Saratoga Investment (SAR) 10-Q 8 Jan 25 2025 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Nov. 30, 2024	Jan. 07, 2025
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	Nov. 30, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
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		14,346,373
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 ($)	Nov. 30, 2024	Feb. 29, 2024
ASSETS
Investments at fair value	$ 960,093,232	$ 1,138,793,789
Cash and cash equivalents	147,614,810	8,692,846
Cash and cash equivalents, reserve accounts	102,549,213	31,814,278
Interest receivable (net of reserve of $68,735 and $9,490,340, respectively)	7,462,134	10,298,998
Management fee receivable	327,368	343,023
Other assets	1,871,192	1,163,225
Current income tax receivable	1,931	99,676
Total assets	1,219,919,880	1,191,205,835
LIABILITIES
Revolving credit facilities	52,500,000	35,000,000
Base management and incentive fees payable	7,521,835	8,147,217
Deferred tax liability	4,581,381	3,791,150
Accounts payable and accrued expenses	2,500,210	1,337,542
Interest and debt fees payable	5,875,852	3,582,173
Due to Manager	796,396	450,000
Total liabilities	845,054,225	820,981,727
Commitments and contingencies (See Note 9)
NET ASSETS
Common stock, par value $0.001, 100,000,000 common shares authorized, 13,909,206 and 13,653,476 common shares issued and outstanding, respectively	13,909	13,654
Capital in excess of par value	377,235,609	371,081,199
Total distributable deficit	(2,383,863)	(870,745)
Total net assets	374,865,655	370,224,108
Total liabilities and net assets	$ 1,219,919,880	$ 1,191,205,835
NET ASSET VALUE PER SHARE (in Dollars per share)	$ 26.95	$ 27.12
Debentures payable
LIABILITIES
Deferred debt financing costs	$ (5,072,871)	$ (5,779,892)
Notes Payable	214,000,000	214,000,000
8.75% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(1,460)	(4,777)
Notes Payable	20,000,000	20,000,000
Discount on notes payable	(35,045)	(112,894)
7.00% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(12,257)	(24,210)
Notes Payable	12,000,000	12,000,000
Discount on notes payable	(100,675)	(193,175)
7.75% Notes Payable 2025
LIABILITIES
Deferred debt financing costs	(33,209)	(74,531)
Notes Payable	5,000,000	5,000,000
4.375% Notes Payable 2026
LIABILITIES
Deferred debt financing costs	(1,073,336)	(1,708,104)
Notes Payable	175,000,000	175,000,000
Premium on 4.375% notes payable 2026	363,367	564,260
4.35% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(773,704)	(1,033,178)
Notes Payable	75,000,000	75,000,000
Discount on notes payable	(233,940)	(313,010)
6.25% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(219,726)	(273,449)
Notes Payable	15,000,000	15,000,000
6.00% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,696,769)	(2,224,403)
Notes Payable	105,500,000	105,500,000
Discount on notes payable	(96,638)	(123,782)
8.00% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,013,039)	(1,274,455)
Notes Payable	46,000,000	46,000,000
8.125% Notes Payable 2027
LIABILITIES
Deferred debt financing costs	(1,256,679)	(1,563,594)
Notes Payable	60,375,000	60,375,000
8.50% Notes Payable 2028
LIABILITIES
Deferred debt financing costs	(1,373,467)	(1,680,039)
Notes Payable	57,500,000	57,500,000
Investment, Unaffiliated Issuer [Member]
ASSETS
Investments at fair value	875,707,680	1,019,774,616
Investment, Affiliated Issuer [Member]
ASSETS
Investments at fair value	39,803,456	27,749,137
Investment, Affiliated Issuer, Controlled [Member]
ASSETS
Investments at fair value	44,582,096	91,270,036
Revolving credit facilities
LIABILITIES
Deferred debt financing costs	$ (1,467,001)	$ (882,122)

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Parentheticals) - USD ($)	Nov. 30, 2024	Feb. 29, 2024
Amortized cost (in Dollars)	$ 967,342,177	$ 1,179,783,737
Net reserve of interest receivable (in Dollars)	$ 68,735	$ 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)	13,909,206	13,653,476
Common stock, shares outstanding (in Shares)	13,909,206	13,653,476
7.00% Notes Payable 2025
Notes payable, %	7%
7.75% Notes Payable 2025
Notes payable, %	7.75%
4.375% Notes Payable 2026
Notes payable, %	4.375%
4.35% Notes Payable 2027
Notes payable, %	4.35%
6.25% Notes Payable 2027
Notes payable, %	6.25%
6.00% Notes Payable 2027
Notes payable, %	6%
8.00% Notes Payable 2027
Notes payable, %	8%
8.125% Notes Payable 2027
Notes payable, %	8.125%
8.50% Notes Payable 2028
Notes payable, %	8.50%
Non-control/Non-affiliate investments
Amortized cost (in Dollars)	$ 852,158,089	$ 1,035,879,751
Affiliate investments
Amortized cost (in Dollars)	37,627,241	26,707,415
Control investments
Amortized cost (in Dollars)	$ 77,556,847	$ 117,196,571

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended				9 Months Ended
	Nov. 30, 2024		Nov. 30, 2023		Nov. 30, 2024	Nov. 30, 2023
Payment in kind interest income:
Total interest from investments	$ 30,760,674		$ 32,658,755		$ 104,432,302	$ 94,549,946
Interest from cash and cash equivalents	1,627,718		521,574		3,923,380	1,864,956
Management fee income	775,398		819,929		2,372,177	2,453,967
Dividend income(*):
Dividend from investments	1,120,659	[1]	1,828,584	[1]	3,745,569	5,301,097
Structuring and advisory fee income	740,705		312,135		1,186,548	1,786,357
Other income	853,481		199,368		1,900,184	530,210
Total investment income	35,878,635		36,340,345		117,560,160	106,486,533
OPERATING EXPENSES
Interest and debt financing expenses	13,044,000		12,522,357		39,135,022	36,628,641
Base management fees	4,412,000		4,857,059		14,161,025	14,262,147
Incentive management fees expense (benefit)	3,109,834		2,243,621		11,244,838	4,828,442
Professional fees	670,376		434,552		1,795,572	1,407,275
Administrator expenses	1,250,000		1,075,000		3,458,333	2,797,917
Insurance	76,743		81,002		231,936	244,804
Directors fees and expenses	83,500		80,729		276,500	280,797
General and administrative	759,902		660,062		2,190,613	1,957,906
Income tax expense (benefit)	36,625		219,900		98,263	(11,193)
Total operating expenses	23,442,980		22,174,282		72,592,102	62,396,736
NET INVESTMENT INCOME	12,435,655		14,166,063		44,968,058	44,089,797
Net realized gain (loss) from investments:
Net realized gain (loss) from investments	5,444,745		60,565		(49,198,979)	151,256
Net change in unrealized appreciation (depreciation) on investments:
Net change in unrealized appreciation (depreciation) on investments	(8,918,583)		(17,866,353)		33,741,003	(39,926,231)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(126,875)		(415,894)		(747,063)	(577,693)
Net realized and unrealized gain (loss) on investments	(3,600,713)		(18,221,682)		(16,205,039)	(40,352,668)
Realized losses on extinguishment of debt						(110,056)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ 8,834,942		$ (4,055,619)		$ 28,763,019	$ 3,627,073
WEIGHTED AVERAGE - BASIC EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share)	$ 0.64		$ (0.31)		$ 2.09	$ 0.29
WEIGHTED AVERAGE - DILUTED EARNINGS (LOSS) PER COMMON SHARE (in Dollars per share)	$ 0.64		$ (0.31)		$ 2.09	$ 0.29
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares)	13,789,951		13,052,896		13,733,008	12,355,815
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares)	13,789,951		13,052,896		13,733,008	12,355,815
Investment, Unaffiliated Issuer [Member]
Interest income:
Interest Income	$ 28,301,622		$ 28,741,745		$ 95,247,113	$ 83,542,257
Payment in kind interest income:
Payment in kind interest income	355,161		88,106		2,073,035	706,339
Dividend income(*):
Dividend from investments	172,557	[1]	509,365	[1]	584,827	621,398
Net realized gain (loss) from investments:
Net realized gain (loss) from investments	4,806,390		60,565		5,365,091	151,256
Net change in unrealized appreciation (depreciation) on investments:
Net change in unrealized appreciation (depreciation) on investments	(7,026,951)		(1,948,502)		39,654,726	(15,334,087)
Investment, Affiliated Issuer [Member]
Interest income:
Interest Income	458,765		1,165,585		1,446,620	2,799,735
Payment in kind interest income:
Payment in kind interest income	424,357		221,348		915,807	644,484
Total interest from investments	2,362,427
Management fee income
Net change in unrealized appreciation (depreciation) on investments:
Net change in unrealized appreciation (depreciation) on investments	179,825		(1,084,259)		1,134,493	(1,289,895)
Investment, Affiliated Issuer, Controlled [Member]
Interest income:
Interest Income	1,220,769		2,183,242		4,465,137	6,314,550
Payment in kind interest income:
Payment in kind interest income			258,729		284,590	542,581
Total interest from investments	4,749,727
Management fee income	2,372,177
Dividend income(*):
Dividend from investments	948,102	[1]	1,319,219	[1]	3,160,742	4,679,699
Net realized gain (loss) from investments:
Net realized gain (loss) from investments	638,355				(54,564,070)
Net change in unrealized appreciation (depreciation) on investments:
Net change in unrealized appreciation (depreciation) on investments	$ (2,071,457)		$ (14,833,592)		$ (7,048,216)	$ (23,302,249)
[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 ($)	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
INCREASE FROM OPERATIONS:
Net investment income	$ 44,968,058	$ 44,089,797
Net realized gain (loss) from investments	(49,198,979)	151,256
Realized losses on extinguishment of debt		(110,056)
Net change in unrealized appreciation (depreciation) on investments	33,741,003	(39,926,231)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(747,063)	(577,693)
Net increase in net assets resulting from operations	28,763,019	3,627,073
DECREASE FROM SHAREHOLDER DISTRIBUTIONS:
Total distributions to shareholders	(30,276,137)	(25,832,379)
Net decrease in net assets from shareholder distributions	(30,276,137)	(25,832,379)
CAPITAL SHARE TRANSACTIONS:
Proceeds from issuance of common stock	2,777,426	31,510,617
Capital contribution from Manager	199,652	3,093,288
Stock dividend distribution	3,220,162	2,667,152
Repurchases of common stock		(2,157,605)
Repurchase fees		(1,772)
Offering costs	(42,575)	(305,667)
Net increase in net assets from capital share transactions	6,154,665	34,806,013
Total increase in net assets	4,641,547	12,600,707
Net assets at beginning of period	370,224,108	346,958,042
Net assets at end of period	$ 374,865,655	$ 359,558,749

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Operating activities
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ 28,763,019	$ 3,627,073
ADJUSTMENTS TO RECONCILE NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:
Distributions from CLO, payment-in-kind and other adjustments to cost	(4,546,611)	4,054,128
Net accretion of discount on investments	(2,181,920)	(1,641,652)
Amortization of deferred debt financing costs	3,781,712	3,909,127
Realized losses on extinguishment of debt		110,056
Income tax expense (benefit)	43,168	(11,193)
Net realized (gain) loss from investments	49,198,979	(151,256)
Net change in unrealized (appreciation) depreciation on investments	(33,741,003)	39,926,231
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	747,063	577,693
Proceeds from sales and repayments of investments	296,246,215	19,247,834
Purchases of investments	(126,275,103)	(202,883,641)
(Increase) decrease in operating assets:
Interest receivable	2,836,864	(1,075,968)
Management fee receivable	15,655	(223)
Other assets	(707,967)	(401,046)
Current income tax receivable	97,745	336,875
Increase (decrease) in operating liabilities:
Base management and incentive fees payable	(625,382)	(3,975,165)
Accounts payable and accrued expenses	1,162,668	621,900
Interest and debt fees payable	2,293,679	956,499
Directors fees payable		(14,932)
Due to Manager	346,396	239,065
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	217,455,177	(136,548,595)
Financing activities
Borrowings on debt	30,000,000	62,500,000
Paydowns on debt	(12,500,000)	(57,000,000)
Issuance of notes		77,500,000
Payments of deferred debt financing costs	(1,176,806)	(4,474,813)
Proceeds from issuance of common stock	2,777,426	31,510,617
Capital contribution from Manager	199,652	3,093,288
Payments of cash dividends	(27,055,975)	(23,165,227)
Repurchases of common stock		(2,157,605)
Repurchases fees		(1,772)
Payments of offering costs	(42,575)	(305,667)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(7,798,278)	87,498,821
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND CASH AND CASH EQUIVALENTS, RESERVE ACCOUNTS	209,656,899	(49,049,774)
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)	250,164,023	47,026,499
Supplemental information:
Interest paid during the period	33,059,630	31,763,015
Cash paid for taxes	617,665	654,930
Supplemental non-cash information:
Payment-in-kind interest income and other adjustments to cost	9,920,201	(4,054,128)
Net accretion of discount on investments	2,181,920	1,641,652
Amortization of deferred debt financing costs	3,781,712	3,909,127
Stock dividend distribution	$ 3,220,162	$ 2,667,152

