Golub Capital Direct Lending Unlevered 10-Q 15 May 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Mar. 31, 2023	May 15, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	814-01505
Entity Registrant Name	Golub Capital Direct Lending Unlevered Corporation
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	88-1632039
Entity Address, Address Line One	200 Park Avenue
Entity Address, Address Line Two	25th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10166
City Area Code	212
Local Phone Number	750-6060
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Small Business	false
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,258,653.053
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001901606
Current Fiscal Year End Date	--09-30

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Mar. 31, 2023		Sep. 30, 2022
Assets
Non-controlled/non-affiliate company investments at fair value (amortized cost of $84,674,585 and $54,268,362, respectively)	$ 84,944,990	[1]	$ 53,989,670	[2]
Cash	10,476,699		14,625,142
Foreign currencies (cost of $27,762 and $4,455, respectively)	25,503		4,455
Cash collateral for forward currency contracts	300,000		0
Interest receivable	423,612		286,885
Deferred offering costs	234,463		175,665
Other assets	4,399		7,172
Total Assets	96,409,666		69,088,989
Liabilities
Unrealized depreciation on forward currency contracts	250,341		0
Distributions payable	1,692,320		328,015
Incentive fees payable	46,915		0
Accrued trustee fees	89,133		18,000
Accounts payable and accrued expenses	451,161		165,579
Total Liabilities	2,529,870		511,594
Commitments and Contingencies (Note 9)
Net Assets
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of March 31, 2023 and September 30, 2022	0		0
Common stock, par value $0.001 per share, 200,000,000 shares authorized, 6,258,653.053 and 4,571,826.354 shares issued and outstanding as of March 31, 2023 and September 30, 2022, respectively	6,259		4,572
Paid in capital in excess of par	93,873,537		68,572,823
Distributable earnings (losses)	0		0
Total Net Assets	93,879,796		68,577,395
Total Liabilities and Total Net Assets	$ 96,409,666		$ 69,088,989
Number of common shares outstanding (in shares)	6,258,653.053		4,571,826.354
Net asset value per common share (in dollars per share)	$ 15		$ 15
[1]The fair values of investments were valued using significant unobservable inputs, unless otherwise noted. See Note 6. Fair Value Measurements.[2]The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements.

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	6 Months Ended	12 Months Ended
	Mar. 31, 2023	Sep. 30, 2022
Statement of Financial Position [Abstract]
Amortized Cost	$ 84,674,585	$ 54,268,362
Foreign currencies, cost	$ 27,762	$ 4,455
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	6,258,653.053	4,571,826.354
Common stock, shares outstanding (in shares)	6,258,653.053	4,571,826.354
Distributions payable	$ 1,692,320	$ 328,015

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Investment income
Interest income	$ 2,046,094	$ 3,688,794
Payment-in-kind interest income	159,512	229,505
Dividend income	11,518	21,730
Fee income	4,460	8,788
Total investment income	2,221,584	3,948,817
Expenses
Base management fee	194,600	363,228
Incentive fee	196,185	365,908
Professional fees	204,127	360,792
Administrative service fee	23,517	39,586
General and administrative expenses	22,309	44,547
Total expenses	640,738	1,174,061
Base management fee waived	(194,600)	(363,228)
Incentive fee waived	(149,270)	(318,993)
Operating expenses reimbursement waived	0	(194,972)
Net expenses	296,868	296,868
Net investment income - before tax	1,924,716	3,651,949
Excise tax	9,783	39,783
Net investment income - after tax	1,914,933	3,612,166
Net realized gain (loss) from:
Foreign currency transactions	(1,122)	8,230
Net realized gain (loss) on investment transactions	(1,122)	8,230
Net change in unrealized appreciation (depreciation) from:
Investments	459,208	291,474
Forward currency contracts	(38,187)	(250,341)
Translation of assets and liabilities in foreign currencies	46,698	257,623
Net change in unrealized appreciation (depreciation) on investment transactions	467,719	298,756
Net gain (loss) on investment transactions	466,597	306,986
Net increase (decrease) in net assets resulting from operations	$ 2,381,530	$ 3,919,152
Per Common Share Data
Basic earnings per common share (in dollars per share)	$ 0.41	$ 0.72
Diluted earnings per common share (in dollars per share)	$ 0.41	$ 0.72
Basic weighted average common shares outstanding (in shares)	5,860,405	5,398,684
Diluted weighted average common shares outstanding (in shares)	5,860,405	5,398,684

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets (unaudited) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Investment Company, Net Assets [Roll Forward]
Beginning balance (in shares)		4,571,826.354
Beginning balance	$ 79,435,574	$ 68,577,395
Issuance of common stock (in shares)		1,674,005.667
Issuance of common stock	14,348,620	$ 25,110,085
Net investment income - after tax	1,914,933	3,612,166
Net realized gain (loss) on investment transactions	(1,122)	8,230
Net change in unrealized appreciation (depreciation) on investment transactions	467,719	$ 298,756
Stock issued in connection with dividend reinvestment plan (in shares)		12,821.032
Stock issued in connection with dividend reinvestment plan	95,602	$ 192,316
Distributions from distributable earnings (losses)	(1,269,349)	(2,226,832)
Distributions declared and payable	(1,112,181)	(1,692,320)
Total increase (decrease) common stock, outstanding value	$ 14,444,222	$ 25,302,401
Ending balance (in shares)	6,258,653.053	6,258,653.053
Ending balance	$ 93,879,796	$ 93,879,796
Common Stock
Investment Company, Net Assets [Roll Forward]
Beginning balance (in shares)	5,295,704.904	4,571,826.354
Beginning balance	$ 5,296	$ 4,572
Issuance of common stock (in shares)	956,574.667	1,674,005.667
Issuance of common stock	$ 957	$ 1,674
Stock issued in connection with dividend reinvestment plan (in shares)	6,373.482	12,821.032
Stock issued in connection with dividend reinvestment plan	$ 6	$ 13
Total increase (decrease) common stock, outstanding (in shares)	962,948.149	1,686,826.699
Total increase (decrease) common stock, outstanding value	$ 963	$ 1,687
Ending balance (in shares)	6,258,653.053	6,258,653.053
Ending balance	$ 6,259	$ 6,259
Paid in Capital in Excess of Par
Investment Company, Net Assets [Roll Forward]
Beginning balance	79,430,278	68,572,823
Issuance of common stock	14,347,663	25,108,411
Stock issued in connection with dividend reinvestment plan	95,596	192,303
Total increase (decrease) common stock, outstanding value	14,443,259	25,300,714
Ending balance	93,873,537	93,873,537
Distributable Earnings (Losses)
Investment Company, Net Assets [Roll Forward]
Beginning balance	0	0
Net investment income - after tax	1,914,933	3,612,166
Net realized gain (loss) on investment transactions	(1,122)	8,230
Net change in unrealized appreciation (depreciation) on investment transactions	467,719	298,756
Distributions from distributable earnings (losses)	(1,269,349)	(2,226,832)
Distributions declared and payable	(1,112,181)	(1,692,320)
Total increase (decrease) common stock, outstanding value	0	0
Ending balance	$ 0	$ 0

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (unaudited) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Sep. 30, 2022
Cash flows from operating activities
Net increase (decrease) in net assets resulting from operations	$ 2,381,530	$ 3,919,152
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Accretion of discounts and amortization of premiums		(118,275)
Net realized (gain) loss on foreign currency transactions	1,122	(8,230)
Net change in unrealized (appreciation) depreciation on investments	(459,208)	(291,474)
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies	(46,698)	(257,623)
Net change in unrealized (appreciation) depreciation on forward currency contracts	38,187	250,341
Proceeds from (fundings of) revolving loans, net		(26,545)
Fundings of investments		(31,502,799)
Proceeds from principal payments of portfolio investments		1,485,067
Payment-in-kind interest capitalized	(164,663)	(221,941)
Non-cash dividends	(11,518)	(21,730)
Changes in operating assets and liabilities:
Cash collateral for forward currency contracts		(300,000)
Interest receivable		(136,727)
Deferred offering costs		(58,798)
Other assets		2,773
Incentive fees payable		46,915
Accrued trustee fees		71,133
Accounts payable and accrued expenses		285,582
Net cash provided by (used in) operating activities		(26,883,179)
Cash flows from financing activities
Proceeds from issuance of common shares		25,110,085
Distributions paid		(2,362,531)
Net cash provided by (used in) financing activities		22,747,554
Net change in cash and foreign currencies		(4,135,625)
Effect of foreign currency exchange rates		8,230
Cash and foreign currencies, beginning of period	10,502,202	10,502,202	$ 14,629,597
Cash and foreign currencies, end of period	10,502,202	10,502,202	14,629,597
Supplemental disclosure of cash flow information:
Distributions declared for the period	3,919,152	3,919,152
Supplemental disclosure of non-cash financing activity:
Stock issued in connection with dividend reinvestment plan		192,316
Change in distributions payable		1,364,305
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Cash	10,476,699	10,476,699	14,625,142
Foreign currencies (cost of $27,762 and $4,455, respectively)	25,503	25,503	4,455
Total cash and foreign currencies shown in the Consolidated Statement of Cash Flows	$ 10,502,202	10,502,202	14,629,597
Foreign currencies, cost		$ 27,762	$ 4,455

