For the Nine Months Ended

September 30, 2025

September 30, 2024

Per Unit Data:(1)

NAV, beginning of period

$

23.49

$

37.92

Net investment income

1.72

3.10

Net realized and unrealized gains (losses)(2)

(0.19

)

(4.83

)

(Provision) benefit for taxes on realized and unrealized gains (losses) on investments

—

(0.02

)

Net increase (decrease) in Members' Capital from operations(2)

1.53

(1.75

)

Distributions recorded:

From return of capital

(3.08

)

(9.05

)

From net investment income

(1.02

)

(2.06

)

Total distributions recorded

(4.10

)

(11.11

)

Total increase (decrease) in Members' Capital

(2.57

)

(12.86

)

NAV, end of period

$

20.92

$

25.06

Units outstanding, end of period

14,884,897

10,687,877

Weighted average units outstanding

14,884,897

10,687,877

Total return based on NAV(3)

6.51

%

(4.61

)%

Supplemental Data/Ratio(4):

Members’ Capital, end of period

$

311,377

$

267,825

Ratio of expenses (without incentive fees and interest and other debt expenses) to average Members’ Capital

1.59

%

2.52

%

Ratio of interest and other debt expenses to average Members’ Capital

4.92

%

0.62

%

Ratio of incentive fees to average Members’ Capital

0.72

%

(0.89

)%

Ratio of total expenses to average Members’ Capital

7.23

%

2.25

%

Ratio of net investment income to average Members’ Capital

10.52

%

11.59

%

Portfolio turnover

11

%

2

%