Greenbacker Renewable Energy 10-Q 12 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 05, 2017
Document And Entity Information
Entity Registrant Name	Greenbacker Renewable Energy Co LLC
Entity Central Index Key	1,563,922
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		17,478,305
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

CONSOLIDATED STATEMENTS OF ASSE

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (unaudited) - USD ($)		Mar. 31, 2017		Dec. 31, 2016
ASSETS
Investments, at fair value (cost of $130,493,335 and $115,124,750, respectively)		$ 130,383,441		$ 115,123,101
Cash and cash equivalents		12,767,178		13,055,090
Shareholder receivable		202,728		521,954
Deferred tax assets, net of allowance		6,407,401		6,179,394
Other assets		166,949		155,741
Total assets		149,927,697		135,035,280
LIABILITIES
Term note payable, net of financing costs		3,248,288		3,270,399
Management fee payable		247,505		232,856
Accounts payable and accrued expenses		504,471		423,639
Shareholder distributions payable		482,113		403,983
Due to advisor		72,765		99,782
Due to dealer manager				36,694
Payable for repurchases of common stock		1,047,579		945,770
Deferred sales commission payable		191,313		203,357
Total liabilities		5,794,034		5,616,480
Commitments and contingencies
MEMBERS' EQUITY (NET ASSETS)
Preferred stock, par value, $.001 per share, 50,000,000 authorized; none issued and outstanding
Common stock, par value, $.001 per share, 350,000,000 authorized; 16,709,590 and 14,921,922 shares issued and outstanding, respectively		16,710		14,922
Paid-in capital in excess of par value		144,440,385		128,425,800
Accumulated deficit		(4,469,719)		(3,538,523)
Accumulated net realized gain on investments		4,578		4,578
Accumulated unrealized appreciation on investments and foreign currency translation, net of deferred taxes		4,141,709		4,511,437
Total common stockholders' equity		144,133,663	[1]	129,418,214
Special unitholder's equity				586
Total members' equity (net assets)		144,133,663		129,418,800
Total liabilities and equity (net assets)		149,927,697		135,035,280
Total common stockholders' equity		144,133,663	[1]	129,418,214
Common Class A [Member]
MEMBERS' EQUITY (NET ASSETS)
Total common stockholders' equity	[2]	101,548,859
Net assets		101,548,859		94,541,760
Total common stockholders' equity	[2]	101,548,859
Common Class C [Member]
MEMBERS' EQUITY (NET ASSETS)
Total common stockholders' equity	[2]	9,325,052
Net assets		9,325,052		8,796,002
Total common stockholders' equity	[2]	9,325,052
Common Class I [Member]
MEMBERS' EQUITY (NET ASSETS)
Total common stockholders' equity	[2]	26,128,016
Net assets		26,128,016		23,938,449
Total common stockholders' equity	[2]	26,128,016
Common Class P-A [Member]
MEMBERS' EQUITY (NET ASSETS)
Total common stockholders' equity	[2]	440,762
Net assets		440,762		414,145
Total common stockholders' equity	[2]	440,762
Common Class P-I [Member]
MEMBERS' EQUITY (NET ASSETS)
Total common stockholders' equity	[2]	6,690,974
Net assets		6,690,974		$ 1,727,858
Total common stockholders' equity	[2]	$ 6,690,974
[1]	Includes purchases of new investments, capitalized deal costs, effects of purchase price adjustments, return of capital and additional investments in existing investments, if any.
[2]	The per share data for Class A, C, I, P-A and P-I Shares were derived by using the weighted average shares outstanding during the three months ended March 31, 2017, which were 11,416,732, 1,074,545, 2,876,451, 48,667 and 436,098, respectively.

CONSOLIDATED STATEMENTS OF ASS3

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (unaudited) (Parenthetical) - USD ($)	Mar. 31, 2017		Dec. 31, 2016
Investments at fair value, cost	$ 130,493,335		$ 115,124,750
Preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Preferred stock, authorized	50,000,000		50,000,000
Preferred stock, issued	0		0
Preferred stock, outstanding	0		0
Common stock, par value (in dollars per share)	$ 0.001		$ 0.001
Common stock, authorized	350,000,000		350,000,000
Common stock, issued	16,709,590		14,921,922
Common stock, outstanding	16,709,590		14,921,922
Common Class A [Member]
Common stock, outstanding	11,754,593	[1]	10,878,502
Common Class C [Member]
Common stock, outstanding	1,109,924	[1]	1,041,836
Common Class I [Member]
Common stock, outstanding	3,024,399	[1]	2,754,491
Common Class P-A [Member]
Common stock, outstanding	50,866	[1]	47,774
Common Class P-I [Member]
Common stock, outstanding	769,808	[1]	199,319
[1]	The per share data for Class A, C, I, P-A and P-I Shares were derived by using the weighted average shares outstanding during the three months ended March 31, 2017, which were 11,416,732, 1,074,545, 2,876,451, 48,667 and 436,098, respectively.

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Investment income:
Dividend income	$ 2,322,730	$ 646,985
Interest income	44,169	9,581
Total investment income	2,366,899	656,566
Operating expenses:
Management fee expense	697,146	330,715
Audit and tax expense	195,320	93,484
Interest and financing expenses	124,931
General and administration expenses	175,852	93,105
Legal expenses	80,840	66,542
Directors fees and expenses	25,552	24,117
Insurance expense	2,429	20,309
Organizational expenses		35,188
Other expenses	62,273	14,317
Operating expenses before expense waiver and reimbursement	1,364,343	677,777
Expense reimbursement to advisor		178,890
Total expenses, net of expense waiver and reimbursement	1,364,343	856,667
Net investment income (loss) before taxes	1,002,556	(200,101)
Deferred tax benefit	490,072	280,665
Franchise tax expense	(42,250)	(57,432)
Net investment income	1,450,378	23,132
Net change in realized and unrealized gain (loss) on investments, foreign currency translation and deferred tax assets:
Net change in unrealized depreciation on investments	(121,178)	(533,730)
Net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies	12,933	(100,317)
Change in benefit from deferred taxes on unrealized appreciation (depreciation) on investments	(262,069)	1,885,335
Net increase in net assets resulting from operations	1,080,064	1,274,420
Net increase in net assets attributed to special unitholder	586	126,809
Net increase in net assets attributed to common stockholders	$ 1,080,650	$ 1,401,229
Common stock per share information - basic and diluted:
Net investment income (in dollars per share)	$ 0.09	$ 0	[1],[2]
Net increase in net assets attributed to common stockholders (in dollars per share)	$ 0.07	$ 0.18
Weighted average common shares outstanding (in shares)	15,849,356	7,865,104
[1]	Does not reflect any incentive fees that may be payable to the Special Unitholder.
[2]	The per share data was derived by using the weighted average shares outstanding during the three months ended March 31, 2016, which was 7,865,104.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Common Stockholders [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances at beginning	$ 14,922	$ 6,722	$ 6,722
Balances at beginning (in shares)	14,921,922	6,721,967	6,721,967
Proceeds from issuance of common stock, net	$ 1,787	$ 2,422
Proceeds from issuance of common stock, net (in shares)	1,786,877	2,422,281
Issuance of common stock under distribution reinvestment plan	$ 114	$ 67
Issuance of common stock under distribution reinvestment plan (in shares)	114,325	66,501
Repurchases of common stock	$ (113)	$ (6)
Repurchases of common stock (in shares)	(113,534)	(5,699)
Offering costs
Shareholder distributions
Net investment income
Net unrealized depreciation/appreciation on investments
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies
Change in benefit from deferred taxes on unrealized appreciation on investments
Balances at end	$ 16,710	$ 9,205	$ 14,922
Balances at end (in shares)	16,709,590	9,205,050	14,921,922
Paid-in capital in excess of par value [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances at beginning	$ 128,425,800	$ 57,713,925	$ 57,713,925
Proceeds from issuance of common stock, net	16,281,556	21,886,410
Issuance of common stock under distribution reinvestment plan	1,054,391	602,535
Repurchases of common stock	(1,047,466)	(51,673)
Offering costs	(273,896)	(1,264,260)
Shareholder distributions
Net investment income
Net unrealized depreciation/appreciation on investments
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies
Change in benefit from deferred taxes on unrealized appreciation on investments
Balances at end	144,440,385	78,886,937	128,425,800
Capital contribution from advisor [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances at beginning
Proceeds from issuance of common stock, net
Issuance of common stock under distribution reinvestment plan
Repurchases of common stock
Offering costs
Shareholder distributions
Net investment income
Net unrealized depreciation/appreciation on investments
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies
Change in benefit from deferred taxes on unrealized appreciation on investments
Balances at end
Accumulated deficit [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances at beginning	(3,538,523)	(1,591,014)	(1,591,014)
Proceeds from issuance of common stock, net
Issuance of common stock under distribution reinvestment plan
Repurchases of common stock
Offering costs
Shareholder distributions	(2,381,574)	(1,177,925)
Net investment income	1,450,378	23,132
Net unrealized depreciation/appreciation on investments
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies
Change in benefit from deferred taxes on unrealized appreciation on investments
Balances at end	(4,469,719)	(2,745,807)	(3,538,523)
Accumulated net realized gain on investments [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances at beginning	4,578
Proceeds from issuance of common stock, net
Issuance of common stock under distribution reinvestment plan
Repurchases of common stock
Offering costs
Shareholder distributions
Net investment income
Net unrealized depreciation/appreciation on investments
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies
Change in benefit from deferred taxes on unrealized appreciation on investments
Balances at end	4,578		4,578
Accumulated unrealized appreciation on investments and foreign currency translation, net of deferred taxes [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances at beginning	4,511,437	1,272,186	1,272,186
Proceeds from issuance of common stock, net
Issuance of common stock under distribution reinvestment plan
Repurchases of common stock
Offering costs
Shareholder distributions
Net investment income
Net unrealized depreciation/appreciation on investments	(120,592)	(406,921)
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies	12,933	(100,317)
Change in benefit from deferred taxes on unrealized appreciation on investments	(262,069)	1,885,335
Balances at end	4,141,709	2,650,283	4,511,437
Common stockholders' equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances at beginning	129,418,214	57,401,819	57,401,819
Proceeds from issuance of common stock, net	16,283,343	21,888,832
Issuance of common stock under distribution reinvestment plan	1,054,505	602,602
Repurchases of common stock	(1,047,579)	(51,679)
Offering costs	(273,896)	(1,264,260)
Shareholder distributions	(2,381,574)	(1,177,925)
Net investment income	1,450,378	23,132
Net unrealized depreciation/appreciation on investments	(120,592)	(406,921)
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies	12,933	(100,317)
Change in benefit from deferred taxes on unrealized appreciation on investments	(262,069)	1,885,335
Balances at end	144,133,663	78,800,618	129,418,214
Special unitholder's equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances at beginning	586	286,259	286,259
Proceeds from issuance of common stock, net
Issuance of common stock under distribution reinvestment plan
Repurchases of common stock
Offering costs
Shareholder distributions
Net investment income
Net unrealized depreciation/appreciation on investments	(586)	(126,809)
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies
Change in benefit from deferred taxes on unrealized appreciation on investments
Balances at end		159,450	586
Balances at beginning	129,418,800	57,688,078	$ 57,688,078
Proceeds from issuance of common stock, net	$ 16,283,343	21,888,832
Proceeds from issuance of common stock, net (in shares)	1,901,202		8,486,610
Issuance of common stock under distribution reinvestment plan	$ 1,054,505	602,602
Repurchases of common stock	$ (1,047,579)	(51,679)
Repurchases of common stock (in shares)	(113,534)		(286,655)
Offering costs	$ (273,896)	(1,264,260)
Shareholder distributions	(2,381,574)	(1,177,925)
Net investment income	1,450,378	23,132
Net unrealized depreciation/appreciation on investments	(121,178)	(533,730)
Net change in unrealized appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies	12,933	(100,317)
Change in benefit from deferred taxes on unrealized appreciation on investments	(262,069)	1,885,335
Balances at end	$ 144,133,663	$ 78,960,068	$ 129,418,800

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating activities:
Net increase in net assets from operations	$ 1,080,064	$ 1,274,420
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:
Amortization of deferred financing costs	49,555
Purchase of investments	(15,383,585)	(5,165,000)
Proceeds from principal payments and sales of investments	15,000
Net change in unrealized appreciation on investments	121,178	533,730
Net change in unrealized depreciation on translation of assets and liabilities denominated in foreign currencies	(12,933)	100,317
(Increase) decrease in other assets:
Due from advisor, net		26,636
Deferred tax assets, net of allowance	(228,007)	(2,166,000)
Other assets	(11,208)	14,252
Increase (decrease) in other liabilities:
Due to advisor, net	(27,017)	27,849
Management fee payable	14,649	31,970
Accounts payable and accrued expenses	80,833	(29,323)
Directors fees payable		(46)
Net cash used in operating activities	(14,301,471)	(5,351,195)
Financing activities:
Paydowns on Credit facility and term note	(71,666)
Proceeds from issuance of shares of common stock, net	16,590,529	21,493,651
Distributions paid	(1,248,944)	(511,220)
Offering costs	(273,896)	(1,264,260)
Repurchases of common stock	(945,770)
Due to dealer manager re: Offering costs	(36,694)	515,558
Net cash provided by financing activities	14,013,559	20,233,729
Net increase (decrease) in cash and cash equivalents	(287,912)	14,882,534
Cash and cash equivalents, beginning of period	13,055,090	5,889,030
Cash and cash equivalents, end of period	12,767,178	20,771,564
Supplemental disclosure of cash flow information:
Shareholder distributions payable	482,113	221,088
Shareholder distributions reinvested in common stock	1,054,505	602,602
Payable for repurchases of common stock	1,047,579	51,679
Non cash financing activities
Shareholder receivable from sale of common stock	$ 202,728	$ 585,903

CONSOLIDATED SCHEDULE OF INVEST

CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - USD ($)		Mar. 31, 2017		Dec. 31, 2016
Shares or Principal Amount		9.70%
Cost		$ 130,493,335		$ 115,124,750
Fair Value		$ 130,383,441		$ 115,123,101
Percentage of Net Assets		100.00%		100.00%
OTHER ASSETS IN EXCESS OF LIABILITIES, Fair Value		$ 13,750,222		$ 14,295,699
OTHER ASSETS IN EXCESS OF LIABILITIES, Percentage of Net Assets		9.70%		11.00%
TOTAL NET ASSETS		$ 144,133,663		$ 129,418,800
Investment [Member]
Shares or Principal Amount		90.30%
Cost		$ 130,493,332		115,124,750
Fair Value		$ 130,383,441		$ 115,123,101
Percentage of Net Assets		90.30%		89.00%
Alternative Energy - Wind [Member]
Cost		$ 43,402,428		$ 42,277,428
Fair Value		$ 44,887,459		$ 43,643,215
Percentage of Net Assets		34.40%		37.90%
Total United States [Member]
Shares or Principal Amount		89.00%
Cost		$ 128,890,199		$ 113,521,614
Fair Value		$ 128,452,460		$ 113,307,932
Percentage of Net Assets		89.00%	[1]	87.60%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member]
Shares or Principal Amount		88.50%
Cost		$ 128,133,828		$ 112,750,243
Fair Value		$ 127,696,089		$ 112,536,561
Percentage of Net Assets		88.50%	[1]	87.00%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Solar [Member] | Sunny Mountain Portfolio [Member]
Shares or Principal Amount		100.00%		100.00%
Cost		$ 884,578		$ 884,578
Fair Value		$ 1,162,017		$ 1,175,952
Percentage of Net Assets		0.80%	[1]	0.90%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Solar [Member] | East To West Solar Portfolio [Member]
Shares or Principal Amount		100.00%		100.00%
Cost		$ 27,889,878		$ 23,256,875
Fair Value		$ 27,007,340		$ 21,943,079
Percentage of Net Assets		18.70%	[1]	17.00%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Solar [Member] | Green Maple Portfolio [Member]
Shares or Principal Amount		100.00%		100.00%
Cost		$ 12,985,000		$ 12,895,000
Fair Value		$ 11,426,550		$ 11,447,775
Percentage of Net Assets		7.90%	[1]	8.80%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Solar [Member] | Magnolia Sun Portfolio [Member]
Shares or Principal Amount		100.00%		100.00%
Cost		$ 10,775,000		$ 10,775,000
Fair Value		$ 10,106,332		$ 10,445,788
Percentage of Net Assets		7.00%	[1]	8.20%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Solar [Member] | Six States Solar Portfolio [Member]
Shares or Principal Amount		100.00%		100.00%
Cost		$ 2,350,000		$ 2,300,000
Fair Value		$ 2,778,677		$ 2,846,174
Percentage of Net Assets		1.90%	[1]	2.20%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Solar [Member] | Greenbacker Residential Solar Portfolio [Member]
Shares or Principal Amount		100.00%
Cost		$ 27,850,000		$ 19,850,000
Fair Value		$ 28,176,571		$ 20,487,901
Percentage of Net Assets		19.60%	[1]	15.80%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Solar [Member] | Enfinity Colorado DHA Portfolio [Member]
Shares or Principal Amount		100.00%
Cost		$ 1,500,000
Fair Value		$ 1,633,233
Percentage of Net Assets	[1]	1.10%
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Wind [Member] | Greenbacker Wind Portfolio [Member]
Shares or Principal Amount		100.00%		100.00%
Cost		$ 43,402,428		$ 42,277,428
Fair Value		$ 44,887,459		$ 43,643,215
Percentage of Net Assets		31.10%	[1]	33.70%	[2]
Total United States [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Energy Efficiency - Lighting Replacement [Member] | GREC Energy Efficiency Portfolio [Member]
Shares or Principal Amount		100.00%		100.00%
Cost		$ 496,944		$ 511,362
Fair Value		$ 517,910		$ 546,677
Percentage of Net Assets		0.40%	[1]	0.40%	[2]
Total United States [Member] | Energy Efficiency Secured Loans - Not Readily Marketable [Member]
Cost		$ 756,371		$ 771,371
Fair Value		$ 756,371		$ 771,371
Percentage of Net Assets		0.50%	[1]	0.60%	[2]
Total United States [Member] | Energy Efficiency Secured Loans - Not Readily Marketable [Member] | Energy Efficiency - Lighting Replacement [Member] | 10.25% Renew AEC One, LLC Due 2025-02-24 [Member]
Maximum Commitment	[3]			$ 1,100,000
Shares or Principal Amount	[3]	$ 756,371		771,371
Cost	[3]	756,371		771,371
Fair Value	[3]	$ 756,371		$ 771,371
Percentage of Net Assets	[3]	0.50%	[1]	0.60%	[2]
Canada [Member]
Cost		$ 1,603,136		$ 1,603,136
Fair Value		$ 1,930,981		$ 1,815,169
Percentage of Net Assets		1.30%	[1]	1.40%	[2]
Canada [Member] | Limited Liability Company Member Interests - Not Readily Marketable [Member] | Alternative Energy - Solar [Member] | Canadian Northern Lights Portfolio [Member]
Shares or Principal Amount		100.00%		100.00%
Cost		$ 1,603,136		$ 1,603,136
Fair Value		$ 1,930,981		$ 1,815,169
Percentage of Net Assets		1.30%	[1]	1.40%	[2]
[1]	Percentages are based on net assets of $144,133,663 as of March 31, 2017.
[2]	Percentages are based on net assets of $129,418,800 as of December 31, 2016.
[3]	Per the loan agreement, interest commenced on January 24, 2016.

