Onex Falcon Direct Lending BDC Fund 10-Q 7 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Document Quarterly Report	true
Document Transition Report	false
Entity Registrant Name	Onex Direct Lending BDC Fund
No Trading Symbol Flag	true
Entity Central Index Key	0001860424
Current Fiscal Year End Date	--12-31
Securities Act File Number	814-01405
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	00-0000000
Entity Address, Address Line One	930 Sylvan Avenue
Entity Address, City or Town	Englewood Cliffs
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07632
City Area Code	201
Local Phone Number	541-2121
Title of 12(b) Security	None
Security Exchange Name	NONE
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,514,884

Consolidated Statements of Asse

Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Assets:
Non-controlled/non-affiliated investments, at fair value (amortized cost of $509,784,541 and $541,963,717, respectively)	$ 497,524,914	$ 533,065,800
Cash and cash equivalents	13,873,095	9,813,406
Restricted cash	0	2,742,185
Interest and other receivables	6,840,141	4,275,291
Deferred financing costs (net of $2,595,964 and $2,040,130 in amortized expenses, respectively)	287,181	843,014
Prepaid expenses	90,354	222,390
Total Assets	518,615,685	550,962,086
Liabilities:
Credit facility (Note 5)	226,000,000	263,000,000
Payable for investments purchased	34,257,603	8,100,000
Management fee payable (Note 3)	788,189	864,947
Incentive fee payable (Note 3)	711,287	960,462
Administration fee payable (Note 3)	849,655	910,036
Interest payable	3,241,142	3,654,305
Accrued expenses and other liabilities	661,091	771,027
Total Liabilities	266,508,967	278,260,777
Commitments and Contingencies (Note 10)
Total Net Assets	252,106,718	272,701,309
Net Assets:
Common shares, $0.001 par value (unlimited shares authorized, 10,514,884 and 11,196,319 shares issued and outstanding, respectively)	10,516	11,198
Additional paid-in capital	263,992,688	280,591,727
Accumulated distributable earnings (losses)	(11,896,486)	(7,901,616)
Net Assets	$ 252,106,718	$ 272,701,309
Net Asset Value Per Share	$ 23.98	$ 24.36

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Unaudited) (Parenthetical) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Amortized cost non-controlled/non-affiliated investments, at fair value	$ 509,784,541	$ 541,963,717
Amortized expenses of deferred financing costs	$ 2,595,963	$ 2,040,130
Common shares, par value	$ 0.001	$ 0.001
Common shares, shares authorized	unlimited	unlimited
Common shares, shares issued	10,514,884	11,196,319
Common shares, shares outstanding	10,514,884	11,196,319

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Non-controlled, non-affiliated investments:
Interest income	$ 14,790,040	$ 16,154,084	$ 30,895,073	$ 31,026,306
Payment-in-kind interest income	608,353	371,498	1,211,101	712,165
Other income	340,289	386,583	924,783	732,823
Total Investment Income	15,738,682	16,912,165	33,030,957	32,471,294
Expenses:
Management fee	788,189	1,653,136	1,598,394	3,299,314
Incentive fee	711,287	1,531,309	1,888,428	3,861,223
Administration fee	250,000	278,000	500,000	556,000
Professional fees	302,528	422,051	735,601	758,538
Trustees' fees	46,708	46,167	89,708	89,167
Interest and credit facility expense	5,212,515	5,150,523	10,919,207	9,554,719
Other general and administrative expense	213,605	228,322	345,783	449,651
Total Expenses	7,524,832	9,309,508	16,077,121	18,568,612
Incentive fee waiver				(900,000)
Reimbursement of expense support to Adviser			500,000
Net Expenses	7,524,832	9,309,508	16,577,121	17,668,612
Net Investment Income (Loss)	8,213,850	7,602,657	16,453,836	14,802,682
Net realized gains (losses) on investments:
Non-controlled, non-affiliated investments	(2,755,997)	558,291	(1,645,027)	614,323
Net change in unrealized appreciation (depreciation) on investments:
Non-controlled, non-affiliated investments	(2,157,328)	516,468	(3,361,710)	(857,953)
Net realized and unrealized gain (loss)	(4,913,325)	1,074,759	(5,006,737)	(243,630)
Net Increase (Decrease) in Net Assets Resulting from Operations	$ 3,300,525	$ 8,677,416	$ 11,447,099	$ 14,559,052
Net investment income (loss) per common share - Basic and Diluted	$ 0.77	$ 0.63	$ 1.53	$ 1.22
Net increase (decrease) in net assets resulting from operations per common share - Basic and Diluted	$ 0.31	$ 0.72	$ 1.07	$ 1.2
Weighted Average Common Shares Outstanding - Basic	10,615,859	11,997,347	10,730,759	12,147,378
Weighted Average Common Shares Outstanding - Diluted	10,615,859	11,997,347	10,730,759	12,147,378

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets (Unaudited) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Beginning balance	$ 258,702,759	$ 272,701,309	$ 299,998,356	$ 305,912,779	$ 272,701,309	$ 305,912,779
Net investment income (loss)	8,213,850		7,602,657		16,453,836	14,802,682
Net realized gain (loss) on investments	(2,755,997)		558,291		(1,645,027)	614,323
Net change in unrealized appreciation (depreciation) on investments	$ (2,157,328)		$ 516,468		$ (3,361,710)	$ (857,953)
Issuance of common shares, shares	158,415	21,853	18,186	44,339	180,268	62,525
Issuance of common shares	$ 3,859,000	$ 532,335	$ 445,000	$ 1,088,965	$ 4,391,335	$ 1,533,965
Redemption of common shares	(7,649,789)		(13,442,765)		(24,144,901)	(23,713,478)
Distributions to shareholders	(7,325,374)		(7,037,746)		(15,441,969)	(14,045,232)
Shares issued in connection with distribution reinvestment plan	$ 1,219,597		$ 4,394,989		$ 3,153,845	$ 8,788,164
Ending balance, shares	10,514,884		11,909,184		10,514,884	11,909,184
Ending balance	$ 252,106,718	$ 258,702,759	$ 293,035,250	$ 299,998,356	$ 252,106,718	$ 293,035,250
Common Shares
Beginning balance, shares	10,620,435	11,196,319	12,260,748	12,455,723	11,196,319	12,455,723
Beginning balance	$ 10,622	$ 11,198	$ 12,261	$ 12,456	$ 11,198	$ 12,456
Issuance of common shares, shares	158,415		18,186		180,268	62,525
Issuance of common shares	$ 158		$ 18		$ 180	$ 62
Redemption of common shares, shares	(314,031)		(549,357)		(991,170)	(967,546)
Redemption of common shares	$ (314)		$ (549)		$ (991)	$ (967)
Shares issued in connection with distribution reinvestment plan, shares	50,065		179,607		129,467	358,482
Shares issued in connection with distribution reinvestment plan	$ 50		$ 180		$ 129	$ 359
Ending balance, shares	10,514,884	10,620,435	11,909,184	12,260,748	10,514,884	11,909,184
Ending balance	$ 10,516	$ 10,622	$ 11,910	$ 12,261	$ 10,516	$ 11,910
Capital in Excess of Par
Beginning balance	266,563,774	280,591,727	306,830,297	311,618,675	280,591,727	311,618,675
Issuance of common shares	3,858,842		444,982		4,391,155	1,533,903
Redemption of common shares	(7,649,475)		(13,442,216)		(24,143,910)	(23,712,511)
Shares issued in connection with distribution reinvestment plan	1,219,547		4,394,809		3,153,716	8,787,805
Ending balance	263,992,688	266,563,774	298,227,872	306,830,297	263,992,688	298,227,872
Total Distributable Earnings (Losses)
Beginning balance	(7,871,637)	(7,901,616)	(6,844,202)	(5,718,352)	(7,901,616)	(5,718,352)
Net investment income (loss)	8,213,850		7,602,657		16,453,836	14,802,682
Net realized gain (loss) on investments	(2,755,997)		558,291		(1,645,027)	614,323
Net change in unrealized appreciation (depreciation) on investments	(2,157,328)		516,468		(3,361,710)	(857,953)
Distributions to shareholders	(7,325,374)		(7,037,746)		(15,441,969)	(14,045,232)
Ending balance	$ (11,896,486)	$ (7,871,637)	$ (5,204,532)	$ (6,844,202)	$ (11,896,486)	$ (5,204,532)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net increase (decrease) in net assets resulting from operations			$ 11,447,099	$ 14,559,052
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net realized (gains)/losses on investments	$ 2,755,997	$ (558,291)	1,645,027	(614,323)
Net change in unrealized (appreciation) depreciation on investments	2,157,328	(516,468)	3,361,710	857,953
Net accretion of discount on investments			(825,081)	(1,151,605)
Amortization of deferred financing costs			555,833	555,833
Payment-in-kind interest income	(608,353)	(371,498)	(1,211,101)	(712,165)
Purchases and drawdowns of investments			(70,791,018)	(49,709,709)
Sales and repayments of investments			103,361,349	34,777,401
(Increase) decrease in operating assets:
Interest and other receivables			(2,564,850)	2,664,383
Prepaid expenses			132,036	115,884
Increase (decrease) in operating liabilities:
Management fee payable			(76,758)	23,473
Incentive fee payable			(249,175)	(194,279)
Administration fee payable			(60,381)	(588,076)
Interest payable			(413,163)	1,634,770
Payable for investments purchased			26,157,603
Accrued expenses and other liabilities			(109,936)	352,850
Net cash provided by (used in) operating activities			70,359,194	2,571,442
Cash Flows from Financing Activities:
Proceeds from issuance of common shares			4,391,335	1,533,965
Redemption of common shares			(24,144,901)	(23,713,478)
Distributions to shareholders			(12,288,124)	(5,257,068)
Borrowings on credit facility			18,000,000	44,000,000
Payments on credit facility			(55,000,000)
Net cash provided by (used in) financing activities			(69,041,690)	16,563,419
Net increase (decrease) in cash and cash equivalents			1,317,504	19,134,861
Cash and cash equivalents and restricted cash, beginning of period			12,555,591	6,431,079
Cash and cash equivalents and restricted cash, end of period	13,873,095	25,565,940	13,873,095	25,565,940
Supplemental and Non-Cash Information
Cash paid for interest			10,776,537	7,364,116
Reinvestments of distributions			3,153,845	8,788,164
Reconciliation of Cash and Cash Equivalents and Restricted Cash
Cash and cash equivalents	13,873,095	23,562,260	13,873,095	23,562,260
Restricted cash	0	2,003,680	0	2,003,680
Total cash and cash equivalents and restricted cash	$ 13,873,095	$ 25,565,940	$ 13,873,095	$ 25,565,940

