Redwood Enhanced Income 10-Q 12 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 12, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Securities Act File Number	814-01508
Entity Registrant Name	REDWOOD ENHANCED INCOME CORP.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	88-0824777
Entity Address, Address Line One	250 West 55th Street
Entity Address, Address Line Two	26th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	970-1400
Title of 12(g) Security	Common Stock, par value $0.001 per share
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,703,635
Entity Central Index Key	0001870267
Document Fiscal Period Focus	Q2
No Trading Symbol Flag	true
Amendment Flag	false

Statements of Assets and Liabil

Statements of Assets and Liabilities - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Non-controlled investments, at fair value	$ 403,260	$ 359,122
Cash and cash equivalents	92	778
Restricted cash		224
Derivatives, at fair value	444	271
Receivables for securities sold	1,300
Interest and other receivables	5,240	7,198
Deferred debt issuance costs	719	1,206
Prepaid expenses and other assets		70
Total assets	411,055	368,869
Liabilities
Debt	177,020	144,491
Incentive fees payable	1,290	1,081
Interest and other debt related payables	375	958
Distributions payable	6,310	13,370
Payable for investments purchased	4,972
Payable to broker	181
Management fees payable	757	634
Accrued expenses and other liabilities	261	396
Total liabilities	191,166	160,930
Net assets	219,889	207,939
Composition of net assets applicable to common shareholders
Common stock, $0.001 par value (1,000,000,000 shares authorized, 16,604,282 and 16,304,772 shares issued and outstanding, respectively)	16	16
Paid-in capital in excess of par	238,551	234,688
Distributable earnings (deficit)	(18,678)	(26,765)
Total net assets	219,889	207,939
Total liabilities and net assets	$ 411,055	$ 368,869
Shares outstanding	16,604,282	16,304,772
Net asset value per share	$ 13.24	$ 12.75
Investments, Non-controlled/non-affiliated
Assets
Non-controlled investments, at fair value	$ 356,628	$ 331,288
Investments, Non-controlled/affiliated
Assets
Non-controlled investments, at fair value	$ 46,632	$ 27,834

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	16,604,282	16,304,772
Common stock, shares outstanding	16,604,282	16,304,772
Investments, Non-controlled/non-affiliated
Cost	$ 375,781	$ 351,267
Investments, Non-controlled/affiliated
Cost	$ 41,774	$ 24,721

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investment income:
Total investment income		$ 13,072	$ 12,158	$ 27,896	$ 21,736
Operating expenses:
Interest and other debt expenses		3,421	3,434	6,672	6,356
Management fees		832	711	1,644	1,305
Administrative expenses		54	47	99	91
Professional fees		73	88	166	165
Directors' fees		57	57	113	113
Custody and transfer agent fees		20	20	40	40
Incentive fees		1,289	191	2,871	553
Other operating expenses		91	110	156	201
Total operating expenses, before expense reimbursement and waiver		5,837	4,658	11,761	8,824
Expense reimbursement		(75)	(99)	(138)	(165)
Total operating expenses, net of expense reimbursement and waiver		5,762	4,559	11,623	8,659
Net investment income (loss)		7,310	7,599	16,273	13,077
Net realized and unrealized gain (loss) on derivatives		133	319	754	208
Realized and unrealized gain (loss):
Net realized gain (loss)				1,738	(142)
Foreign currency debt		(414)	5	(664)	96
Net realized gain (loss)		1,429	(1,466)	1,074	(46)
Change in net unrealized appreciation (depreciation)				2,882	(5,453)
Foreign currency investments		269	(28)	(313)	(133)
Foreign currency debt		2	(2)		(166)
Net change in net unrealized appreciation (depreciation)		(2,069)	(5,380)	2,569	(5,752)
Net realized and unrealized gain (loss)		(640)	(6,846)	3,643	(5,798)
Net increase (decrease) in net assets from operations		$ 6,803	$ 1,072	$ 20,670	$ 7,487
Net investment income (loss) per share, Basic		$ 0.44	$ 0.55	$ 0.98	$ 1.02
Net investment income (loss) per share, Diluted		0.44	0.55	0.98	1.02
Earnings (loss) per share, Basic	[1]	0.41	0.08	1.25	0.59
Earnings (loss) per share, Diluted		$ 0.41	$ 0.08	$ 1.25	$ 0.59
Weighted average shares outstanding - Basic		16,604,282	13,911,578	16,554,772	12,760,590
Weighted average shares outstanding - Diluted		16,604,282	13,911,578	16,554,772	12,760,590
Investments, Non-controlled/non-affiliated
Investment income:
Interest income, excluding payment-in-kind ("PIK")		$ 9,810	$ 10,911	$ 21,793	$ 20,234
PIK interest income		1,149	174	1,285	397
Other income		631	535	2,560	567
Total investment income		11,590	11,620	25,638	21,198
Realized and unrealized gain (loss):
Net realized gain (loss)		1,843	(1,471)	1,727	(142)
Change in net unrealized appreciation (depreciation)		(2,367)	(5,161)	1,139	(5,264)
Investments, Non-controlled/affiliated
Investment income:
Interest income, excluding payment-in-kind ("PIK")		1,411	538	2,081	538
PIK interest income		71		177
Total investment income		1,482	538	2,258	538
Realized and unrealized gain (loss):
Net realized gain (loss)				11
Change in net unrealized appreciation (depreciation)		$ 27	$ (189)	$ 1,743	$ (189)
[1] Computed based on the weighted average shares outstanding and capital activity during the time periods such earnings occurred.

Statements of Changes in Net As

Statements of Changes in Net Assets (Unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Investment Company, Net Assets [Roll Forward]
Beginning balance	$ 218,118	$ 207,939	$ 175,218	$ 137,807	$ 207,939	$ 137,807
Beginning balance (in shares)		16,304,772			16,304,772
Issuance of common stock			20,784			55,544
Common stock issued from reinvestment of distributions	1,278		895		$ 3,863	1,988
Distributions to shareholders	(6,310)		(5,458)		(12,583)	(10,315)
Net investment income	7,310		7,599		16,273	13,077
Net realized and unrealized gain (loss) on derivatives	133		319		754	208
Net realized gain (loss)	1,429		(1,466)		1,074	(46)
Net unrealized gain (loss)	(2,069)		(5,380)		2,569	(5,752)
Ending balance	$ 219,889	$ 218,118	$ 192,511	175,218	$ 219,889	$ 192,511
Ending balance (in shares)	16,604,282		14,362,829		16,604,282	14,362,829
Common Stock
Investment Company, Net Assets [Roll Forward]
Beginning balance	$ 16	$ 16	$ 13	$ 10	$ 16	$ 10
Beginning balance (in shares)	16,507,489	16,304,772	12,781,489	10,224,654	16,304,772	10,224,654
Issuance of common stock			$ 1			$ 4
Issuance of common stock (in shares)			1,516,047			3,991,830
Common stock issued from reinvestment of distributions (in shares)	96,793		65,293		299,510	146,345
Ending balance	$ 16	$ 16	$ 14	$ 13	$ 16	$ 14
Ending balance (in shares)	16,604,282	16,507,489	14,362,829	12,781,489	16,604,282	14,362,829
Paid-in-Capital in Excess of Par Value
Investment Company, Net Assets [Roll Forward]
Beginning balance	$ 237,273	$ 234,688	$ 187,242	$ 151,392	$ 234,688	$ 151,392
Issuance of common stock			20,783			55,540
Common stock issued from reinvestment of distributions	1,278		895		3,863	1,988
Ending balance	238,551	237,273	208,920	187,242	238,551	208,920
Distributable Earnings (Loss)
Investment Company, Net Assets [Roll Forward]
Beginning balance	(19,171)	(26,765)	(12,037)	(13,595)	(26,765)	(13,595)
Distributions to shareholders	(6,310)		(5,458)		(12,583)	(10,315)
Net investment income	7,310		7,599		16,273	13,077
Net realized and unrealized gain (loss) on derivatives	133		319		754	208
Net realized gain (loss)	1,429		(1,466)		1,074	(46)
Net unrealized gain (loss)	(2,069)		(5,380)		2,569	(5,752)
Ending balance	$ (18,678)	$ (19,171)	$ (16,423)	$ (12,037)	$ (18,678)	$ (16,423)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities
Net increase (decrease) in net assets resulting from operations	$ 20,670	$ 7,487
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of investments	(174,805)	(135,605)
Proceeds from disposition of investments	139,282	31,982
Net realized (gain) loss on investments	(1,738)	142
Net realized (gain) loss on foreign currency debt	664	(96)
Change in net unrealized (appreciation)/depreciation of investments	(2,882)	5,453
Change in net unrealized (appreciation)/depreciation of foreign currency investments	313	133
Change in net unrealized (appreciation)/depreciation of foreign currency debt		166
Net amortization of investment discounts and premiums	(1,833)	(2,122)
Amortization of deferred debt issuance costs	493	468
PIK interest and other income capitalized	(2,474)	(397)
Changes in assets and liabilities:
Decrease (increase) in derivatives, at fair value	(173)	(109)
Decrease (increase) in receivable for investments sold	(1,300)
Decrease (increase) in interest and other receivables	1,958	(1,744)
Decrease (increase) in prepaid expenses and other assets	70	248
Increase (decrease) in incentive fees payable	209	191
Increase (decrease) in interest and other debt related payables	(583)	(172)
Increase (decrease) in payable to broker	181
Increase (decrease) in payable for investments purchased	4,972	(13,883)
Increase (decrease) in management fees payable	123	101
Increase (decrease) in accrued expenses and other liabilities	(135)	90
Net cash provided by (used in) operating activities	(16,988)	(107,667)
Financing activities
Proceeds from shares of common stock sold		55,544
Debt borrowings	163,200	146,757
Debt repayments	(131,335)	(86,531)
Distribution paid	(15,779)	(8,962)
Deferred debt issuance costs paid	(8)	(75)
Net cash provided by (used in) financing activities	16,078	106,733
Net increase (decrease) in cash and cash equivalents and restricted cash	(910)	(934)
Cash and cash equivalents and restricted cash at beginning of period	1,002	3,293
Cash and cash equivalents and restricted cash at end of period	92	2,359
Supplemental cash flow information
Interest and other debt expenses paid	6,762	6,060
Other financing fees paid	75	75
Reinvestment of shareholder distributions	$ 3,863	$ 1,988

