v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash Flows from Operating Activities      
Net increase in net assets resulting from operations $ 15,356 $ 5,410  
Adjustments to reconcile the net increase in net assets resulting from operations to net cash used in operating activities:      
Purchases of investments (44,882) (63,018)  
Interest income paid in-kind (1,499) (1,019)  
Proceeds from sales and paydowns of investments 37,372 13,805  
Realized (gain) loss on investments (204) 10  
Change in net unrealized (appreciation)/depreciation on investments (5,987) 3,386  
Amortization of premium and accretion of discount, net (1,067) (611)  
Increase (decrease) in operating assets and liabilities:      
(Increase) decrease in interest income receivable (43) (340)  
(Increase) decrease in due from related party (75) 0  
(Increase) decrease in receivable for investments sold (181) (6)  
(Increase) decrease in prepaid expenses and other assets 33 25  
Increase (decrease) in incentive fees payable 2,710 954  
Increase (decrease) in management fees payable 48 163  
Increase (decrease) in administration fee payable (219) 220  
Increase (decrease) in other accrued expenses and other liabilities 147 (354)  
Net cash provided by (used in) operating activities 1,509 (41,375)  
Cash Flows from Financing Activities      
Contributions from Members 7,000 54,500  
Distributions to Members (10,000) (10,000)  
Proceeds from repurchase obligation 38,966 46,402  
Repayment of repurchase obligation (38,439) (52,994)  
Net cash (used in) provided by financing activities (2,473) 37,908  
Net decrease in cash and cash equivalents (964) (3,467)  
Cash and cash equivalents, beginning of period 6,127 9,643 $ 9,643
Cash and cash equivalents, end of period 5,163 6,176 $ 6,127
Supplemental and non-cash financing activities      
Non-cash purchases of investments due to reorganization 4,237 0  
Non-cash sales of investments due to reorganization (4,237) 0  
Interest expense paid $ 251 $ 488