v3.25.4
Statements of Financial Condition - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets    
Investments, at fair value $ 431,488,000 $ 34,104,000
Cash 7,355,000 2,054,000
Interest and dividends receivable 1,815,000 47,000
Deferred financing costs 953,000 2,205,000
Deferred offering costs   428,000
Other assets 882,000 103,000
Total assets 454,769,000 107,938,000
Liabilities    
Debt 244,000,000 45,000,000
Distribution payable 3,376,000  
Interest and other debt expenses payable 1,417,000 204,000
Management fees payable 591,000 69,000
Accrued deferred offering costs   37,000
Accrued organization costs   25,000
Accrued expenses and other liabilities 315,000 292,000
Total liabilities 249,699,000 45,627,000
Commitments and contingencies (Note 7)
Members' capital    
Common units (11,833,087 and 3,589,962 units issued and outstanding as of December 31, 2025 and December 31, 2024) 206,365,000 63,106,000
Distributable earnings (loss) (1,295,000) (795,000)
Total members' capital 205,070,000 62,311,000
Total liabilities and members' capital $ 454,769,000 $ 107,938,000
Net asset value per unit [1] $ 17.33 $ 17.36
Non-Controlled/Non-Affiliated Investments    
Assets    
Investments, at fair value $ 431,488,000 $ 34,104,000
Controlled Affiliated Investments    
Assets    
Investments in affiliated money market fund (cost of $12,276 and $68,997) $ 12,276,000 $ 68,997,000
[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.