v3.25.4
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investments, at fair value    
Investment, at fair value $ 901,521 $ 604,419
Cash 16,353 11,353
Interest and dividends receivable 5,118 4,261
Deferred financing costs 4,727 5,816
Other assets 247 2,648
Total assets 946,694 637,726
Liabilities    
Debt 449,850 220,100
Interest and other debt expenses payable 6,276 3,737
Management fees payable 1,488 1,245
Incentive fees payable 895 676
Distribution payable 10,544 9,123
Professional fees payable 291 192
Accrued expenses and other liabilities 365 419
Total liabilities 469,709 235,492
Commitments and contingencies (Note 7)
Members' capital    
Common units (24,055,978 and 20,272,339 units issued and outstanding as of December 31, 2025 and December 31, 2024) 478,363 401,831
Distributable earnings (loss) (1,378) 403
Total members' capital 476,985 402,234
Total liabilities and members' capital $ 946,694 $ 637,726
Net asset value per unit [1] $ 19.83 $ 19.84
Non-Controlled/Non-Affiliated    
Investments, at fair value    
Investment, at fair value $ 890,626 $ 593,545
Non-Controlled Affiliated Investments    
Investments, at fair value    
Investment, at fair value 10,895 10,874
Controlled Affiliated Investments    
Investments, at fair value    
Investments in affiliated money market fund (cost of $18,728 and $9,229) $ 18,728 $ 9,229
[1] 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 distribution recorded per Unit for the applicable period.