Consolidated Schedule of Invest

Consolidated Schedule of Investments (Unaudited) - USD ($)		9 Months Ended		12 Months Ended
		Nov. 30, 2024		Feb. 29, 2024
Fair Value		$ 960,093,232		$ 1,138,793,789
Cost		$ 967,342,177		$ 1,179,783,737
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - Class A Preferred Units
% of Net Assets	[3]	0.20%	[1],[2]	1.10%	[4],[5]
Fair Value	[3],[6]	$ 610,944	[1],[2]	$ 4,009,323	[4],[5]
Cost	[3]	4,169,599	[1],[2]	4,169,599	[4],[5]
Principal/ Number of Shares	[3]	$ 3,818,400	[1],[2]	$ 3,818,400	[4],[5]
Original Acquisition Date	[3]	Aug. 05, 2022	[1],[2]	Aug. 05, 2022	[4],[5]
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - Delayed Draw Term Loan (3M USD TERM SOFR+8.40%), 12.86% Cash, 8/5/2027
% of Net Assets	[2],[3],[7]	6.80%
Fair Value	[2],[3],[6],[7]	$ 25,644,209
Cost	[2],[3],[7]	26,905,399
Principal/ Number of Shares	[2],[3],[7]	$ 26,914,577
Original Acquisition Date	[2],[3],[7]	Aug. 05, 2022
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - Delayed Draw Term Loan (3M USD TERM SOFR+8.47%), 13.81% Cash, 8/5/2027
% of Net Assets	[3],[5],[7],[8]			7.30%
Fair Value	[3],[5],[6],[7],[8]			$ 26,876,897
Cost	[3],[5],[7],[8]			26,903,916
Principal/ Number of Shares	[3],[5],[7],[8]			$ 26,914,577
Original Acquisition Date	[3],[5],[7],[8]			Aug. 05, 2022
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+8.40%), 12.86% Cash, 8/5/2027
% of Net Assets	[2],[3],[7]	1.70%
Fair Value	[2],[3],[6],[7]	$ 6,193,200
Cost	[2],[3],[7]	6,448,840
Principal/ Number of Shares	[2],[3],[7]	$ 6,500,000
Original Acquisition Date	[2],[3],[7]	Aug. 05, 2022
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+8.47%), 13.81% Cash, 8/5/2027
% of Net Assets	[3],[5],[7]			1.80%
Fair Value	[3],[5],[6],[7]			$ 6,490,900
Cost	[3],[5],[7]			6,438,832
Principal/ Number of Shares	[3],[5],[7]			$ 6,500,000
Original Acquisition Date	[3],[5],[7]			Aug. 05, 2022
Investment, Identifier [Axis]: ActiveProspect, Inc. - Lead Management Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 10.67% Cash, 8/8/2027
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	Aug. 08, 2022
Investment, Identifier [Axis]: ActiveProspect, Inc. - Lead Management Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 11.53% Cash, 8/8/2027
% of Net Assets	[3],[5],[8]			0%
Fair Value	[3],[5],[6],[8]
Cost	[3],[5],[8]
Principal/ Number of Shares	[3],[5],[8]
Original Acquisition Date	[3],[5],[8]			Aug. 08, 2022
Investment, Identifier [Axis]: ActiveProspect, Inc. - Lead Management Software - First Lien Term Loan (3M USD TERM SOFR+6.00%), 10.67% Cash, 8/8/2027
% of Net Assets	[2],[3],[7]	3.10%
Fair Value	[2],[3],[6],[7]	$ 11,640,880
Cost	[2],[3],[7]	11,462,397
Principal/ Number of Shares	[2],[3],[7]	$ 11,525,624
Original Acquisition Date	[2],[3],[7]	Aug. 08, 2022
Investment, Identifier [Axis]: ActiveProspect, Inc. - Lead Management Software - First Lien Term Loan (3M USD TERM SOFR+6.00%), 11.53% Cash, 8/8/2027
% of Net Assets	[3],[5],[7]			3.30%
Fair Value	[3],[5],[6],[7]			$ 12,120,000
Cost	[3],[5],[7]			11,920,834
Principal/ Number of Shares	[3],[5],[7]			$ 12,000,000
Original Acquisition Date	[3],[5],[7]			Aug. 08, 2022
Investment, Identifier [Axis]: AgencyBloc, LLC - Insurance Software - First Lien Term Loan (1M USD TERM SOFR+7.76%), 12.29% Cash, 10/1/2026
% of Net Assets	[2],[3]	4.20%
Fair Value	[2],[3],[6]	$ 15,692,584
Cost	[2],[3]	15,600,419
Principal/ Number of Shares	[2],[3]	$ 15,675,341
Original Acquisition Date	[2],[3]	Oct. 01, 2021
Investment, Identifier [Axis]: AgencyBloc, LLC - Insurance Software - First Lien Term Loan (1M USD TERM SOFR+7.76%), 13.09% Cash, 10/1/2026
% of Net Assets	[3],[5]			4.30%
Fair Value	[3],[5],[6]			$ 15,806,231
Cost	[3],[5]			15,686,250
Principal/ Number of Shares	[3],[5]			$ 15,788,864
Original Acquisition Date	[3],[5]			Oct. 01, 2021
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - Class A Preferred Units
% of Net Assets	[3],[4],[5]			0.80%
Fair Value	[3],[4],[5],[6]			$ 2,859,121
Cost	[3],[4],[5]			2,850,000
Principal/ Number of Shares	[3],[4],[5]			$ 2,850,000
Original Acquisition Date	[3],[4],[5]			Mar. 20, 2023
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - Delayed Draw Term Loan (1M USD TERM SOFR+9.93%), 14.46% Cash, 3/20/2028
% of Net Assets	[2],[3],[9]	3.10%
Fair Value	[2],[3],[6],[9]	$ 11,676,333
Cost	[2],[3],[9]	11,305,102
Principal/ Number of Shares	[2],[3],[9]	$ 11,447,385
Original Acquisition Date	[2],[3],[9]	Mar. 20, 2023
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - Delayed Draw Term Loan (1M USD TERM SOFR+9.98%), 15.30% Cash, 3/20/2028
% of Net Assets	[3],[5],[8]			2.40%
Fair Value	[3],[5],[6],[8]			$ 8,731,580
Cost	[3],[5],[8]			8,482,841
Principal/ Number of Shares	[3],[5],[8]			$ 8,600,000
Original Acquisition Date	[3],[5],[8]			Mar. 20, 2023
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - First Lien Term Loan (1M USD TERM SOFR+9.93%), 14.46% Cash, 3/20/2028
% of Net Assets	[2],[3]	1.20%
Fair Value	[2],[3],[6]	$ 3,978,000
Cost	[2],[3]	3,854,880
Principal/ Number of Shares	[2],[3]	$ 3,900,000
Original Acquisition Date	[2],[3]	Mar. 20, 2023
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - First Lien Term Loan (1M USD TERM SOFR+9.98%), 15.30% Cash, 3/20/2028
% of Net Assets	[3],[5]			1.20%
Fair Value	[3],[5],[6]			$ 3,959,670
Cost	[3],[5]			3,847,845
Principal/ Number of Shares	[3],[5]			$ 3,900,000
Original Acquisition Date	[3],[5]			Mar. 20, 2023
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services -Class A Preferred Units
% of Net Assets	[1],[2],[3]	1%
Fair Value	[1],[2],[3],[6]	$ 3,624,323
Cost	[1],[2],[3]	3,675,000
Principal/ Number of Shares	[1],[2],[3]	$ 3,675,000
Original Acquisition Date	[1],[2],[3]	Mar. 20, 2023
Investment, Identifier [Axis]: Alternative Investment Management Software
% of Net Assets	[3]	3.10%	[2]	2.90%	[5]
Fair Value	[3],[6]	$ 11,585,573	[2]	$ 10,779,336	[5]
Cost	[3]	$ 10,790,649	[2]	$ 9,840,328	[5]
Investment, Identifier [Axis]: Altvia MidCo, LLC. - Alternative Investment Management Software - First Lien Term Loan (3M USD TERM SOFR+8.50%), 13.83% Cash, 7/18/2027
% of Net Assets	[3],[5]			2.10%
Fair Value	[3],[5],[6]			$ 7,884,990
Cost	[3],[5]			7,840,328
Principal/ Number of Shares	[3],[5]			$ 7,900,000
Original Acquisition Date	[3],[5]			Jul. 18, 2022
Investment, Identifier [Axis]: Altvia MidCo, LLC. - Alternative Investment Management Software - First Lien Term Loan (3M USD TERM SOFR+8.50%),12.97% Cash, 7/18/2027
% of Net Assets	[2],[3]	2.40%
Fair Value	[2],[3],[6]	$ 8,867,544
Cost	[2],[3]	8,790,649
Principal/ Number of Shares	[2],[3]	$ 8,857,800
Original Acquisition Date	[2],[3]	Jul. 18, 2022
Investment, Identifier [Axis]: Altvia MidCo, LLC. - Alternative Investment Management Software - Series A-1 Preferred Shares
% of Net Assets	[3]	0.70%	[1],[2]	0.80%	[4],[5]
Fair Value	[3],[6]	$ 2,718,029	[1],[2]	$ 2,894,346	[4],[5]
Cost	[3]	2,000,000	[1],[2]	2,000,000	[4],[5]
Principal/ Number of Shares	[3]	$ 2,000,000	[1],[2]	$ 2,000,000	[4],[5]
Original Acquisition Date	[3]	Jul. 18, 2022	[1],[2]	Jul. 18, 2022	[4],[5]
Investment, Identifier [Axis]: ArbiterSports, LLC - Sports Management - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 11.33% Cash, 2/21/2025
% of Net Assets	[3],[5]			0.30%
Fair Value	[3],[5],[6]			$ 1,000,000
Cost	[3],[5]			1,000,000
Principal/ Number of Shares	[3],[5]			$ 1,000,000
Original Acquisition Date	[3],[5]			Feb. 21, 2020
Investment, Identifier [Axis]: ArbiterSports, LLC - Sports Management - First Lien Term Loan (3M USD TERM SOFR+6.00%), 11.33% Cash, 2/21/2025
% of Net Assets	[3],[5],[7]			7%
Fair Value	[3],[5],[6],[7]			$ 26,000,000
Cost	[3],[5],[7]			25,945,071
Principal/ Number of Shares	[3],[5],[7]			$ 26,000,000
Original Acquisition Date	[3],[5],[7]			Feb. 21, 2020
Investment, Identifier [Axis]: Archimedes Parent LLC - Research Software - Class A Common Units
% of Net Assets	[3]	0.60%	[1],[2]	0.70%	[4],[5]
Fair Value	[3],[6]	$ 2,421,510	[1],[2]	$ 2,475,160	[4],[5]
Cost	[3]	2,475,160	[1],[2]	2,475,160	[4],[5]
Principal/ Number of Shares	[3]	$ 2,475,160	[1],[2]	$ 2,475,160	[4],[5]
Original Acquisition Date	[3]	Jun. 27, 2022	[1],[2]	Jun. 27, 2022	[4],[5]
Investment, Identifier [Axis]: Architecture & Engineering Software
% of Net Assets	[3]	6.90%	[2]	6.80%	[5]
Fair Value	[3],[6]	$ 25,755,000	[2]	$ 25,247,475	[5]
Cost	[3]	$ 25,053,354	[2]	$ 25,029,150	[5]
Investment, Identifier [Axis]: Artemis Wax Corp. - Consumer Services - Delayed Draw Term Loan (1M USD TERM SOFR+6.75%), 12.07% Cash, 5/20/2026
% of Net Assets	[3],[5],[7],[8]			15.70%
Fair Value	[3],[5],[6],[7],[8]			$ 58,149,750
Cost	[3],[5],[7],[8]			57,208,255
Principal/ Number of Shares	[3],[5],[7],[8]			$ 57,500,000
Original Acquisition Date	[3],[5],[7],[8]			May 20, 2021
Investment, Identifier [Axis]: Artemis Wax Corp. - Consumer Services - Delayed Draw Term Loan (1M USD TERM SOFR+7.50%), 12.03% Cash, 5/20/2026
% of Net Assets	[2],[3],[7],[9]	15.20%
Fair Value	[2],[3],[6],[7],[9]	$ 56,850,250
Cost	[2],[3],[7],[9]	57,301,213
Principal/ Number of Shares	[2],[3],[7],[9]	$ 57,500,000
Original Acquisition Date	[2],[3],[7],[9]	May 20, 2021
Investment, Identifier [Axis]: Artemis Wax Corp. - Consumer Services - Series B-1 Preferred Stock
% of Net Assets	[3]	0.20%	[1],[2]	1.30%	[4],[5]
Fair Value	[3],[6]	$ 615,929	[1],[2]	$ 4,822,941	[4],[5]
Cost	[3]	1,500,000	[1],[2]	1,500,000	[4],[5]
Principal/ Number of Shares	[3]	$ 934,463	[1],[2]	$ 934,463	[4],[5]
Original Acquisition Date	[3]	May 20, 2021	[1],[2]	May 20, 2021	[4],[5]
Investment, Identifier [Axis]: Artemis Wax Corp. - Consumer Services - Series D Preferred Stock
% of Net Assets	[3]	0.60%	[1],[2]	0.50%	[4],[5]
Fair Value	[3],[6]	$ 2,087,850	[1],[2]	$ 1,716,380	[4],[5]
Cost	[3]	1,711,866	[1],[2]	1,500,000	[4],[5]
Principal/ Number of Shares	[3]	$ 331,640	[1],[2]	$ 278,769	[4],[5]
Original Acquisition Date	[3]	Dec. 22, 2022	[1],[2]	Dec. 22, 2022	[4],[5]
Investment, Identifier [Axis]: Ascend Software, LLC - Financial Services Software - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 12.23% Cash, 12/15/2026
% of Net Assets	[2],[3],[9]	1.10%
Fair Value	[2],[3],[6],[9]	$ 4,034,610
Cost	[2],[3],[9]	4,035,166
Principal/ Number of Shares	[2],[3],[9]	$ 4,050,000
Original Acquisition Date	[2],[3],[9]	Dec. 15, 2021
Investment, Identifier [Axis]: Ascend Software, LLC - Financial Services Software - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 13.10% Cash, 12/15/2026
% of Net Assets	[3],[5],[8]			1.10%
Fair Value	[3],[5],[6],[8]			$ 3,996,135
Cost	[3],[5],[8]			4,029,154
Principal/ Number of Shares	[3],[5],[8]			$ 4,050,000
Original Acquisition Date	[3],[5],[8]			Dec. 15, 2021
Investment, Identifier [Axis]: Ascend Software, LLC - Financial Services Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 12.23% Cash, 12/15/2026
% of Net Assets	[2],[3]	1.60%
Fair Value	[2],[3],[6]	$ 5,977,200
Cost	[2],[3]	5,970,627
Principal/ Number of Shares	[2],[3]	$ 6,000,000
Original Acquisition Date	[2],[3]	Dec. 15, 2021
Investment, Identifier [Axis]: Ascend Software, LLC - Financial Services Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 13.10% Cash, 12/15/2026
% of Net Assets	[3],[5]			1.60%
Fair Value	[3],[5],[6]			$ 5,920,200
Cost	[3],[5]			5,961,680
Principal/ Number of Shares	[3],[5]			$ 6,000,000
Original Acquisition Date	[3],[5]			Dec. 15, 2021
Investment, Identifier [Axis]: Association Management Software
% of Net Assets	[3]	6.80%	[2]	6.50%	[5]
Fair Value	[3],[6]	$ 25,365,793	[2]	$ 24,088,940	[5]
Cost	[3]	$ 24,157,492	[2]	$ 23,364,477	[5]
Investment, Identifier [Axis]: Avantra (Maple Holdings Midco Limited) - IT Services - First Lien Term Loan (3M USD TERM SOFR+7.97%), 12.44% Cash, 9/20/2029
% of Net Assets	[2],[3]	4.50%
Fair Value	[2],[3],[6]	$ 16,809,600
Cost	[2],[3]	16,816,077
Principal/ Number of Shares	[2],[3]	$ 17,000,000
Original Acquisition Date	[2],[3]	Sep. 19, 2024
Investment, Identifier [Axis]: Avionte Holdings, LLC - Staffing Services - Class A Units
% of Net Assets	[3],[4],[5]			0.90%
Fair Value	[3],[4],[5],[6]			$ 3,287,970
Cost	[3],[4],[5]			100,000
Principal/ Number of Shares	[3],[4],[5]			$ 100,000
Original Acquisition Date	[3],[4],[5]			Jan. 08, 2014
Investment, Identifier [Axis]: Avionte Holdings, LLC - Staffing Services -Class A Units
% of Net Assets	[1],[2],[3]	0.80%
Fair Value	[1],[2],[3],[6]	$ 3,136,598
Cost	[1],[2],[3]	100,000
Principal/ Number of Shares	[1],[2],[3]	$ 100,000
Original Acquisition Date	[1],[2],[3]	Jan. 08, 2014
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Delayed Draw Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash, 6/30/2026
% of Net Assets	[3],[5],[10]			0.30%
Fair Value	[3],[5],[6],[10]			$ 1,111,000
Cost	[3],[5],[10]			1,092,870
Principal/ Number of Shares	[3],[5],[10]			$ 1,100,000
Original Acquisition Date	[3],[5],[10]			Jun. 30, 2021
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Delayed Draw Term Loan 4.50% Cash, (3M USD TERM SOFR + 2.50%) PIK, 12/31/2027
% of Net Assets	[2],[3],[11]	0.30%
Fair Value	[2],[3],[6],[11]	$ 1,110,870
Cost	[2],[3],[11]	1,105,403
Principal/ Number of Shares	[2],[3],[11]	$ 1,110,870
Original Acquisition Date	[2],[3],[11]	Jun. 30, 2021
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - First Lien Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash, 6/30/2026
% of Net Assets	[3],[5],[10]			1.50%
Fair Value	[3],[5],[6],[10]			$ 5,555,000
Cost	[3],[5],[10]			5,468,859
Principal/ Number of Shares	[3],[5],[10]			$ 5,500,000
Original Acquisition Date	[3],[5],[10]			Jun. 30, 2021
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - First Lien Term Loan 4.50% Cash, (3M USD TERM SOFR + 2.50%) PIK, 12/31/2027
% of Net Assets	[2],[3],[11]	4.20%
Fair Value	[2],[3],[6],[11]	$ 15,653,168
Cost	[2],[3],[11]	15,629,225
Principal/ Number of Shares	[2],[3],[11]	$ 15,653,168
Original Acquisition Date	[2],[3],[11]	Jun. 30, 2021
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Revolving Credit Facility (3M USD TERM SOFR+8.00%), 13.48% Cash, 6/30/2026
% of Net Assets	[3],[5],[8],[10]			0%
Fair Value	[3],[5],[6],[8],[10]
Cost	[3],[5],[8],[10]
Principal/ Number of Shares	[3],[5],[8],[10]
Original Acquisition Date	[3],[5],[8],[10]			Feb. 03, 2022
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Revolving Credit Facility 4.50% Cash, (3M USD TERM SOFR + 2.50%) PIK, 12/31/2027
% of Net Assets	[2],[3],[9],[11]	0%
Fair Value	[2],[3],[6],[9],[11]
Cost	[2],[3],[9],[11]
Principal/ Number of Shares	[2],[3],[9],[11]
Original Acquisition Date	[2],[3],[9],[11]	Feb. 03, 2022
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Series A Preferred Units
% of Net Assets	[3]	0.90%	[1],[2],[11]	0.80%	[4],[5],[10]
Fair Value	[3],[6]	$ 3,403,000	[1],[2],[11]	$ 2,877,000	[4],[5],[10]
Cost	[3]	2,055,609	[1],[2],[11]	2,055,609	[4],[5],[10]
Principal/ Number of Shares	[3]	$ 2,055,609	[1],[2],[11]	$ 2,055,609	[4],[5],[10]
Original Acquisition Date	[3]	Jun. 30, 2021	[1],[2],[11]	Jun. 30, 2021	[4],[5],[10]
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Series B Preferred Units
% of Net Assets	[3]	1.60%	[1],[2],[11]	1.20%	[4],[5],[10]
Fair Value	[3],[6]	$ 6,518,621	[1],[2],[11]	$ 4,606,607	[4],[5],[10]
Cost	[3]	2,055,609	[1],[2],[11]	2,055,609	[4],[5],[10]
Principal/ Number of Shares	[3]	$ 2,055,609	[1],[2],[11]	$ 2,055,609	[4],[5],[10]
Original Acquisition Date	[3]	Jun. 30, 2021	[1],[2],[11]	Jun. 30, 2021	[4],[5],[10]
Investment, Identifier [Axis]: Axiom Medical Consulting, LLC - Healthcare Services - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 10.47% Cash, 9/11/2028
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	Sep. 11, 2023
Investment, Identifier [Axis]: Axiom Medical Consulting, LLC - Healthcare Services - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 11.33% Cash, 9/11/2028
% of Net Assets	[3],[5],[8]			0%
Fair Value	[3],[5],[6],[8]
Cost	[3],[5],[8]
Principal/ Number of Shares	[3],[5],[8]
Original Acquisition Date	[3],[5],[8]			Sep. 11, 2023
Investment, Identifier [Axis]: Axiom Medical Consulting, LLC - Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+6.00%), 10.47% Cash, 9/11/2028
% of Net Assets	[2],[3]	2.70%
Fair Value	[2],[3],[6]	$ 10,082,000
Cost	[2],[3]	9,928,579
Principal/ Number of Shares	[2],[3]	$ 10,000,000
Original Acquisition Date	[2],[3]	Sep. 11, 2023
Investment, Identifier [Axis]: Axiom Medical Consulting, LLC - Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+6.00%), 11.33% Cash, 9/11/2028
% of Net Assets	[3],[5]			2.70%
Fair Value	[3],[5],[6]			$ 9,913,000
Cost	[3],[5]			9,917,367
Principal/ Number of Shares	[3],[5]			$ 10,000,000
Original Acquisition Date	[3],[5]			Sep. 11, 2023
Investment, Identifier [Axis]: Axiom Parent Holdings, LLC - Healthcare Services - Class A Preferred Units
% of Net Assets	[3]	0.20%	[1],[2]	0.20%	[4],[5]
Fair Value	[3],[6]	$ 628,910	[1],[2]	$ 630,740	[4],[5]
Cost	[3]	258,389	[1],[2]	258,389	[4],[5]
Principal/ Number of Shares	[3]	$ 400,000	[1],[2]	$ 400,000	[4],[5]
Original Acquisition Date	[3]	Jun. 19, 2018	[1],[2]	Jun. 19, 2018	[4],[5]
Investment, Identifier [Axis]: BQE Software, Inc. - Architecture & Engineering Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.75%), 11.22% Cash, 4/13/2028
% of Net Assets	[2],[3],[9]	0.20%
Fair Value	[2],[3],[6],[9]	$ 765,000
Cost	[2],[3],[9]	745,836
Principal/ Number of Shares	[2],[3],[9]	$ 750,000
Original Acquisition Date	[2],[3],[9]	Apr. 13, 2023
Investment, Identifier [Axis]: BQE Software, Inc. - Architecture & Engineering Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.75%), 12.08% Cash, 4/13/2028
% of Net Assets	[3],[5],[8]			0.20%
Fair Value	[3],[5],[6],[8]			$ 749,925
Cost	[3],[5],[8]			743,481
Principal/ Number of Shares	[3],[5],[8]			$ 750,000
Original Acquisition Date	[3],[5],[8]			Apr. 13, 2023
Investment, Identifier [Axis]: BQE Software, Inc. - Architecture & Engineering Software - First Lien Term Loan (3M USD TERM SOFR+6.75%), 11.22% Cash, 4/13/2028
% of Net Assets	[2],[3],[7]	6.70%
Fair Value	[2],[3],[6],[7]	$ 24,990,000
Cost	[2],[3],[7]	24,307,518
Principal/ Number of Shares	[2],[3],[7]	$ 24,500,000
Original Acquisition Date	[2],[3],[7]	Apr. 13, 2023
Investment, Identifier [Axis]: BQE Software, Inc. - Architecture & Engineering Software - First Lien Term Loan (3M USD TERM SOFR+6.75%), 12.08% Cash, 4/13/2028
% of Net Assets	[3],[5]			6.60%
Fair Value	[3],[5],[6]			$ 24,497,550
Cost	[3],[5]			24,285,669
Principal/ Number of Shares	[3],[5]			$ 24,500,000
Original Acquisition Date	[3],[5]			Apr. 13, 2023
Investment, Identifier [Axis]: Book4Time, Inc. - Hospitality/Hotel - Class A Preferred Shares
% of Net Assets	[3],[4],[5],[12],[13]			0.10%
Fair Value	[3],[4],[5],[6],[12],[13]			$ 389,531
Cost	[3],[4],[5],[12],[13]			156,826
Principal/ Number of Shares	[3],[4],[5],[12],[13]			$ 200,000
Original Acquisition Date	[3],[4],[5],[12],[13]			Dec. 22, 2020
Investment, Identifier [Axis]: Book4Time, Inc. - Hospitality/Hotel - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 12.83%, 12/22/2025
% of Net Assets	[3],[5],[13]			0.50%
Fair Value	[3],[5],[6],[13]			$ 2,000,000
Cost	[3],[5],[13]			1,989,839
Principal/ Number of Shares	[3],[5],[13]			$ 2,000,000
Original Acquisition Date	[3],[5],[13]			Dec. 22, 2020
Investment, Identifier [Axis]: Book4Time, Inc. - Hospitality/Hotel - First Lien Term Loan (3M USD TERM SOFR+7.50%), 12.83%, 12/22/2025
% of Net Assets	[3],[5],[7],[13]			0.80%
Fair Value	[3],[5],[6],[7],[13]			$ 3,136,517
Cost	[3],[5],[7],[13]			3,122,542
Principal/ Number of Shares	[3],[5],[7],[13]			$ 3,136,517
Original Acquisition Date	[3],[5],[7],[13]			Dec. 22, 2020
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 11.57% Cash, 7/9/2025
% of Net Assets	[2],[3]	10%
Fair Value	[2],[3],[6]	$ 37,368,100
Cost	[2],[3]	38,417,815
Principal/ Number of Shares	[2],[3]	$ 38,500,000
Original Acquisition Date	[2],[3]	Feb. 12, 2021
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.47% Cash, 7/9/2025
% of Net Assets	[3],[5]			10.10%
Fair Value	[3],[5],[6]			$ 37,487,450
Cost	[3],[5]			38,342,798
Principal/ Number of Shares	[3],[5]			$ 38,500,000
Original Acquisition Date	[3],[5]			Feb. 12, 2021
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - First Lien Term Loan (3M USD TERM SOFR+7.00%), 11.57% Cash, 7/9/2025
% of Net Assets	[2],[3],[7]	3.60%
Fair Value	[2],[3],[6],[7]	$ 13,588,400
Cost	[2],[3],[7]	13,973,317
Principal/ Number of Shares	[2],[3],[7]	$ 14,000,000
Original Acquisition Date	[2],[3],[7]	Jul. 09, 2020
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.43% Cash, 7/9/2025
% of Net Assets	[3],[5],[7]			3.70%
Fair Value	[3],[5],[6],[7]			$ 13,631,800
Cost	[3],[5],[7]			13,950,236
Principal/ Number of Shares	[3],[5],[7]			$ 14,000,000
Original Acquisition Date	[3],[5],[7]			Jul. 09, 2020
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - Limited Partner Interests
% of Net Assets	[3],[12]	0.20%	[1],[2]	0.30%	[4],[5]
Fair Value	[3],[6],[12]	$ 846,303	[1],[2]	$ 1,231,195	[4],[5]
Cost	[3],[12]	1,372,557	[1],[2]	1,372,557	[4],[5]
Principal/ Number of Shares	[3],[12]	$ 1,250	[1],[2]	$ 1,250	[4],[5]
Original Acquisition Date	[3],[12]	Jul. 09, 2020	[1],[2]	Jul. 09, 2020	[4],[5]
Investment, Identifier [Axis]: C2 Education Systems, Inc. - Education Services - Series A-1 Preferred Stock
% of Net Assets	[3],[4],[5]			0.20%
Fair Value	[3],[4],[5],[6]			$ 576,118
Cost	[3],[4],[5]			499,904
Principal/ Number of Shares	[3],[4],[5]			$ 3,127
Original Acquisition Date	[3],[4],[5]			May 18, 2021
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - Delayed Draw Term Loan (3M USD TERM SOFR+8.50%), 12.97% Cash, 5/31/2025
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	Apr. 28, 2023
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - Delayed Draw Term Loan (3M USD TERM SOFR+8.50%), 13.83% Cash, 5/31/2025
% of Net Assets	[3],[5],[8]			0%
Fair Value	[3],[5],[6],[8]
Cost	[3],[5],[8]
Principal/ Number of Shares	[3],[5],[8]
Original Acquisition Date	[3],[5],[8]			Apr. 28, 2023
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - First Lien Term Loan (3M USD TERM SOFR+8.50%), 12.97% Cash, 5/31/2025
% of Net Assets	[2],[3],[7]	6.10%
Fair Value	[2],[3],[6],[7]	$ 22,981,600
Cost	[2],[3],[7]	22,984,603
Principal/ Number of Shares	[2],[3],[7]	$ 23,000,000
Original Acquisition Date	[2],[3],[7]	May 31, 2017
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - First Lien Term Loan (3M USD TERM SOFR+8.50%), 13.83% Cash, 5/31/2025
% of Net Assets	[3],[5],[7]			5.80%
Fair Value	[3],[5],[6],[7]			$ 21,459,150
Cost	[3],[5],[7]			21,478,821
Principal/ Number of Shares	[3],[5],[7]			$ 21,500,000
Original Acquisition Date	[3],[5],[7]			May 31, 2017
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - Series A-1 Preferred Stock
% of Net Assets	[1],[2],[3]	0.20%
Fair Value	[1],[2],[3],[6]	$ 598,074
Cost	[1],[2],[3]	499,904
Principal/ Number of Shares	[1],[2],[3]	$ 3,127
Original Acquisition Date	[1],[2],[3]	May 18, 2021
Investment, Identifier [Axis]: Centerbase, LLC - Legal Software - First Lien Term Loan (3M USD TERM SOFR+7.75%), 13.08% Cash, 1/18/2027
% of Net Assets	[3],[5]			5.60%
Fair Value	[3],[5],[6]			$ 20,709,446
Cost	[3],[5]			20,882,496
Principal/ Number of Shares	[3],[5]			$ 21,033,360
Original Acquisition Date	[3],[5]			Jan. 18, 2022
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - First Lien Term Loan (3M USD TERM SOFR+5.25%), 10.73% Cash, 8/26/2026
% of Net Assets	[3],[5]			4%
Fair Value	[3],[5],[6]			$ 14,841,000
Cost	[3],[5]			14,911,921
Principal/ Number of Shares	[3],[5]			$ 15,000,000
Original Acquisition Date	[3],[5]			Aug. 26, 2021
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - First Lien Term Loan (3M USD TERM SOFR+5.25%), 9.87% Cash, 8/26/2026
% of Net Assets	[2],[3]	4%
Fair Value	[2],[3],[6]	$ 14,869,500
Cost	[2],[3]	14,934,015
Principal/ Number of Shares	[2],[3]	$ 15,000,000
Original Acquisition Date	[2],[3]	Aug. 26, 2021
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - First Lien Term Loan (3M USD TERM SOFR+6.00%), 10.62% Cash, 8/26/2026
% of Net Assets	[2],[3],[7]	1.30%
Fair Value	[2],[3],[6],[7]	$ 4,956,500
Cost	[2],[3],[7]	4,970,378
Principal/ Number of Shares	[2],[3],[7]	$ 5,000,000
Original Acquisition Date	[2],[3],[7]	Aug. 26, 2021
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - First Lien Term Loan (3M USD TERM SOFR+6.00%), 11.48% Cash, 8/26/2026
% of Net Assets	[3],[5]			1.30%
Fair Value	[3],[5],[6]			$ 4,947,000
Cost	[3],[5]			4,962,938
Principal/ Number of Shares	[3],[5]			$ 5,000,000
Original Acquisition Date	[3],[5]			Aug. 26, 2021
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - Series A Preferred Stock
% of Net Assets	[3]	0.60%	[1],[2]	0.60%	[4],[5]
Fair Value	[3],[6]	$ 2,070,892	[1],[2]	$ 2,280,881	[4],[5]
Cost	[3]	3,000,000	[1],[2]	3,000,000	[4],[5]
Principal/ Number of Shares	[3]	$ 3,000	[1],[2]	$ 3,000	[4],[5]
Original Acquisition Date	[3]	Aug. 26, 2021	[1],[2]	Aug. 26, 2021	[4],[5]
Investment, Identifier [Axis]: Cloudpermit Intermediate Holding Company - Municipal Government Software - Delayed Draw Term Loan (3M USD TERM SOFR+5.75%), 10.22% Cash, 9/5/2029
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	Sep. 05, 2024
Investment, Identifier [Axis]: Cloudpermit Intermediate Holding Company - Municipal Government Software - First Lien Term Loan (3M USD TERM SOFR+5.75%), 10.22% Cash, 9/5/2029
% of Net Assets	[2],[3]	7.40%
Fair Value	[2],[3],[6]	$ 27,720,000
Cost	[2],[3]	27,730,175
Principal/ Number of Shares	[2],[3]	$ 28,000,000
Original Acquisition Date	[2],[3]	Sep. 05, 2024
Investment, Identifier [Axis]: Cloudpermit Intermediate Holding Company - Municipal Government Software - Limited Partner Interests
% of Net Assets	[1],[2],[3]	0.50%
Fair Value	[1],[2],[3],[6]	$ 2,000,000
Cost	[1],[2],[3]	2,000,000
Principal/ Number of Shares	[1],[2],[3]	$ 2,000
Original Acquisition Date	[1],[2],[3]	Sep. 05, 2024
Investment, Identifier [Axis]: ComForCare Health Care - Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+6.25%), 10.72% Cash, 12/31/2027
% of Net Assets	[2],[3],[7]	14.70%
Fair Value	[2],[3],[6],[7]	$ 55,220,000
Cost	[2],[3],[7]	54,735,947
Principal/ Number of Shares	[2],[3],[7]	$ 55,000,000
Original Acquisition Date	[2],[3],[7]	Jan. 31, 2017
Investment, Identifier [Axis]: ComForCare Health Care - Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+6.25%), 11.58% Cash, 1/31/2025
% of Net Assets	[3],[5],[7]			6.80%
Fair Value	[3],[5],[6],[7]			$ 25,000,000
Cost	[3],[5],[7]			24,973,000
Principal/ Number of Shares	[3],[5],[7]			$ 25,000,000
Original Acquisition Date	[3],[5],[7]			Jan. 31, 2017
Investment, Identifier [Axis]: Consumer Services
% of Net Assets	[3]	16%	[2]	17.50%	[5]
Fair Value	[3],[6]	$ 59,554,029	[2]	$ 64,689,071	[5]
Cost	[3]	$ 60,513,079	[2]	$ 60,208,255	[5]
Investment, Identifier [Axis]: Corporate Education Software
% of Net Assets	[3]	1.20%	[2]	1.20%	[4],[5],[12]
Fair Value	[3],[6]	$ 4,624,002	[2]	$ 4,426,630	[4],[5],[12]
Cost	[3]	$ 475,698	[2]	$ 475,698	[4],[5],[12]
Investment, Identifier [Axis]: Corporate Education Software - Affiliate investments
% of Net Assets	[3]	3.50%	[2]	3.70%	[5]
Fair Value	[3],[6]	$ 13,117,797	[2]	$ 13,599,530	[5]
Cost	[3]	$ 16,781,395	[2]	$ 16,034,468	[5]
Investment, Identifier [Axis]: Cyber Security
% of Net Assets	[3]	0.90%	[2]	0.80%	[5]
Fair Value	[3],[6]	$ 3,437,554	[2]	$ 2,826,009	[5]
Cost	[3]	$ 1,906,275	[2]	$ 1,906,275	[5]
Investment, Identifier [Axis]: Davisware, LLC - Field Service Management - Delayed Draw Term Loan (3M USD TERM SOFR+6.50%), 10.97% Cash, 11/30/2025
% of Net Assets	[2],[3],[9]	1.50%
Fair Value	[2],[3],[6],[9]	$ 5,479,433
Cost	[2],[3],[9]	5,477,790
Principal/ Number of Shares	[2],[3],[9]	$ 5,477,790
Original Acquisition Date	[2],[3],[9]	Sep. 06, 2019
Investment, Identifier [Axis]: Davisware, LLC - Field Service Management - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 7/31/2024
% of Net Assets	[3],[5],[8]			1.30%
Fair Value	[3],[5],[6],[8]			$ 4,719,280
Cost	[3],[5],[8]			4,714,256
Principal/ Number of Shares	[3],[5],[8]			$ 4,727,790
Original Acquisition Date	[3],[5],[8]			Sep. 06, 2019
Investment, Identifier [Axis]: Davisware, LLC - Field Service Management - First Lien Term Loan (3M USD TERM SOFR+6.50%), 10.97% Cash, 11/30/2025
% of Net Assets	[2],[3]	1.60%
Fair Value	[2],[3],[6]	$ 6,001,800
Cost	[2],[3]	6,000,000
Principal/ Number of Shares	[2],[3]	$ 6,000,000
Original Acquisition Date	[2],[3]	Sep. 06, 2019
Investment, Identifier [Axis]: Davisware, LLC - Field Service Management - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 7/31/2024
% of Net Assets	[3],[5]			1.60%
Fair Value	[3],[5],[6]			$ 5,989,200
Cost	[3],[5]			5,991,382
Principal/ Number of Shares	[3],[5]			$ 6,000,000
Original Acquisition Date	[3],[5]			Sep. 06, 2019
Investment, Identifier [Axis]: Dental Practice Management
% of Net Assets	[3]	9.50%	[2]	10.90%	[5]
Fair Value	[3],[6]	$ 35,427,517	[2]	$ 40,234,843	[5]
Cost	[3]	$ 35,129,878	[2]	$ 40,418,843	[5]
Investment, Identifier [Axis]: Destiny Solutions Inc. - Education Software - Limited Partner Interests
% of Net Assets	[3],[4],[5],[12]			2.70%
Fair Value	[3],[4],[5],[6],[12]			$ 9,894,736
Cost	[3],[4],[5],[12]			3,969,291
Principal/ Number of Shares	[3],[4],[5],[12]			$ 3,068
Original Acquisition Date	[3],[4],[5],[12]			May 16, 2018
Investment, Identifier [Axis]: Direct Selling Software
% of Net Assets	[3]	6.40%	[2]	6.60%	[5]
Fair Value	[3],[6]	$ 24,070,211	[2]	$ 24,073,455	[5]
Cost	[3]	$ 25,052,444	[2]	$ 25,209,021	[5]
Investment, Identifier [Axis]: ETU Holdings, Inc. - Corporate Education Software - First Lien Term Loan (3M USD TERM SOFR+9.00%), 13.62% Cash, 8/18/2027
% of Net Assets	[2],[3],[11]	1.90%
Fair Value	[2],[3],[6],[11]	$ 6,977,600
Cost	[2],[3],[11]	6,954,826
Principal/ Number of Shares	[2],[3],[11]	$ 7,000,000
Original Acquisition Date	[2],[3],[11]	Aug. 18, 2022
Investment, Identifier [Axis]: ETU Holdings, Inc. - Corporate Education Software - First Lien Term Loan (3M USD TERM SOFR+9.00%), 14.48% Cash, 8/18/2027
% of Net Assets	[3],[5],[10]			1.90%
Fair Value	[3],[5],[6],[10]			$ 6,983,200
Cost	[3],[5],[10]			6,945,060
Principal/ Number of Shares	[3],[5],[10]			$ 7,000,000
Original Acquisition Date	[3],[5],[10]			Aug. 18, 2022
Investment, Identifier [Axis]: ETU Holdings, Inc. - Corporate Education Software - Second Lien Term Loan 15.00% PIK, 2/18/2028
% of Net Assets	[3]	1.60%	[2],[11]	1.50%	[5],[10]
Fair Value	[3],[6]	$ 6,140,197	[2],[11]	$ 5,454,290	[5],[10]
Cost	[3]	6,826,569	[2],[11]	6,089,408	[5],[10]
Principal/ Number of Shares	[3]	$ 6,862,855	[2],[11]	$ 6,130,483	[5],[10]
Original Acquisition Date	[3]	Aug. 18, 2022	[2],[11]	Aug. 18, 2022	[5],[10]
Investment, Identifier [Axis]: ETU Holdings, Inc. - Corporate Education Software - Series A Preferred Units
% of Net Assets	[3]	0%	[1],[2],[11]	0.30%	[4],[5],[10]
Fair Value	[3],[6]		[1],[2],[11]	$ 1,162,040	[4],[5],[10]
Cost	[3]	3,000,000	[1],[2],[11]	3,000,000	[4],[5],[10]
Principal/ Number of Shares	[3]	$ 3,000,000	[1],[2],[11]	$ 3,000,000	[4],[5],[10]
Original Acquisition Date	[3]	Aug. 18, 2022	[1],[2],[11]	Aug. 18, 2022	[4],[5],[10]
Investment, Identifier [Axis]: Education Services
% of Net Assets	[3]	6.30%	[2]	7%	[5]
Fair Value	[3],[6]	$ 23,579,674	[2]	$ 25,819,196	[5]
Cost	[3]	$ 23,484,507	[2]	$ 39,927,391	[5]
Investment, Identifier [Axis]: Education Services - Control investments
% of Net Assets	[2],[3]	1.10%
Fair Value	[2],[3],[6]	$ 4,204,390
Cost	[2],[3]	$ 2,020,049
Investment, Identifier [Axis]: Education Software
% of Net Assets	[3]	12.80%	[2]	12.40%	[5]
Fair Value	[3],[6]	$ 47,814,386	[2]	$ 45,579,262	[5]
Cost	[3]	$ 39,340,705	[2]	$ 39,231,039	[5]
Investment, Identifier [Axis]: Emily Street Enterprises, L.L.C. - Office Supplies - Senior Secured Note (3M USD TERM SOFR+6.25%), 11.00% Cash, 12/31/2027
% of Net Assets	[2],[3],[7]	1.10%
Fair Value	[2],[3],[6],[7]	$ 4,018,000
Cost	[2],[3],[7]	3,995,859
Principal/ Number of Shares	[2],[3],[7]	$ 4,000,000
Original Acquisition Date	[2],[3],[7]	Dec. 28, 2012
Investment, Identifier [Axis]: Emily Street Enterprises, L.L.C. - Office Supplies - Senior Secured Note (3M USD TERM SOFR+7.50%), 12.83% Cash, 12/31/2025
% of Net Assets	[3],[5]			1.60%
Fair Value	[3],[5],[6]			$ 6,027,000
Cost	[3],[5]			5,992,437
Principal/ Number of Shares	[3],[5]			$ 6,000,000
Original Acquisition Date	[3],[5]			Dec. 28, 2012
Investment, Identifier [Axis]: Emily Street Enterprises, L.L.C. - Office Supplies - Warrant Membership Interests, Expires 12/31/2025
% of Net Assets	[3],[4],[5]			0.30%
Fair Value	[3],[4],[5],[6]			$ 1,153,874
Cost	[3],[4],[5]			400,000
Principal/ Number of Shares	[3],[4],[5]			$ 49,318
Original Acquisition Date	[3],[4],[5]			Dec. 28, 2012
Investment, Identifier [Axis]: Emily Street Enterprises, L.L.C. - Office Supplies - Warrant Membership Interests, Expires 12/31/2027
% of Net Assets	[1],[2],[3]	0.40%
Fair Value	[1],[2],[3],[6]	$ 1,428,364
Cost	[1],[2],[3]	400,000
Principal/ Number of Shares	[1],[2],[3]	$ 49,318
Original Acquisition Date	[1],[2],[3]	Dec. 28, 2012
Investment, Identifier [Axis]: Employee Collaboration Software
% of Net Assets	[3]	7%	[2]	3.80%	[5]
Fair Value	[3],[6]	$ 26,685,659	[2]	$ 14,149,607	[5]
Cost	[3]	$ 20,845,846	[2]	$ 10,672,947	[5]
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - Common Units
% of Net Assets	[1],[3],[12]	0.20%	[2]	0.30%	[5]
Fair Value	[1],[3],[6],[12]	$ 747,131	[2]	$ 957,067	[5]
Cost	[1],[3],[12]	1,041,667	[2]	1,041,667	[5]
Principal/ Number of Shares	[1],[3],[12]	$ 1,041,667	[2]	$ 1,041,667	[5]
Original Acquisition Date	[1],[3],[12]	Mar. 16, 2022	[2]	Mar. 16, 2022	[5]
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - First Lien Term Loan (1M USD TERM SOFR+5.75%), 11.17% Cash, 3/16/2027
% of Net Assets	[3],[5],[7]			6.30%
Fair Value	[3],[5],[6],[7]			$ 23,165,555
Cost	[3],[5],[7]			24,167,354
Principal/ Number of Shares	[3],[5],[7]			$ 24,313,135
Original Acquisition Date	[3],[5],[7]			Mar. 16, 2022
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - First Lien Term Loan (1M USD TERM SOFR+6.25%), 10.88% Cash, 3/16/2027
% of Net Assets	[2],[3],[7]	6.20%
Fair Value	[2],[3],[6],[7]	$ 23,343,393
Cost	[2],[3],[7]	24,010,777
Principal/ Number of Shares	[2],[3],[7]	$ 24,127,538
Original Acquisition Date	[2],[3],[7]	Mar. 16, 2022
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - Revolving Credit Facility (1M USD TERM SOFR+5.75%), 11.17% Cash, 3/16/2027
% of Net Assets	[3],[5],[8]			0%
Fair Value	[3],[5],[6],[8]			$ (49,167)
Cost	[2],[3],[5],[8],[9]
Principal/ Number of Shares	[2],[3],[5],[8],[9]
Original Acquisition Date	[2],[3],[5],[8],[9],[12]			Mar. 16, 2022
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - Revolving Credit Facility (1M USD TERM SOFR+6.25%), 10.88% Cash, 3/16/2027
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]	$ (20,313)
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	Mar. 16, 2022
Investment, Identifier [Axis]: Facilities Maintenance
% of Net Assets	[3]	0%	[2]	0.10%	[5]
Fair Value	[3],[6]		[2]	$ 231,181	[5]
Cost	[3]	$ 488,148	[2]	$ 488,148	[5]
Investment, Identifier [Axis]: Field Service Management
% of Net Assets	[3]	3.10%	[2]	2.90%	[5]
Fair Value	[3],[6]	$ 11,481,233	[2]	$ 10,708,480	[5]
Cost	[3]	$ 11,477,790	[2]	$ 10,705,638	[5]
Investment, Identifier [Axis]: Financial Services
% of Net Assets	[3]	7.10%	[2]	7.10%	[5]
Fair Value	[3],[6]	$ 26,414,785	[2]	$ 26,275,804	[5]
Cost	[3]	$ 26,155,848	[2]	$ 26,136,433	[5]
Investment, Identifier [Axis]: Financial Services Software
% of Net Assets	[3]	2.70%	[2]	2.70%	[5]
Fair Value	[3],[6]	$ 10,011,810	[2]	$ 9,916,335	[5]
Cost	[3]	$ 10,005,793	[2]	$ 9,990,834	[5]
Investment, Identifier [Axis]: Fire Inspection Business Software
% of Net Assets	[3]	2.70%	[2]	2.70%	[5]
Fair Value	[3],[6]	$ 10,150,000	[2]	$ 9,916,000	[5]
Cost	[3]	$ 9,918,672	[2]	$ 9,908,861	[5]
Investment, Identifier [Axis]: GDS Software Holdings, LLC - Financial Services - Common Stock Class A Units
% of Net Assets	[3]	0.10%	[1],[2]	0.10%	[4],[5]
Fair Value	[3],[6]	$ 440,785	[1],[2]	$ 468,204	[4],[5]
Cost	[3]	250,000	[1],[2]	250,000	[4],[5]
Principal/ Number of Shares	[3]	$ 250,000	[1],[2]	$ 250,000	[4],[5]
Original Acquisition Date	[3]	Aug. 23, 2018	[1],[2]	Aug. 23, 2018	[4],[5]
Investment, Identifier [Axis]: GDS Software Holdings, LLC - Financial Services - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 12/30/2026
% of Net Assets	[2],[3],[7]	0.90%
Fair Value	[2],[3],[6],[7]	$ 3,282,788
Cost	[2],[3],[7]	3,265,729
Principal/ Number of Shares	[2],[3],[7]	$ 3,286,074
Original Acquisition Date	[2],[3],[7]	Dec. 30, 2021
Investment, Identifier [Axis]: GDS Software Holdings, LLC - Financial Services - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 12/30/2026
% of Net Assets	[3],[5]			0.90%
Fair Value	[3],[5],[6]			$ 3,261,757
Cost	[3],[5]			3,262,111
Principal/ Number of Shares	[3],[5]			$ 3,286,074
Original Acquisition Date	[3],[5]			Dec. 30, 2021
Investment, Identifier [Axis]: GDS Software Holdings, LLC - Financial Services - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 12/30/2026
% of Net Assets	[3],[5]			6.10%
Fair Value	[3],[5],[6]			$ 22,545,843
Cost	[3],[5]			22,624,322
Principal/ Number of Shares	[3],[5]			$ 22,713,926
Original Acquisition Date	[3],[5]			Dec. 30, 2021
Investment, Identifier [Axis]: GDS Software Holdings, LLC - First Lien Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 12/30/2026
% of Net Assets	[2],[3]	6.10%
Fair Value	[2],[3],[6]	$ 22,691,212
Cost	[2],[3]	22,640,119
Principal/ Number of Shares	[2],[3]	$ 22,713,926
Original Acquisition Date	[2],[3]	Dec. 30, 2021
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - Delayed Draw Term Loan (3M USD TERM SOFR+10.22%), 15.55% Cash, 4/29/2026
% of Net Assets	[3],[5]			3%
Fair Value	[3],[5],[6]			$ 11,110,000
Cost	[2],[3],[5],[9]			10,979,958
Principal/ Number of Shares	[2],[3],[5],[9]			$ 11,000,000
Original Acquisition Date	[2],[3],[5],[9]			Feb. 08, 2023
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - Delayed Draw Term Loan (6M USD TERM SOFR+5.50%), 9.88% Cash, 5/13/2030
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	May 13, 2024
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - First Lien Term Loan (6M USD TERM SOFR+5.50%), 9.88% Cash, 5/13/2030
% of Net Assets	[2],[3]	1.90%
Fair Value	[2],[3],[6]	$ 7,073,700
Cost	[2],[3]	7,056,826
Principal/ Number of Shares	[2],[3]	$ 7,125,000
Original Acquisition Date	[2],[3]	May 13, 2024
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - Revolving Credit Facility (6M USD TERM SOFR+5.50%), 9.88% Cash, 5/13/2030
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	May 13, 2024
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - Series A Preferred Units
% of Net Assets	[3],[12]	0.30%	[1],[2]	0.30%	[4],[5]
Fair Value	[3],[6],[12]	$ 1,002,818	[1],[2]	$ 1,111,499	[4],[5]
Cost	[3],[12]	1,027,519	[1],[2]	1,027,519	[4],[5]
Principal/ Number of Shares	[3],[12]	$ 493,999	[1],[2]	$ 493,999	[4],[5]
Original Acquisition Date	[3],[12]	Feb. 08, 2023	[1],[2]	Feb. 08, 2023	[4],[5]
Investment, Identifier [Axis]: GoReact - Education Software - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 12.17% Cash/1.00% PIK, 1/17/2025
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	Jan. 18, 2022
Investment, Identifier [Axis]: GoReact - Education Software - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 13.03% Cash/1.00% PIK, 1/17/2025
% of Net Assets	[3],[5],[8]			0%
Fair Value	[3],[5],[6],[8]
Cost	[3],[5],[8]
Principal/ Number of Shares	[3],[5],[8]
Original Acquisition Date	[3],[5],[8]			Jan. 18, 2022
Investment, Identifier [Axis]: GoReact - Education Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 12.17% Cash/1.00% PIK, 1/17/2025
% of Net Assets	[2],[3]	2.20%
Fair Value	[2],[3],[6]	$ 8,142,981
Cost	[2],[3]	8,139,422
Principal/ Number of Shares	[2],[3]	$ 8,142,981
Original Acquisition Date	[2],[3]	Jan. 17, 2020
Investment, Identifier [Axis]: GoReact - Education Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 13.03% Cash/1.00% PIK, 1/17/2025
% of Net Assets	[3],[5]			2.20%
Fair Value	[3],[5],[6]			$ 8,087,775
Cost	[3],[5]			8,060,498
Principal/ Number of Shares	[3],[5]			$ 8,087,775
Original Acquisition Date	[3],[5]			Jan. 17, 2020
Investment, Identifier [Axis]: Golden TopCo LP - Association Management Software - Class A-2 Common Units
% of Net Assets	[3]	0.40%	[1],[2]	0.30%	[4],[5]
Fair Value	[3],[6]	$ 1,380,841	[1],[2]	$ 1,154,132	[4],[5]
Cost	[3]	1,072,394	[1],[2]	1,072,394	[4],[5]
Principal/ Number of Shares	[3]	$ 1,072,394	[1],[2]	$ 1,072,394	[4],[5]
Original Acquisition Date	[3]	May 10, 2023	[1],[2]	May 10, 2023	[4],[5]
Investment, Identifier [Axis]: Granite Comfort, LP - HVAC Services and Sales - Delayed Draw Term Loan (3M USD TERM SOFR+7.41%), 11.88% Cash, 5/16/2027
% of Net Assets	[2],[3],[7],[9]	4.30%
Fair Value	[2],[3],[6],[7],[9]	$ 15,977,654
Cost	[2],[3],[7],[9]	16,086,197
Principal/ Number of Shares	[2],[3],[7],[9]	$ 16,207,805
Original Acquisition Date	[2],[3],[7],[9]	Nov. 16, 2020
Investment, Identifier [Axis]: Granite Comfort, LP - HVAC Services and Sales - Delayed Draw Term Loan (3M USD TERM SOFR+7.46%), 12.79% Cash, 5/16/2027
% of Net Assets	[3],[5],[8]			4.40%
Fair Value	[3],[5],[6],[8]			$ 16,207,805
Cost	[3],[5],[8]			16,059,588
Principal/ Number of Shares	[3],[5],[8]			$ 16,207,805
Original Acquisition Date	[3],[5],[8]			Nov. 16, 2020
Investment, Identifier [Axis]: Granite Comfort, LP - HVAC Services and Sales - First Lien Term Loan (3M USD TERM SOFR+7.41%), 11.88% Cash, 5/16/2027
% of Net Assets	[2],[3],[7]	11.30%
Fair Value	[2],[3],[6],[7]	$ 42,389,400
Cost	[2],[3],[7]	42,821,673
Principal/ Number of Shares	[2],[3],[7]	$ 43,000,000
Original Acquisition Date	[2],[3],[7]	Nov. 16, 2020
Investment, Identifier [Axis]: Granite Comfort, LP - HVAC Services and Sales - First Lien Term Loan (3M USD TERM SOFR+7.46%), 12.79% Cash, 5/16/2027
% of Net Assets	[3],[5],[7]			11.60%
Fair Value	[3],[5],[6],[7]			$ 43,000,000
Cost	[3],[5],[7]			42,781,757
Principal/ Number of Shares	[3],[5],[7]			$ 43,000,000
Original Acquisition Date	[3],[5],[7]			Nov. 16, 2020
Investment, Identifier [Axis]: GreyHeller LLC - Cyber Security - Common Stock
% of Net Assets	[3]	0.90%	[1],[2]	0.80%	[4],[5]
Fair Value	[3],[6]	$ 3,437,554	[1],[2]	$ 2,826,009	[4],[5]
Cost	[3]	1,906,275	[1],[2]	1,906,275	[4],[5]
Principal/ Number of Shares	[3]	$ 7,857,689	[1],[2]	$ 7,857,689	[4],[5]
Original Acquisition Date	[3]	Nov. 10, 2021	[1],[2]	Nov. 10, 2021	[4],[5]
Investment, Identifier [Axis]: GrowthZone, LLC - Association Management Software - First Lien Term Loan (3M USD TERM SOFR+8.25%), 13.58% Cash, 5/10/2028
% of Net Assets	[3],[5]			6.20%
Fair Value	[3],[5],[6]			$ 22,934,808
Cost	[3],[5]			22,292,083
Principal/ Number of Shares	[3],[5]			$ 22,649,425
Original Acquisition Date	[3],[5]			May 10, 2023
Investment, Identifier [Axis]: GrowthZone, LLC - Association Management Software- First Lien Term Loan (3M USD TERM SOFR+8.25%), 12.72% Cash, 5/10/2028
% of Net Assets	[2],[3]	6.40%
Fair Value	[2],[3],[6]	$ 23,984,952
Cost	[2],[3]	23,085,098
Principal/ Number of Shares	[2],[3]	$ 23,395,388
Original Acquisition Date	[2],[3]	May 10, 2023
Investment, Identifier [Axis]: HVAC Services and Sales
% of Net Assets	[3]	15.60%	[2]	16%	[5]
Fair Value	[3],[6]	$ 58,367,054	[2]	$ 59,207,805	[5]
Cost	[3]	$ 58,907,870	[2]	$ 58,841,345	[5]
Investment, Identifier [Axis]: Health/Fitness Franchisor
% of Net Assets	[3]	8%	[2]	8.70%	[5]
Fair Value	[3],[6]	$ 30,009,165	[2]	$ 32,032,331	[5]
Cost	[3]	$ 30,496,472	[2]	$ 31,740,931	[5]
Investment, Identifier [Axis]: Healthcare Services
% of Net Assets	[3]	22.90%	[2]	14.10%	[5]
Fair Value	[3],[6]	$ 85,209,566	[2]	$ 51,094,111	[5]
Cost	[3]	$ 83,757,897	[2]	$ 50,329,442	[5]
Investment, Identifier [Axis]: Healthcare Software
% of Net Assets	[3]	12.20%	[2]	32.50%	[5]
Fair Value	[3],[6]	$ 45,942,885	[2]	$ 120,496,489	[5]
Cost	[3]	$ 45,890,250	[2]	$ 116,918,187	[5]
Investment, Identifier [Axis]: Healthcare Supply
% of Net Assets	[3]	0%	[2]	0%	[5]
Fair Value	[3],[6]		[2]		[5]
Cost	[3]	$ 508,077	[2]	$ 508,077	[5]
Investment, Identifier [Axis]: HemaTerra Holding Company, LLC - Healthcare Software - Delayed Draw Term Loan (1M USD TERM SOFR+8.25%), 13.57% Cash, 1/31/2027
% of Net Assets	[3],[5]			3.70%
Fair Value	[3],[5],[6]			$ 13,795,767
Cost	[3],[5]			13,710,513
Principal/ Number of Shares	[3],[5]			$ 13,755,875
Original Acquisition Date	[3],[5]			Apr. 15, 2019
Investment, Identifier [Axis]: HemaTerra Holding Company, LLC - Healthcare Software - First Lien Term Loan (1M USD TERM SOFR+8.25%), 13.57% Cash, 1/31/2027
% of Net Assets	[3],[5],[7]			14.90%
Fair Value	[3],[5],[6],[7]			$ 55,087,003
Cost	[3],[5],[7]			54,624,303
Principal/ Number of Shares	[3],[5],[7]			$ 54,927,713
Original Acquisition Date	[3],[5],[7]			Apr. 15, 2019
Investment, Identifier [Axis]: Hospitality/Hotel
% of Net Assets	[3],[5]			11.10%
Fair Value	[3],[5],[6]			$ 41,447,199
Cost	[3],[5]			$ 43,983,696
Investment, Identifier [Axis]: IT Services
% of Net Assets	[3]	5%	[2]	11.60%	[5]
Fair Value	[3],[6]	$ 18,809,600	[2]	$ 43,000,000	[5]
Cost	[3]	$ 18,816,077	[2]	$ 42,967,165	[5]
Investment, Identifier [Axis]: IT Services - Control investments
% of Net Assets	[3],[5]			9.60%
Fair Value	[3],[5],[6]			$ 35,421,889
Cost	[3],[5]			$ 39,224,743
Investment, Identifier [Axis]: Identity Automation Systems - Education Software - Common Stock Class A-1 Units
% of Net Assets	[3]	0.10%	[1],[2]	0.10%	[4],[5]
Fair Value	[3],[6]	$ 322,576	[1],[2]	$ 235,296	[4],[5]
Cost	[3]	171,571	[1],[2]	171,571	[4],[5]
Principal/ Number of Shares	[3]	$ 43,715	[1],[2]	$ 43,715	[4],[5]
Original Acquisition Date	[3]	Mar. 06, 2020	[1],[2]	Mar. 06, 2020	[4],[5]
Investment, Identifier [Axis]: Identity Automation Systems - Education Software - Common Stock Class A-2 Units
% of Net Assets	[3]	0.30%	[1],[2]	0.20%	[4],[5]
Fair Value	[3],[6]	$ 1,178,242	[1],[2]	$ 569,355	[4],[5]
Cost	[3]	232,616	[1],[2]	232,616	[4],[5]
Principal/ Number of Shares	[3]	$ 232,616	[1],[2]	$ 232,616	[4],[5]
Original Acquisition Date	[3]	Aug. 25, 2014	[1],[2]	Aug. 25, 2014	[4],[5]
Investment, Identifier [Axis]: Industrial Products
% of Net Assets	[3]	2.30%	[2]	2.40%	[5]
Fair Value	[3],[6]	$ 8,726,466	[2]	$ 9,095,121	[5]
Cost	[3]		[2]	$ 923,886	[5]
Investment, Identifier [Axis]: Inspect Point Holdings, LLC - Fire Inspection Business Software - First Lien Term Loan (1M USD TERM SOFR+6.50%), 11.03% Cash, 07/19/2028
% of Net Assets	[2],[3]	2.70%
Fair Value	[2],[3],[6]	$ 10,150,000
Cost	[2],[3]	9,918,672
Principal/ Number of Shares	[2],[3]	$ 10,000,000
Original Acquisition Date	[2],[3]	Jul. 19, 2023
Investment, Identifier [Axis]: Inspect Point Holdings, LLC - Fire Inspection Business Software - First Lien Term Loan (1M USD TERM SOFR+6.50%), 11.82% Cash, 07/19/2028
% of Net Assets	[3],[5]			2.70%
Fair Value	[3],[5],[6]			$ 9,916,000
Cost	[3],[5]			9,908,861
Principal/ Number of Shares	[3],[5]			$ 10,000,000
Original Acquisition Date	[3],[5]			Jul. 19, 2023
Investment, Identifier [Axis]: Inspect Point Holdings, LLC - Fire Inspection Business Software - First Lien Term Loan (1M USD TERM SOFR+6.50%), 11.82% Cash, 07/19/2028 2
% of Net Assets	[3],[5],[8]			0%
Fair Value	[3],[5],[6],[8]
Cost	[3],[5],[8]
Principal/ Number of Shares	[3],[5],[8]
Original Acquisition Date	[3],[5],[8]			Jul. 19, 2023
Investment, Identifier [Axis]: Inspect Point Holdings, LLC - Fire Inspection Business Software -First Lien Term Loan (1M USD TERM SOFR+6.50%), 11.03% Cash, 07/19/2028
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	Jul. 19, 2023
Investment, Identifier [Axis]: Insurance Software
% of Net Assets	[3]	5.50%	[2]	5.40%	[5]
Fair Value	[3],[6]	$ 20,384,822	[2]	$ 19,821,100	[5]
Cost	[3]	$ 18,100,419	[2]	$ 18,186,250	[5]
Investment, Identifier [Axis]: Investment Fund
% of Net Assets	[3]	5.60%	[2],[14],[15]	6.80%	[5]
Fair Value	[3],[6]	$ 20,951,566	[2],[14],[15]	$ 25,222,293	[5]
Cost	[3]	$ 35,202,440	[2],[14],[15]	$ 35,202,441	[5]
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - Delayed Draw Term Loan (3M USD TERM SOFR+8.50%), 13.23% Cash, 5/2/2027
% of Net Assets	[2],[3]	0.30%
Fair Value	[2],[3],[6]	$ 1,010,000
Cost	[2],[3]	992,919
Principal/ Number of Shares	[2],[3]	$ 1,000,000
Original Acquisition Date	[2],[3]	May 02, 2022
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - Delayed Draw Term Loan (3M USD TERM SOFR+8.50%), 14.10% Cash, 5/2/2027
% of Net Assets	[3],[5],[8]			0.30%
Fair Value	[3],[5],[6],[8]			$ 1,010,000
Cost	[3],[5],[8]			991,649
Principal/ Number of Shares	[3],[5],[8]			$ 1,000,000
Original Acquisition Date	[3],[5],[8]			May 02, 2022
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - Delayed Draw Term Loan 3M USD TERM SOFR+8.50%), 13.23% Cash, 5/2/2027
% of Net Assets	[2],[3],[9]	0.10%
Fair Value	[2],[3],[6],[9]	$ 505,000
Cost	[2],[3],[9]	495,614
Principal/ Number of Shares	[2],[3],[9]	$ 500,000
Original Acquisition Date	[2],[3],[9]	Mar. 31, 2023
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - First Lien Term Loan (3M USD TERM SOFR+8.50%), 13.23% Cash, 5/2/2027
% of Net Assets	[2],[3]	1.60%
Fair Value	[2],[3],[6]	$ 6,060,000
Cost	[2],[3]	5,963,746
Principal/ Number of Shares	[2],[3]	$ 6,000,000
Original Acquisition Date	[2],[3]	May 02, 2022
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - First Lien Term Loan (3M USD TERM SOFR+8.50%), 14.10% Cash, 5/2/2027
% of Net Assets	[3],[5]			1.60%
Fair Value	[3],[5],[6]			$ 6,060,000
Cost	[3],[5]			5,955,935
Principal/ Number of Shares	[3],[5]			$ 6,000,000
Original Acquisition Date	[3],[5]			May 02, 2022
Investment, Identifier [Axis]: JobNimbus LLC - Roofing Contractor Software - First Lien Term Loan (1M USD TERM SOFR+8.75%), 14.17% Cash, 9/20/2026
% of Net Assets	[3],[5]			5.10%
Fair Value	[3],[5],[6]			$ 19,014,055
Cost	[3],[5]			18,624,294
Principal/ Number of Shares	[3],[5]			$ 18,777,459
Original Acquisition Date	[3],[5]			Mar. 28, 2023
Investment, Identifier [Axis]: Jobvite, Inc. - Talent Acquisition Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 11.97% Cash, 8/5/2028
% of Net Assets	[2],[3],[7]	5.30%
Fair Value	[2],[3],[6],[7]	$ 19,878,000
Cost	[2],[3],[7]	19,893,434
Principal/ Number of Shares	[2],[3],[7]	$ 20,000,000
Original Acquisition Date	[2],[3],[7]	Aug. 05, 2022
Investment, Identifier [Axis]: Jobvite, Inc. - Talent Acquisition Software - First Lien Term Loan (6M USD TERM SOFR+8.00%), 13.27% Cash, 8/5/2028
% of Net Assets	[3],[5],[7]			5.60%
Fair Value	[3],[5],[6],[7]			$ 19,826,000
Cost	[3],[5],[7]			19,875,273
Principal/ Number of Shares	[3],[5],[7]			$ 20,000,000
Original Acquisition Date	[3],[5],[7]			Aug. 05, 2022
Investment, Identifier [Axis]: Knowland Group, LLC - Hospitality/Hotel - Second Lien Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash/3.00% PIK, 12/31/2024
% of Net Assets	[3],[5],[16]			3.40%
Fair Value	[3],[5],[6],[16]			$ 12,642,851
Cost	[3],[5],[16]			15,878,989
Principal/ Number of Shares	[3],[5],[16]			$ 15,878,989
Original Acquisition Date	[3],[5],[16]			Nov. 09, 2018
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant - Delayed Draw Term Loan (1M USD TERM SOFR+7.00%), 12.32% Cash, 11/19/2026
% of Net Assets	[3],[5]			2.50%
Fair Value	[3],[5],[6]			$ 9,078,300
Cost	[3],[5]			8,935,545
Principal/ Number of Shares	[3],[5]			$ 9,000,000
Original Acquisition Date	[3],[5]			Nov. 19, 2021
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant - First Lien Term Loan (1M USD TERM SOFR+7.00%), 11.53% Cash, 11/19/2026
% of Net Assets	[2],[3]	3.20%
Fair Value	[2],[3],[6]	$ 12,000,000
Cost	[2],[3]	11,945,149
Principal/ Number of Shares	[2],[3]	$ 12,000,000
Original Acquisition Date	[2],[3]	Nov. 19, 2021
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant - First Lien Term Loan (1M USD TERM SOFR+7.00%), 12.32% Cash, 11/19/2026
% of Net Assets	[3],[5]			3.30%
Fair Value	[3],[5],[6]			$ 12,104,400
Cost	[3],[5]			11,926,272
Principal/ Number of Shares	[3],[5]			$ 12,000,000
Original Acquisition Date	[3],[5]			Nov. 19, 2021
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant - Series B Preferred Units
% of Net Assets	[3]	0.40%	[1],[2]	0.40%	[4],[5]
Fair Value	[3],[6]	$ 1,534,323	[1],[2]	$ 1,397,572	[4],[5]
Cost	[3]	1,000,000	[1],[2]	1,000,000	[4],[5]
Principal/ Number of Shares	[3]	$ 497,183	[1],[2]	$ 497,183	[4],[5]
Original Acquisition Date	[3]	Nov. 19, 2021	[1],[2]	Nov. 19, 2021	[4],[5]
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant -Delayed Draw Term Loan (1M USD TERM SOFR+7.00%), 11.53% Cash, 11/19/2026
% of Net Assets	[2],[3],[9]	4.80%
Fair Value	[2],[3],[6],[9]	$ 18,000,000
Cost	[2],[3],[9]	17,855,726
Principal/ Number of Shares	[2],[3],[9]	$ 18,000,000
Original Acquisition Date	[2],[3],[9]	Nov. 19, 2021
Investment, Identifier [Axis]: Lead Management Software
% of Net Assets	[3]	3.10%	[2]	3.30%	[5]
Fair Value	[3],[6]	$ 11,640,880	[2]	$ 12,120,000	[5]
Cost	[3]	$ 11,462,397	[2]	$ 11,920,834	[5]
Investment, Identifier [Axis]: Legal Software
% of Net Assets	[3],[5]			5.60%
Fair Value	[3],[5],[6]			$ 20,709,446
Cost	[3],[5]			$ 20,882,496
Investment, Identifier [Axis]: LogicMonitor, Inc. - IT Services - First Lien Term Loan (3M USD TERM SOFR+6.50%), 11.83% Cash, 5/17/2026
% of Net Assets	[3],[5],[7]			11.60%
Fair Value	[3],[5],[6],[7]			$ 43,000,000
Cost	[3],[5],[7]			42,967,165
Principal/ Number of Shares	[3],[5],[7]			$ 43,000,000
Original Acquisition Date	[3],[5],[7]			Mar. 20, 2020
Investment, Identifier [Axis]: Madison Logic, Inc. - Marketing Orchestration Software - First Lien Term Loan (1M USD TERM SOFR+7.50%), 12.03% Cash, 12/30/2028
% of Net Assets	[2],[3],[7],[17]	4.90%
Fair Value	[2],[3],[6],[7],[17]	$ 18,433,452
Cost	[2],[3],[7],[17]	18,565,083
Principal/ Number of Shares	[2],[3],[7],[17]	$ 18,775,160
Original Acquisition Date	[2],[3],[7],[17]	Dec. 30, 2022
Investment, Identifier [Axis]: Madison Logic, Inc. - Marketing Orchestration Software - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 12/30/2028
% of Net Assets	[3],[5],[7]			5%
Fair Value	[3],[5],[6],[7]			$ 18,420,006
Cost	[3],[5],[7]			18,544,720
Principal/ Number of Shares	[3],[5],[7]			$ 18,857,500
Original Acquisition Date	[3],[5],[7]			Dec. 30, 2022
Investment, Identifier [Axis]: Maple Holdings Midco Limited (h) - IT Services - Class A Common Units
% of Net Assets	[1],[2],[3]	0.50%
Fair Value	[1],[2],[3],[6]	$ 2,000,000
Cost	[1],[2],[3]	2,000,000
Principal/ Number of Shares	[1],[2],[3]	$ 2,000,000
Original Acquisition Date	[1],[2],[3]	Sep. 19, 2024
Investment, Identifier [Axis]: Marketing Orchestration Software
% of Net Assets	[3]	4.90%	[2]	5%	[5]
Fair Value	[3],[6]	$ 18,433,452	[2]	$ 18,420,006	[5]
Cost	[3]	$ 18,565,083	[2]	$ 18,544,720	[5]
Investment, Identifier [Axis]: Mental Healthcare Services
% of Net Assets	[3]	8.70%	[2]	10.20%	[5]
Fair Value	[3],[6]	$ 32,448,353	[2]	$ 37,377,120	[5]
Cost	[3]	$ 37,523,838	[2]	$ 37,512,347	[5]
Investment, Identifier [Axis]: Mentoring Software
% of Net Assets	[3]	5.90%	[2]	5.90%	[5]
Fair Value	[3],[6]	$ 21,896,892	[2]	$ 22,068,881	[5]
Cost	[3]	$ 22,904,393	[2]	$ 22,874,859	[5]
Investment, Identifier [Axis]: Modern Campus (fka Destiny Solutions Inc.) - Education Software - Limited Partner Interests
% of Net Assets	[1],[2],[3],[12]	3%
Fair Value	[1],[2],[3],[6],[12]	$ 11,292,087
Cost	[1],[2],[3],[12]	3,969,291
Principal/ Number of Shares	[1],[2],[3],[12]	$ 3,068
Original Acquisition Date	[1],[2],[3],[12]	May 16, 2018
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - Class A Preferred Units
% of Net Assets	[1],[3]	0.70%	[2]	0.70%	[5]
Fair Value	[1],[3],[6]	$ 2,639,985	[2]	$ 2,682,996	[5]
Cost	[1],[3]	2,950,000	[2]	2,950,000	[5]
Principal/ Number of Shares	[1],[3]	$ 2,950,000	[2]	$ 2,950,000	[5]
Original Acquisition Date	[1],[3]	Apr. 18, 2023	[2]	Apr. 18, 2023	[5]
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - Delayed Draw Term Loan (1M USD TERM SOFR+9.43%), 13.96% Cash, 4/18/2028
% of Net Assets	[2],[3],[9]	2.30%
Fair Value	[2],[3],[6],[9]	$ 8,772,000
Cost	[2],[3],[9]	8,490,633
Principal/ Number of Shares	[2],[3],[9]	$ 8,600,000
Original Acquisition Date	[2],[3],[9]	Apr. 18, 2023
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - Delayed Draw Term Loan (1M USD TERM SOFR+9.48%), 14.80% Cash, 4/18/2028
% of Net Assets	[3],[5]			2.10%
Fair Value	[3],[5],[6]			$ 7,621,500
Cost	[3],[5]			7,392,367
Principal/ Number of Shares	[3],[5]			$ 7,500,000
Original Acquisition Date	[3],[5]			Apr. 18, 2023
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - First Lien Term Loan (1M USD TERM SOFR+9.43%), 13.96% Cash, 4/18/2028
% of Net Assets	[2],[3]	1.90%
Fair Value	[2],[3],[6]	$ 7,140,000
Cost	[2],[3]	6,918,971
Principal/ Number of Shares	[2],[3]	$ 7,000,000
Original Acquisition Date	[2],[3]	Apr. 18, 2023
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - First Lien Term Loan (1M USD TERM SOFR+9.48%), 14.80% Cash, 4/18/2028
% of Net Assets	[3],[5]			1.90%
Fair Value	[3],[5],[6]			$ 7,113,400
Cost	[3],[5]			6,906,453
Principal/ Number of Shares	[3],[5]			$ 7,000,000
Original Acquisition Date	[3],[5]			Apr. 18, 2023
Investment, Identifier [Axis]: Municipal Government Software
% of Net Assets	[2],[3]	7.90%
Fair Value	[2],[3],[6]	$ 29,720,000
Cost	[2],[3]	$ 29,730,175
Investment, Identifier [Axis]: Netreo Holdings, LLC - IT Services - Common Stock Class A Units
% of Net Assets	[3],[4],[5],[18]			1.40%
Fair Value	[3],[4],[5],[6],[18]			$ 5,060,745
Cost	[3],[4],[5],[18]			8,344,500
Principal/ Number of Shares	[3],[4],[5],[18]			$ 4,600,677
Original Acquisition Date	[3],[4],[5],[18]			Jul. 03, 2018
Investment, Identifier [Axis]: Netreo Holdings, LLC - IT Services - Delayed Draw Term Loan (3M USD TERM SOFR +6.50%), 11.98% Cash/3.50% PIK, 12/31/2025
% of Net Assets	[3],[5],[7],[18]			6.70%
Fair Value	[3],[5],[6],[7],[18]			$ 24,778,425
Cost	[3],[5],[7],[18]			25,193,452
Principal/ Number of Shares	[3],[5],[7],[18]			$ 25,271,214
Original Acquisition Date	[3],[5],[7],[18]			May 26, 2020
Investment, Identifier [Axis]: Netreo Holdings, LLC - IT Services - First Lien Term Loan (3M USD TERM SOFR +6.50%), 11.98% Cash/3.50% PIK 12/31/2025
% of Net Assets	[3],[5],[18]			1.50%
Fair Value	[3],[5],[6],[18]			$ 5,582,719
Cost	[3],[5],[18]			5,686,791
Principal/ Number of Shares	[3],[5],[18]			$ 5,693,748
Original Acquisition Date	[3],[5],[18]			Jul. 03, 2018
Investment, Identifier [Axis]: New England Dental Partners - Dental Practice Management - Delayed Draw Term Loan (3M USD TERM SOFR+8.00%), 12.62% Cash, 11/25/2025
% of Net Assets	[2],[3]	0.60%
Fair Value	[2],[3],[6]	$ 2,173,220
Cost	[2],[3]	2,147,430
Principal/ Number of Shares	[2],[3]	$ 2,150,000
Original Acquisition Date	[2],[3]	Nov. 25, 2020
Investment, Identifier [Axis]: New England Dental Partners - Dental Practice Management - Delayed Draw Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash, 11/25/2025
% of Net Assets	[3],[5]			1.20%
Fair Value	[3],[5],[6]			$ 4,397,040
Cost	[3],[5]			4,635,903
Principal/ Number of Shares	[3],[5]			$ 4,650,000
Original Acquisition Date	[3],[5]			Nov. 25, 2020
Investment, Identifier [Axis]: New England Dental Partners - Dental Practice Management - First Lien Term Loan (3M USD TERM SOFR+8.00%), 12.62% Cash, 11/25/2025
% of Net Assets	[2],[3]	1.80%
Fair Value	[2],[3],[6]	$ 6,625,794
Cost	[2],[3]	6,538,499
Principal/ Number of Shares	[2],[3]	$ 6,555,000
Original Acquisition Date	[2],[3]	Nov. 25, 2020
Investment, Identifier [Axis]: New England Dental Partners - Dental Practice Management - First Lien Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash, 11/25/2025
% of Net Assets	[3],[5]			1.70%
Fair Value	[3],[5],[6]			$ 6,198,408
Cost	[3],[5]			6,526,643
Principal/ Number of Shares	[3],[5]			$ 6,555,000
Original Acquisition Date	[3],[5]			Nov. 25, 2020
Investment, Identifier [Axis]: Non-profit Services
% of Net Assets	[3]	4.40%	[2]	4.40%	[5]
Fair Value	[3],[6]	$ 16,428,755	[2]	$ 16,266,938	[5]
Cost	[3]	$ 16,366,585	[2]	$ 16,239,922	[5]
Investment, Identifier [Axis]: Office Supplies
% of Net Assets	[3]	1.50%	[2]	1.90%	[5]
Fair Value	[3],[6]	$ 5,446,364	[2]	$ 7,180,874	[5]
Cost	[3]	$ 4,395,859	[2]	$ 6,392,437	[5]
Investment, Identifier [Axis]: Omatic Software, LLC - Non-profit Services - First Lien Term Loan (3M USD TERM SOFR+8.00%), 12.73% Cash/1.00% PIK, 6/30/2025
% of Net Assets	[2],[3],[7]	4.40%
Fair Value	[2],[3],[6],[7]	$ 16,428,755
Cost	[2],[3],[7]	16,366,585
Principal/ Number of Shares	[2],[3],[7]	$ 16,381,249
Original Acquisition Date	[2],[3],[7]	May 29, 2018
Investment, Identifier [Axis]: Omatic Software, LLC - Non-profit Services - First Lien Term Loan (3M USD TERM SOFR+8.00%), 13.59% Cash/1.00% PIK, 6/30/2025
% of Net Assets	[3],[5]			4.40%
Fair Value	[3],[5],[6]			$ 16,266,938
Cost	[3],[5]			16,239,922
Principal/ Number of Shares	[3],[5]			$ 16,270,192
Original Acquisition Date	[3],[5]			May 29, 2018
Investment, Identifier [Axis]: Panther ParentCo LLC - Insurance Software - Class A Units
% of Net Assets	[3]	1.30%	[1],[2]	1.10%	[4],[5]
Fair Value	[3],[6]	$ 4,692,238	[1],[2]	$ 4,014,869	[4],[5]
Cost	[3]	2,500,000	[1],[2]	2,500,000	[4],[5]
Principal/ Number of Shares	[3]	$ 2,500,000	[1],[2]	$ 2,500,000	[4],[5]
Original Acquisition Date	[3]	Oct. 01, 2021	[1],[2]	Oct. 01, 2021	[4],[5]
Investment, Identifier [Axis]: Pepper Palace, Inc - Specialty Food Retailer - Revolving Credit Facility (3M USD TERM SOFR+6.25%), 11.73% Cash, 6/30/2026
% of Net Assets	[3],[5],[8],[16]			0%
Fair Value	[3],[5],[6],[8],[16]
Cost	[3],[5],[8],[16]
Principal/ Number of Shares	[3],[5],[8],[16]
Original Acquisition Date	[3],[5],[8],[16]			Jun. 30, 2021
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - Class A Units
% of Net Assets	[1],[2],[3],[14]	0%
Fair Value	[1],[2],[3],[6],[14]
Cost	[1],[2],[3],[14]	138,561
Principal/ Number of Shares	[1],[2],[3],[14]	$ 100,000
Original Acquisition Date	[1],[2],[3],[14]	Jun. 30, 2021
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - Delayed Draw Term Loan (3M USD TERM SOFR+6.25%), 11.73% Cash, 6/30/2026
% of Net Assets	[3],[5],[8],[16]			0%
Fair Value	[3],[5],[6],[8],[16]			$ 79,646
Cost	[3],[5],[8],[16]			1,092,422
Principal/ Number of Shares	[3],[5],[8],[16]			$ 1,101,600
Original Acquisition Date	[3],[5],[8],[16]			Jun. 30, 2021
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - Delayed Draw Term Loan 4.42% PIK, 12/31/2028
% of Net Assets	[2],[3],[9],[14],[19]	0%
Fair Value	[2],[3],[6],[9],[14],[19]
Cost	[2],[3],[9],[14],[19]
Principal/ Number of Shares	[2],[3],[9],[14],[19]
Original Acquisition Date	[2],[3],[9],[14],[19]	Jun. 30, 2021
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - First Lien Term Loan (3M USD TERM SOFR+6.25%), 11.73% Cash, 6/30/2026
% of Net Assets	[3],[5],[7],[16]			0.70%
Fair Value	[3],[5],[6],[7],[16]			$ 2,409,036
Cost	[3],[5],[7],[16]			33,148,332
Principal/ Number of Shares	[3],[5],[7],[16]			$ 33,320,000
Original Acquisition Date	[3],[5],[7],[16]			Jun. 30, 2021
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - First Lien Term Loan 4.42% PIK, 12/31/2028
% of Net Assets	[2],[3],[14],[19]	0.40%
Fair Value	[2],[3],[6],[14],[19]	$ 1,349,520
Cost	[2],[3],[14],[19]	2,400,000
Principal/ Number of Shares	[2],[3],[14],[19]	$ 2,400,000
Original Acquisition Date	[2],[3],[14],[19]	Jun. 30, 2021
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - Membership Interest (Series A)
% of Net Assets	[3],[4],[5]			0%
Fair Value	[3],[4],[5],[6]
Cost	[3],[4],[5]			1,000,000
Principal/ Number of Shares	[3],[4],[5]			$ 1,000,000
Original Acquisition Date	[3],[4],[5]			Jun. 30, 2021
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - Revolving Credit Facility 4.42% PIK, 12/31/2028
% of Net Assets	[2],[3],[9],[14],[19]	0.10%
Fair Value	[2],[3],[6],[9],[14],[19]	$ 224,920
Cost	[2],[3],[9],[14],[19]	400,000
Principal/ Number of Shares	[2],[3],[9],[14],[19]	$ 400,000
Original Acquisition Date	[2],[3],[9],[14],[19]	Jun. 30, 2021
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer -Membership Interest (Series B)
% of Net Assets	[3],[4],[5]			0%
Fair Value	[3],[4],[5],[6]
Cost	[3],[4],[5]			197,035
Principal/ Number of Shares	[3],[4],[5]			$ 197,035
Original Acquisition Date	[3],[4],[5]			Jun. 30, 2021
Investment, Identifier [Axis]: Procurement Partners Holdings LLC - Healthcare Software - Class A Units
% of Net Assets	[3]	0.10%	[1],[2]	0.20%	[4],[5]
Fair Value	[3],[6]	$ 409,679	[1],[2]	$ 826,280	[4],[5]
Cost	[3]	571,219	[1],[2]	571,219	[4],[5]
Principal/ Number of Shares	[3]	$ 571,219	[1],[2]	$ 571,219	[4],[5]
Original Acquisition Date	[3]	Nov. 12, 2020	[1],[2]	Nov. 12, 2020	[4],[5]
Investment, Identifier [Axis]: Procurement Partners Holdings LLC - Healthcare Software - Class AA Units
% of Net Assets	[1],[2],[3]	0%
Fair Value	[1],[2],[3],[6]	$ 108,206
Cost	[1],[2],[3]	30,994
Principal/ Number of Shares	[1],[2],[3]	$ 220,385
Original Acquisition Date	[1],[2],[3]	Nov. 12, 2020
Investment, Identifier [Axis]: Procurement Partners, LLC - Healthcare Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.50%), 10.97% Cash, 5/12/2026
% of Net Assets	[2],[3]	2.70%
Fair Value	[2],[3],[6]	$ 10,300,000
Cost	[2],[3]	10,277,796
Principal/ Number of Shares	[2],[3]	$ 10,300,000
Original Acquisition Date	[2],[3]	Nov. 12, 2020
Investment, Identifier [Axis]: Procurement Partners, LLC - Healthcare Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.50%), 11.83% Cash, 5/12/2026
% of Net Assets	[3],[5],[8]			2.80%
Fair Value	[3],[5],[6],[8]			$ 10,300,000
Cost	[3],[5],[8]			10,230,001
Principal/ Number of Shares	[3],[5],[8]			$ 10,300,000
Original Acquisition Date	[3],[5],[8]			Nov. 12, 2020
Investment, Identifier [Axis]: Procurement Partners, LLC - Healthcare Software - First Lien Term Loan (3M USD TERM SOFR+6.50%), 10.97% Cash, 5/12/2026
% of Net Assets	[2],[3]	9.40%
Fair Value	[2],[3],[6]	$ 35,125,000
Cost	[2],[3]	35,010,241
Principal/ Number of Shares	[2],[3]	$ 35,125,000
Original Acquisition Date	[2],[3]	Nov. 12, 2020
Investment, Identifier [Axis]: Procurement Partners, LLC - Healthcare Software - First Lien Term Loan (3M USD TERM SOFR+6.50%), 11.83% Cash, 5/12/2026
% of Net Assets	[3],[5]			9.50%
Fair Value	[3],[5],[6]			$ 35,125,000
Cost	[3],[5]			34,965,458
Principal/ Number of Shares	[3],[5]			$ 35,125,000
Original Acquisition Date	[3],[5]			Nov. 12, 2020
Investment, Identifier [Axis]: Ready Education - Education Software - First Lien Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 8/5/2027
% of Net Assets	[2],[3],[7]	7.20%
Fair Value	[2],[3],[6],[7]	$ 26,878,500
Cost	[2],[3],[7]	26,827,805
Principal/ Number of Shares	[2],[3],[7]	$ 27,000,000
Original Acquisition Date	[2],[3],[7]	Aug. 05, 2022
Investment, Identifier [Axis]: Ready Education - Education Software - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 8/5/2027
% of Net Assets	[3],[5]			7.20%
Fair Value	[3],[5],[6]			$ 26,792,100
Cost	[3],[5]			26,797,063
Principal/ Number of Shares	[3],[5]			$ 27,000,000
Original Acquisition Date	[3],[5]			Aug. 05, 2022
Investment, Identifier [Axis]: Real Estate Services
% of Net Assets	[3]	13.80%	[2]	14.10%	[5]
Fair Value	[3],[6]	$ 51,802,803	[2]	$ 52,350,445	[5]
Cost	[3]	$ 53,763,689	[2]	$ 53,665,591	[5]
Investment, Identifier [Axis]: Research Software
% of Net Assets	[3]	6.90%	[2]	7.20%	[5]
Fair Value	[3],[6]	$ 26,373,510	[2]	$ 26,254,706	[5]
Cost	[3]	$ 26,202,786	[2]	$ 26,176,748	[5]
Investment, Identifier [Axis]: Restaurant
% of Net Assets	[3]	8.40%	[2]	6.20%	[5]
Fair Value	[3],[6]	$ 31,534,323	[2]	$ 22,580,272	[5]
Cost	[3]	$ 30,800,875	[2]	$ 21,861,817	[5]
Investment, Identifier [Axis]: Roofing Contractor Software
% of Net Assets	[3],[5]			5.10%
Fair Value	[3],[5],[6]			$ 19,014,055
Cost	[3],[5]			$ 18,624,294
Investment, Identifier [Axis]: Roscoe Medical, Inc. - Healthcare Supply - Common Stock
% of Net Assets	[3]	0%	[1],[2]	0%	[4],[5]
Fair Value	[3],[6]		[1],[2]		[4],[5]
Cost	[3]	508,077	[1],[2]	508,077	[4],[5]
Principal/ Number of Shares	[3]	$ 5,081	[1],[2]	$ 5,081	[4],[5]
Original Acquisition Date	[3]	Mar. 26, 2014	[1],[2]	Mar. 26, 2014	[4],[5]
Investment, Identifier [Axis]: Saratoga Investment Corp. CLO 2013-1, Ltd. - Structured Finance Securities - Other/Structured Finance Securities 0.00%, 4/20/2033
% of Net Assets	[3],[20]	0.30%	[2],[14],[15]	2.60%	[5],[13],[18]
Fair Value	[3],[6],[20]	$ 1,269,512	[2],[14],[15]	$ 9,500,627	[5],[13],[18]
Cost	[3],[20]	16,628,297	[2],[14],[15]	22,001,887	[5],[13],[18]
Principal/ Number of Shares	[3],[20]	$ 111,000,000	[2],[14],[15]	$ 111,000,000	[5],[13],[18]
Original Acquisition Date	[3],[20]	Jan. 22, 2008	[2],[14],[15]	Jan. 22, 2008	[5],[13],[18]
Investment, Identifier [Axis]: Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note - Structured Finance Securities - Other/Structured Finance Securities (3M USD TERM SOFR+10.00%), 14.73%, 4/20/2033
% of Net Assets	[2],[3],[14],[15]	1.20%
Fair Value	[2],[3],[6],[14],[15]	$ 4,332,188
Cost	[2],[3],[14],[15]	9,375,000
Principal/ Number of Shares	[2],[3],[14],[15]	$ 9,375,000
Original Acquisition Date	[2],[3],[14],[15]	Aug. 09, 2021
Investment, Identifier [Axis]: Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note - Structured Finance Securities - Other/Structured Finance Securities (3M USD TERM SOFR+10.00%), 15.60%, 4/20/2033
% of Net Assets	[3],[5],[13],[18]			2.40%
Fair Value	[3],[5],[6],[13],[18]			$ 8,875,227
Cost	[3],[5],[13],[18]			9,375,000
Principal/ Number of Shares	[3],[5],[13],[18]			$ 9,375,000
Original Acquisition Date	[3],[5],[13],[18]			Aug. 09, 2021
Investment, Identifier [Axis]: Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note - Structured Finance Securities - Other/Structured Finance Securities (3M USD TERM SOFR+8.55%), 13.02%, 10/20/2033
% of Net Assets	[2],[3],[14],[15]	3.30%
Fair Value	[2],[3],[6],[14],[15]	$ 12,250,000
Cost	[2],[3],[14],[15]	11,392,500
Principal/ Number of Shares	[2],[3],[14],[15]	$ 12,250,000
Original Acquisition Date	[2],[3],[14],[15]	Oct. 28, 2022
Investment, Identifier [Axis]: Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note - Structured Finance Securities - Other/Structured Finance Securities (3M USD TERM SOFR+8.55%), 13.88%, 10/20/2033
% of Net Assets	[3],[5],[13],[18]			3.30%
Fair Value	[3],[5],[6],[13],[18]			$ 12,250,000
Cost	[3],[5],[13],[18]			11,392,500
Principal/ Number of Shares	[3],[5],[13],[18]			$ 12,250,000
Original Acquisition Date	[3],[5],[13],[18]			Oct. 28, 2022
Investment, Identifier [Axis]: Saratoga Senior Loan Fund I JV, LLC - Investment Fund - Membership Interest
% of Net Assets	[3]	1.30%	[2],[14],[15]	2.50%	[5],[13],[18]
Fair Value	[3],[6]	$ 4,752,700	[2],[14],[15]	$ 9,403,996	[5],[13],[18]
Cost	[3]	17,583,486	[2],[14],[15]	17,583,487	[5],[13],[18]
Principal/ Number of Shares	[3]	$ 17,583,486	[2],[14],[15]	$ 17,583,486	[5],[13],[18]
Original Acquisition Date	[3]	Dec. 17, 2021	[2],[14],[15]	Dec. 17, 2021	[5],[13],[18]
Investment, Identifier [Axis]: Saratoga Senior Loan Fund I JV, LLC - Investment Fund - Unsecured Loan 10.00%, 10/20/2033
% of Net Assets	[3]	4.30%	[2],[9],[14],[15]	4.30%	[5],[8],[13],[18]
Fair Value	[3],[6]	$ 16,198,866	[2],[9],[14],[15]	$ 15,818,297	[5],[8],[13],[18]
Cost	[3]	17,618,954	[2],[9],[14],[15]	17,618,954	[5],[8],[13],[18]
Principal/ Number of Shares	[3]	$ 17,618,954	[2],[9],[14],[15]	$ 17,618,954	[5],[8],[13],[18]
Original Acquisition Date	[3]	Dec. 17, 2021	[2],[9],[14],[15]	Dec. 17, 2021	[5],[8],[13],[18]
Investment, Identifier [Axis]: Sceptre Hospitality Resources, LLC - Hospitality/Hotel - Delayed Draw Term Loan (3M USD TERM SOFR+7.25%), 12.58% Cash, 11/15/2027
% of Net Assets	[3],[5],[8]			0%
Fair Value	[3],[5],[6],[8]
Cost	[3],[5],[8]
Principal/ Number of Shares	[3],[5],[8]
Original Acquisition Date	[3],[5],[8]			Sep. 02, 2021
Investment, Identifier [Axis]: Sceptre Hospitality Resources, LLC - Hospitality/Hotel - First Lien Term Loan (3M USD TERM SOFR+7.25%), 12.58% Cash, 11/15/2027
% of Net Assets	[3],[5]			6.30%
Fair Value	[3],[5],[6]			$ 23,278,300
Cost	[3],[5]			22,835,500
Principal/ Number of Shares	[3],[5]			$ 23,000,000
Original Acquisition Date	[3],[5]			Apr. 27, 2020
Investment, Identifier [Axis]: Schoox, Inc - Corporate Education Software - Series 1 Membership Interest
% of Net Assets	[1],[2],[3],[12]	1.20%
Fair Value	[1],[2],[3],[6],[12]	$ 4,624,002
Cost	[1],[2],[3],[12]	475,698
Principal/ Number of Shares	[1],[2],[3],[12]	$ 1,050
Original Acquisition Date	[1],[2],[3],[12]	Dec. 08, 2020
Investment, Identifier [Axis]: Schoox, Inc. - Corporate Education Software - Series 1 Membership Interest
% of Net Assets	[3],[4],[5],[12]			1.20%
Fair Value	[3],[4],[5],[6],[12]			$ 4,426,630
Cost	[3],[4],[5],[12]			475,698
Principal/ Number of Shares	[3],[4],[5],[12]			$ 1,050
Original Acquisition Date	[3],[4],[5],[12]			Dec. 08, 2020
Investment, Identifier [Axis]: Specialty Food Retailer
% of Net Assets	[3]	0.50%	[2]	0.70%	[5]
Fair Value	[3],[6]	$ 1,574,440	[2]	$ 2,488,682	[5]
Cost	[3]	$ 2,938,561	[2]	$ 35,437,789	[5]
Investment, Identifier [Axis]: Sports Management
% of Net Assets	[3],[5]			7.30%
Fair Value	[3],[5],[6]			$ 27,000,000
Cost	[3],[5]			$ 26,945,071
Investment, Identifier [Axis]: Staffing Services
% of Net Assets	[3]	0.80%	[2]	0.90%	[5]
Fair Value	[3],[6]	$ 3,136,598	[2]	$ 3,287,970	[5]
Cost	[3]	$ 100,000	[2]	$ 100,000	[5]
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - Class A Units
% of Net Assets	[3]	0.40%	[1],[2]	0.60%	[4],[5]
Fair Value	[3],[6]	$ 1,579,066	[1],[2]	$ 2,062,331	[4],[5]
Cost	[3]	2,000,000	[1],[2]	2,000,000	[4],[5]
Principal/ Number of Shares	[3]	$ 20,000	[1],[2]	$ 20,000	[4],[5]
Original Acquisition Date	[3]	Mar. 31, 2023	[1],[2]	Mar. 31, 2023	[4],[5]
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 3/31/2028
% of Net Assets	[2],[3],[9]	0%
Fair Value	[2],[3],[6],[9]
Cost	[2],[3],[9]
Principal/ Number of Shares	[2],[3],[9]
Original Acquisition Date	[2],[3],[9]	Mar. 31, 2023
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 3/31/2028
% of Net Assets	[3],[5],[8]			0%
Fair Value	[3],[5],[6],[8]
Cost	[3],[5],[8]
Principal/ Number of Shares	[3],[5],[8]
Original Acquisition Date	[3],[5],[8]			Mar. 31, 2023
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - First Lien Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 3/31/2028
% of Net Assets	[2],[3],[7]	7.60%
Fair Value	[2],[3],[6],[7]	$ 28,430,099
Cost	[2],[3],[7]	28,496,472
Principal/ Number of Shares	[2],[3],[7]	$ 28,717,271
Original Acquisition Date	[2],[3],[7]	Mar. 31, 2023
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 3/31/2028
% of Net Assets	[3],[5]			8.10%
Fair Value	[3],[5],[6]			$ 29,970,000
Cost	[3],[5]			29,740,931
Principal/ Number of Shares	[3],[5]			$ 30,000,000
Original Acquisition Date	[3],[5]			Mar. 31, 2023
Investment, Identifier [Axis]: Structured Finance Securities
% of Net Assets	[3]	4.80%	[2]	8.30%	[5]
Fair Value	[3],[6]	$ 17,851,700	[2]	$ 30,625,854	[5]
Cost	[3]	$ 37,395,797	[2]	$ 42,769,387	[5]
Investment, Identifier [Axis]: Sub Total Affiliate investments
% of Net Assets	[3]	10.50%	[2]	7.50%	[5]
Fair Value	[3],[6]	$ 39,803,456	[2]	$ 27,749,137	[5]
Cost	[3]	$ 37,627,241	[2]	$ 26,707,415	[5]
Investment, Identifier [Axis]: Sub Total Control investments
% of Net Assets	[3]	12%	[2]	24.70%	[5]
Fair Value	[3],[6]	$ 44,582,096	[2]	$ 91,270,036	[5]
Cost	[3]	$ 77,556,847	[2]	$ 117,196,571	[5]
Investment, Identifier [Axis]: Sub Total Non-control/Non-affiliate investments
% of Net Assets	[3]	234%	[2]	276.50%	[5]
Fair Value	[3],[6]	$ 875,707,680	[2]	$ 1,019,774,616	[5]
Cost	[3]	$ 852,158,089	[2]	$ 1,035,879,751	[5]
Investment, Identifier [Axis]: TG Pressure Washing Holdings, LLC - Facilities Maintenance - Preferred Equity
% of Net Assets	[3]	0%	[1],[2]	0.10%	[4],[5]
Fair Value	[3],[6]		[1],[2]	$ 231,181	[4],[5]
Cost	[3]	488,148	[1],[2]	488,148	[4],[5]
Principal/ Number of Shares	[3]	$ 488,148	[1],[2]	$ 488,148	[4],[5]
Original Acquisition Date	[3]	Aug. 12, 2019	[1],[2]	Aug. 12, 2019	[4],[5]
Investment, Identifier [Axis]: TOTAL INVESTMENTS
% of Net Assets	[3],[5]			308.70%
Fair Value	[3],[5],[6]			$ 1,138,793,789
Cost	[3],[5]			$ 1,179,783,737
Investment, Identifier [Axis]: TOTAL INVESTMENTS - 256.5%
% of Net Assets	[2],[3]	256.50%
Fair Value	[2],[3],[6]	$ 960,093,232
Cost	[2],[3]	$ 967,342,177
Investment, Identifier [Axis]: TRC HemaTerra, LLC - Healthcare Software - Class D Membership Interests
% of Net Assets	[3],[4],[5]			1.40%
Fair Value	[3],[4],[5],[6]			$ 5,362,439
Cost	[3],[4],[5]			2,816,693
Principal/ Number of Shares	[3],[4],[5]			$ 2,487
Original Acquisition Date	[3],[4],[5]			Apr. 15, 2019
Investment, Identifier [Axis]: Talent Acquisition Software
% of Net Assets	[3]	7.30%	[2]	7.50%	[5]
Fair Value	[3],[6]	$ 27,453,000	[2]	$ 26,896,000	[5]
Cost	[3]	$ 27,345,713	[2]	$ 26,822,857	[5]
Investment, Identifier [Axis]: Vector Controls Holding Co., LLC - Industrial Products - First Lien Term Loan (3M USD TERM SOFR+6.50%), 11.75% Cash, 3/6/2025
% of Net Assets	[3],[5],[7]			0.20%
Fair Value	[3],[5],[6],[7]			$ 923,886
Cost	[3],[5],[7]			923,886
Principal/ Number of Shares	[3],[5],[7]			$ 923,886
Original Acquisition Date	[3],[5],[7]			Mar. 06, 2013
Investment, Identifier [Axis]: Vector Controls Holding Co., LLC - Industrial Products - Warrants to Purchase Limited Liability Company Interests, Expires 11/30/2027
% of Net Assets	[3],[4],[5]			2.20%
Fair Value	[3],[4],[5],[6]			$ 8,171,235
Cost	[3],[4],[5]
Principal/ Number of Shares	[3],[4],[5]			$ 343
Original Acquisition Date	[3],[4],[5]			May 31, 2015
Investment, Identifier [Axis]: Vector Controls Holding Co., LLC - Industrial Products - Warrants to Purchase Limited Liability Company Interests, Expires 3/6/2025
% of Net Assets	[1],[2],[3]	2.30%
Fair Value	[1],[2],[3],[6]	$ 8,726,466
Cost	[1],[2],[3]
Principal/ Number of Shares	[1],[2],[3]	$ 343
Original Acquisition Date	[1],[2],[3]	May 31, 2015
Investment, Identifier [Axis]: Veterinary Services
% of Net Assets	[3]	3.40%	[2]	1.30%	[5]
Fair Value	[3],[6]	$ 12,671,625	[2]	$ 4,753,048	[5]
Cost	[3]	$ 12,569,302	[2]	$ 4,638,599	[5]
Investment, Identifier [Axis]: VetnCare MSO, LLC - Veterinary Services - Delayed Draw Term Loan (3M USD TERM SOFR+5.75%), 10.22% Cash, 5/12/2028
% of Net Assets	[2],[3],[9]	3.40%
Fair Value	[2],[3],[6],[9]	$ 12,671,625
Cost	[2],[3],[9]	12,569,302
Principal/ Number of Shares	[2],[3],[9]	$ 12,680,505
Original Acquisition Date	[2],[3],[9]	May 12, 2023
Investment, Identifier [Axis]: VetnCare MSO, LLC - Veterinary Services - Delayed Draw Term Loan (3M USD TERM SOFR+5.75%), 11.08% Cash, 5/12/2028
% of Net Assets	[3],[5],[8]			1.30%
Fair Value	[3],[5],[6],[8]			$ 4,753,048
Cost	[3],[5],[8]			4,638,599
Principal/ Number of Shares	[3],[5],[8]			$ 4,680,505
Original Acquisition Date	[3],[5],[8]			May 12, 2023
Investment, Identifier [Axis]: Wellspring Worldwide Inc. - Research Software - Delayed DrawTerm Loan (1M USD TERM SOFR+6.00%), 11.32% Cash, 12/22/2028
% of Net Assets	[3],[5]			3.90%
Fair Value	[3],[5],[6]			$ 14,296,320
Cost	[3],[5]			14,227,504
Principal/ Number of Shares	[3],[5]			$ 14,400,000
Original Acquisition Date	[3],[5]			Jun. 27, 2022
Investment, Identifier [Axis]: Wellspring Worldwide Inc. - Research Software - Delayed DrawTerm Loan (3M USD TERM SOFR+8.42%), 12.89% Cash, 12/22/2028
% of Net Assets	[2],[3]	3.80%
Fair Value	[2],[3],[6]	$ 14,400,000
Cost	[2],[3]	14,246,419
Principal/ Number of Shares	[2],[3]	$ 14,400,000
Original Acquisition Date	[2],[3]	Jun. 27, 2022
Investment, Identifier [Axis]: Wellspring Worldwide Inc. - Research Software - First Lien Term Loan (3M USD TERM SOFR+8.42%), 12.89% Cash, 12/22/2028
% of Net Assets	[2],[3]	2.50%
Fair Value	[2],[3],[6]	$ 9,552,000
Cost	[2],[3]	9,481,207
Principal/ Number of Shares	[2],[3]	$ 9,552,000
Original Acquisition Date	[2],[3]	Jun. 27, 2022
Investment, Identifier [Axis]: Wellspring Worldwide Inc.- Research Software - First Lien Term Loan (1M USD TERM SOFR+6.00%), 11.32% Cash, 12/22/2028
% of Net Assets	[3],[5]			2.60%
Fair Value	[3],[5],[6]			$ 9,483,226
Cost	[3],[5]			9,474,084
Principal/ Number of Shares	[3],[5]			$ 9,552,000
Original Acquisition Date	[3],[5]			Jun. 27, 2022
Investment, Identifier [Axis]: Zollege PBC - Education Services - Class A Units
% of Net Assets	[3],[4],[5]			0%
Fair Value	[3],[4],[5],[6]
Cost	[3],[4],[5]			250,000
Principal/ Number of Shares	[3],[4],[5]			$ 250,000
Original Acquisition Date	[3],[4],[5]			May 11, 2021
Investment, Identifier [Axis]: Zollege PBC - Education Services - Common Stock
% of Net Assets	[1],[2],[3],[14]	0.80%
Fair Value	[1],[2],[3],[6],[14]	$ 3,101,000
Cost	[1],[2],[3],[14]	558,799
Principal/ Number of Shares	[1],[2],[3],[14]	$ 7,731,294
Original Acquisition Date	[1],[2],[3],[14]	May 11, 2021
Investment, Identifier [Axis]: Zollege PBC - Education Services - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash/2.00% PIK, 5/11/2026
% of Net Assets	[3],[5],[16]			0.90%
Fair Value	[3],[5],[6],[16]			$ 3,493,509
Cost	[3],[5],[16]			16,340,466
Principal/ Number of Shares	[3],[5],[16]			$ 16,409,153
Original Acquisition Date	[3],[5],[16]			May 11, 2021
Investment, Identifier [Axis]: Zollege PBC - Education Services - First Lien Term Loan 4.84% PIK, 8/9/2027
% of Net Assets	[2],[3],[14],[19]	0.30%
Fair Value	[2],[3],[6],[14],[19]	$ 1,103,390
Cost	[2],[3],[14],[19]	1,461,250
Principal/ Number of Shares	[2],[3],[14],[19]	$ 1,461,250
Original Acquisition Date	[2],[3],[14],[19]	May 11, 2021
Investment, Identifier [Axis]: Zollege PBC - Education Services -Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash/2.00% PIK, 5/11/2026
% of Net Assets	[3],[5],[8],[16]			0.10%
Fair Value	[3],[5],[6],[8],[16]			$ 290,419
Cost	[3],[5],[8],[16]			1,358,200
Principal/ Number of Shares	[3],[5],[8],[16]			$ 1,364,109
Original Acquisition Date	[3],[5],[8],[16]			May 11, 2021
[1]Non-income producing at November 30, 2024.[2]Percentages are based on net assets of $374,865,655 as of November 30, 2024.[3]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.[4]Non-income producing at February 29, 2024.[5]Percentages are based on net assets of $370,224,108 as of February 29, 2024.[6]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).[7]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).[8]All or a portion of this investment has an unfunded commitment as of February 29, 2024. (See Note 9 to the consolidated financial statements).[9]All or a portion of this investment has an unfunded commitment as of November 30, 2024. (See Note 9 to the consolidated financial statements).[10]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. Modis Dental Partners OpCo, LLC and Alpha Aesthetics Partners OpCo, LLC are no longer affiliates as of February 29, 2024. Transactions during the year ended February 29, 2024 in which the issuer was an affiliate are as follows:[11]As defined in the 1940 Act, this portfolio company is an “affiliate” as we own between 5.0% and 25.0% of the outstanding voting securities. Transactions during the nine months ended November 30, 2024 in which the issuer was an affiliate are as follows:[12]Includes securities issued by an affiliate of the company.[13]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 February 29, 2024, non-qualifying assets represent 6.2% of the Company’s portfolio at fair value. As a BDC, the Company generally has to invest at least 70% of its total assets in qualifying assets.[14]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 nine months ended November 30, 2024 in which the issuer was both an affiliate and a portfolio company that we control are as follows:[15]Represents an investment that is not a “qualifying asset” under Section 55(a) of the Investment Company Act of 1940, as amended (the 1940 Act”). As of November 30, 2024, non-qualifying assets represent 4.0% 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.[16]As of February 29, 2024, the investment was on non-accrual status. The fair value of these investments was approximately $18.9 million, which represented 1.7% of the Company’s portfolio (see Note 2 to the consolidated financial statements).[17] This investment elected to PIK 20% of accrued interest, with 80% of accrued interest payable in cash.