Organization and Operations of

Organization and Operations of the Company	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations of the Company	Note 1. Organization and Operations of the Company Greenbacker Renewable Energy Company LLC (the “LLC”), a Delaware limited liability company, is an externally managed energy company that acquires and manages income-generating renewable energy and energy efficiency projects, and other energy-related businesses, as well as finances the construction and/or operation of these and sustainable development projects and businesses. The LLC conducts substantially all of its operations through its wholly-owned subsidiary, Greenbacker Renewable Energy Corporation (“GREC”). GREC is a Maryland corporation formed in November 2011 and the LLC currently holds all of the outstanding shares of capital stock of GREC. The LLC and GREC (collectively “we”, “us”, “our”, and the “company”) are externally managed and advised by Greenbacker Capital Management LLC (the “advisor” or “GCM”), a renewable energy, energy efficiency and sustainability related project acquisition, consulting and development company. The LLC’s fiscal year end is December 31. Pursuant to an initial Registration Statement on Form S-1 (File No. 333-178786-01), the company offered up to $1,500,000,000 in shares of limited liability company interests, or the shares, including up to $250,000,000 pursuant to the distribution reinvestment plan (“DRP”), through SC Distributors, LLC, the dealer manager. The offering pursuant to that initial Registration Statement terminated on February 7, 2017. Pursuant to a Registration Statement on Form S-1 (File No. 333-211571), the company is offering on a continuous basis up to $1,000,000,000 in shares of limited liability company interests, or the shares, including up to $200,000,000 of shares pursuant to the DRP, on a “best efforts” basis through the dealer manager, meaning it is not required to sell any specific number or dollar amount of shares. The company is publicly offering three classes of shares: Class A, C and I shares in any combination with a dollar value up to the maximum offering amount. In addition, the company is privately offering two classes of shares, Class P-A and P-I shares. The share classes have different selling commissions, dealer manager fees and there is an ongoing distribution fee with respect to Class C shares. The company has adopted a DRP pursuant to which a shareholder owning publicly offered share classes may elect to have the full amount of cash distributions reinvested in additional shares. The company reserves the right to reallocate the offered shares within each offering between each and any share class and between its public offering and the DRP. Each quarter, our advisor, utilizing the services of an independent valuation firm when necessary, reviews and approves the net asset value for each class of shares, subject to the oversight of the company’s board of directors. The company expects such determination will ordinarily be made within 30 days after each such completed fiscal quarter. To the extent that the net asset value per share on the most recent valuation date increases above or decreases below the net proceeds per share, the company will adjust the offering prices of all classes of shares. The adjustments to the per share offering prices, which will become effective five business days after such determination is published, will ensure that after the effective date of the new offering prices, the offering prices per share, after deduction of selling commissions, dealer manager fees and organization and offering expenses, are not above or below net asset value per share as of the most recent valuation date. The purchase price per share to be paid by each investor will be equal to the price that is in effect on the date such investor submits his or her completed subscription agreement. The company’s shares are offered in the primary offering at a price based on the most recent valuation, plus related selling commissions, dealer manager fees and organization and offering expenses. Five days after the completion of each quarter end valuation, shares will be offered pursuant to the DRP at a price equal to the current offering price per each class of shares, less the sales selling commissions and dealer manager fees associated with that class of shares in the primary offering. An inability to raise substantial funds would increase our fixed operating expenses as a percentage of gross revenue and income, reduce our flexibility to implement the company’s business plans, and could adversely affect our ability to make distributions. The company has initially focused on solar energy and wind energy projects as well as energy efficiency projects. The company believes solar energy projects generally offer more predictable power generation characteristics, due to the relative predictability of sunlight over the course of time compared to other renewable energy classes. Thus, the company expects they will provide more stable income streams. However, technological advances in wind turbines and other energy generation technologies, as well as government incentives make wind energy and other types of projects attractive as well. Solar energy projects provide maximum energy production during the middle of the day and in the summer months when days are longer and nights shorter. Solar energy projects tend to have minimal environmental impact enabling such projects to be developed close to areas of dense population where electricity demand is highest. Solar technology is scalable and well-established and it is a relatively simple process to integrate new acquisitions and projects into our portfolio. Unlike solar energy projects, maximum wind power energy generally occurs in the winter months as the occurrence of wind is usually greater than in the summer months. Over time, the company expects to broaden its strategy to include other types of renewable energy projects and energy efficiency projects and businesses, which may include hydropower assets, geothermal plants, biomass and biofuel assets, combined heat and power technology assets, fuel cell assets and other energy efficiency assets, among others, and to the extent the company deems an opportunity attractive, other energy and sustainability related assets and businesses. As of March 31, 2017, the company has made solar, wind and energy efficiency investments in ten portfolios, nine domiciled in the United States and one in Canada, as well as one energy efficiency secured loan in the United States (See Note 3). As of December 31, 2016, the company had made solar, wind and energy efficiency investments in nine portfolios, eight domiciled in the United States and one in Canada, as well as one energy efficiency secured loan in the United States.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Basis of Presentation The company’s consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), which requires the use of estimates, assumptions and the exercise of subjective judgment as to future uncertainties. Actual results could differ from those estimates, assumptions, and judgments. Significant items subject to such estimates will include determining the fair value of investments, revenue recognition, income tax uncertainties, and other contingencies. The consolidated financial statements of the company include the accounts of the LLC and its consolidated subsidiary, GREC. All intercompany accounts and transactions have been eliminated. The company’s consolidated financial statements are prepared using the specialized accounting principles of Accounting Standards Codification Topic 946, Financial Services—Investment Companies (“ASC Topic 946”). In accordance with this specialized accounting guidance, the company recognizes and carries all of its investments at fair value with changes in fair value recognized in earnings. Additionally, the company will not apply the consolidation or equity method of accounting to its investments. The company carries its liabilities at amounts payable, net of unamortized premiums or discounts. The company does not currently plan to elect to carry its non-investment liabilities at fair value. Net assets are calculated as the carrying amounts of assets, including the fair value of investments, less the carrying amounts of its liabilities. The financial information associated with the March 31, 2017 consolidated financial statements has been prepared by management and, in the opinion of management, contains all adjustments and eliminations, consisting of only normal recurring adjustments, necessary for a fair presentation in accordance with GAAP. The March 31, 2017 financial information has not been audited by the independent registered public accounting firm and they do not express an opinion thereon. Cash and Cash Equivalents Cash consists of demand deposits at a financial institution. Such deposits may be in excess of the Federal Deposit Insurance Corporation insurance limits. The company has not experienced any losses in any such accounts. The company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Short-term investments that are cash equivalents are stated at cost, which approximates fair value. There are no restrictions on the use of the company’s cash as of March 31, 2017 and December 31, 2016. Foreign Currency Translation The accounting records of the company are maintained in U.S. Dollars. The fair value of investments and other assets and liabilities denominated in non-U.S. currencies are translated into U.S. Dollars using the exchange rate at the end of each reporting period. Amounts related to the purchases and sales of investments, investment income and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Net unrealized currency gains and losses arising from valuing foreign currency denominated assets and liabilities at the current exchange rate are reflected as part of net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies in the consolidated statements of operations. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities. Valuation of Investments at Fair Value Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures (“ASC Topic 820”) defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosures about fair value. The company recognizes and accounts for its investments at fair value. The fair value of the investments does not reflect transaction costs that may be incurred upon disposition of the investments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is an exchange price notion under which fair value is the price in an orderly transaction between market participants to sell an asset or transfer a liability in the market in which the reporting entity would transact for the asset or liability. The advisor has established procedures to estimate the fair value of its investments which the company’s board of directors has reviewed and approved. The company will use observable market data to estimate the fair value of investments to the extent that market data is available. In the absence of quoted market prices in active markets, or quoted market prices for similar assets or in markets that are not active, the company will use the valuation methodologies described below with unobservable data based on the best available information in the circumstances, which incorporates the company’s assumptions about the factors that a market participant would use to value the asset. For investments for which quoted market prices are not available, which will comprise most of our investment portfolio, fair value will be estimated by using the income or market approach. The income approach is based on the assumption that value is created by the expectation of future benefits discounted to a current value and the fair value estimate is the amount an investor would be willing to pay to receive those future benefits. The market approach compares recent comparable transactions to the investment. Adjustments are made for any dissimilarity between the comparable transactions and the investments. These valuation methodologies involve a significant degree of judgment on the part of our advisor. In determining the appropriate fair value of an investment using these approaches, the most significant information and assumptions may include, as applicable: available current market data, including relevant and applicable comparable market transactions, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the investment’s ability to make payments, its earnings and discounted cash flows, the markets in which the project does business, comparisons of financial ratios of peer companies that are public, merger and acquisition comparables, the principal market and enterprise values, environmental factors, among other factors. The estimated fair values will not necessarily represent the amounts that may be ultimately realized due to the occurrence or nonoccurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of the valuation of the investments, the estimate of fair values may differ significantly from the value that would have been used had a broader market for the investments existed. The authoritative accounting guidance prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows: Level 1: Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. Valuation adjustments and block discounts are not applied to Level 1 measurements; Level 2: Valuations based on quoted prices in less active, dealer or broker markets. Fair values are primarily obtained from third-party pricing services or broker quotes for identical or comparable assets or liabilities; Level 3: Valuations derived from other valuation methodologies, including pricing models, discounted cash flow models and similar techniques, and not based on market, exchange, dealer, or broker-traded transactions. Level 3 valuations incorporate certain assumptions and projections that are not observable in the market and significant professional judgment in determining the fair value assigned to such assets or liabilities. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls will be determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. Calculation of Net Asset Value Net asset value by class is calculated by subtracting total liabilities for each class from the total carrying amount of all assets for that class, which includes the fair value of investments. Net asset value per share is calculated by dividing net asset value for each class by the total number of outstanding common shares for that class on the reporting date. Earnings (Loss) per Share In accordance with the provisions of ASC Topic 260 — Earnings per Share (“ASC Topic 260”), basic earnings per share is computed by dividing earnings available to common shareholders by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis. The following information sets forth the computation of the weighted average basic and diluted net increase in net assets attributed to common stockholders per share for the three months ended March 31, 2017 and March 31, 2016: For the three months ended March 31, 2017 For the three months ended March 31, 2016 Basic and diluted Net increase in net assets attributed to common stockholders $ 1,080,650 $ 1,401,229 Weighted average common shares outstanding 15,849,356 7,865,104 Net increase in net assets attributed to common stockholders per share $ 0.07 $ 0.18 Revenue Recognition Interest income is recorded on an accrual basis to the extent the company expects to collect such amounts. Interest receivable on loans and debt securities is not accrued for accounting purposes if there is reason to doubt an ability to collect such interest. Original issue discounts, market discounts or market premiums are accreted or amortized using the effective interest method as interest income. Prepayment premiums on loans and debt securities are recorded as interest income when received. Any application, origination or other fees earned by the company in arranging or issuing debt are amortized over the expected term of the loan. Loans are placed on non-accrual status when principal and interest are past due 90 days or more or when there is a reasonable doubt that principal or interest will be collected. Accrued interest is generally reversed when a loan is placed on non-accrual. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment. Non-accrual loans are generally restored to accrual status when past due and principal and interest is paid and, in management’s judgment, is likely to remain current. Dividend income is recorded (1) on the ex-dividend date for publicly issued securities and (2) when received from private investments. Dividends received from the company’s private investments, which generally reflect net cash flow from operations, are declared and paid on a quarterly basis at a minimum. Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation on Investments Realized gains or losses will be measured as the difference between the net proceeds from the sale, repayment, or disposal of an asset and the adjusted cost basis of the asset, without regard to unrealized appreciation or depreciation previously recognized. Net change in unrealized appreciation or depreciation will reflect the change in investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation, when gains or losses are realized. Payment-in-Kind Interest For loans and debt securities with contractual payment-in-kind interest, any interest will be added to the principal balance of such investments and be recorded as income, if the valuation indicates that such interest is collectible. Distribution Policy Distributions to members, if any, will be authorized and declared by our board of directors quarterly in advance and paid on a monthly basis. From time to time, we may also pay interim special distributions in the form of cash or shares, with the approval of our board of directors. Distributions will be made on all classes of shares at the same time. The cash distributions with respect to the Class C shares will be lower than the cash distributions with respect to the company’s other publicly offered share classes because of the distribution fee associated with the Class C shares, which is allocated specifically to Class C net assets. Amounts distributed to each class are allocated amongst the holders of the shares in such class in proportion to their shares. Distributions declared by our board of directors are recognized as distribution liabilities on the ex-dividend date. Organization and Offering Costs Organization and offering costs (“O&O costs”), other than sales commissions and the dealer manager fee, are initially being paid by our advisor and/or dealer manager on behalf of the company. These O&O costs include all costs previously paid or to be paid by the company in connection with its formation and the offering of its shares pursuant to now terminated Registration Statement on Form S-1 (File No. 333-178786-01), the current Registration Statement on Form S-1 (File No. 333-211571) and a private placement memorandum, including legal, accounting, printing, mailing and filing fees, charges of the company’s escrow holder, transfer agent fees, due diligence expense reimbursements to participating broker-dealers included in detailed and itemized invoices and costs in connection with administrative oversight of the offering and marketing process, and preparing supplemental sales materials, holding educational conferences, and attending retail seminars conducted by broker-dealers. While the total O&O costs for the public offering shall be reasonable and shall in no event exceed an amount equal to 15% of the gross proceeds of this offering and the DRP, the company is targeting no more than 4.0% of the gross proceeds for O&O costs other than sales commissions and dealer manager fees in the current Registraion Statement. The company is obligated to reimburse our advisor for O&O costs that it incurs on behalf of the company, in accordance with the advisory agreement, but only to the extent that the reimbursement would not cause the selling commissions, the dealer manager fee and the other organization and offering expenses borne by the company to exceed 15% of gross offering proceeds as of the date of reimbursement. Total O&O costs related to the terminated Registration Statement amounted to approximately $7,556,000 or 4.8% of gross offering proceeds raised pursuant to such Registration Statement. The costs incurred by our advisor and/or dealer manager are recognized as a liability of the company to the extent that the company is obligated to reimburse our advisor and/or dealer manager, subject to the 15% of gross offering proceeds limitation described above. When recognized by the company, organizational costs are expensed and offering costs, excluding selling commissions and dealer manager fees, are recognized as a reduction of the proceeds from the offering. The following table provides information in regard to the status of O&O costs (in 000’s) as of March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 Total O&O Costs Incurred by the Advisor and Dealer Manager $ 8,078 $ 7,498 Amounts previously reimbursed to the Advisor/Dealer Manager by the company 7,681 7,362 Amounts payable to Advisor/Dealer Manager by the company 73 136 Amounts of the contingent liability subject to payment by the company only upon adequate gross offering proceeds being raised 324 — Financing Costs Financing costs related to debt liabilities incurred by the company, GREC or any wholly-owned holding company formed specifically to be a credit agreement counterparty are presented on the consolidated statements of assets and liabilities as a direct deduction from the carrying amount of that debt liability. Financing costs are deferred and amortized using the straight line method over the life of the debt liability. Capital Gains Incentive Allocation and Distribution Pursuant to the terms of the LLC’s amended and restated limited liability company agreement, a capital gains incentive distribution will be earned by an affiliate of our advisor on realized gains from the sale of investments from the company’s portfolio during operations prior to a liquidation of the company. While the terms of the advisory agreement neither include nor contemplate the inclusion of unrealized gains in the calculation of the capital gains incentive distribution, pursuant to an interpretation of an American Institute for Certified Public Accountants Technical Practice Aid for investment companies, the company will include unrealized gains in the calculation of the capital gains incentive distribution expense and related capital gains incentive fee payable. This amount reflects the incentive distribution that would be payable if the company’s entire portfolio was liquidated at its fair value as of the consolidated statements of assets and liabilities date even though the advisor is not entitled to an incentive distribution with respect to unrealized gains unless and until such gains are actually realized. Thus on each date that net asset value is calculated, the company calculates for the capital gains incentive distribution by calculating such distribution as if it were due and payable as of the end of such period. As of March 31, 2017 and December 31, 2016, a capital gains incentive distribution allocation in the amounts of nil and $586, respectively, was recorded based primarily upon appreciation on investments. Deferred Sales Commissions The company defers certain costs, principally sales commissions and related compensation, which are paid to the dealer manager and may be reallowed to financial advisors and broker/dealers in the future in connection with the sale of Class C shares sold with a reduced front-end load sales charge. The costs expected to be incurred at the time of the sale of Class C shares are recorded as a liability on the date of sale and are amortized on a straight-line basis over the period beginning at the time of sale and ending on the date which approximates an expected liquidity event for the company. Prior to June 30, 2016, the company did not record a liability at time of the sale for expected deferred sales commissions. As of March 31, 2017 and December 31, 2016, the company recorded a liability for deferred sales commissions in the amount of $191,313 and $203,357, respectively. Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation. Derivative Instruments The company may utilize interest rate swaps to modify interest rate characteristics of certain liabilities to manage its exposure to interest rate fluctuations. Changes in the fair value of the interest rate swaps during the period are recognized in the accompanying consolidated statements of operations where the company, GREC or any wholly-owned holding company formed specifically to be a credit agreement counterparty is the counterparty and in the change in fair value of investments if a subsidiary of the company is the counterparty. While we are currently of the opinion that the currency fluctuation between the Canadian and U.S. Dollar will not have a material impact on our operating results, we may in the future enter into derivatives or other financial instruments in an attempt to hedge our foreign currency exchange risk if we believe not doing so would have a material impact our results of operations. Income Taxes The LLC intends to operate so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code. As such, it will not be subject to any U.S. federal and state income taxes. In any particular year it is possible that the LLC will not meet the qualifying income exception and will not qualify to be treated as a partnership. If the LLC does not meet the qualifying income exception, the members would then be treated as stockholders in a corporation and the company would become taxable as a corporation for U.S. federal income tax purposes under the Internal Revenue Code. The LLC would be required to pay income tax at corporate rates on its net taxable income. Distributions to members from the LLC would constitute dividend income taxable to such members, to the extent of the company’s earnings and profits and the payment of the distributions would not be deductible by the LLC. The LLC plans to conduct substantially all of its operations through its wholly-owned subsidiary, GREC, which is a corporation that is subject to U.S. federal, state and local income taxes. Accordingly, most of its operations will be subject to U.S. federal, state and local income taxes. Income taxes are accounted for under the assets and liabilities method. Deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to differences between items that are recognized in the consolidated financial statements and tax returns in different years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. For income tax benefits to be recognized including uncertain tax benefits, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of the benefit that is more likely than not to be realized upon ultimate settlement. A valuation allowance is established against net deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the net deferred tax assets will not be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties associated with income taxes, if any, will be recognized in general and administrative expense. The company does not consolidate its investments for financial statements, rather it accounts for its investments at fair value under the specialized accounting of ASC Topic 946. The tax attributes of the individual investments will be considered and incorporated in the company’s fair value estimates for those investments. The amounts recognized in the consolidated financial statements for unrealized appreciation and depreciation will result in a difference between the consolidated financial statements and the cost basis of the assets for tax purposes. These differences will be recognized as deferred tax assets and liabilities. Generally, the entities that hold the company’s investments will be included in the consolidated tax return of GREC and the differences between the amounts recognized for financial statement purposes and the tax return will be recognized as additional deferred tax assets and liabilities. The company follows the authoritative guidance on accounting for uncertainty in income taxes and concluded it has no material uncertain tax positions to be recognized at this time. The company assessed its tax positions for all open tax years as of March 31, 2017 for all U.S. federal and state tax jurisdictions for the years 2013 through 2016. The results of this assessment are included in the company’s tax provision and deferred tax assets as of March 31, 2017. Recently Issued Accounting Pronouncements Under the Jumpstart Our Business Startups Act (the “JOBS Act”), emerging growth companies can delay the adoption of new or revised accounting standards until such time as those standards apply to private companies. The company is choosing not to take advantage of the extended transition period for complying with new or revised accounting standards. In October 2016, the U.S. Securities and Exchange Commission adopted new rules and amended existing rules (together, the "final rules") intended to modernize the reporting and disclosure of information by registered investment companies. In part, the final rules amend Regulation S-X and require standardized, enhanced disclosure about derivatives in investment company financial statements, as well as other amendments. The compliance date for the amendments to Regulation S-X is August 1, 2017. Management is currently evaluating the impact that the adoption of the amendments to Regulation S-X will have on the company’s consolidated financial statements and related disclosures. On August 26, 2016, the FASB issued ASU 2016-15, Statement of Cash Flows, or ASU 2016-15. ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. ASU 2016-15 addresses eight classification issues related to the statement of cash flows: 1) debt prepayment or debt extinguishment costs; 2) settlement of zero-coupon bonds; 3) contingent consideration payments made after a business combination; 4) proceeds from the settlement of insurance claims; 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies; 6) distributions received from equity method investees; 7) beneficial interests in securitization transactions; and 8) separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for public business entities for annual and interim periods in fiscal years beginning after December 15, 2017. Entities should apply this ASU using a retrospective transition method to each period presented. The company is in the process of evaluating the impact, if any, that ASU 2016-15 will have on the company’s consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01 regarding “Recognition and Measurement of Financial Assets and Financial Liabilities”. The new guidance is intended to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information and addresses certain aspects of the recognition, measurement, presentation, and disclosure of financial instruments. The new standard affects all entities that hold financial assets or owe financial liabilities. The new guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. At this time, management is evaluating the implications of ASU No. 2016-01, and its impact on the company’s consolidated financial statements and disclosures has not yet been determined. Updated Footnote Disclosure Certain footnote disclosures have been updated to enhance information presented pertaining to the value of shares sold and shares issued through the reinvestment of distributions. The impact of these additional disclosures is not material to the previously issued consolidated financial statements as of and for the three months ended March 31, 2016.

