transactions: Stock dividend distribution 46,803 47 1,018,307 - 1,018,354 Balance at August 31, 2024 13,745,769 $ 13,746 $ 373,087,033 $ (1,046,937 ) $ 372,053,842

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Aug. 31, 2024
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 six months ended August 31, 2024 and August 31, 2023 (dollars in thousands except share and per share amounts): For the three months ended For the six months ended Basic and Diluted August 31, August 31, August 31, August 31, Net increase (decrease) in net assets resulting from operations $ 13,318 $ 7,896 $ 19,928 $ 7,683 Weighted average common shares outstanding 13,726,142 12,158,440 13,704,759 12,011,180 Weighted average earnings (loss) per common share $ 0.97 $ 0.65 $ 1.45 $ 0.64

Dividend (Tables)

Dividend (Tables)	6 Months Ended
	Aug. 31, 2024
Dividend [Abstract]
Schedule of Dividends Declared	The following table summarizes dividends declared for the six months ended August 31, 2024 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total August 22, 2024 September 11, 2024 September 26, 2024 $ 0.74 $ 10,172 May 23, 2024 June 13, 2024 June 27, 2024 0.74 10,137 Total dividends declared $ 1.48 $ 20,309 * Total amount is calculated based on the number of shares outstanding at the date of record. The following table summarizes dividends declared for the six months ended August 31, 2023 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total 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 $ 1.41 $ 17,639

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Aug. 31, 2024
Investment Company, Financial Highlights [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights as of and for the six months ended August 31, 2024 and August 31, 2023: Per share data August 31, August 31, Net asset value at beginning of period $ 27.12 $ 29.18 Net investment income(1) 2.37 2.49 Net realized and unrealized gain and losses on investments(1) (0.92 ) (1.84 ) Realized losses on extinguishment of debt - (0.01 ) Net increase in net assets resulting from operations 1.45 0.64 Distributions declared from net investment income (1.47 ) (1.39 ) Total distributions to stockholders (1.47 ) (1.39 ) Issuance of common stock at net asset value (2) - (0.21 ) Capital contribution from Manager for the issuance of common stock (14) - 0.23 Repurchases of common stock(3) - 0.04 Dilution(4) (0.03 ) (0.05 ) Net asset value at end of period $ 27.07 $ 28.44 Net assets at end of period $ 372,053,842 $ 362,078,755 Shares outstanding at end of period 13,745,769 12,729,781 Per share market value at end of period $ 23.57 $ 25.85 Total return based on market value(5)(6) 6.70 % (0.69 )% Total return based on net asset value(5)(7) 6.68 % 3.15 % Ratio/Supplemental data: Ratio of net investment income to average net assets(8) 19.60 % 17.80 % Expenses: Ratios of operating expenses and income taxes to average net assets*(9) 8.16 % 7.76 % Ratio of incentive management fees to average net assets(5) 2.20 % 0.74 % Ratio of interest and debt financing expenses to average net assets(9) 13.99 % 13.75 % Ratio of total expenses and income taxes to average net assets*(8) 24.35 % 22.25 % Portfolio turnover rate(5)(10) 3.84 % 1.63 % Asset coverage ratio per unit(11) 1,596 1,597 Average market value per unit Revolving Credit Facilities(12) N/A N/A SBA Debentures Payable(12) N/A N/A 8.75% Notes Payable 2025(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 $ 24.18 $ 23.31 6.25% Notes Payable 2027(12) N/A N/A 8.00% Notes Payable 2027 $ 25.11 $ 24.92 8.125% Notes Payable 2027 $ 25.20 $ 24.93 8.50% Notes Payable 2028 $ 25.34 $ 25.03 * 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 Facilities, SBA Debentures, 8.75% Notes Payable 2025, 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		6 Months Ended
	Oct. 28, 2022	Aug. 31, 2024
SBA [Member]
Organization [Line Items]
Additional long-term capital		$ 175
Maximum amount of outstanding SBA debentures		350
Regulatory capital		$ 175
Collateralized Loan Obligations [Member]
Organization [Line Items]
Issued of debt	$ 402.1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Aug. 31, 2024	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Summary of Significant Accounting Policies [Line Items]
Non-accrual fair value (in Dollars)	$ 3.6	$ 18.9
Fair value percentage	0.40%	1.70%
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%
Income tax excess (in Dollars)		$ 1.8	$ 1.1	$ 0.6
Aggregate declared distribution, percentage	20%
Cash declared distribution, percentage	20%
Cash and Cash Equivalents [Member]
Summary of Significant Accounting Policies [Line Items]
Outstanding voting shares percentage	3%
Control Investments [Member]
Summary of Significant Accounting Policies [Line Items]
Outstanding voting shares percentage	25%
Investment owned board representation percentage	50%
SLF JV [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of voting interest	50%
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Aggregate value in excess percentage	5%
Minimum [Member] | Affiliated Investments [Member]
Summary of Significant Accounting Policies [Line Items]
Outstanding voting shares percentage	5%
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Aggregate value in excess percentage	10%
Maximum [Member] | Affiliated Investments [Member]
Summary of Significant Accounting Policies [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 ($)	Aug. 31, 2024	Feb. 29, 2024	Aug. 31, 2023	Feb. 28, 2023
Schedule of Reconciliation of Cash and Cash Equivalents and Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 84,569,590	$ 8,692,846
Cash and cash equivalents, reserve accounts	77,434,591	31,814,278
Total cash and cash equivalents and cash and cash equivalents, reserve accounts	$ 162,004,181	$ 40,507,124	$ 48,432,900	$ 96,076,273

Investments (Details)

Investments (Details) - USD ($)										1 Months Ended		3 Months Ended						6 Months Ended		12 Months Ended
	Aug. 31, 2024	Feb. 29, 2024	Jun. 09, 2023	Oct. 28, 2022	Aug. 31, 2021	Aug. 11, 2021	Feb. 28, 2021	Feb. 26, 2021	Dec. 14, 2018	Dec. 31, 2018	Jan. 31, 2008	Aug. 31, 2024	May 31, 2024	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Feb. 29, 2024	Jun. 10, 2024	Aug. 09, 2021
Investments [Line Items]
Realized loss												$ (33,448,727)	$ (21,194,997)	$ 2,327	$ 60,565		$ 90,691	$ (54,643,724)	$ 90,691
Description of valuation model rate																		●Default rate: 2.0%   ● Recovery rate: 35%-70%   ● Discount rate: 8.5%-40.0%   ● Prepayment rate: 20.0%   ● Reinvestment rate / price: S+365bps / $99.00
Fair value investment, Percentage																		5%
Cash contributions	$ 48,341,503	$ 91,270,036							$ 500,000,000			48,341,503		91,270,036				$ 48,341,503		$ 91,270,036
Interest income												$ 0				0		1,600,000	1,600,000
Dividend income																3,400,000		1,500,000
Purchased of fair value percentage												87.50%
Aggregate fair value	963,176,509	1,019,774,616										$ 963,176,509		1,019,774,616				$ 963,176,509		1,019,774,616
Legal maturity date									January 2030
Aggregate principal amount																				8,900,000
Additional investments								$ 14,000,000
Transaction of refinancing and upsizing cost paid								2,600,000													$ 500,000
Outstanding receivable					$ 2,600,000
Issuer issued																					$ 422,500,000
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												792,323				817,250		$ 1,596,779	1,634,038
Investment principal balance	586,200,000	$ 640,800,000										586,200,000		$ 640,800,000				$ 586,200,000		$ 640,800,000
Weighted average spread percentage																		3.70%		3.80%
Percentage of debt weighted average spread																		2.20%		2.20%
Percentage of discount on subordinated note	$ 5,800,000											$ 5,800,000						$ 5,800,000
Percentage of discount rate	40%	22%										40%		22%				40%		22%
Total investment	$ 1,039,041,812	$ 1,179,783,737										$ 1,039,041,812		$ 1,179,783,737				$ 1,039,041,812		$ 1,179,783,737
Received distributions																		88,100,000
Management fees												4,766,445				4,840,899		9,749,025	9,405,088
Incentive fees																		8,100,000	6,500,000
Debt principal balance																				611,000,000
Cash flows of the subordinated notes		9,500,000												9,500,000						9,500,000
The Class F-R-3 Notes [Member]
Investments [Line Items]
Aggregate principal amount								17,900,000
The Class F-R-2 Notes [Member]
Investments [Line Items]
Aggregate principal amount								2,500,000
The Class G-R-2 Notes [Member]
Investments [Line Items]
Aggregate principal amount								7,500,000
The CLO 2013-1 [Member]
Investments [Line Items]
Aggregate principal amount								25,000,000
Class F-R-3 Note [Member]
Investments [Line Items]
Notes exchanged																						$ 17,900,000
The Class F-1-R-3 Notes [Member]
Investments [Line Items]
Realized loss						$ 100,000
Notes exchanged																						8,500,000
The Class F-2-R-3 Notes [Member]
Investments [Line Items]
Notes exchanged	9,400,000											9,400,000						9,400,000				$ 9,400,000
Corresponding fair value																		5,300,000
The Subordinated Notes [Member]
Investments [Line Items]
Interest income																		0	0
Aggregate principal amount																				$ 9,500,000
Notes exchanged	111,000,000											111,000,000						111,000,000
Corresponding fair value																		5,800,000
Maximum [Member]
Investments [Line Items]
Aggregate principal amount									$ 500,000,000
Minimum [Member]
Investments [Line Items]
Aggregate principal amount									300,000,000
PIK [Member]
Investments [Line Items]
Realized loss																		$ 49,100,000
London Interbank Offered Rate [Member]
Investments [Line Items]
Investment description																		1M USD LIBOR - The 1-month USD LIBOR rate as of August 31, 2024 was 5.31%.3M USD LIBOR - The 3-month USD LIBOR rate as of August 31, 2024 was 5.28%.		1M USD LIBOR - The 1-month USD LIBOR rate as of February 29, 2024 was 5.44%.3M USD LIBOR - The 3-month USD LIBOR rate as of February 29, 2024 was 5.60%.
Secured Overnight Financing Rate [Member]
Investments [Line Items]
Investment description																		1M SOFR - The 1-month SOFR rate as of August 31, 2024 was 5.20%.3M SOFR - The 3-month SOFR rate as of August 31, 2024 was 5.02%.6M SOFR - The 6-month SOFR rate as of August 31, 2024 was 4.71%.		1M SOFR - The 1-month SOFR rate as of February 29, 2024 was 5.32%.3M SOFR - The 3-month SOFR rate as of February 29, 2024 was 5.33%.6M SOFR - The 6-month SOFR rate as of February 29, 2024 was 5.27%.
Prime Rate [Member]
Investments [Line Items]
Investment description																		Prime - The Prime Rate as of August 31, 2024 was 8.50%.		Prime - The Prime Rate as of February 29, 2024 was 8.50%.
Saratoga CLO [Member]
Investments [Line Items]
Cash contributions									$ 300,000,000
Interest income												800,000				800,000
Management fee income											$ 30,000,000	800,000				800,000
Total investment	57,800,000	57,800,000					$ 14,000,000			$ 13,800,000		57,800,000		57,800,000				$ 57,800,000		$ 57,800,000
Received distributions																		84,600,000
Management fees																		35,100,000
Incentive fees																		1,200,000
Additional investments							$ 14,000,000			$ 13,800,000	$ 30,000,000
Saratoga CLO [Member] | Maximum [Member]
Investments [Line Items]
Cash contributions								650,000,000
Saratoga CLO [Member] | Minimum [Member]
Investments [Line Items]
Cash contributions								$ 500,000,000
SLF JV [Member]
Investments [Line Items]
Cash contributions	$ 43,750,000											$ 43,750,000						$ 43,750,000
Fixed interest rate	10%											10%						10%
Unsecured debt	$ 2,500,000											$ 2,500,000						$ 2,500,000
Membership interest	2,500,000											2,500,000						2,500,000
Investment unsecured note	16,300,000	15,800,000										16,300,000		15,800,000				16,300,000		15,800,000
Interest income	200,000	200,000										400,000				400,000		900,000	900,000
Dividend income	0	0										900,000				$ 1,500,000		2,200,000	$ 3,400,000
Unsecured percentage			7%
Collateralized loan obligation trust				$ 402,100,000
Saratoga CLO [Member]
Investments [Line Items]
Management fees																		36,700,000
Incentive fees																		1,200,000
TJHA [Member]
Investments [Line Items]
Cash contributions	6,250,000											6,250,000						6,250,000
Unsecured debt	17,600,000											17,600,000						17,600,000
Membership interest	17,600,000											17,600,000						17,600,000
TJHA [Member] | SLF JV [Member]
Investments [Line Items]
Cash contributions	50,000,000											50,000,000						50,000,000
Membership interest	$ 5,100,000	9,400,000										$ 5,100,000		9,400,000				$ 5,100,000		9,400,000
TJHA and SLF JV [Member] | Maximum [Member]
Investments [Line Items]
Ownership percentage	87.50%											87.50%						87.50%
TJHA and SLF JV [Member] | Minimum [Member]
Investments [Line Items]
Ownership percentage	12.50%											12.50%						12.50%
Voting Interest in SLF JV [Member]
Investments [Line Items]
Ownership percentage	50%											50%						50%
Class E [Member]
Investments [Line Items]
Purchased of fair value percentage				87.50%
Purchased of fair value per value				$ 12,250,000
Aggregate fair value	$ 12,300,000	$ 12,300,000										$ 12,300,000		$ 12,300,000				$ 12,300,000		$ 12,300,000

Investments (Details) - Schedul

Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class - USD ($)		6 Months Ended	12 Months Ended
		Aug. 31, 2024	Feb. 29, 2024
Investments (Details) - Schedule of Fair Value Measurements of Investments, by Major Class [Line Items]
First lien term loans		$ 886,176	$ 976,423
Second lien term loans		26,361	18,097
Unsecured term loans		16,280	15,818
Structured finance securities		23,297	30,626
Equity interests		88,597	97,830
Total		1,040,711	1,138,794
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		886,176	976,423
Second lien term loans		26,361	18,097
Unsecured term loans		16,280	15,818
Structured finance securities		23,297	30,626
Equity interests		83,470	88,426
Total		1,035,584	1,129,390
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]	5,127	9,404
Total	[1]	$ 5,127	$ 9,404
[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. The Company’s unsecured loan investment in SLF JV is based on a discounted cash flow valuation technique.

Investments (Details) - Sched_2

Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments - USD ($)	6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	$ 1,129,390	$ 959,483
Payment-in-kind and other adjustments to cost	6,573	(2,707)
Net accretion of discount on investments	1,285	862
Net change in unrealized appreciation (depreciation) on investments	46,937	(18,726)
Purchases	41,886	167,272
Sales and repayments	(135,843)	(17,104)
Net realized gain (loss) from investments	(54,644)	91
Ending Balance	1,035,584	1,089,171
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	(3,361)	(19,032)
First lien term loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	976,423	798,534
Payment-in-kind and other adjustments to cost	1,627	800
Net accretion of discount on investments	1,281	858
Net change in unrealized appreciation (depreciation) on investments	46,044	(16,192)
Purchases	41,348	159,113
Sales and repayments	(132,875)	(13,721)
Net realized gain (loss) from investments	(47,672)
Ending Balance	886,176	929,392
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	245	(16,151)
Second lien term loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	18,097	14,936
Payment-in-kind and other adjustments to cost	7,745	408
Net accretion of discount on investments	4	4
Net change in unrealized appreciation (depreciation) on investments	515	(22)
Purchases
Sales and repayments
Net realized gain (loss) from investments
Ending Balance	26,361	15,326
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	515	(22)
Unsecured term loans [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	15,818	20,661
Payment-in-kind and other adjustments to cost
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	462	341
Purchases
Sales and repayments		(3,383)
Net realized gain (loss) from investments
Ending Balance	16,280	17,619
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	462	(5)
Structured finance securities [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	30,626	41,362
Payment-in-kind and other adjustments to cost	(3,430)	(3,824)
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	(3,899)	(1,929)
Purchases
Sales and repayments
Net realized gain (loss) from investments
Ending Balance	23,297	35,609
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	(3,899)	(1,929)
Equity interests [Member]
Investments (Details) - Schedule of Reconciliation of the Beginning and Ending Balances for Investments [Line Items]
Beginning Balance	88,426	83,990
Payment-in-kind and other adjustments to cost	631	(91)
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	3,815	(924)
Purchases	538	8,159
Sales and repayments	(2,968)
Net realized gain (loss) from investments	(6,972)	91
Ending Balance	83,470	91,225
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	$ (684)	$ (925)

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 ($)		6 Months Ended	12 Months Ended
		Aug. 31, 2024	Feb. 29, 2024
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 1,035,584	$ 1,129,390
First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 886,176	$ 976,423
Valuation Technique		Market Comparables	Market Comparables
Unobservable Input		Market Yield (%)	Market Yield (%)
Weighted Average	[1]	12.7%	13.0%
First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Revenue Multiples (x)	Revenue Multiples (x)
Weighted Average	[1]	3.5x	6.6x
First lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Third-party Bid (x)	EBITDA Multiples (x)
Weighted Average	[1]	6.9x	5.6x
Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 26,361	$ 18,097
Valuation Technique		Market Comparables	Market Comparables
Unobservable Input		Market Yield (%)	Market Yield (%)
Weighted Average	[1]	34.7%	25.5%
Second lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Third-party Bid (x)	EBITDA Multiples (x)
Weighted Average	[1]	12.7x	7.0x
Second lien term loans 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		EBITDA Multiples (x)	Third-party bid (x)
Weighted Average	[1]	7.0x	29.7x
Unsecured Term Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 16,280	$ 15,818
Valuation Technique		Discounted Cash Flow	Discounted Cash Flow
Unobservable Input		Discount Rate (%)	Discount Rate (%)
Weighted Average	[1]	10.5%	10.5%
Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 23,297	$ 30,626
Valuation Technique		Discounted Cash Flow	Discounted Cash Flow
Unobservable Input		Discount Rate (%)	Discount Rate (%)
Weighted Average	[1]	20.0%	15.1%
Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Recovery Rate (%)	Recovery Rate (%)
Weighted Average	[1]	62.1%	70.0%
Structured finance securities 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Prepayment Rate (%)	Prepayment Rate (%)
Weighted Average	[1]	20.0%	20.0%
Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 83,470	$ 88,426
Valuation Technique		Enterprise Value Waterfall	Enterprise Value Waterfall
Unobservable Input		Revenue Multiples (x)	EBITDA Multiples (x)
Weighted Average	[1]	6.9x	10.4x
Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		EBITDA Multiples (x)	Revenue Multiples (x)
Weighted Average	[1]	9.8x	6.3x
First lien term loans 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input			Third-party bid (x)
Weighted Average	[1]		4.0x
Equity interests 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input			Third-party bid (x)
Weighted Average	[1]		3.9x
Minimum [Member] | First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		10.4%	10.6%
Minimum [Member] | First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		3.5x	4.6x
Minimum [Member] | First lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		6.9x	5.0x
Minimum [Member] | Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		19.5%	19.0%
Minimum [Member] | Second lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		12.7x	7.0x
Minimum [Member] | Second lien term loans 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		7.0x	29.7x
Minimum [Member] | Unsecured Term Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		10.5%	10.5%
Minimum [Member] | Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		8.5%	8.5%
Minimum [Member] | Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		35.0%	35.0%
Minimum [Member] | Structured finance securities 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		20.0%	20.0%
Minimum [Member] | Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		0.1x	4.7x
Minimum [Member] | Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		4.0x	1.3x
Minimum [Member] | First lien term loans 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range			3.9x
Minimum [Member] | Equity interests 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range			3.9x
Maximum [Member] | First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		19.7%	17.2%
Maximum [Member] | First lien term loans 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		3.5x	9.4x
Maximum [Member] | First lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		6.9x	6.0x
Maximum [Member] | Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		39.0%	28.3%
Maximum [Member] | Second lien term loans 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		12.7x	7.0x
Maximum [Member] | Second lien term loans 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		7.0x	29.7x
Maximum [Member] | Unsecured Term Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		10.5%	10.5%
Maximum [Member] | Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		40.0%	22.0%
Maximum [Member] | Structured finance securities 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		70.0%	70.0%
Maximum [Member] | Structured finance securities 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		20.0%	20.0%
Maximum [Member] | Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		9.9x	20.4x
Maximum [Member] | Equity interests 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range		20.4x	10.4x
Maximum [Member] | First lien term loans 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range			4.2x
Maximum [Member] | Equity interests 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range			3.9x
[1] The weighted average in the table above is calculated based on each investment’s fair value weighting, using the applicable unobservable input.

Investments (Details) - Sched_4

Investments (Details) - Schedule of Amortized Cost and Fair Value - USD ($)	Aug. 31, 2024	Feb. 29, 2024
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 1,039,042	$ 1,179,784
Amortized Cost Percentage of Total Portfolio	100%	100%
Investments at Fair Value	$ 1,040,711	$ 1,138,794
Fair Value Percentage of Total Portfolio	100%	100%
First lien term loans [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 883,386	$ 1,019,678
Amortized Cost Percentage of Total Portfolio	85%	86.40%
Investments at Fair Value	$ 886,176	$ 976,423
Fair Value Percentage of Total Portfolio	85.20%	85.70%
Second lien term loans [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 29,717	$ 21,968
Amortized Cost Percentage of Total Portfolio	2.90%	1.90%
Investments at Fair Value	$ 26,361	$ 18,097
Fair Value Percentage of Total Portfolio	2.50%	1.60%
Unsecured term loans [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 17,619	$ 17,619
Amortized Cost Percentage of Total Portfolio	1.70%	1.50%
Investments at Fair Value	$ 16,280	$ 15,818
Fair Value Percentage of Total Portfolio	1.60%	1.40%
Structured finance securities [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 39,340	$ 42,769
Amortized Cost Percentage of Total Portfolio	3.80%	3.60%
Investments at Fair Value	$ 23,297	$ 30,626
Fair Value Percentage of Total Portfolio	2.20%	2.70%
Equity interests [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 68,980	$ 77,750
Amortized Cost Percentage of Total Portfolio	6.60%	6.60%
Investments at Fair Value	$ 88,597	$ 97,830
Fair Value Percentage of Total Portfolio	8.50%	8.60%

Investment in Saratoga CLO (Det

Investment in Saratoga CLO (Details) - Schedule of Statements of Assets and Liabilities - Saratoga CLO [Member] - USD ($)	Aug. 31, 2024	Feb. 29, 2024
Investments at fair value
Loans at fair value (amortized cost of $572,465,295 and $629,345,724, respectively)	$ 552,279,152	$ 606,531,189
Equities at fair value (amortized cost of $5,781,151 and $1,649,986, respectively)	1,803,992	1,020,585
Total investments at fair value (amortized cost of $578,246,446 and $630,995,710, respectively)	554,083,144	607,551,774
Cash and cash equivalents	25,684,819	12,104,832
Receivable from open trades	1,415,378	2,865,174
Interest receivable (net of reserve of $399,327 and $615,604, respectively)	3,534,381	3,402,471
Due from affiliate	3,481	3,953
Prepaid expenses and other assets	60,364	205,400
Total assets	584,781,567	626,133,604
LIABILITIES
Interest payable	4,939,007	5,043,712
Payable from open trades	2,184,855	10,519,573
Accrued base management fee	66,765	68,605
Accrued subordinated management fee	267,061	274,418
Accounts payable and accrued expenses	123,363	84,199
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Deferred debt financing costs	(1,303,627)	(1,707,224)
Subordinated Notes	111,000,000	111,000,000
Discount on Subordinated Notes	(34,171,472)	(36,164,988)
Total liabilities	663,671,159	697,611,597
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)	(78,889,842)	(71,478,243)
Total net deficit	(78,889,592)	(71,477,993)
Total liabilities and net assets	584,781,567	626,133,604
Class A-1-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes		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
Class A-1-R-4 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	329,433,729
Class A-2-R-4 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	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
Class D-R-3 Notes [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Discount	(207,968)	(220,100)
Class E-R-3 [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Senior Secured Floating Rate Notes	27,625,000	27,625,000
Class E-R-3 Notes [Member]
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Discount	(2,160,554)	(2,286,598)
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

Investment in Saratoga CLO (D_2

Investment in Saratoga CLO (Details) - Schedule of Statements of Assets and Liabilities (Parentheticals) - Saratoga CLO [Member] - USD ($)	Aug. 31, 2024	Feb. 29, 2024
Condensed Balance Sheet Statements, Captions [Line Items]
Amortized cost of loans at fair value	$ 572,465,295	$ 629,345,724
Amortized cost equities at fair value	5,781,151	1,649,986
Amortized cost total investments at fair value	578,246,446	630,995,710
Net of reserve	$ 399,327	$ 615,604
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 Consolidated Statements of Operations - Investment in Saratoga CLO [Member] - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
INVESTMENT INCOME
Total interest from investments	$ 14,579,025	$ 15,662,824	$ 30,653,197	$ 30,640,303
Interest from cash and cash equivalents	330,398	156,192	563,896	341,236
Other income	465,627	216,150	1,100,396	470,224
Total investment income	15,375,050	16,035,166	32,317,489	31,451,763
EXPENSES
Interest and debt financing expenses	13,744,549	14,780,606	28,930,970	28,704,737
Base management fee	158,465	163,450	319,356	326,808
Subordinated management fee	633,859	653,801	1,277,423	1,307,231
Professional fees	350,029	133,365	408,834	172,891
Trustee expenses	61,273	66,540	123,478	129,034
Other expense	71,025	68,889	176,563	139,885
Total expenses	15,019,200	15,866,651	31,236,624	30,780,586
NET INVESTMENT INCOME (LOSS)	355,850	168,515	1,080,865	671,177
REALIZED AND UNREALIZED LOSS ON INVESTMENTS
Net realized loss from investments	(2,795,356)	(641,267)	(7,193,885)	(2,749,834)
Net change in unrealized depreciation on investments	(3,662,317)	13,352,743	(719,366)	3,015,505
Net realized and unrealized gain (loss) on investments	(6,457,673)	12,711,476	(7,913,251)	265,671
Realized losses on extinguishment of debt	(579,213)		(579,213)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ (6,681,036)	$ 12,879,991	$ (7,411,599)	$ 936,848