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (Unaudited) (Parentheticals)		Nov. 30, 2024		Feb. 29, 2024
Investment interest rate		25%
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - Delayed Draw Term Loan (3M USD TERM SOFR+8.40%), 12.86% Cash, 8/5/2027
Investment variable rate	[1],[2],[3]	8.40%
Investment interest rate	[1],[2],[3]	12.86%
Investment maturity date	[1],[2],[3]	Aug. 05, 2027
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - Delayed Draw Term Loan (3M USD TERM SOFR+8.47%), 13.81% Cash, 8/5/2027
Investment variable rate	[2],[3],[4],[5]			8.47%
Investment interest rate	[2],[3],[4],[5]			13.81%
Investment maturity date	[2],[3],[4],[5]			Aug. 05, 2027
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+8.40%), 12.86% Cash, 8/5/2027
Investment variable rate	[1],[2],[3]	8.40%
Investment interest rate	[1],[2],[3]	12.86%
Investment maturity date	[1],[2],[3]	Aug. 05, 2027
Investment, Identifier [Axis]: ARC Health OpCo LLC - Mental Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+8.47%), 13.81% Cash, 8/5/2027
Investment variable rate	[2],[3],[5]			8.47%
Investment interest rate	[2],[3],[5]			13.81%
Investment maturity date	[2],[3],[5]			Aug. 05, 2027
Investment, Identifier [Axis]: ActiveProspect, Inc. - Lead Management Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 10.67% Cash, 8/8/2027
Investment variable rate	[1],[2],[6]	6%
Investment interest rate	[1],[2],[6]	10.67%
Investment maturity date	[1],[2],[6]	Aug. 08, 2027
Investment, Identifier [Axis]: ActiveProspect, Inc. - Lead Management Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 11.53% Cash, 8/8/2027
Investment variable rate	[2],[4],[5]			6%
Investment interest rate	[2],[4],[5]			11.53%
Investment maturity date	[2],[4],[5]			Aug. 08, 2027
Investment, Identifier [Axis]: ActiveProspect, Inc. - Lead Management Software - First Lien Term Loan (3M USD TERM SOFR+6.00%), 10.67% Cash, 8/8/2027
Investment variable rate	[1],[2],[3]	6%
Investment interest rate	[1],[2],[3]	10.67%
Investment maturity date	[1],[2],[3]	Aug. 08, 2027
Investment, Identifier [Axis]: ActiveProspect, Inc. - Lead Management Software - First Lien Term Loan (3M USD TERM SOFR+6.00%), 11.53% Cash, 8/8/2027
Investment variable rate	[2],[3],[5]			6%
Investment interest rate	[2],[3],[5]			11.53%
Investment maturity date	[2],[3],[5]			Aug. 08, 2027
Investment, Identifier [Axis]: AgencyBloc, LLC - Insurance Software - First Lien Term Loan (1M USD TERM SOFR+7.76%), 12.29% Cash, 10/1/2026
Investment variable rate	[1],[2]	7.76%
Investment interest rate	[1],[2]	12.29%
Investment maturity date	[1],[2]	Oct. 01, 2026
Investment, Identifier [Axis]: AgencyBloc, LLC - Insurance Software - First Lien Term Loan (1M USD TERM SOFR+7.76%), 13.09% Cash, 10/1/2026
Investment variable rate	[2],[5]			7.76%
Investment interest rate	[2],[5]			13.09%
Investment maturity date	[2],[5]			Oct. 01, 2026
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - Delayed Draw Term Loan (1M USD TERM SOFR+9.93%), 14.46% Cash, 3/20/2028
Investment variable rate	[1],[2],[6]	9.93%
Investment interest rate	[1],[2],[6]	14.46%
Investment maturity date	[1],[2],[6]	Mar. 20, 2028
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - Delayed Draw Term Loan (1M USD TERM SOFR+9.98%), 15.30% Cash, 3/20/2028
Investment variable rate	[2],[4],[5]			9.98%
Investment interest rate	[2],[4],[5]			15.30%
Investment maturity date	[2],[4],[5]			Mar. 20, 2028
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - First Lien Term Loan (1M USD TERM SOFR+9.93%), 14.46% Cash, 3/20/2028
Investment variable rate	[1],[2]	9.93%
Investment interest rate	[1],[2]	14.46%
Investment maturity date	[1],[2]	Mar. 20, 2028
Investment, Identifier [Axis]: Alpha Aesthetics Partners OpCo, LLC - Healthcare Services - First Lien Term Loan (1M USD TERM SOFR+9.98%), 15.30% Cash, 3/20/2028
Investment variable rate	[2],[5]			9.98%
Investment interest rate	[2],[5]			15.30%
Investment maturity date	[2],[5]			Mar. 20, 2028
Investment, Identifier [Axis]: Altvia MidCo, LLC. - Alternative Investment Management Software - First Lien Term Loan (3M USD TERM SOFR+8.50%), 13.83% Cash, 7/18/2027
Investment variable rate	[2],[5]			8.50%
Investment interest rate	[2],[5]			13.83%
Investment maturity date	[2],[5]			Jul. 18, 2027
Investment, Identifier [Axis]: Altvia MidCo, LLC. - Alternative Investment Management Software - First Lien Term Loan (3M USD TERM SOFR+8.50%),12.97% Cash, 7/18/2027
Investment variable rate	[1],[2]	8.50%
Investment interest rate	[1],[2]	12.97%
Investment maturity date	[1],[2]	Jul. 18, 2027
Investment, Identifier [Axis]: ArbiterSports, LLC - Sports Management - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 11.33% Cash, 2/21/2025
Investment variable rate	[2],[5]			6%
Investment interest rate	[2],[5]			11.33%
Investment maturity date	[2],[5]			Feb. 21, 2025
Investment, Identifier [Axis]: ArbiterSports, LLC - Sports Management - First Lien Term Loan (3M USD TERM SOFR+6.00%), 11.33% Cash, 2/21/2025
Investment variable rate	[2],[3],[5]			6%
Investment interest rate	[2],[3],[5]			11.33%
Investment maturity date	[2],[3],[5]			Feb. 21, 2025
Investment, Identifier [Axis]: Artemis Wax Corp. - Consumer Services - Delayed Draw Term Loan (1M USD TERM SOFR+6.75%), 12.07% Cash, 5/20/2026
Investment variable rate	[2],[3],[4],[5]			6.75%
Investment interest rate	[2],[3],[4],[5]			12.07%
Investment maturity date	[2],[3],[4],[5]			May 20, 2026
Investment, Identifier [Axis]: Artemis Wax Corp. - Consumer Services - Delayed Draw Term Loan (1M USD TERM SOFR+7.50%), 12.03% Cash, 5/20/2026
Investment variable rate	[1],[2],[3],[6]	7.50%
Investment interest rate	[1],[2],[3],[6]	12.03%
Investment maturity date	[1],[2],[3],[6]	May 20, 2026
Investment, Identifier [Axis]: Ascend Software, LLC - Financial Services Software - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 12.23% Cash, 12/15/2026
Investment variable rate	[1],[2],[6]	7.50%
Investment interest rate	[1],[2],[6]	12.23%
Investment maturity date	[1],[2],[6]	Dec. 15, 2026
Investment, Identifier [Axis]: Ascend Software, LLC - Financial Services Software - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 13.10% Cash, 12/15/2026
Investment variable rate	[2],[4],[5]			7.50%
Investment interest rate	[2],[4],[5]			13.10%
Investment maturity date	[2],[4],[5]			Dec. 15, 2026
Investment, Identifier [Axis]: Ascend Software, LLC - Financial Services Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 12.23% Cash, 12/15/2026
Investment variable rate	[1],[2]	7.50%
Investment interest rate	[1],[2]	12.23%
Investment maturity date	[1],[2]	Dec. 15, 2026
Investment, Identifier [Axis]: Ascend Software, LLC - Financial Services Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 13.10% Cash, 12/15/2026
Investment variable rate	[2],[5]			7.50%
Investment interest rate	[2],[5]			13.10%
Investment maturity date	[2],[5]			Dec. 15, 2026
Investment, Identifier [Axis]: Avantra (Maple Holdings Midco Limited) - IT Services - First Lien Term Loan (3M USD TERM SOFR+7.97%), 12.44% Cash, 9/20/2029
Investment variable rate	[1],[2]	7.97%
Investment interest rate	[1],[2]	12.44%
Investment maturity date	[1],[2]	Sep. 20, 2029
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Delayed Draw Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash, 6/30/2026
Investment variable rate	[2],[5],[7]			8%
Investment interest rate	[2],[5],[7]			13.48%
Investment maturity date	[2],[5],[7]			Jun. 30, 2026
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Delayed Draw Term Loan 4.50% Cash, (3M USD TERM SOFR + 2.50%) PIK, 12/31/2027
Investment variable rate	[1],[2],[8]	2.50%
Investment interest rate	[1],[2],[8]	4.50%
Investment maturity date	[1],[2],[8]	Dec. 31, 2027
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - First Lien Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash, 6/30/2026
Investment variable rate	[2],[5],[7]			8%
Investment interest rate	[2],[5],[7]			13.48%
Investment maturity date	[2],[5],[7]			Jun. 30, 2026
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - First Lien Term Loan 4.50% Cash, (3M USD TERM SOFR + 2.50%) PIK, 12/31/2027
Investment variable rate	[1],[2],[8]	2.50%
Investment interest rate	[1],[2],[8]	4.50%
Investment maturity date	[1],[2],[8]	Dec. 31, 2027
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Revolving Credit Facility (3M USD TERM SOFR+8.00%), 13.48% Cash, 6/30/2026
Investment variable rate	[2],[4],[5],[7]			8%
Investment interest rate	[2],[4],[5],[7]			13.48%
Investment maturity date	[2],[4],[5],[7]			Jun. 30, 2026
Investment, Identifier [Axis]: Axero Holdings, LLC - Employee Collaboration Software - Revolving Credit Facility 4.50% Cash, (3M USD TERM SOFR + 2.50%) PIK, 12/31/2027
Investment variable rate	[1],[2],[6],[8]	2.50%
Investment interest rate	[1],[2],[6],[8]	4.50%
Investment maturity date	[1],[2],[6],[8]	Dec. 31, 2027
Investment, Identifier [Axis]: Axiom Medical Consulting, LLC - Healthcare Services - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 10.47% Cash, 9/11/2028
Investment variable rate	[1],[2],[6]	6%
Investment interest rate	[1],[2],[6]	10.47%
Investment maturity date	[1],[2],[6]	Sep. 11, 2028
Investment, Identifier [Axis]: Axiom Medical Consulting, LLC - Healthcare Services - Delayed Draw Term Loan (3M USD TERM SOFR+6.00%), 11.33% Cash, 9/11/2028
Investment variable rate	[2],[4],[5]			6%
Investment interest rate	[2],[4],[5]			11.33%
Investment maturity date	[2],[4],[5]			Sep. 11, 2028
Investment, Identifier [Axis]: Axiom Medical Consulting, LLC - Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+6.00%), 10.47% Cash, 9/11/2028
Investment variable rate	[1],[2]	6%
Investment interest rate	[1],[2]	10.47%
Investment maturity date	[1],[2]	Sep. 11, 2028
Investment, Identifier [Axis]: Axiom Medical Consulting, LLC - Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+6.00%), 11.33% Cash, 9/11/2028
Investment variable rate	[2],[5]			6%
Investment interest rate	[2],[5]			11.33%
Investment maturity date	[2],[5]			Sep. 11, 2028
Investment, Identifier [Axis]: BQE Software, Inc. - Architecture & Engineering Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.75%), 11.22% Cash, 4/13/2028
Investment variable rate	[1],[2],[6]	6.75%
Investment interest rate	[1],[2],[6]	11.22%
Investment maturity date	[1],[2],[6]	Apr. 13, 2028
Investment, Identifier [Axis]: BQE Software, Inc. - Architecture & Engineering Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.75%), 12.08% Cash, 4/13/2028
Investment variable rate	[2],[4],[5]			6.75%
Investment interest rate	[2],[4],[5]			12.08%
Investment maturity date	[2],[4],[5]			Apr. 13, 2028
Investment, Identifier [Axis]: BQE Software, Inc. - Architecture & Engineering Software - First Lien Term Loan (3M USD TERM SOFR+6.75%), 11.22% Cash, 4/13/2028
Investment variable rate	[1],[2],[3]	6.75%
Investment interest rate	[1],[2],[3]	11.22%
Investment maturity date	[1],[2],[3]	Apr. 13, 2028
Investment, Identifier [Axis]: BQE Software, Inc. - Architecture & Engineering Software - First Lien Term Loan (3M USD TERM SOFR+6.75%), 12.08% Cash, 4/13/2028
Investment variable rate	[2],[5]			6.75%
Investment interest rate	[2],[5]			12.08%
Investment maturity date	[2],[5]			Apr. 13, 2028
Investment, Identifier [Axis]: Book4Time, Inc. - Hospitality/Hotel - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 12.83%, 12/22/2025
Investment variable rate	[2],[5],[9]			7.50%
Investment interest rate	[2],[5],[9]			12.83%
Investment maturity date	[2],[5],[9]			Dec. 22, 2025
Investment, Identifier [Axis]: Book4Time, Inc. - Hospitality/Hotel - First Lien Term Loan (3M USD TERM SOFR+7.50%), 12.83%, 12/22/2025
Investment variable rate	[2],[3],[5],[9]			7.50%
Investment interest rate	[2],[3],[5],[9]			12.83%
Investment maturity date	[2],[3],[5],[9]			Dec. 22, 2025
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 11.57% Cash, 7/9/2025
Investment variable rate	[1],[2]	7%
Investment interest rate	[1],[2]	11.57%
Investment maturity date	[1],[2]	Jul. 09, 2025
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.47% Cash, 7/9/2025
Investment variable rate	[2],[5]			7%
Investment interest rate	[2],[5]			12.47%
Investment maturity date	[2],[5]			Jul. 09, 2025
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - First Lien Term Loan (3M USD TERM SOFR+7.00%), 11.57% Cash, 7/9/2025
Investment variable rate	[1],[2],[3]	7%
Investment interest rate	[1],[2],[3]	11.57%
Investment maturity date	[1],[2],[3]	Jul. 09, 2025
Investment, Identifier [Axis]: Buildout, Inc. - Real Estate Services - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.43% Cash, 7/9/2025
Investment variable rate	[2],[3],[5]			7%
Investment interest rate	[2],[3],[5]			12.43%
Investment maturity date	[2],[3],[5]			Jul. 09, 2025
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - Delayed Draw Term Loan (3M USD TERM SOFR+8.50%), 12.97% Cash, 5/31/2025
Investment variable rate	[1],[2],[6]	8.50%
Investment interest rate	[1],[2],[6]	12.97%
Investment maturity date	[1],[2],[6]	May 31, 2025
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - Delayed Draw Term Loan (3M USD TERM SOFR+8.50%), 13.83% Cash, 5/31/2025
Investment variable rate	[2],[4],[5]			8.50%
Investment interest rate	[2],[4],[5]			13.83%
Investment maturity date	[2],[4],[5]			May 31, 2025
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - First Lien Term Loan (3M USD TERM SOFR+8.50%), 12.97% Cash, 5/31/2025
Investment variable rate	[1],[2],[3]	8.50%
Investment interest rate	[1],[2],[3]	12.97%
Investment maturity date	[1],[2],[3]	May 31, 2025
Investment, Identifier [Axis]: C2 Educational Systems, Inc. - Education Services - First Lien Term Loan (3M USD TERM SOFR+8.50%), 13.83% Cash, 5/31/2025
Investment variable rate	[2],[3],[5]			8.50%
Investment interest rate	[2],[3],[5]			13.83%
Investment maturity date	[2],[3],[5]			May 31, 2025
Investment, Identifier [Axis]: Centerbase, LLC - Legal Software - First Lien Term Loan (3M USD TERM SOFR+7.75%), 13.08% Cash, 1/18/2027
Investment variable rate	[2],[5]			7.75%
Investment interest rate	[2],[5]			13.08%
Investment maturity date	[2],[5]			Jan. 18, 2027
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - First Lien Term Loan (3M USD TERM SOFR+5.25%), 10.73% Cash, 8/26/2026
Investment variable rate	[2],[5]			5.25%
Investment interest rate	[2],[5]			10.73%
Investment maturity date	[2],[5]			Aug. 26, 2026
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - First Lien Term Loan (3M USD TERM SOFR+5.25%), 9.87% Cash, 8/26/2026
Investment variable rate	[1],[2]	5.25%
Investment interest rate	[1],[2]	9.87%
Investment maturity date	[1],[2]	Aug. 26, 2026
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - First Lien Term Loan (3M USD TERM SOFR+6.00%), 10.62% Cash, 8/26/2026
Investment variable rate	[1],[2],[3]	6%
Investment interest rate	[1],[2],[3]	10.62%
Investment maturity date	[1],[2],[3]	Aug. 26, 2026
Investment, Identifier [Axis]: Chronus LLC - Mentoring Software - First Lien Term Loan (3M USD TERM SOFR+6.00%), 11.48% Cash, 8/26/2026
Investment variable rate	[2],[5]			6%
Investment interest rate	[2],[5]			11.48%
Investment maturity date	[2],[5]			Aug. 26, 2026
Investment, Identifier [Axis]: Cloudpermit Intermediate Holding Company - Municipal Government Software - Delayed Draw Term Loan (3M USD TERM SOFR+5.75%), 10.22% Cash, 9/5/2029
Investment variable rate	[1],[2],[10]	5.75%
Investment interest rate	[1],[2],[6]	10.22%
Investment maturity date	[1],[2],[6]	Sep. 05, 2029
Investment, Identifier [Axis]: Cloudpermit Intermediate Holding Company - Municipal Government Software - First Lien Term Loan (3M USD TERM SOFR+5.75%), 10.22% Cash, 9/5/2029
Investment variable rate	[1],[2]	5.75%
Investment interest rate	[1],[2]	10.22%
Investment maturity date	[1],[2]	Sep. 05, 2029
Investment, Identifier [Axis]: ComForCare Health Care - Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+6.25%), 10.72% Cash, 12/31/2027
Investment variable rate	[1],[2],[3]	6.25%
Investment interest rate	[1],[2],[3]	10.72%
Investment maturity date	[1],[2],[3]	Dec. 31, 2027
Investment, Identifier [Axis]: ComForCare Health Care - Healthcare Services - First Lien Term Loan (3M USD TERM SOFR+6.25%), 11.58% Cash, 1/31/2025
Investment variable rate	[2],[3],[5]			6.25%
Investment interest rate	[2],[3],[5]			11.58%
Investment maturity date	[2],[3],[5]			Jan. 31, 2025
Investment, Identifier [Axis]: Davisware, LLC - Field Service Management - Delayed Draw Term Loan (3M USD TERM SOFR+6.50%), 10.97% Cash, 11/30/2025
Investment variable rate	[1],[2],[6]	6.50%
Investment interest rate	[1],[2],[6]	10.97%
Investment maturity date	[1],[2],[6]	Nov. 30, 2025
Investment, Identifier [Axis]: Davisware, LLC - Field Service Management - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 7/31/2024
Investment variable rate	[2],[4],[5]			7%
Investment interest rate	[2],[4],[5]			12.33%
Investment maturity date	[2],[4],[5]			Jul. 31, 2024
Investment, Identifier [Axis]: Davisware, LLC - Field Service Management - First Lien Term Loan (3M USD TERM SOFR+6.50%), 10.97% Cash, 11/30/2025
Investment variable rate	[1],[2]	6.50%
Investment interest rate	[1],[2]	10.97%
Investment maturity date	[1],[2]	Nov. 30, 2025
Investment, Identifier [Axis]: Davisware, LLC - Field Service Management - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 7/31/2024
Investment variable rate	[2],[5]			7%
Investment interest rate	[2],[5]			12.33%
Investment maturity date	[2],[5]			Jul. 31, 2024
Investment, Identifier [Axis]: ETU Holdings, Inc. - Corporate Education Software - First Lien Term Loan (3M USD TERM SOFR+9.00%), 13.62% Cash, 8/18/2027
Investment variable rate	[1],[2],[8]	9%
Investment interest rate	[1],[2],[8]	13.62%
Investment maturity date	[1],[2],[8]	Aug. 18, 2027
Investment, Identifier [Axis]: ETU Holdings, Inc. - Corporate Education Software - First Lien Term Loan (3M USD TERM SOFR+9.00%), 14.48% Cash, 8/18/2027
Investment variable rate	[2],[5],[7]			9%
Investment interest rate	[2],[5],[7]			14.48%
Investment maturity date	[2],[5],[7]			Aug. 18, 2027
Investment, Identifier [Axis]: ETU Holdings, Inc. - Corporate Education Software - Second Lien Term Loan 15.00% PIK, 2/18/2028
Investment maturity date	[2]	Feb. 18, 2028	[1],[8]	Feb. 18, 2028	[5],[7]
PIK rate	[2]	15%	[1],[8]	15%	[5],[7]
Investment, Identifier [Axis]: Emily Street Enterprises, L.L.C. - Office Supplies - Senior Secured Note (3M USD TERM SOFR+6.25%), 11.00% Cash, 12/31/2027
Investment variable rate	[1],[2],[3]	6.25%
Investment interest rate	[1],[2],[3]	11%
Investment maturity date	[1],[2],[3]	Dec. 31, 2027
Investment, Identifier [Axis]: Emily Street Enterprises, L.L.C. - Office Supplies - Senior Secured Note (3M USD TERM SOFR+7.50%), 12.83% Cash, 12/31/2025
Investment variable rate	[2],[5]			7.50%
Investment interest rate	[2],[5]			12.83%
Investment maturity date	[2],[5]			Dec. 31, 2025
Investment, Identifier [Axis]: Emily Street Enterprises, L.L.C. - Office Supplies - Warrant Membership Interests, Expires 12/31/2025
Investment maturity date	[2],[5],[11]			Dec. 31, 2025
Investment, Identifier [Axis]: Emily Street Enterprises, L.L.C. - Office Supplies - Warrant Membership Interests, Expires 12/31/2027
Investment maturity date	[1],[2],[12]	Dec. 31, 2027
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - First Lien Term Loan (1M USD TERM SOFR+5.75%), 11.17% Cash, 3/16/2027
Investment variable rate	[2],[3],[5]			5.75%
Investment interest rate	[2],[3],[5]			11.17%
Investment maturity date	[2],[3],[5]			Mar. 16, 2027
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - First Lien Term Loan (1M USD TERM SOFR+6.25%), 10.88% Cash, 3/16/2027
Investment variable rate	[1],[2],[3]	6.25%
Investment interest rate	[1],[2],[3]	10.88%
Investment maturity date	[1],[2],[3]	Mar. 16, 2027
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - Revolving Credit Facility (1M USD TERM SOFR+5.75%), 11.17% Cash, 3/16/2027
Investment variable rate	[2],[4],[5]			5.75%
Investment interest rate	[2],[4],[5]			11.17%
Investment maturity date	[2],[4],[5]			Mar. 16, 2027
Investment, Identifier [Axis]: Exigo, LLC - Direct Selling Software - Revolving Credit Facility (1M USD TERM SOFR+6.25%), 10.88% Cash, 3/16/2027
Investment variable rate	[1],[2],[6]	6.25%
Investment interest rate	[1],[2],[6]	10.88%
Investment maturity date	[1],[2],[6]	Mar. 16, 2027
Investment, Identifier [Axis]: GDS Software Holdings, LLC - Financial Services - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 12/30/2026
Investment variable rate	[1],[2],[3]	7%
Investment interest rate	[1],[2],[3]	11.47%
Investment maturity date	[1],[2],[3]	Dec. 30, 2026
Investment, Identifier [Axis]: GDS Software Holdings, LLC - Financial Services - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 12/30/2026
Investment variable rate	[2],[5]			7%
Investment interest rate	[2],[5]			12.33%
Investment maturity date	[2],[5]			Dec. 30, 2026
Investment, Identifier [Axis]: GDS Software Holdings, LLC - Financial Services - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 12/30/2026
Investment variable rate	[2],[5]			7%
Investment interest rate	[2],[5]			12.33%
Investment maturity date	[2],[5]			Dec. 30, 2026
Investment, Identifier [Axis]: GDS Software Holdings, LLC - First Lien Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 12/30/2026
Investment variable rate	[1],[2]	7%
Investment interest rate	[1],[2]	11.47%
Investment maturity date	[1],[2]	Dec. 30, 2026
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - Delayed Draw Term Loan (3M USD TERM SOFR+10.22%), 15.55% Cash, 4/29/2026
Investment variable rate	[2],[5]			10.22%
Investment interest rate	[2],[5]			15.55%
Investment maturity date	[2],[5]			Apr. 29, 2026
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - Delayed Draw Term Loan (6M USD TERM SOFR+5.50%), 9.88% Cash, 5/13/2030
Investment variable rate	[1],[2],[6]	5.50%
Investment interest rate	[1],[2],[6]	9.88%
Investment maturity date	[1],[2],[6]	May 13, 2030
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - First Lien Term Loan (6M USD TERM SOFR+5.50%), 9.88% Cash, 5/13/2030
Investment variable rate	[1],[2]	5.50%
Investment interest rate	[1],[2]	9.88%
Investment maturity date	[1],[2]	May 13, 2030
Investment, Identifier [Axis]: Gen4 Dental Partners Holdings, LLC - Dental Practice Management - Revolving Credit Facility (6M USD TERM SOFR+5.50%), 9.88% Cash, 5/13/2030
Investment variable rate	[1],[2],[6]	5.50%
Investment interest rate	[1],[2],[6]	9.88%
Investment maturity date	[1],[2],[6]	May 13, 2030
Investment, Identifier [Axis]: GoReact - Education Software - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 12.17% Cash/1.00% PIK, 1/17/2025
Investment variable rate	[1],[2],[6]	7.50%
Investment interest rate	[1],[2],[6]	12.17%
Investment maturity date	[1],[2],[6]	Jan. 17, 2025
PIK rate	[1],[2],[6]	1%
Investment, Identifier [Axis]: GoReact - Education Software - Delayed Draw Term Loan (3M USD TERM SOFR+7.50%), 13.03% Cash/1.00% PIK, 1/17/2025
Investment variable rate	[2],[4],[5]			7.50%
Investment interest rate	[2],[4],[5]			13.03%
Investment maturity date	[2],[4],[5]			Jan. 17, 2025
PIK rate	[2],[4],[5]			1%
Investment, Identifier [Axis]: GoReact - Education Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 12.17% Cash/1.00% PIK, 1/17/2025
Investment variable rate	[1],[2]	7.50%
Investment interest rate	[1],[2]	12.17%
Investment maturity date	[1],[2]	Jan. 17, 2025
PIK rate	[1],[2]	1%
Investment, Identifier [Axis]: GoReact - Education Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 13.03% Cash/1.00% PIK, 1/17/2025
Investment variable rate	[2],[5]			7.50%
Investment interest rate	[2],[5]			13.03%
Investment maturity date	[2],[5]			Jan. 17, 2025
PIK rate	[2],[5]			1%
Investment, Identifier [Axis]: Granite Comfort, LP - HVAC Services and Sales - Delayed Draw Term Loan (3M USD TERM SOFR+7.41%), 11.88% Cash, 5/16/2027
Investment variable rate	[1],[2],[3],[6]	7.41%
Investment interest rate	[1],[2],[3],[6]	11.88%
Investment maturity date	[1],[2],[3],[6]	May 16, 2027
Investment, Identifier [Axis]: Granite Comfort, LP - HVAC Services and Sales - Delayed Draw Term Loan (3M USD TERM SOFR+7.46%), 12.79% Cash, 5/16/2027
Investment variable rate	[2],[4],[5]			7.46%
Investment interest rate	[2],[4],[5]			12.79%
Investment maturity date	[2],[4],[5]			May 16, 2027
Investment, Identifier [Axis]: Granite Comfort, LP - HVAC Services and Sales - First Lien Term Loan (3M USD TERM SOFR+7.41%), 11.88% Cash, 5/16/2027
Investment variable rate	[1],[2],[3]	7.41%
Investment interest rate	[1],[2],[3]	11.88%
Investment maturity date	[1],[2],[3]	May 16, 2027
Investment, Identifier [Axis]: Granite Comfort, LP - HVAC Services and Sales - First Lien Term Loan (3M USD TERM SOFR+7.46%), 12.79% Cash, 5/16/2027
Investment variable rate	[2],[3],[5]			7.46%
Investment interest rate	[2],[3],[5]			12.79%
Investment maturity date	[2],[3],[5]			May 16, 2027
Investment, Identifier [Axis]: GrowthZone, LLC - Association Management Software - First Lien Term Loan (3M USD TERM SOFR+8.25%), 13.58% Cash, 5/10/2028
Investment variable rate	[2],[5]			8.25%
Investment interest rate	[2],[5]			13.58%
Investment maturity date	[2],[5]			May 10, 2028
Investment, Identifier [Axis]: GrowthZone, LLC - Association Management Software- First Lien Term Loan (3M USD TERM SOFR+8.25%), 12.72% Cash, 5/10/2028
Investment variable rate	[1],[2]	8.25%
Investment interest rate	[1],[2]	12.72%
Investment maturity date	[1],[2]	May 10, 2028
Investment, Identifier [Axis]: HemaTerra Holding Company, LLC - Healthcare Software - Delayed Draw Term Loan (1M USD TERM SOFR+8.25%), 13.57% Cash, 1/31/2027
Investment variable rate	[2],[5]			8.25%
Investment interest rate	[2],[5]			13.57%
Investment maturity date	[2],[5]			Jan. 31, 2027
Investment, Identifier [Axis]: HemaTerra Holding Company, LLC - Healthcare Software - First Lien Term Loan (1M USD TERM SOFR+8.25%), 13.57% Cash, 1/31/2027
Investment variable rate	[2],[3],[5]			8.25%
Investment interest rate	[2],[3],[5]			13.57%
Investment maturity date	[2],[3],[5]			Jan. 31, 2027
Investment, Identifier [Axis]: Inspect Point Holdings, LLC - Fire Inspection Business Software - First Lien Term Loan (1M USD TERM SOFR+6.50%), 11.03% Cash, 07/19/2028
Investment variable rate	[1],[2]	6.50%
Investment interest rate	[1],[2]	11.03%
Investment maturity date	[1],[2]	Jul. 19, 2028
Investment, Identifier [Axis]: Inspect Point Holdings, LLC - Fire Inspection Business Software - First Lien Term Loan (1M USD TERM SOFR+6.50%), 11.82% Cash, 07/19/2028
Investment variable rate	[2],[5]			6.50%
Investment interest rate	[2],[5]			11.82%
Investment maturity date	[2],[5]			Jul. 19, 2028
Investment, Identifier [Axis]: Inspect Point Holdings, LLC - Fire Inspection Business Software - First Lien Term Loan (1M USD TERM SOFR+6.50%), 11.82% Cash, 07/19/2028 2
Investment variable rate	[2],[4],[5]			6.50%
Investment interest rate	[2],[4],[5]			11.82%
Investment maturity date	[2],[4],[5]			Jul. 19, 2028
Investment, Identifier [Axis]: Inspect Point Holdings, LLC - Fire Inspection Business Software -First Lien Term Loan (1M USD TERM SOFR+6.50%), 11.03% Cash, 07/19/2028
Investment variable rate	[1],[2],[6]	6.50%
Investment interest rate	[1],[2],[6]	11.03%
Investment maturity date	[1],[2],[10]	Jul. 19, 2028
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - Delayed Draw Term Loan (3M USD TERM SOFR+8.50%), 13.23% Cash, 5/2/2027
Investment variable rate	[1],[2]	8.50%
Investment interest rate	[1],[2]	13.23%
Investment maturity date	[1],[2]	May 02, 2027
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - Delayed Draw Term Loan (3M USD TERM SOFR+8.50%), 14.10% Cash, 5/2/2027
Investment variable rate	[2],[4],[5]			8.50%
Investment interest rate	[2],[4],[5]			14.10%
Investment maturity date	[2],[4],[5]			May 02, 2027
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - Delayed Draw Term Loan 3M USD TERM SOFR+8.50%), 13.23% Cash, 5/2/2027
Investment variable rate	[1],[2],[6]	8.50%
Investment interest rate	[1],[2],[6]	13.23%
Investment maturity date	[1],[2],[6]	May 02, 2027
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - First Lien Term Loan (3M USD TERM SOFR+8.50%), 13.23% Cash, 5/2/2027
Investment variable rate	[1],[2]	8.50%
Investment interest rate	[1],[2]	13.23%
Investment maturity date	[1],[2]	May 02, 2027
Investment, Identifier [Axis]: JDXpert - Talent Acquisition Software - First Lien Term Loan (3M USD TERM SOFR+8.50%), 14.10% Cash, 5/2/2027
Investment variable rate	[2],[5]			8.50%
Investment interest rate	[2],[5]			14.10%
Investment maturity date	[2],[5]			May 02, 2027
Investment, Identifier [Axis]: JobNimbus LLC - Roofing Contractor Software - First Lien Term Loan (1M USD TERM SOFR+8.75%), 14.17% Cash, 9/20/2026
Investment variable rate	[2],[5]			8.75%
Investment interest rate	[2],[5]			14.17%
Investment maturity date	[2],[5]			Sep. 20, 2026
Investment, Identifier [Axis]: Jobvite, Inc. - Talent Acquisition Software - First Lien Term Loan (3M USD TERM SOFR+7.50%), 11.97% Cash, 8/5/2028
Investment variable rate	[1],[2],[3]	7.50%
Investment interest rate	[1],[2],[3]	11.97%
Investment maturity date	[1],[2],[3]	Aug. 05, 2028
Investment, Identifier [Axis]: Jobvite, Inc. - Talent Acquisition Software - First Lien Term Loan (6M USD TERM SOFR+8.00%), 13.27% Cash, 8/5/2028
Investment variable rate	[2],[3],[5]			8%
Investment interest rate	[2],[3],[5]			13.27%
Investment maturity date	[2],[3],[5]			Aug. 05, 2028
Investment, Identifier [Axis]: Knowland Group, LLC - Hospitality/Hotel - Second Lien Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash/3.00% PIK, 12/31/2024
Investment variable rate	[2],[5],[13]			8%
Investment interest rate	[2],[5],[13]			13.48%
Investment maturity date	[2],[5],[13]			Dec. 31, 2024
PIK rate	[2],[5],[13]			3%
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant - Delayed Draw Term Loan (1M USD TERM SOFR+7.00%), 12.32% Cash, 11/19/2026
Investment variable rate	[2],[5]			7%
Investment interest rate	[2],[5]			12.32%
Investment maturity date	[2],[5]			Nov. 19, 2026
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant - First Lien Term Loan (1M USD TERM SOFR+7.00%), 11.53% Cash, 11/19/2026
Investment variable rate	[1],[2]	7%
Investment interest rate	[1],[2]	11.53%
Investment maturity date	[1],[2]	Nov. 19, 2026
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant - First Lien Term Loan (1M USD TERM SOFR+7.00%), 12.32% Cash, 11/19/2026
Investment variable rate	[2],[5]			7%
Investment interest rate	[2],[5]			12.32%
Investment maturity date	[2],[5]			Nov. 19, 2026
Investment, Identifier [Axis]: LFR Chicken LLC - Restaurant -Delayed Draw Term Loan (1M USD TERM SOFR+7.00%), 11.53% Cash, 11/19/2026
Investment variable rate	[1],[2],[6]	7%
Investment interest rate	[1],[2],[6]	11.53%
Investment maturity date	[1],[2],[6]	Nov. 19, 2026
Investment, Identifier [Axis]: LogicMonitor, Inc. - IT Services - First Lien Term Loan (3M USD TERM SOFR+6.50%), 11.83% Cash, 5/17/2026
Investment variable rate	[2],[3],[5]			6.50%
Investment interest rate	[2],[3],[5]			11.83%
Investment maturity date	[2],[3],[5]			May 17, 2026
Investment, Identifier [Axis]: Madison Logic, Inc. - Marketing Orchestration Software - First Lien Term Loan (1M USD TERM SOFR+7.50%), 12.03% Cash, 12/30/2028
Investment variable rate	[1],[2],[3],[14]	7.50%
Investment interest rate	[1],[2],[3],[14]	12.03%
Investment maturity date	[1],[2],[3],[14]	Dec. 30, 2028
Investment, Identifier [Axis]: Madison Logic, Inc. - Marketing Orchestration Software - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 12/30/2028
Investment variable rate	[2],[3],[5]			7%
Investment interest rate	[2],[3],[5]			12.33%
Investment maturity date	[2],[3],[5]			Dec. 30, 2028
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - Delayed Draw Term Loan (1M USD TERM SOFR+9.43%), 13.96% Cash, 4/18/2028
Investment variable rate	[1],[2],[6]	9.43%
Investment interest rate	[1],[2],[6]	13.96%
Investment maturity date	[1],[2],[6]	Apr. 18, 2028
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - Delayed Draw Term Loan (1M USD TERM SOFR+9.48%), 14.80% Cash, 4/18/2028
Investment variable rate	[2],[5]			9.48%
Investment interest rate	[2],[5]			14.80%
Investment maturity date	[2],[5]			Apr. 18, 2028
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - First Lien Term Loan (1M USD TERM SOFR+9.43%), 13.96% Cash, 4/18/2028
Investment variable rate	[1],[2]	9.43%
Investment interest rate	[1],[2]	13.96%
Investment maturity date	[1],[2]	Apr. 18, 2028
Investment, Identifier [Axis]: Modis Dental Partners OpCo, LLC - Dental Practice Management - First Lien Term Loan (1M USD TERM SOFR+9.48%), 14.80% Cash, 4/18/2028
Investment variable rate	[2],[5]			9.48%
Investment interest rate	[2],[5]			14.80%
Investment maturity date	[2],[5]			Apr. 18, 2028
Investment, Identifier [Axis]: Netreo Holdings, LLC - IT Services - Delayed Draw Term Loan (3M USD TERM SOFR +6.50%), 11.98% Cash/3.50% PIK, 12/31/2025
Investment variable rate	[2],[3],[5],[15]			6.50%
Investment interest rate	[2],[3],[5],[15]			11.98%
Investment maturity date	[2],[3],[5],[15]			Dec. 31, 2025
PIK rate	[2],[3],[5],[15]			3.50%
Investment, Identifier [Axis]: Netreo Holdings, LLC - IT Services - First Lien Term Loan (3M USD TERM SOFR +6.50%), 11.98% Cash/3.50% PIK 12/31/2025
Investment variable rate	[2],[5],[15]			6.50%
Investment interest rate	[2],[5],[15]			11.98%
Investment maturity date	[2],[5],[15]			Dec. 31, 2025
PIK rate	[2],[5],[15]			3.50%
Investment, Identifier [Axis]: New England Dental Partners - Dental Practice Management - Delayed Draw Term Loan (3M USD TERM SOFR+8.00%), 12.62% Cash, 11/25/2025
Investment variable rate	[1],[2]	8%
Investment interest rate	[1],[2]	12.62%
Investment maturity date	[1],[2]	Nov. 25, 2025
Investment, Identifier [Axis]: New England Dental Partners - Dental Practice Management - Delayed Draw Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash, 11/25/2025
Investment variable rate	[2],[5]			8%
Investment interest rate	[2],[5]			13.48%
Investment maturity date	[2],[5]			Nov. 25, 2025
Investment, Identifier [Axis]: New England Dental Partners - Dental Practice Management - First Lien Term Loan (3M USD TERM SOFR+8.00%), 12.62% Cash, 11/25/2025
Investment variable rate	[1],[2]	8%
Investment interest rate	[1],[2]	12.62%
Investment maturity date	[1],[2]	Nov. 25, 2025
Investment, Identifier [Axis]: New England Dental Partners - Dental Practice Management - First Lien Term Loan (3M USD TERM SOFR+8.00%), 13.48% Cash, 11/25/2025
Investment variable rate	[2],[5]			8%
Investment interest rate	[2],[5]			13.48%
Investment maturity date	[2],[5]			Nov. 25, 2025
Investment, Identifier [Axis]: Omatic Software, LLC - Non-profit Services - First Lien Term Loan (3M USD TERM SOFR+8.00%), 12.73% Cash/1.00% PIK, 6/30/2025
Investment variable rate	[1],[2],[3]	8%
Investment interest rate	[1],[2],[3]	12.73%
Investment maturity date	[1],[2],[3]	Jun. 30, 2025
PIK rate	[1],[2],[3]	1%
Investment, Identifier [Axis]: Omatic Software, LLC - Non-profit Services - First Lien Term Loan (3M USD TERM SOFR+8.00%), 13.59% Cash/1.00% PIK, 6/30/2025
Investment variable rate	[2],[5]			8%
Investment interest rate	[2],[5]			13.59%
Investment maturity date	[2],[5]			Jun. 30, 2025
PIK rate	[2],[5]			1%
Investment, Identifier [Axis]: Pepper Palace, Inc - Specialty Food Retailer - Revolving Credit Facility (3M USD TERM SOFR+6.25%), 11.73% Cash, 6/30/2026
Investment variable rate	[2],[4],[5],[13]			6.25%
Investment interest rate	[2],[4],[5],[13]			11.73%
Investment maturity date	[2],[4],[5],[13]			Jun. 30, 2026
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - Delayed Draw Term Loan (3M USD TERM SOFR+6.25%), 11.73% Cash, 6/30/2026
Investment variable rate	[2],[4],[5],[13]			6.25%
Investment interest rate	[2],[4],[5],[13]			11.73%
Investment maturity date	[2],[4],[5],[13]			Jun. 30, 2026
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - Delayed Draw Term Loan 4.42% PIK, 12/31/2028
Investment maturity date	[1],[2],[6],[16],[17]	Dec. 31, 2028
PIK rate	[1],[2],[6],[16],[17]	4.42%
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - First Lien Term Loan (3M USD TERM SOFR+6.25%), 11.73% Cash, 6/30/2026
Investment variable rate	[2],[3],[5],[13]			6.25%
Investment interest rate	[2],[3],[5],[13]			11.73%
Investment maturity date	[2],[3],[5],[13]			Jun. 30, 2026
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - First Lien Term Loan 4.42% PIK, 12/31/2028
Investment maturity date	[1],[2],[16],[17]	Dec. 31, 2028
PIK rate	[1],[2],[16],[17]	4.42%
Investment, Identifier [Axis]: Pepper Palace, Inc. - Specialty Food Retailer - Revolving Credit Facility 4.42% PIK, 12/31/2028
Investment maturity date	[1],[2],[6],[16],[17]	Dec. 31, 2028
PIK rate	[1],[2],[6],[16],[17]	4.42%
Investment, Identifier [Axis]: Procurement Partners, LLC - Healthcare Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.50%), 10.97% Cash, 5/12/2026
Investment variable rate	[1],[2]	6.50%
Investment interest rate	[1],[2]	10.97%
Investment maturity date	[1],[2]	May 12, 2026
Investment, Identifier [Axis]: Procurement Partners, LLC - Healthcare Software - Delayed Draw Term Loan (3M USD TERM SOFR+6.50%), 11.83% Cash, 5/12/2026
Investment variable rate	[2],[4],[5]			6.50%
Investment interest rate	[2],[4],[5]			11.83%
Investment maturity date	[2],[4],[5]			May 12, 2026
Investment, Identifier [Axis]: Procurement Partners, LLC - Healthcare Software - First Lien Term Loan (3M USD TERM SOFR+6.50%), 10.97% Cash, 5/12/2026
Investment variable rate	[1],[2]	6.50%
Investment interest rate	[1],[2]	10.97%
Investment maturity date	[1],[2]	May 12, 2026
Investment, Identifier [Axis]: Procurement Partners, LLC - Healthcare Software - First Lien Term Loan (3M USD TERM SOFR+6.50%), 11.83% Cash, 5/12/2026
Investment variable rate	[2],[5]			6.50%
Investment interest rate	[2],[5]			11.83%
Investment maturity date	[2],[5]			May 12, 2026
Investment, Identifier [Axis]: Ready Education - Education Software - First Lien Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 8/5/2027
Investment variable rate	[1],[2],[3]	7%
Investment interest rate	[1],[2],[3]	11.47%
Investment maturity date	[1],[2],[3]	Aug. 05, 2027
Investment, Identifier [Axis]: Ready Education - Education Software - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 8/5/2027
Investment variable rate	[2],[5]			7%
Investment interest rate	[2],[5]			12.33%
Investment maturity date	[2],[5]			Aug. 05, 2027
Investment, Identifier [Axis]: Saratoga Investment Corp. CLO 2013-1, Ltd. - Structured Finance Securities - Other/Structured Finance Securities 0.00%, 4/20/2033
Investment interest rate	[2],[19]	0%	[1],[16],[18]	0%	[5],[9],[15]
Investment maturity date	[2],[19]	Apr. 20, 2033	[1],[16],[18]	Apr. 20, 2033	[5],[9],[15]
Investment, Identifier [Axis]: Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note - Structured Finance Securities - Other/Structured Finance Securities (3M USD TERM SOFR+10.00%), 14.73%, 4/20/2033
Investment variable rate	[1],[2],[16],[18]	10%
Investment interest rate	[1],[2],[16],[18]	14.73%
Investment maturity date	[1],[2],[16],[18]	Apr. 20, 2033
Investment, Identifier [Axis]: Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note - Structured Finance Securities - Other/Structured Finance Securities (3M USD TERM SOFR+10.00%), 15.60%, 4/20/2033
Investment variable rate	[2],[5],[9],[15]			10%
Investment interest rate	[2],[5],[9],[15]			15.60%
Investment maturity date	[2],[5],[9],[15]			Apr. 20, 2033
Investment, Identifier [Axis]: Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note - Structured Finance Securities - Other/Structured Finance Securities (3M USD TERM SOFR+8.55%), 13.02%, 10/20/2033
Investment variable rate	[1],[2],[16],[18]	8.55%
Investment interest rate	[1],[2],[16],[18]	13.02%
Investment maturity date	[1],[2],[16],[18]	Oct. 20, 2033
Investment, Identifier [Axis]: Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note - Structured Finance Securities - Other/Structured Finance Securities (3M USD TERM SOFR+8.55%), 13.88%, 10/20/2033
Investment variable rate	[2],[5],[9],[15]			8.55%
Investment interest rate	[2],[5],[9],[15]			13.88%
Investment maturity date	[2],[5],[9],[15]			Oct. 20, 2033
Investment, Identifier [Axis]: Saratoga Senior Loan Fund I JV, LLC - Investment Fund - Unsecured Loan 10.00%, 10/20/2033
Investment variable rate	[2],[4],[5],[9],[15]			10%
Investment interest rate	[1],[2],[6],[16],[18]	10%
Investment maturity date	[2]	Oct. 20, 2033	[1],[6],[16],[18]	Oct. 20, 2033	[4],[5],[9],[15]
Investment, Identifier [Axis]: Sceptre Hospitality Resources, LLC - Hospitality/Hotel - Delayed Draw Term Loan (3M USD TERM SOFR+7.25%), 12.58% Cash, 11/15/2027
Investment variable rate	[2],[4],[5]			7.25%
Investment interest rate	[2],[4],[5]			12.58%
Investment maturity date	[2],[4],[5]			Nov. 15, 2027
Investment, Identifier [Axis]: Sceptre Hospitality Resources, LLC - Hospitality/Hotel - First Lien Term Loan (3M USD TERM SOFR+7.25%), 12.58% Cash, 11/15/2027
Investment variable rate	[2],[5]			7.25%
Investment interest rate	[2],[5]			12.58%
Investment maturity date	[2],[5]			Nov. 15, 2027
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 3/31/2028
Investment variable rate	[1],[2],[6]	7%
Investment interest rate	[1],[2],[6]	11.47%
Investment maturity date	[1],[2],[6]	Mar. 31, 2028
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 3/31/2028
Investment variable rate	[2],[4],[5]			7%
Investment interest rate	[2],[4],[5]			12.33%
Investment maturity date	[2],[4],[5]			Mar. 31, 2028
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - First Lien Term Loan (3M USD TERM SOFR+7.00%), 11.47% Cash, 3/31/2028
Investment variable rate	[1],[2],[3]	7%
Investment interest rate	[1],[2],[3]	11.47%
Investment maturity date	[1],[2],[3]	Mar. 31, 2028
Investment, Identifier [Axis]: Stretch Zone Franchising, LLC - Health/Fitness Franchisor - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash, 3/31/2028
Investment variable rate	[2],[5]			7%
Investment interest rate	[2],[5]			12.33%
Investment maturity date	[2],[5]			Mar. 31, 2028
Investment, Identifier [Axis]: Vector Controls Holding Co., LLC - Industrial Products - First Lien Term Loan (3M USD TERM SOFR+6.50%), 11.75% Cash, 3/6/2025
Investment variable rate	[2],[3],[5]			6.50%
Investment interest rate	[2],[3],[5]			11.75%
Investment maturity date	[2],[3],[5]			Mar. 06, 2025
Investment, Identifier [Axis]: Vector Controls Holding Co., LLC - Industrial Products - Warrants to Purchase Limited Liability Company Interests, Expires 11/30/2027
Investment maturity date	[2],[5],[11]			Nov. 30, 2027
Investment, Identifier [Axis]: Vector Controls Holding Co., LLC - Industrial Products - Warrants to Purchase Limited Liability Company Interests, Expires 3/6/2025
Investment maturity date	[1],[2],[12]	Mar. 06, 2025
Investment, Identifier [Axis]: VetnCare MSO, LLC - Veterinary Services - Delayed Draw Term Loan (3M USD TERM SOFR+5.75%), 10.22% Cash, 5/12/2028
Investment variable rate	[1],[2],[6]	5.75%
Investment interest rate	[1],[2],[6]	10.22%
Investment maturity date	[1],[2],[6]	May 12, 2028
Investment, Identifier [Axis]: VetnCare MSO, LLC - Veterinary Services - Delayed Draw Term Loan (3M USD TERM SOFR+5.75%), 11.08% Cash, 5/12/2028
Investment variable rate	[2],[4],[5]			5.75%
Investment interest rate	[2],[4],[5]			11.08%
Investment maturity date	[2],[4],[5]			May 12, 2028
Investment, Identifier [Axis]: Wellspring Worldwide Inc. - Research Software - Delayed DrawTerm Loan (1M USD TERM SOFR+6.00%), 11.32% Cash, 12/22/2028
Investment variable rate	[2],[5]			6%
Investment interest rate	[2],[5]			11.32%
Investment maturity date	[2],[5]			Dec. 22, 2028
Investment, Identifier [Axis]: Wellspring Worldwide Inc. - Research Software - Delayed DrawTerm Loan (3M USD TERM SOFR+8.42%), 12.89% Cash, 12/22/2028
Investment variable rate	[1],[2]	8.42%
Investment interest rate	[1],[2]	12.89%
Investment maturity date	[1],[2]	Dec. 22, 2028
Investment, Identifier [Axis]: Wellspring Worldwide Inc. - Research Software - First Lien Term Loan (3M USD TERM SOFR+8.42%), 12.89% Cash, 12/22/2028
Investment variable rate	[1],[2]	8.42%
Investment interest rate	[1],[2]	12.89%
Investment maturity date	[1],[2]	Dec. 22, 2028
Investment, Identifier [Axis]: Wellspring Worldwide Inc.- Research Software - First Lien Term Loan (1M USD TERM SOFR+6.00%), 11.32% Cash, 12/22/2028
Investment variable rate	[2],[5]			6%
Investment interest rate	[2],[5]			11.32%
Investment maturity date	[2],[5]			Dec. 22, 2028
Investment, Identifier [Axis]: Zollege PBC - Education Services - First Lien Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash/2.00% PIK, 5/11/2026
Investment variable rate	[2],[5],[13]			7%
Investment interest rate	[2],[5],[13]			12.33%
Investment maturity date	[2],[5],[13]			May 11, 2026
PIK rate	[2],[5],[13]			2%
Investment, Identifier [Axis]: Zollege PBC - Education Services - First Lien Term Loan 4.84% PIK, 8/9/2027
Investment maturity date	[1],[2],[16],[17]	Aug. 09, 2027
PIK rate	[1],[2],[16],[17]	4.84%
Investment, Identifier [Axis]: Zollege PBC - Education Services -Delayed Draw Term Loan (3M USD TERM SOFR+7.00%), 12.33% Cash/2.00% PIK, 5/11/2026
Investment variable rate	[2],[4],[5],[13]			7%
Investment interest rate	[2],[4],[5],[13]			12.33%
Investment maturity date	[2],[4],[5],[13]			May 11, 2026
PIK rate	[2],[4],[5],[13]			2%
[1]Percentages are based on net assets of $374,865,655 as of November 30, 2024.[2]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.[3]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).[4]All or a portion of this investment has an unfunded commitment as of February 29, 2024. (See Note 9 to the consolidated financial statements).[5]Percentages are based on net assets of $370,224,108 as of February 29, 2024.[6]All or a portion of this investment has an unfunded commitment as of November 30, 2024. (See Note 9 to the consolidated financial statements).[7]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. Modis Dental Partners OpCo, LLC and Alpha Aesthetics Partners OpCo, LLC are no longer affiliates as of February 29, 2024. Transactions during the year ended February 29, 2024 in which the issuer was an affiliate are as follows:[8]As defined in the 1940 Act, this portfolio company is an “affiliate” as we own between 5.0% and 25.0% of the outstanding voting securities. Transactions during the nine months ended November 30, 2024 in which the issuer was an affiliate are as follows:[9]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 February 29, 2024, non-qualifying assets represent 6.2% of the Company’s portfolio at fair value. As a BDC, the Company generally has to invest at least 70% of its total assets in qualifying assets.[10]Includes securities issued by an affiliate of the company.[11]Non-income producing at February 29, 2024.[12]Non-income producing at November 30, 2024.[13]As of February 29, 2024, the investment was on non-accrual status. The fair value of these investments was approximately $18.9 million, which represented 1.7% of the Company’s portfolio (see Note 2 to the consolidated financial statements).[14] This investment elected to PIK 20% of accrued interest, with 80% of accrued interest payable in cash.

Schedule of Cash and Cash Equiv

Schedule of Cash and Cash Equivalents and Cash and Cash Equivalents - USD ($)		Nov. 30, 2024	Feb. 29, 2024
Cost		$ 250,164,023	$ 40,507,124
Number of Shares (in Shares)		250,164,023	40,507,124
% of Net Assets		66.70%	10.90%
Fair Value		$ 250,164,023	$ 40,507,124
U.S. Bank Money Market [Member]
Cost	[1]	$ 250,164,023	$ 40,507,124
Number of Shares (in Shares)	[1]	250,164,023	40,507,124
% of Net Assets	[1]	66.70%	10.90%
Fair Value	[1]	$ 250,164,023	$ 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 ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Feb. 29, 2024
Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)	$ 1,134,493	$ (1,541,829)
Net Realized Gain (Loss) from Investments
Sales
Purchases	10,000	19,343,789
Management Fee Income
Total Interest from Investments	2,362,427	4,174,042
Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)	(7,048,216)	(21,381,288)
Net Realized Gain (Loss) from Investments	(54,564,070)
Sales	2,469,797
Purchases	1,250,000	2,475,000
Management Fee Income	2,372,177	3,270,232
Total Interest from Investments	4,749,727	9,322,834
Total Dividends from Investments	3,160,742	5,911,564
Axero Holdings, LLC [Member] | Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)	2,363,153	976,251
Net Realized Gain (Loss) from Investments
Sales
Purchases	10,000
Management Fee Income
Total Interest from Investments	835,832	931,008
ETU Holdings, Inc. [Member] | Affiliate [Member]
Net Change in Unrealized Appreciation (Depreciation)	(1,228,660)	(2,518,080)
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	1,526,595	1,915,718
Netreo Holdings, LLC [Member] | Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)	3,802,854	(12,083,067)
Net Realized Gain (Loss) from Investments	(5,445,808)
Sales	2,260,337
Purchases		2,475,000
Management Fee Income
Total Interest from Investments	921,530	4,374,804
Total Dividends from Investments
Pepper Palace, Inc. [Member] | Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)	(1,364,121)
Net Realized Gain (Loss) from Investments	(34,007,427)
Sales
Purchases	1,050,000
Management Fee Income
Total Interest from Investments	1,338
Total Dividends from Investments
Zollege PBC [Member] | Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)	2,184,341
Net Realized Gain (Loss) from Investments	(15,110,835)
Sales	209,460
Purchases	200,000
Management Fee Income
Total Interest from Investments	110,862
Total Dividends from Investments
Saratoga Investment Corp. CLO 2013-1, Ltd. [Member] | Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)	(2,857,525)	(4,733,934)
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income	2,372,177	3,270,232
Total Interest from Investments
Total Dividends from Investments
Saratoga Investment Corp. Senior Loan Fund 2022-1, Ltd. Class E Note [Member] | Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)		895,505
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	1,287,028	1,696,890
Total Dividends from Investments
Saratoga Investment Corp. CLO 2013-1, Ltd. Class F-2-R-3 Note [Member] | Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)	(4,543,039)	43,821
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	1,107,547	1,469,668
Total Dividends from Investments
Saratoga Senior Loan Fund I JV, LLC [Member] | Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)	380,569	(1,800,657)
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments	1,321,422	1,781,472
Total Dividends from Investments
Saratoga Senior Loan Fund I JV, LLC [Member] | Investment, Affiliated Issuer, Controlled [Member]
Net Change in Unrealized Appreciation (Depreciation)	(4,651,295)	(3,702,956)
Net Realized Gain (Loss) from Investments
Sales
Purchases
Management Fee Income
Total Interest from Investments
Total Dividends from Investments	$ 3,160,742	5,911,564
Modis Dental Partners OpCo, LLC [Member] | Affiliate [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
Alpha Aesthetics Partners OpCo, LLC [Member] | Affiliate [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

Organization

Organization	9 Months Ended
	Nov. 30, 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	9 Months Ended
	Nov. 30, 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 November 30, 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: November 30, February 29, Cash and cash equivalents $ 147,614,810 $ 8,692,846 Cash and cash equivalents, reserve accounts 102,549,213 31,814,278 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 250,164,023 $ 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 November 30, 2024, our investment in two controlled portfolio companies were on non-accrual status with a fair value of approximately $2.7 million, or 0.3% 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	9 Months Ended
	Nov. 30, 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 November 30, 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 $ - $ - $ 833,223 $ - $ 833,223 Second lien term loans - - 6,140 - 6,140 Unsecured term loans - - 16,199 - 16,199 Structured finance securities - - 17,852 - 17,852 Equity interests - - 81,927 4,752 86,679 Total $ - $ - $ 955,341 $ 4,752 $ 960,093 * 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 nine months ended November 30, 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 1,912 8,003 - (5,373 ) 4 4,546 Net accretion of discount on investments 2,177 5 - - - 2,182 Net change in unrealized appreciation (depreciation) on investments 41,727 3,185 381 (7,401 ) 500 38,392 Purchases 121,207 - - - 5,069 126,276 Sales and repayments (262,551 ) (23,150 ) - - (10,545 ) (296,246 ) Net realized gain (loss) from investments (47,672 ) - - - (1,527 ) (49,199 ) Balance as of November 30, 2024 $ 833,223 $ 6,140 $ 16,199 $ 17,852 $ 81,927 $ 955,341 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 $ (3,649 ) $ 3,185 $ 381 $ (7,401 ) $ (3,998 ) $ (11,482 ) 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 nine months ended November 30, 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 nine months ended November 30, 2024. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the nine months ended November 30, 2023 (dollars in thousands): First lien term loans Second lien term loans Unsecured term loans Structured finance securities Equity interests Total Balance as of February 28, 2023 $ 798,534 $ 14,936 $ 20,661 $ 41,362 $ 83,990 $ 959,483 Payment-in-kind and other adjustments to cost 1,147 624 - (5,531 ) (293 ) (4,053 ) Net accretion of discount on investments 1,637 4 - - - 1,641 Net change in unrealized appreciation (depreciation) on investments (20,102 ) (691 ) 341 (6,444 ) (7,715 ) (34,611 ) Purchases 194,541 - - - 8,343 202,884 Sales and repayments (15,865 ) - (3,383 ) - - (19,248 ) Net realized gain (loss) from investments - - - - 151 151 Balance as of November 30, 2023 $ 959,892 $ 14,873 $ 17,619 $ 29,387 $ 84,476 $ 1,106,247 Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the period $ (20,033 ) $ (691 ) $ (5 ) $ (6,444 ) $ (7,792 ) $ (34,965 ) Transfers and restructurings, if any, are recognized at the beginning of the period in which they occur. There were no transfers or restructurings in or out of Levels 1, 2 or 3 during the nine months ended November 30, 2023. The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of November 30, 2024 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted Average* First lien term loans $ 833,223 Market Comparables Market Yield (%) 10.1% - 20.5% 12.3% Revenue Multiples (x) 2.5x 2.5x Third-party Bid (x) 8.0x 8.0x Second lien term loans 6,140 Market Comparables Market Yield (%) 19.5% 19.5% Unsecured term loans 16,199 Discounted Cash Flow Discount Rate (%) 10.5% 10.5% Structured finance securities 17,852 Discounted Cash Flow Discount Rate (%) 8.5% - 40.0% 14.9% Recovery Rate (%) 35.0% - 70.0% 61.5% Prepayment Rate (%) 20.0% 20.0% Equity interests 81,927 Enterprise Value Waterfall Revenue Multiples (x) 0.1x - 9.4x 6.7x EBITDA Multiples (x) 1.0x - 21.9x 8.6x Total $ 955,341 * 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 Average* 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 November 30, 2024 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Cost Amortized Cost Investments at Fair Value Fair Value Percentage of Total Portfolio First lien term loans $ 834,750 86.3 % $ 833,223 86.8 % Second lien term loans 6,827 0.7 6,140 0.6 Unsecured term loans 17,619 3.9 16,199 1.7 Structured finance securities 37,396 1.8 17,852 1.9 Equity interests 70,750 7.3 86,679 9.0 Total $ 967,342 100.0 % $ 960,093 100.0 % 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 Cost Amortized Cost Percentage of Total Portfolio Investments at Fair Value Fair Value Percentage of Total Portfolio 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 November 30, 2024. The inputs at November 30, 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 November 30, 2024, excluding Saratoga CLO, SLF JV and SLF 2022 (see Note 4. Investment in Saratoga CLO Investment in SLF JV 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 November 30, 2024 and November 30, 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 nine months ended November 30, 2024 and November 30, 2023, the Company accrued management fee income of $2.4 million and $2.5 million, respectively, and interest income of $0.0 million and $0.0 million, respectively, from the subordinated notes of Saratoga CLO. As of November 30, 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 $1.3 million and $4.3 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 November 30, 2024, Saratoga CLO had investments with a principal balance of $558.8 million and a weighted average spread over TERM SOFR of 3.7% and had debt with a principal balance of $559.2 million with a weighted average spread over TERM SOFR of 2.3%. As a result, Saratoga CLO earns a “spread” between the interest income it receives on its investments and the interest expense it pays on its debt and other operating expenses, which is distributed quarterly to the Company as the holder of its subordinated notes. As of November 30, 2024, the present value of the projected future cash flows of the subordinated notes was approximately $1.3 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 $90.0 million, management fees of $37.5 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 TERM SOFR of 3.8% and had debt with a principal balance of $611.0 million with a weighted average spread over TERM SOFR 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 November 30, 2024 (unaudited) and February 29, 2024 and for the three and nine months ended November 30, 2024 (unaudited) and November 30, 2023 (unaudited). November 30, February 29, (unaudited) ASSETS Investments at fair value Loans at fair value (amortized cost of $548,610,503 and $629,345,724, respectively) $ 523,822,494 $ 606,531,189 Equities at fair value (amortized cost of $2,911,603 and $1,649,986, respectively) 1,909,443 1,020,585 Total investments at fair value (amortized cost of $551,522,106 and $630,995,710, respectively) 525,731,937 607,551,774 Cash and cash equivalents 26,917,052 12,104,832 Receivable from open trades 1,684,753 2,865,174 Interest receivable (net of reserve of $605,564 and $615,604, respectively) 3,038,940 3,402,471 Due from affiliate 57,001 3,953 Prepaid expenses and other assets 119,457 205,400 Total assets $ 557,549,140 $ 626,133,604 LIABILITIES Interest payable $ 4,351,257 $ 5,043,712 Payable from open trades 1,685,480 10,519,573 Accrued base management fee 65,474 68,605 Accrued subordinated management fee 261,895 274,418 Accounts payable and accrued expenses 141,542 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 305,727,301 - 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 (201,967 ) (220,100 ) Class E-R-3 Deferrable Mezzanine Floating Rate Notes 27,625,000 27,625,000 Discount on Class E-R-3 Notes (2,098,217 ) (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 (1,266,542 ) (1,707,224 ) Subordinated Notes 111,000,000 111,000,000 Discount on Subordinated Notes (33,185,548 ) (36,164,988 ) Total liabilities 639,980,675 697,611,597 Commitments and contingencies 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) (82,431,785 ) (71,478,243 ) Total net deficit (82,431,535 ) (71,477,993 ) Total liabilities and net assets $ 557,549,140 $ 626,133,604 For the three months ended For the nine months ended November 30, November 30, November 30, November 30, INVESTMENT INCOME Total interest from investments $ 13,342,306 $ 15,599,943 $ 43,995,503 $ 46,240,246 Interest from cash and cash equivalents 289,869 139,759 853,765 480,995 Other income 124,901 286,607 1,225,297 756,831 Total investment income 13,757,076 16,026,309 46,074,565 47,478,072 EXPENSES Interest and debt financing expenses 13,408,313 14,644,320 42,605,821 43,349,057 Base management fee 775,398 163,985 1,094,754 490,793 Subordinated management fee - 655,943 1,277,423 1,963,174 Professional fees 79,709 87,540 222,005 260,431 Trustee expenses 64,157 64,554 187,635 193,588 Other expense 66,339 50,330 242,902 190,215 Total expenses 14,393,916 15,666,672 45,630,540 46,447,258 NET INVESTMENT INCOME (LOSS) (636,840 ) 359,637 444,025 1,030,814 REALIZED AND UNREALIZED LOSS ON INVESTMENTS Net realized loss from investments (1,278,236 ) (6,298,909 ) (8,472,121 ) (9,048,743 ) Net change in unrealized depreciation on investments (1,626,867 ) (313,230 ) (2,346,233 ) 2,702,275 Net realized and unrealized gain (loss) on investments (2,905,103 ) (6,612,139 ) (10,818,354 ) (6,346,468 ) Realized losses on extinguishment of debt - - (579,213 ) - NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (3,541,943 ) $ (6,252,502 ) $ (10,953,542 ) $ (5,315,654 ) Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Altisource Solutions S.a r.l. Banking, Finance, Insurance & Real Estate Common Stock Equity 15,981 $ - $ 14,223 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Common Stock Equity 23,799 660,422 583,076 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Warrants Equity 349 9,685 8,551 Envision Parent Inc Healthcare & Pharmaceuticals Common Stock Equity 4,410 175,000 50,715 Envision Parent Inc Healthcare & Pharmaceuticals Warrants Equity 92,837 - 4,642 Instant Brands Litigation Trust Consumer goods: Durable Equity Interest Equity 50,038 34,198 150,000 Isagenix International, LLC Beverage, Food & Tobacco Common Stock Equity 86,398 - - Research Now Group, Inc Media: Advertising, Printing & Publishing Common Stock Equity 39,808 557,312 676,736 Resolute Investment Managers (American Beacon), Inc. Banking, Finance, Insurance & Real Estate Common Stock Equity 24,320 1,034,581 66,880 URS TOPCO, LLC Transportation: Cargo Common Stock Equity 25,330 440,405 354,620 1011778 B.C Unltd Liability Co Beverage, Food & Tobacco Term Loan B6 Loan 1M USD SOFR+ 1.75 % 0.00 % 6.32 % 9/20/2030 $ 1,440,272 1,422,144 1,437,391 19TH HOLDINGS GOLF, LLC Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 7.99 % 2/7/2029 2,454,811 2,376,785 2,396,510 888 Acquisitions Limited Hotel, Gaming & Leisure Term Loan B Loan 6M USD SOFR+ 5.25 % 0.00 % 9.50 % 7/8/2028 3,052,566 2,796,616 2,930,463 Adtalem Global Education Inc. Services: Business Term Loan B (08/24) Loan 1M USD SOFR+ 2.75 % 0.75 % 7.32 % 8/12/2028 582,329 579,025 585,240 Aegis Sciences Corporation Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 1.00 % 10.28 % 5/9/2025 2,277,447 2,275,329 1,408,214 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Agiliti Health Inc. Healthcare & Pharmaceuticals Term Loan B (03/23) Loan 6M USD SOFR+ 3.00 % 0.00 % 7.26 % 5/1/2030 2,159,600 2,145,396 2,123,167 AHEAD DB Holdings, LLC Services: Business Term Loan B3 (07/24) Loan 3M USD SOFR+ 3.50 % 0.75 % 8.10 % 2/1/2031 2,902,931 2,843,841 2,923,629 Air Canada Transportation: Consumer Term Loan B (03/24) Loan 3M USD SOFR+ 2.00 % 0.00 % 6.75 % 3/21/2031 995,000 992,585 996,423 AIT Worldwide Logistics Holdings, Inc. Transportation: Cargo Term Loan B (10/24) Loan 1M USD SOFR+ 4.75 % 0.75 % 9.48 % 4/5/2030 2,455,696 2,336,935 2,475,145 AlixPartners, LLP Banking, Finance, Insurance & Real Estate Term Loan B (01/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.19 % 2/4/2028 241,249 241,115 242,557 Alkermes, Inc. Healthcare & Pharmaceuticals Term Loan B (3/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.19 % 3/12/2026 2,088,347 2,082,135 2,090,957 Allen Media, LLC Media: Diversified & Production Term Loan (7/21) Loan 3M USD SOFR+ 5.50 % 0.00 % 10.25 % 2/10/2027 4,315,175 4,299,517 2,807,021 Alliant Holdings Intermediate, LLC Banking, Finance, Insurance & Real Estate Term Loan B6 (09/24) Loan 1M USD SOFR+ 2.75 % 0.00 % 7.35 % 9/19/2031 799,019 799,019 803,517 Allied Universal Holdco LLC Services: Business Term Loan 4/21 Loan 1M USD SOFR+ 3.75 % 0.50 % 8.42 % 5/12/2028 1,940,000 1,934,896 1,952,125 Alterra Mountain Company (Intrawest Resort Holdings) Hotel, Gaming & Leisure First Lien Term Loan Loan 1M USD SOFR+ 3.00 % 0.00 % 7.57 % 5/31/2030 249,375 249,375 251,245 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 % 9.70 % 4/30/2025 1,143,064 1,143,280 514,379 Altium Packaging LLC Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 2.50 % 0.00 % 7.07 % 6/11/2031 483,788 482,610 482,781 Amer Sports Oyj (MASCOT BIDCO OY) Consumer goods: Durable USD Term Loan B (01/24) Loan 3M USD SOFR+ 2.75 % 0.00 % 7.24 % 2/17/2031 349,125 347,589 352,180 American Axle & Manufacturing Inc. Automotive Term Loan (12/22) Loan 1M USD SOFR+ 3.00 % 0.50 % 7.62 % 12/13/2029 480,000 468,818 481,800 American Greetings Corporation Media: Advertising, Printing & Publishing Term Loan B (04/24) Loan 1M USD SOFR+ 5.75 % 0.00 % 10.32 % 10/30/2029 2,945,449 2,944,082 2,963,121 American Trailer World Corp Automotive Term Loan Loan 1M USD SOFR+ 3.75 % 0.75 % 8.42 % 3/3/2028 1,357,439 1,356,452 1,162,307 AmWINS Group, LLC Banking, Finance, Insurance & Real Estate Term Loan 2/21 Loan 1M USD SOFR+ 2.25 % 0.75 % 6.94 % 2/17/2028 1,925,038 1,911,926 1,932,257 Anastasia Parent LLC Consumer goods: Non-durable Term Loan Loan 3M USD SOFR+ 3.75 % 0.00 % 8.62 % 8/11/2025 940,000 939,214 605,125 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Number of Shares Cost Fair Anchor Packaging, LLC Containers, Packaging & Glass Term Loan (4/24) Loan 1M USD SOFR+ 3.75 % 0.00 % 8.44 % 7/18/2029 1,949,282 1,932,103 1,959,730 AP Core Holdings II LLC High Tech Industries Term Loan B1 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.19 % 9/1/2027 1,699,981 1,686,320 1,655,782 AP Core Holdings II LLC High Tech Industries Term Loan B2 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.19 % 9/1/2027 500,000 495,988 485,730 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 491,269 468,492 495,774 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 7.44 % 5/15/2026 2,885,787 2,873,078 2,878,572 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B1 (2/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 3/6/2028 965,000 959,761 955,350 AppLovin Corporation High Tech Industries Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.19 % 8/19/2030 964,769 964,769 964,943 AppLovin Corporation High Tech Industries Term Loan B (3/24) Loan Prime 1.50 % 0.50 % 9.25 % 10/25/2028 1,466,381 1,464,622 1,465,853 AqGen Ascensus, Inc. Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 8/2/2028 496,075 492,900 499,176 Aramark Services, Inc. Services: Consumer Term Loan Loan 1M USD SOFR+ 1.75 % 0.00 % 6.44 % 1/15/2027 2,331,250 2,302,315 2,331,973 Aramark Services, Inc. Services: Consumer Term Loan B7 (03/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 4/6/2028 1,753,715 1,749,408 1,758,380 ARC FALCON I INC. Chemicals, Plastics, & Rubber Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.17 % 9/23/2028 973,774 971,828 980,902 ARCIS GOLF LLC Services: Consumer Term Loan B Loan 1M USD SOFR+ 3.75 % 0.50 % 8.44 % 11/24/2028 494,245 490,303 497,952 Aretec Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan B 2 Loan 1M USD SOFR+ 4.00 % 0.00 % 8.57 % 8/9/2030 2,622,898 2,609,234 2,637,979 Aspire Bakeries Holdings, LLC Beverage, Food & Tobacco Term loan Loan 1M USD SOFR+ 4.25 % 0.00 % 8.82 % 12/23/2030 895,500 887,468 899,978 Assuredpartners Inc. Banking, Finance, Insurance & Real Estate Term Loan B5 (02/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.07 % 2/14/2031 1,293,500 1,291,978 1,301,662 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B10 Loan 1M USD SOFR+ 4.00 % 0.00 % 8.67 % 8/19/2028 1,960,000 1,891,862 1,962,038 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Number of Shares Cost Fair Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B12 Loan 1M USD SOFR+ 4.25 % 0.00 % 8.82 % 9/19/2030 2,919,478 2,915,698 2,915,215 ATHENAHEALTH GROUP INC. Healthcare & Pharmaceuticals Term Loan B (2/22) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.82 % 2/15/2029 1,307,142 1,303,688 1,310,410 Avolon TLB Borrower 1 (US) LLC Capital Equipment Term Loan B6 Loan 1M USD SOFR+ 1.75 % 0.00 % 6.36 % 6/22/2030 1,472,622 1,427,186 1,472,210 Axalta Coating Systems US Holdings Chemicals, Plastics, & Rubber Term Loan B (11/24) Loan 1M USD SOFR+ 1.75 % 0.50 % 6.27 % 12/20/2029 851,048 844,586 853,712 AZURITY PHARMACEUTICALS, INC. Healthcare & Pharmaceuticals Term Loan B Loan 3M USD SOFR+ 6.62 % 0.75 % 11.49 % 9/20/2027 431,250 424,125 419,391 B&G Foods, Inc. Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 3.50 % 0.00 % 8.07 % 10/10/2029 533,621 531,858 533,621 BAKELITE UK INTERMEDIATE LTD. Chemicals, Plastics, & Rubber Term Loan (5/24) Loan 3M USD SOFR+ 3.50 % 0.50 % 8.10 % 5/29/2029 1,477,528 1,471,911 1,487,220 Baldwin Insurance Group Holdings, LLC Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 5/26/2031 1,644,400 1,634,073 1,656,733 Belfor Holdings Inc. Services: Consumer Term Loan B-1 (11/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 8.32 % 11/1/2030 1,494,834 1,481,878 1,505,118 Bengal Debt Merger Sub LLC Beverage, Food & Tobacco Term Loan Loan 3M USD SOFR+ 3.25 % 0.50 % 7.95 % 1/24/2029 1,955,000 1,954,381 1,354,893 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 6.94 % 4/23/2026 962,019 959,704 960,816 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan (6/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 7.44 % 4/23/2026 1,439,044 1,435,048 1,435,447 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 2.75 % 0.00 % 7.44 % 1/22/2031 1,429,361 1,425,833 1,431,648 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan B3 Loan 1M USD SOFR+ 2.75 % 0.50 % 7.44 % 12/13/2029 490,047 480,448 491,654 Boost Newco Borrower, LLC (Worldpay) Banking, Finance, Insurance & Real Estate Term Loan (06/24) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.10 % 1/31/2031 500,000 497,765 504,105 Boxer Parent Company, Inc. High Tech Industries Term Loan B (06/24) Loan 3M USD SOFR+ 3.75 % 0.00 % 8.34 % 7/30/2031 1,007,194 1,002,871 1,013,599 BrightSpring Health Services (Phoenix Guarantor) Healthcare & Pharmaceuticals Term Loan (02/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 2/21/2031 967,638 967,638 974,895 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Number of Shares Cost Fair BroadStreet Partners, Inc. Banking, Finance, Insurance & Real Estate Term Loan B-4 Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 6/14/2031 2,903,607 2,901,538 2,918,444 Brookfield WEC Holdings Inc. Energy: Electricity Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 6.92 % 1/27/2031 1,444,069 1,444,069 1,449,008 BROWN GROUP HOLDING, LLC Aerospace & Defense Term Loan B-2 Loan 1M USD SOFR+ 2.75 % 0.00 % 7.32 % 7/1/2031 492,516 482,581 494,771 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B4 (05/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 11/22/2030 665,004 662,876 666,321 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B5 (09/24) Loan 1M USD SOFR+ 1.75 % 0.00 % 6.32 % 11/2/2026 567,280 565,840 567,672 BW Gas & Convenience Holdings LLC Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 3/31/2028 2,418,750 2,405,594 2,431,860 Callaway Golf Company Retail Term Loan B Loan 1M USD SOFR+ 3.00 % 0.00 % 7.57 % 3/16/2030 472,500 468,551 469,939 Calpine Corporation Utilities: Electric Term Loan B10 (01/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 1/31/2031 1,990,000 1,980,789 1,994,259 Camping World, Inc. Retail Term Loan B (5/21) Loan 1M USD SOFR+ 2.50 % 0.75 % 7.19 % 6/5/2028 2,443,038 2,286,576 2,391,392 CAPSTONE BORROWER INC Services: Business Term Loan B (05/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 7.85 % 6/17/2030 874,867 863,792 878,148 CareerBuilder, LLC (c) Services: Business Term Loan B3 Loan 1M USD SOFR+ 2.50 % 0.00 % 7.19 % 7/31/2026 4,046,036 4,032,687 404,604 Castle US Holding Corporation Media: Advertising, Printing & Publishing Term Loan B (USD) Loan 1M USD SOFR+ 3.75 % 0.00 % 8.44 % 1/27/2027 1,934,080 1,929,004 1,075,832 CASTLELAKE AVIATION LLC Aerospace & Defense Term Loan B Loan 3M USD SOFR+ 2.75 % 0.50 % 7.70 % 10/21/2027 982,500 977,381 985,772 CBL & Associates Limited Partnership Retail Term Loan 11/21 Loan 1M USD SOFR+ 2.75 % 1.00 % 7.54 % 11/1/2025 2,246,084 2,087,998 2,097,281 CCC Intelligent Solutions Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 2.25 % 0.50 % 6.94 % 9/16/2028 243,125 242,851 244,280 CCI Buyer, Inc Telecommunications Term Loan Loan 3M USD SOFR+ 4.00 % 0.75 % 8.60 % 12/17/2027 241,250 240,026 242,888 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 4.25 % 0.50 % 8.92 % 3/5/2028 982,500 948,322 610,378 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 3M USD SOFR+ 4.25 % 0.75 % 9.03 % 3/5/2028 965,000 962,597 594,160 CCS-CMGC Holdings, Inc. Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 0.00 % 10.82 % 9/25/2025 2,356,250 2,352,816 693,916 CDK GLOBAL, INC. High Tech Industries Term Loan B (05/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 7.85 % 7/6/2029 992,500 970,171 993,076 CENTURI GROUP, INC. Construction & Building Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.19 % 8/27/2028 616,921 613,354 617,723 Charlotte Buyer, Inc. Services: Business Term Loan B (07/24) Loan 1M USD SOFR+ 4.75 % 0.50 % 9.37 % 2/11/2028 1,477,500 1,409,649 1,488,168 Chemours Company, (The) Chemicals, Plastics, & Rubber Term Loan B2 Loan 1M USD SOFR+ 3.50 % 0.50 % 8.07 % 8/18/2028 2,375,719 2,343,004 2,386,600 Churchill Downs Incorporated Hotel, Gaming & Leisure Term Loan B1 (3/21) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.67 % 3/17/2028 482,500 481,987 483,706 CIMPRESS PUBLIC LIMITED COMPANY Media: Advertising, Printing & Publishing Term Loan B1 (05/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 7.57 % 5/17/2028 1,945,049 1,883,424 1,958,023 CITADEL SECURITIES LP Banking, Finance, Insurance & Real Estate Term Loan (10/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 10/31/2031 4,826,890 4,826,890 4,845,280 Citco Funding LLC Banking, Finance, Insurance & Real Estate Term Loan B (06/24) Loan 6M USD SOFR+ 2.75 % 0.50 % 7.31 % 4/27/2028 990,025 986,322 997,450 Clarios Global LP Automotive Term Loan B (07/24) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.07 % 5/6/2030 1,197,000 1,192,203 1,203,739 Claros Mortgage Trust, Inc Banking, Finance, Insurance & Real Estate Term Loan B-1 (11/21) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.17 % 8/9/2026 3,377,586 3,367,642 3,276,258 CLYDESDALE ACQUISITION HOLDINGS, INC. Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 3.18 % 0.50 % 7.75 % 4/13/2029 1,220,000 1,198,551 1,226,686 Columbus McKinnon Corporation Capital Equipment Term Loan (03/24) Loan 3M USD SOFR+ 2.50 % 0.50 % 7.10 % 5/14/2028 366,056 365,561 367,429 Connect Finco SARL Telecommunications Term Loan B (03/24) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.07 % 9/27/2029 2,873,063 2,804,916 2,480,401 Consolidated Communications, Inc. Telecommunications Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.19 % 10/2/2027 2,714,005 2,581,960 2,688,900 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair CORAL-US CO-BORROWER LLC Telecommunications Term Loan B-5 Loan 3M USD SOFR+ 2.25 % 0.00 % 7.00 % 1/31/2028 4,000,000 3,992,430 3,985,840 Corelogic, Inc. Services: Business Term Loan (4/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 6/2/2028 2,425,000 2,418,601 2,409,456 Cortes NP Acquisition Corp (Vertiv) Capital Equipment Term Loan B (05/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.66 % 3/2/2027 1,925,599 1,925,599 1,935,496 Creative Artists Agency, LLC Media: Diversified & Production Term Loan B (09/24) Loan 1M USD SOFR+ 2.75 % 0.00 % 7.32 % 9/12/2031 1,576,094 1,567,369 1,584,857 CROCS INC Consumer goods: Durable Term Loan B (01/24) Loan 1M USD SOFR+ 2.25 % 0.50 % 6.82 % 2/19/2029 862,500 838,623 866,571 Cross Financial Corp Banking, Finance, Insurance & Real Estate Term Loan B2 (10/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 10/24/2031 485,063 483,806 488,700 Crown Subsea Communications Holding, Inc. Construction & Building Term Loan B Loan 1M USD SOFR+ 4.00 % 0.75 % 8.57 % 1/30/2031 2,394,000 2,372,592 2,422,441 CTC Holdings, LP Banking, Finance, Insurance & Real Estate Term Loan (2/22) Loan 3M USD SOFR+ 5.00 % 0.50 % 9.66 % 2/15/2029 2,193,750 2,155,366 2,188,266 CTS Midco, LLC High Tech Industries Term Loan B Loan 3M USD SOFR+ 6.00 % 1.00 % 10.85 % 11/2/2027 1,923,807 1,896,277 1,914,188 Dave & Buster’s Inc. Hotel, Gaming & Leisure Term Loan B (1/24) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.94 % 6/29/2029 762,038 734,081 763,806 DCert Buyer, Inc. High Tech Industries Term Loan Loan 1M USD SOFR+ 4.00 % 0.00 % 8.57 % 10/16/2026 1,443,325 1,443,325 1,411,933 Delek US Holdings, Inc. Utilities: Oil & Gas Term Loan B (11/22) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.17 % 11/16/2029 5,305,500 5,215,591 5,306,985 Derby Buyer LLC Chemicals, Plastics, & Rubber Term Loan (5/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.16 % 11/1/2030 621,875 613,650 623,622 DexKo Global, Inc. (Dragon Merger) Automotive Term Loan (9/21) Loan 3M USD SOFR+ 3.75 % 0.50 % 8.62 % 10/4/2028 975,000 972,491 915,018 Diamond Sports Group, LLC Media: Broadcasting & Subscription 1st Priority Term Loan Loan 1M USD SOFR+ 10.00 % 1.00 % 14.77 % 5/25/2026 35,166 34,709 30,038 DIRECTV FINANCING, LLC Media: Broadcasting & Subscription Term Loan (1/24) Loan 3M USD SOFR+ 5.25 % 0.75 % 10.10 % 8/2/2029 2,974,675 2,957,251 2,929,728 DISCOVERY PURCHASER CORPORATION Chemicals, Plastics, & Rubber Term Loan Loan 3M USD SOFR+ 4.38 % 0.50 % 8.95 % 10/4/2029 1,473,918 1,383,648 1,481,081 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Dispatch Acquisition Holdings, LLC Environmental Industries Term Loan B (3/21) Loan 3M USD SOFR+ 4.25 % 0.75 % 9.00 % 3/25/2028 483,750 481,157 460,873 DOMTAR CORPORATION Forest Products & Paper Term Loan 9/21 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.19 % 11/30/2028 3,114,554 3,067,307 3,000,344 DOTDASH MEREDITH, INC. Media: Advertising, Printing & Publishing Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.17 % 12/1/2028 1,911,111 1,770,962 1,923,056 DRI HOLDING INC. Media: Advertising, Printing & Publishing Term Loan (12/21) Loan 1M USD SOFR+ 5.25 % 0.50 % 10.04 % 12/15/2028 3,902,444 3,794,546 3,767,809 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 6,278,762 6,312,881 DTZ U.S. Borrower, LLC Construction & Building 2024-3 Term Loan (09/24) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.82 % 1/31/2030 1,097,250 1,074,013 1,097,250 DTZ U.S. Borrower, LLC Construction & Building Term Loan B1 (06/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 7.57 % 1/31/2030 2,014,107 2,012,682 2,026,695 Dye & Durham Corporation Services: Business Term Loan B (04/24) Loan 3M USD SOFR+ 4.25 % 1.00 % 8.95 % 4/11/2031 1,435,714 1,415,334 1,439,907 EAB Global, Inc. Services: Business Term Loan (08/21) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.82 % 8/16/2028 972,613 970,107 975,530 Echo Global Logistics, Inc. Services: Business Term Loan Loan 1M USD SOFR+ 3.75 % 0.50 % 8.42 % 11/23/2028 1,950,000 1,947,987 1,923,188 Edelman Financial Group Inc., The Banking, Finance, Insurance & Real Estate Term Loan B (05/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 4/7/2028 2,155,371 2,151,733 2,167,700 ELECTRON BIDCO INC. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 3.00 % 0.50 % 7.69 % 11/1/2028 487,500 486,305 490,396 ELO Touch Solutions, Inc. Media: Diversified & Production Term Loan (12/18) Loan 1M USD SOFR+ 6.50 % 0.00 % 11.19 % 12/14/2025 2,137,656 2,120,001 2,130,089 Embecta Corp Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 3.00 % 0.50 % 7.57 % 3/30/2029 2,993,180 2,946,385 2,962,919 Emrld Borrower LP Capital Equipment Term Loan B (04/23) Loan 6M USD SOFR+ 2.50 % 0.00 % 6.93 % 5/31/2030 992,500 988,384 994,048 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 4.00 % 0.50 % 8.57 % 4/23/2031 2,000,000 1,981,375 2,002,500 Endure Digital, Inc. High Tech Industries Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.27 % 2/10/2028 2,418,750 2,413,091 1,615,386 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair 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 1,480,034 1,466,934 1,486,517 EOS U.S. FINCO LLC Transportation: Cargo Term Loan Loan 6M USD SOFR+ 6.00 % 0.50 % 11.26 % 10/6/2029 956,250 896,755 674,453 Equiniti Group PLC Services: Business Term Loan B Loan 6M USD SOFR+ 4.50 % 0.50 % 10.01 % 12/11/2028 972,500 966,227 983,441 Evertec Group LLC Banking, Finance, Insurance & Real Estate Term Loan B (09/23) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.84 % 10/30/2030 1,125,000 1,110,023 1,130,625 Fiesta Purchaser, Inc. Beverage, Food & Tobacco First Lien TLB Loan 1M USD SOFR+ 4.00 % 0.00 % 8.57 % 2/12/2031 498,750 494,258 501,618 Finco I LLC Banking, Finance, Insurance & Real Estate Term Loan B (9/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 6.82 % 6/27/2029 2,795,563 2,793,146 2,808,842 First Brands Group, LLC Automotive 1st Lien Term Loan (3/21) Loan 3M USD SOFR+ 5.00 % 1.00 % 9.85 % 3/30/2027 4,825,000 4,789,935 4,656,125 First Eagle Investment Management Banking, Finance, Insurance & Real Estate Term Loan B (02/24) Loan 3M USD SOFR+ 3.00 % 0.00 % 7.60 % 3/5/2029 5,066,194 5,058,251 5,081,139 First Student Bidco Inc. Transpo
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 November 30, 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 November 30, 2024 and February 29, 2024, the Company’s investment in the unsecured note of SLF JV had a fair value of $16.2 million and $15.8 million, respectively, and the Company’s investment in the membership interests of SLF JV had a fair value of $4.8 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 November 30, 2024 and November 30, 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 nine months ended November 30, 2024 and November 30, 2023, the Company earned $1.3 million and $1.3 million, respectively, of interest income related to SLF JV, which is included in interest income on control investments. As of November 30, 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 November 30, 2024 and November 30, 2023, the Company earned $0.9 million and $1.3 million, respectively, of dividend income related to SLF JV, which is included in dividend income on control investments. For the nine months ended November 30, 2024 and November 30, 2023, the Company earned $3.2 million and $4.7 million, respectively, of dividend income related to SLF JV, which is included in dividend income on control investments. As of November 30, 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 November 30, 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	9 Months Ended
	Nov. 30, 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 November 30, 2024 and February 29, 2024 were as follows: November 30, February 29, Total deferred tax assets $ 1,606,915 $ 2,650,580 Total deferred tax liabilities (4,649,058 ) (3,901,995 ) Valuation allowance on net deferred tax assets (1,539,238 ) (2,539,735 ) Net deferred tax liability $ (4,581,381 ) $ (3,791,150 ) As of November 30, 2024, the valuation allowance on deferred tax assets was $1.5 million, which represents the federal and state tax effect of net operating losses and unrealized losses that the Company does not believe will be realized through future taxable income. Any adjustments to the Company’s valuation allowance will depend on estimates of future taxable income and will be made in the period such determination is made. Net income tax expense for the three months ended November 30, 2024 includes $0.1 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 $0.03 million net change in total operating expense in the consolidated statement of operations, respectively. Net income tax expense for the three months ended November 30, 2023 includes $0.4 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 nine months ended November 30, 2024 includes $0.7 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 $0.1 million net change in total operating expense in the consolidated statement of operations, respectively. Net income tax expense for the nine months ended November 30, 2023 includes $0.6 million deferred tax expense (benefit) on net change in unrealized appreciation (depreciation) on investments, $0.0 million income tax provision/benefit from realized gain/(loss) on investments and ($0.0) 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 months ended November 30, 2024 and November 30, 2023: For the three months ended For the nine months ended November 30, November 30, November 30, November 30, Current Federal $ - $ - $ - $ - State - - - Net current expense - - - - Deferred Federal 86,609 699,986 677,189 661,245 State 76,892 (64,192 ) 113,042 (55,512 ) Net deferred expense 163,501 635,794 790,231 605,733 Net tax provision $ 163,501 $ 635,794 $ 790,231 $ 605,733