Schedule of Investments

Schedule of Investments - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Schedule of Investment - Cost
Total Investments and Cash Equivalents	$ 417,598,000	$ 376,208,000
Cash equivalents	43,000	220,000
Schedule of Investment - Fair Value
Total Investments and Cash Equivalents	403,303,000	359,342,000
Total Investments (Non-controlled/Non-affiliated/Affiliated)	403,260,000	359,122,000
Cash equivalents	$ 43,000	$ 220,000
Schedule of Investments - Percentage of Net Assets
Total Investments and Cash Equivalents	183.41%	172.81%
Cash equivalents	0.02%	0.10%
Investment, Significant Unobservable Input [true false]	true
Derivative Asset, Notional Amount	$ 12,000,000	$ 12,000
Derivative Asset	$ 444,000	$ 271,000
Qualifying Assets Required Of Acquiree At Time Of Acquisition Of Total Assets Percentage	70%	70%
Cash and Cash equivalents yield percentage	5.20%	5.20%
Aggregate acquisitions of investments	$ 174,805,000	$ 184,193,000
Aggregate dispositions of investments	$ 139,282,000	$ 92,393,000
Non-qualifying assets as percentage of total assets	15.40%	22.70%
First Lien Secured Debt
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 286,094,000	$ 254,954,000
Second Lien Secured Debt
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	25,522,000	2,012,000
Corporate Bond
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 86,109,000	92,736,000
Investments, Non-controlled/non-affiliated
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated		Investments, Non-controlled/non-affiliated
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 375,781,000	351,267,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 356,628,000	$ 331,288,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	162.18%	159.33%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 301,657,000	$ 278,077,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 286,440,000	$ 260,956,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	130.25%	125.50%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Aerospace & Defense
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 24,043,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 24,294,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	11.04%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Beverage, Food & Tobacco
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 6,763,000	$ 6,824,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 4,361,000	$ 6,223,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.98%	2.99%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Construction & Building
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 8,309,000	$ 11,682,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 8,592,000	$ 12,068,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	3.91%	5.80%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Consumer Goods: Durable
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 38,324,000	$ 24,411,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 30,603,000	$ 15,697,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	13.91%	7.55%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Consumer Goods: Non-Durable
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 9,184,000	$ 13,779,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 8,905,000	$ 13,813,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	4.05%	6.65%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Capital Equipment
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,070,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,197,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.36%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Environmental Industries
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 10,712,000	$ 10,966,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 10,851,000	$ 10,999,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	4.94%	5.28%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | FIRE: Insurance
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,045,000	$ 19,998,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,074,000	$ 20,544,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.31%	9.89%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | FIRE: Real Estate
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 19,861,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 19,910,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		9.58%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Healthcare & Pharmaceuticals
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 23,703,000	$ 30,246,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,561,000	$ 27,701,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	9.35%	13.33%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Hotel, Gaming and Leisure
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 40,141,000	$ 14,669,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 40,271,000	$ 14,523,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	18.31%	6.98%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Metal & Mining
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 18,419,000	$ 11,997,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 18,772,000	$ 12,298,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	8.54%	5.91%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Retail
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 18,780,000	$ 18,257,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 15,655,000	$ 14,971,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	7.12%	7.20%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Services: Business
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 43,573,000	$ 24,598,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 44,533,000	$ 25,255,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	20.25%	12.14%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Services: Consumer
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 17,132,000	$ 12,438,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 17,086,000	$ 12,572,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	7.77%	6.05%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Software
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 1,338,000	$ 4,761,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 1,365,000	$ 2,937,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	0.62%	1.41%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Technology Enabled Services
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 8,837,000	$ 30,967,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 7,552,000	$ 28,348,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	3.43%	13.63%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Transportation: Consumer
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 17,103,000	$ 17,473,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 17,124,000	$ 17,250,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	7.79%	8.30%
Investments, Non-controlled/non-affiliated | First Lien Secured Debt | Wholesale
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,181,000	$ 5,150,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,644,000	$ 5,847,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.57%	2.81%
Investments, Non-controlled/non-affiliated | Second Lien Secured Debt
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,729,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,147,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.43%
Investments, Non-controlled/non-affiliated | Second Lien Secured Debt | Software
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,729,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,147,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.43%
Investments, Non-controlled/non-affiliated | Corporate Bond
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 70,395,000	$ 73,190,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 67,041,000	$ 70,332,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	30.50%	33.83%
Investments, Non-controlled/non-affiliated | Corporate Bond | Construction & Building
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 4,779,000	$ 12,814,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,250,000	$ 13,426,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.39%	6.46%
Investments, Non-controlled/non-affiliated | Corporate Bond | Chemicals, Plastics, & Rubber
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 4,549,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 4,792,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		2.30%
Investments, Non-controlled/non-affiliated | Corporate Bond | Environmental Industries
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 13,462,000	$ 13,196,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 13,394,000	$ 13,447,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	6.09%	6.47%
Investments, Non-controlled/non-affiliated | Corporate Bond | Retail
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 17,314,000	$ 17,004,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 13,260,000	$ 12,647,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	6.04%	6.08%
Investments, Non-controlled/non-affiliated | Corporate Bond | Services: Consumer
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,074,000	$ 10,898,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,317,000	$ 11,320,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	9.24%	5.45%
Investments, Non-controlled/non-affiliated | Corporate Bond | Software
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 14,766,000	$ 14,729,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 14,820,000	$ 14,700,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	6.74%	7.07%
Investments, Non-controlled/affiliated
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 41,774,000	$ 24,721,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 46,632,000	$ 27,834,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	21.21%	13.38%
Investments, Non-controlled/affiliated | Pennsylvania Real Estate Investment Trust
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,160,000
Investments, Non-controlled/affiliated | Carlson Travel, Inc.
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	7,404,000	$ 5,430,000
Investments, Non-controlled/affiliated | TPC Group, Inc
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	19,068,000	22,404,000
Investments, Non-controlled/affiliated | Second Lien Secured Debt
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	21,985,000	1,749,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 22,375,000	$ 2,012,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	10.18%	0.97%
Investments, Non-controlled/affiliated | Second Lien Secured Debt | FIRE: Real Estate
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,059,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,160,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	9.17%
Investments, Non-controlled/affiliated | Second Lien Secured Debt | Services: Business
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 1,926,000	$ 1,749,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 2,215,000	$ 2,012,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.01%	0.97%
Investments, Non-controlled/affiliated | Corporate Bond
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 18,961,000	$ 22,143,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 19,068,000	$ 22,404,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	8.67%	10.77%
Investments, Non-controlled/affiliated | Corporate Bond | Chemicals, Plastics, & Rubber
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 18,961,000	$ 22,143,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 19,068,000	$ 22,404,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	8.67%	10.77%
Investments, Non-controlled/affiliated | Equity
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 828,000	$ 829,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,189,000	$ 3,418,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.36%	1.64%
Investments, Non-controlled/affiliated | Equity | Services: Business
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 828,000	$ 829,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,189,000	$ 3,418,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.36%	1.64%
Investment, Identifier [Axis]: ALCHEMY US HOLDCO 1, LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AlchemyUsHoldco1LlcMember	rweic:AlchemyUsHoldco1LlcMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Metal & Mining	Metal & Mining
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:SixMonthSofrMember	rweic:ThreeMonthSOFRMember
Floor	0.50%	0.50%
Interest Rate	6.25%	6.15%
Maturity Date	Oct. 10, 2025	Oct. 10, 2025
Par Amount	$ 12,266,000	$ 12,422,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	11,956,000	11,997,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 12,174,000	$ 12,298,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	5.54%	5.91%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Accession Risk Management Group, Inc. (fka RSC Acquisition, Inc.) (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Accession Risk Management Group, Inc. [Member]	rweic:AccessionRiskManagementGroupInc.FkaRscAcquisitionInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	FIRE: Insurance	FIRE: Insurance
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	0.75%	1%
Interest Rate	6%	6%
Maturity Date	Nov. 01, 2029	Nov. 01, 2029
Par Amount	$ 859,000	$ 4,916,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	(12,000)	(74,000)
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ (6,000)	$ (49,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		(0.02%)
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Accession Risk Management Group, Inc. (fka RSC Acquisition, Inc.) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Accession Risk Management Group, Inc. [Member]	rweic:AccessionRiskManagementGroupInc.FkaRscAcquisitionInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	FIRE: Insurance	FIRE: Insurance
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	0.75%	1%
Interest Rate	6%	6%
Maturity Date	Nov. 01, 2029	Nov. 01, 2029
Par Amount	$ 5,119,000	$ 1,084,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	5,057,000	1,078,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,080,000	$ 1,073,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.31%	0.52%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Alvaria Holdco (Cayman) (fka Atlas Purchaser, Inc.) First Lien Secured Debt One
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AlvariaHoldcoCaymanFkaAtlasPurchaserInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Software
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	0.75%
Interest rate - PIK	7%
Maturity Date	May 05, 2028
Par Amount	$ 753,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	726,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 753,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	0.34%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Alvaria Holdco (Cayman) (fka Atlas Purchaser, Inc.) First Lien Secured Debt Two
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AlvariaHoldcoCaymanFkaAtlasPurchaserInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Software
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	0.75%
Interest Rate	1%
Interest rate - PIK	5%
Maturity Date	May 05, 2028
Par Amount	$ 612,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	612,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 612,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	0.28%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Alvaria Holdco (Cayman) (fka Atlas Purchaser, Inc.) Second Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AlvariaHoldcoCaymanFkaAtlasPurchaserInc.Member
Investment, Type [Extensible Enumeration]	Second Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Software
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	0.75%
Interest Rate	1%
Interest rate - PIK	6.50%
Maturity Date	May 05, 2028
Par Amount	$ 4,937,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	3,729,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,147,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.43%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Aptim Corp. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AptimCorp.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Services: Business
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	0%
Interest Rate	7.50%
Maturity Date	May 23, 2029
Par Amount	$ 13,216,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	13,216,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 13,502,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	6.14%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Aptos Canada, Inc., Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AptosCanadaInc.Member	rweic:AptosCanadaInc.Member
Investment, Type [Extensible Enumeration]	Corporate Bond	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Software
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	rweic:OneMonthSOFRMember
Floor	1%	1%
Interest Rate	7.61%	7.61%
Maturity Date	Mar. 02, 2027	Mar. 02, 2027
Par Amount	$ 15,000,000	$ 15,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	14,766,000	14,729,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 14,820,000	$ 14,700,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	6.74%	7.07%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: At Home Group, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AtHomeGroupInc.Member	rweic:AtHomeGroupInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Retail	Retail
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	rweic:OneMonthSOFRMember
Floor	0.50%	0.50%
Interest Rate	4.36%	4.36%
Maturity Date	Jul. 24, 2028	Jul. 24, 2028
Par Amount	$ 5,668,000	$ 5,697,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	4,790,000	4,736,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 2,684,000	$ 2,459,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.22%	1.18%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: At Home Group, Inc., Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AtHomeGroupInc.Member	rweic:AtHomeGroupInc.Member
Investment, Type [Extensible Enumeration]	Corporate Bond	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Retail
Interest Rate	4.88%	4.88%
Maturity Date	Jul. 15, 2028	Jul. 15, 2028
Par Amount	$ 8,418,000	$ 8,418
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	7,032,000	6,895,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,464,000	$ 3,064,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.59%	1.47%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Athena Holdco S.A.S. (Delayed Draw Loan) (France) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		Athena Holdco S.A.S.
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		FIRE: Insurance
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthEURIBORMember
Floor		0%
Interest Rate		6.50%
Maturity Date		Apr. 18, 2030
Par Amount		$ 2,318,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		(62,000)
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ (25,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		(0.01%)
Investment, Identifier [Axis]: Athena Holdco S.A.S. (France) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		Athena Holdco S.A.S.
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		FIRE: Insurance
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthEURIBORMember
Floor		0%
Interest Rate		6.50%
Maturity Date		Apr. 18, 2030
Par Amount		$ 17,900,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		19,056,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 19,545,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		9.40%
Investment, Identifier [Axis]: Atlas Purchaser, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:AtlasPurchaserIncMember
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Software
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		0.75%
Interest Rate		5.51%
Maturity Date		May 08, 2028
Par Amount		$ 4,978,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		4,761,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 2,937,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		1.41%
Investment, Identifier [Axis]: Augusta Sportswear, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:AugustaSportswearIncMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Consumer Goods: Durable
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	1%
Interest Rate	6.50%
Maturity Date	Nov. 21, 2029
Par Amount	$ 12,469,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	12,231,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 12,100,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	5.50%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Bad Boy Mowers JV Acquisition, LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:BadBoyMowersJvAcquisitionLlcMember	rweic:BadBoyMowersJvAcquisitionLlcMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Consumer Goods: Durable	Consumer Goods: Durable
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	1%	1%
Interest Rate	6%	6%
Maturity Date	Nov. 09, 2029	Nov. 09, 2029
Par Amount	$ 11,940,000	$ 12,000,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	11,666,000	11,703,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 11,940,000	$ 11,700,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	5.43%	5.63%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Beacon Oral Specialists Management LLC (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Beacon Oral Specialists Management Llc [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Healthcare & Pharmaceuticals
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	1%
Interest Rate	6%
Maturity Date	Dec. 14, 2026
Par Amount	$ 17,500,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ (263,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	(0.12%)
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Bioceres Crop Solutions Corp. (Argentina), Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:BioceresCropSolutionsCorp.ArgentinaMember	rweic:BioceresCropSolutionsCorp.ArgentinaMember
Investment, Type [Extensible Enumeration]	Corporate Bond	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Environmental Industries
Interest Rate	5%	5%
Interest rate - PIK	4%	4%
Maturity Date	Aug. 05, 2026	Aug. 05, 2026
Par Amount	$ 13,462,000	$ 13,196
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	13,462,000	13,196,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 13,394,000	$ 13,447,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	6.09%	6.47%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: BlueHalo Global Holdings, LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:BluehaloGlobalHoldingsLlcMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Aerospace & Defense
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	1%
Interest Rate	4.75%
Maturity Date	Oct. 31, 2025
Par Amount	$ 4,956,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	4,890,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 4,897,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.23%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Brock Holdings III, LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:BrockHoldingsIiiLlcMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Capital Equipment
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	0.50%
Interest Rate	6%
Maturity Date	May 02, 2030
Par Amount	$ 5,171,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	5,070,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,197,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.36%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Carlson Travel, Inc. Equity - Common Stock
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	us-gaap:InvestmentAffiliatedIssuerMember
Investment, Issuer Name [Extensible Enumeration]	Carlson Travel, Inc.	Carlson Travel, Inc.
Investment, Type [Extensible Enumeration]	Equity	Equity
Investment, Industry Sector [Extensible Enumeration]	Services: Business
Shares	2,426,000	2,426
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 2,038,000	$ 267,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	0.93%	0.13%
Investment, Restriction Status [true false]	false
Investment, Identifier [Axis]: Carlson Travel, Inc. Equity - Preferred Equity
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	us-gaap:InvestmentAffiliatedIssuerMember
Investment, Issuer Name [Extensible Enumeration]	Carlson Travel, Inc.	Carlson Travel, Inc.
Investment, Type [Extensible Enumeration]	Equity	Equity
Investment, Industry Sector [Extensible Enumeration]	Services: Business
Shares	1,703,000	1,703
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 828,000	$ 829,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,151,000	$ 3,151,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.43%	1.51%
Investment, Restriction Status [true false]	false
Investment, Identifier [Axis]: Carlson Travel, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:ClairesStoresInc.Member
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Retail
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:OneMonthSOFRMember
Interest Rate		6.60%
Maturity Date		Dec. 18, 2026
Par Amount		$ 13,750,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		13,521,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 12,512,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		6.02%
Investment, Identifier [Axis]: Carlson Travel, Inc. Second Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	us-gaap:InvestmentAffiliatedIssuerMember
Investment, Issuer Name [Extensible Enumeration]	Carlson Travel, Inc.	Carlson Travel, Inc.
Investment, Type [Extensible Enumeration]	Second Lien Secured Debt	Second Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Services: Business
Floor	0%	0%
Interest Rate	15%
Interest rate - PIK		15%
Maturity Date	May 08, 2029	May 08, 2029
Par Amount	$ 1,926,000	$ 1,749
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	1,926,000	1,749,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 2,215,000	$ 2,012,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.01%	0.97%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Claire’s Stores, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:ClairesStoresInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Retail
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	0%
Interest Rate	6.60%
Maturity Date	Dec. 18, 2026
Par Amount	$ 14,207,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	13,990,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 12,971,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	5.90%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Covetrus, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:CovetrusInc.Member
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Healthcare & Pharmaceuticals
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		0.50%
Interest Rate		5%
Maturity Date		Oct. 13, 2029
Par Amount		$ 4,411,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		4,166,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 4,403,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		2.12%
Investment, Identifier [Axis]: Doncasters US Finance LLC (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Doncasters US Finance LLC [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Aerospace & Defense
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	2%
Interest Rate	6.50%
Maturity Date	Apr. 23, 2030
Par Amount	$ 1,419,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	(15,000)
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ (12,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	(0.01%)
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Doncasters US Finance LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Doncasters US Finance LLC [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Aerospace & Defense
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	2%
Interest Rate	6.50%
Maturity Date	Apr. 23, 2030
Par Amount	$ 14,154,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	13,849,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 14,037,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	6.38%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Electronics For Imaging, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:ElectronicsForImagingInc.Member	rweic:ElectronicsForImagingInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Technology Enabled Services	Technology Enabled Services
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	0%	0%
Interest Rate	5.10%	5.10%
Maturity Date	Jul. 23, 2026	Jul. 23, 2026
Par Amount	$ 8,963,000	$ 9,027,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	8,837,000	8,871,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 7,552,000	$ 5,428,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	3.43%	2.61%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Energy Acquisition LP (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Energy Acquisition LP [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Services: Business
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	2%
Interest Rate	6.50%
Maturity Date	May 09, 2029
Par Amount	$ 1,040,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	(20,000)
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ (21,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	(0.01%)
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Energy Acquisition LP First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Energy Acquisition LP [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Services: Business
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	2%
Interest Rate	6.50%
Maturity Date	May 09, 2029
Par Amount	$ 18,960,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	18,588,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 18,581,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	8.45%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Farfetch US Holdings Inc. (United Kingdom) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:FarfetchUSHoldingsInc.UnitedKingdomMember	rweic:FarfetchUSHoldingsInc.UnitedKingdomMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Consumer Goods: Non-Durable	Consumer Goods: Non-Durable
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	0.50%	0.50%
Interest Rate	6.25%	6.25%
Maturity Date	Oct. 20, 2027	Oct. 20, 2027
Par Amount	$ 9,601,000	$ 9,900,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	9,184,000	9,375,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 8,905,000	$ 9,372,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	4.05%	4.51%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Gannett Fleming, Inc First Lien Secured Debt - Revolver
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Gannett Fleming, Inc	Gannett Fleming, Inc
Investment, Type [Extensible Enumeration]	rweic:FirstLienSecuredDebtRevolverMember	rweic:FirstLienSecuredDebtRevolverMember
Investment, Industry Sector [Extensible Enumeration]	Construction & Building	Construction & Building
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	1%	1%
Interest Rate	6.35%	6.60%
Maturity Date	Dec. 20, 2028	Dec. 20, 2028
Par Amount	$ 1,364,000	$ 1,364,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ (4,000)
Schedule of Investments - Percentage of Net Assets
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Gannett Fleming, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Gannett Fleming, Inc	Gannett Fleming, Inc
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Construction & Building	Construction & Building
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	1%	1%
Interest Rate	6.35%	6.60%
Maturity Date	Dec. 20, 2028	Dec. 20, 2028
Par Amount	$ 8,507,000	$ 8,550,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	8,309,000	8,336,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 8,592,000	$ 8,528,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	3.91%	4.10%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Guitar Center, Inc., Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:GuitarCenterInc.Member	rweic:GuitarCenterInc.Member
Investment, Type [Extensible Enumeration]	Corporate Bond	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Retail
Interest Rate	8.50%	8.50%
Maturity Date	Jan. 15, 2026	Jan. 15, 2026
Par Amount	$ 10,888,000	$ 10,888
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	10,282,000	10,109,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 9,796,000	$ 9,583,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	4.45%	4.61%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Hornblower Holdings, LP First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Hornblower Holdings, LP [Member]	Hornblower Holdings, LP [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Transportation: Consumer	Transportation: Consumer
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	us-gaap:PrimeRateMember
Floor	1%	1%
Interest Rate	5.50%	7.13%
Maturity Date	Jul. 03, 2029	Nov. 10, 2025
Par Amount	$ 17,297,000	$ 17,326,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	17,103,000	17,473,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 17,151,000	$ 17,250,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	7.80%	8.30%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Hornblower Holdings, LP First Lien Secured Debt - Revolver
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Hornblower Holdings, LP [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Transportation: Consumer
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	1%
Interest Rate	5.50%
Maturity Date	Jul. 03, 2029
Par Amount	$ 2,703,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ (27,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	(0.01%)
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Houghton Mifflin Harcourt Co First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:HoughtonMifflinHarcourtCoMember	rweic:HoughtonMifflinHarcourtCoMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Services: Consumer	Services: Consumer
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:OneMonthSOFRMember
Floor	1%	1%
Interest Rate	8.10%	8.10%
Maturity Date	Apr. 07, 2028	Apr. 07, 2028
Par Amount	$ 12,375,000	$ 12,438,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	12,375,000	12,438,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 12,561,000	$ 12,572,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	5.71%	6.05%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Inotiv, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:InotivInc.Member	rweic:InotivInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Healthcare & Pharmaceuticals	Healthcare & Pharmaceuticals
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:SixMonthSofrMember
Floor	1%	1%
Interest Rate	6.50%	6.50%
Interest rate - PIK	0.25%	0.25%
Maturity Date	Nov. 05, 2026	Nov. 05, 2026
Par Amount	$ 11,959,000	$ 11,918,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	11,870,000	11,808,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 10,704,000	$ 11,442,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	4.87%	5.50%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Interest Rate Swap Maturity Date June 17, 2027 Derivatives
Schedule of Investments
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthUsdLIBORBBAMember	rweic:ThreeMonthUsdLIBORBBAMember
Securities Borrowed, Counterparty Name [Extensible Enumeration]	rweic:GoldmanSachsAndCo.LLCMember	rweic:GoldmanSachsAndCo.LLCMember
Schedule of Investments - Percentage of Net Assets
Derivative, Swaption Interest Rate	3.5461%	3.5461%
Derivative, Contract End Date	Jun. 17, 2027	Jun. 17, 2027
Derivative Asset, Notional Amount	$ 7,000,000	$ 7,000
Derivative Asset	$ 207,000	$ 98,000
Investment, Identifier [Axis]: Interest Rate Swap, Maturity Date July 7, 2027, Derivatives
Schedule of Investments
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthUsdLIBORBBAMember	rweic:ThreeMonthUsdLIBORBBAMember
Securities Borrowed, Counterparty Name [Extensible Enumeration]	rweic:GoldmanSachsAndCo.LLCMember	rweic:GoldmanSachsAndCo.LLCMember
Schedule of Investments - Percentage of Net Assets
Derivative, Swaption Interest Rate	2.8601%	2.8601%
Derivative, Contract End Date	Jul. 07, 2027
Derivative Asset, Notional Amount	$ 5,000,000	$ 5,000
Derivative Asset	$ 237,000	$ 173,000
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Ironhorse Purchaser, LLC	rweic:IronhorsePurchaserLlcDelayedDrawMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Environmental Industries	Environmental Industries
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	1%	1%
Interest Rate	5.25%	6.76%
Maturity Date	Sep. 30, 2027	Sep. 30, 2027
Par Amount	$ 1,043,000	$ 1,043,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ (4,000)	$ (15,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		(0.01%)
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Ironhorse Purchaser, LLC	Ironhorse Purchaser, LLC
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Environmental Industries	Environmental Industries
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	1%	1%
Interest Rate	5.25%	6.76%
Maturity Date	Sep. 30, 2027	Sep. 30, 2027
Par Amount	$ 10,522,000	$ 10,575,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	10,353,000	10,384,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 10,482,000	$ 10,426,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	4.77%	5.01%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC First Lien Secured Debt - Revolver
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Ironhorse Purchaser, LLC	rweic:IronhorsePurchaserLlcRevolverMember
Investment, Type [Extensible Enumeration]	rweic:FirstLienSecuredDebtRevolverMember	rweic:FirstLienSecuredDebtRevolverMember
Investment, Industry Sector [Extensible Enumeration]	Environmental Industries	Environmental Industries
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	1%	1%
Interest Rate	5.25%	6.76%
Maturity Date	Sep. 30, 2027	Sep. 30, 2027
Par Amount	$ 1,000,000	$ 1,000,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	359,000	582,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 373,000	$ 588,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	0.17%	0.28%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: K1 Speed, Inc (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	K1 Speed Inc [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Hotel, Gaming and Leisure
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	1%
Interest Rate	6.25%
Maturity Date	Jan. 02, 2029
Par Amount	$ 4,246,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	(28,000)
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ (85,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	(0.04%)
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: K1 Speed, Inc First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	K1 Speed Inc [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Hotel, Gaming and Leisure
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	1%
Interest Rate	6.25%
Maturity Date	Jan. 02, 2029
Par Amount	$ 20,754,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	20,317,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,339,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	9.25%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Keel Platform, LLC (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Keel Platform Llc [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Aerospace & Defense
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	0.75%
Interest Rate	5.25%
Maturity Date	Jan. 19, 2031
Par Amount	$ 1,579,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	(11,000)
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ (22,000)
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	(0.01%)
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Keel Platform, LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	Keel Platform Llc [Member]
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Aerospace & Defense
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	0.75%
Interest Rate	5.25%
Maturity Date	Jan. 19, 2031
Par Amount	$ 5,408,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	5,330,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,394,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.45%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: LSB Industries, Inc., Corporate Bond
Schedule of Investments
Investment, Issuer Name [Extensible Enumeration]		rweic:LsbIndustriesInc.Member
Investment, Type [Extensible Enumeration]		Corporate Bond
Interest Rate		6.25%
Maturity Date		Oct. 15, 2028
Par Amount		$ 5,043
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		4,549,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 4,792,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		2.30%
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:Mb2DentalSolutionsLlcMember
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Healthcare & Pharmaceuticals
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:OneMonthSOFRMember
Floor		1%
Interest Rate		6.60%
Maturity Date		Jan. 29, 2027
Par Amount		$ 9,974,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		6,525,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 6,714,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		3.23%
Investment, Identifier [Axis]: MoneyGram International Inc Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:MoneygramInternationalIncMember
Investment, Type [Extensible Enumeration]	Corporate Bond	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Services: Consumer
Interest Rate	9%	9%
Maturity Date	Jun. 01, 2030	Jun. 01, 2030
Par Amount	$ 7,721,000	$ 7,721
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	6,545,000	6,480,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 7,633,000	$ 7,586,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	3.47%	3.65%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: New AMI I (Associated Materials) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:NewAmiIAssociatedMaterialsMember
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Construction & Building
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:OneMonthSOFRMember
Floor		0.50%
Interest Rate		6%
Maturity Date		Mar. 08, 2029
Par Amount		$ 3,960,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		3,346,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 3,544,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		1.70%
Investment, Identifier [Axis]: PDS Holdco Inc. (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:PDSHoldcoInc.Member
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Healthcare & Pharmaceuticals
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		0.75%
Interest Rate		4.50%
Maturity Date		Aug. 18, 2028
Par Amount		$ 739,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		680,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 452,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		0.22%
Investment, Identifier [Axis]: PDS Holdco Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:PDSHoldcoInc.Member
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Healthcare & Pharmaceuticals
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		0.75%
Interest Rate		4.50%
Maturity Date		Aug. 18, 2028
Par Amount		$ 7,680,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		7,067,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 4,690,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		2.26%
Investment, Identifier [Axis]: PREIT Associates LP Second Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	us-gaap:InvestmentAffiliatedIssuerMember
Investment, Issuer Name [Extensible Enumeration]	rweic:PreitAssociatesLpMember
Investment, Type [Extensible Enumeration]	Second Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	FIRE: Real Estate
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	0%
Interest Rate	7%
Maturity Date	Apr. 01, 2029
Par Amount	$ 20,059,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	20,059,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,160,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	9.17%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC (Delayed Draw Loan) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		PT Intermediate Holdings III, LLC
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Services: Business
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		0.75%
Interest Rate		6.50%
Maturity Date		Nov. 01, 2028
Par Amount		$ 4,350,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		(28,000)
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 11,000
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		PT Intermediate Holdings III, LLC
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Services: Business
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		0.75%
Interest Rate		6.50%
Maturity Date		Nov. 01, 2028
Par Amount		$ 10,572,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		10,442,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 10,599,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		5.10%
Investment, Identifier [Axis]: Parfums Holding Company, Inc First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:ParfumsHoldingCompanyInc.Member
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Consumer Goods: Non-Durable
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		1.50%
Interest Rate		6.26%
Maturity Date		Jun. 30, 2026
Par Amount		$ 4,538,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		4,404,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 4,441,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		2.14%
Investment, Identifier [Axis]: Pennsylvania Real Estate Investment Trust First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		Pennsylvania Real Estate Investment Trust
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		FIRE: Real Estate
Investment, Variable Interest Rate, Type [Extensible Enumeration]		us-gaap:PrimeRateMember
Floor		0.50%
Interest Rate		6.50%
Maturity Date		Dec. 10, 2024
Par Amount		$ 14,456,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		14,456,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 14,492,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		6.97%
Investment, Identifier [Axis]: Pennsylvania Real Estate Investment Trust First Lien Secured Debt - Revolver
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		Pennsylvania Real Estate Investment Trust
Investment, Type [Extensible Enumeration]		rweic:FirstLienSecuredDebtRevolverMember
Investment, Industry Sector [Extensible Enumeration]		FIRE: Real Estate
Investment, Variable Interest Rate, Type [Extensible Enumeration]		us-gaap:PrimeRateMember
Floor		0.50%
Maturity Date		Dec. 10, 2024
Par Amount		$ 5,405,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		5,405,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 5,418,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		2.61%
Investment, Identifier [Axis]: Planet US Buyer LLC (Wood Mackenzie) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:PlanetUsBuyerLlcWoodMackenzieMember
Investment, Type [Extensible Enumeration]		First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]		Technology Enabled Services
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		0.75%
Interest Rate		6.75%
Maturity Date		Jan. 30, 2030
Par Amount		$ 22,761,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		22,141,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ 22,920,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)		11.02%
Investment, Identifier [Axis]: Planet US Buyer LLC (Wood Mackenzie) First Lien Secured Debt - Revolver
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]		Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]		rweic:PlanetUsBuyerLlcWoodMackenzieMember
Investment, Type [Extensible Enumeration]		rweic:FirstLienSecuredDebtRevolverMember
Investment, Industry Sector [Extensible Enumeration]		Technology Enabled Services
Investment, Variable Interest Rate, Type [Extensible Enumeration]		rweic:ThreeMonthSOFRMember
Floor		0.75%
Interest Rate		6.75%
Maturity Date		Jan. 30, 2030
Par Amount		$ 1,835,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ (45,000)
Investment, Identifier [Axis]: S&S Holdings, LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:SSHoldingsLLCMember	rweic:SSHoldingsLLCMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Services: Business	Services: Business
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	0.50%	0.50%
Interest Rate	5.10%	5.10%
Maturity Date	Mar. 11, 2028	Mar. 11, 2028
Par Amount	$ 12,467,000	$ 15,016,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	11,789,000	14,184,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 12,471,000	$ 14,645,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	5.67%	7.04%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: SVP Singer Holdings Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:SvpSingerHoldingsIncMember	rweic:SvpSingerHoldingsIncMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Consumer Goods: Durable	Consumer Goods: Durable
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	0.75%	0.75%
Interest Rate	8.51%	6.75%
Maturity Date	Jul. 28, 2028	Jul. 28, 2028
Par Amount	$ 16,407,000	$ 13,322,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	14,427,000	12,708,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 6,563,000	$ 3,997,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.98%	1.92%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Sonrava Health Holdings, LLC
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:SonravaHealthHoldingsLlcMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Healthcare & Pharmaceuticals
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	0.75%
Interest Rate	6.76%
Maturity Date	May 18, 2028
Par Amount	$ 4,283,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	4,048,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 4,283,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.95%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Sonrava Health Holdings, LLC One
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:SonravaHealthHoldingsLlcMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Healthcare & Pharmaceuticals
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	0.75%
Interest Rate	1.26%
Interest rate - PIK	5.50%
Maturity Date	Aug. 18, 2028
Par Amount	$ 8,397,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	7,785,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,837,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.65%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Staples, Inc. Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:StaplesInc.Member
Investment, Type [Extensible Enumeration]	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Services: Consumer
Interest Rate	10.75%
Maturity Date	Sep. 01, 2029
Par Amount	$ 9,202,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	9,089,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 8,751,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	3.98%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Staples, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:StaplesInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Services: Consumer
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember
Floor	0.50%
Interest Rate	5.75%
Maturity Date	Sep. 01, 2029
Par Amount	$ 4,954,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	4,757,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 4,525,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.06%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Stonemor, Inc., Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:StonemorInc.Member	rweic:StonemorInc.Member
Investment, Type [Extensible Enumeration]	Corporate Bond	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Services: Consumer
Interest Rate	8.50%	8.50%
Maturity Date	May 15, 2029	May 15, 2029
Par Amount	$ 4,732,000	$ 4,732
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	4,440,000	4,418,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,933,000	$ 3,734,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.79%	1.80%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: TPC Group, Inc. Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	us-gaap:InvestmentAffiliatedIssuerMember
Investment, Issuer Name [Extensible Enumeration]	TPC Group, Inc	TPC Group, Inc
Investment, Type [Extensible Enumeration]	Corporate Bond	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Chemicals, Plastics, & Rubber
Interest Rate		13%
Maturity Date	Dec. 16, 2027	Dec. 16, 2027
Par Amount	$ 18,872,000	$ 22,023
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	18,961,000	22,143,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 19,068,000	$ 22,404,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	8.67%	10.77%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Titan Purchaser, Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:TitanPurchaserInc.Member
Investment, Type [Extensible Enumeration]	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Metal & Mining
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember
Floor	1%
Interest Rate	6%
Maturity Date	Mar. 01, 2030
Par Amount	$ 6,525,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	6,463,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 6,598,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	3%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Unique Bidco AB (Sweden) First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:UniqueBidcoABSwedenMember	rweic:UniqueBidcoABSwedenMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Wholesale	Wholesale
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthEURIBORMember	rweic:OneMonthEURIBORMember
Floor	0%	0%
Interest Rate	5.25%	5.25%
Maturity Date	Mar. 11, 2029	Mar. 11, 2029
Par Amount	$ 5,577,000	$ 5,577,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	5,181,000	5,150,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,644,000	$ 5,847,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.57%	2.81%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Wellful Inc. First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:WellfulIncMember	rweic:WellfulIncMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Beverage, Food & Tobacco	Beverage, Food & Tobacco
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:OneMonthSOFRMember	rweic:OneMonthSOFRMember
Floor	0.75%	0.75%
Interest Rate	6.36%	6.25%
Maturity Date	Apr. 21, 2027	Apr. 21, 2027
Par Amount	$ 6,968,000	$ 7,061,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	6,763,000	6,824,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 4,361,000	$ 6,223,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	1.98%	2.99%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Werner FinCo LP Corporate Bond
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:WernerFincoLpMember	rweic:WernerFincoLpMember
Investment, Type [Extensible Enumeration]	Corporate Bond	Corporate Bond
Investment, Industry Sector [Extensible Enumeration]	Construction & Building
Interest Rate	11.50%	11.50%
Maturity Date	Jun. 15, 2028	Jun. 15, 2028
Par Amount	$ 4,835,000	$ 12,944
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	4,779,000	12,814,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 5,250,000	$ 13,426,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	2.39%	6.46%
Investment, Significant Unobservable Input [true false]	false
Investment, Restriction Status [true false]	true
Investment, Identifier [Axis]: Xponential Fitness LLC First Lien Secured Debt
Schedule of Investments
Investment, Issuer Affiliation [Extensible Enumeration]	Investments, Non-controlled/non-affiliated	Investments, Non-controlled/non-affiliated
Investment, Issuer Name [Extensible Enumeration]	rweic:XponentialFitnessLlcMember	rweic:XponentialFitnessLlcMember
Investment, Type [Extensible Enumeration]	First Lien Secured Debt	First Lien Secured Debt
Investment, Industry Sector [Extensible Enumeration]	Hotel, Gaming and Leisure	Hotel, Gaming and Leisure
Investment, Variable Interest Rate, Type [Extensible Enumeration]	rweic:ThreeMonthSOFRMember	rweic:ThreeMonthSOFRMember
Floor	1%	1%
Interest Rate	6.76%	6.76%
Maturity Date	Mar. 16, 2026	Feb. 28, 2025
Par Amount	$ 20,017,000	$ 14,853,000
Schedule of Investment - Cost
Total Investments (Non-controlled/Non-affiliated/Affiliated)	19,852,000	14,669,000
Schedule of Investment - Fair Value
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,017,000	$ 14,523,000
Schedule of Investments - Percentage of Net Assets
Total Investments (Non-controlled/Non-affiliated/affiliated)	9.10%	6.98%
Investment, Significant Unobservable Input [true false]	true
Investment, Restriction Status [true false]	true