Investment in Saratoga CLO (D_4

Investment in Saratoga CLO (Details) - Schedule of Investments - Saratoga Investment Corp. CLO 2013-1, Ltd. [Member] - USD ($)		6 Months Ended		12 Months Ended
		Aug. 31, 2024		Feb. 29, 2024
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Cost		$ 578,246,446		$ 630,995,710
Fair Value		$ 554,083,144		$ 607,551,774
U.S. Bank Money Market [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares		25,684,819	[1]	12,104,832	[2]
Cost		$ 25,684,819	[1]	$ 12,104,832	[2]
Fair Value		$ 25,684,819	[1]	$ 12,104,832	[2]
Cash and Cash Equivalents [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares		25,684,819		12,104,832
Cost		$ 25,684,819		$ 12,104,832
Fair Value		$ 25,684,819		$ 12,104,832
Altisource Solutions S.a r.l. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Common Stock		Common Stock
Asset Type		Equity		Equity
Principal/ Number of Shares		15,981		15,981
Cost
Fair Value		$ 18,538		$ 44,587
Endo Finance Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals
Asset Name		Common Stock
Asset Type		Equity
Principal/ Number of Shares		23,799
Cost		$ 660,422
Fair Value		$ 630,674
Endo Finance Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals
Asset Name		Warrants
Asset Type		Equity
Principal/ Number of Shares		349
Cost		$ 9,685
Fair Value		$ 9,249
Envision Parent Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Common Stock		Common Stock
Asset Type		Equity		Equity
Principal/ Number of Shares		4,410		92,837
Cost		$ 175,000
Fair Value		$ 47,408
Envision Parent Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Warrants		Warrants
Asset Type		Equity		Equity
Principal/ Number of Shares		92,837		4,410
Cost				$ 175,000
Fair Value				$ 42,998
Instant Brands Litigation Trust Interests [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable
Asset Name		Warrants
Asset Type		Equity
Principal/ Number of Shares		8,572
Cost
Fair Value		$ 42,860
Isagenix International, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Common Stock		Common Stock
Asset Type		Equity		Equity
Principal/ Number of Shares		86,398		86,398
Cost
Fair Value
Research Now Group, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Asset Name		Common Stock		Term Loan
Asset Type		Equity		Loan
Reference Rate				3M USD SOFR+
Reference Spread				5.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				11.07%
Maturity Date				Dec. 20, 2024
Principal/ Number of Shares		39,808		4,252,891
Cost		$ 557,312		$ 4,231,426
Fair Value		$ 617,024		$ 2,426,275
Resolute Investment Managers (American Beacon), Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Common Stock		Common Stock
Asset Type		Equity		Equity
Principal/ Number of Shares		24,320		24,320
Cost		$ 1,034,581		$ 1,034,581
Fair Value		$ 21,888		$ 468,000
URS TOPCO LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Cargo		Transportation: Cargo
Asset Name		Common Stock		Common Stock
Asset Type		Equity		Equity
Principal/ Number of Shares		25,330		25,330
Cost		$ 440,405		$ 440,405
Fair Value		$ 394,500		$ 465,000
1011778 B.C Unltd Liability Co [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term Loan B6		Term Loan B (09/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7%		7.58%
Maturity Date		Sep. 20, 2030		Sep. 12, 2030
Principal/ Number of Shares		1,443,881		1,447,500
Cost		$ 1,425,138		$ 1,427,292
Fair Value		$ 1,431,478		$ 1,440,002
19TH HOLDINGS GOLF, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.70%		8.67%
Maturity Date		Feb. 07, 2029		Feb. 07, 2029
Principal/ Number of Shares		2,461,090		2,473,646
Cost		$ 2,379,021		$ 2,383,742
Fair Value		$ 2,407,758		$ 2,416,950
888 Acquisitions Limited [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		6M USD SOFR+
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.58%		10.82%
Maturity Date		Jul. 08, 2028		Jul. 08, 2028
Principal/ Number of Shares		3,059,319		2,472,826
Cost		$ 2,788,548		$ 2,173,473
Fair Value		$ 2,987,303		$ 2,418,745
Adtalem Global Education Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B (08/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8%		8.83%
Maturity Date		Aug. 12, 2028		Aug. 12, 2028
Principal/ Number of Shares		582,329		582,329
Cost		$ 578,845		$ 578,482
Fair Value		$ 582,695		$ 583,423
Aegis Sciences Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.87%		11.08%
Maturity Date		May 09, 2025		May 09, 2025
Principal/ Number of Shares		2,287,755		2,308,370
Cost		$ 2,285,186		$ 2,303,734
Fair Value		$ 1,618,587		$ 2,206,410
Agiliti Health Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan B (03/23)		Term Loan B (03/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.33%		8.33%
Maturity Date		May 01, 2030		May 01, 2030
Principal/ Number of Shares		2,165,053		1,674,704
Cost		$ 2,150,540		$ 1,662,945
Fair Value		$ 2,147,473		$ 1,668,424
AHEAD DB Holdings, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B3 (07/24)		Term Loan (04/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.50%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.80%		9.20%
Maturity Date		Feb. 01, 2031		Oct. 18, 2027
Principal/ Number of Shares		2,910,206		2,925,000
Cost		$ 2,849,335		$ 2,856,780
Fair Value		$ 2,913,116		$ 2,914,031
Air Canada [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Consumer		Transportation: Consumer
Asset Name		Term Loan B (03/24)		Term Loan B (07/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		3.50%
SOFR/LIBOR Floor		0%		0.75%
Current Rate (All In)		7.85%		8.93%
Maturity Date		Mar. 21, 2031		Aug. 11, 2028
Principal/ Number of Shares		997,500		1,970,000
Cost		$ 995,015		$ 1,853,394
Fair Value		$ 996,672		$ 1,970,276
AIT Worldwide Logistics Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Cargo		Transportation: Cargo
Asset Name		Term Loan (04/21)		Term Loan (04/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.87%		10.17%
Maturity Date		Apr. 06, 2028		Apr. 06, 2028
Principal/ Number of Shares		2,462,025		2,474,684
Cost		$ 2,336,394		$ 2,334,728
Fair Value		$ 2,461,508		$ 2,471,590
AlixPartners, LLP [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (01/21)		Term Loan B (01/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.86%		7.94%
Maturity Date		Feb. 04, 2028		Feb. 04, 2028
Principal/ Number of Shares		241,875		243,125
Cost		$ 241,708		$ 242,907
Fair Value		$ 242,738		$ 243,064
Alkermes, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan B (3/21)		Term Loan B (3/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.89%		7.93%
Maturity Date		Mar. 12, 2026		Mar. 12, 2026
Principal/ Number of Shares		2,093,757		2,104,577
Cost		$ 2,086,541		$ 2,095,205
Fair Value		$ 2,096,374		$ 2,101,947
Allen Media, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Diversified & Production		Media: Diversified & Production
Asset Name		Term Loan (7/21)		Term Loan (7/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.98%		11%
Maturity Date		Feb. 10, 2027		Feb. 10, 2027
Principal/ Number of Shares		4,326,473		4,349,069
Cost		$ 4,309,765		$ 4,329,175
Fair Value		$ 2,850,064		$ 3,803,870
Alliant Holdings Intermediate, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan (12/23)		Term Loan (12/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.81%		8.82%
Maturity Date		Nov. 06, 2030		Nov. 06, 2030
Principal/ Number of Shares		799,019		803,044
Cost		$ 798,965		$ 802,787
Fair Value		$ 801,152		$ 803,197
Allied Universal Holdco LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan 4/21		Term Loan 4/21
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.10%		9.18%
Maturity Date		May 12, 2028		May 12, 2028
Principal/ Number of Shares		1,945,000		1,955,000
Cost		$ 1,939,536		$ 1,948,856
Fair Value		$ 1,932,688		$ 1,945,948
Alterra Mountain Company (Intrawest Resort Holdings) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B5 (03/24)		Term Loan B Add-on
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.75%		9.07%
Maturity Date		May 31, 2030		May 31, 2030
Principal/ Number of Shares		250,000		250,000
Cost		$ 250,000		$ 250,000
Fair Value		$ 251,043		$ 250,000
Altisource Solutions S.a r.l. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate	[3]	Banking, Finance, Insurance & Real Estate	[4]
Asset Name		Term Loan B (03/18)	[3]	Term Loan B (03/18)	[4]
Asset Type		Loan	[3]	Loan	[4]
Reference Rate		3M USD SOFR+	[3]	3M USD SOFR+	[4]
Reference Spread		5%	[3]	5%	[4]
SOFR/LIBOR Floor		1%	[3]	1%	[4]
Current Rate (All In)		10.43%	[3]	10.45%	[4]
Maturity Date		Apr. 30, 2025	[3]	Apr. 30, 2025	[4]
Principal/ Number of Shares		1,131,980	[3]	1,110,821	[4]
Cost		$ 1,132,120	[3]	$ 1,110,656	[4]
Fair Value		$ 605,609	[3]	$ 877,549	[4]
Altium Packaging LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan B		Term Loan (01/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.75%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		7.75%		8.19%
Maturity Date		Jun. 11, 2031		Jan. 29, 2028
Principal/ Number of Shares		485,000		486,250
Cost		$ 483,792		$ 484,910
Fair Value		$ 482,881		$ 483,819
Amer Sports Oyj (MASCOT BIDCO OY) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		USD Term Loan B (01/24)		USD Term Loan B (01/24)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.35%		8.58%
Maturity Date		Feb. 07, 2031		Feb. 07, 2031
Principal/ Number of Shares		498,750		500,000
Cost		$ 496,552		$ 497,525
Fair Value		$ 499,373		$ 499,375
American Axle & Manufacturing Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan (12/22)		Term Loan (12/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.33%		8.92%
Maturity Date		Dec. 13, 2029		Dec. 13, 2029
Principal/ Number of Shares		480,000		480,000
Cost		$ 468,336		$ 467,515
Fair Value		$ 481,320		$ 479,798
American Greetings Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Asset Name		Term Loan B (04/24)		Term Loan (01/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.75%		6%
SOFR/LIBOR Floor		0%		1%
Current Rate (All In)		11%		11.33%
Maturity Date		Oct. 30, 2029		Apr. 05, 2028
Principal/ Number of Shares		2,964,091		2,982,733
Cost		$ 2,962,682		$ 2,981,076
Fair Value		$ 2,979,474		$ 2,983,478
American Trailer World Corp [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.10%		9.18%
Maturity Date		Mar. 03, 2028		Mar. 03, 2028
Principal/ Number of Shares		1,357,439		1,357,439
Cost		$ 1,356,288		$ 1,355,695
Fair Value		$ 1,249,522		$ 1,323,788
AmWINS Group, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan 2/21		Term Loan 2/21
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		7.61%		7.69%
Maturity Date		Feb. 17, 2028		Feb. 17, 2028
Principal/ Number of Shares		1,930,035		1,940,029
Cost		$ 1,916,085		$ 1,924,089
Fair Value		$ 1,932,447		$ 1,930,484
Anastasia Parent LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Non-durable		Consumer goods: Non-durable
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.35%		9.36%
Maturity Date		Aug. 11, 2025		Aug. 11, 2025
Principal/ Number of Shares		942,500		947,500
Cost		$ 941,632		$ 946,257
Fair Value		$ 673,218		$ 681,859
Anchor Packaging, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan (4/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9%		8.93%
Maturity Date		Jul. 18, 2029		Jul. 18, 2026
Principal/ Number of Shares		1,954,167		1,959,296
Cost		$ 1,936,125		$ 1,939,016
Fair Value		$ 1,960,030		$ 1,955,632
AP Core Holdings II LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B1		Term Loan B1
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.86%		10.94%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares		1,725,000		1,775,000
Cost		$ 1,710,216		$ 1,757,513
Fair Value		$ 1,513,067		$ 1,734,317
AP Core Holdings II LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B2		Term Loan B2
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.86%		10.94%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares		500,000		500,000
Cost		$ 495,721		$ 495,081
Fair Value		$ 433,595		$ 487,320
APEX GROUP TREASURY LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (07/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		3M USD SOFR+
Reference Spread		4%		5%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		9.08%		10.32%
Maturity Date		Jul. 27, 2028		Jul. 26, 2028
Principal/ Number of Shares		492,500		495,000
Cost		$ 468,408		$ 468,246
Fair Value		$ 494,963		$ 494,381
Apollo Commercial Real Estate Finance, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.11%		8.19%
Maturity Date		May 15, 2026		May 15, 2026
Principal/ Number of Shares		2,893,401		2,908,629
Cost		$ 2,878,566		$ 2,890,508
Fair Value		$ 2,850,000		$ 2,857,728
Apollo Commercial Real Estate Finance, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B1 (2/21)		Term Loan B1 (2/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.86%		8.94%
Maturity Date		Mar. 06, 2028		Mar. 06, 2028
Principal/ Number of Shares		967,500		972,500
Cost		$ 961,922		$ 966,275
Fair Value		$ 931,219		$ 943,325
AppLovin Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B		Term Loan (10/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.75%		8.43%
Maturity Date		Aug. 19, 2030		Oct. 21, 2028
Principal/ Number of Shares		967,193		1,473,750
Cost		$ 967,193		$ 1,471,272
Fair Value		$ 968,102		$ 1,474,207
AppLovin Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B  (3/24)		Term Loan (08/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.75%		8.43%
Maturity Date		Oct. 25, 2028		Aug. 15, 2030
Principal/ Number of Shares		1,470,066		969,617
Cost		$ 1,468,205		$ 969,617
Fair Value		$ 1,471,286		$ 970,374
AqGen Ascensus, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.86%		8.94%
Maturity Date		Aug. 02, 2028		Aug. 02, 2028
Principal/ Number of Shares		497,383		500,000
Cost		$ 494,003		$ 496,312
Fair Value		$ 498,005		$ 496,375
Aramark Services, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan		Term Loan B (4/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.11%		7.94%
Maturity Date		Jan. 15, 2027		Apr. 01, 2028
Principal/ Number of Shares		2,331,250		1,753,715
Cost		$ 2,299,079		$ 1,748,558
Fair Value		$ 2,331,250		$ 1,750,436
Aramark Services, Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan B7 (03/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.25%		7.19%
Maturity Date		Apr. 06, 2028		Jan. 15, 2027
Principal/ Number of Shares		1,753,715		2,331,250
Cost		$ 1,749,098		$ 2,292,785
Fair Value		$ 1,757,223		$ 2,324,699
ARC FALCON I INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.85%		8.93%
Maturity Date		Sep. 23, 2028		Sep. 23, 2028
Principal/ Number of Shares		976,274		981,274
Cost		$ 974,109		$ 978,810
Fair Value		$ 974,380		$ 972,550
ARCIS GOLF LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.11%		9.19%
Maturity Date		Nov. 24, 2028		Nov. 24, 2028
Principal/ Number of Shares		495,490		497,980
Cost		$ 491,354		$ 493,335
Fair Value		$ 496,521		$ 498,602
Aretec Group, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B 2		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.25%		9.93%
Maturity Date		Aug. 09, 2030		Aug. 09, 2030
Principal/ Number of Shares		2,629,488		2,642,718
Cost		$ 2,615,350		$ 2,627,451
Fair Value		$ 2,571,271		$ 2,651,650
Aspire Bakeries Holdings, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term loan		Term loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.53%		9.57%
Maturity Date		Dec. 23, 2030		Dec. 13, 2030
Principal/ Number of Shares		897,750		900,000
Cost		$ 889,500		$ 891,160
Fair Value		$ 899,438		$ 900,000
Assuredpartners Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B5 (02/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.75%		8.83%
Maturity Date		Feb. 14, 2031		Feb. 12, 2027
Principal/ Number of Shares		1,296,750		491,250
Cost		$ 1,295,177		$ 490,654
Fair Value		$ 1,298,864		$ 491,250
Asurion, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B10		Term Loan B10
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.35%		9.43%
Maturity Date		Aug. 19, 2028		Aug. 19, 2028
Principal/ Number of Shares		1,965,000		1,975,000
Cost		$ 1,893,128		$ 1,895,414
Fair Value		$ 1,944,996		$ 1,957,719
Asurion, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B8		Term Loan B8
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.61%		8.69%
Maturity Date		Dec. 18, 2026		Dec. 18, 2026
Principal/ Number of Shares		2,919,478		2,934,604
Cost		$ 2,915,555		$ 2,928,879
Fair Value		$ 2,905,055		$ 2,915,442
ATHENAHEALTH GROUP INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan B (2/22)		Term Loan B (2/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.50%		8.58%
Maturity Date		Feb. 15, 2029		Feb. 15, 2029
Principal/ Number of Shares		1,310,485		1,317,171
Cost		$ 1,306,886		$ 1,313,077
Fair Value		$ 1,299,254		$ 1,304,619
Avolon TLB Borrower 1 (US) LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Capital Equipment		Capital Equipment
Asset Name		Term Loan B6		Term Loan B6
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.31%		7.32%
Maturity Date		Jun. 22, 2028		Jun. 22, 2028
Principal/ Number of Shares		1,476,331		1,483,750
Cost		$ 1,428,121		$ 1,429,872
Fair Value		$ 1,481,410		$ 1,483,038
Axalta Coating Systems Dutch Holding B B.V. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B6 (03/24)
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		2%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.33%
Maturity Date		Dec. 20, 2029
Principal/ Number of Shares		853,218
Cost		$ 846,504
Fair Value		$ 855,266
AZURITY PHARMACEUTICALS, INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		6.62%		6.62%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		11.98%		12.06%
Maturity Date		Sep. 20, 2027		Sep. 20, 2027
Principal/ Number of Shares		437,500		450,000
Cost		$ 429,719		$ 440,909
Fair Value		$ 430,391		$ 445,500
B&G Foods, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term Loan B		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.56%		7.83%
Maturity Date		Oct. 10, 2029		Oct. 10, 2026
Principal/ Number of Shares		533,621		556,042
Cost		$ 531,838		$ 553,804
Fair Value		$ 528,728		$ 553,540
BAKELITE UK INTERMEDIATE LTD. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan (5/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.50%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.83%		9.50%
Maturity Date		May 29, 2029		May 29, 2029
Principal/ Number of Shares		1,481,231		985,000
Cost		$ 1,475,470		$ 981,238
Fair Value		$ 1,485,867		$ 980,075
Baldwin Insurance Group Holdings, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B
Asset Type		Loan
Reference Rate		1M USD SOFR+
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.50%
Maturity Date		May 26, 2031
Principal/ Number of Shares		1,648,521
Cost		$ 1,637,973
Fair Value		$ 1,646,461
Belfor Holdings Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan B-1 (11/23)		Term Loan B-1 (11/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9%		9.08%
Maturity Date		Nov. 01, 2030		Oct. 25, 2030
Principal/ Number of Shares		1,498,834		1,600,000
Cost		$ 1,485,415		$ 1,584,928
Fair Value		$ 1,502,581		$ 1,602,000
Belron Finance US LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan  B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.25%		2%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.63%		7.58%
Maturity Date		Apr. 18, 2029		Apr. 13, 2028
Principal/ Number of Shares		247,500		1,945,000
Cost		$ 247,500		$ 1,945,000
Fair Value		$ 248,428		$ 1,943,172
Belron Finance US LLC One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		1.93%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.32%		7.66%
Maturity Date		Apr. 13, 2028		Apr. 18, 2029
Principal/ Number of Shares		1,935,000		248,750
Cost		$ 1,935,000		$ 248,750
Fair Value		$ 1,939,238		$ 248,544
Bengal Debt Merger Sub LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.69%		8.70%
Maturity Date		Jan. 24, 2029		Jan. 24, 2029
Principal/ Number of Shares		1,960,000		1,970,000
Cost		$ 1,959,365		$ 1,969,251
Fair Value		$ 1,692,244		$ 1,852,785
Blackstone Mortgage Trust, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B		Term Loan (6/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.75%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		7.62%		8.19%
Maturity Date		Apr. 23, 2026		Apr. 23, 2026
Principal/ Number of Shares		964,557		1,450,228
Cost		$ 961,929		$ 1,444,650
Fair Value		$ 945,266		$ 1,439,352
Blackstone Mortgage Trust, Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan (6/21)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.25%
SOFR/LIBOR Floor		0.50%		0%
Current Rate (All In)		8.12%		7.69%
Maturity Date		Apr. 23, 2026		Apr. 23, 2026
Principal/ Number of Shares		1,442,772		969,620
Cost		$ 1,438,274		$ 966,168
Fair Value		$ 1,417,524		$ 962,348
Bombardier Recreational Products, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8%		8.08%
Maturity Date		Jan. 22, 2031		Jan. 22, 2031
Principal/ Number of Shares		1,432,970		1,440,189
Cost		$ 1,429,358		$ 1,436,033
Fair Value		$ 1,433,328		$ 1,437,942
Bombardier Recreational Products, Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan B3		Term Loan B3
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8%		8.18%
Maturity Date		Dec. 13, 2029		Dec. 13, 2029
Principal/ Number of Shares		491,288		493,769
Cost		$ 481,298		$ 482,991
Fair Value		$ 491,376		$ 493,833
Boost Newco Borrower, LLC (Worldpay) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan (06/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		3%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		7.75%		8.33%
Maturity Date		Jan. 31, 2031		Jan. 31, 2031
Principal/ Number of Shares		500,000		500,000
Cost		$ 497,743		$ 497,629
Fair Value		$ 500,355		$ 501,460
Boxer Parent Company, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (06/24)		Term Loan USD (11/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		4.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.01%		9.58%
Maturity Date		Jul. 03, 2031		Dec. 29, 2028
Principal/ Number of Shares		1,007,194		1,012,255
Cost		$ 1,002,844		$ 1,007,334
Fair Value		$ 1,004,051		$ 1,015,018
BrightSpring Health Services (Phoenix Guarantor) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan (02/24)		Term Loan (02/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.50%		8.58%
Maturity Date		Feb. 21, 2031		Feb. 21, 2031
Principal/ Number of Shares		970,069		972,500
Cost		$ 970,069		$ 972,500
Fair Value		$ 970,932		$ 961,355
BroadStreet Partners, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B-4		Term Loan B3
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.50%		8.44%
Maturity Date		Jun. 14, 2031		Jan. 22, 2027
Principal/ Number of Shares		2,910,884		2,918,464
Cost		$ 2,908,733		$ 2,915,588
Fair Value		$ 2,908,788		$ 2,913,007
Brookfield WEC Holdings Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Energy: Electricity		Energy: Electricity
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8%		8.08%
Maturity Date		Jan. 27, 2031		Jan. 17, 2031
Principal/ Number of Shares		1,447,688		1,447,688
Cost		$ 1,447,688		$ 1,447,688
Fair Value		$ 1,448,528		$ 1,442,028
BROWN GROUP HOLDING, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Aerospace & Defense		Aerospace & Defense
Asset Name		Term Loan B-2		Term Loan B-2
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8%		8.33%
Maturity Date		Jul. 01, 2031		Jul. 01, 2029
Principal/ Number of Shares		492,516		493,750
Cost		$ 482,330		$ 483,706
Fair Value		$ 492,122		$ 492,856
Buckeye Partners, L.P. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Utilities: Oil & Gas		Utilities: Oil & Gas
Asset Name		Term Loan  B 3		Term Loan B2
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.25%		7.83%
Maturity Date		Nov. 01, 2026		Nov. 15, 2030
Principal/ Number of Shares		907,689		333,333
Cost		$ 905,055		$ 332,779
Fair Value		$ 911,093		$ 333,393
Buckeye Partners, L.P. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Utilities: Oil & Gas		Utilities: Oil & Gas
Asset Name		Term Loan B4 (05/24)		Term Loan  B 3
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.25%		7.33%
Maturity Date		Nov. 22, 2030		Nov. 01, 2026
Principal/ Number of Shares		666,671		1,595,639
Cost		$ 664,490		$ 1,589,524
Fair Value		$ 666,778		$ 1,595,910
BW Gas & Convenience Holdings LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.86%		8.94%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares		2,425,000		2,437,500
Cost		$ 2,411,089		$ 2,421,791
Fair Value		$ 2,431,063		$ 2,400,938
Callaway Golf Company [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.25%		8.93%
Maturity Date		Mar. 16, 2030		Mar. 16, 2030
Principal/ Number of Shares		473,750		496,250
Cost		$ 469,672		$ 491,660
Fair Value		$ 468,814		$ 496,200
Calpine Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Utilities: Electric		Utilities: Electric
Asset Name		Term Loan B10 (01/24)		Term Loan B-10 (01/20)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD LIBOR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.25%		3.87%
Maturity Date		Jan. 31, 2031		Aug. 12, 2026
Principal/ Number of Shares		1,995,000		2,000,000
Cost		$ 1,985,366		$ 1,990,000
Fair Value		$ 1,992,965		$ 1,983,760
Camping World, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan B (5/21)		Term Loan B (5/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		7.86%		7.94%
Maturity Date		Jun. 05, 2028		Jun. 05, 2028
Principal/ Number of Shares		2,449,367		2,462,025
Cost		$ 2,283,646		$ 2,277,630
Fair Value		$ 2,330,989		$ 2,401,238
CAPSTONE BORROWER INC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B (05/24)		Term Loan (06/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.25%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.58%		9.10%
Maturity Date		Jun. 17, 2030		Jun. 15, 2030
Principal/ Number of Shares		877,065		998,077
Cost		$ 865,562		$ 984,312
Fair Value		$ 880,907		$ 993,396
CareerBuilder, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B3		Term Loan B3
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD SOFR+
Reference Spread		2.50%		6.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.86%		12.36%
Maturity Date		Jul. 31, 2026		Jul. 31, 2026
Principal/ Number of Shares		4,002,879		3,930,582
Cost		$ 3,987,650		$ 3,912,784
Fair Value		$ 320,230		$ 589,587
Castle US Holding Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Asset Name		Term Loan B (USD)		Term Loan B (USD)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.07%		9.35%
Maturity Date		Jan. 27, 2027		Jan. 27, 2027
Principal/ Number of Shares		1,938,267		1,946,639
Cost		$ 1,932,746		$ 1,939,553
Fair Value		$ 1,172,651		$ 1,354,627
CASTLELAKE AVIATION LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Aerospace & Defense		Aerospace & Defense
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.09%		8.40%
Maturity Date		Oct. 21, 2027		Oct. 21, 2027
Principal/ Number of Shares		985,000		990,000
Cost		$ 979,547		$ 983,747
Fair Value		$ 987,463		$ 989,228
CBL & Associates Limited Partnership [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan 11/21		Term Loan 11/21