Agreements and Related Party Tr

Agreements and Related Party Transactions	9 Months Ended
	Nov. 30, 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 November 30, 2024 and November 30, 2023, the Company incurred $4.4 million and $4.9 million in base management fees, respectively. For the three months ended November 30, 2024 and November 30, 2023, the Company incurred $3.1 million and $3.3 million in incentive fees related to pre-incentive fee net investment income, respectively. For the three months ended November 30, 2024 and November 30, 2023, the Company accrued an expense (benefit) of $0.0 million and ($1.0) million in incentive fees related to capital gains. For the nine months ended November 30, 2024 and November 30, 2023, the Company incurred $14.2 million and $14.3 million in base management fees, respectively. For the nine months ended November 30, 2024 and November 30, 2023, the Company incurred $11.2 million and $9.8 million in incentive fees related to pre-incentive fee net investment income, respectively. For the nine months ended November 30, 2024 and November 30, 2023, the Company accrued an expense (benefit) of $0.0 million and ($5.0) million in incentive fees related to capital gains. The accrual is calculated using both realized and unrealized capital gains for the period. The actual incentive fee related to capital gains will be determined and payable in arrears at the end of the fiscal year and will include only realized capital gains for the period. As of November 30, 2024, the base management fees accrual was $4.4 million and the incentive fees accrual was $3.1 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 November 30, 2024 and November 30, 2023, the Company recognized $1.3 million and $1.1 million in administrator expenses, respectively, pertaining to bookkeeping, recordkeeping and other administrative services provided to the Company in addition to the Company’s allocable portion of rent and other overhead related expenses. For the nine months ended November 30, 2024 and November 30, 2023, the Company recognized $3.5 million and $2.8 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 November 30, 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 November 30, 2024 and November 30, 2023, the Company recognized management fee income of $0.8 million and $0.8 million, respectively, related to the Saratoga CLO. For the nine months ended November 30, 2024 and November 30, 2023, the Company recognized management fee income of $2.4 million and $2.5 million, respectively, related to the Saratoga CLO. For the nine months ended November 30, 2024 and November 30, 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 November 30, 2024, the Company’s investment in the SLF JV had a fair value of $21.0 million, consisting of an unsecured loan of $16.2 million and membership interest of $4.8 million. As of November 30, 2023, the Company’s investment in the SLF JV had a fair value of $25.4 million, consisting of an unsecured loan of $17.6 million and membership interest of $7.8 million. For the three months ended November 30, 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 November 30, 2024. For the three months ended November 30, 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 November 30, 2023. For the three months ended November 30, 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 November 30, 2024. For the three months ended November 30, 2023, the Company had $1.3 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 November 30, 2023. For the nine months ended November 30, 2024, the Company had $1.3 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 November 30, 2024. For the nine months ended November 30, 2023, the Company had $1.3 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 November 30, 2023. For the nine months ended November 30, 2024, the Company had $3.2 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 November 30, 2024. For the nine months ended November 30, 2023, the Company had $4.7 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 November 30, 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	9 Months Ended
	Nov. 30, 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 160.1% as of November 30, 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 November 30, 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 November 30, 2024 and November 30, 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 November 30, 2024 and November 30, 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 November 30, 2024 and November 30, 2023, the weighted average interest rate on the outstanding borrowings under the Encina Credit Facility was 9.40% and 9.79%, 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 nine months ended November 30, 2024 and November 30, 2023, we recorded $2.6 million and $3.0 million of interest expense related to the Encina Credit Facility, respectively, which includes commitment and administrative agent fees. For the nine months ended November 30, 2024 and November 30, 2023, we recorded $0.3 million and $0.3 million of deferred financing costs related to the Encina Credit Facility, respectively. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the nine months ended November 30, 2024 and November 30, 2023, the weighted average interest rate on the outstanding borrowings under the Encina Credit Facility was 9.73% and 9.62%, respectively, and the average dollar amount of outstanding borrowings under the Encina Credit Facility was $33.3 million and $38.9 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 $85.1 million subject to the Encina Credit Facility cap of $65.0 million at November 30, 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 November 30, 2024 borrowing base relies upon the valuations set forth in the Quarterly Report on Form 10-Q for the period ended August 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 things: ● 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 are subject to a borrowing base calculation, and the Live Oak Credit Facility has various eligibility criteria for loans to be included in the borrowing base. Advances under the Live Oak Credit Facility bear interest at a floating rate per annum equal to Adjusted Term SOFR plus an applicable margin between 3.50% and 4.25% based on the Live Oak Credit Facility’s utilization. The Live Oak Credit Agreement also provides for an unused fee of 0.50% on the unused commitments. SIF III’s obligations to the lenders under the Live Oak Credit Facility are secured by a first priority security interest in substantially all of SIF III’s assets. In addition, SIF III’s obligations to the lenders under the Live Oak Credit Facility are secured by a pledge by the Company of its equity interests in SIF III, which is evidenced by the equity pledge agreement, dated as of March 27, 2024, by and between the Company, as pledgor, and Live Oak, as collateral agent for the benefit of the secured parties. 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 November 30, 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 November 30, 2024, we recorded $0.5 million of interest expense related to the Live Oak Credit Facility, which includes commitment and administrative agent fees. For the three months ended November 30, 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 November 30, 2024, the weighted average interest rate on the outstanding borrowings under the Live Oak Credit Facility was 9.00%, and the average dollar amount of outstanding borrowings under the Live Oak Credit Facility was $20.0 million. For the nine months ended November 30, 2024, we recorded $1.4 million of interest expense related to the Live Oak Credit Facility, which includes commitment and administrative agent fees. For the nine months ended November 30, 2024, we recorded $0.2 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 nine months ended November 30, 2024, the weighted average interest rate on the outstanding borrowings under the Live Oak Credit Facility was 9.34%, and the average dollar amount of outstanding borrowings under the Live Oak Credit Facility was $17.3 million. Our borrowing base under the Live Oak Credit Facility is $86.4 million subject to the Live Oak Credit Facility cap of $75.0 million at November 30, 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 November 30, 2024 borrowing base relies upon the valuations set forth in the Quarterly Report on Form 10-Q for the period ended August 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 November 30, 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 November 30, 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 November 30, 2024 and November 30, 2023, the Company recorded $1.8 million and $1.6 million of interest expense related to the SBA debentures, respectively. For the three months ended November 30, 2024 and November 30, 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 November 30, 2024 and November 30, 2023 on the outstanding borrowings of the SBA debentures was 3.30% and 3.25%, respectively. During the three months ended November 30, 2024 and November 30, 2023, the average dollar amount of SBA debentures outstanding was $214.0 million and $200.4 million, respectively. For the nine months ended November 30, 2024 and November 30, 2023, the Company recorded $5.3 million and $4.6 million of interest expense related to the SBA debentures, respectively. For the nine months ended November 30, 2024 and November 30, 2023, the Company recorded $0.7 million and $0.7 million of amortization of deferred financing costs related to the SBA debentures, respectively. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. The weighted average interest rate during the nine months ended November 30, 2024 and November 30, 2023 on the outstanding borrowings of the SBA debentures was 3.33% and 3.01%, respectively. During the nine months ended November 30, 2024 and November 30, 2023, the average dollar amount of SBA debentures outstanding was $214.0 million and $201.7 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 November 30, 2024, the total amount of 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 November 30, 2024 and November 30, 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 November 30, 2024 and November 30, 2023, the average dollar amount of 7.75% 2025 Notes outstanding was $5.0 million and $5.0 million respectively. For the nine months ended November 30, 2024 and November 30, 2023, the Company recorded $0.3 million and $0.3 million, respectively, of interest expense and $0.04 million and $0.04 million, respectively, of amortization of deferred financing costs related to the 7.75% 2025 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the nine months ended November 30, 2024 and November 30, 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 November 30, 2024, the total amount of 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 $14.5 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 November 30, 2024 and November 30, 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 November 30, 2024 and November 30, 2023 the average dollar amount of 6.25% 2027 Notes outstanding was $15.0 million and $15.0 million respectively. For the nine months ended November 30, 2024 and November 30, 2023, the Company recorded $0.7 million and $0.7 million, respectively, of interest expense and $0.05 million and $0.05 million, respectively, of amortization of deferred financing costs related to the 6.25% 2027 Notes. Interest expense and amortization of deferred financing costs are reported as interest and debt financing expense on the consolidated statements of operations. During the nine months ended November 30, 2024 and November 30, 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 November 30, 2024, the total amount of 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 $168.0 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 4.375% 2026 Notes was $175.0 million and $163.4 million, respectively. For the three months ended November 30, 2024 and November 30, 2023, the Company recorded $1.9 million and $1.9 million, respectively, of interest expense, $0.1 million and $0.1 million, respectively, of amortization of deferred financing costs and $0.08 million and $0.08 million, respectively, of amortization of premium on issuance of 4.375% Notes due 2026 (inclusive of the issuance of the Additional 4.375% 2026 Notes). Interest expense, amortization of deferred financing costs and amortization of premium on issuance of notes are reported as interest and debt financing expense on the consolidated statements of operations. During the three months ended November 30, 2024 and November 30, 2023, the average dollar amount of 4.375% 2026 Notes outstanding was $175.0 million and $175.0 million, respectively. For the nine months ended November 30, 2024 and November 30, 2023, the Company recorded $5.7 million and $5.7 million, respectively, of interest expense, $0.4 million and $0.4 million, respectively, of amortization of deferred financing costs

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 30, 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 November 30, 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 $ 37,000 $ 514,375 $ 72,500 $ 214,000 Off-Balance Sheet Arrangements As of November 30, 2024 and February 29, 2024, the Company’s off-balance sheet arrangements consisted of $128.1 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 November 30, 2024 and February 29, 2024 is shown in the table below (dollars in thousands): November 30, 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 Saratoga Senior Loan Fund I JV, LLC 8,548 8,548 Sceptre Hospitality Resources, LLC - 5,000 Stretch Zone Franchising, LLC - 3,750 VetnCare MSO, LLC 10,000 10,000 Total $ 75,748 $ 77,696 At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required Alpha Aesthetics Partners OpCo, LLC $ 3,653 $ 6,500 ARC Health OpCo LLC - 2,585 Axero Holdings, LLC - Revolver 500 500 Axiom Medical Consulting, LLC 1,500 2,000 BQE Software, Inc. 2,250 3,250 C2 Educational Systems - 3,000 Cloudpermit Intermediate Holding Company 5,000 - 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 Modis Dental Partners OpCo, LLC 8,900 - Pepper Palace, Inc. - Revolver 600 2,500 Stretch Zone Franchising, LLC 1,500 1,500 VetnCare MSO, LLC 7,319 15,319 Zollege PBC - 150 52,341 54,733 Total $ 128,089 $ 132,429 The Company believes its assets will provide adequate coverage to satisfy these unfunded commitments. As of November 30, 2024, the Company had cash and cash equivalents of $147.6 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	9 Months Ended
	Nov. 30, 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 November 30, 2024 and November 30, 2023, the Company incurred $0.1 million and $0.1 million for directors’ fees and expenses, respectively. For the nine months ended November 30, 2024 and November 30, 2023, the Company incurred $0.3 million and $0.3 million for directors’ fees and expenses, respectively. As of November 30, 2024 and February 29, 2024, $0.0 million and $0.0 million in directors’ fees and expenses were accrued and unpaid, respectively. As of November 30, 2024, the Company had not issued any common stock to our directors as compensation for their services.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Nov. 30, 2024
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 7, 2025, the Company’s board of directors extended the Share Repurchase Plan for another year to January 15, 2026. As of November 30, 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 nine months ended November 30, 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 November 30, 2024, the Company sold 6,652,316 shares for gross proceeds of $175.5 million at an average price of $26.37 for aggregate net proceeds of $173.9 million (net of transaction costs). During the three and nine months ended November 30, 2024, the Company sold 108,438 shares for gross proceeds of $2.9 million at an average price of $27.07 for aggregate net proceeds of $2.9 million (net of transaction costs). 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: Capital Total Common Stock in Excess Earnings 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 - - - (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 - - - (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 - - - (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 Capital Total Common Stock in Excess Earnings Shares Amount of Par Value (Loss) Net Assets 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 - - - (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 - - - (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 - - - (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 Increase (Decrease) from Operations: Net investment income - - - 12,435,655 12,435,655 Net realized gain (loss) from investments - - - 5,444,745 5,444,745 Net change in unrealized appreciation (depreciation) on investments - - - (8,918,583 ) (8,918,583 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (126,875 ) (126,875 ) Decrease from Shareholder Distributions: Distributions of investment income - - - (10,171,868 ) (10,171,868 ) Capital Share Transactions: Proceeds from issuance of common stock 108,438 108 2,777,318 - 2,777,426 Capital contribution from Manager - - 199,652 - 199,652 Stock dividend distribution 54,999 55 1,214,181 - 1,214,236 Offering costs - - (42,575 ) - (42,575 ) Balance at November 30, 2024 $ 13,909,206 $ 13,909 $ 377,235,609 $ (2,383,863 ) $ 374,865,655

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 30, 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 nine months ended November 30, 2024 and November 30, 2023 (dollars in thousands except share and per share amounts): For the three months ended For the nine months ended Basic and Diluted November 30, November 30, November 30, November 30, Net increase (decrease) in net assets resulting from operations $ 8,835 $ (4,056 ) $ 28,763 $ 3,627 Weighted average common shares outstanding 13,789,951 13,052,896 13,733,008 12,355,815 Weighted average earnings (loss) per common share $ 0.64 $ (0.31 ) $ 2.09 $ 0.29

Dividend

Dividend	9 Months Ended
	Nov. 30, 2024
Dividend [Abstract]
Dividend	Note 13. Dividend On November 7, 2024, the Company declared a dividend of $0.74 per share for the quarter ended November 30, 2024, and a special dividend of $0.35 per share, both dividends payable on December 19, 2024, to common stockholders of record on December 4, 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 nine months ended November 30, 2024 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total Amount* November 7, 2024 December 4, 2024 December 19, 2024 $ 1.09 $ 15,549 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 $ 2.57 $ 35,858 * Total amount is calculated based on the number of shares outstanding at the date of record. The following table summarizes dividends declared for the nine months ended November 30, 2023 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total Amount* November 15, 2023 December 11, 2023 December 28, 2023 $ 0.72 $ 8,888 August 14, 2023 September 14, 2023 September 28, 2023 0.71 9,287 May 22, 2023 June 13, 2023 June 29, 2023 0.70 8,352 Total dividends declared $ 2.13 $ 26,527 * Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights

Financial Highlights	9 Months Ended
	Nov. 30, 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 nine months ended November 30, 2024 and November 30, 2023: Per share data November 30, 2024 November 30, 2023 Net asset value at beginning of period $ 27.12 $ 29.18 Net investment income(1) 3.27 3.57 Net realized and unrealized gain and losses on investments(1) (1.18 ) (3.27 ) Realized losses on extinguishment of debt - (0.01 ) Net increase in net assets resulting from operations 2.09 0.29 Distributions declared from net investment income (2.21 ) (2.10 ) Total distributions to stockholders (2.21 ) (2.10 ) Issuance of common stock at net asset value (2) (0.01 ) (0.30 ) Capital contribution from Manager for the issuance of common stock (14) 0.02 0.36 Repurchases of common stock(3) - 0.03 Dilution(4) (0.06 ) (0.04 ) Net asset value at end of period $ 26.95 $ 27.42 Net assets at end of period $ 374,865,655 $ 359,558,749 Shares outstanding at end of period 13,909,206 13,114,977 Per share market value at end of period $ 25.69 $ 26.21 Total return based on market value(5)(6) 20.19 % 3.62 % Total return based on net asset value(5)(7) 9.77 % 2.35 % Ratio/Supplemental data: Ratio of net investment income to average net assets(8) 17.07 % 17.15 % Expenses: Ratios of operating expenses and income taxes to average net assets*(9) 8.13 % 8.09 % Ratio of incentive management fees to average net assets(5) 3.03 % 1.37 % Ratio of interest and debt financing expenses to average net assets(9) 13.99 % 13.87 % Ratio of total expenses and income taxes to average net assets*(8) 25.15 % 23.33 % Portfolio turnover rate(5)(10) 11.93 % 1.80 % Asset coverage ratio per unit(11) 1,601 1,593 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 $ 24.29 $ 23.34 6.25% Notes Payable 2027(12) N/A N/A 8.00% Notes Payable 2027 $ 25.22 $ 24.93 8.125% Notes Payable 2027 $ 25.28 $ 24.97 8.50% Notes Payable 2028 $ 25.42 $ 25.07 * 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	9 Months Ended
	Nov. 30, 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 November 30, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 8,834,942	$ (4,055,619)	$ 28,763,019	$ 3,627,073

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Nov. 30, 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	9 Months Ended
	Nov. 30, 2024	Feb. 29, 2024	Nov. 30, 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 nine months ended November 30, 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	$ 26.95	$ 27.12	$ 27.42	$ 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 nine months ended November 30, 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)	9 Months Ended
	Nov. 30, 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 November 30, 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: November 30, February 29, Cash and cash equivalents $ 147,614,810 $ 8,692,846 Cash and cash equivalents, reserve accounts 102,549,213 31,814,278 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 250,164,023 $ 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 November 30, 2024, our investment in two controlled portfolio companies were on non-accrual status with a fair value of approximately $2.7 million, or 0.3% 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)	9 Months Ended
	Nov. 30, 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: November 30, February 29, Cash and cash equivalents $ 147,614,810 $ 8,692,846 Cash and cash equivalents, reserve accounts 102,549,213 31,814,278 Total cash and cash equivalents and cash and cash equivalents, reserve accounts $ 250,164,023 $ 40,507,124

Investments (Tables)

Investments (Tables)	9 Months Ended
	Nov. 30, 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 November 30, 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 $ - $ - $ 833,223 $ - $ 833,223 Second lien term loans - - 6,140 - 6,140 Unsecured term loans - - 16,199 - 16,199 Structured finance securities - - 17,852 - 17,852 Equity interests - - 81,927 4,752 86,679 Total $ - $ - $ 955,341 $ 4,752 $ 960,093 * 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.
Schedule of Reconciliation of the Beginning and Ending Balances for Investments	The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the nine months ended November 30, 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 1,912 8,003 - (5,373 ) 4 4,546 Net accretion of discount on investments 2,177 5 - - - 2,182 Net change in unrealized appreciation (depreciation) on investments 41,727 3,185 381 (7,401 ) 500 38,392 Purchases 121,207 - - - 5,069 126,276 Sales and repayments (262,551 ) (23,150 ) - - (10,545 ) (296,246 ) Net realized gain (loss) from investments (47,672 ) - - - (1,527 ) (49,199 ) Balance as of November 30, 2024 $ 833,223 $ 6,140 $ 16,199 $ 17,852 $ 81,927 $ 955,341 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 $ (3,649 ) $ 3,185 $ 381 $ (7,401 ) $ (3,998 ) $ (11,482 ) First lien term loans Second lien term loans Unsecured term loans Structured finance securities Equity interests Total Balance as of February 28, 2023 $ 798,534 $ 14,936 $ 20,661 $ 41,362 $ 83,990 $ 959,483 Payment-in-kind and other adjustments to cost 1,147 624 - (5,531 ) (293 ) (4,053 ) Net accretion of discount on investments 1,637 4 - - - 1,641 Net change in unrealized appreciation (depreciation) on investments (20,102 ) (691 ) 341 (6,444 ) (7,715 ) (34,611 ) Purchases 194,541 - - - 8,343 202,884 Sales and repayments (15,865 ) - (3,383 ) - - (19,248 ) Net realized gain (loss) from investments - - - - 151 151 Balance as of November 30, 2023 $ 959,892 $ 14,873 $ 17,619 $ 29,387 $ 84,476 $ 1,106,247 Net change in unrealized appreciation (depreciation) for the year relating to those Level 3 assets that were still held by the Company at the end of the period $ (20,033 ) $ (691 ) $ (5 ) $ (6,444 ) $ (7,792 ) $ (34,965 )
Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements of Assets	The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of November 30, 2024 were as follows (dollars in thousands): Fair Value Valuation Technique Unobservable Input Range Weighted Average* First lien term loans $ 833,223 Market Comparables Market Yield (%) 10.1% - 20.5% 12.3% Revenue Multiples (x) 2.5x 2.5x Third-party Bid (x) 8.0x 8.0x Second lien term loans 6,140 Market Comparables Market Yield (%) 19.5% 19.5% Unsecured term loans 16,199 Discounted Cash Flow Discount Rate (%) 10.5% 10.5% Structured finance securities 17,852 Discounted Cash Flow Discount Rate (%) 8.5% - 40.0% 14.9% Recovery Rate (%) 35.0% - 70.0% 61.5% Prepayment Rate (%) 20.0% 20.0% Equity interests 81,927 Enterprise Value Waterfall Revenue Multiples (x) 0.1x - 9.4x 6.7x EBITDA Multiples (x) 1.0x - 21.9x 8.6x Total $ 955,341 * 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 Average* 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.
Schedule of Amortized Cost and Fair Value	The composition of our investments as of November 30, 2024 at amortized cost and fair value was as follows (dollars in thousands): Investments at Amortized Cost Amortized Cost Investments at Fair Value Fair Value Percentage of Total Portfolio First lien term loans $ 834,750 86.3 % $ 833,223 86.8 % Second lien term loans 6,827 0.7 6,140 0.6 Unsecured term loans 17,619 3.9 16,199 1.7 Structured finance securities 37,396 1.8 17,852 1.9 Equity interests 70,750 7.3 86,679 9.0 Total $ 967,342 100.0 % $ 960,093 100.0 % Investments at Amortized Cost Amortized Cost Percentage of Total Portfolio Investments at Fair Value Fair Value Percentage of Total Portfolio 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 November 30, 2024 (unaudited) and February 29, 2024 and for the three and nine months ended November 30, 2024 (unaudited) and November 30, 2023 (unaudited). November 30, February 29, (unaudited) ASSETS Investments at fair value Loans at fair value (amortized cost of $548,610,503 and $629,345,724, respectively) $ 523,822,494 $ 606,531,189 Equities at fair value (amortized cost of $2,911,603 and $1,649,986, respectively) 1,909,443 1,020,585 Total investments at fair value (amortized cost of $551,522,106 and $630,995,710, respectively) 525,731,937 607,551,774 Cash and cash equivalents 26,917,052 12,104,832 Receivable from open trades 1,684,753 2,865,174 Interest receivable (net of reserve of $605,564 and $615,604, respectively) 3,038,940 3,402,471 Due from affiliate 57,001 3,953 Prepaid expenses and other assets 119,457 205,400 Total assets $ 557,549,140 $ 626,133,604 LIABILITIES Interest payable $ 4,351,257 $ 5,043,712 Payable from open trades 1,685,480 10,519,573 Accrued base management fee 65,474 68,605 Accrued subordinated management fee 261,895 274,418 Accounts payable and accrued expenses 141,542 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 305,727,301 - 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 (201,967 ) (220,100 ) Class E-R-3 Deferrable Mezzanine Floating Rate Notes 27,625,000 27,625,000 Discount on Class E-R-3 Notes (2,098,217 ) (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 (1,266,542 ) (1,707,224 ) Subordinated Notes 111,000,000 111,000,000 Discount on Subordinated Notes (33,185,548 ) (36,164,988 ) Total liabilities 639,980,675 697,611,597 Commitments and contingencies 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) (82,431,785 ) (71,478,243 ) Total net deficit (82,431,535 ) (71,477,993 ) Total liabilities and net assets $ 557,549,140 $ 626,133,604
Schedule of Consolidated Statements of Operations	For the three months ended For the nine months ended November 30, November 30, November 30, November 30, INVESTMENT INCOME Total interest from investments $ 13,342,306 $ 15,599,943 $ 43,995,503 $ 46,240,246 Interest from cash and cash equivalents 289,869 139,759 853,765 480,995 Other income 124,901 286,607 1,225,297 756,831 Total investment income 13,757,076 16,026,309 46,074,565 47,478,072 EXPENSES Interest and debt financing expenses 13,408,313 14,644,320 42,605,821 43,349,057 Base management fee 775,398 163,985 1,094,754 490,793 Subordinated management fee - 655,943 1,277,423 1,963,174 Professional fees 79,709 87,540 222,005 260,431 Trustee expenses 64,157 64,554 187,635 193,588 Other expense 66,339 50,330 242,902 190,215 Total expenses 14,393,916 15,666,672 45,630,540 46,447,258 NET INVESTMENT INCOME (LOSS) (636,840 ) 359,637 444,025 1,030,814 REALIZED AND UNREALIZED LOSS ON INVESTMENTS Net realized loss from investments (1,278,236 ) (6,298,909 ) (8,472,121 ) (9,048,743 ) Net change in unrealized depreciation on investments (1,626,867 ) (313,230 ) (2,346,233 ) 2,702,275 Net realized and unrealized gain (loss) on investments (2,905,103 ) (6,612,139 ) (10,818,354 ) (6,346,468 ) Realized losses on extinguishment of debt - - (579,213 ) - NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (3,541,943 ) $ (6,252,502 ) $ (10,953,542 ) $ (5,315,654 )
Schedule of Investments	Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Altisource Solutions S.a r.l. Banking, Finance, Insurance & Real Estate Common Stock Equity 15,981 $ - $ 14,223 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Common Stock Equity 23,799 660,422 583,076 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Warrants Equity 349 9,685 8,551 Envision Parent Inc Healthcare & Pharmaceuticals Common Stock Equity 4,410 175,000 50,715 Envision Parent Inc Healthcare & Pharmaceuticals Warrants Equity 92,837 - 4,642 Instant Brands Litigation Trust Consumer goods: Durable Equity Interest Equity 50,038 34,198 150,000 Isagenix International, LLC Beverage, Food & Tobacco Common Stock Equity 86,398 - - Research Now Group, Inc Media: Advertising, Printing & Publishing Common Stock Equity 39,808 557,312 676,736 Resolute Investment Managers (American Beacon), Inc. Banking, Finance, Insurance & Real Estate Common Stock Equity 24,320 1,034,581 66,880 URS TOPCO, LLC Transportation: Cargo Common Stock Equity 25,330 440,405 354,620 1011778 B.C Unltd Liability Co Beverage, Food & Tobacco Term Loan B6 Loan 1M USD SOFR+ 1.75 % 0.00 % 6.32 % 9/20/2030 $ 1,440,272 1,422,144 1,437,391 19TH HOLDINGS GOLF, LLC Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 3.25 % 0.50 % 7.99 % 2/7/2029 2,454,811 2,376,785 2,396,510 888 Acquisitions Limited Hotel, Gaming & Leisure Term Loan B Loan 6M USD SOFR+ 5.25 % 0.00 % 9.50 % 7/8/2028 3,052,566 2,796,616 2,930,463 Adtalem Global Education Inc. Services: Business Term Loan B (08/24) Loan 1M USD SOFR+ 2.75 % 0.75 % 7.32 % 8/12/2028 582,329 579,025 585,240 Aegis Sciences Corporation Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 1.00 % 10.28 % 5/9/2025 2,277,447 2,275,329 1,408,214 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Agiliti Health Inc. Healthcare & Pharmaceuticals Term Loan B (03/23) Loan 6M USD SOFR+ 3.00 % 0.00 % 7.26 % 5/1/2030 2,159,600 2,145,396 2,123,167 AHEAD DB Holdings, LLC Services: Business Term Loan B3 (07/24) Loan 3M USD SOFR+ 3.50 % 0.75 % 8.10 % 2/1/2031 2,902,931 2,843,841 2,923,629 Air Canada Transportation: Consumer Term Loan B (03/24) Loan 3M USD SOFR+ 2.00 % 0.00 % 6.75 % 3/21/2031 995,000 992,585 996,423 AIT Worldwide Logistics Holdings, Inc. Transportation: Cargo Term Loan B (10/24) Loan 1M USD SOFR+ 4.75 % 0.75 % 9.48 % 4/5/2030 2,455,696 2,336,935 2,475,145 AlixPartners, LLP Banking, Finance, Insurance & Real Estate Term Loan B (01/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.19 % 2/4/2028 241,249 241,115 242,557 Alkermes, Inc. Healthcare & Pharmaceuticals Term Loan B (3/21) Loan 1M USD SOFR+ 2.50 % 0.50 % 7.19 % 3/12/2026 2,088,347 2,082,135 2,090,957 Allen Media, LLC Media: Diversified & Production Term Loan (7/21) Loan 3M USD SOFR+ 5.50 % 0.00 % 10.25 % 2/10/2027 4,315,175 4,299,517 2,807,021 Alliant Holdings Intermediate, LLC Banking, Finance, Insurance & Real Estate Term Loan B6 (09/24) Loan 1M USD SOFR+ 2.75 % 0.00 % 7.35 % 9/19/2031 799,019 799,019 803,517 Allied Universal Holdco LLC Services: Business Term Loan 4/21 Loan 1M USD SOFR+ 3.75 % 0.50 % 8.42 % 5/12/2028 1,940,000 1,934,896 1,952,125 Alterra Mountain Company (Intrawest Resort Holdings) Hotel, Gaming & Leisure First Lien Term Loan Loan 1M USD SOFR+ 3.00 % 0.00 % 7.57 % 5/31/2030 249,375 249,375 251,245 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 % 9.70 % 4/30/2025 1,143,064 1,143,280 514,379 Altium Packaging LLC Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 2.50 % 0.00 % 7.07 % 6/11/2031 483,788 482,610 482,781 Amer Sports Oyj (MASCOT BIDCO OY) Consumer goods: Durable USD Term Loan B (01/24) Loan 3M USD SOFR+ 2.75 % 0.00 % 7.24 % 2/17/2031 349,125 347,589 352,180 American Axle & Manufacturing Inc. Automotive Term Loan (12/22) Loan 1M USD SOFR+ 3.00 % 0.50 % 7.62 % 12/13/2029 480,000 468,818 481,800 American Greetings Corporation Media: Advertising, Printing & Publishing Term Loan B (04/24) Loan 1M USD SOFR+ 5.75 % 0.00 % 10.32 % 10/30/2029 2,945,449 2,944,082 2,963,121 American Trailer World Corp Automotive Term Loan Loan 1M USD SOFR+ 3.75 % 0.75 % 8.42 % 3/3/2028 1,357,439 1,356,452 1,162,307 AmWINS Group, LLC Banking, Finance, Insurance & Real Estate Term Loan 2/21 Loan 1M USD SOFR+ 2.25 % 0.75 % 6.94 % 2/17/2028 1,925,038 1,911,926 1,932,257 Anastasia Parent LLC Consumer goods: Non-durable Term Loan Loan 3M USD SOFR+ 3.75 % 0.00 % 8.62 % 8/11/2025 940,000 939,214 605,125 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Number of Shares Cost Fair Anchor Packaging, LLC Containers, Packaging & Glass Term Loan (4/24) Loan 1M USD SOFR+ 3.75 % 0.00 % 8.44 % 7/18/2029 1,949,282 1,932,103 1,959,730 AP Core Holdings II LLC High Tech Industries Term Loan B1 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.19 % 9/1/2027 1,699,981 1,686,320 1,655,782 AP Core Holdings II LLC High Tech Industries Term Loan B2 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.19 % 9/1/2027 500,000 495,988 485,730 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 491,269 468,492 495,774 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 7.44 % 5/15/2026 2,885,787 2,873,078 2,878,572 Apollo Commercial Real Estate Finance, Inc. Banking, Finance, Insurance & Real Estate Term Loan B1 (2/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 3/6/2028 965,000 959,761 955,350 AppLovin Corporation High Tech Industries Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.19 % 8/19/2030 964,769 964,769 964,943 AppLovin Corporation High Tech Industries Term Loan B (3/24) Loan Prime 1.50 % 0.50 % 9.25 % 10/25/2028 1,466,381 1,464,622 1,465,853 AqGen Ascensus, Inc. Banking, Finance, Insurance & Real Estate Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 8/2/2028 496,075 492,900 499,176 Aramark Services, Inc. Services: Consumer Term Loan Loan 1M USD SOFR+ 1.75 % 0.00 % 6.44 % 1/15/2027 2,331,250 2,302,315 2,331,973 Aramark Services, Inc. Services: Consumer Term Loan B7 (03/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 4/6/2028 1,753,715 1,749,408 1,758,380 ARC FALCON I INC. Chemicals, Plastics, & Rubber Term Loan Loan 1M USD SOFR+ 3.50 % 0.50 % 8.17 % 9/23/2028 973,774 971,828 980,902 ARCIS GOLF LLC Services: Consumer Term Loan B Loan 1M USD SOFR+ 3.75 % 0.50 % 8.44 % 11/24/2028 494,245 490,303 497,952 Aretec Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan B 2 Loan 1M USD SOFR+ 4.00 % 0.00 % 8.57 % 8/9/2030 2,622,898 2,609,234 2,637,979 Aspire Bakeries Holdings, LLC Beverage, Food & Tobacco Term loan Loan 1M USD SOFR+ 4.25 % 0.00 % 8.82 % 12/23/2030 895,500 887,468 899,978 Assuredpartners Inc. Banking, Finance, Insurance & Real Estate Term Loan B5 (02/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.07 % 2/14/2031 1,293,500 1,291,978 1,301,662 Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B10 Loan 1M USD SOFR+ 4.00 % 0.00 % 8.67 % 8/19/2028 1,960,000 1,891,862 1,962,038 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Number of Shares Cost Fair Asurion, LLC Banking, Finance, Insurance & Real Estate Term Loan B12 Loan 1M USD SOFR+ 4.25 % 0.00 % 8.82 % 9/19/2030 2,919,478 2,915,698 2,915,215 ATHENAHEALTH GROUP INC. Healthcare & Pharmaceuticals Term Loan B (2/22) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.82 % 2/15/2029 1,307,142 1,303,688 1,310,410 Avolon TLB Borrower 1 (US) LLC Capital Equipment Term Loan B6 Loan 1M USD SOFR+ 1.75 % 0.00 % 6.36 % 6/22/2030 1,472,622 1,427,186 1,472,210 Axalta Coating Systems US Holdings Chemicals, Plastics, & Rubber Term Loan B (11/24) Loan 1M USD SOFR+ 1.75 % 0.50 % 6.27 % 12/20/2029 851,048 844,586 853,712 AZURITY PHARMACEUTICALS, INC. Healthcare & Pharmaceuticals Term Loan B Loan 3M USD SOFR+ 6.62 % 0.75 % 11.49 % 9/20/2027 431,250 424,125 419,391 B&G Foods, Inc. Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 3.50 % 0.00 % 8.07 % 10/10/2029 533,621 531,858 533,621 BAKELITE UK INTERMEDIATE LTD. Chemicals, Plastics, & Rubber Term Loan (5/24) Loan 3M USD SOFR+ 3.50 % 0.50 % 8.10 % 5/29/2029 1,477,528 1,471,911 1,487,220 Baldwin Insurance Group Holdings, LLC Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 5/26/2031 1,644,400 1,634,073 1,656,733 Belfor Holdings Inc. Services: Consumer Term Loan B-1 (11/23) Loan 1M USD SOFR+ 3.75 % 0.50 % 8.32 % 11/1/2030 1,494,834 1,481,878 1,505,118 Bengal Debt Merger Sub LLC Beverage, Food & Tobacco Term Loan Loan 3M USD SOFR+ 3.25 % 0.50 % 7.95 % 1/24/2029 1,955,000 1,954,381 1,354,893 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 6.94 % 4/23/2026 962,019 959,704 960,816 Blackstone Mortgage Trust, Inc. Banking, Finance, Insurance & Real Estate Term Loan (6/21) Loan 1M USD SOFR+ 2.75 % 0.50 % 7.44 % 4/23/2026 1,439,044 1,435,048 1,435,447 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan Loan 1M USD SOFR+ 2.75 % 0.00 % 7.44 % 1/22/2031 1,429,361 1,425,833 1,431,648 Bombardier Recreational Products, Inc. Consumer goods: Durable Term Loan B3 Loan 1M USD SOFR+ 2.75 % 0.50 % 7.44 % 12/13/2029 490,047 480,448 491,654 Boost Newco Borrower, LLC (Worldpay) Banking, Finance, Insurance & Real Estate Term Loan (06/24) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.10 % 1/31/2031 500,000 497,765 504,105 Boxer Parent Company, Inc. High Tech Industries Term Loan B (06/24) Loan 3M USD SOFR+ 3.75 % 0.00 % 8.34 % 7/30/2031 1,007,194 1,002,871 1,013,599 BrightSpring Health Services (Phoenix Guarantor) Healthcare & Pharmaceuticals Term Loan (02/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 2/21/2031 967,638 967,638 974,895 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Number of Shares Cost Fair BroadStreet Partners, Inc. Banking, Finance, Insurance & Real Estate Term Loan B-4 Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 6/14/2031 2,903,607 2,901,538 2,918,444 Brookfield WEC Holdings Inc. Energy: Electricity Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 6.92 % 1/27/2031 1,444,069 1,444,069 1,449,008 BROWN GROUP HOLDING, LLC Aerospace & Defense Term Loan B-2 Loan 1M USD SOFR+ 2.75 % 0.00 % 7.32 % 7/1/2031 492,516 482,581 494,771 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B4 (05/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 11/22/2030 665,004 662,876 666,321 Buckeye Partners, L.P. Utilities: Oil & Gas Term Loan B5 (09/24) Loan 1M USD SOFR+ 1.75 % 0.00 % 6.32 % 11/2/2026 567,280 565,840 567,672 BW Gas & Convenience Holdings LLC Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 3/31/2028 2,418,750 2,405,594 2,431,860 Callaway Golf Company Retail Term Loan B Loan 1M USD SOFR+ 3.00 % 0.00 % 7.57 % 3/16/2030 472,500 468,551 469,939 Calpine Corporation Utilities: Electric Term Loan B10 (01/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 1/31/2031 1,990,000 1,980,789 1,994,259 Camping World, Inc. Retail Term Loan B (5/21) Loan 1M USD SOFR+ 2.50 % 0.75 % 7.19 % 6/5/2028 2,443,038 2,286,576 2,391,392 CAPSTONE BORROWER INC Services: Business Term Loan B (05/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 7.85 % 6/17/2030 874,867 863,792 878,148 CareerBuilder, LLC (c) Services: Business Term Loan B3 Loan 1M USD SOFR+ 2.50 % 0.00 % 7.19 % 7/31/2026 4,046,036 4,032,687 404,604 Castle US Holding Corporation Media: Advertising, Printing & Publishing Term Loan B (USD) Loan 1M USD SOFR+ 3.75 % 0.00 % 8.44 % 1/27/2027 1,934,080 1,929,004 1,075,832 CASTLELAKE AVIATION LLC Aerospace & Defense Term Loan B Loan 3M USD SOFR+ 2.75 % 0.50 % 7.70 % 10/21/2027 982,500 977,381 985,772 CBL & Associates Limited Partnership Retail Term Loan 11/21 Loan 1M USD SOFR+ 2.75 % 1.00 % 7.54 % 11/1/2025 2,246,084 2,087,998 2,097,281 CCC Intelligent Solutions Inc. Services: Business Term Loan B Loan 1M USD SOFR+ 2.25 % 0.50 % 6.94 % 9/16/2028 243,125 242,851 244,280 CCI Buyer, Inc Telecommunications Term Loan Loan 3M USD SOFR+ 4.00 % 0.75 % 8.60 % 12/17/2027 241,250 240,026 242,888 CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 4.25 % 0.50 % 8.92 % 3/5/2028 982,500 948,322 610,378 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair CCRR Parent, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 3M USD SOFR+ 4.25 % 0.75 % 9.03 % 3/5/2028 965,000 962,597 594,160 CCS-CMGC Holdings, Inc. Healthcare & Pharmaceuticals Term Loan Loan 3M USD SOFR+ 5.50 % 0.00 % 10.82 % 9/25/2025 2,356,250 2,352,816 693,916 CDK GLOBAL, INC. High Tech Industries Term Loan B (05/24) Loan 3M USD SOFR+ 3.25 % 0.00 % 7.85 % 7/6/2029 992,500 970,171 993,076 CENTURI GROUP, INC. Construction & Building Term Loan B Loan 1M USD SOFR+ 2.50 % 0.50 % 7.19 % 8/27/2028 616,921 613,354 617,723 Charlotte Buyer, Inc. Services: Business Term Loan B (07/24) Loan 1M USD SOFR+ 4.75 % 0.50 % 9.37 % 2/11/2028 1,477,500 1,409,649 1,488,168 Chemours Company, (The) Chemicals, Plastics, & Rubber Term Loan B2 Loan 1M USD SOFR+ 3.50 % 0.50 % 8.07 % 8/18/2028 2,375,719 2,343,004 2,386,600 Churchill Downs Incorporated Hotel, Gaming & Leisure Term Loan B1 (3/21) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.67 % 3/17/2028 482,500 481,987 483,706 CIMPRESS PUBLIC LIMITED COMPANY Media: Advertising, Printing & Publishing Term Loan B1 (05/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 7.57 % 5/17/2028 1,945,049 1,883,424 1,958,023 CITADEL SECURITIES LP Banking, Finance, Insurance & Real Estate Term Loan (10/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 10/31/2031 4,826,890 4,826,890 4,845,280 Citco Funding LLC Banking, Finance, Insurance & Real Estate Term Loan B (06/24) Loan 6M USD SOFR+ 2.75 % 0.50 % 7.31 % 4/27/2028 990,025 986,322 997,450 Clarios Global LP Automotive Term Loan B (07/24) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.07 % 5/6/2030 1,197,000 1,192,203 1,203,739 Claros Mortgage Trust, Inc Banking, Finance, Insurance & Real Estate Term Loan B-1 (11/21) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.17 % 8/9/2026 3,377,586 3,367,642 3,276,258 CLYDESDALE ACQUISITION HOLDINGS, INC. Containers, Packaging & Glass Term Loan B Loan 1M USD SOFR+ 3.18 % 0.50 % 7.75 % 4/13/2029 1,220,000 1,198,551 1,226,686 Columbus McKinnon Corporation Capital Equipment Term Loan (03/24) Loan 3M USD SOFR+ 2.50 % 0.50 % 7.10 % 5/14/2028 366,056 365,561 367,429 Connect Finco SARL Telecommunications Term Loan B (03/24) Loan 1M USD SOFR+ 4.50 % 0.50 % 9.07 % 9/27/2029 2,873,063 2,804,916 2,480,401 Consolidated Communications, Inc. Telecommunications Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.19 % 10/2/2027 2,714,005 2,581,960 2,688,900 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair CORAL-US CO-BORROWER LLC Telecommunications Term Loan B-5 Loan 3M USD SOFR+ 2.25 % 0.00 % 7.00 % 1/31/2028 4,000,000 3,992,430 3,985,840 Corelogic, Inc. Services: Business Term Loan (4/21) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 6/2/2028 2,425,000 2,418,601 2,409,456 Cortes NP Acquisition Corp (Vertiv) Capital Equipment Term Loan B (05/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.66 % 3/2/2027 1,925,599 1,925,599 1,935,496 Creative Artists Agency, LLC Media: Diversified & Production Term Loan B (09/24) Loan 1M USD SOFR+ 2.75 % 0.00 % 7.32 % 9/12/2031 1,576,094 1,567,369 1,584,857 CROCS INC Consumer goods: Durable Term Loan B (01/24) Loan 1M USD SOFR+ 2.25 % 0.50 % 6.82 % 2/19/2029 862,500 838,623 866,571 Cross Financial Corp Banking, Finance, Insurance & Real Estate Term Loan B2 (10/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 10/24/2031 485,063 483,806 488,700 Crown Subsea Communications Holding, Inc. Construction & Building Term Loan B Loan 1M USD SOFR+ 4.00 % 0.75 % 8.57 % 1/30/2031 2,394,000 2,372,592 2,422,441 CTC Holdings, LP Banking, Finance, Insurance & Real Estate Term Loan (2/22) Loan 3M USD SOFR+ 5.00 % 0.50 % 9.66 % 2/15/2029 2,193,750 2,155,366 2,188,266 CTS Midco, LLC High Tech Industries Term Loan B Loan 3M USD SOFR+ 6.00 % 1.00 % 10.85 % 11/2/2027 1,923,807 1,896,277 1,914,188 Dave & Buster’s Inc. Hotel, Gaming & Leisure Term Loan B (1/24) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.94 % 6/29/2029 762,038 734,081 763,806 DCert Buyer, Inc. High Tech Industries Term Loan Loan 1M USD SOFR+ 4.00 % 0.00 % 8.57 % 10/16/2026 1,443,325 1,443,325 1,411,933 Delek US Holdings, Inc. Utilities: Oil & Gas Term Loan B (11/22) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.17 % 11/16/2029 5,305,500 5,215,591 5,306,985 Derby Buyer LLC Chemicals, Plastics, & Rubber Term Loan (5/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.16 % 11/1/2030 621,875 613,650 623,622 DexKo Global, Inc. (Dragon Merger) Automotive Term Loan (9/21) Loan 3M USD SOFR+ 3.75 % 0.50 % 8.62 % 10/4/2028 975,000 972,491 915,018 Diamond Sports Group, LLC Media: Broadcasting & Subscription 1st Priority Term Loan Loan 1M USD SOFR+ 10.00 % 1.00 % 14.77 % 5/25/2026 35,166 34,709 30,038 DIRECTV FINANCING, LLC Media: Broadcasting & Subscription Term Loan (1/24) Loan 3M USD SOFR+ 5.25 % 0.75 % 10.10 % 8/2/2029 2,974,675 2,957,251 2,929,728 DISCOVERY PURCHASER CORPORATION Chemicals, Plastics, & Rubber Term Loan Loan 3M USD SOFR+ 4.38 % 0.50 % 8.95 % 10/4/2029 1,473,918 1,383,648 1,481,081 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Dispatch Acquisition Holdings, LLC Environmental Industries Term Loan B (3/21) Loan 3M USD SOFR+ 4.25 % 0.75 % 9.00 % 3/25/2028 483,750 481,157 460,873 DOMTAR CORPORATION Forest Products & Paper Term Loan 9/21 Loan 1M USD SOFR+ 5.50 % 0.75 % 10.19 % 11/30/2028 3,114,554 3,067,307 3,000,344 DOTDASH MEREDITH, INC. Media: Advertising, Printing & Publishing Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.17 % 12/1/2028 1,911,111 1,770,962 1,923,056 DRI HOLDING INC. Media: Advertising, Printing & Publishing Term Loan (12/21) Loan 1M USD SOFR+ 5.25 % 0.50 % 10.04 % 12/15/2028 3,902,444 3,794,546 3,767,809 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 6,278,762 6,312,881 DTZ U.S. Borrower, LLC Construction & Building 2024-3 Term Loan (09/24) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.82 % 1/31/2030 1,097,250 1,074,013 1,097,250 DTZ U.S. Borrower, LLC Construction & Building Term Loan B1 (06/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 7.57 % 1/31/2030 2,014,107 2,012,682 2,026,695 Dye & Durham Corporation Services: Business Term Loan B (04/24) Loan 3M USD SOFR+ 4.25 % 1.00 % 8.95 % 4/11/2031 1,435,714 1,415,334 1,439,907 EAB Global, Inc. Services: Business Term Loan (08/21) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.82 % 8/16/2028 972,613 970,107 975,530 Echo Global Logistics, Inc. Services: Business Term Loan Loan 1M USD SOFR+ 3.75 % 0.50 % 8.42 % 11/23/2028 1,950,000 1,947,987 1,923,188 Edelman Financial Group Inc., The Banking, Finance, Insurance & Real Estate Term Loan B (05/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 4/7/2028 2,155,371 2,151,733 2,167,700 ELECTRON BIDCO INC. Healthcare & Pharmaceuticals Term Loan Loan 1M USD SOFR+ 3.00 % 0.50 % 7.69 % 11/1/2028 487,500 486,305 490,396 ELO Touch Solutions, Inc. Media: Diversified & Production Term Loan (12/18) Loan 1M USD SOFR+ 6.50 % 0.00 % 11.19 % 12/14/2025 2,137,656 2,120,001 2,130,089 Embecta Corp Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 3.00 % 0.50 % 7.57 % 3/30/2029 2,993,180 2,946,385 2,962,919 Emrld Borrower LP Capital Equipment Term Loan B (04/23) Loan 6M USD SOFR+ 2.50 % 0.00 % 6.93 % 5/31/2030 992,500 988,384 994,048 Endo Finance Holdings, Inc. Healthcare & Pharmaceuticals Term Loan B Loan 1M USD SOFR+ 4.00 % 0.50 % 8.57 % 4/23/2031 2,000,000 1,981,375 2,002,500 Endure Digital, Inc. High Tech Industries Term Loan B Loan 1M USD SOFR+ 3.50 % 0.75 % 8.27 % 2/10/2028 2,418,750 2,413,091 1,615,386 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair 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 1,480,034 1,466,934 1,486,517 EOS U.S. FINCO LLC Transportation: Cargo Term Loan Loan 6M USD SOFR+ 6.00 % 0.50 % 11.26 % 10/6/2029 956,250 896,755 674,453 Equiniti Group PLC Services: Business Term Loan B Loan 6M USD SOFR+ 4.50 % 0.50 % 10.01 % 12/11/2028 972,500 966,227 983,441 Evertec Group LLC Banking, Finance, Insurance & Real Estate Term Loan B (09/23) Loan 1M USD SOFR+ 3.25 % 0.50 % 7.84 % 10/30/2030 1,125,000 1,110,023 1,130,625 Fiesta Purchaser, Inc. Beverage, Food & Tobacco First Lien TLB Loan 1M USD SOFR+ 4.00 % 0.00 % 8.57 % 2/12/2031 498,750 494,258 501,618 Finco I LLC Banking, Finance, Insurance & Real Estate Term Loan B (9/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 6.82 % 6/27/2029 2,795,563 2,793,146 2,808,842 First Brands Group, LLC Automotive 1st Lien Term Loan (3/21) Loan 3M USD SOFR+ 5.00 % 1.00 % 9.85 % 3/30/2027 4,825,000 4,789,935 4,656,125 First Eagle Investment Management Banking, Finance, Insurance & Real Estate Term Loan B (02/24) Loan 3M USD SOFR+ 3.00 % 0.00 % 7.60 % 3/5/2029 5,066,194 5,058,251 5,081,139 First Student Bidco Inc. Transportation: Consumer Term Loan B Loan 3M USD SOFR+ 3.00 % 0.50 % 7.87 % 7/21/2028 709,476 706,391 712,449 First Student Bidco Inc. Transportation: Consumer Term Loan C Loan 3M USD SOFR+ 3.00 % 0.50 % 7.87 % 7/21/2028 216,966 216,012 217,875 Fitness International, LLC (LA Fitness) Services: Consumer Term Loan B (1/24) Loan 1M USD SOFR+ 5.25 % 1.00 % 9.92 % 2/5/2029 1,194,000 1,163,022 1,197,486 Flutter Financing B.V. Hotel, Gaming & Leisure Term Loan B3 (11/23) Loan 3M USD SOFR+ 2.00 % 0.50 % 6.60 % 11/25/2030 3,721,875 3,712,626 3,741,266 Franchise Group, Inc. Services: Consumer Term Loan B Loan 1M USD SOFR+ 9.00 % 1.00 % 13.74 % 5/6/2025 355,828 350,854 352,270 Franchise Group, Inc. (c) Services: Consumer First Out Term Loan Loan 6M USD SOFR+ 4.75 % 0.75 % 10.39 % 3/10/2026 827,674 825,253 460,543 Franchise Group, Inc. (c) Services: Consumer Term Loan B Loan 3M USD SOFR+ 4.75 % 0.75 % 9.57 % 3/10/2026 3,041,686 2,974,951 1,692,485 Franchise Group, Inc. (d) Services: Consumer Term Loan DIP New Money Loan 1M USD SOFR+ 9.00 % 1.00 % 0.00 % 5/6/2025 - (7,194 ) 2,572 Franklin Square Holdings, L.P. Banking, Finance, Insurance & Real Estate Term Loan B (04/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 6.82 % 4/25/2031 4,241,841 4,235,807 4,257,748 Froneri International (R&R Ice Cream) Beverage, Food & Tobacco Term Loan B4 (10/24) Loan 1M USD SOFR+ 2.00 % 0.00 % 6.57 % 9/16/2031 1,915,000 1,914,548 1,912,855 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Garrett LX III S.a r.l. Automotive Term Loan Loan 3M USD SOFR+ 2.75 % 0.50 % 7.34 % 4/30/2028 1,455,000 1,451,205 1,464,094 Gemini HDPE LLC Chemicals, Plastics, & Rubber Term Loan B (12/20) Loan 3M USD SOFR+ 3.00 % 0.50 % 7.85 % 12/31/2027 2,101,237 2,092,761 2,102,813 Genesee & Wyoming, Inc. Transportation: Cargo Term Loan B (03/24) Loan 3M USD SOFR+ 2.00 % 0.00 % 6.60 % 4/10/2031 1,500,000 1,492,864 1,503,900 GGP Inc. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 2.50 % 0.00 % 7.17 % 8/27/2025 2,374,877 2,316,895 2,371,243 GIP Pilot Acquisition Partners, L.P. Energy: Oil & Gas Term Loan (05/24) Loan 3M USD SOFR+ 2.50 % 0.00 % 7.09 % 10/4/2030 453,688 451,738 456,524 Global Tel*Link Corporation Telecommunications Term Loan (6/24) Loan 1M USD SOFR+ 7.50 % 3.00 % 12.07 % 7/31/2029 4,821,101 4,750,449 4,681,289 Go Daddy Operating Company, LLC High Tech Industries Term Loan B7 Loan 1M USD SOFR+ 1.75 % 0.00 % 6.32 % 5/30/2031 942,594 942,594 943,499 GOLDEN WEST PACKAGING GROUP LLC Forest Products & Paper Term Loan (11/21) Loan 3M USD SOFR+ 5.25 % 0.75 % 10.10 % 12/1/2027 1,800,000 1,791,369 1,494,000 GOTO GROUP, INC. High Tech Industries First Lien Term Loan Loan 1M USD SOFR+ 4.75 % 0.00 % 9.47 % 4/30/2028 1,248,518 784,356 1,108,060 GOTO GROUP, INC. High Tech Industries Second-Out Term Loan (02/24) Loan 1M USD SOFR+ 4.75 % 0.00 % 9.47 % 4/30/2028 1,724,144 1,651,504 684,485 Graham Packaging Co Inc Containers, Packaging & Glass Term Loan B (07/24) Loan 1M USD SOFR+ 2.50 % 0.00 % 7.07 % 8/4/2027 830,576 827,963 833,766 Great Outdoors Group, LLC Retail Term Loan B2 Loan 1M USD SOFR+ 3.75 % 0.75 % 8.44 % 3/6/2028 962,725 960,449 966,133 Griffon Corporation Consumer goods: Durable Term Loan B Loan 1M USD SOFR+ 2.25 % 0.00 % 6.82 % 1/24/2029 142,813 142,636 143,438 Grosvenor Capital Management Holdings, LLLP Banking, Finance, Insurance & Real Estate Term Loan B (5/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 6.82 % 2/25/2030 2,793,711 2,793,267 2,806,283 Groupe Solmax Inc. Environmental Industries Term Loan (6/21) Loan 1M USD SOFR+ 4.75 % 0.75 % 9.44 % 5/27/2028 2,418,409 2,123,407 2,220,197 GYP HOLDINGS III CORP. Construction & Building Term Loan (1/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 6.82 % 5/12/2030 247,505 246,479 247,299 Hertz Corporation (The) Transportation: Consumer Term Loan B Loan 1M USD SOFR+ 3.75 % 0.00 % 8.34 % 6/30/2028 2,088,230 2,037,051 1,851,028 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Hillman Group Inc. (The) (New) Consumer goods: Durable Term Loan B-1 (2/21) Loan 1M USD SOFR+ 2.25 % 0.50 % 6.82 % 7/14/2028 2,723,502 2,721,899 2,730,665 Hilton Domestic Operating Company Inc. Hotel, Gaming & Leisure Term Loan B 4 Loan 1M USD SOFR+ 1.75 % 0.00 % 6.34 % 11/8/2030 1,500,000 1,496,904 1,508,820 Hilton Grand Vacations Borrower LLC Hotel, Gaming & Leisure Term Loan B Loan 1M USD SOFR+ 2.75 % 0.00 % 8.18 % 8/2/2028 500,000 500,000 502,500 HLF Financing SARL (Herbalife) Consumer goods: Non-durable Term Loan Loan 1M USD SOFR+ 6.75 % 0.50 % 11.32 % 4/12/2029 3,077,445 3,075,506 3,038,331 Holley Purchaser, Inc Automotive Term Loan (11/21) Loan 1M USD SOFR+ 3.75 % 0.75 % 8.44 % 11/17/2028 2,195,737 2,190,375 2,143,237 Hudson River Trading LLC Banking, Finance, Insurance & Real Estate Term Loan (10/24) Loan 1M USD SOFR+ 3.00 % 0.00 % 7.63 % 3/29/2030 5,790,000 5,702,726 5,799,669 Hunter Douglas Inc Consumer goods: Durable Term Loan B-1 Loan 3M USD SOFR+ 3.50 % 0.50 % 8.02 % 2/26/2029 2,456,093 2,247,201 2,462,233 Hyperion Refinance S.a.r.l. Banking, Finance, Insurance & Real Estate Term Loan B Loan 1M USD SOFR+ 3.50 % 0.50 % 8.07 % 2/15/2031 2,985,000 2,971,677 2,996,850 Idera, Inc. High Tech Industries Term Loan (06/24) Loan 3M USD SOFR+ 3.50 % 0.75 % 8.07 % 3/2/2028 4,738,026 4,734,054 4,682,733 IMA Financial Group, Inc. Banking, Finance, Insurance & Real Estate Term Loan (10/21) Loan Prime 2.25 % 0.50 % 10.00 % 11/1/2028 2,446,324 2,438,849 2,448,624 INDY US BIDCO, LLC Services: Business Term Loan (11/21) Loan 1M USD SOFR+ 3.75 % 0.00 % 8.44 % 3/6/2028 2,176,438 2,175,863 2,166,100 INEOS 226 Ltd. Chemicals, Plastics, & Rubber Term Loan 3/23 Loan 1M USD SOFR+ 3.75 % 0.00 % 8.42 % 3/13/2030 493,750 489,613 493,750 Ineos US Finance LLC Chemicals, Plastics, & Rubber Term Loan C Loan 1M USD SOFR+ 3.25 % 0.00 % 7.82 % 2/18/2030 992,500 984,319 996,847 INEOS US PETROCHEM LLC Chemicals, Plastics, & Rubber Term Loan B Loan 1M USD SOFR+ 4.25 % 0.00 % 8.92 % 4/2/2029 2,701,299 2,651,063 2,703,001 Informatica Inc. High Tech Industries Term Loan B (06/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 6.82 % 10/27/2028 487,500 487,456 489,328 Ingram Micro Inc. Wholesale Term Loan B Loan 3M USD SOFR+ 2.75 % 0.00 % 7.56 % 9/17/2031 693,439 689,349 699,507 Inmar, Inc. Services: Business Term Loan (06/23) Loan 3M USD SOFR+ 5.00 % 1.00 % 9.60 % 10/30/2031 3,308,125 3,228,689 3,312,260 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Innophos, Inc. Chemicals, Plastics, & Rubber Term Loan B Loan 1M USD SOFR+ 3.75 % 0.00 % 8.44 % 2/4/2027 477,500 476,860 474,516 IRB Holding Corporation Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 2.75 % 0.75 % 7.42 % 12/15/2027 492,487 489,079 494,511 Isagenix International, LLC (c) Beverage, Food & Tobacco Term Loan Loan 6M USD SOFR+ 2.50 % 0.00 % 7.15 % 4/13/2028 1,348,264 977,195 235,946 Isolved Inc. Services: Business Term Loan B (11/24) Loan 1M USD SOFR+ 3.25 % 0.00 % 7.84 % 10/15/2030 621,879 616,218 626,356 Jane Street Group Banking, Finance, Insurance & Real Estate Term Loan B (10/24) Loan 3M USD SOFR+ 2.00 % 0.00 % 6.51 % 1/26/2028 3,850,000 3,849,305 3,864,823 Journey Personal Care Corp. Consumer goods: Non-durable Term Loan B Loan 1M USD SOFR+ 4.25 % 0.75 % 9.05 % 3/1/2028 2,902,500 2,862,195 2,905,228 JP Intermediate B, LLC (b) Consumer goods: Non-durable Term Loan 7/23 Loan Prime 6.50 % 1.00 % 14.25 % 11/20/2027 3,413,673 3,401,805 164,300 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 1,447,500 1,446,962 1,381,335 Kodiak BP, LLC Construction & Building Term Loan B2 Loan 1M USD SOFR+ 3.25 % 0.75 % 7.94 % 3/13/2028 482,347 481,620 482,467 Kodiak BP, LLC Construction & Building Term Loan B Loan 1M USD SOFR+ 3.75 % 0.00 % 8.32 % 3/13/2028 497,500 495,285 497,420 Koppers Inc Chemicals, Plastics, & Rubber Term Loan B (04/24) Loan 1M USD SOFR+ 3.00 % 0.50 % 7.62 % 4/10/2030 987,550 962,956 992,488 KREF Holdings X LLC Banking, Finance, Insurance & Real Estate Term Loan (11/21) Loan 3M USD SOFR+ 3.50 % 0.50 % 8.35 % 9/1/2027 482,603 477,180 482,603 Lakeland Tours, LLC (c) Hotel, Gaming & Leisure Holdco Fixed Term Loan Loan Fixed 0.00 % 0.00 % 8.00 % 9/27/2027 1,127,568 653,045 146,584 Latham Pool Products, Inc. Consumer goods: Durable Term Loan 2/22 Loan 3M USD SOFR+ 3.75 % 0.50 % 8.49 % 2/23/2029 994,406 980,719 976,388 Lealand Finance Company B.V. (c) Energy: Oil & Gas Exit Term Loan Loan 1M USD SOFR+ 1.00 % 0.00 % 5.69 % 12/31/2027 363,957 363,957 140,123 LHS BORROWER, LLC Construction & Building Term Loan (02/22) Loan 1M USD SOFR+ 4.75 % 0.50 % 9.42 % 2/16/2029 2,456,567 2,110,430 2,362,407 Issuer Name Industry Asset Name Asset Reference SOFR/LIBOR Floor Current Rate (All In) Maturity Principal/ Cost Fair Lifetime Brands, Inc Consumer goods: Non-durable Term Loan Loan 1M USD SOFR+ 5.50 % 1.00 % 10.24 % 8/26/2027 1,597,089 1,592,497 1,547,180 Liquid Tech Solutions Holdings, LLC Services: Business Term Loan Loan 1M USD SOFR+ 4.75 % 0.75 % 9.55 % 3/17/2028 967,500 965,961 965,081 LOYALTY VENTURES INC. (b) Services: Business Loyalty Ventures Claims Term Loan B Prime 5.50 % 0.50 % 14.00 % 11/3/2027 2,913,525 2,904,521 211,231 LPL Holdings, Inc. Banking, Finance, Insurance & Real Estate Term Loan B1 Loan 1M USD SOFR+ 1.75 % 0.00 % 6.52 % 11/11/2026 1,186,065 1,185,668 1,185,816 LSF11 A5 HOLDCO LLC Chemicals, Plastics, & Rubber Term Loan B (06/24) Loan 1M USD SOFR+ 3.50 % 0.50 % 8.19 % 10/15/2028 1,724,904 1,708,336 1,735,254 LSF11 TRINITY BIDCO INC Aerospace & Defense Term Loan B (06/24) Loan 1M USD SOFR+ 3.50 % 0.00 % 8.09 % 6/14/2030 973,382 961,021 979,466 LSF9 Atlantis Holdings, LLC (A Wireless) Retail Term Loan Extended Loan 3M USD SOFR+ 5.25 % 0.75 % 9.85 % 3/31/2029 2,706,059 2,641,182 2,732,280 Lumen Technologies Inc Telecommunications Term Loan B1 (3/24) Loan 1M USD SOFR+ 2.35 % 2.00 % 7.04 % 4/15/2029 1,612,346 1,611,691 1,506,544 Lumen Technologies Inc Telecommunications Term Loan B2 (3/24) Loan 1M USD SOFR+ 2.35 % 2.00 % 7.04 % 4/15/2030 1,612,346 1,611,682 1,493,435 MAGNITE, INC. Services: Business Term Loan B (09/24) Loan 1M USD SOFR+ 3.75 % 0.00 % 8.32 % 2/6/2031 3,241,875 3,212,215 3,274,294 Marriott Ownership Resorts, Inc. Hotel, Gaming & Leisure Term Loan B (3/24) Loan 1M USD SOFR+ 2.25 % 0.00 % 6.82 % 4/1/2031 1,313,781 1,313,781 1,315,016 Match Group, Inc, The Services: Consumer Term Loan (1/20) Loan 3M USD SOFR+ 1.75 % 0.00 % 6.71 % 2/13/2027 250,000 249,794 249,688 Max US Bidco Inc. Beverage, Food & Tobacco Term Loan B Loan 1M USD SOFR+ 5.00 % 0.50 % 9.57 % 10/3/2030 1,990,000 1,870,928 1,898,460 Mayfield Agency Borrower Inc. (FeeCo) Banking, Finance, Insurance & Real Estate Term Loan B (06/24) Loan 1M USD SOFR+ 3.75 % 0.00 % 8.32 % 2/28/2028 3,415,608 3,345,894 3,435,521 McGraw-Hill Education, Inc. Media: Advertising, Printing & Publishing Term Loan B Loan 3M USD SOFR+ 4.00 % 0.50 % 8.60 % 8/1/2031 1,299,171 1,290,698 1,314,709 MedAssets Software Inter Hldg, Inc. High Tech Industries FINThrive Software Intermediate Holdings Inc. Loan 1M USD SOFR+ 4.00 % 0.50 % 9.36 % 12/18/2028 - 5,230 - Michaels Companies Inc Retail Term Loan B (Magic Mergeco) Loan 3M USD SOFR+ 4.25 % 0.75 % 9.12 % 4/8/2028 2,423,612 2,412,391 1,785,475 Issuer Name Industry Asset Name