Consolidated Schedule of Invest

Consolidated Schedule of Investments (unaudited) - USD ($)		Mar. 31, 2023		Sep. 30, 2022
Amortized Cost		$ 84,674,585		$ 54,268,362
Percentage of Net Assets		90.50%		78.70%
Fair Value		$ 84,944,990	[1]	$ 53,989,670	[2]
Debt Investments
Investment owned, balance, principal amount		84,438,362	[3]	54,006,967	[4]
Amortized Cost		$ 82,800,337		$ 53,259,995
Percentage of Net Assets		88.40%		77.20%
Fair Value		$ 82,970,854	[1]	$ 52,961,535	[2]
Equity Investments
Amortized Cost		$ 1,874,248	[5],[6]	$ 1,008,367	[7],[8]
Percentage of Net Assets		2.10%	[5],[6]	1.50%	[7],[8]
Fair Value		$ 1,974,136	[1],[5],[6]	$ 1,028,135	[2],[7],[8]
Aerospace and Defense
Amortized Cost		5,405,807		0
Fair Value		5,457,149		0
Aerospace and Defense | Debt Investments
Investment owned, balance, principal amount	[3]	5,421,178
Amortized Cost		$ 5,260,412
Percentage of Net Assets		5.70%
Fair Value	[1]	$ 5,311,754
Automobiles
Amortized Cost		4,230,697		3,112,370
Fair Value		4,112,758		3,110,619
Automobiles | Debt Investments
Investment owned, balance, principal amount		4,237,898	[3]	3,123,965	[4]
Amortized Cost		$ 4,186,897		$ 3,068,570
Percentage of Net Assets		4.30%		4.50%
Fair Value		$ 4,062,646	[1]	$ 3,066,819	[2]
Diversified Consumer Services
Amortized Cost		6,759,773		3,606,847
Fair Value		6,840,507		3,619,523
Diversified Consumer Services | Debt Investments
Investment owned, balance, principal amount		6,448,159	[3]	3,592,595	[4]
Amortized Cost		$ 6,304,166		$ 3,523,264
Percentage of Net Assets		6.80%		5.20%
Fair Value		$ 6,387,629	[1]	$ 3,537,303	[2]
Diversified Consumer Services | Equity Investments
Amortized Cost		$ 455,607		$ 83,583
Percentage of Net Assets		0.50%		0.10%
Fair Value		$ 452,878	[1]	$ 82,220	[2]
Diversified Financial Services
Amortized Cost		750,312		0
Fair Value		752,962		0
Diversified Financial Services | Debt Investments
Investment owned, balance, principal amount	[3]	769,900
Amortized Cost		$ 750,312
Percentage of Net Assets		0.80%
Fair Value	[1]	$ 752,962
Electronic Equipment, Instruments and Components | Debt Investments
Investment owned, balance, principal amount	[3]	1,594,833
Amortized Cost		$ 1,549,026
Percentage of Net Assets		1.70%
Fair Value	[1]	$ 1,562,036
Health Care Technology
Amortized Cost		1,540,395		518,627
Fair Value		1,524,104		513,252
Health Care Technology | Debt Investments
Investment owned, balance, principal amount		1,569,483	[3]	527,945	[4]
Amortized Cost		$ 1,540,395		$ 518,627
Percentage of Net Assets		1.70%		0.80%
Fair Value		$ 1,524,104	[1]	$ 513,252	[2]
Healthcare Equipment and Supplies | Debt Investments
Investment owned, balance, principal amount		1,322,211	[3]	1,308,800	[4]
Amortized Cost		$ 1,309,973		$ 1,295,367
Percentage of Net Assets		1.40%		1.90%
Fair Value		$ 1,322,211	[1]	$ 1,295,098	[2]
Healthcare Providers and Services | Debt Investments
Investment owned, balance, principal amount		144,474	[3]	145,202	[4]
Amortized Cost		$ 143,302		$ 143,841
Percentage of Net Assets		0.10%		0.20%
Fair Value		$ 140,140	[1]	$ 143,536	[2]
Hotels, Restaurants and Leisure | Debt Investments
Investment owned, balance, principal amount		2,084,800	[3]	603,674	[4]
Amortized Cost		$ 2,046,187		$ 595,150
Percentage of Net Assets		2.20%		0.90%
Fair Value		$ 2,079,119	[1]	$ 588,369	[2]
Household Durables
Amortized Cost		420,512		0
Fair Value		420,406		0
Household Durables | Debt Investments
Investment owned, balance, principal amount	[3]	435,462
Amortized Cost		$ 420,512
Percentage of Net Assets		0.40%
Fair Value	[1]	$ 420,406
Industrial Conglomerates
Amortized Cost		1,094,958		1,047,989
Fair Value		1,113,272		1,050,133
Industrial Conglomerates | Debt Investments
Investment owned, balance, principal amount		1,123,278	[3]	1,066,088	[4]
Amortized Cost		$ 1,094,958		$ 1,047,989
Percentage of Net Assets		1.20%		1.50%
Fair Value		$ 1,113,272	[1]	$ 1,050,133	[2]
Insurance
Amortized Cost		4,101,709		3,800,618
Fair Value		4,092,266		3,797,726
Insurance | Debt Investments
Investment owned, balance, principal amount		4,180,554	[3]	3,877,726	[4]
Amortized Cost		$ 4,101,709		$ 3,800,618
Percentage of Net Assets		4.40%		5.50%
Fair Value		$ 4,092,266	[1]	$ 3,797,726	[2]
IT Services
Amortized Cost		5,434,614		4,800,501
Fair Value		5,486,945		4,777,414
IT Services | Debt Investments
Investment owned, balance, principal amount		5,516,080	[3]	4,807,089	[4]
Amortized Cost		$ 5,401,217		$ 4,767,104
Percentage of Net Assets		5.80%		6.90%
Fair Value		$ 5,449,574	[1]	$ 4,742,277	[2]
IT Services | Equity Investments
Amortized Cost		$ 33,397		$ 33,397
Percentage of Net Assets		0%		0%
Fair Value		$ 37,371	[1]	$ 35,137	[2]
Life Sciences Tools & Services | Debt Investments
Investment owned, balance, principal amount	[3]	4,263,086
Amortized Cost		$ 4,146,010
Percentage of Net Assets		4.50%
Fair Value	[1]	$ 4,263,086
Life Sciences Tools & Services | Equity Investments
Amortized Cost		$ 186,012
Percentage of Net Assets		0.20%
Fair Value	[1]	$ 216,407
Pharmaceuticals
Amortized Cost		802,177		778,554
Fair Value		788,267		776,407
Pharmaceuticals | Debt Investments
Investment owned, balance, principal amount		818,623	[3]	796,408	[4]
Amortized Cost		$ 802,177		$ 778,554
Percentage of Net Assets		0.80%		1.10%
Fair Value		$ 788,267	[1]	$ 776,407	[2]
Professional Services
Amortized Cost		890,305		284,781
Fair Value		886,512		287,247
Professional Services | Debt Investments
Investment owned, balance, principal amount		912,972	[3]	290,885	[4]
Amortized Cost		$ 890,305		$ 284,781
Percentage of Net Assets		0.90%		0.40%
Fair Value		$ 886,512	[1]	$ 287,247	[2]
Software
Amortized Cost		37,035,533		28,379,618
Fair Value		37,057,706		28,127,900
Software | Debt Investments
Investment owned, balance, principal amount		36,711,297	[3]	27,903,263	[4]
Amortized Cost		$ 36,087,978		$ 27,594,513
Percentage of Net Assets		38.50%		39.80%
Fair Value		$ 36,041,754	[1]	$ 27,323,402	[2]
Software | Equity Investments
Amortized Cost		$ 947,555		$ 785,105
Percentage of Net Assets		1%		1.20%
Fair Value		$ 1,015,952	[1]	$ 804,498	[2]
Specialty Retail
Amortized Cost		6,827,283		5,904,099
Fair Value		6,829,137		5,902,446
Specialty Retail | Debt Investments
Investment owned, balance, principal amount		6,884,074	[3]	5,963,327	[4]
Amortized Cost		$ 6,764,801		$ 5,841,617
Percentage of Net Assets		7.20%		8.50%
Fair Value		$ 6,773,116	[1]	$ 5,839,966	[2]
Investment, Identifier [Axis]: Anaplan, Inc., LP Interest
Investment owned, balance, shares (in shares)	[3]	363,726
Amortized Cost		$ 363,933
Percentage of Net Assets		0.50%
Fair Value	[1]	$ 430,350
Investment, Identifier [Axis]: Anaplan, Inc., LP interest
Investment owned, balance, shares (in shares)	[4]			363,726
Amortized Cost				$ 363,933
Percentage of Net Assets				0.60%
Fair Value	[2]			$ 363,726
Investment, Identifier [Axis]: Anaplan, Inc., One stop 1
Investment, basis spread, variable rate		6.50%	[9],[10]	6.50%	[11],[12]
Investment interest rate		11.31%	[13]	9.53%	[14]
Investment owned, balance, principal amount		$ 9,257,119	[3]	$ 9,257,119	[4]
Amortized Cost		$ 9,174,829		$ 9,168,240
Percentage of Net Assets		9.70%		13.20%
Fair Value		$ 9,164,547	[1]	$ 9,071,976	[2]
Investment, Identifier [Axis]: Anaplan, Inc., One stop 2
Investment, basis spread, variable rate		6.50%	[10],[15]	6.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (1,721)	[15]	$ (1,885)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (1,321)	[1],[15]	$ (3,954)	[2],[16]
Investment, Identifier [Axis]: Armstrong Bidco Limited, One stop 1
Investment, basis spread, variable rate		5.50%	[10],[17],[18],[19],[20]	5.75%	[12],[21],[22],[23],[24]
Investment interest rate		9.68%	[13],[18],[19],[20]	7.94%	[14],[22],[23],[24]
Investment owned, balance, principal amount		$ 630,700	[3],[18],[19],[20]	$ 571,182	[4],[22],[23],[24]
Amortized Cost		$ 609,577	[18],[19],[20]	$ 608,466	[22],[23],[24]
Percentage of Net Assets		0.60%	[18],[19],[20]	0.80%	[22],[23],[24]
Fair Value		$ 595,286	[1],[18],[19],[20]	$ 554,046	[2],[22],[23],[24]
Investment, Identifier [Axis]: Armstrong Bidco Limited, One stop 2
Investment, basis spread, variable rate		5.50%	[10],[17],[18],[19],[20]	5.75%	[12],[21],[22],[23],[24]
Investment interest rate		9.68%	[13],[18],[19],[20]	7.94%	[14],[22],[23],[24]
Investment owned, balance, principal amount		$ 255,403	[3],[18],[19],[20]	$ 98,201	[4],[22],[23],[24]
Amortized Cost		$ 235,300	[18],[19],[20]	$ 96,325	[22],[23],[24]
Percentage of Net Assets		0.20%	[18],[19],[20]	0.10%	[22],[23],[24]
Fair Value		$ 236,924	[1],[18],[19],[20]	$ 89,260	[2],[22],[23],[24]
Investment, Identifier [Axis]: Avalara, Inc., One stop 1
Investment, basis spread, variable rate	[10],[25]	7.25%
Investment interest rate	[13]	12.15%
Investment owned, balance, principal amount	[3]	$ 769,900
Amortized Cost		$ 752,093
Percentage of Net Assets		0.80%
Fair Value	[1]	$ 754,502
Investment, Identifier [Axis]: Avalara, Inc., One stop 2
Investment, basis spread, variable rate	[10],[15]	6.25%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (1,781)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (1,540)
Investment, Identifier [Axis]: Barteca Restaurants, LLC, One stop 1
Investment, basis spread, variable rate		5.50%	[10],[25]	6%	[12],[26]
Investment interest rate		10.33%	[13]	9.19%	[14]
Investment owned, balance, principal amount		$ 472,327	[3]	$ 474,700	[4]
Amortized Cost		$ 468,127		$ 470,085
Percentage of Net Assets		0.50%		0.70%
Fair Value		$ 472,327	[1]	$ 469,953	[2]
Investment, Identifier [Axis]: Barteca Restaurants, LLC, One stop 2
Investment, basis spread, variable rate		5.50%	[10],[15]	6%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (559)	[15]	$ (611)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ 0	[1],[15]	$ (629)	[2],[16]
Investment, Identifier [Axis]: Barteca Restaurants, LLC, One stop 3
Investment, basis spread, variable rate		5.50%	[10],[25]	6%	[12],[16]
Investment interest rate	[13]	10.46%
Investment owned, balance, principal amount		$ 18,990	[3]	$ 0	[4],[16]
Amortized Cost		$ 17,864		$ (1,231)	[16]
Percentage of Net Assets		0%		0%	[16]
Fair Value		$ 18,990	[1]	$ (1,266)	[2],[16]
Investment, Identifier [Axis]: Belmont Instrument, LLC, One stop 1
Investment, basis spread, variable rate		6.25%	[10],[25]	6.25%	[12],[27]
Investment interest rate		10.98%	[13]	9.69%	[14]
Investment owned, balance, principal amount		$ 1,302,256	[3]	$ 1,308,800	[4]
Amortized Cost		$ 1,290,569		$ 1,295,969
Percentage of Net Assets		1.40%		1.90%
Fair Value		$ 1,302,256	[1]	$ 1,295,712	[2]
Investment, Identifier [Axis]: Belmont Instrument, LLC, One stop 2
Investment, basis spread, variable rate		5.25%	[10],[28]	6.25%	[12],[16]
Investment interest rate	[13]	13.25%
Investment owned, balance, principal amount		$ 19,955	[3]	$ 0	[4],[16]
Amortized Cost		$ 19,404		$ (602)	[16]
Percentage of Net Assets		0%		0%	[16]
Fair Value		$ 19,955	[1]	$ (614)	[2],[16]
Investment, Identifier [Axis]: CST Holding Company, One stop 1
Investment, basis spread, variable rate	[9],[10]	6.75%
Investment interest rate	[13]	11.66%
Investment owned, balance, principal amount	[3]	$ 1,589,833
Amortized Cost		$ 1,545,423
Percentage of Net Assets		1.70%
Fair Value	[1]	$ 1,558,036
Investment, Identifier [Axis]: CST Holding Company, One stop 2
Investment, basis spread, variable rate	[9],[10]	6.75%
Investment interest rate	[13]	11.66%
Investment owned, balance, principal amount	[3]	$ 5,000
Amortized Cost		$ 3,603
Percentage of Net Assets		0%
Fair Value	[1]	$ 4,000
Investment, Identifier [Axis]: Caerus Midco 3 S.A.R.L., One stop 1
Investment, basis spread, variable rate		5.50%	[10],[20],[25],[29]	5.50%	[12],[24],[26],[30]
Investment interest rate		10.40%	[13],[20],[29]	9.48%	[14],[24],[30]
Investment owned, balance, principal amount		$ 792,425	[3],[20],[29]	$ 796,408	[4],[24],[30]
Amortized Cost		$ 778,504	[20],[29]	$ 781,283	[24],[30]
Percentage of Net Assets		0.80%	[20],[29]	1.10%	[24],[30]
Fair Value		$ 767,511	[1],[20],[29]	$ 780,479	[2],[24],[30]
Investment, Identifier [Axis]: Caerus Midco 3 S.A.R.L., One stop 2
Investment, basis spread, variable rate		5.75%	[9],[10],[20],[29]	5.50%	[12],[16],[24],[30]
Investment interest rate	[13],[20],[29]	10.48%
Investment owned, balance, principal amount		$ 26,198	[3],[20],[29]	$ 0	[4],[16],[24],[30]
Amortized Cost		$ 24,725	[20],[29]	$ (1,592)	[16],[24],[30]
Percentage of Net Assets		0%	[20],[29]	0%	[16],[24],[30]
Fair Value		$ 24,521	[1],[20],[29]	$ (1,677)	[2],[16],[24],[30]
Investment, Identifier [Axis]: Caerus Midco 3 S.A.R.L., One stop 3
Investment, basis spread, variable rate		5.75%	[10],[15],[20],[29]	5.50%	[12],[16],[24],[30]
Investment owned, balance, principal amount		$ 0	[3],[15],[20],[29]	$ 0	[4],[16],[24],[30]
Amortized Cost		$ (1,052)	[15],[20],[29]	$ (1,137)	[16],[24],[30]
Percentage of Net Assets		0%	[15],[20],[29]	0%	[16],[24],[30]
Fair Value		$ (3,765)	[1],[15],[20],[29]	$ (2,395)	[2],[16],[24],[30]
Investment, Identifier [Axis]: Captive Resources Midco, LLC, One stop 1
Investment, basis spread, variable rate		5.75%	[9],[10],[31]	5.50%	[11],[12]
Investment interest rate		5.03%	[13],[31]	8.53%	[14]
Investment, interest rate, paid in kind	[13],[31]	5.53%
Investment owned, balance, principal amount		$ 3,910,387	[3],[31]	$ 3,877,726	[4]
Amortized Cost		$ 3,841,312	[31]	$ 3,802,961
Percentage of Net Assets		4.10%	[31]	5.50%
Fair Value		$ 3,832,180	[1],[31]	$ 3,800,171	[2]
Investment, Identifier [Axis]: Captive Resources Midco, LLC, One stop 2
Investment, basis spread, variable rate		5.25%	[10],[15]	5.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (2,140)	[15]	$ (2,343)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (2,445)	[1],[15]	$ (2,445)	[2],[16]
Investment, Identifier [Axis]: Celerion Buyer, Inc., LP units 1
Investment owned, balance, shares (in shares)	[3]	186,012
Amortized Cost		$ 186,012
Percentage of Net Assets		0.20%
Fair Value	[1]	$ 186,012
Investment, Identifier [Axis]: Celerion Buyer, Inc., LP units 2
Investment owned, balance, shares (in shares)	[3]	186,012
Amortized Cost		$ 0
Percentage of Net Assets		0%
Fair Value	[1]	$ 30,395
Investment, Identifier [Axis]: Celerion Buyer, Inc., One stop 1
Investment, basis spread, variable rate	[10],[25]	6.50%
Investment interest rate	[13]	11.18%
Investment owned, balance, principal amount	[3]	$ 4,263,086
Amortized Cost		$ 4,163,030
Percentage of Net Assets		4.50%
Fair Value	[1]	$ 4,263,086
Investment, Identifier [Axis]: Celerion Buyer, Inc., One stop 2
Investment, basis spread, variable rate	[10],[15]	6.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (1,165)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ 0
Investment, Identifier [Axis]: Celerion Buyer, Inc., One stop 3
Investment, basis spread, variable rate	[10],[15]	6.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (15,855)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ 0
Investment, Identifier [Axis]: Citrin Cooperman Advisors LLC, One stop
Investment, basis spread, variable rate	[11],[12],[27]			5%
Investment interest rate	[14]			7.80%
Investment owned, balance, principal amount	[4]			$ 146,913
Amortized Cost				$ 144,410
Percentage of Net Assets				0.20%
Fair Value	[2]			$ 146,913
Investment, Identifier [Axis]: Citrin Cooperman Advisors LLC, One stop 1
Investment, basis spread, variable rate	[10],[25],[32]	5.75%
Investment interest rate	[13]	9.87%
Investment owned, balance, principal amount	[3]	$ 168,133
Amortized Cost		$ 165,826
Percentage of Net Assets		0.20%
Fair Value	[1]	$ 155,537
Investment, Identifier [Axis]: Citrin Cooperman Advisors LLC, One stop 2
Investment, basis spread, variable rate	[10],[15]	6.25%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (493)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (507)
Investment, Identifier [Axis]: Citrin Cooperman Advisors LLC, One stop 3
Investment, basis spread, variable rate	[10],[25]	6.25%
Investment owned, balance, principal amount	[3]	$ 114,756
Amortized Cost		$ 111,412
Percentage of Net Assets		0.10%
Fair Value	[1]	$ 111,313
Investment, Identifier [Axis]: Coding Solutions Acquisition, Inc., One stop 1
Investment, basis spread, variable rate		5.50%	[9],[10]	5.75%	[11],[12]
Investment interest rate		10.31%	[13]	8.78%	[14]
Investment owned, balance, principal amount		$ 256,113	[3]	$ 257,400	[4]
Amortized Cost		$ 253,921		$ 254,994
Percentage of Net Assets		0.30%		0.40%
Fair Value		$ 256,113	[1]	$ 252,252	[2]
Investment, Identifier [Axis]: Coding Solutions Acquisition, Inc., One stop 2
Investment, basis spread, variable rate		5.50%	[9],[10]	5.75%	[11],[12]
Investment interest rate		10.29%	[13]	8.78%	[14]
Investment owned, balance, principal amount		$ 11,100	[3]	$ 5,550	[4]
Amortized Cost		$ 10,930		$ 5,364
Percentage of Net Assets		0%		0%
Fair Value		$ 11,100	[1]	$ 4,810	[2]
Investment, Identifier [Axis]: Coding Solutions Acquisition, Inc., One stop 3
Investment, basis spread, variable rate		5.50%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (473)	[15]	$ (520)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ 0	[1],[15]	$ (1,542)	[2],[16]
Investment, Identifier [Axis]: Color Intermediate, LLC, One stop
Investment, basis spread, variable rate	[10],[25]	5.50%
Investment interest rate	[13]	10.50%
Investment owned, balance, principal amount	[3]	$ 734,800
Amortized Cost		$ 721,138
Percentage of Net Assets		0.80%
Fair Value	[1]	$ 705,408
Investment, Identifier [Axis]: Community Care Partners, LLC, One stop 1
Investment, basis spread, variable rate		6%	[9],[10]	5.75%	[11],[12]
Investment interest rate		10.92%	[13]	8.89%	[14]
Investment owned, balance, principal amount		$ 144,474	[3]	$ 145,202	[4]
Amortized Cost		$ 143,453		$ 144,016
Percentage of Net Assets		0.10%		0.20%
Fair Value		$ 140,140	[1]	$ 143,750	[2]
Investment, Identifier [Axis]: Community Care Partners, LLC, One stop 2
Investment, basis spread, variable rate		6%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (151)	[15]	$ (175)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ 0	[1],[15]	$ (214)	[2],[16]
Investment, Identifier [Axis]: Coupa Holdings, LLC, One stop 1
Investment, basis spread, variable rate	[9],[10]	7.50%
Investment interest rate	[13]	12.29%
Investment owned, balance, principal amount	[3]	$ 2,166,933
Amortized Cost		$ 2,113,459
Percentage of Net Assets		2.30%
Fair Value	[1]	$ 2,112,760
Investment, Identifier [Axis]: Coupa Holdings, LLC, One stop 2
Investment, basis spread, variable rate	[10],[15]	7.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (1,104)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (1,120)
Investment, Identifier [Axis]: Coupa Holdings, LLC, One stop 3
Investment, basis spread, variable rate	[10],[15]	7.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (2,387)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (2,418)
Investment, Identifier [Axis]: Critical Start, Inc., Common Stock
Investment owned, balance, shares (in shares)		16,700	[3]	16,700	[4]
Amortized Cost		$ 16,700		$ 16,700
Percentage of Net Assets		0%		0%
Fair Value		$ 18,204	[1]	$ 16,700	[2]
Investment, Identifier [Axis]: Critical Start, Inc., One stop 1
Investment, basis spread, variable rate		6.75%	[10],[25],[31]	5.75%	[11],[12]
Investment interest rate		7.77%	[13],[31]	5.65%	[14]
Investment, interest rate, paid in kind		3.63%	[13],[31]	3.13%	[14]
Investment owned, balance, principal amount		$ 203,147	[3],[31]	$ 200,993	[4]
Amortized Cost		$ 201,434	[31]	$ 199,113
Percentage of Net Assets		0.20%	[31]	0.30%
Fair Value		$ 200,100	[1],[31]	$ 198,983	[2]
Investment, Identifier [Axis]: Critical Start, Inc., One stop 2
Investment, basis spread, variable rate		6.75%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (381)	[15]	$ (418)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (668)	[1],[15]	$ (445)	[2],[16]
Investment, Identifier [Axis]: Critical Start, Inc., One stop 3
Investment, basis spread, variable rate	[9],[10],[31]	6.75%
Investment interest rate	[13],[31]	7.89%
Investment, interest rate, paid in kind	[13],[31]	3.63%
Investment owned, balance, principal amount	[3],[31]	$ 111,353
Amortized Cost	[31]	$ 109,137
Percentage of Net Assets	[31]	0.10%
Fair Value	[1],[31]	$ 109,683
Investment, Identifier [Axis]: Crow River Buyer, Inc., One stop 1
Investment, basis spread, variable rate	[10],[25]	7.75%
Investment interest rate	[13]	12.43%
Investment owned, balance, principal amount	[3]	$ 303,800
Amortized Cost		$ 297,890
Percentage of Net Assets		0.30%
Fair Value	[1]	$ 299,243
Investment, Identifier [Axis]: Crow River Buyer, Inc., One stop 2
Investment, basis spread, variable rate	[10],[15]	7.75%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (973)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (750)
Investment, Identifier [Axis]: Cynet Security Ltd., Preferred Stock
Investment owned, balance, shares (in shares)	[3],[20],[33]	8,828
Amortized Cost	[20],[33]	$ 31,432
Percentage of Net Assets	[20],[33]	0%
Fair Value	[1],[20],[33]	$ 32,717
Investment, Identifier [Axis]: Cynet Security Ltd., Preferred stock
Investment owned, balance, shares (in shares)	[4],[24],[34]			8,828
Amortized Cost	[24],[34]			$ 31,432
Percentage of Net Assets	[24],[34]			0.10%
Fair Value	[2],[24],[34]			$ 31,430
Investment, Identifier [Axis]: DISA Holdings Corp., One stop
Investment, basis spread, variable rate	[9],[10]	5.50%
Investment interest rate	[13]	10.16%
Investment owned, balance, principal amount	[3]	$ 9,200
Amortized Cost		$ 8,758
Percentage of Net Assets		0%
Fair Value	[1]	$ 9,200
Investment, Identifier [Axis]: DISA Holdings Corp., Senior secured 1
Investment, basis spread, variable rate		5.50%	[9],[10]	5.50%	[11],[12]
Investment interest rate		10.16%	[13]	8.18%	[14]
Investment owned, balance, principal amount		$ 227,298	[3]	$ 142,446	[4]
Amortized Cost		$ 223,132		$ 139,626
Percentage of Net Assets		0.20%		0.20%
Fair Value		$ 227,298	[1]	$ 139,597	[2]
Investment, Identifier [Axis]: DISA Holdings Corp., Senior secured 2
Investment, basis spread, variable rate		5.50%	[9],[10]	5.50%	[11],[12]
Investment interest rate		10.16%	[13]	8.18%	[14]
Investment owned, balance, principal amount		$ 13,113	[3]	$ 1,526	[4]
Amortized Cost		$ 12,767		$ 1,123
Percentage of Net Assets		0%		0%
Fair Value		$ 13,113	[1]	$ 1,119	[2]
Investment, Identifier [Axis]: DISA Holdings Corp., Senior secured 3
Investment, basis spread, variable rate		5.50%	[10],[15]	5.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (503)	[15]	$ (378)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ 0	[1],[15]	$ (382)	[2],[16]
Investment, Identifier [Axis]: DISA Holdings Corp., Subordinated debt
Investment, basis spread, variable rate	[9],[10]	10%
Investment interest rate	[13]	14.73%
Investment owned, balance, principal amount	[3]	$ 50,000
Amortized Cost		$ 48,594
Percentage of Net Assets		0.10%
Fair Value	[1]	$ 50,000
Investment, Identifier [Axis]: DP Flores Holdings, LLC, LLC units
Investment owned, balance, shares (in shares)		50,171	[3]	50,171	[4]
Amortized Cost		$ 50,171		$ 50,171
Percentage of Net Assets		0.10%		0.10%
Fair Value		$ 48,206	[1]	$ 50,171	[2]
Investment, Identifier [Axis]: DP Flores Holdings, LLC, One stop 1
Investment, basis spread, variable rate		6.25%	[10],[32]	6.50%	[12],[27]
Investment interest rate		10.98%	[13]	10%	[14]
Investment owned, balance, principal amount		$ 1,852,258	[3]	$ 1,856,900	[4]
Amortized Cost		$ 1,822,654		$ 1,824,523
Percentage of Net Assets		2%		2.70%
Fair Value		$ 1,852,258	[1]	$ 1,824,404	[2]
Investment, Identifier [Axis]: DP Flores Holdings, LLC, One stop 2
Investment, basis spread, variable rate		6.25%	[10],[15]	6.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (986)	[15]	$ (1,076)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ 0	[1],[15]	$ (1,080)	[2],[16]
Investment, Identifier [Axis]: DP Flores Holdings, LLC, One stop 3
Investment, basis spread, variable rate		6.25%	[10],[15]	6.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (9,784)	[15]	$ (10,674)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ 0	[1],[15]	$ (10,714)	[2],[16]
Investment, Identifier [Axis]: DP Flores Holdings, LLC, One stop 4
Investment, basis spread, variable rate	[12]			6.50%
Investment owned, balance, principal amount	[4]			$ 0
Amortized Cost				$ 0
Percentage of Net Assets				0%
Fair Value	[2]			$ 0
Investment, Identifier [Axis]: DP Flores Holdings, LLC, One stop 5
Investment, basis spread, variable rate	[12]			6.50%
Investment owned, balance, principal amount	[4]			$ 0
Amortized Cost				$ 0
Percentage of Net Assets				0%
Fair Value	[2]			$ 0
Investment, Identifier [Axis]: Disco Parent, Inc., One stop 1
Investment, basis spread, variable rate	[10],[25]	7.50%
Investment interest rate	[13]	12.39%
Investment owned, balance, principal amount	[3]	$ 270,167
Amortized Cost		$ 263,419
Percentage of Net Assets		0.30%
Fair Value	[1]	$ 263,413
Investment, Identifier [Axis]: Disco Parent, Inc., One stop 2
Investment, basis spread, variable rate	[10],[15]	7.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (882)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (882)
Investment, Identifier [Axis]: Dwyer Instruments, Inc., One stop 1
Investment, basis spread, variable rate		6%	[10],[35]	6%	[12],[36]
Investment interest rate		11.16%	[13]	9.67%	[14]
Investment owned, balance, principal amount		$ 241,238	[3]	$ 242,454	[4]
Amortized Cost		$ 237,129		$ 237,847
Percentage of Net Assets		0.30%		0.30%
Fair Value		$ 241,238	[1]	$ 237,605	[2]
Investment, Identifier [Axis]: Dwyer Instruments, Inc., One stop 2
Investment, basis spread, variable rate		6%	[10],[28],[35]	5.50%	[12],[37]
Investment interest rate		11.70%	[13]	8.38%	[14]
Investment owned, balance, principal amount		$ 6,751	[3]	$ 4,754	[4]
Amortized Cost		$ 6,232		$ 4,176
Percentage of Net Assets		0%		0%
Fair Value		$ 6,751	[1]	$ 4,145	[2]
Investment, Identifier [Axis]: Dwyer Instruments, Inc., One stop 3
Investment, basis spread, variable rate		6%	[10],[15]	6%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (518)	[15]	$ (578)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ 0	[1],[15]	$ (608)	[2],[16]
Investment, Identifier [Axis]: ESN Venture Holdings, LLC, One stop 1
Investment, basis spread, variable rate	[10],[32]	6.50%
Investment interest rate	[13]	11.36%
Investment owned, balance, principal amount	[3]	$ 1,438,546
Amortized Cost		$ 1,420,019
Percentage of Net Assets		1.60%
Fair Value	[1]	$ 1,438,546
Investment, Identifier [Axis]: ESN Venture Holdings, LLC, One stop 2
Investment, basis spread, variable rate	[10],[32]	6.50%
Investment interest rate	[13]	11.28%
Investment owned, balance, principal amount	[3]	$ 17,173
Amortized Cost		$ 16,158
Percentage of Net Assets		0%
Fair Value	[1]	$ 17,173
Investment, Identifier [Axis]: ESN Venture Holdings, LLC, One stop 3
Investment, basis spread, variable rate	[10],[15]	6.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (11,284)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ 0
Investment, Identifier [Axis]: Excelitas Technologies Corp., One stop 1
Investment, basis spread, variable rate		5.75%	[10],[25]	5.75%	[12],[27]
Investment interest rate		10.61%	[13]	8.59%	[14]
Investment owned, balance, principal amount		$ 727,347	[3]	$ 681,340	[4]
Amortized Cost		$ 713,945		$ 667,340
Percentage of Net Assets		0.80%		1%
Fair Value		$ 720,073	[1]	$ 674,526	[2]
Investment, Identifier [Axis]: Excelitas Technologies Corp., One stop 2
Investment, basis spread, variable rate		5.75%	[10],[18],[20],[38]	5.75%	[12],[22],[24],[39]
Investment interest rate		8.36%	[13],[18],[20]	6.08%	[14],[22],[24]
Investment owned, balance, principal amount		$ 122,091	[3],[18],[20]	$ 110,374	[4],[22],[24]
Amortized Cost		$ 114,134	[18],[20]	$ 113,968	[22],[24]
Percentage of Net Assets		0.10%	[18],[20]	0.20%	[22],[24]
Fair Value		$ 120,870	[1],[18],[20]	$ 109,270	[2],[22],[24]
Investment, Identifier [Axis]: Excelitas Technologies Corp., One stop 3
Investment, basis spread, variable rate		5.75%	[10],[25]	5.75%	[12],[27]
Investment interest rate		10.61%	[13]	8.59%	[14]
Investment owned, balance, principal amount		$ 25,851	[3]	$ 27,166	[4]
Amortized Cost		$ 25,264		$ 26,524
Percentage of Net Assets		0%		0%
Fair Value		$ 25,194	[1]	$ 26,509	[2]
Investment, Identifier [Axis]: Excelitas Technologies Corp., One stop 4
Investment, basis spread, variable rate		5.75%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (1,228)	[15]	$ (1,288)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (854)	[1],[15]	$ (1,314)	[2],[16]
Investment, Identifier [Axis]: GTY Technology Holdings, Inc., LP units
Investment owned, balance, shares (in shares)		28,453	[3]	27,082	[4]
Amortized Cost		$ 28,453		$ 27,082
Percentage of Net Assets		0%		0%
Fair Value		$ 31,363	[1]	$ 27,082	[2]
Investment, Identifier [Axis]: GTY Technology Holdings, Inc., One stop
Investment, basis spread, variable rate	[12],[27]			6.88%
Investment interest rate	[14]			9.81%
Investment, interest rate, paid in kind	[14]			0.63%
Investment owned, balance, principal amount	[4]			$ 1,822,403
Amortized Cost				$ 1,787,534
Percentage of Net Assets				2.60%
Fair Value	[2]			$ 1,804,179
Investment, Identifier [Axis]: GTY Technology Holdings, Inc., One stop 1
Investment, basis spread, variable rate	[10],[25],[31]	6.88%
Investment interest rate	[13],[31]	7.48%
Investment, interest rate, paid in kind	[13],[31]	4.30%
Investment owned, balance, principal amount	[3],[31]	$ 1,862,207
Amortized Cost	[31]	$ 1,829,905
Percentage of Net Assets	[31]	2%
Fair Value	[1],[31]	$ 1,843,584
Investment, Identifier [Axis]: GTY Technology Holdings, Inc., One stop 2
Investment, basis spread, variable rate		6.88%	[10],[25],[31]	6.88%	[12],[16]
Investment interest rate	[13],[31]	7.31%
Investment, interest rate, paid in kind	[13],[31]	4.30%
Investment owned, balance, principal amount		$ 1,215,786	[3],[31]	$ 0	[4],[16]
Amortized Cost		$ 1,191,462	[31]	$ (1,452)	[16]
Percentage of Net Assets		1.30%	[31]	0%	[16]
Fair Value		$ 1,203,628	[1],[31]	$ (751)	[2],[16]
Investment, Identifier [Axis]: GTY Technology Holdings, Inc., One stop 3
Investment, basis spread, variable rate		6.88%	[10],[25],[31]	6.88%	[12],[16]
Investment interest rate	[13],[31]	7.48%
Investment, interest rate, paid in kind	[13],[31]	4.30%
Investment owned, balance, principal amount		$ 222,899	[3],[31]	$ 0	[4],[16]
Amortized Cost		$ 220,941	[31]	$ (13,736)	[16]
Percentage of Net Assets		0.20%	[31]	0%	[16]
Fair Value		$ 220,670	[1],[31]	$ (14,214)	[2],[16]
Investment, Identifier [Axis]: GTY Technology Holdings, Inc., One stop 4
Investment, basis spread, variable rate	[10],[15]	6.25%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (1,345)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (751)
Investment, Identifier [Axis]: Goldcup 31018 AB, One stop 1
Investment, basis spread, variable rate		9.57%	[10],[18],[20],[31],[40],[41]	7.07%	[12],[22],[24],[42],[43]
Investment interest rate		6.07%	[13],[18],[20],[31],[41]	3.57%	[14],[22],[24],[43]
Investment, interest rate, paid in kind		6.32%	[13],[18],[20],[31],[41]	3.82%	[14],[22],[24],[43]
Investment owned, balance, principal amount		$ 797,546	[3],[18],[20],[31],[41]	$ 707,189	[4],[22],[24],[43]
Amortized Cost		$ 729,651	[18],[20],[31],[41]	$ 713,581	[22],[24],[43]
Percentage of Net Assets		0.90%	[18],[20],[31],[41]	1%	[22],[24],[43]
Fair Value		$ 789,571	[1],[18],[20],[31],[41]	$ 698,349	[2],[22],[24],[43]
Investment, Identifier [Axis]: Goldcup 31018 AB, One stop 2
Investment, basis spread, variable rate		6.50%	[10],[15],[18],[20],[41]	6.50%	[12],[16],[22],[24],[43]
Investment owned, balance, principal amount		$ 0	[3],[15],[18],[20],[41]	$ 0	[4],[16],[22],[24],[43]
Amortized Cost		$ (1,118)	[15],[18],[20],[41]	$ (1,213)	[16],[22],[24],[43]
Percentage of Net Assets		0%	[15],[18],[20],[41]	0%	[16],[22],[24],[43]
Fair Value		$ (904)	[1],[15],[18],[20],[41]	$ (1,022)	[2],[16],[22],[24],[43]
Investment, Identifier [Axis]: Goldcup 31018 AB, One stop 3
Investment, basis spread, variable rate		6.50%	[10],[15],[18],[20],[41]	6.50%	[12],[16],[22],[24],[43]
Investment owned, balance, principal amount		$ 0	[3],[15],[18],[20],[41]	$ 0	[4],[16],[22],[24],[43]
Amortized Cost		$ (1,373)	[15],[18],[20],[41]	$ (1,482)	[16],[22],[24],[43]
Percentage of Net Assets		0%	[15],[18],[20],[41]	0%	[16],[22],[24],[43]
Fair Value		$ (1,323)	[1],[15],[18],[20],[41]	$ (1,495)	[2],[16],[22],[24],[43]
Investment, Identifier [Axis]: Groundworks LLC, One stop 1
Investment, basis spread, variable rate	[9],[10]	6.50%
Investment interest rate	[13]	11.36%
Investment owned, balance, principal amount	[3]	$ 435,462
Amortized Cost		$ 422,491
Percentage of Net Assets		0.40%
Fair Value	[1]	$ 422,399
Investment, Identifier [Axis]: Groundworks LLC, One stop 2
Investment, basis spread, variable rate	[10],[15]	6.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (1,184)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (1,192)
Investment, Identifier [Axis]: Groundworks LLC, One stop 3
Investment, basis spread, variable rate	[10],[15]	6.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (795)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (801)
Investment, Identifier [Axis]: HS Spa Holdings, Inc., Common Stock
Investment owned, balance, shares (in shares)		33,412	[3]	33,412	[4]
Amortized Cost		$ 33,412		$ 33,412
Percentage of Net Assets		0%		0%
Fair Value		$ 33,433	[1]	$ 32,049	[2]
Investment, Identifier [Axis]: HS Spa Holdings, Inc., One stop 1