Consolidated Schedule of Invest

Consolidated Schedule of Investments - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Amortized Cost		$ 509,784,541		$ 541,963,717
Fair Value		497,524,914		533,065,800
Total Net Assets		252,106,718		272,701,309
Unfunded Commitment		17,634,144		19,662,986
Investment, Identifier [Axis]: APT Opco, LLC Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment		4,761,905		4,761,905
Funded Commitment		1,539,881		1,547,619
Expired Commitment		3,222,024		3,214,286
Investment, Identifier [Axis]: Amplity Parent, Inc. Type Revolver
Schedule of Investments [Line Items]
Total Commitment		2,227,032		2,227,032
Funded Commitment		1,497,718		1,488,145
Unfunded Commitment		729,314		738,887
Investment, Identifier [Axis]: Apryse Software Corp (fka PDFTron US Acquisition Corp.) Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment		1,625,000		1,625,000
Funded Commitment		1,625,000
Unfunded Commitment				1,625,000
Investment, Identifier [Axis]: Celerion Buyer Inc. Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment		2,301,790		2,301,790
Unfunded Commitment		2,301,790		2,301,790
Investment, Identifier [Axis]: Celerion Buyer Inc. Type Revolver
Schedule of Investments [Line Items]
Total Commitment		1,150,895		1,150,895
Unfunded Commitment		1,150,895		1,150,895
Investment, Identifier [Axis]: Crash Champions Intermediate, LLC Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment				2,713,178
Funded Commitment				2,713,178
Investment, Identifier [Axis]: Crash Champions Intermediate, LLC Type Revolver
Schedule of Investments [Line Items]
Total Commitment				930,233
Funded Commitment				403,101
Unfunded Commitment				527,132
Investment, Identifier [Axis]: Expired Commitment
Schedule of Investments [Line Items]
Expired Commitment		20,223,416		25,700,927
Investment, Identifier [Axis]: Foundation Risk Partners, Corp. Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment		9,306,818		9,306,818
Funded Commitment		9,306,818		9,306,818
Investment, Identifier [Axis]: Funded Commitment
Schedule of Investments [Line Items]
Funded Commitment		32,158,829		34,277,976
Investment, Identifier [Axis]: IMB Midco LLC (formerly, WSP Midco LLC) Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment				3,401,460
Expired Commitment				3,401,460
Investment, Identifier [Axis]: IMB Midco LLC (formerly, WSP Midco LLC) Type Revolver
Schedule of Investments [Line Items]
Total Commitment		850,365		850,365
Funded Commitment		0
Unfunded Commitment		510,219		850,365
Investment, Identifier [Axis]: Jackson Paper Manufacturing Company Type Revolver
Schedule of Investments [Line Items]
Total Commitment		1,333,333		1,333,333
Unfunded Commitment		1,333,333		1,333,333
Investment, Identifier [Axis]: Kelso Industries LLC. Type Revolver
Schedule of Investments [Line Items]
Total Commitment				1,342,105
Funded Commitment				939,473
Unfunded Commitment				402,632
Investment, Identifier [Axis]: Liabilities in Excess of Other Assets
Schedule of Investments [Line Items]
Liabilities in Excess of Other Assets	[1],[2]			$ (260,364,491)
Liabilities in Excess of Other Assets, percentage	[1]			(95.50%)
Investment, Identifier [Axis]: MIS Acquisition, LLC Type Revolver
Schedule of Investments [Line Items]
Total Commitment		1,866,667		$ 1,866,667
Funded Commitment		0
Unfunded Commitment		1,064,796		1,866,667
Investment, Identifier [Axis]: Milestone Technologies, Inc. Type Revolver
Schedule of Investments [Line Items]
Total Commitment		1,551,724		1,551,724
Funded Commitment		465,517		206,897
Unfunded Commitment		1,086,207		1,344,827
Investment, Identifier [Axis]: Montana Buyer Inc. Type Revolver
Schedule of Investments [Line Items]
Total Commitment		2,450,000		2,450,000
Funded Commitment		140,000		350,000
Unfunded Commitment		2,310,000		2,100,000
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost	[1],[3],[4]			541,963,717
Fair Value	[1],[2],[3]			$ 533,065,800
% of Net Assets	[1],[3]			195.50%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments
Schedule of Investments [Line Items]
Amortized Cost	[1],[4]			$ 532,378,544
Fair Value	[1],[2]			$ 526,032,489
% of Net Assets	[1]			192.90%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Automotive
Schedule of Investments [Line Items]
Amortized Cost	[1],[4]			$ 18,783,611
Fair Value	[1],[2]			$ 19,279,402
% of Net Assets	[1]			7.10%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Automotive Crash Champions Intermediate, LLC 2022 Term Loan Reference Rate and Spread 1M SOFR + 7.00% Floor 0.75% Interest Rate 12.36% Initial Acquisition Date 8/8/2022 Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			1M SOFR + 7.00%
Reference Rate and Spread %	[1],[5],[6]			7%
Floor	[1],[6]			0.75%
Interest Rate	[1],[5],[6]			12.36%
Initial Acquisition Date	[1],[6]			Aug. 08, 2022
Maturity Date	[1],[6]			Aug. 01, 2029
Par/Shares	[1],[6]			$ 9,925,000
Amortized Cost	[1],[4],[6]			9,571,368
Fair Value	[1],[2],[6]			$ 9,911,105
% of Net Assets	[1],[6]			3.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Automotive Crash Champions Intermediate, LLC Delayed Draw Term Loan Reference Rate and Spread 1M SOFR + 7.00% Floor 0.75% Interest Rate 12.36% Initial Acquisition Date 8/8/2022 Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			1M SOFR + 7.00%
Reference Rate and Spread %	[1],[5],[6]			7%
Floor	[1],[6]			0.75%
Interest Rate	[1],[5],[6]			12.36%
Initial Acquisition Date	[1],[6]			Aug. 08, 2022
Maturity Date	[1],[6]			Aug. 01, 2029
Par/Shares	[1],[6]			$ 2,686,046
Amortized Cost	[1],[4],[6]			2,639,580
Fair Value	[1],[2],[6]			$ 2,682,286
% of Net Assets	[1],[6]			1%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Automotive Crash Champions Intermediate, LLC Initial Term Loan Reference Rate and Spread 1M SOFR + 7.00% Floor 0.75% Interest Rate 12.36% Initial Acquisition Date 8/8/2022 Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			1M SOFR + 7.00%
Reference Rate and Spread %	[1],[5],[6]			7%
Floor	[1],[6]			0.75%
Interest Rate	[1],[5],[6]			12.36%
Initial Acquisition Date	[1],[6]			Aug. 08, 2022
Maturity Date	[1],[6]			Aug. 01, 2029
Par/Shares	[1],[6]			$ 6,293,023
Amortized Cost	[1],[4],[6]			6,183,816
Fair Value	[1],[2],[6]			$ 6,284,213
% of Net Assets	[1],[6]			2.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Automotive Crash Champions Intermediate, LLC Revolving Credit Loan Reference Rate and Spread PRIME + 5.25% Floor 0.75% Interest Rate 13.75% Initial Acquisition Date 8/8/2022 Maturity Date 8/1/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[7],[8]			PRIME + 5.25%
Reference Rate and Spread %	[1],[5],[7],[8]			5.25%
Floor	[1],[7],[8]			0.75%
Interest Rate	[1],[5],[7],[8]			13.75%
Initial Acquisition Date	[1],[7],[8]			Aug. 08, 2022
Maturity Date	[1],[7],[8]			Aug. 01, 2028
Par/Shares	[1],[7],[8]			$ 403,101
Amortized Cost	[1],[4],[7],[8]			388,847
Fair Value	[1],[2],[7],[8]			$ 401,798
% of Net Assets	[1],[7],[8]			0.10%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Beverage, Food & Tobacco
Schedule of Investments [Line Items]
Amortized Cost		12,060,298	[9],[10]	$ 16,845,603	[1],[4]
Fair Value		$ 12,319,910	[9],[11]	$ 16,823,761	[1],[2]
% of Net Assets		4.90%	[9]	6.20%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Beverage, Food & Tobacco Project Cloud Holdings, LLC Delayed Draw Term Loan Reference Rate and Spread 1M SOFR + 6.50% Floor 1.00% Interest Rate 11.96% Initial Acquisition Date 4/10/2023 Maturity Date 3/31/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6],[7],[8]			1M SOFR + 6.50%
Reference Rate and Spread %	[1],[5],[6],[7],[8]			6.50%
Floor	[1],[6],[7],[8]			1%
Interest Rate	[1],[5],[6],[7],[8]			11.96%
Initial Acquisition Date	[1],[6],[7],[8]			Apr. 10, 2023
Maturity Date	[1],[6],[7],[8]			Mar. 31, 2029
Par/Shares	[1],[6],[7],[8]			$ 1,525,424
Amortized Cost	[1],[4],[6],[7],[8]			1,504,853
Fair Value	[1],[2],[6],[7],[8]			$ 1,483,017
% of Net Assets	[1],[6],[7],[8]			0.50%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Beverage, Food & Tobacco Project Cloud Holdings, LLC Revolving Loan Reference Rate and Spread 1M SOFR + 6.50% Floor 1.00% Interest Rate 11.68% Initial Acquisition Date 6/5/2023 Maturity Date 3/31/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[14],[15]	1M SOFR + 6.25%
Reference Rate and Spread %	[9],[12],[14],[15]	6.25%
Floor	[9],[12],[15]	1%
Interest Rate	[9],[12],[13],[15]	11.69%
Initial Acquisition Date	[9],[12],[15]	Jun. 05, 2023
Maturity Date	[9],[12],[15]	Mar. 31, 2028
Par/Shares	[9],[12],[15]	$ 1,159,322
Amortized Cost	[9],[10],[12],[15]	1,159,322
Fair Value	[9],[11],[12],[15]	$ 1,159,322
% of Net Assets	[9],[12],[15]	0.50%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Beverage, Food & Tobacco Project Cloud Holdings, LLC Revolving Loan Reference Rate and Spread 1M SOFR + 6.50% Floor 1.00% Interest Rate 11.96% Initial Acquisition Date 4/10/2023 Maturity Date 3/31/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[7],[8]			1M SOFR + 6.50%
Reference Rate and Spread %	[1],[5],[7],[8]			6.50%
Floor	[1],[7],[8]			1%
Interest Rate	[1],[5],[7],[8]			11.96%
Initial Acquisition Date	[1],[7],[8]			Apr. 10, 2023
Maturity Date	[1],[7],[8]			Mar. 31, 2028
Par/Shares	[1],[7],[8]			$ 915,253
Amortized Cost	[1],[4],[7],[8]			883,107
Fair Value	[1],[2],[7],[8]			$ 881,329
% of Net Assets	[1],[7],[8]			0.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Beverage, Food & Tobacco Project Cloud Holdings, LLC Term Loan Reference Rate and Spread 1M SOFR + 6.50% Floor 1.00% Interest Rate 11.68% Initial Acquisition Date 6/5/2023 Maturity Date 3/31/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	1M SOFR + 6.25%
Reference Rate and Spread %	[9],[13],[16]	6.25%
Floor	[9],[16]	1%
Interest Rate	[9],[13],[16]	11.69%
Initial Acquisition Date	[9],[16]	Jun. 05, 2023
Maturity Date	[9],[16]	Mar. 31, 2029
Par/Shares	[9],[16]	$ 11,160,588
Amortized Cost	[9],[10],[16]	10,900,976
Fair Value	[9],[11],[16]	$ 11,160,588
% of Net Assets	[9],[16]	4.40%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Beverage, Food & Tobacco Project Cloud Holdings, LLC Term Loan Reference Rate and Spread 1M SOFR + 6.50% Floor 1.00% Interest Rate 11.96% Initial Acquisition Date 4/10/2023 Maturity Date 3/31/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			1M SOFR + 6.50%
Reference Rate and Spread %	[1],[5],[6]			6.50%
Floor	[1],[6]			1%
Interest Rate	[1],[5],[6]			11.96%
Initial Acquisition Date	[1],[6]			Apr. 10, 2023
Maturity Date	[1],[6]			Mar. 31, 2029
Par/Shares	[1],[6]			$ 14,872,881
Amortized Cost	[1],[4],[6]			14,457,643
Fair Value	[1],[2],[6]			$ 14,459,415
% of Net Assets	[1],[6]			5.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services
Schedule of Investments [Line Items]
Amortized Cost		$ 82,147,021	[9],[10]	$ 84,365,628	[1],[4]
Fair Value		$ 82,744,406	[9],[11]	$ 84,555,545	[1],[2]
% of Net Assets		32.80%	[9]	31%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services AVSC Holding Corp. (aka PSAV, Inc.) 2020 B-1 Term Loan (First Lien) Reference Rate and Spread 1M SOFR + 5.50% Floor 1.00% Interest Rate 10.94% (1.00% PIK) Initial Acquisition Date 6/14/2024 Maturity Date 3/3/2025
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13]	1M SOFR + 5.50%
Floor	[9]	1%
Interest Rate	[9],[13]	10.94%
Interest Rate, PIK	[9],[13]	1%
Initial Acquisition Date	[9]	Jun. 14, 2024
Maturity Date	[9]	Mar. 03, 2025
Par/Shares	[9]	$ 2,992,676
Amortized Cost	[9],[10]	2,977,716
Fair Value	[9],[11]	$ 2,977,907
% of Net Assets	[9]	1.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services AVSC Holding Corp. (aka PSAV, Inc.) 2020 B-2 Term Loan (First Lien) Reference Rate and Spread 1M SOFR + 5.50% Floor 1.00% Interest Rate 10.94% (1.00% PIK) Initial Acquisition Date 5/1/2024 Maturity Date 10/15/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13]	1M SOFR + 5.50%
Floor	[9]	1%
Interest Rate	[9],[13]	10.94%
Interest Rate, PIK	[9],[13]	1%
Initial Acquisition Date	[9]	May 01, 2024
Maturity Date	[9]	Oct. 15, 2026
Par/Shares	[9]	$ 6,987,940
Amortized Cost	[9],[10]	7,001,088
Fair Value	[9],[11]	$ 6,987,940
% of Net Assets	[9]	2.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services BCP V Everise Acquisition LLC Cov-Lite Term Loan B Reference Rate and Spread 3M SOFR + 6.00% Interest Rate 11.33% Initial Acquisition Date 12/14/2023 Maturity Date 12/14/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR + 6.00%
Reference Rate and Spread %	[9],[13],[16]	6%
Interest Rate	[9],[13],[16]	11.33%
Initial Acquisition Date	[9],[16]	Dec. 14, 2023
Maturity Date	[9],[16]	Dec. 14, 2029
Par/Shares	[9],[16]	$ 4,894,219
Amortized Cost	[9],[10],[16]	4,431,349
Fair Value	[9],[11],[16]	$ 4,722,921
% of Net Assets	[9],[16]	1.90%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services BCP V Everise Acquisition LLC Cov-Lite Term Loan B Reference Rate and Spread 3M SOFR + 6.00% Interest Rate 11.39% Initial Acquisition Date 12/14/2023 Maturity Date 12/14/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5]			3M SOFR + 6.00%
Reference Rate and Spread %	[1],[5]			6%
Interest Rate	[1],[5]			11.39%
Initial Acquisition Date	[1]			Dec. 14, 2023
Maturity Date	[1]			Dec. 14, 2029
Par/Shares	[1]			$ 9,000,000
Amortized Cost	[1],[4]			8,100,000
Fair Value	[1],[2]			$ 8,100,000
% of Net Assets	[1]			3%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services CoolSys, Inc Closing Date Initial Term Loan Initial Acquisition Date5/1/2024 Maturity Date 8/11/2028
Schedule of Investments [Line Items]
Initial Acquisition Date	[9]	May 01, 2024
Maturity Date	[9]	Aug. 11, 2028
Par/Shares	[9]	$ 12,060,095
Amortized Cost	[9],[10]	11,890,473
Fair Value	[9],[11]	$ 11,929,484
% of Net Assets	[9]	4.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Kelso Industries LLC Eight Amendment Term Loan Reference Rate and Spread 1M SOFR + 6.50% Floor 1.00% Interest Rate 12.02% Initial Acquisition Date 11/17/2023 Maturity Date 5/16/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			1M SOFR + 6.50%
Reference Rate and Spread %	[1],[5],[6]			6.50%
Floor	[1],[6]			1%
Interest Rate	[1],[5],[6]			12.02%
Initial Acquisition Date	[1],[6]			Nov. 17, 2023
Maturity Date	[1],[6]			May 16, 2027
Par/Shares	[1],[6]			$ 15,657,895
Amortized Cost	[1],[4],[6]			15,351,747
Fair Value	[1],[2],[6]			$ 15,344,737
% of Net Assets	[1],[6]			5.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Kelso Industries LLC Revolving Loan Reference Rate and Spread 1M SOFR + 6.50% Floor 1.00% Interest Rate 12.04% Initial Acquisition Date 11/17/2023 Maturity Date 5/16/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[7],[8]			1M SOFR + 6.50%
Reference Rate and Spread %	[1],[5],[7],[8]			6.50%
Floor	[1],[7],[8]			1%
Interest Rate	[1],[5],[7],[8]			12.04%
Initial Acquisition Date	[1],[7],[8]			Nov. 17, 2023
Maturity Date	[1],[7],[8]			May 16, 2027
Par/Shares	[1],[7],[8]			$ 939,473
Amortized Cost	[1],[4],[7],[8]			913,577
Fair Value	[1],[2],[7],[8]			$ 912,632
% of Net Assets	[1],[7],[8]			0.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services MIS Acquisition, LLC Initial Term Loan Reference Rate and Spread 3M SOFR + 6.75% Floor 1.00% Interest Rate 12.07% Initial Acquisition Date 11/16/2023 Maturity Date 11/17/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR + 6.75%
Reference Rate and Spread %	[9],[13],[16]	6.75%
Floor	[9],[16]	1%
Interest Rate	[9],[13],[16]	12.08%
Initial Acquisition Date	[9],[16]	Nov. 16, 2023
Maturity Date	[9],[16]	Nov. 17, 2028
Par/Shares	[9],[16]	$ 14,832,603
Amortized Cost	[9],[10],[16]	14,433,472
Fair Value	[9],[11],[16]	$ 14,555,234
% of Net Assets	[9],[16]	5.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services MIS Acquisition, LLC Initial Term Loan Reference Rate and Spread 3M SOFR + 6.75% Floor 1.00% Interest Rate 12.12% Initial Acquisition Date 11/16/2023 Maturity Date 11/17/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			3M SOFR + 6.75%
Reference Rate and Spread %	[1],[5],[6]			6.75%
Floor	[1],[6]			1%
Interest Rate	[1],[5],[6]			12.12%
Initial Acquisition Date	[1],[6]			Nov. 16, 2023
Maturity Date	[1],[6]			Nov. 17, 2028
Par/Shares	[1],[6]			$ 26,133,333
Amortized Cost	[1],[4],[6]			25,360,599
Fair Value	[1],[2],[6]			$ 25,349,333
% of Net Assets	[1],[6]			9.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services MIS Acquisition, LLC Revolving Loan Reference Rate and Spread 3M SOFR + 6.75% Floor 1.00% Initial Acquisition Date 11/16/2023 Maturity Date 11/17/2028
Schedule of Investments [Line Items]
Reference Rate and Spread		3M SOFR + 6.75%	[9],[12],[13],[15],[17],[18]	3M SOFR + 6.75%	[1],[5],[7],[8],[19],[20]
Reference Rate and Spread %		6.75%	[9],[12],[13],[15],[17],[18]	6.75%	[1],[5],[7],[8],[19],[20]
Floor		1%	[9],[12],[13],[15],[17],[18]	1%	[1],[7],[8],[19],[20]
Initial Acquisition Date		Nov. 16, 2023	[9],[12],[15],[17],[18]	Nov. 16, 2023	[1],[7],[8],[19],[20]
Maturity Date		Nov. 17, 2028	[9],[12],[15],[17],[18]	Nov. 17, 2028	[1],[7],[8],[19],[20]
Amortized Cost		$ (29,108)	[9],[10],[12],[15],[17],[18]	$ (55,014)	[1],[4],[7],[8],[19],[20]
Fair Value		$ (19,912)	[9],[11],[12],[15],[17],[18]	$ (56,000)	[1],[2],[7],[8],[19],[20]
% of Net Assets		0%	[9],[12],[15],[17],[18]	0%	[1],[7],[8],[19],[20]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Milestone Technologies, Inc. First Amendment Term Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.21% Initial Acquisition Date 1/3/2024 Maturity Date 12/7/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9]	3M SOFR + 6.75%
Reference Rate and Spread %	[9]	6.75%
Floor	[9]	1%
Interest Rate	[9]	12.23%
Initial Acquisition Date	[9]	Jan. 03, 2024
Maturity Date	[9]	Dec. 07, 2028
Par/Shares	[9]	$ 1,320,200
Amortized Cost	[9]	1,289,790
Fair Value	[9]	$ 1,279,010
% of Net Assets	[9]	0.50%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Milestone Technologies, Inc. Revolving Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.00% Initial Acquisition Date 12/7/2022 Maturity Date 12/8/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[7],[8]			3M SOFR + 6.50%
Reference Rate and Spread %	[1],[5],[7],[8]			6.50%
Floor	[1],[7],[8]			1%
Interest Rate	[1],[5],[7],[8]			12%
Initial Acquisition Date	[1],[7],[8]			Dec. 07, 2022
Maturity Date	[1],[7],[8]			Dec. 08, 2028
Par/Shares	[1],[7],[8]			$ 206,897
Amortized Cost	[1],[4],[7],[8]			181,384
Fair Value	[1],[2],[7],[8]			$ 173,534
% of Net Assets	[1],[7],[8]			0.10%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Milestone Technologies, Inc. Revolving Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.21% Initial Acquisition Date 12/7/2022 Maturity Date 12/8/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15]	3M SOFR + 6.75%
Reference Rate and Spread %	[9],[12],[13],[15]	6.75%
Floor	[9],[12],[15]	1%
Interest Rate	[9],[12],[13],[15]	12.23%
Initial Acquisition Date	[9],[12],[15]	Dec. 07, 2022
Maturity Date	[9],[12],[15]	Dec. 08, 2028
Par/Shares	[9],[12],[15]	$ 465,517
Amortized Cost	[9],[10],[12],[15]	442,581
Fair Value	[9],[11],[12],[15]	$ 417,103
% of Net Assets	[9],[12],[15]	0.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Milestone Technologies, Inc. Term Loan (First Lien) Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.00% Initial Acquisition Date 12/7/2022 Maturity Date 12/7/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			3M SOFR + 6.50%
Reference Rate and Spread %	[1],[5],[6]			6.50%
Floor	[1],[6]			1%
Interest Rate	[1],[5],[6]			12%
Initial Acquisition Date	[1],[6]			Dec. 07, 2022
Maturity Date	[1],[6]			Dec. 07, 2028
Par/Shares	[1],[6]			$ 13,313,793
Amortized Cost	[1],[4],[6]			13,084,993
Fair Value	[1],[2],[6]			$ 13,027,547
% of Net Assets	[1],[6]			4.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Milestone Technologies, Inc. Term Loan (First Lien) Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.21% Initial Acquisition Date 12/7/2022 Maturity Date 12/7/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR + 6.75%
Reference Rate and Spread %	[9],[13],[16]	6.75%
Floor	[9],[16]	1%
Interest Rate	[9],[13],[16]	12.23%
Initial Acquisition Date	[9],[16]	Dec. 07, 2022
Maturity Date	[9],[16]	Dec. 07, 2028
Par/Shares	[9],[16]	$ 13,036,973
Amortized Cost	[9],[10],[16]	12,829,515
Fair Value	[9],[11],[16]	$ 12,630,219
% of Net Assets	[9],[16]	5%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Montana Buyer Inc. Initial Term Loan Reference Rate and Spread 1M SOFR + 5.75% Floor 0.75% Interest Rate 11.08% Initial Acquisition Date 7/22/2022 Maturity Date 7/22/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	1M SOFR + 5.75%
Reference Rate and Spread %	[9],[13],[16]	5.75%
Floor	[9],[16]	0.75%
Interest Rate	[9],[13],[16]	11.09%
Initial Acquisition Date	[9],[16]	Jul. 22, 2022
Maturity Date	[9],[16]	Jul. 22, 2029
Par/Shares	[9],[16]	$ 21,374,500
Amortized Cost	[9],[10],[16]	21,037,641
Fair Value	[9],[11],[16]	$ 21,374,500
% of Net Assets	[9],[16]	8.50%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Montana Buyer Inc. Initial Term Loan Reference Rate and Spread 1M SOFR + 5.75% Floor 0.75% Interest Rate 11.11% Initial Acquisition Date 7/22/2022 Maturity Date 7/22/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			1M SOFR + 5.75%
Reference Rate and Spread %	[1],[5],[6]			5.75%
Floor	[1],[6]			0.75%
Interest Rate	[1],[5],[6]			11.11%
Initial Acquisition Date	[1],[6]			Jul. 22, 2022
Maturity Date	[1],[6]			Jul. 22, 2029
Par/Shares	[1],[6]			$ 21,483,000
Amortized Cost	[1],[4],[6]			21,115,534
Fair Value	[1],[2],[6]			$ 21,366,992
% of Net Assets	[1],[6]			7.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Montana Buyer Inc. Revolving Loan Reference Rate and Spread FFR + 4.75% Floor 0.75% Interest Rate 11.08% Initial Acquisition Date 7/22/2022 Maturity Date 7/22/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15]	FFR + 4.75%
Reference Rate and Spread %	[9],[12],[13],[15]	4.75%
Floor	[9],[12],[15]	0.75%
Interest Rate	[9],[12],[13],[15]	11.09%
Initial Acquisition Date	[9],[12],[15]	Jul. 22, 2022
Maturity Date	[9],[12],[15]	Jul. 22, 2028
Par/Shares	[9],[12],[15]	$ 140,000
Amortized Cost	[9],[10],[12],[15]	106,879
Fair Value	[9],[11],[12],[15]	$ 140,000
% of Net Assets	[9],[12],[15]	0.10%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Montana Buyer Inc. Revolving Loan Reference Rate and Spread FFR + 4.75% Floor 0.75% Interest Rate 11.11% Initial Acquisition Date 7/22/2022 Maturity Date 7/22/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[7],[8]			FFR + 4.75%
Reference Rate and Spread %	[1],[5],[7],[8]			4.75%
Floor	[1],[7],[8]			0.75%
Interest Rate	[1],[5],[7],[8]			11.11%
Initial Acquisition Date	[1],[7],[8]			Jul. 22, 2022
Maturity Date	[1],[7],[8]			Jul. 22, 2028
Par/Shares	[1],[7],[8]			$ 350,000
Amortized Cost	[1],[4],[7],[8]			312,808
Fair Value	[1],[2],[7],[8]			$ 336,770
% of Net Assets	[1],[7],[8]			0.10%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Business Services Nielsen Consumer Inc. Ninth Amendment Dollar Refinancing Term Loan Initial Acquisition Date6/18/2024 Maturity Date3/6/2028
Schedule of Investments [Line Items]
Initial Acquisition Date	[9]	Jun. 18, 2024
Maturity Date	[9]	Mar. 06, 2028
Par/Shares	[9]	$ 5,750,000
Amortized Cost	[9]	5,735,625
Fair Value	[9]	$ 5,750,000
% of Net Assets	[9]	2.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Construction & Building
Schedule of Investments [Line Items]
Amortized Cost		$ 13,618,354	[9],[10]	$ 13,658,316	[1],[4]
Fair Value		$ 13,181,264	[9],[11]	$ 13,446,800	[1],[2]
% of Net Assets		5.20%	[9]	4.90%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Construction & Building Steele Solutions, Inc. Initial Term Loan Reference Rate and Spread 3M SOFR + 7.25% Floor 0.50% Interest Rate 12.91% Initial Acquisition Date 3/18/2022 Maturity Date 3/18/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			3M SOFR + 7.25%
Reference Rate and Spread %	[1],[5],[6]			7.25%
Floor	[1],[6]			0.50%
Interest Rate	[1],[5],[6]			12.91%
Initial Acquisition Date	[1],[6]			Mar. 18, 2022
Maturity Date	[1],[6]			Mar. 18, 2027
Par/Shares	[1],[6]			$ 13,881,774
Amortized Cost	[1],[4],[6]			13,683,161
Fair Value	[1],[2],[6]			$ 13,500,025
% of Net Assets	[1],[6]			5%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Construction & Building Steele Solutions, Inc. Initial Term Loan Reference Rate and Spread 3M SOFR + 7.25% Floor 0.50% Interest Rate 13.34% Initial Acquisition Date 3/18/2022 Maturity Date 3/18/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR + 7.75%
Reference Rate and Spread %	[9],[13],[16]	7.75%
Floor	[9],[16]	0.50%
Interest Rate	[9],[13],[16]	13.31%
Initial Acquisition Date	[9],[16]	Mar. 18, 2022
Maturity Date	[9],[16]	Mar. 18, 2027
Par/Shares	[9],[16]	$ 13,811,129
Amortized Cost	[9],[10],[16]	13,639,341
Fair Value	[9],[11],[16]	$ 13,258,684
% of Net Assets	[9],[16]	5.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Construction & Building Steele Solutions, Inc. Revolving Loan Reference Rate and Spread 3M SOFR + 7.25% Floor 0.50% Initial Acquisition Date 3/18/2022 Maturity Date 3/18/2027
Schedule of Investments [Line Items]
Reference Rate and Spread		3M SOFR + 7.75%	[9],[12],[13],[15],[17],[18]	3M SOFR + 7.25%	[1],[5],[7],[8],[19],[20]
Reference Rate and Spread %		7.75%	[9],[12],[13],[15],[17],[18]	7.25%	[1],[5],[7],[8],[19],[20]
Floor		0.50%	[9],[12],[15],[17],[18]	0.50%	[1],[7],[8],[19],[20]
Initial Acquisition Date		Mar. 18, 2022	[9],[12],[15],[17],[18]	Mar. 18, 2022	[1],[7],[8],[19],[20]
Maturity Date		Mar. 18, 2027	[9],[12],[15],[17],[18]	Mar. 18, 2027	[1],[7],[8],[19],[20]
Amortized Cost		$ (20,987)	[9],[10],[12],[15],[17],[18]	$ (24,845)	[1],[4],[7],[8],[19],[20]
Fair Value		$ (77,420)	[9],[11],[12],[15],[17],[18]	$ (53,225)	[1],[2],[7],[8],[19],[20]
% of Net Assets		0%	[9],[12],[15],[17],[18]	0%	[1],[7],[8],[19],[20]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Durable
Schedule of Investments [Line Items]
Amortized Cost		$ 48,213,802	[9],[10]	$ 50,459,203	[1],[4]
Fair Value		$ 48,800,714	[9],[11]	$ 51,235,893	[1],[2]
% of Net Assets		19.40%	[9]	18.80%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Durable BCDI Meteor Acquisition, LLC Initial Term Loan Reference Rate and Spread 3M SOFR + 7.00% Floor 1.00% Interest Rate 12.40% Initial Acquisition Date 12/29/2022 Maturity Date 10/29/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR + 7.00%
Reference Rate and Spread %	[9],[13],[16]	7%
Floor	[9],[16]	1%
Interest Rate	[9],[13],[16]	12.43%
Initial Acquisition Date	[9],[16]	Dec. 29, 2022
Maturity Date	[9],[16]	Oct. 29, 2028
Par/Shares	[9],[16]	$ 24,687,500
Amortized Cost	[9],[10],[16]	24,199,524
Fair Value	[9],[11],[16]	$ 24,411,000
% of Net Assets	[9],[16]	9.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Durable BCDI Meteor Acquisition, LLC Initial Term Loan Reference Rate and Spread 3M SOFR + 7.00% Floor 1.00% Interest Rate 12.45% Initial Acquisition Date 12/29/2022 Maturity Date 10/29/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			3M SOFR + 7.00%
Reference Rate and Spread %	[1],[5],[6]			7%
Floor	[1],[6]			1%
Interest Rate	[1],[5],[6]			12.45%
Initial Acquisition Date	[1],[6]			Dec. 29, 2022
Maturity Date	[1],[6]			Oct. 29, 2028
Par/Shares	[1],[6]			$ 24,812,500
Amortized Cost	[1],[4],[6]			24,279,227
Fair Value	[1],[2],[6]			$ 24,556,931
% of Net Assets	[1],[6]			9%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Durable Hy Cite Enterprises, LLC Term Loan Reference Rate and Spread 3M SOFR + 8.00% Floor 1.50% Interest Rate 13.59% Initial Acquisition Date 11/12/2021 Maturity Date 11/12/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR + 8.00%
Reference Rate and Spread %	[9],[13],[16]	8%
Floor	[9],[16]	1.50%
Interest Rate	[9],[13],[16]	13.59%
Initial Acquisition Date	[9],[16]	Nov. 12, 2021
Maturity Date	[9],[16]	Nov. 12, 2026
Par/Shares	[9],[16]	$ 24,389,714
Amortized Cost	[9],[10],[16]	24,014,278
Fair Value	[9],[11],[16]	$ 24,389,714
% of Net Assets	[9],[16]	9.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Durable Hy Cite Enterprises, LLC Term Loan Reference Rate and Spread 3M SOFR + 8.00% Floor 1.50% Interest Rate 13.65% Initial Acquisition Date 11/12/2021 Maturity Date 11/12/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6]			3M SOFR + 8.00%
Reference Rate and Spread %	[1],[5],[6]			8%
Floor	[1],[6]			1.50%
Interest Rate	[1],[5],[6]			13.65%
Initial Acquisition Date	[1],[6]			Nov. 12, 2021
Maturity Date	[1],[6]			Nov. 12, 2026
Par/Shares	[1],[6]			$ 26,678,962
Amortized Cost	[1],[4],[6]			26,179,976
Fair Value	[1],[2],[6]			$ 26,678,962
% of Net Assets	[1],[6]			9.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Non-durable
Schedule of Investments [Line Items]
Amortized Cost		$ 40,238,748	[9],[10]	$ 40,618,853	[1],[4]
Fair Value		$ 34,083,667	[9],[11]	$ 38,723,754	[1],[2]
% of Net Assets		13.50%	[9]	14.20%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Non-durable Connect America.com, LLC Incremental Term Facility Reference Rate and Spread 6M SOFR + 7.00% Floor 1.00% Interest Rate 12.74% Initial Acquisition Date 4/6/2022 Maturity Date 6/30/2026
Schedule of Investments [Line Items]
Reference Rate and Spread		3M SOFR + 7.00%	[9],[13],[16]	6M SOFR + 7.00%	[1],[5],[6]
Reference Rate and Spread %		7%	[9],[13],[16]	7%	[1],[5],[6]
Floor		1%	[9],[16]	1%	[1],[6]
Interest Rate		12.49%	[9],[13],[16]	12.74%	[1],[5],[6]
Initial Acquisition Date		Apr. 06, 2022	[9],[16]	Apr. 06, 2022	[1],[6]
Maturity Date		Jun. 30, 2026	[9],[16]	Jun. 30, 2026	[1],[6]
Par/Shares		$ 1,220,485	[9],[16]	$ 1,231,767	[1],[6]
Amortized Cost		1,201,342	[9],[10],[16]	1,208,056	[1],[4],[6]
Fair Value		$ 1,220,485	[9],[11],[16]	$ 1,216,370	[1],[2],[6]
% of Net Assets		0.50%	[9],[16]	0.40%	[1],[6]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Non-durable Connect America.com, LLC Term Facility Reference Rate and Spread 6M SOFR + 7.00% Floor 1.00% Interest Rate 12.43% Initial Acquisition Date 10/1/2021 Maturity Date 6/30/2026