Investments

Investments	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investments	Note 3. Investments The composition of the company’s investments as of March 31, 2017 by geographic region, at amortized cost and fair value, were as follows: Investments at Investments at Fair Value United States: East Region $ 35,510,493 34,217,044 26.2 % Mid-West Region 1,035,005 1,108,707 0.9 Mountain Region 49,236,531 51,181,289 39.3 South Region 33,855,182 32,527,883 24.9 West Region 9,252,988 9,417,537 7.2 Total United States $ 128,890,199 128,452,460 98.5 % Canada 1,603,136 1,930,981 1.5 Total $ 130,493,335 130,383,441 100.0 % The composition of the company’s investments as of December 31, 2016 by geographic region, at amortized cost and fair value, were as follows: Investments at Investments at Fair Value United States: East Region $ 31,340,575 30,469,589 26.5 % Mid-West Region 935,103 1,025,354 0.9 Mountain Region 46,145,555 $ 47,846,814 41.5 South Region 29,929,892 28,553,024 24.8 West Region 5,170,489 5,413,151 4.7 Total United States $ 113,521,614 $ 113,307,932 98.4 % Canada 1,603,136 1,815,169 1.6 Total $ 115,124,750 $ 115,123,101 100.0 % The composition of the company’s investments as of March 31, 2017 by industry, at amortized cost and fair value, were as follows: Investments at Cost Investments at Fair Fair Value Alternative Energy - Solar $ 85,837,592 $ 84,221,701 64.6 % Alternative Energy - Wind 43,402,428 44,887,459 34.4 Energy Efficiency - Lighting Replacement 1,253,315 1,274,281 1.0 Total $ 130,493,335 $ 130,383,441 100.0 % The composition of the company’s investments as of December 31, 2016 by industry, at amortized cost and fair value, were as follows: Investments at Cost Investments at Fair Fair Value Alternative Energy - Solar $ 71,564,589 $ 70,161,838 60.9 % Alternative Energy - Wind 42,277,428 43,643,215 37.9 Energy Efficiency - Lighting Replacement 1,282,733 1,318,048 1.2 Total $ 115,124,750 $ 115,123,101 100.0 % Investments held as of March 31, 2017 and December 31, 2016 are considered Control Investments, which are defined as investments in companies in which the company owns 25% or more of the voting securities of such company or have greater than 50% representation on such company’s board of directors or investments in limited liability companies for which the company serves managing member.

Fair Value Measurements - Inves

Fair Value Measurements - Investment	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements - Investment	Note 4. Fair Value Measurements - Investment The following table presents fair value measurements of investments, by major class, as of March 31, 2017, according to the fair value hierarchy: Valuation Inputs Level 1 Level 2 Level 3 Fair Value Limited Liability Company Member Interests $ — $ — $ 127,696,089 $ 127,696,089 Capital Stock — — 1,930,981 1,930,981 Energy Efficiency Secured Loans — — 756,371 756,371 Total $ — $ — $ 130,383,441 $ 130,383,441 The following table presents fair value measurements of investments, by major class, as of December 31, 2016, according to the fair value hierarchy: Valuation Inputs Level 1 Level 2 Level 3 Fair Value Limited Liability Company Member Interests $ — $ — $ 112,536,561 $ 112,536,561 Capital Stock — — 1,815,169 1,815,169 Energy Efficiency Secured Loans — — 771,371 771,371 Total $ — $ — $ 115,123,101 $ 115,123,101 The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the three months ended March 31, 2017: Net change in Translation of assets Balance as of unrealized appreciation and liabilities Sales and Balance as of December 31, (depreciation) on denominated in Purchases and other Repayments of March 31, 2016 investments foreign currencies adjustments to cost (1) investments (2) 2017 Limited Liability Company Member Interests $ 112,536,561 $ (224,057 ) $ - $ 15,383,585 $ - $ 127,696,089 Capital Stock 1,815,169 102,879 12,933 - - 1,930,981 Energy Efficiency - Secured Loans 771,371 - - - (15,000 ) 756,371 Total $ 115,123,101 $ (121,178 ) $ 12,933 $ 15,383,585 $ (15,000 ) $ 130,383,441 (1) Includes purchases of new investments, capitalized deal costs, effects of purchase price adjustments, paid-in-kind interest, return of capital and additional investments in existing investments, if any. (2) Includes principal repayments on loans. The total change in unrealized depreciation included in the consolidated statements of operations within net change in unrealized depreciation on investments for the three months ended March 31, 2017 attributable to Level 3 investments still held at March 31, 2017 was $121,178. Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in or out of the Level 3 as of the beginning of the period which the reclassifications occur. There were no reclassifications attributable to Level 3 investments during the three months ended March 31, 2017. Net change in unrealized depreciation on investments at fair value for the three months ended March 31, 2017 was $121,178, included within net change in unrealized depreciation on investments in the consolidated statements of operations. There were no net realized gains or losses on investments at fair value for the three months ended March 31, 2017. For the three months ended March 31, 2017, net unrealized currency gains arising from valuing foreign currency-denominated assets and liabilities at the current exchange rate were $12,933 and included within net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies in the consolidated statements of operations. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the three months ended March 31, 2016: Balance as of Net change in Translation Purchases and Repayments Transfers in Transfers out Balance as of Limited Liability Company Member Interests $ 48,708,304 $ (890,753 ) $ — $ 5,165,000 $ — $ 264,424 $ — $ 53,246,975 Capital Stock 1,562,967 357,023 (100,317 ) — — — — 1,819,673 Energy Efficiency Secured Loans 1,183,295 — — — — — (264,424 ) 918,871 Total $ 51,454,566 $ (533,730 ) $ (100,317 ) $ 5,165,000 $ — $ 264,424 $ (264,424 ) 55,985,519 (1) Includes purchases of new investments, capitalized deal costs, effects of purchase price adjustments, paid-in-kind interest, return of capital and additional investments in existing investments, if any. The total change in unrealized depreciation included in the consolidated statements of operations within net change in unrealized depreciation on investments for the three months ended March 31, 2016 attributable to Level 3 investments still held at March 31, 2016 was $533,730. Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in or out of the Level 3 as of the beginning of the period which the reclassifications occur. Net change in unrealized depreciation on investments at fair value for the three months ended March 31, 2016 was $533,730 included within net change in unrealized depreciation on investments in the consolidated statements of operations. There were no net realized gains or losses on investments at fair value for the three months ended March 31, 2016. For the three months ended March 31, 2016, net unrealized currency losses arising from valuing foreign currency-denominated assets and liabilities at the current exchange rate were $100,317 and included within net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies in the consolidated statements of operations. As of March 31, 2017, all of the company’s portfolio investments utilized Level 3 inputs. The following table presents the quantitative information about Level 3 fair value measurements of the company’s investments as of March 31, 2017: Fair Value Valuation Unobservable Rates/Assumptions Alternative Energy - Solar $ 84,221,701 Income approach Discount rate, future kWh Production, potential leverage and estimated remaining useful life 7.25% - 9.25%, 0.50% annual degradation in production, 14.0 – 34.8 years Alternative Energy – Wind $ 44,887,459 Income approach Discount rate, future kWh Production, potential leverage and estimated remaining useful life 8.50%, no annual degradation in production, 28.4 – 29.5 years Energy Efficiency- Secured Loans and Leases– Lighting Replacement $ 1,274,281 Income and collateral based approach Market yields and value of collateral 10.25% - 20.40% As of December 31, 2016, all of the company’s portfolio investments utilized Level 3 inputs. The following table presents the quantitative information about Level 3 fair value measurements of the company’s investments as of December 31, 2016: Fair Value Valuation Unobservable Rates/Assumptions Alternative Energy - Solar $ 70,161,838 Income approach Discount rate, future kWh Production, potential leverage and estimated remaining useful life 7.0% - 9.25%, 0.50% annual degradation in production, 31.7 years Alternative Energy – Wind $ 43,643,215 Income approach Discount rate, future kWh Production, potential leverage and estimated remaining useful life 7.75%, no annual degradation in production, 33.3 years Energy Efficiency- Secured Loans and Leases – Lighting Replacement $ 1,318,048 Income and collateral based approach Market yields and value of collateral 10.25% - 21.31% The significant unobservable inputs used in the fair value measurement of the company’s limited liability company member interests are discount rates and estimates related to the future production of electricity. Significant increases in the discount rate used or actual kilowatt hour (“kWh”) production meaningfully less than projected production would result in a significantly lower fair value measurement.

Related Party Agreements And Tr

Related Party Agreements And Transactions Agreements	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Agreements And Transactions Agreements	Note 5. Related Party Agreements And Transactions Agreements The company has executed advisory and administration agreements with the advisor and Greenbacker Administration, LLC, our administrator, respectively, as well as a dealer manager agreement with the dealer manager, which entitles the advisor, certain affiliates of the advisor, and the dealer manager to specified fees upon the provision of certain services with regard to the offering of the company’s shares and the ongoing management of the company as well as reimbursement of O&O costs incurred by the advisor and the dealer manager on behalf of the company (as discussed in Note 2) and certain other operating costs incurred by the advisor on behalf of the company. The term “Special Unitholder” refers to GREC Advisors, LLC, a Delaware limited liability company, which is a subsidiary of our advisor and “special unit”, refers to the special unit of limited liability company interest in GREC entitling the Special Unitholder to an incentive allocation and distribution. In addition, the company and the advisor entered into an expense reimbursement agreement whereby the advisor agreed to reimburse the company for certain expenses above certain limits and be repaid when the company’s expenses are reduced below that threshold. The expense reimbursement agreement expired and was not renewed as of December 30, 2016. The fees and reimbursement obligations are as follows: Type of Compensation and Recipient Determination of Amount Selling Commissions — Dealer Manager Up to 7% of gross offering proceeds from the sale of Class A and Class P-A shares and up to 3% of gross offering proceeds from the sale of Class C shares. No selling commission will be paid with respect to Class I and Class P-I shares or for sales pursuant to the dividend reinvestment plan. All of its selling commissions are expected to be re-allowed to participating broker- dealers. Dealer Manager Fee — Dealer Manager Up to 2.75% of gross offering proceeds from the sale of Class A, P-A and C shares, and up to 1.75% of gross offering proceeds from the sale of Class I shares. No dealer manager fee will be paid for sales pursuant to the dividend reinvestment plan. The dealer manager may re-allow a portion of its dealer manager fee to selected broker- dealers. Distribution Fee — Dealer Manager With respect to Class C shares only, the company will pay the dealer manager a distribution fee that accrues daily in an amount equal to 1/365th of 0.80% of the amount of the net asset value for the Class C shares for such day on a continuous basis from year to year. The company will stop paying distribution fees at the earlier of a listing of the Class C shares on a national securities exchange, following the completion of this offering, total underwriting compensation in this offering equals 10% of the gross proceeds from the primary offering or Class C shares are no longer outstanding. The dealer manager may re-allow all or a portion of the distribution fee to participating broker-dealers and servicing broker dealers Commencing as of June 30, 2016, the company estimates the amount of distribution fees expected to be paid and records that liability at the time of sale. O&O costs — Advisor The company reimburses the advisor for the O&O costs (other than selling commissions and dealer manager fees) it has incurred on the company’s behalf only to the extent that the reimbursement would not cause the selling commissions, dealer manager fee and the other O&O costs borne by the company to exceed 15.0% of the gross offering proceeds as the amount of proceeds increases. While the company has targeted an offering expense ratio of 4.0% for O&O costs over the term of the current offering, 4.8% was charged on the offering that terminated as of February 7, 2017. Base Management Fees — Advisor The base management fee payable to GCM will be calculated at a monthly rate of 0.167% (2.00% annually) of our gross assets (including amounts borrowed). For services rendered under the advisory agreement, the base management fee will be payable monthly in arrears. The base management fee will be calculated based on the average of the values of our gross assets for each day of the prior month. Base management fees for any partial period will be appropriately pro-rated. The base management fee may be deferred or waived, in whole or part, at the election of the advisor. All or any part of the deferred base management fee not taken as to any period shall be deferred without interest and may be taken in any period prior to the occurrence of a liquidity event as the advisor shall determine in its sole discretion. Incentive Allocation and Distribution — Special Unitholder The incentive distribution to which the Special Unitholder is be entitled to will be calculated and payable quarterly in arrears based on the pre-incentive distribution net investment income for the immediately preceding fiscal quarter. For this purpose, pre-incentive distribution net investment income means interest income, dividend and distribution income from equity investments (excluding that portion of distributions that are treated as return of capital) and any other income (including any other fees, such as commitment, origination, structuring, diligence and consulting fees or other fees that we receive, but excluding any fees for providing managerial assistance) accrued during the fiscal quarter, minus the operating expenses for the fiscal quarter (including the base management fee, expenses payable under the administration agreement with the company’s Administrator, and any interest expense and distributions paid on any issued and outstanding indebtedness and preferred units of limited liability company interest, but excluding the incentive distribution). Pre-incentive distribution net investment income does not include any realized capital gains, realized capital losses, unrealized capital appreciation or depreciation or any accrued income taxes and other taxes including, but not limited to, franchise, property, and sales taxes. Pre-incentive distribution net investment income, expressed as a rate of return on the value of the company’s average adjusted capital at the end of the immediately preceding fiscal quarter, will be compared to a “hurdle rate” of 1.75% per fiscal quarter (7.00% annualized). Adjusted capital shall mean: cumulative gross proceeds before sales and commission and dealer fees, generated from sales of the company’s shares and preferred units of limited liability company interests (including the DRP) reduced for distributions to members of proceeds from non-liquidation dispositions of asset and amount paid for share repurchases pursuant to the Share Repurchase Program. Average adjusted capital shall mean: the average value of the adjusted capital for the two most recently completed fiscal quarters. The Special Unitholder shall receive an incentive distribution with respect to the pre-incentive distribution net investment income in each fiscal quarter as follows: • no incentive distribution in any fiscal quarter in which the pre-incentive distribution net investment income does not exceed the “hurdle rate” of 1.75%; • 100% of the pre-incentive distribution net investment income with respect to that portion of such pre-incentive distribution net investment income, if any, that exceeds the hurdle but is less than 2.1875% in any fiscal quarter (8.75% annualized with a 7% annualized hurdle rate). The company refers to this portion of the pre-incentive distribution net investment income (which exceeds the hurdle but is less than 2.1875%) as the “catch-up.” The “catch-up” is meant to provide the advisor with 20% of the pre-incentive distribution net investment income as if a hurdle did not apply if the net investment income exceeds 2.1875% in any fiscal quarter; and • 20% of the amount of the pre-incentive distribution net investment income, if any, that exceeds 2.1875% in any fiscal quarter (8.75% annualized with a 7% annualized hurdle rate) is payable to the Special Unitholder (once the hurdle is reached and the catch-up is achieved, 20% of all pre-incentive distribution investment income thereafter is allocated to the Special Unitholder). Capital Gains Incentive Distribution — Special Unitholder The capital gains incentive distribution will be determined and payable to the Special Unitholder in arrears as of the end of each fiscal quarter (or upon termination of the advisory agreement, as of the termination date) to the Special Unitholder, and will equal 20.0% of the company’s realized capital gains, if any, on a cumulative basis from inception through the end of each fiscal quarter, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any capital gain incentive distributions. Liquidation Incentive Distribution — Special Unitholder The liquidation incentive distribution payable to the Special Unitholder will equal 20.0% of the net proceeds from a liquidation of the company (other than in connection with a listing, as described below) in excess of adjusted capital, as measured immediately prior to liquidation. Adjusted capital shall mean: cumulative gross proceeds generated from sales of shares (including the DRP) reduced for distributions to members of proceeds from non-liquidation dispositions of our assets and amounts paid for share repurchases pursuant to the Share Repurchase Program. In the event of any liquidity event that involves a listing of the company’s shares, or a transaction in which the company’s members receive shares of a company that is listed, on a national securities exchange, the liquidation incentive distribution will equal 20% of the amount, if any, by which the company’s listing value following such liquidity event exceeds the adjusted capital, as calculated immediately prior to such listing (the “listing premium”). Any such listing premium and related liquidation incentive distribution will be determined and payable in arrears 30 days after the commencement of trading following such liquidity event. Operating Expense and Expense Assumption and Reimbursement Agreement The company will reimburse the advisor’s cost of providing administrative services, legal, accounting and printing. The company will not reimburse the advisor for the salaries and benefits to be paid to the named executive officers. For the year ended December 31, 2015, the advisor assumed operating expenses for the company in an amount sufficient to keep total annual operating expenses (exclusive of interest, taxes dividend expense, borrowing costs, organizational and extraordinary expenses) of the company (“Expenses”) at percentages of average net assets of such class for any calculation period no higher than 5.0% (the “Maximum Rates”). During the year ended December 31, 2016, Expenses as a percentage of net assets were less than the Maximum Rates allowing the advisor to be fully reimbursed for past assumed operating expenses. The expense reimbursement agreement expired and was not renewed as of December 31, 2016 as Expenses are expected to continue in an amount less than the Maximum Rates. For the three months ended March 31, 2017 and March 31, 2016, the company incurred $1,364,343 and $677,777, respectively, in operating expenses, including the management fees earned by the advisor. Since January 1, 2015, the advisor has elected to limit the company’s operating expenses to no higher than 5% annually of the company’s average net assets. While the advisor has assumed responsibility for $830,884, of the company’s operating expenses under the expense reimbursement agreement since inception, as of December 31, 2016 the company had fully reimbursed the advisor for previously assumed operating expenses. For the three months ended March 31, 2016 the company had reimbursed the advisor $345,000 of previously assumed expenses, subject to the restrictions of the Maximum Rates. Since average annual expenses were less than 5% for the three months ended March 31, 2016, the company recorded a new $178,890 payable to the advisor as reimbursement for assumption of past operating expenses. For the three months ended March 31, 2017 and March 31, 2016, the advisor earned $697,146 and $330,715, respectively, in management fees. While there was an incentive allocation of $916 earned inception to date by the advisor, the consolidated financial statements reflect a $586 decrease in incentive allocation for the three months ended March 31, 2017 and a $126,809 decrease in incentive allocation for the three months ended March 31, 2016, based upon net unrealized depreciation on investments. As of March 31, 2017, due to advisor on the consolidated statements of assets and liabilities in the amount of $72,765 is comprised of a payable to the advisor for reimbursable Organization and Offering Costs. As of December 31, 2016, due to advisor and due to dealer manager on the consolidated statements of assets and liabilities in the amount of $99,782 and $36,694, respectively, are solely comprised of a payable to the advisor and the dealer manager for reimbursable Organization and Offering Costs. The company, dealer manager and advisor plan to cash settle any amounts due to/from advisor/dealer manager on a monthly basis. For the three months ended March 31, 2017 and March 31, 2016, the company paid $218,604 and $404,044, respectively, in dealer manager fees and $738,133 and $1,448,434, respectively, in selling commissions to the dealer manager. These fees and commissions were paid in connection with the sales of the company’s shares to investors and, as such, were recorded against the proceeds from the issuance of shares and are not reflected in the company’s consolidated statements of operations. For the three months ended March 31, 2017 and March 31, 2016, Greenbacker Administration LLC invoiced the company $115,983 and $24,024, respectively, for expenses, at cost, for services related to asset management and accounting services related to the company’s investments. As of March 31, 2017 and December 31, 2016, respectively, the advisor owned 23,601 and 23,469 Class A shares while an affiliate of the advisor owned 53,655 and 93,191 Class A shares. Transactions The company entered into secured loans to finance the purchase and installation of energy efficient lighting with LED Funding LLC and Renew AEC One LLC (“AEC Companies”). All of the loans with LED Funding LLC, an AEC Company, converted to an operating lease on the day the energy efficiency upgrades became operational. AEC Companies are considered related parties as the members of these entities own an indirect, non-controlling ownership interest in the company’s advisor. The loans outstanding between the AEC Companies and the company, and the subsequent operating leases, were negotiated at an arm’s length and contain standard terms and conditions that would be included in third party lending agreements including required security and collateral, interest rates based upon risk of the specific loan, and term of the loan. As of March 31, 2017, all loans and operating leases are considered current per their terms.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Borrowings	Note 6. Borrowings On July 11, 2016, the company, through a newly formed, indirect, wholly owned subsidiary, GREC Entity HoldCo LLC (the “Borrower”), entered into a Credit Agreement by and among the Borrower, the lenders party thereto and Fifth Third Bank, as administrative agent, as well as swap counterparty. The new credit facility consists of an initial term loan of $4,300,000 (the “Facility 1 Term Loan”) as well as a revolving credit facility in the aggregate principal amount of up to $33,250,000 (the “Revolver”) that will convert to an additional term loan facility, based upon the amount outstanding on the conversion date, in July 2017 (the “Facility 2 Term Loan”) (collectively, the “Credit Facility”). Both the Facility 1 Term Loan and the Facility 2 Term Loan mature in July 2021. Financing costs of $1,005,494 related to the credit facility have been capitalized and are being amortized over the term of the Facility 1 Term Loan. The company used the net proceeds of borrowings under the Facility 1 Term Loan to repay amounts outstanding under a previously existing project loan. The net proceeds of borrowings under the Revolver will be used for investment in additional alternative energy power generation assets and other general corporate purposes. Loans made under the Credit Facility bear interest at 3.5% in excess of one-month LIBOR. Commitment fees on the average daily unused portion of the Revolver are payable at a rate per annum of 0.25%. Interest on the Credit Facility is payable on the last day of each month commencing August 31, 2016. Principal on the Facility 1 Term Loan is payable at a fixed amount of $23,889 on the last day of each month based upon a fifteen-year amortization. The Revolver is interest only for the first twelve months. Thereafter, the Revolver converts to the Facility 2 Term Loan whereby principal will be due monthly with amortization based upon the weighted average power purchase agreement life remaining on the date of conversion. Borrowings under the credit facility are secured by the assets, cash, agreements and equity interests in the Borrower and its subsidiaries. The company and its wholly owned subsidiary, Greenbacker Renewable Energy Corporation, are guarantors of the Borrower's obligations under the Credit Facility. In regard to the Credit Facility, we have entered in an interest rate swap agreement, effective July 29, 2016, with a total notional amount of $4,300,000 to swap the floating rate interest payments on the Facility 1 Term Loan for a corresponding fixed payment. The fixed swap rate is 1.11% with an all-in rate of 4.61% on the Facility 1 Term Loan. If an event of default shall occur and be continuing under the Credit Facility, the commitments under the Credit Facility may be terminated and the principal amount outstanding under the Credit Facility, together with all accrued unpaid interest and other amounts owing in respect thereof, may be declared immediately due and payable. The company’s outstanding debt as of March 31, 2017 and December 31, 2016 was as follows: March 31, 2017 December 31, 2016 Aggregate Principal Carrying Deferred Term Note Aggregate Principal Carrying Deferred Term Note Revolver $ 33,250,000 $ — $ — $ — $ — $ 33,250,000 $ — $ — $ — $ — Facility 1 Term Loan — 4,108,888 4,108,888 860,600 3,248,288 — 4,180,554 4,180,554 910,155 3,270,399 Total $ 33,250,000 $ 4,108,888 $ 4,108,888 $ 860,600 $ 3,248,288 $ 33,250,000 $ 4,180,554 $ 4,180,554 $ 910,155 $ 3,270,399 The following table shows the components of interest expense, commitment fees related to the Revolving Facility, amortized deferred financing costs, weighted average stated interest rate and weighted average outstanding debt balance for the credit facility for the three months ended March 31, 2017: For the three months Revolver interest $ 51,525 Revolver commitment fee 21,011 Facility 1 Term Loan interest 11,879 Amortization of deferred financing costs 49,555 Unrealized gain on interest rate swap $ (9,039 ) Total 124,931 Weighted average interest rate on credit facility 4.61 % Weighted average outstanding balance of credit facility $ 4,156,655 The following table shows the components of interest expense, commitment fees related to the Revolving Facility, amortized deferred financing costs, weighted average stated interest rate and weighted average outstanding debt balance for the credit facility for the period July 11, 2016 through December 31, 2016: For the period July 11, Revolver interest $ 164,179 Revolver commitment fee 29,927 Facility 1 Term Loan interest 96,248 Amortization of deferred financing costs 95,339 Unrealized gain on interest rate swap $ (90,697 ) Total 294,996 Weighted average interest rate on credit facility 4.37 % Weighted average outstanding balance of credit facility $ 10,991,000 The principal payments due on borrowings for each of the next five years ending December 31 and thereafter, are as follows: Year ending December 31: Principal Payments 2017 215,001 2018 286,668 2019 286,668 2020 286,668 2021 3,033,883 $ 4,108,888