Investment, basis spread, variable rate		5.75%	[10],[32]	5.75%	[12],[26]
Investment interest rate		10.45%	[13]	7.51%	[14]
Investment owned, balance, principal amount		$ 478,683	[3]	$ 481,094	[4]
Amortized Cost		$ 470,244		$ 471,928
Percentage of Net Assets		0.50%		0.70%
Fair Value		$ 469,109	[1]	$ 471,472	[2]
Investment, Identifier [Axis]: HS Spa Holdings, Inc., One stop 2
Investment, basis spread, variable rate		5.75%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (1,189)	[15]	$ (1,304)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (1,061)	[1],[15]	$ (1,380)	[2],[16]
Investment, Identifier [Axis]: Health Buyer, LLC, Senior secured 1
Investment, basis spread, variable rate		5.25%	[10],[32]	5.25%	[12],[26]
Investment interest rate		10.29%	[13]	7.98%	[14]
Investment owned, balance, principal amount		$ 127,062	[3]	$ 127,700	[4]
Amortized Cost		$ 125,394		$ 125,888
Percentage of Net Assets		0.10%		0.20%
Fair Value		$ 121,979	[1]	$ 120,038	[2]
Investment, Identifier [Axis]: Health Buyer, LLC, Senior secured 2
Investment, basis spread, variable rate		5.25%	[9],[10]	5.25%	[11],[12]
Investment interest rate		10.07%	[13]	8.03%	[14]
Investment owned, balance, principal amount		$ 10,702	[3]	$ 1,274	[4]
Amortized Cost		$ 10,468		$ 1,019
Percentage of Net Assets		0%		0%
Fair Value		$ 10,104	[1]	$ 273	[2]
Investment, Identifier [Axis]: ICIMS, Inc., One stop 1
Investment, basis spread, variable rate		7.25%	[10],[25]	6.75%	[12],[27]
Investment interest rate		8.18%	[13]	9.49%	[14]
Investment, interest rate, paid in kind	[13],[31]	3.88%
Investment owned, balance, principal amount		$ 3,114,126	[3]	$ 3,082,600	[4]
Amortized Cost		$ 3,065,214		$ 3,028,893
Percentage of Net Assets		3.30%		4.50%
Fair Value		$ 3,051,844	[1]	$ 3,055,627	[2]
Investment, Identifier [Axis]: ICIMS, Inc., One stop 2
Investment, basis spread, variable rate		6.75%	[10],[15]	6.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (773)	[15]	$ (845)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (1,970)	[1],[15]	$ (862)	[2],[16]
Investment, Identifier [Axis]: ICIMS, Inc., One stop 3
Investment, basis spread, variable rate		7.25%	[10],[15]	6.75%	[12]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4]
Amortized Cost		$ 0	[15]	$ 0
Percentage of Net Assets		0%	[15]	0%
Fair Value		$ (15,747)	[1],[15]	$ 0	[2]
Investment, Identifier [Axis]: IQN Holding Corp., One stop 1
Investment, basis spread, variable rate		5.25%	[10],[32]	5.50%	[12],[27]
Investment interest rate		10.38%	[13]	8.41%	[14]
Investment owned, balance, principal amount		$ 741,968	[3]	$ 720,124	[4]
Amortized Cost		$ 735,628		$ 713,351
Percentage of Net Assets		0.80%		1%
Fair Value		$ 727,129	[1]	$ 712,923	[2]
Investment, Identifier [Axis]: IQN Holding Corp., One stop 2
Investment, basis spread, variable rate		5.25%	[10],[15]	5.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (3,490)	[15]	$ (555)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (6,255)	[1],[15]	$ (595)	[2],[16]
Investment, Identifier [Axis]: IQN Holding Corp., One stop 3
Investment, basis spread, variable rate		5.25%	[10],[15]	5.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (505)	[15]	$ (3,930)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (911)	[1],[15]	$ (3,382)	[2],[16]
Investment, Identifier [Axis]: Island Bidco AB, One stop 1
Investment, basis spread, variable rate		7.25%	[10],[18],[20],[31],[40],[41]	7.25%	[12],[22],[24],[42],[43]
Investment interest rate		2.75%	[13],[18],[20],[31],[41]	0.23%	[14],[22],[24],[43]
Investment, interest rate, paid in kind		7.25%	[13],[18],[20],[31],[41]	7.25%	[14],[22],[24],[43]
Investment owned, balance, principal amount		$ 384,009	[3],[18],[20],[31],[41]	$ 328,747	[4],[22],[24],[43]
Amortized Cost		$ 366,244	[18],[20],[31],[41]	$ 346,361	[22],[24],[43]
Percentage of Net Assets		0.40%	[18],[20],[31],[41]	0.50%	[22],[24],[43]
Fair Value		$ 384,009	[1],[18],[20],[31],[41]	$ 325,460	[2],[22],[24],[43]
Investment, Identifier [Axis]: Island Bidco AB, One stop 2
Investment, basis spread, variable rate		7%	[10],[20],[31],[32],[41]	7%	[12],[24],[26],[43]
Investment interest rate		8.29%	[13],[20],[31],[41]	6.09%	[14],[24],[43]
Investment, interest rate, paid in kind		3.50%	[13],[20],[31],[41]	3.50%	[14],[24],[43]
Investment owned, balance, principal amount		$ 185,435	[3],[20],[31],[41]	$ 180,600	[4],[24],[43]
Amortized Cost		$ 183,858	[20],[31],[41]	$ 178,870	[24],[43]
Percentage of Net Assets		0.20%	[20],[31],[41]	0.30%	[24],[43]
Fair Value		$ 185,435	[1],[20],[31],[41]	$ 178,794	[2],[24],[43]
Investment, Identifier [Axis]: Island Bidco AB, One stop 3
Investment, basis spread, variable rate		6.50%	[10],[20],[41]	6.50%	[12],[16],[24],[43]
Investment owned, balance, principal amount		$ 0	[3],[20],[41]	$ 0	[4],[16],[24],[43]
Amortized Cost		$ (256)	[20],[41]	$ (280)	[16],[24],[43]
Percentage of Net Assets		0%	[20],[41]	0%	[16],[24],[43]
Fair Value		$ 0	[1],[20],[41]	$ (292)	[2],[16],[24],[43]
Investment, Identifier [Axis]: Island Bidco AB, One stop 4
Investment, basis spread, variable rate		6.50%	[10],[15],[18],[20],[41]	6.50%	[12],[16],[22],[24],[43]
Investment owned, balance, principal amount		$ 0	[3],[15],[18],[20],[41]	$ 0	[4],[16],[22],[24],[43]
Amortized Cost		$ (494)	[15],[18],[20],[41]	$ (540)	[16],[22],[24],[43]
Percentage of Net Assets		0%	[15],[18],[20],[41]	0%	[16],[22],[24],[43]
Fair Value		$ 0	[1],[15],[18],[20],[41]	$ (530)	[2],[16],[22],[24],[43]
Investment, Identifier [Axis]: Kaseya Inc., LP Interest
Investment owned, balance, shares (in shares)	[3]	20,004
Amortized Cost		$ 20,014
Percentage of Net Assets		0%
Fair Value	[1]	$ 18,836
Investment, Identifier [Axis]: Kaseya Inc., LP interest
Investment owned, balance, shares (in shares)	[4]			20,004
Amortized Cost				$ 20,004
Percentage of Net Assets				0%
Fair Value	[2]			$ 20,004
Investment, Identifier [Axis]: Kaseya Inc., One stop 1
Investment, basis spread, variable rate		5.75%	[10],[25]	5.75%	[12],[26]
Investment interest rate		10.65%	[13]	8.29%	[14]
Investment owned, balance, principal amount		$ 1,784,800	[3]	$ 1,784,800	[4]
Amortized Cost		$ 1,760,483		$ 1,758,539
Percentage of Net Assets		1.90%		2.50%
Fair Value		$ 1,749,104	[1]	$ 1,749,104	[2]
Investment, Identifier [Axis]: Kaseya Inc., One stop 2
Investment, basis spread, variable rate		5.75%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (957)	[15]	$ (1,034)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (2,152)	[1],[15]	$ (2,152)	[2],[16]
Investment, Identifier [Axis]: Kaseya Inc., One stop 3
Investment, basis spread, variable rate		5.75%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (957)	[15]	$ (1,034)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (2,152)	[1],[15]	$ (2,152)	[2],[16]
Investment, Identifier [Axis]: Kaseya Inc., Preferred Stock
Investment, interest rate, paid in kind	[13],[44]	11.75%
Investment owned, balance, shares (in shares)	[3],[44]	340
Amortized Cost	[44]	$ 352,875
Percentage of Net Assets	[44]	0.40%
Fair Value	[1],[44]	$ 352,709
Investment, Identifier [Axis]: Kaseya Inc., Preferred stock
Investment owned, balance, shares (in shares)	[4]			340
Amortized Cost				$ 331,598
Percentage of Net Assets				0.50%
Fair Value	[2]			$ 351,200
Investment, Identifier [Axis]: NSG Buyer, Inc., LP units
Investment owned, balance, shares (in shares)	[3]	372
Amortized Cost		$ 372,024
Percentage of Net Assets		0.40%
Fair Value	[1]	$ 371,239
Investment, Identifier [Axis]: NSG Buyer, Inc., One stop 1
Investment, basis spread, variable rate		6.50%	[9],[10]	6%	[11],[12]
Investment interest rate		11.41%	[13]	9.13%	[14]
Investment owned, balance, principal amount		$ 3,988,081	[3]	$ 1,169,950	[4]
Amortized Cost		$ 3,903,509		$ 1,158,677
Percentage of Net Assets		4.20%		1.70%
Fair Value		$ 3,948,201	[1]	$ 1,169,950	[2]
Investment, Identifier [Axis]: NSG Buyer, Inc., One stop 2
Investment, basis spread, variable rate		6.50%	[9],[10]	6%	[11],[12]
Investment interest rate		11.41%	[13]	9.13%	[14]
Investment owned, balance, principal amount		$ 129,137	[3]	$ 35,905	[4]
Amortized Cost		$ 120,184		$ 35,559
Percentage of Net Assets		0.10%		0.10%
Fair Value		$ 119,622	[1]	$ 35,905	[2]
Investment, Identifier [Axis]: NSG Buyer, Inc., One stop 3
Investment, basis spread, variable rate		6.50%	[10],[15]	6%	[11],[12]
Investment interest rate	[14]			9.13%
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 20,944	[4]
Amortized Cost		$ (466)	[15]	$ 20,743
Percentage of Net Assets		0%	[15]	0%
Fair Value		$ (500)	[1],[15]	$ 20,944	[2]
Investment, Identifier [Axis]: NSG Buyer, Inc., One stop 4
Investment, basis spread, variable rate	[11],[12]			6%
Investment interest rate	[14]			9.13%
Investment owned, balance, principal amount	[4]			$ 19,748
Amortized Cost				$ 17,412
Percentage of Net Assets				0%
Fair Value	[2]			$ 19,748
Investment, Identifier [Axis]: NSG Buyer, Inc., One stop 5
Investment, basis spread, variable rate	[11],[12]			6%
Investment interest rate	[14]			9.13%
Investment owned, balance, principal amount	[4]			$ 8,054
Amortized Cost				$ 7,476
Percentage of Net Assets				0%
Fair Value	[2]			$ 8,054
Investment, Identifier [Axis]: National Express Wash Parent Holdco, LLC, LP units
Investment owned, balance, shares (in shares)		438	[3]	438	[4]
Amortized Cost		$ 43,800		$ 43,800
Percentage of Net Assets		0.10%		0.10%
Fair Value		$ 50,112	[1]	$ 43,800	[2]
Investment, Identifier [Axis]: National Express Wash Parent Holdco, LLC, One stop 1
Investment, basis spread, variable rate		5.50%	[10],[25]	5.50%	[12],[26]
Investment interest rate		10.29%	[13]	8.27%	[14]
Investment owned, balance, principal amount		$ 3,326,615	[3]	$ 2,260,800	[4]
Amortized Cost		$ 3,296,730		$ 2,238,881
Percentage of Net Assets		3.40%		3.20%
Fair Value		$ 3,193,550	[1]	$ 2,238,192	[2]
Investment, Identifier [Axis]: National Express Wash Parent Holdco, LLC, One stop 2
Investment, basis spread, variable rate		5.50%	[10],[15]	5.50%	[12],[26]
Investment interest rate	[14]			8.39%
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 44,000	[4]
Amortized Cost		$ (4,813)	[15]	$ 42,720
Percentage of Net Assets		0%	[15]	0.10%
Fair Value		$ 0	[1],[15]	$ 42,680	[2]
Investment, Identifier [Axis]: National Express Wash Parent Holdco, LLC, One stop 3
Investment, basis spread, variable rate		5.50%	[10],[15]	5.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (1,186)	[15]	$ (15,582)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (5,280)	[1],[15]	$ (16,072)	[2],[16]
Investment, Identifier [Axis]: Netwrix Corporation, LLC units
Investment owned, balance, shares (in shares)		8,231	[3]	8,231	[4]
Amortized Cost		$ 16,697		$ 16,697
Percentage of Net Assets		0%		0%
Fair Value		$ 19,167	[1]	$ 18,437	[2]
Investment, Identifier [Axis]: Netwrix Corporation, One stop 1
Investment, basis spread, variable rate		5%	[10],[25],[32]	5%	[12],[27]
Investment interest rate		10.12%	[13]	7.90%	[14]
Investment owned, balance, principal amount		$ 3,824,302	[3]	$ 3,246,128	[4]
Amortized Cost		$ 3,795,749		$ 3,217,658
Percentage of Net Assets		4%		4.70%
Fair Value		$ 3,786,059	[1]	$ 3,213,667	[2]
Investment, Identifier [Axis]: Netwrix Corporation, One stop 2
Investment, basis spread, variable rate		5%	[10],[15]	5%	[12],[27]
Investment interest rate	[14]			8.44%
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 118,320	[4]
Amortized Cost		$ (6,594)	[15]	$ 111,073
Percentage of Net Assets		0%	[15]	0.10%
Fair Value		$ (11,506)	[1],[15]	$ 100,951	[2]
Investment, Identifier [Axis]: Netwrix Corporation, One stop 3
Investment, basis spread, variable rate		5%	[10],[25]	5%	[12],[16]
Investment interest rate	[13]	9.90%
Investment owned, balance, principal amount		$ 29,250	[3]	$ 0	[4],[16]
Amortized Cost		$ 28,215		$ (1,118)	[16]
Percentage of Net Assets		0%		0%	[16]
Fair Value		$ 28,080	[1]	$ (1,170)	[2],[16]
Investment, Identifier [Axis]: Onit, Inc., Preferred Stock
Investment, interest rate, paid in kind	[13],[44]	15%
Investment owned, balance, shares (in shares)	[3],[44]	50
Amortized Cost	[44]	$ 42,454
Percentage of Net Assets	[44]	0%
Fair Value	[1],[44]	$ 42,001
Investment, Identifier [Axis]: Onit, Inc., Warrant
Investment owned, balance, shares (in shares)	[3]	33
Amortized Cost		$ 6,499
Percentage of Net Assets		0%
Fair Value	[1]	$ 6,487
Investment, Identifier [Axis]: PING Identity Holding Corp., One stop 1
Investment, basis spread, variable rate	[9],[10]	7%
Investment interest rate	[13]	11.76%
Investment owned, balance, principal amount	[3]	$ 641,698
Amortized Cost		$ 632,547
Percentage of Net Assets		0.70%
Fair Value	[1]	$ 635,281
Investment, Identifier [Axis]: PING Identity Holding Corp., One stop 2
Investment, basis spread, variable rate	[10],[15]	7%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (741)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (642)
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, One stop 1
Investment, basis spread, variable rate		5.75%	[9],[10],[25],[32]	5.75%	[12],[26],[27]
Investment interest rate		10.93%	[13]	9.29%	[14]
Investment owned, balance, principal amount		$ 3,605,935	[3]	$ 3,028,491	[4]
Amortized Cost		$ 3,546,841		$ 2,970,513
Percentage of Net Assets		3.80%		4.30%
Fair Value		$ 3,533,817	[1]	$ 2,967,922	[2]
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, One stop 2
Investment interest rate		13%	[13],[31]	13%	[14]
Investment owned, balance, principal amount		$ 391,768	[3],[31]	$ 367,236	[4]
Amortized Cost		$ 383,348	[31]	$ 358,250
Percentage of Net Assets		0.40%	[31]	0.50%
Fair Value		$ 368,262	[1],[31]	$ 358,055	[2]
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, One stop 3
Investment, basis spread, variable rate	[10],[15]	5.75%
Investment interest rate	[14],[16]			13%
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 100	[4],[16]
Amortized Cost		$ (4,364)	[15]	$ (1,398)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (4,761)	[1],[15]	$ (1,415)	[2],[16]
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, One stop 4
Investment, basis spread, variable rate	[12],[16]			5.75%
Investment interest rate	[13],[15],[31]	13%
Investment owned, balance, principal amount		$ 534	[3],[15],[31]	$ 0	[4],[16]
Amortized Cost		$ (938)	[15],[31]	$ (4,703)	[16]
Percentage of Net Assets		0%	[15],[31]	0%	[16]
Fair Value		$ (489)	[1],[15],[31]	$ (4,761)	[2],[16]
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, One stop 5
Investment, basis spread, variable rate		5.75%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (8,717)	[15]	$ (9,110)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (3,121)	[1],[15]	$ (7,335)	[2],[16]
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, One stop 6
Investment interest rate	[13],[31]	13%
Investment owned, balance, principal amount	[3],[31]	$ 90,522
Amortized Cost	[31]	$ 89,504
Percentage of Net Assets	[31]	0.10%
Fair Value	[1],[31]	$ 85,090
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, One stop 7
Investment interest rate	[13],[31]	13%
Investment owned, balance, principal amount	[3],[31]	$ 16,615
Amortized Cost	[31]	$ 16,424
Percentage of Net Assets	[31]	0%
Fair Value	[1],[31]	$ 15,618
Investment, Identifier [Axis]: PPW Aero Buyer, Inc., LP units
Investment owned, balance, shares (in shares)	[3]	14,540
Amortized Cost		$ 145,395
Percentage of Net Assets		0.20%
Fair Value	[1]	$ 145,395
Investment, Identifier [Axis]: PPW Aero Buyer, Inc., One stop 1
Investment, basis spread, variable rate	[10],[25]	7%
Investment interest rate	[13]	11.90%
Investment owned, balance, principal amount	[3]	$ 5,421,178
Amortized Cost		$ 5,261,881
Percentage of Net Assets		5.70%
Fair Value	[1]	$ 5,312,754
Investment, Identifier [Axis]: PPW Aero Buyer, Inc., One stop 2
Investment, basis spread, variable rate	[10],[15]	7%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (1,469)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (1,000)
Investment, Identifier [Axis]: Plasma Buyer LLC, One stop 1
Investment, basis spread, variable rate		5.75%	[10],[25]	5.75%	[12],[27]
Investment interest rate		10.65%	[13]	9.30%	[14]
Investment owned, balance, principal amount		$ 263,670	[3]	$ 264,995	[4]
Amortized Cost		$ 259,064		$ 259,989
Percentage of Net Assets		0.30%		0.40%
Fair Value		$ 255,760	[1]	$ 259,695	[2]
Investment, Identifier [Axis]: Plasma Buyer LLC, One stop 2
Investment, basis spread, variable rate		5.75%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (502)	[15]	$ (551)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (709)	[1],[15]	$ (589)	[2],[16]
Investment, Identifier [Axis]: Plasma Buyer LLC, One stop 3
Investment, basis spread, variable rate		5.75%	[10],[15]	5.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (600)	[15]	$ (649)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (2,061)	[1],[15]	$ (1,374)	[2],[16]
Investment, Identifier [Axis]: Quant Buyer, Inc., One stop 1
Investment, basis spread, variable rate		6%	[10],[25]	5.50%	[12],[27]
Investment interest rate		10.40%	[13]	8.47%	[14]
Investment owned, balance, principal amount		$ 2,699,387	[3]	$ 2,712,957	[4]
Amortized Cost		$ 2,675,580		$ 2,687,101
Percentage of Net Assets		2.80%		3.80%
Fair Value		$ 2,597,863	[1]	$ 2,618,872	[2]
Investment, Identifier [Axis]: Quant Buyer, Inc., One stop 2
Investment, basis spread, variable rate		6%	[10],[25]	5.50%	[12],[27]
Investment interest rate		10.40%	[13]	8.47%	[14]
Investment owned, balance, principal amount		$ 2,274,272	[3]	$ 2,285,700	[4]
Amortized Cost		$ 2,254,214		$ 2,263,915
Percentage of Net Assets		2.30%		3.20%
Fair Value		$ 2,188,736	[1]	$ 2,206,432	[2]
Investment, Identifier [Axis]: Quant Buyer, Inc., One stop 3
Investment, basis spread, variable rate		6%	[10],[15]	5.50%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (884)	[15]	$ (955)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ (3,769)	[1],[15]	$ (3,475)	[2],[16]
Investment, Identifier [Axis]: Quant Buyer, Inc., One stop 4
Investment, basis spread, variable rate	[10],[15]	6.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (1,704)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ (1,705)
Investment, Identifier [Axis]: Rainforest Bidco Limited, One stop 1
Investment, basis spread, variable rate		6.13%	[10],[18],[19],[20],[31]	5.75%	[12],[21],[22],[23],[24]
Investment interest rate		7.68%	[13],[18],[19],[20],[31]	7.94%	[14],[22],[23],[24]
Investment, interest rate, paid in kind	[13],[18],[19],[20],[31]	2.63%
Investment owned, balance, principal amount		$ 686,818	[3],[18],[19],[20],[31]	$ 613,023	[4],[22],[23],[24]
Amortized Cost		$ 646,911	[18],[19],[20],[31]	$ 636,381	[22],[23],[24]
Percentage of Net Assets		0.70%	[18],[19],[20],[31]	0.90%	[22],[23],[24]
Fair Value		$ 679,950	[1],[18],[19],[20],[31]	$ 604,594	[2],[22],[23],[24]
Investment, Identifier [Axis]: Rainforest Bidco Limited, One stop 2
Investment, basis spread, variable rate		6.13%	[10],[19],[20],[25],[31]	5.75%	[12],[22],[23],[24]
Investment interest rate	[13],[19],[20],[31]	8.18%
Investment, interest rate, paid in kind	[13],[19],[20],[31]	2.63%
Investment owned, balance, principal amount		$ 131,557	[3],[19],[20],[31]	$ 0	[4],[22],[23],[24]
Amortized Cost		$ 129,945	[19],[20],[31]	$ 0	[22],[23],[24]
Percentage of Net Assets		0.10%	[19],[20],[31]	0%	[22],[23],[24]
Fair Value		$ 130,241	[1],[19],[20],[31]	$ 0	[2],[22],[23],[24]
Investment, Identifier [Axis]: Rainforest Bidco Limited, One stop 3
Investment, basis spread, variable rate		8.38%	[10],[17],[18],[19],[20],[31]	5.75%	[12],[16],[22],[23],[24]
Investment interest rate	[13],[18],[19],[20],[31]	9.93%
Investment, interest rate, paid in kind	[13],[18],[19],[20],[31]	2.63%
Investment owned, balance, principal amount		$ 50,373	[3],[18],[19],[20],[31]	$ 0	[4],[16],[22],[23],[24]
Amortized Cost		$ 47,442	[18],[19],[20],[31]	$ (2,472)	[16],[22],[23],[24]
Percentage of Net Assets		0.10%	[18],[19],[20],[31]	0%	[16],[22],[23],[24]
Fair Value		$ 49,869	[1],[18],[19],[20],[31]	$ (2,408)	[2],[16],[22],[23],[24]
Investment, Identifier [Axis]: ReliaQuest Holdings, LLC, One stop 1
Investment, basis spread, variable rate		10.75%	[10],[32]	10.75%	[12],[27]
Investment interest rate		15.57%	[13]	14.30%	[14]
Investment owned, balance, principal amount		$ 224,149	[3]	$ 224,149	[4]
Amortized Cost		$ 220,441		$ 219,917
Percentage of Net Assets		0.30%		0.30%
Fair Value		$ 224,149	[1]	$ 224,149	[2]
Investment, Identifier [Axis]: ReliaQuest Holdings, LLC, One stop 2
Investment, basis spread, variable rate		10.75%	[10],[25],[32]	10.75%	[12],[27]
Investment interest rate		15.70%	[13]	14.30%	[14]
Investment owned, balance, principal amount		$ 26,207	[3]	$ 10,184	[4]
Amortized Cost		$ 26,207		$ 10,184
Percentage of Net Assets		0%		0%
Fair Value		$ 26,207	[1]	$ 10,184	[2]
Investment, Identifier [Axis]: ReliaQuest Holdings, LLC, One stop 3
Investment, basis spread, variable rate		10.75%	[10],[15]	10.75%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3],[15]	$ 0	[4],[16]
Amortized Cost		$ (277)	[15]	$ (317)	[16]
Percentage of Net Assets		0%	[15]	0%	[16]
Fair Value		$ 0	[1],[15]	$ 0	[2],[16]
Investment, Identifier [Axis]: SailPoint Technologies Holdings, Inc., One stop 1
Investment, basis spread, variable rate		6.25%	[9],[10]	6.25%	[11],[12]
Investment interest rate		10.99%	[13]	9.10%	[14]
Investment owned, balance, principal amount		$ 3,893,507	[3]	$ 3,893,507	[4]
Amortized Cost		$ 3,821,611		$ 3,815,992
Percentage of Net Assets		4.10%		5.60%
Fair Value		$ 3,815,637	[1]	$ 3,854,572	[2]
Investment, Identifier [Axis]: SailPoint Technologies Holdings, Inc., One stop 2
Investment, basis spread, variable rate		6.25%	[10]	6.25%	[12],[16]
Investment owned, balance, principal amount		$ 0	[3]	$ 0	[4],[16]
Amortized Cost		$ (954)		$ (1,043)	[16]
Percentage of Net Assets		0%		0%	[16]
Fair Value		$ (2,130)	[1]	$ (1,065)	[2],[16]
Investment, Identifier [Axis]: Salon Lofts Group, LLC, LP units
Investment owned, balance, shares (in shares)		62	[3]	62	[4]
Amortized Cost		$ 62,482		$ 62,482
Percentage of Net Assets		0.10%		0.10%
Fair Value		$ 56,021	[1]	$ 62,480	[2]
Investment, Identifier [Axis]: Salon Lofts Group, LLC, One stop 1
Investment, basis spread, variable rate		5.75%	[10],[25]	5.75%	[12],[27]
Investment interest rate		10.42%	[13]	9.30%	[14]
Investment owned, balance, principal amount		$ 166,950	[3]	$ 2,567,500	[4]
Amortized Cost		$ 165,443		$ 2,542,188
Percentage of Net Assets		0.20%		3.70%
Fair Value		$ 166,950	[1]	$ 2,541,825	[2]
Investment, Identifier [Axis]: Salon Lofts Group, LLC, One stop 2
Investment, basis spread, variable rate		5.75%	[10],[25]	5.75%	[12],[16]
Investment interest rate	[13]	10.65%
Investment owned, balance, principal amount		$ 2,554,663	[3]	$ 0	[4],[16]
Amortized Cost		$ 2,531,598		$ (1,211)	[16]
Percentage of Net Assets		2.70%		0%	[16]
Fair Value		$ 2,554,663	[1]	$ (1,228)	[2],[16]
Investment, Identifier [Axis]: Salon Lofts Group, LLC, One stop 3
Investment, basis spread, variable rate		5.75%	[10],[32]	5.75%	[12],[16]
Investment interest rate	[13]	10.88%
Investment owned, balance, principal amount		$ 41,737	[3]	$ 0	[4],[16]
Amortized Cost		$ 41,361		$ (12,912)	[16]
Percentage of Net Assets		0%		0%	[16]
Fair Value		$ 41,737	[1]	$ (13,097)	[2],[16]
Investment, Identifier [Axis]: Salon Lofts Group, LLC, One stop 4
Investment, basis spread, variable rate	[9],[10]	5.75%
Investment interest rate	[13]	10.54%
Investment owned, balance, principal amount	[3]	$ 15,350
Amortized Cost		$ 14,241
Percentage of Net Assets		0%
Fair Value	[1]	$ 15,350
Investment, Identifier [Axis]: Salon Lofts Group, LLC, One stop 5
Investment, basis spread, variable rate	[10],[15]	5.75%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (9,940)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ 0
Investment, Identifier [Axis]: Spotless Brands, LLC, One stop 1
Investment, basis spread, variable rate		6.50%	[10],[25]	6.50%	[12],[27]
Investment interest rate		11.31%	[13]	9.19%	[14]
Investment owned, balance, principal amount		$ 763,305	[3]	$ 767,150	[4]
Amortized Cost		$ 749,780		$ 752,283
Percentage of Net Assets		0.80%		1.10%
Fair Value		$ 732,864	[1]	$ 751,807	[2]
Investment, Identifier [Axis]: Spotless Brands, LLC, One stop 2
Investment, basis spread, variable rate		6.50%	[10],[25]	6.50%	[11],[12]
Investment interest rate		11.35%	[13]	9.44%	[14]
Investment owned, balance, principal amount		$ 82,868	[3]	$ 39,188	[4]
Amortized Cost		$ 82,134		$ 38,382
Percentage of Net Assets		0.10%		0.10%
Fair Value		$ 79,563	[1]	$ 38,356	[2]
Investment, Identifier [Axis]: Spotless Brands, LLC, One stop 3
Investment, basis spread, variable rate		6.50%	[10],[25]	6.50%	[11],[12],[45]
Investment interest rate		11.34%	[13]	9.92%	[14]
Investment owned, balance, principal amount		$ 61,567	[3]	$ 12,827	[4]
Amortized Cost		$ 61,022		$ 12,484
Percentage of Net Assets		0%		0%
Fair Value		$ 59,112	[1]	$ 12,473	[2]
Investment, Identifier [Axis]: Spotless Brands, LLC, One stop 4
Investment, basis spread, variable rate		6.50%	[9],[10]	6.50%	[12],[16]
Investment interest rate	[13]	11.39%
Investment owned, balance, principal amount		$ 3,543	[3]	$ 0	[4],[16]
Amortized Cost		$ 3,230		$ (598)	[16]
Percentage of Net Assets		0%		0%	[16]
Fair Value		$ 2,837	[1]	$ (617)	[2],[16]
Investment, Identifier [Axis]: Templafy APS and Templafy, LLC, One stop 1
Investment, basis spread, variable rate		6.50%	[10],[20],[32],[46]	6.50%	[12],[24],[26],[47]
Investment interest rate		11.57%	[13],[20],[46]	9.64%	[14],[24],[47]
Investment owned, balance, principal amount		$ 552,300	[3],[20],[46]	$ 552,300	[4],[24],[47]
Amortized Cost		$ 538,832	[20],[46]	$ 537,562	[24],[47]
Percentage of Net Assets		0.60%	[20],[46]	0.80%	[24],[47]
Fair Value		$ 552,300	[1],[20],[46]	$ 536,753	[2],[24],[47]
Investment, Identifier [Axis]: Templafy APS and Templafy, LLC, One stop 2
Investment, basis spread, variable rate		6.50%	[10],[15],[20],[46]	6.50%	[12],[16],[24],[47]
Investment owned, balance, principal amount		$ 0	[3],[15],[20],[46]	$ 0	[4],[16],[24],[47]
Amortized Cost		$ (222)	[15],[20],[46]	$ (243)	[16],[24],[47]
Percentage of Net Assets		0%	[15],[20],[46]	0%	[16],[24],[47]
Fair Value		$ 0	[1],[15],[20],[46]	$ (251)	[2],[16],[24],[47]
Investment, Identifier [Axis]: Templafy APS and Templafy, LLC, One stop 3
Investment, basis spread, variable rate		6.50%	[10],[15],[20],[46]	6.50%	[12],[16],[24],[47]
Investment owned, balance, principal amount		$ 0	[3],[15],[20],[46]	$ 0	[4],[16],[24],[47]
Amortized Cost		$ (2,753)	[15],[20],[46]	$ (3,013)	[16],[24],[47]
Percentage of Net Assets		0%	[15],[20],[46]	0%	[16],[24],[47]
Fair Value		$ 0	[1],[15],[20],[46]	$ (3,107)	[2],[16],[24],[47]
Investment, Identifier [Axis]: Templafy APS and Templafy, LLC, Warrant
Investment owned, balance, shares (in shares)		29	[3],[20],[46]	29	[4],[24],[47]
Amortized Cost		$ 11,056	[20],[46]	$ 11,056	[24],[47]
Percentage of Net Assets		0%	[20],[46]	0%	[24],[47]
Fair Value		$ 7,720	[1],[20],[46]	$ 11,056	[2],[24],[47]
Investment, Identifier [Axis]: Zarya Holdco, Inc., Senior secured 1
Investment, basis spread, variable rate		6.50%	[9],[10]	6.50%	[11],[12]
Investment interest rate		11.31%	[13]	9.63%	[14]
Investment owned, balance, principal amount		$ 300,126	[3]	$ 300,126	[4]
Amortized Cost		$ 300,126		$ 300,126
Percentage of Net Assets		0.30%		0.50%
Fair Value		$ 300,126	[1]	$ 300,126	[2]
Investment, Identifier [Axis]: Zarya Holdco, Inc., Senior secured 2
Investment, basis spread, variable rate		6.50%	[10]	6.50%	[12]
Investment owned, balance, principal amount		$ 0	[3]	$ 0	[4]
Amortized Cost		$ 0		$ 0
Percentage of Net Assets		0%		0%
Fair Value		$ 0	[1]	$ 0	[2]
Investment, Identifier [Axis]: Zendesk, Inc., LP units
Investment owned, balance, shares (in shares)	[3]	9,084
Amortized Cost		$ 90,839
Percentage of Net Assets		0.10%
Fair Value	[1]	$ 93,769
Investment, Identifier [Axis]: Zendesk, Inc., One stop 1
Investment, basis spread, variable rate	[10],[25],[31]	7%
Investment interest rate	[13],[31]	8.38%
Investment, interest rate, paid in kind	[13],[31]	3.50%
Investment owned, balance, principal amount	[3],[31]	$ 3,960,000
Amortized Cost	[31]	$ 3,885,497
Percentage of Net Assets	[31]	4.20%
Fair Value	[1],[31]	$ 3,960,000
Investment, Identifier [Axis]: Zendesk, Inc., One stop 2
Investment, basis spread, variable rate	[10],[15]	6.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (941)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ 0
Investment, Identifier [Axis]: Zendesk, Inc., One stop 3
Investment, basis spread, variable rate	[10],[15]	6.50%
Investment owned, balance, principal amount	[3],[15]	$ 0
Amortized Cost	[15]	$ (9,313)
Percentage of Net Assets	[15]	0%
Fair Value	[1],[15]	$ 0
Investment, Identifier [Axis]: bswift, LLC, One stop
Investment, basis spread, variable rate	[9],[10]	6.63%
Investment interest rate	[13]	11.34%
Investment owned, balance, principal amount	[3]	$ 330,472
Amortized Cost		$ 320,812
Percentage of Net Assets		0.30%
Fair Value	[1]	$ 320,558
[1]The fair values of investments were valued using significant unobservable inputs, unless otherwise noted. See Note 6. Fair Value Measurements.[2]The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements.[3]The total principal amount is presented for debt investments while the number of shares or units owned is presented for equity investments.[4]The total principal amount is presented for debt investments while the number of shares or units owned is presented for equity investments.[5]Equity investments are non-income producing securities, unless otherwise noted.[6]Ownership of certain equity investments occurs through a holding company or partnership.[7]Equity investments are non-income producing securities.[8]Ownership of certain equity investments occurs through a holding company or partnership.[9] (f) Denotes that all or a portion of the contract was indexed to the 30-day Term SOFR which was 4.80% as of March 31, 2023. which reset daily, monthly, quarterly, semiannually or annually. For each, the Company has provided the spread over the applicable index and the weighted average current interest rate in effect as of March 31, 2023. Certain investments are subject to an interest rate floor. For fixed rate loans, a spread above a reference rate is not applicable. For positions with multiple outstanding contracts, the spread for the largest outstanding contract is shown. Listed below are the index rates as of March 31, 2023, which was the last business day of the period on which the applicable index rates were determined. The actual index rate for each loan listed may not be the applicable index rate outstanding as of March 31, 2023, as the loan may have priced or repriced based on an index rate prior to March 31, 2023. (g) Denotes that all or a portion of the loan was indexed to the 30-day Term SOFR which was 3.04% as of September 30, 2022. which reset daily, monthly, quarterly, semiannually or annually. For each, the Company has provided the spread over the applicable index and the weighted average current interest rate in effect as of September 30, 2022. Certain investments are subject to an interest rate floor. For fixed rate loans, a spread above a reference rate is not applicable. For positions with multiple outstanding contracts, the spread for the largest outstanding contract is shown. Listed below are the index rates as of September 30, 2022, which was the last business day of the period on which the applicable index was determined. The actual index rate for each loan listed may not be the applicable index rate outstanding as of September 30, 2022, as the loan may have priced or repriced based on an index rate prior to September 30, 2022. (e) Denotes that all or a portion of the contract was indexed to SONIA, which was 4.18% as of March 31, 2023. (f) Denotes that all or a portion of the loan was indexed to SONIA, which was 2.19% as of September 30, 2022. (g) Denotes that all or a portion of the contract was indexed to the 90-day Term SOFR which was 4.91% as of March 31, 2023. (i) Denotes that all or a portion of the loan was indexed to the 180-day Term SOFR which was 3.99% as of September 30, 2022. (h) Denotes that all or a portion of the loan was indexed to the 90-day Term SOFR which was 3.59% as of September 30, 2022. (b) Denotes that all or a portion of the contract was indexed to the Prime rate, which was 8.00% as of March 31, 2023. (h) Denotes that all or a portion of the contract was indexed to the 180-day Term SOFR which was 4.90% as of March 31, 2023. (a) Denotes that all or a portion of the contract was indexed to the 90-day LIBOR, which was 5.19% as of March 31, 2023. (a) Denotes that all or a portion of the loan was indexed to the 90-day LIBOR, which was 3.75% as of September 30, 2022 . (b) Denotes that all or a portion of the loan was indexed to the 180-day LIBOR, which was 4.23% as of September 30, 2022 . (c) Denotes that all or a portion of the contract was indexed to the 90-day EURIBOR, which was 3.04% as of March 31, 2023. (d) Denotes that all or a portion of the loan was indexed to the 90-day EURIBOR, which was 1.17% as of September 30, 2022 . (d) Denotes that all or a portion of the contract was indexed to the 180-day EURIBOR, which was 3.34% as of March 31, 2023. (e) Denotes that all or a portion of the loan was indexed to the 180-day EURIBOR, which was 1.81% as of September 30, 2022 . (c) Denotes that all or a portion of the loan was indexed to the Prime rate, which was 6.25% as of September 30, 2022 .

