v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Investments, at fair value    
Fair Value $ 178,346,020 [1] $ 263,724,095 [2]
Cash and cash equivalents 5,937,000 20,992,000
Short-term investments 246,922,986 395,456,667
Interest income receivable 1,798,000 608,000
Deferred financing costs 3,000 3,000
Prepaid and other assets 0 46,000
Total Assets 433,007,000 680,830,000
Liabilities    
Payable for short-term investments purchased 246,923,000 395,457,000
Interest and credit facility expense payable 124,000 385,000
Directors' fees payable 117,000 0
Credit facility payable 0 51,550,000
Other accrued expenses and other liabilities 324,000 455,000
Total Liabilities 247,488,000 447,847,000
Commitments and Contingencies (Note 5)
Members’ Capital    
Common Unitholders' commitment: (18,034,649 units issued and outstanding) 1,803,465,000 1,803,465,000
Common Unitholders' undrawn commitment: (18,034,649 units issued and outstanding) (199,120,000) (199,120,000)
Common Unitholders' return of capital (1,130,202,000) (1,117,902,000)
Common Unitholders' offering costs (853,000) (853,000)
Accumulated Common Unitholders' tax reclassification (13,904,000) (13,904,000)
Common Unitholders’ capital 459,386,000 471,686,000
Accumulated overdistributed earnings (273,867,000) (238,703,000)
Total Members’ Capital 185,519,000 [3] 232,983,000
Total Liabilities and Members’ Capital $ 433,007,000 $ 680,830,000
Net Asset Value Per Unit (accrual base) (Note 12) [3],[4] $ 21.33 $ 23.96
Controlled Affiliated Investments    
Investments, at fair value    
Fair Value $ 178,346,021 $ 236,578,820
Non-Controlled/Non-Affiliated Investments    
Investments, at fair value    
Fair Value $ 0 $ 27,145,000
[1] 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] Per unit data was calculated using the number of Common Units issued and outstanding as of June 30, 2026 and 2025.
[4] 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.