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Financial Highlights
 9 Months Ended
Sep. 30, 2024
Investment Company [Abstract]  
Financial Highlights Financial Highlights
The following information sets forth the Company's financial highlights for the nine months ended September 30, 2024 and September 30, 2023.
 Nine Months Ended
 September 30, 2024September 30, 2023
Per unit data(1):  
Members' capital, December 31, 2023 and December 31, 2022, respectively$10.27 $9.77 
Net investment income (loss)1.01 0.83 
Net realized and unrealized gains (losses)(2)(0.11)0.54 
Total net increase (decrease)0.90 1.37 
Distributions declared to unitholders from net investment income(1.04)(0.91)
Members' capital, September 30, 2024 and September 30, 2023, respectively$10.13 $10.23 
Total return based on members' capital(3)9.02 %14.43 %
Units outstanding at end of period66,479,611 23,525,081 
Average weighted units outstanding for the period37,946,534 9,928,134 
Average members' capital for the period$388,254 $98,831 
Ratio to average members' capital:
Net investment income(4)13.20 %11.48 %
Total expenses, before waivers(4)14.76 %18.87 %
Total expenses, net of waivers(4)14.52 %18.20 %
Average debt outstanding—Wells Credit Facility(5)$218,114 N/A
Average debt outstanding—BMO Subscription Line98,529 $58,655 
Average debt outstanding—UBS Credit Facility(6)248,364 71,530 
Asset coverage ratio197.65 %292.49 %
Portfolio turnover16.48 %0.95 %
Capital Commitments$1,207,896 $670,850 
Funded Capital Commitments$664,343 $234,798 
% of Capital Commitments funded55.00 %35.00 %
(1)Per unit data is based on weighted average units outstanding for the respective period (except for distributions declared to unitholders, which are based on actual rate per unit).
(2)The total amount shown may not correspond with the aggregate amount for the period, as it includes the effect of the timing of capital transactions which, for the nine months ended September 30, 2024 and September 30, 2023, was $(0.14) and $(0.26), respectively.
(3)Total return is calculated assuming a purchase price at members' capital per Unit on the first day of the year and a sale at members' capital per Unit on the last day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at members' capital per Unit on the last day of the respective quarter. Total return calculation is not annualized.
(4)Annualized, except organizational and offering costs.
(5)For the nine months ended September 30, 2024, average debt outstanding represents the period from May 23, 2024 (commencement of the Wells Credit Facility) to September 30, 2024.
(6)For the nine months ended September 30, 2023, average debt outstanding represents the period from January 25, 2023 (commencement of the UBS Credit Facility) to September 30, 2023.