Schedule of Investments [Line Items]
Reference Rate and Spread		6M SOFR + 7.00%	[9],[13],[16]	6M SOFR + 7.00%	[1],[5],[6]
Reference Rate and Spread %		7%	[9],[13],[16]	7%	[1],[5],[6]
Floor		1%	[9],[16]	1%	[1],[6]
Interest Rate		12.51%	[9],[13],[16]	12.43%	[1],[5],[6]
Initial Acquisition Date		Oct. 01, 2021	[9],[16]	Oct. 01, 2021	[1],[6]
Maturity Date		Jun. 30, 2026	[9],[16]	Jun. 30, 2026	[1],[6]
Par/Shares		$ 20,655,151	[9],[16]	$ 20,846,085	[1],[6]
Amortized Cost		20,453,485	[9],[10],[16]	20,597,404	[1],[4],[6]
Fair Value		$ 20,655,151	[9],[11],[16]	$ 20,585,509	[1],[2],[6]
% of Net Assets		8.20%	[9],[16]	7.50%	[1],[6]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Non-durable Wellful Inc. Amendment No. 1 Incremental Term Loan Reference Rate and Spread 3M SOFR + 6.25% Floor 0.75% Interest Rate 11.69% Initial Acquisition Date 11/16/2021 Maturity Date 4/21/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16],[21]	3M SOFR + 6.25%
Reference Rate and Spread %	[9],[13],[16],[21]	6.25%
Floor	[9],[16],[21]	0.75%
Interest Rate	[9],[13],[16],[21]	11.71%
Initial Acquisition Date	[9],[16],[21]	Nov. 16, 2021
Maturity Date	[9],[16],[21]	Apr. 21, 2027
Par/Shares	[9],[16],[21]	$ 4,781,250
Amortized Cost	[9],[10],[16],[21]	4,619,950
Fair Value	[9],[11],[16],[21]	$ 3,113,048
% of Net Assets	[9],[16],[21]	1.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Non-durable Wellful Inc. Amendment No. 1 Incremental Term Loan Reference Rate and Spread 3M SOFR + 6.25% Floor 0.75% Interest Rate 11.72% Initial Acquisition Date 11/16/2021 Maturity Date 4/21/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6],[22]			3M SOFR + 6.25%
Reference Rate and Spread %	[1],[5],[6],[22]			6.25%
Floor	[1],[6],[22]			0.75%
Interest Rate	[1],[5],[6],[22]			11.72%
Initial Acquisition Date	[1],[6],[22]			Nov. 16, 2021
Maturity Date	[1],[6],[22]			Apr. 21, 2027
Par/Shares	[1],[6],[22]			$ 4,843,750
Amortized Cost	[1],[4],[6],[22]			4,664,448
Fair Value	[1],[2],[6],[22]			$ 4,313,965
% of Net Assets	[1],[6],[22]			1.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Non-durable Wellful Inc. Initial Term Loan (First Lien) Reference Rate and Spread 6M SOFR + 6.25% Floor 0.75% Interest Rate 11.69% Initial Acquisition Date 11/16/2021 Maturity Date 4/21/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16],[21]	6M SOFR + 6.25%
Reference Rate and Spread %	[9],[13],[16],[21]	6.25%
Floor	[9],[16],[21]	0.75%
Interest Rate	[9],[13],[16],[21]	11.71%
Initial Acquisition Date	[9],[16],[21]	Nov. 16, 2021
Maturity Date	[9],[16],[21]	Apr. 21, 2027
Par/Shares	[9],[16],[21]	$ 13,968,750
Amortized Cost	[9],[10],[16],[21]	13,963,971
Fair Value	[9],[11],[16],[21]	$ 9,094,983
% of Net Assets	[9],[16],[21]	3.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Goods: Non-durable Wellful Inc. Initial Term Loan (First Lien) Reference Rate and Spread 6M SOFR + 6.25% Floor 0.75% Interest Rate 11.72% Initial Acquisition Date 11/16/2021 Maturity Date 4/21/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6],[22]			6M SOFR + 6.25%
Reference Rate and Spread %	[1],[5],[6],[22]			6.25%
Floor	[1],[6],[22]			0.75%
Interest Rate	[1],[5],[6],[22]			11.72%
Initial Acquisition Date	[1],[6],[22]			Nov. 16, 2021
Maturity Date	[1],[6],[22]			Apr. 21, 2027
Par/Shares	[1],[6],[22]			$ 14,156,250
Amortized Cost	[1],[4],[6],[22]			14,148,945
Fair Value	[1],[2],[6],[22]			$ 12,607,910
% of Net Assets	[1],[6],[22]			4.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Services
Schedule of Investments [Line Items]
Amortized Cost		$ 11,850,477	[9],[10]	$ 9,636,433	[1]
Fair Value		$ 11,647,284	[9],[11]	$ 8,699,485	[1]
% of Net Assets		4.60%	[9]	3.20%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Services KUEHG Corp. Initial Term Loan Reference Rate and Spread 3M SOFR + 5.00% Floor 0.50% Interest Rate 10.30% Initial Acquisition Date 3/26/2024 Maturity Date 6/12/2030
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15],[17],[18],[23]	3M SOFR + 4.50%
Reference Rate and Spread %	[9],[12],[13],[15],[17],[18],[23]	4.50%
Floor	[9],[12],[15],[17],[18],[23]	0.50%
Interest Rate	[9],[12],[15],[17],[18],[23]	9.83%
Initial Acquisition Date	[9],[12],[15],[17],[18],[23]	Mar. 26, 2024
Maturity Date	[9],[12],[15],[17],[18],[23]	Jun. 12, 2030
Par/Shares	[9],[10],[12],[15],[17],[18],[23]	$ 2,238,750
Amortized Cost	[9],[10],[12],[15],[17],[18],[23]	2,234,266
Fair Value	[9],[11],[12],[15],[17],[18],[23]	$ 2,238,750
% of Net Assets	[9],[12],[15],[17],[18],[23]	0.90%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Services Zips Car Wash, LLC Delayed Draw Term Loan Reference Rate and Spread 1M SOFR + 7.25% Floor 1.00% Interest Rate 12.68% Initial Acquisition Date 7/13/2022 Maturity Date 12/31/2024
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15],[16]	1M SOFR + 7.25%
Reference Rate and Spread %	[9],[12],[13],[15],[16]	7.25%
Floor	[9],[12],[15],[16]	1%
Interest Rate	[9],[12],[13],[15],[16]	12.69%
Initial Acquisition Date	[9],[12],[15],[16]	Jul. 13, 2022
Maturity Date	[9],[12],[15],[16]	Dec. 31, 2024
Par/Shares	[9],[12],[15],[16]	$ 9,673,590
Amortized Cost	[9],[10],[12],[15],[16]	9,616,211
Fair Value	[9],[11],[12],[15],[16]	$ 9,408,534
% of Net Assets	[9],[12],[15],[16]	3.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Consumer Services Zips Car Wash, LLC Delayed Draw Term Loan Reference Rate and Spread 1M SOFR + 7.25% Floor 1.00% Interest Rate 12.71% Initial Acquisition Date 7/13/2022 Maturity Date 3/1/2024
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[5],[6],[7],[8]			1M SOFR + 7.25%
Reference Rate and Spread %	[1],[5],[6],[7],[8]			7.25%
Floor	[1],[6],[7],[8]			1%
Interest Rate	[1],[5],[6],[7],[8]			12.71%
Initial Acquisition Date	[1],[6],[7],[8]			Jul. 13, 2022
Maturity Date	[1],[6],[7],[8]			Mar. 01, 2024
Par/Shares	[1],[6],[7],[8]			$ 9,648,940
Amortized Cost	[1],[4],[6],[7],[8]			9,636,433
Fair Value	[1],[2],[6],[7],[8]			$ 8,699,485
% of Net Assets	[1],[6],[7],[8]			3.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Financial Services
Schedule of Investments [Line Items]
Amortized Cost	[9],[10]	$ 9,896,647
Fair Value	[9],[11]	$ 9,992,687
% of Net Assets	[9]	4%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Financial Services The Edelman Financial Engines Center, LLC 2024 Refinancing Term Loan (Second Lien) Initial Acquisition Date 5/23/2024 Maturity Date 10/16/2028
Schedule of Investments [Line Items]
Initial Acquisition Date	[9]	May 23, 2024
Maturity Date	[9]	Oct. 16, 2028
Par/Shares	[9]	$ 2,000,000
Amortized Cost	[9],[10]	1,995,011
Fair Value	[9],[11]	$ 2,000,000
% of Net Assets	[9]	0.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Financial Services The Ultimus Group Midco, LLC Delayed Draw Term Loan Reference Rate and Spread 3M SOFR + 5.50% Floor 0.75% Initial Acquisition Date 3/7/2024 Maturity Date 3/7/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15],[17],[18],[23]	3M SOFR + 5.50%
Reference Rate and Spread %	[9],[12],[13],[15],[17],[18],[23]	5.50%
Floor	[9],[12],[15],[17],[18],[23]	0.75%
Initial Acquisition Date	[9],[12],[15],[17],[18],[23]	Mar. 07, 2024
Maturity Date	[9],[12],[15],[17],[18],[23]	Mar. 07, 2026
Amortized Cost	[9],[10],[12],[15],[17],[18],[23]	$ (5,723)
Fair Value	[9],[11],[12],[15],[17],[18],[23]	$ 0
% of Net Assets	[9],[12],[15],[17],[18],[23]	0%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Financial Services The Ultimus Group Midco, LLC Revolving Loan Reference Rate and Spread 3M SOFR + 5.50% Floor 0.75% Initial Acquisition Date 3/7/2024 Maturity Date 3/7/2030
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15],[17],[18],[23]	3M SOFR + 5.50%
Reference Rate and Spread %	[9],[12],[13],[15],[17],[18],[23]	5.50%
Floor	[9],[12],[15],[17],[18],[23]	0.75%
Initial Acquisition Date	[9],[12],[15],[17],[18],[23]	Mar. 07, 2024
Maturity Date	[9],[12],[15],[17],[18],[23]	Mar. 07, 2030
Amortized Cost	[9],[10],[12],[15],[17],[18],[23]	$ (7,588)
Fair Value	[9],[11],[12],[15],[17],[18],[23]	$ 0
% of Net Assets	[9],[12],[15],[17],[18],[23]	0%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Financial Services The Ultimus Group Midco, LLC Term Loan Reference Rate and Spread 3M SOFR + 5.50% Floor 0.75% Interest Rate 10.93% Initial Acquisition Date 3/7/2024 Maturity Date 3/7/2031
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[23]	3M SOFR + 5.50%
Reference Rate and Spread %	[9],[13],[23]	5.50%
Floor	[9],[23]	0.75%
Interest Rate	[9],[13],[23]	10.93%
Initial Acquisition Date	[9],[23]	Mar. 07, 2024
Maturity Date	[9],[23]	Mar. 07, 2031
Par/Shares	[9],[23]	$ 7,992,687
Amortized Cost	[9],[10],[23]	7,914,947
Fair Value	[9],[11],[23]	$ 7,992,687
% of Net Assets	[9],[23]	3.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Forest Products & Paper
Schedule of Investments [Line Items]
Amortized Cost		$ 11,032,393	[9],[10]	$ 11,074,806	[1]
Fair Value		$ 10,611,430	[9],[11]	$ 10,917,405	[1]
% of Net Assets		4.20%	[9]	4%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Forest Products & Paper Jackson Paper Manufacturing Company Initial Term Loan Reference Rate and Spread 3M SOFR + 7.25% Floor 1.00% Interest Rate 12.68% Initial Acquisition Date 10/1/2021 Maturity Date 8/26/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	1M SOFR + 7.25%
Reference Rate and Spread %	[9],[13],[16]	7.25%
Floor	[9],[16]	1%
Interest Rate	[9],[13],[16]	12.68%
Initial Acquisition Date	[9],[16]	Oct. 01, 2021
Maturity Date	[9],[16]	Aug. 26, 2026
Par/Shares	[9],[16]	$ 11,172,963
Amortized Cost	[9],[10],[16]	11,045,566
Fair Value	[9],[11],[16]	$ 10,671,297
% of Net Assets	[9],[16]	4.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Forest Products & Paper Jackson Paper Manufacturing Company Initial Term Loan Reference Rate and Spread 3M SOFR + 7.25% Floor 1.00% Interest Rate 12.79% Initial Acquisition Date 10/1/2021 Maturity Date 8/26/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			3M SOFR + 7.25%
Reference Rate and Spread %	[1],[6]			7.25%
Floor	[1],[6]			1%
Interest Rate	[1],[6]			12.79%
Initial Acquisition Date	[1],[6]			Oct. 01, 2021
Maturity Date	[1],[6]			Aug. 26, 2026
Par/Shares	[1],[6]			$ 11,245,718
Amortized Cost	[1],[6]			11,091,029
Fair Value	[1],[6]			$ 10,952,205
% of Net Assets	[1],[6]			4%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Forest Products & Paper Jackson Paper Manufacturing Company Revolving Loan Reference Rate and Spread 3M SOFR + 7.25% Floor 1.00% Initial Acquisition Date 10/1/2021 Maturity Date 8/26/2026
Schedule of Investments [Line Items]
Reference Rate and Spread		1M SOFR + 7.25%	[9],[12],[13],[15],[17],[18]	3M SOFR + 7.25%	[1],[7],[8],[19],[20]
Reference Rate and Spread %		7.25%	[9],[12],[13],[15],[17],[18]	7.25%	[1],[7],[8],[19],[20]
Floor		1%	[9],[12],[15],[17],[18]	1%	[1],[7],[8],[19],[20]
Initial Acquisition Date		Oct. 01, 2021	[9],[12],[15],[17],[18]	Oct. 01, 2021	[1],[7],[8],[19],[20]
Maturity Date		Aug. 26, 2026	[9],[12],[15],[17],[18]	Aug. 26, 2026	[1],[7],[8],[19],[20]
Amortized Cost		$ (13,173)	[9],[10],[12],[15],[17],[18]	$ (16,223)	[1],[7],[8],[19],[20]
Fair Value		$ (59,867)	[9],[11],[12],[15],[17],[18]	$ (34,800)	[1],[7],[8],[19],[20]
% of Net Assets		0%	[9],[12],[15],[17],[18]	0%	[1],[7],[8],[19],[20]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals
Schedule of Investments [Line Items]
Amortized Cost	[1]			$ 97,528,130
Fair Value	[1]			$ 94,446,748
% of Net Assets	[1]			34.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals APT Opco, LLC Delayed Draw Term Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.08% Initial Acquisition Date 12/28/2021 Maturity Date 12/28/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15],[16]	3M SOFR + 6.50%
Reference Rate and Spread %	[9],[12],[13],[15],[16]	6.50%
Floor	[9],[12],[15],[16]	1%
Interest Rate	[9],[12],[13],[15],[16]	12.10%
Initial Acquisition Date	[9],[12],[15],[16]	Dec. 28, 2021
Maturity Date	[9],[12],[15],[16]	Dec. 28, 2026
Par/Shares	[9],[12],[15],[16]	$ 1,528,274
Amortized Cost	[9],[10],[12],[15],[16]	1,517,159
Fair Value	[9],[11],[12],[15],[16]	$ 1,519,410
% of Net Assets	[9],[12],[15],[16]	0.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals APT Opco, LLC Delayed Draw Term Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.13% Initial Acquisition Date 12/28/2021 Maturity Date 12/28/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[7],[8]			3M SOFR + 6.50%
Reference Rate and Spread %	[1],[6],[7],[8]			6.50%
Floor	[1],[6],[7],[8]			1%
Interest Rate	[1],[6],[7],[8]			12.13%
Initial Acquisition Date	[1],[6],[7],[8]			Dec. 28, 2021
Maturity Date	[1],[6],[7],[8]			Dec. 28, 2026
Par/Shares	[1],[6],[7],[8]			$ 1,536,012
Amortized Cost	[1],[6],[7],[8]			1,522,969
Fair Value	[1],[6],[7],[8]			$ 1,523,724
% of Net Assets	[1],[6],[7],[8]			0.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals APT Opco, LLC Senior Secured Term Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.07% Initial Acquisition Date 12/28/2021 Maturity Date 12/28/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR + 6.50%
Reference Rate and Spread %	[9],[13],[16]	6.50%
Floor	[9],[16]	1%
Interest Rate	[9],[13],[16]	12.10%
Initial Acquisition Date	[9],[16]	Dec. 28, 2021
Maturity Date	[9],[16]	Dec. 28, 2026
Par/Shares	[9],[16]	$ 19,732,143
Amortized Cost	[9],[10],[16]	19,506,506
Fair Value	[9],[11],[16]	$ 19,617,696
% of Net Assets	[9],[16]	7.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals APT Opco, LLC Senior Secured Term Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 1.00% Interest Rate 12.11% Initial Acquisition Date 12/28/2021 Maturity Date 12/28/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			3M SOFR + 6.50%
Reference Rate and Spread %	[1],[6]			6.50%
Floor	[1],[6]			1%
Interest Rate	[1],[6]			12.11%
Initial Acquisition Date	[1],[6]			Dec. 28, 2021
Maturity Date	[1],[6]			Dec. 28, 2026
Par/Shares	[1],[6]			$ 19,833,333
Amortized Cost	[1],[6]			19,571,109
Fair Value	[1],[6]			$ 19,674,667
% of Net Assets	[1],[6]			7.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Amplity Parent, Inc. Restatement Date Term Loan (First Lien) Reference Rate and Spread 1M SOFR + 7.50% Floor 1.00% Interest Rate 11.43% (1.50% PIK) Initial Acquisition Date 2/4/2022 Maturity Date 1/31/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	6M SOFR + 7.50%
Reference Rate and Spread %	[9],[13],[16]	7.50%
Floor	[9],[16]	1%
Interest Rate	[13]	12.93%
Interest Rate, PIK	[13]	1.50%
Initial Acquisition Date	[9],[16]	Feb. 04, 2022
Maturity Date	[9],[16]	Jan. 31, 2027
Par/Shares	[9],[16]	$ 21,764,314
Amortized Cost	[9],[10],[16]	21,557,188
Fair Value	[9],[11],[16]	$ 15,870,538
% of Net Assets	[9],[16]	6.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Amplity Parent, Inc. Restatement Date Term Loan (First Lien) Reference Rate and Spread 1M SOFR + 7.50% Floor 1.00% Interest Rate 12.96% (1.50% PIK) Initial Acquisition Date 2/4/2022 Maturity Date 1/31/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			1M SOFR + 7.50%
Reference Rate and Spread %	[1],[6]			7.50%
Floor	[1],[6]			1%
Interest Rate	[1],[6]			12.96%
Interest Rate, PIK	[1],[6]			1.50%
Initial Acquisition Date	[1],[6]			Feb. 04, 2022
Maturity Date	[1],[6]			Jan. 31, 2027
Par/Shares	[1],[6]			$ 21,625,196
Amortized Cost	[1],[6]			21,377,471
Fair Value	[1],[6]			$ 17,881,874
% of Net Assets	[1],[6]			6.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Amplity Parent, Inc. Revolving Credit Facility Reference Rate and Spread 1M SOFR + 7.50% Floor 1.00% Interest Rate 11.43% (1.50% PIK) Initial Acquisition Date 2/4/2022 Maturity Date 1/31/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15]	6M SOFR + 7.50%
Reference Rate and Spread %	[9],[12],[13],[15]	7.50%
Floor	[9],[12],[15]	1%
Interest Rate	[12],[13],[15]	12.93%
Interest Rate, PIK	[12],[15]	1.50%
Initial Acquisition Date	[9],[12],[15]	Feb. 04, 2022
Maturity Date	[9],[12],[15]	Jan. 31, 2027
Par/Shares	[9],[12],[15]	$ 1,497,718
Amortized Cost	[9],[10],[12],[15]	1,477,894
Fair Value	[9],[11],[12],[15]	$ 894,638
% of Net Assets	[9],[12],[15]	0.40%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Amplity Parent, Inc. Revolving Credit Facility Reference Rate and Spread 1M SOFR + 7.50% Floor 1.00% Interest Rate 12.96% (1.50% PIK) Initial Acquisition Date 2/4/2022 Maturity Date 1/31/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[7],[8]			1M SOFR + 7.50%
Reference Rate and Spread %	[1],[7],[8]			7.50%
Floor	[1],[7],[8]			1%
Interest Rate	[1],[7],[8]			12.96%
Interest Rate, PIK	[1],[7],[8]			1.50%
Initial Acquisition Date	[1],[7],[8]			Feb. 04, 2022
Maturity Date	[1],[7],[8]			Jan. 31, 2027
Par/Shares	[1],[7],[8]			$ 1,488,145
Amortized Cost	[1],[7],[8]			1,464,351
Fair Value	[1],[7],[8]			$ 1,102,646
% of Net Assets	[1],[7],[8]			0.40%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Celerion Buyer, Inc. Delayed Draw Term Loan Reference Rate and Spread 6M SOFR +6.50% Floor 0.75% Initial Acquisition Date 11/7/2022 Maturity Date 11/3/2029
Schedule of Investments [Line Items]
Reference Rate and Spread		3M SOFR +5.50%	[9],[12],[13],[15],[17],[18]	6M SOFR +6.50%	[1],[7],[8],[19],[20]
Reference Rate and Spread %		5.50%	[9],[12],[13],[15],[17],[18]	6.50%	[1],[7],[8],[19],[20]
Floor		0.75%	[9],[12],[15],[17],[18]	0.75%	[1],[7],[8],[19],[20]
Initial Acquisition Date		Nov. 07, 2022	[9],[12],[15],[17],[18]	Nov. 07, 2022	[1],[7],[8],[19],[20]
Maturity Date		Nov. 03, 2029	[9],[12],[15],[17],[18]	Nov. 03, 2029	[1],[7],[8],[19],[20]
Amortized Cost		$ (42,215)	[9],[10],[12],[15],[17],[18]	$ (46,870)	[1],[7],[8],[19],[20]
Fair Value	[9],[11],[12],[15],[17],[18]	$ 0
% of Net Assets		0%	[9],[12],[15],[17],[18]	0%	[1],[7],[8],[19],[20]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Celerion Buyer, Inc. Revolving Loan Reference Rate and Spread 6M SOFR +6.50% Floor 0.75% Initial Acquisition Date 11/7/2022 Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Reference Rate and Spread		3M SOFR +5.50%	[9],[12],[13],[15],[17],[18]	6M SOFR +6.50%	[1],[7],[8],[19],[20]
Reference Rate and Spread %		5.50%	[9],[12],[13],[15],[17],[18]	6.50%	[1],[7],[8],[19],[20]
Floor		0.75%	[9],[12],[15],[17],[18]	0.75%	[1],[7],[8],[19],[20]
Initial Acquisition Date		Nov. 07, 2022	[9],[12],[15],[17],[18]	Nov. 07, 2022	[1],[7],[8],[19],[20]
Maturity Date		Nov. 03, 2028	[9],[12],[15],[17],[18]	Nov. 03, 2028	[1],[7],[8],[19],[20]
Amortized Cost		$ (20,856)	[9],[10],[12],[15],[17],[18]	$ (23,249)	[1],[7],[8],[19],[20]
Fair Value	[9],[11],[12],[15],[17],[18]	$ 0
% of Net Assets		0%	[9],[12],[15],[17],[18]	0%	[1],[7],[8],[19],[20]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Celerion Buyer, Inc. Term Loan (First Lien) Reference Rate and Spread 6M SOFR +6.50% Floor 0.75% Interest Rate 11.77% Initial Acquisition Date 11/7/2022 Maturity Date 11/3/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR +5.50%
Reference Rate and Spread %	[9],[13],[16]	5.50%
Floor	[9],[16]	0.75%
Interest Rate	[9],[13],[16]	10.84%
Initial Acquisition Date	[9],[16]	Nov. 07, 2022
Maturity Date	[9],[16]	Nov. 03, 2029
Par/Shares	[9],[16]	$ 14,329,105
Amortized Cost	[9],[10],[16]	14,055,288
Fair Value	[9],[11],[16]	$ 14,329,105
% of Net Assets	[9],[16]	5.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Celerion Buyer, Inc. Term Loan (First Lien) Reference Rate and Spread 6M SOFR +6.50% Floor 0.75% Interest Rate 11.93% Initial Acquisition Date 11/7/2022 Maturity Date 11/3/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			6M SOFR +6.50%
Reference Rate and Spread %	[1],[6]			6.50%
Floor	[1],[6]			0.75%
Interest Rate	[1],[6]			11.93%
Initial Acquisition Date	[1],[6]			Nov. 07, 2022
Maturity Date	[1],[6]			Nov. 03, 2029
Par/Shares	[1],[6]			$ 14,401,841
Amortized Cost	[1],[6]			14,095,275
Fair Value	[1],[6]			$ 14,401,841
% of Net Assets	[1],[6]			5.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals MED ParentCo, LP Eigth Amendment Refinancing Term Loan (First Lien) Initial Acquisition Date 4/5/2024 Maturity Date 4/15/2031
Schedule of Investments [Line Items]
Initial Acquisition Date	[9]	Apr. 05, 2024
Maturity Date	[9]	Apr. 15, 2031
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals MMS Bidco LLC Term Loan (First Lien) Reference Rate and Spread 6M SOFR +6.00% Floor 1.00% Interest Rate 11.69% Initial Acquisition Date 6/30/2022 Maturity Date 6/30/2027
Schedule of Investments [Line Items]
Reference Rate and Spread		1M SOFR + 6.00%	[9],[13],[16]	6M SOFR + 6.00%	[1],[6]
Reference Rate and Spread %		6%	[9],[13],[16]	6%	[1],[6]
Floor		1%	[9],[16]	1%	[1],[6]
Interest Rate		11.44%	[9],[13],[16]	11.69%	[1],[6]
Initial Acquisition Date		Jun. 30, 2022	[9],[16]	Jun. 30, 2022	[1],[6]
Maturity Date		Jun. 30, 2027	[9],[16]	Jun. 30, 2027	[1],[6]
Par/Shares		$ 24,562,500	[9],[16]	$ 24,687,500	[1],[6]
Amortized Cost		24,219,015	[9],[10],[16]	24,313,767	[1],[6]
Fair Value		$ 24,417,581	[9],[11],[16]	$ 24,643,063	[1],[6]
% of Net Assets		9.70%	[9],[16]	9%	[1],[6]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Spark DSO, LLC First Lien Term Loan Reference Rate and Spread 3M SOFR + 7.75% Floor 1.00% Interest Rate 13.23%(5.75% PIK) Initial Acquisition Date 2/9/2022 Maturity Date 4/19/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	3M SOFR + 7.75%
Reference Rate and Spread %	[9],[13],[16]	7.75%
Floor	[9],[16]	1%
Interest Rate	[13]	13.20%
Interest Rate, PIK		5.75%
Initial Acquisition Date	[9],[16]	Feb. 09, 2022
Maturity Date	[9],[16]	Apr. 19, 2026
Par/Shares	[9],[16]	$ 15,216,803
Amortized Cost	[9],[10],[16]	15,148,460
Fair Value	[9],[11],[16]	$ 15,137,675
% of Net Assets	[9],[16]	6%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Spark DSO, LLC First Lien Term Loan Reference Rate and Spread 3M SOFR + 7.75% Floor 1.00% Interest Rate 13.29%(5.75% PIK) Initial Acquisition Date 2/9/2022 Maturity Date 4/19/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			3M SOFR + 7.75%
Reference Rate and Spread %	[1],[6]			7.75%
Floor	[1],[6]			1%
Interest Rate	[1],[6]			13.29%
Interest Rate, PIK	[1],[6]			5.75%
Initial Acquisition Date	[1],[6]			Feb. 09, 2022
Maturity Date	[1],[6]			Apr. 19, 2026
Par/Shares	[1],[6]			$ 14,779,515
Amortized Cost	[1],[6]			14,692,572
Fair Value	[1],[6]			$ 14,662,757
% of Net Assets	[1],[6]			5.40%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Spark DSO, LLC Revolver Reference Rate and Spread 1M SOFR + 7.75% Floor 1.00% Interest Rate 13.23% (5.75% PIK) Initial Acquisition Date 2/9/2022 Maturity Date 4/19/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15]	1M SOFR + 7.75%
Reference Rate and Spread %	[9],[12],[13],[15]	7.75%
Floor	[9],[12],[15]	1%
Interest Rate	[12],[13],[15]	13.20%
Interest Rate, PIK	[12],[15]	5.75%
Initial Acquisition Date	[9],[12],[15]	Feb. 09, 2022
Maturity Date	[9],[12],[15]	Apr. 19, 2026
Par/Shares	[9],[12],[15]	$ 588,070
Amortized Cost	[9],[10],[12],[15]	580,053
Fair Value	[9],[11],[12],[15]	$ 578,320
% of Net Assets	[9],[12],[15]	0.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Healthcare & Pharmaceuticals Spark DSO, LLC Revolver Reference Rate and Spread 1M SOFR + 7.75% Floor 1.00% Interest Rate 13.29% (5.75% PIK) Initial Acquisition Date 2/9/2022 Maturity Date 4/19/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[7],[8]			1M SOFR + 7.75%
Reference Rate and Spread %	[1],[7],[8]			7.75%
Floor	[1],[7],[8]			1%
Interest Rate	[1],[7],[8]			13.29%
Interest Rate, PIK	[1],[7],[8]			5.75%
Initial Acquisition Date	[1],[7],[8]			Feb. 09, 2022
Maturity Date	[1],[7],[8]			Apr. 19, 2026
Par/Shares	[1],[7],[8]			$ 570,988
Amortized Cost	[1],[7],[8]			560,735
Fair Value	[1],[7],[8]			$ 556,176
% of Net Assets	[1],[7],[8]			0.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries
Schedule of Investments [Line Items]
Amortized Cost		$ 87,996,700	[9],[10]	$ 90,618,235	[1]
Fair Value		$ 88,392,939	[9],[11]	$ 90,843,387	[1]
% of Net Assets		35.10%	[9]	33.30%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Apryse Software Corp (fka PDFTron US Acquisition Corp.) 2022-1 Incremental Term Loan Reference Rate and Spread 1M SOFR + 5.50% Floor 1.00% Interest Rate 10.81% Initial Acquisition Date 3/23/2022 Maturity Date 7/15/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16],[24]	3M SOFR + 5.50%
Reference Rate and Spread %	[9],[13],[16],[24]	5.50%
Floor	[9],[16],[24]	1%
Interest Rate	[9],[13],[16],[24]	10.83%
Initial Acquisition Date	[9],[16],[24]	Mar. 23, 2022
Maturity Date	[9],[16],[24]	Jul. 15, 2027
Par/Shares	[9],[16],[24]	$ 12,748,808
Amortized Cost	[9],[10],[16],[24]	12,587,031
Fair Value	[9],[11],[16],[24]	$ 12,620,045
% of Net Assets	[9],[16],[24]	5%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Apryse Software Corp (fka PDFTron US Acquisition Corp.) 2022-1 Incremental Term Loan Reference Rate and Spread 1M SOFR + 5.50% Floor 1.00% Interest Rate 10.86% Initial Acquisition Date 3/23/2022 Maturity Date 7/15/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[25]			1M SOFR + 5.50%
Reference Rate and Spread %	[1],[6],[25]			5.50%
Floor	[1],[6],[25]			1%
Interest Rate	[1],[6],[25]			10.86%
Initial Acquisition Date	[1],[6],[25]			Mar. 23, 2022
Maturity Date	[1],[6],[25]			Jul. 15, 2027
Par/Shares	[1],[6],[25]			$ 12,814,019
Amortized Cost	[1],[6],[25]			12,627,721
Fair Value	[1],[6],[25]			$ 12,778,140
% of Net Assets	[1],[6],[25]			4.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Apryse Software Corp (fka PDFTron US Acquisition Corp.) 2023-1 Incremental Delayed Draw Term Loan Reference Rate and Spread 1M SOFR + 6.00% Floor 1.00% Initial Acquisition Date 3/21/2023 Maturity Date 3/21/2025
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[7],[8],[19],[20],[25]			1M SOFR + 6.00%
Reference Rate and Spread %	[1],[6],[7],[8],[19],[20],[25]			6%
Floor	[1],[6],[7],[8],[19],[20],[25]			1%
Initial Acquisition Date	[1],[6],[7],[8],[19],[20],[25]			Mar. 21, 2023
Maturity Date	[1],[6],[7],[8],[19],[20],[25]			Mar. 21, 2025
Amortized Cost	[1],[6],[7],[8],[19],[20],[25]			$ (13,354)
Fair Value	[1],[6],[7],[8],[19],[20],[25]			$ (4,550)
% of Net Assets	[1],[6],[7],[8],[19],[20],[25]			0%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Apryse Software Corp (fka PDFTron US Acquisition Corp.) 2023-1 Incremental Delayed Draw Term Loan Reference Rate and Spread 1M SOFR + 6.00% Floor 1.00% Interest Rate 11.32% Initial Acquisition Date 3/21/2023 Maturity Date 7/15/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15],[16],[17],[18],[24]	3M SOFR + 5.50%
Reference Rate and Spread %	[9],[12],[13],[15],[16],[17],[18],[24]	5.50%
Floor	[9],[12],[15],[16],[17],[18],[24]	1%
Interest Rate	[9],[12],[15],[16],[17],[18],[24]	10.83%
Initial Acquisition Date	[9],[12],[15],[16],[17],[18],[24]	Mar. 21, 2023
Maturity Date	[9],[12],[15],[16],[17],[18],[24]	Jul. 15, 2027
Par/Shares	[9],[10],[12],[15],[16],[17],[18],[24]	$ 1,616,875
Amortized Cost	[9],[10],[12],[15],[16],[17],[18],[24]	1,605,757
Fair Value	[9],[11],[12],[15],[16],[17],[18],[24]	$ 1,600,545
% of Net Assets	[9],[12],[15],[16],[17],[18],[24]	0.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Apryse Software Corp (fka PDFTron US Acquisition Corp.) 2023-1 Incremental Term Loan Reference Rate and Spread 1M SOFR + 6.00% Floor 1.00% Interest Rate 11.36% Initial Acquisition Date 3/21/2023 Maturity Date 7/15/2027
Schedule of Investments [Line Items]
Reference Rate and Spread		3M SOFR + 5.50%	[9],[13],[24]	1M SOFR + 6.00%	[1],[6],[25]
Reference Rate and Spread %		5.50%	[9],[13],[24]	6%	[1],[6],[25]
Floor		1%	[9],[24]	1%	[1],[6],[25]
Interest Rate		10.83%	[9],[13],[24]	11.36%	[1],[6],[25]
Initial Acquisition Date		Mar. 21, 2023	[9],[24]	Mar. 21, 2023	[1],[6],[25]
Maturity Date		Jul. 15, 2027	[9],[24]	Jul. 15, 2027	[1],[6],[25]
Par/Shares		$ 3,332,813	[9],[24]	$ 3,349,688	[1],[6],[25]
Amortized Cost		3,281,840	[9],[10],[24]	3,291,107	[1],[6],[25]
Fair Value		$ 3,299,151	[9],[11],[24]	$ 3,340,308	[1],[6],[25]
% of Net Assets		1.30%	[9],[24]	1.20%	[1],[6],[25]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Bullhorn, Inc. Amendment No. 1 Term Loan Reference Rate and Spread 1M SOFR + 5.50% Floor 1.00% Interest Rate 10.93% Initial Acquisition Date 11/10/2021 Maturity Date 9/30/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16],[24]	1M SOFR + 5.00%
Reference Rate and Spread %	[9],[13],[16],[24]	5%
Floor	[9],[16],[24]	1%
Interest Rate	[9],[13],[16],[24]	10.34%
Initial Acquisition Date	[9],[16],[24]	Nov. 10, 2021
Maturity Date	[9],[16],[24]	Sep. 30, 2026
Par/Shares	[9],[16],[24]	$ 14,678,370
Amortized Cost	[9],[10],[16],[24]	14,660,458
Fair Value	[9],[11],[16],[24]	$ 14,468,469
% of Net Assets	[9],[16],[24]	5.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Bullhorn, Inc. Amendment No. 1 Term Loan Reference Rate and Spread 1M SOFR + 5.50% Floor 1.00% Interest Rate 10.96% Initial Acquisition Date 11/10/2021 Maturity Date 9/30/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[25]			1M SOFR + 5.50%
Reference Rate and Spread %	[1],[6],[25]			5.50%
Floor	[1],[6],[25]			1%
Interest Rate	[1],[6],[25]			10.96%
Initial Acquisition Date	[1],[6],[25]			Nov. 10, 2021
Maturity Date	[1],[6],[25]			Sep. 30, 2026
Par/Shares	[1],[6],[25]			$ 14,716,177
Amortized Cost	[1],[6],[25]			14,686,944
Fair Value	[1],[6],[25]			$ 14,564,600
% of Net Assets	[1],[6],[25]			5.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Cornerstone OnDemand, Inc. Initial Term Loan (First Lien) Initial Acquisition Date 6/4/2024 Maturity Date 10/16/2028
Schedule of Investments [Line Items]
Initial Acquisition Date	[9]	Jun. 04, 2024
Maturity Date	[9]	Oct. 16, 2028
Par/Shares	[9]	$ 5,984,694
Amortized Cost	[9],[10]	5,737,825
Fair Value	[9],[11]	$ 5,665,500
% of Net Assets	[9]	2.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries GS AcquisitionCo, Inc. Initial Term Loan Reference Rate and Spread 3M SOFR + 5.50% Floor 1.00% Interest Rate 11.00% Initial Acquisition Date 11/3/2021 Maturity Date 5/25/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			3M SOFR + 5.50%
