Statements of Assets, Liabilities and Members' Capital - USD ($) $ in Thousands	Sep. 30, 2025		Dec. 31, 2024
Assets
Non-controlled/non-affiliated investments at fair value (cost of $433,646 and $375,695, respectively)	$ 432,413	[1]	$ 377,794	[2]
Cash and cash equivalents	15,011		19,551
Interest and dividend receivable	3,047		2,446
Other assets	1,297		121
Total assets	451,768		399,912
Borrowings
Deferred financing costs (net of accumulated amortization of $416 and $334, respectively)	(2)		(88)
Net borrowings	12,498		57,912
Distribution payable	8,186		0
Payable for unsettled securities purchased	5,098		4,837
Income based incentive fee payable	932		777
Management fee payable	818		705
Interest payable	282		390
Accrued capital gains incentive fee	0		142
Total liabilities	28,436		65,570
Commitments and contingencies (See Note 8)
Members' Capital
Common units, $42,529,615 and $33,306,325 units issued and outstanding, respectively	424,806		332,573
Accumulated underdistributed (overdistributed) earnings	(1,474)		1,769
Total members' capital	423,332		334,342
Total liabilities and members' capital	$ 451,768		$ 399,912
Members' capital per unit (in dollars per share)	$ 9.95		$ 10.04
Payable to affiliate
Borrowings
Payable to affiliates/ Other liabilities	$ 96		$ 305
Nonrelated Party
Borrowings
Payable to affiliates/ Other liabilities	526		502
BMO Subscription Line
Borrowings
BMO Subscription Line	$ 12,500		$ 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.