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Nov. 30, 2024
Income Taxes [Abstract]
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities, and related valuation allowance as of November 30, 2024 and February 29, 2024 were as follows: November 30, February 29, Total deferred tax assets $ 1,606,915 $ 2,650,580 Total deferred tax liabilities (4,649,058 ) (3,901,995 ) Valuation allowance on net deferred tax assets (1,539,238 ) (2,539,735 ) Net deferred tax liability $ (4,581,381 ) $ (3,791,150 )
Schedule of Federal and State Income Tax Provisions Benefit	Federal and state income tax (provisions) benefit on investments for three months ended November 30, 2024 and November 30, 2023: For the three months ended For the nine months ended November 30, November 30, November 30, November 30, Current Federal $ - $ - $ - $ - State - - - Net current expense - - - - Deferred Federal 86,609 699,986 677,189 661,245 State 76,892 (64,192 ) 113,042 (55,512 ) Net deferred expense 163,501 635,794 790,231 605,733 Net tax provision $ 163,501 $ 635,794 $ 790,231 $ 605,733

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Nov. 30, 2024
Borrowings [Abstract]
Schedule of Credit Facility	During the nine months ended November 30, 2024 and November 30, 2023 the average dollar amount of 8.50% 2028 Notes outstanding was $57.5 million and $47.8 million respectively. Class and Year (1)(2) Total Amount Outstanding Exclusive of Treasury Securities (3) Asset Coverage per Unit (4) Involuntary Liquidating Preference per Share (5) Average Market Value per Share (6) (in thousands) Credit Facility with Encina Lender Finance, LLC Fiscal year 2025 (as of November 30, 2024) $ 32,500 $ 1,601 - 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 November 30, 2024) $ 20,000 $ 1,601 - 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 November 30, 2024) $ 20,000 $ 1,601 - $ 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) Class and Year (1)(2) Total Amount Outstanding Exclusive of Treasury Securities (3) Asset Coverage per Unit (4) Involuntary Liquidating Preference per Share (5) Average Market Value per Share (6) (in thousands) 7.00% Notes due 2025 Fiscal year 2025 (as of November 30, 2024) $ 12,000 $ 1,601 - $ 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) 7.75% Notes due 2025 Fiscal year 2025 (as of November 30, 2024) $ 5,000 $ 1,601 - $ 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 November 30, 2024) $ 175,000 $ 1,601 - $ 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 November 30, 2024) $ 75,000 $ 1,601 - $ 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 November 30, 2024) $ 105,500 $ 1,601 - $ 24.29 (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 November 30, 2024) $ 15,000 $ 1,601 - $ 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 November 30, 2024) $ 46,000 $ 1,601 - $ 25.22 (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 November 30, 2024) $ 60,375 $ 1,601 - $ 25.28 (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 November 30, 2024) $ 57,500 $ 1,601 - $ 25.42 (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)	9 Months Ended
	Nov. 30, 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 November 30, 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 $ 37,000 $ 514,375 $ 72,500 $ 214,000
Schedule of Unfunded Commitments Outstanding	A summary of the unfunded commitments outstanding as of November 30, 2024 and February 29, 2024 is shown in the table below (dollars in thousands): November 30, 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 Saratoga Senior Loan Fund I JV, LLC 8,548 8,548 Sceptre Hospitality Resources, LLC - 5,000 Stretch Zone Franchising, LLC - 3,750 VetnCare MSO, LLC 10,000 10,000 Total $ 75,748 $ 77,696 At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required Alpha Aesthetics Partners OpCo, LLC $ 3,653 $ 6,500 ARC Health OpCo LLC - 2,585 Axero Holdings, LLC - Revolver 500 500 Axiom Medical Consulting, LLC 1,500 2,000 BQE Software, Inc. 2,250 3,250 C2 Educational Systems - 3,000 Cloudpermit Intermediate Holding Company 5,000 - 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 Modis Dental Partners OpCo, LLC 8,900 - Pepper Palace, Inc. - Revolver 600 2,500 Stretch Zone Franchising, LLC 1,500 1,500 VetnCare MSO, LLC 7,319 15,319 Zollege PBC - 150 52,341 54,733 Total $ 128,089 $ 132,429

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Nov. 30, 2024
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: Capital Total Common Stock in Excess Earnings 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 - - - (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 - - - (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 - - - (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 Capital Total Common Stock in Excess Earnings Shares Amount of Par Value (Loss) Net Assets 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 - - - (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 - - - (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 - - - (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 Increase (Decrease) from Operations: Net investment income - - - 12,435,655 12,435,655 Net realized gain (loss) from investments - - - 5,444,745 5,444,745 Net change in unrealized appreciation (depreciation) on investments - - - (8,918,583 ) (8,918,583 ) Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments - - - (126,875 ) (126,875 ) Decrease from Shareholder Distributions: Distributions of investment income - - - (10,171,868 ) (10,171,868 ) Capital Share Transactions: Proceeds from issuance of common stock 108,438 108 2,777,318 - 2,777,426 Capital contribution from Manager - - 199,652 - 199,652 Stock dividend distribution 54,999 55 1,214,181 - 1,214,236 Offering costs - - (42,575 ) - (42,575 ) Balance at November 30, 2024 $ 13,909,206 $ 13,909 $ 377,235,609 $ (2,383,863 ) $ 374,865,655

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 30, 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 nine months ended November 30, 2024 and November 30, 2023 (dollars in thousands except share and per share amounts): For the three months ended For the nine months ended Basic and Diluted November 30, November 30, November 30, November 30, Net increase (decrease) in net assets resulting from operations $ 8,835 $ (4,056 ) $ 28,763 $ 3,627 Weighted average common shares outstanding 13,789,951 13,052,896 13,733,008 12,355,815 Weighted average earnings (loss) per common share $ 0.64 $ (0.31 ) $ 2.09 $ 0.29

Dividend (Tables)

Dividend (Tables)	9 Months Ended
	Nov. 30, 2024
Dividend [Abstract]
Schedule of Dividends Declared	The following table summarizes dividends declared for the nine months ended November 30, 2024 (dollars in thousands except per share amounts): Date Declared Record Date Payment Date Amount Total Amount* November 7, 2024 December 4, 2024 December 19, 2024 $ 1.09 $ 15,549 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 $ 2.57 $ 35,858 * Total amount is calculated based on the number of shares outstanding at the date of record. Date Declared Record Date Payment Date Amount Total Amount* November 15, 2023 December 11, 2023 December 28, 2023 $ 0.72 $ 8,888 August 14, 2023 September 14, 2023 September 28, 2023 0.71 9,287 May 22, 2023 June 13, 2023 June 29, 2023 0.70 8,352 Total dividends declared $ 2.13 $ 26,527 * Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights (Tables)

Financial Highlights (Tables)	9 Months Ended
	Nov. 30, 2024
Investment Company, Financial Highlights [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights as of and for the nine months ended November 30, 2024 and November 30, 2023: Per share data November 30, 2024 November 30, 2023 Net asset value at beginning of period $ 27.12 $ 29.18 Net investment income(1) 3.27 3.57 Net realized and unrealized gain and losses on investments(1) (1.18 ) (3.27 ) Realized losses on extinguishment of debt - (0.01 ) Net increase in net assets resulting from operations 2.09 0.29 Distributions declared from net investment income (2.21 ) (2.10 ) Total distributions to stockholders (2.21 ) (2.10 ) Issuance of common stock at net asset value (2) (0.01 ) (0.30 ) Capital contribution from Manager for the issuance of common stock (14) 0.02 0.36 Repurchases of common stock(3) - 0.03 Dilution(4) (0.06 ) (0.04 ) Net asset value at end of period $ 26.95 $ 27.42 Net assets at end of period $ 374,865,655 $ 359,558,749 Shares outstanding at end of period 13,909,206 13,114,977 Per share market value at end of period $ 25.69 $ 26.21 Total return based on market value(5)(6) 20.19 % 3.62 % Total return based on net asset value(5)(7) 9.77 % 2.35 % Ratio/Supplemental data: Ratio of net investment income to average net assets(8) 17.07 % 17.15 % Expenses: Ratios of operating expenses and income taxes to average net assets*(9) 8.13 % 8.09 % Ratio of incentive management fees to average net assets(5) 3.03 % 1.37 % Ratio of interest and debt financing expenses to average net assets(9) 13.99 % 13.87 % Ratio of total expenses and income taxes to average net assets*(8) 25.15 % 23.33 % Portfolio turnover rate(5)(10) 11.93 % 1.80 % Asset coverage ratio per unit(11) 1,601 1,593 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 $ 24.29 $ 23.34 6.25% Notes Payable 2027(12) N/A N/A 8.00% Notes Payable 2027 $ 25.22 $ 24.93 8.125% Notes Payable 2027 $ 25.28 $ 24.97 8.50% Notes Payable 2028 $ 25.42 $ 25.07 * 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		9 Months Ended
	Oct. 28, 2022	Nov. 30, 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	9 Months Ended	12 Months Ended
	Nov. 30, 2024	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022
Summary of Significant Accounting Policies [Line Items]
Non-accrual fair value (in Dollars)	$ 2.7	$ 18.9
Fair value percentage	0.30%	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] | Control 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] | Control 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 ($)	Nov. 30, 2024	Feb. 29, 2024	Nov. 30, 2023	Feb. 28, 2023
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 147,614,810	$ 8,692,846
Cash and cash equivalents, reserve accounts	102,549,213	31,814,278
Total cash and cash equivalents and cash and cash equivalents, reserve accounts	$ 250,164,023	$ 40,507,124	$ 47,026,499	$ 96,076,273

Investments (Details)

Investments (Details) - USD ($)										1 Months Ended		3 Months Ended				9 Months Ended		12 Months Ended
	Nov. 30, 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	Nov. 30, 2024	Aug. 31, 2024	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024	Jun. 10, 2024	Aug. 09, 2021
Investments [Line Items]
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									$ 500,000,000
Interest income																$ 2,400,000	$ 2,500,000
Dividend income																	4,700,000
Purchased of fair value percentage																87.50%
Investments at fair value	$ 960,093,232	$ 1,138,793,789										$ 960,093,232				$ 960,093,232		$ 1,138,793,789
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												775,398		$ 819,929		$ 2,372,177	2,453,967
Interest income													$ 0		$ 0
Investment principal balance	558,800,000	640,800,000										558,800,000				$ 558,800,000		$ 640,800,000
Weighted average spread percentage																3.70%		3.80%
Percentage of debt weighted average spread																2.30%		2.20%
Cash flows of the subordinated notes	$ 1,300,000	$ 9,500,000										$ 1,300,000				$ 1,300,000		$ 9,500,000
Percentage of discount rate	40%	22%										40%				40%		22%
Total investment	$ 967,342,177	$ 1,179,783,737										$ 967,342,177				$ 967,342,177		$ 1,179,783,737
Received distributions																90,000,000
Management fees												4,412,000		4,857,059		14,161,025	14,262,147
Incentive fees																11,200,000	9,800,000
Debt principal balance																		611,000,000
Class F-R-3 Notes [Member]
Investments [Line Items]
Aggregate principal amount								17,900,000
Notes exchanged																				$ 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
Saratoga Investment Corp. CLO 2013-1, Ltd. [Member]
Investments [Line Items]
Aggregate principal amount								25,000,000
Class F-1-R-3 [Member]
Investments [Line Items]
Realized loss						$ 100,000
Notes exchanged																				8,500,000
Class F-2-R-3 [Member]
Investments [Line Items]
Notes exchanged	9,400,000											9,400,000				9,400,000				$ 9,400,000
Corresponding fair value																1,300,000
Subordinated Debt [Member]
Investments [Line Items]
Aggregate principal amount																		$ 9,500,000
Notes exchanged	111,000,000											111,000,000				111,000,000
Interest income																0	0
Corresponding fair value																4,300,000
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
Secured Overnight Financing Rate [Member]
Investments [Line Items]
Investment description																1M SOFR - The 1-month SOFR rate as of November 30, 2024 was 4.53%.3M SOFR - The 3-month SOFR rate as of November 30, 2024 was 4.47%.6M SOFR - The 6-month SOFR rate as of November 30, 2024 was 4.38%.		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 November 30, 2024 was 7.75%.		Prime - The Prime Rate as of February 29, 2024 was 8.50%.
LIBOR [Member]
Investments [Line Items]
Investment description																		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%.
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
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	16,200,000	15,800,000										16,200,000				16,200,000		15,800,000
Interest income	200,000	200,000										400,000		400,000		1,300,000	1,300,000
Dividend income	0	0										900,000		$ 1,300,000		3,200,000	$ 4,700,000
Unsecured percentage			7%
Collateralized loan obligation trust				$ 402,100,000
LIBOR [Member]
Investments [Line Items]
Investment principal balance	559,200,000											559,200,000				559,200,000
Saratoga CLO [Member]
Investments [Line Items]
Management fees																37,500,000
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	$ 4,800,000	9,400,000										$ 4,800,000				$ 4,800,000		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
Investments at fair value	$ 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 - Investment [Member] - USD ($) $ in Thousands		Nov. 30, 2024	Feb. 29, 2024
Schedule of Investments [Line Items]
Total		$ 960,093	$ 1,138,794
Level 1 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Level 3 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements		955,341	1,129,390
Valued Using Net Asset Value [Member]
Schedule of Investments [Line Items]
Valued Using Net Asset Value	[1]	4,752	9,404
First lien term loans [Member]
Schedule of Investments [Line Items]
Total		833,223	976,423
First lien term loans [Member] | Level 1 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
First lien term loans [Member] | Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
First lien term loans [Member] | Level 3 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements		833,223	976,423
First lien term loans [Member] | Valued Using Net Asset Value [Member]
Schedule of Investments [Line Items]
Valued Using Net Asset Value	[1]
Second lien term loans [Member]
Schedule of Investments [Line Items]
Total		6,140	18,097
Second lien term loans [Member] | Level 1 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Second lien term loans [Member] | Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Second lien term loans [Member] | Level 3 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements		6,140	18,097
Second lien term loans [Member] | Valued Using Net Asset Value [Member]
Schedule of Investments [Line Items]
Valued Using Net Asset Value	[1]
Unsecured term loans [Member]
Schedule of Investments [Line Items]
Total		16,199	15,818
Unsecured term loans [Member] | Level 1 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Unsecured term loans [Member] | Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Unsecured term loans [Member] | Level 3 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements		16,199	15,818
Unsecured term loans [Member] | Valued Using Net Asset Value [Member]
Schedule of Investments [Line Items]
Valued Using Net Asset Value	[1]
Structured finance securities [Member]
Schedule of Investments [Line Items]
Total		17,852	30,626
Structured finance securities [Member] | Level 1 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Structured finance securities [Member] | Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Structured finance securities [Member] | Level 3 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements		17,852	30,626
Structured finance securities [Member] | Valued Using Net Asset Value [Member]
Schedule of Investments [Line Items]
Valued Using Net Asset Value	[1]
Equity interests [Member]
Schedule of Investments [Line Items]
Total		86,679	97,830
Equity interests [Member] | Level 1 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Equity interests [Member] | Level 2 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements
Equity interests [Member] | Level 3 [Member]
Schedule of Investments [Line Items]
Fair Value Measurements		81,927	88,426
Equity interests [Member] | Valued Using Net Asset Value [Member]
Schedule of Investments [Line Items]
Valued Using Net Asset Value	[1]	$ 4,752	$ 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 - Level 3 [Member] - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2024	Nov. 30, 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	4,546	(4,053)
Net accretion of discount on investments	2,182	1,641
Net change in unrealized appreciation (depreciation) on investments	38,392	(34,611)
Purchases	126,276	202,884
Sales and repayments	(296,246)	(19,248)
Net realized gain (loss) from investments	(49,199)	151
Ending Balance	955,341	1,106,247
Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the period	(11,482)	(34,965)
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	1,912	1,147
Net accretion of discount on investments	2,177	1,637
Net change in unrealized appreciation (depreciation) on investments	41,727	(20,102)
Purchases	121,207	194,541
Sales and repayments	(262,551)	(15,865)
Net realized gain (loss) from investments	(47,672)
Ending Balance	833,223	959,892
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	(3,649)	(20,033)
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	8,003	624
Net accretion of discount on investments	5	4
Net change in unrealized appreciation (depreciation) on investments	3,185	(691)
Purchases
Sales and repayments	(23,150)
Net realized gain (loss) from investments
Ending Balance	6,140	14,873
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	3,185	(691)
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	381	341
Purchases
Sales and repayments		(3,383)
Net realized gain (loss) from investments
Ending Balance	16,199	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	381	(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	(5,373)	(5,531)
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	(7,401)	(6,444)
Purchases
Sales and repayments
Net realized gain (loss) from investments
Ending Balance	17,852	29,387
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	(7,401)	(6,444)
Equity Securities [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	4	(293)
Net accretion of discount on investments
Net change in unrealized appreciation (depreciation) on investments	500	(7,715)
Purchases	5,069	8,343
Sales and repayments	(10,545)
Net realized gain (loss) from investments	(1,527)	151
Ending Balance	81,927	84,476
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	$ (3,998)	$ (7,792)

Investments (Details) - Sched_3

Investments (Details) - Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Recurring Level 3 Fair Value Measurements of Assets - Fair Value, Inputs, Level 3 [Member] $ in Thousands		Nov. 30, 2024 USD ($)	Feb. 29, 2024 USD ($)	Nov. 30, 2023 USD ($)	Feb. 28, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		$ 955,341	$ 1,129,390	$ 1,106,247	$ 959,483
First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		833,223	976,423	959,892	798,534
Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		6,140	18,097	14,873	14,936
Unsecured term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		16,199	15,818	17,619	20,661
Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		17,852	30,626	29,387	41,362
Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		81,927	88,426	$ 84,476	$ 83,990
Market Yield [Member] | Market Comparables [Member] | First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		$ 833,223	$ 976,423
Valuation Technique		Market Comparables	Market Comparables
Unobservable Input		Market Yield (%)	Market Yield (%)
Market Yield [Member] | Market Comparables [Member] | First lien term loans [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		10.1	10.6
Range		10.1	10.6
Market Yield [Member] | Market Comparables [Member] | First lien term loans [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		20.5	17.2
Range		20.5	17.2
Market Yield [Member] | Market Comparables [Member] | First lien term loans [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]	12.3	13
Range	[1]	12.3	13
Market Yield [Member] | Market Comparables [Member] | Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		$ 6,140	$ 18,097
Valuation Technique		Market Comparables	Market Comparables
Unobservable Input		Market Yield (%)	Market Yield (%)
Weighted Average		19.5
Range		19.5
Market Yield [Member] | Market Comparables [Member] | Second lien term loans [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average			19
Range			19
Market Yield [Member] | Market Comparables [Member] | Second lien term loans [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average			28.3
Range			28.3
Market Yield [Member] | Market Comparables [Member] | Second lien term loans [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]	19.5	25.5
Range	[1]	19.5	25.5
Revenue Multiples [Member] | Market Comparables [Member] | First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Revenue Multiples (x)	Revenue Multiples (x)
Weighted Average		2.5
Range		2.5
Revenue Multiples [Member] | Market Comparables [Member] | First lien term loans [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average			4.6
Range			4.6
Revenue Multiples [Member] | Market Comparables [Member] | First lien term loans [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average			9.4
Range			9.4
Revenue Multiples [Member] | Market Comparables [Member] | First lien term loans [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]
Range	[1]
Revenue Multiples [Member] | Market Comparables [Member] | Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input			EBITDA Multiples (x)
Weighted Average			7
Range			7
Revenue Multiples [Member] | Market Comparables [Member] | Second lien term loans [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]
Range	[1]
Revenue Multiples [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		$ 81,927
Valuation Technique		Enterprise Value Waterfall
Unobservable Input		Revenue Multiples (x)	Revenue Multiples (x)
Revenue Multiples [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		0.1	1.3
Range		0.1	1.3
Revenue Multiples [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		9.4	10.4
Range		9.4	10.4
Revenue Multiples [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]
Range	[1]
Third-party Bid [Member] | Market Comparables [Member] | First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Third-party Bid (x)	Third-party bid (x)
Weighted Average		8
Range		8
Third-party Bid [Member] | Market Comparables [Member] | First lien term loans [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average			3.9
Range			3.9
Third-party Bid [Member] | Market Comparables [Member] | First lien term loans [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average			4.2
Range			4.2
Third-party Bid [Member] | Market Comparables [Member] | First lien term loans [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]
Range	[1]
Third-party Bid [Member] | Market Comparables [Member] | Second lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input			Third-party bid (x)
Weighted Average			29.7
Range			29.7
Third-party Bid [Member] | Market Comparables [Member] | Second lien term loans [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]
Range	[1]
Third-party Bid [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input			Third-party bid (x)
Weighted Average			3.9
Range			3.9
Third-party Bid [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]
Range	[1]
Discount Rate [Member] | Discounted Cash Flow [Member] | Unsecured term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		$ 16,199	$ 15,818
Valuation Technique		Discounted Cash Flow	Discounted Cash Flow
Unobservable Input		Discount Rate (%)	Discount Rate (%)
Weighted Average		10.5	10.5
Range		10.5	10.5
Discount Rate [Member] | Discounted Cash Flow [Member] | Unsecured term loans [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]	10.5	10.5
Range	[1]	10.5	10.5
Discount Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)		$ 17,852	$ 30,626
Valuation Technique		Discounted Cash Flow	Discounted Cash Flow
Unobservable Input		Discount Rate (%)	Discount Rate (%)
Discount Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		8.5	8.5
Range		8.5	8.5
Discount Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		40	22
Range		40	22
Discount Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]	14.9	15.1
Range	[1]	14.9	15.1
Recovery Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Recovery Rate (%)	Recovery Rate (%)
Recovery Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		35	35
Range		35	35
Recovery Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		70	70
Range		70	70
Recovery Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]	61.5	70
Range	[1]	61.5	70
Prepayment Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input		Prepayment Rate (%)	Prepayment Rate (%)
Weighted Average		20	20
Range		20	20
Prepayment Rate [Member] | Discounted Cash Flow [Member] | Structured finance securities [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]	20	20
Range	[1]	20	20
EBITDA Multiples [Member] | Market Comparables [Member] | First lien term loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Input			EBITDA Multiples (x)
EBITDA Multiples [Member] | Market Comparables [Member] | First lien term loans [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average			5
Range			5
EBITDA Multiples [Member] | Market Comparables [Member] | First lien term loans [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average			6
Range			6
EBITDA Multiples [Member] | Market Comparables [Member] | First lien term loans [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]
Range	[1]
EBITDA Multiples [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value (in Dollars)			$ 88,426
Valuation Technique			Enterprise Value Waterfall
Unobservable Input		EBITDA Multiples (x)	EBITDA Multiples (x)
EBITDA Multiples [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		1	4.7
Range		1	4.7
EBITDA Multiples [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average		21.9	20.4
Range		21.9	20.4
EBITDA Multiples [Member] | Enterprise Value Waterfall [Member] | Equity interests [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average	[1]
Range	[1]
[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 ($)	Nov. 30, 2024	Feb. 29, 2024
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 967,342,177	$ 1,179,783,737
Amortized Cost Percentage of Total Portfolio	100%	100%
Investments at Fair Value	$ 960,093,232	$ 1,138,793,789
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	$ 834,750,000	$ 1,019,678,000
Amortized Cost Percentage of Total Portfolio	86.30%	86.40%
Investments at Fair Value	$ 833,223,000	$ 976,423,000
Fair Value Percentage of Total Portfolio	86.80%	85.70%
Second lien term loans [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 6,827,000	$ 21,968,000
Amortized Cost Percentage of Total Portfolio	0.70%	1.90%
Investments at Fair Value	$ 6,140,000	$ 18,097,000
Fair Value Percentage of Total Portfolio	0.60%	1.60%
Unsecured term loans [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 17,619,000	$ 17,619,000
Amortized Cost Percentage of Total Portfolio	3.90%	1.50%
Investments at Fair Value	$ 16,199,000	$ 15,818,000
Fair Value Percentage of Total Portfolio	1.70%	1.40%
Structured finance securities [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 37,396,000	$ 42,769,000
Amortized Cost Percentage of Total Portfolio	1.80%	3.60%
Investments at Fair Value	$ 17,852,000	$ 30,626,000
Fair Value Percentage of Total Portfolio	1.90%	2.70%
Equity interests [Member]
Schedule of Amortized Cost and Fair Value [Line Items]
Investments at Amortized Cost	$ 70,750,000	$ 77,750,000
Amortized Cost Percentage of Total Portfolio	7.30%	6.60%
Investments at Fair Value	$ 86,679,000	$ 97,830,000
Fair Value Percentage of Total Portfolio	9%	8.60%

Investment in Saratoga CLO (Det

Investment in Saratoga CLO (Details) - Schedule of Statements of Assets and Liabilities - Saratoga CLO [Member] - USD ($)	Nov. 30, 2024	Feb. 29, 2024
Investments at fair value
Investments at fair value	$ 525,731,937	$ 607,551,774
Cash and cash equivalents	26,917,052	12,104,832
Receivable from open trades	1,684,753	2,865,174
Interest receivable (net of reserve of $605,564 and $615,604, respectively)	3,038,940	3,402,471
Due from affiliate	57,001	3,953
Prepaid expenses and other assets	119,457	205,400
Total assets	557,549,140	626,133,604
LIABILITIES
Interest payable	4,351,257	5,043,712
Payable from open trades	1,685,480	10,519,573
Accrued base management fee	65,474	68,605
Accrued subordinated management fee	261,895	274,418
Accounts payable and accrued expenses	141,542	84,199
Saratoga Investment Corp. CLO 2013-1, Ltd. Notes:
Deferred debt financing costs	(1,266,542)	(1,707,224)
Subordinated Notes	111,000,000	111,000,000
Discount on Subordinated Notes	(33,185,548)	(36,164,988)
Total liabilities	639,980,675	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)	(82,431,785)	(71,478,243)
Total net deficit	(82,431,535)	(71,477,993)
Total liabilities and net assets	557,549,140	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	305,727,301
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
Discount	(201,967)	(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
Discount	(2,098,217)	(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
Loans at fair value [Member]
Investments at fair value
Investments at fair value	523,822,494	606,531,189
Equities at fair value [Member]
Investments at fair value
Investments at fair value	$ 1,909,443	$ 1,020,585

Investment in Saratoga CLO (D_2

Investment in Saratoga CLO (Details) - Schedule of Statements of Assets and Liabilities (Parentheticals) - Saratoga CLO [Member] - USD ($)	Nov. 30, 2024	Feb. 29, 2024
Condensed Balance Sheet Statements, Captions [Line Items]
Amortized cost investments at fair value	$ 551,522,106	$ 630,995,710
Net of reserve	$ 605,564	$ 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
Loans at fair value [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Amortized cost investments at fair value	$ 548,610,503	$ 629,345,724
Equities at fair value [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Amortized cost investments at fair value	$ 2,911,603	$ 1,649,986

Investment in Saratoga CLO (D_3

Investment in Saratoga CLO (Details) - Schedule of Consolidated Statements of Operations - Saratoga CLO [Member] - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
INVESTMENT INCOME
Total interest from investments	$ 13,342,306	$ 15,599,943	$ 43,995,503	$ 46,240,246
Interest from cash and cash equivalents	289,869	139,759	853,765	480,995
Other income	124,901	286,607	1,225,297	756,831
Total investment income	13,757,076	16,026,309	46,074,565	47,478,072
EXPENSES
Interest and debt financing expenses	13,408,313	14,644,320	42,605,821	43,349,057
Base management fee	775,398	163,985	1,094,754	490,793
Subordinated management fee		655,943	1,277,423	1,963,174
Professional fees	79,709	87,540	222,005	260,431
Trustee expenses	64,157	64,554	187,635	193,588
Other expense	66,339	50,330	242,902	190,215
Total expenses	14,393,916	15,666,672	45,630,540	46,447,258
NET INVESTMENT INCOME (LOSS)	(636,840)	359,637	444,025	1,030,814
REALIZED AND UNREALIZED LOSS ON INVESTMENTS
Net realized loss from investments	(1,278,236)	(6,298,909)	(8,472,121)	(9,048,743)
Net change in unrealized depreciation on investments	(1,626,867)	(313,230)	(2,346,233)	2,702,275
Net realized and unrealized gain (loss) on investments	(2,905,103)	(6,612,139)	(10,818,354)	(6,346,468)
Realized losses on extinguishment of debt			(579,213)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$ (3,541,943)	$ (6,252,502)	$ (10,953,542)	$ (5,315,654)