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		8.21%		8.19%
Maturity Date		Nov. 01, 2025		Nov. 01, 2025
Principal/ Number of Shares		2,315,548		2,464,605
Cost		$ 2,111,768		$ 2,167,043
Fair Value		$ 2,158,276		$ 2,214,029
CCC Intelligent Solutions Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.61%		7.69%
Maturity Date		Sep. 16, 2028		Sep. 16, 2028
Principal/ Number of Shares		243,750		245,000
Cost		$ 243,465		$ 244,633
Fair Value		$ 243,826		$ 244,030
CCI Buyer, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications		Telecommunications
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.33%		9.35%
Maturity Date		Dec. 17, 2027		Dec. 17, 2027
Principal/ Number of Shares		241,875		243,125
Cost		$ 240,555		$ 241,678
Fair Value		$ 242,177		$ 241,195
CCRR Parent, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.69%		9.68%
Maturity Date		Mar. 05, 2028		Mar. 05, 2028
Principal/ Number of Shares		985,000		990,000
Cost		$ 948,557		$ 949,452
Fair Value		$ 854,488		$ 920,700
CCRR Parent, Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.61%		9.19%
Maturity Date		Mar. 05, 2028		Mar. 05, 2028
Principal/ Number of Shares		967,500		972,500
Cost		$ 964,900		$ 969,580
Fair Value		$ 850,597		$ 866,741
CCS-CMGC Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.82%		10.83%
Maturity Date		Sep. 25, 2025		Sep. 25, 2025
Principal/ Number of Shares		2,362,500		2,375,000
Cost		$ 2,358,436		$ 2,368,777
Fair Value		$ 1,498,912		$ 1,863,520
CDK GLOBAL, INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan  B (05/24)		Term Loan B (10/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.25%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.58%		9.35%
Maturity Date		Jul. 06, 2029		Jul. 06, 2029
Principal/ Number of Shares		992,500		992,500
Cost		$ 969,310		$ 967,482
Fair Value		$ 982,823		$ 994,406
CENTURI GROUP, INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.87%		7.94%
Maturity Date		Aug. 27, 2028		Aug. 27, 2028
Principal/ Number of Shares		726,092		868,330
Cost		$ 721,684		$ 862,415
Fair Value		$ 724,843		$ 868,191
Charlotte Buyer, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B (07/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		5.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.08%		10.57%
Maturity Date		Feb. 11, 2028		Feb. 11, 2028
Principal/ Number of Shares		1,477,500		1,485,000
Cost		$ 1,405,241		$ 1,404,122
Fair Value		$ 1,485,301		$ 1,487,866
Chemours Company, (The) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B2		Term Loan B2
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.75%		8.83%
Maturity Date		Aug. 18, 2028		Aug. 10, 2028
Principal/ Number of Shares		2,381,718		2,393,717
Cost		$ 2,347,211		$ 2,355,365
Fair Value		$ 2,375,764		$ 2,345,842
Churchill Downs Incorporated [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B1 (3/21)		Term Loan B1 (3/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.35%		7.43%
Maturity Date		Mar. 17, 2028		Mar. 17, 2028
Principal/ Number of Shares		483,750		486,250
Cost		$ 483,217		$ 485,591
Fair Value		$ 483,750		$ 485,642
CIMPRESS PUBLIC LIMITED COMPANY [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Asset Name		Term Loan B1 (05/24)		USD Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.25%		8.94%
Maturity Date		May 17, 2028		May 17, 2028
Principal/ Number of Shares		1,949,936		1,959,849
Cost		$ 1,883,863		$ 1,885,810
Fair Value		$ 1,949,117		$ 1,951,676
CITADEL SECURITIES LP [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (01/24)		Term Loan B (01/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.50%		7.58%
Maturity Date		Jul. 29, 2030		Jul. 29, 2030
Principal/ Number of Shares		4,839,048		4,863,365
Cost		$ 4,839,048		$ 4,862,868
Fair Value		$ 4,847,516		$ 4,857,286
Citco Funding LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (06/24)		Term Loa 1st Lien Incremental
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.75%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.10%		8.57%
Maturity Date		Apr. 27, 2028		Apr. 27, 2028
Principal/ Number of Shares		992,513		997,500
Cost		$ 988,572		$ 992,828
Fair Value		$ 997,475		$ 997,919
Clarios Global LP [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan B  (07/24)		Term Loan (12/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.75%		8.33%
Maturity Date		May 06, 2030		May 06, 2030
Principal/ Number of Shares		1,197,000		1,197,000
Cost		$ 1,192,024		$ 1,191,616
Fair Value		$ 1,197,994		$ 1,196,629
Claros Mortgage Trust, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B-1 (11/21)		Term Loan B-1 (11/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.85%		9.92%
Maturity Date		Aug. 09, 2026		Aug. 09, 2026
Principal/ Number of Shares		3,386,534		3,404,430
Cost		$ 3,375,262		$ 3,390,583
Fair Value		$ 3,200,274		$ 3,132,076
CLYDESDALE ACQUISITION HOLDINGS, INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.18%		3.68%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.42%		9.10%
Maturity Date		Apr. 13, 2029		Apr. 13, 2029
Principal/ Number of Shares		1,220,000		1,477,500
Cost		$ 1,197,598		$ 1,448,088
Fair Value		$ 1,217,584		$ 1,475,343
Columbus McKinnon Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Capital Equipment		Capital Equipment
Asset Name		Term Loan (03/24)		Term Loan (4/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.50%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.83%		8.39%
Maturity Date		May 14, 2028		May 14, 2028
Principal/ Number of Shares		378,325		406,951
Cost		$ 377,813		$ 406,326
Fair Value		$ 379,509		$ 407,207
Conduent, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.61%		9.69%
Maturity Date		Oct. 16, 2028		Oct. 16, 2028
Principal/ Number of Shares		208,666		2,762,330
Cost		$ 204,439		$ 2,701,073
Fair Value		$ 207,623		$ 2,702,470
Connect Finco SARL [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications		Telecommunications
Asset Name		Term Loan B (03/24)		Term Loan (1/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.50%		3.50%
SOFR/LIBOR Floor		0.50%		1%
Current Rate (All In)		9.75%		8.83%
Maturity Date		Sep. 11, 2029		Dec. 11, 2026
Principal/ Number of Shares		2,880,281		2,887,500
Cost		$ 2,809,410		$ 2,809,993
Fair Value		$ 2,797,473		$ 2,882,678
Consolidated Communications, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications		Telecommunications
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.86%		8.94%
Maturity Date		Oct. 02, 2027		Oct. 02, 2027
Principal/ Number of Shares		2,714,005		2,714,005
Cost		$ 2,572,136		$ 2,553,865
Fair Value		$ 2,592,716		$ 2,544,379
CORAL-US CO-BORROWER LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications		Telecommunications
Asset Name		Term Loan B-5		Term Loan B-5
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.70%		7.68%
Maturity Date		Jan. 31, 2028		Jan. 31, 2028
Principal/ Number of Shares		4,000,000		4,000,000
Cost		$ 3,991,962		$ 3,990,860
Fair Value		$ 3,948,000		$ 3,950,000
Corelogic, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan (4/21)		Term Loan (4/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.86%		8.94%
Maturity Date		Jun. 02, 2028		Jun. 02, 2028
Principal/ Number of Shares		2,431,250		2,443,750
Cost		$ 2,424,504		$ 2,436,006
Fair Value		$ 2,397,820		$ 2,372,344
Cortes NP Acquisition Corp (Vertiv) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Capital Equipment		Capital Equipment
Asset Name		Term Loan B (05/24)		Term Loan B (12/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.34%		7.94%
Maturity Date		Mar. 02, 2027		Mar. 02, 2027
Principal/ Number of Shares		1,930,437		1,940,138
Cost		$ 1,930,437		$ 1,940,138
Fair Value		$ 1,934,954		$ 1,941,903
Creative Artists Agency, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Diversified & Production		Media: Diversified & Production
Asset Name		Term Loan B		Term Loan B (02/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.50%		8.83%
Maturity Date		Nov. 27, 2028		Nov. 27, 2028
Principal/ Number of Shares		1,580,064		1,588,004
Cost		$ 1,571,122		$ 1,577,748
Fair Value		$ 1,586,479		$ 1,588,449
CROCS INC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan B (01/24)		Term Loan B (01/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.50%		7.58%
Maturity Date		Feb. 19, 2029		Feb. 19, 2029
Principal/ Number of Shares		922,500		1,230,000
Cost		$ 895,746		$ 1,190,854
Fair Value		$ 925,157		$ 1,230,923
Cross Financial Corp [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B2		Term Loan B2
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.75%		8.83%
Maturity Date		Sep. 15, 2027		Sep. 15, 2027
Principal/ Number of Shares		486,281		487,500
Cost		$ 486,231		$ 487,355
Fair Value		$ 487,195		$ 486,891
Crown Subsea Communications Holding, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan B		Term Loan B (01/24)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.25%		10.07%
Maturity Date		Jan. 30, 2031		Jan. 30, 2031
Principal/ Number of Shares		2,400,000		2,400,000
Cost		$ 2,378,157		$ 2,376,371
Fair Value		$ 2,413,992		$ 2,409,000
CSC Holdings LLC (Neptune Finco Corp.) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Asset Name		Term Loan 12/22		Term Loan B-5
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD LIBOR+
Reference Spread		4.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.84%		7.93%
Maturity Date		Jan. 15, 2028		Apr. 15, 2027
Principal/ Number of Shares		2,364,032		480,000
Cost		$ 2,357,265		$ 480,000
Fair Value		$ 2,251,740		$ 448,277
CSC Holdings LLC (Neptune Finco Corp.) One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Asset Name		Term Loan B-5		Term Loan 12/22
Asset Type		Loan		Loan
Reference Rate		1M USD LIBOR+		1M USD SOFR+
Reference Spread		2.50%		4.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.95%		9.82%
Maturity Date		Apr. 15, 2027		Apr. 15, 2027
Principal/ Number of Shares		477,500		2,376,032
Cost		$ 477,500		$ 2,368,120
Fair Value		$ 401,339		$ 2,307,222
CTC Holdings, LP [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.27%		10.48%
Maturity Date		Feb. 15, 2029		Feb. 15, 2029
Principal/ Number of Shares		2,199,375		2,210,625
Cost		$ 2,159,261		$ 2,165,966
Fair Value		$ 2,182,880		$ 2,194,045
CTS Midco, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		6%		6%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.51%		11.57%
Maturity Date		Nov. 02, 2027		Nov. 02, 2027
Principal/ Number of Shares		1,928,210		1,937,017
Cost		$ 1,898,801		$ 1,903,074
Fair Value		$ 1,920,980		$ 1,830,481
Dave & Buster’s Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B (1/24)		Term Loan B (1/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.50%		8.63%
Maturity Date		Jun. 29, 2029		Jun. 29, 2029
Principal/ Number of Shares		985,069		990,019
Cost		$ 947,486		$ 949,041
Fair Value		$ 983,227		$ 990,791
DCert Buyer, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.25%		9.33%
Maturity Date		Oct. 16, 2026		Oct. 16, 2026
Principal/ Number of Shares		1,447,103		1,454,660
Cost		$ 1,447,103		$ 1,454,660
Fair Value		$ 1,415,904		$ 1,442,426
Delek US Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Utilities: Oil & Gas		Utilities: Oil & Gas
Asset Name		Term Loan B (11/22)		Term Loan B (11/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.85%		8.93%
Maturity Date		Nov. 16, 2029		Nov. 16, 2029
Principal/ Number of Shares		5,319,000		5,346,000
Cost		$ 5,225,625		$ 5,244,974
Fair Value		$ 5,314,585		$ 5,325,952
Delta 2 Lux Sarl [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.58%		7.60%
Maturity Date		Jan. 15, 2030		Jan. 15, 2030
Principal/ Number of Shares		2,000,000		2,000,000
Cost		$ 1,991,966		$ 1,991,389
Fair Value		$ 2,007,500		$ 1,997,000
Derby Buyer LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan (5/24)		Term Loan (09/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.84%		9.58%
Maturity Date		Nov. 01, 2030		Nov. 01, 2030
Principal/ Number of Shares		623,438		625,000
Cost		$ 614,878		$ 616,061
Fair Value		$ 624,217		$ 625,394
DexKo Global, Inc. (Dragon Merger) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan (9/21)		Term Loan (9/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.35%		9.36%
Maturity Date		Oct. 04, 2028		Oct. 04, 2028
Principal/ Number of Shares		977,500		982,500
Cost		$ 974,845		$ 979,722
Fair Value		$ 954,656		$ 978,206
DG Investment Intermediate Holdings 2, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Aerospace & Defense		Aerospace & Defense
Asset Name		Incremental Term Loan (3/22)		Incremental Term Loan (3/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10%		10.08%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares		491,250		493,750
Cost		$ 476,791		$ 477,680
Fair Value		$ 491,559		$ 492,051
Diamond Sports Group, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Asset Name		1st Priority Term Loan		1st Priority Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		10%		10%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		15.44%		15.43%
Maturity Date		May 25, 2026		May 25, 2026
Principal/ Number of Shares		152,224		152,224
Cost		$ 149,983		$ 149,462
Fair Value		$ 138,632		$ 146,896
DIRECTV FINANCING, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Asset Name		Term Loan (1/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD SOFR+
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.71%		10.83%
Maturity Date		Aug. 02, 2029		Aug. 02, 2029
Principal/ Number of Shares		3,046,450		3,190,000
Cost		$ 3,028,017		$ 3,169,423
Fair Value		$ 3,031,918		$ 3,181,036
DISCOVERY PURCHASER CORPORATION [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.38%		4.38%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.69%		9.71%
Maturity Date		Oct. 04, 2029		Oct. 04, 2029
Principal/ Number of Shares		1,477,612		1,485,028
Cost		$ 1,383,730		$ 1,383,712
Fair Value		$ 1,476,031		$ 1,476,207
Dispatch Acquisition Holdings, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Environmental Industries		Environmental Industries
Asset Name		Term Loan B (3/21)		Term Loan B (3/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.73%		9.75%
Maturity Date		Mar. 25, 2028		Mar. 25, 2028
Principal/ Number of Shares		485,000		487,500
Cost		$ 482,285		$ 484,443
Fair Value		$ 409,219		$ 452,463
DOMTAR CORPORATION [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Forest Products & Paper		Forest Products & Paper
Asset Name		Term Loan 9/21		Term Loan 9/21
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.86%		10.94%
Maturity Date		Nov. 30, 2028		Nov. 30, 2028
Principal/ Number of Shares		3,157,692		3,243,968
Cost		$ 3,107,270		$ 3,187,785
Fair Value		$ 3,049,162		$ 3,163,874
DOTDASH MEREDITH, INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.44%		9.43%
Maturity Date		Nov. 30, 2028		Nov. 30, 2028
Principal/ Number of Shares		1,964,646		1,974,747
Cost		$ 1,813,703		$ 1,809,468
Fair Value		$ 1,962,191		$ 1,955,000
DRI HOLDING INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Asset Name		Term Loan (12/21)		Term Loan (12/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.60%		10.68%
Maturity Date		Dec. 15, 2028		Dec. 15, 2028
Principal/ Number of Shares		3,912,450		3,932,462
Cost		$ 3,799,628		$ 3,808,999
Fair Value		$ 3,755,952		$ 3,605,596
DRW Holdings, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (06/24)		Term Loan (2/21)
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.59%		9.19%
Maturity Date		Jun. 17, 2031		Mar. 01, 2028
Principal/ Number of Shares		6,305,000		6,370,000
Cost		$ 6,278,088		$ 6,338,820
Fair Value		$ 6,310,927		$ 6,354,075
DTZ U.S. Borrower, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan B (04/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		2.75%
SOFR/LIBOR Floor		0.50%		0%
Current Rate (All In)		9%		8.19%
Maturity Date		Jan. 31, 2030		Aug. 21, 2025
Principal/ Number of Shares		1,097,250		198,929
Cost		$ 1,073,039		$ 198,685
Fair Value		$ 1,099,993		$ 198,432
DTZ U.S. Borrower, LLC One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan		Term Loan (01/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		3.25%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		8.11%		8.68%
Maturity Date		Aug. 21, 2025		Jan. 31, 2030
Principal/ Number of Shares		49,419		2,024,241
Cost		$ 49,382		$ 2,022,091
Fair Value		$ 49,357		$ 1,999,788
DTZ U.S. Borrower, LLC Two [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan B1 (06/24)		Term Loan (08/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.25%		9.33%
Maturity Date		Jan. 31, 2030		Jan. 31, 2030
Principal/ Number of Shares		2,019,155		1,100,000
Cost		$ 2,017,439		$ 1,074,202
Fair Value		$ 2,014,107		$ 1,097,250
Dye & Durham Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business
Asset Name		Term Loan B (04/24)
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		4.25%
SOFR/LIBOR Floor		1%
Current Rate (All In)		9.68%
Maturity Date		Apr. 11, 2031
Principal/ Number of Shares		1,500,000
Cost		$ 1,478,254
Fair Value		$ 1,503,750
EAB Global, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan (08/21)		Term Loan (08/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.50%		8.94%
Maturity Date		Aug. 16, 2028		Aug. 16, 2028
Principal/ Number of Shares		975,007		980,000
Cost		$ 972,383		$ 976,771
Fair Value		$ 971,350		$ 977,344
Echo Global Logistics, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.10%		8.93%
Maturity Date		Nov. 23, 2028		Nov. 23, 2028
Principal/ Number of Shares		1,955,000		1,965,000
Cost		$ 1,952,876		$ 1,962,209
Fair Value		$ 1,937,581		$ 1,926,761
Edelman Financial Group Inc., The [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (05/24)		Term Loan B (3/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0%		0.75%
Current Rate (All In)		8.50%		8.94%
Maturity Date		Apr. 07, 2028		Apr. 07, 2028
Principal/ Number of Shares		2,160,773		2,166,328
Cost		$ 2,156,819		$ 2,161,731
Fair Value		$ 2,161,746		$ 2,158,616
ELECTRON BIDCO INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.36%		8.44%
Maturity Date		Nov. 01, 2028		Nov. 01, 2028
Principal/ Number of Shares		488,750		491,250
Cost		$ 487,442		$ 489,769
Fair Value		$ 489,635		$ 490,253
ELO Touch Solutions, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Diversified & Production		Media: Diversified & Production
Asset Name		Term Loan (12/18)		Term Loan (12/18)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		6.50%		6.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		11.86%		11.94%
Maturity Date		Dec. 14, 2025		Dec. 14, 2025
Principal/ Number of Shares		2,201,776		2,522,373
Cost		$ 2,179,600		$ 2,488,308
Fair Value		$ 2,185,813		$ 2,485,798
Embecta Corp [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.25%		8.33%
Maturity Date		Mar. 30, 2029		Mar. 30, 2029
Principal/ Number of Shares		3,084,096		2,598,596
Cost		$ 3,033,788		$ 2,581,552
Fair Value		$ 3,023,463		$ 2,366,360
Emrld Borrower LP [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Capital Equipment
Asset Name		Term Loan B (04/23)
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.56%
Maturity Date		May 31, 2030
Principal/ Number of Shares		995,000
Cost		$ 990,650
Fair Value		$ 994,274
Endo Finance Holdings Inc Two [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals
Asset Name		Exit Term Loan B (04/24)
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		4.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.78%
Maturity Date		Apr. 09, 2031
Principal/ Number of Shares		2,000,000
Cost		$ 1,981,089
Fair Value		$ 1,995,000
Endure Digital, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		6M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.96%		9.42%
Maturity Date		Feb. 10, 2028		Feb. 10, 2028
Principal/ Number of Shares		2,425,000		2,437,500
Cost		$ 2,418,676		$ 2,430,093
Fair Value		$ 2,158,250		$ 2,380,048
Entain Holdings (Gibraltar) Limited [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B3 (5/24)		Term Loan B (10/22)
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		3M USD SOFR+
Reference Spread		2.75%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.01%		8.95%
Maturity Date		Oct. 31, 2029		Oct. 30, 2029
Principal/ Number of Shares		1,483,744		1,487,496
Cost		$ 1,469,816		$ 1,472,128
Fair Value		$ 1,485,598		$ 1,489,355
EOS U.S. FINCO LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Cargo		Transportation: Cargo
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		3M USD SOFR+
Reference Spread		6%		5.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		11.26%		11.10%
Maturity Date		Oct. 06, 2029		Oct. 06, 2029
Principal/ Number of Shares		962,500		975,000
Cost		$ 900,574		$ 908,088
Fair Value		$ 794,784		$ 871,104
Equiniti Group PLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		6M USD SOFR+
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.01%		9.93%
Maturity Date		Dec. 11, 2028		Dec. 11, 2028
Principal/ Number of Shares		975,000		980,000
Cost		$ 968,670		$ 973,017
Fair Value		$ 982,313		$ 981,470
Evertec Group LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (09/23)		Term Loan B (09/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.50%		8.83%
Maturity Date		Oct. 30, 2030		Oct. 30, 2030
Principal/ Number of Shares		1,125,000		1,125,000
Cost		$ 1,109,641		$ 1,108,675
Fair Value		$ 1,133,438		$ 1,123,594
EyeCare Partners, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		1%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.38%		9.39%
Maturity Date		Nov. 30, 2028		Feb. 18, 2027
Principal/ Number of Shares		12,285
Cost		$ 13,510		$ 1,951
Fair Value		$ 7,678
Fiesta Purchaser, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		First Lien TLB		First Lien TLB
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.25%		9.32%
Maturity Date		Feb. 12, 2031		Feb. 12, 2031
Principal/ Number of Shares		500,000		500,000
Cost		$ 495,383		$ 495,088
Fair Value		$ 502,500		$ 499,315
Finco I LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (08/23)		Term Loan B (08/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.26%		8.31%
Maturity Date		Jun. 27, 2029		Jun. 27, 2029
Principal/ Number of Shares		2,802,640		2,816,795
Cost		$ 2,800,104		$ 2,813,980
Fair Value		$ 2,816,653		$ 2,815,386
First Brands Group, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		1st Lien Term Loan (3/21)		1st Lien Term Loan (3/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5%		5%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.51%		10.57%
Maturity Date		Mar. 30, 2027		Mar. 30, 2027
Principal/ Number of Shares		4,837,500		4,862,500
Cost		$ 4,798,636		$ 4,816,997
Fair Value		$ 4,772,484		$ 4,868,578
First Eagle Investment Management [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (02/24)		Refinancing Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.33%		7.95%
Maturity Date		Mar. 05, 2029		Feb. 01, 2027
Principal/ Number of Shares		5,078,923		5,091,652
Cost		$ 5,070,226		$ 5,082,259
Fair Value		$ 5,028,134		$ 5,068,332
First Student Bidco Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Consumer		Transportation: Consumer
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.60%		8.61%
Maturity Date		Jul. 21, 2028		Jul. 21, 2028
Principal/ Number of Shares		711,437		715,360
Cost		$ 708,240		$ 711,800
Fair Value		$ 712,611		$ 709,694
First Student Bidco Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Consumer		Transportation: Consumer
Asset Name		Term Loan C		Term Loan C
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.60%		8.61%
Maturity Date		Jul. 21, 2028		Jul. 21, 2028
Principal/ Number of Shares		216,966		216,966
Cost		$ 215,980		$ 215,877
Fair Value		$ 217,324		$ 215,248
Fitness International, LLC (LA Fitness) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan  B (1/24)		Term Loan  B (1/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.50%		10.58%
Maturity Date		Feb. 05, 2029		Feb. 05, 2029
Principal/ Number of Shares		1,197,000		1,200,000
Cost		$ 1,164,665		$ 1,164,361
Fair Value		$ 1,192,511		$ 1,165,500
Flutter Financing B.V. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B3 (11/23)		Third Amendment 2028-B Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.58%		8.86%
Maturity Date		Nov. 25, 2030		Jul. 21, 2028
Principal/ Number of Shares		3,731,250		309,759
Cost		$ 3,721,953		$ 304,101
Fair Value		$ 3,730,578		$ 310,103
FOCUS FINANCIAL PARTNERS, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B7		Term Loan B7
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8%		8.08%
Maturity Date		Jun. 30, 2028		Jun. 30, 2028
Principal/ Number of Shares		1,465,026		1,472,388
Cost		$ 1,452,221		$ 1,458,275
Fair Value		$ 1,463,473		$ 1,461,345
Franchise Group, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		First Out Term Loan		First Out Term Loan
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		6M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.39%		10.36%
Maturity Date		Mar. 10, 2026		Mar. 10, 2026
Principal/ Number of Shares		801,094		799,104
Cost		$ 798,183		$ 795,310
Fair Value		$ 480,656		$ 703,211
Franchise Group, Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.25%		10.33%
Maturity Date		Mar. 10, 2026		Mar. 10, 2026
Principal/ Number of Shares		2,962,500		2,977,500
Cost		$ 2,882,924		$ 2,874,281
Fair Value		$ 1,792,313		$ 2,612,756
Franklin Square Holdings, L.P. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (04/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.50%		7.68%
Maturity Date		Apr. 25, 2031		Aug. 01, 2025
Principal/ Number of Shares		4,252,472		4,263,723
Cost		$ 4,246,263		$ 4,255,884
Fair Value		$ 4,249,835		$ 4,258,394
Froneri International (R&R Ice Cream) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term Loan B-2		Term Loan B-2
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.60%		7.68%
Maturity Date		Jan. 29, 2027		Jan. 29, 2027
Principal/ Number of Shares		1,920,000		1,930,000
Cost		$ 1,919,309		$ 1,928,989
Fair Value		$ 1,922,054		$ 1,928,340
Garrett LX III S.a r.l. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan		Dollar Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.75%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8%		8.82%
Maturity Date		Apr. 30, 2028		Apr. 30, 2028
Principal/ Number of Shares		1,458,750		1,466,250
Cost		$ 1,454,817		$ 1,461,820
Fair Value		$ 1,460,573		$ 1,465,634
Gemini HDPE LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B (12/20)		Term Loan B (12/20)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.51%		8.57%
Maturity Date		Dec. 31, 2027		Dec. 31, 2027
Principal/ Number of Shares		2,128,892		2,183,488
Cost		$ 2,119,613		$ 2,172,849
Fair Value		$ 2,131,021		$ 2,163,466
Genesee & Wyoming, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Cargo		Transportation: Cargo
Asset Name		Term Loan B (03/24)		Term Loan (11/19)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.33%		7.45%
Maturity Date		Apr. 10, 2031		Dec. 30, 2026
Principal/ Number of Shares		1,500,000		1,443,750
Cost		$ 1,492,740		$ 1,440,683
Fair Value		$ 1,499,535		$ 1,443,577
