TCW Direct Lending 10-Q 13 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 13, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Registrant Name	TCW DIRECT LENDING LLC
Entity Central Index Key	0001603480
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,034,649
Entity File Number	814-01069
Entity Tax Identification Number	46-5327366
Entity Address, Address Line One	200 Clarendon Street
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02116
City Area Code	617
Local Phone Number	936-2275
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

Consolidated Schedule of Invest

Consolidated Schedule of Investments - USD ($)		9 Months Ended		12 Months Ended
		Sep. 30, 2024		Dec. 31, 2023
Investment, Identifier [Axis]: Cash Equivalents First American Government Obligation Fund, Yield 4.82% Net Assets 1.0%
% of Net Assets		1%
Shares		2,810,049
Amortized Cost		$ 2,810,049
Fair Value		$ 2,810,049
Investment, Identifier [Axis]: Cash Equivalents First American Government Obligation Fund, Yield 5.30% Net Assets 0.6%
% of Net Assets				0.60%
Shares				2,372,278
Amortized Cost				$ 2,372,278
Fair Value				$ 2,372,278
Investment, Identifier [Axis]: Cash Equivalents Net Assets 0.6%
% of Net Assets				0.60%
Amortized Cost				$ 2,372,278
Fair Value				$ 2,372,278
Investment, Identifier [Axis]: Cash Equivalents Net Assets 1.0%
% of Net Assets		1%
Amortized Cost		$ 2,810,049
Fair Value		$ 2,810,049
Investment, Identifier [Axis]: Debt Investments and Equity Investments- United States Net Assets 120.5%
% of Net Assets	[1]			120.50%
Amortized Cost	[1]			$ 466,791,590
Fair Value	[1]			$ 442,194,609
Investment, Identifier [Axis]: Debt Investments and Equity Investments- United States Net Assets 129.3%
% of Net Assets	[2]	129.30%
Amortized Cost	[2]	$ 484,810,944
Fair Value	[2]	$ 369,030,076
Investment, Identifier [Axis]: Debt Investments- United States Distributors Animal Supply Company, LLC Date 05/29/24 Term Loan – 13.37% inc PIK (SOFR + 8.50%, 1.00% Floor, all PIK) Net Assets 0.9% Maturity 08/14/25
Acquisition Date	[3],[4]	May 29, 2024
Investment interest rate	[3],[4]	13.37%
Investment interest, basis spread variable rate	[3],[4]	8.50%
Investment interest, floor	[3],[4]	1%
% of Net Assets	[3],[4]	0.90%
Par Amount	[3],[4]	$ 2,613,441
Maturity Date	[3],[4]	Aug. 14, 2025
Amortized Cost	[3],[4]	$ 2,577,716
Fair Value	[3],[4]	$ 2,613,441
Investment, Identifier [Axis]: Debt Investments- United States Distributors Animal Supply Company, LLC Date 08/14/20 Term Loan - 14.15% inc PIK (SOFR + 8.50%, 1.00% Floor, all PIK) Net Assets 5.2% Maturity 08/14/25
Acquisition Date	[5],[6],[7]			Aug. 14, 2020
Investment interest rate	[5],[6],[7]			14.15%
Investment interest, basis spread variable rate	[5],[6],[7]			8.50%
Investment interest, floor	[5],[6],[7]			1%
% of Net Assets	[5],[6],[7]			5.20%
Par Amount	[5],[6],[7]			$ 28,354,729
Maturity Date	[5],[6],[7]			Aug. 14, 2025
Amortized Cost	[5],[6],[7]			$ 27,414,761
Fair Value	[5],[6],[7]			$ 19,054,378
Investment, Identifier [Axis]: Debt Investments- United States Distributors Animal Supply Company, LLC Date 08/14/20 Term Loan – 13.82% inc PIK (SOFR + 8.50%, 1.00% Floor, all PIK) Net Assets 2.5% Maturity 08/14/25
Acquisition Date	[3],[4],[8]	Aug. 14, 2020
Investment interest rate	[3],[4],[8]	13.82%
Investment interest, basis spread variable rate	[3],[4],[8]	8.50%
Investment interest, floor	[3],[4],[8]	1%
% of Net Assets	[3],[4],[8]	2.50%
Par Amount	[3],[4],[8]	$ 31,567,469
Maturity Date	[3],[4],[8]	Aug. 14, 2025
Amortized Cost	[3],[4],[8]	$ 27,362,675
Fair Value	[3],[4],[8]	$ 7,071,113
Investment, Identifier [Axis]: Debt Investments- United States Distributors Net Assets 3.4%
% of Net Assets	[4]	3.40%
Amortized Cost	[4]	$ 32,756,696
Fair Value	[4]	$ 9,684,554
Investment, Identifier [Axis]: Debt Investments- United States Distributors Net Assets 5.2%
% of Net Assets	[6]			5.20%
Amortized Cost	[6]			$ 30,231,066
Fair Value	[6]			$ 19,054,378
Investment, Identifier [Axis]: Debt Investments- United States Distributors Retail & Animal Intermediate, LLC Date 07/29/22 Delayed Draw Priming Term Loan - 20.00% inc PIK (20.00%, Fixed Coupon, all PIK) Net Assets 0.0% Maturity 11/14/25
Acquisition Date		Jul. 29, 2022	[3],[4],[8]	Jul. 29, 2022	[5],[6],[7]
Investment interest rate		20%	[3],[4],[8]	20%	[5],[6],[7]
% of Net Assets		0%	[3],[4],[8]	0%	[5],[6],[7]
Par Amount		$ 3,278,755	[3],[4],[8]	$ 2,816,305	[5],[6],[7]
Maturity Date		Nov. 14, 2025	[3],[4],[8]	Nov. 14, 2025	[5],[6],[7]
Amortized Cost		$ 2,816,305	[3],[4],[8]	$ 2,816,305	[5],[6],[7]
Fair Value		$ 0	[3],[4],[8]	$ 0	[5],[6],[7]
Investment, Identifier [Axis]: Debt Investments- United States Diversified Consumer Services Net Assets 2.4%
% of Net Assets	[6]			2.40%
Amortized Cost	[6]			$ 8,788,376
Fair Value	[6]			$ 8,808,264
Investment, Identifier [Axis]: Debt Investments- United States Diversified Consumer Services Net Assets 2.9%
% of Net Assets	[4]	2.90%
Amortized Cost	[4]	$ 8,241,093
Fair Value	[4]	$ 8,251,530
Investment, Identifier [Axis]: Debt Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc. Date 09/15/20 Term Loan – 12.95% (SOFR + 8.00%, 1.25% Floor) Net Assets 2.9% Maturity 12/29/26
Acquisition Date	[4],[9]	Sep. 15, 2020
Investment interest rate	[4],[9]	12.95%
Investment interest, basis spread variable rate	[4],[9]	8%
Investment interest, floor	[4],[9]	1.25%
% of Net Assets	[4],[9]	2.90%
Par Amount	[4],[9]	$ 8,251,530
Maturity Date	[4],[9]	Dec. 29, 2026
Amortized Cost	[4],[9]	$ 8,241,093
Fair Value	[4],[9]	$ 8,251,530
Investment, Identifier [Axis]: Debt Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc.) Date 09/15/20 Term Loan - 13.46% (SOFR + 8.00%, 1.25% Floor) Net Assets 2.4% Maturity 12/29/26
Acquisition Date	[6],[10]			Sep. 15, 2020
Investment interest rate	[6],[10]			13.46%
Investment interest, basis spread variable rate	[6],[10]			8%
Investment interest, floor	[6],[10]			1.25%
% of Net Assets	[6],[10]			2.40%
Par Amount	[6],[10]			$ 8,808,264
Maturity Date	[6],[10]			Dec. 29, 2026
