Consolidated Statements of Assets, Liabilities and Members' Capital - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Non-controlled/non-affiliated investments at fair value (cost of $569,247 and $123,436, respectively)	$ 580,466	$ 123,211	[1]
Cash and cash equivalents	7,222	5,793
Interest and dividend receivable	5,290	826
Other assets	75	130
Total assets	593,053	129,960
Borrowings
Deferred financing costs (net of accumulated amortization of $413 and $11, respectively)	(1,484)	(24)
Net borrowings	309,316	53,676
Interest payable	2,133	363
Income based incentive fee payable	1,519	208
Capital gains incentive fee payable	1,344	0
Management fee payable	943	111
Distribution payable	0	1,336
Total liabilities	316,480	56,443
Commitments and contingencies (See Note 8)
Members' Capital
Common units, 26,941,956 and 7,525,831 units issued and outstanding, respectively	266,112	74,684
Accumulated underdistributed (overdistributed) earnings	10,461	(1,167)
Total members' capital	276,573	73,517	[2]
Total liabilities and members' capital	$ 593,053	$ 129,960
Common units, units outstanding (in shares)	26,941,956	7,525,831
Members' capital per unit (in dollars per share)	$ 10.27	$ 9.77
UBS Credit Facility
Borrowings
Credit Facility/ Subscription Line	$ 250,000	$ 0
BMO Subscription Line
Borrowings
Credit Facility/ Subscription Line	60,800	53,700
Affiliates
Borrowings
Payable to affiliates/ Other liabilities	230	167
Nonrelated Party
Borrowings
Payable to affiliates/ Other liabilities	$ 995	$ 582

[1] New Mountain Guardian IV BDC, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act.

[2] For the year ended December 31, 2022, amounts represent the period from May 9, 2022 (commencement of operations) to December 31, 2022.