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (unaudited) (Parenthetical)	6 Months Ended	12 Months Ended
	Mar. 31, 2023	Sep. 30, 2022
Non-qualifying Asset | Investments, at Fair Value | Asset Concentration Risk
Concentration risk, percentage	4.80%	5.70%
90-Day London Interbank Offered Rate (LIBOR)
Investment, basis spread, variable rate	5.19%	3.75%
Prime Rate
Investment, basis spread, variable rate	8%	6.25%
90-Day EURIBOR
Investment, basis spread, variable rate	3.04%	1.17%
180-Day EURIBOR
Investment, basis spread, variable rate	3.34%	1.81%
SONIA
Investment, basis spread, variable rate	4.18%	2.19%
30-Day SOFR
Investment, basis spread, variable rate	4.80%	3.04%
90-Day SOFR
Investment, basis spread, variable rate	4.91%	3.59%
180-Day SOFR
Investment, basis spread, variable rate	4.90%	3.99%
180-Day London Interbank Offered Rate (LIBOR)
Investment, basis spread, variable rate		4.23%

Organization

Organization	6 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Note 1. Organization Golub Capital Direct Lending Unlevered Corporation (“GDLCU” and, collectively with its consolidated subsidiaries, the “Company”) is an externally managed, closed-end, non-diversified management investment company that elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), on April 1 , 2022. On April 1, 2022, the date of comme ncement of operations, the Company entered into subscription agreements (collectively, the “Subscription Agreements”) to sell shares of GDLCU’s common stock in private placements. In addition, for U.S. federal income tax purposes, GDLCU intends to elect to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) beginning with the fiscal year ended September 30, 2022. The use of “unlevered” in the Company’s name is intended to mean that the Company will be unlevered, except for borrowing funds on a short-term basis to fulfill working capital needs. The Company’s investment strategy is to invest primarily in one stop (a loan that combines characteristics of traditional first lien senior secured loans and second lien or subordinated loans and that are often referred to by other middle-market lenders as unitranche loans) and other senior secured loans of U.S. middle-market companies that are, in most cases, sponsored by private equity firms. The Company also selectively invests in second lien and subordinated (a loan that ranks senior only to a borrower’s equity securities and ranks junior to all of such borrower’s other indebtedness in priority of payment) loans of, and warrants and minority equity securities in, primarily U.S. middle-market companies. The Company has entered into an investment advisory agreement (the “Investment Advisory Agreement”) with GC Advisors LLC (the “Investment Adviser”), under which the Investment Adviser manages the day-to-day operations of, and provides investment advisory services to, the Company. Under an administration agreement (the “Administration Agreement”) the Company is provided with certain services by an administrator (the “Administrator”), which is currently Golub Capital LLC.

Significant Accounting Policies

Significant Accounting Policies and Recent Accounting Updates	6 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies and Recent Accounting Updates	Note 2. Significant Accounting Policies and Recent Accounting Updates Basis of presentation: The Company is an investment company as defined in the accounting and reporting guidance under Accounting Standards Codification (“ASC”) Topic 946 - Financial Services - Investment Companies (“ASC Topic 946”). The accompanying unaudited interim consolidated financial statements of the Company and related financial information have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) as established by the Financial Accounting Standards Board (“FASB”) for the interim financial information and pursuant to the requirements for reporting on Form 10-Q and Articles 6, 10 and 12 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, the consolidated financial statements reflect all adjustments and reclassifications consisting solely of normal accruals that are necessary for the fair presentation of financial results as of and for the periods presented. All intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation. The unaudited interim consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes thereto in the Company’s Form 10-K for the period ended September 30, 2022, as filed with the U.S. Securities and Exchange Commission (the “SEC”). Fair value of financial instruments: The Company applies fair value to all of its financial instruments in accordance with ASC Topic 820 - Fair Value Measurement (“ASC Topic 820”) . ASC Topic 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements. In accordance with ASC Topic 820, the Company has categorized its financial instruments carried at fair value, based on the priority of the valuation technique, into a three-level fair value hierarchy. Fair value is a market-based measure considered from the perspective of the market participant who holds the financial instrument rather than an entity-specific measure. Therefore, when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that management believes market participants would use in pricing the financial instrument at the measurement date. The availability of observable inputs can vary depending on the financial instrument and is affected by a wide variety of factors, including, for example, the type of product, whether the product is new, whether the product is traded on an active exchange or in the secondary market and the current market conditions. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for financial instruments classified as Level 3. Any changes to the valuation methodology are reviewed by management and the Company’s board of directors (the “Board”) to confirm that the changes are appropriate. As markets change, new products develop and the pricing for products becomes more or less transparent, the Company will continue to refine its valuation methodologies. See further description of fair value methodology in Note 7. Fair Value Measurements. Use of estimates: The preparation of the unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Consolidation: As provided under ASC Topic 946 and Regulation S-X, the Company will generally not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company c onsolidated the results of the Company’s wholly-owned subsidiaries, Golub Capital Direct Lending Unlevered Holdings LLC and Golub Capital Direct Lending Unlevered Holdings Coinvest, Inc., i n its consolidated financial statements. Cash and foreign currencies: Cash and foreign currencies are highly liquid investments with an original maturity of three months or less at the date of acquisition. The Company deposits its cash in financial institutions and, at times, such balances exceed the Federal Deposit Insurance Corporation insurance limits. Foreign currency translation: The Company’s books and records are maintained in U.S. dollars. Any foreign currency amounts are translated into U.S. dollars. Non-U.S. dollar transactions during the year are valued at the prevailing spot rates on the applicable transaction date and the related assets and liabilities are revalued at the prevailing spot rates as of period-end. Net assets and fair values are presented based on the applicable foreign exchange rates and fluctuations arising from the translation of assets and liabilities are included with the net change in unrealized appreciation (depreciation) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. Foreign security and currency transactions involve certain considerations and risks not typically associated with investing in U.S. companies. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities. Forward currency contracts: A forward currency contract is an obligation between two parties to purchase or sell a specific currency for an agreed-upon price at a future date. The Company utilized forward currency contracts to economically hedge the currency exposure associated with certain foreign-denominated investments. The use of forward currency contracts does not eliminate fluctuations in the price of the underlying securities the Company owns or intends to acquire but establishes a rate of exchange in advance. Fluctuations in the value of these contracts are measured by the difference in the exchange rates on the contract date and reporting date and are recorded as unrealized appreciation (depreciation) until the contracts are closed. When the contracts are closed, realized gains (losses) are recorded. Realized gains (losses) and unrealized appreciation (depreciation) on the contracts are included in the Consolidated Statements of Operations. Unrealized appreciation (depreciation) on forward currency contracts is recorded on the Consolidated Statements of Financial Condition by counterparty on a net basis, not taking into account collateral posted which is recorded separately, if applicable. The primary risks associated with forward currency contracts include failure of the counterparty to meet the terms of the contract and the value of the foreign currency changing unfavorably. These risks can exceed the amounts reflected in the Consolidated Statements of Financial Condition. Refer to Note 6 for more information regarding the forward currency contracts. Revenue recognition: Investments and related investment income: Interest income is accrued based upon the outstanding principal amount and contractual interest terms of debt investments. Loan origination fees, original issue discount and market discount or premium are capitalized, and the Company accretes or amortizes such amounts over the life of the loan as interest income. For the three and six months ended March 31, 2023, interest income included $57,408 and $118,275, respectively, of accretion of discounts and amortization of premiums. For the three and six months ended March 31, 2023, the Company received loan origination fees of $264,178 and $746,613, respectively. For investments with contractual payment-in-kind (“PIK”) interest, which represents contractual interest accrued and added to the principal balance that generally becomes due at maturity, the Company will not accrue PIK interest if the portfolio company valuation indicates that the PIK interest is not collectible. For the three and six months ended March 31, 2023, interest income included $159,512 and $229,505, respectively, of PIK interest and the Company capitalized PIK interest of $164,663 and $221,941, respectively, into the principal balance of certain debt investments. In addition, the Company generates revenue in the form of amendment, structuring or due diligence fees, fees for providing managerial assistance, consulting fees, administrative agent fees, and prepayment premiums on loans. The Company records these fees as fee income when earned. All other income is recorded into income when earned. For the three and six months ended March 31, 2023, fee income included no prepayment premiums. For the three and six months ended March 31, 2023, the Company received interest and fee income in cash, which excludes capitalized loan origination fees, in the amounts of $1,994,561 and $3,450,144, respectively. Dividend income on equity securities is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. The Company has certain preferred equity securities in the portfolio that contain a PIK dividend provision that are accrued and recorded as income at the contractual rates, if deemed collectible. The accrued PIK and non-cash dividends are capitalized to the cost basis of the preferred equity security and are generally collected when redeemed by the issuer. For the three and six months ended March 31, 2023, the Company recognized PIK and non-cash dividend income of $11,518 and $21,730, respectively, which were capitalized into the cost basis of certain preferred equity investments. For the three and six months ended March 31, 2023, the Company received no cash payments of accrued and capitalized preferred dividends in cash. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded portfolio companies. Each distribution received from limited liability company (“LLC”) and limited partnership (“LP”) investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, the Company will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the distribution. Distributions that are classified as a return of capital are recorded as a reduction in the amortized cost basis of the investment. For the three and six months ended March 31, 2023, the Company received no dividend income in cash, and did not receive any return of capital cash distributions. Investment transactions are accounted for on a trade-date basis. Realized gains or losses on investments are measured by the difference between the net proceeds from the disposition and the amortized cost basis of investment, without regard to unrealized gains or losses previously recognized. The Company reports current period changes in fair value of investments that are measured at fair value as a component of the net change in unrealized appreciation (depreciation) on investment transactions in the Consolidated Statements of Operations. Non-accrual loans: A loan can be left on accrual status during the period the Company is pursuing repayment of the loan. Management reviews all loans that become 90 days or more past due on principal and interest, or when there is reasonable doubt that principal or interest will be collected, for possible placement on non-accrual status. When a loan is placed on non-accrual status, unpaid interest credited to income is reversed. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans are recognized as income or applied to principal depending upon management’s judgment. Non-accrual loans are restored to accrual status when past due principal and interest is paid, and, in management’s judgment, payments are likely to remain current. As of March 31, 2023 and September 30, 2022, the Company had no portfolio company investments on non-accrual status. Income taxes: The Company intends to elect to be treated as a RIC under Subchapter M of the Code and operates in a manner so as to qualify for the tax treatment applicable to RICs. In order to qualify and be subject to tax as a RIC, among other things, the Company is required to meet certain source of income and asset diversification requirements and timely distribute dividends for U.S. federal income tax purposes to its stockholders of an amount generally at least equal to 90% of its investment company taxable income, as defined by the Code and determined without regard to any deduction for dividends paid, for each tax year. The Company has made, and intends to continue to make, the requisite distributions to its stockholders, which will generally relieve the Company from U.S. federal income taxes with respect to all income distributed to its stockholders. Depending on the level of taxable income earned in a tax year, the Company can determine to retain taxable income in excess of current year dividend distributions and distribute such taxable income in the next tax year. The Company may then be required to incur a 4% excise tax on such income. To the extent that the Company determines that its estimated current year annual taxable income, determined on a calendar year basis, could exceed estimated current calendar year dividend distributions, the Company accrues excise tax, if any, on estimated excess taxable income as taxable income is e arned. For the three and six months ended March 31, 2023, $9,783 and $39,783, respectively, was recorded for U.S. federal excise tax. The Company accounts for income taxes in conformity with ASC Topic 740 - Income Taxes (“ASC Topic 740”). ASC Topic 740 provides guidelines for how uncertain tax positions should be recognized, measured, presented and disclosed in financial statements. ASC Topic 740 requires the evaluation of tax positions taken in the course of preparing the Company’s tax returns to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax benefits of positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense or tax benefit in the current year. It is the Company’s policy to recognize accrued interest and penalties related to uncertain tax benefits in income tax expense. There were no material unrecognized tax benefits or unrecognized tax liabilities related to uncertain income tax positions through March 31, 2023. Dividends and distributions: Dividends and distributions to common stockholders are recorded on the record date. Subject to the discretion of and as determined by the Board, the Company intends to authorize and declare ordinary cash distributions based on a formula approved by the Board on a quarterly basis. The amount to be paid out as a dividend or distribution is determined by the Board each quarter and is generally based upon the earnings estimated by management. Net realized capital gains, if any, are distributed at least annually, although the Company can retain such capital gains for investment in its discretion. The Company has adopted a dividend reinvestment plan (“DRIP”) that provides for reinvestment of any distributions the Company declares in cash on behalf of its stockholders, unless a stockholder elects to receive cash. As a result, if the Board authorizes and the Company declares a cash distribution, then stockholders who have not “opted out” of the DRIP will have their cash distribution automatically reinvested in additional shares of the

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Stockholders’ Equity	Note 3. Stockholders’ Equity GDLCU is authorized to issue 1,000,000 shares of preferred stock at a par value of $0.001 per share and 200,000,000 shares of common stock at a par value of $0.001 per share. Since the commencement of operations on April 1, 2022, GDLCU has entered into Subscription Agreements with several investors, including with affiliates of the Investment Adviser, providing for the private placement of GDLCU’s common stock. Under the terms of the Subscription Agreements, investors are required to fund drawdowns to purchase GDLCU’s common stock at a price per share equal to the most recent NAV per share as determined by the Board (subject to adjustment to the extent required by Section 23 of the 1940 Act) up to the amount of their respective capital subscriptions on an as-needed basis as determined by GDLCU with a minimum of 10 calendar days prior notice. As of March 31, 2023 and September 30, 2022, the Company had the following subscriptions, pursuant to the Subscription Agreements, and contributions from its stockholders: As of March 31, 2023 As of September 30, 2022 Subscriptions Contributions Subscriptions Contributions GDLCU Stockholders $ 358,715,500 $ 93,659,063 $ 348,715,500 $ 68,548,978 As of March 31, 2023 and September 30, 2022, the ratio of total contributed capital to total capital subscriptions was 26.1% and 19.7%, respectively, and the Company had uncalled capital commitments of $265,056,437 and $280,166,522, respectively. The following table summarizes the shares of GDLCU common stock issued for the six months ended March 31, 2023: Date Shares Issued NAV ($) per share Proceeds Shares issued for the six months ended March 31, 2023 Issuance of shares 11/14/22 717,431.000 $ 15.00 $ 10,761,465 Issuance of shares 02/07/23 956,574.667 15.00 14,348,620 Shares issued for capital drawdowns 1,674,005.667 $ 25,110,085 Issuance of shares 11/23/22 1,664.799 $ 15.00 $ 24,972 Issuance of shares 12/29/22 4,782.751 15.00 71,742 Issuance of shares 03/01/23 2,895.367 15.00 43,430 Issuance of shares 03/22/23 3,478.115 15.00 52,172 Shares issued through DRIP 12,821.032 $ 192,316

