v3.25.2
Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Amortized Cost $ 432,887,516 [1],[2] $ 463,548,533 [3]
Common unitholder's commitment units outstanding [4] 18,034,649  
Common Commitment    
Common unitholder's commitment units issued 18,034,649 18,034,649
Common unitholder's commitment units outstanding 18,034,649 18,034,649
Common Undrawn Commitment    
Common unitholder's commitment units issued 18,034,649 18,034,649
Common unitholder's commitment units outstanding 18,034,649 18,034,649
Non-controlled/non-affiliated investments    
Amortized Cost $ 27,636,000 $ 28,041,000
Non-Controlled Affiliated Investments    
Amortized Cost 0 32,857,000
Controlled Affiliated Investments    
Amortized Cost $ 405,252,000 $ 402,649,000
[1] Investment is in default as of June 30, 2025.

SOFR - Secured Overnight Financing Rate, generally 1-Month or 3-Month

PIK - Payment-In-Kind

Aggregate acquisitions and aggregate dispositions of investments, other than government securities, totaled $11,075,063 and $8,856,135, respectively, for the period ended June 30, 2025. Aggregate acquisitions includes investment assets received as payment in kind. Aggregate dispositions includes principal paydowns on and maturities of debt investments.

 

Geographic Breakdown of Portfolio

 

 

 

United States

 

 

100

%
[2] The fair value of each debt and equity investment was determined using significant unobservable inputs and such investments are considered to be Level 3 within the Fair Value Hierarchy. See Note 3 “Investment Valuations and Fair Value Measurements.”
[3] The fair value of the Quantum Corporation Common Stock held by the Company is based on the quoted market price of the issuer’s stock as of December 31, 2024. Such common stock is considered to be a Level 1 security within the Fair Value Hierarchy. Otherwise, the fair value of each debt and equity investment was determined using significant unobservable inputs and such investments are considered to be Level 3 within the Fair Value Hierarchy. See Note 3 “Investment Valuations and Fair Value Measurements.”
[4] Per unit data was calculated using the number of Common Units issued and outstanding as of June 30, 2025 and 2024.