GGP Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD LIBOR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.85%		2.96%
Maturity Date		Aug. 27, 2025		Aug. 27, 2025
Principal/ Number of Shares		2,420,998		2,781,634
Cost		$ 2,328,941		$ 2,604,347
Fair Value		$ 2,410,782		$ 2,766,864
GIP Pilot Acquisition Partners, L.P. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Energy: Oil & Gas		Energy: Oil & Gas
Asset Name		Term Loan (05/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.50%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.82%		8.33%
Maturity Date		Oct. 04, 2030		Oct. 04, 2030
Principal/ Number of Shares		454,423		500,000
Cost		$ 452,427		$ 497,577
Fair Value		$ 455,560		$ 499,585
Global Tel*Link Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications		Telecommunications
Asset Name		Term Loan (6/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		7.50%		4.25%
SOFR/LIBOR Floor		3%		0%
Current Rate (All In)		12.85%		9.68%
Maturity Date		Jul. 31, 2029		Nov. 29, 2025
Principal/ Number of Shares		4,821,101		4,846,612
Cost		$ 4,748,318		$ 4,750,154
Fair Value		$ 4,656,364		$ 4,708,290
Go Daddy Operating Company, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B7		Term Loan 2/21
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7%		7.44%
Maturity Date		May 30, 2031		Aug. 10, 2027
Principal/ Number of Shares		944,956		947,411
Cost		$ 944,956		$ 947,411
Fair Value		$ 943,869		$ 946,984
GOLDEN WEST PACKAGING GROUP LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Forest Products & Paper		Forest Products & Paper
Asset Name		Term Loan (11/21)		Term Loan (11/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.71%		10.69%
Maturity Date		Dec. 01, 2027		Dec. 01, 2027
Principal/ Number of Shares		1,825,000		1,875,000
Cost		$ 1,814,836		$ 1,862,167
Fair Value		$ 1,523,875		$ 1,556,250
GOTO GROUP, INC.[Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		First Lien Term Loan		First Lien Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.14%		10.17%
Maturity Date		Apr. 30, 2028		Apr. 30, 2028
Principal/ Number of Shares		1,251,655		1,254,792
Cost		$ 765,868		$ 730,596
Fair Value		$ 1,055,308		$ 1,198,326
GOTO GROUP, INC.One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Second-Out Term Loan (02/24)		Second-Out Term Loan (02/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.14%		10.17%
Maturity Date		Apr. 30, 2028		Apr. 30, 2028
Principal/ Number of Shares		1,728,476		1,732,808
Cost		$ 1,651,310		$ 1,646,943
Fair Value		$ 665,463		$ 1,199,970
Graham Packaging Co Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan B (07/24)		Term Loan (2/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		3%
SOFR/LIBOR Floor		0%		0.75%
Current Rate (All In)		7.75%		8.44%
Maturity Date		Aug. 04, 2027		Aug. 07, 2027
Principal/ Number of Shares		942,441		945,831
Cost		$ 939,210		$ 942,144
Fair Value		$ 942,017		$ 944,554
Great Outdoors Group, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan B2		Term Loan B2
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.11%		9.19%
Maturity Date		Mar. 06, 2028		Mar. 06, 2028
Principal/ Number of Shares		965,206		970,169
Cost		$ 962,753		$ 967,400
Fair Value		$ 964,801		$ 969,994
Griffon Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2%		2.25%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		7.34%		7.75%
Maturity Date		Jan. 24, 2029		Jan. 24, 2029
Principal/ Number of Shares		143,438		144,063
Cost		$ 143,243		$ 143,842
Fair Value		$ 143,169		$ 143,838
Grosvenor Capital Management Holdings, LLLP [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (5/24)		Amendment 5 Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.50%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		7.50%		7.94%
Maturity Date		Feb. 25, 2030		Feb. 24, 2028
Principal/ Number of Shares		2,800,713		2,807,931
Cost		$ 2,800,234		$ 2,806,739
Fair Value		$ 2,803,346		$ 2,807,061
Groupe Solmax Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Environmental Industries		Environmental Industries
Asset Name		Term Loan (6/21)		Term Loan (6/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.35%		10.36%
Maturity Date		May 27, 2028		May 27, 2028
Principal/ Number of Shares		2,424,733		2,473,405
Cost		$ 2,113,351		$ 2,125,105
Fair Value		$ 2,288,778		$ 2,402,740
GYP HOLDINGS III CORP. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan  (1/24)		Term Loan  (1/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.50%		7.58%
Maturity Date		May 12, 2030		May 12, 2030
Principal/ Number of Shares		248,128		249,375
Cost		$ 247,069		$ 248,230
Fair Value		$ 247,922		$ 249,375
Hertz Corporation (The) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Consumer		Transportation: Consumer
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.10%		9.07%
Maturity Date		Jun. 30, 2028		Jun. 30, 2028
Principal/ Number of Shares		2,093,490		500,000
Cost		$ 2,039,739		$ 490,436
Fair Value		$ 1,886,381		$ 481,875
Hillman Group Inc. (The) (New) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan B-1 (2/21)		Term Loan B-1 (2/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.50%		8.19%
Maturity Date		Jul. 14, 2028		Jul. 14, 2028
Principal/ Number of Shares		3,154,420		3,172,373
Cost		$ 3,152,395		$ 3,168,887
Fair Value		$ 3,155,619		$ 3,167,266
Hilton Domestic Operating Company Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B 4		Term Loan B 4
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.03%		7.42%
Maturity Date		Nov. 08, 2030		Nov. 08, 2030
Principal/ Number of Shares		1,500,000		1,500,000
Cost		$ 1,496,812		$ 1,496,471
Fair Value		$ 1,501,710		$ 1,501,020
Hilton Grand Vacations Borrower LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B		Term Loan (3/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		8.18%		8.19%
Maturity Date		Aug. 02, 2028		Aug. 02, 2028
Principal/ Number of Shares		500,000		497,455
Cost		$ 500,000		$ 497,455
Fair Value		$ 499,295		$ 496,834
HLF Financing SARL (Herbalife) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Non-durable		Consumer goods: Non-durable
Asset Name		Term Loan		Term Loan B (08/18)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		6.75%		2.50%
SOFR/LIBOR Floor		0.50%		0%
Current Rate (All In)		12%		7.94%
Maturity Date		Apr. 12, 2029		Aug. 18, 2025
Principal/ Number of Shares		3,116,400		3,116,400
Cost		$ 3,114,318		$ 3,113,557
Fair Value		$ 2,961,297		$ 3,044,598
Holley Purchaser, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan (11/21)		Term Loan (11/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.11%		9.19%
Maturity Date		Nov. 17, 2028		Nov. 17, 2028
Principal/ Number of Shares		2,202,149		2,254,003
Cost		$ 2,196,509		$ 2,247,557
Fair Value		$ 2,182,880		$ 2,188,795
Hudson River Trading LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan (3/21)		Term Loan (3/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.32%		8.44%
Maturity Date		Mar. 17, 2028		Mar. 17, 2028
Principal/ Number of Shares		5,805,000		5,835,000
Cost		$ 5,773,194		$ 5,798,864
Fair Value		$ 5,796,118		$ 5,792,171
Hunter Douglas Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan B-1		Term Loan B-1
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.57%		8.82%
Maturity Date		Feb. 26, 2029		Feb. 26, 2029
Principal/ Number of Shares		2,462,374		2,474,937
Cost		$ 2,243,517		$ 2,235,702
Fair Value		$ 2,443,906		$ 2,442,466
Hyperion Refinance S.a.r.l. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.75%		8.81%
Maturity Date		Feb. 15, 2031		Feb. 15, 2031
Principal/ Number of Shares		2,992,500		3,000,000
Cost		$ 2,978,860		$ 2,985,024
Fair Value		$ 2,993,847		$ 2,983,440
Idera, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan (06/24)		Term Loan (02/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.50%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.75%		9.21%
Maturity Date		Mar. 02, 2028		Mar. 02, 2028
Principal/ Number of Shares		4,749,901		4,762,143
Cost		$ 4,745,286		$ 4,756,197
Fair Value		$ 4,715,132		$ 4,730,379
IMA Financial Group, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan (10/21)		Term Loan (10/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.50%		9.19%
Maturity Date		Nov. 01, 2028		Nov. 01, 2028
Principal/ Number of Shares		2,452,455		2,458,728
Cost		$ 2,444,649		$ 2,449,919
Fair Value		$ 2,449,390		$ 2,452,581
INDY US BIDCO, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan (11/21)		Term Loan (11/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.11%		9.08%
Maturity Date		Mar. 06, 2028		Mar. 06, 2028
Principal/ Number of Shares		2,182,047		2,193,266
Cost		$ 2,181,428		$ 2,192,568
Fair Value		$ 2,152,829		$ 2,119,243
INEOS 226 Ltd. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan 3/23		Term Loan 3/23
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.10%		9.18%
Maturity Date		Mar. 13, 2030		Mar. 13, 2030
Principal/ Number of Shares		495,000		497,500
Cost		$ 490,728		$ 492,907
Fair Value		$ 494,792		$ 490,450
Ineos US Finance LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan C		Term Loan C
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.50%		8.93%
Maturity Date		Feb. 18, 2030		Feb. 18, 2030
Principal/ Number of Shares		992,500		995,000
Cost		$ 984,060		$ 985,838
Fair Value		$ 990,019		$ 985,259
INEOS US PETROCHEM LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.60%		9.68%
Maturity Date		Apr. 02, 2029		Apr. 02, 2029
Principal/ Number of Shares		2,708,087		2,714,874
Cost		$ 2,655,367		$ 2,657,733
Fair Value		$ 2,711,472		$ 2,667,363
Informatica Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (06/24)		Term Loan B (10/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.50%		8.19%
Maturity Date		Oct. 27, 2028		Oct. 27, 2028
Principal/ Number of Shares		488,750		491,250
Cost		$ 488,682		$ 491,064
Fair Value		$ 489,669		$ 491,250
Ingram Micro Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Wholesale		Wholesale
Asset Name		Term Loan (09/23)		Term Loan (09/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.60%		8.61%
Maturity Date		Jun. 30, 2028		Jun. 30, 2028
Principal/ Number of Shares		978,511		1,095,000
Cost		$ 972,462		$ 1,087,525
Fair Value		$ 981,368		$ 1,093,631
Inmar, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan (06/23)		Term Loan (06/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.75%		10.83%
Maturity Date		May 01, 2026		May 01, 2026
Principal/ Number of Shares		3,316,500		3,333,250
Cost		$ 3,242,891		$ 3,240,468
Fair Value		$ 3,323,763		$ 3,305,117
Innophos, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.11%		8.58%
Maturity Date		Feb. 04, 2027		Feb. 04, 2027
Principal/ Number of Shares		478,750		481,250
Cost		$ 478,001		$ 480,346
Fair Value		$ 478,152		$ 475,475
INSTANT BRANDS HOLDINGS INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable	[3],[5]	Consumer goods: Durable
Asset Name		Instant Brands TL	[3],[5]	Instant Brands TL
Asset Type		Loan	[3],[5]	Loan
Reference Rate		3M USD SOFR+	[3],[5]	Prime
Reference Spread		15%	[3],[5]	4%
SOFR/LIBOR Floor		0%	[3],[5]	0.75%
Current Rate (All In)		20.34%	[3],[5]	14.50%
Maturity Date		Feb. 26, 2031	[3],[5]	Apr. 07, 2028
Principal/ Number of Shares		37,614	[3],[5]	10,085
Cost		$ 30,255	[3],[5]	$ 10,085
Fair Value		$ 37,614	[3],[5]	$ 10,085
IRB Holding Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.10%		8.18%
Maturity Date		Dec. 15, 2027		Dec. 15, 2027
Principal/ Number of Shares		493,724		494,962
Cost		$ 490,080		$ 490,830
Fair Value		$ 493,907		$ 494,101
Isagenix International, LLC One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry	[3]	Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name	[3]	Term Loan		Term Loan
Asset Type	[3]	Loan		Loan
Reference Rate	[3]	6M USD SOFR+		6M USD SOFR+
Reference Spread	[3]	2.50%		2.50%
SOFR/LIBOR Floor	[3]	0%		0%
Current Rate (All In)	[3]	2.50%		2.50%
Maturity Date	[3]	Apr. 13, 2028		Apr. 13, 2028
Principal/ Number of Shares	[3]	1,316,681		1,258,790
Cost	[3]	$ 928,733		$ 838,779
Fair Value	[3]	$ 1,132,346		$ 1,082,559
Isolved Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan (4/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		6M USD SOFR+
Reference Spread		3.50%		4%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		8.75%		9.48%
Maturity Date		Oct. 14, 2030		Oct. 05, 2030
Principal/ Number of Shares		623,438		625,000
Cost		$ 617,611		$ 618,886
Fair Value		$ 625,775		$ 626,563
Jane Street Group [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.86%		7.94%
Maturity Date		Jan. 26, 2028		Jan. 26, 2028
Principal/ Number of Shares		3,860,000		3,880,000
Cost		$ 3,859,188		$ 3,878,565
Fair Value		$ 3,861,698		$ 3,869,602
Journey Personal Care Corp. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Non-durable		Consumer goods: Non-durable
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.62%		9.69%
Maturity Date		Mar. 01, 2028		Mar. 01, 2028
Principal/ Number of Shares		2,910,000		2,925,000
Cost		$ 2,866,904		$ 2,876,836
Fair Value		$ 2,897,865		$ 2,850,647
JP Intermediate B, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Non-durable		Consumer goods: Non-durable
Asset Name		Term Loan 7/23		Term Loan 7/23
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.01%		11.07%
Maturity Date		Nov. 20, 2027		Nov. 20, 2027
Principal/ Number of Shares		3,413,673		3,456,884
Cost		$ 3,401,590		$ 3,442,560
Fair Value		$ 238,957		$ 276,551
Kleopatra Finco S.a r.l. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan (1/21) (USD)		Term Loan (1/21) (USD)
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		6M USD SOFR+
Reference Spread		4.73%		4.73%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.72%		10.27%
Maturity Date		Feb. 12, 2026		Feb. 12, 2026
Principal/ Number of Shares		1,451,250		1,458,750
Cost		$ 1,450,520		$ 1,456,824
Fair Value		$ 1,366,250		$ 1,400,400
Kodiak BP, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.85%		8.86%
Maturity Date		Mar. 13, 2028		Mar. 13, 2028
Principal/ Number of Shares		483,617		486,159
Cost		$ 482,833		$ 485,291
Fair Value		$ 483,922		$ 485,211
Kodiak BP, LLC One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building
Asset Name		Term Loan B2
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.08%
Maturity Date		Mar. 13, 2028
Principal/ Number of Shares		498,750
Cost		$ 496,426
Fair Value		$ 501,244
Koppers Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B (04/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.34%		8.93%
Maturity Date		Apr. 10, 2030		Apr. 10, 2030
Principal/ Number of Shares		990,031		995,006
Cost		$ 964,500		$ 967,558
Fair Value		$ 992,506		$ 998,121
KREF Holdings X LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan (11/21)		Term Loan (11/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.08%		8.93%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares		483,844		486,325
Cost		$ 477,925		$ 479,475
Fair Value		$ 477,796		$ 464,440
Lakeland Tours, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure	[3]	Hotel, Gaming & Leisure	[4]
Asset Name		Holdco Fixed Term Loan	[3]	Holdco Fixed Term Loan	[4]
Asset Type		Loan	[3]	Loan	[4]
Reference Rate		Fixed	[3]	Fixed	[4]
Reference Spread		0%	[3]	0%	[4]
SOFR/LIBOR Floor		0%	[3]	0%	[4]
Current Rate (All In)		8%	[3]	8%	[4]
Maturity Date		Sep. 27, 2027	[3]	Sep. 27, 2027	[4]
Principal/ Number of Shares		1,127,568	[3]	1,127,568	[4]
Cost		$ 626,323	[3]	$ 568,253	[4]
Fair Value		$ 197,324	[3]	$ 761,108	[4]
Latham Pool Products, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable
Asset Name		Term Loan 2/22
Asset Type		Loan
Reference Rate		1M USD SOFR+
Reference Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.35%
Maturity Date		Feb. 23, 2029
Principal/ Number of Shares		997,203
Cost		$ 982,857
Fair Value		$ 952,329
Lealand Finance Company B.V. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Energy: Oil & Gas	[3]	Energy: Oil & Gas	[4]
Asset Name		Exit Term Loan	[3]	Exit Term Loan	[4]
Asset Type		Loan	[3]	Loan	[4]
Reference Rate		1M USD SOFR+	[3]	1M USD SOFR+	[4]
Reference Spread		1%	[3]	1%	[4]
SOFR/LIBOR Floor		0%	[3]	0%	[4]
Current Rate (All In)		6.46%	[3]	6.44%	[4]
Maturity Date		Dec. 31, 2027	[3]	Jun. 30, 2025	[4]
Principal/ Number of Shares		361,211	[3]	355,751	[4]
Cost		$ 361,211	[3]	$ 355,751	[4]
Fair Value		$ 127,627	[3]	$ 138,149	[4]
LHS BORROWER, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan (02/22)		Term Loan (02/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.10%		10.18%
Maturity Date		Feb. 16, 2029		Feb. 16, 2029
Principal/ Number of Shares		2,462,968		2,475,771
Cost		$ 2,101,336		$ 2,084,045
Fair Value		$ 2,301,644		$ 2,310,216
Lifetime Brands, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Non-durable		Consumer goods: Non-durable
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.90%		10.94%
Maturity Date		Aug. 26, 2027		Aug. 26, 2027
Principal/ Number of Shares		1,617,830		1,659,313
Cost		$ 1,612,762		$ 1,653,207
Fair Value		$ 1,569,295		$ 1,595,015
Liquid Tech Solutions Holdings, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.11%		10.19%
Maturity Date		Mar. 17, 2028		Mar. 17, 2028
Principal/ Number of Shares		970,000		975,000
Cost		$ 968,360		$ 972,922
Fair Value		$ 967,575		$ 957,938
LOYALTY VENTURES INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business	[5]	Services: Business	[6]
Asset Name		Term Loan B	[5]	Term Loan B	[6]
Asset Type		Loan	[5]	Loan	[6]
Reference Rate		Prime	[5]	Prime	[6]
Reference Spread		5.50%	[5]	5.50%	[6]
SOFR/LIBOR Floor		0.50%	[5]	0.50%	[6]
Current Rate (All In)		14%	[5]	14%	[6]
Maturity Date		Nov. 03, 2027	[5]	Nov. 03, 2027	[6]
Principal/ Number of Shares		2,913,525	[5]	2,913,525	[6]
Cost		$ 2,903,746	[5]	$ 2,902,171	[6]
Fair Value		$ 21,851	[5]	$ 25,493	[6]
LPL Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B1		Term Loan B1
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.19%		7.18%
Maturity Date		Nov. 11, 2026		Nov. 11, 2026
Principal/ Number of Shares		1,189,178		1,195,404
Cost		$ 1,188,643		$ 1,194,671
Fair Value		$ 1,188,120		$ 1,194,125
LSF11 A5 HOLDCO LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B (06/24)		Term Loan (01/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.86%		9.68%
Maturity Date		Oct. 15, 2028		Oct. 14, 2028
Principal/ Number of Shares		1,729,327		1,492,500
Cost		$ 1,711,900		$ 1,473,942
Fair Value		$ 1,726,543		$ 1,491,754
LSF11 TRINITY BIDCO INC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Aerospace & Defense		Aerospace & Defense
Asset Name		Term Loan B (06/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.81%		9.32%
Maturity Date		Jun. 14, 2030		Jun. 14, 2030
Principal/ Number of Shares		975,840		980,756
Cost		$ 963,067		$ 967,038
Fair Value		$ 970,961		$ 980,756
LSF9 Atlantis Holdings, LLC (A Wireless) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan  (2/24)		Term Loan  (2/24)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		6.50%		6.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		11.83%		11.83%
Maturity Date		Mar. 31, 2029		Mar. 31, 2029
Principal/ Number of Shares		2,740,313		2,775,000
Cost		$ 2,671,808		$ 2,700,276
Fair Value		$ 2,754,014		$ 2,775,860
Lumen Technologies Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications
Asset Name		Term Loan B1 (3/24)
Asset Type		Loan
Reference Rate		1M USD SOFR+
Reference Spread		2.35%
SOFR/LIBOR Floor		2%
Current Rate (All In)		7.74%
Maturity Date		Apr. 15, 2029
Principal/ Number of Shares		1,616,424
Cost		$ 1,615,740
Fair Value		$ 1,296,502
Lumen Technologies Inc One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications
Asset Name		Term Loan B2 (3/24)
Asset Type		Loan
Reference Rate		1M USD SOFR+
Reference Spread		2.35%
SOFR/LIBOR Floor		2%
Current Rate (All In)		7.74%
Maturity Date		Apr. 15, 2030
Principal/ Number of Shares		1,616,424
Cost		$ 1,615,734
Fair Value		$ 1,263,704
MAGNITE, INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B (01/24)		Term Loan B (01/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.75%		9.82%
Maturity Date		Feb. 06, 2031		Feb. 06, 2031
Principal/ Number of Shares		3,241,875		3,250,000
Cost		$ 3,211,441		$ 3,218,266
Fair Value		$ 3,260,127		$ 3,241,875
Marriott Ownership Resorts, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan  B (3/24)		Term Loan (11/19)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.50%		7.18%
Maturity Date		Apr. 01, 2031		Aug. 29, 2025
Principal/ Number of Shares		1,317,074		1,317,074
Cost		$ 1,317,074		$ 1,317,074
Fair Value		$ 1,312,965		$ 1,312,543
Match Group, Inc, The [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan (1/20)		Term Loan (1/20)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.24%		7.27%
Maturity Date		Feb. 15, 2027		Feb. 15, 2027
Principal/ Number of Shares		250,000		250,000
Cost		$ 249,789		$ 249,741
Fair Value		$ 249,688		$ 249,063
Max US Bidco Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD SOFR+
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.25%		10.35%
Maturity Date		Oct. 03, 2030		Oct. 03, 2030
Principal/ Number of Shares		1,995,000		2,000,000
Cost		$ 1,872,111		$ 1,870,298
Fair Value		$ 1,862,891		$ 1,832,500
Mayfield Agency Borrower Inc. (FeeCo) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (06/24)		First Lien Term Loan B (12/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		4.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9%		9.58%
Maturity Date		Feb. 28, 2028		Feb. 28, 2028
Principal/ Number of Shares		3,424,168		3,432,772
Cost		$ 3,349,573		$ 3,346,276
Fair Value		$ 3,425,401		$ 3,432,772
McGraw-Hill Education, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing		Media: Advertising, Printing & Publishing
Asset Name		Term Loan B		Term Loan (07/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.23%		10.19%
Maturity Date		Aug. 01, 2031		Jul. 28, 2028
Principal/ Number of Shares		1,350,441		1,955,000
Cost		$ 1,341,371		$ 1,940,387
Fair Value		$ 1,351,399		$ 1,946,281
MedAssets Software Inter Hldg, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan (11/21) (USD)		Term Loan (11/21) (USD)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.36%		9.44%
Maturity Date		Dec. 18, 2028		Dec. 18, 2028
Principal/ Number of Shares		488,750		491,250
Cost		$ 486,572		$ 488,835
Fair Value		$ 328,684		$ 409,275
Michaels Companies Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan B (Magic Mergeco)		Term Loan B (Magic Mergeco)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.85%		9.86%
Maturity Date		Apr. 08, 2028		Apr. 08, 2028
Principal/ Number of Shares		2,429,874		2,442,400
Cost		$ 2,418,194		$ 2,429,364
Fair Value		$ 1,985,159		$ 1,996,417
Milano Acquisition Corp. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals
Asset Name		Term Loan B
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		4%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.43%
Maturity Date		Oct. 01, 2027
Principal/ Number of Shares		1,994,832
Cost		$ 1,909,962
Fair Value		$ 1,804,485
MIWD Holdco II LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building
Asset Name		Term Loan B2 (03/24)
Asset Type		Loan
Reference Rate		1M USD SOFR+
Reference Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.75%
Maturity Date		Mar. 21, 2031
Principal/ Number of Shares		500,000
Cost		$ 497,571
Fair Value		$ 502,085
MKS Instruments, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (07/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.56%		7.82%
Maturity Date		Aug. 17, 2029		Aug. 17, 2029
Principal/ Number of Shares		1,341,592		1,971,537
Cost		$ 1,339,345		$ 1,967,675
Fair Value		$ 1,343,940		$ 1,966,253
Momentive Performance Materials Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan (03/23)		Term Loan (03/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.75%		9.83%
Maturity Date		Mar. 28, 2028		Mar. 28, 2028
Principal/ Number of Shares		493,750		496,250
Cost		$ 478,401		$ 479,007
Fair Value		$ 493,133		$ 485,084
Moneygram International, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.75%		5.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.08%		10.88%
Maturity Date		Jun. 01, 2030		May 31, 2030
Principal/ Number of Shares		2,978,781		2,993,750
Cost		$ 2,623,547		$ 2,617,290
Fair Value		$ 2,911,759		$ 2,936,989
Mosel Bidco SE [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.50%		4.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.83%		10.10%
Maturity Date		Sep. 16, 2030		Sep. 16, 2030
Principal/ Number of Shares		500,000		500,000
Cost		$ 495,431		$ 495,262
Fair Value		$ 503,125		$ 500,625
MPH Acquisition Holdings LLC (Multiplan) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B (08/21)		Term Loan B (08/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.57%		9.85%
Maturity Date		Sep. 01, 2028		Sep. 01, 2028
Principal/ Number of Shares		2,946,970		2,962,121
Cost		$ 2,741,535		$ 2,734,973
Fair Value		$ 2,293,126		$ 2,861,320
NAB Holdings, LLC (North American Bancard) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (06/24)		Term Loan (11/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.10%		8.25%
Maturity Date		Nov. 23, 2028		Nov. 23, 2028
Principal/ Number of Shares		2,925,169		2,940,000
Cost		$ 2,920,937		$ 2,935,048
Fair Value		$ 2,920,898		$ 2,929,504
Napa Management Services Corp [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan B (02/22)		Term Loan B (02/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.60%		10.68%
Maturity Date		Feb. 22, 2029		Feb. 22, 2029
Principal/ Number of Shares		2,954,660		2,969,773
Cost		$ 2,471,055		$ 2,447,043
Fair Value		$ 2,840,167		$ 2,806,436
Natgasoline LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.95%		8.94%
Maturity Date		Nov. 14, 2025		Nov. 14, 2025
Principal/ Number of Shares		3,287,750		3,305,649
Cost		$ 3,280,186		$ 3,294,914
Fair Value		$ 3,246,653		$ 3,289,120
National Mentor Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan C 2/21		Term Loan 2/21
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.18%		9.18%
Maturity Date		Mar. 02, 2028		Mar. 02, 2028
Principal/ Number of Shares		87,464		2,708,195
Cost		$ 87,231		$ 2,701,639
Fair Value		$ 84,266		$ 2,522,007
National Mentor Holdings, Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan 2/21		Term Loan C 2/21
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.18%		9.20%
Maturity Date		Mar. 02, 2028		Mar. 02, 2028
Principal/ Number of Shares		2,694,271		87,464
Cost		$ 2,688,893		$ 87,200
Fair Value		$ 2,595,769		$ 81,450
Nexstar Broadcasting, Inc. (Mission Broadcasting) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.86%		7.94%
Maturity Date		Sep. 18, 2026		Sep. 18, 2026
Principal/ Number of Shares		657,625		657,625
Cost		$ 654,643		$ 654,056
Fair Value		$ 658,171		$ 655,705
Next Level Apparel, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		7.50%		7.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		12.89%		12.92%
Maturity Date		Aug. 09, 2026		Aug. 09, 2026
Principal/ Number of Shares		2,426,448		2,605,709
Cost		$ 2,426,448		$ 2,579,219
Fair Value		$ 1,851,380		$ 2,019,425