Organization and Nature of Oper

Organization and Nature of Operations	6 Months Ended
	Jun. 30, 2024
Organization and Nature of Operations
Organization and Nature of Operations	1. Organization and Nature of Operations Redwood Enhanced Income Corp. (the “Company,” “we” or “our”), a Maryland corporation incorporated on June 21, 2021, is an externally managed, non-diversified closed-end 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 elected to be treated for federal income tax purposes, and intends to qualify annually thereafter, as a regulated investment company (“RIC”) as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). As a RIC, the Company generally does not pay corporate-level federal income taxes on its income to the extent that it distributes such income each year and satisfies other applicable income tax requirements. Redwood Capital Management, LLC (the “Adviser”) is our investment adviser, effective March 31, 2022, pursuant to an investment advisory agreement entered into between the Company and the Adviser. On September 30, 2022, the Company and the Adviser entered into an Amended and Restated Investment Advisory Agreement (the “Investment Advisory Agreement”). Redwood Capital Management, LLC, as our administrator (the “Administrator”), provides, among other things, administrative services and facilities to the Company pursuant to an administration agreement (the “Administration Agreement”) entered into between the Company and the Administrator. Furthermore, the Administrator offers to provide, on our behalf, managerial assistance to those portfolio companies, or an affiliate thereof to which we are required to provide such assistance. Our investment objective is to seek current income as well as capital appreciation, while emphasizing the preservation of capital. The Company’s focus is fixed income investments, primarily in the senior layers of the capital structure of leveraged companies. These investments primarily consist of loans and bonds, sourced either through direct investments, the syndicated market or through trading in the secondary market. In connection with the Company’s debt investments, the Company may also receive equity interests such as options, warrants or other instruments as additional consideration. The Company generally expects to invest in middle market companies, which the Adviser considers to be companies with annual earnings before interest, taxes, depreciation and amortization (“EBITDA”) of between $50 million and $300 million. The Company may also invest in smaller or larger companies if an attractive opportunity presents itself, particularly during periods of market dislocation. The companies in which the Company intends to invest typically are highly leveraged, and, in most cases, not rated by national rating agencies. If such companies were rated, the Adviser believes that they would typically receive a rating below investment grade (between BB and CCC under the Standard & Poor’s system) from the national securities rating organizations. Securities rated below investment grade are often referred to as “leveraged loans” or “high yield” securities or “junk bonds” and are often higher risk and have speculative characteristics as compared to investment grade debt instruments.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The following is a summary of the significant accounting and reporting policies used in preparing the unaudited interim financial statements. Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) as contained within the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting. The Company is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies in the FASB ASC Topic 946, Financial Services – Investment Companies 2. Summary of Significant Accounting Policies (Continued) The Company’s first fiscal period ended on December 31, 2022. Use of Estimates The preparation of the unaudited interim 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 unaudited interim financial statements, as well as the reported amounts of revenues and expenses during the reporting period presented. Although management believes these estimates and assumptions to be reasonable, actual results could differ from those estimates and such differences could be material. Cash and Cash Equivalents The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and near maturity that present insignificant risk of changes in value because of changes in interest rates. Generally, only securities with a maturity of three months or less from the date of purchase would qualify, with limited exceptions. The Company deems that certain money market funds, U.S. Treasury bills, repurchase agreements and other high-quality, short-term debt securities would qualify as cash equivalents. The Company maintains its cash in a bank account, which, at times, may exceed federally insured limits. As of both June 30, 2024 and December 31, 2023, our cash balance exceeded federally insured limits. The Adviser continuously monitors the performance of the bank where the account is held in order to manage any risk associated with such account. Cash and cash equivalents are carried at cost, which approximates fair value. Cash and cash equivalents held as of June 30, 2024 and December 31, 2023 were $92 and $778, respectively. Restricted Cash Restricted cash represents cash held by our counterparty as collateral against our derivative instruments until such contracts mature or are settled upon per agreement of buyer and seller of the contract. In accordance with ASC 230 , Statement of Cash Flows Investment Transactions Investments are recognized when the Company assumes an obligation to acquire a financial instrument and assume the risks for gains and losses related to that instrument. Investments are derecognized when the Company assumes an obligation to sell a financial instrument and forego the risks for gains or losses related to that instrument. Specifically, the Company records all security transactions on a trade date basis. Amounts for investments recognized or derecognized but not yet settled are reported as a payable for investments purchased and a receivable for investments sold, respectively, in the Statements of Assets and Liabilities. Unsettled Purchases and Sales of Investments Investment transactions are recorded based on the trade date of the transaction. As a result, unsettled purchases and sales are recorded as payables and receivables from unsettled transactions, respectively. While purchases and sales of the Company’s syndicated senior secured loans generally settle on a T+7 basis, the settlement period will sometimes extend past the scheduled settlement. In such cases, the Company generally is contractually owed and recognizes interest income equal to the applicable margin (“spread”) beginning on the T+7 date. Such income is accrued as interest receivable and is collected upon settlement of the investment transaction. Investment Classification In accordance with the provisions of the 1940 Act, the Company classifies investments by level of control. As defined in the 1940 Act, “Control Investments” are investments in those companies that the Company is deemed to “Control.” “Affiliate Investments” are investments in those companies that are “Affiliated Persons” of the Company, as defined in the 1940 Act, other than Control Investments. “Non-Control / Non-Affiliate Investments” are those that are neither Control Investments nor Affiliated Investments. Generally, under the 1940 Act, the Company is deemed to control a company in which it has invested if the Company owns more than 25.0% of the voting securities (i.e., securities with the right to elect directors) and/or has the power to exercise control over the management or policies of such portfolio company. Generally, under the 1940 Act, Affiliate Investments that are not otherwise Control Investments are defined as investments in which the Company owns at least 5.0%, up to 25.0% (inclusive), of the voting securities and does not have the power to exercise control over the management or policies of such portfolio company. 2. Summary of Significant Accounting Policies (Continued) Fair Value Measurements The Company follows guidance in ASC 820, Fair Value Measurement ASC 820 classifies the inputs used to measure these fair values into the following hierarchy: ● Level 1: Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. ● Level 2: Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. ● Level 3: Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. The Adviser’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The level assigned to the investment valuations may not be indicative of the risk or liquidity associated with investing in such investments. Because of the inherent uncertainties of valuation, the values reflected in the unaudited interim financial statements may differ materially from the values that would be received upon an actual disposition of such investments. Investment Valuation Process The Adviser, as the Company’s valuation designee (the “Valuation Designee”), undertakes a multi-step valuation process under the supervision of the Board. In calculating the value of the Company’s total assets, the Adviser values investments for which market quotations are readily available at such market quotations if they are deemed to represent fair value. Debt and equity securities that are not publicly traded, whose market price is not readily available or whose market quotations are not deemed to represent fair value are valued at fair value as determined in good faith by the Valuation Designee, under the direction of our Board of Directors. Market quotations may be deemed not to represent fair value in certain circumstances where the Adviser reasonably believes that facts and circumstances applicable to an issuer, a seller or purchaser or the market for a particular security causes current market quotes not to reflect the fair value of the security. Examples of these events could include cases in which material events are announced after the close of the market on which a security is primarily traded, when a security trades infrequently causing a quoted purchase or sale price to become stale or in the event of a “fire sale” by a distressed seller. When market quotations are not readily available, the Valuation Designee seeks to obtain fair values from independent pricing services or at bid prices obtained from at least two brokers or dealers, if available, or otherwise from a principal market maker or a primary market dealer. ​ If the Valuation Designee has a bona fide reason to believe that any such market quotes or values from independent pricing services or broker/dealers does not reflect the fair value of an investment, a fair value may be determined for such investments by the Valuation Designee in accordance with the Company’s valuation procedures. At least once annually, the Adviser will utilize an independent third-party valuation firm to assist in determining fair value of each such investment. ​ Derivative Instruments The Company recognizes all derivative instruments as assets or liabilities at fair value in its unaudited interim financial statements. Derivative contracts entered into by the Company are not designated as hedging instruments, and as a result the Company presents changes in fair value and realized gains or losses through current period earnings. 2. Summary of Significant Accounting Policies (Continued) Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process. The derivatives may require the Company to pay or receive an upfront fee or premium. These upfront fees or premiums are carried forward as cost or proceeds to the derivatives. Exchange-traded derivatives which include put and call options are valued based on the last reported sales price on the date of valuation. Over-the-counter (“OTC”) derivatives, including credit default swaps, are valued by the Adviser using quotations from counterparties. In instances where models are used, the value of the OTC derivative is derived from the contractual terms of, and specific risks inherent in, the instrument as well as the availability and reliability of observable inputs, such as credit spreads. Offsetting Assets and Liabilities The Company has elected not to offset cash collateral against the fair value of derivative contracts. The fair values of these derivatives are presented on a gross basis, even when derivatives are subject to master netting agreements. Valuation of Other Financial Assets and Financial Liabilities ASC 825, Financial Instruments Realized Gains or Losses Security transactions are accounted for on a trade date basis. Realized gains or losses on investments are calculated by using the specific identification method. Securities that have been called by the issuer are recorded at the call price on the call effective date. Investment Income Recognition The Company records interest and dividend income, adjusted for amortization of premium and accretion of discount, on an accrual basis. Some of our loans and other investments, including certain preferred equity investments, may have contractual payment-in-kind (“PIK”) interest or dividends. PIK income computed at the contractual rate is accrued into income and reflected as receivable up to the capitalization date. PIK investments offer issuers the option at each payment date of making payments in cash or in additional securities. When additional securities are received, they typically have the same terms, including maturity dates and interest rates as the original securities issued. On these payment dates, the Company capitalizes the accrued interest or dividends receivable (reflecting such amounts as the basis in the additional securities received). PIK generally becomes due at maturity of the investment or upon the investment being called by the issuer. At that point, the Company believes PIK is not fully expected to be realized, the PIK investment will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are reversed from the related receivable through interest or dividend income, respectively. The Company does not reverse previously capitalized PIK interest or dividends. Upon capitalization, PIK is subject to the fair value estimates associated with their related investments. PIK investments on non-accrual status are restored to accrual status if the Company believes that PIK is expected to be realized. Investments that are expected to pay regularly scheduled interest and/or dividends in cash are generally placed on non-accrual status when principal or interest/dividend cash payments are past due 30 days or more and/or when it is no longer probable that principal or interest/dividend cash payments will be collected. Such non-accrual investments are restored to accrual status if past due principal and interest or dividends are paid in cash, and in management’s judgment, are likely to continue timely payment of their remaining interest or dividend obligations. Interest or dividend cash payments received on non-accrual designated investments may be recognized as income or applied to principal depending upon management’s judgment. Loan origination fees, original issue discount (“OID”), and market discounts are capitalized and accreted into interest income over the respective terms of the applicable loans using the effective interest method or straight-line, as applicable. Upon the prepayment of a loan, prepayment premiums, any unamortized loan origination fees, OID, or market discounts are recorded as interest income. Other income generally includes amendment fees, bridge fees, and structuring fees which are recorded when earned. 2. Summary of Significant Accounting Policies (Continued) Foreign Currency Investments The Company may invest in instruments traded in foreign countries and denominated in foreign currencies. Such positions are converted at the respective closing foreign exchange rates in effect at June 30, 2024 and December 31, 2023, respectively, and reported in U.S. dollars. Purchases and sales of investments and revenue and expense items denominated in foreign currencies, when they occur, are translated into U.S. dollars based on the foreign exchange rates in effect on the respective dates of such transactions. The portion of gains and losses on foreign investments resulting from fluctuations in foreign currencies is included in realized and unrealized gain (loss) on foreign currency investments, in the Statements of Operations. Investments in foreign companies and securities of foreign governments may involve special risks and considerations not typically associated with investing in U.S. companies and securities of the U.S. Government. These risks include, among other things, revaluation of currencies, less reliable information about issuers, different transaction clearance and settlement practices, and potential future adverse political and economic developments. Moreover, investments in foreign companies, securities of foreign governments and their markets may be less liquid and their prices more volatile than those of comparable U.S. companies and the U.S. Government. Expenses Expenses include management fees, performance-based incentive fees, interest expense, insurance expenses, administrative service fees, legal fees, directors’ fees, audit and tax service expenses, third-party valuation fees and other general and administrative expenses. Expenses are recognized on an accrual basis. As noted in Note 6, certain expenses of the Company are subject to a cap as agreed with the Adviser. Organization and Offering Costs The Adviser has agreed to reimburse the Company organization and offering costs in an amount not to exceed $1,000. Organization and offering costs will only be borne by the Company if such expense exceeds $1,000, at which time, costs associated with the organization of the Company will be expensed as incurred. Costs associated with the offering of shares of the Company will be charged to the paid-in-capital upon the sale of shares. For both the three and six months ended June 30, 2024 and 2023, the Adviser incurred organization expenses on behalf of the Company of $0. Deferred Financing Costs and Debt Issuance Costs Deferred financing and debt issuance costs represent fees and other direct incremental costs incurred in connection with the Company’s borrowings. These expenses are deferred and amortized into interest expense over the life of the related debt instrument using the straight-line method. Deferred financing costs related to revolving credit facilities are presented separately as an asset on the Company’s Statements of Assets and Liabilities. Debt issuance costs related to any issuance of installment debt or notes are presented net against the outstanding debt balance of the related security. Distributions Distributions to common shareholders are recorded on the record date. The amount to be paid out as a distribution is determined by the Board of Directors and depends on the Company’s earnings, financial condition, maintenance of our tax treatment as a RIC, compliance with applicable BDC regulations and such factors as the Board may deem relevant from time to time. Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined in accordance with U.S. GAAP. The Company may pay distributions in excess of its taxable net investment income. This excess would be a tax-free return of capital in the period and reduce the shareholder’s tax basis in its shares. These book/tax differences are either temporary or permanent in nature. Temporary and permanent differences are primarily attributable to differences in the tax treatment of certain loans and the tax characterization of income and non-deductible expenses. These differences are generally determined in conjunction with the preparation of the Company’s annual RIC tax return. To the extent these differences are permanent, they are charged or credited to paid-in capital in excess of par or distributable earnings, as appropriate, in the period that the differences arise. The Company intends to timely distribute to its shareholders substantially all of its annual taxable income for each year, except that the Company may retain certain net capital gains for reinvestment and may carry forward taxable income for distribution in the following year and pay any applicable tax. The specific tax characteristics of the Company’s distributions will be reported to shareholders after the end of the calendar year. All distributions will be subject to available funds, and no assurance can be given that the Company will be able to declare such distributions in future periods. 2. Summary of Significant Accounting Policies (Continued) The Company has a dividend reinvestment plan that provides for reinvestment of all cash distributions declared by the Board of Directors unless a shareholder elects to “opt out” of the plan. As a result, if the Board of Directors declares a cash distribution, then the shareholders who have not “opted out” of the dividend reinvestment plan will have their cash distributions automatically reinvested in additional shares of common stock, rather than receiving the cash distribution. Shareholders who receive distributions in the form of shares of common stock will generally be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions and, for this purpose, shareholders receiving distributions in the form of stock will generally be treated as receiving distributions equal to the fair market value of the stock received through the plan; however, since their cash distributions will be reinvested, those shareholders will not receive cash with which to pay any applicable taxes. Federal and State Income Taxes We have elected to be treated as a RIC, and we intend to qualify as a RIC under the Code and operate in a manner so as to qualify for the tax treatment applicable to RICs. To qualify as a RIC, the Company must (among other requirements) meet certain source-of-income and asset diversification requirements and timely distribute to its shareholders at least 90% of its investment company taxable income, as defined by the Code, for each year. The Company (among other requirements) intends to make the requisite distributions to its shareholders, which will generally relieve the Company from corporate-level income taxes. For income tax purposes, distributions made to shareholders are reported as ordinary income, capital gains, non-taxable return of capital, or a combination thereof. The tax character of distributions, if any, paid to shareholders may include return of capital, however, the exact amount cannot be determined at this point. The final determination of the tax character of distributions will not be made until we file Form 1099s for the tax year ending December 31, 2024. The character of income and gains that we will distribute is determined in accordance with income tax regulations that may differ from U.S. GAAP. Book and tax basis differences relating to shareholder dividend and distributions and other permanent book and tax differences are reclassified to paid-in capital. If we do not distribute (or are not deemed to have distributed) at least 98% of our annual ordinary income and 98.2% of our capital gain net income for the one-year period ending on October 31 of such calendar year, we will generally be required to pay excise tax equal to 4% of the amount by which 98% of our annual ordinary income and 98.2% of our capital gains exceed the distributions from such taxable income for the year. To the extent that we determine that our estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such taxable income, we accrue excise taxes, if any, on estimated undistributed taxable income. If we fail to satisfy the annual distribution requirement or otherwise fail to qualify as a RIC in any taxable year, we would be subject to tax on all of our taxable income at regular corporate rates. Distribution would generally be taxable to our individual and other non-corporate taxable shareholders as ordinary dividend income eligible for the reduced maximum rate applicable to qualified dividend income to the extent of our current and accumulated earnings and profits provided certain holding period and other requirements are met. Subject to certain limitation under the Code, corporate distributions would be eligible for the dividend-received deduction. To qualify again to be taxed as a RIC in a subsequent year, we would be required to distribute to our shareholders our accumulated earnings and profits attributable to non-RIC years. In addition, if we failed to qualify as a RIC for a period greater than two taxable years, then, in order to qualify as a RIC in a subsequent year, we would be required to elect to recognize and pay tax on any net built-in gain (the excess of aggregate gain, including items of income, over aggregate loss that would have been realized if we had been liquidated) or, alternatively, be subject to taxation on such built-in gain recognized for a period of five years. We follow ASC 740, Income Taxes Recent Accounting Pronouncements The Company considers the applicability and impact of all accounting standard updates (“ASU”) issued by the FASB. The Company has assessed currently issued ASUs and has determined that they are not applicable or expected to have minimal impact on its unaudited interim financial statements. ​ 2. Summary of Significant Accounting Policies (Continued) In March 2020, the FASB issued Accounting Standards Update, 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting 2020-04 is effective for all entities as of March 12, 2020 through December 31, 2022. In December 2022, the FASB issued Accounting Standards Update 2022-06, Reference Rate Reform ​ The objective of the guidance in Topic 848 is to provide temporary relief during the transition period. The FASB included a sunset provision within Topic 848 based on expectations of when the London Interbank Offered Rate (“LIBOR”) would cease being published. At the time that Update 2020-04 was issued, the UK Financial Conduct Authority (FCA) had established its intent that it would no longer be necessary to persuade, or compel, banks to submit to LIBOR after December 31, 2021. As a result, the sunset provision was set for December 31, 2022—12 months after the expected cessation date of all currencies and tenors of LIBOR. In March 2021, the FCA announced that the intended cessation date of the overnight 1-, 3-, 6-, and 12-month tenors of USD LIBOR would be June 30, 2023, which is beyond the current sunset date of Topic 848. Because the current relief in Topic 848 may not cover a period of time during which a significant number of modifications may take place, the amendments in this Update defer the sunset date of Topic 848 from December 31, 2022 to December 31, 2024 (“FASB Sunset Date”), after which entities will no longer be permitted to apply the relief in Topic 848. ​ Management had evaluated the impact of Topic 848 on the Company’s investments, derivatives, debt and other contracts that will undergo reference rate-related modifications as a result of the Reference Rate Reform. Management has no concerns in adopting Topic 848 by the FASB Sunset Date. Management will continue to work with other financial institutions and counterparties to modify contracts as required by applicable regulation and within the regulatory deadlines. As of June 30, 2024, management believes these accounting standards have no impact on the Company and does not have any concerns of adopting the regulations by FASB Sunset Date. ​ SEC Disclosure Update and Simplification In December 2020, the SEC adopted Rule 2a-5. The rule establishes a consistent, principles-based framework for boards of directors to use in creating their own specific processes in order to determine fair values in good faith.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Investments
Investments	3. Investments Investments may be categorized based on the types of inputs used in valuing such investments. The level in the U.S. GAAP valuation hierarchy in which an investment falls is based on the lowest level input that is significant to the valuation of the investment in its entirety. Per ASC 820, leveling for each investment is conducted at each quarter end. Transfers between levels are made in accordance with the Company’s accounting policy. Transfers between levels are recognized as of the beginning of the reporting period. At June 30, 2024, the Company’s investments were categorized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements June 30, 2024 ​ Level 1 Level 2 (1) ​ Level 3 ​ Total Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First lien secured debt (2) ​ $ — ​ $ 164,022 ​ $ 122,072 ​ $ 286,094 Second lien secured debt ​ ​ — ​ ​ 23,307 ​ ​ 2,215 ​ ​ 25,522 Corporate bond ​ ​ — ​ ​ 57,895 ​ ​ 28,214 ​ ​ 86,109 Revolver ​ ​ — ​ ​ — ​ ​ 346 ​ ​ 346 Equity - Common stock ​ ​ — ​ ​ — ​ ​ 2,038 ​ ​ 2,038 Equity - Preferred equity ​ ​ — ​ ​ — ​ ​ 3,151 ​ ​ 3,151 Total investments ​ $ — ​ $ 245,224 ​ $ 158,036 ​ $ 403,260 Derivatives ​ $ — ​ $ 444 ​ $ — ​ $ 444 Cash equivalents ​ $ 43 ​ $ — ​ $ — ​ $ 43 ​ ​ 3. Investments (Continued) At December 31, 2023, the Company’s investments were categorized as follows; ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements December 31, 2023 ​ Level 1 Level 2 (1) ​ Level 3 ​ Total Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First lien secured debt (2) ​ $ — ​ $ 136,706 ​ $ 118,248 ​ $ 254,954 Second lien secured debt ​ ​ — ​ ​ — ​ ​ 2,012 ​ ​ 2,012 Corporate bond ​ ​ — ​ ​ 64,589 ​ ​ 28,147 ​ ​ 92,736 Revolver ​ ​ — ​ ​ 5,418 ​ ​ 584 ​ ​ 6,002 Equity - Common stock ​ ​ — ​ ​ — ​ ​ 267 ​ ​ 267 Equity - Preferred equity ​ ​ — ​ ​ — ​ ​ 3,151 ​ ​ 3,151 Total investments ​ $ — ​ $ 206,713 ​ $ 152,409 ​ $ 359,122 Derivatives ​ $ — ​ $ 271 ​ $ — ​ $ 271 Cash equivalents ​ $ 220 ​ $ — ​ $ — ​ $ 220 (1) Fair value based upon quoted prices in inactive markets or quotes for comparable investments. (2) Includes senior secured loans. Unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2024 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ Range ​ Weighted ​ ​ Fair Value Valuation Technique ​ Unobservable Input Low High Average ​ Corporate bond $ 14,820 ​ Yield analysis ​ Market yield ​ 12.52% ​ 14.39% ​ 13.46% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 11.50x ​ 12.50x ​ 13.00x ​ Corporate bond ​ 13,394 ​ Yield analysis ​ Market yield ​ 11.35% ​ 12.07% ​ 11.71% ​ ​ ​ ​ ​ Black scholes option pricing model ​ Volatility ​ 10.00% ​ 41.50% ​ 25.75% ​ ​ ​ ​ ​ Black scholes option pricing model ​ Term ​ 2.10 years ​ 2.10 years ​ 2.10 years ​ ​ ​ ​ ​ Black scholes option pricing model ​ Risk free rate ​ 4.69% ​ 4.69% ​ 4.69% ​ First lien secured debt ​ 8,592 ​ Yield analysis ​ Market yield ​ 8.71% ​ 9.12% ​ 8.91% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 12.50x ​ 13.50x ​ 13.00x ​ First lien secured debt ​ 20,017 ​ Yield analysis ​ Market yield ​ 9.96% ​ 10.76% ​ 10.36% ​ First lien secured debt ​ 71,078 ​ Recent transactions ​ Transaction price ​ N/A ​ N/A ​ N/A ​ First lien secured debt ​ 22,385 ​ Market quotation ​ Market quotation ​ N/A ​ N/A ​ N/A ​ Second lien secured debt ​ 2,215 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ Discounted cash flow analysis ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 19.76x ​ 20.00x ​ 19.88x ​ Revolver ​ — ​ Yield analysis ​ Market yield ​ 8.71% ​ 9.12% ​ 8.91% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 12.50x ​ 13.50x ​ 13.00x ​ Revolver ​ 346 ​ Recent transactions ​ Transaction price ​ N/A ​ N/A ​ N/A ​ Equity - Preferred equity ​ 3,151 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ Discounted cash flow analysis ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 19.76x ​ 20.00x ​ 19.88x ​ Equity - Common stock ​ 2,038 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ Discounted cash flow analysis ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 19.76x ​ 20.00x ​ 19.88x ​ Total $ 158,036 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3. Investments (Continued) ​ Unobservable inputs used in the fair value measurement of Level 3 investments as of December 31, 2023 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Range ​ Weighted ​ ​ Fair Value Valuation Technique Unobservable Input Low High Average ​ Corporate bond $ 14,700 ​ Yield analysis Market yield 11.60% ​ 12.60% ​ 12.10% ​ Corporate bond ​ 13,447 ​ Yield analysis ​ Market yield ​ 13.08% ​ 13.08% ​ 13.08% ​ ​ ​ ​ ​ Black Scholes Option Pricing Model ​ Volatility ​ 10.00% ​ 47.50% ​ 28.75% ​ ​ ​ ​ ​ Black Scholes Option Pricing Model ​ Term ​ 2.60 years ​ 2.60 years ​ 2.60 years ​ ​ ​ ​ ​ Black Scholes Option Pricing Model ​ Risk free rate ​ 4.10% ​ 4.10% ​ 4.10% ​ First lien secured debt ​ 38,162 Yield analysis Market yield 9.86% ​ 11.91% ​ 10.81% ​ ​ ​ ​ EV market multiple analysis EBITDA multiple 11.50x ​ 13.25x ​ 12.47x ​ First lien secured debt ​ 29,931 Yield analysis Market yield 9.44% ​ 12.24% ​ 10.57% ​ First lien secured debt ​ 14,523 Recent transactions Transaction price N/A ​ N/A ​ N/A ​ First lien secured debt ​ 35,632 Market quotation N/A N/A ​ N/A ​ N/A ​ Second lien secured debt ​ 2,012 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ ​ ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ ​ ​ Revenue multiple ​ 0.38x ​ 0.45x ​ 0.41x ​ Revolver ​ (4) ​ Yield analysis ​ Market yield ​ 9.86% ​ 11.91% ​ 11.38% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 12.00x ​ 13.25x ​ 12.75x ​ Revolver ​ 588 ​ Yield analysis ​ Market yield ​ 11.24% ​ 12.24% ​ 11.74% ​ Equity - Preferred equity ​ 3,151 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ ​ ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ ​ ​ Revenue multiple ​ 0.38x ​ 0.45x ​ 0.41x ​ Equity - Common stock ​ 267 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ ​ ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ ​ ​ Revenue multiple ​ 0.38x ​ 0.45x ​ 0.41x ​ Total $ 152,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certain fair value measurements may employ more than one valuation technique, with each valuation technique receiving a relative weight between 0% and 100%. Generally, a change in an unobservable input may result in a change to the value of an investment as follows: ​ Input Impact to Value if Input Increases Impact to Value if Input Decreases Discount rate Decrease Increase Revenue multiples Increase Decrease EBITDA multiples Increase Decrease Book value multiples Increase Decrease Implied volatility Increase Decrease Term Decrease Increase Yield Decrease Increase ​ ​ ​ ​ ​ ​ ​ ​ 3. Investments (Continued) Changes in investments categorized as Level 3 for the three and six months ended June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2024 ​ First Lien Secured Debt Second Lien Secured Debt ​ Corporate Bond ​ Revolver ​ Equity - Preferred Equity ​ Equity - Common Stock ​ Total Investments Beginning balance ​ $ 112,639 ​ $ 2,134 ​ $ 28,305 ​ $ 515 ​ $ 3,151 ​ $ 1,868 ​ $ 148,612 Net realized and unrealized gains (losses) ​ ​ (133) ​ ​ 10 ​ ​ (243) ​ ​ 7 ​ ​ — ​ ​ 170 ​ ​ (189) Acquisitions (1) ​ ​ 41,790 ​ ​ 71 ​ ​ 152 ​ ​ (26) ​ ​ — ​ ​ — ​ ​ 41,987 Dispositions (2) ​ ​ (31,961) ​ ​ — ​ ​ — ​ ​ (150) ​ ​ — ​ ​ — ​ ​ (32,111) Transfers in (out) of Level 3 (3) ​ ​ (263) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (263) Ending balance ​ $ 122,072 ​ $ 2,215 ​ $ 28,214 ​ $ 346 ​ $ 3,151 ​ $ 2,038 ​ $ 158,036 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above) ​ $ 372 ​ $ 11 ​ $ (243) ​ $ 7 ​ $ — ​ $ 170 ​ $ 317 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2024 ​ First Lien Secured Debt Second Lien Secured Debt ​ Corporate Bond ​ Revolver ​ Equity - Preferred Equity ​ Equity - Common Stock ​ Total Investments Beginning balance ​ $ 118,248 ​ $ 2,012 ​ $ 28,147 ​ $ 584 ​ $ 3,151 ​ $ 267 ​ $ 152,409 Net realized and unrealized gains (losses) ​ ​ 138 ​ ​ 26 ​ ​ (235) ​ ​ 10 ​ ​ — ​ ​ 1,771 ​ ​ 1,710 Acquisitions (1) ​ ​ 80,401 ​ ​ 177 ​ ​ 302 ​ ​ 152 ​ ​ — ​ ​ — ​ ​ 81,032 Dispositions (2) ​ ​ (64,155) ​ ​ — ​ ​ — ​ ​ (400) ​ ​ — ​ ​ — ​ ​ (64,555) Transfers in (out) of Level 3 (3) ​ ​ (12,560) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (12,560) Ending balance ​ $ 122,072 ​ $ 2,215 ​ $ 28,214 ​ $ 346 ​ $ 3,151 ​ $ 2,038 ​ $ 158,036 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above) ​ $ 823 ​ $ 26 ​ $ (235) ​ $ 11 ​ $ — ​ $ 1,771 ​ $ 2,396 (1) (2) (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3. Investments (Continued) Changes in investments categorized as Level 3 for the three and six months ended June 30, 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2023 ​ First Lien Term Loan ​ Second Lien Secured Debt Corporate Bond ​ Revolver ​ Equity - Preferred Equity ​ Equity - Preferred Equity ​ Total Investments Beginning balance ​ $ 57,950 ​ $ — ​ $ 27,255 ​ $ 31 ​ $ — ​ $ — ​ $ 85,236 Net realized and unrealized gains (losses) ​ ​ (113) ​ ​ — ​ ​ 204 ​ ​ 7 ​ ​ — ​ ​ — ​ ​ 98 Acquisitions (1) ​ ​ 31,259 ​ ​ — ​ ​ 144 ​ ​ 504 ​ ​ — ​ ​ — ​ ​ 31,907 Dispositions ​ ​ (126) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (126) Ending balance ​ $ 88,970 ​ $ — ​ $ 27,603 ​ $ 542 ​ $ — ​ $ — ​ $ 117,115 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above) ​ $ 2 ​ $ — ​ $ 204 ​ $ 7 ​ $ — ​ $ — ​ $ 213 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2023 ​ First Lien Secured Debt Second Lien Secured Debt ​ Corporate Bond ​ Revolver ​ Equity - Preferred Equity ​ Equity - Common Stock ​ Total Investments Beginning balance ​ $ 8,420 ​ $ — ​ $ 27,605 ​ $ (34) ​ $ — ​ $ — ​ $ 35,991 Net realized and unrealized gains (losses) ​ ​ (111) ​ ​ — ​ ​ (293) ​ ​ 5 ​ ​ — ​ ​ — ​ ​ (399) Acquisitions (1) ​ ​ 80,865 ​ ​ — ​ ​ 291 ​ ​ 1,071 ​ ​ — ​ ​ — ​ ​ 82,227 Dispositions (2) ​ ​ (204) ​ ​ — ​ ​ — ​ ​ (500) ​ ​ — ​ ​ — ​ ​ (704) Ending balance ​ $ 88,970 ​ $ — ​ $ 27,603 ​ $ 542 ​ $ — ​ $ — ​ $ 117,115 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above) ​ $ (116) ​ $ — ​ $ (293) ​ $ 5 ​ $ — ​ $ — ​ $ (404) (1) (2)

