Phillip Street Middle Market Lending Fund LLC (the “Company”) is a Delaware limited liability company formed on July 13, 2022. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition, the Company intends to elect to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with its taxable year ended December 31, 2022. The Company commenced operations on October 6, 2022. On November 2, 2022, the Company's initial investors (other than the Initial Member (as defined below)) funded the initial portion of their capital commitment to purchase units of the Company’s limited liability interest (“Units”).
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Phillip Street Middle Market Lending Investments LLC ...
Latest filings (excl ownership)
10-K
2023 FY
Annual report
5 Mar 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Unregistered Sales of Equity Securities
20 Oct 23
8-K
Departure of Directors or Certain Officers
26 Sep 23
8-K
Departure of Directors or Certain Officers
13 Sep 23
8-K
Unregistered Sales of Equity Securities
7 Sep 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
Departure of Directors or Certain Officers
23 May 23
10-Q
2023 Q1
Quarterly report
9 May 23
10-K
2022 FY
Annual report
2 Mar 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 32.55 mm | 32.55 mm | 32.55 mm | 32.55 mm | 32.55 mm | 32.55 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.35 mm | 834.33 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 9.84 mm | 6.09 mm | n/a | n/a |
Cash remaining | n/a | n/a | 22.71 mm | 26.46 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 16.9 | 31.7 | n/a | n/a |