NortonLifeLock Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (05/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		2%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.09%		7.43%
Maturity Date		Sep. 12, 2029		Sep. 12, 2029
Principal/ Number of Shares		977,500		997,195
Cost		$ 974,353		$ 993,475
Fair Value		$ 976,141		$ 994,014
Nouryon Finance B.V. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B (04/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.63%		9.42%
Maturity Date		Apr. 03, 2028		Apr. 03, 2028
Principal/ Number of Shares		497,494		497,500
Cost		$ 493,370		$ 492,525
Fair Value		$ 498,946		$ 497,192
Novae LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.50%		10.52%
Maturity Date		Dec. 22, 2028		Dec. 22, 2028
Principal/ Number of Shares		1,955,000		1,965,000
Cost		$ 1,944,782		$ 1,954,113
Fair Value		$ 1,946,457		$ 1,948,632
Nuvei Technologies Corp. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.35%		8.43%
Maturity Date		Dec. 19, 2030		Dec. 19, 2030
Principal/ Number of Shares		2,073,029		2,100,000
Cost		$ 2,058,029		$ 2,084,250
Fair Value		$ 2,074,335		$ 2,100,336
Olaplex, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Non-durable		Consumer goods: Non-durable
Asset Name		Term Loan (2/22)		Term Loan (2/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.85%		8.93%
Maturity Date		Feb. 23, 2029		Feb. 23, 2029
Principal/ Number of Shares		2,454,830		2,467,387
Cost		$ 2,371,898		$ 2,376,707
Fair Value		$ 2,315,985		$ 2,249,442
Open Text Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (08/23)		Term Loan B (08/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.50%		8.18%
Maturity Date		Jan. 31, 2030		Jan. 31, 2030
Principal/ Number of Shares		929,383		1,380,397
Cost		$ 905,926		$ 1,343,151
Fair Value		$ 933,556		$ 1,381,267
Oxbow Carbon, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Metals & Mining		Metals & Mining
Asset Name		Term Loan B (04/23)		Term Loan B (04/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.75%		9.43%
Maturity Date		May 02, 2030		May 02, 2030
Principal/ Number of Shares		495,000		497,500
Cost		$ 486,345		$ 488,294
Fair Value		$ 493,763		$ 496,669
PACIFIC DENTAL SERVICES, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan B (02//24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0%		0.75%
Current Rate (All In)		8.59%		8.94%
Maturity Date		Mar. 17, 2031		Apr. 21, 2028
Principal/ Number of Shares		1,197,000		895,408
Cost		$ 1,195,755		$ 894,474
Fair Value		$ 1,200,423		$ 893,734
Pacific Gas & Electric [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Utilities: Electric		Utilities: Electric
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.75%		7.83%
Maturity Date		Jun. 23, 2027		Jun. 23, 2027
Principal/ Number of Shares		250,000		250,000
Cost		$ 249,297		$ 248,893
Fair Value		$ 250,730		$ 249,923
PACTIV EVERGREEN GROUP HOLDINGS INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan B4 (05/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		3.25%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		7.75%		8.69%
Maturity Date		Sep. 24, 2028		Sep. 20, 2028
Principal/ Number of Shares		972,562		975,000
Cost		$ 969,935		$ 971,827
Fair Value		$ 972,806		$ 975,994
Padagis LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.33%		10.34%
Maturity Date		Jul. 06, 2028		Jul. 06, 2028
Principal/ Number of Shares		941,176		941,176
Cost		$ 935,248		$ 934,588
Fair Value		$ 863,529		$ 896,471
PAR PETROLEUM LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Energy: Oil & Gas		Energy: Oil & Gas
Asset Name		Term Loan B		Term Loan 2/23
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.06%		9.69%
Maturity Date		Feb. 28, 2030		Feb. 27, 2030
Principal/ Number of Shares		2,471,225		2,483,737
Cost		$ 2,449,026		$ 2,460,184
Fair Value		$ 2,482,345		$ 2,482,198
PATAGONIA HOLDCO LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications		Telecommunications
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5.75%		5.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.85%		11.06%
Maturity Date		Aug. 01, 2029		Aug. 01, 2029
Principal/ Number of Shares		2,962,462		1,975,000
Cost		$ 2,619,094		$ 1,671,950
Fair Value		$ 2,750,764		$ 1,816,013
Pathway Partners Vet Management Company LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.11%		9.19%
Maturity Date		Mar. 31, 2027		Mar. 30, 2027
Principal/ Number of Shares		479,062		481,544
Cost		$ 474,117		$ 475,840
Fair Value		$ 394,714		$ 411,321
PCI Gaming Authority [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.34%		7.94%
Maturity Date		Jul. 18, 2031		May 29, 2026
Principal/ Number of Shares		794,490		794,490
Cost		$ 793,310		$ 793,022
Fair Value		$ 789,238		$ 794,156
PEARLS (Netherlands) Bidco B.V. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		USD Term Loan (02/22)		USD Term Loan (02/22)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.25%		9.06%
Maturity Date		Feb. 28, 2029		Feb. 28, 2029
Principal/ Number of Shares		978,034		982,500
Cost		$ 976,902		$ 981,042
Fair Value		$ 981,095		$ 972,066
PEDIATRIC ASSOCIATES HOLDING COMPANY, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan (12/22)		Term Loan (12/22)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.76%		8.69%
Maturity Date		Dec. 29, 2028		Dec. 29, 2028
Principal/ Number of Shares		1,467,134		1,474,639
Cost		$ 1,463,277		$ 1,470,327
Fair Value		$ 1,424,426		$ 1,325,332
Penn National Gaming, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.10%		8.18%
Maturity Date		May 03, 2029		May 03, 2029
Principal/ Number of Shares		980,000		985,000
Cost		$ 976,649		$ 981,209
Fair Value		$ 982,862		$ 979,720
Peraton Corp. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Aerospace & Defense		Aerospace & Defense
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.10%		9.18%
Maturity Date		Feb. 01, 2028		Feb. 01, 2028
Principal/ Number of Shares		5,208,834		5,236,340
Cost		$ 5,199,099		$ 5,225,013
Fair Value		$ 5,091,635		$ 5,236,340
PHYSICIAN PARTNERS, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		6M USD SOFR+		3M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.56%		9.46%
Maturity Date		Dec. 23, 2028		Dec. 23, 2028
Principal/ Number of Shares		2,943,624		2,958,680
Cost		$ 2,890,193		$ 2,899,926
Fair Value		$ 1,961,925		$ 2,608,254
Pitney Bowes Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.36%		9.44%
Maturity Date		Mar. 17, 2028		Mar. 17, 2028
Principal/ Number of Shares		3,879,773		3,899,823
Cost		$ 3,860,466		$ 3,878,054
Fair Value		$ 3,888,269		$ 3,880,324
Plastipak Holdings Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan B (11/21)		Term Loan B (11/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.85%		7.93%
Maturity Date		Dec. 01, 2028		Dec. 01, 2028
Principal/ Number of Shares		1,795,294		1,795,294
Cost		$ 1,789,892		$ 1,789,191
Fair Value		$ 1,800,752		$ 1,791,309
Playtika Holding Corp. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (3/21)		Term Loan B (3/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.11%		8.19%
Maturity Date		Mar. 13, 2028		Mar. 13, 2028
Principal/ Number of Shares		4,353,750		4,376,250
Cost		$ 4,348,700		$ 4,370,414
Fair Value		$ 4,345,217		$ 4,362,377
PMHC II, INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan (02/22)		Term Loan (02/22)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.70%		9.72%
Maturity Date		Apr. 21, 2029		Apr. 21, 2029
Principal/ Number of Shares		1,965,000		1,975,000
Cost		$ 1,958,391		$ 1,967,432
Fair Value		$ 1,929,041		$ 1,926,968
PointClickCare Technologies, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan (04/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.33%		8.61%
Maturity Date		Dec. 29, 2027		Dec. 29, 2027
Principal/ Number of Shares		483,788		486,250
Cost		$ 482,492		$ 484,831
Fair Value		$ 485,602		$ 485,642
Polymer Process Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.11%		10.19%
Maturity Date		Feb. 12, 2028		Feb. 12, 2028
Principal/ Number of Shares		5,321,250		5,348,750
Cost		$ 5,291,007		$ 5,313,507
Fair Value		$ 5,210,408		$ 5,071,310
Pre-Paid Legal Services, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan (12/21)		Term Loan (12/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.11%		9.19%
Maturity Date		Dec. 15, 2028		Dec. 15, 2028
Principal/ Number of Shares		2,932,500		2,947,500
Cost		$ 2,915,906		$ 2,929,343
Fair Value		$ 2,931,679		$ 2,939,512
Prime Security Services Borrower, LLC (ADT) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan B (04/24)		Term Loan B (10/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD SOFR+
Reference Spread		2.25%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.60%		7.83%
Maturity Date		Oct. 14, 2030		Oct. 11, 2030
Principal/ Number of Shares		1,995,000		2,000,000
Cost		$ 1,976,968		$ 1,980,728
Fair Value		$ 1,997,693		$ 1,998,300
PRIORITY HOLDINGS, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan B (5/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		5.75%
SOFR/LIBOR Floor		0.50%		1%
Current Rate (All In)		10%		11.19%
Maturity Date		May 16, 2031		Apr. 27, 2027
Principal/ Number of Shares		2,917,500		2,925,000
Cost		$ 2,901,080		$ 2,906,770
Fair Value		$ 2,906,559		$ 2,921,344
PriSo Acquisition Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan (01/21)		Term Loan (01/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.84%		8.84%
Maturity Date		Dec. 28, 2027		Dec. 28, 2027
Principal/ Number of Shares		483,741		486,242
Cost		$ 482,538		$ 484,862
Fair Value		$ 470,800		$ 472,311
Project Leopard Holdings, Inc. (NEW) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (06/22)		Term Loan B (06/22)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.60%		10.66%
Maturity Date		Jul. 20, 2029		Jul. 20, 2029
Principal/ Number of Shares		985,000		990,000
Cost		$ 931,439		$ 931,883
Fair Value		$ 842,352		$ 907,711
Propulsion (BC) Finco [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Aerospace & Defense		Aerospace & Defense
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.08%		9.10%
Maturity Date		Sep. 14, 2029		Sep. 14, 2029
Principal/ Number of Shares		746,212		750,000
Cost		$ 739,185		$ 742,504
Fair Value		$ 747,764		$ 748,748
PUG LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan B (03/24)		Term Loan B (02/20)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10%		8.94%
Maturity Date		Mar. 15, 2030		Feb. 12, 2027
Principal/ Number of Shares		468,141		475,176
Cost		$ 467,239		$ 474,168
Fair Value		$ 465,997		$ 466,010
Quartz AcquireCo, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (05/24)		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.08%		8.83%
Maturity Date		Jun. 28, 2030		Jun. 28, 2030
Principal/ Number of Shares		1,241,247		997,500
Cost		$ 1,232,291		$ 988,167
Fair Value		$ 1,240,080		$ 996,253
QUEST BORROWER LIMITED [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan (1/22)		Term Loan (1/22)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.65%		9.71%
Maturity Date		Feb. 01, 2029		Feb. 01, 2029
Principal/ Number of Shares		1,960,000		1,970,000
Cost		$ 1,946,455		$ 1,954,941
Fair Value		$ 1,434,877		$ 1,552,734
Quikrete Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building
Asset Name		Quikrete 3/24 (2031)
Asset Type		Loan
Reference Rate		1M USD SOFR+
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.75%
Maturity Date		Apr. 14, 2031
Principal/ Number of Shares		997,500
Cost		$ 995,095
Fair Value		$ 998,976
R1 RCM INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan (12/23)		Term Loan (12/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.36%		8.36%
Maturity Date		Jun. 21, 2029		Jun. 21, 2029
Principal/ Number of Shares		1,200,000		1,200,000
Cost		$ 1,185,480		$ 1,185,480
Fair Value		$ 1,201,200		$ 1,200,000
R1 RCM INC. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.25%		8.33%
Maturity Date		Jun. 21, 2029		Jun. 21, 2029
Principal/ Number of Shares		1,193,924		1,200,000
Cost		$ 1,180,752		$ 1,185,733
Fair Value		$ 1,195,118		$ 1,200,000
Rackspace Technology Global, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Super-Priority Term Loan (03/24)		Term Loan (1/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		6.25%		2.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		11.65%		8.19%
Maturity Date		May 15, 2028		Feb. 15, 2028
Principal/ Number of Shares		549,664		2,944,353
Cost		$ 544,484		$ 2,869,199
Fair Value		$ 553,237		$ 1,278,173
Rackspace Technology Global, Inc One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries
Asset Name		Term Loan  (3/24)
Asset Type		Loan
Reference Rate		1M USD SOFR+
Reference Spread		2.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.15%
Maturity Date		May 15, 2028
Principal/ Number of Shares		2,050,682
Cost		$ 1,069,197
Fair Value		$ 1,009,961
RAND PARENT LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Cargo		Transportation: Cargo
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		4.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.07%		9.60%
Maturity Date		Mar. 16, 2030		Mar. 16, 2030
Principal/ Number of Shares		2,468,750		2,481,250
Cost		$ 2,393,051		$ 2,400,653
Fair Value		$ 2,464,751		$ 2,476,213
RealPage, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan (04/21)		Term Loan (04/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.36%		8.44%
Maturity Date		Apr. 24, 2028		Apr. 24, 2028
Principal/ Number of Shares		972,500		977,500
Cost		$ 971,632		$ 976,326
Fair Value		$ 931,169		$ 950,501
Rent-A-Center, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan B2 (9/21)		Term Loan B2 (9/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		6M USD SOFR+
Reference Spread		2.75%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8%		9.12%
Maturity Date		Feb. 17, 2028		Feb. 17, 2028
Principal/ Number of Shares		1,850,158		1,860,192
Cost		$ 1,821,756		$ 1,827,856
Fair Value		$ 1,842,073		$ 1,856,323
Research Now Group, Inc Two [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing
Asset Name		Second-Out Term Loan
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		5.50%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.88%
Maturity Date		Jul. 15, 2028
Principal/ Number of Shares		2,901,937
Cost		$ 2,767,804
Fair Value		$ 2,714,762
Research Now Group, Inc One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing
Asset Name		Term Loan (07/24)
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		5%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.38%
Maturity Date		Jul. 15, 2028
Principal/ Number of Shares		340,439
Cost		$ 335,544
Fair Value		$ 342,141
Resideo Funding Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan B (05/24)		Term Loan (1/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2.25%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		7.28%		7.69%
Maturity Date		Feb. 11, 2028		Feb. 11, 2028
Principal/ Number of Shares		674,488		1,458,750
Cost		$ 674,133		$ 1,457,581
Fair Value		$ 676,174		$ 1,454,651
Resolute Investment Managers (American Beacon), Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan (12/23)		Term Loan (12/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		6.50%		6.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		12.10%		12.11%
Maturity Date		Apr. 30, 2027		Apr. 30, 2027
Principal/ Number of Shares		1,958,313		1,968,154
Cost		$ 1,958,313		$ 1,968,154
Fair Value		$ 1,806,544		$ 1,936,172
Restoration Hardware, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan (9/21)		Term Loan (9/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.86%		7.94%
Maturity Date		Oct. 20, 2028		Oct. 20, 2028
Principal/ Number of Shares		3,409,843		3,427,375
Cost		$ 3,406,428		$ 3,422,882
Fair Value		$ 3,135,999		$ 3,328,838
Reynolds Consumer Products LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.10%		7.18%
Maturity Date		Feb. 04, 2027		Jan. 29, 2027
Principal/ Number of Shares		1,057,311		1,117,917
Cost		$ 1,057,311		$ 1,117,917
Fair Value		$ 1,060,747		$ 1,117,078
Russell Investments US Inst’l Holdco, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate	[3]	Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B PIK (3/24)	[3]	Term Loan (10/20)
Asset Type		Loan	[3]	Loan
Reference Rate		3M USD SOFR+	[3]	1M USD SOFR+
Reference Spread		5%	[3]	3.50%
SOFR/LIBOR Floor		1%	[3]	1%
Current Rate (All In)		10.25%	[3]	8.93%
Maturity Date		May 30, 2027	[3]	Jun. 02, 2025
Principal/ Number of Shares		5,748,878	[3]	5,503,217
Cost		$ 5,736,129	[3]	$ 5,487,956
Fair Value		$ 5,022,048	[3]	$ 5,313,356
RV Retailer LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.10%		9.17%
Maturity Date		Feb. 08, 2028		Feb. 08, 2028
Principal/ Number of Shares		2,912,819		2,927,756
Cost		$ 2,879,951		$ 2,890,768
Fair Value		$ 2,598,642		$ 2,728,317
Ryan Specialty Group LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8%		8.08%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares		1,455,934		1,463,497
Cost		$ 1,447,849		$ 1,454,416
Fair Value		$ 1,460,782		$ 1,463,497
S&S HOLDINGS LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD SOFR+
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.44%		10.42%
Maturity Date		Mar. 10, 2028		Mar. 10, 2028
Principal/ Number of Shares		2,421,181		2,433,693
Cost		$ 2,384,525		$ 2,393,141
Fair Value		$ 2,403,022		$ 2,405,560
Sally Holdings LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan  B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.09%		7.58%
Maturity Date		Feb. 28, 2030		Feb. 28, 2030
Principal/ Number of Shares		493,750		496,250
Cost		$ 490,670		$ 492,943
Fair Value		$ 494,984		$ 495,421
Schweitzer-Mauduit International, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.11%		9.19%
Maturity Date		Apr. 20, 2028		Apr. 20, 2028
Principal/ Number of Shares		1,297,546		1,297,546
Cost		$ 1,293,920		$ 1,293,069
Fair Value		$ 1,292,680		$ 1,294,847
Scientific Games Holdings LP [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.32%		8.58%
Maturity Date		Apr. 04, 2029		Apr. 04, 2029
Principal/ Number of Shares		492,500		493,750
Cost		$ 491,808		$ 492,933
Fair Value		$ 490,102		$ 492,516
Sedgwick Claims Management Services, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B 2/23		Term Loan B 2/23
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.25%		9.08%
Maturity Date		Jul. 31, 2031		Feb. 17, 2028
Principal/ Number of Shares		987,500		992,500
Cost		$ 980,180		$ 984,017
Fair Value		$ 988,320		$ 993,294
SETANTA AIRCRAFT LEASING DAC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Aerospace & Defense		Aerospace & Defense
Asset Name		Term Loan B (05/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		1.75%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.08%		7.61%
Maturity Date		Nov. 05, 2028		Nov. 02, 2028
Principal/ Number of Shares		500,000		1,000,000
Cost		$ 499,272		$ 998,338
Fair Value		$ 502,770		$ 1,000,560
Sitel Worldwide Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		USD Term Loan (7/21)		USD Term Loan (7/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.11%		9.19%
Maturity Date		Aug. 28, 2028		Aug. 28, 2028
Principal/ Number of Shares		1,945,000		1,955,000
Cost		$ 1,939,928		$ 1,948,734
Fair Value		$ 1,306,807		$ 1,873,144
SiteOne Landscape Supply, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B (06/24)		Term Loan (3/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		2%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.09%		7.44%
Maturity Date		Mar. 23, 2030		Mar. 18, 2028
Principal/ Number of Shares		1,260,861		1,267,378
Cost		$ 1,256,054		$ 1,261,906
Fair Value		$ 1,259,285		$ 1,267,378
Smyrna Ready Mix Concrete, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.85%		8.82%
Maturity Date		Apr. 01, 2029		Apr. 01, 2029
Principal/ Number of Shares		511,646		514,217
Cost		$ 508,530		$ 510,811
Fair Value		$ 514,844		$ 514,860
Sotheby’s [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan (7/21)		Term Loan (7/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.06%		10.08%
Maturity Date		Jan. 15, 2027		Jan. 15, 2027
Principal/ Number of Shares		3,174,651		3,191,015
Cost		$ 3,148,828		$ 3,159,783
Fair Value		$ 3,099,698		$ 3,159,903
Sparta U.S. HoldCo LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan (04/21)		Term Loan (04/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.59%		8.69%
Maturity Date		Aug. 02, 2030		Aug. 02, 2028
Principal/ Number of Shares		1,950,000		1,960,000
Cost		$ 1,944,437		$ 1,953,602
Fair Value		$ 1,952,750		$ 1,955,453
Specialty Pharma III Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.60%		9.68%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares		1,945,000		1,955,000
Cost		$ 1,934,196		$ 1,942,520
Fair Value		$ 1,886,650		$ 1,857,250
Spin Holdco, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan 3/21		Term Loan 3/21
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.60%		9.62%
Maturity Date		Mar. 04, 2028		Mar. 04, 2028
Principal/ Number of Shares		2,902,500		2,917,500
Cost		$ 2,893,119		$ 2,907,433
Fair Value		$ 2,456,966		$ 2,644,510
SRAM, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan (05/21)		Term Loan (05/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.11%		8.19%
Maturity Date		May 12, 2028		May 12, 2028
Principal/ Number of Shares		2,269,091		2,523,636
Cost		$ 2,267,193		$ 2,521,215
Fair Value		$ 2,267,684		$ 2,517,327
STANDARD INDUSTRIES INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.31%		7.68%
Maturity Date		Sep. 22, 2028		Sep. 22, 2028
Principal/ Number of Shares		415,250		620,250
Cost		$ 412,897		$ 616,132
Fair Value		$ 416,654		$ 619,785
Staples, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Wholesale		Wholesale
Asset Name		Term Loan B		Term Loan (03/19)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		5.75%		5%
SOFR/LIBOR Floor		0.50%		0%
Current Rate (All In)		11.08%		10.44%
Maturity Date		Aug. 23, 2029		Apr. 16, 2026
Principal/ Number of Shares		4,284,976		4,296,252
Cost		$ 4,226,728		$ 4,227,884
Fair Value		$ 3,899,328		$ 4,185,881
Star Parent, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B (09/23)		Term Loan B (09/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.08%		9.35%
Maturity Date		Sep. 30, 2030		Sep. 19, 2030
Principal/ Number of Shares		1,246,875		1,250,000
Cost		$ 1,229,981		$ 1,232,293
Fair Value		$ 1,238,085		$ 1,233,600
Storable, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.75%		8.83%
Maturity Date		Apr. 17, 2028		Apr. 17, 2028
Principal/ Number of Shares		487,500		490,000
Cost		$ 487,162		$ 489,451
Fair Value		$ 488,212		$ 489,084
Superannuation & Investments US LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.11%		9.19%
Maturity Date		Dec. 01, 2028		Dec. 01, 2028
Principal/ Number of Shares		975,000		980,000
Cost		$ 968,696		$ 972,893
Fair Value		$ 973,781		$ 979,510
SupplyOne, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Wholesale
Asset Name		Term Loan B (03/24)
Asset Type		Loan
Reference Rate		1M USD SOFR+
Reference Spread		4.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.50%
Maturity Date		Mar. 27, 2031
Principal/ Number of Shares		498,750
Cost		$ 493,886
Fair Value		$ 502,865
Sweetwater Borrower, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan (8/21)		Term Loan (8/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.61%		9.69%
Maturity Date		Aug. 02, 2028		Aug. 02, 2028
Principal/ Number of Shares		2,150,579		2,197,331
Cost		$ 2,080,124		$ 2,118,286
Fair Value		$ 2,150,579		$ 2,186,345
Syncsort Incorporated [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (10/21)		Term Loan B (10/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.51%		9.59%
Maturity Date		Apr. 24, 2028		Apr. 24, 2028
Principal/ Number of Shares		2,432,469		2,444,975
Cost		$ 2,431,935		$ 2,444,257
Fair Value		$ 2,375,841		$ 2,421,748
Ta TT Buyer LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Asset Name		Term Loan B (6/24)		Term Loan 3/22
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.75%		5%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.08%		10.35%
Maturity Date		Apr. 02, 2029		Apr. 02, 2029
Principal/ Number of Shares		984,957		987,475
Cost		$ 977,435		$ 979,563
Fair Value		$ 982,494		$ 987,060
Tenable Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan B (6/21)		Term Loan B (6/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.11%		8.19%
Maturity Date		Jul. 07, 2028		Jul. 07, 2028
Principal/ Number of Shares		975,000		980,000
Cost		$ 973,834		$ 978,620
Fair Value		$ 975,000		$ 977,962
Teneo Holdings LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (03/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.75%		5.25%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10%		10.68%
Maturity Date		Mar. 13, 2031		Jul. 15, 2025
Principal/ Number of Shares		3,491,250		4,337,912
Cost		$ 3,457,159		$ 4,305,238
Fair Value		$ 3,501,444		$ 4,332,490
Ten-X, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan 5/23		Term Loan 5/23
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		6%		6%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		11.25%		11.33%
Maturity Date		May 25, 2028		May 25, 2028
Principal/ Number of Shares		1,870,000		1,880,000
Cost		$ 1,870,000		$ 1,879,762
Fair Value		$ 1,793,442		$ 1,809,030
The Dun & Bradstreet Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan (01/24)		Term Loan (01/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.03%		8.07%
Maturity Date		Jan. 18, 2029		Jan. 18, 2029
Principal/ Number of Shares		1,145,916		1,148,788
Cost		$ 1,144,580		$ 1,146,995
Fair Value		$ 1,147,165		$ 1,145,629
Thor Industries, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Automotive		Automotive
Asset Name		Term Loan B (06/24)		Term Loan B2
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.50%		8.07%
Maturity Date		Nov. 15, 2030		Nov. 15, 2030
Principal/ Number of Shares		385,981		847,276
Cost		$ 382,541		$ 839,124
Fair Value		$ 386,464		$ 847,276
TIBCO Software Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries
Asset Name		Term Loan  (3/24)
Asset Type		Loan
Reference Rate		3M USD SOFR+
Reference Spread		4.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.83%
Maturity Date		Mar. 24, 2031
Principal/ Number of Shares		500,000
Cost		$ 499,375
Fair Value		$ 501,875
Torrid LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Wholesale		Wholesale
Asset Name		Term Loan 5/21		Term Loan 5/21
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		11.08%		11.11%
Maturity Date		Jun. 14, 2028		Jun. 14, 2028
Principal/ Number of Shares		3,200,528		3,293,297
Cost		$ 2,839,678		$ 2,885,799
Fair Value		$ 2,928,483		$ 2,766,369
TORY BURCH LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Retail		Retail
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.61%		8.69%
Maturity Date		Apr. 15, 2028		Apr. 15, 2028
Principal/ Number of Shares		2,296,247		2,308,083
Cost		$ 2,175,803		$ 2,173,521
Fair Value		$ 2,299,117		$ 2,279,878
Tosca Services, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Containers, Packaging & Glass		Containers, Packaging & Glass
