v3.26.1
Consolidated Statements of Changes in Members' Capital - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Members' Capital, Beginning Balance $ 611,229 $ 460,210 $ 196,018
Net Increase (Decrease) in Members' Capital Resulting from Operations:      
Net investment income 100,129 75,604 46,838
Net realized gain on investments 449 115 1,088
Net change in unrealized appreciation/(depreciation) on investments (11,707) (15,078) 3,696
Distributions to Members from:      
Distributable earnings (116,212) (86,395) (56,537)
Return of capital (3,788) (2,847) (3,094)
Net Increase (Decrease) in Members' Capital Resulting from Capital Activity:      
Contributions 239,000 179,651 272,224
Offering costs   (31) (23)
Total Increase (Decrease) in Members' Capital for the year end 207,871 151,019 264,192
Members' Capital, Ending Balance 819,100 611,229 460,210
Common Unitholders’ Capital      
Members' Capital, Beginning Balance 644,774 468,001 198,894
Net Increase (Decrease) in Members' Capital Resulting from Operations:      
Net investment income 0 0 0
Net realized gain on investments 0 0 0
Net change in unrealized appreciation/(depreciation) on investments 0 0 0
Distributions to Members from:      
Distributable earnings 0 0 0
Return of capital (3,788) (2,847) (3,094)
Net Increase (Decrease) in Members' Capital Resulting from Capital Activity:      
Contributions 239,000 179,651 272,224
Offering costs   (31) (23)
Total Increase (Decrease) in Members' Capital for the year end 235,212 176,773 269,107
Members' Capital, Ending Balance 879,986 644,774 468,001
Accumulated Undistributed (Overdistributed) Earnings      
Members' Capital, Beginning Balance (33,545) (7,791) (2,876)
Net Increase (Decrease) in Members' Capital Resulting from Operations:      
Net investment income 100,129 75,604 46,838
Net realized gain on investments 449 115 1,088
Net change in unrealized appreciation/(depreciation) on investments (11,707) (15,078) 3,696
Distributions to Members from:      
Distributable earnings (116,212) (86,395) (56,537)
Return of capital 0 0 0
Net Increase (Decrease) in Members' Capital Resulting from Capital Activity:      
Contributions 0 0 0
Offering costs   0 0
Total Increase (Decrease) in Members' Capital for the year end (27,341) (25,754) (4,915)
Members' Capital, Ending Balance $ (60,886) $ (33,545) $ (7,791)