Members' Equity

Members' Equity	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Members' Equity	Note 7. Members’ Equity General Pursuant to the terms of the LLC Agreement, the LLC may issue up to 400,000,000 shares, of which 350,000,000 shares are designated as Class A, C, I, P-A and P-I shares (collectively, common shares), and 50,000,000 are designated as preferred shares and one special unit. Each class of common shares will have the same voting rights. The following are the current commissions and fees for each common share class in connection with the company’s continuous public offering pursuant to a Registration Statement on Form S-1 (File No. 333-211571) as well as the private offering of certain share classes. Class A and Class P-A: Each Class A and Class P-A share are subject to a selling commission of up to 7.00% per share and a dealer manager fee of up to 2.75% per share. No selling commissions or dealer manager fees are paid for sales pursuant to the dividend reinvestment plan. Class C: Each Class C share issued in the primary offering is subject to a selling commission of up to 3.00% per share and a dealer manager fee of up to 2.75% per share. In addition, with respect to Class C shares, the company pays the dealer manager on a monthly basis a distribution fee, or “distribution fee”, that accrues daily equal to 1/365th of 0.80% of the amount of the daily net asset value for the Class C shares on a continuous basis from year to year. No selling commissions or dealer manager fees are paid for sales pursuant to the DRP. Class I and Class P-I: No selling commission or distribution fee will be paid for sales of any Class I and Class P-I shares. Each Class I share is subject to a dealer manager fee of up to 1.75% per share. The following table is a summary of the shares issued and repurchased during the period and outstanding as of March 31, 2017: Shares Outstanding as Shares Issued Shares Repurchased Shares Outstanding as Class A shares 10,878,502 967,384 (91,293 ) 11,754,593 Class C shares 1,041,836 68,088 — 1,109,924 Class I shares 2,754,491 292,149 (22,241 ) 3,024,399 Class P-A shares 47,774 3,092 — 50,866 Class P-I Shares 199,319 570,489 — 769,808 Total 14,921,922 1,901,202 (113,534 ) 16,709,590 The following table is a summary of the shares issued during the period and outstanding as of December 31, 2016: Shares Outstanding as Shares Issued Shares Repurchased Shares Outstanding as Class A shares 5,420,728 5,719,394 (261,620 ) 10,878,502 Class C shares 248,456 793,380 — 1,041,836 Class I shares 1,052,783 1,726,743 (25,035 ) 2,754,491 Class P-A shares — 47,774 — 47,774 Class P-I Shares — 199,319 — 199,319 Total 6,721,967 8,486,610 (286,655 ) 14,921,922 The proceeds from shares sold and the value of shares issued through the reinvestment of distributions for each class of shares for the three months ended March 31, 2017 and March 31, 2016 were as follows: Class A Shares Class C Shares Class I Shares Class P-A Class P-I Total For the three months ended March 31, 2017: Proceeds from Shares Sold $ 8,239,743 $ 555,690 $ 2,448,279 $ 27,075 $ 5,015,000 $ 16,285,787 Proceeds from Shares Issued through Reinvestment of Distributions $ 717,291 $ 85,994 $ 251,220 $ — $ — $ 1,054,505 For the three months ended March 31, 2016: Proceeds from Shares Sold $ 15,048,742 $ 2,339,795 $ 4,555,294 N/A N/A $ 21,943,831 Proceeds from Shares Issued through Reinvestment of Distributions $ 457,878 $ 34,992 $ 109,732 N/A N/A $ 602,602 As of March 31, 2017 and December 31, 2016, none of the LLC’s preferred shares were issued and outstanding. The LLC Agreement authorizes the board of directors, without approval of any of the members, to increase the number of shares the company is authorized to issue and to classify and reclassify any authorized but unissued class or series of shares into any other class or series of shares having such designations, preferences, right, power and duties as may be specified by the board of directors. The LLC Agreement also authorizes the board of directors, without approval of any of the members, to issue additional shares of any class or series for the consideration and on the terms and conditions established by the board of directors. In addition, the company may also issue additional limited liability company interests that have designations, preferences, right, powers and duties that are different from, and may be senior to, those applicable to the common shares. The Special Unitholder will hold the special unit in the company. Refer to Note 5 for the terms of the special unit. The proceeds related to the shareholder receivable amount of $202,728 presented on the consolidated statements of assets and liabilities as of March 31, 2017 was subsequently collected on April 3, 2017. Distribution Reinvestment Plan The company adopted a distribution reinvestment plan (“DRP”) through which the company’s Class A, C and I shareholders may elect to purchase additional shares with distributions from the company rather than receiving the cash distributions. The board of directors may reallocate the shares between the public offering and the DRP. Shares issued pursuant to the DRP will have the same voting rights as shares offered pursuant to the public offering. As of March 31, 2017 and December 31, 2016, $50,000,000 in shares were allocated for use in the DRP. During this offering, the purchase price of shares purchased through the DRP will be at a price equal to the then current net offering price per share. No dealer manager fees, selling commissions or other sales charges will be paid with respect to shares purchased pursuant to the DRP except for distribution fees on Class C shares issued under the DRP. At its discretion, the board of directors may amend, suspend, or terminate the DRP. A participant may terminate participation in the DRP by written notice to the plan administrator, received by the plan administrator at least 10 days prior to the distribution payment date. As of March 31, 2017 and December 31, 2016, 592,746 and 478,421 shares, respectively, were issued under the DRP. Share Repurchase Program During the quarter ended September 30, 2015, the company commenced a share repurchase program, or “share repurchase program”, pursuant to which quarterly share repurchases will be conducted, on up to approximately 5% of the weighted average number of outstanding shares in any 12-month period, to allow members who hold Class A, C or I shares to sell shares back to the company at a price equal to the then current offering price less the selling commissions and dealer manager fees associated with that class of shares. The company is not obligated to repurchase shares and the board of directors may terminate the share repurchase program at its sole discretion. The share repurchase program includes numerous restrictions that will limit a shareholders ability to sell shares. Unless the board of directors determines otherwise, the company limits the number of shares to be repurchased during any calendar year to the number of shares the company can repurchase with the proceeds received from the sale of shares under the DRP. At the sole discretion of the board of directors, the company may also use cash on hand, cash available from borrowings and cash from liquidation of investments to repurchase shares. In addition, the company plans to limit repurchases in each fiscal quarter to 1.25% of the weighted average number of shares outstanding in the prior four fiscal quarters. For the three months ended March 31, 2017, the company repurchased 91,293 Class A shares and 22,241 Class I shares at a total purchase of $842,358 and $205,221, respectively, pursuant to the company’s share repurchase program, including 39,537 shares from an affiliate of the advisor. For the three months ended March 31, 2016, the company repurchased 5,699 Class I shares at a total purchase price of $51,679 pursuant to the company’s share repurchase program. We have received an order for our repurchase program from the SEC under Rule 102(a) of Regulation M under the Exchange Act. In addition, our repurchase program is substantially similar to repurchase programs for which the SEC has stated it will not recommend enforcement action under Rule 13e-4 and Regulation 14E under the Exchange Act.

Distributions

Distributions	3 Months Ended
	Mar. 31, 2017
Distributions Made to Members or Limited Partners [Abstract]
Distributions	Note 8. Distributions On the last business day of each month, with the authorization of the company’s board of directors, the company declares distributions on each outstanding Class A, C, I, P-A and P-I share. These distributions are calculated based on shareholders of record for each day in amounts equal to that exhibited in the table below based upon distribution period and class of share. Class of Share Distribution Period A C I P-A P-I 1-Jan-15 31-Oct-15 $ 0.0016438 $ 0.0016438 $ 0.0016438 - - 1-Nov-15 31-Jan-16 $ 0.0016478 $ 0.0016478 $ 0.0016478 - - 1-Feb-16 30-Apr-16 $ 0.0016551 $ 0.0016551 $ 0.0016551 - - 1-May-16 31-Jul-16 $ 0.0016617 $ 0.0016617 $ 0.0016617 $ 0.0015826 $ 0.0015826 1-Aug-16 31-Oct-16 $ 0.0016766 $ 0.0016766 $ 0.0016766 $ 0.0015968 $ 0.0015968 1-Nov-16 31-Jan-17 $ 0.0016856 $ 0.0016402 $ 0.0016856 $ 0.0016036 $ 0.0016036 1-Feb-17 31-Mar-17 $ 0.0016807 $ 0.0016350 $ 0.0016807 $ 0.0015952 $ 0.0015952 The following table reflects the distributions declared during the three months ended March 31, 2017: Pay Date Paid in Cash Value of Shares Total February 1, 2017 $ 431,686 $ 349,842 $ 781,528 March 1, 2017 413,270 332,761 746,031 April 3, 2017 482,113 371,902 854,015 Total $ 1,327,069 1,054,505 2,381,574 The following table reflects the distributions declared during the three months ended March 31, 2016: Pay Date Paid in Cash Value of Shares Total February 1, 2016 $ 171,410 $ 185,680 $ 357,090 March 1, 2016 182,825 195,193 378,018 April 1, 2016 221,088 221,729 442,817 Total $ 575,323 $ 602,602 $ 1,177,925 All distributions paid for the three months ended March 31, 2017 are expected to be reported as a return of capital to stockholders for tax reporting purposes and all distributions paid for the three months ended March 31, 2016 were reported as a return of capital to stockholders for tax purposes. Cash distributions paid during the periods presented were funded from the following sources noted below: For the three months ended March 31, 2017 For the three months ended March 31, 2016 Cash from operations $ 960,306 $ — Offering proceeds 288,638 511,220 Total Cash Distributions $ 1,248,944 $ 511,220 The company expects to continue to fund distributions from a combination of cash from operations as well as offering proceeds until a minimum of $150,000,000 in net assets is reached, the portfolio is leveraged by at least 33% as well as being fully invested in operating assets.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies Legal proceedings: Pledge of collateral and unsecured guarantee of loans to subsidiaries: Pursuant to a credit agreement between Holdco and a financial institution, Holdco has pledged all solar operating assets as well as all membership interests in operating subsidiaries owned by Holdco as collateral for the loan. GREC and the company have provided an unsecured guaranty on approximately $4,100,000 on the term and revolving loans as of March 31, 2017. See Note 1 – Organization and Operations of the Company and Note 5 – Related Party Agreements and Transactions Agreements for an additional discussion of the company’s commitments and contingencies.

Financial Highlights

Financial Highlights	3 Months Ended
	Mar. 31, 2017
Financial Highlights
Financial Highlights.	Note 9. Financial Highlights The following is a schedule of financial highlights of the company attributed to Class A, C, I, P-A and P-I shares for the three months ended March 31, 2017. For the three months ended March 31, 2017 Class A Shares Class C Shares Class I Shares Class P-A Shares Class P-I Shares Per share data attributed to common shares (1): Net Asset Value at beginning of period $ 8.69 $ 8.44 $ 8.69 $ 8.67 $ 8.67 Net investment income (3) 0.09 0.09 0.09 0.09 0.09 Net unrealized appreciation (depreciation) on investments, net of incentive allocation to special unitholder (0.01 ) (0.01 ) (0.01 ) (0.01 ) (0.01 ) Change in translation of assets and liabilities denominated in foreign currencies (4) - - - - - Change in benefit from deferred taxes on unrealized appreciation on investments (0.01 ) (0.01 ) (0.01 ) (0.01 ) (0.01 ) Net increase in net assets attributed to common stockholders 0.07 0.07 0.07 0.07 0.07 Shareholder distributions: Distributions from net investment income (0.06 ) (0.06 ) (0.06 ) (0.06 ) (0.06 ) Distributions from offering proceeds (0.09 ) (0.09 ) (0.09 ) (0.08 ) (0.08 ) Offering costs and deferred sales commissions - (0.01 ) - - 0.07 Other (2) 0.03 0.05 0.03 0.07 0.02 Net increase (decrease) in members’ equity attributed to common shares (0.05 ) (0.04 ) (0.05 ) - 0.02 Net asset value for common shares at end of period $ 8.64 $ 8.40 $ 8.64 $ 8.67 $ 8.69 Common shareholders’ equity at end of period $ 101,548,859 $ 9,325,052 $ 26,128,016 $ 440,762 $ 6,690,974 Common shares outstanding at end of period 11,754,593 1,109,924 3,024,399 50,866 769,808 Ratio/Supplemental data for common shares (annualized): Total return attributed to common shares based on net asset value 1.07 % 1.17 % 1.07 % 1.65 % 1.89 % Ratio of net investment income to average net assets 4.30 % 4.42 % 4.29 % 4.29 % 4.28 % Ratio of operating expenses to average net assets 4.04 % 4.16 % 4.04 % 4.03 % 4.03 % Portfolio turnover rate 0.01 % 0.01 % 0.01 % 0.01 % 0.01 % (1) The per share data for Class A, C, I, P-A and P-I Shares were derived by using the weighted average shares outstanding during the three months ended March 31, 2017, which were 11,416,732, 1,074,545, 2,876,451, 48,667 and 436,098, respectively. (2) Represents the impact of different share amounts used in calculating certain per share data based on weighted average shares outstanding during the period and the impact of shares at a price other than the net asset value. (3) Does not reflect any incentive fees that may be payable to the Special Unitholder. (4) Amount is less than $0.01 per share. The following is a schedule of financial highlights of the company attributed to common stockholders for the three months ended March 31, 2016. The company’s income and expense is allocated pro-rata across the outstanding Class A, C and I shares as applicable, and, therefore, the financial highlights are equal for each of the outstanding classes, for the three months ended March 31, 2016. For the three Per share data attributed to common shares (1): Net Asset Value at beginning of period $ 8.54 Net investment income (4) - Net unrealized appreciation on investments, net of incentive allocation to special unitholder (0.05 ) Change in translation of assets and liabilities denominated in foreign currencies (0.01 ) Change in benefit from deferred taxes on unrealized appreciation on investments 0.24 Net increase in net assets resulting from operations 0.18 Shareholder distributions: Distributions from net investment income - Distributions from offering proceeds (0.15 ) Other (2) (0.01 ) Net increase in members’ equity attributed to common shares 0.02 Net asset value for common shares at end of period $ 8.56 Total return attributed to common shares based on net asset value (3) 1.92 % Common shareholders’ equity at end of period $ 78,800,618 Common shares outstanding at end of period 9,205,050 Ratio/Supplemental data for common shares (annualized) (3)(7): Ratio of net investment income to average net assets (5)(6) 0.30 % Ratio of operating expenses to average net assets (5)(6) 5.04 % Portfolio turnover rate N/A (1) The per share data was derived by using the weighted average shares outstanding during the three months ended March 31, 2016, which was 7,865,104. (2) Represents the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and organizational costs which are not included in operating expenses nor subject to the expense reimbursement agreement and the impact of shares at a price other than the net asset value. (3) Total return, ratio of net investment income and ratio of operating expenses to average net assets for the three months ended March 31,2016, prior to the effect of the expense assumption and reimbursement agreement and the management fee waiver were 2.15%, 1.39% and 3.95%, respectively. Allocation of net assets to special unitholder has not been included in determining net investment income or operating expenses used in the ratio calculations. (4) Does not reflect any incentive fees that may be payable to the Special Unitholder. (5) The company’s ratio of net investment income to average net assets and ratio of operating expenses to average net assets have been annualized for the three months ended March 31, 2016 assuming consistent results over a full fiscal year. (6) Organizational expenses included within the ratio are not annualized. (7) These ratios include the effect of the expense reimbursement

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 10. Subsequent Events The company’s management has evaluated subsequent events through the date of issuance of the consolidated financial statements. There have been no subsequent events that occurred during such period that would require disclosure in the consolidated financial statements or would be required to be recognized in the consolidated financial statements as of and for the three months ended March 31, 2017 (unaudited).

