v3.25.4
Members' Capital
12 Months Ended
Dec. 31, 2025
Members' Equity [Abstract]  
Members' Capital

9. MEMBERS’ CAPITAL

Capital Drawdowns

The Company did not issue a capital drawdown for the years ended December 31, 2025 and 2023.

The following table summarizes the total Units issued and proceeds related to capital drawdowns for the year ended December 31, 2024:

 

Unit Issue Date

Units Issued

 

Proceeds Received

 

December 20, 2024

 

124,735

 

$

3,000

 

 Total Capital drawdowns

 

124,735

 

$

3,000

 

Distributions

The table below reflects the distributions declared on the Company’s Units for the years ended December 31, 2025, 2024 and 2023.

 

Date Declared

 

Record Date

 

Payment Date

 

Amount Per Unit

 

 

For the Year Ended December 31, 2025

 

 

 

 

 

 

February 26, 2025

 

April 2, 2025

 

May 2, 2025

 

$

0.59

 

 

June 6, 2025

 

June 9, 2025

 

June 12, 2025

 

$

1.64

 

(1)

June 25, 2025

 

June 25, 2025

 

June 27, 2025

 

$

1.44

 

(2)

May 7, 2025

 

July 2, 2025

 

July 31, 2025

 

$

0.43

 

(2)

For the Year Ended December 31, 2024

 

 

 

 

 

 

February 27, 2024

 

April 2, 2024

 

May 8, 2024

 

$

2.11

 

(2)

May 1, 2024

 

July 2, 2024

 

August 5, 2024

 

$

9.00

 

(2)

August 8, 2024

 

October 2, 2024

 

November 4, 2024

 

$

0.62

 

(2)

November 7, 2024

 

December 31, 2024

 

January 30, 2025

 

$

0.36

 

 

For the Year Ended December 31, 2023

 

 

 

 

 

 

August 1, 2023

 

August 1, 2023

 

August 15, 2023

 

$

2.06

 

 

November 8, 2023

 

November 9, 2023

 

November 20, 2023

 

$

1.40

 

 

November 1, 2023

 

December 29, 2023

 

January 31, 2024

 

$

1.27

 

 

 

(1) $0.08 is considered a return of capital distribution.

(2) Return of capital distribution.

 

Special Distribution

On June 9, 2025, pursuant to a Special Distribution Agreement, dated as of June 9, 2025 (the “Special Distribution Agreement”) by and among the Company, SPV II, the Buyer, and Rakesh Jain (the “Individual Investor”), SPV II distributed to the Company an amount equal to $29,913, and the Company distributed to the Buyer and the Individual Investor $24,380 in cash, and in turn, the Buyer’s Unfunded Committed Amount (as defined in the LLCA) was increased by $24,380.