v3.26.1
Consolidated Statement of Cash Flows
 5 Months Ended 12 Months Ended
Dec. 31, 2024
USD ($)
 [3]
Dec. 31, 2025
USD ($)
Cash Flows from Operating Activities    
Net increase (decrease) in net assets resulting from operations $ 2,256,000 [1],[2] $ 21,435,000
Adjustments to reconcile increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (gains) losses (637,000) [1],[2] 1,662,000
Net realized (gains) losses on investments 0 [2] (58,000)
Net amortization of discount on investments 0 (1,734,000)
Amortization of deferred financing costs 0 29,000
Accretion of original issue discount 0 13,000
Purchases and originations of investments, net (93,277,000) (414,245,000)
Proceeds from investments, net 0 9,899,000
Repayments on investments 656,000 46,594,000
Paid-in-kind interest capitalized 0 (1,466,000)
Changes in operating assets and liabilities:    
Interest receivable (775,000) (2,620,000)
Prepaid expenses and other assets (51,000) (7,540,000)
Management fees payable to affiliate 0 856,000
Incentive fees on net investment income payable to affiliate 0 1,028,000
Other payables to affiliates 0 147,000
Investment payables 0 (7,827,000)
Other liabilities 912,000 1,992,000
Net Cash Provided by (Used in) Operating Activities (90,916,000) (351,835,000)
Cash Flows from Financing Activities    
Borrowings on debt 0 143,410,000
Deferred financing costs 0 (550,000)
Distribution of members' capital 0 (1,304,000)
Capital calls 140,000,000 187,045,000
Net Cash Provided by (Used in) Financing Activities 140,000,000 328,601,000
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 49,084,000 (23,234,000)
Cash, cash equivalents and restricted cash, beginning of period 0 49,084,000 [3]
Cash, Cash Equivalents and Restricted Cash, End of Period 49,084,000 25,850,000
Supplemental Information:    
Interest paid during the period 0 408,000
Dividends declared during the period $ 0 [4] $ 8,820,000
[1] Represents the Company’s period of operations as the Ramp Vehicle from the date of its formation through the fiscal quarter ended December 31, 2024.
[2] Represents the Company’s period of operations as the Ramp Vehicle (a private fund based on an exception from the definition of “investment company” under Section 3(c)(7) of the 1940 Act) from the date of its formation through the year ended December 31, 2024.).
[3] Represents the Company’s period of operations as the Ramp Vehicle from the date of its formation through the fiscal quarter ended December 31, 2024.
[4] As of December 31, 2024, Crestline Lending Solutions, LLC (the “Company”) had not yet elected to be regulated as a business development company (“BDC”), and was operating as Crestline Lending Solutions Ramp, LLC (the “Ramp Vehicle”), a private fund based on an exception from the definition of "investment company" under Section 3(c)(7) of the Investment Company Act of 1940, as amended (the “1940 Act”).