Statements of Assets, Liabilities and Members' Capital - USD ($) $ in Thousands	Jun. 30, 2025		Dec. 31, 2024
Assets
Non-controlled/non-affiliated investments at fair value (cost of $409,756 and $375,695, respectively)	$ 409,415	[1]	$ 377,794	[2]
Cash and cash equivalents	8,219		19,551
Interest and dividend receivable	2,792		2,446
Other assets	4,296		121
Total assets	424,722		399,912
Borrowings
Deferred financing costs (net of accumulated amortization of $416 and $334, respectively)	(3)		(88)
Net borrowings	17,997		57,912
Payable for unsettled securities purchased	13,562		4,837
Distribution payable	7,527		0
Income based incentive fee payable	843		777
Management fee payable	750		705
Interest payable	355		390
Accrued capital gains incentive fee	0		142
Total liabilities	41,674		65,570
Commitments and contingencies (See Note 8)
Members' Capital
Common units, $38,430,375 and $33,306,325 units issued and outstanding, respectively	383,813		332,573
Accumulated underdistributed earnings	(765)		1,769
Total members' capital	383,048		334,342
Total liabilities and members' capital	$ 424,722		$ 399,912
Members' capital per unit (in dollars per share)	$ 9.97		$ 10.04
Cost	$ 409,756	[1]	$ 375,695	[2]
Payable to affiliate
Borrowings
Payable to affiliates/ Other liabilities	135		305
Nonrelated Party
Borrowings
Payable to affiliates/ Other liabilities	505		502
BMO Subscription Line
Borrowings
BMO Subscription Line	$ 18,000		$ 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.