v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investments at fair value:    
Cash $ 8,734 $ 7,985
Cash equivalents (cost: $59,838 and $49,798, respectively) 59,838 49,798
Interest receivable 2,757 3,631
Receivable for investments sold 0 8,904
Prepaid expenses 45 13
Total assets 250,849 254,797
Liabilities    
Debt ($58,119 and $65,992 face amounts, respectively, reported net of unamortized debt issuance costs of $558 and $677, respectively. See note 5) 57,561 65,315
Management fee payable (see note 3) 587 582
Incentive fee payable (see note 3) 124 2,639
Administrative Fee Payable 39 45
Interest payable (see note 5) 305 415
Payable for investments purchased 59,838 49,798
Other liabilities and accrued expenses 213 162
Total liabilities 118,667 118,956
Commitments and contingencies (see note 6)
Unitholders' Capital    
Common Unitholders' capital (14,415,168 and 14,415,168 units, respectively, issued and outstanding) 150,014 150,014
Accumulated distributable net loss (17,832) (14,173)
Total unitholders' capital 132,182 135,841
Total liabilities and unitholders' capital $ 250,849 $ 254,797
Net asset value per unit [1] $ 9.17 $ 9.42
Companies less than 5% owned [Member]    
Investments at fair value:    
Investments, Fair Value Disclosure $ 152,230 $ 157,472
Companies 5% to 25% owned [Member]    
Investments at fair value:    
Investments, Fair Value Disclosure $ 27,245 $ 26,994
[1] Calculated using the average units outstanding method. Weighted average Units outstanding for the three months ended March 31, 2026 and March 31, 2025 were 14,415,168 and 18,532,519, respectively.