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2024
Derivative Instruments
Derivative Instruments	4. Derivative Instruments The Company enters into interest rate swap contracts from time to time to help mitigate the impact that an adverse change in interest rates would have on the value of the Company’s fixed rate investments. As of June 30, 2024, the counterparty to these interest rate swap contracts was Goldman Sachs & Co. LLC. ​ Certain information related to the Company’s derivative instruments as of June 30, 2024 and December 31, 2023 are presented in the following location in the Statements of Assets and Liabilities: ​ ​ 4. Derivative Instruments (Continued) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 Derivative Instrument ​ Notional Amount Maturity Date Gross Amount of Recognized Assets Gross Amount of Recognized Liabilities Statement Location Interest rate swap ​ $ 7,000 ​ 6/17/2027 ​ $ 207 ​ $ — ​ Derivatives, at fair value Interest rate swap ​ $ 5,000 ​ 7/7/2027 ​ $ 237 ​ $ — ​ Derivatives, at fair value Total ​ $ 12,000 ​ ​ ​ $ 444 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Derivative Instrument ​ Notional Amount Maturity Date Gross Amount of Recognized Assets Gross Amount of Recognized Liabilities Statement Location Interest rate swap ​ $ 7,000 ​ 6/17/2027 ​ $ 98 ​ $ — ​ Derivatives, at fair value Interest rate swap ​ $ 5,000 ​ 7/7/2027 ​ $ 173 ​ $ — ​ Derivatives, at fair value Total ​ $ 12,000 ​ ​ ​ $ 271 ​ $ — ​ ​ ​ Net realized gain (loss) on derivative instruments recognized by the Company for the three and six months ended June 30, 2024 and 2023 is presented in the following location in the Statements of Operations: ​ ​ ​ ​ ​ ​ ​ Statement Location For the Three Months Ended June 30, 2024 ​ For the Six Months Ended June 30, 2024 Net realized and unrealized gain (loss) from derivatives ​ $ 104 ​ $ 580 ​ ​ $ 104 ​ $ 580 ​ ​ ​ ​ ​ ​ ​ ​ Statement Location For the Three Months Ended June 30, 2023 ​ For the Six Months Ended June 30, 2023 Net realized and unrealized gain (loss) from derivatives ​ $ 36 ​ $ 99 ​ ​ $ 36 ​ $ 99 ​ Net unrealized gain (loss) on derivative instruments recognized by the Company for the three and six months ended June 30, 2024 and 2023 is presented in the following location in the Statements of Operations: ​ ​ ​ ​ ​ ​ ​ ​ Statement Location For the Three Months Ended June 30, 2024 ​ For the Six Months Ended June 30, 2024 Net realized and unrealized gain (loss) from derivatives ​ $ 29 ​ $ 174 ​ ​ $ 29 ​ $ 174 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Statement Location For the Three Months Ended June 30, 2023 ​ For the Six Months Ended June 30, 2023 Net realized and unrealized gain (loss) from derivatives ​ $ 283 ​ $ 109 ​ ​ $ 283 ​ $ 109 ​

Transactions with Affiliated Co

Transactions with Affiliated Companies	6 Months Ended
	Jun. 30, 2024
Transactions with Affiliated Companies
Transactions with Affiliated Companies	5. Transactions with Affiliated Companies ​ An affiliated company is a company in which the Company owns at least 5.0%, up to 25.0% (inclusive), of the voting securities and/or investments under common control, and the Company does not have the power to exercise control over the management or policies of such portfolio company. A controlled affiliated company is a company in which the Company, either directly or through one or more controlled companies has an ownership interest of more than 25% of its voting securities. See the Company’s Schedules of Investments for the type of investment, principal amount, interest rate including the spread, and the maturity date. Transactions related to the Company’s investments with affiliates for the six months ended June 30, 2024 were as follows: ​ 5. Transactions with Affiliated Companies (Continued) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Portfolio Company ​ Asset Type ​ Fair value at December 31, 2023 ​ Transfers in (out) ​ Purchases (cost) ​ Sales and paydowns ​ PIK interest (cost) ​ Amortization ​ Net realized gain (loss) ​ Net unrealized gain (loss) ​ Fair value at June 30, 2024 Non-controlled/affiliated company investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carlson Travel, Inc. ​ First Lien Secured Debt ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Carlson Travel, Inc. ​ Second Lien Secured Debt ​ ​ 2,012 ​ ​ — ​ ​ — ​ ​ — ​ ​ 177 ​ ​ — ​ ​ — ​ ​ 26 ​ ​ 2,215 Carlson Travel, Inc. ​ Equity - Common Stock ​ ​ 267 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,771 ​ ​ 2,038 Carlson Travel, Inc. ​ Equity - Preferred Equity ​ ​ 3,151 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,151 ​ ​ ​ ​ $ 5,430 ​ $ — ​ $ — ​ $ — ​ $ 177 ​ $ — ​ $ — ​ $ 1,797 ​ $ 7,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PREIT Associates LP ​ Second Lien Secured Debt ​ $ — ​ $ 20,059 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 101 ​ $ 20,160 ​ ​ ​ ​ $ — ​ $ 20,059 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 101 ​ $ 20,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TPC Group, Inc. ​ Corporate Bond ​ $ 22,404 ​ $ — ​ $ — ​ $ (3,182) ​ $ — ​ $ (11) ​ $ 11 ​ $ (154) ​ $ 19,068 ​ ​ ​ ​ $ 22,404 ​ $ — ​ $ — ​ $ (3,182) ​ $ — ​ $ (11) ​ $ 11 ​ $ (154) ​ $ 19,068 Total non-controlled/affiliated company investments ​ ​ ​ $ 27,834 ​ $ 20,059 ​ $ — ​ $ (3,182) ​ $ 177 ​ $ (11) ​ $ 11 ​ $ 1,744 ​ $ 46,632 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, ​ ​ ​ ​ 2024 ​ 2023 Portfolio Company ​ Asset Type ​ Interest Income ​ Dividend Income ​ Fee Income ​ Interest Income ​ Dividend Income ​ Fee Income Non-controlled/affiliated company investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carlson Travel, Inc. ​ First Lien Secured Debt ​ $ — ​ $ — ​ $ — ​ $ n/a ​ $ n/a ​ $ n/a Carlson Travel, Inc. ​ Second Lien Secured Debt ​ ​ 140 ​ ​ — ​ ​ — ​ ​ n/a ​ ​ n/a ​ ​ n/a Carlson Travel, Inc. ​ Equity - Common Stock ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ n/a ​ ​ n/a Carlson Travel, Inc. ​ Equity - Preferred Equity ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ n/a ​ ​ n/a ​ ​ ​ ​ $ 140 ​ $ — ​ $ — ​ $ n/a ​ $ n/a ​ $ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PREIT Associates LP ​ Second Lien Secured Debt ​ $ 626 ​ $ — ​ $ 1 ​ $ n/a ​ $ n/a ​ $ n/a ​ ​ ​ ​ $ 626 ​ $ — ​ $ 1 ​ $ n/a ​ $ n/a ​ $ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TPC Group, Inc. ​ Corporate Bond ​ $ 1,315 ​ $ — ​ $ — ​ $ 538 ​ $ n/a ​ $ n/a ​ ​ ​ ​ $ 1,315 ​ $ — ​ $ — ​ $ 538 ​ $ n/a ​ $ n/a Total non-controlled/affiliated company investments ​ ​ ​ $ 2,081 ​ $ — ​ $ 1 ​ $ 538 ​ $ n/a ​ $ n/a ​

Fees, Expenses, Agreements and

Fees, Expenses, Agreements and Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Fees, Expenses, Agreements and Related Party Transactions
Fees, Expenses, Agreements and Related Party Transactions	6. Fees, Expenses, Agreements and Related Party Transactions Investment Advisory Agreement The Company entered into the Investment Advisory Agreement with the Adviser, effective as of June 30, 2022, in accordance with the 1940 Act. On September 30, 2022, the Company and the Adviser entered into an Amended and Restated Investment Advisory Agreement (the “Investment Advisory Agreement”). For these services, the Company pays (1) a management fee equal to a percentage of the value of the Company’s Weighted Average Net Asset Value (defined below) and (2) an incentive fee based on the Company’s performance. Base Management Fee The Base Management Fee shall be calculated at a quarterly rate equal to 0.375% (i.e., 1.50% annually) of the Company’s Weighted Average Net Asset Value for the quarter; provided that the quarterly base management fee will be decreased to 0.25% (i.e., 1.00% annually) of the value of the Company’s Weighted Average Net Asset Value during any extension of the period in which the Company may complete a Liquidity Event. “Weighted Average Net Asset Value” means, at the time of any calculation, the weighted average shares outstanding multiplied by the average of the beginning net asset value per share and ending net asset value per share (prior to management and incentive fees) of a period of time. For the three months ended June 30, 2024 and 2023, the Company incurred $832 and $711, respectively, in base management fees. For the six months ended June 30, 2024 and 2023, the Company incurred $1,644 and $1,305, respectively, in base management fees. Incentive Fee The incentive fee payable under the Investment Advisory Agreement has two parts, as follows: ​ 6. Fees, Expenses, Agreements and Related Party Transactions (Continued) One part is calculated and payable quarterly in arrears based on the Company’s Pre-Incentive Fee Net Investment Income for the immediately preceding calendar quarter. For this purpose, “Pre-Incentive Fee Net Investment Income” means interest income, dividend income and any other income, including any other fees (other than fees for providing managerial assistance) such as amendment, commitment, origination, prepayment penalties, structuring, diligence and consulting fees or other fees received from portfolio companies, accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, any expenses payable under the Administration Agreement, and any interest expense or amendment fees under any credit facility and distributions paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as OID, PIK interest and zero-coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. Pre-Incentive Fee Net Investment Income, expressed as a percentage of the value of the Company’s net assets at the end of the immediately preceding calendar quarter, is compared to a hurdle. The Company will pay the Adviser an incentive fee with respect to Pre-Incentive Fee Net Investment Income in each calendar quarter as follows: (1) No incentive fee in any calendar quarter in which Pre-Incentive Fee Net Investment Income does not exceed the hurdle rate of one and a half percent ( 1.50% ) per quarter ( 6.00% annualized); (2) One hundred percent ( 100% ) of Pre-Incentive Fee Net Investment Income with respect to that portion of such Pre-Incentive Fee Net Investment Income, if any, that exceeds the hurdle rate but is less than the percentage at which amounts payable to the Adviser pursuant to the income incentive fee equal fifteen percent ( 15% ) of the Company’s Pre-Incentive Fee Net Investment Income as if a hurdle rate did not apply. This portion of the Pre-Incentive Fee Net Investment Income (which exceeds the hurdle rate but is less than 1.76% ) is referred to as the “catch-up.” The “catch-up” is meant to provide the Adviser with 15% of the Company’s Pre-Incentive Fee Net Investment Income as if a hurdle rate did not apply; and (3) Fifteen percent ( 15% ) of the amount of Pre-Incentive Fee Net Investment Income, if any, that exceeds 1.76% in any calendar quarter ( 7.04% annualized). These calculations will be pro-rated for any period of less than a full calendar quarter and will be adjusted for share issuances or repurchases during the relevant quarter, if applicable, or upon termination of the Investment Advisory Agreement, as of the termination date, and will equal 15% of the Company’s realized capital gains, if any, on a cumulative basis from inception through 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 previously paid capital gain incentive fees. Under U.S. GAAP, the Company will be required to accrue a capital gains incentive fee based upon net realized capital gains and net unrealized capital appreciation and depreciation on investments held at the end of each period. In calculating the capital gains incentive fee accrual, the Company will consider the cumulative aggregate unrealized capital appreciation in the calculation, as a capital gains incentive fee would be payable if such unrealized capital appreciation were realized, even though such unrealized capital appreciation will not be permitted to be considered in calculating the fee actually payable under the Investment Advisory Agreement. This accrual is calculated using the aggregate cumulative realized capital gains and losses and cumulative unrealized capital appreciation or depreciation. If such amount is positive at the end of a period, then the Company will record a capital gains incentive fee equal to 15% of such amount, less the aggregate amount of actual capital gains related incentive fees paid or accrued in all prior years. If such amount is negative, then there is either no accrual for such year or a reduction in prior accruals for changes in net unrealized capital appreciation and depreciation. There can be no assurance that such unrealized capital appreciation will be realized in the future. Incentive Fee Cap No incentive fee will be paid to the Adviser to the extent that, after such payment, the cumulative income-based incentive fees and capital gains-based incentive fees paid to date would be greater than fifteen percent (15%) of the Company’s Cumulative Pre-Incentive Fee Net Income since the date of its election to become a BDC (the “Incentive Fee Cap”). “Cumulative Pre-Incentive Fee Net Income” is equal to the sum of (a) Pre-Incentive Fee Net Investment Income for each period since the date of the Company’s election to become a BDC and (b) cumulative aggregate realized capital gains, cumulative aggregate realized capital losses, cumulative aggregate unrealized capital depreciation and cumulative aggregate unrealized capital appreciation, in each case, since the date of the Company’s election to become a BDC. If, for any relevant period, the Incentive Fee Cap calculation results in the Company paying less than the amount of the income-based incentive fee and the capital gains-based incentive fee as calculated above, then the difference between (a) such amount and (b) the Incentive Fee Cap will not be paid by the Company, and will not be received by the Adviser, either at the end of such relevant period or at the end of any future period. ​ 6. Fees, Expenses, Agreements and Related Party Transactions (Continued) For the three months ended June 30, 2024 and 2023, the Company incurred Administration Agreement The Company entered into the Administration Agreement with the Administrator pursuant to which the Administrator will furnish the Company with office facilities, equipment and clerical, bookkeeping and record keeping services. Under the Administration Agreement, the Administrator will perform or oversee the performance of the Company’s required administrative services, which will include, among other activities, being responsible for the financial records the Company is required to maintain and preparing reports to the Company’s shareholders and reports filed with the SEC. In addition, the Administrator will assist the Company in determining and publishing its net asset value, and overseeing the preparation and filing of the Company’s tax returns, the payment of the Company’s expenses and the performance of administrative and professional services rendered to it by others. For providing these services, facilities and personnel, the Company may reimburse the Administrator for its allocable portion of overhead and other expenses incurred by the Administrator in performing its obligations under the Administration Agreement, including fees of U.S. Bancorp Fund Services, LLC (the “Sub-Administrator”), rent, technology systems (including subscription fees and other costs and expenses related to Bloomberg Professional Services and the Adviser’s third-party Order Management System), insurance and the Company’s allocable portion of the cost of compensation and related expenses of its Chief Compliance Officer and Chief Financial Officer and their respective staffs. The Administrator also will offer on the Company’s behalf managerial assistance to portfolio companies to which the Company will be required to offer such assistance. To the extent that the Administrator outsources any of its functions, the Company will pay the fees associated with such functions on a direct basis without profit to the Administrator. Sub-Administration Agreement The Administrator entered into a sub-administration agreement with the Sub-Administrator, pursuant to which the Administrator delegated certain administrative functions to the Sub-Administrator (the “Sub-Administration Agreement”). Other Expenses Subject to the payment of certain organization and offering expenses by the Adviser, the Company will bear all other direct or indirect costs and expenses of its organization, operations and transactions, including operating costs, Company-level tax returns, legal and other customary investment related expenses. Common expenses frequently will be incurred on behalf of the Company and one or more of the Adviser’s other clients. The Adviser will seek to allocate those common expenses among the Company and such other clients in a manner that is fair and reasonable over time, and the Adviser may bear certain expenses directly that otherwise are not allocated to the Company or to its other clients. To address potential conflicts of interest, the Adviser has adopted and implemented policies and procedures for the allocation of common expenses. The Adviser, for instance, will allocate expenses to clients, including the Company, in accordance with the client’s arrangements with the Adviser. In addition, the Adviser may use a variety of methods to allocate common expenses, including methods based on assets under management, relative use of a product or service, the nature or source of a product or service, the relative benefits derived by the Company and its other clients from a product or service, size of the Company’s or the other client’s investment, or other relevant factors. Expense allocations may, at times, depend on subjective determinations by the Adviser. Allocations of common expenses by the Adviser to the Company will be subject to the review and approval of the Company’s Board of Directors. The Adviser has agreed to limit, indefinitely, the amount of Specified Expenses (defined below) borne by the Company to an amount not to exceed 0.25% per annum of the greater of (i) the Company’s aggregate capital commitments (the “Expense Cap”) ​ 6. Fees, Expenses, Agreements and Related Party Transactions (Continued) leverage arrangements, (vi) brokerage commissions, expenses related to litigation and potential litigation, and (vii) extraordinary expenses not incurred in the ordinary course of the Company’s business, including such expenses as approved by the Board of Directors, including a majority of the Independent Directors. The Expense Cap is based on the greater of (i) the Company’s aggregate Capital Commitments, without reduction for contributed capital or Capital Commitments no longer available to be called by the Company, and (ii) the Company’s net assets, in each case as calculated at the end of a calendar year. In any year, to the extent that Specified Expenses exceed the Expense Cap, the Adviser will promptly waive fees or reimburse the Company for expenses necessary to eliminate such excess. Such waivers are not subject to future reimbursement by the Company. For the three months ended June 30, 2024 and 2023, the Adviser reimbursed the Company $75

