v3.26.1
CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical)
Mar. 31, 2026
Dec. 31, 2025
Schedule of Investments [Line Items]    
Variable rate (in percent) 3.70% 3.70%
Interest rate, floor (in percent) 3.80% 4.30%
Investment, Identifier [Axis]: Cannabis | Bloom Hold Co.    
Schedule of Investments [Line Items]    
Variable rate (in percent) [1]   8.00%
Investment, Identifier [Axis]: Cannabis | DMA Holdings (MA), LLC    
Schedule of Investments [Line Items]    
Cash interest rate (in percent) 12.00% [2],[3] 12.00% [1],[4]
Interest paid-in kind (in percent) 2.00% [2],[3] 2.00% [1],[4]
Investment, Identifier [Axis]: Cannabis | Devi Holdings Inc.    
Schedule of Investments [Line Items]    
Cash interest rate (in percent) 13.00% [2],[5],[6] 13.00% [1],[7],[8]
Interest paid-in kind (in percent) 2.50% [2],[5],[6] 2.50% [1],[7],[8]
Investment, Identifier [Axis]: Cannabis | Gron Holdings, Inc.    
Schedule of Investments [Line Items]    
Variable rate (in percent) [1]   8.50%
Investment, Identifier [Axis]: Cannabis | High End Holdings LLC 1    
Schedule of Investments [Line Items]    
Variable rate (in percent) 8.00% [2] 8.00% [1]
Investment, Identifier [Axis]: Cannabis | High End Holdings LLC 2    
Schedule of Investments [Line Items]    
Variable rate (in percent) 8.00% [2] 8.00% [1]
Investment, Identifier [Axis]: Cannabis | Standard Wellness Company, LLC    
Schedule of Investments [Line Items]    
Cash interest rate (in percent) 12.50% [2] 12.50% [1]
Interest paid-in kind (in percent) 1.50% [2] 1.50% [1]
Investment, Identifier [Axis]: Cannabis | Story of Maryland LLC    
Schedule of Investments [Line Items]    
Variable rate (in percent) 7.50% [2] 7.50% [1]
Investment, Identifier [Axis]: Cannabis | Theratrue, Inc.    
Schedule of Investments [Line Items]    
Variable rate (in percent) 8.75% [2] 8.75% [1]
Investment, Identifier [Axis]: Commercial & Professional Services | STAT Buyer, LLC    
Schedule of Investments [Line Items]    
Variable rate (in percent) [2] 8.50%  
Investment, Identifier [Axis]: Insurance | BCIS AH Borrower LLC    
Schedule of Investments [Line Items]    
Cash interest rate (in percent) [2],[9] 7.50%  
Interest paid-in kind (in percent) [2],[9] 9.00%  
Cash interest rate, borrower election (in percent) 5.50%  
Paid-in kind interest rate, borrower election (in percent) 13.00%  
[1] As of December 31, 2025, the floating benchmark rate included one-month Secured Overnight Financing Rate (“SOFR”) quoted at 3.7% and subject to a weighted average floor of 4.3% based on outstanding principal.
[2] As of March 31, 2026, the floating benchmark rate included one-month Secured Overnight Financing Rate (“SOFR”) quoted at 3.7% and subject to a weighted average floor of 3.8% based on outstanding principal.
[3] Effective December 1, 2023, the Company placed the investment on nonaccrual status.
[4] Effective December 1, 2023, the Company placed the investment on nonaccrual status.
[5] Effective March 1, 2024, the Company placed the investment on nonaccrual status. The maturity date passed without repayment.
[6] Represents co-investments made with the Fund’s affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission (the “SEC”). Refer to Note 3 Related Party Transactions.
[7] Effective March 1, 2024, the Company placed the investment on nonaccrual status. The maturity date passed without repayment.
[8] Represents co-investments made with the Fund’s affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission (the “SEC”). Refer to Note 3 Related Party Transactions.
[9] The loan bears cash interest at a rate of 7.5% and 9.0% interest paid-in kind, with the option for the borrower to elect to pay cash interest at a rate of 5.5% and 13.0% interest paid-in kind until the end of the fiscal quarter following the first anniversary of the initial closing date.