Asset Name		Term Loan (2/21)		Term Loan (2/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.09%		9.07%
Maturity Date		Aug. 18, 2027		Aug. 18, 2027
Principal/ Number of Shares				485,000
Cost		$ 3,395		$ 481,026
Fair Value				$ 403,360
Trans Union LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B7 (02/24)		Term Loan B7 (02/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.25%		7.33%
Maturity Date		Dec. 01, 2028		Dec. 01, 2028
Principal/ Number of Shares		607,510		609,032
Cost		$ 606,739		$ 608,154
Fair Value		$ 607,783		$ 608,161
TRITON WATER HOLDINGS, INC. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Beverage, Food & Tobacco		Beverage, Food & Tobacco
Asset Name		Term Loan (03/21)		Term Loan (03/21)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.85%		8.86%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares		1,455,004		1,462,504
Cost		$ 1,450,794		$ 1,457,793
Fair Value		$ 1,454,015		$ 1,435,389
Tronox Finance LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.10%		7.94%
Maturity Date		Mar. 10, 2028		Mar. 10, 2028
Principal/ Number of Shares		346,923		346,923
Cost		$ 346,566		$ 346,548
Fair Value		$ 347,482		$ 345,584
Tronox Finance LLC One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Term Loan B (04/24)		Incremental Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		3M USD SOFR+
Reference Spread		2.75%		3.50%
SOFR/LIBOR Floor		0%		0.50%
Current Rate (All In)		8%		8.85%
Maturity Date		Apr. 04, 2029		Aug. 11, 2028
Principal/ Number of Shares		1,995,000		2,000,000
Cost		$ 1,977,881		$ 1,981,659
Fair Value		$ 1,999,529		$ 1,997,500
TruGreen Limited Partnership [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.35%		9.43%
Maturity Date		Nov. 02, 2027		Oct. 29, 2027
Principal/ Number of Shares		939,891		944,761
Cost		$ 936,336		$ 940,433
Fair Value		$ 911,694		$ 912,034
Uber Technologies, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Transportation: Consumer		Transportation: Consumer
Asset Name		Term Loan 2/23		Term Loan 2/23
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.09%		8.13%
Maturity Date		Mar. 03, 2030		Mar. 03, 2030
Principal/ Number of Shares		392,938		395,438
Cost		$ 392,073		$ 394,559
Fair Value		$ 394,368		$ 396,284
Ultra Clean Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term loan (03/24)		Incremental Term Loan 3/21
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.75%		9.19%
Maturity Date		Feb. 25, 2028		Aug. 27, 2025
Principal/ Number of Shares		1,249,372		763,480
Cost		$ 1,245,946		$ 761,941
Fair Value		$ 1,253,283		$ 764,755
Unimin Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Metals & Mining		Metals & Mining
Asset Name		Term Loan (12/20)		Term Loan (12/20)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		9.58%		9.59%
Maturity Date		Jul. 31, 2026		Jul. 31, 2026
Principal/ Number of Shares		496,815		496,815
Cost		$ 484,461		$ 481,603
Fair Value		$ 492,622		$ 494,207
Univision Communications Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Asset Name		Term Loan B (05/24)		Term Loan B (6/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3.50%		3.25%
SOFR/LIBOR Floor		0.50%		0.75%
Current Rate (All In)		8.86%		8.69%
Maturity Date		Jan. 31, 2029		Mar. 15, 2026
Principal/ Number of Shares		2,415,600		2,421,809
Cost		$ 2,412,837		$ 2,418,336
Fair Value		$ 2,340,861		$ 2,418,031
Univision Communications Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Broadcasting & Subscription		Media: Broadcasting & Subscription
Asset Name		Term Loan B (6/22)		Term Loan B (6/22)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.58%		9.60%
Maturity Date		Jun. 25, 2029		Jun. 25, 2029
Principal/ Number of Shares		245,000		246,250
Cost		$ 239,412		$ 240,243
Fair Value		$ 241,786		$ 246,250
Vaco Holdings, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan (01/22)		Term Loan (01/22)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		6M USD SOFR+
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.48%		10.43%
Maturity Date		Jan. 19, 2029		Jan. 19, 2029
Principal/ Number of Shares		2,306,722		2,318,552
Cost		$ 2,253,639		$ 2,260,590
Fair Value		$ 2,224,834		$ 2,287,251
Vericast Corp. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Media: Advertising, Printing & Publishing	[3]	Media: Advertising, Printing & Publishing	[4]
Asset Name		Extended Term Loan (07/24)	[3]	Term Loan (12/23)	[4]
Asset Type		Loan	[3]	Loan	[4]
Reference Rate		3M USD SOFR+	[3]	3M USD SOFR+	[4]
Reference Spread		7.75%	[3]	7.75%	[4]
SOFR/LIBOR Floor		1%	[3]	0%	[4]
Current Rate (All In)		13.03%	[3]	13.36%	[4]
Maturity Date		Jun. 15, 2030	[3]	Jun. 16, 2026	[4]
Principal/ Number of Shares		1,284,849	[3]	1,208,512	[4]
Cost		$ 1,284,111	[3]	$ 1,207,739	[4]
Fair Value		$ 1,238,273	[3]	$ 1,111,831	[4]
Verifone Systems, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan (7/18)		Term Loan (7/18)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.33%		9.59%
Maturity Date		Aug. 20, 2025		Aug. 20, 2025
Principal/ Number of Shares		1,346,600		1,353,744
Cost		$ 1,345,165		$ 1,351,272
Fair Value		$ 1,212,707		$ 1,170,988
Vertex Aerospace Services Corp [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Aerospace & Defense		Aerospace & Defense
Asset Name		Term Loan (10/21)		Term Loan (10/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8%		8.68%
Maturity Date		Dec. 06, 2030		Dec. 06, 2028
Principal/ Number of Shares		977,625		982,538
Cost		$ 974,960		$ 979,566
Fair Value		$ 980,763		$ 982,459
Viasat Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications		Telecommunications
Asset Name		Term Loan (2/22)		Term Loan (2/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.75%		9.83%
Maturity Date		Mar. 05, 2029		Mar. 05, 2029
Principal/ Number of Shares		2,952,318		2,967,381
Cost		$ 2,898,449		$ 2,908,179
Fair Value		$ 2,751,442		$ 2,909,903
Virtus Investment Partners, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan B (9/21)		Term Loan B (9/21)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.61%		7.69%
Maturity Date		Sep. 28, 2028		Sep. 28, 2028
Principal/ Number of Shares		2,753,864		2,823,409
Cost		$ 2,748,805		$ 2,817,201
Fair Value		$ 2,753,864		$ 2,819,880
Vistra Operations Company LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Energy: Electricity		Energy: Electricity
Asset Name		2018 Incremental Term Loan		2018 Incremental Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.25%		7.33%
Maturity Date		Dec. 20, 2030		Dec. 20, 2030
Principal/ Number of Shares		1,879,946		1,889,393
Cost		$ 1,873,141		$ 1,880,083
Fair Value		$ 1,884,307		$ 1,880,135
VM Consolidated, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Construction & Building		Construction & Building
Asset Name		Term Loan B (01/24)		Term Loan B (01/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8%		8.08%
Maturity Date		Mar. 24, 2028		Mar. 24, 2028
Principal/ Number of Shares		1,829,589		1,841,374
Cost		$ 1,829,053		$ 1,840,186
Fair Value		$ 1,838,737		$ 1,843,676
Vouvray US Finance LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		6%		6%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.25%		11.33%
Maturity Date		Sep. 30, 2025		Sep. 30, 2025
Principal/ Number of Shares		463,750		466,250
Cost		$ 463,750		$ 466,250
Fair Value		$ 480,561		$ 472,078
Walker & Dunlop, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan		Term Loan B (12/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.60%		8.43%
Maturity Date		Dec. 15, 2028		Dec. 15, 2028
Principal/ Number of Shares		493,734		496,250
Cost		$ 486,123		$ 487,839
Fair Value		$ 494,968		$ 495,009
Warner Music Group Corp. (WMG Acquisition Corp.) [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		First Lien TL I (01/24)		First Lien TL I (01/24)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.25%		7.33%
Maturity Date		Jan. 24, 2031		Jan. 24, 2031
Principal/ Number of Shares		1,250,000		1,250,000
Cost		$ 1,249,979		$ 1,249,906
Fair Value		$ 1,250,388		$ 1,247,463
Watlow Electric Manufacturing Company [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B		Term Loan B
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.26%		9.33%
Maturity Date		Mar. 02, 2028		Mar. 02, 2028
Principal/ Number of Shares		2,751,011		2,831,632
Cost		$ 2,742,871		$ 2,822,010
Fair Value		$ 2,764,766		$ 2,826,337
WeddingWire, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Consumer		Services: Consumer
Asset Name		Term Loan (09/23)		Term Loan (09/23)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.75%		9.82%
Maturity Date		Jan. 29, 2028		Jan. 29, 2028
Principal/ Number of Shares		4,796,901		4,808,923
Cost		$ 4,795,317		$ 4,806,669
Fair Value		$ 4,802,897		$ 4,784,879
WEX Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Services: Business		Services: Business
Asset Name		Term Loan		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.25%		7.33%
Maturity Date		Apr. 01, 2028		Mar. 31, 2028
Principal/ Number of Shares		2,909,811		2,924,849
Cost		$ 2,904,166		$ 2,918,448
Fair Value		$ 2,917,609		$ 2,919,379
Windsor Holdings III, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Chemicals, Plastics, & Rubber		Chemicals, Plastics, & Rubber
Asset Name		Windsor Holdings III TL		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4%		4.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.31%		9.82%
Maturity Date		Aug. 01, 2030		Aug. 01, 2030
Principal/ Number of Shares		497,500		500,000
Cost		$ 497,500		$ 500,000
Fair Value		$ 498,898		$ 500,390
Wyndham Hotels & Resorts, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Hotel, Gaming & Leisure		Hotel, Gaming & Leisure
Asset Name		Term Loan (05/24)		Term Loan  5/23
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.75%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7%		7.68%
Maturity Date		May 24, 2030		May 24, 2030
Principal/ Number of Shares		992,500		995,000
Cost		$ 988,332		$ 990,380
Fair Value		$ 993,125		$ 996,124
Xperi Corporation [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		High Tech Industries		High Tech Industries
Asset Name		Term Loan B (05/24)		Term Loan
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		3%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.34%		8.94%
Maturity Date		Jun. 08, 2028		Jun. 08, 2028
Principal/ Number of Shares		1,906,238		1,983,094
Cost		$ 1,903,614		$ 1,979,717
Fair Value		$ 1,909,822		$ 1,977,303
Zayo Group, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Telecommunications		Telecommunications
Asset Name		Term Loan 4/22		Term Loan 4/22
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.50%		9.65%
Maturity Date		Mar. 09, 2027		Mar. 09, 2027
Principal/ Number of Shares		977,500		982,500
Cost		$ 962,949		$ 965,514
Fair Value		$ 906,221		$ 884,555
ZEBRA BUYER (Allspring) LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Banking, Finance, Insurance & Real Estate		Banking, Finance, Insurance & Real Estate
Asset Name		Term Loan 4/21		Term Loan 4/21
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		3M USD SOFR+
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.89%		8.89%
Maturity Date		Nov. 01, 2028		Nov. 01, 2028
Principal/ Number of Shares		1,857,011		1,866,509
Cost		$ 1,849,307		$ 1,857,862
Fair Value		$ 1,850,344		$ 1,862,142
Zekelman Industries, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Metals & Mining		Metals & Mining
Asset Name		Term Loan B (03/24)		Term Loan (01/20)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		2.25%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.56%		7.44%
Maturity Date		Jan. 24, 2031		Jan. 25, 2027
Principal/ Number of Shares		1,450,394		954,029
Cost		$ 1,449,269		$ 954,029
Fair Value		$ 1,452,656		$ 953,733
Zest Acquisition Corp. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Healthcare & Pharmaceuticals		Healthcare & Pharmaceuticals
Asset Name		Term Loan (1/23)		Term Loan (1/23)
Asset Type		Loan		Loan
Reference Rate		3M USD SOFR+		1M USD SOFR+
Reference Spread		5.25%		5.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.51%		10.83%
Maturity Date		Feb. 08, 2028		Feb. 08, 2028
Principal/ Number of Shares		1,970,000		1,980,000
Cost		$ 1,896,997		$ 1,897,656
Fair Value		$ 1,973,704		$ 1,940,400
Zodiac Pool Solutions [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry		Consumer goods: Durable		Consumer goods: Durable
Asset Name		Term Loan (1/22)		Term Loan (1/22)
Asset Type		Loan		Loan
Reference Rate		1M USD SOFR+		1M USD SOFR+
Reference Spread		1.93%		1.93%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.27%		7.35%
Maturity Date		Jan. 29, 2029		Jan. 29, 2029
Principal/ Number of Shares		487,500		490,000
Cost		$ 486,880		$ 489,237
Fair Value		$ 487,193		$ 488,772
AIS HoldCo, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Services: Business
Asset Name				Term Loan
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				5%
SOFR/LIBOR Floor				0%
Current Rate (All In)				10.57%
Maturity Date				Aug. 15, 2025
Principal/ Number of Shares				4,551,925
Cost				$ 4,499,117
Fair Value				$ 4,392,607
Alchemy US Holdco 1, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Metals & Mining
Asset Name				Term Loan
Asset Type				Loan
Reference Rate				1M USD LIBOR+
Reference Spread				7.32%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.42%
Maturity Date				Oct. 10, 2025
Principal/ Number of Shares				1,654,803
Cost				$ 1,647,646
Fair Value				$ 1,646,943
ANI Pharmaceuticals, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Healthcare & Pharmaceuticals
Asset Name				Term Loan B
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				6%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				11.44%
Maturity Date				Nov. 19, 2027
Principal/ Number of Shares				2,940,000
Cost				$ 2,901,304
Fair Value				$ 2,940,000
Arches Buyer Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Services: Consumer
Asset Name				Term Loan B
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.68%
Maturity Date				Dec. 06, 2027
Principal/ Number of Shares				1,469,697
Cost				$ 1,463,299
Fair Value				$ 1,405,398
Asplundh Tree Expert, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Services: Business
Asset Name				Term Loan 2/21
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.18%
Maturity Date				Sep. 07, 2027
Principal/ Number of Shares				967,500
Cost				$ 965,030
Fair Value				$ 966,068
AssuredPartners Capital, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Banking, Finance, Insurance & Real Estate
Asset Name				Term Loan B (2/20)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.94%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares				979,592
Cost				$ 977,377
Fair Value				$ 979,866
Assuredpartners Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Banking, Finance, Insurance & Real Estate
Asset Name				Incremental Term Loan (7/21)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.94%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares				975,000
Cost				$ 975,000
Fair Value				$ 975,000
Axalta Coating Systems US Holdings [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Chemicals, Plastics, & Rubber
Asset Name				Term Loan B (08/23)
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.85%
Maturity Date				Dec. 20, 2029
Principal/ Number of Shares				867,888
Cost				$ 860,595
Fair Value				$ 868,183
Baldwin Risk Partners, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Banking, Finance, Insurance & Real Estate
Asset Name				Term Loan
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.94%
Maturity Date				Oct. 14, 2027
Principal/ Number of Shares				1,960,048
Cost				$ 1,946,212
Fair Value				$ 1,946,171
Barnes Group Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Aerospace & Defense
Asset Name				Term Loan B
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.43%
Maturity Date				Aug. 09, 2030
Principal/ Number of Shares				249,375
Cost				$ 247,649
Fair Value				$ 249,500
Bausch Health Companies Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Healthcare & Pharmaceuticals
Asset Name				Term Loan B (1/22)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				5.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.67%
Maturity Date				Feb. 01, 2027
Principal/ Number of Shares				1,850,000
Cost				$ 1,710,365
Fair Value				$ 1,465,552
Blue Tree Holdings, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Chemicals, Plastics, & Rubber
Asset Name				Term Loan (2/21)
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.11%
Maturity Date				Mar. 04, 2028
Principal/ Number of Shares				972,500
Cost				$ 971,083
Fair Value				$ 967,229
Catalent Pharma Solutions, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Healthcare & Pharmaceuticals
Asset Name				Term Loan B4
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.32%
Maturity Date				Feb. 22, 2028
Principal/ Number of Shares				600,000
Cost				$ 595,597
Fair Value				$ 601,500
Catalent Pharma Solutions, Inc. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Healthcare & Pharmaceuticals
Asset Name				Term Loan B3 (2/21)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				2%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.43%
Maturity Date				Feb. 22, 2028
Principal/ Number of Shares				598,462
Cost				$ 587,525
Fair Value				$ 597,588
Cengage Learning, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Media: Advertising, Printing & Publishing
Asset Name				Term Loan B (6/21)
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				4.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.33%
Maturity Date				Jul. 14, 2026
Principal/ Number of Shares				2,932,500
Cost				$ 2,917,832
Fair Value				$ 2,930,682
CenturyLink, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Telecommunications
Asset Name				Term Loan B (1/20)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.69%
Maturity Date				Mar. 15, 2027
Principal/ Number of Shares				3,838,165
Cost				$ 3,835,627
Fair Value				$ 2,781,480
Daseke Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Transportation: Cargo
Asset Name				Term Loan 2/21
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				4%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.44%
Maturity Date				Mar. 05, 2028
Principal/ Number of Shares				1,162,500
Cost				$ 1,159,080
Fair Value				$ 1,162,860
Delos Aircraft DAC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Transportation: Consumer
Asset Name				Term Loan B
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.35%
Maturity Date				Oct. 31, 2027
Principal/ Number of Shares				250,000
Cost				$ 250,000
Fair Value				$ 250,438
Electrical Components Inter., Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Capital Equipment
Asset Name				Term Loan (6/18)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.68%
Maturity Date				Jun. 26, 2025
Principal/ Number of Shares				1,868,421
Cost				$ 1,868,421
Fair Value				$ 1,861,415
Emerson Climate Technologies Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Services: Business
Asset Name				Term Loan B (04/23)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.79%
Maturity Date				May 31, 2030
Principal/ Number of Shares				1,000,000
Cost				$ 995,376
Fair Value				$ 997,250
Endo Luxembourg Finance Company I S.a.r.l. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Healthcare & Pharmaceuticals
Asset Name				Term Loan (3/21)
Asset Type				Loan
Reference Rate				Prime
Reference 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				$ 2,330,451
Fair Value				$ 1,522,606
Flutter Financing B.V. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Hotel, Gaming & Leisure
Asset Name				Term Loan B3 (11/23)
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.70%
Maturity Date				Nov. 25, 2030
Principal/ Number of Shares				3,000,000
Cost				$ 2,992,850
Fair Value				$ 2,984,370
Harbor Freight Tools USA, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Retail
Asset Name				Term Loan B (06/21)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.19%
Maturity Date				Oct. 19, 2027
Principal/ Number of Shares				3,344,665
Cost				$ 3,330,419
Fair Value				$ 3,319,212
Helix Gen Funding, LLc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Energy: Electricity
Asset Name				Term Loan
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				4.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.10%
Maturity Date				Dec. 31, 2027
Principal/ Number of Shares				932,597
Cost				$ 915,944
Fair Value				$ 933,763
Hilton Grand Vacations Borrower LLC One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Hotel, Gaming & Leisure
Asset Name				Term Loan B
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference 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
INSTANT BRANDS HOLDINGS INC. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry	[6]			Consumer goods: Durable
Asset Name	[6]			Term Loan 4/21
Asset Type	[6]			Loan
Reference Rate	[6]			Prime
Reference Spread	[6]			4%
SOFR/LIBOR Floor	[6]			0.75%
Current Rate (All In)	[6]			14.50%
Maturity Date	[6]			Apr. 07, 2028
Principal/ Number of Shares	[6]			3,942,576
Cost	[6]			$ 3,929,234
Fair Value	[6]			$ 256,267
INSTANT BRANDS HOLDINGS INC. Two [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry	[3]			Consumer goods: Durable
Asset Name	[3]			PIK DIP Term Loan
Asset Type	[3]			Loan
Reference Rate	[3]			1M USD SOFR+
Reference Spread	[3]			3%
SOFR/LIBOR Floor	[3]			1%
Current Rate (All In)	[3]			15.45%
Maturity Date	[3]			Jan. 31, 2024
Principal/ Number of Shares	[3]			1,523,653
Cost	[3]			$ 1,523,115
Fair Value	[3]			$ 1,557,935
LSF11 A5 HOLDCO LLC One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Chemicals, Plastics, & Rubber
Asset Name				Term Loan
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.94%
Maturity Date				Oct. 16, 2028
Principal/ Number of Shares				245,625
Cost				$ 244,848
Fair Value				$ 244,473
Mermaid Bidco Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				High Tech Industries
Asset Name				Term Loan B2
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				4.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.88%
Maturity Date				Dec. 22, 2027
Principal/ Number of Shares				1,966,412
Cost				$ 1,947,595
Fair Value				$ 1,968,870
New Trojan Parent, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry	[4]			Consumer goods: Durable
Asset Name	[4]			Term Loan
Asset Type	[4]			Loan
Reference Rate	[4]			1M USD SOFR+
Reference Spread	[4]			5.25%
SOFR/LIBOR Floor	[4]			0.50%
Current Rate (All In)	[4]			10.69%
Maturity Date	[4]			Jan. 06, 2028
Principal/ Number of Shares	[4]
Cost	[4]			$ 40,239
Fair Value	[4]
Nouryon Finance B.V. One [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Chemicals, Plastics, & Rubber
Asset Name				Term Loan (05/23)
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				4%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.42%
Maturity Date				Apr. 03, 2028
Principal/ Number of Shares				498,747
Cost				$ 494,084
Fair Value				$ 498,228
Organon & Co. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Healthcare & Pharmaceuticals
Asset Name				Term Loan USD
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.43%
Maturity Date				Jun. 02, 2028
Principal/ Number of Shares				2,118,750
Cost				$ 2,112,577
Fair Value				$ 2,120,085
Presidio, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Services: Business
Asset Name				Term Loan B (1/20)
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.91%
Maturity Date				Jan. 22, 2027
Principal/ Number of Shares				482,500
Cost				$ 482,164
Fair Value				$ 483,103
Reynolds Group Holdings Inc.[Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Containers, Packaging & Glass
Asset Name				Term Loan B2
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.69%
Maturity Date				Feb. 05, 2026
Principal/ Number of Shares				1,933,578
Cost				$ 1,929,763
Fair Value				$ 1,936,692
SMG US Midco 2, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Services: Business
Asset Name				Term Loan (01/20)
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.07%
Maturity Date				Jan. 23, 2025
Principal/ Number of Shares				480,000
Cost				$ 480,000
Fair Value				$ 479,702
Transdigm, Inc. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Aerospace & Defense
Asset Name				Term Loan H
Asset Type				Loan
Reference Rate				3M USD SOFR+
Reference Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.60%
Maturity Date				Feb. 22, 2027
Principal/ Number of Shares				1,973,436
Cost				$ 1,970,279
Fair Value				$ 1,977,580
United Natural Foods, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Beverage, Food & Tobacco
Asset Name				Term Loan B
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.69%
Maturity Date				Oct. 22, 2025
Principal/ Number of Shares				1,241,834
Cost				$ 1,218,443
Fair Value				$ 1,239,922
Utz Quality Foods, LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Beverage, Food & Tobacco
Asset Name				Term Loan B
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.44%
Maturity Date				Jan. 20, 2028
Principal/ Number of Shares				1,478,977
Cost				$ 1,478,749
Fair Value				$ 1,478,252
VFH Parent LLC [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Banking, Finance, Insurance & Real Estate
Asset Name				Term Loan (01/22)
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.43%
Maturity Date				Jan. 12, 2029
Principal/ Number of Shares				2,975,130
Cost				$ 2,970,557
Fair Value				$ 2,970,667
Vizient, Inc [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Healthcare & Pharmaceuticals
Asset Name				Term Loan 4/22
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.68%
Maturity Date				May 16, 2029
Principal/ Number of Shares				492,500
Cost				$ 488,534
Fair Value				$ 492,731
WildBrain Ltd. [Member]
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Industry				Media: Diversified & Production
Asset Name				Term Loan
Asset Type				Loan
Reference Rate				1M USD SOFR+
Reference Spread				4.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.69%
Maturity Date				Mar. 27, 2028
Principal/ Number of Shares				3,005,025
Cost				$ 2,952,048
Fair Value				$ 2,899,849
[1]Included within cash and cash equivalents in Saratoga CLO’s Statements of Assets and Liabilities as of August 31, 2024.[2]Included within cash and cash equivalents in Saratoga CLO’s Statements of Assets and Liabilities as of February 29, 2024.[3]Investments include Payment-in-Kind Interest.[4]Investments include Payment-in-Kind Interest.[5]As of August 31, 2024, the investment was in default and on non-accrual status.[6]As of February 29, 2024, the investment was in default and on non-accrual status.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Income Taxes [Line Items]
Owned percentage			100%
U.S. federal tax percentage			21%
Deferred tax assets	$ 1,700		$ 1,700
Deferred tax expense (benefit)	200	$ 200	600	$ 200
Income tax provision/benefit	0	0	0	0
Realized gain loss on investment	$ 120	$ 200	$ 60	$ 200

