v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities    
Net increase/(decrease) in net assets resulting from operations $ 72,951,000 $ 84,455,000
Adjustments to reconcile net increase/(decrease) in net assets resulting from operations to net cash used in operating activities:    
Net change in unrealized (appreciation) depreciation on investments (101,851,000) [1] (113,717,000) [2]
Net realized (gain) loss on investments 0 0
Issuance of Class E units for Directors' fees and expenses 75,000 60,000
Deferred offering costs amortization 374,000 0
Deferred financing cost amortization 680,000 0
Purchases of investments (598,908,000) (673,417,000)
Proceeds from sales of investments 0 0
Capital issued as payment of performance participation allocation 27,703,000 0
Changes in operating assets and liabilities:    
Due from affiliate (452,000) (80,000)
Interest receivable 534,000 (843,000)
Due to Manager 7,696,000 17,070,000
Deferred offering costs 0 (750,000)
Accrued performance participation allocation (14,580,000) 17,407,000
Management fee payable 874,000 0
Other accrued expenses and liabilities 254,000 0
Net cash used in operating activities (604,650,000) (669,815,000)
Financing Activities    
Proceeds from issuance of units 477,491,000 874,931,000
Proceeds from line of credit 145,000,000 0
Repayment of line of credit (105,000,000) 0
Issuance costs on line of credit (3,496,000) 0
Payment on units repurchased (75,612,000) (100,000)
Receipt of early repurchase deduction 3,817,000 0
Payment of servicing fees (3,097,000) (448,000)
Net cash used in financing activities 439,103,000 874,383,000
Cash and Cash Equivalents    
Net increase /(decrease) in cash and cash equivalents (165,547,000) 204,568,000
Cash and cash equivalents, beginning of period 369,333,000 100,000
Cash and cash equivalents, end of period 203,786,000 204,668,000
Supplemental Disclosure of Non-Cash Financing Activities:    
Servicing fees (4,859,000) 14,268,000
Supplemental Disclosure of Other Cash Flow Information    
Cash paid for interest $ 2,448,000 $ 0
[1] Included in the related Net change in unrealized appreciation (depreciation) in the Consolidated Statements of Operations.
[2] Included in the related Net change in unrealized appreciation (depreciation) in the Consolidated Statements of Operations.