Amortized Cost	[6],[10]			$ 8,788,376
Fair Value	[6],[10]			$ 8,808,264
Investment, Identifier [Axis]: Debt Investments- United States Hotels, Restaurants & Leisure Net Assets 2.6%
% of Net Assets	[6]			2.60%
Amortized Cost	[6]			$ 8,447,138
Fair Value	[6]			$ 9,636,512
Investment, Identifier [Axis]: Debt Investments- United States Hotels, Restaurants & Leisure Net Assets 4.2%
% of Net Assets	[4]	4.20%
Amortized Cost	[4]	$ 11,223,668
Fair Value	[4]	$ 12,176,977
Investment, Identifier [Axis]: Debt Investments- United States Hotels, Restaurants & Leisure Ruby Tuesday Operations LLC Date 02/01/23 Incremental Term Loan - 21.46% inc PIK (SOFR + 16.00%, 1.25% Floor, all PIK) Net Assets 0.8% Maturity 02/24/25
Acquisition Date	[5],[6]			Feb. 01, 2023
Investment interest rate	[5],[6]			21.46%
Investment interest, basis spread variable rate	[5],[6]			16%
Investment interest, floor	[5],[6]			1.25%
% of Net Assets	[5],[6]			0.80%
Par Amount	[5],[6]			$ 1,750,883
Maturity Date	[5],[6]			Feb. 24, 2025
Amortized Cost	[5],[6]			$ 1,750,883
Fair Value	[5],[6]			$ 2,940,257
Investment, Identifier [Axis]: Debt Investments- United States Hotels, Restaurants & Leisure Ruby Tuesday Operations LLC Date 02/01/23 Incremental Term Loan – 21.32% inc PIK (SOFR + 16.00%, 1.25% Floor, all PIK) Net Assets 1.0% Maturity 02/24/27
Acquisition Date	[4],[9]	Feb. 01, 2023
Investment interest rate	[4],[9]	21.32%
Investment interest, basis spread variable rate	[4],[9]	16%
Investment interest, floor	[4],[9]	1.25%
% of Net Assets	[4],[9]	1%
Par Amount	[4],[9]	$ 2,057,067
Maturity Date	[4],[9]	Feb. 24, 2027
Amortized Cost	[4],[9]	$ 2,057,067
Fair Value	[4],[9]	$ 2,928,009
Investment, Identifier [Axis]: Debt Investments- United States Hotels, Restaurants & Leisure Ruby Tuesday Operations LLC Date 02/24/21 Term Loan - 17.46% inc PIK (SOFR + 12.00%, 1.25% Floor, 6.00% PIK) Net Assets 1.8% Maturity 02/24/25
Acquisition Date	[6],[10]			Feb. 24, 2021
Investment interest rate	[6],[10]			17.46%
Investment interest, basis spread variable rate	[6],[10]			12%
Investment interest, floor	[6],[10]			1.25%
Investment interest, PIK	[6],[10]			6%
% of Net Assets	[6],[10]			1.80%
Par Amount	[6],[10]			$ 6,696,255
Maturity Date	[6],[10]			Feb. 24, 2025
Amortized Cost	[6],[10]			$ 6,696,255
Fair Value	[6],[10]			$ 6,696,255
Investment, Identifier [Axis]: Debt Investments- United States Hotels, Restaurants & Leisure Ruby Tuesday Operations LLC Date 02/24/21 Term Loan – 17.32% inc PIK (SOFR + 12.00%, 1.25% Floor, 6.00% PIK) Net Assets 3.2% Maturity 02/24/27
Acquisition Date	[4],[9]	Feb. 24, 2021
Investment interest rate	[4],[9]	17.32%
Investment interest, basis spread variable rate	[4],[9]	12%
Investment interest, floor	[4],[9]	1.25%
Investment interest, PIK	[4],[9]	6%
% of Net Assets	[4],[9]	3.20%
Par Amount	[4],[9]	$ 9,248,968
Maturity Date	[4],[9]	Feb. 24, 2027
Amortized Cost	[4],[9]	$ 9,166,601
Fair Value	[4],[9]	$ 9,248,968
Investment, Identifier [Axis]: Debt Investments- United States Household Durables Cedar Electronics Holdings, Corp. Date 01/30/19 Incremental Term Loan - 15.00% inc PIK (15.00%, Fixed Coupon, all PIK) Net Assets 1.4% Maturity 12/31/26
Acquisition Date	[6],[10]			Jan. 30, 2019
Investment interest rate	[6],[10]			15%
% of Net Assets	[6],[10]			1.40%
Par Amount	[6],[10]			$ 5,020,439
Maturity Date	[6],[10]			Dec. 31, 2026
Amortized Cost	[6],[10]			$ 5,020,439
Fair Value	[6],[10]			$ 5,020,439
Investment, Identifier [Axis]: Debt Investments- United States Household Durables Cedar Electronics Holdings, Corp. Date 01/30/19 Incremental Term Loan - 15.00% inc PIK (15.00%, Fixed Coupon, all PIK) Net Assets 2.0% Maturity 12/31/26
Acquisition Date	[4],[9]	Jan. 30, 2019
Investment interest rate	[4],[9]	15%
% of Net Assets	[4],[9]	2%
Par Amount	[4],[9]	$ 5,630,500
Maturity Date	[4],[9]	Dec. 31, 2026
Amortized Cost	[4],[9]	$ 5,563,163
Fair Value	[4],[9]	$ 5,630,500
Investment, Identifier [Axis]: Debt Investments- United States Household Durables Cedar Electronics Holdings, Corp. Date 05/19/15 Term Loan - 13.46% (SOFR + 8.00%, 1.50% Floor) Net Assets 3.8% Maturity 12/31/26
Acquisition Date	[6],[10]			May 19, 2015
Investment interest rate	[6],[10]			13.46%
Investment interest, basis spread variable rate	[6],[10]			8%
Investment interest, floor	[6],[10]			1.50%
% of Net Assets	[6],[10]			3.80%
Par Amount	[6],[10]			$ 14,018,452
Maturity Date	[6],[10]			Dec. 31, 2026
Amortized Cost	[6],[10]			$ 14,018,421
Fair Value	[6],[10]			$ 14,018,452
Investment, Identifier [Axis]: Debt Investments- United States Household Durables Cedar Electronics Holdings, Corp. Date 05/19/15 Term Loan – 13.30% (SOFR + 8.00%, 1.50% Floor) Net Assets 4.9% Maturity 12/31/26
Acquisition Date	[4],[9]	May 19, 2015
Investment interest rate	[4],[9]	13.30%
Investment interest, basis spread variable rate	[4],[9]	8%
Investment interest, floor	[4],[9]	1.50%
% of Net Assets	[4],[9]	4.90%
Par Amount	[4],[9]	$ 14,018,452
Maturity Date	[4],[9]	Dec. 31, 2026
Amortized Cost	[4],[9]	$ 14,018,421
Fair Value	[4],[9]	$ 14,018,452
Investment, Identifier [Axis]: Debt Investments- United States Household Durables Cedar Electronics Holdings, Corp. Net Assets 4.9%
% of Net Assets	[6]			5.20%
Amortized Cost	[6]			$ 19,038,860
Fair Value	[6]			$ 19,038,891
Investment, Identifier [Axis]: Debt Investments- United States Household Durables Cedar Electronics Holdings, Corp. Net Assets 6.9%
% of Net Assets	[4]	6.90%
Amortized Cost	[4]	$ 19,581,584
Fair Value	[4]	$ 19,648,952
Investment, Identifier [Axis]: Debt Investments- United States Industrial Conglomerates H-D Advanced Manufacturing Company Date 06/30/15 Term Loan - 13.96% inc PIK (SOFR + 8.50%, 1.50% Floor, all PIK) Net Assets 26.8% Maturity 11/12/25
Acquisition Date	[6]			Jun. 30, 2015
Investment interest rate	[6]			13.96%
Investment interest, basis spread variable rate	[6]			8.50%
Investment interest, floor	[6]			1.50%
% of Net Assets	[6]			26.80%
Par Amount	[6]			$ 98,278,214
Maturity Date	[6]			Nov. 12, 2025
Amortized Cost	[6]			$ 98,230,450