Related Party Transactions

Related Party Transactions	6 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 4. Related Party Transactions Investment Advisory Agreement: Under the Investment Advisory Agreement, the Investment Adviser manages the day-to-day operations of, and provides investment advisory services to, the Company. The Board most recently reapproved the Investment Advisory Agreement in May 2023. The Investment Adviser is a registered investment adviser with the SEC. The Investment Adviser receives fees for providing services, consisting of two components, a base management fee and an Incentive Fee (as defined below). The base management fee is calculated at an annual rate equal to 1.00% of the fair value of the average adjusted gross assets of the Company at the end of the two most recently completed calendar quarters (including assets purchased with borrowed funds, securitization-related assets, unrealized depreciation or appreciation on derivative instruments and cash collateral on deposit for such derivative instruments with custodian, but adjusted to exclude cash and cash equivalents so that investors do not pay the base management fee for such assets) and is payable quarterly in arrears. Additionally, the Investment Adviser voluntarily excludes any assets funded with secured borrowing proceeds from the base management fee calculation. The base management fee is adjusted, based on the actual number of days elapsed relative to the total number of days in such calendar quarter, for any share issuances or repurchases during such calendar quarter. For purposes of the Investment Advisory Agreement, cash equivalents mean U.S. government securities and commercial paper instruments maturing within 270 days of purchase (which is different than the GAAP definition, which defines cash equivalents as U.S. government securities and commercial paper instruments maturing within 90 days of purchase). To the extent that the Investment Adviser or any of its affiliates provides investment advisory, collateral management or other similar services to a subsidiary of GDLCU, the base management fee will be reduced by an amount equal to the product of (1) the total fees paid to the Investment Adviser by such subsidiary for such services and (2) the percentage of such subsidiary’s total equity, including membership interests and any class of notes not exclusively held by one or more third parties, that is owned, directly or indirectly, by the Company. The Investment Adviser has agreed to certain waivers with respect to the base management fee for the periods following April 1, 2022, the initial closing date for the private placement of shares of the Company's common stock (the “Initial Closing”), and will irrevocably waive 100% of the base management fee payable pursuant to the Investment Advisory Agreement for the period from April 1, 2022 to March 31, 2023; 66.7% of the base management fee payable pursuant to the Investment Advisory Agreement for the period from April 1, 2023 to March 31, 2024; and 33.3% of the base management fee payable pursuant to the Investment Advisory Agreement for the period from April 1, 2024 to March 31, 2025. For the three and six months ended March 31, 2023, the base management fees incurred by the Company were $194,600 and $363,228, respectively, and the base management fees irrevocably waived by the Investment Adviser were $194,600 and $363,228, respectively. The Incentive Fee consists of three parts: the income component (the “Income Incentive Fee”), the capital gains component (the “Capital Gain Incentive Fee”) and the subordinated liquidation incentive component (the “Subordinated Liquidation Incentive Fee” and, together with the Income Incentive Fee and the Capital Gain Incentive Fee, the “Incentive Fee”). The Income Incentive Fee is calculated quarterly in arrears based on Pre-Incentive Fee Net Investment Income for the immediately preceding calendar quarter. “Pre-Incentive Fee Net Investment Income” means interest income, dividend income and any other income (including any other fees such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies but excluding fees for providing managerial assistance) accrued during the calendar quarter, minus operating expenses for the calendar quarter (including the base management fee, taxes, any expenses payable under the Investment Advisory Agreement and the Administration Agreement, any expenses of securitizations and any interest expense and dividends paid on any 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 market discount, debt instruments with PIK interest, preferred stock with PIK dividends 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. Because of the structure of the Income Incentive Fee, it is possible that an Incentive Fee is calculated under this formula with respect to a period in which the Company has incurred a loss. For example, if the Company receives Pre-Incentive Fee Net Investment Income in excess of the hurdle rate (as defined below) for a calendar quarter, the Income Incentive Fee will result in a positive value, and an Income Incentive Fee will be paid even if the Company has incurred a loss in such period due to realized and/or unrealized capital losses unless the payment of such Income Incentive Fee would cause the Company to pay Income Incentive Fees and Capital Gain Incentive Fees on a cumulative basis that exceed the Incentive Fee Cap described below. Pre-Incentive Fee Net Investment Income, expressed as a rate of return on the value of the Company’s net assets (defined as total assets less indebtedness and before taking into account any Incentive Fees payable during the period) at the end of the immediately preceding calendar quarter, is compared to a fixed ‘‘hurdle rate’’ of 1.0% quarterly. If market interest rates rise, it is possible that the Company will be able to invest funds in debt instruments that provide for a higher return, which would increase the Company’s Pre-Incentive Fee Net Investment Income and make it easier for the Investment Adviser to surpass the fixed hurdle rate and receive an Income Incentive Fee. Pre-Incentive Fee Net Investment Income used to calculate this part of the Incentive Fee is also included in the amount of the Company’s total assets (excluding cash and cash equivalents but including assets purchased with borrowed funds, securitization-related assets, unrealized depreciation or appreciation on derivative instruments and cash collateral on deposit with custodian) used to calculate the base management fee. The Company calculates the Income Incentive Fee with respect to its Pre-Incentive Fee Net Investment Income quarterly, in arrears, as follows: • zero in any calendar quarter in which the Pre-Incentive Fee Net Investment Income does not exceed the hurdle rate; • 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 Investment Adviser pursuant to the Income Incentive Fee equal 10.0% of the Pre-Incentive Fee Net Investment Income that exceeds the hurdle rate as if a hurdle rate did not apply. This portion of Pre-Incentive Fee Net Investment Income that exceeds the hurdle rate is referred to as the ‘‘catch-up’’ provision; and • 10.0% of the amount of Pre-Incentive Fee Net Investment Income, if any, that exceeds the catch-up provision in any calendar quarter. The sum of these calculations yields the Income Incentive Fee. This amount is appropriately adjusted for any share issuances or repurchases during the quarter. For the three and six months ended March 31, 2023, the Income Incentive Fee incurred was $196,185 and $365,908, respectively. For the three and six months ended March 31, 2023, $149,270 and $318,993, respectively, of the Income Incentive Fee was irrevocably waived by the Investment Adviser in connection with the Operating Expenses Reimbursement Waiver as defined in the Other related party transactions section below. The second part of the Incentive Fee, the Capital Gain Incentive Fee, equals (a) 10.0% of the Company’s Capital Gain Incentive Fee Base (as defined below), if any, calculated in arrears as of the end of each calendar year (or, upon termination of the Investment Advisory Agreement, as of the termination date), commencing with the calendar year ended December 31, 2022, less (b) the aggregate amount of any previously paid Capital Gain Incentive Fees. The Company’s ‘‘Capital Gain Incentive Fee Base’’ equals (1) the sum of (A) realized capital gains, if any, on a cumulative positive basis, (B) all realized capital losses on a cumulative basis and (C) all unrealized capital depreciation on a cumulative basis, less (2) unamortized deferred debt issuance costs as of the date of calculation, if and to the extent such costs exceed all unrealized capital appreciation on a cumulative basis from April 1, 2022, the date the Company elected to be regulated as a BDC. • The cumulative aggregate realized capital losses are calculated as the sum of the amounts by which (a) the net sales price of each investment in the Company’s portfolio when sold is less than (b) the accreted or amortized cost basis of such investment. • The cumulative aggregate realized capital gains are calculated as the sum of the differences, if positive, between (a) the net sales price of each investment in the Company’s portfolio when sold and (b) the accreted or amortized cost basis of such investment. • The aggregate unrealized capital depreciation is calculated as the sum of the differences, if negative, between (a) the valuation of each investment in the Company’s portfolio as of the applicable Capital Gain Incentive Fee calculation date and (b) the accreted or amortized cost basis of such investment. • The aggregate unrealized capital appreciation is calculated as the sum of the differences, if positive, between (a) the valuation of each investment in our portfolio as of the applicable calculation date and (b) the accreted or amortized cost basis of such investment. Realized capital gains and losses include gains and losses on investments, foreign currencies, derivative contracts and any income tax related to cumulative aggregate realized gains and losses. The Capital Gain Incentive Fee is calculated on a cumulative basis from April 1, 2022 through the end of each calendar year or the termination of the Investment Advisory Agreement. For the three and six months ended March 31, 2023, the Company did not accrue a Capital Gain Incentive Fee. As of March 31, 2023 and September 30, 2022, there was no Capital Gain Incentive Fee as calculated under the Investment Advisory Agreement as described above. Any payment due under the terms of the Investment Advisory Agreement is calculated in arrears at the end of each calendar year. In accordance with GAAP, the Company is required to include the aggregate unrealized capital appreciation on investments in the calculation and accrue a capital gain incentive fee on a quarterly basis as if such unrealized capital appreciation were realized, even though such unrealized capital appreciation is not permitted to be considered in calculating the fee actually payable under the Investment Advisory Agreement. If the Capital Gain Incentive Fee Base, adjusted as required by GAAP to include unrealized capital appreciation, is positive at the end of a period, then GAAP requires the Company to accrue a capital gain incentive fee equal to 10.0% of such amount, less the aggregate amount of the actual Capital Gain Incentive Fees paid and capital gain incentive fees accrued under GAAP in all prior periods. If such amount is negative, then there is no accrual for such period. The resulting accrual under GAAP in a given period results in additional expense if such cumulative amount is greater than in the prior period or a reversal of previously recorded expense if such cumulative amount is less than in the prior period. For the three and six months ended March 31, 2023, the Company did not accrue a capital gain incentive fee under GAAP. As of March 31, 2023, and September 30, 2022, there was no accrual for the capital gain incentive fee under GAAP included in management and incentive fees payable on the Consolidated Statements of Financial Condition. The third part of the Incentive Fee, the Subordinated Liquidation Incentive Fee, equals 10.0% of the net proceeds from a liquidation of the Company in excess of adjusted capital, as calculated immediately prior to liquidation. For purposes of this calculation, (a) ‘‘liquidation’’ includes the sale of all or substantially all of the Company's assets or the acquisition of all or substantially all of the shares of the Company’s common stock in a single or series of related transactions and (b) ‘‘adjusted capital’’ means the net asset value of the Company calculated immediately prior to liquidation in accordance with GAAP less unrealized capital appreciation that would have been subject to the Capital Gain Incentive Fee had capital gain been recognized on the transfer of such assets in the liquidation. The Company has structured the calculation of the Incentive Fee to include a fee limitation such that the Income Incentive Fee and the Capital Gain Incentive Fee will not be paid at any time if, after such payment, the cumulative Income Incentive Fees and Capital Gain Incentive Fees paid to date would exceed an incentive fee cap (the ‘‘Incentive Fee Cap’’). The Incentive Fee Cap in any quarter is equal to the difference between (a) 10% of Cumulative Pre-Incentive Fee Net Income and (b) cumulative incentive fees of any kind paid to the Investment Adviser by the Company since April 1, 2022. To the extent the Incentive Fee Cap is zero or a negative value in any quarter, no incentive fee would be payable in that quarter. ‘‘Cumulative Pre-Incentive Fee Net Income’’ is equal to the sum of (a) Pre-Incentive Fee Net Investment Income for each period since April 1, 2022 and (b) cumulative aggregate realized capital gains, cumulative aggregate realized capital losses, cumulative aggregate unrealized capital depreciation and cumulative aggregate unrealized capital appreciation since April 1, 2022. Administration Agreement: Under the Administration Agreement, the Administrator furnishes the Company with office facilities and equipment, provides the Company with clerical, bookkeeping and record keeping services at such facilities and provides the Company with other administrative services as the Administrator, subject to review by the Board, determines necessary to conduct the Company’s day-to-day operations. The Company reimburses the Administrator the allocable portion of overhead and other expenses incurred by it in performing its obligations under the Administration Agreement, including rent, fees and expenses associated with performing compliance functions and the Company's allocable portion of the cost of its chief financial officer and chief compliance officer and their respective staffs. The Board reviews such expenses to determine that these expenses, including any allocation of expenses among the Company and other entities for which the Administrator provides similar services, are reasonable and comparable to administrative services charged by unaffiliated third party asset managers. Under the Administration Agreement, the Administrator also provides, on the Company’s behalf, managerial assistance to those portfolio companies to which the Company is required to provide such assistance and will be paid an additional amount based on the cost of the services provided, which amount shall not exceed the amount the Company receives from such portfolio companies. As of March 31, 2023, there was $23,517 included in accounts payable and accrued expenses for accrued allocated shared services under the Administration Agreement. As of September 30, 2022, there were no amounts included in accounts payable and accrued expenses for accrued allocated shared services under the Administration Agreement, as a result of the Operating Expenses Reimbursement Waiver as defined in the Other related party transactions section below. Other related party transactions: The Investment Adviser elected to incur the organizational costs associated with the Company’s formation and professional fees through April 1, 2022 and has incurred $56,183 of organization costs and professional fees on behalf of the Company since the Company’s formation in September 2021. The Company agreed to reimburse the Investment Adviser for formation and costs associated with the initial closing of the Subscription Agreements incurred on its behalf up to an aggregate amount of $700,000. Any costs in excess of $700,000 will be borne by the Investment Adviser. As of March 31, 2023, the formation and initial closing costs paid by the Investment Adviser on behalf of the Company subject to reimbursement by the Company totaled $301,431. The Administrator and Investment Adviser voluntarily agreed to irrevocably waive reimbursement from the Company for operating expenses, including but not limited to, audit fees, fees related to professional tax services, administrative fees payable under the Administration Agreement, trustee fees, and fees payable pursuant to the Investment Advisory Agreement, net of the base management fee waivers described above, until the aggregate amount of such waived expense reimbursements equals $1,000,000 (the “Operating Expenses Reimbursement Waiver”). For the three and six months ended March 31, 2023, the Administrator and Investment Adviser waived the reimbursement of $0 and $194,972, respectively, in operating expenses. As of March 31, 2023, the total operating expenses and fees payable pursuant to the Investment Advisory Agreement and Administration Agreement waived under the Operating Expenses Reimbursement Waiver totaled $1,000,000. The Administrator pays for certain unaffiliated third-party expenses incurred by the Company. Such expenses include postage, printing, office supplies, rating agency fees and professional fees. These expenses are not marked-up and represent the same amount the Company would have paid had the Company paid the expenses directly. These expenses are subsequently reimbursed in cash. There were no expenses reimbursed to the Administrator for the three and six months ended March 31, 2023. As of March 31, 2023, there was $320,912 included in accounts payable and accrued expenses for reimbursable expenses that were paid by the Administrator on behalf of the Company. As of September 30, 2022, there were no amounts included in accounts payable and accrued expenses for reimbursable expenses, net of the Operating Expenses Reimbursement Waiver, that were paid by the Administrator on behalf of the Company. On April 1, 2022, GGP Holdings LP, an affiliate of the Investment Adviser, acquired 700.000 shares of common stock of the Company as part of the Company's conversion to a Maryland corporation, in respect of GGP Holdings LP's capital contribution to the Company prior to such date of $10,500. Additionally, on April 1, 2022, GGP Holdings LP transferred its 700.000 shares of common stock of the Company to its wholly-owned subsidiary, GGP Class B-P, LLC. GGP Class B-P, LLC concurrently entered into a Subscription Agreement for $25,000,000. As of March 31, 2023, GGP Class B-P, LLC has an aggregate commitment of $25,010,500. As of March 31, 2023, the Company has issued 459,225.867 shares of its common stock to GGP Class B-P, LLC in exchange for aggregate capital contributions totaling $6,888,388 and has also issued 14,715.519 shares to GGP Class B-P, LLC through the DRIP. The Company is party to an unsecured revolving credit facility with the Investment Adviser (the “Adviser Revolver”) which, as of March 31, 2023, permits the Company to borrow a maximum of $40,000,000 and expires on April 1, 2025. Refer to Note 8. Borrowings for discussion of the Adviser Revolver.

Investments

Investments	6 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Note 5. Investments Investments as of March 31, 2023 and September 30, 2022 consisted of the following: As of March 31, 2023 As of September 30, 2022 Principal Amortized Fair Principal Amortized Fair Senior secured $ 678,301 $ 671,384 $ 672,620 $ 573,072 $ 567,404 $ 560,771 One stop 83,710,061 82,080,359 82,248,234 53,433,895 52,692,591 52,400,764 Subordinated debt 50,000 48,594 50,000 — — — Equity N/A 1,874,248 1,974,136 N/A 1,008,367 1,028,135 Total $ 84,438,362 $ 84,674,585 $ 84,944,990 $ 54,006,967 $ 54,268,362 $ 53,989,670 The following tables show the portfolio composition by geographic region at amortized cost and fair value as a percentage of total investments in portfolio companies. The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company’s business. As of March 31, 2023 As of September 30, 2022 Amortized Cost: United States Mid-Atlantic $ 11,854,083 14.0 % $ 7,080,362 13.0 % Midwest 9,653,204 11.4 7,435,161 13.7 Northeast 20,049,152 23.7 12,164,952 22.4 Southeast 12,894,123 15.2 6,342,481 11.7 Southwest 4,925,236 5.8 4,297,622 7.9 West 20,972,578 24.8 13,018,439 24.0 United Kingdom 1,669,175 2.0 1,338,700 2.5 Luxembourg 802,177 1.0 778,554 1.4 Sweden 1,276,512 1.5 1,235,297 2.3 Israel 31,432 0.0 * 31,432 0.1 Denmark 546,913 0.6 545,362 1.0 Total $ 84,674,585 100.0 % $ 54,268,362 100.0 % Fair Value: United States Mid-Atlantic $ 11,876,802 14.0 % $ 7,127,929 13.2 % Midwest 9,669,415 11.4 7,430,867 13.8 Northeast 19,981,209 23.5 12,054,680 22.3 Southeast 12,960,260 15.3 6,342,591 11.8 Southwest 4,921,134 5.8 4,329,390 8.0 West 21,106,108 24.8 12,907,169 23.9 United Kingdom 1,692,270 2.0 1,245,492 2.3 Luxembourg 788,267 0.9 776,407 1.4 Sweden 1,356,788 1.6 1,199,264 2.2 Israel 32,717 0.0 * 31,430 0.1 Denmark 560,020 0.7 544,451 1.0 Total $ 84,944,990 100.0 % $ 53,989,670 100.0 % * Represents an amount less than 0.1% The industry compositions of the portfolio at amortized cost and fair value as of March 31, 2023 and September 30, 2022 were as follows: As of March 31, 2023 As of September 30, 2022 Amortized Cost: Aerospace and Defense $ 5,405,807 6.4 % $ — — % Automobiles 4,230,697 5.0 3,112,370 5.7 Diversified Consumer Services 6,759,773 8.0 3,606,847 6.7 Diversified Financial Services 750,312 0.9 — — Electronic Equipment, Instruments and Components 1,549,026 1.8 — — Health Care Technology 1,540,395 1.8 518,627 1.0 Healthcare Equipment and Supplies 1,309,973 1.6 1,295,367 2.4 Healthcare Providers and Services 143,302 0.2 143,841 0.3 Hotels, Restaurants and Leisure 2,046,187 2.4 595,150 1.1 Household Durables 420,512 0.5 — — Industrial Conglomerates 1,094,958 1.3 1,047,989 1.9 Insurance 4,101,709 4.8 3,800,618 7.0 IT Services 5,434,614 6.4 4,800,501 8.8 Life Sciences Tools & Services 4,332,022 5.1 — — Pharmaceuticals 802,177 0.9 778,554 1.4 Professional Services 890,305 1.1 284,781 0.5 Software 37,035,533 43.7 28,379,618 52.3 Specialty Retail 6,827,283 8.1 5,904,099 10.9 Total $ 84,674,585 100.0 % $ 54,268,362 100.0 % As of March 31, 2023 As of September 30, 2022 Fair Value: Aerospace and Defense $ 5,457,149 6.4 % $ — — % Automobiles 4,112,758 4.8 3,110,619 5.8 Diversified Consumer Services 6,840,507 8.1 3,619,523 6.7 Diversified Financial Services 752,962 0.9 — — Electronic Equipment, Instruments and Components 1,562,036 1.8 — — Health Care Technology 1,524,104 1.8 513,252 1.0 Healthcare Equipment and Supplies 1,322,211 1.6 1,295,098 2.4 Healthcare Providers and Services 140,140 0.2 143,536 0.3 Hotels, Restaurants and Leisure 2,079,119 2.5 588,369 1.1 Household Durables 420,406 0.5 — — Industrial Conglomerates 1,113,272 1.3 1,050,133 2.0 Insurance 4,092,266 4.8 3,797,726 7.0 IT Services 5,486,945 6.5 4,777,414 8.8 Life Sciences Tools & Services 4,479,493 5.3 — — Pharmaceuticals 788,267 0.9 776,407 1.4 Professional Services 886,512 1.0 287,247 0.5 Software 37,057,706 43.6 28,127,900 52.1 Specialty Retail 6,829,137 8.0 5,902,446 10.9 Total $ 84,944,990 100.0 % $ 53,989,670 100.0 %