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt
Debt	7. Debt ​ On April 6, 2022, the Company entered into a Senior Secured Revolving Credit Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Company, the lenders party thereto from time to time and ING Capital LLC (“ING”), as Administrative Agent (in such capacity, the “Administrative Agent”). The Credit Agreement had an initial multicurrency revolving loan commitment of $85,000, with uncommitted capacity to increase the revolving loan commitments up to $500,000 in the form of dollar commitments or multicurrency commitments. On May 13, 2022, the Company entered into an Incremental Commitment and Assumption Agreement and First Amendment to Senior Secured Revolving Credit Agreement by and among the Company, the lenders party thereto, the assuming lenders party thereto and the Administrative Agent, pursuant to which, among other things, the Company amended the Credit Agreement to increase its revolving loan commitments thereunder to $145,000, with $100,000 in the form of multicurrency commitments and $45,000 in the form of dollar commitments. The Credit Agreement permits the Company to use up to $25,000 of multicurrency commitments to incur letters of credit. ​ On August 26, 2022, the Company entered into an Incremental Commitment and Assumption Agreement (the “Incremental Agreement”), which supplements the Senior Secured Revolving Credit Agreement, dated as of April 6, 2022 (as amended, restated, supplemented and otherwise modified to date, including by the Incremental Agreement, the “Credit Agreement”), among the Company, as borrower, ING as Administrative Agent and the lenders party thereto. Pursuant to the Incremental Agreement, among other changes, the total commitments under the Credit Agreement increased from $145,000 to $250,000, consisting of an increase in dollar commitments from $45,000 to $140,000 and of multicurrency commitments from $100,000 to $110,000. In connection with such increase, the Company paid certain fees to the lenders providing such commitments. ​ On January 17, 2024, the Company signed an Incremental Agreement, which supplements the Senior Secured Revolving Credit Agreement, dated as of April 6, 2022 (as amended, restated, supplemented and otherwise modified to date, including by the Credit Agreement), among the Company, as borrower, ING, as administrative agent and the Lenders Party Thereto. Pursuant to the Incremental Agreement, among other changes, the total commitments under the Credit Agreement increased from $250,000 to $255,000. The Credit Agreement subjects all borrowings to availability under a borrowing base, which is based on certain undrawn subscriptions of the Company and underlying portfolio investments. Subject to the conditions to borrowing, until termination of the availability period of the Credit Agreement, the Credit Agreement permits the borrowing of revolving loans denominated in (i) U.S. Dollars up to the amount of dollar commitments and (ii) U.S. Dollars, Canadian Dollars, Euros, Pound Sterling and/or other agreed foreign currencies up to the amount of multicurrency commitments. After the termination date of the availability period of the Credit Agreement, the Credit Agreement requires the Company to make mandatory prepayments out of the proceeds of certain asset sales and other recovery events and equity and debt issuances. The availability period of the Credit Agreement will terminate on April 6, 2025 and the Credit Agreement will mature on April 6, 2026. ​ Unless borrowed in the Alternate Base Rate (as defined in the Credit Agreement), borrowings in: (i) U.S. Dollars have an interest rate of Adjusted Term SOFR (as defined in the Credit Agreement) plus 2.375%, with a SOFR adjustment of 0.10% for an interest period of one month and 0.15% for an interest period of three months, (ii) Canadian Dollars have an interest rate of the Adjusted Eurocurrency Rate (as defined in the Credit Agreement) plus 2.375%, (iii) Euros have an interest rate of the Adjusted Eurocurrency Rate (as defined in the Credit Agreement) plus 2.375%, and (iv) Pound Sterling have an interest rate of Daily Simple RFR (as defined in the Credit Agreement) plus 2.375%, with a credit spread adjustment of 0.0326%. Borrowings based on the alternate base have an applicable margin of 1.375%. The Credit Agreement includes a commitment fee for unused commitments thereunder of (i) during the first six months following the effective date of the Credit Agreement, 0.375% per annum and (ii) thereafter until the termination date of the availability period, (x) 0.75% per annum if the daily used amount of the commitments thereunder is less than or equal to 35% of the commitments and (y) 0.50% per annum if the daily used amount of the commitments thereunder is greater than 35% of the commitments, as well as certain other fees as agreed among the Company, the Administrative Agent and the lenders. ​ 7. Debt (Continued) ​ The Credit Agreement includes the following financial covenants: (i) a minimum shareholders equity financial covenant that requires the Company to maintain a minimum shareholders’ equity as of the last day of any fiscal quarter of at least $40,740 plus 50% of the net proceeds of sales of certain equity interests after the effective date of the Credit Agreement, (ii) an obligors’ net worth financial covenant that requires the obligors’ net worth to be no less than the minimum shareholders’ equity minus 50% of the lesser of (x) the aggregate investment in Financing Subsidiaries (as defined therein) and (y) 25% of the Company’s capital commitments, (iii) an asset coverage ratio financial covenant that requires the asset coverage ratio to be no less than 150% at any time (after giving effect to exemptive orders specified therein), and (iv) an interest coverage ratio financial covenant that requires the interest coverage ratio as of the last day of any fiscal quarter to be no less than 2.00:1.00. The Credit Agreement also includes other affirmative and negative covenants, including without limitation covenants that restrict certain indebtedness, liens, investments, restricted payments and transactions with affiliates. The Company’s obligations to the lenders under the Credit Agreement are secured by a first priority security interest in substantially all of the Company’s assets. ​ The Credit Agreement contains customary events of default for similar financing transactions. Upon the occurrence and during the continuation of an event of default, ING may terminate the commitments and declare the outstanding advances and all other obligations under the Credit Agreement immediately due and payable. ​ As of June 30, 2024 and December 31, 2023, the Company was in compliance with all covenants and other requirements of the Credit Agreement. ​ The following table summarizes the average and maximum debt outstanding, and the interest and debt issuance cost for the six months ended June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2024 ​ For the Six Months Ended June 30, 2023 Average debt outstanding ​ $ 146,214 ​ ​ $ 157,845 ​ Maximum amount of debt outstanding ​ $ 178,186 ​ ​ $ 190,702 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average annualized interest and other debt expenses (1) ​ ​ 8.45 % ​ ​ 7.42 % Annualized amortized debt issuance cost ​ 0.68 % ​ 0.59 % Total annualized interest and other debt expenses ​ ​ 9.13 % ​ ​ 8.01 % (1) Includes the stated interest expense and commitment fees on the unused portion of the Credit Agreement. Commitment fees for the six months ended June 30, 2024 and 2023 were $274 and $6 , respectively. ​ During the six months ended June 30, 2024 and 2023, there was maximum of $178,186 and $190,702, respectively, of debt outstanding under the Credit Agreement, with a weighted-average interest rate, excluding amortized debt issuance cost of 8.45% and 7.42%, respectively. Outstanding debt is carried at amortized cost in the Statements of Assets and Liabilities. As of June 30, 2024 and 2023, the estimated fair value of the outstanding debt approximated its carrying value. Total expenses related to debt for the three and six months ended June 30, 2024 and 2023 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2024 ​ For the Six Months Ended June 30, 2024 Interest and other debt expenses ​ $ 3,175 ​ ​ $ 6,179 Amortization of deferred debt issuance costs ​ 246 ​ ​ 493 Total interest and other debt expenses ​ $ 3,421 ​ ​ $ 6,672 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2023 ​ For the Six Months Ended June 30, 2023 Interest and other debt expenses ​ $ 3,194 ​ ​ $ 5,888 Amortization of deferred debt issuance costs ​ 240 ​ ​ 468 Total interest and other debt expenses ​ $ 3,434 ​ ​ $ 6,356 ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies.
Commitments and Contingencies	​ ​ 8. Commitments and Contingencies The Company conducts business with brokers and dealers that are primarily headquartered in New York and are members of the major securities exchanges. Banking activities are conducted with U.S. Bancorp, headquartered in the Minneapolis, Minnesota. In the normal course of business, investment activities involve executions, settlement and financing of various transactions resulting in receivables from, and payables to, brokers, dealers and the custodian. These activities may expose the Company to risk in the event that such parties are unable to fulfill contractual obligations. Management does not anticipate any material losses from counterparties with whom it conducts business. Consistent with standard business practice, the Company enters into contracts that contain a variety of indemnifications, and is engaged from time to time in various legal actions. The maximum exposure under these arrangements and activities is unknown. However, management expects the risk of material loss to be remote. The Schedules of Investments includes certain revolving loan facilities and other commitments with unfunded balances at June 30, 2024 and December 31, 2023 as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments—non-controlled/non-affiliated Commitment Type Commitment Expiration Date Unfunded Commitment at June 30, 2024 Unfunded Commitment at December 31, 2023 Accession Risk Management Group, Inc. ​ Delayed Draw ​ 11/1/2029 ​ $ 859 ​ $ 4,916 Athena Holdco S.A.S. ​ Delayed Draw ​ 4/18/2030 ​ ​ — ​ ​ 2,300 Beacon Oral Specialists Management LLC ​ Delayed Draw ​ 12/14/2026 ​ ​ 17,500 ​ ​ — Doncasters US Finance LLC ​ Delayed Draw ​ 4/23/2030 ​ ​ 1,419 ​ ​ — Energy Acquisition LP ​ Delayed Draw ​ 5/9/2029 ​ ​ 1,040 ​ ​ — Gannett Fleming, Inc. ​ Revolver ​ 12/20/2028 ​ ​ 1,364 ​ ​ 1,364 Hornblower Holdings, LP ​ Revolver ​ 7/3/2029 ​ ​ 2,703 ​ ​ — Ironhorse Purchaser, LLC ​ Revolver ​ 9/30/2027 ​ ​ 623 ​ ​ 398 Ironhorse Purchaser, LLC ​ Delayed Draw ​ 9/30/2027 ​ ​ 1,043 ​ ​ 1,043 K1 Speed, Inc ​ Delayed Draw ​ 1/2/2029 ​ ​ 4,246 ​ ​ 3,200 Keel Platform, LLC ​ Delayed Draw ​ 1/19/2031 ​ ​ 1,579 ​ ​ 1,835 PT Intermediate Holdings III, LLC ​ Delayed Draw ​ 11/1/2028 ​ ​ — ​ ​ 4,350 Total Unfunded Commitments ​ ​ ​ ​ ​ $ 32,376 ​ $ 19,406 ​

Other Related Party Transaction

Other Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Other Related Party Transactions
Other Related Party Transactions	9. Other Related Party Transactions The Company, the Administrator, the Adviser and affiliates may be considered related parties. From time to time, the Adviser advances payments to third parties on behalf of the Company and receives reimbursement from the Company. At June 30, 2024 and December 31, 2023, there were no amounts reimbursable to the Adviser by the Company. Pursuant to the Administration Agreement, the Administrator may be reimbursed for costs and expenses incurred by the Administrator for office space rental, office equipment and utilities allocable to the Company, as well as costs and expenses incurred by the Administrator or its affiliates relating to any administrative, operating, or other non-investment advisory services provided by the Administrator or its affiliates to the Company. For both the three months ended June 30, 2024 and 2023, no such costs were allocated to the Company. For both the six months ended June 30, 2024 and 2023, no such costs were allocated to the Company. The Adviser has agreed to pay organization costs in an amount not to exceed $1,000 on behalf of the Company. Organization and offering costs will only be borne by the Company if such costs exceed $1,000, at which time costs associated with the organization of the Company will be expensed As discussed in the definitive proxy statement of the Company, filed with the SEC on September 19, 2022 (the “Proxy Statement”), the Company held a special meeting of shareholders (the “Special Meeting”) to approve the Amended and Restated Investment Advisory Agreement. The Company’s shareholders approved the Amended and Restated Investment Advisory Agreement at the Special Meeting.

Shareholders' Equity and Divide

Shareholders' Equity and Dividends	6 Months Ended
	Jun. 30, 2024
Shareholders' Equity and Dividends
Shareholders' Equity and Dividends	10. Shareholders’ Equity and Dividends As of both June 30, 2024 and December 31, 2023, the Company had received $316,000 of equity commitments to purchase shares of the Company’s common stock. As of both June 30, 2024 and December 31, 2023, $229,100 (72.5% of total commitments), had been called. ​ 10. Shareholders’ Equity and Dividends (Continued) Dividends and distributions to common shareholders are recorded on the ex-dividend date. Distributions are declared considering annual taxable income available for distribution to shareholders and the amount of taxable income carried over from the prior year for distribution in the current year. The Company has adopted a dividend reinvestment plan that provides for reinvestment of all cash distributions declared by the Board of Directors, unless a shareholder elects to “opt out” of the plan. As a result, if the Board of Directors declares a cash distribution, then the shareholders who have not “opted out” of the dividend reinvestment plan will have their cash distributions automatically reinvested in additional shares of common stock, rather than receiving the cash distribution. The shares distributed by the Transfer Agent in the Company’s dividend reinvestment plan are through newly issued shares. The following tables summarize the Company’s dividends declared and paid for the six months ended June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Date Declared ​ Record Date Payment Date Type Amount Per Share Total Amount March 14, 2024 ​ March 31, 2024 ​ April 26, 2024 ​ Regular ​ $ 0.38 ​ $ 6,273 June 18, 2024 ​ June 28, 2024 ​ July 31, 2024 ​ Regular ​ ​ 0.38 ​ ​ 6,310 ​ ​ ​ ​ ​ ​ ​ ​ $ 0.76 ​ $ 12,583 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Date Declared ​ Record Date Payment Date Type Amount Per Share Total Amount March 13, 2023 ​ March 31, 2023 ​ April 28, 2023 ​ Regular ​ $ 0.38 ​ $ 4,857 June 15, 2023 ​ June 30, 2023 ​ July 27, 2023 ​ Regular ​ $ 0.38 ​ ​ 5,458 ​ ​ ​ ​ ​ ​ ​ ​ $ 0.76 ​ $ 10,315 ​

Financial Highlights

Financial Highlights	6 Months Ended
	Jun. 30, 2024
Financial Highlights
Financial Highlights	11. Financial Highlights The financial highlights below show the Company’s results of operations for the six months ended June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2024 ​ ​ For the Six Months Ended June 30, 2023 ​ Per Share Data: ​ ​ ​ ​ ​ ​ ​ ​ Per share NAV at beginning of period ​ $ 12.75 ​ ​ $ 13.48 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment operations: ​ ​ ​ ​ ​ ​ ​ ​ Net investment income (1) ​ ​ 0.98 ​ ​ ​ 1.02 ​ Net realized and unrealized gain (loss) ​ ​ 0.27 ​ ​ ​ (0.43) ​ Net increase (decrease) in net assets from operations (2) ​ ​ 1.25 ​ ​ ​ 0.59 ​ Distributions declared from net investment income ​ ​ (0.76) ​ ​ ​ (0.76) ​ Issuance of shares and others (2) ​ ​ — ​ ​ ​ 0.09 ​ Total increase (decrease) in net assets ​ ​ 0.49 ​ ​ ​ (0.08) ​ Per share NAV at end of period ​ $ 13.24 ​ ​ $ 13.40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total return based on net asset value (3) ​ ​ 9.80 % ​ ​ 4.38 % ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares outstanding at end of period ​ ​ 16,604,282 ​ ​ ​ 14,362,829 ​ Ratios to average net asset value: (4) ​ ​ ​ ​ ​ ​ ​ ​ Net investment income ​ ​ 15.29 % ​ ​ 15.18 % Expenses before incentive fee (5) ​ ​ 8.31 % ​ ​ 9.67 % Expenses after incentive fee (6) ​ ​ 9.65 % ​ ​ 9.99 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net assets at end of period (in thousands) ​ $ 219,889 ​ ​ $ 192,511 ​ Ending net asset value ​ $ 13.24 ​ ​ $ 13.40 ​ Portfolio turnover rate ​ 37.11 % ​ 10.02 % Weighted-average debt outstanding ​ $ 146,214 ​ ​ $ 157,845 ​ Weighted-average interest rate on debt ​ 9.13 % ​ 8.01 % Weighted-average number of shares of common stock ​ 16,554,772 ​ ​ 12,760,590 ​ Weighted-average debt per share ​ $ 8.83 ​ ​ $ 12.37 ​ Asset coverage ratio (7) ​ ​ 224.2 % ​ ​ 205.8 % (1) Per share changes in net asset value are computed based on the weighted average of shares outstanding during the time such activity occurred. (2) Includes the impact of different amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. (3) Not annualized for periods less than one year. Total return based on net asset value equals the change in net asset value per share from investment operations during the period divided by the beginning net asset value per share at the beginning of the period. (4) Annualized for periods less than one year except for incentive fees and other certain non-recurring expenses and non-recurring income. Weighted average net assets were calculated based on considering the capital call activity during the period. (5) Includes all Company expenses, including interest and other debt costs prior to contractual expense reimbursement by the Investment Advisor. (6) Includes incentive fees and all Company expenses including interest and other debt costs prior to contractual expense reimbursement by the Investment Advisor. (7) In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events
Subsequent Events	12. Subsequent Events Management has evaluated subsequent events through the date of issuance of the unaudited interim 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 statement, except as disclosed below: ​ The Company committed to various new investments and funded existing committed delayed draw facilities with an aggregate par value of $39.7 million ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	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)	$ 6,803	$ 1,072	$ 20,670	$ 7,487