Investment in Saratoga CLO (D_4

Investment in Saratoga CLO (Details) - Schedule of Investments - Saratoga Investment Corp. CLO 2013-1, Ltd. [Member] - USD ($)		Nov. 30, 2024		Feb. 29, 2024
Investment, Identifier [Axis]: 1011778 B.C Unltd Liability Co - Beverage, Food & Tobacco - Term Loan B (09/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.58%
Maturity Date				Sep. 12, 2030
Principal/ Number of Shares (in Shares)				1,447,500
Cost (in Dollars)				$ 1,427,292
Fair Value (in Dollars)				$ 1,440,002
Investment, Identifier [Axis]: 1011778 B.C Unltd Liability Co - Beverage, Food & Tobacco - Term Loan B6 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.32%
Maturity Date		Sep. 20, 2030
Principal/ Number of Shares (in Shares)		1,440,272
Cost (in Dollars)		$ 1,422,144
Fair Value (in Dollars)		$ 1,437,391
Investment, Identifier [Axis]: 19TH HOLDINGS GOLF, LLC - Consumer goods: Durable - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.99%		8.67%
Maturity Date		Feb. 07, 2029		Feb. 07, 2029
Principal/ Number of Shares (in Shares)		2,454,811		2,473,646
Cost (in Dollars)		$ 2,376,785		$ 2,383,742
Fair Value (in Dollars)		$ 2,396,510		$ 2,416,950
Investment, Identifier [Axis]: 888 Acquisitions Limited - Hotel, Gaming & Leisure - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.50%		10.82%
Maturity Date		Jul. 08, 2028		Jul. 08, 2028
Principal/ Number of Shares (in Shares)		3,052,566		2,472,826
Cost (in Dollars)		$ 2,796,616		$ 2,173,473
Fair Value (in Dollars)		$ 2,930,463		$ 2,418,745
Investment, Identifier [Axis]: AHEAD DB Holdings, LLC - Services: Business - Term Loan (04/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.20%
Maturity Date				Oct. 18, 2027
Principal/ Number of Shares (in Shares)				2,925,000
Cost (in Dollars)				$ 2,856,780
Fair Value (in Dollars)				$ 2,914,031
Investment, Identifier [Axis]: AHEAD DB Holdings, LLC - Services: Business - Term Loan B3 (07/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.10%
Maturity Date		Feb. 01, 2031
Principal/ Number of Shares (in Shares)		2,902,931
Cost (in Dollars)		$ 2,843,841
Fair Value (in Dollars)		$ 2,923,629
Investment, Identifier [Axis]: AIS HoldCo, LLC - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5%
SOFR/LIBOR Floor				0%
Current Rate (All In)				10.57%
Maturity Date				Aug. 15, 2025
Principal/ Number of Shares (in Shares)				4,551,925
Cost (in Dollars)				$ 4,499,117
Fair Value (in Dollars)				$ 4,392,607
Investment, Identifier [Axis]: AIT Worldwide Logistics Holdings, Inc. - Transportation: Cargo - Term Loan (04/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.17%
Maturity Date				Apr. 06, 2028
Principal/ Number of Shares (in Shares)				2,474,684
Cost (in Dollars)				$ 2,334,728
Fair Value (in Dollars)				$ 2,471,590
Investment, Identifier [Axis]: AIT Worldwide Logistics Holdings, Inc. - Transportation: Cargo - Term Loan B (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.48%
Maturity Date		Apr. 05, 2030
Principal/ Number of Shares (in Shares)		2,455,696
Cost (in Dollars)		$ 2,336,935
Fair Value (in Dollars)		$ 2,475,145
Investment, Identifier [Axis]: ANI Pharmaceuticals, Inc. - Healthcare & Pharmaceuticals - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				6%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				11.44%
Maturity Date				Nov. 19, 2027
Principal/ Number of Shares (in Shares)				2,940,000
Cost (in Dollars)				$ 2,901,304
Fair Value (in Dollars)				$ 2,940,000
Investment, Identifier [Axis]: AP Core Holdings II LLC - High Tech Industries - Term Loan B1 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.94%
Maturity Date				Sep. 01, 2027
Principal/ Number of Shares (in Shares)				1,775,000
Cost (in Dollars)				$ 1,757,513
Fair Value (in Dollars)				$ 1,734,317
Investment, Identifier [Axis]: AP Core Holdings II LLC - High Tech Industries - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.19%		10.94%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares (in Shares)		1,699,981		500,000
Cost (in Dollars)		$ 1,686,320		$ 495,081
Fair Value (in Dollars)		$ 1,655,782		$ 487,320
Investment, Identifier [Axis]: AP Core Holdings II LLC - High Tech Industries - Term Loan B2 - Loan One
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.19%
Maturity Date		Sep. 01, 2027
Principal/ Number of Shares (in Shares)		500,000
Cost (in Dollars)		$ 495,988
Fair Value (in Dollars)		$ 485,730
Investment, Identifier [Axis]: APEX GROUP TREASURY LLC - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.32%
Maturity Date				Jul. 26, 2028
Principal/ Number of Shares (in Shares)				495,000
Cost (in Dollars)				$ 468,246
Fair Value (in Dollars)				$ 494,381
Investment, Identifier [Axis]: APEX GROUP TREASURY LLC - Banking, Finance, Insurance & Real Estate - Term Loan B (07/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.08%
Maturity Date		Jul. 27, 2028
Principal/ Number of Shares (in Shares)		491,269
Cost (in Dollars)		$ 468,492
Fair Value (in Dollars)		$ 495,774
Investment, Identifier [Axis]: ARC FALCON I INC. - Chemicals, Plastics, & Rubber - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.17%		8.93%
Maturity Date		Sep. 23, 2028		Sep. 23, 2028
Principal/ Number of Shares (in Shares)		973,774		981,274
Cost (in Dollars)		$ 971,828		$ 978,810
Fair Value (in Dollars)		$ 980,902		$ 972,550
Investment, Identifier [Axis]: ARCIS GOLF LLC - Services: Consumer - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.44%		9.19%
Maturity Date		Nov. 24, 2028		Nov. 24, 2028
Principal/ Number of Shares (in Shares)		494,245		497,980
Cost (in Dollars)		$ 490,303		$ 493,335
Fair Value (in Dollars)		$ 497,952		$ 498,602
Investment, Identifier [Axis]: ATHENAHEALTH GROUP INC. - Healthcare & Pharmaceuticals - Term Loan B (2/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.82%		8.58%
Maturity Date		Feb. 15, 2029		Feb. 15, 2029
Principal/ Number of Shares (in Shares)		1,307,142		1,317,171
Cost (in Dollars)		$ 1,303,688		$ 1,313,077
Fair Value (in Dollars)		$ 1,310,410		$ 1,304,619
Investment, Identifier [Axis]: AZURITY PHARMACEUTICALS, INC. - Healthcare & Pharmaceuticals - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		6.62%		6.62%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		11.49%		12.06%
Maturity Date		Sep. 20, 2027		Sep. 20, 2027
Principal/ Number of Shares (in Shares)		431,250		450,000
Cost (in Dollars)		$ 424,125		$ 440,909
Fair Value (in Dollars)		$ 419,391		$ 445,500
Investment, Identifier [Axis]: Adtalem Global Education Inc. - Services: Business - Term Loan B (08/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		7.32%
Maturity Date		Aug. 12, 2028
Principal/ Number of Shares (in Shares)		582,329
Cost (in Dollars)		$ 579,025
Fair Value (in Dollars)		$ 585,240
Investment, Identifier [Axis]: Adtalem Global Education Inc. - Services: Business - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.83%
Maturity Date				Aug. 12, 2028
Principal/ Number of Shares (in Shares)				582,329
Cost (in Dollars)				$ 578,482
Fair Value (in Dollars)				$ 583,423
Investment, Identifier [Axis]: Aegis Sciences Corporation - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.28%		11.08%
Maturity Date		May 09, 2025		May 09, 2025
Principal/ Number of Shares (in Shares)		2,277,447		2,308,370
Cost (in Dollars)		$ 2,275,329		$ 2,303,734
Fair Value (in Dollars)		$ 1,408,214		$ 2,206,410
Investment, Identifier [Axis]: Agiliti Health Inc. - Healthcare & Pharmaceuticals - Term Loan B (03/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.26%		8.33%
Maturity Date		May 01, 2030		May 01, 2030
Principal/ Number of Shares (in Shares)		2,159,600		1,674,704
Cost (in Dollars)		$ 2,145,396		$ 1,662,945
Fair Value (in Dollars)		$ 2,123,167		$ 1,668,424
Investment, Identifier [Axis]: Air Canada - Transportation: Consumer - Term Loan B (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.75%
Maturity Date		Mar. 21, 2031
Principal/ Number of Shares (in Shares)		995,000
Cost (in Dollars)		$ 992,585
Fair Value (in Dollars)		$ 996,423
Investment, Identifier [Axis]: Air Canada - Transportation: Consumer - Term Loan B (07/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.93%
Maturity Date				Aug. 11, 2028
Principal/ Number of Shares (in Shares)				1,970,000
Cost (in Dollars)				$ 1,853,394
Fair Value (in Dollars)				$ 1,970,276
Investment, Identifier [Axis]: Alchemy US Holdco 1, LLC - Metals & Mining - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				7.32%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.42%
Maturity Date				Oct. 10, 2025
Principal/ Number of Shares (in Shares)				1,654,803
Cost (in Dollars)				$ 1,647,646
Fair Value (in Dollars)				$ 1,646,943
Investment, Identifier [Axis]: AlixPartners, LLP - Banking, Finance, Insurance & Real Estate - Term Loan B (01/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.19%		7.94%
Maturity Date		Feb. 04, 2028		Feb. 04, 2028
Principal/ Number of Shares (in Shares)		241,249		243,125
Cost (in Dollars)		$ 241,115		$ 242,907
Fair Value (in Dollars)		$ 242,557		$ 243,064
Investment, Identifier [Axis]: Alkermes, Inc. - Healthcare & Pharmaceuticals - Term Loan B (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.19%		7.93%
Maturity Date		Mar. 12, 2026		Mar. 12, 2026
Principal/ Number of Shares (in Shares)		2,088,347		2,104,577
Cost (in Dollars)		$ 2,082,135		$ 2,095,205
Fair Value (in Dollars)		$ 2,090,957		$ 2,101,947
Investment, Identifier [Axis]: Allen Media, LLC - Media: Diversified & Production - Term Loan (7/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.25%		11%
Maturity Date		Feb. 10, 2027		Feb. 10, 2027
Principal/ Number of Shares (in Shares)		4,315,175		4,349,069
Cost (in Dollars)		$ 4,299,517		$ 4,329,175
Fair Value (in Dollars)		$ 2,807,021		$ 3,803,870
Investment, Identifier [Axis]: Alliant Holdings Intermediate, LLC - Banking, Finance, Insurance & Real Estate - Term Loan (12/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.82%
Maturity Date				Nov. 06, 2030
Principal/ Number of Shares (in Shares)				803,044
Cost (in Dollars)				$ 802,787
Fair Value (in Dollars)				$ 803,197
Investment, Identifier [Axis]: Alliant Holdings Intermediate, LLC - Banking, Finance, Insurance & Real Estate - Term Loan B6 (09/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.35%
Maturity Date		Sep. 19, 2031
Principal/ Number of Shares (in Shares)		799,019
Cost (in Dollars)		$ 799,019
Fair Value (in Dollars)		$ 803,517
Investment, Identifier [Axis]: Allied Universal Holdco LLC - Services: Business - Term Loan 4/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.42%		9.18%
Maturity Date		May 12, 2028		May 12, 2028
Principal/ Number of Shares (in Shares)		1,940,000		1,955,000
Cost (in Dollars)		$ 1,934,896		$ 1,948,856
Fair Value (in Dollars)		$ 1,952,125		$ 1,945,948
Investment, Identifier [Axis]: Alterra Mountain Company (Intrawest Resort Holdings) - Hotel, Gaming & Leisure - First Lien Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.57%
Maturity Date		May 31, 2030
Principal/ Number of Shares (in Shares)		249,375
Cost (in Dollars)		$ 249,375
Fair Value (in Dollars)		$ 251,245
Investment, Identifier [Axis]: Alterra Mountain Company (Intrawest Resort Holdings) - Hotel, Gaming & Leisure - Term Loan B Add-on - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.07%
Maturity Date				May 31, 2030
Principal/ Number of Shares (in Shares)				250,000
Cost (in Dollars)				$ 250,000
Fair Value (in Dollars)				$ 250,000
Investment, Identifier [Axis]: Altisource Solutions S.a r.l. (c) - Banking, Finance, Insurance & Real Estate - Term Loan B (03/18) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	5%		5%
SOFR/LIBOR Floor	[1]	1%		1%
Current Rate (All In)	[1]	9.70%		10.45%
Maturity Date	[1]	Apr. 30, 2025		Apr. 30, 2025
Principal/ Number of Shares (in Shares)	[1]	1,143,064		1,110,821
Cost (in Dollars)	[1]	$ 1,143,280		$ 1,110,656
Fair Value (in Dollars)	[1]	$ 514,379		$ 877,549
Investment, Identifier [Axis]: Altisource Solutions S.a r.l. - Banking, Finance, Insurance & Real Estate - Common Stock - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		15,981		15,981
Fair Value (in Dollars)		$ 14,223		$ 44,587
Investment, Identifier [Axis]: Altium Packaging LLC - Containers, Packaging & Glass - Term Loan (01/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.19%
Maturity Date				Jan. 29, 2028
Principal/ Number of Shares (in Shares)				486,250
Cost (in Dollars)				$ 484,910
Fair Value (in Dollars)				$ 483,819
Investment, Identifier [Axis]: Altium Packaging LLC - Containers, Packaging & Glass - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.07%
Maturity Date		Jun. 11, 2031
Principal/ Number of Shares (in Shares)		483,788
Cost (in Dollars)		$ 482,610
Fair Value (in Dollars)		$ 482,781
Investment, Identifier [Axis]: AmWINS Group, LLC - Banking, Finance, Insurance & Real Estate - Term Loan 2/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		6.94%		7.69%
Maturity Date		Feb. 17, 2028		Feb. 17, 2028
Principal/ Number of Shares (in Shares)		1,925,038		1,940,029
Cost (in Dollars)		$ 1,911,926		$ 1,924,089
Fair Value (in Dollars)		$ 1,932,257		$ 1,930,484
Investment, Identifier [Axis]: Amer Sports Oyj (MASCOT BIDCO OY) - Consumer goods: Durable - USD Term Loan B (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.24%		8.58%
Maturity Date		Feb. 17, 2031		Feb. 07, 2031
Principal/ Number of Shares (in Shares)		349,125		500,000
Cost (in Dollars)		$ 347,589		$ 497,525
Fair Value (in Dollars)		$ 352,180		$ 499,375
Investment, Identifier [Axis]: American Axle & Manufacturing Inc. - Automotive - Term Loan (12/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.62%		8.92%
Maturity Date		Dec. 13, 2029		Dec. 13, 2029
Principal/ Number of Shares (in Shares)		480,000		480,000
Cost (in Dollars)		$ 468,818		$ 467,515
Fair Value (in Dollars)		$ 481,800		$ 479,798
Investment, Identifier [Axis]: American Greetings Corporation - Media: Advertising, Printing & Publishing - Term Loan (01/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				6%
SOFR/LIBOR Floor				1%
Current Rate (All In)				11.33%
Maturity Date				Apr. 05, 2028
Principal/ Number of Shares (in Shares)				2,982,733
Cost (in Dollars)				$ 2,981,076
Fair Value (in Dollars)				$ 2,983,478
Investment, Identifier [Axis]: American Greetings Corporation - Media: Advertising, Printing & Publishing - Term Loan B (04/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		10.32%
Maturity Date		Oct. 30, 2029
Principal/ Number of Shares (in Shares)		2,945,449
Cost (in Dollars)		$ 2,944,082
Fair Value (in Dollars)		$ 2,963,121
Investment, Identifier [Axis]: American Trailer World Corp - Automotive - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.42%		9.18%
Maturity Date		Mar. 03, 2028		Mar. 03, 2028
Principal/ Number of Shares (in Shares)		1,357,439		1,357,439
Cost (in Dollars)		$ 1,356,452		$ 1,355,695
Fair Value (in Dollars)		$ 1,162,307		$ 1,323,788
Investment, Identifier [Axis]: Anastasia Parent LLC - Consumer goods: Non-durable - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.62%		9.36%
Maturity Date		Aug. 11, 2025		Aug. 11, 2025
Principal/ Number of Shares (in Shares)		940,000		947,500
Cost (in Dollars)		$ 939,214		$ 946,257
Fair Value (in Dollars)		$ 605,125		$ 681,859
Investment, Identifier [Axis]: Anchor Packaging, LLC - Containers, Packaging & Glass - Term Loan (4/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.44%
Maturity Date		Jul. 18, 2029
Principal/ Number of Shares (in Shares)		1,949,282
Cost (in Dollars)		$ 1,932,103
Fair Value (in Dollars)		$ 1,959,730
Investment, Identifier [Axis]: Anchor Packaging, LLC - Containers, Packaging & Glass - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.93%
Maturity Date				Jul. 18, 2026
Principal/ Number of Shares (in Shares)				1,959,296
Cost (in Dollars)				$ 1,939,016
Fair Value (in Dollars)				$ 1,955,632
Investment, Identifier [Axis]: Apollo Commercial Real Estate Finance, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.44%		8.19%
Maturity Date		May 15, 2026		May 15, 2026
Principal/ Number of Shares (in Shares)		2,885,787		2,908,629
Cost (in Dollars)		$ 2,873,078		$ 2,890,508
Fair Value (in Dollars)		$ 2,878,572		$ 2,857,728
Investment, Identifier [Axis]: Apollo Commercial Real Estate Finance, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B1 (2/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.19%		8.94%
Maturity Date		Mar. 06, 2028		Mar. 06, 2028
Principal/ Number of Shares (in Shares)		965,000		972,500
Cost (in Dollars)		$ 959,761		$ 966,275
Fair Value (in Dollars)		$ 955,350		$ 943,325
Investment, Identifier [Axis]: AppLovin Corporation - High Tech Industries - Term Loan (08/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.43%
Maturity Date				Aug. 15, 2030
Principal/ Number of Shares (in Shares)				969,617
Cost (in Dollars)				$ 969,617
Fair Value (in Dollars)				$ 970,374
Investment, Identifier [Axis]: AppLovin Corporation - High Tech Industries - Term Loan (10/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.43%
Maturity Date				Oct. 21, 2028
Principal/ Number of Shares (in Shares)				1,473,750
Cost (in Dollars)				$ 1,471,272
Fair Value (in Dollars)				$ 1,474,207
Investment, Identifier [Axis]: AppLovin Corporation - High Tech Industries - Term Loan B (3/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.25%
Maturity Date		Oct. 25, 2028
Principal/ Number of Shares (in Shares)		1,466,381
Cost (in Dollars)		$ 1,464,622
Fair Value (in Dollars)		$ 1,465,853
Investment, Identifier [Axis]: AppLovin Corporation - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.19%
Maturity Date		Aug. 19, 2030
Principal/ Number of Shares (in Shares)		964,769
Cost (in Dollars)		$ 964,769
Fair Value (in Dollars)		$ 964,943
Investment, Identifier [Axis]: AqGen Ascensus, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.19%		8.94%
Maturity Date		Aug. 02, 2028		Aug. 02, 2028
Principal/ Number of Shares (in Shares)		496,075		500,000
Cost (in Dollars)		$ 492,900		$ 496,312
Fair Value (in Dollars)		$ 499,176		$ 496,375
Investment, Identifier [Axis]: Aramark Services, Inc. - Services: Consumer - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.44%		7.19%
Maturity Date		Jan. 15, 2027		Jan. 15, 2027
Principal/ Number of Shares (in Shares)		2,331,250		2,331,250
Cost (in Dollars)		$ 2,302,315		$ 2,292,785
Fair Value (in Dollars)		$ 2,331,973		$ 2,324,699
Investment, Identifier [Axis]: Aramark Services, Inc. - Services: Consumer - Term Loan B (4/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.94%
Maturity Date				Apr. 01, 2028
Principal/ Number of Shares (in Shares)				1,753,715
Cost (in Dollars)				$ 1,748,558
Fair Value (in Dollars)				$ 1,750,436
Investment, Identifier [Axis]: Aramark Services, Inc. - Services: Consumer - Term Loan B7 (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.57%
Maturity Date		Apr. 06, 2028
Principal/ Number of Shares (in Shares)		1,753,715
Cost (in Dollars)		$ 1,749,408
Fair Value (in Dollars)		$ 1,758,380
Investment, Identifier [Axis]: Arches Buyer Inc. - Services: Consumer - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.68%
Maturity Date				Dec. 06, 2027
Principal/ Number of Shares (in Shares)				1,469,697
Cost (in Dollars)				$ 1,463,299
Fair Value (in Dollars)				$ 1,405,398
Investment, Identifier [Axis]: Aretec Group, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.93%
Maturity Date				Aug. 09, 2030
Principal/ Number of Shares (in Shares)				2,642,718
Cost (in Dollars)				$ 2,627,451
Fair Value (in Dollars)				$ 2,651,650
Investment, Identifier [Axis]: Aretec Group, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B 2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.57%
Maturity Date		Aug. 09, 2030
Principal/ Number of Shares (in Shares)		2,622,898
Cost (in Dollars)		$ 2,609,234
Fair Value (in Dollars)		$ 2,637,979
Investment, Identifier [Axis]: Aspire Bakeries Holdings, LLC
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.82%
Maturity Date		Dec. 23, 2030
Principal/ Number of Shares (in Shares)		895,500
Cost (in Dollars)		$ 887,468
Fair Value (in Dollars)		$ 899,978
Investment, Identifier [Axis]: Aspire Bakeries Holdings, LLC - Beverage, Food & Tobacco - Term loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.57%
Maturity Date				Dec. 13, 2030
Principal/ Number of Shares (in Shares)				900,000
Cost (in Dollars)				$ 891,160
Fair Value (in Dollars)				$ 900,000
Investment, Identifier [Axis]: Asplundh Tree Expert, LLC - Services: Business - Term Loan 2/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.18%
Maturity Date				Sep. 07, 2027
Principal/ Number of Shares (in Shares)				967,500
Cost (in Dollars)				$ 965,030
Fair Value (in Dollars)				$ 966,068
Investment, Identifier [Axis]: AssuredPartners Capital, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B (2/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.94%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares (in Shares)				979,592
Cost (in Dollars)				$ 977,377
Fair Value (in Dollars)				$ 979,866
Investment, Identifier [Axis]: Assuredpartners Inc. - Banking, Finance, Insurance & Real Estate - Incremental Term Loan (7/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.94%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares (in Shares)				975,000
Cost (in Dollars)				$ 975,000
Fair Value (in Dollars)				$ 975,000
Investment, Identifier [Axis]: Assuredpartners Inc. - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.83%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares (in Shares)				491,250
Cost (in Dollars)				$ 490,654
Fair Value (in Dollars)				$ 491,250
Investment, Identifier [Axis]: Assuredpartners Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B5 (02/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.07%
Maturity Date		Feb. 14, 2031
Principal/ Number of Shares (in Shares)		1,293,500
Cost (in Dollars)		$ 1,291,978
Fair Value (in Dollars)		$ 1,301,662
Investment, Identifier [Axis]: Asurion, LLC - Banking, Finance, Insurance & Real Estate - Term Loan B10 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.67%		9.43%
Maturity Date		Aug. 19, 2028		Aug. 19, 2028
Principal/ Number of Shares (in Shares)		1,960,000		1,975,000
Cost (in Dollars)		$ 1,891,862		$ 1,895,414
Fair Value (in Dollars)		$ 1,962,038		$ 1,957,719
Investment, Identifier [Axis]: Asurion, LLC - Banking, Finance, Insurance & Real Estate - Term Loan B12 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.82%
Maturity Date		Sep. 19, 2030
Principal/ Number of Shares (in Shares)		2,919,478
Cost (in Dollars)		$ 2,915,698
Fair Value (in Dollars)		$ 2,915,215
Investment, Identifier [Axis]: Asurion, LLC - Banking, Finance, Insurance & Real Estate - Term Loan B8 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.69%
Maturity Date				Dec. 18, 2026
Principal/ Number of Shares (in Shares)				2,934,604
Cost (in Dollars)				$ 2,928,879
Fair Value (in Dollars)				$ 2,915,442
Investment, Identifier [Axis]: Avolon TLB Borrower 1 (US) LLC - Capital Equipment - Term Loan B6 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.36%		7.32%
Maturity Date		Jun. 22, 2030		Jun. 22, 2028
Principal/ Number of Shares (in Shares)		1,472,622		1,483,750
Cost (in Dollars)		$ 1,427,186		$ 1,429,872
Fair Value (in Dollars)		$ 1,472,210		$ 1,483,038
Investment, Identifier [Axis]: Axalta Coating Systems US Holdings - Chemicals, Plastics, & Rubber - Term Loan B (08/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.85%
Maturity Date				Dec. 20, 2029
Principal/ Number of Shares (in Shares)				867,888
Cost (in Dollars)				$ 860,595
Fair Value (in Dollars)				$ 868,183
Investment, Identifier [Axis]: Axalta Coating Systems US Holdings - Chemicals, Plastics, & Rubber - Term Loan B (11/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		6.27%
Maturity Date		Dec. 20, 2029
Principal/ Number of Shares (in Shares)		851,048
Cost (in Dollars)		$ 844,586
Fair Value (in Dollars)		$ 853,712
Investment, Identifier [Axis]: B&G Foods, Inc. - Beverage, Food & Tobacco - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.83%
Maturity Date				Oct. 10, 2026
Principal/ Number of Shares (in Shares)				556,042
Cost (in Dollars)				$ 553,804
Fair Value (in Dollars)				$ 553,540
Investment, Identifier [Axis]: B&G Foods, Inc. - Beverage, Food & Tobacco - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.07%
Maturity Date		Oct. 10, 2029
Principal/ Number of Shares (in Shares)		533,621
Cost (in Dollars)		$ 531,858
Fair Value (in Dollars)		$ 533,621
Investment, Identifier [Axis]: BAKELITE UK INTERMEDIATE LTD. - Chemicals, Plastics, & Rubber - Term Loan (5/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.10%
Maturity Date		May 29, 2029
Principal/ Number of Shares (in Shares)		1,477,528
Cost (in Dollars)		$ 1,471,911
Fair Value (in Dollars)		$ 1,487,220
Investment, Identifier [Axis]: BAKELITE UK INTERMEDIATE LTD. - Chemicals, Plastics, & Rubber - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.50%
Maturity Date				May 29, 2029
Principal/ Number of Shares (in Shares)				985,000
Cost (in Dollars)				$ 981,238
Fair Value (in Dollars)				$ 980,075
Investment, Identifier [Axis]: BROWN GROUP HOLDING, LLC - Aerospace & Defense - Term Loan B-2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		3%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.32%		8.33%
Maturity Date		Jul. 01, 2031		Jul. 01, 2029
Principal/ Number of Shares (in Shares)		492,516		493,750
Cost (in Dollars)		$ 482,581		$ 483,706
Fair Value (in Dollars)		$ 494,771		$ 492,856
Investment, Identifier [Axis]: BW Gas & Convenience Holdings LLC - Beverage, Food & Tobacco - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.19%		8.94%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares (in Shares)		2,418,750		2,437,500
Cost (in Dollars)		$ 2,405,594		$ 2,421,791
Fair Value (in Dollars)		$ 2,431,860		$ 2,400,938
Investment, Identifier [Axis]: Baldwin Insurance Group Holdings, LLC - Banking, Finance, Insurance & Real Estate - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.82%
Maturity Date		May 26, 2031
Principal/ Number of Shares (in Shares)		1,644,400
Cost (in Dollars)		$ 1,634,073
Fair Value (in Dollars)		$ 1,656,733
Investment, Identifier [Axis]: Baldwin Risk Partners, LLC - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.94%
Maturity Date				Oct. 14, 2027
Principal/ Number of Shares (in Shares)				1,960,048
Cost (in Dollars)				$ 1,946,212
Fair Value (in Dollars)				$ 1,946,171
Investment, Identifier [Axis]: Barnes Group Inc. - Aerospace & Defense - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.43%
Maturity Date				Aug. 09, 2030
Principal/ Number of Shares (in Shares)				249,375
Cost (in Dollars)				$ 247,649
Fair Value (in Dollars)				$ 249,500
Investment, Identifier [Axis]: Bausch Health Companies Inc. - Healthcare & Pharmaceuticals - Term Loan B (1/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.67%
Maturity Date				Feb. 01, 2027
Principal/ Number of Shares (in Shares)				1,850,000
Cost (in Dollars)				$ 1,710,365
Fair Value (in Dollars)				$ 1,465,552
Investment, Identifier [Axis]: Belfor Holdings Inc. - Services: Consumer - Term Loan B-1 (11/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.32%		9.08%
Maturity Date		Nov. 01, 2030		Oct. 25, 2030
Principal/ Number of Shares (in Shares)		1,494,834		1,600,000
Cost (in Dollars)		$ 1,481,878		$ 1,584,928
Fair Value (in Dollars)		$ 1,505,118		$ 1,602,000
Investment, Identifier [Axis]: Belron Finance US LLC - Automotive - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.58%
Maturity Date				Apr. 13, 2028
Principal/ Number of Shares (in Shares)				1,945,000
Cost (in Dollars)				$ 1,945,000
Fair Value (in Dollars)				$ 1,943,172
Investment, Identifier [Axis]: Belron Finance US LLC - Automotive - Term Loan B - Loan - One
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.66%
Maturity Date				Apr. 18, 2029
Principal/ Number of Shares (in Shares)				248,750
Cost (in Dollars)				$ 248,750
Fair Value (in Dollars)				$ 248,544
Investment, Identifier [Axis]: Bengal Debt Merger Sub LLC - Beverage, Food & Tobacco - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.95%		8.70%
Maturity Date		Jan. 24, 2029		Jan. 24, 2029
Principal/ Number of Shares (in Shares)		1,955,000		1,970,000
Cost (in Dollars)		$ 1,954,381		$ 1,969,251
Fair Value (in Dollars)		$ 1,354,893		$ 1,852,785
Investment, Identifier [Axis]: Blackstone Mortgage Trust, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan (6/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.44%		8.19%
Maturity Date		Apr. 23, 2026		Apr. 23, 2026
Principal/ Number of Shares (in Shares)		1,439,044		1,450,228
Cost (in Dollars)		$ 1,435,048		$ 1,444,650
Fair Value (in Dollars)		$ 1,435,447		$ 1,439,352
Investment, Identifier [Axis]: Blackstone Mortgage Trust, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.94%		7.69%
Maturity Date		Apr. 23, 2026		Apr. 23, 2026
Principal/ Number of Shares (in Shares)		962,019		969,620
Cost (in Dollars)		$ 959,704		$ 966,168
Fair Value (in Dollars)		$ 960,816		$ 962,348
Investment, Identifier [Axis]: Blue Tree Holdings, Inc. - Chemicals, Plastics, & Rubber - Term Loan (2/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.11%
Maturity Date				Mar. 04, 2028
Principal/ Number of Shares (in Shares)				972,500
Cost (in Dollars)				$ 971,083
Fair Value (in Dollars)				$ 967,229
Investment, Identifier [Axis]: Bombardier Recreational Products, Inc. - Consumer goods: Durable - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.44%		8.08%
Maturity Date		Jan. 22, 2031		Jan. 22, 2031
Principal/ Number of Shares (in Shares)		1,429,361		1,440,189
Cost (in Dollars)		$ 1,425,833		$ 1,436,033
Fair Value (in Dollars)		$ 1,431,648		$ 1,437,942
Investment, Identifier [Axis]: Bombardier Recreational Products, Inc. - Consumer goods: Durable - Term Loan B3 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.44%		8.18%
Maturity Date		Dec. 13, 2029		Dec. 13, 2029
Principal/ Number of Shares (in Shares)		490,047		493,769
Cost (in Dollars)		$ 480,448		$ 482,991
Fair Value (in Dollars)		$ 491,654		$ 493,833
Investment, Identifier [Axis]: Boost Newco Borrower, LLC (Worldpay) - Banking, Finance, Insurance & Real Estate - Term Loan (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.10%
Maturity Date		Jan. 31, 2031
Principal/ Number of Shares (in Shares)		500,000
Cost (in Dollars)		$ 497,765
Fair Value (in Dollars)		$ 504,105
Investment, Identifier [Axis]: Boost Newco Borrower, LLC (Worldpay) - Banking, Finance, Insurance & Real Estate - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.33%
Maturity Date				Jan. 31, 2031
Principal/ Number of Shares (in Shares)				500,000
Cost (in Dollars)				$ 497,629
Fair Value (in Dollars)				$ 501,460
Investment, Identifier [Axis]: Boxer Parent Company, Inc. - High Tech Industries - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.34%
Maturity Date		Jul. 30, 2031
Principal/ Number of Shares (in Shares)		1,007,194
Cost (in Dollars)		$ 1,002,871
Fair Value (in Dollars)		$ 1,013,599
Investment, Identifier [Axis]: Boxer Parent Company, Inc. - High Tech Industries - Term Loan USD (11/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.58%
Maturity Date				Dec. 29, 2028
Principal/ Number of Shares (in Shares)				1,012,255
Cost (in Dollars)				$ 1,007,334
Fair Value (in Dollars)				$ 1,015,018
Investment, Identifier [Axis]: BrightSpring Health Services (Phoenix Guarantor) - Healthcare & Pharmaceuticals - Term Loan (02/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.82%		8.58%
Maturity Date		Feb. 21, 2031		Feb. 21, 2031
Principal/ Number of Shares (in Shares)		967,638		972,500
Cost (in Dollars)		$ 967,638		$ 972,500
Fair Value (in Dollars)		$ 974,895		$ 961,355
Investment, Identifier [Axis]: BroadStreet Partners, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B3 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.44%
Maturity Date				Jan. 22, 2027
Principal/ Number of Shares (in Shares)				2,918,464
Cost (in Dollars)				$ 2,915,588
Fair Value (in Dollars)				$ 2,913,007
Investment, Identifier [Axis]: BroadStreet Partners, Inc. -Banking, Finance, Insurance & Real Estate - Term Loan B-4 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.82%
Maturity Date		Jun. 14, 2031
Principal/ Number of Shares (in Shares)		2,903,607
Cost (in Dollars)		$ 2,901,538
Fair Value (in Dollars)		$ 2,918,444
Investment, Identifier [Axis]: Brookfield WEC Holdings Inc. - Energy: Electricity - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.92%		8.08%
Maturity Date		Jan. 27, 2031		Jan. 17, 2031
Principal/ Number of Shares (in Shares)		1,444,069		1,447,688
Cost (in Dollars)		$ 1,444,069		$ 1,447,688
Fair Value (in Dollars)		$ 1,449,008		$ 1,442,028
Investment, Identifier [Axis]: Buckeye Partners, L.P. - Utilities: Oil & Gas - Term Loan B 3 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.33%
Maturity Date				Nov. 01, 2026
Principal/ Number of Shares (in Shares)				1,595,639
Cost (in Dollars)				$ 1,589,524
Fair Value (in Dollars)				$ 1,595,910
Investment, Identifier [Axis]: Buckeye Partners, L.P. - Utilities: Oil & Gas - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.83%
Maturity Date				Nov. 15, 2030
Principal/ Number of Shares (in Shares)				333,333
Cost (in Dollars)				$ 332,779
Fair Value (in Dollars)				$ 333,393
Investment, Identifier [Axis]: Buckeye Partners, L.P. - Utilities: Oil & Gas - Term Loan B4 (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.57%
Maturity Date		Nov. 22, 2030
Principal/ Number of Shares (in Shares)		665,004
Cost (in Dollars)		$ 662,876
Fair Value (in Dollars)		$ 666,321
Investment, Identifier [Axis]: Buckeye Partners, L.P. - Utilities: Oil & Gas - Term Loan B5 (09/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.32%
Maturity Date		Nov. 02, 2026
Principal/ Number of Shares (in Shares)		567,280
Cost (in Dollars)		$ 565,840
Fair Value (in Dollars)		$ 567,672
Investment, Identifier [Axis]: CAPSTONE BORROWER INC - Services: Business - Term Loan (06/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.10%
Maturity Date				Jun. 15, 2030
Principal/ Number of Shares (in Shares)				998,077
Cost (in Dollars)				$ 984,312
Fair Value (in Dollars)				$ 993,396
Investment, Identifier [Axis]: CAPSTONE BORROWER INC - Services: Business - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.85%
Maturity Date		Jun. 17, 2030
Principal/ Number of Shares (in Shares)		874,867
Cost (in Dollars)		$ 863,792
Fair Value (in Dollars)		$ 878,148
Investment, Identifier [Axis]: CASTLELAKE AVIATION LLC - Aerospace & Defense - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.70%		8.40%
Maturity Date		Oct. 21, 2027		Oct. 21, 2027
Principal/ Number of Shares (in Shares)		982,500		990,000
Cost (in Dollars)		$ 977,381		$ 983,747
Fair Value (in Dollars)		$ 985,772		$ 989,228
Investment, Identifier [Axis]: CBL & Associates Limited Partnership - Retail - Term Loan 11/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		7.54%		8.19%
Maturity Date		Nov. 01, 2025		Nov. 01, 2025
Principal/ Number of Shares (in Shares)		2,246,084		2,464,605
Cost (in Dollars)		$ 2,087,998		$ 2,167,043
Fair Value (in Dollars)		$ 2,097,281		$ 2,214,029
Investment, Identifier [Axis]: CCC Intelligent Solutions Inc. - Services: Business - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		6.94%		7.69%
Maturity Date		Sep. 16, 2028		Sep. 16, 2028
Principal/ Number of Shares (in Shares)		243,125		245,000
Cost (in Dollars)		$ 242,851		$ 244,633
Fair Value (in Dollars)		$ 244,280		$ 244,030
Investment, Identifier [Axis]: CCI Buyer, Inc - Telecommunications - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.60%		9.35%
Maturity Date		Dec. 17, 2027		Dec. 17, 2027
Principal/ Number of Shares (in Shares)		241,250		243,125
Cost (in Dollars)		$ 240,026		$ 241,678
Fair Value (in Dollars)		$ 242,888		$ 241,195
Investment, Identifier [Axis]: CCRR Parent, Inc. - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.92%		9.68%
Maturity Date		Mar. 05, 2028		Mar. 05, 2028
Principal/ Number of Shares (in Shares)		982,500		990,000
Cost (in Dollars)		$ 948,322		$ 949,452
Fair Value (in Dollars)		$ 610,378		$ 920,700
Investment, Identifier [Axis]: CCRR Parent, Inc. - Healthcare & Pharmaceuticals - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.03%		9.19%
Maturity Date		Mar. 05, 2028		Mar. 05, 2028
Principal/ Number of Shares (in Shares)		965,000		972,500
Cost (in Dollars)		$ 962,597		$ 969,580
Fair Value (in Dollars)		$ 594,160		$ 866,741
Investment, Identifier [Axis]: CCS-CMGC Holdings, Inc. - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
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 (in Shares)		2,356,250		2,375,000
Cost (in Dollars)		$ 2,352,816		$ 2,368,777
Fair Value (in Dollars)		$ 693,916		$ 1,863,520
Investment, Identifier [Axis]: CDK GLOBAL, INC. - High Tech Industries - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.85%
Maturity Date		Jul. 06, 2029
Principal/ Number of Shares (in Shares)		992,500
Cost (in Dollars)		$ 970,171
Fair Value (in Dollars)		$ 993,076
Investment, Identifier [Axis]: CDK GLOBAL, INC. - High Tech Industries - Term Loan B (10/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.35%
Maturity Date				Jul. 06, 2029
Principal/ Number of Shares (in Shares)				992,500
Cost (in Dollars)				$ 967,482
Fair Value (in Dollars)				$ 994,406
Investment, Identifier [Axis]: CENTURI GROUP, INC. - Construction & Building - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.19%		7.94%
Maturity Date		Aug. 27, 2028		Aug. 27, 2028
Principal/ Number of Shares (in Shares)		616,921		868,330
Cost (in Dollars)		$ 613,354		$ 862,415
Fair Value (in Dollars)		$ 617,723		$ 868,191
Investment, Identifier [Axis]: CIMPRESS PUBLIC LIMITED COMPANY - Media: Advertising, Printing & Publishing - Term Loan B1 (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.57%
Maturity Date		May 17, 2028
Principal/ Number of Shares (in Shares)		1,945,049
Cost (in Dollars)		$ 1,883,424
Fair Value (in Dollars)		$ 1,958,023
Investment, Identifier [Axis]: CIMPRESS PUBLIC LIMITED COMPANY - Media: Advertising, Printing & Publishing - USD Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.94%
Maturity Date				May 17, 2028
Principal/ Number of Shares (in Shares)				1,959,849
Cost (in Dollars)				$ 1,885,810
Fair Value (in Dollars)				$ 1,951,676
Investment, Identifier [Axis]: CITADEL SECURITIES LP
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.57%
Maturity Date		Oct. 31, 2031
Principal/ Number of Shares (in Shares)		4,826,890
Cost (in Dollars)		$ 4,826,890
Fair Value (in Dollars)		$ 4,845,280
Investment, Identifier [Axis]: CITADEL SECURITIES LP - Banking, Finance, Insurance & Real Estate - Term Loan B (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.58%
Maturity Date				Jul. 29, 2030
Principal/ Number of Shares (in Shares)				4,863,365
Cost (in Dollars)				$ 4,862,868
Fair Value (in Dollars)				$ 4,857,286
Investment, Identifier [Axis]: CLYDESDALE ACQUISITION HOLDINGS, INC. - Containers, Packaging & Glass - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.18%		3.68%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.75%		9.10%
Maturity Date		Apr. 13, 2029		Apr. 13, 2029
Principal/ Number of Shares (in Shares)		1,220,000		1,477,500
Cost (in Dollars)		$ 1,198,551		$ 1,448,088
Fair Value (in Dollars)		$ 1,226,686		$ 1,475,343
Investment, Identifier [Axis]: CORAL-US CO-BORROWER LLC - Telecommunications - Term Loan B-5 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7%		7.68%
Maturity Date		Jan. 31, 2028		Jan. 31, 2028
Principal/ Number of Shares (in Shares)		4,000,000		4,000,000
Cost (in Dollars)		$ 3,992,430		$ 3,990,860
Fair Value (in Dollars)		$ 3,985,840		$ 3,950,000
Investment, Identifier [Axis]: CROCS INC - Consumer goods: Durable - Term Loan B (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		6.82%		7.58%
Maturity Date		Feb. 19, 2029		Feb. 19, 2029
Principal/ Number of Shares (in Shares)		862,500		1,230,000
Cost (in Dollars)		$ 838,623		$ 1,190,854
Fair Value (in Dollars)		$ 866,571		$ 1,230,923
Investment, Identifier [Axis]: CSC Holdings LLC (Neptune Finco Corp.) - Media: Broadcasting & Subscription - Term Loan 12/22 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.82%
Maturity Date				Apr. 15, 2027
Principal/ Number of Shares (in Shares)				2,376,032
Cost (in Dollars)				$ 2,368,120
Fair Value (in Dollars)				$ 2,307,222
Investment, Identifier [Axis]: CSC Holdings LLC (Neptune Finco Corp.) - Media: Broadcasting & Subscription - Term Loan B-5 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.93%
Maturity Date				Apr. 15, 2027
Principal/ Number of Shares (in Shares)				480,000
Cost (in Dollars)				$ 480,000
Fair Value (in Dollars)				$ 448,277
Investment, Identifier [Axis]: CTC Holdings, LP - Banking, Finance, Insurance & Real Estate - Term Loan (2/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.66%
Maturity Date		Feb. 15, 2029
Principal/ Number of Shares (in Shares)		2,193,750
Cost (in Dollars)		$ 2,155,366
Fair Value (in Dollars)		$ 2,188,266
Investment, Identifier [Axis]: CTC Holdings, LP - Banking, Finance, Insurance & Real Estate - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.48%
Maturity Date				Feb. 15, 2029
Principal/ Number of Shares (in Shares)				2,210,625
Cost (in Dollars)				$ 2,165,966
Fair Value (in Dollars)				$ 2,194,045
Investment, Identifier [Axis]: CTS Midco, LLC - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		6%		6%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.85%		11.57%
Maturity Date		Nov. 02, 2027		Nov. 02, 2027
Principal/ Number of Shares (in Shares)		1,923,807		1,937,017
Cost (in Dollars)		$ 1,896,277		$ 1,903,074
Fair Value (in Dollars)		$ 1,914,188		$ 1,830,481
Investment, Identifier [Axis]: Callaway Golf Company - Retail - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.57%		8.93%
Maturity Date		Mar. 16, 2030		Mar. 16, 2030
Principal/ Number of Shares (in Shares)		472,500		496,250
Cost (in Dollars)		$ 468,551		$ 491,660
Fair Value (in Dollars)		$ 469,939		$ 496,200
Investment, Identifier [Axis]: Calpine Corporation - Utilities: Electric - Term Loan B-10 (01/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				3.87%
Maturity Date				Aug. 12, 2026
Principal/ Number of Shares (in Shares)				2,000,000
Cost (in Dollars)				$ 1,990,000
Fair Value (in Dollars)				$ 1,983,760
Investment, Identifier [Axis]: Calpine Corporation - Utilities: Electric - Term Loan B10 (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.57%
Maturity Date		Jan. 31, 2031
Principal/ Number of Shares (in Shares)		1,990,000
Cost (in Dollars)		$ 1,980,789
Fair Value (in Dollars)		$ 1,994,259
Investment, Identifier [Axis]: Camping World, Inc. - Retail - Term Loan B (5/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		7.19%		7.94%
Maturity Date		Jun. 05, 2028		Jun. 05, 2028
Principal/ Number of Shares (in Shares)		2,443,038		2,462,025
Cost (in Dollars)		$ 2,286,576		$ 2,277,630
Fair Value (in Dollars)		$ 2,391,392		$ 2,401,238
Investment, Identifier [Axis]: CareerBuilder, LLC (c) - Services: Business - Term Loan B3 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	2.50%
SOFR/LIBOR Floor	[1]	0%
Current Rate (All In)	[1]	7.19%
Maturity Date	[1]	Jul. 31, 2026
Principal/ Number of Shares (in Shares)	[1]	4,046,036
Cost (in Dollars)	[1]	$ 4,032,687
Fair Value (in Dollars)	[1]	$ 404,604
Investment, Identifier [Axis]: CareerBuilder, LLC - Services: Business - Term Loan B3 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				6.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				12.36%
Maturity Date				Jul. 31, 2026
Principal/ Number of Shares (in Shares)				3,930,582
Cost (in Dollars)				$ 3,912,784
Fair Value (in Dollars)				$ 589,587
Investment, Identifier [Axis]: Castle US Holding Corporation - Media: Advertising, Printing & Publishing - Term Loan B (USD) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.44%		9.35%
Maturity Date		Jan. 27, 2027		Jan. 27, 2027
Principal/ Number of Shares (in Shares)		1,934,080		1,946,639
Cost (in Dollars)		$ 1,929,004		$ 1,939,553
Fair Value (in Dollars)		$ 1,075,832		$ 1,354,627
Investment, Identifier [Axis]: Catalent Pharma Solutions, Inc. - Healthcare & Pharmaceuticals - Term Loan B3 (2/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.43%
Maturity Date				Feb. 22, 2028
Principal/ Number of Shares (in Shares)				598,462
Cost (in Dollars)				$ 587,525
Fair Value (in Dollars)				$ 597,588
Investment, Identifier [Axis]: Catalent Pharma Solutions, Inc. - Healthcare & Pharmaceuticals - Term Loan B4 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.32%
Maturity Date				Feb. 22, 2028
Principal/ Number of Shares (in Shares)				600,000
Cost (in Dollars)				$ 595,597
Fair Value (in Dollars)				$ 601,500
Investment, Identifier [Axis]: Cengage Learning, Inc. - Media: Advertising, Printing & Publishing - Term Loan B (6/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.33%
Maturity Date				Jul. 14, 2026
Principal/ Number of Shares (in Shares)				2,932,500
Cost (in Dollars)				$ 2,917,832
Fair Value (in Dollars)				$ 2,930,682
Investment, Identifier [Axis]: CenturyLink, Inc. - Telecommunications - Term Loan B (1/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.69%
Maturity Date				Mar. 15, 2027
Principal/ Number of Shares (in Shares)				3,838,165
Cost (in Dollars)				$ 3,835,627
Fair Value (in Dollars)				$ 2,781,480
Investment, Identifier [Axis]: Charlotte Buyer, Inc. - Services: Business - Term Loan B (07/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.37%
Maturity Date		Feb. 11, 2028
Principal/ Number of Shares (in Shares)		1,477,500
Cost (in Dollars)		$ 1,409,649
Fair Value (in Dollars)		$ 1,488,168
Investment, Identifier [Axis]: Charlotte Buyer, Inc. - Services: Business - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.57%
Maturity Date				Feb. 11, 2028
Principal/ Number of Shares (in Shares)				1,485,000
Cost (in Dollars)				$ 1,404,122
Fair Value (in Dollars)				$ 1,487,866
Investment, Identifier [Axis]: Chemours Company, (The) - Chemicals, Plastics, & Rubber - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.07%		8.83%
Maturity Date		Aug. 18, 2028		Aug. 10, 2028
Principal/ Number of Shares (in Shares)		2,375,719		2,393,717
Cost (in Dollars)		$ 2,343,004		$ 2,355,365
Fair Value (in Dollars)		$ 2,386,600		$ 2,345,842
Investment, Identifier [Axis]: Churchill Downs Incorporated - Hotel, Gaming & Leisure - Term Loan B1 (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.67%		7.43%
Maturity Date		Mar. 17, 2028		Mar. 17, 2028
Principal/ Number of Shares (in Shares)		482,500		486,250
Cost (in Dollars)		$ 481,987		$ 485,591
Fair Value (in Dollars)		$ 483,706		$ 485,642
Investment, Identifier [Axis]: Citco Funding LLC - Banking, Finance, Insurance & Real Estate - Term Loa 1st Lien Incremental - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.57%
Maturity Date				Apr. 27, 2028
Principal/ Number of Shares (in Shares)				997,500
Cost (in Dollars)				$ 992,828
Fair Value (in Dollars)				$ 997,919
Investment, Identifier [Axis]: Citco Funding LLC - Banking, Finance, Insurance & Real Estate - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.31%
Maturity Date		Apr. 27, 2028
Principal/ Number of Shares (in Shares)		990,025
Cost (in Dollars)		$ 986,322
Fair Value (in Dollars)		$ 997,450
Investment, Identifier [Axis]: Clarios Global LP - Automotive - Term Loan (12/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.33%
Maturity Date				May 06, 2030
Principal/ Number of Shares (in Shares)				1,197,000
Cost (in Dollars)				$ 1,191,616
Fair Value (in Dollars)				$ 1,196,629
Investment, Identifier [Axis]: Clarios Global LP - Automotive - Term Loan B (07/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.07%
Maturity Date		May 06, 2030
Principal/ Number of Shares (in Shares)		1,197,000
Cost (in Dollars)		$ 1,192,203
Fair Value (in Dollars)		$ 1,203,739
Investment, Identifier [Axis]: Claros Mortgage Trust, Inc
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.17%
Maturity Date		Aug. 09, 2026
Principal/ Number of Shares (in Shares)		3,377,586
Cost (in Dollars)		$ 3,367,642
Fair Value (in Dollars)		$ 3,276,258
Investment, Identifier [Axis]: Claros Mortgage Trust, Inc - Banking, Finance, Insurance & Real Estate - Term Loan B-1 (11/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.92%
Maturity Date				Aug. 09, 2026
Principal/ Number of Shares (in Shares)				3,404,430
Cost (in Dollars)				$ 3,390,583
Fair Value (in Dollars)				$ 3,132,076
Investment, Identifier [Axis]: Columbus McKinnon Corporation - Capital Equipment - Term Loan (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.10%
Maturity Date		May 14, 2028
Principal/ Number of Shares (in Shares)		366,056
Cost (in Dollars)		$ 365,561
Fair Value (in Dollars)		$ 367,429
Investment, Identifier [Axis]: Columbus McKinnon Corporation - Capital Equipment - Term Loan (4/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.39%
Maturity Date				May 14, 2028
Principal/ Number of Shares (in Shares)				406,951
Cost (in Dollars)				$ 406,326
Fair Value (in Dollars)				$ 407,207
Investment, Identifier [Axis]: Conduent, Inc. - Services: Business - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.69%
Maturity Date				Oct. 16, 2028
Principal/ Number of Shares (in Shares)				2,762,330
Cost (in Dollars)				$ 2,701,073
Fair Value (in Dollars)				$ 2,702,470
Investment, Identifier [Axis]: Connect Finco SARL - Telecommunications - Term Loan (1/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.83%
Maturity Date				Dec. 11, 2026
Principal/ Number of Shares (in Shares)				2,887,500
Cost (in Dollars)				$ 2,809,993
Fair Value (in Dollars)				$ 2,882,678
Investment, Identifier [Axis]: Connect Finco SARL - Telecommunications - Term Loan B (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.07%
Maturity Date		Sep. 27, 2029
Principal/ Number of Shares (in Shares)		2,873,063
Cost (in Dollars)		$ 2,804,916
Fair Value (in Dollars)		$ 2,480,401
Investment, Identifier [Axis]: Consolidated Communications, Inc. - Telecommunications - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.19%		8.94%
Maturity Date		Oct. 02, 2027		Oct. 02, 2027
Principal/ Number of Shares (in Shares)		2,714,005		2,714,005
Cost (in Dollars)		$ 2,581,960		$ 2,553,865
Fair Value (in Dollars)		$ 2,688,900		$ 2,544,379
Investment, Identifier [Axis]: Corelogic, Inc. - Services: Business - Term Loan (4/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.19%		8.94%
Maturity Date		Jun. 02, 2028		Jun. 02, 2028
Principal/ Number of Shares (in Shares)		2,425,000		2,443,750
Cost (in Dollars)		$ 2,418,601		$ 2,436,006
Fair Value (in Dollars)		$ 2,409,456		$ 2,372,344
Investment, Identifier [Axis]: Cortes NP Acquisition Corp (Vertiv) - Capital Equipment - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.66%
Maturity Date		Mar. 02, 2027
Principal/ Number of Shares (in Shares)		1,925,599
Cost (in Dollars)		$ 1,925,599
Fair Value (in Dollars)		$ 1,935,496
Investment, Identifier [Axis]: Cortes NP Acquisition Corp (Vertiv) - Capital Equipment - Term Loan B (12/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.94%
Maturity Date				Mar. 02, 2027
Principal/ Number of Shares (in Shares)				1,940,138
Cost (in Dollars)				$ 1,940,138
Fair Value (in Dollars)				$ 1,941,903
Investment, Identifier [Axis]: Creative Artists Agency, LLC - Media: Diversified & Production - Term Loan B (02/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.83%
Maturity Date				Nov. 27, 2028
Principal/ Number of Shares (in Shares)				1,588,004
Cost (in Dollars)				$ 1,577,748
Fair Value (in Dollars)				$ 1,588,449
Investment, Identifier [Axis]: Creative Artists Agency, LLC - Media: Diversified & Production - Term Loan B (09/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.32%
Maturity Date		Sep. 12, 2031
Principal/ Number of Shares (in Shares)		1,576,094
Cost (in Dollars)		$ 1,567,369
Fair Value (in Dollars)		$ 1,584,857
Investment, Identifier [Axis]: Cross Financial Corp - Banking, Finance, Insurance & Real Estate - Term Loan B2 (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.82%
Maturity Date		Oct. 24, 2031
Principal/ Number of Shares (in Shares)		485,063
Cost (in Dollars)		$ 483,806
Fair Value (in Dollars)		$ 488,700
Investment, Identifier [Axis]: Cross Financial Corp - Banking, Finance, Insurance & Real Estate - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.83%
Maturity Date				Sep. 15, 2027
Principal/ Number of Shares (in Shares)				487,500
Cost (in Dollars)				$ 487,355
Fair Value (in Dollars)				$ 486,891
Investment, Identifier [Axis]: Crown Subsea Communications Holding, Inc. - Construction & Building - Term Loan B (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.07%
Maturity Date				Jan. 30, 2031
Principal/ Number of Shares (in Shares)				2,400,000
Cost (in Dollars)				$ 2,376,371
Fair Value (in Dollars)				$ 2,409,000
Investment, Identifier [Axis]: Crown Subsea Communications Holding, Inc. - Construction & Building - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.57%
Maturity Date		Jan. 30, 2031
Principal/ Number of Shares (in Shares)		2,394,000
Cost (in Dollars)		$ 2,372,592
Fair Value (in Dollars)		$ 2,422,441
Investment, Identifier [Axis]: DCert Buyer, Inc. - High Tech Industries - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.57%		9.33%
Maturity Date		Oct. 16, 2026		Oct. 16, 2026
Principal/ Number of Shares (in Shares)		1,443,325		1,454,660
Cost (in Dollars)		$ 1,443,325		$ 1,454,660
Fair Value (in Dollars)		$ 1,411,933		$ 1,442,426
Investment, Identifier [Axis]: DG Investment Intermediate Holdings 2, Inc. - Aerospace & Defense - Incremental Term Loan (3/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.08%
Maturity Date				Mar. 31, 2028
Principal/ Number of Shares (in Shares)				493,750
Cost (in Dollars)				$ 477,680
Fair Value (in Dollars)				$ 492,051
Investment, Identifier [Axis]: DIRECTV FINANCING, LLC - Media: Broadcasting & Subscription - Term Loan (1/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		10.10%
Maturity Date		Aug. 02, 2029
Principal/ Number of Shares (in Shares)		2,974,675
Cost (in Dollars)		$ 2,957,251
Fair Value (in Dollars)		$ 2,929,728
Investment, Identifier [Axis]: DIRECTV FINANCING, LLC - Media: Broadcasting & Subscription - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.83%
Maturity Date				Aug. 02, 2029
Principal/ Number of Shares (in Shares)				3,190,000
Cost (in Dollars)				$ 3,169,423
Fair Value (in Dollars)				$ 3,181,036
Investment, Identifier [Axis]: DISCOVERY PURCHASER CORPORATION - Chemicals, Plastics, & Rubber - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.38%		4.38%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.95%		9.71%
Maturity Date		Oct. 04, 2029		Oct. 04, 2029
Principal/ Number of Shares (in Shares)		1,473,918		1,485,028
Cost (in Dollars)		$ 1,383,648		$ 1,383,712
Fair Value (in Dollars)		$ 1,481,081		$ 1,476,207
Investment, Identifier [Axis]: DOMTAR CORPORATION - Forest Products & Paper - Term Loan 9/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.19%		10.94%
Maturity Date		Nov. 30, 2028		Nov. 30, 2028
Principal/ Number of Shares (in Shares)		3,114,554		3,243,968
Cost (in Dollars)		$ 3,067,307		$ 3,187,785
Fair Value (in Dollars)		$ 3,000,344		$ 3,163,874
Investment, Identifier [Axis]: DOTDASH MEREDITH, INC. - Media: Advertising, Printing & Publishing - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.17%		9.43%
Maturity Date		Dec. 01, 2028		Nov. 30, 2028
Principal/ Number of Shares (in Shares)		1,911,111		1,974,747
Cost (in Dollars)		$ 1,770,962		$ 1,809,468
Fair Value (in Dollars)		$ 1,923,056		$ 1,955,000
Investment, Identifier [Axis]: DRI HOLDING INC. - Media: Advertising, Printing & Publishing - Term Loan (12/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10.04%		10.68%
Maturity Date		Dec. 15, 2028		Dec. 15, 2028
Principal/ Number of Shares (in Shares)		3,902,444		3,932,462
Cost (in Dollars)		$ 3,794,546		$ 3,808,999
Fair Value (in Dollars)		$ 3,767,809		$ 3,605,596
Investment, Identifier [Axis]: DRW Holdings, LLC - Banking, Finance, Insurance & Real Estate - Term Loan (2/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.19%
Maturity Date				Mar. 01, 2028
Principal/ Number of Shares (in Shares)				6,370,000
Cost (in Dollars)				$ 6,338,820
Fair Value (in Dollars)				$ 6,354,075
Investment, Identifier [Axis]: DRW Holdings, LLC - Banking, Finance, Insurance & Real Estate - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.59%
Maturity Date		Jun. 17, 2031
Principal/ Number of Shares (in Shares)		6,305,000
Cost (in Dollars)		$ 6,278,762
Fair Value (in Dollars)		$ 6,312,881
Investment, Identifier [Axis]: DTZ U.S. Borrower, LLC - Construction & Building - 2024-3 Term Loan (09/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.82%
Maturity Date		Jan. 31, 2030
Principal/ Number of Shares (in Shares)		1,097,250
Cost (in Dollars)		$ 1,074,013
Fair Value (in Dollars)		$ 1,097,250
Investment, Identifier [Axis]: DTZ U.S. Borrower, LLC - Construction & Building - Term Loan (01/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.68%
Maturity Date				Jan. 31, 2030
Principal/ Number of Shares (in Shares)				2,024,241
Cost (in Dollars)				$ 2,022,091
Fair Value (in Dollars)				$ 1,999,788
Investment, Identifier [Axis]: DTZ U.S. Borrower, LLC - Construction & Building - Term Loan (08/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.33%
Maturity Date				Jan. 31, 2030
Principal/ Number of Shares (in Shares)				1,100,000
Cost (in Dollars)				$ 1,074,202
Fair Value (in Dollars)				$ 1,097,250
Investment, Identifier [Axis]: DTZ U.S. Borrower, LLC - Construction & Building - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.19%
Maturity Date				Aug. 21, 2025
Principal/ Number of Shares (in Shares)				198,929
Cost (in Dollars)				$ 198,685
Fair Value (in Dollars)				$ 198,432
Investment, Identifier [Axis]: DTZ U.S. Borrower, LLC - Construction & Building - Term Loan B1 (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.57%
Maturity Date		Jan. 31, 2030
Principal/ Number of Shares (in Shares)		2,014,107
Cost (in Dollars)		$ 2,012,682
Fair Value (in Dollars)		$ 2,026,695
Investment, Identifier [Axis]: Daseke Inc - Transportation: Cargo - Term Loan 2/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.44%
Maturity Date				Mar. 05, 2028
Principal/ Number of Shares (in Shares)				1,162,500
Cost (in Dollars)				$ 1,159,080
Fair Value (in Dollars)				$ 1,162,860
Investment, Identifier [Axis]: Dave & Buster's Inc. - Hotel, Gaming & Leisure - Term Loan B (1/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.94%		8.63%
Maturity Date		Jun. 29, 2029		Jun. 29, 2029
Principal/ Number of Shares (in Shares)		762,038		990,019
Cost (in Dollars)		$ 734,081		$ 949,041
Fair Value (in Dollars)		$ 763,806		$ 990,791
Investment, Identifier [Axis]: Delek US Holdings, Inc. - Utilities: Oil & Gas - Term Loan B (11/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.17%		8.93%
Maturity Date		Nov. 16, 2029		Nov. 16, 2029
Principal/ Number of Shares (in Shares)		5,305,500		5,346,000
Cost (in Dollars)		$ 5,215,591		$ 5,244,974
Fair Value (in Dollars)		$ 5,306,985		$ 5,325,952
Investment, Identifier [Axis]: Delos Aircraft DAC - Transportation: Consumer - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.35%
Maturity Date				Oct. 31, 2027
Principal/ Number of Shares (in Shares)				250,000
Cost (in Dollars)				$ 250,000
Fair Value (in Dollars)				$ 250,438
Investment, Identifier [Axis]: Delta 2 Lux Sarl - Hotel, Gaming & Leisure - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.60%
Maturity Date				Jan. 15, 2030
Principal/ Number of Shares (in Shares)				2,000,000
Cost (in Dollars)				$ 1,991,389
Fair Value (in Dollars)				$ 1,997,000
Investment, Identifier [Axis]: Derby Buyer LLC - Chemicals, Plastics, & Rubber - Term Loan (09/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.58%
Maturity Date				Nov. 01, 2030
Principal/ Number of Shares (in Shares)				625,000
Cost (in Dollars)				$ 616,061
Fair Value (in Dollars)				$ 625,394
Investment, Identifier [Axis]: Derby Buyer LLC - Chemicals, Plastics, & Rubber - Term Loan (5/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.16%
Maturity Date		Nov. 01, 2030
Principal/ Number of Shares (in Shares)		621,875
Cost (in Dollars)		$ 613,650
Fair Value (in Dollars)		$ 623,622
Investment, Identifier [Axis]: DexKo Global, Inc. (Dragon Merger) - Automotive - Term Loan (9/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.62%		9.36%
Maturity Date		Oct. 04, 2028		Oct. 04, 2028
Principal/ Number of Shares (in Shares)		975,000		982,500
Cost (in Dollars)		$ 972,491		$ 979,722
Fair Value (in Dollars)		$ 915,018		$ 978,206
Investment, Identifier [Axis]: Diamond Sports Group, LLC - Media: Broadcasting & Subscription - 1st Priority Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		10%		10%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		14.77%		15.43%
Maturity Date		May 25, 2026		May 25, 2026
Principal/ Number of Shares (in Shares)		35,166		152,224
Cost (in Dollars)		$ 34,709		$ 149,462
Fair Value (in Dollars)		$ 30,038		$ 146,896
Investment, Identifier [Axis]: Dispatch Acquisition Holdings, LLC - Environmental Industries - Term Loan B (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9%		9.75%
Maturity Date		Mar. 25, 2028		Mar. 25, 2028
Principal/ Number of Shares (in Shares)		483,750		487,500
Cost (in Dollars)		$ 481,157		$ 484,443
Fair Value (in Dollars)		$ 460,873		$ 452,463
Investment, Identifier [Axis]: Dye & Durham Corporation - Services: Business - Term Loan B (04/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%
SOFR/LIBOR Floor		1%
Current Rate (All In)		8.95%
Maturity Date		Apr. 11, 2031
Principal/ Number of Shares (in Shares)		1,435,714
Cost (in Dollars)		$ 1,415,334
Fair Value (in Dollars)		$ 1,439,907
Investment, Identifier [Axis]: EAB Global, Inc. - Services: Business - Term Loan (08/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.82%		8.94%
Maturity Date		Aug. 16, 2028		Aug. 16, 2028
Principal/ Number of Shares (in Shares)		972,613		980,000
Cost (in Dollars)		$ 970,107		$ 976,771
Fair Value (in Dollars)		$ 975,530		$ 977,344
Investment, Identifier [Axis]: ELECTRON BIDCO INC. - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.69%		8.44%
Maturity Date		Nov. 01, 2028		Nov. 01, 2028
Principal/ Number of Shares (in Shares)		487,500		491,250
Cost (in Dollars)		$ 486,305		$ 489,769
Fair Value (in Dollars)		$ 490,396		$ 490,253
Investment, Identifier [Axis]: ELO Touch Solutions, Inc. - Media: Diversified & Production - Term Loan (12/18) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		6.50%		6.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		11.19%		11.94%
Maturity Date		Dec. 14, 2025		Dec. 14, 2025
Principal/ Number of Shares (in Shares)		2,137,656		2,522,373
Cost (in Dollars)		$ 2,120,001		$ 2,488,308
Fair Value (in Dollars)		$ 2,130,089		$ 2,485,798
Investment, Identifier [Axis]: EOS U.S. FINCO LLC - Transportation: Cargo - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
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 (in Shares)		956,250		975,000
Cost (in Dollars)		$ 896,755		$ 908,088
Fair Value (in Dollars)		$ 674,453		$ 871,104
Investment, Identifier [Axis]: Echo Global Logistics, Inc. - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.42%		8.93%
Maturity Date		Nov. 23, 2028		Nov. 23, 2028
Principal/ Number of Shares (in Shares)		1,950,000		1,965,000
Cost (in Dollars)		$ 1,947,987		$ 1,962,209
Fair Value (in Dollars)		$ 1,923,188		$ 1,926,761
Investment, Identifier [Axis]: Edelman Financial Group Inc., The - Banking, Finance, Insurance & Real Estate - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.82%
Maturity Date		Apr. 07, 2028
Principal/ Number of Shares (in Shares)		2,155,371
Cost (in Dollars)		$ 2,151,733
Fair Value (in Dollars)		$ 2,167,700
Investment, Identifier [Axis]: Edelman Financial Group Inc., The - Banking, Finance, Insurance & Real Estate - Term Loan B (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.94%
Maturity Date				Apr. 07, 2028
Principal/ Number of Shares (in Shares)				2,166,328
Cost (in Dollars)				$ 2,161,731
Fair Value (in Dollars)				$ 2,158,616
Investment, Identifier [Axis]: Electrical Components Inter., Inc. - Capital Equipment - Term Loan (6/18) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.68%
Maturity Date				Jun. 26, 2025
Principal/ Number of Shares (in Shares)				1,868,421
Cost (in Dollars)				$ 1,868,421
Fair Value (in Dollars)				$ 1,861,415
Investment, Identifier [Axis]: Embecta Corp - Healthcare & Pharmaceuticals - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.57%		8.33%
Maturity Date		Mar. 30, 2029		Mar. 30, 2029
Principal/ Number of Shares (in Shares)		2,993,180		2,598,596
Cost (in Dollars)		$ 2,946,385		$ 2,581,552
Fair Value (in Dollars)		$ 2,962,919		$ 2,366,360
Investment, Identifier [Axis]: Emerson Climate Technologies Inc - Services: Business - Term Loan B (04/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.79%
Maturity Date				May 31, 2030
Principal/ Number of Shares (in Shares)				1,000,000
Cost (in Dollars)				$ 995,376
Fair Value (in Dollars)				$ 997,250
Investment, Identifier [Axis]: Emrld Borrower LP - Capital Equipment - Term Loan B (04/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.93%
Maturity Date		May 31, 2030
Principal/ Number of Shares (in Shares)		992,500
Cost (in Dollars)		$ 988,384
Fair Value (in Dollars)		$ 994,048
Investment, Identifier [Axis]: Endo Finance Holdings, Inc. - Healthcare & Pharmaceuticals - Common Stock - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		23,799
Cost (in Dollars)		$ 660,422
Fair Value (in Dollars)		$ 583,076
Investment, Identifier [Axis]: Endo Finance Holdings, Inc. - Healthcare & Pharmaceuticals - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.57%
Maturity Date		Apr. 23, 2031
Principal/ Number of Shares (in Shares)		2,000,000
Cost (in Dollars)		$ 1,981,375
Fair Value (in Dollars)		$ 2,002,500
Investment, Identifier [Axis]: Endo Finance Holdings, Inc. - Healthcare & Pharmaceuticals - Warrants - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		349
Cost (in Dollars)		$ 9,685
Fair Value (in Dollars)		$ 8,551
Investment, Identifier [Axis]: Endo Luxembourg Finance Company I S.a.r.l. - Healthcare & Pharmaceuticals - Term Loan (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				6%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				14.50%
Maturity Date				Mar. 27, 2028
Principal/ Number of Shares (in Shares)				2,335,285
Cost (in Dollars)				$ 2,330,451
Fair Value (in Dollars)				$ 1,522,606
Investment, Identifier [Axis]: Endure Digital, Inc. - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.27%		9.42%
Maturity Date		Feb. 10, 2028		Feb. 10, 2028
Principal/ Number of Shares (in Shares)		2,418,750		2,437,500
Cost (in Dollars)		$ 2,413,091		$ 2,430,093
Fair Value (in Dollars)		$ 1,615,386		$ 2,380,048
Investment, Identifier [Axis]: Entain Holdings (Gibraltar) Limited - Hotel, Gaming & Leisure - Term Loan B (10/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.95%
Maturity Date				Oct. 30, 2029
Principal/ Number of Shares (in Shares)				1,487,496
Cost (in Dollars)				$ 1,472,128
Fair Value (in Dollars)				$ 1,489,355
Investment, Identifier [Axis]: Entain Holdings (Gibraltar) Limited - Hotel, Gaming & Leisure - Term Loan B3 (5/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.01%
Maturity Date		Oct. 31, 2029
Principal/ Number of Shares (in Shares)		1,480,034
Cost (in Dollars)		$ 1,466,934
Fair Value (in Dollars)		$ 1,486,517
Investment, Identifier [Axis]: Envision Parent Inc - Healthcare & Pharmaceuticals - Common Stock - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		4,410		92,837
Cost (in Dollars)		$ 175,000
Fair Value (in Dollars)		$ 50,715
Investment, Identifier [Axis]: Envision Parent Inc - Healthcare & Pharmaceuticals - Warrants - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		92,837		4,410
Cost (in Dollars)				$ 175,000
Fair Value (in Dollars)		$ 4,642		$ 42,998
Investment, Identifier [Axis]: Equiniti Group PLC - Services: Business - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
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 (in Shares)		972,500		980,000
Cost (in Dollars)		$ 966,227		$ 973,017
Fair Value (in Dollars)		$ 983,441		$ 981,470
Investment, Identifier [Axis]: Evertec Group LLC - Banking, Finance, Insurance & Real Estate - Term Loan B (09/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.84%		8.83%
Maturity Date		Oct. 30, 2030		Oct. 30, 2030
Principal/ Number of Shares (in Shares)		1,125,000		1,125,000
Cost (in Dollars)		$ 1,110,023		$ 1,108,675
Fair Value (in Dollars)		$ 1,130,625		$ 1,123,594
Investment, Identifier [Axis]: EyeCare Partners, LLC - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.39%
Maturity Date				Feb. 18, 2027
Cost (in Dollars)				$ 1,951
Investment, Identifier [Axis]: FOCUS FINANCIAL PARTNERS, LLC - Banking, Finance, Insurance & Real Estate - Term Loan B7 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.08%
Maturity Date				Jun. 30, 2028
Principal/ Number of Shares (in Shares)				1,472,388
Cost (in Dollars)				$ 1,458,275
Fair Value (in Dollars)				$ 1,461,345
Investment, Identifier [Axis]: Fiesta Purchaser, Inc. - Beverage, Food & Tobacco - First Lien TLB - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.57%		9.32%
Maturity Date		Feb. 12, 2031		Feb. 12, 2031
Principal/ Number of Shares (in Shares)		498,750		500,000
Cost (in Dollars)		$ 494,258		$ 495,088
Fair Value (in Dollars)		$ 501,618		$ 499,315
Investment, Identifier [Axis]: Finco I LLC - Banking, Finance, Insurance & Real Estate - Term Loan B (08/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.31%
Maturity Date				Jun. 27, 2029
Principal/ Number of Shares (in Shares)				2,816,795
Cost (in Dollars)				$ 2,813,980
Fair Value (in Dollars)				$ 2,815,386
Investment, Identifier [Axis]: Finco I LLC - Banking, Finance, Insurance & Real Estate - Term Loan B (9/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Jun. 27, 2029
Principal/ Number of Shares (in Shares)		2,795,563
Cost (in Dollars)		$ 2,793,146
Fair Value (in Dollars)		$ 2,808,842
Investment, Identifier [Axis]: First Brands Group, LLC - Automotive - 1st Lien Term Loan (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5%		5%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		9.85%		10.57%
Maturity Date		Mar. 30, 2027		Mar. 30, 2027
Principal/ Number of Shares (in Shares)		4,825,000		4,862,500
Cost (in Dollars)		$ 4,789,935		$ 4,816,997
Fair Value (in Dollars)		$ 4,656,125		$ 4,868,578
Investment, Identifier [Axis]: First Eagle Investment Management - Banking, Finance, Insurance & Real Estate - Refinancing Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.95%
Maturity Date				Feb. 01, 2027
Principal/ Number of Shares (in Shares)				5,091,652
Cost (in Dollars)				$ 5,082,259
Fair Value (in Dollars)				$ 5,068,332
Investment, Identifier [Axis]: First Eagle Investment Management - Banking, Finance, Insurance & Real Estate - Term Loan B (02/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.60%
Maturity Date		Mar. 05, 2029
Principal/ Number of Shares (in Shares)		5,066,194
Cost (in Dollars)		$ 5,058,251
Fair Value (in Dollars)		$ 5,081,139
Investment, Identifier [Axis]: First Student Bidco Inc. - Transportation: Consumer - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.87%		8.61%
Maturity Date		Jul. 21, 2028		Jul. 21, 2028
Principal/ Number of Shares (in Shares)		709,476		715,360
Cost (in Dollars)		$ 706,391		$ 711,800
Fair Value (in Dollars)		$ 712,449		$ 709,694
Investment, Identifier [Axis]: First Student Bidco Inc. - Transportation: Consumer - Term Loan C - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.87%		8.61%
Maturity Date		Jul. 21, 2028		Jul. 21, 2028
Principal/ Number of Shares (in Shares)		216,966		216,966
Cost (in Dollars)		$ 216,012		$ 215,877
Fair Value (in Dollars)		$ 217,875		$ 215,248
Investment, Identifier [Axis]: Fitness International, LLC (LA Fitness) - Services: Consumer - Term Loan B (1/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		9.92%		10.58%
Maturity Date		Feb. 05, 2029		Feb. 05, 2029
Principal/ Number of Shares (in Shares)		1,194,000		1,200,000
Cost (in Dollars)		$ 1,163,022		$ 1,164,361
Fair Value (in Dollars)		$ 1,197,486		$ 1,165,500
Investment, Identifier [Axis]: Flutter Financing B.V. - Hotel, Gaming & Leisure - Term Loan B3 (11/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		6.60%		7.70%
Maturity Date		Nov. 25, 2030		Nov. 25, 2030
Principal/ Number of Shares (in Shares)		3,721,875		3,000,000
Cost (in Dollars)		$ 3,712,626		$ 2,992,850
Fair Value (in Dollars)		$ 3,741,266		$ 2,984,370
Investment, Identifier [Axis]: Flutter Financing B.V. - Hotel, Gaming & Leisure - Third Amendment 2028-B Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.86%
Maturity Date				Jul. 21, 2028
Principal/ Number of Shares (in Shares)				309,759
Cost (in Dollars)				$ 304,101
Fair Value (in Dollars)				$ 310,103
Investment, Identifier [Axis]: Franchise Group, Inc. (c) - Services: Consumer - First Out Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	4.75%
SOFR/LIBOR Floor	[1]	0.75%
Current Rate (All In)	[1]	10.39%
Maturity Date	[1]	Mar. 10, 2026
Principal/ Number of Shares (in Shares)	[1]	827,674
Cost (in Dollars)	[1]	$ 825,253
Fair Value (in Dollars)	[1]	$ 460,543
Investment, Identifier [Axis]: Franchise Group, Inc. (c) - Services: Consumer - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	4.75%
SOFR/LIBOR Floor	[1]	0.75%
Current Rate (All In)	[1]	9.57%
Maturity Date	[1]	Mar. 10, 2026
Principal/ Number of Shares (in Shares)	[1]	3,041,686
Cost (in Dollars)	[1]	$ 2,974,951
Fair Value (in Dollars)	[1]	$ 1,692,485
Investment, Identifier [Axis]: Franchise Group, Inc. (d) - Services: Consumer - Term Loan DIP New Money - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[2]	9%
SOFR/LIBOR Floor	[2]	1%
Current Rate (All In)	[2]	0%
Maturity Date	[2]	May 06, 2025
Principal/ Number of Shares (in Shares)	[2]
Cost (in Dollars)	[2]	$ (7,194)
Fair Value (in Dollars)	[2]	$ 2,572
Investment, Identifier [Axis]: Franchise Group, Inc. - Services: Consumer - First Out Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				10.36%
Maturity Date				Mar. 10, 2026
Principal/ Number of Shares (in Shares)				799,104
Cost (in Dollars)				$ 795,310
Fair Value (in Dollars)				$ 703,211
Investment, Identifier [Axis]: Franchise Group, Inc. - Services: Consumer - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		9%		4.75%
SOFR/LIBOR Floor		1%		0.75%
Current Rate (All In)		13.74%		10.33%
Maturity Date		May 06, 2025		Mar. 10, 2026
Principal/ Number of Shares (in Shares)		355,828		2,977,500
Cost (in Dollars)		$ 350,854		$ 2,874,281
Fair Value (in Dollars)		$ 352,270		$ 2,612,756
Investment, Identifier [Axis]: Franklin Square Holdings, L.P. - Banking, Finance, Insurance & Real Estate - Term Loan B (04/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Apr. 25, 2031
Principal/ Number of Shares (in Shares)		4,241,841
Cost (in Dollars)		$ 4,235,807
Fair Value (in Dollars)		$ 4,257,748
Investment, Identifier [Axis]: Franklin Square Holdings, LP
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.68%
Maturity Date				Aug. 01, 2025
Principal/ Number of Shares (in Shares)				4,263,723
Cost (in Dollars)				$ 4,255,884
Fair Value (in Dollars)				$ 4,258,394
Investment, Identifier [Axis]: Froneri International (R&R Ice Cream) - Beverage, Food & Tobacco - Term Loan B-2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.68%
Maturity Date				Jan. 29, 2027
Principal/ Number of Shares (in Shares)				1,930,000
Cost (in Dollars)				$ 1,928,989
Fair Value (in Dollars)				$ 1,928,340
Investment, Identifier [Axis]: Froneri International (R&R Ice Cream) - Beverage, Food & Tobacco - Term Loan B4 (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.57%
Maturity Date		Sep. 16, 2031
Principal/ Number of Shares (in Shares)		1,915,000
Cost (in Dollars)		$ 1,914,548
Fair Value (in Dollars)		$ 1,912,855
Investment, Identifier [Axis]: GGP Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.17%		2.96%
Maturity Date		Aug. 27, 2025		Aug. 27, 2025
Principal/ Number of Shares (in Shares)		2,374,877		2,781,634
Cost (in Dollars)		$ 2,316,895		$ 2,604,347
Fair Value (in Dollars)		$ 2,371,243		$ 2,766,864
Investment, Identifier [Axis]: GIP Pilot Acquisition Partners, L.P. - Energy: Oil & Gas - Term Loan (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.09%
Maturity Date		Oct. 04, 2030
Principal/ Number of Shares (in Shares)		453,688
Cost (in Dollars)		$ 451,738
Fair Value (in Dollars)		$ 456,524
Investment, Identifier [Axis]: GIP Pilot Acquisition Partners, L.P. - Energy: Oil & Gas - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.33%
Maturity Date				Oct. 04, 2030
Principal/ Number of Shares (in Shares)				500,000
Cost (in Dollars)				$ 497,577
Fair Value (in Dollars)				$ 499,585
Investment, Identifier [Axis]: GOLDEN WEST PACKAGING GROUP LLC - Forest Products & Paper - Term Loan (11/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.10%		10.69%
Maturity Date		Dec. 01, 2027		Dec. 01, 2027
Principal/ Number of Shares (in Shares)		1,800,000		1,875,000
Cost (in Dollars)		$ 1,791,369		$ 1,862,167
Fair Value (in Dollars)		$ 1,494,000		$ 1,556,250
Investment, Identifier [Axis]: GOTO GROUP, INC. - High Tech Industries - First Lien Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.47%		10.17%
Maturity Date		Apr. 30, 2028		Apr. 30, 2028
Principal/ Number of Shares (in Shares)		1,248,518		1,254,792
Cost (in Dollars)		$ 784,356		$ 730,596
Fair Value (in Dollars)		$ 1,108,060		$ 1,198,326
Investment, Identifier [Axis]: GOTO GROUP, INC. - High Tech Industries - Second-Out Term Loan (02/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.47%		10.17%
Maturity Date		Apr. 30, 2028		Apr. 30, 2028
Principal/ Number of Shares (in Shares)		1,724,144		1,732,808
Cost (in Dollars)		$ 1,651,504		$ 1,646,943
Fair Value (in Dollars)		$ 684,485		$ 1,199,970
Investment, Identifier [Axis]: GYP HOLDINGS III CORP. - Construction & Building - Term Loan (1/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.82%		7.58%
Maturity Date		May 12, 2030		May 12, 2030
Principal/ Number of Shares (in Shares)		247,505		249,375
Cost (in Dollars)		$ 246,479		$ 248,230
Fair Value (in Dollars)		$ 247,299		$ 249,375
Investment, Identifier [Axis]: Garrett LX III S.a r.l. - Automotive - Dollar Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.82%
Maturity Date				Apr. 30, 2028
Principal/ Number of Shares (in Shares)				1,466,250
Cost (in Dollars)				$ 1,461,820
Fair Value (in Dollars)				$ 1,465,634
Investment, Identifier [Axis]: Garrett LX III S.a r.l. - Automotive - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.34%
Maturity Date		Apr. 30, 2028
Principal/ Number of Shares (in Shares)		1,455,000
Cost (in Dollars)		$ 1,451,205
Fair Value (in Dollars)		$ 1,464,094
Investment, Identifier [Axis]: Gemini HDPE LLC - Chemicals, Plastics, & Rubber - Term Loan B (12/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.85%		8.57%
Maturity Date		Dec. 31, 2027		Dec. 31, 2027
Principal/ Number of Shares (in Shares)		2,101,237		2,183,488
Cost (in Dollars)		$ 2,092,761		$ 2,172,849
Fair Value (in Dollars)		$ 2,102,813		$ 2,163,466
Investment, Identifier [Axis]: Genesee & Wyoming, Inc. - Transportation: Cargo - Term Loan (11/19) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.45%
Maturity Date				Dec. 30, 2026
Principal/ Number of Shares (in Shares)				1,443,750
Cost (in Dollars)				$ 1,440,683
Fair Value (in Dollars)				$ 1,443,577
Investment, Identifier [Axis]: Genesee & Wyoming, Inc. - Transportation: Cargo - Term Loan B (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.60%
Maturity Date		Apr. 10, 2031
Principal/ Number of Shares (in Shares)		1,500,000
Cost (in Dollars)		$ 1,492,864
Fair Value (in Dollars)		$ 1,503,900
Investment, Identifier [Axis]: Global Tel*Link Corporation - Telecommunications - Term Loan (6/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		7.50%
SOFR/LIBOR Floor		3%
Current Rate (All In)		12.07%
Maturity Date		Jul. 31, 2029
Principal/ Number of Shares (in Shares)		4,821,101
Cost (in Dollars)		$ 4,750,449
Fair Value (in Dollars)		$ 4,681,289
Investment, Identifier [Axis]: Global Tel*Link Corporation - Telecommunications - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.68%
Maturity Date				Nov. 29, 2025
Principal/ Number of Shares (in Shares)				4,846,612
Cost (in Dollars)				$ 4,750,154
Fair Value (in Dollars)				$ 4,708,290
Investment, Identifier [Axis]: Go Daddy Operating Company, LLC - High Tech Industries - Term Loan 2/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.44%
Maturity Date				Aug. 10, 2027
Principal/ Number of Shares (in Shares)				947,411
Cost (in Dollars)				$ 947,411
Fair Value (in Dollars)				$ 946,984
Investment, Identifier [Axis]: Go Daddy Operating Company, LLC - High Tech Industries - Term Loan B7 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.32%
Maturity Date		May 30, 2031
Principal/ Number of Shares (in Shares)		942,594
Cost (in Dollars)		$ 942,594
Fair Value (in Dollars)		$ 943,499
Investment, Identifier [Axis]: Graham Packaging Co Inc - Containers, Packaging & Glass - Term Loan (2/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.44%
Maturity Date				Aug. 07, 2027
Principal/ Number of Shares (in Shares)				945,831
Cost (in Dollars)				$ 942,144
Fair Value (in Dollars)				$ 944,554
Investment, Identifier [Axis]: Graham Packaging Co Inc - Containers, Packaging & Glass - Term Loan B (07/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.07%
Maturity Date		Aug. 04, 2027
Principal/ Number of Shares (in Shares)		830,576
Cost (in Dollars)		$ 827,963
Fair Value (in Dollars)		$ 833,766
Investment, Identifier [Axis]: Great Outdoors Group, LLC - Retail - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.44%		9.19%
Maturity Date		Mar. 06, 2028		Mar. 06, 2028
Principal/ Number of Shares (in Shares)		962,725		970,169
Cost (in Dollars)		$ 960,449		$ 967,400
Fair Value (in Dollars)		$ 966,133		$ 969,994
Investment, Identifier [Axis]: Griffon Corporation - Consumer goods: Durable - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Jan. 24, 2029
Principal/ Number of Shares (in Shares)		142,813
Cost (in Dollars)		$ 142,636
Fair Value (in Dollars)		$ 143,438
Investment, Identifier [Axis]: Griffon Corporation - Consumer goods: Durable - Term Loan B -Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.75%
Maturity Date				Jan. 24, 2029
Principal/ Number of Shares (in Shares)				144,063
Cost (in Dollars)				$ 143,842
Fair Value (in Dollars)				$ 143,838
Investment, Identifier [Axis]: Grosvenor Capital Management Holdings, LLLP - Banking, Finance, Insurance & Real Estate - Amendment 5 Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.94%
Maturity Date				Feb. 24, 2028
Principal/ Number of Shares (in Shares)				2,807,931
Cost (in Dollars)				$ 2,806,739
Fair Value (in Dollars)				$ 2,807,061
Investment, Identifier [Axis]: Grosvenor Capital Management Holdings, LLLP - Banking, Finance, Insurance & Real Estate - Term Loan B (5/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Feb. 25, 2030
Principal/ Number of Shares (in Shares)		2,793,711
Cost (in Dollars)		$ 2,793,267
Fair Value (in Dollars)		$ 2,806,283
Investment, Identifier [Axis]: Groupe Solmax Inc. - Environmental Industries - Term Loan (6/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.44%		10.36%
Maturity Date		May 27, 2028		May 27, 2028
Principal/ Number of Shares (in Shares)		2,418,409		2,473,405
Cost (in Dollars)		$ 2,123,407		$ 2,125,105
Fair Value (in Dollars)		$ 2,220,197		$ 2,402,740
Investment, Identifier [Axis]: HLF Financing SARL (Herbalife) - Consumer goods: Non-durable - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		6.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		11.32%
Maturity Date		Apr. 12, 2029
Principal/ Number of Shares (in Shares)		3,077,445
Cost (in Dollars)		$ 3,075,506
Fair Value (in Dollars)		$ 3,038,331
Investment, Identifier [Axis]: HLF Financing SARL (Herbalife) - Consumer goods: Non-durable - Term Loan B (08/18) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.94%
Maturity Date				Aug. 18, 2025
Principal/ Number of Shares (in Shares)				3,116,400
Cost (in Dollars)				$ 3,113,557
Fair Value (in Dollars)				$ 3,044,598
Investment, Identifier [Axis]: Harbor Freight Tools USA, Inc. - Retail - Term Loan B (06/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.19%
Maturity Date				Oct. 19, 2027
Principal/ Number of Shares (in Shares)				3,344,665
Cost (in Dollars)				$ 3,330,419
Fair Value (in Dollars)				$ 3,319,212
Investment, Identifier [Axis]: Helix Gen Funding, LLc - Energy: Electricity - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.10%
Maturity Date				Dec. 31, 2027
Principal/ Number of Shares (in Shares)				932,597
Cost (in Dollars)				$ 915,944
Fair Value (in Dollars)				$ 933,763
Investment, Identifier [Axis]: Hertz Corporation (The) - Transportation: Consumer - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.34%		9.07%
Maturity Date		Jun. 30, 2028		Jun. 30, 2028
Principal/ Number of Shares (in Shares)		2,088,230		500,000
Cost (in Dollars)		$ 2,037,051		$ 490,436
Fair Value (in Dollars)		$ 1,851,028		$ 481,875
Investment, Identifier [Axis]: Hillman Group Inc. (The) (New) - Consumer goods: Durable - Term Loan B-1 (2/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		6.82%		8.19%
Maturity Date		Jul. 14, 2028		Jul. 14, 2028
Principal/ Number of Shares (in Shares)		2,723,502		3,172,373
Cost (in Dollars)		$ 2,721,899		$ 3,168,887
Fair Value (in Dollars)		$ 2,730,665		$ 3,167,266
Investment, Identifier [Axis]: Hilton Domestic Operating Company Inc. - Hotel, Gaming & Leisure - Term Loan B 4 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.34%		7.42%
Maturity Date		Nov. 08, 2030		Nov. 08, 2030
Principal/ Number of Shares (in Shares)		1,500,000		1,500,000
Cost (in Dollars)		$ 1,496,904		$ 1,496,471
Fair Value (in Dollars)		$ 1,508,820		$ 1,501,020
Investment, Identifier [Axis]: Hilton Grand Vacations Borrower LLC - Hotel, Gaming & Leisure - Term Loan (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.19%
Maturity Date				Aug. 02, 2028
Principal/ Number of Shares (in Shares)				497,455
Cost (in Dollars)				$ 497,455
Fair Value (in Dollars)				$ 496,834
Investment, Identifier [Axis]: Hilton Grand Vacations Borrower LLC - Hotel, Gaming & Leisure - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.18%		8.18%
Maturity Date		Aug. 02, 2028		Aug. 02, 2028
Principal/ Number of Shares (in Shares)		500,000		500,000
Cost (in Dollars)		$ 500,000		$ 500,000
Fair Value (in Dollars)		$ 502,500		$ 499,375
Investment, Identifier [Axis]: Holley Purchaser, Inc - Automotive - Term Loan (11/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.44%		9.19%
Maturity Date		Nov. 17, 2028		Nov. 17, 2028
Principal/ Number of Shares (in Shares)		2,195,737		2,254,003
Cost (in Dollars)		$ 2,190,375		$ 2,247,557
Fair Value (in Dollars)		$ 2,143,237		$ 2,188,795
Investment, Identifier [Axis]: Hudson River Trading LLC - Banking, Finance, Insurance & Real Estate - Term Loan (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.63%