Reference Rate and Spread %	[1],[6]			5.50%
Floor	[1],[6]			1%
Interest Rate	[1],[6]			11%
Initial Acquisition Date	[1],[6]			Nov. 03, 2021
Maturity Date	[1],[6]			May 22, 2026
Par/Shares	[1],[6]			$ 12,249,679
Amortized Cost	[1],[6]			12,226,819
Fair Value	[1],[6]			$ 12,117,382
% of Net Assets	[1],[6]			4.40%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Medallia, Inc. Initial Term Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 0.75% Interest Rate 11.91% (4.00% PIK) Initial Acquisition Date 10/29/2021 Maturity Date 10/29/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[14],[16]	3M SOFR + 6.50%
Reference Rate and Spread %	[9],[13],[14],[16]	6.50%
Floor	[9],[14],[16]	0.75%
Interest Rate	[9],[13],[14],[16]	11.93%
Interest Rate, PIK	[9],[13],[14],[16]	4%
Initial Acquisition Date	[9],[14],[16]	Oct. 29, 2021
Maturity Date	[9],[14],[16]	Oct. 29, 2028
Par/Shares	[9],[14],[16]	$ 25,926,107
Amortized Cost	[9],[10],[14],[16]	25,632,545
Fair Value	[9],[11],[14],[16]	$ 25,926,107
% of Net Assets	[9],[14],[16]	10.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Medallia, Inc. Initial Term Loan Reference Rate and Spread 3M SOFR + 6.50% Floor 0.75% Interest Rate 11.95% (4.00% PIK) Initial Acquisition Date 10/29/2021 Maturity Date 10/29/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[26]			3M SOFR + 6.00%
Reference Rate and Spread %	[1],[6],[26]			6%
Floor	[1],[6],[26]			0.75%
Interest Rate	[1],[6],[26]			11.95%
Interest Rate, PIK	[1],[6],[26]			4%
Initial Acquisition Date	[1],[6],[26]			Oct. 29, 2021
Maturity Date	[1],[6],[26]			Oct. 29, 2028
Par/Shares	[1],[6],[26]			$ 25,409,669
Amortized Cost	[1],[6],[26]			25,089,506
Fair Value	[1],[6],[26]			$ 25,236,883
% of Net Assets	[1],[6],[26]			9.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries SailPoint Technologies Holdings Inc. Initial Term Loan Reference Rate and Spread 1M SOFR + 6.00% Floor 0.75% Interest Rate 11.31% Initial Acquisition Date 8/16/2022 Maturity Date 8/16/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	1M SOFR + 6.00%
Reference Rate and Spread %	[9],[13],[16]	6%
Floor	[9],[16]	0.75%
Interest Rate	[9],[13],[16]	11.33%
Initial Acquisition Date	[9],[16]	Aug. 16, 2022
Maturity Date	[9],[16]	Aug. 16, 2029
Par/Shares	[9],[16]	$ 23,123,123
Amortized Cost	[9],[10],[16]	22,775,779
Fair Value	[9],[11],[16]	$ 23,067,628
% of Net Assets	[9],[16]	9.10%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries SailPoint Technologies Holdings Inc. Initial Term Loan Reference Rate and Spread 1M SOFR + 6.00% Floor 0.75% Interest Rate 11.36% Initial Acquisition Date 8/16/2022 Maturity Date 8/16/2029
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			1M SOFR + 6.00%
Reference Rate and Spread %	[1],[6]			6%
Floor	[1],[6]			0.75%
Interest Rate	[1],[6]			11.36%
Initial Acquisition Date	[1],[6]			Aug. 16, 2022
Maturity Date	[1],[6]			Aug. 16, 2029
Par/Shares	[1],[6]			$ 23,123,123
Amortized Cost	[1],[6]			22,738,403
Fair Value	[1],[6]			$ 22,834,084
% of Net Assets	[1],[6]			8.40%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries SailPoint Technologies Holdings Inc. Revolving Loan Reference Rate and Spread 1M SOFR + 6.00% Floor 0.75% Initial Acquisition Date 8/16/2022 Maturity Date 8/16/2028
Schedule of Investments [Line Items]
Reference Rate and Spread		1M SOFR + 6.00%	[9],[12],[13],[15],[17],[18]	1M SOFR + 6.00%	[1],[7],[8],[19],[20]
Reference Rate and Spread %		6%	[9],[12],[13],[15],[17],[18]	6%	[1],[7],[8],[19],[20]
Floor		0.75%	[9],[12],[15],[17],[18]	0.75%	[1],[7],[8],[19],[20]
Initial Acquisition Date		Aug. 16, 2022	[9],[12],[15],[17],[18]	Aug. 16, 2022	[1],[7],[8],[19],[20]
Maturity Date		Aug. 16, 2028	[9],[12],[15],[17],[18]	Aug. 16, 2028	[1],[7],[8],[19],[20]
Amortized Cost		$ (25,795)	[9],[10],[12],[15],[17],[18]	$ (28,911)	[1],[7],[8],[19],[20]
Fair Value		$ (4,506)	[9],[11],[12],[15],[17],[18]	$ (23,460)	[1],[7],[8],[19],[20]
% of Net Assets		0%	[9],[12],[15],[17],[18]	0%	[1],[7],[8],[19],[20]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments High Tech Industries Xplor T1, LLC Initial Term Loan Initial Acquisition Date 6/14/2024 Maturity Date 6/13/1931
Schedule of Investments [Line Items]
Initial Acquisition Date	[9]	Jun. 14, 2024
Maturity Date	[9]	Jun. 13, 2031
Par/Shares	[9]	$ 1,750,000
Amortized Cost	[9],[10]	1,741,260
Fair Value	[9],[11]	$ 1,750,000
% of Net Assets	[9]	0.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Insurance
Schedule of Investments [Line Items]
Amortized Cost		$ 28,369,570	[9],[10]	$ 28,553,018	[1]
Fair Value		$ 28,898,369	[9],[11]	$ 29,096,663	[1]
% of Net Assets		11.50%	[9]	10.70%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Insurance Foundation Risk Partners, Corp. Delayed Draw Term Loan Reference Rate and Spread 3M SOFR + 6.75% Floor 0.75% Interest Rate 12.16% Initial Acquisition Date 3/8/2023 Maturity Date 10/29/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15],[16],[23]	3M SOFR + 5.25%
Reference Rate and Spread %	[9],[12],[13],[15],[16],[23]	5.25%
Floor	[9],[12],[15],[16],[23]	0.75%
Interest Rate	[9],[12],[13],[15],[16],[23]	10.58%
Initial Acquisition Date	[9],[12],[15],[16],[23]	Mar. 08, 2023
Maturity Date	[9],[12],[15],[16],[23]	Oct. 29, 2028
Par/Shares	[9],[12],[15],[16],[23]	$ 9,227,045
Amortized Cost	[9],[10],[12],[15],[16],[23]	9,117,301
Fair Value	[9],[11],[12],[15],[16],[23]	$ 9,203,978
% of Net Assets	[9],[12],[15],[16],[23]	3.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Insurance Foundation Risk Partners, Corp. Delayed Draw Term Loan Reference Rate and Spread 3M SOFR + 6.75% Floor 0.75% Interest Rate 12.20% Initial Acquisition Date 3/8/2023 Maturity Date 10/29/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[7],[8],[27]			3M SOFR + 6.75%
Reference Rate and Spread %	[1],[6],[7],[8],[27]			6.75%
Floor	[1],[6],[7],[8],[27]			0.75%
Interest Rate	[1],[6],[7],[8],[27]			12.20%
Initial Acquisition Date	[1],[6],[7],[8],[27]			Mar. 08, 2023
Maturity Date	[1],[6],[7],[8],[27]			Oct. 29, 2028
Par/Shares	[1],[6],[7],[8],[27]			$ 9,273,580
Amortized Cost	[1],[6],[7],[8],[27]			9,247,274
Fair Value	[1],[6],[7],[8],[27]			$ 9,267,088
% of Net Assets	[1],[6],[7],[8],[27]			3.40%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Insurance Foundation Risk Partners, Corp. Term Loan Reference Rate and Spread 3M SOFR + 6.75% Floor 0.75% Interest Rate 12.16% Initial Acquisition Date 3/8/2023 Maturity Date 10/29/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16],[23]	3M SOFR + 5.25%
Reference Rate and Spread %	[9],[13],[16],[23]	5.25%
Floor	[9],[16],[23]	0.75%
Interest Rate	[9],[13],[16],[23]	10.58%
Initial Acquisition Date	[9],[16],[23]	Mar. 08, 2023
Maturity Date	[9],[16],[23]	Oct. 29, 2028
Par/Shares	[9],[16],[23]	$ 19,743,750
Amortized Cost	[9],[10],[16],[23]	19,252,269
Fair Value	[9],[11],[16],[23]	$ 19,694,391
% of Net Assets	[9],[16],[23]	7.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Insurance Foundation Risk Partners, Corp. Term Loan Reference Rate and Spread 3M SOFR + 6.75% Floor 0.75% Interest Rate 12.20% Initial Acquisition Date 3/8/2023 Maturity Date 10/29/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[27]			3M SOFR + 6.75%
Reference Rate and Spread %	[1],[6],[27]			6.75%
Floor	[1],[6],[27]			0.75%
Interest Rate	[1],[6],[27]			12.20%
Initial Acquisition Date	[1],[6],[27]			Mar. 08, 2023
Maturity Date	[1],[6],[27]			Oct. 29, 2028
Par/Shares	[1],[6],[27]			$ 19,843,466
Amortized Cost	[1],[6],[27]			19,305,744
Fair Value	[1],[6],[27]			$ 19,829,575
% of Net Assets	[1],[6],[27]			7.30%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Non-controlled/Non-affiliated investments Debt Investments Transportation: Cargo Keystone Purchaser, LLC Term Loan Reference Rate and Spread 6M SOFR + 5.75% Floor 1.00% Interest Rate 11.26% Initial Acquisition Date 2/1/2022 Maturity Date 5/7/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[14],[16]	1M SOFR + 5.75%
Reference Rate and Spread %	[9],[13],[14],[16]	5.75%
Floor	[9],[14],[16]	1%
Interest Rate	[9],[13],[14],[16]	11.21%
Initial Acquisition Date	[9],[14],[16]	Feb. 01, 2022
Maturity Date	[9],[14],[16]	May 07, 2027
Par/Shares	[9],[14],[16]	$ 20,976,511
Amortized Cost	[9],[10],[14],[16]	20,702,598
Fair Value	[9],[11],[14],[16]	$ 20,687,035
% of Net Assets	[9],[14],[16]	8.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Non-controlled/Non-affiliated investments Debt Investments Transportation: Cargo Keystone Purchaser, LLC Term Loan Reference Rate and Spread 6M SOFR + 5.75% Floor 1.00% Interest Rate 11.64% Initial Acquisition Date 2/1/2022 Maturity Date 5/7/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[26]			6M SOFR + 5.75%
Reference Rate and Spread %	[1],[6],[26]			5.75%
Floor	[1],[6],[26]			1%
Interest Rate	[1],[6],[26]			11.64%
Initial Acquisition Date	[1],[6],[26]			Feb. 01, 2022
Maturity Date	[1],[6],[26]			May 07, 2027
Par/Shares	[1],[6],[26]			$ 21,084,476
Amortized Cost	[1],[6],[26]			20,789,872
Fair Value	[1],[6],[26]			$ 20,504,652
% of Net Assets	[1],[6],[26]			7.50%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Sovereign & Public Finance
Schedule of Investments [Line Items]
Amortized Cost		$ 19,404,455	[9],[10]	$ 32,428,029	[1]
Fair Value		$ 19,568,364	[9],[11]	$ 32,668,272	[1]
% of Net Assets		7.80%	[9]	12%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Sovereign & Public Finance Pansophic Learning Ltd. Senior Secured Term Loan Reference Rate and Spread 1M SOFR + 7.25% Floor 1.00% Interest Rate 12.90% Initial Acquisition Date 3/25/2022 Maturity Date 3/25/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			3M SOFR + 7.25%
Reference Rate and Spread %	[1],[6]			7.25%
Floor	[1],[6]			1%
Interest Rate	[1],[6]			12.90%
Initial Acquisition Date	[1],[6]			Mar. 25, 2022
Maturity Date	[1],[6]			Mar. 25, 2027
Par/Shares	[1],[6]			$ 13,000,000
Amortized Cost	[1],[6]			12,954,884
Fair Value	[1],[6]			$ 13,000,000
% of Net Assets	[1],[6]			4.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Sovereign & Public Finance S4T Holdings Corp. Delayed Draw Term Loan Reference Rate and Spread 1M SOFR + 6.00% Floor 1.00% Interest Rate 11.45% Initial Acquisition Date 12/27/2021 Maturity Date 12/27/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[12],[13],[15]	1M SOFR + 6.00%
Reference Rate and Spread %	[9],[12],[13],[15]	6%
Floor	[9],[12],[15]	1%
Interest Rate	[9],[12],[13],[15]	11.46%
Initial Acquisition Date	[9],[12],[15]	Dec. 27, 2021
Maturity Date	[9],[12],[15]	Dec. 27, 2026
Par/Shares	[9],[12],[15]	$ 4,500,182
Amortized Cost	[9],[10],[12],[15]	4,482,856
Fair Value	[9],[11],[12],[15]	$ 4,500,182
% of Net Assets	[9],[12],[15]	1.80%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Sovereign & Public Finance S4T Holdings Corp. Delayed Draw Term Loan Reference Rate and Spread 1M SOFR + 6.00% Floor 1.00% Interest Rate 11.47% Initial Acquisition Date 12/27/2021 Maturity Date 12/27/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6],[7],[8]			1M SOFR + 6.00%
Reference Rate and Spread %	[1],[6],[7],[8]			6%
Floor	[1],[6],[7],[8]			1%
Interest Rate	[1],[6],[7],[8]			11.47%
Initial Acquisition Date	[1],[6],[7],[8]			Dec. 27, 2021
Maturity Date	[1],[6],[7],[8]			Dec. 27, 2026
Par/Shares	[1],[6],[7],[8]			$ 4,522,818
Amortized Cost	[1],[6],[7],[8]			4,501,421
Fair Value	[1],[6],[7],[8]			$ 4,522,818
% of Net Assets	[1],[6],[7],[8]			1.70%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Sovereign & Public Finance S4T Holdings Corp. Term Loan (First Lien) Reference Rate and Spread 1M SOFR + 6.00% Floor 1.00% Interest Rate 11.45% Initial Acquisition Date 12/27/2021 Maturity Date 12/27/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13],[16]	1M SOFR + 6.00%
Reference Rate and Spread %	[9],[13],[16]	6%
Floor	[9],[16]	1%
Interest Rate	[9],[13],[16]	11.46%
Initial Acquisition Date	[9],[16]	Dec. 27, 2021
Maturity Date	[9],[16]	Dec. 27, 2026
Par/Shares	[9],[16]	$ 15,068,182
Amortized Cost	[9],[10],[16]	14,921,599
Fair Value	[9],[11],[16]	$ 15,068,182
% of Net Assets	[9],[16]	6%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Sovereign & Public Finance S4T Holdings Corp. Term Loan (First Lien) Reference Rate and Spread 1M SOFR + 6.00% Floor 1.00% Interest Rate 11.47% Initial Acquisition Date 12/27/2021 Maturity Date 12/27/2026
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			1M SOFR + 6.00%
Reference Rate and Spread %	[1],[6]			6%
Floor	[1],[6]			1%
Interest Rate	[1],[6]			11.47%
Initial Acquisition Date	[1],[6]			Dec. 27, 2021
Maturity Date	[1],[6]			Dec. 27, 2026
Par/Shares	[1],[6]			$ 15,145,454
Amortized Cost	[1],[6]			14,971,724
Fair Value	[1],[6]			$ 15,145,454
% of Net Assets	[1],[6]			5.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Telecommunications
Schedule of Investments [Line Items]
Amortized Cost	[9],[10]	$ 2,917,500
Fair Value	[9],[11]	$ 2,928,000
% of Net Assets	[9]	1.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Telecommunications Level 3 Financing, Inc. Term B-2 Initial Acquisition Date 6/14/2024 Maturity Date 4/15/2030
Schedule of Investments [Line Items]
Initial Acquisition Date	[9],[14],[16]	Jun. 14, 2024
Maturity Date	[9],[14],[16]	Apr. 15, 2030
Amortized Cost	[9],[10],[14],[16]	$ 2,917,500
Fair Value	[9],[11],[14],[16]	$ 2,928,000
% of Net Assets	[9],[14],[16]	1.20%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Transportation: Cargo
Schedule of Investments [Line Items]
Amortized Cost		$ 20,702,598	[9],[10]	$ 20,789,872	[1]
Fair Value		$ 20,687,035	[9],[11]	$ 20,504,652	[1]
% of Net Assets		8.20%	[9]	7.50%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Wholesale
Schedule of Investments [Line Items]
Amortized Cost		$ 12,593,478	[9],[10]	$ 17,018,807	[1],[4]
Fair Value		$ 13,748,826	[9],[11]	$ 14,790,722	[1],[2]
% of Net Assets		5.50%	[9]	5.40%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Wholesale IMB Midco LLC (formerly, WSP Midco LLC) Initial Term Loan Reference Rate and Spread 3M SOFR + 7.00% Floor 1.00% Interest Rate 12.53% Initial Acquisition Date 10/1/2021 Maturity Date 4/27/2027
Schedule of Investments [Line Items]
Reference Rate and Spread	[1],[6]			3M SOFR + 7.00%
Reference Rate and Spread %	[1],[6]			7%
Floor	[1],[6]			1%
Interest Rate	[1],[6]			12.53%
Initial Acquisition Date	[1],[6]			Oct. 01, 2021
Maturity Date	[1],[6]			Apr. 27, 2027
Par/Shares	[1],[6]			$ 17,257,983
Amortized Cost	[1],[6]			17,028,940
Fair Value	[1],[6]			$ 14,906,583
% of Net Assets	[1],[6]			5.50%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Wholesale IMB Midco LLC (formerly, WSP Midco LLC) Revolving Loan Reference Rate and Spread 3M SOFR + 7.00% Floor 1.00% Initial Acquisition Date 10/1/2021 Maturity Date 4/27/2027
Schedule of Investments [Line Items]
Reference Rate and Spread		3M SOFR + 7.00%	[9],[12],[13],[15],[17],[18]	3M SOFR + 7.00%	[1],[7],[8],[19],[20]
Reference Rate and Spread %		7%	[9],[12],[13],[15],[17],[18]	7%	[1],[7],[8],[19],[20]
Floor		1%	[9],[12],[15],[17],[18]	1%	[1],[7],[8],[19],[20]
Initial Acquisition Date		Oct. 01, 2021	[9],[12],[15],[17],[18]	Oct. 01, 2021	[1],[7],[8],[19],[20]
Maturity Date		Apr. 27, 2028	[9],[12],[15],[17],[18]	Apr. 27, 2027	[1],[7],[8],[19],[20]
Amortized Cost		$ (5,166)	[9],[10],[12],[15],[17],[18]	$ (10,133)	[1],[7],[8],[19],[20]
Fair Value		$ 0	[9],[11],[12],[15],[17],[18]	$ (115,861)	[1],[7],[8],[19],[20]
% of Net Assets		(0.00%)	[9],[12],[15],[17],[18]	0%	[1],[7],[8],[19],[20]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Wholesale IMB Midco LLC (formerly, WSP Midco LLC) Term Loan A Reference Rate and Spread 3M SOFR + 5.00% Interest Rate 6.48% (4.00% PIK) Initial Acquisition Date 5/20/2024 Maturity Date 4/27/2028
Schedule of Investments [Line Items]
Reference Rate and Spread	[9],[13]	3M SOFR + 5.00%
Reference Rate and Spread %	[9],[13]	5%
Interest Rate	[9],[13]	6.48%
Interest Rate, PIK	[9],[13]	4%
Initial Acquisition Date	[9]	May 20, 2024
Maturity Date	[9]	Apr. 27, 2028
Par/Shares	[9]	$ 9,732,644
Amortized Cost	[9],[14]	7,729,844
Fair Value	[9],[11]	$ 9,732,644
% of Net Assets	[9]	3.90%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Debt Investments Wholesale IMB Midco LLC (formerly, WSP Midco LLC) Term Loan B Reference Rate and Spread 8.00% Interest Rate 8.00% PIK Initial Acquisition Date 5/20/2024 Maturity Date 4/27/2028
Schedule of Investments [Line Items]
Reference Rate and Spread %	[9],[13]	8%
Interest Rate, PIK	[9],[13],[14],[16]	8%
Initial Acquisition Date	[9],[12],[15],[17],[18]	May 20, 2024
Maturity Date	[9],[16]	Apr. 27, 2028
Par/Shares	[9],[14],[16]	$ 6,131,575
Amortized Cost	[9],[14]	4,868,800
Fair Value	[9],[11]	$ 4,016,182
% of Net Assets	[9],[16]	1.60%
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity
Schedule of Investments [Line Items]
Amortized Cost		$ 9,748,921	[9],[10]	$ 9,585,173	[1],[4]
Fair Value		$ 6,555,056	[9],[11]	$ 7,033,311	[1],[2]
% of Net Assets		2.60%	[9]	2.60%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Business Services
Schedule of Investments [Line Items]
Amortized Cost		$ 2,479,662	[9],[10]	$ 2,479,662	[1],[4]
Fair Value		$ 2,623,329	[9],[11]	$ 2,749,811	[1],[2]
% of Net Assets		1%	[9]	1%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Business Services KeyData Associates Inc. Common Equity Initial Acquisition Date 10/1/2021
Schedule of Investments [Line Items]
Initial Acquisition Date		Oct. 01, 2021	[9],[24]	Oct. 01, 2021	[1],[25]
Par/Shares		1,250,000	[24]	1,250,000	[1],[25]
Amortized Cost		$ 979,662	[9],[10],[24]	$ 979,662	[1],[4],[25]
Fair Value		$ 1,243,329	[9],[11],[24]	$ 1,249,811	[1],[2],[25]
% of Net Assets		0.50%	[9],[24]	0.50%	[1],[25]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Business Services Milestone Technologies, Inc. (Maverick Acquisition Holdings, LP) Common Equity Initial Acquisition Date 12/7/2022
Schedule of Investments [Line Items]
Initial Acquisition Date		Dec. 07, 2022	[9]	Dec. 07, 2022	[1]
Par/Shares		1,500,000	[9]	1,500,000	[1]
Amortized Cost		$ 1,500,000	[9],[10]	$ 1,500,000	[1],[4]
Fair Value		$ 1,380,000	[9],[11]	$ 1,500,000	[1],[2]
% of Net Assets		0.50%	[9]	0.60%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Consumer Goods: Non-durable
Schedule of Investments [Line Items]
Amortized Cost		$ 3,131,511	[9],[10]	$ 3,131,511	[1],[4]
Fair Value		$ 3,323,142	[9],[11]	$ 3,348,236	[1],[2]
% of Net Assets		1.30%	[9]	1.20%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Consumer Goods: Non-durable Connect America.com, LLC Common Equity Initial Acquisition Date 12/15/2022
Schedule of Investments [Line Items]
Initial Acquisition Date		Dec. 15, 2022	[9],[28]	Dec. 15, 2022	[1],[29]
Par/Shares		24,048	[28]	24,048	[1],[29]
Amortized Cost		$ 3,131,511	[9],[10],[28]	$ 3,131,511	[1],[4],[29]
Fair Value		$ 3,323,142	[9],[11],[28]	$ 3,348,236	[1],[2],[29]
% of Net Assets		1.30%	[9],[28]	1.20%	[1],[29]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Sovereign & Public Finance
Schedule of Investments [Line Items]
Amortized Cost		$ 200,000	[9],[10]	$ 200,000	[1],[4]
Fair Value		$ 438,387	[9],[11]	$ 359,543	[1],[2]
% of Net Assets		0.20%	[9]	0.10%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Sovereign & Public Finance S4T Holdings Corp. (Vistria ESS Holdings, LLC) Equity Units Initial Acquisition Date 12/27/2021
Schedule of Investments [Line Items]
Initial Acquisition Date		Dec. 27, 2021	[9]	Dec. 27, 2021	[1]
Par/Shares		200	[9]	200	[1]
Amortized Cost		$ 200,000	[9],[10]	$ 200,000	[1],[4]
Fair Value		$ 438,387	[9],[11]	$ 359,543	[1],[2]
% of Net Assets		0.20%	[9]	0.10%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Wholesale
Schedule of Investments [Line Items]
Amortized Cost		$ 3,937,748	[9],[10]	$ 3,774,000	[1],[4]
Fair Value		$ 170,198	[9],[11]	$ 575,721	[1],[2]
% of Net Assets		0.10%	[9]	0.20%	[1]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Wholesale IMB Holdco LLC (formerly, WSP Holdco LLC) Class A Common Units Initial Acquisition Date 10/1/2021
Schedule of Investments [Line Items]
Initial Acquisition Date		Oct. 01, 2021	[9],[30]	Oct. 01, 2021	[1],[31]
Par/Shares		3,400	[30]	3,400	[1],[31]
Amortized Cost		$ 3,400,000	[9],[10],[30]	$ 3,400,000	[1],[4],[31]
Fair Value	[9],[11],[30]	$ 0
% of Net Assets		0%	[9],[30]	0%	[1],[31]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Wholesale IMB Holdco LLC (formerly, WSP Holdco LLC) Series P Units Initial Acquisition Date 5/15/2023
Schedule of Investments [Line Items]
Initial Acquisition Date		May 15, 2023	[9],[30]	May 15, 2023	[1],[31]
Par/Shares		374	[9],[30]	374	[1],[31]
Amortized Cost		$ 374,000	[9],[10],[30]	$ 374,000	[1],[4],[31]
Fair Value		$ 0	[9],[11],[30]	$ 575,721	[1],[2],[31]
% of Net Assets		0%	[9],[30]	0.20%	[1],[31]
Investment, Identifier [Axis]: Non-controlled/Non-affiliated investments Equity Wholesale IMB Holdco LLC (formerly, WSP Holdco LLC) Series Z Units Initial Acquisition Date 5/20/2024
Schedule of Investments [Line Items]
Initial Acquisition Date	[9]	May 20, 2024
Par/Shares	[9]	164
Amortized Cost	[9],[10]	$ 163,748
Fair Value	[9],[11]	$ 17,019
% of Net Assets	[9],[30]	0.10%
Investment, Identifier [Axis]: Project Cloud Holdings, LLC Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment		$ 1,525,424		$ 1,525,424
Funded Commitment		1,525,424		1,525,424
Investment, Identifier [Axis]: Project Cloud Holdings, LLC Type Revolver
Schedule of Investments [Line Items]
Total Commitment		1,220,338		1,220,338
Funded Commitment		1,159,321		915,253
Unfunded Commitment		61,017		305,085
Investment, Identifier [Axis]: S4T Holdings Corp. Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment		4,545,455		4,545,455
Funded Commitment		4,545,455		4,545,455
Investment, Identifier [Axis]: SailPoint Technologies Holdings Inc. Type Revolver
Schedule of Investments [Line Items]
Total Commitment		1,876,877		1,876,877
Unfunded Commitment		1,876,877		1,876,877
Investment, Identifier [Axis]: Spark DSO, LLC Type Revolver
Schedule of Investments [Line Items]
Total Commitment		2,500,000		2,500,000
Funded Commitment		588,070		570,988
Expired Commitment		625,000		625,000
Unfunded Commitment		1,286,930		1,304,012
Investment, Identifier [Axis]: Steele Solutions, Inc Type Revolver
Schedule of Investments [Line Items]
Total Commitment				1,935,484
Unfunded Commitment				1,935,484
Investment, Identifier [Axis]: Steele Solutions, Inc. Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment				3,225,806
Expired Commitment				3,225,806
Investment, Identifier [Axis]: Steele Solutions, Inc. Type Revolver
Schedule of Investments [Line Items]
Total Commitment		1,935,484
Unfunded Commitment		1,935,484
Investment, Identifier [Axis]: The Ultimus Group Midco, LLC Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment		1,192,369
Unfunded Commitment		1,192,369
Investment, Identifier [Axis]: The Ultimus Group Midco, LLC Type Revolver
Schedule of Investments [Line Items]
Total Commitment		794,913
Unfunded Commitment		794,913
Investment, Identifier [Axis]: Total Commitment
Schedule of Investments [Line Items]
Total Commitment		70,016,389		79,641,889
Investment, Identifier [Axis]: Total Net Assets
Schedule of Investments [Line Items]
Total Net Assets		252,106,718	[9],[11]	$ 272,701,309	[1],[2]
Net assets, Percentage	[1]			100%
Investment, Identifier [Axis]: Unfunded Commitment
Schedule of Investments [Line Items]
Unfunded Commitment		17,634,144		$ 19,662,986
Investment, Identifier [Axis]: Zips Car Wash, LLC Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Total Commitment		25,000,000		25,000,000
Funded Commitment		9,765,625		9,765,625
Expired Commitment		$ 15,234,375		$ 15,234,375
[1] All of the Company’s investments are issued by eligible portfolio companies, as defined in the 1940 Act, unless otherwise noted. All of the Company’s investments are issued by U.S. portfolio companies unless otherwise noted as Canadian dollar ("CAD"). Unless otherwise noted, the fair value of the Company’s investments is determined using significant unobservable inputs (classified as Level 3 within the fair value hierarchy) by the Adviser in its role as "valuation designee" in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Board. Although the Board designated the Adviser as "valuation designee," the Board ultimately is responsible for fair value determinations under the 1940 Act. (See Note 2 to the consolidated financial statements) As of December 31, 2023, the estimated cost basis of investments for U.S. federal tax purposes was $ 541,963,717 , resulting in gross unrealized appreciation and depreciation of $ 4,457,241 and $ 13,355,158 , respectively. The amortized cost represents the initial cost adjusted for the accretion of discount or amortization of premium, as applicable, using the effective interest method. Represents the interest rate in effect as of the reporting date and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (“SOFR” or “S”) or Canadian Dollar Offered Rate (“CDOR” or “C”) or alternative base rate (commonly known as the U.S. Prime Rate (“Prime” or “P”), unless otherwise noted), which reset periodically based on the terms of the loan agreement. As of December 31, 2023, the 1-Month SOFR or “1M SOFR” was 5.35 %, the 3-Month SOFR or “3M SOFR” was 5.33 %, the 6-Month SOFR or “6M SOFR” was 5.16 %, and the Prime was 8.50 %. Security, or a portion thereof, is held through Onex Direct Lending BDC SPV LLC, a wholly-owned subsidiary and a bankruptcy remote special purpose entity, and is pledged as collateral supporting the amounts outstanding under the Société Générale debt facility. As of December 31, 2023, the Company had the following commitments to fund various revolving and delayed draw term loans. Such commitments are subject to certain conditions set forth in the documents governing these loans and there can be no assurance that such conditions will be satisfied. The undrawn portion of these committed revolvers and delayed draw term loans are subject to a commitment and/or unused fee. All of the Company’s investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), unless otherwise noted. The amortized cost represents the initial cost adjusted for the accretion of discount or amortization of premium, as applicable, using the effective interest method. Unless otherwise noted, the fair value of the Company’s investments is determined using significant unobservable inputs (classified as Level 3 within the fair value hierarchy) by the Adviser in its role as "valuation designee" in accordance with Rule 2a-5 under the 1940 Act, pursuant to valuation policies and procedures that have been approved by the Company's board of trustees (the "Board"). Although the Board designated the Adviser as "valuation designee," the Board ultimately is responsible for fair value determinations under the 1940 Act. (See Note 2 to the consolidated financial statements). As of June 30, 2024 , the Company had the following commitments to fund various revolving and delayed draw term loans. Such commitments are subject to certain conditions set forth in the documents governing these loans and there can be no assurance that such conditions will be satisfied. Represents the interest rate in effect as of the reporting date and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (“SOFR” or “S”) or alternative base rate, which reset periodically based on the terms of the loan agreement. As of June 30, 2024 , the 1-Month SOFR or “1M SOFR” was 5.34 %, the 3-Month SOFR or “3M SOFR” was 5.32 %, the 6-Month SOFR or “6M SOFR” was 5.25 %, and the Federal Funds Rate or “FFR” was 5.33%. The stated interest rate represents the weighted average interest rate of all contracts. The undrawn portion of these committed revolvers and delayed draw term loans are subject to a commitment and/or unused fee. Security, or a portion thereof, is held through Onex Direct Lending BDC SPV LLC, a wholly-owned subsidiary and a bankruptcy remote special purpose entity, and is pledged as collateral supporting the amounts outstanding under the Société Générale debt facility. The maturity date disclosed represents the commitment period of the unfunded term loan or revolver. The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan. The maturity date disclosed represents the commitment period of the unfunded term loan or revolver. The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan. Level 2 investment. Level 2 investment. Represents co-investment made with the Company’s affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. See “Note 3. Related Party Transactions.” This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. The status of these assets under the 1940 Act is subject to change. The Company monitors the status of these assets on an ongoing basis. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70 % of total assets. Non-qualifying assets represented 7.5 % of total assets as of June 30, 2024 . This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. The status of these assets under the 1940 Act is subject to change. The Company monitors the status of these assets on an ongoing basis. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70 % of total assets. Non-qualifying assets represented 5.8 % of total assets as of December 31, 2023. The stated interest rate represents the weighted average interest rate of all contracts. Represents co-investment made with the Company’s affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. See “Note 3. Related Party Transactions.” Security is held through Connect America OFDL BDC Holdings, LLC, a wholly-owned subsidiary. Security is held through Connect America OFDL BDC Holdings, LLC, a wholly-owned subsidiary. Security is held through Onex Direct Lending BDC Blocker LLC, a wholly-owned blocker subsidiary. Security is held through Onex Direct Lending BDC Blocker LLC, a wholly-owned blocker subsidiary.