Forward Currency Contracts

Forward Currency Contracts	6 Months Ended
	Mar. 31, 2023
Foreign Currency [Abstract]
Forward Currency Contracts	Note 6. Forward Currency Contracts The Company enters into forward currency contracts from time to time to help mitigate the impact that an adverse change in foreign exchange rates would have on the value of the Company's investments denominated in foreign currencies. The outstanding forward currency contracts as of March 31, 2023 were as follows: As of March 31, 2023 Counterparty Currency to be sold Currency to be purchased Settlement Date Unrealized appreciation ($) Unrealized depreciation ($) Macquarie Bank Limited £ 1,125,000 GBP $ 1,246,950 USD 10/13/2023 $ — $ (140,803) Macquarie Bank Limited € 1,150,000 EUR $ 1,148,218 USD 10/13/2023 — (109,538) $ — $ (250,341) There were no outstanding forward currency contracts as of September 30, 2022. In order to better define its contractual rights and to secure rights that will help the Company mitigate its counterparty risk, the Company has entered into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its derivative counterparty, Macquarie Bank Limited (“Macquarie”). The ISDA Master Agreement is a bilateral agreement between the Company and Macquarie that governs over the counter (“OTC”) derivatives, including forward currency contracts, and contains, among other things, collateral posting terms and netting provisions in the event of a default and/or termination event. The provisions of the ISDA Master Agreement permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty. For financial reporting purposes, cash collateral that has been pledged to cover obligations of the Company and cash collateral received from Macquarie, if any, is included in the Consolidated Statements of Financial Condition as cash collateral held for forward currency contracts or cash collateral received for forward currency contracts. The Company minimizes counterparty credit risk by only entering into agreements with counterparties that it believes to be of good standing and by monitoring the financial stability of those counterparties. The following table is intended to provide additional information about the effect of the forward currency contracts on the financial statements of the Company including: the fair value of derivatives by risk category, the location of those fair values on the Consolidated Statements of Financial Condition, and the Company’s gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Company as of March 31, 2023. As of March 31, 2023 Counterparty Risk exposure category Unrealized appreciation on forward currency contracts Unrealized depreciation on forward currency contracts Net amounts presented in the Consolidated Statements of Financial Condition Collateral (Received) Pledged (1) Net Amount (2) Macquarie Bank Limited Foreign exchange $ — $ (250,341) $ (250,341) $ 250,341 $ — (1) The actual collateral pledged may be more than the amount shown due to over collateralization. (2) Represents the net amount due from/(to) counterparties in the event of default. The impact of derivative transactions for the three and six months ended March 31, 2023 on the Consolidated Statements of Operations, including realized and unrealized gains (losses) is summarized in the table below: Realized gain (loss) on forward currency contracts recognized in income Risk exposure category Three months ended Six months ended Foreign exchange $ — $ — Change in unrealized appreciation (depreciation) on forward currency contracts recognized in income Risk exposure category Three months ended Six months ended Foreign exchange $ (38,187) $ (250,341) The following table is a summary of the average outstanding daily volume for forward currency contracts for three and six months ended March 31, 2023: Average U.S. Dollar notional outstanding Three months ended Six months ended Forward currency contracts $ 2,395,168 $ 2,263,565 Exclusion of the Investment Adviser from Commodity Pool Operator Definition Engaging in commodity interest transactions such as swap transactions or futures contracts for the Company may cause the Investment Adviser to fall within the definition of “commodity pool operator” under the Commodity Exchange Act (the “CEA”) and related Commodity Futures Trading Commission (the “CFTC”) regulations. The Investment Adviser has claimed an exclusion from the definition of the term “commodity pool operator” under the CEA and the CFTC regulations in connection with its management of the Company and, therefore, is not subject to CFTC registration or regulation under the CEA as a commodity pool operator with respect to its management of the Company.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7. Fair Value Measurements The Company follows ASC Topic 820 for measuring fair value. Fair value is the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation models involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the assets or liabilities or market and the assets’ or liabilities’ complexity. The Company’s fair value analysis includes an analysis of the value of any unfunded loan commitments. Assets and liabilities are categorized for disclosure purposes based upon the level of judgment associated with the inputs used to measure their value. The valuation hierarchical levels are based upon the transparency of the inputs to the valuation of the asset or liability as of the measurement date. The three levels are defined as follows: Level 1: Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2: Inputs include quoted prices for similar assets or liabilities in active markets and inputs that are observable for the assets or liabilities, either directly or indirectly, for substantially the full term of the assets or liabilities. Level 3: Inputs include significant unobservable inputs for the assets or liabilities and include situations where there is little, if any, market activity for the assets or liabilities. The inputs into the determination of fair value are based upon the best information available and require significant management judgment or estimation. In certain cases, the inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, an asset’s or a liability’s categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The Company assesses the levels of assets and liabilities at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfers. There were no transfers among Level 1, 2 and 3 of the fair value hierarchy for assets and liabilities during the three and six months ended March 31, 2023. The following section describes the valuation techniques used by the Company to measure different assets and liabilities at fair value and includes the level within the fair value hierarchy in which the assets and liabilities are categorized. Investments Level 1 investments are valued using quoted market prices. Level 2 investments are valued using market consensus prices that are corroborated by observable market data and quoted market prices for similar assets and liabilities. Level 3 investments are valued at fair value as determined in good faith by the Board, based on input of management, the audit committee and independent valuation firms that have been engaged at the direction of the Board to assist in the valuation of each portfolio investment without a readily available market quotation at least once during a trailing twelve-month period under a valuation policy and a consistently applied valuation process. This valuation process is conducted at the end of each fiscal quarter, with approximately 25% (based on the number of portfolio companies) of the Company’s valuations of debt and equity investments without readily available market quotations subject to review by an independent valuation firm and each portfolio company subject to review at least once during a trailing twelve-month period. Investments originated during the period from April 1, 2022 (commencement of operations) to June 30, 2022 were not subject to review by an independent valuation firm. All investments as of both March 31, 2023 and September 30, 2022 were valued using Level 3 inputs, with the exception of forward currency contracts (Level 2 investments). When determining fair value of Level 3 debt and equity investments, the Company takes into account the following factors, where relevant: the enterprise value of a portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons to publicly traded securities, and changes in the interest rate environment and the credit markets generally that affect the price at which similar investments are made and other relevant factors. The primary method for determining enterprise value uses a multiple analysis whereby appropriate multiples are applied to the portfolio company’s net income before net interest expense, income tax expense, depreciation and amortization (“EBITDA”). A portfolio company’s EBITDA can include pro-forma adjustments for items such as acquisitions, divestitures, or expense reductions. The enterprise value analysis is performed to determine the value of equity investments and to determine if debt investments are credit impaired. If debt investments are credit impaired, the Company will use the enterprise value analysis or a liquidation basis analysis to determine fair value. For debt investments that are not determined to be credit impaired, the Company uses a market interest rate yield analysis to determine fair value. In addition, for certain debt investments, the Company bases its valuation on indicative bid and ask prices provided by an independent third-party pricing service. Bid prices reflect the highest price that the Company and others may be willing to pay. Ask prices represent the lowest price that the Company and others may be willing to accept. The Company generally uses the midpoint of the bid/ask range as its best estimate of fair value of such investment. Due to the inherent uncertainty of determining the fair value of Level 3 investments that do not have a readily available market value, the fair value of the investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that are ultimately received or settled. Further, such investments are generally subject to legal and other restrictions or otherwise are less liquid than publicly traded instruments. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, the Company could realize significantly less than the value at which such investment had previously been recorded. The Company’s investments are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments are traded. The following tables present fair value measurements of the Company’s investments and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of March 31, 2023 and September 30, 2022: As of March 31, 2023 Fair Value Measurements Using Description Level 1 Level 2 Level 3 Total Assets, at fair value: Debt investments (1) $ — $ — $ 82,970,854 $ 82,970,854 Equity investments (1) — — 1,974,136 1,974,136 Total assets, at fair value: $ — $ — $ 84,944,990 $ 84,944,990 Liabilities, at fair value: Forward currency contracts $ — $ (250,341) $ — $ (250,341) Total liabilities, at fair value: $ — $ (250,341) $ — $ (250,341) As of September 30, 2022 Fair Value Measurements Using Description Level 1 Level 2 Level 3 Total Assets, at fair value: Debt investments (1) $ — $ — $ 52,961,535 $ 52,961,535 Equity investments (1) — — 1,028,135 1,028,135 Total assets, at fair value: $ — $ — $ 53,989,670 $ 53,989,670 (1) Refer to the Consolidated Schedules of Investments for further details. The net change in unrealized appreciation (depreciation) for the three and six months ended March 31, 2023, reported within the net change in unrealized appreciation (depreciation) on investments in the Company’s Consolidated Statements of Operations attributable to the Company's Level 3 assets held as of March 31, 2023 was $505,906 and $563,833, respectively. The following table presents the changes in investments measured at fair value using Level 3 inputs the six months ended March 31, 2023: For the six months ended March 31, 2023 Debt Equity Total Fair value, beginning of period $ 52,961,535 $ 1,028,135 $ 53,989,670 Net change in unrealized appreciation (depreciation) on investments 211,354 80,120 291,474 Net translation of investments in foreign currencies 257,623 — 257,623 Fundings of (proceeds from) revolving loans, net 26,545 — 26,545 Fundings of investments 30,638,643 864,156 31,502,799 PIK interest and non-cash dividends 221,941 21,730 243,671 Proceeds from principal payments and sales of portfolio investments (1,465,062) (20,005) (1,485,067) Accretion of discounts and amortization of premiums 118,275 — 118,275 Fair value, end of period $ 82,970,854 $ 1,974,136 $ 84,944,990 The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of March 31, 2023 and September 30, 2022: Quantitative information about Level 3 Fair Value Measurements Fair Value as of March 31, 2023 Valuation Techniques Unobservable Input Range (Weighted Average) (1) Assets, at fair value: Senior secured loans $ 672,620 Market rate approach Market interest rate 9.0% - 10.0% (9.6%) Market comparable companies EBITDA multiples 9.0x - 26.0x (16.8x) One stop loans (2) $ 82,248,234 Market rate approach Market interest rate 7.0% - 14.5% (10.2%) Market comparable companies EBITDA multiples 7.0x - 33.0x (17.7x) Market comparable companies Revenue multiples 6.0x - 17.0x (12.0x) Subordinated debt and second lien loans $ 50,000 Market rate approach Market interest rate 13.5% Market comparable companies EBITDA multiples 9.5x Equity (3) $ 1,974,136 Market comparable companies EBITDA multiples 12.0x - 24.0x (19.1x) Revenue multiples 6.0x - 17.0x (14.1x) (1) Unobservable inputs were weighted by the relative fair value of the instruments. (2) The Company valued $52,746,368 and $29,501,866 of one stop loans using EBITDA and revenue multiples, respectively. All one stop loans were also valued using the market rate approach. (3) The Company valued $1,311,525 and $662,611 of equity investments using EBITDA and revenue multiples, respectively. Quantitative information about Level 3 Fair Value Measurements Fair Value as of September 30, 2022 Valuation Techniques Unobservable Input Range (Weighted Average) (1) Assets, at fair value: Senior secured loans $ 560,771 Market rate approach Market interest rate 8.8% - 9.5% (9.4%) Market comparable companies EBITDA multiples 10.3x - 26.2x (18.9x) One stop loans (2) $ 52,400,764 Market rate approach Market interest rate 8.0% - 13.5% (9.4%) Market comparable companies EBITDA multiples 7.0x - 32.9x (18.6x) Market comparable companies Revenue multiples 7.8x - 16.7x (14.0x) Equity (3) $ 1,028,135 Market comparable companies EBITDA multiples 12.6x - 25.9x (22.8x) Revenue multiples 7.8x - 16.7x (15.9x) (1) Unobservable inputs were weighted by the relative fair value of the instruments. (2) The Company valued $32,469,726 and $19,931,038 of one stop loans using EBITDA and revenue multiples, respectively. All one stop loans were also valued using the market rate approach. (3) The Company valued $578,141 and $449,994 of equity investments using EBITDA and revenue multiples, respectively. The above tables are not intended to be all-inclusive but rather to provide information on significant unobservable inputs and valuation techniques used by the Company. The significant unobservable inputs used in the fair value measurement of the Company’s debt and equity investments are EBITDA multiples, revenue multiples and market interest rates. The Company uses EBITDA multiples and, to a lesser extent, revenue multiples on its debt and equity investments to determine any credit gains or losses. Increases or decreases in either of these inputs in isolation would have resulted in a significantly lower or higher fair value measurement. The Company uses market interest rates for loans to determine if the effective yield on a loan is commensurate with the market yields for that type of loan. If a loan’s effective yield was significantly less than the market yield for a similar loan with a similar credit profile, then the resulting fair value of the loan may have been lower.

Borrowings

Borrowings	6 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Borrowings	Note 8. Borrowings In accordance with the 1940 Act, with certain limited exceptions, the Company is currently allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 200% after such borrowing. The Company has not sought or obtained any approval necessary to be subject to the reduced asset coverage requirements available to BDCs pursuant to Section 61(a)(2) of the 1940 Act, which permits a BDC to have asset coverage of 150%, or a ratio of total consolidated assets to outstanding indebtedness of 2:1 as compared to a maximum of 1:1 under the 200% asset coverage requirement under the 1940 Act. As of March 31, 2023, the Company did not have any outstanding borrowings or senior securities representing indebtedness. Adviser Revolver: The Company has entered into the Adviser Revolver with the Investment Adviser pursuant to which, as of March 31, 2023 and September 30, 2022, the Company was permitted to borrow up to $40,000,000 in U.S. dollars and certain agreed upon foreign currencies and which had a maturity date of April 1, 2025. The Adviser Revolver bears an interest rate equal to the short-term Applicable Federal Rate (“AFR”). The short-term AFR on the Adviser Revolver as of March 31, 2023 was 4.4%. For the three and six months ended March 31, 2023, the Company had no borrowings and made no repayments on the Adviser Revolver. As of March 31, 2023 and September 30, 2022, the Company did not have any outstanding borrowings under the Adviser Revolver.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies Commitments: As of March 31, 2023, the Company had outstanding commitments to fund investments totaling $12,566,843, including $2,769,381 of commitments on undrawn revolvers. As of September 30, 2022, the Company had outstanding commitments to fund investments totaling $14,646,625, including $2,352,541 of commitments on undrawn revolvers. Indemnifications: In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties that provide general indemnifications. The Company’s maximum exposure under these arrangements is unknown, as these involve future claims against the Company that have not occurred. The Company expects the risk of any future obligations under these indemnifications to be remote. Off-balance sheet risk: Off-balance sheet risk refers to an unrecorded potential liability that may result in a future obligation or loss, even though it does not appear on the Consolidated Statements of Financial Condition. The Company has entered and, in the future, may again enter into derivative instruments that contain elements of off-balance sheet market and credit risk. Refer to Note 6 for outstanding forward currency contracts as of March 31, 2023. As of September 30, 2022, there were no commitments outstanding for derivative contracts. Derivative instruments can be affected by market conditions, such as interest rate and foreign currency volatility, which could impact the fair value of the derivative instruments. If market conditions move against the Company, it may not achieve the anticipated benefits of the derivative instruments and may realize a loss. The Company minimizes market risk through monitoring its investments and borrowings. Concentration of credit and counterparty risk: Credit risk arises primarily from the potential inability of counterparties to perform in accordance with the terms of the contract. The Company has engaged and in the future may engage again in derivative transactions with counterparties. In the event that the counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparties or issuers of the instruments. The Company’s maximum loss that it could incur related to counterparty risk on its derivative instruments is the value of the collateral for that respective derivative instrument. It is the Company’s policy to review, as necessary, the credit standing of each counterparty. Legal proceedings: In the normal course of business, the Company is subject to legal and regulatory proceedings that are generally incidental to its ongoing operations. While there can be no assurance of the ultimate disposition of any such proceedings, the Company does not believe any disposition will have a material adverse effect on the Company’s consolidated financial statements.

Financial Highlights

Financial Highlights	6 Months Ended
	Mar. 31, 2023
Investment Company [Abstract]
Financial Highlights	Note 10. Financial Highlights The financial highlights for the Company are as follows: Per share data: (1) Six Months Ended Net asset value at beginning of period $ 15.00 Distributions declared: (2) From net investment income (0.70) Net investment income 0.67 Net change in unrealized appreciation (depreciation) on investment transactions (3) 0.03 Net asset value at end of period $ 15.00 Total return based on net asset value per share (4) 4.76 % Number of common shares outstanding 6,258,653.053 Listed below are supplemental data and ratios to the financial highlights: Six Months Ended Ratio of net investment income to average net assets * 8.97 % Ratio of total expenses to average net assets *(5) 2.51 % Ratio of management fee waiver to average net assets * (0.90) % Ratio of incentive fee waiver to average net assets (0.40) % Ratio of operating expense waiver to average net assets (0.24) % Ratio of incentive fees to average net assets (5) 0.45 % Ratio of excise tax to average net assets (5) 0.05 % Ratio of net expenses to average net assets *(5) 0.97 % Ratio of total expenses (without incentive fees) to average net assets *(5) 1.11 % Total return based on average net asset value (6) 4.85 % Total return based on average net asset value - annualized (6) 9.74 % Net assets at end of period $ 93,879,796 Average debt outstanding $ — Average debt outstanding per share $ — Portfolio Turnover * 4.15 % Asset coverage ratio (7) N/A Asset coverage ratio per unit (8) N/A Average market value per unit (9) : Adviser Revolver N/A * Annualized for a period less than one year, unless otherwise noted. (1) Based on actual number of shares outstanding at the end of the corresponding period or the weighted average shares outstanding for the period, unless otherwise noted, as appropriate. (2) The per share data for distributions reflect the amount of distributions paid or payable with a record date during the applicable period. (3) Includes the impact of different share amounts 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 the shares outstanding at the end of the period and as of the dividend record date. (4) Total return based on net asset value per share assumes distributions are reinvested in accordance with the DRIP. Total return does not include sales load. (5) Incentive fees and excise taxes are not annualized in the calculation. (6) Total return based on average net asset value is calculated as (a) the net increase (decrease) in net assets resulting from operations divided by (b) the daily average of total net assets. Total return does not include sales load. (7) In accordance with the 1940 Act, with certain limited exceptions, the Company is currently allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 200% after such borrowing. The ratio is not applicable as there was no debt outstanding as of March 31, 2023. (8) Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. The ratio is not applicable as there was no debt outstanding as of March 31, 2023. (9) Not applicable as the Adviser Revolver is not registered for public trading.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 11. Earnings Per Share The following information sets forth the computation of the net increase (decrease) in net assets per share resulting from operations for the three and six months ended March 31, 2023: Three months ended Six months ended Earnings available to stockholders $ 2,381,530 $ 3,919,152 Basic and diluted weighted average shares outstanding 5,860,405 5,398,684 Basic and diluted earnings per share $ 0.41 $ 0.72

Dividends and Distributions

Dividends and Distributions	6 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Dividends And Distributions	Note 12. Dividends and Distributions The Company’s dividends and distributions are recorded on the record date. The following table summarizes the Company’s dividend declarations and distributions with a record date during the six months ended March 31, 2023: Date Declared Record Date Payment Date Shares Outstanding Amount Per Share Total Dividends Declared For the six months ended March 31, 2023 08/05/2022 10/18/2022 12/29/2022 4,571,826.354 $ 0.0980 $ 447,823 11/18/2022 11/21/2022 12/29/2022 5,289,257.354 0.0964 509,660 11/18/2022 12/15/2022 03/01/2023 5,290,922.153 0.1096 580,139 11/18/2022 01/17/2023 03/22/2023 5,295,704.904 0.1301 689,210 02/07/2023 02/24/2023 05/24/2023 6,252,279.571 0.1148 717,968 02/07/2023 03/17/2023 05/24/2023 6,255,174.938 0.1558 974,352 Total dividends declared for the six months ended March 31, 2023 $ 3,919,152 The following table summarizes the Company’s distributions reinvested during the six months ended March 31, 2023: Payment Date DRIP Shares Issued NAV ($) per share DRIP Shares Value (1) For the six months ended March 31, 2023 November 23, 2022 1,664.799 $ 15.00 $ 24,972 December 29, 2022 4,782.751 15.00 71,742 March 1, 2023 2,895.367 15.00 43,430 March 22, 2023 3,478.115 15.00 52,172 12,821.032 $ 192,316

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 13. Subsequent Events In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date of issuance. There are no subsequent events to disclose except for the following: On February 7, 2023 and May 5, 2023, the Com pany’s board of directors declared distributions to holders of record as set forth in the table below: Record Date Payment Date Amount Per Share April 28, 2023 June 22, 2023 In an amount (if positive) such that the net asset value of the Company as of April 30, 2023 on a pro forma basis after giving effect to the net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period April 1, 2023 through April 30, 2023 and the payment of this distribution is $15.00 per share May 26, 2023 August 23, 2023 In an amount (if positive) such that the net asset value of the Company as of May 31, 2023 on a pro forma basis after giving effect to the net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period May 1, 2023 through May 31, 2023 and the payment of this distribution is $15.00 per share June 16, 2023 August 23, 2023 In an amount (if positive) such that the net asset value of the Company as of June 30, 2023 on a pro forma basis after giving effect to the net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period June 1, 2023 through June 30, 2023 and the payment of this distribution is $15.00 per share July 28, 2023 September 20, 2023 In an amount (if positive) such that the net asset value of the Company as of July 31, 2023 on a pro forma basis after giving effect to the net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period July 1, 2023 through July 31, 2023 and the payment of this distribution is $15.00 per share

Significant Accounting Polici_2

Significant Accounting Policies and Recent Accounting Updates (Policies)	6 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation: The Company is an investment company as defined in the accounting and reporting guidance under Accounting Standards Codification (“ASC”) Topic 946 - Financial Services - Investment Companies (“ASC Topic 946”). The accompanying unaudited interim consolidated financial statements of the Company and related financial information have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) as established by the Financial Accounting Standards Board (“FASB”) for the interim financial information and pursuant to the requirements for reporting on Form 10-Q and Articles 6, 10 and 12 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, the consolidated financial statements reflect all adjustments and reclassifications consisting solely of normal accruals that are necessary for the fair presentation of financial results as of and for the periods presented. All intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation. The unaudited interim consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes thereto in the Company’s Form 10-K for the period ended September 30, 2022, as filed with the U.S. Securities and Exchange Commission (the “SEC”).
Fair value of financial instruments	Fair value of financial instruments: The Company applies fair value to all of its financial instruments in accordance with ASC Topic 820 - Fair Value Measurement (“ASC Topic 820”) . ASC Topic 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements. In accordance with ASC Topic 820, the Company has categorized its financial instruments carried at fair value, based on the priority of the valuation technique, into a three-level fair value hierarchy. Fair value is a market-based measure considered from the perspective of the market participant who holds the financial instrument rather than an entity-specific measure. Therefore, when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that management believes market participants would use in pricing the financial instrument at the measurement date.
Use of estimates	Use of estimates: The preparation of the unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Consolidation	Consolidation: As provided under ASC Topic 946 and Regulation S-X, the Company will generally not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company c onsolidated the results of the Company’s wholly-owned subsidiaries, Golub Capital Direct Lending Unlevered Holdings LLC and Golub Capital Direct Lending Unlevered Holdings Coinvest, Inc., i
Cash and foreign currencies	Cash and foreign currencies: Cash and foreign currencies are highly liquid investments with an original maturity of three months or less at the date of acquisition. The Company deposits its cash in financial institutions and, at times, such balances exceed the Federal Deposit Insurance Corporation insurance limits.
Foreign currency translation	Foreign currency translation: The Company’s books and records are maintained in U.S. dollars. Any foreign currency amounts are translated into U.S. dollars. Non-U.S. dollar transactions during the year are valued at the prevailing spot rates on the applicable transaction date and the related assets and liabilities are revalued at the prevailing spot rates as of period-end. Net assets and fair values are presented based on the applicable foreign exchange rates and fluctuations arising from the translation of assets and liabilities are included with the net change in unrealized appreciation (depreciation) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. Foreign security and currency transactions involve certain considerations and risks not typically associated with investing in U.S. companies. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities.
Forward currency contracts	Forward currency contracts: A forward currency contract is an obligation between two parties to purchase or sell a specific currency for an agreed-upon price at a future date. The Company utilized forward currency contracts to economically hedge the currency exposure associated with certain foreign-denominated investments. The use of forward currency contracts does not eliminate fluctuations in the price of the underlying securities the Company owns or intends to acquire but establishes a rate of exchange in advance. Fluctuations in the value of these contracts are measured by the difference in the exchange rates on the contract date and reporting date and are recorded as unrealized appreciation (depreciation) until the contracts are closed. When the contracts are closed, realized gains (losses) are recorded. Realized gains (losses) and unrealized appreciation (depreciation) on the contracts are included in the Consolidated Statements of Operations. Unrealized appreciation (depreciation) on forward currency contracts is recorded on the Consolidated Statements of Financial Condition by counterparty on a net basis, not taking into account collateral posted which is recorded separately, if applicable.
Revenue recognition	Revenue recognition: Investments and related investment income: Interest income is accrued based upon the outstanding principal amount and contractual interest terms of debt investments.
Investment transactions	Investment transactions are accounted for on a trade-date basis. Realized gains or losses on investments are measured by the difference between the net proceeds from the disposition and the amortized cost basis of investment, without regard to unrealized gains or losses previously recognized. The Company reports current period changes in fair value of investments that are measured at fair value as a component of the net change in unrealized appreciation (depreciation) on investment transactions in the Consolidated Statements of Operations.
Non-accrual loans	Non-accrual loans: A loan can be left on accrual status during the period the Company is pursuing repayment of the loan. Management reviews all loans that become 90 days or more past due on principal and interest, or when there is reasonable doubt that principal or interest will be collected, for possible placement on non-accrual status. When a loan is placed on non-accrual status, unpaid interest credited to income is reversed. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans are recognized as income or applied to principal depending upon management’s judgment. Non-accrual loans are restored to accrual status when past due principal and interest is paid, and, in management’s judgment, payments are likely to remain current.
Income taxes	Income taxes: The Company intends to elect to be treated as a RIC under Subchapter M of the Code and operates in a manner so as to qualify for the tax treatment applicable to RICs. In order to qualify and be subject to tax as a RIC, among other things, the Company is required to meet certain source of income and asset diversification requirements and timely distribute dividends for U.S. federal income tax purposes to its stockholders of an amount generally at least equal to 90% of its investment company taxable income, as defined by the Code and determined without regard to any deduction for dividends paid, for each tax year. The Company has made, and intends to continue to make, the requisite distributions to its stockholders, which will generally relieve the Company from U.S. federal income taxes with respect to all income distributed to its stockholders. The Company accounts for income taxes in conformity with ASC Topic 740 - Income Taxes
Dividends and distributions	Dividends and distributions: Dividends and distributions to common stockholders are recorded on the record date. Subject to the discretion of and as determined by the Board, the Company intends to authorize and declare ordinary cash distributions based on a formula approved by the Board on a quarterly basis. The amount to be paid out as a dividend or distribution is determined by the Board each quarter and is generally based upon the earnings estimated by management. Net realized capital gains, if any, are distributed at least annually, although the Company can retain such capital gains for investment in its discretion. The Company has adopted a dividend reinvestment plan (“DRIP”) that provides for reinvestment of any distributions the Company declares in cash on behalf of its stockholders, unless a stockholder elects to receive cash. As a result, if the Board authorizes and the Company declares a cash distribution, then stockholders who have not “opted out” of the DRIP will have their cash distribution automatically reinvested in additional shares of the
Deferred offering costs	Deferred offering costs: Deferred offering costs consist of fees paid in relation to legal, accounting, regulatory and printing work completed in preparation of equity offerings. Deferred offering costs are amortized on a straight-line basis over three years.
Fair Value Measurement	The Company follows ASC Topic 820 for measuring fair value. Fair value is the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation models involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the assets or liabilities or market and the assets’ or liabilities’ complexity. The Company’s fair value analysis includes an analysis of the value of any unfunded loan commitments. Assets and liabilities are categorized for disclosure purposes based upon the level of judgment associated with the inputs used to measure their value. The valuation hierarchical levels are based upon the transparency of the inputs to the valuation of the asset or liability as of the measurement date. The three levels are defined as follows: Level 1: Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2: Inputs include quoted prices for similar assets or liabilities in active markets and inputs that are observable for the assets or liabilities, either directly or indirectly, for substantially the full term of the assets or liabilities. Level 3: Inputs include significant unobservable inputs for the assets or liabilities and include situations where there is little, if any, market activity for the assets or liabilities. The inputs into the determination of fair value are based upon the best information available and require significant management judgment or estimation. In certain cases, the inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, an asset’s or a liability’s categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The Company assesses the levels of assets and liabilities at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfers. There were no transfers among Level 1, 2 and 3 of the fair value hierarchy for assets and liabilities during the three and six months ended March 31, 2023. The following section describes the valuation techniques used by the Company to measure different assets and liabilities at fair value and includes the level within the fair value hierarchy in which the assets and liabilities are categorized. Investments Level 1 investments are valued using quoted market prices. Level 2 investments are valued using market consensus prices that are corroborated by observable market data and quoted market prices for similar assets and liabilities. Level 3 investments are valued at fair value as determined in good faith by the Board, based on input of management, the audit committee and independent valuation firms that have been engaged at the direction of the Board to assist in the valuation of each portfolio investment without a readily available market quotation at least once during a trailing twelve-month period under a valuation policy and a consistently applied valuation process. This valuation process is conducted at the end of each fiscal quarter, with approximately 25% (based on the number of portfolio companies) of the Company’s valuations of debt and equity investments without readily available market quotations subject to review by an independent valuation firm and each portfolio company subject to review at least once during a trailing twelve-month period. Investments originated during the period from April 1, 2022 (commencement of operations) to June 30, 2022 were not subject to review by an independent valuation firm. All investments as of both March 31, 2023 and September 30, 2022 were valued using Level 3 inputs, with the exception of forward currency contracts (Level 2 investments). When determining fair value of Level 3 debt and equity investments, the Company takes into account the following factors, where relevant: the enterprise value of a portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons to publicly traded securities, and changes in the interest rate environment and the credit markets generally that affect the price at which similar investments are made and other relevant factors. The primary method for determining enterprise value uses a multiple analysis whereby appropriate multiples are applied to the portfolio company’s net income before net interest expense, income tax expense, depreciation and amortization (“EBITDA”). A portfolio company’s EBITDA can include pro-forma adjustments for items such as acquisitions, divestitures, or expense reductions. The enterprise value analysis is performed to determine the value of equity investments and to determine if debt investments are credit impaired. If debt investments are credit impaired, the Company will use the enterprise value analysis or a liquidation basis analysis to determine fair value. For debt investments that are not determined to be credit impaired, the Company uses a market interest rate yield analysis to determine fair value. In addition, for certain debt investments, the Company bases its valuation on indicative bid and ask prices provided by an independent third-party pricing service. Bid prices reflect the highest price that the Company and others may be willing to pay. Ask prices represent the lowest price that the Company and others may be willing to accept. The Company generally uses the midpoint of the bid/ask range as its best estimate of fair value of such investment. Due to the inherent uncertainty of determining the fair value of Level 3 investments that do not have a readily available market value, the fair value of the investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that are ultimately received or settled. Further, such investments are generally subject to legal and other restrictions or otherwise are less liquid than publicly traded instruments. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, the Company could realize significantly less than the value at which such investment had previously been recorded.