Fair Value	[6]			$ 98,278,214
Investment, Identifier [Axis]: Debt Investments- United States Industrial Conglomerates H-D Advanced Manufacturing Company Net Assets 26.8%
% of Net Assets	[6]			26.80%
Amortized Cost	[6]			$ 98,230,450
Fair Value	[6]			$ 98,278,214
Investment, Identifier [Axis]: Debt Investments- United States Industrial Conglomerates Net Assets 16.1%
% of Net Assets	[4]	16.10%
Amortized Cost	[4]	$ 46,044,523
Fair Value	[4]	$ 46,059,701
Investment, Identifier [Axis]: Debt Investments- United States Industrial Conglomerates Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company) Date 08/22/24 Revolver - 6.00% inc PIK (6.00%, Fixed Coupon, all PIK) Net Assets 2.0% Maturity 01/31/28
Acquisition Date	[4],[9]	Aug. 22, 2024
Investment interest rate	[4],[9]	6%
% of Net Assets	[4],[9]	2%
Par Amount	[4],[9]	$ 5,742,643
Maturity Date	[4],[9]	Jan. 31, 2028
Amortized Cost	[4],[9]	$ 5,742,643
Fair Value	[4],[9]	$ 5,742,643
Investment, Identifier [Axis]: Debt Investments- United States Industrial Conglomerates Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company) Date 08/22/24 Term Loan A - 6.00% inc PIK (6.00%, Fixed Coupon, all PIK) Net Assets 14.1% Maturity 01/31/28
Acquisition Date	[4],[9]	Aug. 22, 2024
Investment interest rate	[4],[9]	6%
% of Net Assets	[4],[9]	14.10%
Par Amount	[4],[9]	$ 40,317,058
Maturity Date	[4],[9]	Jan. 31, 2028
Amortized Cost	[4],[9]	$ 40,301,880
Fair Value	[4],[9]	$ 40,317,058
Investment, Identifier [Axis]: Debt Investments- United States Metals & Mining Net Assets 21.3%
% of Net Assets	[6]			21.30%
Amortized Cost	[6]			$ 159,688,516
Fair Value	[6]			$ 78,055,829
Investment, Identifier [Axis]: Debt Investments- United States Metals & Mining Net Assets 22.8%
% of Net Assets	[4]	22.80%
Amortized Cost	[4]	$ 163,769,117
Fair Value	[4]	$ 64,990,067
Investment, Identifier [Axis]: Debt Investments- United States Metals & Mining Pace Industries, Inc. Date 06/01/20 HoldCo Term Loan - 7.53% inc PIK (SOFR + 2.00%, 1.50% Floor, all PIK) Net Assets 0.0% Maturity 06/01/40
Acquisition Date	[6],[7],[10]			Jun. 01, 2020
Investment interest rate	[6],[7],[10]			7.53%
Investment interest, basis spread variable rate	[6],[7],[10]			2%
Investment interest, floor	[6],[7],[10]			1.50%
% of Net Assets	[6],[7],[10]			0%
Par Amount	[6],[7],[10]			$ 95,788,448
Maturity Date	[6],[7],[10]			Jun. 01, 2040
Amortized Cost	[6],[7],[10]			$ 78,137,869
Fair Value	[6],[7],[10]			$ 0
Investment, Identifier [Axis]: Debt Investments- United States Metals & Mining Pace Industries, Inc. Date 06/01/20 HoldCo Term Loan – 7.10% inc PIK (SOFR + 2.00%, 1.50% Floor, all PIK) Net Assets 0.0% Maturity 06/01/40
Acquisition Date	[4],[8],[9]	Jun. 01, 2020
Investment interest rate	[4],[8],[9]	7.10%
Investment interest, basis spread variable rate	[4],[8],[9]	2%
Investment interest, floor	[4],[8],[9]	1.50%
% of Net Assets	[4],[8],[9]	0%
Par Amount	[4],[8],[9]	$ 101,379,217
Maturity Date	[4],[8],[9]	Jun. 01, 2040
Amortized Cost	[4],[8],[9]	$ 78,137,869
Fair Value	[4],[8],[9]	$ 0
Investment, Identifier [Axis]: Debt Investments- United States Metals & Mining Pace Industries, Inc. Date 06/01/20 Term Loan - 13.78% inc PIK (SOFR + 8.25%, 1.50% Floor, all PIK) Net Assets 17.2% Maturity 06/01/25
Acquisition Date	[6],[10]			Jun. 01, 2020
Investment interest rate	[6],[10]			13.78%
Investment interest, basis spread variable rate	[6],[10]			8.25%
Investment interest, floor	[6],[10]			1.50%
% of Net Assets	[6],[10]			17.20%
Par Amount	[6],[10]			$ 65,816,181
Maturity Date	[6],[10]			Jun. 01, 2025
Amortized Cost	[6],[10]			$ 65,803,789
Fair Value	[6],[10]			$ 62,986,086
Investment, Identifier [Axis]: Debt Investments- United States Metals & Mining Pace Industries, Inc. Date 06/01/20 Term Loan – 13.35% inc PIK (SOFR + 8.25%, 1.50% Floor, all PIK) Net Assets 18.1% Maturity 06/01/25
Acquisition Date	[4],[8],[9]	Jun. 01, 2020
Investment interest rate	[4],[8],[9]	13.35%
Investment interest, basis spread variable rate	[4],[8],[9]	8.25%
Investment interest, floor	[4],[8],[9]	1.50%
% of Net Assets	[4],[8],[9]	18.10%
Par Amount	[4],[8],[9]	$ 72,972,194
Maturity Date	[4],[8],[9]	Jun. 01, 2025
Amortized Cost	[4],[8],[9]	$ 68,097,904
Fair Value	[4],[8],[9]	$ 51,664,313
Investment, Identifier [Axis]: Debt Investments- United States Metals & Mining Pace Industries, Inc. Date 10/07/22 Revolver - 13.72% inc PIK (SOFR + 8.25%, 1.50% Floor, all PIK) Net Assets 4.7% Maturity 06/01/25
Acquisition Date	[4],[8],[9]	Oct. 07, 2022
Investment interest rate	[4],[8],[9]	13.72%
Investment interest, basis spread variable rate	[4],[8],[9]	8.25%
Investment interest, floor	[4],[8],[9]	1.50%
% of Net Assets	[4],[8],[9]	4.70%
Par Amount	[4],[8],[9]	$ 18,821,687
Maturity Date	[4],[8],[9]	Jun. 01, 2025
Amortized Cost	[4],[8],[9]	$ 17,533,344
Fair Value	[4],[8],[9]	$ 13,325,754
Investment, Identifier [Axis]: Debt Investments- United States Metals & Mining Pace Industries, Inc. Date 10/07/22 Revolver - 13.81% inc PIK (SOFR + 8.25%, 1.50% Floor, all PIK) Net Assets 4.1% Maturity 06/01/25
Acquisition Date	[6],[10]			Oct. 07, 2022
Investment interest rate	[6],[10]			13.81%
Investment interest, basis spread variable rate	[6],[10]			8.25%
Investment interest, floor	[6],[10]			1.50%
% of Net Assets	[6],[10]			4.10%
Par Amount	[6],[10]			$ 15,746,858
Maturity Date	[6],[10]			Jun. 01, 2025
Amortized Cost	[6],[10]			$ 15,746,858
Fair Value	[6],[10]			$ 15,069,743
Investment, Identifier [Axis]: Debt Investments- United States Net Assets 71.4%
% of Net Assets	[4]	71.40%
Amortized Cost	[4]	$ 325,575,938
Fair Value	[4]	$ 203,891,653
Investment, Identifier [Axis]: Debt Investments- United States Net Assets 75.4%
% of Net Assets	[6]			75.40%
Amortized Cost	[6]			$ 368,324,509
Fair Value	[6]			$ 276,377,090
Investment, Identifier [Axis]: Debt Investments- United States Pharmaceuticals Net Assets 11.9%
% of Net Assets	[6]			11.90%
Amortized Cost	[6]			$ 43,900,103
Fair Value	[6]			$ 43,505,002
Investment, Identifier [Axis]: Debt Investments- United States Pharmaceuticals Net Assets 15.1%