Maturity Date		Mar. 29, 2030
Principal/ Number of Shares (in Shares)		5,790,000
Cost (in Dollars)		$ 5,702,726
Fair Value (in Dollars)		$ 5,799,669
Investment, Identifier [Axis]: Hudson River Trading LLC - Banking, Finance, Insurance & Real Estate - Term Loan (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.44%
Maturity Date				Mar. 17, 2028
Principal/ Number of Shares (in Shares)				5,835,000
Cost (in Dollars)				$ 5,798,864
Fair Value (in Dollars)				$ 5,792,171
Investment, Identifier [Axis]: Hunter Douglas Inc - Consumer goods: Durable - Term Loan B-1 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.02%		8.82%
Maturity Date		Feb. 26, 2029		Feb. 26, 2029
Principal/ Number of Shares (in Shares)		2,456,093		2,474,937
Cost (in Dollars)		$ 2,247,201		$ 2,235,702
Fair Value (in Dollars)		$ 2,462,233		$ 2,442,466
Investment, Identifier [Axis]: Hyperion Refinance S.a.r.l. - Banking, Finance, Insurance & Real Estate - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.07%		8.81%
Maturity Date		Feb. 15, 2031		Feb. 15, 2031
Principal/ Number of Shares (in Shares)		2,985,000		3,000,000
Cost (in Dollars)		$ 2,971,677		$ 2,985,024
Fair Value (in Dollars)		$ 2,996,850		$ 2,983,440
Investment, Identifier [Axis]: IMA Financial Group, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan (10/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		10%		9.19%
Maturity Date		Nov. 01, 2028		Nov. 01, 2028
Principal/ Number of Shares (in Shares)		2,446,324		2,458,728
Cost (in Dollars)		$ 2,438,849		$ 2,449,919
Fair Value (in Dollars)		$ 2,448,624		$ 2,452,581
Investment, Identifier [Axis]: INDY US BIDCO, LLC - Services: Business - Term Loan (11/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.44%		9.08%
Maturity Date		Mar. 06, 2028		Mar. 06, 2028
Principal/ Number of Shares (in Shares)		2,176,438		2,193,266
Cost (in Dollars)		$ 2,175,863		$ 2,192,568
Fair Value (in Dollars)		$ 2,166,100		$ 2,119,243
Investment, Identifier [Axis]: INEOS 226 Ltd. - Chemicals, Plastics, & Rubber - Term Loan 3/23 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.42%		9.18%
Maturity Date		Mar. 13, 2030		Mar. 13, 2030
Principal/ Number of Shares (in Shares)		493,750		497,500
Cost (in Dollars)		$ 489,613		$ 492,907
Fair Value (in Dollars)		$ 493,750		$ 490,450
Investment, Identifier [Axis]: INEOS US PETROCHEM LLC - Chemicals, Plastics, & Rubber - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.92%		9.68%
Maturity Date		Apr. 02, 2029		Apr. 02, 2029
Principal/ Number of Shares (in Shares)		2,701,299		2,714,874
Cost (in Dollars)		$ 2,651,063		$ 2,657,733
Fair Value (in Dollars)		$ 2,703,001		$ 2,667,363
Investment, Identifier [Axis]: INSTANT BRANDS HOLDINGS INC. (b) - Consumer goods: Durable - Term Loan 4/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[3]			4%
SOFR/LIBOR Floor	[3]			0.75%
Current Rate (All In)	[3]			14.50%
Maturity Date	[3]			Apr. 07, 2028
Principal/ Number of Shares (in Shares)	[3]			3,942,576
Cost (in Dollars)	[3]			$ 3,929,234
Fair Value (in Dollars)	[3]			$ 256,267
Investment, Identifier [Axis]: INSTANT BRANDS HOLDINGS INC. (c) - Consumer goods: Durable - PIK DIP Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]			3%
SOFR/LIBOR Floor	[1]			1%
Current Rate (All In)	[1]			15.45%
Maturity Date	[1]			Jan. 31, 2024
Principal/ Number of Shares (in Shares)	[1]			1,523,653
Cost (in Dollars)	[1]			$ 1,523,115
Fair Value (in Dollars)	[1]			$ 1,557,935
Investment, Identifier [Axis]: INSTANT BRANDS HOLDINGS INC. - Consumer goods: Durable - Instant Brands TL - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				14.50%
Maturity Date				Apr. 07, 2028
Principal/ Number of Shares (in Shares)				10,085
Cost (in Dollars)				$ 10,085
Fair Value (in Dollars)				$ 10,085
Investment, Identifier [Axis]: IRB Holding Corporation - Beverage, Food & Tobacco - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		7.42%		8.18%
Maturity Date		Dec. 15, 2027		Dec. 15, 2027
Principal/ Number of Shares (in Shares)		492,487		494,962
Cost (in Dollars)		$ 489,079		$ 490,830
Fair Value (in Dollars)		$ 494,511		$ 494,101
Investment, Identifier [Axis]: Idera, Inc. - High Tech Industries - Term Loan (02/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.21%
Maturity Date				Mar. 02, 2028
Principal/ Number of Shares (in Shares)				4,762,143
Cost (in Dollars)				$ 4,756,197
Fair Value (in Dollars)				$ 4,730,379
Investment, Identifier [Axis]: Idera, Inc. - High Tech Industries - Term Loan (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.07%
Maturity Date		Mar. 02, 2028
Principal/ Number of Shares (in Shares)		4,738,026
Cost (in Dollars)		$ 4,734,054
Fair Value (in Dollars)		$ 4,682,733
Investment, Identifier [Axis]: Ineos US Finance LLC - Chemicals, Plastics, & Rubber - Term Loan C - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.82%		8.93%
Maturity Date		Feb. 18, 2030		Feb. 18, 2030
Principal/ Number of Shares (in Shares)		992,500		995,000
Cost (in Dollars)		$ 984,319		$ 985,838
Fair Value (in Dollars)		$ 996,847		$ 985,259
Investment, Identifier [Axis]: Informatica Inc. - High Tech Industries - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Oct. 27, 2028
Principal/ Number of Shares (in Shares)		487,500
Cost (in Dollars)		$ 487,456
Fair Value (in Dollars)		$ 489,328
Investment, Identifier [Axis]: Informatica Inc. - High Tech Industries - Term Loan B (10/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.19%
Maturity Date				Oct. 27, 2028
Principal/ Number of Shares (in Shares)				491,250
Cost (in Dollars)				$ 491,064
Fair Value (in Dollars)				$ 491,250
Investment, Identifier [Axis]: Ingram Micro Inc. - Wholesale - Term Loan (09/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.61%
Maturity Date				Jun. 30, 2028
Principal/ Number of Shares (in Shares)				1,095,000
Cost (in Dollars)				$ 1,087,525
Fair Value (in Dollars)				$ 1,093,631
Investment, Identifier [Axis]: Ingram Micro Inc. - Wholesale - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.56%
Maturity Date		Sep. 17, 2031
Principal/ Number of Shares (in Shares)		693,439
Cost (in Dollars)		$ 689,349
Fair Value (in Dollars)		$ 699,507
Investment, Identifier [Axis]: Inmar, Inc. - Services: Business - Term Loan (06/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		9.60%		10.83%
Maturity Date		Oct. 30, 2031		May 01, 2026
Principal/ Number of Shares (in Shares)		3,308,125		3,333,250
Cost (in Dollars)		$ 3,228,689		$ 3,240,468
Fair Value (in Dollars)		$ 3,312,260		$ 3,305,117
Investment, Identifier [Axis]: Innophos, Inc. - Chemicals, Plastics, & Rubber - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.44%		8.58%
Maturity Date		Feb. 04, 2027		Feb. 04, 2027
Principal/ Number of Shares (in Shares)		477,500		481,250
Cost (in Dollars)		$ 476,860		$ 480,346
Fair Value (in Dollars)		$ 474,516		$ 475,475
Investment, Identifier [Axis]: Instant Brands Litigation Trust - Consumer goods: Durable -Equity Interest- Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		50,038
Cost (in Dollars)		$ 34,198
Fair Value (in Dollars)		$ 150,000
Investment, Identifier [Axis]: Isagenix International, LLC (c) - Beverage, Food & Tobacco - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	2.50%		2.50%
SOFR/LIBOR Floor	[1]	0%		0%
Current Rate (All In)	[1]	7.15%		2.50%
Maturity Date	[1]	Apr. 13, 2028		Apr. 13, 2028
Principal/ Number of Shares (in Shares)	[1]	1,348,264		1,258,790
Cost (in Dollars)	[1]	$ 977,195		$ 838,779
Fair Value (in Dollars)	[1]	$ 235,946		$ 1,082,559
Investment, Identifier [Axis]: Isagenix International, LLC - Beverage, Food & Tobacco - Common Stock - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		86,398		86,398
Investment, Identifier [Axis]: Isolved Inc. - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.48%
Maturity Date				Oct. 05, 2030
Principal/ Number of Shares (in Shares)				625,000
Cost (in Dollars)				$ 618,886
Fair Value (in Dollars)				$ 626,563
Investment, Identifier [Axis]: Isolved Inc. - Services: Business - Term Loan B (11/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.84%
Maturity Date		Oct. 15, 2030
Principal/ Number of Shares (in Shares)		621,879
Cost (in Dollars)		$ 616,218
Fair Value (in Dollars)		$ 626,356
Investment, Identifier [Axis]: JP Intermediate B, LLC - Consumer goods: Non-durable - Term Loan 7/23 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		6.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		14.25%		11.07%
Maturity Date		Nov. 20, 2027		Nov. 20, 2027
Principal/ Number of Shares (in Shares)		3,413,673		3,456,884
Cost (in Dollars)		$ 3,401,805		$ 3,442,560
Fair Value (in Dollars)		$ 164,300		$ 276,551
Investment, Identifier [Axis]: Jane Street Group - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.94%
Maturity Date				Jan. 26, 2028
Principal/ Number of Shares (in Shares)				3,880,000
Cost (in Dollars)				$ 3,878,565
Fair Value (in Dollars)				$ 3,869,602
Investment, Identifier [Axis]: Jane Street Group - Banking, Finance, Insurance & Real Estate - Term Loan B (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.51%
Maturity Date		Jan. 26, 2028
Principal/ Number of Shares (in Shares)		3,850,000
Cost (in Dollars)		$ 3,849,305
Fair Value (in Dollars)		$ 3,864,823
Investment, Identifier [Axis]: Journey Personal Care Corp. - Consumer goods: Non-durable - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.05%		9.69%
Maturity Date		Mar. 01, 2028		Mar. 01, 2028
Principal/ Number of Shares (in Shares)		2,902,500		2,925,000
Cost (in Dollars)		$ 2,862,195		$ 2,876,836
Fair Value (in Dollars)		$ 2,905,228		$ 2,850,647
Investment, Identifier [Axis]: KREF Holdings X LLC - Banking, Finance, Insurance & Real Estate - Term Loan (11/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.35%		8.93%
Maturity Date		Sep. 01, 2027		Sep. 01, 2027
Principal/ Number of Shares (in Shares)		482,603		486,325
Cost (in Dollars)		$ 477,180		$ 479,475
Fair Value (in Dollars)		$ 482,603		$ 464,440
Investment, Identifier [Axis]: Kleopatra Finco S.a r.l. - Containers, Packaging & Glass - Term Loan (1/21) (USD) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
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 (in Shares)		1,447,500		1,458,750
Cost (in Dollars)		$ 1,446,962		$ 1,456,824
Fair Value (in Dollars)		$ 1,381,335		$ 1,400,400
Investment, Identifier [Axis]: Kodiak BP, LLC - Construction & Building - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.86%
Maturity Date				Mar. 13, 2028
Principal/ Number of Shares (in Shares)				486,159
Cost (in Dollars)				$ 485,291
Fair Value (in Dollars)				$ 485,211
Investment, Identifier [Axis]: Kodiak BP, LLC - Construction & Building - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.32%
Maturity Date		Mar. 13, 2028
Principal/ Number of Shares (in Shares)		497,500
Cost (in Dollars)		$ 495,285
Fair Value (in Dollars)		$ 497,420
Investment, Identifier [Axis]: Kodiak BP, LLC - Construction & Building - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		7.94%
Maturity Date		Mar. 13, 2028
Principal/ Number of Shares (in Shares)		482,347
Cost (in Dollars)		$ 481,620
Fair Value (in Dollars)		$ 482,467
Investment, Identifier [Axis]: Koppers Inc - Chemicals, Plastics, & Rubber - Term Loan B (04/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.62%
Maturity Date		Apr. 10, 2030
Principal/ Number of Shares (in Shares)		987,550
Cost (in Dollars)		$ 962,956
Fair Value (in Dollars)		$ 992,488
Investment, Identifier [Axis]: Koppers Inc - Chemicals, Plastics, & Rubber - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.93%
Maturity Date				Apr. 10, 2030
Principal/ Number of Shares (in Shares)				995,006
Cost (in Dollars)				$ 967,558
Fair Value (in Dollars)				$ 998,121
Investment, Identifier [Axis]: LHS BORROWER, LLC - Construction & Building - Term Loan (02/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.42%		10.18%
Maturity Date		Feb. 16, 2029		Feb. 16, 2029
Principal/ Number of Shares (in Shares)		2,456,567		2,475,771
Cost (in Dollars)		$ 2,110,430		$ 2,084,045
Fair Value (in Dollars)		$ 2,362,407		$ 2,310,216
Investment, Identifier [Axis]: LOYALTY VENTURES INC. (b) - Services: Business - Loyalty Ventures Claims - Term Loan B
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[4]	5.50%
SOFR/LIBOR Floor	[4]	0.50%
Current Rate (All In)	[4]	14%
Maturity Date	[4]	Nov. 03, 2027
Principal/ Number of Shares (in Shares)	[4]	2,913,525
Cost (in Dollars)	[4]	$ 2,904,521
Fair Value (in Dollars)	[4]	$ 211,231
Investment, Identifier [Axis]: LOYALTY VENTURES INC. (b) - Services: Business - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[3]			5.50%
SOFR/LIBOR Floor	[3]			0.50%
Current Rate (All In)	[3]			14%
Maturity Date	[3]			Nov. 03, 2027
Principal/ Number of Shares (in Shares)	[3]			2,913,525
Cost (in Dollars)	[3]			$ 2,902,171
Fair Value (in Dollars)	[3]			$ 25,493
Investment, Identifier [Axis]: LPL Holdings, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B1 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.52%		7.18%
Maturity Date		Nov. 11, 2026		Nov. 11, 2026
Principal/ Number of Shares (in Shares)		1,186,065		1,195,404
Cost (in Dollars)		$ 1,185,668		$ 1,194,671
Fair Value (in Dollars)		$ 1,185,816		$ 1,194,125
Investment, Identifier [Axis]: LSF11 A5 HOLDCO LLC - Chemicals, Plastics, & Rubber - Term Loan (01/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.68%
Maturity Date				Oct. 14, 2028
Principal/ Number of Shares (in Shares)				1,492,500
Cost (in Dollars)				$ 1,473,942
Fair Value (in Dollars)				$ 1,491,754
Investment, Identifier [Axis]: LSF11 A5 HOLDCO LLC - Chemicals, Plastics, & Rubber - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.94%
Maturity Date				Oct. 16, 2028
Principal/ Number of Shares (in Shares)				245,625
Cost (in Dollars)				$ 244,848
Fair Value (in Dollars)				$ 244,473
Investment, Identifier [Axis]: LSF11 A5 HOLDCO LLC - Chemicals, Plastics, & Rubber - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.19%
Maturity Date		Oct. 15, 2028
Principal/ Number of Shares (in Shares)		1,724,904
Cost (in Dollars)		$ 1,708,336
Fair Value (in Dollars)		$ 1,735,254
Investment, Identifier [Axis]: LSF11 TRINITY BIDCO INC - Aerospace & Defense - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.09%
Maturity Date		Jun. 14, 2030
Principal/ Number of Shares (in Shares)		973,382
Cost (in Dollars)		$ 961,021
Fair Value (in Dollars)		$ 979,466
Investment, Identifier [Axis]: LSF11 TRINITY BIDCO INC - Aerospace & Defense - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.32%
Maturity Date				Jun. 14, 2030
Principal/ Number of Shares (in Shares)				980,756
Cost (in Dollars)				$ 967,038
Fair Value (in Dollars)				$ 980,756
Investment, Identifier [Axis]: LSF9 Atlantis Holdings, LLC (A Wireless) - Retail - Term Loan Extended - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		9.85%
Maturity Date		Mar. 31, 2029
Principal/ Number of Shares (in Shares)		2,706,059
Cost (in Dollars)		$ 2,641,182
Fair Value (in Dollars)		$ 2,732,280
Investment, Identifier [Axis]: LSF9 Atlantis Holdings, LLC(A Wireless) - Retail - Term Loan (2/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				6.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				11.83%
Maturity Date				Mar. 31, 2029
Principal/ Number of Shares (in Shares)				2,775,000
Cost (in Dollars)				$ 2,700,276
Fair Value (in Dollars)				$ 2,775,860
Investment, Identifier [Axis]: Lakeland Tours, LLC (c) - Hotel, Gaming & Leisure - Holdco Fixed Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	0%		0%
SOFR/LIBOR Floor	[1]	0%		0%
Current Rate (All In)	[1]	8%		8%
Maturity Date	[1]	Sep. 27, 2027		Sep. 27, 2027
Principal/ Number of Shares (in Shares)	[1]	1,127,568		1,127,568
Cost (in Dollars)	[1]	$ 653,045		$ 568,253
Fair Value (in Dollars)	[1]	$ 146,584		$ 761,108
Investment, Identifier [Axis]: Latham Pool Products, Inc. - Consumer goods: Durable - Term Loan 2/22 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.49%
Maturity Date		Feb. 23, 2029
Principal/ Number of Shares (in Shares)		994,406
Cost (in Dollars)		$ 980,719
Fair Value (in Dollars)		$ 976,388
Investment, Identifier [Axis]: Lealand Finance Company B.V. (c) - Energy: Oil & Gas - Exit Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	1%		1%
SOFR/LIBOR Floor	[1]	0%		0%
Current Rate (All In)	[1]	5.69%		6.44%
Maturity Date	[1]	Dec. 31, 2027		Jun. 30, 2025
Principal/ Number of Shares (in Shares)	[1]	363,957		355,751
Cost (in Dollars)	[1]	$ 363,957		$ 355,751
Fair Value (in Dollars)	[1]	$ 140,123		$ 138,149
Investment, Identifier [Axis]: Lifetime Brands, Inc - Consumer goods: Non-durable - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		10.24%		10.94%
Maturity Date		Aug. 26, 2027		Aug. 26, 2027
Principal/ Number of Shares (in Shares)		1,597,089		1,659,313
Cost (in Dollars)		$ 1,592,497		$ 1,653,207
Fair Value (in Dollars)		$ 1,547,180		$ 1,595,015
Investment, Identifier [Axis]: Liquid Tech Solutions Holdings, LLC - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.55%		10.19%
Maturity Date		Mar. 17, 2028		Mar. 17, 2028
Principal/ Number of Shares (in Shares)		967,500		975,000
Cost (in Dollars)		$ 965,961		$ 972,922
Fair Value (in Dollars)		$ 965,081		$ 957,938
Investment, Identifier [Axis]: Lumen Technologies Inc - Telecommunications - Term Loan B1 (3/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.35%
SOFR/LIBOR Floor		2%
Current Rate (All In)		7.04%
Maturity Date		Apr. 15, 2029
Principal/ Number of Shares (in Shares)		1,612,346
Cost (in Dollars)		$ 1,611,691
Fair Value (in Dollars)		$ 1,506,544
Investment, Identifier [Axis]: Lumen Technologies Inc - Telecommunications - Term Loan B2 (3/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.35%
SOFR/LIBOR Floor		2%
Current Rate (All In)		7.04%
Maturity Date		Apr. 15, 2030
Principal/ Number of Shares (in Shares)		1,612,346
Cost (in Dollars)		$ 1,611,682
Fair Value (in Dollars)		$ 1,493,435
Investment, Identifier [Axis]: MAGNITE, INC. - Services: Business - Term Loan B (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.82%
Maturity Date				Feb. 06, 2031
Principal/ Number of Shares (in Shares)				3,250,000
Cost (in Dollars)				$ 3,218,266
Fair Value (in Dollars)				$ 3,241,875
Investment, Identifier [Axis]: MAGNITE, INC. - Services: Business - Term Loan B (09/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.32%
Maturity Date		Feb. 06, 2031
Principal/ Number of Shares (in Shares)		3,241,875
Cost (in Dollars)		$ 3,212,215
Fair Value (in Dollars)		$ 3,274,294
Investment, Identifier [Axis]: MIWD Holdco II LLC - Construction & Building - Term Loan B2 (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.57%
Maturity Date		Mar. 21, 2031
Principal/ Number of Shares (in Shares)		498,750
Cost (in Dollars)		$ 496,372
Fair Value (in Dollars)		$ 502,805
Investment, Identifier [Axis]: MKS Instruments, Inc. - High Tech Industries - Term Loan B (07/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		6.84%
Maturity Date		Aug. 17, 2029
Principal/ Number of Shares (in Shares)		1,336,407
Cost (in Dollars)		$ 1,334,304
Fair Value (in Dollars)		$ 1,343,423
Investment, Identifier [Axis]: MKS Instruments, Inc. - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.82%
Maturity Date				Aug. 17, 2029
Principal/ Number of Shares (in Shares)				1,971,537
Cost (in Dollars)				$ 1,967,675
Fair Value (in Dollars)				$ 1,966,253
Investment, Identifier [Axis]: MPH Acquisition Holdings LLC (Multiplan) - Services: Business - Term Loan B (08/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.03%		9.85%
Maturity Date		Sep. 01, 2028		Sep. 01, 2028
Principal/ Number of Shares (in Shares)		2,939,394		2,962,121
Cost (in Dollars)		$ 2,744,556		$ 2,734,973
Fair Value (in Dollars)		$ 2,146,081		$ 2,861,320
Investment, Identifier [Axis]: Marriott Ownership Resorts, Inc. - Hotel, Gaming & Leisure - Term Loan (11/19) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				1.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.18%
Maturity Date				Aug. 29, 2025
Principal/ Number of Shares (in Shares)				1,317,074
Cost (in Dollars)				$ 1,317,074
Fair Value (in Dollars)				$ 1,312,543
Investment, Identifier [Axis]: Marriott Ownership Resorts, Inc. - Hotel, Gaming & Leisure -Term Loan B (3/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Apr. 01, 2031
Principal/ Number of Shares (in Shares)		1,313,781
Cost (in Dollars)		$ 1,313,781
Fair Value (in Dollars)		$ 1,315,016
Investment, Identifier [Axis]: Match Group, Inc, The - Services: Consumer - Term Loan (1/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.71%		7.27%
Maturity Date		Feb. 13, 2027		Feb. 15, 2027
Principal/ Number of Shares (in Shares)		250,000		250,000
Cost (in Dollars)		$ 249,794		$ 249,741
Fair Value (in Dollars)		$ 249,688		$ 249,063
Investment, Identifier [Axis]: Max US Bidco Inc. - Beverage, Food & Tobacco - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.57%		10.35%
Maturity Date		Oct. 03, 2030		Oct. 03, 2030
Principal/ Number of Shares (in Shares)		1,990,000		2,000,000
Cost (in Dollars)		$ 1,870,928		$ 1,870,298
Fair Value (in Dollars)		$ 1,898,460		$ 1,832,500
Investment, Identifier [Axis]: Mayfield Agency Borrower Inc. (FeeCo) - Banking, Finance, Insurance & Real Estate - First Lien Term Loan B (12/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.58%
Maturity Date				Feb. 28, 2028
Principal/ Number of Shares (in Shares)				3,432,772
Cost (in Dollars)				$ 3,346,276
Fair Value (in Dollars)				$ 3,432,772
Investment, Identifier [Axis]: Mayfield Agency Borrower Inc. (FeeCo) - Banking, Finance, Insurance & Real Estate - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.32%
Maturity Date		Feb. 28, 2028
Principal/ Number of Shares (in Shares)		3,415,608
Cost (in Dollars)		$ 3,345,894
Fair Value (in Dollars)		$ 3,435,521
Investment, Identifier [Axis]: McGraw-Hill Education, Inc. - Media: Advertising, Printing & Publishing - Term Loan (07/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.19%
Maturity Date				Jul. 28, 2028
Principal/ Number of Shares (in Shares)				1,955,000
Cost (in Dollars)				$ 1,940,387
Fair Value (in Dollars)				$ 1,946,281
Investment, Identifier [Axis]: McGraw-Hill Education, Inc. - Media: Advertising, Printing & Publishing - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.60%
Maturity Date		Aug. 01, 2031
Principal/ Number of Shares (in Shares)		1,299,171
Cost (in Dollars)		$ 1,290,698
Fair Value (in Dollars)		$ 1,314,709
Investment, Identifier [Axis]: MedAssets Software Inter Hldg, Inc. - High Tech Industries - FINThrive Software Intermediate Holdings Inc. - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.36%
Maturity Date		Dec. 18, 2028
Cost (in Dollars)		$ 5,230
Investment, Identifier [Axis]: MedAssets Software Inter Hldg, Inc. - High Tech Industries - Term Loan (11/21) (USD) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.44%
Maturity Date				Dec. 18, 2028
Principal/ Number of Shares (in Shares)				491,250
Cost (in Dollars)				$ 488,835
Fair Value (in Dollars)				$ 409,275
Investment, Identifier [Axis]: Mermaid Bidco Inc. - High Tech Industries - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.88%
Maturity Date				Dec. 22, 2027
Principal/ Number of Shares (in Shares)				1,966,412
Cost (in Dollars)				$ 1,947,595
Fair Value (in Dollars)				$ 1,968,870
Investment, Identifier [Axis]: Michaels Companies Inc - Retail - Term Loan B (Magic Mergeco) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.12%		9.86%
Maturity Date		Apr. 08, 2028		Apr. 08, 2028
Principal/ Number of Shares (in Shares)		2,423,612		2,442,400
Cost (in Dollars)		$ 2,412,391		$ 2,429,364
Fair Value (in Dollars)		$ 1,785,475		$ 1,996,417
Investment, Identifier [Axis]: Momentive Performance Materials Inc. - Chemicals, Plastics, & Rubber - Term Loan (03/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.57%		9.83%
Maturity Date		Mar. 28, 2028		Mar. 28, 2028
Principal/ Number of Shares (in Shares)		492,500		496,250
Cost (in Dollars)		$ 478,031		$ 479,007
Fair Value (in Dollars)		$ 494,194		$ 485,084
Investment, Identifier [Axis]: Moneygram International, Inc. - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.88%
Maturity Date				May 31, 2030
Principal/ Number of Shares (in Shares)				2,993,750
Cost (in Dollars)				$ 2,617,290
Fair Value (in Dollars)				$ 2,936,989
Investment, Identifier [Axis]: Moneygram International, Inc. - Services: Business - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.68%
Maturity Date		Jun. 01, 2030
Principal/ Number of Shares (in Shares)		2,971,316
Cost (in Dollars)		$ 2,628,009
Fair Value (in Dollars)		$ 2,888,683
Investment, Identifier [Axis]: Mosel Bidco SE - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.50%		4.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.10%		10.10%
Maturity Date		Sep. 28, 2030		Sep. 16, 2030
Principal/ Number of Shares (in Shares)		500,000		500,000
Cost (in Dollars)		$ 495,581		$ 495,262
Fair Value (in Dollars)		$ 505,625		$ 500,625
Investment, Identifier [Axis]: NAB Holdings, LLC (North American Bancard) - Banking, Finance, Insurance & Real Estate - Term Loan (11/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.25%
Maturity Date				Nov. 23, 2028
Principal/ Number of Shares (in Shares)				2,940,000
Cost (in Dollars)				$ 2,935,048
Fair Value (in Dollars)				$ 2,929,504
Investment, Identifier [Axis]: NAB Holdings, LLC (North American Bancard) - Banking, Finance, Insurance & Real Estate - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.35%
Maturity Date		Nov. 23, 2028
Principal/ Number of Shares (in Shares)		2,917,838
Cost (in Dollars)		$ 2,913,688
Fair Value (in Dollars)		$ 2,915,766
Investment, Identifier [Axis]: Napa Management Services Corp - Healthcare & Pharmaceuticals - Term Loan B (02/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.92%		10.68%
Maturity Date		Feb. 22, 2029		Feb. 22, 2029
Principal/ Number of Shares (in Shares)		2,947,103		2,969,773
Cost (in Dollars)		$ 2,483,465		$ 2,447,043
Fair Value (in Dollars)		$ 2,733,438		$ 2,806,436
Investment, Identifier [Axis]: Natgasoline LLC - Chemicals, Plastics, & Rubber - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.02%		8.94%
Maturity Date		Nov. 14, 2025		Nov. 14, 2025
Principal/ Number of Shares (in Shares)		3,278,801		3,305,649
Cost (in Dollars)		$ 3,272,511		$ 3,294,914
Fair Value (in Dollars)		$ 3,237,816		$ 3,289,120
Investment, Identifier [Axis]: National Mentor Holdings, Inc. - Healthcare & Pharmaceuticals - Term Loan 2/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.42%		9.18%
Maturity Date		Mar. 02, 2028		Mar. 02, 2028
Principal/ Number of Shares (in Shares)		2,687,310		2,708,195
Cost (in Dollars)		$ 2,682,245		$ 2,701,639
Fair Value (in Dollars)		$ 2,655,949		$ 2,522,007
Investment, Identifier [Axis]: National Mentor Holdings, Inc. - Healthcare & Pharmaceuticals - Term Loan C 2/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.45%		9.20%
Maturity Date		Mar. 02, 2028		Mar. 02, 2028
Principal/ Number of Shares (in Shares)		87,464		87,464
Cost (in Dollars)		$ 87,236		$ 87,200
Fair Value (in Dollars)		$ 86,443		$ 81,450
Investment, Identifier [Axis]: New Trojan Parent, Inc. (c) - Consumer goods: Durable - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]			5.25%
SOFR/LIBOR Floor	[1]			0.50%
Current Rate (All In)	[1]			10.69%
Maturity Date	[1]			Jan. 06, 2028
Principal/ Number of Shares (in Shares)	[1]
Cost (in Dollars)	[1]			$ 40,239
Fair Value (in Dollars)	[1]
Investment, Identifier [Axis]: Nexstar Broadcasting, Inc. (Mission Broadcasting) - Media: Broadcasting & Subscription - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.19%		7.94%
Maturity Date		Sep. 18, 2026		Sep. 18, 2026
Principal/ Number of Shares (in Shares)		635,091		657,625
Cost (in Dollars)		$ 632,598		$ 654,056
Fair Value (in Dollars)		$ 636,958		$ 655,705
Investment, Identifier [Axis]: Next Level Apparel, Inc. - Retail - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
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 (in Shares)		2,404,573		2,605,709
Cost (in Dollars)		$ 2,390,217		$ 2,579,219
Fair Value (in Dollars)		$ 1,890,595		$ 2,019,425
Investment, Identifier [Axis]: NortonLifeLock Inc. - High Tech Industries - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		6.32%
Maturity Date		Sep. 12, 2029
Principal/ Number of Shares (in Shares)		973,750
Cost (in Dollars)		$ 970,732
Fair Value (in Dollars)		$ 974,363
Investment, Identifier [Axis]: NortonLifeLock Inc. - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.43%
Maturity Date				Sep. 12, 2029
Principal/ Number of Shares (in Shares)				997,195
Cost (in Dollars)				$ 993,475
Fair Value (in Dollars)				$ 994,014
Investment, Identifier [Axis]: Nouryon Finance B.V. - Chemicals, Plastics, & Rubber - Term Loan (05/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.42%
Maturity Date				Apr. 03, 2028
Principal/ Number of Shares (in Shares)				498,747
Cost (in Dollars)				$ 494,084
Fair Value (in Dollars)				$ 498,228
Investment, Identifier [Axis]: Nouryon Finance B.V. - Chemicals, Plastics, & Rubber - Term Loan B (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.66%
Maturity Date		Apr. 03, 2028
Principal/ Number of Shares (in Shares)		488,548
Cost (in Dollars)		$ 484,738
Fair Value (in Dollars)		$ 493,228
Investment, Identifier [Axis]: Nouryon Finance B.V. - Chemicals, Plastics, & Rubber - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.42%
Maturity Date				Apr. 03, 2028
Principal/ Number of Shares (in Shares)				497,500
Cost (in Dollars)				$ 492,525
Fair Value (in Dollars)				$ 497,192
Investment, Identifier [Axis]: Novae LLC - Automotive - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.69%		10.52%
Maturity Date		Dec. 22, 2028		Dec. 22, 2028
Principal/ Number of Shares (in Shares)		1,950,000		1,965,000
Cost (in Dollars)		$ 1,940,284		$ 1,954,113
Fair Value (in Dollars)		$ 1,901,250		$ 1,948,632
Investment, Identifier [Axis]: Nuvei Technologies Corp. - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.43%
Maturity Date				Dec. 19, 2030
Principal/ Number of Shares (in Shares)				2,100,000
Cost (in Dollars)				$ 2,084,250
Fair Value (in Dollars)				$ 2,100,336
Investment, Identifier [Axis]: Olaplex, Inc. - Consumer goods: Non-durable - Term Loan (2/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.17%		8.93%
Maturity Date		Feb. 23, 2029		Feb. 23, 2029
Principal/ Number of Shares (in Shares)		2,448,552		2,467,387
Cost (in Dollars)		$ 2,369,471		$ 2,376,707
Fair Value (in Dollars)		$ 2,313,049		$ 2,249,442
Investment, Identifier [Axis]: Open Text Corporation - High Tech Industries - Term Loan B (08/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		6.44%		8.18%
Maturity Date		Jan. 31, 2030		Jan. 31, 2030
Principal/ Number of Shares (in Shares)		925,633		1,380,397
Cost (in Dollars)		$ 903,173		$ 1,343,151
Fair Value (in Dollars)		$ 926,984		$ 1,381,267
Investment, Identifier [Axis]: Organon & Co. - Healthcare & Pharmaceuticals - Term Loan USD - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.43%
Maturity Date				Jun. 02, 2028
Principal/ Number of Shares (in Shares)				2,118,750
Cost (in Dollars)				$ 2,112,577
Fair Value (in Dollars)				$ 2,120,085
Investment, Identifier [Axis]: Oxbow Carbon, LLC - Metals & Mining - Term Loan B (04/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.07%		9.43%
Maturity Date		May 02, 2030		May 02, 2030
Principal/ Number of Shares (in Shares)		493,750		497,500
Cost (in Dollars)		$ 485,406		$ 488,294
Fair Value (in Dollars)		$ 491,592		$ 496,669
Investment, Identifier [Axis]: PACIFIC DENTAL SERVICES, LLC - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.94%
Maturity Date				Apr. 21, 2028
Principal/ Number of Shares (in Shares)				895,408
Cost (in Dollars)				$ 894,474
Fair Value (in Dollars)				$ 893,734
Investment, Identifier [Axis]: PACIFIC DENTAL SERVICES, LLC - Healthcare & Pharmaceuticals - Term Loan B (02//24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.36%
Maturity Date		Mar. 17, 2031
Principal/ Number of Shares (in Shares)		1,194,000
Cost (in Dollars)		$ 1,192,946
Fair Value (in Dollars)		$ 1,201,833
Investment, Identifier [Axis]: PACTIV EVERGREEN GROUP HOLDINGS INC. - Containers, Packaging & Glass - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.69%
Maturity Date				Sep. 20, 2028
Principal/ Number of Shares (in Shares)				975,000
Cost (in Dollars)				$ 971,827
Fair Value (in Dollars)				$ 975,994
Investment, Identifier [Axis]: PACTIV EVERGREEN GROUP HOLDINGS INC. - Containers, Packaging & Glass - Term Loan B4 (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.07%
Maturity Date		Sep. 24, 2028
Principal/ Number of Shares (in Shares)		921,247
Cost (in Dollars)		$ 918,888
Fair Value (in Dollars)		$ 927,152
Investment, Identifier [Axis]: PAR PETROLEUM LLC - Energy: Oil & Gas - Term Loan 2/23 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.69%
Maturity Date				Feb. 27, 2030
Principal/ Number of Shares (in Shares)				2,483,737
Cost (in Dollars)				$ 2,460,184
Fair Value (in Dollars)				$ 2,482,198
Investment, Identifier [Axis]: PAR PETROLEUM LLC - Energy: Oil & Gas - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.33%
Maturity Date		Feb. 28, 2030
Principal/ Number of Shares (in Shares)		2,464,969
Cost (in Dollars)		$ 2,443,742
Fair Value (in Dollars)		$ 2,445,964
Investment, Identifier [Axis]: PATAGONIA HOLDCO LLC - Telecommunications - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
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 (in Shares)		2,954,924		1,975,000
Cost (in Dollars)		$ 2,624,512		$ 1,671,950
Fair Value (in Dollars)		$ 2,778,870		$ 1,816,013
Investment, Identifier [Axis]: PCI Gaming Authority - Hotel, Gaming & Leisure - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%		2.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.57%		7.94%
Maturity Date		Jul. 18, 2031		May 29, 2026
Principal/ Number of Shares (in Shares)		792,504		794,490
Cost (in Dollars)		$ 791,446		$ 793,022
Fair Value (in Dollars)		$ 790,895		$ 794,156
Investment, Identifier [Axis]: PEARLS (Netherlands) Bidco B.V. - Chemicals, Plastics, & Rubber - USD Term Loan (02/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.59%		9.06%
Maturity Date		Feb. 28, 2029		Feb. 28, 2029
Principal/ Number of Shares (in Shares)		976,067		982,500
Cost (in Dollars)		$ 974,938		$ 981,042
Fair Value (in Dollars)		$ 984,003		$ 972,066
Investment, Identifier [Axis]: PEDIATRIC ASSOCIATES HOLDING COMPANY, LLC - Healthcare & Pharmaceuticals - Term Loan (12/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.10%		8.69%
Maturity Date		Dec. 29, 2028		Dec. 29, 2028
Principal/ Number of Shares (in Shares)		1,463,382		1,474,639
Cost (in Dollars)		$ 1,459,636		$ 1,470,327
Fair Value (in Dollars)		$ 1,419,320		$ 1,325,332
Investment, Identifier [Axis]: PHYSICIAN PARTNERS, LLC - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.74%		9.46%
Maturity Date		Dec. 23, 2028		Dec. 23, 2028
Principal/ Number of Shares (in Shares)		2,936,095		2,958,680
Cost (in Dollars)		$ 2,885,602		$ 2,899,926
Fair Value (in Dollars)		$ 1,178,108		$ 2,608,254
Investment, Identifier [Axis]: PMHC II, INC. - Chemicals, Plastics, & Rubber - Term Loan (02/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.06%		9.72%
Maturity Date		Apr. 21, 2029		Apr. 21, 2029
Principal/ Number of Shares (in Shares)		1,960,000		1,975,000
Cost (in Dollars)		$ 1,953,553		$ 1,967,432
Fair Value (in Dollars)		$ 1,958,785		$ 1,926,968
Investment, Identifier [Axis]: PRIORITY HOLDINGS, LLC - Services: Consumer - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5.75%
SOFR/LIBOR Floor				1%
Current Rate (All In)				11.19%
Maturity Date				Apr. 27, 2027
Principal/ Number of Shares (in Shares)				2,925,000
Cost (in Dollars)				$ 2,906,770
Fair Value (in Dollars)				$ 2,921,344
Investment, Identifier [Axis]: PRIORITY HOLDINGS, LLC - Services: Consumer - Term Loan B (5/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.32%
Maturity Date		May 16, 2031
Principal/ Number of Shares (in Shares)		2,910,206
Cost (in Dollars)		$ 2,894,086
Fair Value (in Dollars)		$ 2,911,108
Investment, Identifier [Axis]: PUG LLC - Services: Consumer - Term Loan B (02/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.94%
Maturity Date				Feb. 12, 2027
Principal/ Number of Shares (in Shares)				475,176
Cost (in Dollars)				$ 474,168
Fair Value (in Dollars)				$ 466,010
Investment, Identifier [Axis]: PUG LLC - Services: Consumer - Term Loan B (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		9.32%
Maturity Date		Mar. 15, 2030
Principal/ Number of Shares (in Shares)		466,953
Cost (in Dollars)		$ 466,078
Fair Value (in Dollars)		$ 466,855
Investment, Identifier [Axis]: Pacific Gas & Electric - Utilities: Electric - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.83%
Maturity Date				Jun. 23, 2027
Principal/ Number of Shares (in Shares)				250,000
Cost (in Dollars)				$ 248,893
Fair Value (in Dollars)				$ 249,923
Investment, Identifier [Axis]: Padagis LLC - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.60%		10.34%
Maturity Date		Jul. 06, 2028		Jul. 06, 2028
Principal/ Number of Shares (in Shares)		941,176		941,176
Cost (in Dollars)		$ 935,433		$ 934,588
Fair Value (in Dollars)		$ 865,882		$ 896,471
Investment, Identifier [Axis]: Pathway Partners Vet Management Company LLC - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.44%		9.19%
Maturity Date		Mar. 31, 2027		Mar. 30, 2027
Principal/ Number of Shares (in Shares)		477,821		481,544
Cost (in Dollars)		$ 473,330		$ 475,840
Fair Value (in Dollars)		$ 400,237		$ 411,321
Investment, Identifier [Axis]: Penn National Gaming, Inc - Hotel, Gaming & Leisure - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.42%		8.18%
Maturity Date		May 03, 2029		May 03, 2029
Principal/ Number of Shares (in Shares)		977,500		985,000
Cost (in Dollars)		$ 974,252		$ 981,209
Fair Value (in Dollars)		$ 979,455		$ 979,720
Investment, Identifier [Axis]: Peraton Corp. - Aerospace & Defense - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.42%		9.18%
Maturity Date		Feb. 01, 2028		Feb. 01, 2028
Principal/ Number of Shares (in Shares)		5,195,081		5,236,340
Cost (in Dollars)		$ 5,186,501		$ 5,225,013
Fair Value (in Dollars)		$ 4,869,557		$ 5,236,340
Investment, Identifier [Axis]: Pitney Bowes Inc - Services: Business - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.69%		9.44%
Maturity Date		Mar. 17, 2028		Mar. 17, 2028
Principal/ Number of Shares (in Shares)		3,869,748		3,899,823
Cost (in Dollars)		$ 3,851,488		$ 3,878,054
Fair Value (in Dollars)		$ 3,908,445		$ 3,880,324
Investment, Identifier [Axis]: Plastipak Holdings Inc. - Containers, Packaging & Glass - Term Loan B (11/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.93%
Maturity Date				Dec. 01, 2028
Principal/ Number of Shares (in Shares)				1,795,294
Cost (in Dollars)				$ 1,789,191
Fair Value (in Dollars)				$ 1,791,309
Investment, Identifier [Axis]: Plastipak Holdings Inc. - Containers, Packaging & Glass - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		6.82%
Maturity Date		Dec. 01, 2028
Principal/ Number of Shares (in Shares)		1,795,294
Cost (in Dollars)		$ 1,790,211
Fair Value (in Dollars)		$ 1,801,183
Investment, Identifier [Axis]: Playtika Holding Corp. - High Tech Industries - Term Loan B (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		7.44%		8.19%
Maturity Date		Mar. 13, 2028		Mar. 13, 2028
Principal/ Number of Shares (in Shares)		4,342,500		4,376,250
Cost (in Dollars)		$ 4,337,712		$ 4,370,414
Fair Value (in Dollars)		$ 4,358,350		$ 4,362,377
Investment, Identifier [Axis]: PointClickCare Technologies, Inc. - High Tech Industries - Term Loan B (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.82%
Maturity Date		Nov. 03, 2031
Principal/ Number of Shares (in Shares)		482,575
Cost (in Dollars)		$ 481,320
Fair Value (in Dollars)		$ 485,591
Investment, Identifier [Axis]: PointClickCare Technologies, Inc. - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.61%
Maturity Date				Dec. 29, 2027
Principal/ Number of Shares (in Shares)				486,250
Cost (in Dollars)				$ 484,831
Fair Value (in Dollars)				$ 485,642
Investment, Identifier [Axis]: Polymer Process Holdings, Inc. - Containers, Packaging & Glass - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%		4.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.44%		10.19%
Maturity Date		Feb. 12, 2028		Feb. 12, 2028
Principal/ Number of Shares (in Shares)		4,020,266		5,348,750
Cost (in Dollars)		$ 3,999,162		$ 5,313,507
Fair Value (in Dollars)		$ 4,002,697		$ 5,071,310
Investment, Identifier [Axis]: Pre-Paid Legal Services, Inc. - Services: Consumer - Term Loan (12/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.44%		9.19%
Maturity Date		Dec. 15, 2028		Dec. 15, 2028
Principal/ Number of Shares (in Shares)		2,925,000		2,947,500
Cost (in Dollars)		$ 2,909,258		$ 2,929,343
Fair Value (in Dollars)		$ 2,934,331		$ 2,939,512
Investment, Identifier [Axis]: Presidio, Inc. - Services: Business - Term Loan B (1/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.91%
Maturity Date				Jan. 22, 2027
Principal/ Number of Shares (in Shares)				482,500
Cost (in Dollars)				$ 482,164
Fair Value (in Dollars)				$ 483,103
Investment, Identifier [Axis]: PriSo Acquisition Corporation - Construction & Building - Term Loan (01/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.10%		8.84%
Maturity Date		Dec. 28, 2027		Dec. 28, 2027
Principal/ Number of Shares (in Shares)		482,490		486,242
Cost (in Dollars)		$ 481,373		$ 484,862
Fair Value (in Dollars)		$ 476,623		$ 472,311
Investment, Identifier [Axis]: Prime Security Services Borrower, LLC (ADT) - Services: Consumer - Term Loan B (04/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.91%
Maturity Date		Oct. 14, 2030
Principal/ Number of Shares (in Shares)		1,990,013
Cost (in Dollars)		$ 1,972,697
Fair Value (in Dollars)		$ 1,994,052
Investment, Identifier [Axis]: Prime Security Services Borrower, LLC (ADT) - Services: Consumer - Term Loan B (10/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.83%
Maturity Date				Oct. 11, 2030
Principal/ Number of Shares (in Shares)				2,000,000
Cost (in Dollars)				$ 1,980,728
Fair Value (in Dollars)				$ 1,998,300
Investment, Identifier [Axis]: Project Leopard Holdings, Inc. (NEW) - High Tech Industries - Term Loan B (06/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%		5.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.94%		10.66%
Maturity Date		Jul. 20, 2029		Jul. 20, 2029
Principal/ Number of Shares (in Shares)		982,500		990,000
Cost (in Dollars)		$ 931,073		$ 931,883
Fair Value (in Dollars)		$ 876,724		$ 907,711
Investment, Identifier [Axis]: Propulsion (BC) Finco - Aerospace & Defense - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.10%
Maturity Date				Sep. 14, 2029
Principal/ Number of Shares (in Shares)				750,000
Cost (in Dollars)				$ 742,504
Fair Value (in Dollars)				$ 748,748
Investment, Identifier [Axis]: Propulsion (BC) Finco - Aerospace & Defense - Term Loan B (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.87%
Maturity Date		Sep. 14, 2029
Principal/ Number of Shares (in Shares)		744,318
Cost (in Dollars)		$ 737,577
Fair Value (in Dollars)		$ 750,369
Investment, Identifier [Axis]: QUEST BORROWER LIMITED - High Tech Industries - Term Loan (1/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.71%
Maturity Date				Feb. 01, 2029
Principal/ Number of Shares (in Shares)				1,970,000
Cost (in Dollars)				$ 1,954,941
Fair Value (in Dollars)				$ 1,552,734
Investment, Identifier [Axis]: Quartz AcquireCo, LLC - High Tech Industries - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.35%
Maturity Date		Jun. 28, 2030
Principal/ Number of Shares (in Shares)		1,238,120
Cost (in Dollars)		$ 1,229,494
Fair Value (in Dollars)		$ 1,242,763
Investment, Identifier [Axis]: Quartz AcquireCo, LLC - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.83%
Maturity Date				Jun. 28, 2030
Principal/ Number of Shares (in Shares)				997,500
Cost (in Dollars)				$ 988,167
Fair Value (in Dollars)				$ 996,253
Investment, Identifier [Axis]: Quikrete Holdings, Inc. - Construction & Building - Quikrete 3/24 (2031) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.07%
Maturity Date		Apr. 14, 2031
Principal/ Number of Shares (in Shares)		995,000
Cost (in Dollars)		$ 992,642
Fair Value (in Dollars)		$ 993,508
Investment, Identifier [Axis]: R1 RCM INC. - Healthcare & Pharmaceuticals - Term Loan (12/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
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 (in Shares)		1,200,000		1,200,000
Cost (in Dollars)		$ 1,185,480		$ 1,185,480
Fair Value (in Dollars)		$ 1,204,200		$ 1,200,000
Investment, Identifier [Axis]: R1 RCM INC. - Healthcare & Pharmaceuticals - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.33%
Maturity Date				Jun. 21, 2029
Principal/ Number of Shares (in Shares)				1,200,000
Cost (in Dollars)				$ 1,185,733
Fair Value (in Dollars)				$ 1,200,000
Investment, Identifier [Axis]: RAND PARENT LLC - Transportation: Cargo - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		4.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.35%		9.60%
Maturity Date		Mar. 16, 2030		Mar. 16, 2030
Principal/ Number of Shares (in Shares)		2,462,578		2,481,250
Cost (in Dollars)		$ 2,389,704		$ 2,400,653
Fair Value (in Dollars)		$ 2,473,980		$ 2,476,213
Investment, Identifier [Axis]: RV Retailer LLC - Automotive - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		8.50%
Maturity Date		Feb. 08, 2028
Principal/ Number of Shares (in Shares)		2,905,350
Cost (in Dollars)		$ 2,874,547
Fair Value (in Dollars)		$ 2,706,333
Investment, Identifier [Axis]: RV Retailer LLC - Automotive- Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.17%
Maturity Date				Feb. 08, 2028
Principal/ Number of Shares (in Shares)				2,927,756
Cost (in Dollars)				$ 2,890,768
Fair Value (in Dollars)				$ 2,728,317
Investment, Identifier [Axis]: Rackspace Technology Global, Inc. - High Tech Industries - Super-Priority Term Loan (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		6.25%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		11%
Maturity Date		May 15, 2028
Principal/ Number of Shares (in Shares)		548,287
Cost (in Dollars)		$ 543,428
Fair Value (in Dollars)		$ 563,069
Investment, Identifier [Axis]: Rackspace Technology Global, Inc. - High Tech Industries - Term Loan (1/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.19%
Maturity Date				Feb. 15, 2028
Principal/ Number of Shares (in Shares)				2,944,353
Cost (in Dollars)				$ 2,869,199
Fair Value (in Dollars)				$ 1,278,173
Investment, Identifier [Axis]: Rackspace Technology Global, Inc. - High Tech Industries - Term Loan (3/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0.75%
Current Rate (All In)		7.50%
Maturity Date		May 15, 2028
Principal/ Number of Shares (in Shares)		2,045,392
Cost (in Dollars)		$ 1,104,879
Fair Value (in Dollars)		$ 1,238,751
Investment, Identifier [Axis]: RealPage, Inc. - High Tech Industries - Term Loan (04/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.69%		8.44%
Maturity Date		Apr. 24, 2028		Apr. 24, 2028
Principal/ Number of Shares (in Shares)		970,000		977,500
Cost (in Dollars)		$ 969,177		$ 976,326
Fair Value (in Dollars)		$ 963,210		$ 950,501
Investment, Identifier [Axis]: Rent-A-Center, Inc. - Retail - Term Loan B2 (9/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.34%		9.12%
Maturity Date		Feb. 17, 2028		Feb. 17, 2028
Principal/ Number of Shares (in Shares)		1,845,141		1,860,192
Cost (in Dollars)		$ 1,818,512		$ 1,827,856
Fair Value (in Dollars)		$ 1,849,754		$ 1,856,323
Investment, Identifier [Axis]: Research Now Group, Inc - Media: Advertising, Printing & Publishing - Common Stock - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		39,808
Cost (in Dollars)		$ 557,312
Fair Value (in Dollars)		$ 676,736
Investment, Identifier [Axis]: Research Now Group, Inc - Media: Advertising, Printing & Publishing - Second-Out Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.29%
Maturity Date		Jul. 15, 2028
Principal/ Number of Shares (in Shares)		2,894,682
Cost (in Dollars)		$ 2,767,068
Fair Value (in Dollars)		$ 2,677,581
Investment, Identifier [Axis]: Research Now Group, Inc - Media: Advertising, Printing & Publishing - Term Loan (07/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5%
SOFR/LIBOR Floor		1%
Current Rate (All In)		10.38%
Maturity Date		Jul. 15, 2028
Principal/ Number of Shares (in Shares)		339,588
Cost (in Dollars)		$ 335,009
Fair Value (in Dollars)		$ 339,870
Investment, Identifier [Axis]: Research Now Group, Inc - Media: Advertising, Printing & Publishing - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				11.07%
Maturity Date				Dec. 20, 2024
Principal/ Number of Shares (in Shares)				4,252,891
Cost (in Dollars)				$ 4,231,426
Fair Value (in Dollars)				$ 2,426,275
Investment, Identifier [Axis]: Resideo Funding Inc. - Services: Consumer - Term Loan (1/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.69%
Maturity Date				Feb. 11, 2028
Principal/ Number of Shares (in Shares)				1,458,750
Cost (in Dollars)				$ 1,457,581
Fair Value (in Dollars)				$ 1,454,651
Investment, Identifier [Axis]: Resideo Funding Inc. - Services: Consumer - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.59%
Maturity Date		Feb. 11, 2028
Principal/ Number of Shares (in Shares)		674,488
Cost (in Dollars)		$ 674,193
Fair Value (in Dollars)		$ 674,772
Investment, Identifier [Axis]: Resolute Investment Managers (American Beacon), Inc. - Banking, Finance, Insurance & Real Estate - Common Stock - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		24,320		24,320
Cost (in Dollars)		$ 1,034,581		$ 1,034,581
Fair Value (in Dollars)		$ 66,880		$ 468,000
Investment, Identifier [Axis]: Resolute Investment Managers (American Beacon), Inc. - Banking, Finance, Insurance & Real Estate - Term Loan (12/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		6.50%		6.50%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		11.37%		12.11%
Maturity Date		Apr. 30, 2027		Apr. 30, 2027
Principal/ Number of Shares (in Shares)		1,953,393		1,968,154
Cost (in Dollars)		$ 1,953,393		$ 1,968,154
Fair Value (in Dollars)		$ 1,782,471		$ 1,936,172
Investment, Identifier [Axis]: Restoration Hardware, Inc. - Retail - Term Loan (9/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%		2.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.19%		7.94%
Maturity Date		Oct. 20, 2028		Oct. 20, 2028
Principal/ Number of Shares (in Shares)		3,401,078		3,427,375
Cost (in Dollars)		$ 3,397,811		$ 3,422,882
Fair Value (in Dollars)		$ 3,315,336		$ 3,328,838
Investment, Identifier [Axis]: Reynolds Consumer Products LLC - Containers, Packaging & Glass - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		1.75%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.42%		7.18%
Maturity Date		Feb. 04, 2027		Jan. 29, 2027
Principal/ Number of Shares (in Shares)		1,027,008		1,117,917
Cost (in Dollars)		$ 1,027,008		$ 1,117,917
Fair Value (in Dollars)		$ 1,031,865		$ 1,117,078
Investment, Identifier [Axis]: Reynolds Group Holdings Inc. - Containers, Packaging & Glass - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.69%
Maturity Date				Feb. 05, 2026
Principal/ Number of Shares (in Shares)				1,933,578
Cost (in Dollars)				$ 1,929,763
Fair Value (in Dollars)				$ 1,936,692
Investment, Identifier [Axis]: Russell Investments US Inst'l Holdco, Inc. (c) - Banking, Finance, Insurance & Real Estate - Term Loan B PIK (3/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	5%
SOFR/LIBOR Floor	[1]	1%
Current Rate (All In)	[1]	9.59%
Maturity Date	[1]	May 30, 2027
Principal/ Number of Shares (in Shares)	[1]	5,756,457
Cost (in Dollars)	[1]	$ 5,744,770
Fair Value (in Dollars)	[1]	$ 5,416,481
Investment, Identifier [Axis]: Russell Investments US Inst'l Holdco, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan (10/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				1%
Current Rate (All In)				8.93%
Maturity Date				Jun. 02, 2025
Principal/ Number of Shares (in Shares)				5,503,217
Cost (in Dollars)				$ 5,487,956
Fair Value (in Dollars)				$ 5,313,356
Investment, Identifier [Axis]: Ryan Specialty Group LLC
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Sep. 15, 2031
Principal/ Number of Shares (in Shares)		1,455,934
Cost (in Dollars)		$ 1,448,107
Fair Value (in Dollars)		$ 1,461,029
Investment, Identifier [Axis]: Ryan Specialty Group LLC - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.08%
Maturity Date				Sep. 01, 2027
Principal/ Number of Shares (in Shares)				1,463,497
Cost (in Dollars)				$ 1,454,416
Fair Value (in Dollars)				$ 1,463,497
Investment, Identifier [Axis]: S&S HOLDINGS LLC - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.70%		10.42%
Maturity Date		Mar. 10, 2028		Mar. 10, 2028
Principal/ Number of Shares (in Shares)		2,414,925		2,433,693
Cost (in Dollars)		$ 2,380,406		$ 2,393,141
Fair Value (in Dollars)		$ 2,411,061		$ 2,405,560
Investment, Identifier [Axis]: SETANTA AIRCRAFT LEASING DAC - Aerospace & Defense - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.61%
Maturity Date				Nov. 02, 2028
Principal/ Number of Shares (in Shares)				1,000,000
Cost (in Dollars)				$ 998,338
Fair Value (in Dollars)				$ 1,000,560
Investment, Identifier [Axis]: SETANTA AIRCRAFT LEASING DAC - Aerospace & Defense - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.35%
Maturity Date		Nov. 05, 2028
Principal/ Number of Shares (in Shares)		500,000
Cost (in Dollars)		$ 499,272
Fair Value (in Dollars)		$ 502,145
Investment, Identifier [Axis]: SMG US Midco 2, Inc. - Services: Business - Term Loan (01/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.07%
Maturity Date				Jan. 23, 2025
Principal/ Number of Shares (in Shares)				480,000
Cost (in Dollars)				$ 480,000
Fair Value (in Dollars)				$ 479,702
Investment, Identifier [Axis]: SRAM, LLC - Consumer goods: Durable - Term Loan (05/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		2.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.44%		8.19%
Maturity Date		May 12, 2028		May 12, 2028
Principal/ Number of Shares (in Shares)		2,269,091		2,523,636
Cost (in Dollars)		$ 2,267,265		$ 2,521,215
Fair Value (in Dollars)		$ 2,277,600		$ 2,517,327
Investment, Identifier [Axis]: STANDARD INDUSTRIES INC. - Construction & Building - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		2.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		6.35%		7.68%
Maturity Date		Sep. 22, 2028		Sep. 22, 2028
Principal/ Number of Shares (in Shares)		412,750		620,250
Cost (in Dollars)		$ 410,577		$ 616,132
Fair Value (in Dollars)		$ 414,719		$ 619,785
Investment, Identifier [Axis]: Sally Holdings LLC - Retail - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.32%		7.58%
Maturity Date		Feb. 28, 2030		Feb. 28, 2030
Principal/ Number of Shares (in Shares)		492,500		496,250
Cost (in Dollars)		$ 489,527		$ 492,943
Fair Value (in Dollars)		$ 491,678		$ 495,421
Investment, Identifier [Axis]: Schweitzer-Mauduit International, Inc. - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.44%		9.19%
Maturity Date		Apr. 20, 2028		Apr. 20, 2028
Principal/ Number of Shares (in Shares)		949,942		1,297,546
Cost (in Dollars)		$ 947,430		$ 1,293,069
Fair Value (in Dollars)		$ 949,942		$ 1,294,847
Investment, Identifier [Axis]: Scientific Games Holdings LP - Hotel, Gaming & Leisure - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		7.59%		8.58%
Maturity Date		Apr. 04, 2029		Apr. 04, 2029
Principal/ Number of Shares (in Shares)		492,500		493,750
Cost (in Dollars)		$ 491,808		$ 492,933
Fair Value (in Dollars)		$ 493,978		$ 492,516
Investment, Identifier [Axis]: Sedgwick Claims Management Services, Inc.
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.59%
Maturity Date		Jul. 31, 2031
Principal/ Number of Shares (in Shares)		987,500
Cost (in Dollars)		$ 980,541
Fair Value (in Dollars)		$ 994,087
Investment, Identifier [Axis]: Sedgwick Claims Management Services, Inc. - Services: Business - Term Loan B 2/23 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.08%
Maturity Date				Feb. 17, 2028
Principal/ Number of Shares (in Shares)				992,500
Cost (in Dollars)				$ 984,017
Fair Value (in Dollars)				$ 993,294
Investment, Identifier [Axis]: SiteOne Landscape Supply, LLC - Services: Business - Term Loan (3/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.44%
Maturity Date				Mar. 18, 2028
Principal/ Number of Shares (in Shares)				1,267,378
Cost (in Dollars)				$ 1,261,906
Fair Value (in Dollars)				$ 1,267,378
Investment, Identifier [Axis]: SiteOne Landscape Supply, LLC - Services: Business - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		6.41%
Maturity Date		Mar. 23, 2030
Principal/ Number of Shares (in Shares)		1,260,861
Cost (in Dollars)		$ 1,256,216
Fair Value (in Dollars)		$ 1,264,014
Investment, Identifier [Axis]: Sitel Worldwide Corporation - Services: Business - USD Term Loan (7/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.44%		9.19%
Maturity Date		Aug. 28, 2028		Aug. 28, 2028
Principal/ Number of Shares (in Shares)		1,940,000		1,955,000
Cost (in Dollars)		$ 1,935,152		$ 1,948,734
Fair Value (in Dollars)		$ 1,244,219		$ 1,873,144
Investment, Identifier [Axis]: Smyrna Ready Mix Concrete, LLC - Construction & Building - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.07%		8.82%
Maturity Date		Apr. 01, 2029		Apr. 01, 2029
Principal/ Number of Shares (in Shares)		510,361		514,217
Cost (in Dollars)		$ 507,388		$ 510,811
Fair Value (in Dollars)		$ 513,551		$ 514,860
Investment, Identifier [Axis]: Sotheby's - Services: Business - Term Loan (7/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.08%
Maturity Date				Jan. 15, 2027
Principal/ Number of Shares (in Shares)				3,191,015
Cost (in Dollars)				$ 3,159,783
Fair Value (in Dollars)				$ 3,159,903
Investment, Identifier [Axis]: Sparta U.S. HoldCo LLC - Chemicals, Plastics, & Rubber - Term Loan (04/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		7.91%		8.69%
Maturity Date		Aug. 02, 2030		Aug. 02, 2028
Principal/ Number of Shares (in Shares)		1,945,000		1,960,000
Cost (in Dollars)		$ 1,939,725		$ 1,953,602
Fair Value (in Dollars)		$ 1,955,036		$ 1,955,453
Investment, Identifier [Axis]: Specialty Pharma III Inc. - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.92%		9.68%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares (in Shares)		1,940,000		1,955,000
Cost (in Dollars)		$ 1,929,743		$ 1,942,520
Fair Value (in Dollars)		$ 1,920,600		$ 1,857,250
Investment, Identifier [Axis]: Spin Holdco, Inc. - Services: Consumer - Term Loan 3/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.26%		9.62%
Maturity Date		Mar. 04, 2028		Mar. 04, 2028
Principal/ Number of Shares (in Shares)		2,895,000		2,917,500
Cost (in Dollars)		$ 2,886,625		$ 2,907,433
Fair Value (in Dollars)		$ 2,441,585		$ 2,644,510
Investment, Identifier [Axis]: Staples, Inc. - Wholesale - Term Loan (03/19) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5%
SOFR/LIBOR Floor				0%
Current Rate (All In)				10.44%
Maturity Date				Apr. 16, 2026
Principal/ Number of Shares (in Shares)				4,296,252
Cost (in Dollars)				$ 4,227,884
Fair Value (in Dollars)				$ 4,185,881
Investment, Identifier [Axis]: Staples, Inc. - Wholesale - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		10.69%
Maturity Date		Sep. 04, 2029
Principal/ Number of Shares (in Shares)		4,274,263
Cost (in Dollars)		$ 4,218,826
Fair Value (in Dollars)		$ 4,064,098
Investment, Identifier [Axis]: Star Parent, Inc. - Services: Business - Term Loan B (09/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.35%		9.35%
Maturity Date		Sep. 27, 2030		Sep. 19, 2030
Principal/ Number of Shares (in Shares)		1,243,750		1,250,000
Cost (in Dollars)		$ 1,227,427		$ 1,232,293
Fair Value (in Dollars)		$ 1,219,907		$ 1,233,600
Investment, Identifier [Axis]: Storable, Inc - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%		3.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.07%		8.83%
Maturity Date		Apr. 17, 2028		Apr. 17, 2028
Principal/ Number of Shares (in Shares)		486,250		490,000
Cost (in Dollars)		$ 485,953		$ 489,451
Fair Value (in Dollars)		$ 487,971		$ 489,084
Investment, Identifier [Axis]: Superannuation & Investments US LLC - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%		3.75%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.44%		9.19%
Maturity Date		Dec. 01, 2028		Dec. 01, 2028
Principal/ Number of Shares (in Shares)		972,500		980,000
Cost (in Dollars)		$ 966,461		$ 972,893
Fair Value (in Dollars)		$ 977,061		$ 979,510
Investment, Identifier [Axis]: SupplyOne, Inc - Wholesale - Term Loan B (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.32%
Maturity Date		Mar. 27, 2031
Principal/ Number of Shares (in Shares)		497,500
Cost (in Dollars)		$ 492,777
Fair Value (in Dollars)		$ 502,475
Investment, Identifier [Axis]: Sweetwater Borrower, LLC - Retail - Term Loan (8/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.94%		9.69%
Maturity Date		Aug. 02, 2028		Aug. 02, 2028
Principal/ Number of Shares (in Shares)		2,116,481		2,197,331
Cost (in Dollars)		$ 2,050,738		$ 2,118,286
Fair Value (in Dollars)		$ 2,137,646		$ 2,186,345
Investment, Identifier [Axis]: Syncsort Incorporated - High Tech Industries - Term Loan B (10/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.85%		9.59%
Maturity Date		Apr. 24, 2028		Apr. 24, 2028
Principal/ Number of Shares (in Shares)		2,426,216		2,444,975
Cost (in Dollars)		$ 2,425,683		$ 2,444,257
Fair Value (in Dollars)		$ 2,401,953		$ 2,421,748
Investment, Identifier [Axis]: TIBCO Software Inc - High Tech Industries - Term Loan (Cov-Lite) (10/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.31%
Maturity Date		Mar. 21, 2031
Principal/ Number of Shares (in Shares)		500,000
Cost (in Dollars)		$ 499,418
Fair Value (in Dollars)		$ 502,155
Investment, Identifier [Axis]: TORY BURCH LLC - Retail - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.94%
Maturity Date		Apr. 15, 2028
Principal/ Number of Shares (in Shares)		2,290,329
Cost (in Dollars)		$ 2,177,065
Fair Value (in Dollars)		2,289,092
Investment, Identifier [Axis]: TORY BURCH LLC - Retail - Term Loan -Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.69%
Maturity Date				Apr. 15, 2028
Principal/ Number of Shares (in Shares)				2,308,083
Cost (in Dollars)				$ 2,173,521
Fair Value (in Dollars)				2,279,878
Investment, Identifier [Axis]: TOTAL INVESTMENTS
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Cost (in Dollars)		551,522,106		630,995,710
Fair Value (in Dollars)		$ 525,731,937		$ 607,551,774
Investment, Identifier [Axis]: TRITON WATER HOLDINGS, INC. - Beverage, Food & Tobacco - Term Loan (03/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.12%		8.86%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028
Principal/ Number of Shares (in Shares)		1,451,255		1,462,504
Cost (in Dollars)		$ 1,447,149		$ 1,457,793
Fair Value (in Dollars)		$ 1,461,138		$ 1,435,389
Investment, Identifier [Axis]: Ta TT Buyer LLC - Media: Broadcasting & Subscription - Term Loan 3/22 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				10.35%
Maturity Date				Apr. 02, 2029
Principal/ Number of Shares (in Shares)				987,475
Cost (in Dollars)				$ 979,563
Fair Value (in Dollars)				$ 987,060
Investment, Identifier [Axis]: Ta TT Buyer LLC - Media: Broadcasting & Subscription - Term Loan B (6/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		9.35%
Maturity Date		Apr. 02, 2029
Principal/ Number of Shares (in Shares)		982,494
Cost (in Dollars)		$ 975,193
Fair Value (in Dollars)		$ 984,646
Investment, Identifier [Axis]: Ten-X, LLC - Banking, Finance, Insurance & Real Estate - Term Loan 5/23 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		6%		6%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		10.27%		11.33%
Maturity Date		May 25, 2028		May 25, 2028
Principal/ Number of Shares (in Shares)		1,865,000		1,880,000
Cost (in Dollars)		$ 1,865,000		$ 1,879,762
Fair Value (in Dollars)		$ 1,701,813		$ 1,809,030
Investment, Identifier [Axis]: Tenable Holdings, Inc. - Services: Business - Term Loan B (6/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.19%
Maturity Date				Jul. 07, 2028
Principal/ Number of Shares (in Shares)				980,000
Cost (in Dollars)				$ 978,620
Fair Value (in Dollars)				$ 977,962
Investment, Identifier [Axis]: Tenable Holdings, Inc. - Services: Business - Term Loan B (6/21) -Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		7.44%
Maturity Date		Jul. 07, 2028
Principal/ Number of Shares (in Shares)		972,500
Cost (in Dollars)		$ 971,438
Fair Value (in Dollars)		$ 973,716
Investment, Identifier [Axis]: Teneo Holdings LLC - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				5.25%
SOFR/LIBOR Floor				1%
Current Rate (All In)				10.68%
Maturity Date				Jul. 15, 2025
Principal/ Number of Shares (in Shares)				4,337,912
Cost (in Dollars)				$ 4,305,238
Fair Value (in Dollars)				$ 4,332,490
Investment, Identifier [Axis]: Teneo Holdings LLC - Banking, Finance, Insurance & Real Estate - Term Loan B (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.75%
SOFR/LIBOR Floor		1%
Current Rate (All In)		9.32%
Maturity Date		Mar. 13, 2031
Principal/ Number of Shares (in Shares)		3,482,500
Cost (in Dollars)		$ 3,449,222
Fair Value (in Dollars)		$ 3,506,460
Investment, Identifier [Axis]: The Dun & Bradstreet Corporation - Services: Business - Term Loan (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.07%
Maturity Date				Jan. 18, 2029
Principal/ Number of Shares (in Shares)				1,148,788
Cost (in Dollars)				$ 1,146,995
Fair Value (in Dollars)				$ 1,145,629
Investment, Identifier [Axis]: Thor Industries, Inc. - Automotive - Term Loan B (06/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Nov. 15, 2030
Principal/ Number of Shares (in Shares)		385,981
Cost (in Dollars)		$ 382,642
Fair Value (in Dollars)		$ 387,429
Investment, Identifier [Axis]: Thor Industries, Inc. - Automotive - Term Loan B2 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.07%
Maturity Date				Nov. 15, 2030
Principal/ Number of Shares (in Shares)				847,276
Cost (in Dollars)				$ 839,124
Fair Value (in Dollars)				$ 847,276
Investment, Identifier [Axis]: Torrid LLC - Wholesale - Term Loan 5/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%		5.50%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		10.36%		11.11%
Maturity Date		Jun. 14, 2028		Jun. 14, 2028
Principal/ Number of Shares (in Shares)		3,154,143		3,293,297
Cost (in Dollars)		$ 2,816,614		$ 2,885,799
Fair Value (in Dollars)		$ 2,860,808		$ 2,766,369
Investment, Identifier [Axis]: Tosca Services, LLC (c) - Containers, Packaging & Glass - Superpriority Second-Out Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread	[1]	1.50%
SOFR/LIBOR Floor	[1]	0%
Current Rate (All In)	[1]	6.21%
Maturity Date	[1]	Nov. 30, 2028
Principal/ Number of Shares (in Shares)	[1]	2,704
Cost (in Dollars)	[1]	$ 6,281
Fair Value (in Dollars)	[1]	$ 2,393
Investment, Identifier [Axis]: Tosca Services, LLC - Containers, Packaging & Glass - Term Loan (2/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.07%
Maturity Date				Aug. 18, 2027
Principal/ Number of Shares (in Shares)				485,000
Cost (in Dollars)				$ 481,026
Fair Value (in Dollars)				$ 403,360
Investment, Identifier [Axis]: Tosca Services, LLC - Containers, Packaging & Glass - Term Loan A (08/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.50%
SOFR/LIBOR Floor		1.50%
Current Rate (All In)		10.11%
Maturity Date		Nov. 30, 2028
Principal/ Number of Shares (in Shares)		80,509
Cost (in Dollars)		$ 79,712
Fair Value (in Dollars)		$ 82,120
Investment, Identifier [Axis]: Total cash and cash equivalents
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		26,917,052		12,104,832
Cost (in Dollars)		$ 26,917,052		$ 12,104,832
Fair Value (in Dollars)		$ 26,917,052		$ 12,104,832
Investment, Identifier [Axis]: Trans Union LLC - Banking, Finance, Insurance & Real Estate - Term Loan B7 (02/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%		2%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		6.57%		7.33%
Maturity Date		Dec. 01, 2028		Dec. 01, 2028
Principal/ Number of Shares (in Shares)		605,987		609,032
Cost (in Dollars)		$ 605,312		$ 608,154
Fair Value (in Dollars)		$ 605,987		$ 608,161
Investment, Identifier [Axis]: Transdigm, Inc. - Aerospace & Defense - Term Loan H - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.60%
Maturity Date				Feb. 22, 2027
Principal/ Number of Shares (in Shares)				1,973,436
Cost (in Dollars)				$ 1,970,279
Fair Value (in Dollars)				$ 1,977,580
Investment, Identifier [Axis]: Tronox Finance LLC - Chemicals, Plastics, & Rubber - Incremental Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.85%
Maturity Date				Aug. 11, 2028
Principal/ Number of Shares (in Shares)				2,000,000
Cost (in Dollars)				$ 1,981,659
Fair Value (in Dollars)				$ 1,997,500
Investment, Identifier [Axis]: Tronox Finance LLC - Chemicals, Plastics, & Rubber - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.94%
Maturity Date				Mar. 10, 2028
Principal/ Number of Shares (in Shares)				346,923
Cost (in Dollars)				$ 346,548
Fair Value (in Dollars)				$ 345,584
Investment, Identifier [Axis]: Tronox Finance LLC - Chemicals, Plastics, & Rubber - Term Loan B (04/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.35%
Maturity Date		Apr. 04, 2029
Principal/ Number of Shares (in Shares)		1,995,000
Cost (in Dollars)		$ 1,978,673
Fair Value (in Dollars)		$ 2,002,481
Investment, Identifier [Axis]: Tronox Finance LLC - Chemicals, Plastics, & Rubber - Term Loan B (09/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.10%
Maturity Date		Sep. 30, 2031
Principal/ Number of Shares (in Shares)		346,923
Cost (in Dollars)		$ 346,577
Fair Value (in Dollars)		$ 348,144
Investment, Identifier [Axis]: TruGreen Limited Partnership - Services: Consumer - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		8.67%		9.43%
Maturity Date		Nov. 02, 2027		Oct. 29, 2027
Principal/ Number of Shares (in Shares)		937,456		944,761
Cost (in Dollars)		$ 934,128		$ 940,433
Fair Value (in Dollars)		$ 905,433		$ 912,034
Investment, Identifier [Axis]: U.S. Bank Money Market
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		26,917,052	[5]	12,104,832	[6]
Cost (in Dollars)		$ 26,917,052	[5]	$ 12,104,832	[6]
Fair Value (in Dollars)		$ 26,917,052	[5]	$ 12,104,832	[6]
Investment, Identifier [Axis]: URS TOPCO LLC - Transportation: Cargo - Common Stock - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)				25,330
Cost (in Dollars)				$ 440,405
Fair Value (in Dollars)				$ 465,000
Investment, Identifier [Axis]: URS TOPCO, LLC - Transportation: Cargo - Common Stock - Equity
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Principal/ Number of Shares (in Shares)		25,330
Cost (in Dollars)		$ 440,405
Fair Value (in Dollars)		$ 354,620
Investment, Identifier [Axis]: Uber Technologies, Inc. - Transportation: Consumer - Term Loan 2/23 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.13%
Maturity Date				Mar. 03, 2030
Principal/ Number of Shares (in Shares)				395,438
Cost (in Dollars)				$ 394,559
Fair Value (in Dollars)				$ 396,284
Investment, Identifier [Axis]: Ultra Clean Holdings, Inc. - High Tech Industries - Incremental Term Loan 3/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.19%
Maturity Date				Aug. 27, 2025
Principal/ Number of Shares (in Shares)				763,480
Cost (in Dollars)				$ 761,941
Fair Value (in Dollars)				$ 764,755
Investment, Identifier [Axis]: Ultra Clean Holdings, Inc. - High Tech Industries - Term Loan B (09/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.82%
Maturity Date		Feb. 25, 2028
Principal/ Number of Shares (in Shares)		1,241,514
Cost (in Dollars)		$ 1,238,397
Fair Value (in Dollars)		$ 1,246,170
Investment, Identifier [Axis]: Unimin Corporation - Metals & Mining - Term Loan (12/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		1%		1%
Current Rate (All In)		8.85%		9.59%
Maturity Date		Jul. 31, 2026		Jul. 31, 2026
Principal/ Number of Shares (in Shares)		496,815		496,815
Cost (in Dollars)		$ 485,857		$ 481,603
Fair Value (in Dollars)		$ 495,573		$ 494,207
Investment, Identifier [Axis]: United Natural Foods, Inc - Beverage, Food & Tobacco - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.69%
Maturity Date				Oct. 22, 2025
Principal/ Number of Shares (in Shares)				1,241,834
Cost (in Dollars)				$ 1,218,443
Fair Value (in Dollars)				$ 1,239,922
Investment, Identifier [Axis]: Univision Communications Inc. - Media: Broadcasting & Subscription - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.19%
Maturity Date		Jan. 31, 2029
Principal/ Number of Shares (in Shares)		2,409,561
Cost (in Dollars)		$ 2,407,226
Fair Value (in Dollars)		$ 2,415,584
Investment, Identifier [Axis]: Univision Communications Inc. - Media: Broadcasting & Subscription - Term Loan B (6/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				8.69%
Maturity Date				Mar. 15, 2026
Principal/ Number of Shares (in Shares)				2,421,809
Cost (in Dollars)				$ 2,418,336
Fair Value (in Dollars)				$ 2,418,031
Investment, Identifier [Axis]: Univision Communications Inc. - Media: Broadcasting & Subscription - Term Loan B (6/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.85%		9.60%
Maturity Date		Jun. 25, 2029		Jun. 25, 2029
Principal/ Number of Shares (in Shares)		244,375		246,250
Cost (in Dollars)		$ 239,031		$ 240,243
Fair Value (in Dollars)		$ 245,394		$ 246,250
Investment, Identifier [Axis]: Utz Quality Foods, LLC - Beverage, Food & Tobacco - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.44%
Maturity Date				Jan. 20, 2028
Principal/ Number of Shares (in Shares)				1,478,977
Cost (in Dollars)				$ 1,478,749
Fair Value (in Dollars)				$ 1,478,252
Investment, Identifier [Axis]: VFH Parent LLC - Banking, Finance, Insurance & Real Estate - Term Loan (01/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.43%
Maturity Date				Jan. 12, 2029
Principal/ Number of Shares (in Shares)				2,975,130
Cost (in Dollars)				$ 2,970,557
Fair Value (in Dollars)				$ 2,970,667
Investment, Identifier [Axis]: VM Consolidated, Inc. - Construction & Building - Term Loan B (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.08%
Maturity Date				Mar. 24, 2028
Principal/ Number of Shares (in Shares)				1,841,374
Cost (in Dollars)				$ 1,840,186
Fair Value (in Dollars)				$ 1,843,676
Investment, Identifier [Axis]: VM Consolidated, Inc. - Construction & Building - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.82%
Maturity Date		Mar. 24, 2028
Principal/ Number of Shares (in Shares)		1,823,697
Cost (in Dollars)		$ 1,823,255
Fair Value (in Dollars)		$ 1,832,815
Investment, Identifier [Axis]: Vaco Holdings, LLC - Services: Business - Term Loan (01/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5%		5%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		9.67%		10.43%
Maturity Date		Jan. 19, 2029		Jan. 19, 2029
Principal/ Number of Shares (in Shares)		2,300,808		2,318,552
Cost (in Dollars)		$ 2,249,748		$ 2,260,590
Fair Value (in Dollars)		$ 2,166,118		$ 2,287,251
Investment, Identifier [Axis]: Vericast Corp. (c) - Media: Advertising, Printing & Publishing - Extended Term Loan (07/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		7.75%
SOFR/LIBOR Floor		1%
Current Rate (All In)		12.35%
Maturity Date		Jun. 15, 2030
Principal/ Number of Shares (in Shares)		1,291,273
Cost (in Dollars)		$ 1,290,689
Fair Value (in Dollars)		$ 1,222,681
Investment, Identifier [Axis]: Vericast Corp. (c) - Media: Advertising, Printing & Publishing - Term Loan (12/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				7.75%
SOFR/LIBOR Floor				0%
Current Rate (All In)				13.36%
Maturity Date				Jun. 16, 2026
Principal/ Number of Shares (in Shares)				1,208,512
Cost (in Dollars)				$ 1,207,739
Fair Value (in Dollars)				$ 1,111,831
Investment, Identifier [Axis]: Verifone Systems, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan (7/18) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4%		4%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		8.78%		9.59%
Maturity Date		Aug. 20, 2025		Aug. 20, 2025
Principal/ Number of Shares (in Shares)		1,343,028		1,353,744
Cost (in Dollars)		$ 1,341,803		$ 1,351,272
Fair Value (in Dollars)		$ 1,254,563		$ 1,170,988
Investment, Identifier [Axis]: Vertex Aerospace Services Corp - Aerospace & Defense - Term Loan (10/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.75%		3.25%
SOFR/LIBOR Floor		0.75%		0.75%
Current Rate (All In)		7.32%		8.68%
Maturity Date		Dec. 06, 2030		Dec. 06, 2028
Principal/ Number of Shares (in Shares)		975,175		982,538
Cost (in Dollars)		$ 972,727		$ 979,566
Fair Value (in Dollars)		$ 977,886		$ 982,459
Investment, Identifier [Axis]: Viasat Inc - Telecommunications - Term Loan (2/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		9.07%		9.83%
Maturity Date		Mar. 05, 2029		Mar. 05, 2029
Principal/ Number of Shares (in Shares)		2,944,786		2,967,381
Cost (in Dollars)		$ 2,893,239		$ 2,908,179
Fair Value (in Dollars)		$ 2,565,292		$ 2,909,903
Investment, Identifier [Axis]: Virtus Investment Partners, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B (9/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%		2.25%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.94%		7.69%
Maturity Date		Sep. 28, 2028		Sep. 28, 2028
Principal/ Number of Shares (in Shares)		2,582,727		2,823,409
Cost (in Dollars)		$ 2,578,170		$ 2,817,201
Fair Value (in Dollars)		$ 2,581,927		$ 2,819,880
Investment, Identifier [Axis]: Vistra Operations Company LLC - Energy: Electricity - 2018 Incremental Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%		2%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		6.57%		7.33%
Maturity Date		Dec. 20, 2030		Dec. 20, 2030
Principal/ Number of Shares (in Shares)		1,875,222		1,889,393
Cost (in Dollars)		$ 1,869,672		$ 1,880,083
Fair Value (in Dollars)		$ 1,884,242		$ 1,880,135
Investment, Identifier [Axis]: Vizient, Inc - Healthcare & Pharmaceuticals - Term Loan 4/22 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				7.68%
Maturity Date				May 16, 2029
Principal/ Number of Shares (in Shares)				492,500
Cost (in Dollars)				$ 488,534
Fair Value (in Dollars)				$ 492,731
Investment, Identifier [Axis]: Vouvray US Finance LLC - High Tech Industries - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				6%
SOFR/LIBOR Floor				1%
Current Rate (All In)				11.33%
Maturity Date				Sep. 30, 2025
Principal/ Number of Shares (in Shares)				466,250
Cost (in Dollars)				$ 466,250
Fair Value (in Dollars)				$ 472,078
Investment, Identifier [Axis]: WEX Inc. - Services: Business - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.33%
Maturity Date				Mar. 31, 2028
Principal/ Number of Shares (in Shares)				2,924,849
Cost (in Dollars)				$ 2,918,448
Fair Value (in Dollars)				$ 2,919,379
Investment, Identifier [Axis]: WEX Inc. - Services: Business - Term Loan B (11/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.69%
Maturity Date		Apr. 01, 2028
Principal/ Number of Shares (in Shares)		2,902,913
Cost (in Dollars)		$ 2,897,842
Fair Value (in Dollars)		$ 2,906,541
Investment, Identifier [Axis]: Walker & Dunlop, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		6.92%
Maturity Date		Dec. 15, 2028
Principal/ Number of Shares (in Shares)		492,468
Cost (in Dollars)		$ 485,253
Fair Value (in Dollars)		$ 494,009
Investment, Identifier [Axis]: Walker & Dunlop, Inc. - Banking, Finance, Insurance & Real Estate - Term Loan B (12/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				8.43%
Maturity Date				Dec. 15, 2028
Principal/ Number of Shares (in Shares)				496,250
Cost (in Dollars)				$ 487,839
Fair Value (in Dollars)				$ 495,009
Investment, Identifier [Axis]: Warner Music Group Corp. (WMG Acquisition Corp.) - Hotel, Gaming & Leisure - First Lien TL I (01/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.33%
Maturity Date				Jan. 24, 2031
Principal/ Number of Shares (in Shares)				1,250,000
Cost (in Dollars)				$ 1,249,906
Fair Value (in Dollars)				$ 1,247,463
Investment, Identifier [Axis]: Warner Music Group Corp. (WMG Acquisition Corp.) - Hotel, Gaming & Leisure - Term Loan J - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.32%
Maturity Date		Jan. 24, 2031
Principal/ Number of Shares (in Shares)		1,250,000
Cost (in Dollars)		$ 1,249,986
Fair Value (in Dollars)		$ 1,248,700
Investment, Identifier [Axis]: Watlow Electric Manufacturing Company - High Tech Industries - Term Loan B (03/21) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0.50%
Current Rate (All In)		8.09%
Maturity Date		Mar. 02, 2028
Principal/ Number of Shares (in Shares)		2,728,183
Cost (in Dollars)		$ 2,721,055
Fair Value (in Dollars)		$ 2,748,153
Investment, Identifier [Axis]: Watlow Electric Manufacturing Company - High Tech Industries - Term Loan B - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.75%
SOFR/LIBOR Floor				0.50%
Current Rate (All In)				9.33%
Maturity Date				Mar. 02, 2028
Principal/ Number of Shares (in Shares)				2,831,632
Cost (in Dollars)				$ 2,822,010
Fair Value (in Dollars)				$ 2,826,337
Investment, Identifier [Axis]: WeddingWire, Inc. - Services: Consumer - Term Loan (09/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.50%		4.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.07%		9.82%
Maturity Date		Jan. 29, 2028		Jan. 29, 2028
Principal/ Number of Shares (in Shares)		4,784,879		4,808,923
Cost (in Dollars)		$ 4,783,712		$ 4,806,669
Fair Value (in Dollars)		$ 4,805,837		$ 4,784,879
Investment, Identifier [Axis]: WildBrain Ltd. - Media: Diversified & Production - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.25%
SOFR/LIBOR Floor				0.75%
Current Rate (All In)				9.69%
Maturity Date				Mar. 27, 2028
Principal/ Number of Shares (in Shares)				3,005,025
Cost (in Dollars)				$ 2,952,048
Fair Value (in Dollars)				$ 2,899,849
Investment, Identifier [Axis]: Windsor Holdings III, LLC - Chemicals, Plastics, & Rubber - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				4.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				9.82%
Maturity Date				Aug. 01, 2030
Principal/ Number of Shares (in Shares)				500,000
Cost (in Dollars)				$ 500,000
Fair Value (in Dollars)				$ 500,390
Investment, Identifier [Axis]: Windsor Holdings III, LLC - Chemicals, Plastics, & Rubber - Term Loan B (09/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.50%
SOFR/LIBOR Floor		0%
Current Rate (All In)		8.10%
Maturity Date		Aug. 01, 2030
Principal/ Number of Shares (in Shares)		496,256
Cost (in Dollars)		$ 496,256
Fair Value (in Dollars)		$ 501,715
Investment, Identifier [Axis]: Wyndham Hotels & Resorts, Inc. - Hotel, Gaming & Leisure - Term Loan (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.75%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.32%
Maturity Date		May 24, 2030
Principal/ Number of Shares (in Shares)		990,019
Cost (in Dollars)		$ 985,956
Fair Value (in Dollars)		$ 994,355
Investment, Identifier [Axis]: Wyndham Hotels & Resorts, Inc. - Hotel, Gaming & Leisure - Term Loan 5/23 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2.25%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.68%
Maturity Date				May 24, 2030
Principal/ Number of Shares (in Shares)				995,000
Cost (in Dollars)				$ 990,380
Fair Value (in Dollars)				$ 996,124
Investment, Identifier [Axis]: Xperi Corporation - High Tech Industries - Term Loan - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				3.50%
SOFR/LIBOR Floor				0%
Current Rate (All In)				8.94%
Maturity Date				Jun. 08, 2028
Principal/ Number of Shares (in Shares)				1,983,094
Cost (in Dollars)				$ 1,979,717
Fair Value (in Dollars)				$ 1,977,303
Investment, Identifier [Axis]: Xperi Corporation - High Tech Industries - Term Loan B (05/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3%
SOFR/LIBOR Floor		0%
Current Rate (All In)		7.61%
Maturity Date		Jun. 08, 2028
Principal/ Number of Shares (in Shares)		1,864,531
Cost (in Dollars)		$ 1,862,101
Fair Value (in Dollars)		$ 1,869,193
Investment, Identifier [Axis]: ZEBRA BUYER (Allspring) LLC - Banking, Finance, Insurance & Real Estate - Term Loan 4/21 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		3.25%		3.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.14%		8.89%
Maturity Date		Nov. 01, 2028		Nov. 01, 2028
Principal/ Number of Shares (in Shares)		1,852,261		1,866,509
Cost (in Dollars)		$ 1,844,855		$ 1,857,862
Fair Value (in Dollars)		$ 1,859,781		$ 1,862,142
Investment, Identifier [Axis]: Zayo Group, LLC - Telecommunications - Term Loan 4/22 - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		4.25%		4.25%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		8.82%		9.65%
Maturity Date		Mar. 09, 2027		Mar. 09, 2027
Principal/ Number of Shares (in Shares)		975,000		982,500
Cost (in Dollars)		$ 961,738		$ 965,514
Fair Value (in Dollars)		$ 936,868		$ 884,555
Investment, Identifier [Axis]: Zekelman Industries, Inc. - Metals & Mining - Term Loan (01/20) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread				2%
SOFR/LIBOR Floor				0%
Current Rate (All In)				7.44%
Maturity Date				Jan. 25, 2027
Principal/ Number of Shares (in Shares)				954,029
Cost (in Dollars)				$ 954,029
Fair Value (in Dollars)				$ 953,733
Investment, Identifier [Axis]: Zekelman Industries, Inc. - Metals & Mining - Term Loan B (03/24) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		2.25%
SOFR/LIBOR Floor		0%
Current Rate (All In)		6.85%
Maturity Date		Jan. 24, 2031
Principal/ Number of Shares (in Shares)		1,446,759
Cost (in Dollars)		$ 1,445,713
Fair Value (in Dollars)		$ 1,451,504
Investment, Identifier [Axis]: Zest Acquisition Corp. - Healthcare & Pharmaceuticals - Term Loan (1/23) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		5.25%		5.50%
SOFR/LIBOR Floor		0%		0%
Current Rate (All In)		9.84%		10.83%
Maturity Date		Feb. 08, 2028		Feb. 08, 2028
Principal/ Number of Shares (in Shares)		1,965,000		1,980,000
Cost (in Dollars)		$ 1,896,455		$ 1,897,656
Fair Value (in Dollars)		$ 1,989,563		$ 1,940,400
Investment, Identifier [Axis]: Zodiac Pool Solutions - Consumer goods: Durable - Term Loan (1/22) - Loan
Investment in Saratoga CLO (Details) - Schedule of Investments [Line Items]
Reference Spread		1.93%		1.93%
SOFR/LIBOR Floor		0.50%		0.50%
Current Rate (All In)		6.60%		7.35%
Maturity Date		Jan. 29, 2029		Jan. 29, 2029
Principal/ Number of Shares (in Shares)		486,250		490,000
Cost (in Dollars)		$ 485,654		$ 489,237
Fair Value (in Dollars)		$ 486,549		$ 488,772
[1]Investments include Payment-in-Kind Interest.[2]All or a portion of this investment has an unfunded commitment as of November 30, 2024.[3] As of February 29, 2024, the investment was in default and on non-accrual status. Included within cash and cash equivalents in Saratoga CLO’s Statements of Assets and Liabilities as of February 29, 2024.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Income Taxes [Line Items]
Owned percentage			100%
U.S. federal tax percentage			21%
Deferred tax assets	$ 1,500		$ 1,500
Income tax provision/benefit	0	$ 0	0	$ 100
Deferred tax expense (benefit)	200	600	700	0
Realized gain loss on investment	$ 400	$ 0	$ 100	$ (30)