Significant Accounting Polici19

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The company’s consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), which requires the use of estimates, assumptions and the exercise of subjective judgment as to future uncertainties. Actual results could differ from those estimates, assumptions, and judgments. Significant items subject to such estimates will include determining the fair value of investments, revenue recognition, income tax uncertainties, and other contingencies. The consolidated financial statements of the company include the accounts of the LLC and its consolidated subsidiary, GREC. All intercompany accounts and transactions have been eliminated. The company’s consolidated financial statements are prepared using the specialized accounting principles of Accounting Standards Codification Topic 946, Financial Services—Investment Companies (“ASC Topic 946”). In accordance with this specialized accounting guidance, the company recognizes and carries all of its investments at fair value with changes in fair value recognized in earnings. Additionally, the company will not apply the consolidation or equity method of accounting to its investments. The company carries its liabilities at amounts payable, net of unamortized premiums or discounts. The company does not currently plan to elect to carry its non-investment liabilities at fair value. Net assets are calculated as the carrying amounts of assets, including the fair value of investments, less the carrying amounts of its liabilities. The financial information associated with the March 31, 2017 consolidated financial statements has been prepared by management and, in the opinion of management, contains all adjustments and eliminations, consisting of only normal recurring adjustments, necessary for a fair presentation in accordance with GAAP. The March 31, 2017 financial information has not been audited by the independent registered public accounting firm and they do not express an opinion thereon.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash consists of demand deposits at a financial institution. Such deposits may be in excess of the Federal Deposit Insurance Corporation insurance limits. The company has not experienced any losses in any such accounts. The company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Short-term investments that are cash equivalents are stated at cost, which approximates fair value. There are no restrictions on the use of the company’s cash as of March 31, 2017 and December 31, 2016.
Foreign Currency Translation	Foreign Currency Translation The accounting records of the company are maintained in U.S. Dollars. The fair value of investments and other assets and liabilities denominated in non-U.S. currencies are translated into U.S. Dollars using the exchange rate at the end of each reporting period. Amounts related to the purchases and sales of investments, investment income and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Net unrealized currency gains and losses arising from valuing foreign currency denominated assets and liabilities at the current exchange rate are reflected as part of net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies in the consolidated statements of operations. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities.
Valuation of Investments at Fair Value	Valuation of Investments at Fair Value Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures (“ASC Topic 820”) defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosures about fair value. The company recognizes and accounts for its investments at fair value. The fair value of the investments does not reflect transaction costs that may be incurred upon disposition of the investments. The advisor has established procedures to estimate the fair value of its investments which the company’s board of directors has reviewed and approved. The company will use observable market data to estimate the fair value of investments to the extent that market data is available. In the absence of quoted market prices in active markets, or quoted market prices for similar assets or in markets that are not active, the company will use the valuation methodologies described below with unobservable data based on the best available information in the circumstances, which incorporates the company’s assumptions about the factors that a market participant would use to value the asset. For investments for which quoted market prices are not available, which will comprise most of our investment portfolio, fair value will be estimated by using the income or market approach. The income approach is based on the assumption that value is created by the expectation of future benefits discounted to a current value and the fair value estimate is the amount an investor would be willing to pay to receive those future benefits. The market approach compares recent comparable transactions to the investment. Adjustments are made for any dissimilarity between the comparable transactions and the investments. These valuation methodologies involve a significant degree of judgment on the part of our advisor. In determining the appropriate fair value of an investment using these approaches, the most significant information and assumptions may include, as applicable: available current market data, including relevant and applicable comparable market transactions, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the investment’s ability to make payments, its earnings and discounted cash flows, the markets in which the project does business, comparisons of financial ratios of peer companies that are public, merger and acquisition comparables, the principal market and enterprise values, environmental factors, among other factors. The estimated fair values will not necessarily represent the amounts that may be ultimately realized due to the occurrence or nonoccurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of the valuation of the investments, the estimate of fair values may differ significantly from the value that would have been used had a broader market for the investments existed. The authoritative accounting guidance prioritizes the use of market-based inputs over entity-specific inputs and establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation. The three levels of valuation hierarchy are defined as follows: Level 1: Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. Valuation adjustments and block discounts are not applied to Level 1 measurements; Level 2: Valuations based on quoted prices in less active, dealer or broker markets. Fair values are primarily obtained from third-party pricing services or broker quotes for identical or comparable assets or liabilities; Level 3: Valuations derived from other valuation methodologies, including pricing models, discounted cash flow models and similar techniques, and not based on market, exchange, dealer, or broker-traded transactions. Level 3 valuations incorporate certain assumptions and projections that are not observable in the market and significant professional judgment in determining the fair value assigned to such assets or liabilities. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls will be determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment.
Calculation of Net Asset Value	Calculation of Net Asset Value Net asset value by class is calculated by subtracting total liabilities for each class from the total carrying amount of all assets for that class, which includes the fair value of investments. Net asset value per share is calculated by dividing net asset value for each class by the total number of outstanding common shares for that class on the reporting date.
Earnings (Loss) per Share	Earnings (Loss) per Share In accordance with the provisions of ASC Topic 260 — Earnings per Share (“ASC Topic 260”), basic earnings per share is computed by dividing earnings available to common shareholders by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis. The following information sets forth the computation of the weighted average basic and diluted net increase in net assets attributed to common stockholders per share for the three months ended March 31, 2017 and March 31, 2016: For the three For the three Basic and diluted Net increase in net assets attributed to common stockholders $ 1,080,650 $ 1,401,229 Weighted average common shares outstanding 15,849,356 7,865,104 Net increase in net assets attributed to common stockholders per share $ 0.07 $ 0.18
Revenue Recognition	Revenue Recognition Interest income is recorded on an accrual basis to the extent the company expects to collect such amounts. Interest receivable on loans and debt securities is not accrued for accounting purposes if there is reason to doubt an ability to collect such interest. Original issue discounts, market discounts or market premiums are accreted or amortized using the effective interest method as interest income. Prepayment premiums on loans and debt securities are recorded as interest income when received. Any application, origination or other fees earned by the company in arranging or issuing debt are amortized over the expected term of the loan. Loans are placed on non-accrual status when principal and interest are past due 90 days or more or when there is a reasonable doubt that principal or interest will be collected. Accrued interest is generally reversed when a loan is placed on non-accrual. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment. Non-accrual loans are generally restored to accrual status when past due and principal and interest is paid and, in management’s judgment, is likely to remain current. Dividend income is recorded (1) on the ex-dividend date for publicly issued securities and (2) when received from private investments. Dividends received from the company’s private investments, which generally reflect net cash flow from operations, are declared and paid on a quarterly basis at a minimum.
Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation on Investments	Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation on Investments Realized gains or losses will be measured as the difference between the net proceeds from the sale, repayment, or disposal of an asset and the adjusted cost basis of the asset, without regard to unrealized appreciation or depreciation previously recognized. Net change in unrealized appreciation or depreciation will reflect the change in investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation, when gains or losses are realized.
Payment-in-Kind Interest	Payment-in-Kind Interest For loans and debt securities with contractual payment-in-kind interest, any interest will be added to the principal balance of such investments and be recorded as income, if the valuation indicates that such interest is collectible.
Distribution Policy	Distribution Policy Distributions to members, if any, will be authorized and declared by our board of directors quarterly in advance and paid on a monthly basis. From time to time, we may also pay interim special distributions in the form of cash or shares, with the approval of our board of directors. Distributions will be made on all classes of shares at the same time. The cash distributions with respect to the Class C shares will be lower than the cash distributions with respect to the company’s other publicly offered share classes because of the distribution fee associated with the Class C shares, which is allocated specifically to Class C net assets. Amounts distributed to each class are allocated amongst the holders of the shares in such class in proportion to their shares. Distributions declared by our board of directors are recognized as distribution liabilities on the ex-dividend date.
Organization and Offering Costs	Organization and Offering Costs Organization and offering costs (“O&O costs”), other than sales commissions and the dealer manager fee, are initially being paid by our advisor and/or dealer manager on behalf of the company. These O&O costs include all costs to be paid by the company in connection with its formation and the offering of its shares pursuant to now terminated Registration Statement on Form S-1 (File No. 333-178786-01), the current Registration Statement on Form S-1 (File No. 333-211571) and a private placement memorandum, including legal, accounting, printing, mailing and filing fees, charges of the company’s escrow holder, transfer agent fees, due diligence expense reimbursements to participating broker-dealers included in detailed and itemized invoices and costs in connection with administrative oversight of the offering and marketing process, and preparing supplemental sales materials, holding educational conferences, and attending retail seminars conducted by broker-dealers. While the total O&O costs for the public offering shall be reasonable and shall in no event exceed an amount equal to 15% of the gross proceeds of this offering and the DRP, the company is targeting no more than 4.0% of the gross proceeds for O&O costs other than sales commissions and dealer manager fees in the current Registraion Statement. The company is obligated to reimburse our advisor for O&O costs that it incurs on behalf of the company, in accordance with the advisory agreement, but only to the extent that the reimbursement would not cause the selling commissions, the dealer manager fee and the other organization and offering expenses borne by the company to exceed 15% of gross offering proceeds as of the date of reimbursement. Total O&O costs related to the terminated Registration Statement amounted to approximately $7,556,000 or 4.8% of gross offering proceeds. The costs incurred by our advisor and/or dealer manager are recognized as a liability of the company to the extent that the company is obligated to reimburse our advisor and/or dealer manager, subject to the 15% of gross offering proceeds limitation described above. When recognized by the company, organizational costs are expensed and offering costs, excluding selling commissions and dealer manager fees, are recognized as a reduction of the proceeds from the offering. The following table provides information in regard to the status of O&O costs (in 000’s) as of March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 Total O&O Costs Incurred by the Advisor and Dealer Manager $ 8,078 $ 7,498 Amounts previously reimbursed to the Advisor/Dealer Manager by the company 7,681 7,362 Amounts payable to Advisor/Dealer Manager by the company 73 136 Amounts of the contingent liability subject to payment by the company only upon adequate gross offering proceeds being raised 324 —
Financing Costs	Financing Costs Financing costs related to debt liabilities incurred by the company, GREC or any wholly-owned holding company formed specifically to be a credit agreement counterparty are presented on the consolidated statements of assets and liabilities as a direct deduction from the carrying amount of that debt liability. Financing costs are deferred and amortized using the straight line method over the life of the debt liability.
Capital Gains Incentive Allocation and Distribution	Capital Gains Incentive Allocation and Distribution Pursuant to the terms of the LLC’s amended and restated limited liability company agreement, a capital gains incentive distribution will be earned by an affiliate of our advisor on realized gains from the sale of investments from the company’s portfolio during operations prior to a liquidation of the company. While the terms of the advisory agreement neither include nor contemplate the inclusion of unrealized gains in the calculation of the capital gains incentive distribution, pursuant to an interpretation of an American Institute for Certified Public Accountants Technical Practice Aid for investment companies, the company will include unrealized gains in the calculation of the capital gains incentive distribution expense and related capital gains incentive fee payable. This amount reflects the incentive distribution that would be payable if the company’s entire portfolio was liquidated at its fair value as of the consolidated statements of assets and liabilities date even though the advisor is not entitled to an incentive distribution with respect to unrealized gains unless and until such gains are actually realized. Thus on each date that net asset value is calculated, the company calculates for the capital gains incentive distribution by calculating such distribution as if it were due and payable as of the end of such period. As of March 31, 2017 and December 31, 2016, a capital gains incentive distribution allocation in the amounts of nil and $586, respectively, was recorded based primarily upon appreciation on investments.
Deferred Sales Commissions	Deferred Sales Commissions The company defers certain costs, principally sales commissions and related compensation, which are paid to the dealer manager and may be reallowed to financial advisors and broker/dealers in the future in connection with the sale of Class C shares sold with a reduced front-end load sales charge. The costs expected to be incurred at the time of the sale of Class C shares are recorded as a liability on the date of sale and are amortized on a straight-line basis over the period beginning at the time of sale and ending on the date which approximates an expected liquidity event for the company. Prior to June 30, 2016, the company did not record a liability at time of the sale for expected deferred sales commissions. As of March 31, 2017 and December 31, 2016, the company recorded a liability for deferred sales commissions in the amount of $191,313 and $203,357, respectively.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with current year presentation.
Derivative Instruments	Derivative Instruments The company may utilize interest rate swaps to modify interest rate characteristics of certain liabilities to manage its exposure to interest rate fluctuations. Changes in the fair value of the interest rate swaps during the period are recognized in the accompanying consolidated statements of operations where the company, GREC or any wholly-owned holding company formed specifically to be a credit agreement counterparty is the counterparty and in the change in fair value of investments if a subsidiary of the company is the counterparty. While we are currently of the opinion that the currency fluctuation between the Canadian and U.S. Dollar will not have a material impact on our operating results, we may in the future enter into derivatives or other financial instruments in an attempt to hedge our foreign currency exchange risk if we believe not doing so would have a material impact our results of operations.
Income Taxes	Income Taxes The LLC intends to operate so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code. As such, it will not be subject to any U.S. federal and state income taxes. In any particular year it is possible that the LLC will not meet the qualifying income exception and will not qualify to be treated as a partnership. If the LLC does not meet the qualifying income exception, the members would then be treated as stockholders in a corporation and the company would become taxable as a corporation for U.S. federal income tax purposes under the Internal Revenue Code. The LLC would be required to pay income tax at corporate rates on its net taxable income. Distributions to members from the LLC would constitute dividend income taxable to such members, to the extent of the company’s earnings and profits and the payment of the distributions would not be deductible by the LLC. The LLC plans to conduct substantially all of its operations through its wholly-owned subsidiary, GREC, which is a corporation that is subject to U.S. federal, state and local income taxes. Accordingly, most of its operations will be subject to U.S. federal, state and local income taxes. Income taxes are accounted for under the assets and liabilities method. Deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to differences between items that are recognized in the consolidated financial statements and tax returns in different years. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. For income tax benefits to be recognized including uncertain tax benefits, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of the benefit that is more likely than not to be realized upon ultimate settlement. A valuation allowance is established against net deferred tax assets if, based on the weight of available evidence, it is more likely than not that some or all of the net deferred tax assets will not be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Interest and penalties associated with income taxes, if any, will be recognized in general and administrative expense. The company does not consolidate its investments for financial statements, rather it accounts for its investments at fair value under the specialized accounting of ASC Topic 946. The tax attributes of the individual investments will be considered and incorporated in the company’s fair value estimates for those investments. The amounts recognized in the consolidated financial statements for unrealized appreciation and depreciation will result in a difference between the consolidated financial statements and the cost basis of the assets for tax purposes. These differences will be recognized as deferred tax assets and liabilities. Generally, the entities that hold the company’s investments will be included in the consolidated tax return of GREC and the differences between the amounts recognized for financial statement purposes and the tax return will be recognized as additional deferred tax assets and liabilities. The company follows the authoritative guidance on accounting for uncertainty in income taxes and concluded it has no material uncertain tax positions to be recognized at this time. The company assessed its tax positions for all open tax years as of March 31, 2017 for all U.S. federal and state tax jurisdictions for the years 2013 through 2016. The results of this assessment are included in the company’s tax provision and deferred tax assets as of March 31, 2017
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Under the Jumpstart Our Business Startups Act (the “JOBS Act”), emerging growth companies can delay the adoption of new or revised accounting standards until such time as those standards apply to private companies. The company is choosing not to take advantage of the extended transition period for complying with new or revised accounting standards. In October 2016, the U.S. Securities and Exchange Commission adopted new rules and amended existing rules (together, the "final rules") intended to modernize the reporting and disclosure of information by registered investment companies. In part, the final rules amend Regulation S-X and require standardized, enhanced disclosure about derivatives in investment company financial statements, as well as other amendments. The compliance date for the amendments to Regulation S-X is August 1, 2017. Management is currently evaluating the impact that the adoption of the amendments to Regulation S-X will have on the company’s consolidated financial statements and related disclosures. On August 26, 2016, the FASB issued ASU 2016-15, Statement of Cash Flows, or ASU 2016-15. ASU 2016-15 is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. ASU 2016-15 addresses eight classification issues related to the statement of cash flows: 1) debt prepayment or debt extinguishment costs; 2) settlement of zero-coupon bonds; 3) contingent consideration payments made after a business combination; 4) proceeds from the settlement of insurance claims; 5) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies; 6) distributions received from equity method investees; 7) beneficial interests in securitization transactions; and 8) separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for public business entities for annual and interim periods in fiscal years beginning after December 15, 2017. Entities should apply this ASU using a retrospective transition method to each period presented. The company is in the process of evaluating the impact, if any, that ASU 2016-15 will have on the company’s consolidated financial statements. In January 2016, the FASB issued ASU No. 2016-01 regarding “Recognition and Measurement of Financial Assets and Financial Liabilities”. The new guidance is intended to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information and addresses certain aspects of the recognition, measurement, presentation, and disclosure of financial instruments. The new standard affects all entities that hold financial assets or owe financial liabilities. The new guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. At this time, management is evaluating the implications of ASU No. 2016-01, and its impact on the company’s consolidated financial statements and disclosures has not yet been determined.
Updated Footnote Disclosure	Updated Footnote Disclosure Certain footnote disclosures have been updated to enhance information presented pertaining to the value of shares sold and shares issued through the reinvestment of distributions. The impact of these additional disclosures is not material to the previously issued consolidated financial statements as of and for the three months ended March 31, 2016.