% of Net Assets	[4]	15.10%
Amortized Cost	[4]	$ 43,959,257
Fair Value	[4]	$ 43,079,872
Investment, Identifier [Axis]: Debt Investments- United States Pharmaceuticals Noramco, LLC Date 07/01/16 Term Loan – 13.86% inc PIK (SOFR + 8.38%, 1.00% Floor, 0.38% PIK) Net Assets 15.1% Maturity 01/31/26
Acquisition Date	[4]	Jul. 01, 2016
Investment interest rate	[4]	13.86%
Investment interest, basis spread variable rate	[4]	8.38%
Investment interest, floor	[4]	1%
Investment interest, PIK	[4]	0.38%
% of Net Assets	[4]	15.10%
Par Amount	[4]	$ 43,959,054
Maturity Date	[4]	Jan. 31, 2026
Amortized Cost	[4]	$ 43,959,257
Fair Value	[4]	$ 43,079,872
Investment, Identifier [Axis]: Debt Investments- United States Pharmaceuticals Noramco, LLC Date 07/01/16 Term Loan – 13.92% inc PIK (SOFR + 8.38%, 1.00% Floor, 0.38% PIK) Net Assets 11.9% Maturity 01/31/25
Acquisition Date	[6]			Jul. 01, 2016
Investment interest rate	[6]			13.92%
Investment interest, basis spread variable rate	[6]			8.38%
Investment interest, floor	[6]			1%
Investment interest, PIK	[6]			0.38%
% of Net Assets	[6]			11.90%
Par Amount	[6]			$ 43,900,104
Maturity Date	[6]			Jan. 31, 2025
Amortized Cost	[6]			$ 43,900,103
Fair Value	[6]			$ 43,505,002
Investment, Identifier [Axis]: Equity Investments- United States Diversified Consumer Services Net Assets 14.7%
% of Net Assets		14.70%
Amortized Cost		$ 8,473,161
Fair Value		$ 41,842,630
Investment, Identifier [Axis]: Equity Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc. Class A Preferred Stock Net Assets 4.2%
% of Net Assets	[7],[10],[11],[12]			4.20%
Shares	[7],[10],[11],[12]			806,264
Amortized Cost	[7],[10],[11],[12]			$ 8,062,637
Fair Value	[7],[10],[11],[12]			$ 15,399,637
Investment, Identifier [Axis]: Equity Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc. Class B Preferred Stock Net Assets 1.3%
% of Net Assets	[7],[10],[11],[12]			1.30%
Shares	[7],[10],[11],[12]			359,474
Amortized Cost	[7],[10],[11],[12]			$ 356,635
Fair Value	[7],[10],[11],[12]			$ 4,888,847
Investment, Identifier [Axis]: Equity Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc. Common Stock Net Assets 8.7%
% of Net Assets	[7],[10],[11],[12]			8.70%
Shares	[7],[10],[11],[12]			80,700
Amortized Cost	[7],[10],[11],[12]			$ 53,889
Fair Value	[7],[10],[11],[12]			$ 31,928,148
Investment, Identifier [Axis]: Equity Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc. Net Assets 14.2%
% of Net Assets				14.20%
Amortized Cost				$ 8,473,161
Fair Value				$ 52,216,632
Investment, Identifier [Axis]: Equity Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc.) Class A Preferred Stock Net Assets 6.3%
% of Net Assets	[8],[9],[13],[14]	6.30%
Shares	[8],[9],[13],[14]	806,264
Amortized Cost	[8],[9],[13],[14]	$ 8,062,637
Fair Value	[8],[9],[13],[14]	$ 18,060,308
Investment, Identifier [Axis]: Equity Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc.) Class B Preferred Stock Net Assets 1.9%
% of Net Assets	[8],[9],[13],[14]	1.90%
Shares	[8],[9],[13],[14]	359,474
Amortized Cost	[8],[9],[13],[14]	$ 356,635
Fair Value	[8],[9],[13],[14]	$ 5,284,268
Investment, Identifier [Axis]: Equity Investments- United States Diversified Consumer Services SSI Parent, LLC (fka School Specialty, Inc.) Common Stock Net Assets 6.5%
% of Net Assets	[8],[9],[13],[14]	6.50%
Shares	[8],[9],[13],[14]	80,700
Amortized Cost	[8],[9],[13],[14]	$ 53,889
Fair Value	[8],[9],[13],[14]	$ 18,498,054
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure Net Assets 6.6%
% of Net Assets		6.60%
Amortized Cost		$ 5,333,708
Fair Value		$ 18,966,781
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure RT Holdings Parent, LLC Class A Units Net Assets 5.3%
% of Net Assets	[7],[10],[11]			5.30%
Shares	[7],[10],[11]			5,475,885
Amortized Cost	[7],[10],[11]			$ 5,133,708
Fair Value	[7],[10],[11]			$ 19,487,032
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure RT Holdings Parent, LLC Class A Units Net Assets 5.6%
% of Net Assets	[8],[9],[13]	5.60%
Shares	[8],[9],[13]	5,475,885
Amortized Cost	[8],[9],[13]	$ 5,133,708
Fair Value	[8],[9],[13]	$ 15,928,802
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure RT Holdings Parent, LLC Class P-1 Units Net Assets 0.1%
% of Net Assets		0.10%	[8],[9],[13]	0.10%	[7],[10],[11]
Shares		105,624	[8],[9],[13]	105,624	[7],[10],[11]
Amortized Cost		$ 133,086	[8],[9],[13]	$ 133,086	[7],[10],[11]
Fair Value		$ 306,996	[8],[9],[13]	$ 376,000	[7],[10],[11]
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure RT Holdings Parent, LLC Class P-2 Units Net Assets 0.0%
% of Net Assets		0%	[8],[9],[13]	0%	[7],[10],[11]
Shares		53,104	[8],[9],[13]	53,104	[7],[10],[11]
Amortized Cost		$ 66,914	[8],[9],[13]	$ 66,914	[7],[10],[11]
Fair Value		$ 76,002	[8],[9],[13]	$ 110,000	[7],[10],[11]
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure RT Holdings Parent, LLC Net Assets 6.3%
% of Net Assets				6.30%
Amortized Cost				$ 5,333,708
Fair Value				$ 23,220,960
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure RT Holdings Parent, LLC Warrant, expires 12/21/27 Net Assets 0.9%
% of Net Assets	[7],[10],[11]			0.90%
Shares	[7],[10],[11]			912,647
Amortized Cost	[7],[10],[11]			$ 0
Fair Value	[7],[10],[11]			$ 3,247,928
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure RT Holdings Parent, LLC Warrant, expires 12/21/27 Net Assets 0.9% Shares 912,647
Maturity Date	[7],[10],[11]			Dec. 21, 2027
Investment, Identifier [Axis]: Equity Investments- United States Hotels, Restaurants & Leisure RT Holdings Parent, LLC Warrant, expires 2/24/25 Net Assets 0.9%
% of Net Assets	[8],[9],[13]	0.90%
Shares	[8],[9],[13]	912,647
Amortized Cost	[8],[9],[13]	$ 0
Fair Value	[8],[9],[13]	$ 2,654,981
Maturity Date	[8],[9],[13]	Feb. 24, 2025
Investment, Identifier [Axis]: Equity Investments- United States Household Durables Cedar Ultimate Parent, LLC Class A Preferred Units Net Assets 5.4%
% of Net Assets		5.40%	[8],[9],[13]	5.40%	[7],[10],[11]
Shares		9,297,990	[8],[9],[13]	9,297,990	[7],[10],[11]