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Stockholders Equity	As of March 31, 2023 and September 30, 2022, the Company had the following subscriptions, pursuant to the Subscription Agreements, and contributions from its stockholders: As of March 31, 2023 As of September 30, 2022 Subscriptions Contributions Subscriptions Contributions GDLCU Stockholders $ 358,715,500 $ 93,659,063 $ 348,715,500 $ 68,548,978 The following table summarizes the shares of GDLCU common stock issued for the six months ended March 31, 2023: Date Shares Issued NAV ($) per share Proceeds Shares issued for the six months ended March 31, 2023 Issuance of shares 11/14/22 717,431.000 $ 15.00 $ 10,761,465 Issuance of shares 02/07/23 956,574.667 15.00 14,348,620 Shares issued for capital drawdowns 1,674,005.667 $ 25,110,085 Issuance of shares 11/23/22 1,664.799 $ 15.00 $ 24,972 Issuance of shares 12/29/22 4,782.751 15.00 71,742 Issuance of shares 03/01/23 2,895.367 15.00 43,430 Issuance of shares 03/22/23 3,478.115 15.00 52,172 Shares issued through DRIP 12,821.032 $ 192,316

Investments (Tables)

Investments (Tables)	6 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Fair Value, Assets Measured on Recurring Basis	Investments as of March 31, 2023 and September 30, 2022 consisted of the following: As of March 31, 2023 As of September 30, 2022 Principal Amortized Fair Principal Amortized Fair Senior secured $ 678,301 $ 671,384 $ 672,620 $ 573,072 $ 567,404 $ 560,771 One stop 83,710,061 82,080,359 82,248,234 53,433,895 52,692,591 52,400,764 Subordinated debt 50,000 48,594 50,000 — — — Equity N/A 1,874,248 1,974,136 N/A 1,008,367 1,028,135 Total $ 84,438,362 $ 84,674,585 $ 84,944,990 $ 54,006,967 $ 54,268,362 $ 53,989,670
Schedules of Portfolio Composition at Amortization Cost and Fair Value	The following tables show the portfolio composition by geographic region at amortized cost and fair value as a percentage of total investments in portfolio companies. The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company’s business. As of March 31, 2023 As of September 30, 2022 Amortized Cost: United States Mid-Atlantic $ 11,854,083 14.0 % $ 7,080,362 13.0 % Midwest 9,653,204 11.4 7,435,161 13.7 Northeast 20,049,152 23.7 12,164,952 22.4 Southeast 12,894,123 15.2 6,342,481 11.7 Southwest 4,925,236 5.8 4,297,622 7.9 West 20,972,578 24.8 13,018,439 24.0 United Kingdom 1,669,175 2.0 1,338,700 2.5 Luxembourg 802,177 1.0 778,554 1.4 Sweden 1,276,512 1.5 1,235,297 2.3 Israel 31,432 0.0 * 31,432 0.1 Denmark 546,913 0.6 545,362 1.0 Total $ 84,674,585 100.0 % $ 54,268,362 100.0 % Fair Value: United States Mid-Atlantic $ 11,876,802 14.0 % $ 7,127,929 13.2 % Midwest 9,669,415 11.4 7,430,867 13.8 Northeast 19,981,209 23.5 12,054,680 22.3 Southeast 12,960,260 15.3 6,342,591 11.8 Southwest 4,921,134 5.8 4,329,390 8.0 West 21,106,108 24.8 12,907,169 23.9 United Kingdom 1,692,270 2.0 1,245,492 2.3 Luxembourg 788,267 0.9 776,407 1.4 Sweden 1,356,788 1.6 1,199,264 2.2 Israel 32,717 0.0 * 31,430 0.1 Denmark 560,020 0.7 544,451 1.0 Total $ 84,944,990 100.0 % $ 53,989,670 100.0 % * Represents an amount less than 0.1% The industry compositions of the portfolio at amortized cost and fair value as of March 31, 2023 and September 30, 2022 were as follows: As of March 31, 2023 As of September 30, 2022 Amortized Cost: Aerospace and Defense $ 5,405,807 6.4 % $ — — % Automobiles 4,230,697 5.0 3,112,370 5.7 Diversified Consumer Services 6,759,773 8.0 3,606,847 6.7 Diversified Financial Services 750,312 0.9 — — Electronic Equipment, Instruments and Components 1,549,026 1.8 — — Health Care Technology 1,540,395 1.8 518,627 1.0 Healthcare Equipment and Supplies 1,309,973 1.6 1,295,367 2.4 Healthcare Providers and Services 143,302 0.2 143,841 0.3 Hotels, Restaurants and Leisure 2,046,187 2.4 595,150 1.1 Household Durables 420,512 0.5 — — Industrial Conglomerates 1,094,958 1.3 1,047,989 1.9 Insurance 4,101,709 4.8 3,800,618 7.0 IT Services 5,434,614 6.4 4,800,501 8.8 Life Sciences Tools & Services 4,332,022 5.1 — — Pharmaceuticals 802,177 0.9 778,554 1.4 Professional Services 890,305 1.1 284,781 0.5 Software 37,035,533 43.7 28,379,618 52.3 Specialty Retail 6,827,283 8.1 5,904,099 10.9 Total $ 84,674,585 100.0 % $ 54,268,362 100.0 % As of March 31, 2023 As of September 30, 2022 Fair Value: Aerospace and Defense $ 5,457,149 6.4 % $ — — % Automobiles 4,112,758 4.8 3,110,619 5.8 Diversified Consumer Services 6,840,507 8.1 3,619,523 6.7 Diversified Financial Services 752,962 0.9 — — Electronic Equipment, Instruments and Components 1,562,036 1.8 — — Health Care Technology 1,524,104 1.8 513,252 1.0 Healthcare Equipment and Supplies 1,322,211 1.6 1,295,098 2.4 Healthcare Providers and Services 140,140 0.2 143,536 0.3 Hotels, Restaurants and Leisure 2,079,119 2.5 588,369 1.1 Household Durables 420,406 0.5 — — Industrial Conglomerates 1,113,272 1.3 1,050,133 2.0 Insurance 4,092,266 4.8 3,797,726 7.0 IT Services 5,486,945 6.5 4,777,414 8.8 Life Sciences Tools & Services 4,479,493 5.3 — — Pharmaceuticals 788,267 0.9 776,407 1.4 Professional Services 886,512 1.0 287,247 0.5 Software 37,057,706 43.6 28,127,900 52.1 Specialty Retail 6,829,137 8.0 5,902,446 10.9 Total $ 84,944,990 100.0 % $ 53,989,670 100.0 %

Forward Currency Contracts (Tab

Forward Currency Contracts (Tables)	6 Months Ended
	Mar. 31, 2023
Foreign Currency [Abstract]
Open Forward Foreign Currency Contract	The outstanding forward currency contracts as of March 31, 2023 were as follows: As of March 31, 2023 Counterparty Currency to be sold Currency to be purchased Settlement Date Unrealized appreciation ($) Unrealized depreciation ($) Macquarie Bank Limited £ 1,125,000 GBP $ 1,246,950 USD 10/13/2023 $ — $ (140,803) Macquarie Bank Limited € 1,150,000 EUR $ 1,148,218 USD 10/13/2023 — (109,538) $ — $ (250,341)
Schedule of Forward Currency Contract, Fair Value	The following table is intended to provide additional information about the effect of the forward currency contracts on the financial statements of the Company including: the fair value of derivatives by risk category, the location of those fair values on the Consolidated Statements of Financial Condition, and the Company’s gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Company as of March 31, 2023. As of March 31, 2023 Counterparty Risk exposure category Unrealized appreciation on forward currency contracts Unrealized depreciation on forward currency contracts Net amounts presented in the Consolidated Statements of Financial Condition Collateral (Received) Pledged (1) Net Amount (2) Macquarie Bank Limited Foreign exchange $ — $ (250,341) $ (250,341) $ 250,341 $ — (1) The actual collateral pledged may be more than the amount shown due to over collateralization.
Schedule of Realized and Unrealized Gain (Loss) on Forward Currency Contract	The impact of derivative transactions for the three and six months ended March 31, 2023 on the Consolidated Statements of Operations, including realized and unrealized gains (losses) is summarized in the table below: Realized gain (loss) on forward currency contracts recognized in income Risk exposure category Three months ended Six months ended Foreign exchange $ — $ — Change in unrealized appreciation (depreciation) on forward currency contracts recognized in income Risk exposure category Three months ended Six months ended Foreign exchange $ (38,187) $ (250,341)
Summary of Average Outstanding Daily Volume for Forward Currency Contract	The following table is a summary of the average outstanding daily volume for forward currency contracts for three and six months ended March 31, 2023: Average U.S. Dollar notional outstanding Three months ended Six months ended Forward currency contracts $ 2,395,168 $ 2,263,565

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present fair value measurements of the Company’s investments and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of March 31, 2023 and September 30, 2022: As of March 31, 2023 Fair Value Measurements Using Description Level 1 Level 2 Level 3 Total Assets, at fair value: Debt investments (1) $ — $ — $ 82,970,854 $ 82,970,854 Equity investments (1) — — 1,974,136 1,974,136 Total assets, at fair value: $ — $ — $ 84,944,990 $ 84,944,990 Liabilities, at fair value: Forward currency contracts $ — $ (250,341) $ — $ (250,341) Total liabilities, at fair value: $ — $ (250,341) $ — $ (250,341) As of September 30, 2022 Fair Value Measurements Using Description Level 1 Level 2 Level 3 Total Assets, at fair value: Debt investments (1) $ — $ — $ 52,961,535 $ 52,961,535 Equity investments (1) — — 1,028,135 1,028,135 Total assets, at fair value: $ — $ — $ 53,989,670 $ 53,989,670 (1) Refer to the Consolidated Schedules of Investments for further details.
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents the changes in investments measured at fair value using Level 3 inputs the six months ended March 31, 2023: For the six months ended March 31, 2023 Debt Equity Total Fair value, beginning of period $ 52,961,535 $ 1,028,135 $ 53,989,670 Net change in unrealized appreciation (depreciation) on investments 211,354 80,120 291,474 Net translation of investments in foreign currencies 257,623 — 257,623 Fundings of (proceeds from) revolving loans, net 26,545 — 26,545 Fundings of investments 30,638,643 864,156 31,502,799 PIK interest and non-cash dividends 221,941 21,730 243,671 Proceeds from principal payments and sales of portfolio investments (1,465,062) (20,005) (1,485,067) Accretion of discounts and amortization of premiums 118,275 — 118,275 Fair value, end of period $ 82,970,854 $ 1,974,136 $ 84,944,990
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of March 31, 2023 and September 30, 2022: Quantitative information about Level 3 Fair Value Measurements Fair Value as of March 31, 2023 Valuation Techniques Unobservable Input Range (Weighted Average) (1) Assets, at fair value: Senior secured loans $ 672,620 Market rate approach Market interest rate 9.0% - 10.0% (9.6%) Market comparable companies EBITDA multiples 9.0x - 26.0x (16.8x) One stop loans (2) $ 82,248,234 Market rate approach Market interest rate 7.0% - 14.5% (10.2%) Market comparable companies EBITDA multiples 7.0x - 33.0x (17.7x) Market comparable companies Revenue multiples 6.0x - 17.0x (12.0x) Subordinated debt and second lien loans $ 50,000 Market rate approach Market interest rate 13.5% Market comparable companies EBITDA multiples 9.5x Equity (3) $ 1,974,136 Market comparable companies EBITDA multiples 12.0x - 24.0x (19.1x) Revenue multiples 6.0x - 17.0x (14.1x) (1) Unobservable inputs were weighted by the relative fair value of the instruments. (2) The Company valued $52,746,368 and $29,501,866 of one stop loans using EBITDA and revenue multiples, respectively. All one stop loans were also valued using the market rate approach. (3) The Company valued $1,311,525 and $662,611 of equity investments using EBITDA and revenue multiples, respectively. Quantitative information about Level 3 Fair Value Measurements Fair Value as of September 30, 2022 Valuation Techniques Unobservable Input Range (Weighted Average) (1) Assets, at fair value: Senior secured loans $ 560,771 Market rate approach Market interest rate 8.8% - 9.5% (9.4%) Market comparable companies EBITDA multiples 10.3x - 26.2x (18.9x) One stop loans (2) $ 52,400,764 Market rate approach Market interest rate 8.0% - 13.5% (9.4%) Market comparable companies EBITDA multiples 7.0x - 32.9x (18.6x) Market comparable companies Revenue multiples 7.8x - 16.7x (14.0x) Equity (3) $ 1,028,135 Market comparable companies EBITDA multiples 12.6x - 25.9x (22.8x) Revenue multiples 7.8x - 16.7x (15.9x) (1) Unobservable inputs were weighted by the relative fair value of the instruments. (2) The Company valued $32,469,726 and $19,931,038 of one stop loans using EBITDA and revenue multiples, respectively. All one stop loans were also valued using the market rate approach. (3) The Company valued $578,141 and $449,994 of equity investments using EBITDA and revenue multiples, respectively.

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Mar. 31, 2023
Investment Company [Abstract]
Schedule of Investment Company, Financial Highlights	The financial highlights for the Company are as follows: Per share data: (1) Six Months Ended Net asset value at beginning of period $ 15.00 Distributions declared: (2) From net investment income (0.70) Net investment income 0.67 Net change in unrealized appreciation (depreciation) on investment transactions (3) 0.03 Net asset value at end of period $ 15.00 Total return based on net asset value per share (4) 4.76 % Number of common shares outstanding 6,258,653.053 Listed below are supplemental data and ratios to the financial highlights: Six Months Ended Ratio of net investment income to average net assets * 8.97 % Ratio of total expenses to average net assets *(5) 2.51 % Ratio of management fee waiver to average net assets * (0.90) % Ratio of incentive fee waiver to average net assets (0.40) % Ratio of operating expense waiver to average net assets (0.24) % Ratio of incentive fees to average net assets (5) 0.45 % Ratio of excise tax to average net assets (5) 0.05 % Ratio of net expenses to average net assets *(5) 0.97 % Ratio of total expenses (without incentive fees) to average net assets *(5) 1.11 % Total return based on average net asset value (6) 4.85 % Total return based on average net asset value - annualized (6) 9.74 % Net assets at end of period $ 93,879,796 Average debt outstanding $ — Average debt outstanding per share $ — Portfolio Turnover * 4.15 % Asset coverage ratio (7) N/A Asset coverage ratio per unit (8) N/A Average market value per unit (9) : Adviser Revolver N/A * Annualized for a period less than one year, unless otherwise noted. (1) Based on actual number of shares outstanding at the end of the corresponding period or the weighted average shares outstanding for the period, unless otherwise noted, as appropriate. (2) The per share data for distributions reflect the amount of distributions paid or payable with a record date during the applicable period. (3) Includes the impact of different share amounts 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 the shares outstanding at the end of the period and as of the dividend record date. (4) Total return based on net asset value per share assumes distributions are reinvested in accordance with the DRIP. Total return does not include sales load. (5) Incentive fees and excise taxes are not annualized in the calculation. (6) Total return based on average net asset value is calculated as (a) the net increase (decrease) in net assets resulting from operations divided by (b) the daily average of total net assets. Total return does not include sales load. (7) In accordance with the 1940 Act, with certain limited exceptions, the Company is currently allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 200% after such borrowing. The ratio is not applicable as there was no debt outstanding as of March 31, 2023. (8) Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. The ratio is not applicable as there was no debt outstanding as of March 31, 2023. (9) Not applicable as the Adviser Revolver is not registered for public trading.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following information sets forth the computation of the net increase (decrease) in net assets per share resulting from operations for the three and six months ended March 31, 2023: Three months ended Six months ended Earnings available to stockholders $ 2,381,530 $ 3,919,152 Basic and diluted weighted average shares outstanding 5,860,405 5,398,684 Basic and diluted earnings per share $ 0.41 $ 0.72

Dividends and Distributions (Ta

Dividends and Distributions (Tables)	6 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Dividends Declarations and Distributions	The following table summarizes the Company’s dividend declarations and distributions with a record date during the six months ended March 31, 2023: Date Declared Record Date Payment Date Shares Outstanding Amount Per Share Total Dividends Declared For the six months ended March 31, 2023 08/05/2022 10/18/2022 12/29/2022 4,571,826.354 $ 0.0980 $ 447,823 11/18/2022 11/21/2022 12/29/2022 5,289,257.354 0.0964 509,660 11/18/2022 12/15/2022 03/01/2023 5,290,922.153 0.1096 580,139 11/18/2022 01/17/2023 03/22/2023 5,295,704.904 0.1301 689,210 02/07/2023 02/24/2023 05/24/2023 6,252,279.571 0.1148 717,968 02/07/2023 03/17/2023 05/24/2023 6,255,174.938 0.1558 974,352 Total dividends declared for the six months ended March 31, 2023 $ 3,919,152
Schedule of Summarized Dividend Reinvestment Plan Information	The following table summarizes the Company’s distributions reinvested during the six months ended March 31, 2023: Payment Date DRIP Shares Issued NAV ($) per share DRIP Shares Value (1) For the six months ended March 31, 2023 November 23, 2022 1,664.799 $ 15.00 $ 24,972 December 29, 2022 4,782.751 15.00 71,742 March 1, 2023 2,895.367 15.00 43,430 March 22, 2023 3,478.115 15.00 52,172 12,821.032 $ 192,316

Subsequent Events (Tables)

Subsequent Events (Tables)	6 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Schedule of Declared Distributions to Holders	On February 7, 2023 and May 5, 2023, the Com pany’s board of directors declared distributions to holders of record as set forth in the table below: Record Date Payment Date Amount Per Share April 28, 2023 June 22, 2023 In an amount (if positive) such that the net asset value of the Company as of April 30, 2023 on a pro forma basis after giving effect to the net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period April 1, 2023 through April 30, 2023 and the payment of this distribution is $15.00 per share May 26, 2023 August 23, 2023 In an amount (if positive) such that the net asset value of the Company as of May 31, 2023 on a pro forma basis after giving effect to the net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period May 1, 2023 through May 31, 2023 and the payment of this distribution is $15.00 per share June 16, 2023 August 23, 2023 In an amount (if positive) such that the net asset value of the Company as of June 30, 2023 on a pro forma basis after giving effect to the net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period June 1, 2023 through June 30, 2023 and the payment of this distribution is $15.00 per share July 28, 2023 September 20, 2023 In an amount (if positive) such that the net asset value of the Company as of July 31, 2023 on a pro forma basis after giving effect to the net increase in net assets resulting from operations earned by the Company (if positive) as determined in accordance with GAAP for the period July 1, 2023 through July 31, 2023 and the payment of this distribution is $15.00 per share

Significant Accounting Polici_3

Significant Accounting Policies and Recent Accounting Updates - Narrative (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest income, operating, accretion of discounts and amortization of premiums	$ 57,408	$ 118,275
Amortization of deferred loan origination fees, net	264,178	746,613
Payment-in-kind interest income	159,512	229,505
Payment-in-kind interest capitalized	164,663	221,941
Premium prepayment fees	0	0
Interest and fee income	1,994,561	3,450,144
Capitalized PIK and non-cash dividends	11,518	21,730
Dividend income	11,518	21,730
Excise tax expense (reduction), net	9,783	39,783
Amortization of deferred offering costs	28,449	47,433
Non-Senior Loan Fund
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Dividend income	0	0
Return of capital	$ 0	$ 0

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)	Mar. 31, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares
Equity [Abstract]
Preferred stock, shares authorized (in shares) | shares	1,000,000	1,000,000
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.001	$ 0.001
Common stock, shares authorized (in shares) | shares	200,000,000	200,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.001	$ 0.001
Minimum notice period	10 days
Total contributed capital to total capital subscription, ratio	0.261	0.197
Uncalled capital commitment, amount | $	$ 265,056,437	$ 280,166,522

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Subscription and Contribution (Details) - USD ($)	Mar. 31, 2023	Sep. 30, 2022
Equity [Abstract]
Subscriptions	$ 358,715,500	$ 348,715,500
Contributions	$ 93,659,063	$ 68,548,978

Stockholders_ Equity - Schedule

Stockholders’ Equity - Schedule of Shares Issued by Date (Details) - USD ($)							3 Months Ended	6 Months Ended
	Mar. 22, 2023	Mar. 01, 2023	Feb. 07, 2023	Dec. 29, 2022	Nov. 23, 2022	Nov. 14, 2022	Mar. 31, 2023	Mar. 31, 2023	Sep. 30, 2022
Equity [Abstract]
Issuance of common stock (in shares)			956,574.667			717,431		1,674,005.667
Net asset value per common share (in dollars per share)	$ 15	$ 15	$ 15	$ 15	$ 15	$ 15	$ 15	$ 15	$ 15
Issuance of common stock			$ 14,348,620			$ 10,761,465	$ 14,348,620	$ 25,110,085
Stock issued in connection with dividend reinvestment plan (in shares)	3,478.115	2,895.367		4,782.751	1,664.799			12,821.032
Stock issued in connection with dividend reinvestment plan	$ 52,172	$ 43,430		$ 71,742	$ 24,972		$ 95,602	$ 192,316

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)		3 Months Ended	6 Months Ended	12 Months Ended			19 Months Ended
	Apr. 01, 2022	Mar. 31, 2023	Mar. 31, 2023	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Investment company, management and service fees, base rate waiver, percentage of base management fee payable			0.90%
Base management fee		$ 194,600	$ 363,228
Base management fee waived		194,600	363,228
Incentive fee		196,185	365,908
Incentive fee waived		149,270	318,993
Administrative service fee		23,517	39,586
Investment company, voluntary fee waived		0	194,972
Subscriptions		$ 358,715,500	$ 358,715,500			$ 358,715,500	$ 358,715,500	$ 348,715,500
Common stock, shares issued (in shares)		6,258,653.053	6,258,653.053			6,258,653.053	6,258,653.053	4,571,826.354
Contributions		$ 93,659,063	$ 93,659,063			$ 93,659,063	$ 93,659,063	$ 68,548,978
Affiliated Entity | Revolving Credit Facility
Related Party Transaction [Line Items]
Line of credit facility, maximum borrowing capacity		40,000,000	40,000,000			40,000,000	40,000,000
Affiliated Entity | GGP Class B-P, LLC
Related Party Transaction [Line Items]
Subscriptions		$ 25,010,500	$ 25,010,500			$ 25,010,500	$ 25,010,500
Common stock, shares issued (in shares)		459,225.867	459,225.867			459,225.867	459,225.867
Contributions		$ 6,888,388	$ 6,888,388			$ 6,888,388	$ 6,888,388
Common stock, shares, issued, dividend reinvestment plan (in shares)		14,715.519	14,715.519			14,715.519	14,715.519
Affiliated Entity | GGP Class B-P, LLC | Common Stock | GGP Holdings LP
Related Party Transaction [Line Items]
Related party transaction, share transferred (in shares)	700
Investment Advisory Agreement | Affiliated Entity
Related Party Transaction [Line Items]
Management and service fees, base rate			1%
Investment company, management and service fees, base rate waiver, percentage of base management fee payable						100%
Base management fee		$ 194,600	$ 363,228
Base management fee waived		194,600	$ 363,228
Management and service fees, incentive rate cap, percentage of cumulative pre-incentive fee net income			10%
Investment Advisory Agreement | Affiliated Entity | Forecast
Related Party Transaction [Line Items]
Investment company, management and service fees, base rate waiver, percentage of base management fee payable				33.30%	66.70%
Investment Advisory Agreement | Investment, Administrator
Related Party Transaction [Line Items]
Investment company, excess expense reimbursable		0	$ 0
Investment Management Agreement - Incentive Rate, Quarterly Hurdle Rate | Affiliated Entity
Related Party Transaction [Line Items]
Management and service fees, incentive rate			1%
Investment Management Agreement - Incentive Rate, Pre-Incentive Fee Net Investment Income Below Catch-Up | Affiliated Entity
Related Party Transaction [Line Items]
Management and service fees, incentive rate			100%
Investment Advisory Agreement, Cumulative Pre-Incentive Fee Net Investment Income | Affiliated Entity
Related Party Transaction [Line Items]
Management and service fees, incentive rate			10%
Investment Advisory Agreement, Income Incentive Fee | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee		196,185	$ 365,908
Incentive fee waived		149,270	$ 318,993
Investment Advisory Agreement, Capital Gain Incentive Fee Base | Affiliated Entity
Related Party Transaction [Line Items]
Management and service fees, incentive rate			10%
Investment Advisory Agreement, Subordinated Liquidation Incentive Fee Base | Affiliated Entity
Related Party Transaction [Line Items]
Management and service fees, incentive rate			10%
Investment, Adviser | Affiliated Entity
Related Party Transaction [Line Items]
Organization costs and professional fees							$ 56,183
Investment company, excess expense reimbursable			$ 700,000
Formation And Initial Closing Cost Paid | Affiliated Entity
Related Party Transaction [Line Items]
Investment company, excess expense reimbursable			301,431
Investment Advisory Agreement And Administration Agreement, Operating Expenses Reimbursement Waiver | Affiliated Entity
Related Party Transaction [Line Items]
Investment company, voluntary fee waiver, threshold expense reimbursements waived			1,000,000
Investment company, voluntary fee waived		0	194,972
Due to affiliate		1,000,000	1,000,000			$ 1,000,000	1,000,000
Expenses Paid | Investment, Administrator
Related Party Transaction [Line Items]
Due to affiliate		$ 320,912	$ 320,912			$ 320,912	$ 320,912	$ 0
Conversion to Maryland Corporation, Acquisition of Stock | Affiliated Entity | GGP Holdings LP
Related Party Transaction [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	700
Subscriptions	$ 10,500
Subscription Agreement | Affiliated Entity | GGP Class B-P, LLC. GGP Class B-P, LLC
Related Party Transaction [Line Items]
Subscriptions	$ 25,000,000

Investments - Schedule of Fair

Investments - Schedule of Fair Value, Assets Measured on Recurring Basis (Details) - USD ($)	Mar. 31, 2023		Sep. 30, 2022
Schedule of Investments [Line Items]
Principal	$ 84,438,362		$ 54,006,967
Amortized Cost	84,674,585		54,268,362
Fair Value	84,944,990	[1]	53,989,670	[2]
Senior secured loans
Schedule of Investments [Line Items]
Principal	678,301		573,072
Amortized Cost	671,384		567,404
Fair Value	672,620		560,771
One stop
Schedule of Investments [Line Items]
Principal	83,710,061		53,433,895
Amortized Cost	82,080,359		52,692,591
Fair Value	82,248,234		52,400,764
Subordinated debt
Schedule of Investments [Line Items]
Principal	50,000		0
Amortized Cost	48,594		0
Fair Value	50,000		0
Equity
Schedule of Investments [Line Items]
Amortized Cost	1,874,248	[3],[4]	1,008,367	[5],[6]
Fair Value	$ 1,974,136	[1],[3],[4]	$ 1,028,135	[2],[5],[6]
[1]The fair values of investments were valued using significant unobservable inputs, unless otherwise noted. See Note 6. Fair Value Measurements.[2]The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements.[3]Equity investments are non-income producing securities, unless otherwise noted.[4]Ownership of certain equity investments occurs through a holding company or partnership.[5]Equity investments are non-income producing securities.[6]Ownership of certain equity investments occurs through a holding company or partnership.