Significant Accounting Polici20

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Schedule of earnings (loss) per share	The following information sets forth the computation of the weighted average basic and diluted net increase in net assets attributed to common stockholders per share for the three months ended March 31, 2017 and March 31, 2016: For the three For the three Basic and diluted Net increase in net assets attributed to common stockholders $ 1,080,650 $ 1,401,229 Weighted average common shares outstanding 15,849,356 7,865,104 Net increase in net assets attributed to common stockholders per share $ 0.07 $ 0.18
Schedule of status of O&O costs	The following table provides information in regard to the status of O&O costs (in 000’s) as of March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 Total O&O Costs Incurred by the Advisor and Dealer Manager $ 8,078 $ 7,498 Amounts previously reimbursed to the Advisor/Dealer Manager by the company 7,681 7,362 Amounts payable to Advisor/Dealer Manager by the company 73 136 Amounts of the contingent liability subject to payment by the company only upon adequate gross offering proceeds being raised 324

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of investments by geographic region	The composition of the company’s investments as of March 31, 2017 by geographic region, at amortized cost and fair value, were as follows: Investments at Investments at Fair Value United States: East Region $ 35,510,493 34,217,044 26.2 % Mid-West Region 1,035,005 1,108,707 0.9 Mountain Region 49,236,531 51,181,289 39.3 South Region 33,855,182 32,527,883 24.9 West Region 9,252,988 9,417,537 7.2 Total United States $ 128,890,199 128,452,460 98.5 % Canada 1,603,136 1,930,981 1.5 Total $ 130,493,335 130,383,441 100.0 % The composition of the company’s investments as of December 31, 2016 by geographic region, at amortized cost and fair value, were as follows: Investments at Investments at Fair Value United States: East Region $ 31,340,575 30,469,589 26.5 % Mid-West Region 935,103 1,025,354 0.9 Mountain Region 46,145,555 $ 47,846,814 41.5 South Region 29,929,892 28,553,024 24.8 West Region 5,170,489 5,413,151 4.7 Total United States $ 113,521,614 $ 113,307,932 98.4 % Canada: 1,603,136 1,815,169 1.6 Total $ 115,124,750 $ 115,123,101 100.0 %
Schedule of investments by industry	The composition of the company’s investments as of March 31, 2017 by industry, at amortized cost and fair value, were as follows: Investments at Cost Investments at Fair Fair Value Alternative Energy - Solar $ 85,837,592 $ 84,221,701 64.6 % Alternative Energy - Wind 43,402,428 44,887,459 34.4 Energy Efficiency - Lighting Replacement 1,253,315 1,274,281 1.0 Total $ 130,493,335 $ 130,383,441 100.0 % The composition of the company’s investments as of December 31, 2016 by industry, at amortized cost and fair value, were as follows: Investments at Cost Investments at Fair Fair Value Alternative Energy - Solar $ 71,564,589 $ 70,161,838 60.9 % Alternative Energy - Wind 42,277,428 43,643,215 37.9 Energy Efficiency - Lighting Replacement 1,282,733 1,318,048 1.2 Total $ 115,124,750 $ 115,123,101 100.0

Fair Value Measurements - Inv22

Fair Value Measurements - Investment (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of fair value measurements of investments, by major class	The following table presents fair value measurements of investments, by major class, as of March 31, 2017, according to the fair value hierarchy: Valuation Inputs Level 1 Level 2 Level 3 Fair Value Limited Liability Company Member Interests $ — $ — $ 127,696,089 $ 127,696,089 Capital Stock — — 1,930,981 1,930,981 Energy Efficiency Secured Loans — — 756,371 756,371 Total $ — $ — $ 130,383,441 $ 130,383,441 The following table presents fair value measurements of investments, by major class, as of December 31, 2016, according to the fair value hierarchy: Valuation Inputs Level 1 Level 2 Level 3 Fair Value Limited Liability Company Member Interests $ — $ — $ 112,536,561 $ 112,536,561 Capital Stock — — 1,815,169 1,815,169 Energy Efficiency Secured Loans — — 771,371 771,371 Total $ — $ — $ 115,123,101 $ 115,123,101
Schedule of reconciliation of beginning and ending balances for investments and secured borrowings	The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the three months ended March 31, 2017: Net change in Translation of assets Balance as of unrealized appreciation and liabilities Sales and Balance as of December 31, (depreciation) on denominated in Purchases and other Repayments of March 31, 2016 investments foreign currencies adjustments to cost (1) investments (2) 2017 Limited Liability Company Member Interests $ 112,536,561 $ (224,057 ) $ - $ 15,383,585 $ - $ 127,696,089 Capital Stock 1,815,169 102,879 12,933 - - 1,930,981 Energy Efficiency - Secured Loans 771,371 - - - (15,000 ) 756,371 Total $ 115,123,101 $ (121,178 ) $ 12,933 $ 15,383,585 $ (15,000 ) $ 130,383,441 (1) Includes purchases of new investments, capitalized deal costs, effects of purchase price adjustments, paid-in-kind interest, return of capital and additional investments in existing investments, if any. (2) Includes principal repayments on loans. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the three months ended March 31, 2016: Balance as of Net change in Translation Purchases and Repayments Transfers in Transfers out Balance as of Limited Liability Company Member Interests $ 48,708,304 $ (890,753 ) $ — $ 5,165,000 $ — $ 264,424 $ — $ 53,246,975 Capital Stock 1,562,967 357,023 (100,317 ) — — — — 1,819,673 Energy Efficiency Secured Loans 1,183,295 — — — — — (264,424 ) 918,871 Total $ 51,454,566 $ (533,730 ) $ (100,317 ) $ 5,165,000 $ — $ 264,424 $ (264,424 ) 55,985,519 (1) Includes purchases of new investments, capitalized deal costs, effects of purchase price adjustments, paid-in-kind interest, return of capital and additional investments in existing investments, if any.
Schedule of quantitative information about level 3 fair value measurements	As of March 31, 2017, all of the company’s portfolio investments utilized Level 3 inputs. The following table presents the quantitative information about Level 3 fair value measurements of the company’s investments as of March 31, 2017: Fair Value Valuation Unobservable Rates/Assumptions Alternative Energy - Solar $ 84,221,701 Income approach Discount rate, future kWh Production, potential leverage and estimated remaining useful life 7.25% - 9.25%, 0.50% annual degradation in production, 14.0 – 34.8 years Alternative Energy – Wind $ 44,887,459 Income approach Discount rate, future kWh Production, potential leverage and estimated remaining useful life 8.50%, no annual degradation in production, 28.4 – 29.5 years Energy Efficiency- Secured Loans and Leases– Lighting Replacement $ 1,274,281 Income and collateral based approach Market yields and value of collateral 10.25% - 20.40% As of December 31, 2016, all of the company’s portfolio investments utilized Level 3 inputs. The following table presents the quantitative information about Level 3 fair value measurements of the company’s investments as of December 31, 2016: Fair Value Valuation Unobservable Rates/Assumptions Alternative Energy - Solar $ 70,161,838 Income approach Discount rate, future kWh Production, potential leverage and estimated remaining useful life 7.0% - 9.25%, 0.50% annual degradation in production, 31.7 years Alternative Energy – Wind $ 43,643,215 Income approach Discount rate, future kWh Production, potential leverage and estimated remaining useful life 7.75%, no annual degradation in production, 33.3 years Energy Efficiency- Secured Loans and Leases – Lighting Replacement $ 1,318,048 Income and collateral based approach Market yields and value of collateral 10.25% - 21.31%

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Schedule of outstanding debt	The company’s outstanding debt as of March 31, 2017 and December 31, 2016 was as follows: March 31, 2017 December 31, 2016 Aggregate Principal Carrying Deferred Term Note Aggregate Principal Carrying Deferred Term Note Revolver $ 33,250,000 $ — $ — $ — $ — $ 33,250,000 $ — $ — $ — $ — Facility 1 Term Loan — 4,108,888 4,108,888 860,600 3,248,288 — 4,180,554 4,180,554 910,155 3,270,399 Total $ 33,250,000 $ 4,108,888 $ 4,108,888 $ 860,600 $ 3,248,288 $ 33,250,000 $ 4,180,554 $ 4,180,554 $ 910,155 $ 3,270,399
Schedule of weighted average outstanding debt balance for credit facility	The following table shows the components of interest expense, commitment fees related to the Revolving Facility, amortized deferred financing costs, weighted average stated interest rate and weighted average outstanding debt balance for the credit facility for the three months ended March 31, 2017: For the three months Revolver interest $ 51,525 Revolver commitment fee 21,012 Facility 1 Term Loan interest 11,879 Amortization of deferred financing costs 49,554 Unrealized gain on interest rate swap $ (9,039 ) Total 124,931 Weighted average interest rate on credit facility 4.92 % Weighted average outstanding balance of credit facility $ 4,156,655 The following table shows the components of interest expense, commitment fees related to the Revolving Facility, amortized deferred financing costs, weighted average stated interest rate and weighted average outstanding debt balance for the credit facility for the period July 11, 2016 through December 31, 2016: For the period July 11, Revolver interest $ 164,179 Revolver commitment fee 29,927 Facility 1 Term Loan interest 96,248 Amortization of deferred financing costs 95,339 Unrealized gain on interest rate swap $ (90,697 ) Total 294,996 Weighted average interest rate on credit facility 4.37 % Weighted average outstanding balance of credit facility $ 10,991,000
Schedule of principal payments due on borrowings	The principal payments due on borrowings for each of the next five years ending December 31 and thereafter, are as follows: Year ending December 31: Principal Payments 2017 215,001 2018 286,668 2019 286,668 2020 286,668 2021 3,033,883 $ 4,108,888

Members' Equity (Tables)

Members' Equity (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of shares issued and outstanding	The following table is a summary of the shares issued and repurchased during the period and outstanding as of March 31, 2017: Shares Outstanding as Shares Issued Shares Repurchased Shares Outstanding as Class A shares 10,878,502 967,384 (91,293 ) 11,754,593 Class C shares 1,041,836 68,088 — 1,109,924 Class I shares 2,754,491 292,149 (22,241 ) 3,024,399 Class P-A shares 47,774 3,092 — 50,866 Class P-I Shares 199,319 570,489 — 769,808 Total 14,921,922 1,901,202 (113,534 ) 16,709,590 The following table is a summary of the shares issued during the period and outstanding as of December 31, 2016: Shares Outstanding as Shares Issued Shares Repurchased Shares Outstanding as Class A shares 5,420,728 5,719,394 (261,620 ) 10,878,502 Class C shares 248,456 793,380 — 1,041,836 Class I shares 1,052,783 1,726,743 (25,035 ) 2,754,491 Class P-A shares — 47,774 — 47,774 Class P-I Shares — 199,319 — 199,319 Total 6,721,967 8,486,610 (286,655 ) 14,921,922 The proceeds from shares sold and the value of shares issued through the reinvestment of distributions for each class of shares for the three months ended March 31, 2017 and March 31, 2016 were as follows: Class A Shares Class C Shares Class I Shares Class P-A Class P-I Total For the three months ended March 31, 2017: Proceeds from Shares Sold $ 8,239,743 $ 555,690 $ 2,448,279 $ 27,075 $ 5,015,000 $ 16,285,787 Proceeds from Shares Issued through Reinvestment of Distributions $ 717,291 $ 85,994 $ 251,220 $ — $ — $ 1,054,505 For the three months ended March 31, 2016: Proceeds from Shares Sold $ 15,048,742 $ 2,339,795 $ 4,555,294 N/A N/A $ 21,943,831 Proceeds from Shares Issued through Reinvestment of Distributions $ 457,878 $ 34,992 $ 109,732 N/A N/A $ 602,602

Distributions (Tables)

Distributions (Tables)	3 Months Ended
	Mar. 31, 2017
Distributions Made to Members or Limited Partners [Abstract]
Schedule of distributions declared	These distributions are calculated based on shareholders of record for each day in amounts equal to that exhibited in the table below based upon distribution period and class of share. Class of Share Distribution Period A C I P-A P-I 1-Jan-15 31-Oct-15 $ 0.0016438 $ 0.0016438 $ 0.0016438 - - 1-Nov-15 31-Jan-16 $ 0.0016478 $ 0.0016478 $ 0.0016478 - - 1-Feb-16 30-Apr-16 $ 0.0016551 $ 0.0016551 $ 0.0016551 - - 1-May-16 31-Jul-16 $ 0.0016617 $ 0.0016617 $ 0.0016617 $ 0.0015826 $ 0.0015826 1-Aug-16 31-Oct-16 $ 0.0016766 $ 0.0016766 $ 0.0016766 $ 0.0015968 $ 0.0015968 1-Nov-16 31-Jan-17 $ 0.0016856 $ 0.0016402 $ 0.0016856 $ 0.0016036 $ 0.0016036 1-Feb-17 31-Mar-17 $ 0.0016807 $ 0.0016350 $ 0.0016807 $ 0.0015952 $ 0.0015952 The following table reflects the distributions declared during the three months ended March 31, 2017: Pay Date Paid in Cash Value of Shares Issued under DRP Total February 1, 2017 $ 431,686 $ 349,842 $ 781,528 March 1, 2017 413,270 332,761 746,031 April 3, 2017 482,113 371,902 854,015 Total $ 1,327,069 1,054,505 2,381,574 The following table reflects the distributions declared during the three months ended March 31, 2016: Pay Date Paid in Cash Value of Shares Issued under DRP Total February 1, 2016 $ 171,410 $ 185,680 $ 357,090 March 1, 2016 182,825 195,193 378,018 April 1, 2016 221,088 221,729 442,817 Total $ 575,323 $ 602,602 $ 1,177,925 Cash distributions paid during the periods presented were funded from the following sources noted below: For the three months ended March 31, 2017 For the three months ended March 31, 2016 Cash from operations $ 960,306 $ — Offering proceeds 288,638 511,220 Total Cash Distributions $ 1,248,944 $ 511,220

Financial Highlights (Tables)

Financial Highlights (Tables)	3 Months Ended
	Mar. 31, 2017
Financial Highlights
Schedule of financial highlights of company's income and expense	The following is a schedule of financial highlights of the company attributed to Class A, C, I, P-A and P-I shares for the three months ended March 31, 2017. For the three months ended March 31, 2017 Class A Shares Class C Shares Class I Shares Class P-A Shares Class P-I Shares Per share data attributed to common shares (1): Net Asset Value at beginning of period $ 8.69 $ 8.44 $ 8.69 $ 8.67 $ 8.67 Net investment income (3) 0.09 0.09 0.09 0.09 0.09 Net unrealized appreciation (depreciation) on investments, net of incentive allocation to special unitholder (0.01 ) (0.01 ) (0.01 ) (0.01 ) (0.01 ) Change in translation of assets and liabilities denominated in foreign currencies (4) - - - - - Change in benefit from deferred taxes on unrealized appreciation on investments (0.01 ) (0.01 ) (0.01 ) (0.01 ) (0.01 ) Net increase in net assets attributed to common stockholders 0.07 0.07 0.07 0.07 0.07 Shareholder distributions: Distributions from net investment income (0.06 ) (0.06 ) (0.06 ) (0.06 ) (0.06 ) Distributions from offering proceeds (0.09 ) (0.09 ) (0.09 ) (0.08 ) (0.08 ) Offering costs and deferred sales commissions - (0.01 ) - - 0.07 Other (2) 0.03 0.05 0.03 0.07 0.02 Net increase (decrease) in members’ equity attributed to common shares (0.05 ) (0.04 ) (0.05 ) - 0.02 Net asset value for common shares at end of period $ 8.64 $ 8.40 $ 8.64 $ 8.67 $ 8.69 Common shareholders’ equity at end of period $ 101,548,859 $ 9,325,052 $ 26,128,016 $ 440,762 $ 6,690,974 Common shares outstanding at end of period 11,754,593 1,109,924 3,024,399 50,866 769,808 Ratio/Supplemental data for common shares (annualized): Total return attributed to common shares based on net asset value 1.07 % 1.17 % 1.07 % 1.65 % 1.89 % Ratio of net investment income to average net assets 4.30 % 4.42 % 4.29 % 4.29 % 4.28 % Ratio of operating expenses to average net assets 4.04 % 4.16 % 4.04 % 4.03 % 4.03 % Portfolio turnover rate 0.01 % 0.01 % 0.01 % 0.01 % 0.01 % (1) The per share data for Class A, C, I, P-A and P-I Shares were derived by using the weighted average shares outstanding during the three months ended March 31, 2017, which were 11,416,732, 1,074,545, 2,876,451, 48,667 and 436,098, respectively. (2) Represents the impact of different share amounts used in calculating certain per share data based on weighted average shares outstanding during the period and the impact of shares at a price other than the net asset value. (3) Does not reflect any incentive fees that may be payable to the Special Unitholder. (4) Amount is less than $0.01 per share. The following is a schedule of financial highlights of the company attributed to common stockholders for the three months ended March 31, 2016. The company’s income and expense is allocated pro-rata across the outstanding Class A, C and I shares as applicable, and, therefore, the financial highlights are equal for each of the outstanding classes, for the three months ended March 31, 2016. For the three Per share data attributed to common shares (1): Net Asset Value at beginning of period $ 8.54 Net investment income (4) - Net unrealized appreciation on investments, net of incentive allocation to special unitholder (0.05 ) Change in translation of assets and liabilities denominated in foreign currencies (0.01 ) Change in benefit from deferred taxes on unrealized appreciation on investments 0.24 Net increase in net assets resulting from operations 0.18 Shareholder distributions: Distributions from net investment income - Distributions from offering proceeds (0.15 ) Other (2) (0.01 ) Net increase in members’ equity attributed to common shares 0.02 Net asset value for common shares at end of period $ 8.56 Total return attributed to common shares based on net asset value (3) 1.92 % Common shareholders’ equity at end of period $ 78,800,618 Common shares outstanding at end of period 9,205,050 Ratio/Supplemental data for common shares (annualized) (3)(7): Ratio of net investment income to average net assets (5)(6) 0.30 % Ratio of operating expenses to average net assets (5)(6) 5.04 % Portfolio turnover rate N/A (1) The per share data was derived by using the weighted average shares outstanding during the three months ended March 31, 2016, which was 7,865,104. (2) Represents the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and organizational costs which are not included in operating expenses nor subject to the expense reimbursement agreement and the impact of shares at a price other than the net asset value. (3) Total return, ratio of net investment income and ratio of operating expenses to average net assets for the three months ended March 31,2016, prior to the effect of the expense assumption and reimbursement agreement and the management fee waiver were 2.15%, 1.39% and 3.95%, respectively. Allocation of net assets to special unitholder has not been included in determining net investment income or operating expenses used in the ratio calculations. (4) Does not reflect any incentive fees that may be payable to the Special Unitholder. (5) The company’s ratio of net investment income to average net assets and ratio of operating expenses to average net assets have been annualized for the three months ended March 31, 2016 assuming consistent results over a full fiscal year. (6) Organizational expenses included within the ratio are not annualized. (7) These ratios include the effect of the expense reimbursement

Organization and Operations o27

Organization and Operations of the Company (Details Narrative) - Maximum [Member] - USD ($)	Mar. 31, 2017	Jul. 25, 2013
Distribution Reinvestment Plan [Member]
Dollar value of shares offering	$ 200,000,000	$ 250,000,000
Limited Liability Company [Member]
Dollar value of shares offering	$ 1,000,000,000	$ 1,500,000,000

Significant Accounting Polici28

Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Basic and diluted
Net increase in net assets attributed to common stockholders	$ 1,080,650	$ 1,401,229
Weighted average common shares outstanding (in shares)	15,849,356	7,865,104
Net increase in net assets attributed to common stockholders per share (in dollars per share)	$ 0.07	$ 0.18