Amortized Cost		$ 9,187,902	[8],[9],[13]	$ 9,187,902	[7],[10],[11]
Fair Value		$ 15,320,019	[8],[9],[13]	$ 19,981,009	[7],[10],[11]
Investment, Identifier [Axis]: Equity Investments- United States Household Durables Cedar Ultimate Parent, LLC Class D Preferred Units Net Assets 0.0%
% of Net Assets		0%	[8],[9],[13]	0%	[7],[10],[11]
Shares		2,900,000	[8],[9],[13]	2,900,000	[7],[10],[11]
Amortized Cost		$ 0	[8],[9],[13]	$ 0	[7],[10],[11]
Fair Value		$ 0	[8],[9],[13]	$ 0	[7],[10],[11]
Investment, Identifier [Axis]: Equity Investments- United States Household Durables Cedar Ultimate Parent, LLC Class E Common Units Net Assets 0.0%
% of Net Assets		0%	[8],[9],[13]	0%	[7],[10],[11]
Shares		300,000	[8],[9],[13]	300,000	[7],[10],[11]
Amortized Cost		$ 0	[8],[9],[13]	$ 0	[7],[10],[11]
Fair Value		$ 0	[8],[9],[13]	$ 0	[7],[10],[11]
Investment, Identifier [Axis]: Equity Investments- United States Household Durables Cedar Ultimate Parent, LLC Net Assets 5.4%
% of Net Assets				5.40%
Amortized Cost				$ 9,187,902
Fair Value				$ 19,981,009
Investment, Identifier [Axis]: Equity Investments- United States Household Durables Net Assets 5.4%
% of Net Assets		5.40%
Amortized Cost		$ 9,187,902
Fair Value		$ 15,320,019
Investment, Identifier [Axis]: Equity Investments- United States Industrial Conglomerates Net Assets 11.5%
% of Net Assets		11.50%
Amortized Cost		$ 62,647,925
Fair Value		$ 32,762,000
Investment, Identifier [Axis]: Equity Investments- United States Industrial Conglomerates Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company) Class A Units Net Assets 11.5%
% of Net Assets	[8],[9],[13]	11.50%
Shares	[8],[9],[13]	100,000
Amortized Cost	[8],[9],[13]	$ 62,647,925
Fair Value	[8],[9],[13]	$ 32,762,000
Investment, Identifier [Axis]: Equity Investments- United States Investment Funds & Vehicles Net Assets 19.6%
% of Net Assets		19.60%
Amortized Cost		$ 65,000,000
Fair Value		$ 55,937,883
Investment, Identifier [Axis]: Equity Investments- United States Investment Funds & Vehicles TCW Direct Lending Strategic Ventures Common membership Interests Net Assets 0.0%
% of Net Assets		0%	[8],[9],[15]	0%	[7],[10],[16]
Shares		800	[8],[9],[15]	800	[7],[10],[16]
Amortized Cost		$ 0	[8],[9],[15]	$ 0	[7],[10],[16]
Fair Value		$ 0	[8],[9],[15]	$ 0	[7],[10],[16]
Investment, Identifier [Axis]: Equity Investments- United States Investment Funds & Vehicles TCW Direct Lending Strategic Ventures Net Assets 19.0%
% of Net Assets				19%
Amortized Cost	[10],[16]			$ 66,880,000
Fair Value	[10],[16]			$ 69,780,704
Investment, Identifier [Axis]: Equity Investments- United States Investment Funds & Vehicles TCW Direct Lending Strategic Ventures Preferred membership Interests Net Assets 19.0%
% of Net Assets	[10],[16]			19%
Shares	[10],[16]			66,880
Amortized Cost	[10],[16]			$ 66,880,000
Fair Value	[10],[16]			$ 69,780,704
Investment, Identifier [Axis]: Equity Investments- United States Investment Funds & Vehicles TCW Direct Lending Strategic Ventures Preferred membership Interests Net Assets 19.6%
% of Net Assets	[9],[15]	19.60%
Shares	[9],[15]	65,000
Amortized Cost	[9],[15]	$ 65,000,000
Fair Value	[9],[15]	$ 55,937,883
Investment, Identifier [Axis]: Equity Investments- United States Metals & Mining Net Assets 0.0%
% of Net Assets		0%
Amortized Cost		$ 2,110,522
Fair Value		$ 0
Investment, Identifier [Axis]: Equity Investments- United States Metals & Mining Pace Industries, Inc. Common Stock Net Assets 0.0%
% of Net Assets		0%	[8],[9],[13]	0%	[7],[10],[11]
Shares		971,418	[8],[9],[13]	971,418	[7],[10],[11]
Amortized Cost		$ 2,110,522	[8],[9],[13]	$ 2,110,522	[7],[10],[11]
Fair Value		$ 0	[8],[9],[13]	$ 0	[7],[10],[11]
Investment, Identifier [Axis]: Equity Investments- United States Metals & Mining Pace Industries, Inc. Net Assets 0.0%
% of Net Assets				0%
Amortized Cost				$ 2,110,522
Fair Value				$ 0
Investment, Identifier [Axis]: Equity Investments- United States Net Assets 45.1%
% of Net Assets				45.10%
Amortized Cost				$ 98,467,081
Fair Value				$ 165,817,519
Investment, Identifier [Axis]: Equity Investments- United States Net Assets 57.9%
% of Net Assets		57.90%
Amortized Cost		$ 159,235,006
Fair Value		$ 165,138,423
Investment, Identifier [Axis]: Equity Investments- United States Technologies Hardware, Storage and Peripherals Net Assets 0.1%
% of Net Assets		0.10%
Amortized Cost		$ 6,481,788
Fair Value		$ 309,110
Investment, Identifier [Axis]: Equity Investments- United States Technologies Hardware, Storage and Peripherals Quantum Corporation Common Stock Net Assets 0.1%
% of Net Assets	[8]	0.10%
Shares	[8]	88,317
Amortized Cost	[8]	$ 6,481,788
Fair Value	[8]	309,110
Investment, Identifier [Axis]: Equity Investments- United States Technologies Hardware, Storage and Peripherals Quantum Corporation Common Stock Net Assets 0.2%
% of Net Assets	[7]			0.20%
Shares	[7]			1,766,327
Amortized Cost	[7]			$ 6,481,788
Fair Value	[7]			$ 618,214
Investment, Identifier [Axis]: Equity Investments- United States Technologies Hardware, Storage and Peripherals Quantum Corporation Net Assets 0.2%
% of Net Assets				0.20%
Amortized Cost				$ 6,481,788
Fair Value				618,214
Investment, Identifier [Axis]: Liabilities in Excess of Other Assets (-154.7%)
Liabilities in Excess of Other Assets				(567,393,553)
Investment, Identifier [Axis]: Liabilities in Excess of Other Assets (-177.2%)
Liabilities in Excess of Other Assets		(504,998,639)
Investment, Identifier [Axis]: Net Assets 100.0%
Net Assets		284,928,704		366,739,455
Investment, Identifier [Axis]: Net unrealized depreciation on unfunded commitments (-0.2%)
Net unrealized depreciation on unfunded commitments		$ (682,223)
Investment, Identifier [Axis]: Net unrealized depreciation on unfunded commitments (-0.7%)
Net unrealized depreciation on unfunded commitments				$ (2,399,435)
Investment, Identifier [Axis]: Short-term Investments Net Assets 134.1%
% of Net Assets				134.10%
Amortized Cost				$ 491,965,556
Fair Value				$ 491,965,556
Investment, Identifier [Axis]: Short-term Investments Net Assets 147.0%
