v3.25.4
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Investments, at fair value $ 1,534,345 [1] $ 2,087,081 [2]
Total investments, at fair value (cost of $1,596,478 and $2,124,410) 1,534,345 2,087,081
Investments in affiliated money market fund (cost of $124,974 and $84,647) 124,974 84,647
Cash 22,089 27,340
Interest and dividends receivable 15,285 17,732
Deferred financing costs 2,272 5,353
Other assets 508 564
Total assets 1,699,473 2,222,717
Liabilities    
Debt 627,892 1,000,612
Interest and other debt expenses payable 10,795 19,968
Management fees payable 3,716 4,153
Incentive fees payable 77,983 63,988
Distribution payable 25,077 32,132
Accrued expenses and other liabilities 3,318 3,535
Total liabilities 748,781 1,124,388
Commitments and contingencies (Note 7)
Members' capital    
Common units (13,854,750 and 13,854,750 units issued and outstanding as of December 31, 2025 and December 31, 2024) 1,263,120 1,313,752
Distributable earnings (loss) (312,428) (215,423)
Total members' capital 950,692 1,098,329
Total liabilities and members' capital $ 1,699,473 $ 2,222,717
Net asset value per unit $ 68.62 $ 79.27 [3]
Non-Controlled/Non-Affiliated Investments    
Assets    
Investments, at fair value $ 1,467,569 $ 2,006,266
Non-Controlled Affiliated Investments    
Assets    
Investments, at fair value $ 66,776 $ 80,815
[1] For Industry subtotal and percentage, see Note 4 "Investments."
[2] For Industry subtotal and percentage, see Note 4 "Investments."
[3] The per Unit data was derived by using the weighted average Units outstanding during the applicable period, except for distributions recorded, which reflects the actual amount of distributions recorded per Unit for the applicable period.