Significant Accounting Polici29

Significant Accounting Policies (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Amounts payable to Advisor/Dealer Manager by the company		$ 36,694
Advisor And Dealer Manager [Member]
Total O&O Costs Incurred by the Advisor and Dealer Manager	$ 8,078,000	7,498,000
Amounts previously reimbursed to the Advisor/Dealer Manager by the company	7,681,000	7,362,000
Amounts payable to Advisor/Dealer Manager by the company	73,000	136,000
Amounts of the contingent liability subject to payment by the company only upon adequate gross offering proceeds being raised	$ 324,000

Significant Accounting Polici30

Significant Accounting Policies (Details Narrative) - USD ($)	Feb. 07, 2017	Mar. 31, 2017	Dec. 31, 2016
Capital gains incentive distribution allocation			$ 586
Deferred sales commissions		$ 191,313	$ 203,357
Greenbacker Capital Management LLC [Member]
Limit of offering costs reimbursement to advisor		15.00%
Target offering expense ratio		4.00%
Percentage of reimbursement out of gross offering proceeds		15.00%
Organization and offering costs due to termination of registration statement		$ 7,556,000
Percentage of organization and offering costs due to termination of registration statement	4.80%	4.80%

Investments (Details)

Investments (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Investment Holdings [Line Items]
Investments at Cost	$ 130,493,335	$ 115,124,750
Investments at Fair Value	$ 130,383,441	$ 115,123,101
Fair Value Percentage of Total Portfolio	100.00%	100.00%
Total United States [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 128,890,199	$ 113,521,614
Investments at Fair Value	$ 128,452,460	$ 113,307,932
Fair Value Percentage of Total Portfolio	98.50%	98.40%
Canada [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 1,603,136	$ 1,603,136
Investments at Fair Value	$ 1,930,981	$ 1,815,169
Fair Value Percentage of Total Portfolio	1.50%	1.60%
South Region [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 33,855,182	$ 29,929,892
Investments at Fair Value	$ 32,527,883	$ 28,553,024
Fair Value Percentage of Total Portfolio	24.90%	24.80%
East Region [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 35,510,493	$ 31,340,575
Investments at Fair Value	$ 34,217,044	$ 30,469,589
Fair Value Percentage of Total Portfolio	26.20%	26.50%
Mountain Region [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 49,236,531	$ 46,145,555
Investments at Fair Value	$ 51,181,289	$ 47,846,814
Fair Value Percentage of Total Portfolio	39.30%	41.50%
West Region [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 9,252,988	$ 5,170,489
Investments at Fair Value	$ 9,417,537	$ 5,413,151
Fair Value Percentage of Total Portfolio	7.20%	4.70%
Mid-West Region [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 1,035,005	$ 935,103
Investments at Fair Value	$ 1,108,707	$ 1,025,354
Fair Value Percentage of Total Portfolio	0.90%	0.90%

Investments (Details 1)

Investments (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Investment Holdings [Line Items]
Investments at Cost	$ 130,493,335	$ 115,124,750
Investments at Fair Value	$ 130,383,441	$ 115,123,101
Fair Value Percentage of Total Portfolio	100.00%	100.00%
Alternative Energy - Solar [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 85,837,592	$ 71,564,589
Investments at Fair Value	$ 84,221,701	$ 70,161,838
Fair Value Percentage of Total Portfolio	64.60%	60.90%
Alternative Energy - Wind [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 43,402,428	$ 42,277,428
Investments at Fair Value	$ 44,887,459	$ 43,643,215
Fair Value Percentage of Total Portfolio	34.40%	37.90%
Energy Efficiency Secured Loans - Lighting Replacement [Member]
Investment Holdings [Line Items]
Investments at Cost	$ 1,253,315	$ 1,282,733
Investments at Fair Value	$ 1,274,281	$ 1,318,048
Fair Value Percentage of Total Portfolio	1.00%	1.20%

Investments (Details Narrative)

Investments (Details Narrative)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Description of control investment	Investments held as of March 31, 2017 and December 31, 2016 are considered Control Investments, which are defined as investments in companies in which the company owns 25% or more of the voting securities of such company or have greater than 50% representation on such company’s board of directors or investments in limited liability companies for which the company serves managing member.	Investments held as of March 31, 2017 and December 31, 2016 are considered Control Investments, which are defined as investments in companies in which the company owns 25% or more of the voting securities of such company or have greater than 50% representation on such company’s board of directors or investments in limited liability companies for which the company serves managing member.

Fair Value Measurements - Inv34

Fair Value Measurements - Investment (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	$ 130,383,441	$ 115,123,101
10.25% Renew AEC One, LLC Due 2025-02-24 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	756,371	771,371
Capital Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	1,930,981	1,815,169
Limited Liability Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	127,696,089	112,536,561
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value
Fair Value, Inputs, Level 1 [Member] | 10.25% Renew AEC One, LLC Due 2025-02-24 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value
Fair Value, Inputs, Level 1 [Member] | Capital Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value
Fair Value, Inputs, Level 1 [Member] | Limited Liability Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value
Fair Value, Inputs, Level 2 [Member] | 10.25% Renew AEC One, LLC Due 2025-02-24 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value
Fair Value, Inputs, Level 2 [Member] | Capital Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value
Fair Value, Inputs, Level 2 [Member] | Limited Liability Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	130,383,441	115,123,101		$ 55,985,519	$ 51,454,566
Fair Value, Inputs, Level 3 [Member] | 10.25% Renew AEC One, LLC Due 2025-02-24 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	756,371	771,371		918,871	1,183,295
Fair Value, Inputs, Level 3 [Member] | Capital Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	1,930,981	1,815,169		1,819,673	1,562,967
Fair Value, Inputs, Level 3 [Member] | Limited Liability Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	$ 127,696,089	$ 112,536,561		$ 53,246,975	$ 48,708,304

Fair Value Measurements - Inv35

Fair Value Measurements - Investment (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments at fair value	$ 115,123,101
Net change in unrealized appreciation (depreciation) on investments	121,178		$ 533,730
Translation of assets and liabilities denominated in foreign currencies	12,933		(100,317)
Investments at fair value	130,383,441
10.25% Renew AEC One, LLC Due 2025-02-24 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments at fair value	771,371
Investments at fair value	756,371
Capital Stock [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments at fair value	1,815,169
Investments at fair value	1,930,981
Limited Liability Company [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments at fair value	112,536,561
Investments at fair value	127,696,089
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments at fair value	115,123,101		51,454,566
Net change in unrealized appreciation (depreciation) on investments	(121,178)		(533,730)
Translation of assets and liabilities denominated in foreign currencies	12,933		(100,317)
Purchases and other adjustments to cost	15,383,585	[1]	5,165,000	[2]
Sales and Repayments of investments	(15,000)	[3]
Transfers in			264,424
Transfers out			(264,424)
Investments at fair value	130,383,441		55,985,519
Fair Value, Inputs, Level 3 [Member] | 10.25% Renew AEC One, LLC Due 2025-02-24 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments at fair value	771,371		1,183,295
Net change in unrealized appreciation (depreciation) on investments
Translation of assets and liabilities denominated in foreign currencies
Purchases and other adjustments to cost		[1]		[2]
Sales and Repayments of investments	(15,000)	[3]
Transfers in
Transfers out			(264,424)
Investments at fair value	756,371		918,871
Fair Value, Inputs, Level 3 [Member] | Capital Stock [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments at fair value	1,815,169		1,562,967
Net change in unrealized appreciation (depreciation) on investments	102,879		357,023
Translation of assets and liabilities denominated in foreign currencies	12,933		(100,317)
Purchases and other adjustments to cost		[1]		[2]
Sales and Repayments of investments		[3]
Transfers in
Transfers out
Investments at fair value	1,930,981		1,819,673
Fair Value, Inputs, Level 3 [Member] | Limited Liability Company [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments at fair value	112,536,561		48,708,304
Net change in unrealized appreciation (depreciation) on investments	(224,057)		(890,753)
Translation of assets and liabilities denominated in foreign currencies
Purchases and other adjustments to cost	15,383,585	[1]	5,165,000	[2]
Sales and Repayments of investments		[3]
Transfers in			264,424
Transfers out
Investments at fair value	$ 127,696,089		$ 53,246,975
[1]	Includes purchases of new investments, capitalized deal costs, effects of purchase price adjustments, paid-in-kind interest, return of capital and additional investments in existing investments, if any.
[2]	Include purchases of new investment, capitalized deal costs and effects of purchase price adjustments, if any.
[3]	Includes principal repayments on loans.

Fair Value Measurements - Inv36

Fair Value Measurements - Investment (Details 2) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Investments at Fair Value	$ 130,383,441	$ 115,123,101
Fair Value, Inputs, Level 3 [Member]
Investments at Fair Value	130,383,441	115,123,101	$ 55,985,519	$ 51,454,566
Fair Value, Inputs, Level 3 [Member] | Energy Efficiency - Lighting Replacement [Member]
Investments at Fair Value	$ 1,274,281	$ 1,318,048
Valuation Techniques	Income and collateral based approach	Income and collateral based approach
Unobservable Inputs	Market yields and value of collateral	Market yields and value of collateral
Fair Value, Inputs, Level 3 [Member] | Energy Efficiency - Lighting Replacement [Member] | Minimum [Member]
Fair value Rate	10.25%	10.25%
Fair Value, Inputs, Level 3 [Member] | Energy Efficiency - Lighting Replacement [Member] | Maximum [Member]
Fair value Rate	20.40%	21.31%
Fair Value, Inputs, Level 3 [Member] | Alternative Energy - Solar [Member]
Investments at Fair Value	$ 84,221,701	$ 70,161,838
Valuation Techniques	Income approach	Income approach
Unobservable Inputs	Discount rate, future kWh Production, potential leverage and estimated remaining useful life	Discount rate, future kWh Production, potential leverage and estimated remaining useful life
Fair value Assumption	0.50%	0.50%
Expected term		31 years 8 months 12 days
Fair Value, Inputs, Level 3 [Member] | Alternative Energy - Solar [Member] | Minimum [Member]
Fair value Rate	7.25%	7.00%
Expected term	14 years
Fair Value, Inputs, Level 3 [Member] | Alternative Energy - Solar [Member] | Maximum [Member]
Fair value Rate	9.25%	9.25%
Expected term	34 years 9 months 18 days
Fair Value, Inputs, Level 3 [Member] | Alternative Energy - Wind [Member]
Investments at Fair Value	$ 44,887,459	$ 43,643,215
Valuation Techniques	Income approach	Income approach
Unobservable Inputs	Discount rate, future kWh Production, potential leverage and estimated remaining useful life	Discount rate, future kWh Production, potential leverage and estimated remaining useful life
Fair value Rate	8.50%	7.75%
Fair value Assumption
Expected term		33 years 3 months 18 days
Fair Value, Inputs, Level 3 [Member] | Alternative Energy - Wind [Member] | Minimum [Member]
Expected term	28 years 4 months 24 days
Fair Value, Inputs, Level 3 [Member] | Alternative Energy - Wind [Member] | Maximum [Member]
Expected term	29 years 6 months

Fair Value Measurements - Inv37

Fair Value Measurements - Investment (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net change in unrealized appreciation (depreciation) on investments	$ 121,178	$ 533,730
Net unrealized currency gains	(121,178)	(533,730)
Fair Value, Inputs, Level 3 [Member]
Net change in unrealized appreciation (depreciation) on investments	$ (121,178)	$ (533,730)

Related Party Agreements And 38

Related Party Agreements And Transactions Agreements (Details Narrative) - USD ($)	Feb. 07, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2012
Operating expenses including the management fees earned by the advisor		$ 1,364,343	$ 677,777
Management fees		697,146	330,715
Due to advisor/dealer manager				$ 36,694
Payment for dealer manager fees		218,604	404,044
Asset management and accounting services costs		$ 738,133	1,448,434
Special unitholder's equity [Member]
Hurdle rate, quarterly		1.75%
Hurdle rate, annualized		7.00%
Percentage of capital gains incentive distribution		20.00%
Percentage of liquidation incentive distribution		20.00%
Liquidation arrears period		30 days
Due to advisor/dealer manager				36,694
SC Distributors, LLC [Member] | Common Class A [Member] | Maximum [Member]
Percentage of selling commision		7.00%
Percentage of dealer manager fees		2.75%
SC Distributors, LLC [Member] | Common Class P-A [Member] | Maximum [Member]
Percentage of selling commision		7.00%
Percentage of dealer manager fees		2.75%
SC Distributors, LLC [Member] | Common Class C [Member]
Description of distribution fee		With respect to Class C shares only, the company will pay the dealer manager a distribution fee that accrues daily in an amount equal to 1/365th of 0.80% of the amount of the net asset value for the Class C shares for such day on a continuous basis from year to year.
SC Distributors, LLC [Member] | Common Class C [Member] | Maximum [Member]
Percentage of selling commision		3.00%
Percentage of dealer manager fees		2.75%
SC Distributors, LLC [Member] | Common Class I [Member] | Maximum [Member]
Percentage of dealer manager fees		1.75%
Greenbacker Capital Management LLC [Member]
Limit of offering costs reimbursement to advisor		15.00%
Target offering expense ratio		4.00%
Percentage of organization and offering costs due to termination of registration statement	4.80%	4.80%
Percentage of reimbursement out of gross offering proceeds		15.00%
Base management fees payable, monthly rate		0.167%
Base management fees payable, annual rate		2.00%
Percentage of operating expense		5.00%
Operating expense, reimbursement period		30 days
Operating expenses including the management fees earned by the advisor		$ 1,364,343	677,777
Past operating expenses assumed by the adviser			345,000
Expense reimbursement from advisor			178,890	$ 830,884
Management fees		697,146	330,715
Incentive allocation		586	126,809		$ 916
Incentive allocation expense		72,765
Due to advisor/dealer manager		99,782
Asset management and accounting services costs		$ 115,983	$ 24,024
Greenbacker Capital Management LLC [Member] | Common Class A [Member]
Shares issued		23,601		23,469
Special unitholder's equity [Member] | Investment Income Exceeds 2.1875% Quarterly [Member]
Hurdle rate, quarterly		8.75%
Hurdle rate, annualized		7.00%
Percentage of incentive distribution		20.00%
Special unitholder's equity [Member] | Investment Income Exceeds The Hurdle Rate Less Than 2.1875% Quarterly [Member]
Hurdle rate, quarterly		8.75%
Hurdle rate, annualized		7.00%
Percentage of incentive distribution		100.00%
Affiliated Entity [Member] | Common Class A [Member]
Shares issued		53,655		93,191

Borrowings (Details)

Borrowings (Details) - Credit Agreement [Member] - GREC Entity Holdco LLC [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Aggregate Principal Amount Available	$ 33,250,000	$ 33,250,000
Principal Amount Outstanding	4,108,888	4,180,554
Carrying Value	4,108,888	4,180,554
Deferred Financing Costs	860,600	910,155
Term Note Payable, Net of Financing Costs	3,248,288	3,270,399
Facility 1 Term Loan [Member]
Aggregate Principal Amount Available	33,250,000	33,250,000
Facility 2 Term Loan [Member]
Principal Amount Outstanding	4,108,888	4,180,554
Carrying Value	4,108,888	4,180,554
Deferred Financing Costs	860,600	910,155
Term Note Payable, Net of Financing Costs	$ 3,248,288	$ 3,270,399

Borrowings (Details 1)

Borrowings (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Notes to Financial Statements
Revolver interest	$ 51,525		$ 164,179
Revolver commitment fee	21,011		29,927
Facility 1 Term Loan interest	11,879		96,248
Amortization of deferred financing costs	49,555		95,339
Unrealized gain on interest rate swap	(9,039)		(90,697)
Total	$ 124,931		$ 294,996
Weighted average interest rate on credit facility	4.61%		4.37%
Weighted average outstanding balance of credit facility	$ 4,156,655		$ 10,991,000

Borrowings (Details 2)

Borrowings (Details 2) - Credit Agreement [Member] - GREC Entity Holdco LLC [Member] - Facility 1 Term Loan [Member]	Mar. 31, 2017USD ($)
Year ending December 31:
2,017	$ 215,001
2,018	286,668
2,019	286,668
2,020	286,668
2,021	3,033,883
Total	$ 4,108,888

Borrowings (Details Narrtive)

Borrowings (Details Narrtive) - GREC Entity Holdco LLC [Member] - USD ($)	Jul. 11, 2016	Mar. 31, 2017	Jul. 29, 2016
Credit Agreement [Member] | Facility 1 Term Loan [Member]
Current borrowing capacity	$ 4,300,000
Expiration year & month	2021-07
Financing costs	$ 1,005,494
Description of interest rate terms	Credit Facility bear interest at 3.5% in excess of one-month LIBOR.
Repayment of debt periodic payment	$ 23,889
Frequency of repayment of debt periodic payment	Monthly
Deferred financing costs		$ 960,812
Credit Agreement [Member] | Facility 2 Term Loan [Member]
Maximum borrowing capacity	$ 33,250,000
Expiration year & month	2021-07
Description of interest rate terms	Credit Facility bear interest at 3.5% in excess of one-month LIBOR.
Percentage of commitment fees on unused portion	0.25%
Interest Rate Swap Agreement[Member] | Facility 2 Term Loan [Member] | Interest Rate Swap [Member]
Interest swap			$ 4,300,000
Fixed swap rate			1.11%
Swaption interest rate			4.61%

Members' Equity (Details)

Members' Equity (Details) - shares	3 Months Ended				12 Months Ended
	Mar. 31, 2017		Mar. 31, 2016		Dec. 31, 2016
Common Stock, Number of Shares [Roll Forward]
Shares Outstanding, beginning	14,921,922		6,721,967		6,721,967
Shares Issued During the Period	1,901,202				8,486,610
Shares Repurchased During the Period	(113,534)				(286,655)
Shares Outstanding, ending	16,709,590		9,205,050	[1]	14,921,922
Common Class A [Member]
Common Stock, Number of Shares [Roll Forward]
Shares Outstanding, beginning	10,878,502		5,420,728		5,420,728
Shares Issued During the Period	967,384				5,719,394
Shares Repurchased During the Period	(91,293)				(261,620)
Shares Outstanding, ending	11,754,593	[2]			10,878,502
Common Class C [Member]
Common Stock, Number of Shares [Roll Forward]
Shares Outstanding, beginning	1,041,836		248,456		248,456
Shares Issued During the Period	68,088				793,380
Shares Repurchased During the Period
Shares Outstanding, ending	1,109,924	[2]			1,041,836
Common Class I [Member]
Common Stock, Number of Shares [Roll Forward]
Shares Outstanding, beginning	2,754,491		1,052,783		1,052,783
Shares Issued During the Period	292,149				1,726,743
Shares Repurchased During the Period	(22,241)		(5,699)		(25,035)
Shares Outstanding, ending	3,024,399	[2]			2,754,491
Common Class P-A [Member]
Common Stock, Number of Shares [Roll Forward]
Shares Outstanding, beginning	47,774
Shares Issued During the Period	3,092				47,774
Shares Repurchased During the Period
Shares Outstanding, ending	50,866	[2]			47,774
Common Class P-I [Member]
Common Stock, Number of Shares [Roll Forward]
Shares Outstanding, beginning	199,319
Shares Issued During the Period	570,489				199,319
Shares Repurchased During the Period
Shares Outstanding, ending	769,808	[2]			199,319
[1]	The per share data was derived by using the weighted average shares outstanding during the three months ended March 31, 2016, which was 7,865,104.
[2]	The per share data for Class A, C, I, P-A and P-I Shares were derived by using the weighted average shares outstanding during the three months ended March 31, 2017, which were 11,416,732, 1,074,545, 2,876,451, 48,667 and 436,098, respectively.