% of Net Assets		147%
Amortized Cost		$ 418,769,441
Fair Value		$ 418,769,441
Investment, Identifier [Axis]: Short-term Investments U.S. Treasury Bill, Yield 5.08% Net Assets 147.0%
% of Net Assets		147%
Shares		425,000,000
Amortized Cost		$ 418,769,441
Fair Value		418,769,441
Investment, Identifier [Axis]: Short-term Investments U.S. Treasury Bill, Yield 5.26% Net Assets 134.1%
% of Net Assets				134.10%
Shares				500,000,000
Amortized Cost				$ 491,965,556
Fair Value				491,965,556
Investment, Identifier [Axis]: Total Investments (255.4%)
Amortized Cost				961,129,424
Fair Value				$ 936,532,443
Investment, Identifier [Axis]: Total Investments (277.5%)
Amortized Cost		906,390,434
Fair Value		$ 790,609,566
[1] The fair value of the Quantum Corporation Common Stock held by the Company is based on the quoted market price of the issuer’s stock as of December 31, 2023 . Such common stock is considered to be a Level 1 security within the Fair Value Hierarchy. Otherwise, the fair value of each debt and equity investment was determined using significant unobservable inputs and such investments are considered to be Level 3 within the Fair Value Hierarchy. See Note 3 “Investment Valuations and Fair Value Measurements.” The fair value of the Quantum Corporation Common Stock held by the Company is based on the quoted market price of the issuer’s stock as of September 30, 2024 . Such common stock is considered to be a Level 1 security within the Fair Value Hierarchy. Otherwise, the fair value of each debt and equity investment was determined using significant unobservable inputs and such investments are considered to be Level 3 within the Fair Value Hierarchy. See Note 3 “Investment Valuations and Fair Value Measurements.” As defined in the Investment Company Act of 1940, the investment is deemed to be an “affiliated person” of the Company because the Company owns, either directly or indirectly, between 5 % and 25 % of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company. Fair value as of December 31, 2023 and September 30, 2024 along with transactions during the nine months ended September 30, 2024 in these affiliated investments are as follows: Name of Investment Fair Value at December 31, 2023 Gross Addition (a) Gross Reduction (b) Realized Gains Net Change in Fair Value at September 30, 2024 Interest/Dividend/ Animal Supply Company, LLC First Out Term Loan - 9.50 % $ — $ 2,577,716 $ — $ — $ 35,725 $ 2,613,441 $ 133,179 Animal Supply Company, LLC Term Loan - 9.50 % 19,054,378 — ( 52,086 ) — ( 11,931,179 ) 7,071,113 ( 39,059 ) Retail & Animal Intermediate, LLC Delayed Draw Priming Term Loan - 20.00 % — — — — — — — Total Non-Controlled Affiliated Investments $ 19,054,378 $ 2,577,716 $ ( 52,086 ) $ — $ ( 11,895,454 ) $ 9,684,554 $ 94,120 Certain debt investments are subject to contractual restrictions on resale, such as approval of the agent or borrower. As defined in the Investment Company Act of 1940, the investment is deemed to be an “affiliated person” of the Company because the Company owns, either directly or indirectly, between 5 % and 25 % of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company. Fair value as of December 31, 2022 and December 31, 2023 along with transactions during the year ended December 31, 2023 in these affiliated investments are as follows: Name of Investment Fair Value at December 31, 2022 Gross Addition (a) Gross Reduction (b) Realized Gains Net Change in Fair Value at December 31, 2023 Interest/Dividend/ Animal Supply Holdings LLC Class A Common $ — $ — $ — $ ( 1,572,727 ) $ 1,572,727 $ — $ — Animal Supply Company, LLC Term Loan - 9.50 % 22,624,644 2,742,303 — — ( 6,312,569 ) 19,054,378 2,748,900 Guardia LLC (fka Carrier & Technology, LLC) Revolver - 8.75 % 2,604,562 1,072 — ( 1,928,556 ) ( 677,078 ) — — PNI Litigation Trust (fka Guardia) Preferred Equity — — — ( 115,715 ) 115,715 — — Retail & Animal Intermediate, LLC Delayed Draw Priming Term Loan — 2,816,304 — — ( 2,816,304 ) — 312,939 Retail and Animal Intermediate Subordinated Loan - 7.00 % — — — ( 23,151,201 ) 23,151,201 — — Total Non-Controlled Affiliated Investments $ 25,229,206 $ 5,559,679 $ — $ ( 26,768,199 ) $ 15,033,692 $ 19,054,378 $ 3,061,839 (a) Gross additions include new purchases, PIK income and amortization of original issue and market discounts. (b) Gross reductions include decreases in the cost basis from sales, paydown and the amortization of premium. Certain debt investments are subject to contractual restrictions on resale, such as approval of the agent or borrower. Non-income producing. Non-income producing. As defined in the Investment Company Act of 1940, the investment is deemed to be a “controlled person” of the Company because the Company owns, either directly or indirectly, 25 % or more of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company. Fair value as of December 31, 2023 and September 30, 2024 along with transactions during the nine months ended September 30, 2024 in these controlled investments are as follows: Name of Investment Fair Value at December 31, 2023 Gross Addition (a) Gross Reduction (b) Realized Gains Net Change Fair Value at September 30, 2024 Interest/Dividend/ Cedar Electronics Holdings, Corp Incremental Term Loan - 15.00 % $ 5,020,439 $ 542,724 $ — $ — $ 67,337 $ 5,630,500 $ 543,566 Cedar Electronics Holdings, Corp Term Loan - 9.50 % 14,018,452 — — — — 14,018,452 1,611,881 Cedar Ultimate Parent, LLC Class A Preferred Unit 19,981,009 — — — ( 4,660,990 ) 15,320,019 — Cedar Ultimate Parent, LLC Class D Preferred Unit — — — — — — — Cedar Ultimate Parent, LLC Class E Preferred Unit — — — — — — — Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company) Revolver - 6.00 % — 5,742,643 — — — 5,742,643 243,762 Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company) Term Loan - 6.00 % — 40,301,880 — — 15,178 40,317,058 324,185 Pace Industries, Inc. Common Stock — — — — — — — Pace Industries, Inc. Term Loan - 3.50 % — — — — — — — Pace