v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets    
Non-controlled/non-affiliated investments (amortized cost of $1,231,779 and $952,308, respectively) $ 1,209,788,377 [1] $ 942,127,694
Investment, Type [Extensible Enumeration] Non-controlled/non-affiliated Non-controlled/non-affiliated
Cash and cash equivalents $ 52,311,000 $ 92,946,000
Interest income receivable 4,870,000 6,311,000
Receivable for investment sold 155,000 156,000
Due from adviser 106,000 0
Deferred financing costs 595,000 1,150,000
Prepaid and other assets 75,000 74,000
Total Assets 1,267,900,000 1,042,765,000
Liabilities    
Incentive fee payable 37,358,000 21,675,000
Interest and credit facility expense payable 4,289,000 5,910,000
Management fees payable 3,859,000 2,970,000
Unrealized depreciation on unfunded commitments 1,006,000 1,110,000
Other accrued expenses and other liabilities 1,151,000 952,000
Total Liabilities 448,800,000 431,536,000
Commitments and Contingencies (Note 5)
Members’ Capital    
Common Unitholders' commitment: (12,745,660 units issued and outstanding) 1,274,566,000 1,274,566,000
Common Unitholders' undrawn commitment: (12,745,660 units issued and outstanding) (384,504,000) (623,504,000)
Common Unitholders' return of capital (9,729,000) (5,941,000)
Common Unitholders’ offering costs (347,000) (347,000)
Common Unitholders’ capital 879,986,000 644,774,000
Accumulated overdistributed earnings (60,886,000) (33,545,000)
Total Members’ Capital 819,100,000 611,229,000
Total Liabilities and Members’ Capital $ 1,267,900,000 $ 1,042,765,000
Net Asset Value Per Unit (accrual base) (Note 11) [2] $ 94.43 $ 96.87
Term Loan    
Liabilities    
Revolving credit facilities payable and term loan $ 324,437,000 $ 398,919,000
Revolving Credit Facilities    
Liabilities    
Revolving credit facilities payable and term loan $ 76,700,000 $ 0
[1] The fair value of each debt investment was determined using significant unobservable inputs and such investments are considered to be Level 3 within the Fair Value Hierarchy. See Note 3 “Investment Valuations and Fair Value Measurements.”
[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.