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (Parenthetical) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Qualifying assets minimum percentage of total assets	70%	70%
Non-qualifying Assets Percentage of Assets	7.50%	5.80%
Estimated cost basis of investments for U.S. federal tax purposes		$ 541,963,717
Gross unrealized appreciation		4,457,241
Gross unrealized depreciation		$ 13,355,158
1-Month SOFR
Schedule of Investments [Line Items]
Reference Rate and Spread %	5.34%	5.35%
3-Month SOFR
Schedule of Investments [Line Items]
Reference Rate and Spread %	5.32%	5.33%
6-Month SOFR
Schedule of Investments [Line Items]
Reference Rate and Spread %	5.25%	5.16%
Prime
Schedule of Investments [Line Items]
Reference Rate and Spread %		8.50%

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 3,300,525	$ 8,677,416	$ 11,447,099	$ 14,559,052

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 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
Non Rule 10B51 Arr Modified Flag	false
Rule 10b5-1 Arr Modified [Flag]	false

Organization

Organization	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Note 1. Organization Onex Direct Lending BDC Fund (formerly known as Onex Falcon Direct Lending BDC Fund) (the “Company”, “we”, “us”, or “our”), a Delaware statutory trust formed on April 27, 2021, is a non-diversified, closed-end management investment company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company also elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company commenced operations on October 1, 2021. On August 25, 2021, the Company formed a wholly-owned blocker entity, Onex Direct Lending BDC Blocker LLC (formerly known as Onex Falcon Direct Lending BDC Blocker LLC) (the “ODL Blocker”), which holds certain of the Company’s portfolio equity investments. On September 21, 2021, the Company formed a wholly-owned, special-purpose, bankruptcy-remote subsidiary, Onex Direct Lending BDC SPV, LLC (formerly known as Onex Falcon Direct Lending BDC SPV, LLC) (the “ODL SPV”), which holds certain of the Company’s portfolio loan investments that are used as collateral for the debt financing facility provided by Société Générale. On December 13, 2022, the Company formed a wholly-owned entity, Connect America OFDL BDC Holdings, LLC (the “OFDL Holdings”), which holds certain of the Company's portfolio equity investments. Effective March 5, 2024, Falcon Investment Advisors, LLC (formerly known as Onex Falcon Investment Advisors, LLC), the Company’s prior investment adviser (the “Prior Adviser”), assigned the Investment Advisory Agreement (as defined below) to Onex Credit Advisor, LLC. The Company is managed by the Adviser. The Adviser, subject to the overall supervision of the Board, provides investment advisory services to the Company. The Adviser also provides administrative services necessary for the Company to operate. The Company’s investment objective is to generate current income while preserving capital and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. The Company invests primarily in high-quality senior secured first lien loans and other credit investments of “middle market companies” located in the United States. The Company defines “high-quality” as investments deemed by the Adviser, after diligence and underwriting, to have favorable risk-reward characteristics including, but not limited to, a low probability of default, favorable investment terms, and an appropriate capital structure to companies of high creditworthiness with stable cash flow generation. The Company may also seek to invest in the subordinated debt and equity, including warrants, options, and convertible instruments, of middle market companies. The Company’s fiscal year ends on December 31.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) pursuant to the requirements for reporting on Form 10-Q and Regulation S-X, as appropriate. These unaudited consolidated financial statements (“consolidated financial statements”) reflect adjustments that in the opinion of the Company are necessary for the fair presentation of the financial position and results of operations as of and for the periods presented herein and notes thereto should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Form 10-K for the year ended December 31, 2023 , as filed with the SEC. The Company is considered an investment company under U.S. GAAP and therefore applies the accounting and reporting guidance applicable to investment companies. Use of Estimates The preparation of 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 consolidated financial statements. Actual results could differ from those estimates, and such differences could be material. Consolidation In accordance with U.S. GAAP guidance on consolidation, the Company will generally not consolidate its investment in a portfolio company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company’s wholly-owned subsidiaries, ODL SPV, ODL Blocker and OFDL Holdings, in its consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. Segments In accordance with U.S. GAAP guidance on segment reporting, the Company has determined that its operations comprise a single reporting segment. Cash and Cash Equivalents and Restricted Cash Cash consists of deposits held at a custodian bank. Cash equivalents consists of money market investments. The carrying amounts for money market investments approximate fair value. Restricted cash consists of deposits pledged as collateral, if any. Cash, cash equivalents and restricted cash are held at major financial institutions and, at times, may exceed the insured limits under applicable law. Investments Investment transactions are recorded on the trade date. Realized gains or losses on investments are calculated using the specific identification method as the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment without regard to unrealized appreciation or depreciation previously recognized, and include investments charged off during the period, net of recoveries. Net change in unrealized appreciation or depreciation reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are recognized. Valuation Procedures The Board has designated the Adviser as its “valuation designee” pursuant to Rule 2a-5 under the 1940 Act, and in that role the Adviser is responsible for performing fair value determinations relating to all of the Company’s investments, including periodically assessing and managing any material valuation risks and establishing and applying fair value methodologies, in accordance with valuation policies and procedures that have been approved by the Board. Although the Board designated the Adviser as “valuation designee,” the Board ultimately is responsible for fair value determinations under the 1940 Act. Investments for which market quotations are readily available are typically valued at the average bid and ask prices of such market quotations, which are generally obtained from independent pricing services, broker-dealers or market makers. To validate market quotations, the Company will utilize a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities for which market quotations are not readily available or are deemed not to represent fair value, are valued at fair value as determined in good faith by the Adviser, in accordance with a valuation policy approved by the Board and a consistently applied valuation process. Accordingly, such investments go through the Company’s multi-step valuation process as described below. Investments purchased within the quarter before the valuation date may each be valued at cost, unless such valuation, in the judgment of the Adviser, does not represent fair value. The Adviser undertakes a multi-step valuation process, which includes, among other procedures, the following: • The Company’s quarterly valuation process begins with each portfolio company or investment being initially valued using certain inputs, among others, provided by the Adviser's investment professionals that are responsible for the portfolio investment; • Preliminary valuation conclusions are then documented and discussed with the Adviser's senior investment team; • At least once annually, the valuation for each portfolio investment is reviewed by an independent valuation firm. In each case, the Company’s independent third party valuation firms consider observable market inputs together with significant unobservable inputs in arriving at their valuation recommendations for such investments; and • The Adviser then reviews the valuations and determines the fair value of each investment. As part of the valuation process, the Adviser may consider other information and may use valuation methods including but not limited to (i) market quotes for similar investments, (ii) recent trading activity, (iii) discounting forecasted cash flows of the investment, (iv) models that consider the implied yields from comparable debt, (v) third party appraisals, (vi) sale negotiations and purchase offers received from independent parties and (vii) estimated value of underlying assets to be received in any liquidation or restructuring. As part of the valuation process, the Adviser will primarily use the “income approach” by using a present value technique that discounts the estimated contractual cash flows. Discount rates applied to estimated contractual cash flows for an underlying asset vary by specific investment, industry, priority and nature of the debt security and are assessed relative to leveraged loan and high-yield bond indices at the valuation date. The use of market indices as part of the valuation methodology is subject to adjustment for many factors, including priority, collateral used as security, structure, performance and other quantitative and qualitative attributes of the asset being valued. When an external event such as a purchase transaction, public offering or subsequent equity or debt sale occurs, the Board or its delegates will consider whether the pricing indicated by the external event corroborates its valuation. When the Company determines its NAV as of the last day of a month that is not also the last day of a calendar quarter, the Company intends to update the value of securities with reliable market quotations to the most recent market quotation. For securities without reliable market quotations, the Adviser’s valuation team will generally value such assets at the most recent quarterly valuation unless the Adviser determines that a significant observable change has occurred since the most recent quarter end with respect to the investment (which determination may be as a result of a material event at a portfolio company, material change in market spreads, secondary market transaction in the securities of an investment or otherwise). If the Adviser’s valuation team determines such a change has occurred with respect to one or more investments, the Adviser’s valuation team will determine whether to update the value for each relevant investment, using positive assurance from an independent valuation firm where applicable in accordance with our valuation policy, pursuant to authority delegated by the Board. Financial Accounting Standards Board Accounting Standards Codification Topic 820: Fair Value Measurements and Disclosures (“ASC 820”) specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. ASC 820 also provides guidance regarding a fair value hierarchy, which prioritizes information used to measure fair value and the effect of fair value measurements on earnings and provides for enhanced disclosures determined by the level of information used in the valuation. The Company classifies the inputs used to measure fair values into the following hierarchy: • Level 1—Valuations are based on quoted prices in active markets for identical assets or liabilities that are accessible to the Company at the measurement date. • Level 2—Valuations are based on similar assets or liabilities in active markets, or quoted prices identical or similar assets or liabilities in markets that are not active or for which all significant inputs are observable, either directly or indirectly and model-based valuation techniques for which all significant inputs are observable. • Level 3—Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models incorporating significant unobservable inputs, such as discounted cash flow models and other similar valuation techniques. The valuation of Level 3 assets and liabilities generally requires significant management judgment due to the inability to observe inputs to valuation. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of observable input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and it considers factors specific to the investment. Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC 820. Consistent with the valuation policy, the Company evaluates the source of inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When a security is valued based on prices provided by reputable dealers or pricing services (that is, broker quotes), the Company subjects those prices to various additional criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Company reviews pricing provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs. Some additional factors considered include the number of prices obtained as well as an assessment as to their quality, such as the depth of the relevant market relative to the size of the Company’s position. A determination of fair value involves subjective judgments and estimates and depends on the facts and circumstances present at each valuation date. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material. In addition, changes in the market environment, including the impact of changes in broader market indices and credit spreads, and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein. Revenue Recognition Interest income is recorded on an accrual basis and includes the accretion of discounts and amortization of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. The Company considers many factors relevant to an investment when placing it on or removing it from non-accrual status including, but not limited to, the delinquency status of the investment, economic and business conditions, the overall financial condition of the underlying investment, the value of the underlying collateral, bankruptcy status, if any, and any other facts or circumstances relevant to the investment. Accrued interest is generally reversed when a loan is placed on non-accrual status. Payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability of the outstanding principal and interest. Non-accrual loans may be restored to accrual status when past due principal and interest is paid current and are likely to remain current based on management’s judgment. Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. Loan origination fees, original issue discount and market discount are capitalized, and the Company amortizes such amounts as interest income over the respective term of the loan or security. Upon the prepayment of a loan or security, any unamortized loan origination fees and original issue discount are recorded as interest income. The Company records prepayment premiums on loans and securities as fee income when it receives such amounts. Payment-in-Kind Interest Payment-in-kind (“PIK”) interest, computed at the contractual rate specified in each loan agreement, is added to the principal balance of the loan and recorded as interest income and generally becomes due at maturity. To maintain the Company’s status as a RIC, this non-cash source of income must be paid out to shareholders in the form of distributions, even though the Company has not yet collected the cash. Deferred Financing Costs Origination and other expenses related to the Company’s revolving credit facility are recorded as deferred financing costs and amortized as part of interest expense using the straight-line method over the stated life of the debt instrument. Organization and Offering Costs Organization costs include, among other things, the cost of incorporating, including the cost of legal services, printing, consulting services and other fees pertaining to the Company’s organization. Costs associated with the organization of the Company are expensed as incurred. Offering costs include legal expenses related to the preparation of the Company’s private placement memorandum in connection with the Company's offering of common shares. Offering costs are capitalized as deferred offering expenses and are amortized over twelve months from incurrence. Earnings per Share Basic earnings per share is calculated by dividing net income or loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated in the same manner, with further adjustments to reflect the dilutive effect of common share equivalents outstanding. Income Taxes The Company has elected to be regulated as a BDC under the 1940 Act. The Company has elected to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a RIC. So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income or excise taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as distributions. Rather, any tax liability related to income earned and distributed would represent obligations of the Company’s investors and would not be reflected in the consolidated financial statements of the Company. The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more likely than not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more likely than not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source of income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90 % of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses. In addition, based on the excise tax distribution requirements, the Company is subject to a 4 % nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (2) 98.2% of capital gains in excess of capital losses (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. For this purpose, however, any net ordinary income or capital gains retained by the Company that is subject to corporate income tax is considered to have been distributed. The Company, at its discretion, may carry forward taxable income in excess of calendar year distributions and pay a 4 % nondeductible U.S. federal excise tax on this income. The Company has analyzed the tax positions taken on federal and state income tax returns for all open tax years and has concluded that no provision for income tax for uncertain tax positions is required in the Company’s consolidated financial statements. The Company’s major tax jurisdictions are U.S. federal, New York State, and foreign jurisdictions where the Company makes significant investments. The Company’s federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue. Distributions to Common Shareholders Distributions to the Company’s shareholders are recorded on the record date. The amount to be paid out as a distribution is determined by the Board and is generally based upon earnings estimated by the Adviser. Net realized capital gains, if any, would generally be distributed at least annually, although the Company may decide to retain such capital gains. The Company has adopted an “opt out” dividend reinvestment plan (“DRP”) for its shareholders. As a result, if the Company makes a cash distribution, its shareholders will have their cash distributions reinvested in additional shares of the Company including fractional shares as necessary, unless they specifically “opt out” of the DRP to receive the distribution in cash. Under the DRP, cash distributions to participating shareholders will be reinvested in additional shares of the Company at a purchase price equal to the net asset value per share as of the last day of the calendar quarter immediately preceding the date such distribution was declared. The Company may distribute taxable distributions that are payable in cash or shares at the election of each shareholder. Under certain applicable provisions of the Code and the U.S. Treasury regulations, distributions payable in cash or in common shares at the election of shareholders are treated as taxable distributions. As a result, a U.S. shareholder may be required to pay tax with respect to such distributions in excess of any cash received. If a U.S. shareholder sells the shares it receives in order to pay this tax, the sales proceeds may be less than the amount included in income with respect to the distribution, depending on the market price of the Company’s shares at the time of the sale. Furthermore, with respect to non-U.S. shareholders, the Company may be required to withhold U.S. tax with respect to such distributions, including in respect of all or a portion of such distribution that is payable in shares. Foreign Currency Translation Amounts denominated in foreign currencies are translated into U.S. dollars on the following basis: (1) all assets and liabilities denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates effective on the date of valuation; and (2) purchases and sales of investments, borrowings and repayments of such borrowings, and income and expense items denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. The portion of gains and losses on foreign investments resulting from fluctuations in foreign currencies is included in net realized and unrealized gain or loss from investments. Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Note 3. Related Party Transactions Administration Agreement Pursuant to an agreement between the Company and the Company’s Prior Adviser, effective September 16, 2021, as amended and restated on March 5, 2024 between the Company and the Adviser (the “Administration Agreement”), the Adviser (or, in such context, the “Administrator”) performs, oversees, or arranges for, the performance of administrative and compliance services necessary for the operations of the Company, which includes office facilities, equipment, bookkeeping and recordkeeping services and such other services as the Adviser, subject to review by the Board, shall from time to time determine to be necessary or useful to perform its obligations under the Administration Agreement. Under the Administration Agreement, the Adviser also provides managerial assistance on the Company’s behalf to those companies that have accepted the Company’s offer to provide such assistance. In addition, pursuant to the Administration Agreement, the Adviser may pay third-party providers of goods or services and the Company will pay or reimburse the Adviser for certain expenses incurred by any such third parties for work done on its behalf. The Company reimburses the Adviser for the allocable portion of the Adviser’s overhead and other expenses incurred by the Adviser and requested to be reimbursed by the Adviser in performing its obligations under the Administration Agreement, including rent and the allocable portion of the cost of the Company’s Chief Compliance Officer and Chief Financial Officer and their respective staffs. In addition, if requested to provide significant managerial assistance to the Company’s portfolio companies, the Company will reimburse the allocated costs incurred by the Adviser and Administrator in providing those services. No person who is an officer, trustee or employee of the Adviser or its affiliates and who serves as a trustee of the Company receives any compensation from the Company for his or her services as a trustee. On August 7, 2024, the Board renewed the Administration Agreement. Unless earlier terminated as described herein, the Administration Agreement will remain in effect until August 7, 2025. For the three months ended June 30, 2024 and 2023, the Company incurred administrative fees of $ 0.3 million and $ 0.3 million , respectively. For the six months ended June 30, 2024 and 2023, the Company incurred administrative fees of $ 0.5 million and $ 0.6 million , respectively. Investment Advisory Agreement Effective March 5, 2024, the Company’s Prior Adviser, assigned the investment advisory agreement effective September 16, 2021, as amended and restated on August 9, 2023, to the Adviser, a wholly-owned subsidiary of Onex Corp., pursuant to Rule 2a-6 under the 1940 Act. The Adviser serves as the Company’s investment adviser pursuant to the second amended and restated investment advisory agreement between the Company and the Adviser dated March 5, 2024 (the “Investment Advisory Agreement”). Pursuant to the Investment Advisory Agreement, the Adviser provides overall investment advisory services for the Company and in accordance with the terms of the Investment Advisory Agreement and the Company’s investment objective, policies and restrictions as in effect from time to time: determines the composition of the Company’s portfolio, the nature and timing of the changes to, the portfolio and the manner of implementing such changes; identifies investment opportunities and makes investment decisions for the Company; monitors investments; performs due diligence on prospective portfolio companies; exercises voting rights in respect of portfolio securities and other investments; serve on, and exercise observer rights for, boards of directors and similar committees of the Company’s portfolio companies; negotiates, obtains and manages financing facilities and other forms of leverage; and provides the Company with such other investment advisory and related services as the Company may, from time to time, reasonably require for the investment of capital. The Investment Advisory Agreement will be in effect for a period of two years from its effective date and will remain in effect from year-to-year thereafter if approved annually by (i) the vote of the Board, or by the vote of a majority of the outstanding voting securities of the Company, and (ii) the vote of a majority of the Company’s Board who are not parties to the Investment Advisory Agreement or “interested persons” of the Company, of the Adviser or of any of their respective affiliates, as defined in the 1940 Act. The Investment Advisory Agreement may be terminated at any time, without the payment of any penalty, upon 60 days’ written notice and, in certain circumstances, upon 120 days’ written notice, by the vote of a majority of the outstanding voting shares of the Company or by the vote of the Board or by the Adviser. On August 7, 2024, the Board renewed the Investment Advisory Agreement. Unless earlier terminated as described herein, the Investment Advisory Agreement will remain in effect until August 7, 2025. Under the terms of the Investment Advisory Agreement, the Company will pay the Adviser a base management fee and a performance-based incentive fee. Prior to July 1, 2023, the base management fee was payable quarterly in arrears at an annual rate of 1.25 % of the Company’s total assets (excluding cash and cash equivalents) at the end of the most recently completed calendar quarter. Beginning on July 1, 2023, the base management fee is payable quarterly in arrears at an annual rate of 1.25 % of the Company’s net assets as of the end of the most recently completed calendar quarter; provided that the base management fee shall not be greater than 1.25 % of the Company’s total assets (excluding cash and cash equivalents) at the end of the most recently completed calendar quarter. For the three months ended June 30, 2024 and 2023, management fees were $ 0.8 million and $ 1.7 million , respectively. For the six months ended June 30, 2024 and 2023 , management fees were $ 1.6 million and $ 3.3 million , respectively. The incentive fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on the Company’s income (such fee referred to herein as the “Subordinated Incentive Fee on Income”) and a portion is based on the Company’s capital gains (such fee referred to herein as the “Incentive Fee on Capital Gains”) , each as described below. (1) Subordinated Incentive Fee on Income The Subordinated Incentive Fee on Income will be determined and paid quarterly in arrears based on the amount by which (x) the “Pre-Incentive Fee Net Investment Income” (as defined below) in respect of the current calendar quarter and the eleven preceding calendar quarters (in either case, the “Trailing Twelve Quarters”) exceeds (y) the Preferred Return Amount (as defined below) in respect of the Trailing Twelve Quarters. For purposes of the Subordinated Incentive Fee on Income calculations, each calendar quarter comprising the relevant Trailing Twelve Quarters that commenced prior to October 1, 2023 shall be known as a “Legacy Fee Quarter” while a calendar quarter that commenced on or after October 1, 2023 shall be known as a “Current Fee Quarter.” The Preferred Return Amount will be determined on a quarterly basis, and will be calculated by multiplying 1.75% by the Company’s NAV at the beginning of each applicable calendar quarter comprising the relevant Trailing Twelve Quarters. The Preferred Return Amount will be calculated after making appropriate adjustments to the Company’s NAV at the beginning of each applicable calendar quarter for Company subscriptions and distributions during the applicable calendar quarter. The amount of the Subordinated Incentive Fee on Income that will be paid to the Adviser for a particular quarter will equal the excess of the Subordinated Incentive Fee on Income so calculated less the aggregate Subordinated Incentive Fees on Income that were paid to the Adviser and/or earned, but waived, by the Adviser, in the preceding eleven calendar quarters (or portion thereof) comprising the relevant Trailing Twelve Quarters. For this purpose, “Pre-Incentive Fee Net Investment Income” means interest income, dividend income and any other income (including, without limitation, any accrued income that the Company has not yet received in cash and any other fees such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) (the “Ordinary Income”) accrued during the calendar quarter, minus the Company’s operating expenses accrued during the calendar quarter (including, without limitation, the Management Fee, administration expenses and any interest expense and distributions paid on any issued and outstanding preferred shares, but excluding the Subordinated Incentive Fee on Income and the Incentive Fee on Capital Gains). For the avoidance of doubt, Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. “Net Capital Loss” in respect of a particular period means the difference, if positive, between (i) aggregate capital losses, whether realized or unrealized, in such period and (ii) aggregate capital gains, whether realized or unrealized, in such period. Prior to October 1, 2023, the calculation of the Subordinated Incentive Fee on Income for each quarter is as follows: (A) No Subordinated Incentive Fee on Income shall be payable to the Adviser in any calendar quarter in which the Company’s Pre-Incentive Fee Net Investment Income for the Trailing Twelve Quarters does not exceed the Preferred Return Amount; (B) 100 % of the Company’s Pre-Incentive Fee Net Investment Income for the Trailing Twelve Quarters, if any, that exceeds the Preferred Return Amount but is less than or equal to an amount (the “Catch-Up Amount”) determined on a quarterly basis by multiplying 2.0588% by the Company’s NAV at the beginning of each applicable calendar quarter comprising the relevant Trailing Twelve Quarters. The Catch-Up Amount is intended to provide the Adviser with an incentive fee of 15.0 % on all of the Company’s Pre-Incentive Fee Net Investment Income when the Company’s Pre-Incentive Fee Net Investment Income reaches 2.0588% per quarter (8.24% annualized) during the Trailing Twelve Quarters; and (C) For any quarter in which the Company’s Pre-Incentive Fee Net Investment Income for the Trailing Twelve Quarters exceeds the Catch-Up Amount, the Subordinated Incentive Fee on Income shall equal 15.0 % of the amount of the Company’s Pre-Incentive Fee Net Investment Income for such Trailing Twelve Quarters, as the Preferred Return Amount and Catch-Up Amount will have been achieved. Beginning on October 1, 2023, the calculation of the Subordinated Incentive Fee on Income for each quarter is as follows: (A) No Subordinated Incentive Fee on Income shall be payable to the Adviser in any calendar quarter in which the Company’s Pre-Incentive Fee Net Investment Income for the Trailing Twelve Quarters does not exceed the Preferred Return Amount; (B) 100 % of the Company’s Pre-Incentive Fee Net Investment Income for the Trailing Twelve Quarters, if any, that exceeds the Preferred Return Amount but is less than or equal to an amount (the “Catch-Up Amount”) determined on a quarterly basis by multiplying (i) 2.0588% by the Company’s NAV at the beginning of each applicable Legacy Fee Quarter comprising the relevant Trailing Twelve Quarters, or (ii) 2.0% by the Company’s NAV at the beginning of each applicable Current Fee Quarter comprising the relevant Trailing Twelve Quarters. The Catch-Up Amount is intended to provide the Adviser with an incentive fee of 15.0 %, with respect to each Legacy Fee Quarter, and 12.5%, with respect to each Current Fee Quarter, on all of the Company’s Pre-Incentive Fee Net Investment Income when the Company’s Pre-Incentive Fee Net Investment Income reaches 2.0588% or 2.0% (8.24% or 8.0% annualized, respectively), as applicable, during the Trailing Twelve Quarters; and (C) For any quarter in which the Company’s Pre-Incentive Fee Net Investment Income for the Trailing Twelve Quarters exceeds the Catch-Up Amount, the Subordinated Incentive Fee on Income shall equal 15.0 % for each Legacy Fee Quarter and 12.5 % for each Current Fee Quarter of the amount of the Company’s Pre-Incentive Fee Net Investment Income for such Trailing Twelve Quarters, as the Preferred Return Amount and Catch-Up Amount will have been achieved, provided, however, that the Subordinated Incentive Fee on Income for any quarter shall not be greater than 15.0 % or 12.5 %, as applicable, of the amount of the Company’s current quarter’s Pre-Incentive Fee Net Investment Income. The Subordinated Incentive Fee on Income is subject to a cap (the “Incentive Fee Cap”). The Incentive Fee Cap in any quarter is an amount equal to (a) 15.0 % of the Cumulative Pre-Incentive Fee Net Return (as defined below) during the relevant Legacy Fee Quarters included in the relevant Trailing Twelve Quarters and 12.5 % of the cumulative Pre-Incentive Fee Net Return (as defined below) during the relevant Current Fee Quarters included in the relevant Trailing Twelve Quarters less (b) the aggregate Subordinated Incentive Fees on Income that were paid to the Adviser and/or earned, but waived, by the Adviser in the preceding eleven calendar quarters (or portion thereof) comprising the relevant Trailing Twelve Quarters. For this purpose, “Cumulative Pre-Incentive Fee Net Return” during the relevant Trailing Twelve Quarters means (x) Pre-Incentive Fee Net Investment Income in respect of the Trailing Twelve Quarters less (y) any Net Capital Loss, if any, in respect of the Trailing Twelve Quarters. If, in any quarter, the Incentive Fee Cap is zero or a negative value, the Company shall pay no Subordinated Incentive Fee on Income to the Adviser in that quarter. If, in any quarter, the Incentive Fee Cap is a positive value but is less than the Subordinated Incentive Fee on Income calculated in accordance with the above, the Company shall pay the Adviser the Incentive Fee Cap for such quarter. If, in any quarter, the Incentive Fee Cap is equal to or greater than the Subordinated Incentive Fee on Income calculated in accordance with the above, the Company shall pay the Adviser the Subordinated Incentive Fee on Income for such quarter. (2) Incentive Fee on Capital Gains The Incentive Fee on Capital Gains shall be determined and payable in arrears as of the end of each calendar year (or upon termination of the Investment Advisory Agreement). This fee shall equal 15.0 % prior to October 1, 2023 and 12.5 % beginning October 1, 2023 of the Company’s realized capital gains on a cumulative basis from inception, calculated as of the end of each calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any Incentive Fees on Capital Gains previously paid to the Adviser. The aggregate unrealized capital depreciation of the Company shall be calculated as the sum of the differences, if negative, between (a) the valuation of each investment in the Company’s portfolio as of the applicable calculation date and (b) the accreted or amortized cost basis of such investment. For accounting purposes only, the Company accrues, but does not pay, a capital gains incentive fee with respect to unrealized capital appreciation. The accrual of this theoretical capital gains incentive fee assumes all unrealized capital appreciation is realized in order to reflect a theoretical capital gains incentive fee that would be payable to the Investment Adviser at each measurement date. It should be noted that a fee so calculated and accrued would not be payable under the Investment Advisers Act of 1940 (the “Advisers Act”) or the Investment Advisory Agreement, and would not be paid based upon such computation of capital gains incentive fees in subsequent periods. Amounts actually paid to the Adviser will be consistent with the Advisers Act and formula reflected in the Investment Advisory Agreement which specifically excludes consideration of unrealized capital gain. For the three months ended June 30, 2024 and 2023, incentive fees were $ 0.7 million and $ 1.5 million , respectively. For the six months ended June 30, 2024 and 2023, incentive fees were $ 1.9 million and $ 3.9 million , respectively, of which the Adviser voluntarily waived $ 0.9 million for the six months ended June 30, 2023. Revolving Loan Agreement On September 8, 2022, the Company entered into an unsecured revolving loan agreement (the “Revolving Onex Loan”) with Onex Credit Finance Corporation, a subsidiary of the ultimate parent entity of the Adviser (the “Onex Entity”), whereby the Onex Entity could advance amounts to the Company (each such amount, an “Onex Loan”) with a maximum outstanding principal amount of $ 80.0 million and a maturity date with respect to each Onex Loan of the day falling two years after the funding of such Onex Loan. The Company was required to meet certain criteria, including a leverage ratio threshold, before the Onex Entity was obligated to make a loan to the Company. The Revolving Onex Loan was intended to provide the Company with the ability to fund investments, pay related costs and expenses, and general corporate purposes. Amounts drawn under an Onex Loan bore interest at SOFR plus a spread of 2.60 % . On May 5, 2023, the Company terminated the Revolving Onex Loan and entered into an unsecured revolving loan agreement with Onex Credit Finance II Corporation (“OCF II”) (the “Revolving OCF II Loan”), a subsidiary of the ultimate parent entity of the Adviser, whereby OCF II may advance amounts to the Company (each such amount, an “Onex Loan II”) with a maximum outstanding principal amount of $ 80.0 million and a maturity date with respect to each Onex Loan II of the day falling two years after the funding of such Onex Loan II. The Company is required to meet certain criteria, including a leverage ratio threshold, before OCF II is obligated to make a loan to the Company. The Revolving OCF II Loan is intended to provide the Company with the ability to fund investments, pay related costs and expenses, and general corporate purposes. Amounts drawn under an Onex Loan II will bear interest at SOFR plus a spread of 2.60 % . Co-Investment Exemptive Relief As a BDC, the Company is subject to certain regulatory restrictions in making its investments. For example, BDCs generally are not permitted to co-invest with certain affiliated entities in transactions originated by the BDC or its affiliates in the absence of an exemptive order from the SEC. However, BDCs are permitted to, and may, simultaneously co-invest in transactions where price is the only negotiated term. On March 29, 2022, the SEC issued an order, which was amended on September 26, 2023 (the “Order”) granting the Company's application for exemptive relief to co-invest in portfolio companies with certain other funds managed by the Adviser or its affiliates (“Affiliated Funds”) and, subject to satisfaction of certain conditions, proprietary accounts of the Adviser or its affiliates (“Proprietary Accounts”) in a manner consistent with the Company’s investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. Pursuant to the Order, the Company is permitted to co-invest with Affiliated Funds and/or Proprietary Accounts if, among other things, a “required majority” (as defined in Section 57(o) of the 1940 Act) of its independent trustees make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the transactions, including the consideration to be paid, are reasonable and fair to the Company and its shareholders and do not involve overreaching of the Company or its shareholders on the part of any person concerned, and (2) the transaction is consistent with the interests of the Company’s shareholders and is consistent with its investment objective and strategies and certain criteria established by the Board. Organization and Offering Costs Under the Investment Advisory Agreement and the Administrative Agreement, the Company, either directly or through reimbursements to the Adviser or its affiliates, is responsible for its organization and offering costs. Prior to the Company’s commencement of operations, the Adviser funded the Company’s organization and offering costs in the amount of $ 0.8 million, which has been reimbursed by the Company or offset against the Expense Payment due from the Adviser in connection with the Expense Support Agreement (described below). Expense Support Agreement On September 15, 2021, the Company entered into the Expense Support Agreement with the Prior Adviser. Commencing with the fourth quarter of 2021 and on a quarterly basis thereafter, the Prior Adviser may elect to pay certain expenses of the Company from time to time, which the Company will be obligated to reimburse to the Prior Adviser at a later date if certain conditions are met. Any payment so required to be made by the Prior Adviser is referred to herein as an “Expense Payment.” The Prior Adviser’s obligation to make an Expense Payment becomes a liability of the Prior Adviser, and the right to such Expense Payment becomes an asset of the Company, no later than the last business day of the applicable calendar quarter. The Expense Payment for any calendar quarter shall, as promptly as possible, be: (i) paid by the Prior Adviser to the Company in any combination of cash or other immediately available funds, and/or (ii) offset against amounts due from the Company to the Prior Adviser. Pursuant to the Expense Support Agreement, “Available Operating Funds” means the sum of (i) the Company’s net investment company taxable income (including net short-term capital gains reduced by net long-term capital losses), (ii) the Company’s net capital gains (including the excess of net long-term capital gains over net short-term capital losses), and (iii) dividends and other distributions paid to or otherwise earned by the Company on account of investments in portfolio companies (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above.) Following any calendar quarter in which Available Operating Funds exceed the cumulative distributions paid to the Company’s shareholders in such calendar quarter (the amount of such excess being hereinafter referred to as “Excess Operating funds”), the Company shall pay such Excess Operating Funds, or a portion thereof in accordance with the stipulation below, as applicable, to the Prior Adviser until such time as all Expense Payments made by the Prior Adviser to the Company within three years prior to the last business day of such calendar quarter have been reimbursed or waived. Any payments required to be made by the Company pursuant to the preceding sentence are referred to herein as a “Reimbursement Payment.” The amount of the Reimbursement Payment for any calendar quarter will be equal to the lesser of (i) the Excess Operating Funds in such calendar quarter, and (ii) the aggregate amount of all Expense Payments made by the Prior Adviser to the Company within three years prior to the last business day of such calendar quarter that have not been previously reimbursed by the Company to the Prior Adviser. No Reimbursement Payment shall be made if: (1) the Effective Rate of Distributions Per Share (defined below) declared by the Company at the time of such proposed Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the Expense Payment was made to which such Reimbursement Payment relates, or (2) the Company’s Operating Expense Ratio at the time of such proposed Reimbursement Payment is greater than the Operating Expense Ratio at the time the Expense Payment was made to which such Reimbursement Payment relates. For purposes of the Expense Support Agreement, “Effective Rate of Distributions Per Share” means the annualized rate (based on a 365 day year) of regular cash distributions per share exclusive of returns of capital, distribution rate reductions due to distribution and shareholder fees, and declared special dividends or special distributions, if any. The “Operating Expense Ratio” is calculated by dividing Operating Expenses, less organizational and offering expenses, base management and incentive fees owed to the Prior Adviser, and interest expense, by the Company’s net assets. The Company’s obligation to make a Reimbursement Payment becomes a liability to the Company, and the right to such Reimbursement Payment becomes an asset of the Prior Adviser, no later than the last business day of the applicable calendar quarter. The Reimbursement Payment for any calendar quarter shall, as promptly as possible, be paid by the Company to the Prior Adviser in any combination of cash or other immediately available funds. Any Reimbursement Payments shall be deemed to have reimbursed the Prior Adviser for Expense Payments in chronological order beginning with the oldest Expense Payment eligible for reimbursement. The Expense Support Agreement may be terminated at any time, without penalty, by the Company or the Prior Adviser, with or without notice. The Expense Support Agreement automatically terminates in the event of (a) the termination by the Company of the Investment Advisory Agreement, or (b) the Board determines to dissolve or liquidate the Company. The following table summarizes the Expense Payments that may be subject to reimbursement pursuant to the Expense Support Agreement: Quarter Ended Expense Reimbursement Unreimbursed Unreimbursed Expense Payment Eligible for (1) December 31, 2021 $ 2,858,000 $ 1,959,766 $ 898,234 $ — December 31, 2024 (1) The Prior Adviser has agreed to permanently waive the remaining balance outstanding of $0.9 million. For the three and six months ended June 30, 2024 , the Company reimbursed $ 0 and $ 0.5 million, respectively, to the Prior Adviser and the Prior Adviser has agreed to permanently waive the remaining balance outstanding of $ 0.9 million. Shares held by Affiliated Accounts As of June 30, 2024 and December 31, 2023, certain entities affiliated with the Company held shares of the Company. As of June 30, 2024 and December 31, 2023 , the Adviser and its affiliate held an aggregate of 609,508 and 653,383 shares, approximately 5.8 % and 5.8 % of the Company’s outstanding shares, respectively. Potential Conflicts of Interest The members of the senior management and investment teams of the Adviser serve or may serve as officers, trustees or principals of entities that operate in the same, related or an unrelated line of business as the Company does. In serving in these multiple and other capacities, they may have obligations to other clients or investors in those entities, the fulfillment of which may or may not be in the Company’s best interests or in the best interest of the Company’s shareholders. The Company’s investment objectives may overlap with the investment objectives of such investment funds, accounts or other investment vehicles.