Investments - Schedules of Port

Investments - Schedules of Portfolio Composition by Geographic Region at Amortization Cost and Fair Value (Details) - USD ($)	6 Months Ended		12 Months Ended
	Mar. 31, 2023		Sep. 30, 2022
Schedule of Investments [Line Items]
Amortized Cost	$ 84,674,585		$ 54,268,362
Fair Value	$ 84,944,990	[1]	$ 53,989,670	[2]
Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	100%		100%
Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	100%		100%
Mid-Atlantic
Schedule of Investments [Line Items]
Amortized Cost	$ 11,854,083		$ 7,080,362
Fair Value	$ 11,876,802		$ 7,127,929
Mid-Atlantic | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	14%		13%
Mid-Atlantic | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	14%		13.20%
Midwest
Schedule of Investments [Line Items]
Amortized Cost	$ 9,653,204		$ 7,435,161
Fair Value	$ 9,669,415		$ 7,430,867
Midwest | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	11.40%		13.70%
Midwest | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	11.40%		13.80%
Northeast
Schedule of Investments [Line Items]
Amortized Cost	$ 20,049,152		$ 12,164,952
Fair Value	$ 19,981,209		$ 12,054,680
Northeast | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	23.70%		22.40%
Northeast | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	23.50%		22.30%
Southeast
Schedule of Investments [Line Items]
Amortized Cost	$ 12,894,123		$ 6,342,481
Fair Value	$ 12,960,260		$ 6,342,591
Southeast | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	15.20%		11.70%
Southeast | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	15.30%		11.80%
Southwest
Schedule of Investments [Line Items]
Amortized Cost	$ 4,925,236		$ 4,297,622
Fair Value	$ 4,921,134		$ 4,329,390
Southwest | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	5.80%		7.90%
Southwest | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	5.80%		8%
West
Schedule of Investments [Line Items]
Amortized Cost	$ 20,972,578		$ 13,018,439
Fair Value	$ 21,106,108		$ 12,907,169
West | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	24.80%		24%
West | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	24.80%		23.90%
United Kingdom
Schedule of Investments [Line Items]
Amortized Cost	$ 1,669,175		$ 1,338,700
Fair Value	$ 1,692,270		$ 1,245,492
United Kingdom | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	2%		2.50%
United Kingdom | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	2%		2.30%
Luxembourg
Schedule of Investments [Line Items]
Amortized Cost	$ 802,177		$ 778,554
Fair Value	$ 788,267		$ 776,407
Luxembourg | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1%		1.40%
Luxembourg | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.90%		1.40%
Sweden
Schedule of Investments [Line Items]
Amortized Cost	$ 1,276,512		$ 1,235,297
Fair Value	$ 1,356,788		$ 1,199,264
Sweden | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.50%		2.30%
Sweden | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.60%		2.20%
Israel
Schedule of Investments [Line Items]
Amortized Cost	$ 31,432		$ 31,432
Fair Value	$ 32,717		$ 31,430
Israel | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0%		0.10%
Israel | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0%		0.10%
Denmark
Schedule of Investments [Line Items]
Amortized Cost	$ 546,913		$ 545,362
Fair Value	$ 560,020		$ 544,451
Denmark | Investments, at Amortized Cost | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.60%		1%
Denmark | Investments, at Fair Value | Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.70%		1%
[1]The fair values of investments were valued using significant unobservable inputs, unless otherwise noted. See Note 6. Fair Value Measurements.[2]The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements.

Investments - Schedule of Portf

Investments - Schedule of Portfolio Composition by Industry at Amortization Cost and Fair Value (Details) - USD ($)	6 Months Ended		12 Months Ended
	Mar. 31, 2023		Sep. 30, 2022
Schedule of Investments [Line Items]
Amortized Cost	$ 84,674,585		$ 54,268,362
Fair Value	$ 84,944,990	[1]	$ 53,989,670	[2]
Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	100%		100%
Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	100%		100%
Aerospace and Defense
Schedule of Investments [Line Items]
Amortized Cost	$ 5,405,807		$ 0
Fair Value	$ 5,457,149		$ 0
Aerospace and Defense | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	6.40%		0%
Aerospace and Defense | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	6.40%		0%
Automobiles
Schedule of Investments [Line Items]
Amortized Cost	$ 4,230,697		$ 3,112,370
Fair Value	$ 4,112,758		$ 3,110,619
Automobiles | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	5%		5.70%
Automobiles | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	4.80%		5.80%
Diversified Consumer Services
Schedule of Investments [Line Items]
Amortized Cost	$ 6,759,773		$ 3,606,847
Fair Value	$ 6,840,507		$ 3,619,523
Diversified Consumer Services | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	8%		6.70%
Diversified Consumer Services | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	8.10%		6.70%
Diversified Financial Services
Schedule of Investments [Line Items]
Amortized Cost	$ 750,312		$ 0
Fair Value	$ 752,962		$ 0
Diversified Financial Services | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.90%		0%
Diversified Financial Services | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.90%		0%
Electronic Equipment, Instruments and Components
Schedule of Investments [Line Items]
Amortized Cost	$ 1,549,026		$ 0
Fair Value	$ 1,562,036		$ 0
Electronic Equipment, Instruments and Components | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.80%		0%
Electronic Equipment, Instruments and Components | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.80%		0%
Health Care Technology
Schedule of Investments [Line Items]
Amortized Cost	$ 1,540,395		$ 518,627
Fair Value	$ 1,524,104		$ 513,252
Health Care Technology | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.80%		1%
Health Care Technology | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.80%		1%
Healthcare Equipment and Supplies
Schedule of Investments [Line Items]
Amortized Cost	$ 1,309,973		$ 1,295,367
Fair Value	$ 1,322,211		$ 1,295,098
Healthcare Equipment and Supplies | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.60%		2.40%
Healthcare Equipment and Supplies | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.60%		2.40%
Healthcare Providers and Services
Schedule of Investments [Line Items]
Amortized Cost	$ 143,302		$ 143,841
Fair Value	$ 140,140		$ 143,536
Healthcare Providers and Services | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.20%		0.30%
Healthcare Providers and Services | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.20%		0.30%
Hotels, Restaurants and Leisure
Schedule of Investments [Line Items]
Amortized Cost	$ 2,046,187		$ 595,150
Fair Value	$ 2,079,119		$ 588,369
Hotels, Restaurants and Leisure | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	2.40%		1.10%
Hotels, Restaurants and Leisure | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	2.50%		1.10%
Household Durables
Schedule of Investments [Line Items]
Amortized Cost	$ 420,512		$ 0
Fair Value	$ 420,406		$ 0
Household Durables | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.50%		0%
Household Durables | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.50%		0%
Industrial Conglomerates
Schedule of Investments [Line Items]
Amortized Cost	$ 1,094,958		$ 1,047,989
Fair Value	$ 1,113,272		$ 1,050,133
Industrial Conglomerates | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.30%		1.90%
Industrial Conglomerates | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.30%		2%
Insurance
Schedule of Investments [Line Items]
Amortized Cost	$ 4,101,709		$ 3,800,618
Fair Value	$ 4,092,266		$ 3,797,726
Insurance | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	4.80%		7%
Insurance | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	4.80%		7%
IT Services
Schedule of Investments [Line Items]
Amortized Cost	$ 5,434,614		$ 4,800,501
Fair Value	$ 5,486,945		$ 4,777,414
IT Services | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	6.40%		8.80%
IT Services | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	6.50%		8.80%
Life Sciences Tools & Services
Schedule of Investments [Line Items]
Amortized Cost	$ 4,332,022		$ 0
Fair Value	$ 4,479,493		$ 0
Life Sciences Tools & Services | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	5.10%		0%
Life Sciences Tools & Services | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	5.30%		0%
Pharmaceuticals
Schedule of Investments [Line Items]
Amortized Cost	$ 802,177		$ 778,554
Fair Value	$ 788,267		$ 776,407
Pharmaceuticals | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.90%		1.40%
Pharmaceuticals | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	0.90%		1.40%
Professional Services
Schedule of Investments [Line Items]
Amortized Cost	$ 890,305		$ 284,781
Fair Value	$ 886,512		$ 287,247
Professional Services | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1.10%		0.50%
Professional Services | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	1%		0.50%
Software
Schedule of Investments [Line Items]
Amortized Cost	$ 37,035,533		$ 28,379,618
Fair Value	$ 37,057,706		$ 28,127,900
Software | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	43.70%		52.30%
Software | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	43.60%		52.10%
Specialty Retail
Schedule of Investments [Line Items]
Amortized Cost	$ 6,827,283		$ 5,904,099
Fair Value	$ 6,829,137		$ 5,902,446
Specialty Retail | Investments, at Amortized Cost | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	8.10%		10.90%
Specialty Retail | Investments, at Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk, percentage	8%		10.90%
[1]The fair values of investments were valued using significant unobservable inputs, unless otherwise noted. See Note 6. Fair Value Measurements.[2]The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements.

Forward Currency Contracts - Op

Forward Currency Contracts - Open Forward Foreign Currency Contract (Details) - Mar. 31, 2023	GBP (£)	USD ($)	EUR (€)
Open Forward Foreign Currency Contract [Line Items]
Unrealized appreciation ($)		$ 0
Unrealized depreciation ($)		(250,341)
Open Forward Foreign Currency Contract, Identifier [Axis]: Macquarie Bank Limited, Settlement Date 10/13/2023 Contract 1
Open Forward Foreign Currency Contract [Line Items]
Currency to be sold | £	£ 1,125,000
Currency to be purchased		1,246,950
Unrealized appreciation ($)		0
Unrealized depreciation ($)		(140,803)
Open Forward Foreign Currency Contract, Identifier [Axis]: Macquarie Bank Limited, Settlement Date 10/13/2023 Contract 2
Open Forward Foreign Currency Contract [Line Items]
Currency to be sold | €			€ 1,150,000
Currency to be purchased		1,148,218
Unrealized appreciation ($)		0
Unrealized depreciation ($)		$ (109,538)

Forward Currency Contracts - Sc

Forward Currency Contracts - Schedule of Forward Currency Contract, Fair Value (Details) - USD ($)	Mar. 31, 2023	Sep. 30, 2022
Open Forward Foreign Currency Contract [Line Items]
Net amounts presented in the Consolidated Statements of Financial Condition	$ (250,341)	$ 0
Forward currency contracts
Open Forward Foreign Currency Contract [Line Items]
Unrealized appreciation ($)	0
Unrealized depreciation on forward currency contracts	(250,341)
Net amounts presented in the Consolidated Statements of Financial Condition	(250,341)
Collateral (received) pledged	250,341
Net amount	$ 0

Forward Currency Contracts - _2

Forward Currency Contracts - Schedule of Realized and Unrealized Gain (Loss) on Forward Currency Contract (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Open Forward Foreign Currency Contract [Line Items]
Change in unrealized appreciation (depreciation) on forward currency contracts recognized in income	$ (38,187)	$ (250,341)
Forward currency contracts
Open Forward Foreign Currency Contract [Line Items]
Realized gain (loss) on forward currency contracts recognized in income	0	0
Change in unrealized appreciation (depreciation) on forward currency contracts recognized in income	$ (38,187)	$ (250,341)

Forward Currency Contracts - Su

Forward Currency Contracts - Summary of Average Outstanding Daily Volume for Forward Currency Contract (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Forward currency contracts
Open Forward Foreign Currency Contract [Line Items]
Average U.S. Dollar notional outstanding	$ 2,395,168	$ 2,263,565

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Mar. 31, 2023		Sep. 30, 2022
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	$ 84,944,990	[1]	$ 53,989,670	[2]
Total assets, at fair value:	84,944,990		53,989,670
Forward currency contracts	(250,341)
Total liabilities, at fair value:	(250,341)
Debt Investments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	82,970,854	[1]	52,961,535	[2]
Equity Investments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	1,974,136	[1],[3],[4]	1,028,135	[2],[5],[6]
Level 1
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Total assets, at fair value:	0		0
Forward currency contracts	0
Total liabilities, at fair value:	0
Level 1 | Debt Investments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	0		0
Level 1 | Equity Investments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	0		0
Level 2
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Total assets, at fair value:	0		0
Forward currency contracts	(250,341)
Total liabilities, at fair value:	(250,341)
Level 2 | Debt Investments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	0		0
Level 2 | Equity Investments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	0		0
Level 3
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Total assets, at fair value:	84,944,990		53,989,670
Forward currency contracts	0
Total liabilities, at fair value:	0
Level 3 | Debt Investments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	82,970,854		52,961,535
Level 3 | Equity Investments
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Fair Value	$ 1,974,136		$ 1,028,135
[1]The fair values of investments were valued using significant unobservable inputs, unless otherwise noted. See Note 6. Fair Value Measurements.[2]The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements.[3]Equity investments are non-income producing securities, unless otherwise noted.[4]Ownership of certain equity investments occurs through a holding company or partnership.[5]Equity investments are non-income producing securities.[6]Ownership of certain equity investments occurs through a holding company or partnership.

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net change in unrealized appreciation (depreciation) on investment transactions	$ 467,719	$ 298,756
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net change in unrealized appreciation (depreciation) on investment transactions	$ 505,906	$ 563,833

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details)	6 Months Ended
	Mar. 31, 2023 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	$ 53,989,670
Fundings of (proceeds from) revolving loans, net	26,545
Fundings of investments	31,502,799
PIK interest and non-cash dividends	243,671
Proceeds from principal payments and sales of portfolio investments	(1,485,067)
Fair value, end of period	84,944,990
Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	291,474
Net translation of investments in foreign currencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	257,623
Accretion of discounts and amortization of premiums
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	118,275
Debt Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	52,961,535
Fundings of (proceeds from) revolving loans, net	26,545
Fundings of investments	30,638,643
PIK interest and non-cash dividends	221,941
Proceeds from principal payments and sales of portfolio investments	(1,465,062)
Fair value, end of period	82,970,854
Debt Investments | Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	211,354
Debt Investments | Net translation of investments in foreign currencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	257,623
Debt Investments | Accretion of discounts and amortization of premiums
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	118,275
Equity Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	1,028,135
Fundings of (proceeds from) revolving loans, net	0
Fundings of investments	864,156
PIK interest and non-cash dividends	21,730
Proceeds from principal payments and sales of portfolio investments	(20,005)
Fair value, end of period	1,974,136
Equity Investments | Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	80,120
Equity Investments | Net translation of investments in foreign currencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	0
Equity Investments | Accretion of discounts and amortization of premiums
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, gain (loss) included in earnings	$ 0

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details)	Mar. 31, 2023 USD ($)		Sep. 30, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 84,944,990	[1]	$ 53,989,670	[2]
Level 3 | Senior secured loans | Market rate approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 672,620		$ 560,771
Level 3 | Senior secured loans | Market rate approach | Minimum | Market interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	0.090		0.088
Level 3 | Senior secured loans | Market rate approach | Maximum | Market interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	0.100		0.095
Level 3 | Senior secured loans | Market rate approach | Weighted Average | Market interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	0.096		0.094
Level 3 | Senior secured loans | Market comparable companies | Minimum | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	9		10.3
Level 3 | Senior secured loans | Market comparable companies | Maximum | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	26		26.2
Level 3 | Senior secured loans | Market comparable companies | Weighted Average | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	16.8		18.9
Level 3 | One stop | Market rate approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 82,248,234		$ 52,400,764
Level 3 | One stop | Market rate approach | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	52,746,368		32,469,726
Level 3 | One stop | Market rate approach | Revenue multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 29,501,866		$ 19,931,038
Level 3 | One stop | Market rate approach | Minimum | Market interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	0.070		0.080
Level 3 | One stop | Market rate approach | Maximum | Market interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	0.145		0.135
Level 3 | One stop | Market rate approach | Weighted Average | Market interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	0.102		0.094
Level 3 | One stop | Market comparable companies | Minimum | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	7		7
Level 3 | One stop | Market comparable companies | Minimum | Revenue multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	6		7.8
Level 3 | One stop | Market comparable companies | Maximum | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	33		32.9
Level 3 | One stop | Market comparable companies | Maximum | Revenue multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	17		16.7
Level 3 | One stop | Market comparable companies | Weighted Average | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	17.7		18.6
Level 3 | One stop | Market comparable companies | Weighted Average | Revenue multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	12		14
Level 3 | Subordinated debt and second lien loans | Market rate approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 50,000
Level 3 | Subordinated debt and second lien loans | Market rate approach | Market interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	0.135
Level 3 | Subordinated debt and second lien loans | Market comparable companies | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	9.5
Level 3 | Equity | Market comparable companies
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,974,136		$ 1,028,135
Level 3 | Equity | Market comparable companies | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,311,525		578,141
Level 3 | Equity | Market comparable companies | Revenue multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 662,611		$ 449,994
Level 3 | Equity | Market comparable companies | Minimum | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	12		12.6
Level 3 | Equity | Market comparable companies | Minimum | Revenue multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	6		7.8
Level 3 | Equity | Market comparable companies | Maximum | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	24		25.9
Level 3 | Equity | Market comparable companies | Maximum | Revenue multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	17		16.7
Level 3 | Equity | Market comparable companies | Weighted Average | EBITDA multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	19.1		22.8
Level 3 | Equity | Market comparable companies | Weighted Average | Revenue multiples
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, fair value, measurement input	14.1		15.9
[1]The fair values of investments were valued using significant unobservable inputs, unless otherwise noted. See Note 6. Fair Value Measurements.[2]The fair value of the investment was valued using significant unobservable inputs. See Note 6. Fair Value Measurements.

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - Revolving Credit Facility - Adviser Revolver - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Sep. 30, 2022
Short-term Applicable Federal Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	4.40%	4.40%
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 40,000,000	$ 40,000,000	$ 40,000,000
Proceeds from long-term lines of credit	0	0
Repayments of long-term lines of credit	0	0
Debt	$ 0	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	Mar. 31, 2023	Sep. 30, 2022
Loss Contingencies [Line Items]
Investment company, financial commitment to investee, future amount	$ 12,566,843	$ 14,646,625
Undrawn Revolver
Loss Contingencies [Line Items]
Investment company, financial commitment to investee, future amount	$ 2,769,381	$ 2,352,541

Financial Highlights - Schedule

Financial Highlights - Schedule of Investment Company, Financial Highlights (Details) - USD ($)							6 Months Ended
	Mar. 17, 2023	Feb. 24, 2023	Jan. 17, 2023	Dec. 15, 2022	Nov. 21, 2022	Oct. 18, 2022	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022
Investment Company, Financial Highlights [Roll Forward]
Net asset value at beginning of period (in dollars per share)							$ 15
Distribution declared (in dollars per share)	$ (0.1558)	$ (0.1148)	$ (0.1301)	$ (0.1096)	$ (0.0964)	$ (0.0980)
Net investment income (in dollars per share)							0.67
Net change in unrealized appreciation (depreciation) on investment transactions (in dollars per share)							0.03
Net asset value at end of period (in dollars per share)							$ 15
Total return based on net asset value per share							4.76%
Number of common shares outstanding (in shares)	6,255,174.938	6,252,279.571	5,295,704.904	5,290,922.153	5,289,257.354	4,571,826.354	6,258,653.053		4,571,826.354
Ratio of net investment income to average net assets							8.97%
Ratio of total expenses to average net assets							2.51%
Ratio of management fee waiver to average net assets							(0.90%)
Ratio of incentive fee waiver to average net assets							(0.40%)
Ratio of operating expense waiver to average net assets							(0.24%)
Ratio of incentive fees to average net assets							0.45%
Ratio of excise tax to average net assets							0.05%
Ratio of net expenses to average net assets							0.97%
Ratio of total expenses (without incentive fees) to average net assets							1.11%
Total return based on average net asset value							4.85%
Total return based on average net asset value - annualized							9.74%
Net assets at end of period							$ 93,879,796	$ 79,435,574	$ 68,577,395
Average debt outstanding							$ 0
Average debt outstanding per share (in dollars per share)							$ 0
Portfolio Turnover							4.15%
Investment Income
Investment Company, Financial Highlights [Roll Forward]
Distribution declared (in dollars per share)							$ (0.70)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings available to stockholders	$ 2,381,530	$ 3,919,152
Basic weighted average common shares outstanding (in shares)	5,860,405	5,398,684
Diluted weighted average common shares outstanding (in shares)	5,860,405	5,398,684
Basic earnings per common share (in dollars per share)	$ 0.41	$ 0.72
Diluted earnings per common share (in dollars per share)	$ 0.41	$ 0.72

Dividends and Distributions - S

Dividends and Distributions - Summary of Dividends Declarations and Distributions (Details) - USD ($)							6 Months Ended
	Mar. 17, 2023	Feb. 24, 2023	Jan. 17, 2023	Dec. 15, 2022	Nov. 21, 2022	Oct. 18, 2022	Mar. 31, 2023	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Number of common shares outstanding (in shares)	6,255,174.938	6,252,279.571	5,295,704.904	5,290,922.153	5,289,257.354	4,571,826.354	6,258,653.053	4,571,826.354
Distribution declared (in dollars per share)	$ 0.1558	$ 0.1148	$ 0.1301	$ 0.1096	$ 0.0964	$ 0.0980
Total Dividends Declared	$ 974,352	$ 717,968	$ 689,210	$ 580,139	$ 509,660	$ 447,823	$ 3,919,152

Dividends and Distributions -_2

Dividends and Distributions - Schedule of Summarized Dividend Reinvestment Plan Information (Details) - USD ($)					3 Months Ended	6 Months Ended
	Mar. 22, 2023	Mar. 01, 2023	Dec. 29, 2022	Nov. 23, 2022	Mar. 31, 2023	Mar. 31, 2023	Feb. 07, 2023	Nov. 14, 2022	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
DRIP shares issued (in shares)	3,478.115	2,895.367	4,782.751	1,664.799		12,821.032
Net asset value per common share (in dollars per share)	$ 15	$ 15	$ 15	$ 15	$ 15	$ 15	$ 15	$ 15	$ 15
DRIP shares value	$ 52,172	$ 43,430	$ 71,742	$ 24,972	$ 95,602	$ 192,316

Subsequent Events - Schedule of

Subsequent Events - Schedule of Declared Distributions to Holders (Details) - $ / shares	Jul. 28, 2023	Jun. 16, 2023	May 26, 2023	Apr. 28, 2023	Mar. 17, 2023	Feb. 24, 2023	Jan. 17, 2023	Dec. 15, 2022	Nov. 21, 2022	Oct. 18, 2022
Subsequent Event [Line Items]
Distribution declared (in dollars per share)					$ 0.1558	$ 0.1148	$ 0.1301	$ 0.1096	$ 0.0964	$ 0.0980
Subsequent Event
Subsequent Event [Line Items]
Distribution declared (in dollars per share)				$ 15
Subsequent Event | Forecast
Subsequent Event [Line Items]
Distribution declared (in dollars per share)	$ 15	$ 15	$ 15