v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net increase (decrease) in members' capital from operations: $ 9,100 $ 8,692
Adjustments to reconcile net increase (decrease) in members' capital from operations to net cash provided by (used for) operating activities:    
Purchases of investments (65,573) (75,659)
Payment-in-kind interest capitalized (449) (356)
Investments in affiliated money market fund, net 3,755 (6,340)
Proceeds from sales of investments and principal repayments 38,151 3,027
Net change in unrealized (appreciation) depreciation on investments 3,186 548
Net change in unrealized (appreciation) depreciation on foreign currency translations 7 (2)
Amortization of premium and accretion of discount, net (769) (413)
Amortization of deferred financing costs 360 289
Change in operating assets and liabilities:    
(Increase) decrease in interest and dividends receivable 340 (264)
(Increase) decrease in other assets (16,406) 2,544
Increase (decrease) in interest and other debt expenses payable 230 979
Increase (decrease) in professional fees payable (24) 54
Increase (decrease) in management fees payable (274) 88
Increase (decrease) in incentive fees payable 92 47
Increase (decrease) in accrued expenses and other liabilities 379 27
Net cash provided by (used for) operating activities (27,895) (66,739)
Cash flows from financing activities:    
Proceeds from issuance of common units 52,500 0
Distributions paid (21) (62)
Financing costs paid (1,261) 0
Borrowings on debt 56,500 71,000
Repayments of debt (78,000) 0
Net cash provided by (used for) financing activities 29,718 70,938
Net increase (decrease) in cash 1,823 4,199
Effect of foreign exchange rate changes on cash and cash equivalents (7) 2
Cash, beginning of period 16,353 11,353
Cash, end of period 18,169 15,554
Supplemental and non-cash activities    
Interest expense paid 5,956 3,452
Reinvestment of common unit distributions $ 10,523 $ 9,061