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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) as contained within the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting. The Company is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies in the FASB ASC Topic 946, Financial Services – Investment Companies 2. Summary of Significant Accounting Policies (Continued) The Company’s first fiscal period ended on December 31, 2022.
Use of Estimates	Use of Estimates The preparation of the unaudited interim 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 unaudited interim financial statements, as well as the reported amounts of revenues and expenses during the reporting period presented. Although management believes these estimates and assumptions to be reasonable, actual results could differ from those estimates and such differences could be material.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and near maturity that present insignificant risk of changes in value because of changes in interest rates. Generally, only securities with a maturity of three months or less from the date of purchase would qualify, with limited exceptions. The Company deems that certain money market funds, U.S. Treasury bills, repurchase agreements and other high-quality, short-term debt securities would qualify as cash equivalents. The Company maintains its cash in a bank account, which, at times, may exceed federally insured limits. As of both June 30, 2024 and December 31, 2023, our cash balance exceeded federally insured limits. The Adviser continuously monitors the performance of the bank where the account is held in order to manage any risk associated with such account. Cash and cash equivalents are carried at cost, which approximates fair value. Cash and cash equivalents held as of June 30, 2024 and December 31, 2023 were $92 and $778, respectively.
Restricted Cash	Restricted Cash Restricted cash represents cash held by our counterparty as collateral against our derivative instruments until such contracts mature or are settled upon per agreement of buyer and seller of the contract. In accordance with ASC 230 , Statement of Cash Flows
Investment Transactions	Investment Transactions Investments are recognized when the Company assumes an obligation to acquire a financial instrument and assume the risks for gains and losses related to that instrument. Investments are derecognized when the Company assumes an obligation to sell a financial instrument and forego the risks for gains or losses related to that instrument. Specifically, the Company records all security transactions on a trade date basis. Amounts for investments recognized or derecognized but not yet settled are reported as a payable for investments purchased and a receivable for investments sold, respectively, in the Statements of Assets and Liabilities.
Unsettled Purchases and Sales of Investments	Unsettled Purchases and Sales of Investments Investment transactions are recorded based on the trade date of the transaction. As a result, unsettled purchases and sales are recorded as payables and receivables from unsettled transactions, respectively. While purchases and sales of the Company’s syndicated senior secured loans generally settle on a T+7 basis, the settlement period will sometimes extend past the scheduled settlement. In such cases, the Company generally is contractually owed and recognizes interest income equal to the applicable margin (“spread”) beginning on the T+7 date. Such income is accrued as interest receivable and is collected upon settlement of the investment transaction.
Investment Classification	Investment Classification In accordance with the provisions of the 1940 Act, the Company classifies investments by level of control. As defined in the 1940 Act, “Control Investments” are investments in those companies that the Company is deemed to “Control.” “Affiliate Investments” are investments in those companies that are “Affiliated Persons” of the Company, as defined in the 1940 Act, other than Control Investments. “Non-Control / Non-Affiliate Investments” are those that are neither Control Investments nor Affiliated Investments. Generally, under the 1940 Act, the Company is deemed to control a company in which it has invested if the Company owns more than 25.0% of the voting securities (i.e., securities with the right to elect directors) and/or has the power to exercise control over the management or policies of such portfolio company. Generally, under the 1940 Act, Affiliate Investments that are not otherwise Control Investments are defined as investments in which the Company owns at least 5.0%, up to 25.0% (inclusive), of the voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
Fair Value Measurements	Fair Value Measurements The Company follows guidance in ASC 820, Fair Value Measurement ASC 820 classifies the inputs used to measure these fair values into the following hierarchy: ● Level 1: Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. ● Level 2: Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. ● Level 3: Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. The Adviser’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The level assigned to the investment valuations may not be indicative of the risk or liquidity associated with investing in such investments. Because of the inherent uncertainties of valuation, the values reflected in the unaudited interim financial statements may differ materially from the values that would be received upon an actual disposition of such investments.
Investment Valuation Process	Investment Valuation Process The Adviser, as the Company’s valuation designee (the “Valuation Designee”), undertakes a multi-step valuation process under the supervision of the Board. In calculating the value of the Company’s total assets, the Adviser values investments for which market quotations are readily available at such market quotations if they are deemed to represent fair value. Debt and equity securities that are not publicly traded, whose market price is not readily available or whose market quotations are not deemed to represent fair value are valued at fair value as determined in good faith by the Valuation Designee, under the direction of our Board of Directors. Market quotations may be deemed not to represent fair value in certain circumstances where the Adviser reasonably believes that facts and circumstances applicable to an issuer, a seller or purchaser or the market for a particular security causes current market quotes not to reflect the fair value of the security. Examples of these events could include cases in which material events are announced after the close of the market on which a security is primarily traded, when a security trades infrequently causing a quoted purchase or sale price to become stale or in the event of a “fire sale” by a distressed seller. When market quotations are not readily available, the Valuation Designee seeks to obtain fair values from independent pricing services or at bid prices obtained from at least two brokers or dealers, if available, or otherwise from a principal market maker or a primary market dealer. ​ If the Valuation Designee has a bona fide reason to believe that any such market quotes or values from independent pricing services or broker/dealers does not reflect the fair value of an investment, a fair value may be determined for such investments by the Valuation Designee in accordance with the Company’s valuation procedures. At least once annually, the Adviser will utilize an independent third-party valuation firm to assist in determining fair value of each such investment.
Derivative Instruments	Derivative Instruments The Company recognizes all derivative instruments as assets or liabilities at fair value in its unaudited interim financial statements. Derivative contracts entered into by the Company are not designated as hedging instruments, and as a result the Company presents changes in fair value and realized gains or losses through current period earnings. Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process. The derivatives may require the Company to pay or receive an upfront fee or premium. These upfront fees or premiums are carried forward as cost or proceeds to the derivatives. Exchange-traded derivatives which include put and call options are valued based on the last reported sales price on the date of valuation. Over-the-counter (“OTC”) derivatives, including credit default swaps, are valued by the Adviser using quotations from counterparties. In instances where models are used, the value of the OTC derivative is derived from the contractual terms of, and specific risks inherent in, the instrument as well as the availability and reliability of observable inputs, such as credit spreads.
Offsetting Assets and Liabilities	Offsetting Assets and Liabilities The Company has elected not to offset cash collateral against the fair value of derivative contracts. The fair values of these derivatives are presented on a gross basis, even when derivatives are subject to master netting agreements.
Valuation of Other Financial Assets and Financial Liabilities	Valuation of Other Financial Assets and Financial Liabilities ASC 825, Financial Instruments
Realized Gains or Losses	Realized Gains or Losses Security transactions are accounted for on a trade date basis. Realized gains or losses on investments are calculated by using the specific identification method. Securities that have been called by the issuer are recorded at the call price on the call effective date.
Investment Income Recognition	Investment Income Recognition The Company records interest and dividend income, adjusted for amortization of premium and accretion of discount, on an accrual basis. Some of our loans and other investments, including certain preferred equity investments, may have contractual payment-in-kind (“PIK”) interest or dividends. PIK income computed at the contractual rate is accrued into income and reflected as receivable up to the capitalization date. PIK investments offer issuers the option at each payment date of making payments in cash or in additional securities. When additional securities are received, they typically have the same terms, including maturity dates and interest rates as the original securities issued. On these payment dates, the Company capitalizes the accrued interest or dividends receivable (reflecting such amounts as the basis in the additional securities received). PIK generally becomes due at maturity of the investment or upon the investment being called by the issuer. At that point, the Company believes PIK is not fully expected to be realized, the PIK investment will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are reversed from the related receivable through interest or dividend income, respectively. The Company does not reverse previously capitalized PIK interest or dividends. Upon capitalization, PIK is subject to the fair value estimates associated with their related investments. PIK investments on non-accrual status are restored to accrual status if the Company believes that PIK is expected to be realized. Investments that are expected to pay regularly scheduled interest and/or dividends in cash are generally placed on non-accrual status when principal or interest/dividend cash payments are past due 30 days or more and/or when it is no longer probable that principal or interest/dividend cash payments will be collected. Such non-accrual investments are restored to accrual status if past due principal and interest or dividends are paid in cash, and in management’s judgment, are likely to continue timely payment of their remaining interest or dividend obligations. Interest or dividend cash payments received on non-accrual designated investments may be recognized as income or applied to principal depending upon management’s judgment. Loan origination fees, original issue discount (“OID”), and market discounts are capitalized and accreted into interest income over the respective terms of the applicable loans using the effective interest method or straight-line, as applicable. Upon the prepayment of a loan, prepayment premiums, any unamortized loan origination fees, OID, or market discounts are recorded as interest income. Other income generally includes amendment fees, bridge fees, and structuring fees which are recorded when earned.
Foreign Currency Investments	Foreign Currency Investments The Company may invest in instruments traded in foreign countries and denominated in foreign currencies. Such positions are converted at the respective closing foreign exchange rates in effect at June 30, 2024 and December 31, 2023, respectively, and reported in U.S. dollars. Purchases and sales of investments and revenue and expense items denominated in foreign currencies, when they occur, are translated into U.S. dollars based on the foreign exchange rates in effect on the respective dates of such transactions. The portion of gains and losses on foreign investments resulting from fluctuations in foreign currencies is included in realized and unrealized gain (loss) on foreign currency investments, in the Statements of Operations. Investments in foreign companies and securities of foreign governments may involve special risks and considerations not typically associated with investing in U.S. companies and securities of the U.S. Government. These risks include, among other things, revaluation of currencies, less reliable information about issuers, different transaction clearance and settlement practices, and potential future adverse political and economic developments. Moreover, investments in foreign companies, securities of foreign governments and their markets may be less liquid and their prices more volatile than those of comparable U.S. companies and the U.S. Government.
Expenses	Expenses Expenses include management fees, performance-based incentive fees, interest expense, insurance expenses, administrative service fees, legal fees, directors’ fees, audit and tax service expenses, third-party valuation fees and other general and administrative expenses. Expenses are recognized on an accrual basis. As noted in Note 6, certain expenses of the Company are subject to a cap as agreed with the Adviser.
Organization and Offering Costs	Organization and Offering Costs The Adviser has agreed to reimburse the Company organization and offering costs in an amount not to exceed $1,000. Organization and offering costs will only be borne by the Company if such expense exceeds $1,000, at which time, costs associated with the organization of the Company will be expensed as incurred. Costs associated with the offering of shares of the Company will be charged to the paid-in-capital upon the sale of shares. For both the three and six months ended June 30, 2024 and 2023, the Adviser incurred organization expenses on behalf of the Company of $0.
Deferred Financing Costs and Debt Issuance Costs	Deferred Financing Costs and Debt Issuance Costs Deferred financing and debt issuance costs represent fees and other direct incremental costs incurred in connection with the Company’s borrowings. These expenses are deferred and amortized into interest expense over the life of the related debt instrument using the straight-line method. Deferred financing costs related to revolving credit facilities are presented separately as an asset on the Company’s Statements of Assets and Liabilities. Debt issuance costs related to any issuance of installment debt or notes are presented net against the outstanding debt balance of the related security.
Distributions	Distributions Distributions to common shareholders are recorded on the record date. The amount to be paid out as a distribution is determined by the Board of Directors and depends on the Company’s earnings, financial condition, maintenance of our tax treatment as a RIC, compliance with applicable BDC regulations and such factors as the Board may deem relevant from time to time. Distributions from net investment income and net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined in accordance with U.S. GAAP. The Company may pay distributions in excess of its taxable net investment income. This excess would be a tax-free return of capital in the period and reduce the shareholder’s tax basis in its shares. These book/tax differences are either temporary or permanent in nature. Temporary and permanent differences are primarily attributable to differences in the tax treatment of certain loans and the tax characterization of income and non-deductible expenses. These differences are generally determined in conjunction with the preparation of the Company’s annual RIC tax return. To the extent these differences are permanent, they are charged or credited to paid-in capital in excess of par or distributable earnings, as appropriate, in the period that the differences arise. The Company intends to timely distribute to its shareholders substantially all of its annual taxable income for each year, except that the Company may retain certain net capital gains for reinvestment and may carry forward taxable income for distribution in the following year and pay any applicable tax. The specific tax characteristics of the Company’s distributions will be reported to shareholders after the end of the calendar year. All distributions will be subject to available funds, and no assurance can be given that the Company will be able to declare such distributions in future periods. The Company has a dividend reinvestment plan that provides for reinvestment of all cash distributions declared by the Board of Directors unless a shareholder elects to “opt out” of the plan. As a result, if the Board of Directors declares a cash distribution, then the shareholders who have not “opted out” of the dividend reinvestment plan will have their cash distributions automatically reinvested in additional shares of common stock, rather than receiving the cash distribution. Shareholders who receive distributions in the form of shares of common stock will generally be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions and, for this purpose, shareholders receiving distributions in the form of stock will generally be treated as receiving distributions equal to the fair market value of the stock received through the plan; however, since their cash distributions will be reinvested, those shareholders will not receive cash with which to pay any applicable taxes.
Federal and State Income Taxes	Federal and State Income Taxes We have elected to be treated as a RIC, and we intend to qualify as a RIC under the Code and operate in a manner so as to qualify for the tax treatment applicable to RICs. To qualify as a RIC, the Company must (among other requirements) meet certain source-of-income and asset diversification requirements and timely distribute to its shareholders at least 90% of its investment company taxable income, as defined by the Code, for each year. The Company (among other requirements) intends to make the requisite distributions to its shareholders, which will generally relieve the Company from corporate-level income taxes. For income tax purposes, distributions made to shareholders are reported as ordinary income, capital gains, non-taxable return of capital, or a combination thereof. The tax character of distributions, if any, paid to shareholders may include return of capital, however, the exact amount cannot be determined at this point. The final determination of the tax character of distributions will not be made until we file Form 1099s for the tax year ending December 31, 2024. The character of income and gains that we will distribute is determined in accordance with income tax regulations that may differ from U.S. GAAP. Book and tax basis differences relating to shareholder dividend and distributions and other permanent book and tax differences are reclassified to paid-in capital. If we do not distribute (or are not deemed to have distributed) at least 98% of our annual ordinary income and 98.2% of our capital gain net income for the one-year period ending on October 31 of such calendar year, we will generally be required to pay excise tax equal to 4% of the amount by which 98% of our annual ordinary income and 98.2% of our capital gains exceed the distributions from such taxable income for the year. To the extent that we determine that our estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such taxable income, we accrue excise taxes, if any, on estimated undistributed taxable income. If we fail to satisfy the annual distribution requirement or otherwise fail to qualify as a RIC in any taxable year, we would be subject to tax on all of our taxable income at regular corporate rates. Distribution would generally be taxable to our individual and other non-corporate taxable shareholders as ordinary dividend income eligible for the reduced maximum rate applicable to qualified dividend income to the extent of our current and accumulated earnings and profits provided certain holding period and other requirements are met. Subject to certain limitation under the Code, corporate distributions would be eligible for the dividend-received deduction. To qualify again to be taxed as a RIC in a subsequent year, we would be required to distribute to our shareholders our accumulated earnings and profits attributable to non-RIC years. In addition, if we failed to qualify as a RIC for a period greater than two taxable years, then, in order to qualify as a RIC in a subsequent year, we would be required to elect to recognize and pay tax on any net built-in gain (the excess of aggregate gain, including items of income, over aggregate loss that would have been realized if we had been liquidated) or, alternatively, be subject to taxation on such built-in gain recognized for a period of five years. We follow ASC 740, Income Taxes
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company considers the applicability and impact of all accounting standard updates (“ASU”) issued by the FASB. The Company has assessed currently issued ASUs and has determined that they are not applicable or expected to have minimal impact on its unaudited interim financial statements. ​ 2. Summary of Significant Accounting Policies (Continued) In March 2020, the FASB issued Accounting Standards Update, 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting 2020-04 is effective for all entities as of March 12, 2020 through December 31, 2022. In December 2022, the FASB issued Accounting Standards Update 2022-06, Reference Rate Reform ​ The objective of the guidance in Topic 848 is to provide temporary relief during the transition period. The FASB included a sunset provision within Topic 848 based on expectations of when the London Interbank Offered Rate (“LIBOR”) would cease being published. At the time that Update 2020-04 was issued, the UK Financial Conduct Authority (FCA) had established its intent that it would no longer be necessary to persuade, or compel, banks to submit to LIBOR after December 31, 2021. As a result, the sunset provision was set for December 31, 2022—12 months after the expected cessation date of all currencies and tenors of LIBOR. In March 2021, the FCA announced that the intended cessation date of the overnight 1-, 3-, 6-, and 12-month tenors of USD LIBOR would be June 30, 2023, which is beyond the current sunset date of Topic 848. Because the current relief in Topic 848 may not cover a period of time during which a significant number of modifications may take place, the amendments in this Update defer the sunset date of Topic 848 from December 31, 2022 to December 31, 2024 (“FASB Sunset Date”), after which entities will no longer be permitted to apply the relief in Topic 848. ​ Management had evaluated the impact of Topic 848 on the Company’s investments, derivatives, debt and other contracts that will undergo reference rate-related modifications as a result of the Reference Rate Reform. Management has no concerns in adopting Topic 848 by the FASB Sunset Date. Management will continue to work with other financial institutions and counterparties to modify contracts as required by applicable regulation and within the regulatory deadlines. As of June 30, 2024, management believes these accounting standards have no impact on the Company and does not have any concerns of adopting the regulations by FASB Sunset Date. ​ SEC Disclosure Update and Simplification In December 2020, the SEC adopted Rule 2a-5. The rule establishes a consistent, principles-based framework for boards of directors to use in creating their own specific processes in order to determine fair values in good faith.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Investments
Schedule of fair values of investments disaggregated into three levels of fair value hierarchy	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements June 30, 2024 ​ Level 1 Level 2 (1) ​ Level 3 ​ Total Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First lien secured debt (2) ​ $ — ​ $ 164,022 ​ $ 122,072 ​ $ 286,094 Second lien secured debt ​ ​ — ​ ​ 23,307 ​ ​ 2,215 ​ ​ 25,522 Corporate bond ​ ​ — ​ ​ 57,895 ​ ​ 28,214 ​ ​ 86,109 Revolver ​ ​ — ​ ​ — ​ ​ 346 ​ ​ 346 Equity - Common stock ​ ​ — ​ ​ — ​ ​ 2,038 ​ ​ 2,038 Equity - Preferred equity ​ ​ — ​ ​ — ​ ​ 3,151 ​ ​ 3,151 Total investments ​ $ — ​ $ 245,224 ​ $ 158,036 ​ $ 403,260 Derivatives ​ $ — ​ $ 444 ​ $ — ​ $ 444 Cash equivalents ​ $ 43 ​ $ — ​ $ — ​ $ 43 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements December 31, 2023 ​ Level 1 Level 2 (1) ​ Level 3 ​ Total Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First lien secured debt (2) ​ $ — ​ $ 136,706 ​ $ 118,248 ​ $ 254,954 Second lien secured debt ​ ​ — ​ ​ — ​ ​ 2,012 ​ ​ 2,012 Corporate bond ​ ​ — ​ ​ 64,589 ​ ​ 28,147 ​ ​ 92,736 Revolver ​ ​ — ​ ​ 5,418 ​ ​ 584 ​ ​ 6,002 Equity - Common stock ​ ​ — ​ ​ — ​ ​ 267 ​ ​ 267 Equity - Preferred equity ​ ​ — ​ ​ — ​ ​ 3,151 ​ ​ 3,151 Total investments ​ $ — ​ $ 206,713 ​ $ 152,409 ​ $ 359,122 Derivatives ​ $ — ​ $ 271 ​ $ — ​ $ 271 Cash equivalents ​ $ 220 ​ $ — ​ $ — ​ $ 220 (1) Fair value based upon quoted prices in inactive markets or quotes for comparable investments. (2) Includes senior secured loans.
Schedule of unobservable inputs used in the fair value measurement of Level 3 investments	Unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2024 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ Range ​ Weighted ​ ​ Fair Value Valuation Technique ​ Unobservable Input Low High Average ​ Corporate bond $ 14,820 ​ Yield analysis ​ Market yield ​ 12.52% ​ 14.39% ​ 13.46% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 11.50x ​ 12.50x ​ 13.00x ​ Corporate bond ​ 13,394 ​ Yield analysis ​ Market yield ​ 11.35% ​ 12.07% ​ 11.71% ​ ​ ​ ​ ​ Black scholes option pricing model ​ Volatility ​ 10.00% ​ 41.50% ​ 25.75% ​ ​ ​ ​ ​ Black scholes option pricing model ​ Term ​ 2.10 years ​ 2.10 years ​ 2.10 years ​ ​ ​ ​ ​ Black scholes option pricing model ​ Risk free rate ​ 4.69% ​ 4.69% ​ 4.69% ​ First lien secured debt ​ 8,592 ​ Yield analysis ​ Market yield ​ 8.71% ​ 9.12% ​ 8.91% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 12.50x ​ 13.50x ​ 13.00x ​ First lien secured debt ​ 20,017 ​ Yield analysis ​ Market yield ​ 9.96% ​ 10.76% ​ 10.36% ​ First lien secured debt ​ 71,078 ​ Recent transactions ​ Transaction price ​ N/A ​ N/A ​ N/A ​ First lien secured debt ​ 22,385 ​ Market quotation ​ Market quotation ​ N/A ​ N/A ​ N/A ​ Second lien secured debt ​ 2,215 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ Discounted cash flow analysis ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 19.76x ​ 20.00x ​ 19.88x ​ Revolver ​ — ​ Yield analysis ​ Market yield ​ 8.71% ​ 9.12% ​ 8.91% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 12.50x ​ 13.50x ​ 13.00x ​ Revolver ​ 346 ​ Recent transactions ​ Transaction price ​ N/A ​ N/A ​ N/A ​ Equity - Preferred equity ​ 3,151 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ Discounted cash flow analysis ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 19.76x ​ 20.00x ​ 19.88x ​ Equity - Common stock ​ 2,038 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ Discounted cash flow analysis ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 19.76x ​ 20.00x ​ 19.88x ​ Total $ 158,036 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3. Investments (Continued) ​ Unobservable inputs used in the fair value measurement of Level 3 investments as of December 31, 2023 included the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Range ​ Weighted ​ ​ Fair Value Valuation Technique Unobservable Input Low High Average ​ Corporate bond $ 14,700 ​ Yield analysis Market yield 11.60% ​ 12.60% ​ 12.10% ​ Corporate bond ​ 13,447 ​ Yield analysis ​ Market yield ​ 13.08% ​ 13.08% ​ 13.08% ​ ​ ​ ​ ​ Black Scholes Option Pricing Model ​ Volatility ​ 10.00% ​ 47.50% ​ 28.75% ​ ​ ​ ​ ​ Black Scholes Option Pricing Model ​ Term ​ 2.60 years ​ 2.60 years ​ 2.60 years ​ ​ ​ ​ ​ Black Scholes Option Pricing Model ​ Risk free rate ​ 4.10% ​ 4.10% ​ 4.10% ​ First lien secured debt ​ 38,162 Yield analysis Market yield 9.86% ​ 11.91% ​ 10.81% ​ ​ ​ ​ EV market multiple analysis EBITDA multiple 11.50x ​ 13.25x ​ 12.47x ​ First lien secured debt ​ 29,931 Yield analysis Market yield 9.44% ​ 12.24% ​ 10.57% ​ First lien secured debt ​ 14,523 Recent transactions Transaction price N/A ​ N/A ​ N/A ​ First lien secured debt ​ 35,632 Market quotation N/A N/A ​ N/A ​ N/A ​ Second lien secured debt ​ 2,012 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ ​ ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ ​ ​ Revenue multiple ​ 0.38x ​ 0.45x ​ 0.41x ​ Revolver ​ (4) ​ Yield analysis ​ Market yield ​ 9.86% ​ 11.91% ​ 11.38% ​ ​ ​ ​ ​ EV market multiple analysis ​ EBITDA multiple ​ 12.00x ​ 13.25x ​ 12.75x ​ Revolver ​ 588 ​ Yield analysis ​ Market yield ​ 11.24% ​ 12.24% ​ 11.74% ​ Equity - Preferred equity ​ 3,151 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ ​ ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ ​ ​ Revenue multiple ​ 0.38x ​ 0.45x ​ 0.41x ​ Equity - Common stock ​ 267 ​ Discounted cash flow analysis ​ Discount rate ​ 33.25% ​ 35.25% ​ 34.25% ​ ​ ​ ​ ​ ​ ​ Revenue growth rate ​ 3.25% ​ 4.25% ​ 3.75% ​ ​ ​ ​ ​ ​ ​ Revenue multiple ​ 0.38x ​ 0.45x ​ 0.41x ​ Total $ 152,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of change to the value of an investment due to change in an unobservable input	​ Input Impact to Value if Input Increases Impact to Value if Input Decreases Discount rate Decrease Increase Revenue multiples Increase Decrease EBITDA multiples Increase Decrease Book value multiples Increase Decrease Implied volatility Increase Decrease Term Decrease Increase Yield Decrease Increase ​
Schedule of changes in investments categorized as Level 3	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2024 ​ First Lien Secured Debt Second Lien Secured Debt ​ Corporate Bond ​ Revolver ​ Equity - Preferred Equity ​ Equity - Common Stock ​ Total Investments Beginning balance ​ $ 112,639 ​ $ 2,134 ​ $ 28,305 ​ $ 515 ​ $ 3,151 ​ $ 1,868 ​ $ 148,612 Net realized and unrealized gains (losses) ​ ​ (133) ​ ​ 10 ​ ​ (243) ​ ​ 7 ​ ​ — ​ ​ 170 ​ ​ (189) Acquisitions (1) ​ ​ 41,790 ​ ​ 71 ​ ​ 152 ​ ​ (26) ​ ​ — ​ ​ — ​ ​ 41,987 Dispositions (2) ​ ​ (31,961) ​ ​ — ​ ​ — ​ ​ (150) ​ ​ — ​ ​ — ​ ​ (32,111) Transfers in (out) of Level 3 (3) ​ ​ (263) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (263) Ending balance ​ $ 122,072 ​ $ 2,215 ​ $ 28,214 ​ $ 346 ​ $ 3,151 ​ $ 2,038 ​ $ 158,036 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above) ​ $ 372 ​ $ 11 ​ $ (243) ​ $ 7 ​ $ — ​ $ 170 ​ $ 317 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2024 ​ First Lien Secured Debt Second Lien Secured Debt ​ Corporate Bond ​ Revolver ​ Equity - Preferred Equity ​ Equity - Common Stock ​ Total Investments Beginning balance ​ $ 118,248 ​ $ 2,012 ​ $ 28,147 ​ $ 584 ​ $ 3,151 ​ $ 267 ​ $ 152,409 Net realized and unrealized gains (losses) ​ ​ 138 ​ ​ 26 ​ ​ (235) ​ ​ 10 ​ ​ — ​ ​ 1,771 ​ ​ 1,710 Acquisitions (1) ​ ​ 80,401 ​ ​ 177 ​ ​ 302 ​ ​ 152 ​ ​ — ​ ​ — ​ ​ 81,032 Dispositions (2) ​ ​ (64,155) ​ ​ — ​ ​ — ​ ​ (400) ​ ​ — ​ ​ — ​ ​ (64,555) Transfers in (out) of Level 3 (3) ​ ​ (12,560) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (12,560) Ending balance ​ $ 122,072 ​ $ 2,215 ​ $ 28,214 ​ $ 346 ​ $ 3,151 ​ $ 2,038 ​ $ 158,036 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above) ​ $ 823 ​ $ 26 ​ $ (235) ​ $ 11 ​ $ — ​ $ 1,771 ​ $ 2,396 (1) (2) (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2023 ​ First Lien Term Loan ​ Second Lien Secured Debt Corporate Bond ​ Revolver ​ Equity - Preferred Equity ​ Equity - Preferred Equity ​ Total Investments Beginning balance ​ $ 57,950 ​ $ — ​ $ 27,255 ​ $ 31 ​ $ — ​ $ — ​ $ 85,236 Net realized and unrealized gains (losses) ​ ​ (113) ​ ​ — ​ ​ 204 ​ ​ 7 ​ ​ — ​ ​ — ​ ​ 98 Acquisitions (1) ​ ​ 31,259 ​ ​ — ​ ​ 144 ​ ​ 504 ​ ​ — ​ ​ — ​ ​ 31,907 Dispositions ​ ​ (126) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (126) Ending balance ​ $ 88,970 ​ $ — ​ $ 27,603 ​ $ 542 ​ $ — ​ $ — ​ $ 117,115 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above) ​ $ 2 ​ $ — ​ $ 204 ​ $ 7 ​ $ — ​ $ — ​ $ 213 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2023 ​ First Lien Secured Debt Second Lien Secured Debt ​ Corporate Bond ​ Revolver ​ Equity - Preferred Equity ​ Equity - Common Stock ​ Total Investments Beginning balance ​ $ 8,420 ​ $ — ​ $ 27,605 ​ $ (34) ​ $ — ​ $ — ​ $ 35,991 Net realized and unrealized gains (losses) ​ ​ (111) ​ ​ — ​ ​ (293) ​ ​ 5 ​ ​ — ​ ​ — ​ ​ (399) Acquisitions (1) ​ ​ 80,865 ​ ​ — ​ ​ 291 ​ ​ 1,071 ​ ​ — ​ ​ — ​ ​ 82,227 Dispositions (2) ​ ​ (204) ​ ​ — ​ ​ — ​ ​ (500) ​ ​ — ​ ​ — ​ ​ (704) Ending balance ​ $ 88,970 ​ $ — ​ $ 27,603 ​ $ 542 ​ $ — ​ $ — ​ $ 117,115 Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above) ​ $ (116) ​ $ — ​ $ (293) ​ $ 5 ​ $ — ​ $ — ​ $ (404) (1) (2)