Members' Equity (Details 1)

Members' Equity (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Proceeds from Shares Sold	$ 16,285,787	$ 21,943,831
Proceeds from Shares Issued through Reinvestment of Distributions	1,054,505	602,602
Common Class A [Member]
Proceeds from Shares Sold	8,239,743	15,048,742
Proceeds from Shares Issued through Reinvestment of Distributions	717,291	457,878
Common Class C [Member]
Proceeds from Shares Sold	555,690	2,339,795
Proceeds from Shares Issued through Reinvestment of Distributions	85,994	34,992
Common Class I [Member]
Proceeds from Shares Sold	2,448,279	4,555,294
Proceeds from Shares Issued through Reinvestment of Distributions	251,220	109,732
Common Class P-A [Member]
Proceeds from Shares Sold	27,075
Proceeds from Shares Issued through Reinvestment of Distributions
Common Class P-I [Member]
Proceeds from Shares Sold	5,015,000
Proceeds from Shares Issued through Reinvestment of Distributions

Members' Equity (Details Narrat

Members' Equity (Details Narrative) - USD ($)	3 Months Ended			12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2015	Dec. 31, 2016
Class of Stock [Line Items]
Total number of shares authorized	400,000,000
Common stock of class A, C, I, P-A and P-I, shares authorized	350,000,000			350,000,000
Preferred stock, shares authorized	50,000,000			50,000,000
Description of share repurchase program			Quarterly share repurchases will be conducted, on up to approximately 5% of the weighted average number of outstanding shares in any 12-month period, to allow members who hold shares to sell shares back to the company at a price equal to the then current offering price less the selling commissions and dealer manager fees associated with that class of shares.
Share repurchase program repurchase limit	5.00%
Share repurchase program repurchase limit in the prior four fiscal quarters	1.25%
Share repurchased	(113,534)			(286,655)
Total purchase price	$ (1,047,579)	$ (51,679)
Shareholder receivable	$ 202,728			$ 521,954
Distribution Reinvestment Plan [Member]
Class of Stock [Line Items]
Shares allocated for use in the DRP	50,000,000			50,000,000
Shares issued under the DRP	592,746			478,421
Minimum written notice period for termination	10 days
Common Class A [Member]
Class of Stock [Line Items]
Share repurchased	(91,293)			(261,620)
Total purchase price	$ 842,358
Common Class P-A [Member]
Class of Stock [Line Items]
Share repurchased
Common Class C [Member]
Class of Stock [Line Items]
Share repurchased
Common Class I [Member]
Class of Stock [Line Items]
Share repurchased	(22,241)	(5,699)		(25,035)
Total purchase price	$ 205,221	$ 51,679
SC Distributors, LLC [Member] | Common Class A [Member] | Maximum [Member]
Class of Stock [Line Items]
Percentage of selling commision	7.00%
Percentage of dealer manager fees	2.75%
SC Distributors, LLC [Member] | Common Class P-A [Member] | Maximum [Member]
Class of Stock [Line Items]
Percentage of selling commision	7.00%
Percentage of dealer manager fees	2.75%
SC Distributors, LLC [Member] | Common Class C [Member]
Class of Stock [Line Items]
Description of distribution fee	With respect to Class C shares only, the company will pay the dealer manager a distribution fee that accrues daily in an amount equal to 1/365th of 0.80% of the amount of the net asset value for the Class C shares for such day on a continuous basis from year to year.
SC Distributors, LLC [Member] | Common Class C [Member] | Maximum [Member]
Class of Stock [Line Items]
Percentage of selling commision	3.00%
Percentage of dealer manager fees	2.75%
SC Distributors, LLC [Member] | Common Class I [Member] | Maximum [Member]
Class of Stock [Line Items]
Percentage of dealer manager fees	1.75%
Greenbacker Capital Management LLC [Member]
Class of Stock [Line Items]
Total purchase price	$ 39,537

Distributions (Details)

Distributions (Details) - $ / shares	2 Months Ended	3 Months Ended					10 Months Ended
	Mar. 31, 2017	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015
Common Class A [Member]
Cash distributions announced per unit and per day	$ 0.0016807	$ 0.0016856	$ 0.0016766	$ 0.0016617	$ 0.0016551	$ 0.0016478	$ 0.0016438
Common Class C [Member]
Cash distributions announced per unit and per day	0.0016350	0.0016402	0.0016766	0.0016617	0.0016551	0.0016478	0.0016438
Common Class I [Member]
Cash distributions announced per unit and per day	0.0016807	0.0016856	0.0016766	0.0016617	0.0016551	0.0016478	0.0016438
Common Class P-A [Member]
Cash distributions announced per unit and per day	0.0015952	0.0016036	0.0015968	0.0015826
Common Class P-I [Member]
Cash distributions announced per unit and per day	$ 0.0015952	$ 0.0016036	$ 0.0015968	$ 0.0015826

Distributions (Details 1)

Distributions (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	$ 1,327,069	$ 575,323
Value of Shares Issued under DRP	1,054,505	602,602
Total	2,381,574	1,177,925
February 1, 2017 [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	431,686
Value of Shares Issued under DRP	349,842
Total	781,528
March 1, 2017 [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	413,270
Value of Shares Issued under DRP	332,761
Total	746,031
April 3, 2017 [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash	482,113
Value of Shares Issued under DRP	371,902
Total	$ 854,015
February 1, 2016 [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		171,410
Value of Shares Issued under DRP		185,680
Total		357,090
March 1, 2016 [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		182,825
Value of Shares Issued under DRP		195,193
Total		378,018
April 1, 2016 [Member]
Distribution Made to Limited Liability Company (LLC) Member [Line Items]
Paid in Cash		221,088
Value of Shares Issued under DRP		221,729
Total		$ 442,817

Distributions (Details 2)

Distributions (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Distributions Made to Members or Limited Partners [Abstract]
Cash from operations	$ 960,306
Offering proceeds	288,638	511,220
Total Cash Distributions	$ 1,248,944	$ 511,220

Distributions (Details Narrativ

Distributions (Details Narrative)	Mar. 31, 2017USD ($)
Distributions Made to Members or Limited Partners [Abstract]
Fund distributions	$ 150,000,000
Portfolio leveraged	33.00%

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	Mar. 31, 2017USD ($)
Green Maple Portfolio [Member]
Other Commitments [Line Items]
Term loans	$ 4,771,581
East To West Solar Portfolio [Member]
Other Commitments [Line Items]
Term loans	2,273,926
GREC Entity Holdco LLC [Member]
Other Commitments [Line Items]
Term loans	$ 4,100,000

Financial Highlights (Details)

Financial Highlights (Details) - USD ($)		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016		Dec. 31, 2016	Dec. 31, 2015
Per share data attributed to common shares:
Net Asset Value at beginning of period	[1]			$ 8.54
Net investment income		$ 0.09		0	[1],[2]
Net unrealized appreciation (depreciation) on investments, net of incentive allocation to special unitholder	[1]			(0.05)
Change in translation of assets and liabilities denominated in foreign currencies (4)	[1]			(0.01)
Change in benefit from deferred taxes on unrealized appreciation on investments	[1]			0.24
Net increase in net assets attributed to common stockholders	[1]			0.18
Shareholder distributions
Distributions from net investment income	[1]
Distributions from offering proceeds	[1]			(0.15)
Other	[1],[3]			(0.01)
Net increase (decrease) in members' equity attributed to common shares	[1]			0.02
Net asset value for common shares at end of period	[1]			$ 8.56
Common shareholders' equity at end of period		$ 144,133,663	[4]	$ 78,800,618	[1]
Common shares outstanding at end of period		16,709,590		9,205,050	[1]	14,921,922	6,721,967
Ratio/Supplemental data for common shares (annualized):
Total return attributed to common shares based on net asset value	[1],[5]			1.92%
Ratio of net investment income to average net assets	[5],[6],[7],[8]			0.30%
Ratio of operating expenses to average net assets	[5],[6],[7],[8]			5.04%
Portfolio turnover rate	[5],[8]
Common Class A [Member]
Per share data attributed to common shares:
Net Asset Value at beginning of period	[9]	$ 8.69
Net investment income	[2],[9]	0.09
Net unrealized appreciation (depreciation) on investments, net of incentive allocation to special unitholder	[9]	(0.01)
Change in translation of assets and liabilities denominated in foreign currencies (4)	[9],[10]
Change in benefit from deferred taxes on unrealized appreciation on investments	[9]	(0.01)
Net increase in net assets attributed to common stockholders	[9]	0.07
Shareholder distributions
Distributions from net investment income	[9]	(0.06)
Distributions from offering proceeds	[9]	(0.09)
Offering costs and deferred sales commissions	[9]
Other	[9],[11]	0.03
Net increase (decrease) in members' equity attributed to common shares	[9]	(0.05)
Net asset value for common shares at end of period	[9]	$ 8.64
Common shareholders' equity at end of period	[9]	$ 101,548,859
Common shares outstanding at end of period		11,754,593	[9]			10,878,502	5,420,728
Ratio/Supplemental data for common shares (annualized):
Total return attributed to common shares based on net asset value		1.07%
Ratio of net investment income to average net assets		4.30%
Ratio of operating expenses to average net assets		4.04%
Portfolio turnover rate		0.01%
Common Class C [Member]
Per share data attributed to common shares:
Net Asset Value at beginning of period	[9]	$ 8.44
Net investment income	[2],[9]	0.09
Net unrealized appreciation (depreciation) on investments, net of incentive allocation to special unitholder	[9]	(0.01)
Change in translation of assets and liabilities denominated in foreign currencies (4)	[9],[10]
Change in benefit from deferred taxes on unrealized appreciation on investments	[9]	(0.01)
Net increase in net assets attributed to common stockholders	[9]	0.07
Shareholder distributions
Distributions from net investment income	[9]	(0.06)
Distributions from offering proceeds	[9]	(0.09)
Offering costs and deferred sales commissions	[9]	(0.01)
Other	[9],[11]	0.05
Net increase (decrease) in members' equity attributed to common shares	[9]	(0.04)
Net asset value for common shares at end of period	[9]	$ 8.4
Common shareholders' equity at end of period	[9]	$ 9,325,052
Common shares outstanding at end of period		1,109,924	[9]			1,041,836	248,456
Ratio/Supplemental data for common shares (annualized):
Total return attributed to common shares based on net asset value		1.17%
Ratio of net investment income to average net assets		4.42%
Ratio of operating expenses to average net assets		4.16%
Portfolio turnover rate		0.01%
Common Class I [Member]
Per share data attributed to common shares:
Net Asset Value at beginning of period	[9]	$ 8.69
Net investment income	[2],[9]	0.09
Net unrealized appreciation (depreciation) on investments, net of incentive allocation to special unitholder	[9]	(0.01)
Change in translation of assets and liabilities denominated in foreign currencies (4)	[9],[10]
Change in benefit from deferred taxes on unrealized appreciation on investments	[9]	(0.01)
Net increase in net assets attributed to common stockholders	[9]	0.07
Shareholder distributions
Distributions from net investment income	[9]	(0.06)
Distributions from offering proceeds	[9]	(0.09)
Offering costs and deferred sales commissions	[9]
Other	[9],[11]	0.03
Net increase (decrease) in members' equity attributed to common shares	[9]	(0.05)
Net asset value for common shares at end of period	[9]	$ 8.64
Common shareholders' equity at end of period	[9]	$ 26,128,016
Common shares outstanding at end of period		3,024,399	[9]			2,754,491	1,052,783
Ratio/Supplemental data for common shares (annualized):
Total return attributed to common shares based on net asset value		1.07%
Ratio of net investment income to average net assets		4.29%
Ratio of operating expenses to average net assets		4.04%
Portfolio turnover rate		0.01%
Common Class P-A [Member]
Per share data attributed to common shares:
Net Asset Value at beginning of period	[9]	$ 8.67
Net investment income	[2],[9]	0.09
Net unrealized appreciation (depreciation) on investments, net of incentive allocation to special unitholder	[9]	(0.01)
Change in translation of assets and liabilities denominated in foreign currencies (4)	[9],[10]
Change in benefit from deferred taxes on unrealized appreciation on investments	[9]	(0.01)
Net increase in net assets attributed to common stockholders	[9]	0.07
Shareholder distributions
Distributions from net investment income	[9]	(0.06)
Distributions from offering proceeds	[9]	(0.08)
Offering costs and deferred sales commissions	[9]
Other	[9],[11]	0.07
Net increase (decrease) in members' equity attributed to common shares	[9]
Net asset value for common shares at end of period	[9]	$ 8.67
Common shareholders' equity at end of period	[9]	$ 440,762
Common shares outstanding at end of period		50,866	[9]			47,774
Ratio/Supplemental data for common shares (annualized):
Total return attributed to common shares based on net asset value		1.65%
Ratio of net investment income to average net assets		4.29%
Ratio of operating expenses to average net assets		4.03%
Portfolio turnover rate		0.01%
Common Class P-I [Member]
Per share data attributed to common shares:
Net Asset Value at beginning of period	[9]	$ 8.67
Net investment income	[2],[9]	0.09
Net unrealized appreciation (depreciation) on investments, net of incentive allocation to special unitholder	[9]	(0.01)
Change in translation of assets and liabilities denominated in foreign currencies (4)	[9],[10]
Change in benefit from deferred taxes on unrealized appreciation on investments	[9]	(0.01)
Net increase in net assets attributed to common stockholders	[9]	0.07
Shareholder distributions
Distributions from net investment income	[9]	(0.06)
Distributions from offering proceeds	[9]	(0.08)
Offering costs and deferred sales commissions	[9]	0.07
Other	[9],[11]	0.02
Net increase (decrease) in members' equity attributed to common shares	[9]	0.02
Net asset value for common shares at end of period	[9]	$ 8.69
Common shareholders' equity at end of period	[9]	$ 6,690,974
Common shares outstanding at end of period		769,808	[9]			199,319
Ratio/Supplemental data for common shares (annualized):
Total return attributed to common shares based on net asset value		1.89%
Ratio of net investment income to average net assets		4.28%
Ratio of operating expenses to average net assets		4.03%
Portfolio turnover rate		0.01%
[1]	The per share data was derived by using the weighted average shares outstanding during the three months ended March 31, 2016, which was 7,865,104.
[2]	Does not reflect any incentive fees that may be payable to the Special Unitholder.
[3]	Represents the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and organizational costs which are not included in operating expenses nor subject to the expense reimbursement agreement and the impact of shares at a price other than the net asset value.
[4]	Includes purchases of new investments, capitalized deal costs, effects of purchase price adjustments, return of capital and additional investments in existing investments, if any.
[5]	Total return, ratio of net investment income and ratio of operating expenses to average net assets for the three months ended March 31,2016, prior to the effect of the expense assumption and reimbursement agreement and the management fee waiver were 2.15%, 1.39% and 3.95%, respectively. Allocation of net assets to special unitholder has not been included in determining net investment income or operating expenses used in the ratio calculations.
[6]	Organizational expenses included within the ratio are not annualized.
[7]	The company's ratio of net investment income to average net assets and ratio of operating expenses to average net assets have been annualized for the three months ended March 31, 2016 assuming consistent results over a full fiscal year.
[8]	These ratios include the effect of the expense reimbursement
[9]	The per share data for Class A, C, I, P-A and P-I Shares were derived by using the weighted average shares outstanding during the three months ended March 31, 2017, which were 11,416,732, 1,074,545, 2,876,451, 48,667 and 436,098, respectively.
[10]	Amount is less than $0.01 per share.
[11]	Represents the impact of different share amounts used in calculating certain per share data based on weighted average shares outstanding during the period and the impact of shares at a price other than the net asset value.

Financial Highlights (Details 1

Financial Highlights (Details 1) - USD ($)		3 Months Ended
		Mar. 31, 2017		Mar. 31, 2016		Dec. 31, 2016	Dec. 31, 2015
Per share data attributed to common shares:
Net Asset Value at beginning of period	[1]			$ 8.54
Net investment income		$ 0.09		0	[1],[2]
Net unrealized appreciation on investments, net of incentive allocation to special unitholder	[1]			(0.05)
Change in translation of assets and liabilities denominated in foreign currencies	[1]			(0.01)
Change in benefit from deferred taxes on unrealized appreciation on investments	[1]			0.24
Net increase in net assets resulting from operations	[1]			0.18
Shareholder distributions:
Distributions from net investment income	[1]
Distributions from offering proceeds	[1]			(0.15)
Other	[1],[3]			(0.01)
Net increase in members' equity attributed to common shares	[1]			0.02
Net asset value for common shares at end of period	[1]			$ 8.56
Total return attributed to common shares based on net asset value	[1],[4]			1.92%
Common shareholders' equity at end of period		$ 144,133,663	[5]	$ 78,800,618	[1]
Common shares outstanding at end of period		16,709,590		9,205,050	[1]	14,921,922	6,721,967
Ratio/Supplemental data for common shares (annualized):
Ratio of net investment income to average net assets	[4],[6],[7],[8]			0.30%
Ratio of operating expenses to average net assets	[4],[6],[7],[8]			5.04%
Portfolio turnover rate	[4],[8]
[1]	The per share data was derived by using the weighted average shares outstanding during the three months ended March 31, 2016, which was 7,865,104.
[2]	Does not reflect any incentive fees that may be payable to the Special Unitholder.
[3]	Represents the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and organizational costs which are not included in operating expenses nor subject to the expense reimbursement agreement and the impact of shares at a price other than the net asset value.
[4]	Total return, ratio of net investment income and ratio of operating expenses to average net assets for the three months ended March 31,2016, prior to the effect of the expense assumption and reimbursement agreement and the management fee waiver were 2.15%, 1.39% and 3.95%, respectively. Allocation of net assets to special unitholder has not been included in determining net investment income or operating expenses used in the ratio calculations.
[5]	Includes purchases of new investments, capitalized deal costs, effects of purchase price adjustments, return of capital and additional investments in existing investments, if any.
[6]	Organizational expenses included within the ratio are not annualized.
[7]	The company's ratio of net investment income to average net assets and ratio of operating expenses to average net assets have been annualized for the three months ended March 31, 2016 assuming consistent results over a full fiscal year.
[8]	These ratios include the effect of the expense reimbursement

Financial Highlights (Details N

Financial Highlights (Details Narrative) - shares		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Weighted average common shares outstanding		15,849,356	7,865,104
Ratio of net investment income (loss) to average net assets	[1],[2],[3],[4]		0.30%
Ratio of operating expenses to average net assets	[1],[2],[3],[4]		5.04%
Prior To Expense Assumption And Reimbursement Agreement [Member]
Return on investment ratio			2.15%
Ratio of net investment income (loss) to average net assets			1.39%
Ratio of operating expenses to average net assets			3.95%
Common Class A [Member]
Weighted average common shares outstanding		11,416,732
Ratio of net investment income (loss) to average net assets		4.30%
Ratio of operating expenses to average net assets		4.04%
Common Class C [Member]
Weighted average common shares outstanding		1,074,545
Ratio of net investment income (loss) to average net assets		4.42%
Ratio of operating expenses to average net assets		4.16%
Common Class I [Member]
Weighted average common shares outstanding		2,876,451
Ratio of net investment income (loss) to average net assets		4.29%
Ratio of operating expenses to average net assets		4.04%
Common Class P-A [Member]
Weighted average common shares outstanding		48,667
Ratio of net investment income (loss) to average net assets		4.29%
Ratio of operating expenses to average net assets		4.03%
Common Class P-I [Member]
Weighted average common shares outstanding		436,098
Ratio of net investment income (loss) to average net assets		4.28%
Ratio of operating expenses to average net assets		4.03%
[1]	Organizational expenses included within the ratio are not annualized.
[2]	The company's ratio of net investment income to average net assets and ratio of operating expenses to average net assets have been annualized for the three months ended March 31, 2016 assuming consistent results over a full fiscal year.
[3]	These ratios include the effect of the expense reimbursement
[4]	Total return, ratio of net investment income and ratio of operating expenses to average net assets for the three months ended March 31,2016, prior to the effect of the expense assumption and reimbursement agreement and the management fee waiver were 2.15%, 1.39% and 3.95%, respectively. Allocation of net assets to special unitholder has not been included in determining net investment income or operating expenses used in the ratio calculations.