Investments and Fair Value Meas

Investments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments and Fair Value Measurements	Note 4. Investments and Fair Value Measurements The following table summarizes the composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Amortized Cost Fair Value Amortized Cost Fair Value Senior Secured Loans $ 500,035,620 $ 490,969,858 $ 532,378,544 $ 526,032,489 Equity 9,748,921 6,555,056 9,585,173 7,033,311 Total Investments $ 509,784,541 $ 497,524,914 $ 541,963,717 $ 533,065,800 Generally, under the 1940 Act, the Company would be presumed to “control” a portfolio company if it owned more than 25% of its voting securities or it had the power to exercise control over the management or policies of such portfolio company, and would be an “affiliated person” of a portfolio company if it owned 5% or more of its voting securities. As of June 30, 2024 and December 31, 2023, the Company did not “control” and was not an “affiliated person” of any of its portfolio companies, each as defined in the 1940 Act. The following tables summarize the industry and geographic composition of the Company’s investment portfolio based on fair value as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Fair Value Percentage Fair Value Percentage Automotive $ — — % $ 19,279,402 3.6 % Beverage, Food & Tobacco 12,319,910 2.5 % 16,823,761 3.2 % Business Services 85,367,735 17.2 % 87,305,356 16.4 % Construction & Building 13,181,264 2.6 % 13,446,800 2.5 % Consumer Goods: Durable 48,800,714 9.8 % 51,235,893 9.6 % Consumer Goods: Non-durable 37,406,809 7.5 % 42,071,990 7.9 % Consumer Services 11,647,284 2.3 % 8,699,485 1.6 % Financial Services 9,992,687 2.0 % — — % Forest Products & Paper 10,611,430 2.1 % 10,917,405 2.0 % Healthcare & Pharmaceuticals 93,364,963 18.8 % 94,446,748 17.8 % High Tech Industries 88,392,939 17.8 % 90,843,387 17.1 % Insurance 28,898,369 5.8 % 29,096,663 5.5 % Sovereign & Public Finance 20,006,751 4.0 % 33,027,815 6.2 % Telecommunications 2,928,000 0.6 % — — % Transportation: Cargo 20,687,035 4.2 % 20,504,652 3.8 % Wholesale 13,919,024 2.8 % 15,366,443 2.8 % Total Investments $ 497,524,914 100.0 % $ 533,065,800 100.0 % June 30, 2024 December 31, 2023 Fair Value Percentage Fair Value Percentage United States $ 496,281,585 99.8 % $ 531,815,989 99.8 % Canada 1,243,329 0.2 % 1,249,811 0.2 % Total Investments $ 497,524,914 100.0 % $ 533,065,800 100.0 % The following table summarizes the fair value hierarchy of the Company’s investment portfolio as of June 30, 2024: Level 1 Level 2 Level 3 Total Senior Secured Loans $ — $ 55,435,612 $ 435,534,246 $ 490,969,858 Equity — — 6,555,056 6,555,056 Total Investments $ — $ 55,435,612 $ 442,089,302 $ 497,524,914 The following table summarizes the fair value hierarchy of the Company’s investment portfolio as of December 31, 2023: Level 1 Level 2 Level 3 Total Senior Secured Loans $ — $ 16,921,875 $ 509,110,614 $ 526,032,489 Equity — — 7,033,311 7,033,311 Total Investments $ — $ 16,921,875 $ 516,143,925 $ 533,065,800 The following table presents changes in the fair value of investments for which Level 3 inputs were used to determine the fair value for the six months ended June 30, 2024: Senior Secured Loans Equity Total Balance as of January 1, 2024 $ 509,110,614 $ 7,033,311 $ 516,143,925 Purchases and drawdowns of investments 27,326,871 163,748 27,490,619 Proceeds from principal pre-payments and sales of investments ( 103,028,457 ) — ( 103,028,457 ) Payment-in-kind 1,205,072 — 1,205,072 Net accretion of discount on investments 806,497 — 806,497 Net change in unrealized appreciation (depreciation) on investments 1,762,934 ( 642,003 ) 1,120,931 Net realized gain (loss) on investments ( 1,649,285 ) — ( 1,649,285 ) Transfers into Level 3 (1) — — — Transfers out of Level 3 (1) — — — Balance as of June 30, 2024 $ 435,534,246 $ 6,555,056 $ 442,089,302 Net change in unrealized appreciation (depreciation) on Level 3 investments still held $ 40,478 $ ( 642,003 ) $ ( 601,525 ) (1) Transfers into Level 3, if any, are due to a decrease in the quantity and reliability of broker quotes obtained and transfers out of Level 3, if any, are due to an increase in the quantity and reliability of broker quotes obtained as assessed by the Adviser. Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. The following table presents changes in the fair value of investments for which Level 3 inputs were used to determine the fair value for the six months ended June 30, 2023: Senior Secured Loans Equity Total Balance as of January 1, 2023 $ 478,620,993 $ 8,588,300 $ 487,209,293 Purchases of investments 49,573,672 136,037 49,709,709 Proceeds from principal pre-payments and sales of investments ( 33,307,163 ) — ( 33,307,163 ) Payment-in-kind 712,165 — 712,165 Net accretion of discount on investments 1,081,105 — 1,081,105 Net change in unrealized appreciation (depreciation) on investments 2,030,906 ( 1,489,397 ) 541,509 Net realized gain (loss) on investments 579,375 — 579,375 Transfers into Level 3 (1) — — — Transfers out of Level 3 (1) ( 24,132,031 ) — ( 24,132,031 ) Balance as of June 30, 2023 $ 475,159,022 $ 7,234,940 $ 482,393,962 Net change in unrealized appreciation (depreciation) on Level 3 investments still held $ 2,030,906 $ ( 1,489,397 ) $ 541,509 (1) Transfers into Level 3, if any, are due to a decrease in the quantity and reliability of broker quotes obtained and transfers out of Level 3, if any, are due to an increase in the quantity and reliability of broker quotes obtained as assessed by the Adviser. Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. The valuation techniques and significant unobservable inputs used in the valuation of Level 3 investments as of June 30, 2024 were as follows: Investment type Fair Value Valuation Technique Unobservable Range (Weighted Average) Impact to Valuation from an Increase in Input Senior Secured Loans $ 248,795,848 Discounted cash flow Discount rate 5.8 % - 25.3 % ( 10.2 %) Decrease 139,368,282 Yield analysis Market yield 5.4 % - 14.2 % ( 10.6 %) Decrease 13,748,826 Enterprise value waterfall EBITDA multiple 11.3 x ( 11.3 x) Increase 33,621,290 Recent transactions Transaction price N/A N/A Equity 6,555,056 Enterprise value waterfall EBITDA multiple 11.3 x - 15.0 x ( 13.8 x) Increase $ 442,089,302 As of June 30, 2024 , the valuation method used for the investments classified as “Wholesale” amounting to $ 13,748,826 changed from the yield analysis valuation method to the enterprise value waterfall valuation method. The change was due to changing market conditions and is intended to more accurately reflect the go forward performance of such investments. The valuation techniques and significant unobservable inputs used in the valuation of Level 3 investments as of December 31, 2023 were as follows: Investment type Fair Value Valuation Technique Unobservable Range (Weighted Average) Impact to Valuation from an Increase in Input Senior Secured Loans $ 382,741,551 Discounted cash flow Discount rate 6.2 % - 108.9 % ( 12.4 %) Decrease 76,718,361 Yield analysis Market yield 11.2 % - 16.4 % ( 12.6 %) Decrease 49,650,702 Recent transactions Transaction price N/A N/A Equity 7,033,311 Enterprise value waterfall EBITDA multiple 12.5 x - 15.4 x ( 14.2 x) Increase $ 516,143,925

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Debt Instruments [Abstract]
Borrowings	Note 5. Borrowings On October 4, 2021, the ODL SPV, as borrower, and the Company, solely in its capacities as equity holder and collateral manager, entered into a Loan and Servicing Agreement with Société Générale, as initial lender and agent, and certain financial institutions (the “Lenders”), and U.S. Bank National Association as collateral agent and collateral custodian (the “SPV Facility”), as amended on December 27, 2021, as further amended on March 31, 2022, July 14, 2022 and on April 4, 2023, pursuant to which the amount made available to ODL SPV was increased from $ 100.0 million to $ 340.0 million. Borrowings under the SPV Facility will bear interest at SOFR plus a spread of 1.75 % or 2.40 % based on certain conditions (or an alternative rate of interest for certain loans denominated in Canadian Dollars, Euros or Sterling). ODL SPV will also pay an unused commitment fee at rate of (1) 1.00 % if the amount drawn under the SPV Facility is less than the minimum commitment usage (the “Minimum Commitment Usage”) and (2) 0.40 % if the amount drawn under the SPV Facility is greater than or equal to the Minimum Commitment Usage. The Minimum Commitment Usage is equal to (1) 0.0 % for the first six months ended April 4, 2022; (2) 37.5 % for the period from April 5, 2022 through June 27, 2022; (3) 75 % for the period from June 28, 2022 through July 13, 2022; (4) $ 150.0 million for the period from July 14, 2022 through January 13, 2023; and (5) $ 255.0 million thereafter. The Company also pays a fee of 0.20 % per annum on the outstanding balance under the SPV Facility beginning on July 14, 2022. The SPV Facility terminates on October 2, 2026. In connection with the SPV Facility, on October 4, 2021, the Company entered into a sale and contribution agreement with the ODL SPV, which provides for the sale and contribution of certain loans to the ODL SPV and for future sales from the Company to the ODL SPV on an ongoing basis. Such loans sold and contributed to ODL SPV constitute part of the initial portfolio of assets securing the SPV Facility. The SPV Facility includes customary covenants, including certain financial maintenance covenants, limitation on the activities of ODL SPV, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Facility is secured by a lien on assets held by the ODL SPV and on any payments received by ODL SPV in respect of those assets. Further, as discussed in Note 3 above, on September 8, 2022, the Company entered into the Revolving Onex Loan with the Onex Entity. On May 5, 2023, the Company terminated the Revolving Onex Loan and entered into the Revolving OCF II Loan with OCF II. Debt obligations consisted of the following as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Total Borrowing Capacity Principal Outstanding Total Borrowing Capacity Principal Outstanding SPV Facility $ 340,000,000 $ 226,000,000 $ 340,000,000 $ 263,000,000 Revolving OCF II Loan 80,000,000 — 80,000,000 — $ 420,000,000 $ 226,000,000 $ 420,000,000 $ 263,000,000 Due to the short-term nature of the SPV Facility, the outstanding principal balance approximates fair value. The fair value of the credit facility would be categorized as Level 3. For the three and six months ended June 30, 2024 and 2023, the components of interest expense were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Interest expense $ 4,934,599 $ 4,872,607 $ 10,363,374 $ 8,998,886 Amortization of deferred financing costs 277,916 277,916 555,833 555,833 Total interest and credit facility expense $ 5,212,515 $ 5,150,523 $ 10,919,207 $ 9,554,719 Average debt outstanding $ 241,500,000 $ 255,000,000 $ 256,704,918 $ 237,950,549 Weighted average interest rate 7.2 % 7.0 % 7.3 % 6.7 %

Share Transactions

Share Transactions	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Share Transactions	Note 6. Share Transactions The Company is authorized to issue an unlimited number of common shares at $ 0.001 par value per share. The following table summarizes the total shares issued and proceeds received during the six months ended June 30, 2024: Period Ended Shares Issued Proceeds Received March 31, 2024 21,853 $ 532,335 June 30, 2024 158,415 3,859,000 180,268 $ 4,391,335 The following table summarizes the total shares issued and proceeds received during the six months ended June 30, 2023: Period Ended Shares Issued Proceeds Received March 31, 2023 44,339 $ 1,088,965 June 30, 2023 18,186 445,000 62,525 $ 1,533,965 Distributions The Company may fund its cash distributions to shareholders from any sources of funds available to it, including offering proceeds, borrowings, net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to the Company on account of preferred and common equity investments in portfolio companies and fee and expense reimbursement waivers from the Adviser or the Administrator, if any. The Company has not established limits on the amount of funds it may use from available sources to make distributions. During certain periods, the Company’s distributions may exceed its taxable earnings. As a result, it is possible that a portion of the distributions the Company makes may represent a return of capital. A return of capital generally is a return of a shareholder’s investment rather than a return of earnings or gains derived from the Company’s investment activities. With respect to distributions, the Company has adopted an “opt out” DRP for common shareholders. As a result, in the event of a declared distribution, each shareholder that has not “opted out” of the DRP will have their distributions automatically reinvested in additional common shares rather than receiving cash distributions. Shareholders who receive distributions in the form of common shares will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions. The following table summarizes the distribution declarations and common shares issued pursuant to the distribution reinvestment plan for the six months ended June 30, 2024: Date Declared Record Date Payment Date Amount Per Share Distribution Declared DRP Shares Issued March 1, 2024 March 5, 2024 March 21, 2024 $ 0.77 $ 8,116,595 79,402 May 9, 2024 May 14, 2024 June 20, 2024 0.70 7,325,374 50,065 $ 1.47 $ 15,441,969 129,467 The following table summarizes the distribution declarations and common shares issued pursuant to the distribution reinvestment plan for the six months ended June 30, 2023: Date Declared Record Date Payment Date Amount Per Share Distribution Declared DRP Shares Issued March 2, 2023 March 2, 2023 March 23, 2023 $ 0.58 $ 7,007,486 178,875 May 11, 2023 May 16, 2023 June 22, 2023 0.60 7,037,746 179,607 $ 1.18 $ 14,045,232 358,482 Share Repurchase Program In the first quarter of 2023, the Company began offering, and on a quarterly basis, intends to continue offering, to repurchase up to 5 % of the Company’s outstanding shares as of the close of the previous calendar quarter. Although the Company intends to offer to repurchase up to 5 % of its common shares outstanding in each quarter, the Board has in the past, and may in the future, increase the size of the tender offer, if the Board determines such an increase to be in the best interest of the Company and its shareholders. The Board has complete discretion to determine whether the Company will offer to repurchase any of its common shares, and if so, the terms of such repurchase. At the discretion of the Board, the Company may use cash on hand, cash available from borrowings, and cash from the sale of investments as of the end of the applicable period to repurchase shares. All shares purchased by the Company pursuant to the terms of each offer to repurchase will be retired and thereafter will be authorized and unissued shares. Any periodic repurchase offers are subject in part to the Company’s available cash and compliance with the BDC and RIC qualification and diversification rules promulgated under the 1940 Act and the Code, respectively. While the Company intends to continue to conduct quarterly tender offers as described above, the Company is not required to do so and may suspend or terminate the share repurchase program at any time. The following table presents the share repurchases completed during the six months ended June 30, 2024: Tender Offer Tender Offer Expiration Tender Offer Price Paid per Share Total Number of Shares Repurchased Maximum Number of Shares that may yet be purchased under the repurchase plan (1) January 12, 2024 February 9, 2024 736,400 $ 24.36 677,139 — April 15, 2024 May 10, 2024 531,022 $ 24.36 314,031 — 991,170 (1) All repurchase requests were satisfied in full. The following table presents the share repurchases completed during the six months ended June 30, 2023: Tender Offer Tender Offer Expiration Tender Offer Price Paid per Share Total Number of Shares Repurchased Maximum Number of Shares that may yet be purchased under the repurchase plan (1) January 13, 2023 February 10, 2023 622,786 $ 24.56 418,189 — April 17, 2023 May 12, 2023 613,037 $ 24.47 549,357 — 967,546 (1) All repurchase requests were satisfied in full.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 7. Earnings Per Share The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net increase in net assets resulting from operations $ 3,300,525 $ 8,677,416 $ 11,447,099 $ 14,559,052 Weighted average common shares outstanding—basic and diluted 10,615,859 11,997,347 10,730,759 12,147,378 Net increase in net assets resulting from operations per common share—basic and diluted $ 0.31 $ 0.72 $ 1.07 $ 1.20

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 8. Income Taxes The Company has elected to be treated as a RIC under the Code, and intends to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. As a RIC, the Company is not subject to federal income tax on the portion of its taxable income and gains distributed currently to its shareholders as a distribution. The Company’s quarterly distributions, if any, are determined by the Board. The Company anticipates distributing substantially all of its taxable income and gains, within the Subchapter M rules, and thus the Company anticipates that it will not incur any federal or state income tax at the RIC level. As a RIC, the Company is also subject to a federal excise tax based on distributive requirements of its taxable income on a calendar year basis. Depending on the level of taxable income earned in a tax year, the Company may choose to carry forward taxable income in excess of current year distributions into the next tax year and pay a 4 % excise tax on such income, to the extent required. Taxable Subsidiaries Certain of the Company's subsidiaries are subject to U.S. federal and state corporate-level income taxes. As of June 30, 2024 and December 31, 2023 , there were deferred tax assets of $ 0.8 million and $ 0.6 million, offset by valuation allowances of $ 0.8 million and $ 0.6 million, respectively, for taxable subsidiaries. The cumulative deferred tax asset has been fully offset by a valuation allowance due to uncertainty about the Company's ability to utilize these net operating losses in future years.