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments
Schedule of fair value of derivative instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 Derivative Instrument ​ Notional Amount Maturity Date Gross Amount of Recognized Assets Gross Amount of Recognized Liabilities Statement Location Interest rate swap ​ $ 7,000 ​ 6/17/2027 ​ $ 207 ​ $ — ​ Derivatives, at fair value Interest rate swap ​ $ 5,000 ​ 7/7/2027 ​ $ 237 ​ $ — ​ Derivatives, at fair value Total ​ $ 12,000 ​ ​ ​ $ 444 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 Derivative Instrument ​ Notional Amount Maturity Date Gross Amount of Recognized Assets Gross Amount of Recognized Liabilities Statement Location Interest rate swap ​ $ 7,000 ​ 6/17/2027 ​ $ 98 ​ $ — ​ Derivatives, at fair value Interest rate swap ​ $ 5,000 ​ 7/7/2027 ​ $ 173 ​ $ — ​ Derivatives, at fair value Total ​ $ 12,000 ​ ​ ​ $ 271 ​ $ — ​ ​
Schedule of derivative instruments net realized and unrealized gain (loss)	Net realized gain (loss) on derivative instruments recognized by the Company for the three and six months ended June 30, 2024 and 2023 is presented in the following location in the Statements of Operations: ​ ​ ​ ​ ​ ​ ​ Statement Location For the Three Months Ended June 30, 2024 ​ For the Six Months Ended June 30, 2024 Net realized and unrealized gain (loss) from derivatives ​ $ 104 ​ $ 580 ​ ​ $ 104 ​ $ 580 ​ ​ ​ ​ ​ ​ ​ ​ Statement Location For the Three Months Ended June 30, 2023 ​ For the Six Months Ended June 30, 2023 Net realized and unrealized gain (loss) from derivatives ​ $ 36 ​ $ 99 ​ ​ $ 36 ​ $ 99 ​ Net unrealized gain (loss) on derivative instruments recognized by the Company for the three and six months ended June 30, 2024 and 2023 is presented in the following location in the Statements of Operations: ​ ​ ​ ​ ​ ​ ​ ​ Statement Location For the Three Months Ended June 30, 2024 ​ For the Six Months Ended June 30, 2024 Net realized and unrealized gain (loss) from derivatives ​ $ 29 ​ $ 174 ​ ​ $ 29 ​ $ 174 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Statement Location For the Three Months Ended June 30, 2023 ​ For the Six Months Ended June 30, 2023 Net realized and unrealized gain (loss) from derivatives ​ $ 283 ​ $ 109 ​ ​ $ 283 ​ $ 109 ​

Transactions with Affiliated _2

Transactions with Affiliated Companies (Tables)	6 Months Ended
	Jun. 30, 2024
Transactions with Affiliated Companies
Schedule of transactions with affiliated companies	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Portfolio Company ​ Asset Type ​ Fair value at December 31, 2023 ​ Transfers in (out) ​ Purchases (cost) ​ Sales and paydowns ​ PIK interest (cost) ​ Amortization ​ Net realized gain (loss) ​ Net unrealized gain (loss) ​ Fair value at June 30, 2024 Non-controlled/affiliated company investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carlson Travel, Inc. ​ First Lien Secured Debt ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Carlson Travel, Inc. ​ Second Lien Secured Debt ​ ​ 2,012 ​ ​ — ​ ​ — ​ ​ — ​ ​ 177 ​ ​ — ​ ​ — ​ ​ 26 ​ ​ 2,215 Carlson Travel, Inc. ​ Equity - Common Stock ​ ​ 267 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,771 ​ ​ 2,038 Carlson Travel, Inc. ​ Equity - Preferred Equity ​ ​ 3,151 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,151 ​ ​ ​ ​ $ 5,430 ​ $ — ​ $ — ​ $ — ​ $ 177 ​ $ — ​ $ — ​ $ 1,797 ​ $ 7,404 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PREIT Associates LP ​ Second Lien Secured Debt ​ $ — ​ $ 20,059 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 101 ​ $ 20,160 ​ ​ ​ ​ $ — ​ $ 20,059 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 101 ​ $ 20,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TPC Group, Inc. ​ Corporate Bond ​ $ 22,404 ​ $ — ​ $ — ​ $ (3,182) ​ $ — ​ $ (11) ​ $ 11 ​ $ (154) ​ $ 19,068 ​ ​ ​ ​ $ 22,404 ​ $ — ​ $ — ​ $ (3,182) ​ $ — ​ $ (11) ​ $ 11 ​ $ (154) ​ $ 19,068 Total non-controlled/affiliated company investments ​ ​ ​ $ 27,834 ​ $ 20,059 ​ $ — ​ $ (3,182) ​ $ 177 ​ $ (11) ​ $ 11 ​ $ 1,744 ​ $ 46,632 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, ​ ​ ​ ​ 2024 ​ 2023 Portfolio Company ​ Asset Type ​ Interest Income ​ Dividend Income ​ Fee Income ​ Interest Income ​ Dividend Income ​ Fee Income Non-controlled/affiliated company investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carlson Travel, Inc. ​ First Lien Secured Debt ​ $ — ​ $ — ​ $ — ​ $ n/a ​ $ n/a ​ $ n/a Carlson Travel, Inc. ​ Second Lien Secured Debt ​ ​ 140 ​ ​ — ​ ​ — ​ ​ n/a ​ ​ n/a ​ ​ n/a Carlson Travel, Inc. ​ Equity - Common Stock ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ n/a ​ ​ n/a Carlson Travel, Inc. ​ Equity - Preferred Equity ​ ​ — ​ ​ — ​ ​ — ​ ​ n/a ​ ​ n/a ​ ​ n/a ​ ​ ​ ​ $ 140 ​ $ — ​ $ — ​ $ n/a ​ $ n/a ​ $ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ PREIT Associates LP ​ Second Lien Secured Debt ​ $ 626 ​ $ — ​ $ 1 ​ $ n/a ​ $ n/a ​ $ n/a ​ ​ ​ ​ $ 626 ​ $ — ​ $ 1 ​ $ n/a ​ $ n/a ​ $ n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ TPC Group, Inc. ​ Corporate Bond ​ $ 1,315 ​ $ — ​ $ — ​ $ 538 ​ $ n/a ​ $ n/a ​ ​ ​ ​ $ 1,315 ​ $ — ​ $ — ​ $ 538 ​ $ n/a ​ $ n/a Total non-controlled/affiliated company investments ​ ​ ​ $ 2,081 ​ $ — ​ $ 1 ​ $ 538 ​ $ n/a ​ $ n/a ​

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt
Summary of the average and maximum debt outstanding, and the interest and debt issuance cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2024 ​ For the Six Months Ended June 30, 2023 Average debt outstanding ​ $ 146,214 ​ ​ $ 157,845 ​ Maximum amount of debt outstanding ​ $ 178,186 ​ ​ $ 190,702 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average annualized interest and other debt expenses (1) ​ ​ 8.45 % ​ ​ 7.42 % Annualized amortized debt issuance cost ​ 0.68 % ​ 0.59 % Total annualized interest and other debt expenses ​ ​ 9.13 % ​ ​ 8.01 % (1) Includes the stated interest expense and commitment fees on the unused portion of the Credit Agreement. Commitment fees for the six months ended June 30, 2024 and 2023 were $274 and $6 , respectively.
Summary of total expenses related to debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2024 ​ For the Six Months Ended June 30, 2024 Interest and other debt expenses ​ $ 3,175 ​ ​ $ 6,179 Amortization of deferred debt issuance costs ​ 246 ​ ​ 493 Total interest and other debt expenses ​ $ 3,421 ​ ​ $ 6,672 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended June 30, 2023 ​ For the Six Months Ended June 30, 2023 Interest and other debt expenses ​ $ 3,194 ​ ​ $ 5,888 Amortization of deferred debt issuance costs ​ 240 ​ ​ 468 Total interest and other debt expenses ​ $ 3,434 ​ ​ $ 6,356 ​

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies.
Summary of unfunded commitments under revolving loan facilities and other commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments—non-controlled/non-affiliated Commitment Type Commitment Expiration Date Unfunded Commitment at June 30, 2024 Unfunded Commitment at December 31, 2023 Accession Risk Management Group, Inc. ​ Delayed Draw ​ 11/1/2029 ​ $ 859 ​ $ 4,916 Athena Holdco S.A.S. ​ Delayed Draw ​ 4/18/2030 ​ ​ — ​ ​ 2,300 Beacon Oral Specialists Management LLC ​ Delayed Draw ​ 12/14/2026 ​ ​ 17,500 ​ ​ — Doncasters US Finance LLC ​ Delayed Draw ​ 4/23/2030 ​ ​ 1,419 ​ ​ — Energy Acquisition LP ​ Delayed Draw ​ 5/9/2029 ​ ​ 1,040 ​ ​ — Gannett Fleming, Inc. ​ Revolver ​ 12/20/2028 ​ ​ 1,364 ​ ​ 1,364 Hornblower Holdings, LP ​ Revolver ​ 7/3/2029 ​ ​ 2,703 ​ ​ — Ironhorse Purchaser, LLC ​ Revolver ​ 9/30/2027 ​ ​ 623 ​ ​ 398 Ironhorse Purchaser, LLC ​ Delayed Draw ​ 9/30/2027 ​ ​ 1,043 ​ ​ 1,043 K1 Speed, Inc ​ Delayed Draw ​ 1/2/2029 ​ ​ 4,246 ​ ​ 3,200 Keel Platform, LLC ​ Delayed Draw ​ 1/19/2031 ​ ​ 1,579 ​ ​ 1,835 PT Intermediate Holdings III, LLC ​ Delayed Draw ​ 11/1/2028 ​ ​ — ​ ​ 4,350 Total Unfunded Commitments ​ ​ ​ ​ ​ $ 32,376 ​ $ 19,406 ​

Shareholders' Equity and Divi_2

Shareholders' Equity and Dividends (Tables)	6 Months Ended
	Jun. 30, 2024
Shareholders' Equity and Dividends
Schedule of dividends declared and paid	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Date Declared ​ Record Date Payment Date Type Amount Per Share Total Amount March 14, 2024 ​ March 31, 2024 ​ April 26, 2024 ​ Regular ​ $ 0.38 ​ $ 6,273 June 18, 2024 ​ June 28, 2024 ​ July 31, 2024 ​ Regular ​ ​ 0.38 ​ ​ 6,310 ​ ​ ​ ​ ​ ​ ​ ​ $ 0.76 ​ $ 12,583 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Date Declared ​ Record Date Payment Date Type Amount Per Share Total Amount March 13, 2023 ​ March 31, 2023 ​ April 28, 2023 ​ Regular ​ $ 0.38 ​ $ 4,857 June 15, 2023 ​ June 30, 2023 ​ July 27, 2023 ​ Regular ​ $ 0.38 ​ ​ 5,458 ​ ​ ​ ​ ​ ​ ​ ​ $ 0.76 ​ $ 10,315 ​

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Jun. 30, 2024
Financial Highlights
Schedule of financial highlights	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2024 ​ ​ For the Six Months Ended June 30, 2023 ​ Per Share Data: ​ ​ ​ ​ ​ ​ ​ ​ Per share NAV at beginning of period ​ $ 12.75 ​ ​ $ 13.48 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment operations: ​ ​ ​ ​ ​ ​ ​ ​ Net investment income (1) ​ ​ 0.98 ​ ​ ​ 1.02 ​ Net realized and unrealized gain (loss) ​ ​ 0.27 ​ ​ ​ (0.43) ​ Net increase (decrease) in net assets from operations (2) ​ ​ 1.25 ​ ​ ​ 0.59 ​ Distributions declared from net investment income ​ ​ (0.76) ​ ​ ​ (0.76) ​ Issuance of shares and others (2) ​ ​ — ​ ​ ​ 0.09 ​ Total increase (decrease) in net assets ​ ​ 0.49 ​ ​ ​ (0.08) ​ Per share NAV at end of period ​ $ 13.24 ​ ​ $ 13.40 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total return based on net asset value (3) ​ ​ 9.80 % ​ ​ 4.38 % ​ ​ ​ ​ ​ ​ ​ ​ ​ Shares outstanding at end of period ​ ​ 16,604,282 ​ ​ ​ 14,362,829 ​ Ratios to average net asset value: (4) ​ ​ ​ ​ ​ ​ ​ ​ Net investment income ​ ​ 15.29 % ​ ​ 15.18 % Expenses before incentive fee (5) ​ ​ 8.31 % ​ ​ 9.67 % Expenses after incentive fee (6) ​ ​ 9.65 % ​ ​ 9.99 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net assets at end of period (in thousands) ​ $ 219,889 ​ ​ $ 192,511 ​ Ending net asset value ​ $ 13.24 ​ ​ $ 13.40 ​ Portfolio turnover rate ​ 37.11 % ​ 10.02 % Weighted-average debt outstanding ​ $ 146,214 ​ ​ $ 157,845 ​ Weighted-average interest rate on debt ​ 9.13 % ​ 8.01 % Weighted-average number of shares of common stock ​ 16,554,772 ​ ​ 12,760,590 ​ Weighted-average debt per share ​ $ 8.83 ​ ​ $ 12.37 ​ Asset coverage ratio (7) ​ ​ 224.2 % ​ ​ 205.8 % (1) Per share changes in net asset value are computed based on the weighted average of shares outstanding during the time such activity occurred. (2) Includes the impact of different amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. (3) Not annualized for periods less than one year. Total return based on net asset value equals the change in net asset value per share from investment operations during the period divided by the beginning net asset value per share at the beginning of the period. (4) Annualized for periods less than one year except for incentive fees and other certain non-recurring expenses and non-recurring income. Weighted average net assets were calculated based on considering the capital call activity during the period. (5) Includes all Company expenses, including interest and other debt costs prior to contractual expense reimbursement by the Investment Advisor. (6) Includes incentive fees and all Company expenses including interest and other debt costs prior to contractual expense reimbursement by the Investment Advisor. (7) In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing.

Organization and Nature of Op_2

Organization and Nature of Operations (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Minimum
Organization and Nature of Operations
Earnings before interest ,tax , depreciation and amortization in middle market companies	$ 50
Maximum
Organization and Nature of Operations
Earnings before interest ,tax , depreciation and amortization in middle market companies	$ 300

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Summary of Significant Accounting Policies
Cash and cash equivalents	$ 92		$ 92		$ 778
Restricted cash held as collateral for interest rate swaps	0		0		$ 224
Advisor
Summary of Significant Accounting Policies
Payment of organization cost	0	$ 0	0	$ 0
Less Than or Equal to $1000
Summary of Significant Accounting Policies
Organizational costs limit agreed to pay by related party	1,000		1,000
More Than $1000
Summary of Significant Accounting Policies
Organizational costs limit agreed to pay by related party	$ 1,000		$ 1,000

Investments - Fair Value Measur

Investments - Fair Value Measurements of Company's Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 403,260	$ 359,122
Derivatives	444	271
Cash equivalents	43	220
Level 1
Investments
Cash equivalents	43	220
Level 2
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	245,224	206,713
Derivatives	444	271
Level 3
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	158,036	152,409
First Lien Secured Debt
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	286,094	254,954
First Lien Secured Debt | Level 2
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	164,022	136,706
First Lien Secured Debt | Level 3
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	122,072	118,248
Second lien secured debt
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	25,522	2,012
Second lien secured debt | Level 2
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	23,307
Second lien secured debt | Level 3
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	2,215	2,012
Corporate Bond
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	86,109	92,736
Corporate Bond | Level 2
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	57,895	64,589
Corporate Bond | Level 3
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	28,214	28,147
Revolver
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	346	6,002
Revolver | Level 2
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)		5,418
Revolver | Level 3
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	346	584
Equity - Common Stock
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	2,038	267
Equity - Common Stock | Level 3
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	2,038	267
Equity - Preferred Equity
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	3,151	3,151
Equity - Preferred Equity | Level 3
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,151	$ 3,151

Investments - Quantitative Info

Investments - Quantitative Information About Level 3 Fair Value Measurements (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) Y	Dec. 31, 2023 USD ($) Y
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 403,260	$ 359,122
Minimum
Investments
Valuation technique receiving a relative weight (as a percent)	0%
Maximum
Investments
Valuation technique receiving a relative weight (as a percent)	100%
Corporate Bond
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 86,109	92,736
First Lien Secured Debt
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	286,094	254,954
Second lien secured debt
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	25,522	2,012
Equity - Preferred Equity
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	3,151	3,151
Equity - Common Stock
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	2,038	267
Level 3
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	158,036	152,409
Level 3 | Corporate Bond
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	28,214	28,147
Level 3 | Corporate Bond | Environmental Industries
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	13,394	13,447
Level 3 | Corporate Bond | Software
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 14,820	$ 14,700
Level 3 | Corporate Bond | Yield analysis | Market yield | Software
Investments
Measurement inputs	0.1346
Level 3 | Corporate Bond | Yield analysis | Market yield | Minimum | Environmental Industries
Investments
Measurement inputs	0.1135	0.1308
Level 3 | Corporate Bond | Yield analysis | Market yield | Minimum | Software
Investments
Measurement inputs	0.1252	0.1160
Level 3 | Corporate Bond | Yield analysis | Market yield | Maximum | Environmental Industries
Investments
Measurement inputs	0.1207	0.1308
Level 3 | Corporate Bond | Yield analysis | Market yield | Maximum | Software
Investments
Measurement inputs	0.1439	0.1260
Level 3 | Corporate Bond | Yield analysis | Market yield | Weighted Average | Environmental Industries
Investments
Measurement inputs	0.1171	0.1308
Level 3 | Corporate Bond | Yield analysis | Market yield | Weighted Average | Software
Investments
Measurement inputs		0.1210
Level 3 | Corporate Bond | EV market multiple analysis | EBITDA multiple | Minimum | Software
Investments
Measurement inputs	0.1150
Level 3 | Corporate Bond | EV market multiple analysis | EBITDA multiple | Maximum | Software
Investments
Measurement inputs	0.1250
Level 3 | Corporate Bond | EV market multiple analysis | EBITDA multiple | Weighted Average | Software
Investments
Measurement inputs	0.1300
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Volatility | Minimum | Environmental Industries
Investments
Measurement inputs	0.1000	0.1000
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Volatility | Maximum | Environmental Industries
Investments
Measurement inputs	0.4150	0.4750
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Volatility | Weighted Average | Environmental Industries
Investments
Measurement inputs	0.2575	0.2875
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Term | Minimum | Environmental Industries
Investments
Measurement inputs | Y	0.0210	2.60
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Term | Maximum | Environmental Industries
Investments
Measurement inputs | Y	0.0210	2.60
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Term | Weighted Average | Environmental Industries
Investments
Measurement inputs | Y	0.0210	2.60
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Risk Free Rate | Minimum | Environmental Industries
Investments
Measurement inputs	0.0469	0.0410
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Risk Free Rate | Maximum | Environmental Industries
Investments
Measurement inputs	0.0469	0.0410
Level 3 | Corporate Bond | Black Scholes Option Pricing Model | Risk Free Rate | Weighted Average | Environmental Industries
Investments
Measurement inputs	0.0469	0.0410
Level 3 | First Lien Secured Debt
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 122,072	$ 118,248
Level 3 | First Lien Secured Debt One
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 8,592	$ 38,162
Level 3 | First Lien Secured Debt One | Yield analysis | Market yield | Minimum
Investments
Measurement inputs	0.0871	0.0986
Level 3 | First Lien Secured Debt One | Yield analysis | Market yield | Maximum
Investments
Measurement inputs	0.0912	0.1191
Level 3 | First Lien Secured Debt One | Yield analysis | Market yield | Weighted Average
Investments
Measurement inputs	0.0891	0.1081
Level 3 | First Lien Secured Debt One | EV market multiple analysis | EBITDA multiple | Minimum
Investments
Measurement inputs	0.1250	11.50
Level 3 | First Lien Secured Debt One | EV market multiple analysis | EBITDA multiple | Maximum
Investments
Measurement inputs	0.1350	13.25
Level 3 | First Lien Secured Debt One | EV market multiple analysis | EBITDA multiple | Weighted Average
Investments
Measurement inputs	0.1300	12.47
Level 3 | First Lien Secured Debt Two
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 20,017	$ 29,931
Level 3 | First Lien Secured Debt Two | Yield analysis | Market yield | Minimum
Investments
Measurement inputs	0.0996	0.0944
Level 3 | First Lien Secured Debt Two | Yield analysis | Market yield | Maximum
Investments
Measurement inputs	0.1076	0.1224
Level 3 | First Lien Secured Debt Two | Yield analysis | Market yield | Weighted Average
Investments
Measurement inputs	0.1036	0.1057
Level 3 | First Lien Secured Debt Three
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 71,078	$ 14,523
Level 3 | First Lien Secured Debt Four
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	22,385	35,632
Level 3 | Second lien secured debt
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 2,215	$ 2,012
Level 3 | Second lien secured debt | EV market multiple analysis | EBITDA multiple | Minimum
Investments
Measurement inputs	0.1976
Level 3 | Second lien secured debt | EV market multiple analysis | EBITDA multiple | Maximum
Investments
Measurement inputs	0.2000
Level 3 | Second lien secured debt | EV market multiple analysis | EBITDA multiple | Weighted Average
Investments
Measurement inputs	0.1988
Level 3 | Second lien secured debt | Discounted cash flow analysis | Discount rate | Minimum
Investments
Measurement inputs	0.3325	0.3325
Level 3 | Second lien secured debt | Discounted cash flow analysis | Discount rate | Maximum
Investments
Measurement inputs	0.3525	0.3525
Level 3 | Second lien secured debt | Discounted cash flow analysis | Discount rate | Weighted Average
Investments
Measurement inputs	0.3425	0.3425
Level 3 | Second lien secured debt | Discounted cash flow analysis | Revenue growth rate | Minimum
Investments
Measurement inputs	0.0325	0.0325
Level 3 | Second lien secured debt | Discounted cash flow analysis | Revenue growth rate | Maximum
Investments
Measurement inputs	0.0425	0.0425
Level 3 | Second lien secured debt | Discounted cash flow analysis | Revenue growth rate | Weighted Average
Investments
Measurement inputs	0.0375	0.0375
Level 3 | Second lien secured debt | Discounted cash flow analysis | Revenue multiple | Minimum
Investments
Measurement inputs		0.38
Level 3 | Second lien secured debt | Discounted cash flow analysis | Revenue multiple | Maximum
Investments
Measurement inputs		0.45
Level 3 | Second lien secured debt | Discounted cash flow analysis | Revenue multiple | Weighted Average
Investments
Measurement inputs		0.41
Level 3 | Revolver One
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)		$ (4)
Level 3 | Revolver One | Yield analysis | Market yield | Minimum
Investments
Measurement inputs	0.0871	0.0986
Level 3 | Revolver One | Yield analysis | Market yield | Maximum
Investments
Measurement inputs	0.0912	0.1191
Level 3 | Revolver One | Yield analysis | Market yield | Weighted Average
Investments
Measurement inputs	0.0891	0.1138
Level 3 | Revolver One | EV market multiple analysis | EBITDA multiple | Minimum
Investments
Measurement inputs	0.1250	12
Level 3 | Revolver One | EV market multiple analysis | EBITDA multiple | Maximum
Investments
Measurement inputs	0.1350	13.25
Level 3 | Revolver One | EV market multiple analysis | EBITDA multiple | Weighted Average
Investments
Measurement inputs	0.1300	12.75
Level 3 | Revolver Two
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 346	$ 588
Level 3 | Revolver Two | Yield analysis | Market yield | Minimum
Investments
Measurement inputs		0.1124
Level 3 | Revolver Two | Yield analysis | Market yield | Maximum
Investments
Measurement inputs		0.1224
Level 3 | Revolver Two | Yield analysis | Market yield | Weighted Average
Investments
Measurement inputs		0.1174
Level 3 | Equity - Preferred Equity
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 3,151	$ 3,151
Level 3 | Equity - Preferred Equity | EV market multiple analysis | EBITDA multiple | Minimum
Investments
Measurement inputs	0.1976
Level 3 | Equity - Preferred Equity | EV market multiple analysis | EBITDA multiple | Maximum
Investments
Measurement inputs	0.2000
Level 3 | Equity - Preferred Equity | EV market multiple analysis | EBITDA multiple | Weighted Average
Investments
Measurement inputs	0.1988
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Discount rate | Minimum
Investments
Measurement inputs	0.3325	0.3325
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Discount rate | Maximum
Investments
Measurement inputs	0.3525	0.3525
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Discount rate | Weighted Average
Investments
Measurement inputs	0.3425	0.3425
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Revenue growth rate | Minimum
Investments
Measurement inputs	0.0325	0.0325
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Revenue growth rate | Maximum
Investments
Measurement inputs	0.0425	0.0425
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Revenue growth rate | Weighted Average
Investments
Measurement inputs	0.0375	0.0375
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Revenue multiple | Minimum
Investments
Measurement inputs		0.38
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Revenue multiple | Maximum
Investments
Measurement inputs		0.45
Level 3 | Equity - Preferred Equity | Discounted cash flow analysis | Revenue multiple | Weighted Average
Investments
Measurement inputs		0.41
Level 3 | Equity - Common Stock
Investments
Total Investments (Non-controlled/Non-affiliated/Affiliated)	$ 2,038	$ 267
Level 3 | Equity - Common Stock | EV market multiple analysis | EBITDA multiple | Minimum
Investments
Measurement inputs	0.1976
Level 3 | Equity - Common Stock | EV market multiple analysis | EBITDA multiple | Maximum
Investments
Measurement inputs	0.2000
Level 3 | Equity - Common Stock | EV market multiple analysis | EBITDA multiple | Weighted Average
Investments
Measurement inputs	0.1988
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Discount rate | Minimum
Investments
Measurement inputs	0.3325	0.3325
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Discount rate | Maximum
Investments
Measurement inputs	0.3525	0.3525
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Discount rate | Weighted Average
Investments
Measurement inputs	0.3425	0.3425
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Revenue growth rate | Minimum
Investments
Measurement inputs	0.0325	0.0325
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Revenue growth rate | Maximum
Investments
Measurement inputs	0.0425	0.0425
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Revenue growth rate | Weighted Average
Investments
Measurement inputs	0.0375	0.0375
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Revenue multiple | Minimum
Investments
Measurement inputs		0.38
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Revenue multiple | Maximum
Investments
Measurement inputs		0.45
Level 3 | Equity - Common Stock | Discounted cash flow analysis | Revenue multiple | Weighted Average
Investments
Measurement inputs		0.41

