v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net increase (decrease) in members' capital resulting from operations $ 7,650 $ 10,272
Adjustments to reconcile net increase (decrease) in members' capital resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation on investments 6,287 476
Net unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies 3 (2)
Net realized (gain) loss on investments 728 (2)
Net accretion of discount and amortization of premium on investments (678) (289)
Payment-in-kind interest and dividend capitalized (731) (291)
Amortization of deferred financing costs 546 288
Purchases of investments and change in payable for investments purchased (83,155) (129,625)
Proceeds from sale of investments and principal repayments and change in receivable for investments sold/repaid 38,397 9,409
Changes in operating assets and liabilities:    
(Increase) decrease in deferred financing costs (476) (120)
(Increase) decrease in other assets (46) (5)
(Decrease) increase in payable to affiliates (133) 47
(Decrease) increase in management fees payable 191 (487)
(Decrease) increase in incentive fees payable 200 (434)
(Decrease) increase in interest payable 936 258
(Decrease) increase in accrued expenses and other liabilities 260 (75)
Net cash provided by (used in) operating activities (29,949) (110,809)
Cash flows from financing activities:    
Borrowings on debt 75,000 95,000
Repayments on debt (42,000) (45,000)
Distributions paid in cash (8,113) (5,935)
Proceeds from issuance of Units 25,303 77,193
Subscriptions received in advance 382 (8,298)
Repurchases of Units (30,573) (11,511)
Net cash provided by (used in) financing activities 19,999 101,449
Net increase (decrease) in cash (9,950) (9,360)
Effect of foreign exchange rate changes on cash (3) 2
Cash at beginning of period 33,697 29,112
Cash at end of period 23,744 19,754
Supplemental information and non-cash activities:    
Interest expense paid 8,186 3,978
Distribution reinvestment 6,579 4,045
Distributions payable 2,814 2,425
Accrued but unpaid repurchases of common units 15,242 1,247
Accrued but unpaid deferred financing costs 263 0
Non-cash purchases of investments (1,676) 0
Non-cash sales of investments 1,676 0
Non-Controlled/Non-Affiliated Investments    
Adjustments to reconcile net increase (decrease) in members' capital resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation on investments 6,658 476
Net realized (gain) loss on investments 728 (2)
Changes in operating assets and liabilities:    
(Increase) decrease in interest and dividend receivable from non-controlled/non-affiliated investments 82 (229)
Non-Controlled/Affiliated Investments    
Adjustments to reconcile net increase (decrease) in members' capital resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation on investments (371) 0
Changes in operating assets and liabilities:    
(Increase) decrease in interest and dividend receivable from non-controlled/non-affiliated investments $ (10) $ 0