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	Nov. 30, 2024	Feb. 29, 2024
Income Taxes (Details) - Schedule of Deferred Tax Assets and Liabilities [Line Items]
Total deferred tax assets	$ 1,606,915	$ 2,650,580
Total deferred tax liabilities	(4,649,058)	(3,901,995)
Valuation allowance on net deferred tax assets	(1,539,238)	(2,539,735)
Net deferred tax liability	$ (4,581,381)	$ (3,791,150)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Federal and State Income Tax Provisions Benefit - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Current
Federal
State
Net current expense
Deferred
Federal	86,609	699,986	677,189	661,245
State	76,892	(64,192)	113,042	(55,512)
Net deferred expense	163,501	635,794	790,231	605,733
Net tax provision	$ 163,501	$ 635,794	$ 790,231	$ 605,733

Agreements and Related Party _2

Agreements and Related Party Transactions (Details) - USD ($)								1 Months Ended	3 Months Ended		9 Months Ended
		Nov. 30, 2024	Aug. 01, 2024	Jun. 10, 2024	Feb. 29, 2024	Aug. 11, 2021	Jul. 30, 2010	Feb. 26, 2021	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 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	[1]										3.03%	1.37%
Management fee									$ 4,400,000	$ 4,900,000	$ 14,200,000	$ 14,300,000
Incentive fees											11,200,000	9,800,000
Management fees accrual		$ 4,400,000
Incentive fees accrual		3,100,000
Administrator expenses									1,100,000	1,300,000	3,500,000	2,800,000
Upsized from assets																	$ 500,000,000
Aggregate principal amount													$ 402,100,000
Transaction cost paid				$ 500,000
Realized loss									400,000	0	100,000	(30,000)
Issuer issued				$ 422,500,000
Interest income											2,400,000	2,500,000
Voting interest percentage															50%
Investments at fair value		960,093,232			$ 1,138,793,789				960,093,232		960,093,232
Interest receivable		7,462,134			10,298,998				7,462,134		$ 7,462,134
Dividend income												4,700,000
Dividend receivable										0		0
Share percentage											87.50%
Price per share (in Dollars per share)																		$ 25
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
Maximum [Member]
Agreements and Related Party Transactions [Line Items]
Management fee					5,000,000
Maximum [Member] | Administration Agreements [Member]
Agreements and Related Party Transactions [Line Items]
Reimbursement of expenses			$ 5,000,000
Minimum [Member]
Agreements and Related Party Transactions [Line Items]
Incentive fees accrual					$ 3,200,000
Minimum [Member] | Administration Agreements [Member]
Agreements and Related Party Transactions [Line Items]
Reimbursement of expenses			$ 4,300,000
Minimum [Member] | Unsecured Debt [Member]
Agreements and Related Party Transactions [Line Items]
Unsecured loan		16,200,000							16,200,000	17,600,000	$ 16,200,000	17,600,000
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]
Investments at fair value		21,000,000							21,000,000	25,400,000	21,000,000	25,400,000
Pre-Incentive Fee [Member]
Agreements and Related Party Transactions [Line Items]
Incentive fees									3,100,000	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 [Member]
Agreements and Related Party Transactions [Line Items]
Aggregate principal amount																8,500,000
Realized loss						$ 100,000
Class F-2-R-3 [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									400,000	400,000	1,300,000	1,300,000
Membership Interest		4,800,000							4,800,000	7,800,000	4,800,000	7,800,000
Interest income related to interest receivable		200,000							200,000		200,000
Interest receivable		200,000							200,000	200,000	200,000	200,000
Dividend income									900,000	1,300,000	3,200,000
Dividend receivable		$ 0							$ 0		$ 0
Price per share (in Dollars per share)		$ 12,250,000							$ 12,250,000		$ 12,250,000
SLF JV [Member] | Agreements and Related Party Transactions [Member]
Agreements and Related Party Transactions [Line Items]
Interest receivable		$ 0							$ 0		$ 0
Warehouse [Member]
Agreements and Related Party Transactions [Line Items]
Repaid loan								$ 25,000,000
Gain (Loss) on Investments [Member]
Agreements and Related Party Transactions [Line Items]
Incentive fees									$ 0	$ 1,000,000	$ 0	$ 5,000,000
[1] Ratios are not annualized.

Borrowings (Details) - Details

Borrowings (Details) - Details 1 - USD ($)																				3 Months Ended			9 Months Ended		12 Months Ended
	Nov. 30, 2024	Feb. 29, 2024	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	Jul. 13, 2018	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024	Mar. 27, 2025	Oct. 28, 2022	Apr. 16, 2019	Mar. 23, 2018	Jul. 30, 2010	May 01, 2007	Apr. 11, 2007
Line of Credit Facility [Line Items]
Employ leverage, percentage																							200%
Asset coverage ratio	160.10%	161.10%																		160.10%			160.10%		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	$ 35,000,000																		52,500,000			52,500,000		$ 35,000,000
Administrative agent fee																				1,250,000	1,075,000		3,458,333	2,797,917
Financing costs																							$ 1,176,806	$ 4,474,813
Amortization of deferred financing cost																				$ 200,000	$ 300,000
Outstanding percentage rate	9.73%																			9.73%	9.79%		9.73%	9.79%
Line of credit facility minimum drawn amount	$ 86,400,000																			$ 86,400,000			$ 86,400,000
Commitment amount																							50,000,000
Customary fee																							$ 150,000,000
Percentage of lender																							100%
Investment percentage	25%																			25%			25%
Credit agreement unused commitment, percentage																							0.50%
Interest expense debt																							$ 1,400,000
Deferred financing costs	$ 200,000																			$ 200,000			200,000
Line of credit facility current borrowing capacity	75,000,000																			75,000,000			75,000,000
Aggregate principal amount																											$ 402,100,000
Net income taxes																							617,665	$ 654,930
Borrowing amount	350,000,000																			350,000,000			350,000,000
Debentures outstanding amount																							$ 214,000,000		214,000,000
Underwriting commissions																			$ 1,150,000
Level 3 Liability [Member]
Line of Credit Facility [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]
Line of Credit Facility [Line Items]
Tangible net	24,000,000																			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]
Line of Credit Facility [Line Items]
Amortization of deferred financing cost																							$ 700,000	700,000
Additional long-term capital	$ 175,000,000																			175,000,000			175,000,000
Debentures outstanding amount																				214,000,000	$ 200,400,000		214,000,000	201,700,000
Interest expense																				$ 1,800,000	$ 1,600,000		$ 5,300,000	$ 4,600,000
Weighted average interest rate																				3.30%	3.25%		3.33%	3.01%
Debt instrument, interest rate, stated percentage	150%																			150%			150%
7.75% 2025 Notes [Member]
Line of Credit Facility [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		$ 40,000	40,000
Aggregate principal amount		5,000,000																$ 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			$ 25
Fair value	$ 5,000,000	5,000,000																		$ 5,000,000			$ 5,000,000		5,000,000
Deferred financing costs																				$ 10,000	10,000		$ 300,000	300,000
Debt instrument, interest rate, stated percentage	7.75%																			7.75%			7.75%
6.25% 2027 Notes [Member]
Line of Credit Facility [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		700,000	700,000
Aggregate principal amount	$ 15,000,000															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		$ 50,000	50,000
Debt instrument, interest rate, stated percentage	6.25%																6.25%			6.25%			6.25%
Per share (in Dollars per share)																							$ 25
Outstanding fair value	$ 14,500,000																			$ 14,500,000			$ 14,500,000
4.375% 2026 Notes [Member]
Line of Credit Facility [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																							5,700,000	5,700,000
Aggregate principal amount	$ 175,000,000	175,000,000												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																							163,400,000
Deferred financing costs																								400,000
Debt instrument, interest rate, stated percentage	4.375%																			4.375%			4.375%
Offering costs incurred															$ 300,000
Public offering price percentage														101%
Underwriting discounts														$ 2,500,000
Minimum denominations amount	$ 2,000																			$ 2,000			$ 2,000
Integral multiples of excess	1,000																			1,000			1,000
Amortization of premium on issuance																				80,000			200,000	200,000
4.375% 2026 Notes [Member] | Level 3 Liability [Member]
Line of Credit Facility [Line Items]
Outstanding fair value	168,000,000																			168,000,000			168,000,000
4.35% 2027 Notes [Member]
Line of Credit Facility [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		2,400,000	2,400,000
Aggregate principal amount	$ 75,000,000											$ 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			$ 300,000	300,000
Debt instrument, interest rate, stated percentage	4.35%																			4.35%			4.35%
Public offering price percentage												99.317%
Amortization of premium on issuance																					20,000		$ 80,000	80,000
4.35% 2027 Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Line of Credit Facility [Line Items]
Outstanding fair value	$ 69,800,000																			$ 69,800,000			69,800,000
6.00% 2027 Notes [Member]
Line of Credit Facility [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		4,700,000	4,700,000
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		$ 600,000	600,000
Debt instrument, interest rate, stated percentage	6%																			6%			6%
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		$ 30,000	30,000
7.00% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings																				12,000,000	12,000,000		12,000,000	12,000,000
Financing costs								$ 40,000
Interest expense																				200,000			600,000	600,000
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	30,000		$ 100,000	90,000
Debt instrument, interest rate, stated percentage	7%																			7%			7%
Outstanding fair value	$ 11,900,000																			$ 11,900,000			$ 11,900,000
Underwriting discounts								$ 400,000
Amortization of discount on issuance																				30,000	30,000		90,000	80,000
Offering expenses								$ 50,000
8.00% 2027 Notes [Member]
Line of Credit Facility [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		2,800,000	2,800,000
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																							46,200,000
Deferred financing costs																				$ 90,000	90,000		$ 300,000	300,000
Debt instrument, interest rate, stated percentage	8%																			8%			8%
Carrying amount		$ 46,000,000																							$ 46,000,000
Offering costs incurred							200,000
Additional aggregate principal amount						$ 6,000,000
Trading symbol per share (in Dollars per share)																							$ 25
Underwriting commissions							$ 1,300,000
8.125% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings																				$ 60,400,000	60,400,000		$ 60,400,000	60,400,000
Interest expense																				1,200,000	1,200,000		$ 3,700,000	3,700,000
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																							$ 25
Deferred financing costs																				$ 100,000	100,000			300,000
Debt instrument, interest rate, stated percentage	8.125%																			8.125%			8.125%
Borrowings [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings																							$ 20,000,000
Borrowings [Member] | 7.75% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount	$ 5,000,000																			$ 5,000,000			5,000,000
Borrowings [Member] | 4.375% 2026 Notes [Member]
Line of Credit Facility [Line Items]
Principal amount, percentage															4.375%
Smaller Enterprise [Member]
Line of Credit Facility [Line Items]
Tangible net	6,000,000																			6,000,000			6,000,000
Net income taxes																							2,000,000
Minimum [Member]
Line of Credit Facility [Line Items]
Asset coverage ratio																													150%
Encina credit facility													$ 12,500,000
Line of credit facility minimum drawn amount	$ 50,000,000																			$ 50,000,000			$ 50,000,000
Investment percentage	3.50%																			3.50%			3.50%
Minimum [Member] | 6.25% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Long-Term Debt, Fair Value		$ 14,200,000																							$ 14,200,000
Minimum [Member] | 4.375% 2026 Notes [Member]
Line of Credit Facility [Line Items]
Interest expense																				$ 1,900,000	1,900,000
Deferred financing costs																					100,000
Minimum [Member] | 4.35% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Fair value		75,000,000																							75,000,000
Deferred financing costs																					100,000
Amortization of premium on issuance																				20,000
Minimum [Member] | 6.00% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Fair value		100,700,000																							100,700,000
Outstanding fair value	$ 105,500,000																			105,500,000			$ 105,500,000
Minimum [Member] | 7.00% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Fair value		12,000,000																							12,000,000
Minimum [Member] | 8.00% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Net proceeds amount						$ 5,800,000
Outstanding fair value	46,000,000																			46,000,000			46,000,000
Minimum [Member] | 8.125% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Fair value		60,400,000																							60,400,000
Outstanding fair value	60,400,000																			60,400,000			60,400,000
Maximum [Member]
Line of Credit Facility [Line Items]
Encina credit facility													25,000,000
Line of credit facility minimum drawn amount	$ 75,000,000																			$ 75,000,000			$ 75,000,000
Investment percentage	4.25%																			4.25%			4.25%
Maximum [Member] | SBA Debentures [Member]
Line of Credit Facility [Line Items]
Aggregate total of equity capital amount	$ 214,000,000																			$ 214,000,000			$ 214,000,000
Maximum [Member] | 6.25% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Carrying amount		15,000,000																							15,000,000
Maximum [Member] | 4.375% 2026 Notes [Member]
Line of Credit Facility [Line Items]
Deferred financing costs																				100,000
Amortization of premium on issuance																					80,000
Maximum [Member] | 4.35% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Fair value		64,500,000																							64,500,000
Maximum [Member] | 6.00% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Fair value		105,500,000																							105,500,000
Outstanding fair value	103,400,000																			103,400,000			103,400,000
Maximum [Member] | 7.00% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Fair value		11,800,000																							11,800,000
Maximum [Member] | 8.00% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Outstanding fair value	46,100,000																			46,100,000			46,100,000
Maximum [Member] | 8.125% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Fair value		60,800,000																							$ 60,800,000
Outstanding fair value	61,100,000																			61,100,000			61,100,000
SBIC LP [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount	350,000,000																			350,000,000			$ 350,000,000
1940 Act [Member]
Line of Credit Facility [Line Items]
Employ leverage, percentage																							150%
SBIC Subsidiaries [Member]
Line of Credit Facility [Line Items]
Additional long-term capital	175,000,000																			175,000,000			$ 175,000,000
SBIC II LP [Member]
Line of Credit Facility [Line Items]
Aggregate total of equity capital amount	87,500,000																			87,500,000			87,500,000
Debentures outstanding amount																							175,000,000
SBIC III LP [Member]
Line of Credit Facility [Line Items]
Aggregate total of equity capital amount	$ 66,700,000																			66,700,000			66,700,000
Debentures outstanding amount																							$ 39,000,000
Credit Facility [Member]
Line of Credit Facility [Line Items]
Asset coverage ratio																												150%
Securitized credit facility																															$ 25,700,000	$ 100,000,000
Credit Facility [Member] | LIBOR [Member]
Line of Credit Facility [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]
Line of Credit Facility [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]
Line of Credit Facility [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		33,300,000	38,900,000
Financing costs																							2,000,000
Interest expense																				800,000	900,000		2,600,000	3,000,000
Amortization of deferred financing cost																				$ 100,000	$ 100,000		$ 300,000	$ 300,000
Outstanding percentage rate	9.40%																			9.40%	9.62%		9.40%	9.62%
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	$ 85,100,000																			$ 85,100,000			$ 85,100,000
Line of credit facility maximum borrowing capacity	65,000,000																			$ 65,000,000			65,000,000
Encina Credit Facility [Member] | Encina Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 32,500,000	$ 35,000,000
Oak Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings																							$ 17,300,000
Outstanding percentage rate	9.34%																			9.34%			9.34%
Line of credit facility maximum borrowing capacity	$ 50,000,000																			$ 50,000,000			$ 50,000,000
Live Oak Credit Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings																				$ 20,000,000
Outstanding percentage rate	9%																			9%			9%
Interest expense debt																				$ 500,000
Deferred financing costs	$ 100,000																			$ 100,000			$ 100,000
Securities Financing Transaction, Cost [Member] | 4.375% 2026 Notes [Member]
Line of Credit Facility [Line Items]
Deferred financing costs																							400,000
Securities Financing Transaction, Cost [Member] | 8.125% 2027 Notes [Member]
Line of Credit Facility [Line Items]
Deferred financing costs																							$ 300,000
Forecast [Member] | Live Oak Credit Facility [Member]
Line of Credit Facility [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		9 Months Ended		12 Months Ended
	May 01, 2023	Apr. 26, 2023	Apr. 14, 2023	Mar. 31, 2023	Aug. 31, 2021	Feb. 07, 2020	Dec. 21, 2019	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024	Oct. 28, 2022	Jul. 14, 2022
Line of Credit Facility [Line Items]
Aggregate principal amount													$ 402,100,000
Deferred financing costs								$ 200,000		$ 200,000
Debentures outstanding amount										214,000,000		$ 214,000,000
Financing costs										1,176,806	$ 4,474,813
Aggregate amount indebtedness										1,000
Debt instrument, redemption amount					$ 60,000,000	$ 24,450,000	$ 50,000,000
8.75% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount				$ 10,000,000
Net proceeds amount	$ 9,700,000			9,700,000
Deducting underwriting commissions amount	400,000			$ 400,000
Outstanding borrowings	10,000,000							30,000	$ 200,000	80,000	400,000
Deferred financing costs								30,000		$ 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								20,000,000		$ 20,000,000
Deferred financing costs								400,000	400,000		1,100,000
Interest expense								30,000	200,000	80,000	0
Average outstanding amount								20,000,000	20,000,000
Debentures outstanding amount										20,000,000	16,700,000
8.75% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount		$ 7,500,000	$ 50,000,000					20,000,000		20,000,000
Net proceeds amount		7,300,000	48,400,000
Deducting underwriting commissions amount			1,600,000
Outstanding borrowings		$ 200,000
Carrying amount								57,500,000		57,500,000
Deferred financing costs								100,000	100,000	300,000	300,000
Interest expense								$ 1,200,000	1,200,000	3,700,000	3,100,000
Debentures outstanding amount										57,500,000	47,800,000
Offering costs	$ 30,000
Financing costs			$ 2,000,000
Outstanding										$ 57,500,000
Par value, per share (in Dollars per share)								$ 25		$ 25
Long-Term Debt, Fair Value								$ 58,600,000		$ 58,600,000
Outstanding fair value								$ 57,500,000	57,500,000	$ 57,500,000	57,500,000
Debt instrument, interest rate, stated percentage								8.50%		8.50%
SBA Debentures [Member]
Line of Credit Facility [Line Items]
Debentures outstanding amount								$ 214,000,000	$ 200,400,000	$ 214,000,000	$ 201,700,000
Debt instrument, interest rate, stated percentage								150%		150%
Notes One [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount								$ 74,450,000		$ 74,450,000
7.25% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Aggregate principal amount														$ 43,100,000
Interest Expense [Member] | 8.75% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Deferred financing costs										$ 1,300,000
Minimum [Member] | 8.75% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Carrying amount												20,000,000
Minimum [Member] | 8.75% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Fair value												57,500,000
Maximum [Member] | 8.75% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Carrying amount												20,100,000
Maximum [Member] | 8.75% 2025 Notes [Member]
Line of Credit Facility [Line Items]
Fair value												$ 58,300,000

Borrowings (Details) - Schedule

Borrowings (Details) - Schedule of Credit Facility - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended	12 Months Ended
		Nov. 30, 2024	Feb. 29, 2024	Feb. 28, 2023	Feb. 28, 2022		Feb. 28, 2021		Feb. 29, 2020		Feb. 28, 2019		Feb. 28, 2018		Feb. 28, 2017		Feb. 29, 2016	Feb. 28, 2016		Feb. 28, 2015		Feb. 28, 2014		Feb. 28, 2013	Feb. 28, 2012	Feb. 28, 2011	Feb. 28, 2010	Feb. 28, 2009	Feb. 28, 2008	Feb. 28, 2007
Encina Credit Facility [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 32,500	$ 35,000	$ 32,500	$ 12,500
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610	1,659	2,093
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6]
Live Oak credit facility [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 20,000
Asset Coverage per Unit	[1],[3],[4]	1,601
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6]
Madison Credit Facility [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3],[7]																			$ 9,600				$ 24,300	$ 20,000	$ 4,500
Asset Coverage per Unit	[1],[3],[4],[7]						3,471		6,071		2,345		2,930		2,710		3,025			3,117		3,348		5,421	5,834	20,077
Involuntary Liquidating Preference per Share	[1],[3],[5],[7]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[7]
7.50% Notes due 2020 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3],[8]																	$ 61,793		$ 48,300		$ 48,300
Asset Coverage per Unit	[1],[3],[4],[8]																	3,025		3,117		3,348
Involuntary Liquidating Preference per Share	[1],[3],[5],[8]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[8]																	$ 25.24	[9]	$ 25.46	[9]	$ 25.18	[9]
6.75% Notes due 2023 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3],[10]										$ 74,451		$ 74,451		$ 74,451
Asset Coverage per Unit	[1],[3],[4],[10]										2,345		2,930		2,710
Involuntary Liquidating Preference per Share	[1],[3],[5],[10]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[10]										$ 25.74	[11]	$ 26.05	[11]	$ 25.89	[11]
8.75% 2025 Notes [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 20,000	$ 20,000
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[12]	$ 25	$ 25
6.25% Notes due 2025 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3],[13]						$ 60,000		$ 60,000		$ 60,000
Asset Coverage per Unit	[1],[3],[4],[13]						3,471		6,071		2,345
Involuntary Liquidating Preference per Share	[1],[3],[5],[13]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[13]						$ 24.24	[14]	$ 25.75	[14]	$ 24.97	[14]
7.00% Notes due 2025 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 12,000	$ 12,000	$ 12,000
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610	1,659
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[12]	$ 25	$ 25	$ 25
7.25% Notes due 2025 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3],[15]				$ 43,125		$ 43,125
Asset Coverage per Unit	[1],[3],[4],[15]				2,093		3,471
Involuntary Liquidating Preference per Share	[1],[3],[5],[15]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[15]				$ 25.46	[14]	$ 25.77	[14]
7.75% Notes due 2025 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 5,000	$ 5,000	$ 5,000	$ 5,000		$ 5,000
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610	1,659	2,093		3,471
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[12]	$ 25	$ 25	$ 25	$ 25		$ 25
4.375% Notes due 2026 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 175,000	$ 175,000	$ 175,000	$ 175,000
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610	1,659	2,093
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[12]	$ 25	$ 25	$ 25	$ 25
4.35% Notes due 2027 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 75,000	$ 75,000	$ 75,000	$ 75,000
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610	1,659	2,093
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[12]	$ 25	$ 25	$ 25	$ 25
6.00% Notes due 2027 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 105,500	$ 105,500	$ 105,500
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610	1,659
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[16]	$ 24.29	$ 23.51	$ 23.97
6.25% Notes due 2027 [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 15,000	$ 15,000	$ 15,000	$ 15,000		$ 15,000
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610	1,659	2,093		3,471
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[12]	$ 25	$ 25	$ 25	$ 25		$ 25
8.00% 2027 Notes [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 46,000	$ 46,000
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[16]	$ 25.22	$ 25
8.125% 2027 Notes [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 60,375	$ 60,375	$ 60,375
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610	1,659
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[16]	$ 25.28	$ 25.05	$ 25.1
8.50% 2028 Notes [Member]
Credit Facility with Encina Lender Finance, LLC
Total Amount Outstanding Exclusive of Treasury Securities	[1],[2],[3]	$ 57,500	$ 57,500
Asset Coverage per Unit	[1],[3],[4]	1,601	1,610
Involuntary Liquidating Preference per Share	[1],[3],[5]
Average Market Value per Share (in Dollars per share)	[1],[3],[6],[17]	$ 25.42	$ 25.17
[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. 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. 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. 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. 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	Nov. 30, 2024	Feb. 29, 2024
Commitments and Contingencies [Line Items]
Off-balance sheet arrangements	$ 128.1	$ 132.4
Cash and cash equivalents	147.6
Available borrowings credit facility	86.4
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 $ in Thousands	Nov. 30, 2024 USD ($)
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	$ 837,875
Long-Term Debt Obligations, Less Than 1 Year	37,000
Long-Term Debt Obligations, 1 - 3 Years	514,375
Long-Term Debt Obligations, 3 - 5 Years	72,500
Long-Term Debt Obligations, More Than 5 Years	214,000
Encina Credit Facility [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	32,500
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years	32,500
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
Live Oak credit facility [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	20,000
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years	20,000
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
SBA Debentures [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	214,000
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years	214,000
8.75% 2024 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	20,000
Long-Term Debt Obligations, Less Than 1 Year	20,000
Long-Term Debt Obligations, 1 - 3 Years
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
7.00% 2025 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	12,000
Long-Term Debt Obligations, Less Than 1 Year	12,000
Long-Term Debt Obligations, 1 - 3 Years
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
7.75% 2025 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	5,000
Long-Term Debt Obligations, Less Than 1 Year	5,000
Long-Term Debt Obligations, 1 - 3 Years
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
4.375% 2026 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	175,000
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years	175,000
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
4.35% 2027 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	75,000
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years	75,000
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
6.00% 2027 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	105,500
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years	105,500
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
6.25% 2027 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	15,000
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years
Long-Term Debt Obligations, 3 - 5 Years	15,000
Long-Term Debt Obligations, More Than 5 Years
8.00% 2027 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	46,000
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years	46,000
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
8.125% 2027 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	60,375
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years	60,375
Long-Term Debt Obligations, 3 - 5 Years
Long-Term Debt Obligations, More Than 5 Years
8.50% 2028 Notes [Member]
Schedule of Payment Obligations for Repayment of Debt and Other Contractual Obligations [Line Items]
Total Long-Term Debt Obligations	57,500
Long-Term Debt Obligations, Less Than 1 Year
Long-Term Debt Obligations, 1 - 3 Years
Long-Term Debt Obligations, 3 - 5 Years	57,500
Long-Term Debt Obligations, More Than 5 Years

Commitments and Contingencies_4

Commitments and Contingencies (Details) - Schedule of Unfunded Commitments Outstanding - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
At Company’s Discretion [Member]
At Company’s discretion
Off balance sheet arrangements	$ 75,748	$ 77,696
At portfolio company’s discretion - satisfaction of certain financial and nonfinancial covenants required [Member]
At Company’s discretion
Off balance sheet arrangements	128,089	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	3,653	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	1,500	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	2,250	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] | Cloudpermit Intermediate Holding Company [Member]
At Company’s discretion
Off balance sheet arrangements	5,000
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 [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 Holdings, 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] | Modis Dental Partners OpCo, LLC [Member]
At Company’s discretion
Off balance sheet arrangements	8,900
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	600	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	7,319	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	52,341	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
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
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		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 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	$ 83,500	$ 80,729	276,500	$ 280,797
Accrued and unpaid amount	$ 0		$ 0		$ 0

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)								3 Months Ended	9 Months Ended
	Jul. 06, 2023	Jul. 30, 2021	Jul. 29, 2021	Oct. 08, 2019	Jul. 11, 2019	Jul. 13, 2018	Mar. 16, 2017	Nov. 30, 2024	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024	Sep. 24, 2014
Stockholders’ Equity [Line Items]
Average price (in Dollars per share)			$ 24.77					$ 27.07	$ 27.07
Stock issued price per share (in Dollars per share)						$ 25
Common stock, par value (in Dollars per share)								0.001	$ 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			$ 2,777,426	$ 31,510,617
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						108,438
Gross proceeds			$ 97,100,000						$ 2,900,000
Equity ATM Program Tranche One [Member]
Stockholders’ Equity [Line Items]
Average price (in Dollars per share)								$ 26.37	$ 26.37
Net proceeds								$ 2,900,000	$ 2,900,000
Number of shares sold (in Shares)								108,438	6,652,316
Gross proceeds								$ 2,900,000	$ 175,500,000
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
Net proceeds									$ 173,900,000
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	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	$ 22.05
Stock repurchased amount								$ 22,800,000	$ 22,800,000
Public Equity Offering [Member]
Stockholders’ Equity [Line Items]
Shares issued (in Shares)						1,150,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity - USD ($)	3 Months Ended							9 Months Ended
	Nov. 30, 2024	Aug. 31, 2024	May 31, 2024	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Nov. 30, 2024	Nov. 30, 2023
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Net assets at beginning of period	$ 372,053,842	$ 367,855,082	$ 370,224,108	$ 359,558,749	$ 362,078,755	$ 337,450,848	$ 346,958,042	$ 370,224,108	$ 346,958,042
Common stock, shares outstanding (in Shares)			13,653,476	13,114,977				13,653,476
Increase (Decrease) from Operations:
Net investment income	12,435,655	18,197,398	$ 14,335,005	$ 12,784,511	14,166,063	13,964,784	15,958,950	$ 44,968,058	44,089,797
Realized losses on extinguishment of debt						(110,056)			(110,056)
Net realized gain (loss) from investments	5,444,745	(33,448,727)	(21,194,997)	2,327	60,565		90,691	(49,198,979)	151,256
Net change in unrealized appreciation (depreciation) on investments	(8,918,583)	28,728,155	13,931,431	(7,164,613)	(17,866,353)	(5,737,571)	(16,322,307)	33,741,003	(39,926,231)
Net change in provision for deferred taxes on unrealized (appreciation) depreciation on investments	(126,875)	(159,187)	(461,001)	(315,473)	(415,894)	(221,206)	59,407	(747,063)	(577,693)
Decrease from Shareholder Distributions:
Distributions of investment income	(10,171,868)	(10,137,233)	(9,967,036)	(9,803,576)	(9,286,642)	(8,352,335)	(8,193,402)	(30,276,137)	(25,832,379)
Capital Share Transactions:
Proceeds from issuance of common stock	2,777,426			13,028,770	9,012,500	22,498,117		2,777,426	31,510,617
Capital contribution from Manager	199,652			1,382,009	1,043,000	2,050,288
Stock dividend distribution	1,214,236	1,018,354	987,572	915,193	858,995	749,313	1,058,844
Offering costs	(42,575)			(163,789)	(92,240)	(213,427)		(42,575)	(305,667)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles								(30,276,137)	(25,832,379)
Repurchases of common stock							(2,157,605)		(2,157,605)
Repurchase fees							(1,772)		(2,157,605)
Net assets at end of period	$ 374,865,655	372,053,842	367,855,082	$ 370,224,108	$ 359,558,749	362,078,755	337,450,848	$ 374,865,655	$ 359,558,749
Common stock, shares outstanding (in Shares)	13,909,206			13,653,476	13,114,977			13,909,206	13,114,977
Common Stock [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Net assets at beginning of period	$ 13,746	$ 13,699	$ 13,654	$ 13,115	$ 12,730	$ 11,848	$ 11,891	$ 13,654	$ 11,891
Common stock, shares outstanding (in Shares)	13,745,769	13,698,966	13,653,476	13,114,977	12,729,781	11,847,742	11,890,500	13,653,476	11,890,500
Capital Share Transactions:
Proceeds from issuance of common stock	$ 108			$ 501	$ 350	$ 852
Proceeds from issuance of common stock (in Shares)	108,438			501,105	350,000	852,412
Stock dividend distribution	$ 55	$ 47	$ 45	$ 38	$ 35	$ 30	$ 47
Stock dividend distribution (in Shares)	54,999	46,803	45,490	37,394	35,196	29,627	45,818
Repurchases of common stock							$ (90)
Repurchases of common stock (in Shares)							(88,576)
Net assets at end of period	$ 13,909	$ 13,746	$ 13,699	$ 13,654	$ 13,115	$ 12,730	$ 11,848	$ 13,909	$ 13,115
Common stock, shares outstanding (in Shares)	13,909,206	13,745,769	13,698,966	13,653,476	13,114,977	12,729,781	11,847,742	13,909,206	13,114,977
Capital in Excess of Par Value [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Net assets at beginning of period	$ 373,087,033	$ 372,068,726	$ 371,081,199	$ 356,698,595	$ 345,876,725	$ 320,793,316	$ 321,893,806	$ 371,081,199	$ 321,893,806
Capital Share Transactions:
Proceeds from issuance of common stock	2,777,318			13,028,269	9,012,150	22,497,265
Capital contribution from Manager	199,652			1,382,009	1,043,000	2,050,288
Stock dividend distribution	1,214,181	1,018,307	987,527	915,155	858,960	749,283	1,058,797
Offering costs	(42,575)			(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)
Net assets at end of period	377,235,609	373,087,033	372,068,726	371,081,199	356,698,595	345,876,725	320,793,316	377,235,609	356,698,595
Total Distributable Earnings (Loss) [Member]
Schedule of Reconciliation of the Changes in Each Significant Caption of Stockholders’ Equity [Line Items]
Net assets at beginning of period	(1,046,937)	(4,227,343)	(870,745)	2,847,039	16,189,300	16,645,684	25,052,345	(870,745)	25,052,345
Increase (Decrease) from Operations:
Net investment income	12,435,655	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	5,444,745	(33,448,727)	(21,194,997)	2,327	60,565		90,691
Net change in unrealized appreciation (depreciation) on investments	(8,918,583)	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	(126,875)	(159,187)	(461,001)	(315,473)	(415,894)	(221,206)	59,407
Decrease from Shareholder Distributions:
Distributions of investment income	(10,171,868)	(10,137,233)	(9,967,036)	(9,803,576)	(9,286,642)	(8,352,335)	(8,193,402)
Capital Share Transactions:
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles				779,040
Net assets at end of period	$ (2,383,863)	$ (1,046,937)	$ (4,227,343)	$ (870,745)	$ 2,847,039	$ 16,189,300	$ 16,645,684	$ (2,383,863)	$ 2,847,039

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Earnings Per Share (Details) - Schedule of Weighted Average Basic and Diluted Net Increase (Decrease) in Net Assets [Line Items]
Net increase (decrease) in net assets resulting from operations	$ 8,834,942	$ (4,055,619)	$ 28,763,019	$ 3,627,073
Weighted average common shares outstanding	13,789,951	13,052,896	13,733,008	12,355,815
Weighted average earnings (loss) per common share	$ 0.64	$ (0.31)	$ 2.09	$ 0.29

Dividend (Details)

Dividend (Details)	Nov. 07, 2024 $ / shares
Dividend [Line Items]
Dividend payable per share	$ 0.35
Dividends Declared [Member]
Dividend [Line Items]
Dividend payable per share	$ 0.74
Dividend date	Dec. 19, 2024

Dividend (Details) - Schedule o

Dividend (Details) - Schedule of Dividends Declared - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended
		Nov. 30, 2024	Nov. 30, 2023
Dividends Declared - November 7, 2024 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Dec. 04, 2024
Payment Date		Dec. 19, 2024
Amount Per Share		$ 1.09
Total Amount	[1]	$ 15,549
Dividends Declared - August 22, 2024 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Sep. 11, 2024
Payment Date		Sep. 26, 2024
Amount Per Share		$ 0.74
Total Amount	[1]	$ 10,172
Dividends Declared - May 23, 2024 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date		Jun. 13, 2024
Payment Date		Jun. 27, 2024
Amount Per Share		$ 0.74
Total Amount	[1]	$ 10,137
Dividends Declared [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share		$ 2.57
Total Amount	[1]	$ 35,858
Dividends Declared - November 15, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Dec. 11, 2023
Payment Date			Dec. 28, 2023
Amount Per Share			$ 0.72
Total Amount	[1]		$ 8,888
Didivends Declared - August 14, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Sep. 14, 2023
Payment Date			Sep. 28, 2023
Amount Per Share			$ 0.71
Total Amount	[1]		$ 9,287
Dividends Declared - May 22, 2023 [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Record Date			Jun. 13, 2023
Payment Date			Jun. 29, 2023
Amount Per Share			$ 0.7
Total Amount	[1]		$ 8,352
Dividends Declared [Member]
Dividend (Details) - Schedule of Dividends Declared [Line Items]
Amount Per Share			$ 2.13
Total Amount	[1]		$ 26,527
[1]Total amount is calculated based on the number of shares outstanding at the date of record.

Financial Highlights (Details)

Financial Highlights (Details)	9 Months Ended
	Nov. 30, 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 ($)		9 Months Ended
		Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Schedule of Financial Highlights [Line Items]
Net asset value at beginning of period		$ 27.12	$ 29.18
Net investment income	[1]	3.27	3.57
Net realized and unrealized gain and losses on investments	[1]	(1.18)	(3.27)
Realized losses on extinguishment of debt			(0.01)
Net increase in net assets resulting from operations		2.09	0.29
Distributions declared from net investment income		(2.21)	(2.1)
Total distributions to stockholders		(2.21)	(2.1)
Issuance of common stock at net asset value	[2]	(0.01)	(0.3)
Capital contribution from Manager for the issuance of common stock	[3]	0.02	0.36
Repurchases of common stock	[4]		0.03
Dilution	[5]	(0.06)	(0.04)
Net asset value at end of period		$ 26.95	$ 27.42
Net assets at end of period (in Dollars)		$ 374,865,655	$ 359,558,749
Shares outstanding at end of period (in Shares)		13,909,206	13,114,977	13,653,476
Per share market value at end of period		$ 25.69	$ 26.21
Total return based on market value	[6],[7]	20.19%	3.62%
Total return based on net asset value	[6],[8]	9.77%	2.35%
Ratio/Supplemental data:
Ratio of net investment income to average net assets	[9]	17.07%	17.15%
Ratios of operating expenses and income taxes to average net assets	[10],[11]	8.13%	8.09%
Ratio of incentive management fees to average net assets	[6]	3.03%	1.37%
Ratio of interest and debt financing expenses to average net assets	[11]	13.99%	13.87%
Ratio of total expenses and income taxes to average net assets	[9],[10]	25.15%	23.33%
Portfolio turnover rate	[6],[12]	11.93%	1.80%
Asset coverage ratio per unit (in Dollars)	[13]	$ 1,601	$ 1,593
Average market value per unit
Revolving Credit Facilities	[14]
SBA Debentures Payable	[14]
8.75% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[14]
7.00% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[14]
7.25% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[15]
7.75% Notes Payable 2025 [Member]
Average market value per unit
Average market value per unit	[14]
4.375% Notes Payable 2026 [Member]
Average market value per unit
Average market value per unit	[14]
4.35% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit	[14]
6.00% 2027 Notes [Member]
Average market value per unit
Average market value per unit		24.29	23.34
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		25.22	24.93
8.125% Notes Payable 2027 [Member]
Average market value per unit
Average market value per unit		25.28	24.97
8.50% Notes Payable 2028 [Member]
Average market value per unit
Average market value per unit		$ 25.42	$ 25.07
[1] Per share amounts are calculated using the weighted average shares outstanding during the period. The continuous issuance of common stock may cause an incremental decrease in NAV per share due to the sale of shares at the then prevailing public offering price and the receipt of net proceeds per share by the Company less than NAV per share on each subscription closing date. The per share data was derived by computing (i) the sum of (A) the number of shares issued in connection with subscriptions and/or distribution reinvestment on each share transaction date multiplied by (B) the differences between the net proceeds per share and the NAV per share on each share transaction date, divided by (ii) the total shares outstanding during the period. The Manager agreed to reimburse the Company to the extent the per share price of the shares to the public, less underwriting fees, was less than net asset value per share. 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. 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.