Industries, Inc. Term Loan - 9.75 % 62,986,086 2,294,114 — — ( 13,615,887 ) 51,664,313 1,681,196 Pace Industries, LLC Revolver Opco - 9.75 % 15,069,743 1,786,486 — — ( 3,530,475 ) 13,325,754 123,234 Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company) Class A Units — 62,647,925 — — ( 29,885,925 ) 32,762,000 — RT Holdings Parent, LLC Class A Unit 19,487,032 — — — ( 3,558,230 ) 15,928,802 — RT Holdings Parent, LLC Warrant 3,247,928 — — — ( 592,947 ) 2,654,981 — RT Holdings Parent, LLC P-1 Units 376,000 — — — ( 69,004 ) 306,996 — RT Holdings Parent, LLC P-2 Units 110,000 — — — ( 33,998 ) 76,002 — Ruby Tuesday Operations, LLC Term Loan - 13.25 % 6,696,255 2,663,752 ( 193,406 ) — 82,367 9,248,968 1,005,599 Ruby Tuesday Operations, LLC Incremental Term Loan - 17.25 % 2,940,257 306,185 — — ( 318,433 ) 2,928,009 312,613 SSI Parent, LLC (fka School Specialty, Inc.) Common Stock 31,928,148 — — — ( 13,430,094 ) 18,498,054 795,969 SSI Parent, LLC (fka School Specialty, Inc.) Preferred Stock A 15,399,637 — — — 2,660,670 18,060,307 — SSI Parent, LLC (fka School Specialty, Inc.) Preferred Stock B 4,888,847 — — — 395,421 5,284,268 — SSI Parent, LLC (fka School Specialty, Inc.) Term Loan - 9.25 % 8,808,264 6,350 ( 553,633 ) — ( 9,451 ) 8,251,530 895,667 TCW Direct Lending Strategic Ventures LLC Common Membership Interests — — — — — — — TCW Direct Lending Strategic Ventures LLC Preferred Membership Interests 69,780,704 — ( 1,880,000 ) — ( 11,962,821 ) 55,937,883 4,000,000 Total Controlled Affiliated Investments $ 280,738,801 $ 116,292,059 $ ( 2,627,039 ) $ — $ ( 78,447,282 ) $ 315,956,539 $ 11,537,672 As defined in the Investment Company Act of 1940, the investment is deemed to be a “controlled person” of the Company because the Company owns, either directly or indirectly, 25 % or more of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company. Fair value as of December 31, 2022 and December 31, 2023 along with transactions during the year ended December 31, 2023 in these controlled investments are as follows: Name of Investment Fair Value at December 31, 2022 Gross Addition (a) Gross Reduction (b) Realized Gains Net Change Fair Value at December 31, 2023 Interest/Dividend/ Cedar Electronics Holdings, Corp Incremental Term Loan - 15.00 % $ 4,316,274 $ 704,165 $ — $ — $ — $ 5,020,439 $ 773,261 Cedar Electronics Holdings, Corp Term Loan - 9.50 % 15,126,452 532 ( 1,107,870 ) — ( 662 ) 14,018,452 2,083,627 Cedar Ultimate Parent, LLC Class A Preferred Unit 11,753,031 — — — 8,227,978 19,981,009 — Cedar Ultimate Parent, LLC Class D Preferred Unit — — — — — — — Cedar Ultimate Parent, LLC Class E Preferred Unit — — — — — — — Pace Industries, Inc. Common Stock — — — — — — — Pace Industries, Inc. Term Loan - 3.50 % 31,455,178 — — — ( 31,455,178 ) — 17,031 Pace Industries, Inc. Term Loan - 9.75 % 57,579,326 8,245,605 — — ( 2,838,845 ) 62,986,086 8,439,162 Pace Industries, LLC Revolver Opco 8,616,757 7,130,100 — — ( 677,114 ) 15,069,743 1,831,440 RT Holdings Parent, LLC Class A Unit 19,103,720 — — — 383,312 19,487,032 — RT Holdings Parent, LLC Warrant 3,184,225 — — — 63,703 3,247,928 — Ruby Tuesday Operations, LLC Term Loan 6,715,899 999,628 ( 1,019,272 ) — — 6,696,255 1,327,622 Ruby Tuesday Operations, LLC Incremental Term Loan — 1,750,882 — — 1,189,375 2,940,257 318,000 Ruby Tuesday Operations, LLC Revolver - 2.78 % — — — — — — 62,186 Ruby Tuesday P-1 Units 368,005 — — — 7,995 376,000 — Ruby Tuesday P-2 Units 106,999 — — — 3,001 110,000 — SSI Parent, LLC (fka School Specialty, Inc.) Common Stock 27,419,241 — — — 4,508,907 31,928,148 6,196,400 SSI Parent, LLC (fka School Specialty, Inc.) Preferred Stock A 13,061,335 — — — 2,338,302 15,399,637 — SSI Parent, LLC (fka School Specialty, Inc.) Preferred Stock B 4,529,373 — — — 359,474 4,888,847 — SSI Parent, LLC (fka School Specialty, Inc.) Term Loan - 9.25 % 35,383,037 — ( 26,467,962 ) — ( 106,811 ) 8,808,264 2,351,953 TCW Direct Lending Strategic Ventures LLC Common Membership Interests — — — — — — — TCW Direct Lending Strategic Ventures LLC Preferred Membership Interests 84,141,713 — ( 18,000,000 ) — 3,638,991 69,780,704 2,400,000 Total Controlled Affiliated Investments $ 322,860,565 $ 18,830,912 $ ( 46,595,104 ) $ — $ ( 14,357,572 ) $ 280,738,801 $ 25,800,682 All or a portion of such security was acquired in a transaction exempt from registration under the Securities Act of 1933 as amended (the “Securities Act”) and may be deemed “restricted securities” under the Securities Act. As of December 31, 2023, the aggregate fair value of these securities was $ 95,418,601 , or 10.2 % of the Company’s total assets. Holdings of SSI Parent, LLC (fka School Specialty, Inc.) Class A & B preferred stock and common stock are held through TCW DL SSP LLC, a special purpose vehicle. All or a portion of such security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed “restricted securities” under the Securities Act. As of September 30, 2024, the aggregate fair value of these securities was $ 108,891,430 , or 13.7 % of the Company’s total assets. Holdings of SSI Parent, LLC (fka School Specialty, Inc.) Class A & B preferred stock and common stock are held through TCW DL SSP LLC, a special purpose vehicle. The investment is not a qualifying asset as defined in Section 55(a) under the Investment Company Act of 1940, as amended. A business development company may not acquire an asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70 % of the company’s total assets. As of September 30, 2024, $ 55,937,883 or 7.1 % of the Company’s total assets were represented by “non-qualifying assets.” The investment is not a qualifying asset as defined in Section 55(a) under the Investment Company Act of 1940, as amended. A business development company may not acquire an asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70 % of the company’s total assets. As of December 31, 2023, $ 69,780,704 or 7.4 % of the Company’s total assets were represented by “non-qualifying assets.”

