XML 85 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 22,923,000 $ 6,151,000 $ 41,359,000 $ 10,503,000
PIK interest income 1,279,000 206,000 2,362,000 299,000
Dividend income 37,000 24,000 75,000 49,000
Fee income 2,107,000 255,000 3,698,000 1,054,000
Total investment income 26,346,000 6,636,000 47,494,000 11,905,000
Expenses        
Interest and other financing expenses 8,615,000 2,789,000 15,982,000 4,725,000
Income based incentive fee 2,324,000 411,000 4,099,000 780,000
Management fee 1,370,000 442,000 2,531,000 814,000
Administrative expenses 450,000 316,000 845,000 563,000
Professional fees 305,000 230,000 618,000 417,000
Capital gains incentive fee (212,000) 0 320,000 0
Organizational and offering expenses 80,000 217,000 153,000 418,000
Other general and administrative expenses 64,000 104,000 111,000 154,000
Total expenses 12,996,000 4,509,000 24,659,000 7,871,000
Less: management fees waived (See Note 5) (33,000) (95,000) (78,000) (281,000)
Less: expenses waived (See Note 5) 0 (106,000) 0 (106,000)
Net expenses 12,963,000 4,308,000 24,581,000 7,484,000
Net investment income (loss) 13,383,000 2,328,000 22,913,000 4,421,000
Net realized gains (losses) on investments 19,000 0 (20,000) 0
Net change in unrealized appreciation (depreciation) of investments (1,219,000) 2,153,000 2,142,000 3,443,000
Net realized and unrealized gains (losses) (1,200,000) 2,153,000 2,122,000 3,443,000
Net increase (decrease) in members' capital resulting from operations $ 12,183,000 $ 4,481,000 $ 25,035,000 $ 7,864,000
Earnings (loss) per unit - basic (in dollars per share) $ 0.33 $ 0.53 $ 0.78 $ 0.97
Earnings (loss) per unit - diluted (in dollars per share) $ 0.33 $ 0.53 $ 0.78 $ 0.97
Weighted average common units outstanding - basic (in shares) 36,999,211 8,508,331 32,185,716 8,144,643
Weighted average common units outstanding - diluted (in shares) 36,999,211 8,508,331 32,185,716 8,144,643