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	May 31, 2024	Feb. 29, 2024
Schedule of Deferred Tax Assets and Liabilities [Abstract]
Total deferred tax assets	$ 1,775,324	$ 2,650,580
Total deferred tax liabilities	(4,522,183)	(3,901,995)
Valuation allowance on net deferred tax assets	(1,671,021)	(2,539,735)
Net deferred tax liability	$ (4,417,880)	$ (3,791,150)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Federal and State Income Tax Provisions Benefit - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Current
Federal
State
Net current expense
Deferred
Federal	268,114	(23,832)	590,581	(38,741)
State	12,993	7,708	36,150	8,680
Net deferred expense	281,107	(16,124)	626,731	(30,060)
Net tax provision	$ 281,107	$ (16,124)	$ 626,731	$ (30,060)

Agreements and Related Party _2

Agreements and Related Party Transactions (Details) - USD ($)							1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 31, 2024	Aug. 01, 2024	Jun. 10, 2024	Feb. 29, 2024	Aug. 11, 2021	Jul. 30, 2010	Feb. 26, 2021	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Oct. 28, 2022	Nov. 30, 2021	Oct. 26, 2021	Aug. 09, 2021	Dec. 14, 2018	Jul. 13, 2018
Agreements and Related Party Transactions [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 our 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% 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% 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								$ 4,800,000	$ 4,800,000	$ 9,700,000	$ 9,400,000
Incentive fees										8,100,000	6,500,000
Incentive fees capital								0	(800,000)	0	(3,900,000)
Management fees accrual										4,800,000
Incentive fees accrual										4,600,000
Administrator expenses								1,100,000	900,000	2,200,000	1,800,000
Upsized from assets	$ 48,341,503			$ 91,270,036				48,341,503		48,341,503						$ 500,000,000
Aggregate principal amount												$ 402,100,000
Transaction cost paid			$ 500,000
Realized loss								120,000	200,000	60,000	200,000
Issuer issued			$ 422,500,000
Interest income								0	0	1,600,000	1,600,000
Voting interest percentage														50%
Dividend income									3,400,000	1,500,000
Dividend receivable	0							$ 0	0	0	0
Share percentage								87.50%
Price per share (in Dollars per share)																	$ 25
Interest Receivable [Member]
Agreements and Related Party Transactions [Line Items]
Interest income								$ 400,000
Maximum [Member]
Agreements and Related Party Transactions [Line Items]
Management fee				5,000,000
Minimum [Member]
Agreements and Related Party Transactions [Line Items]
Incentive fees accrual				3,200,000
Minimum [Member] | Unsecured Debt [Member]
Agreements and Related Party Transactions [Line Items]
Unsecured loan	16,300,000							16,300,000		16,300,000
Saratoga CLO [Member]
Agreements and Related Party Transactions [Line Items]
Incentive fees										1,200,000
Upsized from assets																$ 300,000,000
Newly issued subordinated notes							$ 14,000,000
Transaction cost paid							2,600,000
Outstanding receivable amount													$ 2,600,000
Interest income								800,000	800,000
Saratoga CLO [Member] | Maximum [Member]
Agreements and Related Party Transactions [Line Items]
Upsized from assets							650,000,000
Saratoga CLO [Member] | Minimum [Member]
Agreements and Related Party Transactions [Line Items]
Upsized from assets							500,000,000
Class F-R-3 Notes Tranche [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount							17,900,000
Class F-R-2 Notes Tranche [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount							2,500,000
Class G-R-2 Notes Tranche [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount							7,500,000
SLF JV [Member] | Fair Value [Member]
Agreements and Related Party Transactions [Line Items]
Investment fair value	21,400,000							21,400,000		21,400,000
Pre-Incentive Fee [Member]
Agreements and Related Party Transactions [Line Items]
Incentive fees								4,600,000	3,300,000
Class F-R-3 Notes [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount															$ 17,900,000
Class F-1-R-3 Notes [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount															8,500,000
Realized loss					$ 100,000
Class F-2-R-3 Notes [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount															$ 9,400,000
SLF JV [Member]
Agreements and Related Party Transactions [Line Items]
Interest income										900,000	900,000
Membership Interest	5,100,000							5,100,000		5,100,000
Dividend income										2,200,000
Dividend receivable	$ 0							$ 0		$ 0
Price per share (in Dollars per share)	$ 12,250,000							$ 12,250,000		$ 12,250,000
SLF JV [Member] | Interest Receivable [Member]
Agreements and Related Party Transactions [Line Items]
Interest income										$ 200,000	$ 200,000
SLF JV One [Member]
Agreements and Related Party Transactions [Line Items]
Interest income									400,000
Dividend income								$ 900,000
Dividend receivable	$ 0							0		$ 0
SLF JV One [Member] | Interest Receivable [Member]
Agreements and Related Party Transactions [Line Items]
Interest income								$ 200,000	$ 200,000
Management Agreement [Member]
Agreements and Related Party Transactions [Line Items]
Incentive fee capital gains percentage										20%
Administration Agreements [Member]
Agreements and Related Party Transactions [Line Items]
Administrator expenses	$ 800,000			$ 500,000
Administration Agreements [Member] | Maximum [Member]
Agreements and Related Party Transactions [Line Items]
Reimbursement of expenses		$ 5,000,000
Administration Agreements [Member] | Minimum [Member]
Agreements and Related Party Transactions [Line Items]
Reimbursement of expenses		$ 4,300,000
Warehouse [Member]
Agreements and Related Party Transactions [Line Items]
Repaid loan							$ 25,000,000

Borrowings (Details) - Details

Borrowings (Details) - Details 1 - USD ($)																			1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 27, 2023	Dec. 21, 2022	Dec. 13, 2022	Nov. 10, 2022	Oct. 27, 2022	Sep. 08, 2022	Aug. 15, 2022	May 10, 2022	Apr. 27, 2022	Jan. 19, 2022	Oct. 04, 2021	Jul. 15, 2021	Mar. 10, 2021	Jan. 28, 2021	Dec. 29, 2020	Jul. 09, 2020	Apr. 16, 2019	Jul. 13, 2018	Mar. 23, 2018	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Feb. 29, 2024	Mar. 27, 2025	Oct. 28, 2022	Jul. 30, 2010	May 01, 2007	Apr. 11, 2007
Borrowings (Details) - Details 1 [Line Items]
Employ leverage, percentage																						200%
Asset coverage ratio																						159.60%		161.10%
Interest rate, description																						The Revolving Credit Facilities, SBA Debentures, 8.75% Notes Payable 2025, 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)		$ (110,056)
Securitized credit facility																				52,500,000		52,500,000		$ 35,000,000
Administrative agent fee																				1,133,333	904,167	2,208,333	1,722,917
Financing costs																						1,198,831	4,085,214
Interest expense																				$ 30,000	$ 0	50,000	0
Amortization of deferred financing cost																						$ 200,000	$ 300,000
Outstanding percentage rate																				9.89%	9.75%	9.89%	9.75%
Line of credit facility minimum drawn amount																				$ 87,900,000		$ 87,900,000
Commitment amount																						50,000,000
Customary fee																						$ 150,000,000
Percentage of lender																						100%
Investment percentage																				25%		25%
Credit agreement unused commitment, percentage																						0.50%
Interest expense debt																						$ 800,000
Deferred financing costs																				$ 100,000		100,000
Line of credit facility current borrowing capacity																				75,000,000		75,000,000
Aggregate principal amount																										$ 402,100,000
Net income taxes																						88,955	$ 4,852
Borrowing amount																				350,000,000		350,000,000
Debentures outstanding amount																						214,000,000		214,000,000
Fair value																				5,000,000		5,000,000
Deferred financing costs																						$ 400,000
Offering costs incurred					$ 200,000
Underwriting commissions																		$ 1,150,000
Level 3 Liability [Member]
Borrowings (Details) - Details 1 [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 $6.0 million, and $0.4 million related to the SBA debentures issued by SBIC II LP and SBIC III LP, respectively, have been capitalized and are being amortized over the term of the commitment and drawdown.
SBIC Subsidiaries [Member]
Borrowings (Details) - Details 1 [Line Items]
Tangible net																				24,000,000		$ 24,000,000
Net income taxes																						$ 8,000,000
Debt instrument, description																						The 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).
SBA Debentures [Member]
Borrowings (Details) - Details 1 [Line Items]
Amortization of deferred financing cost																						$ 500,000	500,000
Additional long-term capital																				175,000,000		175,000,000
Debentures outstanding amount																				214,000,000	$ 202,600,000	214,000,000	202,300,000
Interest expense																				$ 1,800,000	$ 1,500,000	$ 3,600,000	$ 2,900,000
Weighted average interest rate																				3.34%	2.90%	3.35%	2.89%
7.75% 2025 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				$ 5,000,000	$ 5,000,000	$ 5,000,000	$ 5,000,000
Financing costs																$ 300,000
Interest expense																				$ 100,000	100,000	$ 20,000	20,000
Aggregate principal amount																$ 5,000,000								5,000,000
Principal amount, percentage																7.75%
Net proceeds amount																$ 4,800,000
Deducting underwriting commissions amount																200,000
Offering costs																$ 100,000
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
Fair value																								5,000,000
Deferred financing costs																				$ 10,000	10,000	$ 200,000	200,000
6.25% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				15,000,000	15,000,000	15,000,000	15,000,000
Financing costs														$ 400,000	$ 100,000
Interest expense																				200,000	200,000	500,000	500,000
Aggregate principal amount														10,000,000	5,000,000					15,000,000		15,000,000
Net proceeds amount														9,700,000
Deducting underwriting commissions amount														300,000
Offering costs														$ 100,000	$ 100,000
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
Deferred financing costs																				20,000	20,000	$ 40,000	40,000
Per share (in Dollars per share)																						$ 25
Outstanding fair value																				14,400,000		$ 14,400,000
Four Point Three Seven Five Percentage Two thousand Twenty Six [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				175,000,000	175,000,000	175,000,000	175,000,000
Financing costs												$ 2,700,000	$ 1,300,000
Interest expense																						3,800,000	3,800,000
Aggregate principal amount												125,000,000	50,000,000							175,000,000		175,000,000		175,000,000
Net proceeds amount												123,800,000	49,000,000
Deducting underwriting commissions amount													$ 1,000,000
Offering costs												$ 200,000
Fixed interest, description													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.
Fair value																								163,400,000
Deferred financing costs																							400,000
Outstanding fair value																				57,500,000		57,500,000
Offering costs incurred													$ 300,000
Public offering price percentage												101%
Underwriting discounts												$ 2,500,000
Minimum denominations amount																				2,000		2,000
Integral multiples of excess																				1,000		1,000
Amortization of premium on issuance																				60,000		100,000	100,000
Four Point Three Seven Five Percentage Two thousand Twenty Six [Member] | Level 3 Liability [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding fair value																				166,100,000		166,100,000
Four Point Three Five Percentage Two thousand Twenty Seven [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				75,000,000	75,000,000	75,000,000	75,000,000
Financing costs										$ 1,800,000
Interest expense																				800,000	800,000	1,600,000	1,600,000
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
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.
Deferred financing costs																				100,000		200,000	200,000
Outstanding fair value																					57,500,000		57,500,000
Public offering price percentage										99.317%
Amortization of premium on issuance																					30,000	60,000	60,000
Four Point Three Five Percentage Two thousand Twenty Seven [Member] | Fair Value, Inputs, Level 1 [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding fair value																				68,900,000		68,900,000
6.00% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				105,500,000	105,500,000	105,500,000	105,500,000
Financing costs							$ 300,000	$ 3,300,000
Interest expense																				1,600,000	1,600,000	3,200,000	3,200,000
Aggregate principal amount									$ 87,500,000
Net proceeds amount							7,800,000	9,700,000
Deducting underwriting commissions amount								$ 300,000
Offering costs									100,000
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.
Deferred financing costs																				200,000	200,000		400,000
Offering costs incurred							$ 200,000
Public offering price percentage							97.80%
Net proceeds									84,800,000
Underwriting commissions									$ 2,700,000
Additional aggregate principal amount							$ 8,000,000	$ 10,000,000
Trading symbol per share (in Dollars per share)								$ 25
Aggregate principal amount percentage							6%
Amortization of discount on issuance																				10,000	10,000	20,000	20,000
7.00% 2025 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				12,000,000	12,000,000	12,000,000	12,000,000
Financing costs						$ 40,000
Interest expense																				200,000	200,000	400,000	400,000
Aggregate principal amount						$ 12,000,000
Principal amount, percentage						7%
Net proceeds amount						$ 11,600,000
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.
Deferred financing costs																				30,000	0	70,000	60,000
Outstanding fair value																				11,900,000		11,900,000
Underwriting discounts						$ 400,000
Amortization of discount on issuance																				30,000	30,000	60,000	50,000
Offering expenses						$ 50,000
8.00% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				46,000,000	46,000,000	46,000,000	46,000,000
Financing costs				$ 1,700,000
Interest expense																				900,000	900,000	1,800,000	1,800,000
Aggregate principal amount					40,000,000
Net proceeds amount					38,700,000
Deducting underwriting commissions amount				$ 200,000
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																								46,200,000
Deferred financing costs																				90,000	90,000	$ 200,000	200,000
Additional aggregate principal amount				$ 6,000,000
Trading symbol per share (in Dollars per share)																						$ 25
Underwriting commissions					$ 1,300,000
Carrying amount																								$ 46,000,000
2026 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Debt instrument, description					Offering costs incurred were approximately $0.2 million.
8.125% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				60,400,000	60,400,000	$ 60,400,000	60,400,000
Interest expense																				1,200,000	1,200,000	2,500,000	2,500,000
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. 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.
Principal amount, percentage			8.125%
Net proceeds amount			$ 50,800,000
Deducting underwriting commissions amount			1,600,000
Offering costs			$ 100,000
Par value, per share (in Dollars per share)																								$ 25
Deferred financing costs																				100,000	100,000		200,000
Borrowings [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																						20,000,000
Borrowings [Member] | 7.75% 2025 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Aggregate principal amount																				5,000,000		5,000,000
Borrowings [Member] | 6.25% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Principal amount, percentage															6.25%
Borrowings [Member] | Four Point Three Seven Five Percentage Two thousand Twenty Six [Member]
Borrowings (Details) - Details 1 [Line Items]
Principal amount, percentage													4.375%
Smaller Enterprise [Member]
Borrowings (Details) - Details 1 [Line Items]
Tangible net																				6,000,000		6,000,000
Net income taxes																						2,000,000
Minimum [Member]
Borrowings (Details) - Details 1 [Line Items]
Asset coverage ratio																			150%
Encina credit facility											$ 12,500,000
Interest expense																				1,900,000
Line of credit facility minimum drawn amount																				$ 50,000,000		$ 50,000,000
Investment percentage																				3.50%		3.50%
Minimum [Member] | 6.25% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								$ 14,200,000
Minimum [Member] | Four Point Three Seven Five Percentage Two thousand Twenty Six [Member]
Borrowings (Details) - Details 1 [Line Items]
Interest expense																				$ 1,900,000
Deferred financing costs																					200,000
Minimum [Member] | Four Point Three Five Percentage Two thousand Twenty Seven [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								75,000,000
Deferred financing costs																					90,000
Amortization of premium on issuance																				30,000
Minimum [Member] | 6.00% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								100,700,000
Outstanding fair value																				105,500,000		$ 105,500,000
Minimum [Member] | 7.00% 2025 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								12,000,000
Minimum [Member] | 8.00% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Net proceeds amount				$ 5,800,000
Outstanding fair value																				46,000,000		46,000,000
Minimum [Member] | 8.125% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								60,400,000
Outstanding fair value																				60,400,000		60,400,000
Maximum [Member]
Borrowings (Details) - Details 1 [Line Items]
Encina credit facility											25,000,000
Interest expense																							1,900,000
Line of credit facility minimum drawn amount																				$ 75,000,000		$ 75,000,000
Investment percentage																				4.25%		4.25%
Maximum [Member] | SBA Debentures [Member]
Borrowings (Details) - Details 1 [Line Items]
Aggregate total of equity capital amount																						$ 214,000,000
Maximum [Member] | 6.25% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								15,000,000
Maximum [Member] | Four Point Three Seven Five Percentage Two thousand Twenty Six [Member]
Borrowings (Details) - Details 1 [Line Items]
Interest expense																							1,900,000
Deferred financing costs																				$ 100,000
Amortization of premium on issuance																					60,000
Maximum [Member] | Four Point Three Five Percentage Two thousand Twenty Seven [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								64,500,000
Maximum [Member] | 6.00% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								105,500,000
Outstanding fair value																				101,900,000		101,900,000
Maximum [Member] | 7.00% 2025 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								11,800,000
Maximum [Member] | 8.00% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding fair value																				46,500,000		46,500,000
Maximum [Member] | 8.125% 2027 Notes [Member]
Borrowings (Details) - Details 1 [Line Items]
Fair value																								60,800,000
Outstanding fair value																				60,800,000		60,800,000
SBIC LP [Member]
Borrowings (Details) - Details 1 [Line Items]
Aggregate principal amount																				350,000,000		$ 350,000,000
1940 Act [Member]
Borrowings (Details) - Details 1 [Line Items]
Employ leverage, percentage																						150%
SBIC Subsidiaries [Member]
Borrowings (Details) - Details 1 [Line Items]
Additional long-term capital																				175,000,000		$ 175,000,000
SBIC II LP [Member]
Borrowings (Details) - Details 1 [Line Items]
Aggregate total of equity capital amount																						87,500,000
Debentures outstanding amount																						175,000,000
SBIC III LP [Member]
Borrowings (Details) - Details 1 [Line Items]
Aggregate total of equity capital amount																						66,700,000
Debentures outstanding amount																						$ 39,000,000
Credit Facility [Member]
Borrowings (Details) - Details 1 [Line Items]
Asset coverage ratio																	150%
Securitized credit facility																												$ 25,700,000	$ 100,000,000
Credit Facility [Member] | LIBOR [Member]
Borrowings (Details) - Details 1 [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%.
Madison Credit Facility [Member]
Borrowings (Details) - Details 1 [Line Items]
Senior secured revolving																											$ 45,000,000
Credit facility, 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) - Details 1 [Line Items]
Securitized credit facility											$ 50,000,000
Encina credit facility percentage											50%
Floating rate per annum percentage											4%
Benchmark rate											0.75%
Credit facility balance, description	●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 Encina 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 Encina 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.
Administrative agent fee																						$ 100,000
Outstanding borrowings																				32,500,000	35,000,000	33,600,000	40,900,000
Financing costs																						2,000,000
Interest expense																				800,000	900,000	1,700,000	2,000,000
Amortization of deferred financing cost																				$ 100,000	$ 100,000	$ 200,000	$ 200,000
Outstanding percentage rate																				9.89%	9.56%	9.89%	9.56%
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 minimum drawn amount																				$ 88,300,000		$ 88,300,000
Line of credit facility maximum borrowing capacity																				$ 65,000,000		65,000,000
Encina Credit Facility [Member] | Encina Credit Agreement [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																						32,500,000		$ 35,000,000
Oak Credit Facility [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																						$ 16,000,000
Outstanding percentage rate																				9.54%		9.54%
Line of credit facility maximum borrowing capacity																				$ 50,000,000		$ 50,000,000
Live Oak Credit Facility [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding borrowings																				$ 19,000,000
Outstanding percentage rate																				9.56%		9.56%
Interest expense debt																				$ 500,000
Deferred financing costs																				$ 100,000		$ 100,000
Securities Financing Transaction, Cost [Member]
Borrowings (Details) - Details 1 [Line Items]
Deferred financing costs																						200,000
Securities Financing Transaction, Cost [Member] | Four Point Three Seven Five Percentage Two thousand Twenty Six [Member]
Borrowings (Details) - Details 1 [Line Items]
Deferred financing costs																						$ 300,000
Forecast [Member] | Live Oak Credit Agreement [Member]
Borrowings (Details) - Details 1 [Line Items]
Outstanding percentage rate																									50%
Line of credit facility minimum drawn amount																									$ 12,500,000
Line of credit facility maximum borrowing capacity																									$ 25,000,000

