v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income paid-in-kind $ 2,169 $ 996 $ 196
Total investment income 27,758 21,175 10,707
Incentive fees (Note 4) 3,456 2,419 1,169
Management fees (Note 4) 2,448 1,747 956
Interest expense on repurchase transactions 568 968 1,614
Administrative fees 492 484 483
Professional fees 382 314 313
Directors’ fees 248 255 298
Other expenses 96 75 31
Total expenses 7,690 6,262 4,864
Net investment income 20,068 14,913 5,843
Net realized gain on short-term investments 0 204 400
Net realized and unrealized (loss) gain on investments (487) (1,206) 1,216
Net increase in Members' Capital from operations $ 19,581 $ 13,707 $ 7,059
Basic and diluted:      
Income per unit, Basic $ 5.22 $ 3.65 $ 1.88
Income per unit, Diluted $ 5.22 $ 3.65 $ 1.88
Units outstanding, Basic 3,753,190 3,753,190 3,753,190
Units outstanding, Diluted 3,753,190 3,753,190 3,753,190
Non-controlled/non-affiliated investments      
Interest income $ 25,521 $ 20,139 $ 10,498
Interest income paid-in-kind 2,169 996 196
Other fee income 68 40 13
Net realized (loss) gain (3) 27 94
Net change in unrealized appreciation/(depreciation) $ (484) $ (1,437) $ 722