v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Assets    
Investments at fair value $ 658,970,762 [1] $ 1,209,788,377 [2]
Cash and cash equivalents 28,455,000 52,311,000
Interfund receivable for investments transferred 12,003,000 0
Interfund receivable for cash transferred 5,433,000 0
Interest income receivable 3,242,000 4,870,000
Receivable for investment sold 719,000 155,000
Due from adviser 0 106,000
Deferred financing costs 1,102,000 595,000
Prepaid and other assets 448,000 75,000
Total Assets 710,373,000 1,267,900,000
Liabilities    
Incentive fee payable 25,568,000 37,358,000
Interfund payable for cash transferred 14,768,000 0
Interfund payable for investments transferred 5,846,000 0
Interest and credit facility expense payable 3,166,000 4,289,000
Management fees payable 2,101,000 3,859,000
Unrealized depreciation on unfunded commitments 253,000 1,006,000
Directors’ fees payable 101,000 0
Other accrued expenses and other liabilities 528,000 1,151,000
Total Liabilities 208,378,000 448,800,000
Commitments and Contingencies (Note 5)
Members’ Capital    
Common Unitholders' commitment: (6,310,260 and 12,745,660 units issued and outstanding, respectively) 631,026,000 1,274,566,000
Common Unitholders' undrawn commitment: (6,310,260 and 12,745,660 units issued and outstanding, respectively) (120,865,000) (384,504,000)
Common Unitholders' return of capital (4,817,000) (9,729,000)
Common Unitholders’ offering costs (172,000) (347,000)
Common Unitholders’ capital 505,172,000 879,986,000
Accumulated overdistributed earnings (3,177,000) (60,886,000)
Total Members’ Capital 501,995,000 819,100,000
Total Liabilities and Members’ Capital $ 710,373,000 $ 1,267,900,000
Net Asset Value Per Unit (accrual base) (Note 10) [3] $ 98.71 $ 94.43
Non-controlled affiliated investments    
Assets    
Investments at fair value $ 72,735,079 $ 97,019,579
Non-controlled/non-affiliated investments    
Assets    
Investments at fair value 586,236,000 1,209,788,000
Non-controlled/affiliated    
Assets    
Investments at fair value 72,735,000  
Term Loan    
Liabilities    
Revolving credit facilities payable and term loan 148,898,000 324,437,000
Revolving Credit Facilities    
Liabilities    
Revolving credit facilities payable and term loan $ 7,149,000 $ 76,700,000
[1] Except for the Level 1 investment, the fair value of each debt and equity investment was determined using significant unobservable inputs and such investments are considered to be Level 3 within the Fair Value Hierarchy. See Note 3 “Investment Valuations and Fair Value Measurements.”
[2] The fair value of each debt and equity investment was determined using significant unobservable inputs and such investments are considered to be Level 3 within the Fair Value Hierarchy. See Note 3 “Investment Valuations and Fair Value Measurements.”
[3] Net Asset Value Per Unit (accrual base) equates to the aggregate of the Total Members' Capital and Common Unitholders' undrawn commitment divided by total Common units outstanding.