Borrowings (Details) - Detail_2

Borrowings (Details) - Details 2 - USD ($)												3 Months Ended		6 Months Ended
	May 01, 2023	Apr. 26, 2023	Apr. 14, 2023	Mar. 31, 2023	Jan. 19, 2022	Aug. 31, 2021	Jul. 31, 2021	Jul. 15, 2021	Mar. 10, 2021	Feb. 07, 2020	Dec. 21, 2019	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Feb. 29, 2024	Oct. 28, 2022	Jul. 14, 2022
Borrowings (Details) - Details 2 [Line Items]
Aggregate principal amount																	$ 402,100,000
Outstanding borrowings												$ 30,000	$ 200,000	$ 50,000	$ 300,000
Fair value												5,000,000		5,000,000
Deferred financing costs														400,000
Interest expense												30,000	0	50,000	0
Financing costs														1,198,831	4,085,214
Aggregate amount indebtedness														1,000
Debt instrument, redemption amount						$ 60,000,000				$ 24,450,000	$ 50,000,000
Debt instrument redemption percentage							4.375%
8.75% 2025 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Aggregate principal amount			$ 50,000,000	$ 10,000,000								20,000,000		20,000,000
Net proceeds amount	$ 9,700,000			9,700,000
Deducting underwriting commissions amount	400,000			$ 400,000
Outstanding borrowings	10,000,000													$ 30,000
Debt instrument, description														Interest on the 8.75% 2025 Notes is paid quarterly in arrears on February 28, May 31, August 31 and November 30, at a rate of 8.75% per year. On February 2, 2024, pursuant to the terms of the indenture governing the 8.75% 2025 Notes, the Company elected to exercise its option to extend the maturity date of the 8.75% 2025 Notes from March 31, 2024 to March 31, 2025. 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% 2025 Notes have been capitalized and are being amortized over the term of the 8.75% 2025 Notes.
Fair value												20,100,000		$ 20,100,000
Deferred financing costs												400,000	400,000		700,000
Average outstanding amount												20,000,000	20,000,000	20,000,000	15,000,000
Offering costs	$ 30,000
8.50% 2028 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Aggregate principal amount		$ 7,500,000
Net proceeds amount		7,300,000	48,400,000
Deducting underwriting commissions amount			1,600,000
Outstanding borrowings		$ 200,000
Carrying amount												58,300,000		58,300,000
Deferred financing costs												100,000	100,000	200,000	200,000
Interest expense												$ 1,200,000	1,200,000	$ 2,400,000	1,900,000
Financing costs			$ 2,000,000
Par value, per share (in Dollars per share)												$ 25		$ 25
Outstanding fair value												$ 57,500,000	42,900,000	$ 57,500,000	42,900,000
8.50% 2028 Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Borrowings (Details) - Details 2 [Line Items]
Carrying amount												57,500,000		57,500,000
8.00% 2027 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Outstanding														57,500,000
Four Point Three Seven Five Percentage Two thousand Twenty Six [Member]
Borrowings (Details) - Details 2 [Line Items]
Aggregate principal amount								$ 125,000,000	$ 50,000,000			175,000,000		175,000,000		$ 175,000,000
Net proceeds amount								123,800,000	49,000,000
Deducting underwriting commissions amount									1,000,000
Fair value																163,400,000
Deferred financing costs															400,000
Interest expense														3,800,000	3,800,000
Offering costs								200,000
Financing costs								$ 2,700,000	$ 1,300,000
Outstanding fair value												57,500,000		57,500,000
Four Point Three Five Percentage Two thousand Twenty Seven [Member]
Borrowings (Details) - Details 2 [Line Items]
Aggregate principal amount					$ 75,000,000							75,000,000		75,000,000
Net proceeds amount					73,000,000
Deducting underwriting commissions amount					1,500,000
Deferred financing costs												100,000		200,000	200,000
Interest expense												800,000	800,000	1,600,000	1,600,000
Offering costs					300,000
Financing costs					$ 1,800,000
Outstanding fair value													57,500,000		57,500,000
Principal amount, percentage					4.35%
Four Point Three Five Percentage Two thousand Twenty Seven [Member] | Fair Value, Inputs, Level 1 [Member]
Borrowings (Details) - Details 2 [Line Items]
Outstanding fair value												$ 68,900,000		$ 68,900,000
SBA Debentures [Member]
Borrowings (Details) - Details 2 [Line Items]
Debt instrument, interest rate, stated percentage												150%		150%
Notes One [Member]
Borrowings (Details) - Details 2 [Line Items]
Aggregate principal amount												$ 74,450,000		$ 74,450,000
6.25% 2025 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Debt instrument redemption percentage							6.25%
7.25% 2025 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Aggregate principal amount																		$ 43,100,000
2025 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Principal amount, percentage																		7.25%
Interest Expense [Member] | 8.75% 2025 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Deferred financing costs														$ 900,000
7.25% 2025 Notes [Member] | 8.50% 2028 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Principal amount, percentage						6.25%
Minimum [Member]
Borrowings (Details) - Details 2 [Line Items]
Interest expense												1,900,000
Minimum [Member] | 8.75% 2025 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Carrying amount																20,000,000
Minimum [Member] | 8.50% 2028 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Fair value																57,500,000
Minimum [Member] | Four Point Three Seven Five Percentage Two thousand Twenty Six [Member]
Borrowings (Details) - Details 2 [Line Items]
Deferred financing costs													200,000
Interest expense												1,900,000
Minimum [Member] | Four Point Three Five Percentage Two thousand Twenty Seven [Member]
Borrowings (Details) - Details 2 [Line Items]
Fair value																75,000,000
Deferred financing costs													$ 90,000
Maximum [Member]
Borrowings (Details) - Details 2 [Line Items]
Interest expense															1,900,000
Maximum [Member] | 8.75% 2025 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Carrying amount																20,100,000
Maximum [Member] | 8.50% 2028 Notes [Member]
Borrowings (Details) - Details 2 [Line Items]
Fair value																58,300,000
Maximum [Member] | Four Point Three Seven Five Percentage Two thousand Twenty Six [Member]
Borrowings (Details) - Details 2 [Line Items]
Deferred financing costs												$ 100,000
Interest expense															$ 1,900,000
Maximum [Member] | Four Point Three Five Percentage Two thousand Twenty Seven [Member]
Borrowings (Details) - Details 2 [Line Items]
Fair value																$ 64,500,000

Borrowings (Details) - Schedule

Borrowings (Details) - Schedule of Credit Facility $ / shares in Units, $ in Thousands	6 Months Ended
	Aug. 31, 2024 USD ($) $ / shares	[1],[3]
Credit Facility with Encina Lender Finance, LLC [Member] | Fiscal year 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 32,500	[2]
Asset Coverage per Unit | $	$ 1,596	[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 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 35,000	[2]
Asset Coverage per Unit | $	$ 1,610	[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 year 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 Live Oak Banking Company [Member] | Fiscal year 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 20,000	[2]
Asset Coverage per Unit | $	$ 1,596	[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		[6],[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 2025 [Member] | Fiscal year 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 20,000	[2]
Asset Coverage per Unit | $	$ 1,596	[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]
8.75% Notes due 2025 [Member] | Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 20,000	[2]
Asset Coverage per Unit | $	$ 1,610	[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 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 12,000	[2]
Asset Coverage per Unit | $	$ 1,596	[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 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 12,000	[2]
Asset Coverage per Unit | $	$ 1,610	[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 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 5,000	[2]
Asset Coverage per Unit | $	$ 1,596	[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 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 5,000	[2]
Asset Coverage per Unit | $	$ 1,610	[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 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 175,000	[2]
Asset Coverage per Unit | $	$ 1,596	[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 February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 175,000	[2]
Asset Coverage per Unit | $	$ 1,610	[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 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 75,000	[2]
Asset Coverage per Unit | $	$ 1,596	[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 February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 75,000	[2]
Asset Coverage per Unit | $	$ 1,610	[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 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 105,500	[2]
Asset Coverage per Unit | $	$ 1,596	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 24.18	[6],[16]
6.00% Notes due 2027 [Member] | Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 105,500	[2]
Asset Coverage per Unit | $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 23.51	[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 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 15,000	[2]
Asset Coverage per Unit | $	$ 1,596	[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 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 15,000	[2]
Asset Coverage per Unit | $	$ 1,610	[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 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 46,000	[2]
Asset Coverage per Unit | $	$ 1,596	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.11	[6],[16]
8.00% Notes due 2027 [Member] | Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 46,000	[2]
Asset Coverage per Unit | $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25	[6],[16]
8.125% Notes due 2027 [Member] | Fiscal year 2025 (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 | $	$ 1,596	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.2	[6],[16]
8.125% Notes due 2027 [Member] | Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 60,375	[2]
Asset Coverage per Unit | $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.05	[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]
8.50% Notes due 2028 [Member] | Fiscal year 2025 (as of August 31, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 57,500	[2]
Asset Coverage per Unit | $	$ 1,596	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.34	[6],[17]
8.50% Notes due 2028 [Member] | Fiscal year 2024 (as of February 29, 2024) [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities | $	$ 57,500	[2]
Asset Coverage per Unit | $	$ 1,610	[4]
Involuntary Liquidating Preference per Share (in Dollars per share) | $ / shares		[5]
Average Market Value per Share (in Dollars per share) | $ / shares	$ 25.17	[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.

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Millions	Aug. 31, 2024	Feb. 29, 2024
Commitments and Contingencies [Line Items]
Off-balance sheet arrangements	$ 132.1	$ 132.4
Cash and cash equivalents	84.4
Available borrowings credit facility	87.9
Encina Credit Facility [Member]
Commitments and Contingencies [Line Items]
Available borrowings credit facility	32.5
Credit facility	$ 55

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations	Aug. 31, 2024 USD ($)
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	$ 837,875
Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	25,000
1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	420,000
3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	178,875
More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	214,000
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	32,500
Encina Credit Facility [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Encina Credit Facility [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	32,500
Encina Credit Facility [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Encina Credit Facility [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Live Oak 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	20,000
Live Oak credit facility [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Live Oak credit facility [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	20,000
Live Oak credit facility [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
Live Oak credit facility [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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	214,000
SBA Debentures [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
SBA Debentures [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
SBA Debentures [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
SBA Debentures [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	214,000
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
8.75% 2024 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	20,000
8.75% 2024 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
8.75% 2024 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
8.75% 2024 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
7.00% 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
7.00% 2025 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
7.00% 2025 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	12,000
7.00% 2025 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
7.00% 2025 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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
7.75% 2025 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	5,000
7.75% 2025 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
7.75% 2025 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
7.75% 2025 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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
4.375% 2026 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
4.375% 2026 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	175,000
4.375% 2026 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
4.375% 2026 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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
4.35% 2027 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
4.35% 2027 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	75,000
4.35% 2027 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
4.35% 2027 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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
6.00% 2027 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
6.00% 2027 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	105,500
6.00% 2027 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
6.00% 2027 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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
6.25% 2027 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
6.25% 2027 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
6.25% 2027 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	15,000
6.25% 2027 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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
8.00% 2027 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
8.00% 2027 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
8.00% 2027 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	46,000
8.00% 2027 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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
8.125% 2027 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
8.125% 2027 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
8.125% 2027 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	60,375
8.125% 2027 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
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
8.50% 2028 Notes [Member] | Less Than 1 Year [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
8.50% 2028 Notes [Member] | 1 - 3 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period
8.50% 2028 Notes [Member] | 3 - 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period	57,500
8.50% 2028 Notes [Member] | More Than 5 Years [Member]
Commitments and Contingencies (Details) - Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Payment Due by Period

Commitments and Contingencies_4

Commitments and Contingencies (Details) - Schedule of Unfunded Commitments Outstanding - USD ($) $ in Thousands	Aug. 31, 2024	Feb. 29, 2024
At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	$ 83,748	$ 77,696
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	132,138	132,429
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Alpha Aesthetics Partners OpCo, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	3,902	6,500
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | ARC Health OpCo LLC [Member]
At Company’s discretion
Off balance sheet arrangements		2,585
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Axero Holdings, LLC - Revolver [Member]
At Company’s discretion
Off balance sheet arrangements	500	500
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Axiom Medical Consulting, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	2,000	2,000
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | BQE Software, Inc. [Member]
At Company’s discretion
Off balance sheet arrangements	3,250	3,250
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | C2 Educational Systems, Inc.[Member]
At Company’s discretion
Off balance sheet arrangements		3,000
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Davisware, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	2,000	750
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Exigo, LLC - Revolver [Member]
At Company’s discretion
Off balance sheet arrangements	625	1,042
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Gen4 Dental Partners Holdings, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	2,857
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | GoReact [Member]
At Company’s discretion
Off balance sheet arrangements	2,500	2,500
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Granite Comfort, LP [Member]
At Company’s discretion
Off balance sheet arrangements	11,637	11,637
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Inspect Point Holding, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	1,500	1,500
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Pepper Palace, Inc. - Revolver [Member]
At Company’s discretion
Off balance sheet arrangements	800	2,500
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Stretch Zone Franchising, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	1,500	1,500
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | VetnCare MSO, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	15,319	15,319
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Zollege PBC [Member]
At Company’s discretion
Off balance sheet arrangements		150
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member] | Defined Benefit Plan Portfolio [Member]
At Company’s discretion
Off balance sheet arrangements	48,390	54,733
ActiveProspect, Inc.[Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	10,000	10,000
Artemis Wax Corp. [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	23,500	23,500
Ascend Software, LLC [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	5,000	5,000
C2 Educational Systems, Inc.[Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	2,000
Davisware, LLC [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	1,000
Granite Comfort, LP [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements		750
JDXpert [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	4,500	5,000
LFR Chicken LLC [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	10,000
Pepper Palace, Inc. [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	1,200	1,898
Procurement Partners, LLC [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	4,250	4,250
Saratoga Senior Loan Fund I JV, LLC [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	8,548	8,548
Sceptre Hospitality Resources, LLC [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements		5,000
Stretch Zone Franchising, LLC [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	3,750	3,750
VetnCare MSO, LLC [Member] | At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	$ 10,000	$ 10,000

Directors Fees (Details)

Directors Fees (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Feb. 29, 2024
Directors Fees [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	$ 80,000	$ 111,000	193,000	$ 200,068
Accrued and unpaid amount	$ 100,000		$ 100,000		$ 0

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)								6 Months Ended
	Jul. 06, 2023	Jul. 30, 2021	Jul. 29, 2021	Oct. 08, 2019	Jul. 11, 2019	Jul. 13, 2018	Mar. 16, 2017	Aug. 31, 2024	Aug. 31, 2023	Feb. 29, 2024	Sep. 24, 2014
Stockholders' Equity [Line Items]
Average price (in Dollars per share)			$ 24.77
Shares issued (in Shares)						1,150,000
Stock issued price per share (in Dollars per share)						$ 25
Common stock par value (in Dollars per share)								$ 0.001		$ 0.001
Aggregate amount						$ 28,750,000
Underwriting commissions						1,150,000
Offering cost						200,000
Net proceeds			$ 95,900,000			$ 27,400,000			$ 22,498,117
Additional common stock (in Shares)						172,500
Offer for sale		$ 150,000,000					$ 30,000,000
Amount of common stock				$ 130,000,000	$ 70,000,000
Number of shares sold (in Shares)			3,922,018
Gross proceeds			$ 97,100,000
Equity ATM Program Tranche One [Member]
Stockholders' Equity [Line Items]
Average price (in Dollars per share)								$ 26.37
Net proceeds								$ 171,000,000
Number of shares sold (in Shares)								6,543,878
Gross proceeds								$ 172,500,000
Maximum [Member]
Stockholders' Equity [Line Items]
Sale of stock, amount	$ 300,000,000
Minimum [Member]
Stockholders' Equity [Line Items]
Sale of stock, amount	$ 150,000,000
Common Stock [Member]
Stockholders' Equity [Line Items]
Common stock par value (in Dollars per share)						$ 0.001
Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Number of share authorized for repurchase (in Shares)											1,700,000
Share Repurchase Plan [Member] | Share Repurchase Tranche One [Member]
Stockholders' Equity [Line Items]
Number of share authorized for repurchase (in Shares)								1,035,203
Share Repurchase Plan [Member] | Common Stock [Member]
Stockholders' Equity [Line Items]
Number of share authorized for repurchase (in Shares)											200,000
Share Repurchase Plan [Member] | Common Stock [Member] | Share Repurchase Tranche One [Member]
Stockholders' Equity [Line Items]
Average price (in Dollars per share)								$ 22.05
Stock repurchased amount								$ 22,800,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity - USD ($)	3 Months Ended						6 Months Ended		12 Months Ended
	Aug. 31, 2024	May 31, 2024	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Feb. 29, 2024
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance	$ 367,855,082	$ 370,224,108	$ 359,558,749	$ 362,078,755	$ 337,450,848	$ 346,958,042	$ 370,224,108	$ 346,958,042	$ 346,958,042
Increase (Decrease) from Operations:
Net investment income	18,197,398	14,335,005	12,784,511	14,166,063	13,964,784	15,958,950
Realized losses on extinguishment of debt					(110,056)			(110,056)
Net realized gain (loss) from investments	(33,448,727)	(21,194,997)	2,327	60,565		90,691	(54,643,724)	90,691
Net change in unrealized appreciation (depreciation) on investments	28,728,155	13,931,431	(7,164,613)	(17,866,353)	(5,737,571)	(16,322,307)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(159,187)	(461,001)	(315,473)	(415,894)	(221,206)	59,407
Decrease from Shareholder Distributions:
Distributions of investment income – net	(10,137,233)	(9,967,036)	(9,803,576)	(9,286,642)	(8,352,335)	(8,193,402)
Capital Share Transactions:
Proceeds from issuance of common stock			13,028,770	9,012,500	22,498,117
Capital contribution from Manager			1,382,009	1,043,000	2,050,288
Stock dividend distribution	1,018,354	987,572	915,193	858,995	749,313	1,058,844
Offering costs			(163,789)	(92,240)	(213,427)			(213,427)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles
Repurchases of common stock						(2,157,605)
Repurchase fees						(1,772)
Balance	372,053,842	367,855,082	370,224,108	359,558,749	362,078,755	337,450,848	372,053,842	362,078,755	370,224,108
Common Stock [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance	$ 13,699	$ 13,654	$ 13,115	$ 12,730	$ 11,848	$ 11,891	$ 13,654	$ 11,891	$ 11,891
Balance (in Shares)	13,698,966	13,653,476	13,114,977	12,729,781	11,847,742	11,890,500	13,653,476	11,890,500	11,890,500
Increase (Decrease) from Operations:
Net investment income
Realized losses on extinguishment of debt
Net realized gain (loss) from 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:
Proceeds from issuance of common stock			$ 501	$ 350	$ 852
Proceeds from issuance of common stock (in Shares)			501,105	350,000	852,412
Capital contribution from Manager
Stock dividend distribution	$ 47	$ 45	$ 38	$ 35	$ 30	$ 47
Stock dividend distribution (in Shares)	46,803	45,490	37,394	35,196	29,627	45,818
Offering costs
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles
Repurchases of common stock						$ (90)
Repurchases of common stock (in Shares)						(88,576)
Repurchase fees
Balance	$ 13,746	$ 13,699	$ 13,654	$ 13,115	$ 12,730	$ 11,848	$ 13,746	$ 12,730	$ 13,654
Balance (in Shares)	13,745,769	13,698,966	13,653,476	13,114,977	12,729,781	11,847,742	13,745,769	12,729,781	13,653,476
Capital in Excess of Par Value [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance	$ 372,068,726	$ 371,081,199	$ 356,698,595	$ 345,876,725	$ 320,793,316	$ 321,893,806	$ 371,081,199	$ 321,893,806	$ 321,893,806
Increase (Decrease) from Operations:
Net investment income
Realized losses on extinguishment of debt
Net realized gain (loss) from 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:
Proceeds from issuance of common stock			13,028,269	9,012,150	22,497,265
Capital contribution from Manager			1,382,009	1,043,000	2,050,288
Stock dividend distribution	1,018,307	987,527	915,155	858,960	749,283	1,058,797
Offering costs			(163,789)	(92,240)	(213,427)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles			(779,040)
Repurchases of common stock						(2,157,515)
Repurchase fees						(1,772)
Balance	373,087,033	372,068,726	371,081,199	356,698,595	345,876,725	320,793,316	373,087,033	345,876,725	371,081,199
Total Distributable Earnings (Loss) [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Balance	(4,227,343)	(870,745)	2,847,039	16,189,300	16,645,684	25,052,345	(870,745)	25,052,345	25,052,345
Increase (Decrease) from Operations:
Net investment income	18,197,398	14,335,005	12,784,511	14,166,063	13,964,784	15,958,950
Realized losses on extinguishment of debt					(110,056)
Net realized gain (loss) from investments	(33,448,727)	(21,194,997)	2,327	60,565		90,691
Net change in unrealized appreciation (depreciation) on investments	28,728,155	13,931,431	(7,164,613)	(17,866,353)	(5,737,571)	(16,322,307)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(159,187)	(461,001)	(315,473)	(415,894)	(221,206)	59,407
Decrease from Shareholder Distributions:
Distributions of investment income – net	(10,137,233)	(9,967,036)	(9,803,576)	(9,286,642)	(8,352,335)	(8,193,402)
Capital Share Transactions:
Proceeds from issuance of common stock
Capital contribution from Manager
Stock dividend distribution
Offering costs
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles			779,040
Repurchases of common stock
Repurchase fees
Balance	$ (1,046,937)	$ (4,227,343)	$ (870,745)	$ 2,847,039	$ 16,189,300	$ 16,645,684	$ (1,046,937)	$ 16,189,300	$ (870,745)

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		6 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets [Abstract]
Net increase (decrease) in net assets resulting from operations	$ 13,318	$ 7,896	$ 19,928	$ 7,683
Weighted average common shares outstanding	13,726,142	12,158,440	13,704,759	12,011,180
Weighted average earnings (loss) per common share	$ 0.97	$ 0.65	$ 1.45	$ 0.64

Dividend (Details)

Dividend (Details)	Aug. 22, 2024 $ / shares
O 2024 H2 Dividends [Member]
Dividend Disclosure [Line Items]
Dividend payable per share	$ 0.74

Dividend (Details) - Schedule o

Dividend (Details) - Schedule of Dividends Declared - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
		Aug. 31, 2024	Aug. 31, 2023	Aug. 22, 2024
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share		$ 1.48	$ 1.41
Total Amount	[1]	$ 20,309	$ 17,639
O 2024 H2 Dividends [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share				$ 0.74
O 2024 H2 Dividends [Member] | August 22, 2024 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share		$ 0.74
Total Amount		$ 10,172
Record Date		Sep. 11, 2024
Payment Date		Sep. 26, 2024
O 2024 H2 Dividends [Member] | May 23, 2024 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share		$ 0.74
Total Amount	[1]	$ 10,137
Record Date		Jun. 13, 2024
Payment Date		Jun. 27, 2024
O 2024 H2 Dividends [Member] | August 14, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share			$ 0.71
Total Amount			$ 9,287
Record Date			Sep. 14, 2023
Payment Date			Sep. 28, 2023
O 2024 H2 Dividends [Member] | May 22, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share			$ 0.7
Total Amount	[1]		$ 8,352
Record Date			Jun. 13, 2023
Payment Date			Jun. 29, 2023
[1]Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights (Details)

Financial Highlights (Details)	6 Months Ended
	Aug. 31, 2024 USD ($)
Investment Company, Financial Highlights [Abstract]
Indebtedness amount	$ 1,000
Revolving credit facility, description	The Revolving Credit Facilities, SBA Debentures, 8.75% Notes Payable 2025, 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	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.

Financial Highlights (Details)

Financial Highlights (Details) - Schedule of Financial Highlights - USD ($)		6 Months Ended
		Aug. 31, 2024	Aug. 31, 2023	Feb. 29, 2024
Investment Company, Financial Highlights [Line Items]
Net asset value at beginning of period		$ 27.12	$ 29.18
Net investment income	[1]	2.37	2.49
Net realized and unrealized gain and losses on investments	[1]	(0.92)	(1.84)
Realized losses on extinguishment of debt			(0.01)
Net increase in net assets resulting from operations		1.45	0.64
Distributions declared from net investment income		(1.47)	(1.39)
Total distributions to stockholders		(1.47)	(1.39)
Issuance of common stock at net asset value	[2]		(0.21)
Capital contribution from Manager for the issuance of common stock	[3]		0.23
Repurchases of common stock	[4]		0.04
Dilution	[5]	(0.03)	(0.05)
Net asset value at end of period		$ 27.07	$ 28.44
Net assets at end of period (in Dollars)		$ 372,053,842	$ 362,078,755
Shares outstanding at end of period (in Shares)		13,745,769	12,729,781	13,653,476
Per share market value at end of period		$ 23.57	$ 25.85
Total return based on market value	[6],[7]	6.70%	(0.69%)
Total return based on net asset value	[6],[8]	6.68%	3.15%
Ratio/Supplemental data:
Ratio of net investment income to average net assets	[9]	19.60%	17.80%
Ratios of operating expenses and income taxes to average net assets	[10],[11]	8.16%	7.76%
Ratio of incentive management fees to average net assets	[6]	2.20%	0.74%
Ratio of interest and debt financing expenses to average net assets	[11]	13.99%	13.75%
Ratio of total expenses and income taxes to average net assets	[9],[10]	24.35%	22.25%
Portfolio turnover rate	[6],[12]	3.84%	1.63%
Asset coverage ratio per unit (in Dollars)	[13]	$ 1,596	$ 1,597
Average market value per unit
Revolving Credit Facilities	[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 [Member]
Average market value per unit
Average market value per unit	[14]
4.35% Notes Payable [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		24.18	23.31
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		25.11	24.92
8.125% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit		25.2	24.93
8.50% Notes Payable 2028 [Member]
Average market value per unit
Average market value per unit		$ 25.34	$ 25.03
[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 Facilities, SBA Debentures, 8.75% Notes Payable 2025, 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.