v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment Income:        
Total investment income $ 53,947 $ 53,984 $ 105,888 $ 108,175
Expenses:        
Interest and other financing expenses 17,156 18,617 34,467 37,407
Management fees 1,094 1,056 2,169 2,112
Income based incentive fees 2,204 2,769 4,223 5,557
Professional fees 886 942 2,100 1,605
Directors' fees 52 51 107 102
General and other expenses 497 736 863 1,554
Total expenses 21,889 24,171 43,929 48,337
Management fees waiver (619) 0 (619) 0
Net expenses 21,270 24,171 43,310 48,337
Net investment income before taxes 32,677 29,813 62,578 59,838
Excise tax expense 38 0 76 18
Net investment income after taxes 32,639 29,813 62,502 59,820
Net realized and unrealized gain (loss) on investment transactions:        
Foreign currency and other transactions (688) 4 (685) 5
Net realized gain (loss) (11,991) 39 (28,771) (3,620)
Translation of assets and liabilities in foreign currencies (51) 82 (82) 111
Net change in unrealized appreciation (depreciation) (2,606) (8,643) (11,233) (14,499)
Net realized and unrealized gain (loss) (14,597) (8,604) (40,004) (18,119)
Net increase (decrease) in members' capital resulting from operations $ 18,042 $ 21,209 $ 22,498 $ 41,701
Earnings (loss) per unit - basic (in dollars per unit) $ 0.27 $ 0.36 $ 0.35 $ 0.73
Earnings (loss) per unit - diluted (in dollars per unit) $ 0.27 $ 0.36 $ 0.35 $ 0.73
Weighted average units outstanding - basic (in units) 66,499,132 58,344,941 64,896,931 57,507,068
Weighted average units outstanding - diluted (in units) 66,499,132 58,344,941 64,896,931 57,507,068
Investment, Unaffiliated Issuer        
Investment Income:        
Interest income $ 49,047 $ 50,472 $ 97,726 $ 99,435
Payment-in-kind income 2,310 2,162 4,170 6,005
Dividend income 1,172 407 1,714 796
Other income 770 597 1,373 1,478
Net realized and unrealized gain (loss) on investment transactions:        
Net Realized Gain (Loss) (11,303) 35 (28,086) (3,625)
Investments (1,694) (8,719) (8,396) (14,722)
Investment, Affiliated Issuer, Noncontrolled        
Investment Income:        
Interest income 376 101 476 174
Payment-in-kind income 180 238 330 278
Dividend income 76 0 76 0
Other income 16 7 23 9
Net realized and unrealized gain (loss) on investment transactions:        
Net Realized Gain (Loss)     0  
Investments $ (861) $ (6) $ (2,755) $ 112