Statements of Assets, Liabilities and Members' Capital - USD ($) $ in Thousands	Mar. 31, 2025		Dec. 31, 2024
Assets
Non-controlled/non-affiliated investments at fair value (cost of $389,132 and $375,695, respectively)	$ 390,388	[1]	$ 377,794	[2]
Cash and cash equivalents	5,786		19,551
Interest and dividend receivable	2,596		2,446
Other assets	296		121
Total assets	399,066		399,912
Borrowings
Deferred financing costs (net of accumulated amortization of $416 and $334, respectively)	(5)		(88)
Net borrowings	53,995		57,912
Distribution payable	7,394		0
Payable for unsettled securities purchased	1,779		4,837
Income based incentive fee payable	792		777
Management fee payable	726		705
Interest payable	339		390
Accrued capital gains incentive fee	30		142
Accrued organizational and offering expenses	8		0
Total liabilities	65,729		65,570
Commitments and contingencies (See Note 8)
Members' Capital
Common units, $33,306,325 and $33,306,325 units issued and outstanding, respectively	332,573		332,573
Accumulated underdistributed earnings	764		1,769
Total members' capital	333,337		334,342
Total liabilities and members' capital	$ 399,066		$ 399,912
Members' capital per unit (in dollars per share)	$ 10.01		$ 10.04
Cost	$ 389,132	[1]	$ 375,695	[2]
Payable to affiliate
Borrowings
Payable to affiliates/ Other liabilities	107		305
Nonrelated Party
Borrowings
Payable to affiliates/ Other liabilities	559		502
BMO Subscription Line
Borrowings
BMO Subscription Line	$ 54,000		$ 58,000

[1] New Mountain Guardian IV Income Fund, 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] New Mountain Guardian IV Income Fund, 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.