Financial Highlights

Financial Highlights	6 Months Ended
	Jun. 30, 2024
Investment Company, Financial Highlights [Abstract]
Financial Highlights	Note 9. Financial Highlights The following is a schedule of financial highlights for the six months ended June 30, 2024 and 2023: Six Months Ended June 30, 2024 2023 Per share data: Net asset value, beginning of period $ 24.36 $ 24.56 Results of operations: Net investment income (loss) (1) 1.53 1.22 Net realized and unrealized gain (loss) (6) ( 0.44 ) 0.01 Net increase (decrease) in net assets resulting from operations (1) 1.09 1.23 Shareholder distributions: (2) Distributions from net investment income ( 1.47 ) ( 1.18 ) Net decrease in net assets resulting from shareholder distributions ( 1.47 ) ( 1.18 ) Net asset value, end of period $ 23.98 $ 24.61 Shares outstanding, end of period 10,514,884 11,909,184 Total return based on net asset value (3) 4.47 % 5.08 % Ratio/Supplemental Data: Net assets, end of period $ 252,106,718 $ 293,035,250 Ratio of net investment income (loss) to average net assets (4) 13.46 % 10.90 % Ratio of total expenses to average net assets (4) 11.53 % 11.12 % Ratio of net expenses to average net assets (4) 11.72 % 10.82 % Average debt outstanding $ 256,704,918 $ 237,950,549 Portfolio turnover 14 % 7 % Total amount of senior securities outstanding $ 226,000,000 $ 255,000,000 Asset coverage per unit (5) $ 2,116 $ 2,149 (1) The per share data was derived using weighted average shares outstanding during the period. (2) The per share data for distributions reflects the actual amount of distributions paid during the period. (3) Total return based on net asset value is calculated as the change in net asset value per share during the period, and reflects reinvestment of any distributions to common shareholders. Total return is not annualized. (4) The computation of average net assets during the period is based on averaging net assets for the period reported. Ratio, excluding incentive fees, and nonrecurring expenses and waivers, such as organization and offering costs and reimbursement of expense support to the Adviser, is annualized. Net expenses include reimbursement of expense support to the Adviser for the six months ended June 30, 2024. Net expenses include incentive fee waiver from the Adviser for the six months ended June 30, 2023. (5) Asset coverage per unit is the ratio of the carrying value of the Company’s consolidated total assets, less 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 and is calculated on a consolidated basis. (6) The amount shown at this caption is the balancing figure derived from the other figures in the schedule. The amount shown at this caption is derived from total change in net asset value during the period and differs from the amount calculated using average shares because of the timing of issuances of the Company’s shares in relation to changes in net asset value during the period.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10. Commitments and Contingencies In the normal course of its business, the Company may enter into contracts that require it to make certain representations and warranties and which provide for general indemnifications. Given that these would involve future claims against the Company that have not yet been made, the Company’s potential exposure under these arrangements is unknown. Based upon past experience, management expects the risk of loss under these indemnification provisions to be remote. From time to time, the Company may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Company’s rights under contracts with its portfolio companies. As of June 30, 2024, the Company is not aware of any pending or threatened litigation. See Note 3 for a discussion of the Company's conditional reimbursement to the Adviser under the Expense Support Agreement. The Company may, from time to time, enter into commitments to fund investments. As of June 30, 2024 and December 31, 2023, the Company had the following outstanding commitments to fund investments in current portfolio companies: June 30, 2024 December 31, 2023 Unfunded delayed draw term loan commitments $ 3,494,159 $ 3,926,790 Unfunded revolver obligations 14,139,985 15,736,196 $ 17,634,144 $ 19,662,986 The Company maintains sufficient capacity to cover outstanding unfunded portfolio company commitments that the Company may be required to fund.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 11. Subsequent Events Management has evaluated subsequent events through the date of issuance of these financial statements and has determined that there are no subsequent events outside the ordinary scope of business that require adjustment to, or disclosure in, the financial statements other than those disclosed below. On August 7, 2024 , the Board declared a quarterly dividend of $ 0.68 per share for the Company’s shareholders of record as of August 13, 2024 , payable on September 19, 2024 .

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) pursuant to the requirements for reporting on Form 10-Q and Regulation S-X, as appropriate. These unaudited consolidated financial statements (“consolidated financial statements”) reflect adjustments that in the opinion of the Company are necessary for the fair presentation of the financial position and results of operations as of and for the periods presented herein and notes thereto should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Form 10-K for the year ended December 31, 2023 , as filed with the SEC. The Company is considered an investment company under U.S. GAAP and therefore applies the accounting and reporting guidance applicable to investment companies.
Use of Estimates	Use of Estimates The preparation of 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 consolidated financial statements. Actual results could differ from those estimates, and such differences could be material.
Consolidation	Consolidation In accordance with U.S. GAAP guidance on consolidation, the Company will generally not consolidate its investment in a portfolio company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company’s wholly-owned subsidiaries, ODL SPV, ODL Blocker and OFDL Holdings, in its consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation.
Segments	Segments In accordance with U.S. GAAP guidance on segment reporting, the Company has determined that its operations comprise a single reporting segment.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash Cash consists of deposits held at a custodian bank. Cash equivalents consists of money market investments. The carrying amounts for money market investments approximate fair value. Restricted cash consists of deposits pledged as collateral, if any. Cash, cash equivalents and restricted cash are held at major financial institutions and, at times, may exceed the insured limits under applicable law.
Investments	Investments Investment transactions are recorded on the trade date. Realized gains or losses on investments are calculated using the specific identification method as the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment without regard to unrealized appreciation or depreciation previously recognized, and include investments charged off during the period, net of recoveries. Net change in unrealized appreciation or depreciation reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are recognized.
Valuation Procedures	Valuation Procedures The Board has designated the Adviser as its “valuation designee” pursuant to Rule 2a-5 under the 1940 Act, and in that role the Adviser is responsible for performing fair value determinations relating to all of the Company’s investments, including periodically assessing and managing any material valuation risks and establishing and applying fair value methodologies, in accordance with valuation policies and procedures that have been approved by the Board. Although the Board designated the Adviser as “valuation designee,” the Board ultimately is responsible for fair value determinations under the 1940 Act. Investments for which market quotations are readily available are typically valued at the average bid and ask prices of such market quotations, which are generally obtained from independent pricing services, broker-dealers or market makers. To validate market quotations, the Company will utilize a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities for which market quotations are not readily available or are deemed not to represent fair value, are valued at fair value as determined in good faith by the Adviser, in accordance with a valuation policy approved by the Board and a consistently applied valuation process. Accordingly, such investments go through the Company’s multi-step valuation process as described below. Investments purchased within the quarter before the valuation date may each be valued at cost, unless such valuation, in the judgment of the Adviser, does not represent fair value. The Adviser undertakes a multi-step valuation process, which includes, among other procedures, the following: • The Company’s quarterly valuation process begins with each portfolio company or investment being initially valued using certain inputs, among others, provided by the Adviser's investment professionals that are responsible for the portfolio investment; • Preliminary valuation conclusions are then documented and discussed with the Adviser's senior investment team; • At least once annually, the valuation for each portfolio investment is reviewed by an independent valuation firm. In each case, the Company’s independent third party valuation firms consider observable market inputs together with significant unobservable inputs in arriving at their valuation recommendations for such investments; and • The Adviser then reviews the valuations and determines the fair value of each investment. As part of the valuation process, the Adviser may consider other information and may use valuation methods including but not limited to (i) market quotes for similar investments, (ii) recent trading activity, (iii) discounting forecasted cash flows of the investment, (iv) models that consider the implied yields from comparable debt, (v) third party appraisals, (vi) sale negotiations and purchase offers received from independent parties and (vii) estimated value of underlying assets to be received in any liquidation or restructuring. As part of the valuation process, the Adviser will primarily use the “income approach” by using a present value technique that discounts the estimated contractual cash flows. Discount rates applied to estimated contractual cash flows for an underlying asset vary by specific investment, industry, priority and nature of the debt security and are assessed relative to leveraged loan and high-yield bond indices at the valuation date. The use of market indices as part of the valuation methodology is subject to adjustment for many factors, including priority, collateral used as security, structure, performance and other quantitative and qualitative attributes of the asset being valued. When an external event such as a purchase transaction, public offering or subsequent equity or debt sale occurs, the Board or its delegates will consider whether the pricing indicated by the external event corroborates its valuation. When the Company determines its NAV as of the last day of a month that is not also the last day of a calendar quarter, the Company intends to update the value of securities with reliable market quotations to the most recent market quotation. For securities without reliable market quotations, the Adviser’s valuation team will generally value such assets at the most recent quarterly valuation unless the Adviser determines that a significant observable change has occurred since the most recent quarter end with respect to the investment (which determination may be as a result of a material event at a portfolio company, material change in market spreads, secondary market transaction in the securities of an investment or otherwise). If the Adviser’s valuation team determines such a change has occurred with respect to one or more investments, the Adviser’s valuation team will determine whether to update the value for each relevant investment, using positive assurance from an independent valuation firm where applicable in accordance with our valuation policy, pursuant to authority delegated by the Board. Financial Accounting Standards Board Accounting Standards Codification Topic 820: Fair Value Measurements and Disclosures (“ASC 820”) specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. ASC 820 also provides guidance regarding a fair value hierarchy, which prioritizes information used to measure fair value and the effect of fair value measurements on earnings and provides for enhanced disclosures determined by the level of information used in the valuation. The Company classifies the inputs used to measure fair values into the following hierarchy: • Level 1—Valuations are based on quoted prices in active markets for identical assets or liabilities that are accessible to the Company at the measurement date. • Level 2—Valuations are based on similar assets or liabilities in active markets, or quoted prices identical or similar assets or liabilities in markets that are not active or for which all significant inputs are observable, either directly or indirectly and model-based valuation techniques for which all significant inputs are observable. • Level 3—Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models incorporating significant unobservable inputs, such as discounted cash flow models and other similar valuation techniques. The valuation of Level 3 assets and liabilities generally requires significant management judgment due to the inability to observe inputs to valuation. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of observable input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and it considers factors specific to the investment. Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC 820. Consistent with the valuation policy, the Company evaluates the source of inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When a security is valued based on prices provided by reputable dealers or pricing services (that is, broker quotes), the Company subjects those prices to various additional criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Company reviews pricing provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs. Some additional factors considered include the number of prices obtained as well as an assessment as to their quality, such as the depth of the relevant market relative to the size of the Company’s position. A determination of fair value involves subjective judgments and estimates and depends on the facts and circumstances present at each valuation date. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material. In addition, changes in the market environment, including the impact of changes in broader market indices and credit spreads, and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.
Revenue Recognition	Revenue Recognition Interest income is recorded on an accrual basis and includes the accretion of discounts and amortization of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. The Company considers many factors relevant to an investment when placing it on or removing it from non-accrual status including, but not limited to, the delinquency status of the investment, economic and business conditions, the overall financial condition of the underlying investment, the value of the underlying collateral, bankruptcy status, if any, and any other facts or circumstances relevant to the investment. Accrued interest is generally reversed when a loan is placed on non-accrual status. Payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability of the outstanding principal and interest. Non-accrual loans may be restored to accrual status when past due principal and interest is paid current and are likely to remain current based on management’s judgment. Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. Loan origination fees, original issue discount and market discount are capitalized, and the Company amortizes such amounts as interest income over the respective term of the loan or security. Upon the prepayment of a loan or security, any unamortized loan origination fees and original issue discount are recorded as interest income. The Company records prepayment premiums on loans and securities as fee income when it receives such amounts.
Payment-in-Kind Interest	Payment-in-Kind Interest Payment-in-kind (“PIK”) interest, computed at the contractual rate specified in each loan agreement, is added to the principal balance of the loan and recorded as interest income and generally becomes due at maturity. To maintain the Company’s status as a RIC, this non-cash source of income must be paid out to shareholders in the form of distributions, even though the Company has not yet collected the cash.
Deferred Financing Costs	Deferred Financing Costs Origination and other expenses related to the Company’s revolving credit facility are recorded as deferred financing costs and amortized as part of interest expense using the straight-line method over the stated life of the debt instrument.
Organization and Offering Costs	Organization and Offering Costs Organization costs include, among other things, the cost of incorporating, including the cost of legal services, printing, consulting services and other fees pertaining to the Company’s organization. Costs associated with the organization of the Company are expensed as incurred. Offering costs include legal expenses related to the preparation of the Company’s private placement memorandum in connection with the Company's offering of common shares. Offering costs are capitalized as deferred offering expenses and are amortized over twelve months from incurrence.
Earnings per Share	Earnings per Share Basic earnings per share is calculated by dividing net income or loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated in the same manner, with further adjustments to reflect the dilutive effect of common share equivalents outstanding.
Income Taxes	Income Taxes The Company has elected to be regulated as a BDC under the 1940 Act. The Company has elected to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a RIC. So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income or excise taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as distributions. Rather, any tax liability related to income earned and distributed would represent obligations of the Company’s investors and would not be reflected in the consolidated financial statements of the Company. The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more likely than not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more likely than not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source of income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90 % of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses. In addition, based on the excise tax distribution requirements, the Company is subject to a 4 % nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (2) 98.2% of capital gains in excess of capital losses (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. For this purpose, however, any net ordinary income or capital gains retained by the Company that is subject to corporate income tax is considered to have been distributed. The Company, at its discretion, may carry forward taxable income in excess of calendar year distributions and pay a 4 % nondeductible U.S. federal excise tax on this income. The Company has analyzed the tax positions taken on federal and state income tax returns for all open tax years and has concluded that no provision for income tax for uncertain tax positions is required in the Company’s consolidated financial statements. The Company’s major tax jurisdictions are U.S. federal, New York State, and foreign jurisdictions where the Company makes significant investments. The Company’s federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.
Distributions to Common Shareholders	Distributions to Common Shareholders Distributions to the Company’s shareholders are recorded on the record date. The amount to be paid out as a distribution is determined by the Board and is generally based upon earnings estimated by the Adviser. Net realized capital gains, if any, would generally be distributed at least annually, although the Company may decide to retain such capital gains. The Company has adopted an “opt out” dividend reinvestment plan (“DRP”) for its shareholders. As a result, if the Company makes a cash distribution, its shareholders will have their cash distributions reinvested in additional shares of the Company including fractional shares as necessary, unless they specifically “opt out” of the DRP to receive the distribution in cash. Under the DRP, cash distributions to participating shareholders will be reinvested in additional shares of the Company at a purchase price equal to the net asset value per share as of the last day of the calendar quarter immediately preceding the date such distribution was declared. The Company may distribute taxable distributions that are payable in cash or shares at the election of each shareholder. Under certain applicable provisions of the Code and the U.S. Treasury regulations, distributions payable in cash or in common shares at the election of shareholders are treated as taxable distributions. As a result, a U.S. shareholder may be required to pay tax with respect to such distributions in excess of any cash received. If a U.S. shareholder sells the shares it receives in order to pay this tax, the sales proceeds may be less than the amount included in income with respect to the distribution, depending on the market price of the Company’s shares at the time of the sale. Furthermore, with respect to non-U.S. shareholders, the Company may be required to withhold U.S. tax with respect to such distributions, including in respect of all or a portion of such distribution that is payable in shares.
Foreign Currency Translation	Foreign Currency Translation Amounts denominated in foreign currencies are translated into U.S. dollars on the following basis: (1) all assets and liabilities denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates effective on the date of valuation; and (2) purchases and sales of investments, borrowings and repayments of such borrowings, and income and expense items denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. The portion of gains and losses on foreign investments resulting from fluctuations in foreign currencies is included in net realized and unrealized gain or loss from investments. Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities.

Related Party Transaction (Tabl

Related Party Transaction (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Summary of Expense Payment Subject to Reimbursement	The following table summarizes the Expense Payments that may be subject to reimbursement pursuant to the Expense Support Agreement: Quarter Ended Expense Reimbursement Unreimbursed Unreimbursed Expense Payment Eligible for (1) December 31, 2021 $ 2,858,000 $ 1,959,766 $ 898,234 $ — December 31, 2024 (1) The Prior Adviser has agreed to permanently waive the remaining balance outstanding of $0.9 million.

Investments and Fair Value Me_2

Investments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Portfolio at Amortized Cost and Fair Value	The following table summarizes the composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Amortized Cost Fair Value Amortized Cost Fair Value Senior Secured Loans $ 500,035,620 $ 490,969,858 $ 532,378,544 $ 526,032,489 Equity 9,748,921 6,555,056 9,585,173 7,033,311 Total Investments $ 509,784,541 $ 497,524,914 $ 541,963,717 $ 533,065,800
Schedule of Investment Portfolio by Industry and Geographic Composition	The following tables summarize the industry and geographic composition of the Company’s investment portfolio based on fair value as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Fair Value Percentage Fair Value Percentage Automotive $ — — % $ 19,279,402 3.6 % Beverage, Food & Tobacco 12,319,910 2.5 % 16,823,761 3.2 % Business Services 85,367,735 17.2 % 87,305,356 16.4 % Construction & Building 13,181,264 2.6 % 13,446,800 2.5 % Consumer Goods: Durable 48,800,714 9.8 % 51,235,893 9.6 % Consumer Goods: Non-durable 37,406,809 7.5 % 42,071,990 7.9 % Consumer Services 11,647,284 2.3 % 8,699,485 1.6 % Financial Services 9,992,687 2.0 % — — % Forest Products & Paper 10,611,430 2.1 % 10,917,405 2.0 % Healthcare & Pharmaceuticals 93,364,963 18.8 % 94,446,748 17.8 % High Tech Industries 88,392,939 17.8 % 90,843,387 17.1 % Insurance 28,898,369 5.8 % 29,096,663 5.5 % Sovereign & Public Finance 20,006,751 4.0 % 33,027,815 6.2 % Telecommunications 2,928,000 0.6 % — — % Transportation: Cargo 20,687,035 4.2 % 20,504,652 3.8 % Wholesale 13,919,024 2.8 % 15,366,443 2.8 % Total Investments $ 497,524,914 100.0 % $ 533,065,800 100.0 % June 30, 2024 December 31, 2023 Fair Value Percentage Fair Value Percentage United States $ 496,281,585 99.8 % $ 531,815,989 99.8 % Canada 1,243,329 0.2 % 1,249,811 0.2 % Total Investments $ 497,524,914 100.0 % $ 533,065,800 100.0 %
Summary of Fair Value Hierarchy of Investment Portfolio	The following table summarizes the fair value hierarchy of the Company’s investment portfolio as of June 30, 2024: Level 1 Level 2 Level 3 Total Senior Secured Loans $ — $ 55,435,612 $ 435,534,246 $ 490,969,858 Equity — — 6,555,056 6,555,056 Total Investments $ — $ 55,435,612 $ 442,089,302 $ 497,524,914 The following table summarizes the fair value hierarchy of the Company’s investment portfolio as of December 31, 2023: Level 1 Level 2 Level 3 Total Senior Secured Loans $ — $ 16,921,875 $ 509,110,614 $ 526,032,489 Equity — — 7,033,311 7,033,311 Total Investments $ — $ 16,921,875 $ 516,143,925 $ 533,065,800
Summary of Changes in Fair Value of Investments for Which Level 3 Inputs Were Used to Determine Fair Value	The following table presents changes in the fair value of investments for which Level 3 inputs were used to determine the fair value for the six months ended June 30, 2024: Senior Secured Loans Equity Total Balance as of January 1, 2024 $ 509,110,614 $ 7,033,311 $ 516,143,925 Purchases and drawdowns of investments 27,326,871 163,748 27,490,619 Proceeds from principal pre-payments and sales of investments ( 103,028,457 ) — ( 103,028,457 ) Payment-in-kind 1,205,072 — 1,205,072 Net accretion of discount on investments 806,497 — 806,497 Net change in unrealized appreciation (depreciation) on investments 1,762,934 ( 642,003 ) 1,120,931 Net realized gain (loss) on investments ( 1,649,285 ) — ( 1,649,285 ) Transfers into Level 3 (1) — — — Transfers out of Level 3 (1) — — — Balance as of June 30, 2024 $ 435,534,246 $ 6,555,056 $ 442,089,302 Net change in unrealized appreciation (depreciation) on Level 3 investments still held $ 40,478 $ ( 642,003 ) $ ( 601,525 ) (1) Transfers into Level 3, if any, are due to a decrease in the quantity and reliability of broker quotes obtained and transfers out of Level 3, if any, are due to an increase in the quantity and reliability of broker quotes obtained as assessed by the Adviser. Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. The following table presents changes in the fair value of investments for which Level 3 inputs were used to determine the fair value for the six months ended June 30, 2023: Senior Secured Loans Equity Total Balance as of January 1, 2023 $ 478,620,993 $ 8,588,300 $ 487,209,293 Purchases of investments 49,573,672 136,037 49,709,709 Proceeds from principal pre-payments and sales of investments ( 33,307,163 ) — ( 33,307,163 ) Payment-in-kind 712,165 — 712,165 Net accretion of discount on investments 1,081,105 — 1,081,105 Net change in unrealized appreciation (depreciation) on investments 2,030,906 ( 1,489,397 ) 541,509 Net realized gain (loss) on investments 579,375 — 579,375 Transfers into Level 3 (1) — — — Transfers out of Level 3 (1) ( 24,132,031 ) — ( 24,132,031 ) Balance as of June 30, 2023 $ 475,159,022 $ 7,234,940 $ 482,393,962 Net change in unrealized appreciation (depreciation) on Level 3 investments still held $ 2,030,906 $ ( 1,489,397 ) $ 541,509
Summary of Valuation Techniques and Significant Unobservable Inputs Used in Valuation of Level 3 Investments	The valuation techniques and significant unobservable inputs used in the valuation of Level 3 investments as of June 30, 2024 were as follows: Investment type Fair Value Valuation Technique Unobservable Range (Weighted Average) Impact to Valuation from an Increase in Input Senior Secured Loans $ 248,795,848 Discounted cash flow Discount rate 5.8 % - 25.3 % ( 10.2 %) Decrease 139,368,282 Yield analysis Market yield 5.4 % - 14.2 % ( 10.6 %) Decrease 13,748,826 Enterprise value waterfall EBITDA multiple 11.3 x ( 11.3 x) Increase 33,621,290 Recent transactions Transaction price N/A N/A Equity 6,555,056 Enterprise value waterfall EBITDA multiple 11.3 x - 15.0 x ( 13.8 x) Increase $ 442,089,302 As of June 30, 2024 , the valuation method used for the investments classified as “Wholesale” amounting to $ 13,748,826 changed from the yield analysis valuation method to the enterprise value waterfall valuation method. The change was due to changing market conditions and is intended to more accurately reflect the go forward performance of such investments. The valuation techniques and significant unobservable inputs used in the valuation of Level 3 investments as of December 31, 2023 were as follows: Investment type Fair Value Valuation Technique Unobservable Range (Weighted Average) Impact to Valuation from an Increase in Input Senior Secured Loans $ 382,741,551 Discounted cash flow Discount rate 6.2 % - 108.9 % ( 12.4 %) Decrease 76,718,361 Yield analysis Market yield 11.2 % - 16.4 % ( 12.6 %) Decrease 49,650,702 Recent transactions Transaction price N/A N/A Equity 7,033,311 Enterprise value waterfall EBITDA multiple 12.5 x - 15.4 x ( 14.2 x) Increase $ 516,143,925

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Instruments [Abstract]
Summary of Debt Obligations	Debt obligations consisted of the following as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Total Borrowing Capacity Principal Outstanding Total Borrowing Capacity Principal Outstanding SPV Facility $ 340,000,000 $ 226,000,000 $ 340,000,000 $ 263,000,000 Revolving OCF II Loan 80,000,000 — 80,000,000 — $ 420,000,000 $ 226,000,000 $ 420,000,000 $ 263,000,000
Schedule of Components of Interest Expense	For the three and six months ended June 30, 2024 and 2023, the components of interest expense were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Interest expense $ 4,934,599 $ 4,872,607 $ 10,363,374 $ 8,998,886 Amortization of deferred financing costs 277,916 277,916 555,833 555,833 Total interest and credit facility expense $ 5,212,515 $ 5,150,523 $ 10,919,207 $ 9,554,719 Average debt outstanding $ 241,500,000 $ 255,000,000 $ 256,704,918 $ 237,950,549 Weighted average interest rate 7.2 % 7.0 % 7.3 % 6.7 %

Share Transactions (Tables)

