v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Non-controlled/non-affiliated investments (amortized cost of $209,512 and $150,652, respectively) $ 208,515 $ 150,183
Investment, Type [Extensible Enumeration] Investment, Unaffiliated Issuer [Member] Investment, Unaffiliated Issuer [Member]
Cash and cash equivalents $ 6,127 $ 9,643
Interest income receivable 736 764
Receivable for investments sold 27 31
Prepaid and other assets 33 25
Total Assets 215,438 160,646
Liabilities    
Incentive fee payable 7,043 3,588
Management fee payable 656 465
Administration fee payable 444 0
Unrealized depreciation on unfunded commitments 203 247
Repurchase obligations 0 6,592
Other accrued expenses and other liabilities 73 516
Total Liabilities 8,419 11,408
Commitments and Contingencies (Note 5)
Members’ Capital    
Common Unitholders' commitment: (3,753,190 units issued and outstanding) 375,319 375,319
Common Unitholders' undrawn commitment: (3,753,190 units issued and outstanding) (137,319) (207,819)
Common Unitholders' return of capital (22,331) (13,542)
Common Unitholders' offering costs (5) (5)
Accumulated Common Unitholders' tax reclassification (287) (287)
Common Unitholders’ capital 215,377 153,666
Accumulated overdistributed earnings (8,358) (4,428)
Total Members’ Capital [1] 207,019 149,238
Total Liabilities and Members’ Capital $ 215,438 $ 160,646
Net Asset Value Per Unit (accrual base) (Note 10) [1],[2] $ 91.75 $ 95.13
[1] Per unit data was calculated using the number of Units issued and outstanding as of December 31, 2025, 2024, and 2023.
[2] Net Asset Value Per Unit (accrual base) equates to the aggregate of the Total Members' Capital and Common Unitholders' undrawn commitment divided by total Common units outstanding.