v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment income:    
Interest income $ 12,500 $ 7,414
Payment-in-kind income 344 193
Dividend income 22 3
Other income 218 9
Total investment income 13,084 7,619
Expenses:    
Interest and other financing expenses 4,683 2,106
Management fees 975 638
Income based incentive fees 956 614
Capital gains incentive fees 0 (119)
Professional fees 359 260
Directors' fees 52 26
Administrative service fees 38 71
General and other expenses 78 46
Total expenses 7,141 3,642
Income based incentive fee waiver (Note 3) (750) (440)
Management fees waiver (Note 3) (750) (440)
Net expenses 5,641 2,762
Net investment income (loss) 7,443 4,857
Net investment income (loss) after taxes 7,443 4,857
Realized and unrealized gain (loss):    
Non-controlled/non-affiliated investments 12 0
Net change in unrealized appreciation (depreciation):    
Non-controlled/non-affiliated investments (5,154) (955)
Translation of assets and liabilities in foreign currencies (2) 1
Net realized and unrealized gain (loss) (5,144) (954)
Net increase (decrease) in members' capital resulting from operations $ 2,299 $ 3,903
Earnings (loss) per unit - basic (in dollars per unit) $ 0.15 $ 0.37
Earnings (loss) per unit - diluted (in dollars per unit) $ 0.15 $ 0.37
Weighted average units outstanding - basic (in units) [1] 15,758,634 10,476,131
Weighted average units outstanding - diluted (in units) [1] 15,758,634 10,476,131
[1] The per unit data was derived by using the weighted average units outstanding during the period, except otherwise noted.