Share Transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Summary of Total Shares Issued and Proceeds Received	The following table summarizes the total shares issued and proceeds received during the six months ended June 30, 2024: Period Ended Shares Issued Proceeds Received March 31, 2024 21,853 $ 532,335 June 30, 2024 158,415 3,859,000 180,268 $ 4,391,335 The following table summarizes the total shares issued and proceeds received during the six months ended June 30, 2023: Period Ended Shares Issued Proceeds Received March 31, 2023 44,339 $ 1,088,965 June 30, 2023 18,186 445,000 62,525 $ 1,533,965
Summary of Distribution Declarations and Common Shares Issued Pursuant to Distribution Reinvestment Plan	The following table summarizes the distribution declarations and common shares issued pursuant to the distribution reinvestment plan for the six months ended June 30, 2024: Date Declared Record Date Payment Date Amount Per Share Distribution Declared DRP Shares Issued March 1, 2024 March 5, 2024 March 21, 2024 $ 0.77 $ 8,116,595 79,402 May 9, 2024 May 14, 2024 June 20, 2024 0.70 7,325,374 50,065 $ 1.47 $ 15,441,969 129,467 The following table summarizes the distribution declarations and common shares issued pursuant to the distribution reinvestment plan for the six months ended June 30, 2023: Date Declared Record Date Payment Date Amount Per Share Distribution Declared DRP Shares Issued March 2, 2023 March 2, 2023 March 23, 2023 $ 0.58 $ 7,007,486 178,875 May 11, 2023 May 16, 2023 June 22, 2023 0.60 7,037,746 179,607 $ 1.18 $ 14,045,232 358,482
Summary of Share Repurchases	The following table presents the share repurchases completed during the six months ended June 30, 2024: Tender Offer Tender Offer Expiration Tender Offer Price Paid per Share Total Number of Shares Repurchased Maximum Number of Shares that may yet be purchased under the repurchase plan (1) January 12, 2024 February 9, 2024 736,400 $ 24.36 677,139 — April 15, 2024 May 10, 2024 531,022 $ 24.36 314,031 — 991,170 (1) All repurchase requests were satisfied in full. The following table presents the share repurchases completed during the six months ended June 30, 2023: Tender Offer Tender Offer Expiration Tender Offer Price Paid per Share Total Number of Shares Repurchased Maximum Number of Shares that may yet be purchased under the repurchase plan (1) January 13, 2023 February 10, 2023 622,786 $ 24.56 418,189 — April 17, 2023 May 12, 2023 613,037 $ 24.47 549,357 — 967,546 (1) All repurchase requests were satisfied in full.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Summary of Computation of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net increase in net assets resulting from operations $ 3,300,525 $ 8,677,416 $ 11,447,099 $ 14,559,052 Weighted average common shares outstanding—basic and diluted 10,615,859 11,997,347 10,730,759 12,147,378 Net increase in net assets resulting from operations per common share—basic and diluted $ 0.31 $ 0.72 $ 1.07 $ 1.20

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Jun. 30, 2024
Investment Company, Financial Highlights [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights for the six months ended June 30, 2024 and 2023: Six Months Ended June 30, 2024 2023 Per share data: Net asset value, beginning of period $ 24.36 $ 24.56 Results of operations: Net investment income (loss) (1) 1.53 1.22 Net realized and unrealized gain (loss) (6) ( 0.44 ) 0.01 Net increase (decrease) in net assets resulting from operations (1) 1.09 1.23 Shareholder distributions: (2) Distributions from net investment income ( 1.47 ) ( 1.18 ) Net decrease in net assets resulting from shareholder distributions ( 1.47 ) ( 1.18 ) Net asset value, end of period $ 23.98 $ 24.61 Shares outstanding, end of period 10,514,884 11,909,184 Total return based on net asset value (3) 4.47 % 5.08 % Ratio/Supplemental Data: Net assets, end of period $ 252,106,718 $ 293,035,250 Ratio of net investment income (loss) to average net assets (4) 13.46 % 10.90 % Ratio of total expenses to average net assets (4) 11.53 % 11.12 % Ratio of net expenses to average net assets (4) 11.72 % 10.82 % Average debt outstanding $ 256,704,918 $ 237,950,549 Portfolio turnover 14 % 7 % Total amount of senior securities outstanding $ 226,000,000 $ 255,000,000 Asset coverage per unit (5) $ 2,116 $ 2,149 (1) The per share data was derived using weighted average shares outstanding during the period. (2) The per share data for distributions reflects the actual amount of distributions paid during the period. (3) Total return based on net asset value is calculated as the change in net asset value per share during the period, and reflects reinvestment of any distributions to common shareholders. Total return is not annualized. (4) The computation of average net assets during the period is based on averaging net assets for the period reported. Ratio, excluding incentive fees, and nonrecurring expenses and waivers, such as organization and offering costs and reimbursement of expense support to the Adviser, is annualized. Net expenses include reimbursement of expense support to the Adviser for the six months ended June 30, 2024. Net expenses include incentive fee waiver from the Adviser for the six months ended June 30, 2023. (5) Asset coverage per unit is the ratio of the carrying value of the Company’s consolidated total assets, less 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 and is calculated on a consolidated basis. (6) The amount shown at this caption is the balancing figure derived from the other figures in the schedule. The amount shown at this caption is derived from total change in net asset value during the period and differs from the amount calculated using average shares because of the timing of issuances of the Company’s shares in relation to changes in net asset value during the period.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Commitments to Fund Investments	As of June 30, 2024 and December 31, 2023, the Company had the following outstanding commitments to fund investments in current portfolio companies: June 30, 2024 December 31, 2023 Unfunded delayed draw term loan commitments $ 3,494,159 $ 3,926,790 Unfunded revolver obligations 14,139,985 15,736,196 $ 17,634,144 $ 19,662,986

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) Segment
Accounting Policies [Abstract]
Number of reporting segment | Segment	1
Minimum percentage of investment company taxable income distribute to shareholders for each taxable year to qualify for RIC tax treatment	90%
Percentage of nondeductible federal excise tax on undistributed income	4%
Description of excise tax distribution requirements	Company is subject to a 4% nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (2) 98.2% of capital gains in excess of capital losses (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. For this purpose, however, any net ordinary income or capital gains retained by the Company that is subject to corporate income tax is considered to have been distributed. The Company, at its discretion, may carry forward taxable income in excess of calendar year distributions and pay a 4% nondeductible U.S. federal excise tax on this income.
Provision for income tax for uncertain tax positions | $	$ 0
Foreign currency translation, description	Amounts denominated in foreign currencies are translated into U.S. dollars on the following basis: (1) all assets and liabilities denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates effective on the date of valuation; and (2) purchases and sales of investments, borrowings and repayments of such borrowings, and income and expense items denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. The portion of gains and losses on foreign investments resulting from fluctuations in foreign currencies is included in net realized and unrealized gain or loss from investments.

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)					3 Months Ended		6 Months Ended		9 Months Ended	12 Months Ended
	Oct. 01, 2023	Jul. 01, 2023	May 05, 2023	Sep. 08, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2021	Dec. 31, 2023
Related Party Transaction [Line Items]
Administrative fees					$ 250,000	$ 278,000	$ 500,000	$ 556,000
Percentage of incentive fee on capital gains	12.50%								15%
Management fee					788,189	1,653,136	$ 1,598,394	3,299,314
Subordinated incentive fee	0%						0%
Percentage of pre incentive fee net investment income	100%						100%
Incentive fee percentage of pre incentive net fee investment income	15%						15%
Incentive fees					711,287	1,531,309	$ 1,888,428	3,861,223
Incentive fee waiver								900,000
Maximum outstanding principal amount of loan					420,000,000		420,000,000				$ 420,000,000
Reimbursement payment made to adviser					$ 0		500,000			$ 1,959,766
Remaining outstanding balance agreed to waive reimbursement payment to adviser							$ 900,000
Percentage of management fee to be payable on net assets		1.25%
Maximum
Related Party Transaction [Line Items]
Incentive fee percentage of pre incentive net fee investment income	15%						15%
Minimum
Related Party Transaction [Line Items]
Incentive fee percentage of pre incentive net fee investment income	12.50%						12.50%
Onex Falcon Investment Advisors, LLC
Related Party Transaction [Line Items]
Number of shares held by affiliated entity					609,508		609,508				653,383
Percentage of shares held by affiliated entitie					5.80%		5.80%				5.80%
Onex Credit Finance Corporation
Related Party Transaction [Line Items]
Maximum outstanding principal amount of loan				$ 80,000,000
Line of credit term				2 years
Onex Credit Finance II Corporation
Related Party Transaction [Line Items]
Maximum outstanding principal amount of loan			$ 80,000,000
Line of credit term			2 years
Line of credit, Interest rate description							SOFR plus a spread of 2.60%
SOFR | Onex Credit Finance Corporation
Related Party Transaction [Line Items]
Interest on loan				2.60%
Line of credit, Interest rate description							SOFR plus a spread of 2.60%
SOFR | Onex Credit Finance II Corporation
Related Party Transaction [Line Items]
Interest on loan			2.60%
Administration Agreement
Related Party Transaction [Line Items]
Administrative fees					$ 300,000	300,000	$ 500,000	$ 600,000
Investment Advisory Agreement
Related Party Transaction [Line Items]
Investment advisory agreement terms							The Investment Advisory Agreement will be in effect for a period of two years from its effective date and will remain in effect from year-to-year thereafter if approved annually by (i) the vote of the Board, or by the vote of a majority of the outstanding voting securities of the Company, and (ii) the vote of a majority of the Company’s Board who are not parties to the Investment Advisory Agreement or “interested persons” of the Company, of the Adviser or of any of their respective affiliates, as defined in the 1940 Act. The Investment Advisory Agreement may be terminated at any time, without the payment of any penalty, upon 60 days’ written notice and, in certain circumstances, upon 120 days’ written notice, by the vote of a majority of the outstanding voting shares of the Company or by the vote of the Board or by the Adviser.On August 7, 2024, the Board renewed the Investment Advisory Agreement. Unless earlier terminated as described herein, the Investment Advisory Agreement will remain in effect until August 7, 2025.
Investment advisory agreement effective term							2 years
Annual Rate of Percentage of Assets								1.25%
Management fee					$ 800,000	$ 1,700,000	$ 1,600,000	$ 3,300,000
Incentive Fee, Description							The incentive fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on the Company’s income (such fee referred to herein as the “Subordinated Incentive Fee on Income”) and a portion is based on the Company’s capital gains (such fee referred to herein as the “Incentive Fee on Capital Gains”)
Organization and offering costs							$ 800,000

Related Party Transaction - Sum

Related Party Transaction - Summary of Expense Payment Subject to Reimbursement (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2021
Noninterest Expense [Abstract]
Advisor Expense Payment			$ 2,858,000
Reimbursement payment made to adviser	$ 0	$ 500,000	1,959,766
Unreimbursed expense payment waived by adviser			$ 898,234
Eligible Reimbursement Period			Dec. 31, 2024

Investments and Fair Value Me_3

Investments and Fair Value Measurements - Schedule of Investment Portfolio at Amortized cost and Fair Value (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Amortized Cost	$ 509,784,541	$ 541,963,717
Fair Value	497,524,914	533,065,800
Senior Secured Loans
Summary of Investment Holdings [Line Items]
Amortized Cost		532,378,544
Fair Value		526,032,489
Equity
Summary of Investment Holdings [Line Items]
Amortized Cost	9,748,921	9,585,173
Fair Value	$ 6,555,056	$ 7,033,311

Investments and Fair Value Me_4

Investments and Fair Value Measurements - Schedule of Investment Portfolio by Industry (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Fair Value	$ 497,524,914	$ 533,065,800
Percentage		100%
Automotive
Summary of Investment Holdings [Line Items]
Fair Value		$ 19,279,402
Percentage		3.60%
Beverage, Food & Tobacco
Summary of Investment Holdings [Line Items]
Fair Value	12,319,910	$ 16,823,761
Percentage		3.20%
Business Services
Summary of Investment Holdings [Line Items]
Fair Value	85,367,735	$ 87,305,356
Percentage		16.40%
Construction & Building
Summary of Investment Holdings [Line Items]
Fair Value	13,181,264	$ 13,446,800
Percentage		2.50%
Consumer Goods: Durable
Summary of Investment Holdings [Line Items]
Fair Value	48,800,714	$ 51,235,893
Percentage		9.60%
Consumer Goods: Non-durable
Summary of Investment Holdings [Line Items]
Fair Value	37,406,809	$ 42,071,990
Percentage		7.90%
Consumer Services
Summary of Investment Holdings [Line Items]
Fair Value	11,647,284	$ 8,699,485
Percentage		1.60%
Financial Services
Summary of Investment Holdings [Line Items]
Fair Value	9,992,687
Forest Products & Paper
Summary of Investment Holdings [Line Items]
Fair Value	10,611,430	$ 10,917,405
Percentage		2%
Healthcare & Pharmaceuticals
Summary of Investment Holdings [Line Items]
Fair Value		$ 94,446,748
Percentage		17.80%
High Tech Industries
Summary of Investment Holdings [Line Items]
Fair Value	88,392,939	$ 90,843,387
Percentage		17.10%
Insurance
Summary of Investment Holdings [Line Items]
Fair Value	28,898,369	$ 29,096,663
Percentage		5.50%
Sovereign & Public Finance
Summary of Investment Holdings [Line Items]
Fair Value	20,006,751	$ 33,027,815
Percentage		6.20%
Telecommunications
Summary of Investment Holdings [Line Items]
Fair Value	2,928,000
Transportation: Cargo
Summary of Investment Holdings [Line Items]
Fair Value	20,687,035	$ 20,504,652
Percentage		3.80%
Wholesale
Summary of Investment Holdings [Line Items]
Fair Value	$ 13,919,024	$ 15,366,443
Percentage		2.80%

Investments and Fair Value Me_5

Investments and Fair Value Measurements - Schedule of Investment Portfolio by Geographic Composition (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Fair Value	$ 497,524,914	$ 533,065,800
Percentage		100%
United States
Summary of Investment Holdings [Line Items]
Fair Value		$ 531,815,989
Percentage		99.80%
Canada
Summary of Investment Holdings [Line Items]
Fair Value	$ 1,243,329	$ 1,249,811
Percentage		0.20%

Investments and Fair Value Me_6

Investments and Fair Value Measurements - Summary of Fair Value Hierarchy of Investment Portfolio (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Total Investments	$ 497,524,914	$ 533,065,800
Level 2
Summary of Investment Holdings [Line Items]
Total Investments		16,921,875
Level 3
Summary of Investment Holdings [Line Items]
Total Investments		516,143,925
Senior Secured Loans
Summary of Investment Holdings [Line Items]
Total Investments		526,032,489
Senior Secured Loans | Level 2
Summary of Investment Holdings [Line Items]
Total Investments		16,921,875
Senior Secured Loans | Level 3
Summary of Investment Holdings [Line Items]
Total Investments		509,110,614
Equity
Summary of Investment Holdings [Line Items]
Total Investments	6,555,056	7,033,311
Equity | Level 3
Summary of Investment Holdings [Line Items]
Total Investments	$ 0	$ 7,033,311

Investments and Fair Value Me_7

Investments and Fair Value Measurements - Summary of Changes in Fair Value of Investments for Which Level 3 Inputs Were Used to Determine Fair Value (Details) - Level 3 - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance as of January 1	$ 516,143,925	$ 487,209,293
Purchases and drawdowns of investments	27,490,619	49,709,709
Proceeds from principal pre-payments and sales of investments	(103,028,457)	(33,307,163)
Payment-in-kind	1,205,072	712,165
Net accretion of discount on investments	806,497	1,081,105
Net change in unrealized appreciation (depreciation) on investments	1,120,931	541,509
Net realized gain (loss) on investments	(1,649,285)	579,375
Transfers out of Level 3		(24,132,031)
Balance as of June 30	442,089,302	482,393,962
Net change in unrealized appreciation (depreciation) on Level 3 investments still held	(601,525)	541,509
Senior Secured Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance as of January 1	509,110,614	478,620,993
Purchases and drawdowns of investments	27,326,871	49,573,672
Proceeds from principal pre-payments and sales of investments	(103,028,457)	(33,307,163)
Payment-in-kind	1,205,072	712,165
Net accretion of discount on investments	806,497	1,081,105
Net change in unrealized appreciation (depreciation) on investments	1,762,934	2,030,906
Net realized gain (loss) on investments	(1,649,285)	579,375
Transfers out of Level 3		(24,132,031)
Balance as of June 30	435,534,246	475,159,022
Net change in unrealized appreciation (depreciation) on Level 3 investments still held	40,478	2,030,906
Equity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance as of January 1	7,033,311	8,588,300
Purchases and drawdowns of investments	163,748	136,037
Net change in unrealized appreciation (depreciation) on investments	(642,003)	(1,489,397)
Balance as of June 30	6,555,056	7,234,940
Net change in unrealized appreciation (depreciation) on Level 3 investments still held	$ (642,003)	$ (1,489,397)

Investments and Fair Value Me_8

Investments and Fair Value Measurements - Summary of Valuation Techniques and Significant Unobservable Inputs Used in Valuation of Level 3 Investments (Details) - Level 3	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 442,089,302	$ 516,143,925
Enterprise Value Waterfall | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	13,748,826
Senior Secured Loans | Discounted Cash Flow | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 248,795,848	$ 382,741,551
Impact to valuation from an increase in input	Decrease	Decrease
Senior Secured Loans | Discounted Cash Flow | Discount Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	5.8	6.2
Senior Secured Loans | Discounted Cash Flow | Discount Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	25.3	108.9
Senior Secured Loans | Discounted Cash Flow | Discount Rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	10.2	12.4
Senior Secured Loans | Yield Analysis | Market Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 139,368,282	$ 76,718,361
Impact to valuation from an increase in input	Decrease	Decrease
Senior Secured Loans | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	5.4	11.2
Senior Secured Loans | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	14.2	16.4
Senior Secured Loans | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	10.6	12.6
Senior Secured Loans | Recent Transactions | Transaction Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 33,621,290	$ 49,650,702
Senior Secured Loans | Enterprise Value Waterfall | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 13,748,826
Range	11.3
Impact to valuation from an increase in input	Increase
Senior Secured Loans | Enterprise Value Waterfall | EBITDA Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	11.3
Equity | Enterprise Value Waterfall | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 6,555,056	$ 7,033,311
Impact to valuation from an increase in input	Increase	Increase
Equity | Enterprise Value Waterfall | EBITDA Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	11.3	12.5
Equity | Enterprise Value Waterfall | EBITDA Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	15	15.4
Equity | Enterprise Value Waterfall | EBITDA Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Range	13.8	14.2

Investments and Fair Value Me_9

Investments and Fair Value Measurements - Additional Information (Details) - Level 3 - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Fair Value	$ 442,089,302	$ 516,143,925
EBITDA Multiple | Enterprise Value Waterfall
Summary of Investment Holdings [Line Items]
Fair Value	$ 13,748,826

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - SPV Facility - Onex Falcon Direct Lending BDC SPV LLC - USD ($) $ in Millions			1 Months Ended	3 Months Ended	6 Months Ended
	Jul. 14, 2022	Oct. 04, 2021	Jul. 13, 2022	Jun. 27, 2022	Jun. 30, 2024	Jan. 13, 2023	Apr. 04, 2022	Apr. 04, 2023
Debt Instrument [Line Items]
Amount available under credit facility		$ 100						$ 340
Minimum commitment fee percentage	0.20%		75%	37.50%			0%
Line of credit facility, Commitment fee description					ODL SPV will also pay an unused commitment fee at rate of (1) 1.00% if the amount drawn under the SPV Facility is less than the minimum commitment usage (the “Minimum Commitment Usage”) and (2) 0.40% if the amount drawn under the SPV Facility is greater than or equal to the Minimum Commitment Usage. The Minimum Commitment Usage is equal to (1) 0.0% for the first six months ended April 4, 2022; (2) 37.5% for the period from April 5, 2022 through June 27, 2022; (3) 75% for the period from June 28, 2022 through July 13, 2022; (4) $150.0 million for the period from July 14, 2022 through January 13, 2023; and (5) $255.0 million thereafter. The Company also pays a fee of 0.20% per annum on the outstanding balance under the SPV Facility beginning on July 14, 2022. The SPV Facility terminates on October 2, 2026.
Commitment fee amount					$ 255	$ 150
Minimum
Debt Instrument [Line Items]
Unused commitment fee percentage		0.40%
Maximum
Debt Instrument [Line Items]
Unused commitment fee percentage		1%
SOFR
Debt Instrument [Line Items]
Debt instrument interest rate description					SOFR plus a spread of 1.75%
SOFR | Minimum
Debt Instrument [Line Items]
Interest on loan		1.75%
SOFR | Maximum
Debt Instrument [Line Items]
Interest on loan		2.40%

Borrowings - Summary of Debt Ob

Borrowings - Summary of Debt Obligations (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Debt Instrument [Line Items]
Total Borrowing Capacity	$ 420,000,000	$ 420,000,000
Principal Outstanding	226,000,000	263,000,000	$ 255,000,000
SPV Facility
Debt Instrument [Line Items]
Total Borrowing Capacity	340,000,000	340,000,000
Principal Outstanding	226,000,000	263,000,000
Revolving OCF II Loan
Debt Instrument [Line Items]
Total Borrowing Capacity	$ 80,000,000	$ 80,000,000

Borrowings - Schedule of Compon

Borrowings - Schedule of Components of Interest Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest Expense, Debt [Abstract]
Interest expense	$ 4,934,599	$ 4,872,607	$ 10,363,374	$ 8,998,886
Amortization of Debt Issuance Costs	277,916	277,916	555,833	555,833
Total interest and credit facility expense	5,212,515	5,150,523	10,919,207	9,554,719
Average debt outstanding	$ 241,500,000	$ 255,000,000	$ 256,704,918	$ 237,950,549
Weighted average interest rate	7.20%	7%	7.30%	6.70%

Share Transactions - Additional

Share Transactions - Additional Information (Details) - $ / shares	3 Months Ended
	Mar. 31, 2023	Jun. 30, 2024	Dec. 31, 2023
Deferred Compensation Arrangement with Individual, Share-Based Payments [Line Items]
Common shares, par value		$ 0.001	$ 0.001
Maximum
Deferred Compensation Arrangement with Individual, Share-Based Payments [Line Items]
Share repurchase outstanding percentage	5%

Share Transactions - Summary of

Share Transactions - Summary of Total Shares Issued and Proceeds (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Transactions [Abstract]
Common shares issued	158,415	21,853	18,186	44,339	180,268	62,525
Proceeds Received	$ 3,859,000	$ 532,335	$ 445,000	$ 1,088,965	$ 4,391,335	$ 1,533,965

Share Transactions - Summary _2

Share Transactions - Summary of Distribution Declarations and Common Shares Issued Pursuant to the Distribution Reinvestment Plan (Details) - Cash Distribution - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Amount Per Share	$ 1.47	$ 1.18
Distribution Declared	$ 15,441,969	$ 14,045,232
DRP Shares Issued	129,467	358,482
March 1, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Date Declared	Mar. 01, 2024
Amount Per Share	$ 0.77
Distribution Declared	$ 8,116,595
DRP Shares Issued	79,402
March 5, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Record Date	Mar. 05, 2024
March 21, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Payment Date	Mar. 21, 2024
May 9, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Date Declared	May 09, 2024
Amount Per Share	$ 0.7
Distribution Declared	$ 7,325,374
DRP Shares Issued	50,065
May 14, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Record Date	May 14, 2024
June 20, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Payment Date	Jun. 20, 2024
March 2, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Date Declared		Mar. 02, 2023
Record Date		Mar. 02, 2023
Amount Per Share		$ 0.58
Distribution Declared		$ 7,007,486
DRP Shares Issued		178,875
March 23, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Payment Date		Mar. 23, 2023
May 11, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Date Declared		May 11, 2023
Amount Per Share		$ 0.6
Distribution Declared		$ 7,037,746
DRP Shares Issued		179,607
May 16, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Record Date		May 16, 2023
June 22, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Record Date		Jun. 22, 2023

Share Transactions - Summary _3

Share Transactions - Summary of Share Repurchases (Details) - $ / shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Total Number of Shares Repurchased	991,170	967,546
January 12, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Tender Offer Date	Jan. 12, 2024
Tender Offer Expiration	Feb. 09, 2024
Tender Offer	736,400
Price Paid per Share	$ 24.36
Total Number of Shares Repurchased	677,139
April 15, 2024
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Tender Offer Date	Apr. 15, 2024
Tender Offer Expiration	May 10, 2024
Tender Offer	531,022
Price Paid per Share	$ 24.36
Total Number of Shares Repurchased	314,031
January 13, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Tender Offer Date		Jan. 13, 2023
Tender Offer Expiration		Feb. 10, 2023
Tender Offer		622,786
Price Paid per Share		$ 24.56
Total Number of Shares Repurchased		418,189
April 17, 2023
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Tender Offer Date		Apr. 17, 2023
Tender Offer Expiration		May 12, 2023
Tender Offer		613,037
Price Paid per Share		$ 24.47
Total Number of Shares Repurchased		549,357

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net increase in net assets resulting from operations	$ 3,300,525	$ 8,677,416	$ 11,447,099	$ 14,559,052
Weighted average common shares outstanding - basic	10,615,859	11,997,347	10,730,759	12,147,378
Weighted average common shares outstanding - diluted	10,615,859	11,997,347	10,730,759	12,147,378
Net increase in net assets resulting from operations per common share - basic	$ 0.31	$ 0.72	$ 1.07	$ 1.2
Net increase in net assets resulting from operations per common share - diluted	$ 0.31	$ 0.72	$ 1.07	$ 1.2

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Income Tax Contingency [Line Items]
Excise tax rate on taxable income carry forward	4%
Deferred tax assets	$ 0.8	$ 0.6
Deferred tax assets valuation allowance	$ 0.8	$ 0.6

Financial Highlights - Schedule

Financial Highlights - Schedule of Financial Highlights (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Investment Company, Financial Highlights [Roll Forward]
Net asset value, beginning of period			$ 24.36	$ 24.56
Results of operations:
Net investment income (loss)	$ 0.77	$ 0.63	1.53	1.22
Net realized and unrealized gain (loss)			(0.44)	0.01
Net increase (decrease) in net assets resulting from operations			1.09	1.23
Shareholder distributions:
Distributions from net investment income			(1.47)	(1.18)
Net decrease in net assets resulting from shareholder distributions			(1.47)	(1.18)
Net asset value, end of period	$ 23.98	$ 24.61	$ 23.98	$ 24.61
Ending balance, shares	10,514,884	11,909,184	10,514,884	11,909,184
Total return based on net asset value			4.47%	5.08%
Ratio/Supplemental Data:
Ending balance	$ 252,106,718	$ 293,035,250	$ 252,106,718	$ 293,035,250
Ratio of net investment income (loss) to average net assets			13.46%	10.90%
Ratio of total expenses to average net assets			11.53%	11.12%
Ratio of net expenses to average net assets			11.72%	10.82%
Average debt outstanding	241,500,000	255,000,000	$ 256,704,918	$ 237,950,549
Portfolio turnover			14%	7%
Total amount of senior securities outstanding	$ 226,000,000	$ 255,000,000	$ 226,000,000	$ 255,000,000	$ 263,000,000
Asset coverage per unit			$ 2,116	$ 2,149

Financial Highlights - Schedu_2

Financial Highlights - Schedule of Financial Highlights (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2024 USD ($)
Investment Company, Financial Highlights [Abstract]
Asset coverage per unit expressed in terms of dollar amounts per indebtedness	$ 1,000

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Outstanding Commitments to Fund Investments (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Unfunded commitment	$ 17,634,144	$ 19,662,986
Delayed Draw Term Loan
Other Commitments [Line Items]
Unfunded commitment	3,494,159	3,926,790
Revolver
Other Commitments [Line Items]
Unfunded commitment	$ 14,139,985	$ 15,736,196

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event	Aug. 07, 2024 $ / shares
Subsequent Event [Line Items]
Dividend declared per share	$ 0.68
Dividends payable, date declared	Aug. 07, 2024
Dividends payable, date of record	Aug. 13, 2024
Dividends payable, date to be paid	Sep. 19, 2024