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 $ 21,737 $ 120,572
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 42,387 29,616
Net unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies 129 (204)
Net unrealized (appreciation) depreciation on interest rate swap attributed to unsecured notes 215 1,212
Net realized (gain) loss on investments 72,228 5,841
Net realized (gain) loss on foreign currency and other transactions (76) (30)
Investments in unaffiliated money market fund 9,505 11,752
Net accretion of discount and amortization of premium on investments (12,399) (12,055)
Payment-in-kind interest and dividend capitalized (16,188) (12,493)
Amortization of deferred financing costs 4,031 3,888
Amortization of debt issuance costs and original issuance discount on unsecured notes 3,159 2,301
Purchases of investments and change in payable for investments purchased (364,530) (1,089,073)
Proceeds from sale of investments and principal repayments and change in receivable for investments sold/repaid 849,275 547,587
Changes in operating assets and liabilities:    
(Increase) decrease in prepaid expenses and other assets 3,196 6
(Decrease) increase in payable to affiliates 14 (533)
(Decrease) increase in management fees payable 2,946 (78)
(Decrease) increase in incentive fees payable 2,372 (455)
(Decrease) increase in interest payable (354) 4,432
(Decrease) increase in accrued expenses and other liabilities 1,431 (2,062)
Net cash provided by (used in) operating activities 609,443 (375,885)
Cash flows from financing activities:    
Borrowings on debt 505,000 709,344
Repayments on debt (822,818) (473,000)
Deferred financing costs paid (5,117) (160)
Debt issuance costs paid (53) (50)
Distributions paid (60,936) (61,835)
Proceeds from issuance of Units 54,920 277,606
Subscriptions received in advance 2,145 28,573
Repurchases of Units (346,523) (121,082)
Net cash provided by (used in) financing activities (673,382) 359,396
Net increase (decrease) in cash, cash equivalents and restricted cash (63,939) (16,489)
Effect of foreign exchange rate changes on cash (72) 234
Cash, cash equivalents and restricted cash, at beginning of period 199,865 159,788
Cash, cash equivalents and restricted cash, at end of period 135,854 143,533
Supplemental information and non-cash activities:    
Excise tax paid 102 0
Interest expense paid 107,824 108,583
Distribution reinvestment paid 85,368 88,350
Accrued but unpaid deferred financing costs 0 83
Accrued but unpaid distributions 25,658 32,956
Accrued but unpaid repurchases of Units 159,649 107,041
Non-cash purchases of investments (82,547) (26,184)
Non-cash sales of investments 82,547 26,184
Investment, Affiliated Issuer, Noncontrolled    
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 (4,309) 174
Changes in operating assets and liabilities:    
(Increase) decrease in interest and dividend receivable from non-controlled/non-affiliated investments 391 (202)
Investment- Non-controlled/non-affiliated    
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 (36,173) (29,790)
Net realized (gain) loss on investments 72,228 5,841
Changes in operating assets and liabilities:    
(Increase) decrease in interest and dividend receivable from non-controlled/non-affiliated investments (2,513) 0
Investments - Controlled/Affiliated    
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 (1,905) 0
Changes in operating assets and liabilities:    
(Increase) decrease in interest and dividend receivable from non-controlled/non-affiliated investments $ (7,513) $ 14,093