Investments - Changes in Invest

Investments - Changes in Investments Categorized as Level 3 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in investments categorized as Level 3
Beginning balance	$ 148,612	$ 85,236	$ 152,409	$ 35,991
Net realized and unrealized gains (losses)	$ (189)	$ 98	$ 1,710	$ (399)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax	Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax	Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax	Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax
Acquisitions (1)	$ 41,987	$ 31,907	$ 81,032	$ 82,227
Dispositions (2)	(32,111)	(126)	(64,555)	(704)
Transfers in (out) of Level 3	(263)		(12,560)
Ending Balance	158,036	117,115	158,036	117,115
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above)	$ 317	$ 213	$ 2,396	$ (404)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax	Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax	Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax	Gain (Loss), Investment, Derivative, and Foreign Currency Transaction Price Change, Operating, after Tax
Transfers of assets from level 1 to 2	$ 0		$ 0
Transfers of assets from level 2 to 1	0		0
First Lien Secured Debt
Changes in investments categorized as Level 3
Beginning balance	112,639	$ 57,950	118,248	$ 8,420
Net realized and unrealized gains (losses)	(133)	(113)	138	(111)
Acquisitions (1)	41,790	31,259	80,401	80,865
Dispositions (2)	(31,961)	(126)	(64,155)	(204)
Transfers in (out) of Level 3	(263)		(12,560)
Ending Balance	122,072	88,970	122,072	88,970
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above)	372	2	823	(116)
Second lien secured debt
Changes in investments categorized as Level 3
Beginning balance	2,134		2,012
Net realized and unrealized gains (losses)	10		26
Acquisitions (1)	71		177
Ending Balance	2,215		2,215
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above)	11		26
Corporate Bond
Changes in investments categorized as Level 3
Beginning balance	28,305	27,255	28,147	27,605
Net realized and unrealized gains (losses)	(243)	204	(235)	(293)
Acquisitions (1)	152	144	302	291
Ending Balance	28,214	27,603	28,214	27,603
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above)	(243)	204	(235)	(293)
Revolver
Changes in investments categorized as Level 3
Beginning balance	515	31	584	(34)
Net realized and unrealized gains (losses)	7	7	10	5
Acquisitions (1)	(26)	504	152	1,071
Dispositions (2)	(150)		(400)	(500)
Ending Balance	346	542	346	542
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above)	7	$ 7	11	$ 5
Equity - Preferred Equity
Changes in investments categorized as Level 3
Beginning balance	3,151		3,151
Ending Balance	3,151		3,151
Equity - Common Stock
Changes in investments categorized as Level 3
Beginning balance	1,868		267
Net realized and unrealized gains (losses)	170		1,771
Ending Balance	2,038		2,038
Net change in unrealized appreciation/depreciation during the period on investments still held at period end (included in net realized and unrealized gains/losses above)	$ 170		$ 1,771

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivative Instruments
Notional Amount	$ 12,000	$ 12,000
Gross Amount of Recognized Assets	444	271
Interest rate swap maturity date June 17 2027
Derivative Instruments
Notional Amount	7,000	7,000
Gross Amount of Recognized Assets	207	98
Interest rate swap maturity date July 7 2027
Derivative Instruments
Notional Amount	5,000	5,000
Gross Amount of Recognized Assets	$ 237	$ 173

Derivative Instruments - Net Re

Derivative Instruments - Net Realized and Unrealized Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments
Net realized and unrealized gain (loss) from derivatives		$ 36		$ 99
Net realized and unrealized gain (loss) on derivatives	$ 104	283	$ 580	109
Interest Rate Swap
Derivative Instruments
Net realized and unrealized gain (loss) from derivatives	104	36	580	99
Net realized and unrealized gain (loss) on derivatives	$ 29	$ 283	$ 174	$ 109

Transactions with Affiliated _3

Transactions with Affiliated Companies - Fair Value Roll Forward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Transactions with Affiliated Companies, Fair value Roll Forward
Investment Owned, Fair value, Beginning Balance	$ 359,122
Investment Owned, Fair value, Ending Balance	403,260
Investments, Non-controlled/affiliated
Transactions with Affiliated Companies, Fair value Roll Forward
Investment Owned, Fair value, Beginning Balance	27,834
Transfers in (out)	20,059
Sales and paydowns	(3,182)
PIK interest (cost)	177
Amortization	(11)
Net realized gain (loss)	11
Net unrealized gain (loss)	1,744
Investment Owned, Fair value, Ending Balance	46,632
Investments, Non-controlled/affiliated | Carlson Travel, Inc.
Transactions with Affiliated Companies, Fair value Roll Forward
Investment Owned, Fair value, Beginning Balance	5,430
PIK interest (cost)	177
Net unrealized gain (loss)	1,797
Investment Owned, Fair value, Ending Balance	7,404
Investments, Non-controlled/affiliated | Carlson Travel, Inc. Second Lien Secured Debt
Transactions with Affiliated Companies, Fair value Roll Forward
Investment Owned, Fair value, Beginning Balance	2,012
PIK interest (cost)	177
Net unrealized gain (loss)	26
Investment Owned, Fair value, Ending Balance	2,215
Investments, Non-controlled/affiliated | Carlson Travel, Inc. Equity - Common Stock
Transactions with Affiliated Companies, Fair value Roll Forward
Investment Owned, Fair value, Beginning Balance	267
Net unrealized gain (loss)	1,771
Investment Owned, Fair value, Ending Balance	2,038
Investments, Non-controlled/affiliated | Carlson Travel, Inc. Equity - Preferred Equity
Transactions with Affiliated Companies, Fair value Roll Forward
Investment Owned, Fair value, Beginning Balance	3,151
Investment Owned, Fair value, Ending Balance	3,151
Investments, Non-controlled/affiliated | Pennsylvania Real Estate Investment Trust
Transactions with Affiliated Companies, Fair value Roll Forward
Transfers in (out)	20,059
Net unrealized gain (loss)	101
Investment Owned, Fair value, Ending Balance	20,160
Investments, Non-controlled/affiliated | PREIT Associates LP Second Lien Secured Debt
Transactions with Affiliated Companies, Fair value Roll Forward
Transfers in (out)	20,059
Net unrealized gain (loss)	101
Investment Owned, Fair value, Ending Balance	20,160
Investments, Non-controlled/affiliated | TPC Group, Inc
Transactions with Affiliated Companies, Fair value Roll Forward
Investment Owned, Fair value, Beginning Balance	22,404
Sales and paydowns	(3,182)
Amortization	(11)
Net realized gain (loss)	11
Net unrealized gain (loss)	(154)
Investment Owned, Fair value, Ending Balance	19,068
Investments, Non-controlled/affiliated | TPC Group, Inc. Corporate Bond
Transactions with Affiliated Companies, Fair value Roll Forward
Investment Owned, Fair value, Beginning Balance	22,404
Sales and paydowns	(3,182)
Amortization	(11)
Net realized gain (loss)	11
Net unrealized gain (loss)	(154)
Investment Owned, Fair value, Ending Balance	$ 19,068

Transactions with Affiliated _4

Transactions with Affiliated Companies - Income Information (Details) - Investments, Non-controlled/affiliated - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Transactions with Affiliated Companies
Interest Income	$ 2,081	$ 538
Fee Income	1
Carlson Travel, Inc.
Transactions with Affiliated Companies
Interest Income	140
Carlson Travel, Inc. Second Lien Secured Debt
Transactions with Affiliated Companies
Interest Income	140
Pennsylvania Real Estate Investment Trust
Transactions with Affiliated Companies
Interest Income	626
Fee Income	1
PREIT Associates LP Second Lien Secured Debt
Transactions with Affiliated Companies
Interest Income	626
Fee Income	1
TPC Group, Inc
Transactions with Affiliated Companies
Interest Income	1,315	538
TPC Group, Inc. Corporate Bond
Transactions with Affiliated Companies
Interest Income	$ 1,315	$ 538

Fees, Expenses, Agreements an_2

Fees, Expenses, Agreements and Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Related Party Transactions
Quarterly base management fee percentage			0.375%
Annual base management fee percentage			1.50%
Management fees	$ 832	$ 711	$ 1,644	$ 1,305
Percentage of incentive fee on pre incentive fee net investment income			15%
Percentage of incentive fee payable on realized and unrealized capital gain or loss			15%
Expense reimbursement	75	99	$ 138	165
More than 1.5% Quarterly But Less Than 1.76% Quarterly
Other Related Party Transactions
Percentage of pre- incentive fee net investment income			100%
More than 1.76% Quarterly
Other Related Party Transactions
Quarterly base management fee percentage			1.76%
Annual base management fee percentage			7.04%
Percentage of pre- incentive fee net investment income			15%
More Than 15%
Other Related Party Transactions
Percentage of incentive fee payable			15%
Common stock on a national securities exchange or a merger or other transactions
Other Related Party Transactions
Annual base management fee percentage			1%
Percentage of decrease in base management fee			0.25%
Advisor
Other Related Party Transactions
Management fees	832	711	$ 1,644	1,305
Percentage of incentive fee on pre incentive fee net investment income			15%
Percentage of incentive fee payable on realized and unrealized capital gain or loss			15%
Incentive fees	1,289	191	$ 2,871	553
Expense reimbursement	$ 75	$ 99	$ 138	$ 165
Advisor | Maximum
Other Related Party Transactions
Percentage of specified expenses, maximum			0.25%
Advisor | Less Than or Equal to 1.5% Quarterly
Other Related Party Transactions
Quarterly percentage of pre incentive fee net investment income hurdle			1.50%
Annual percentage of pre-incentive fee net investment income hurdle			6%
Advisor | More than 1.5% Quarterly But Less Than 1.76% Quarterly
Other Related Party Transactions
Quarterly percentage of pre incentive fee net investment income hurdle			1.76%

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Apr. 06, 2022	Jan. 17, 2024	Aug. 26, 2022	Aug. 25, 2022	May 13, 2022
Debt Instrument
Revolving loan commitment amount			$ 250,000	$ 145,000	$ 145,000
Minimum share holders equity to be be maintained	$ 40,740
Net proceeds of sales of certain equity interests (as a percent)	50%
Aggregate investment in Financing Subsidiaries (as a percent)	50%
Capital commitments (as a percent)	25%
Asset coverage ratio (as a percent)	150%
Interest coverage ratio	2
First 6 months following the effective Credit Agreement Date
Debt Instrument
Spread rate	0.375%
Commitment usage less than or equal to 35% of commitment
Debt Instrument
Spread rate	0.75%
Commitment usage greater than 35% of commitment
Debt Instrument
Spread rate	0.50%
Pound
Debt Instrument
Unused commitment fees (Percentage)	1.375%
U.S. Dollars
Debt Instrument
Adjusted interest rate for the interest period of 1 month	0.15%
U.S. Dollars | One month interest period
Debt Instrument
Debt instrument interest term	1 month
U.S. Dollars | Three months interest period
Debt Instrument
Debt instrument interest term	3 months
Canadian Dollars
Debt Instrument
Adjusted interest rate for the interest period of 3 months	2.375%
SOFR | U.S. Dollars
Debt Instrument
Spread rate	0.10%
Adjusted interest rate for the interest period of 3 months	2.375%
Adjusted Eurocurrency Rate | Euros
Debt Instrument
Adjusted interest rate for the interest period of 3 months	2.375%
Daily Simple RFR
Debt Instrument
Adjusted interest rate for the interest period of 3 months	2.375%
Daily Simple RFR | Pound
Debt Instrument
Credit spread adjustment interest rate	0.0326%
Multicurrency commitment
Debt Instrument
Revolving loan commitment amount	$ 85,000		110,000	100,000	100,000
Increase in Commitment					25,000
Dollar commitment
Debt Instrument
Revolving loan commitment amount			$ 140,000	$ 45,000	$ 45,000
Dollar commitment | Maximum
Debt Instrument
Increase in Commitment	$ 500,000
Senior secured revolving credit agreement | Minimum
Debt Instrument
Revolving loan commitment amount		$ 250,000
Senior secured revolving credit agreement | Maximum
Debt Instrument
Revolving loan commitment amount		$ 255,000

Debt - Average and Maximum Debt

Debt - Average and Maximum Debt Outstanding (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Debt
Average debt outstanding	$ 146,214	$ 157,845
Maximum amount of debt outstanding	$ 178,186	$ 190,702
Weighted average annualized interest and other debt expenses	8.45%	7.42%
Annualized amortized debt issuance cost	0.68%	0.59%
Total annualized interest and other debt expenses	9.13%	8.01%
Commitment fees	$ 274	$ 6

Debt - Components of Total Inte

Debt - Components of Total Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument
Interest and other debt expenses	$ 3,175	$ 3,194	$ 6,179	$ 5,888
Amortization of deferred debt issuance costs	246	240	493	468
Total interest and other debt expenses	$ 3,421	$ 3,434	6,672	6,356
Maximum amount of debt outstanding			$ 178,186	$ 190,702
Weighted-average interest rate, excluding amortized debt issuance cost	9.13%	8.01%	9.13%	8.01%
Senior Secured Revolving Credit Agreement
Debt Instrument
Maximum amount of debt outstanding			$ 178,186	$ 190,702
Weighted-average interest rate, excluding amortized debt issuance cost	8.45%	7.42%	8.45%	7.42%

Commitments and Contingencies -

Commitments and Contingencies - Unfunded Balance of Certain Revolving Loan Facilities and Other Commitments (Details) - Investments, Non-controlled/non-affiliated - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Commitments
Total Unfunded Commitments	$ 32,376	$ 19,406
Revolver | Gannett Fleming, Inc.
Other Commitments
Total Unfunded Commitments	1,364	1,364
Revolver | Hornblower Holdings, LP
Other Commitments
Total Unfunded Commitments	2,703
Revolver | Ironhorse Purchaser, LLC
Other Commitments
Total Unfunded Commitments	623	398
Delayed Draw Term Loan | Accession Risk Management Group, Inc.
Other Commitments
Total Unfunded Commitments	859	4,916
Delayed Draw Term Loan | Athena Holdco S.A.S.
Other Commitments
Total Unfunded Commitments		2,300
Delayed Draw Term Loan | Beacon Oral Specialists Management LLC
Other Commitments
Total Unfunded Commitments	17,500
Delayed Draw Term Loan | Doncasters US Finance LLC
Other Commitments
Total Unfunded Commitments	1,419
Delayed Draw Term Loan | Energy Acquisition LP
Other Commitments
Total Unfunded Commitments	1,040
Delayed Draw Term Loan | Ironhorse Purchaser, LLC
Other Commitments
Total Unfunded Commitments	1,043	1,043
Delayed Draw Term Loan | K1 Speed, Inc
Other Commitments
Total Unfunded Commitments	4,246	3,200
Delayed Draw Term Loan | Keel Platform, LLC
Other Commitments
Total Unfunded Commitments	$ 1,579	1,835
Delayed Draw Term Loan | PT Intermediate Holdings III, LLC
Other Commitments
Total Unfunded Commitments		$ 4,350

Other Related Party Transacti_2

Other Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Less Than or Equal to $1000
Other Related Party Transactions
Organizational costs limit agreed to pay by related party	$ 1,000,000		$ 1,000,000
More Than $1000
Other Related Party Transactions
Organizational costs limit agreed to pay by related party	1,000,000		1,000,000
Administrator or Affiliates
Other Related Party Transactions
Organization costs	0	$ 0	0	$ 0
Advisor
Other Related Party Transactions
Due to related parties	0		0		$ 0
Organization costs	$ 0	$ 0	$ 0	$ 0

Shareholders' Equity and Divi_3

Shareholders' Equity and Dividends (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Shareholders' Equity and Dividends
Equity commitments received	$ 316,000	$ 316,000
Value of commitments called	$ 229,100	$ 229,100
Percentage of total commitments called	72.50%	72.50%

Shareholders' Equity and Divi_4

Shareholders' Equity and Dividends - Dividends Declared and Paid (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Dividends Payable [Line Items]
Amount Per Share					$ 0.76	$ 0.76
Total Amount	$ 6,310		$ 5,458		$ 12,583	$ 10,315
Regular dividends for Q1 of 2024
Dividends Payable [Line Items]
Date Declared		Mar. 14, 2024
Record Date		Mar. 31, 2024
Payment Date		Apr. 26, 2024
Amount Per Share		$ 0.38
Total Amount		$ 6,273
Regular dividends for Q2 of 2024
Dividends Payable [Line Items]
Date Declared	Jun. 18, 2024
Record Date	Jun. 28, 2024
Payment Date	Jul. 31, 2024
Amount Per Share	$ 0.38
Total Amount	$ 6,310
Regular dividends for Q1 of 2023
Dividends Payable [Line Items]
Date Declared				Mar. 13, 2023
Record Date				Mar. 31, 2023
Payment Date				Apr. 28, 2023
Amount Per Share				$ 0.38
Total Amount				$ 4,857
Regular dividends for Q2 of 2023
Dividends Payable [Line Items]
Date Declared			Jun. 15, 2023
Record Date			Jun. 30, 2023
Payment Date			Jul. 27, 2023
Amount Per Share			$ 0.38
Total Amount			$ 5,458

Financial Highlights (Details)

Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Per Share Data:
Per share NAV at beginning of period			$ 12.75	$ 13.48
Net investment income			0.98	1.02
Net realized and unrealized gain (loss)			0.27	(0.43)
Net increase (decrease) in net assets from operations			1.25	0.59
Distributions declared from net investment income			(0.76)	(0.76)
Issuance of shares and others				0.09
Total increase (decrease) in net assets			0.49	(0.08)
Per share NAV at end of period	$ 13.24	$ 13.40	$ 13.24	$ 13.40
Total return based on net asset value			9.80%	4.38%
Shares outstanding at end of period	16,604,282	14,362,829	16,604,282	14,362,829	16,304,772
Ratios to average net asset value:
Net investment income			15.29%	15.18%
Expenses before incentive fee			8.31%	9.67%
Expenses after incentive fee			9.65%	9.99%
Net assets at end of period	$ 219,889	$ 192,511	$ 219,889	$ 192,511	$ 207,939
Ending net asset value	$ 13.24	$ 13.40	$ 13.24	$ 13.40	$ 12.75
Portfolio turnover rate			37.11%	10.02%
Weighted-average debt outstanding			$ 146,214	$ 157,845
Debt, Weighted Average Interest Rate	9.13%	8.01%	9.13%	8.01%
Weighted-average number of shares of common stock	16,604,282	13,911,578	16,554,772	12,760,590
Weighted-average debt per share			$ 8.83	$ 12.37
Asset coverage ratio			224.20%	205.80%

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
	Jul. 01, 2024	Jun. 30, 2024	Dec. 31, 2023
Subsequent Events
Aggregate paydowns or disposal of existing investments		$ 139,282	$ 92,393
Subsequent Events | Delayed Draw Term Loan
Subsequent Events
Existing committed facilities funded	$ 39,700
Aggregate paydowns or disposal of existing investments	$ 25,000