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (Parenthetical) - USD ($)		9 Months Ended		12 Months Ended
		Sep. 30, 2024		Dec. 31, 2023		Dec. 31, 2022
% of Net Assets		100%		100%
Percentage of net unrealized depreciation on unfunded commitments		(0.20%)		(0.70%)
Percentage of liabilities in excess of other assets		(177.20%)		(154.70%)
Percentage of minimum qualifying assets		70%		70%
Non-qualifying assets		$ 55,937,883		$ 69,780,704
Percentage of non-qualifying assets		7.10%		7.40%
Aggregate fair value on restricted securities		$ 108,891,430		$ 95,418,601
Percentage of restricted securities on net assets		13.70%		10.20%
U.S. Treasury Bill
Percentage of yield on investment		5.08%		5.26%
Investments
% of Net Assets		277.50%		255.40%
Non-Controlled Affiliated Investments
Fair Value		$ 9,684,554		$ 19,054,378		$ 25,229,206
Gross Addition		2,577,716	[1]	5,559,679	[2]
Gross Reduction		(52,086)	[3]	0	[4]
Realized Gains (Losses)		0		(26,768,199)
Net Change in Unrealized Appreciation/ (Depreciation)		(11,895,454)		15,033,692
Fair Value		9,684,554		19,054,378		25,229,206
Interest/Dividend/ Other income		$ 94,120		$ 3,061,839
Non-Controlled Affiliated Investments | Minimum
Percentage of voting interests on investment securities owned		5%		5%
Non-Controlled Affiliated Investments | Maximum
Percentage of voting interests on investment securities owned		25%		25%
Controlled Affiliated Investments
Fair Value		$ 315,956,539		$ 280,738,801		322,860,565
Gross Addition		116,292,059	[5]	18,830,912	[2]
Gross Reduction		(2,627,039)	[6]	(46,595,104)	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(78,447,282)		(14,357,572)
Fair Value		315,956,539		280,738,801		322,860,565
Interest/Dividend/ Other income		$ 11,537,672		$ 25,800,682
Controlled Affiliated Investments | Minimum
Percentage of voting interests on investment securities owned		25%		25%
First American Government Obligation Fund | Cash Equivalents
Percentage of yield on investment		4.82%		5.30%
Animal Supply Holdings LLC | Non-Controlled Affiliated Investments | Class A Common
Fair Value				$ 0		0
Gross Addition	[2]			0
Gross Reduction	[4]			0
Realized Gains (Losses)				(1,572,727)
Net Change in Unrealized Appreciation/ (Depreciation)				1,572,727
Fair Value				0		0
Interest/Dividend/ Other income				0
Animal Supply Company, LLC | Non-Controlled Affiliated Investments | First Out Term Loan
Fair Value		$ 2,613,441		0
Gross Addition	[1]	2,577,716
Gross Reduction	[3]	0
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		35,725
Fair Value		2,613,441		0
Interest/Dividend/ Other income		$ 133,179
Investment interest rate		9.50%
Animal Supply Company, LLC | Non-Controlled Affiliated Investments | Term Loan - 9.50%
Fair Value		$ 7,071,113		19,054,378		22,624,644
Gross Addition		0	[1]	2,742,303	[2]
Gross Reduction		(52,086)	[3]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(11,931,179)		(6,312,569)
Fair Value		7,071,113		19,054,378		22,624,644
Interest/Dividend/ Other income		$ (39,059)		$ 2,748,900
Investment interest rate		9.50%		9.50%
Retail & Animal Supply Holdings LLC | Non-Controlled Affiliated Investments | Delayed Draw Priming Term Loan
Fair Value				$ 0		0
Gross Addition	[2]			2,816,304
Gross Reduction	[4]			0
Realized Gains (Losses)				0
Net Change in Unrealized Appreciation/ (Depreciation)				(2,816,304)
Fair Value				0		0
Interest/Dividend/ Other income				312,939
Cedar Electronics Holdings, Corp. | Controlled Affiliated Investments | Incremental Term Loan - 15.00%
Fair Value		$ 5,630,500		5,020,439		4,316,274
Gross Addition		542,724	[5]	704,165	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		67,337		0
Fair Value		5,630,500		5,020,439		4,316,274
Interest/Dividend/ Other income		$ 543,566		$ 773,261
Investment interest rate		15%		15%
Cedar Electronics Holdings, Corp. | Controlled Affiliated Investments | Term Loan - 9.50%
Fair Value		$ 14,018,452		$ 14,018,452		15,126,452
Gross Addition		0	[5]	532	[2]
Gross Reduction		0	[6]	(1,107,870)	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		0		(662)
Fair Value		14,018,452		14,018,452		15,126,452
Interest/Dividend/ Other income		$ 1,611,881		$ 2,083,627
Investment interest rate		9.50%		9.50%
Guardia LLC (fka Carrier & Technology, LLC) | Non-Controlled Affiliated Investments | Revolver
Fair Value				$ 0		2,604,562
Gross Addition	[2]			1,072
Gross Reduction	[4]			0
Realized Gains (Losses)				(1,928,556)
Net Change in Unrealized Appreciation/ (Depreciation)				(677,078)
Fair Value				0		2,604,562
Interest/Dividend/ Other income				$ 0
Investment interest rate				8.75%
PNI Litigation Trust (fka Guardia) | Non-Controlled Affiliated Investments | Preferred Equity
Fair Value				$ 0		0
Gross Addition	[2]			0
Gross Reduction	[4]			0
Realized Gains (Losses)				(115,715)
Net Change in Unrealized Appreciation/ (Depreciation)				115,715
Fair Value				0		0
Interest/Dividend/ Other income				0
Retail & Animal Intermediate, LLC | Non-Controlled Affiliated Investments | Subordinated Loan
Fair Value		$ 0		0		0
Gross Addition		0	[1]	0	[2]
Gross Reduction		0	[3]	0	[2]
Realized Gains (Losses)		0		(23,151,201)
Net Change in Unrealized Appreciation/ (Depreciation)		0		(23,151,201)
Fair Value		0		0		0
Interest/Dividend/ Other income		$ 0		$ 0
Investment interest rate		20%		7%
Cedar Ultimate Parent, LLC | Controlled Affiliated Investments | Class A Preferred Units
Fair Value		$ 15,320,019		$ 19,981,009		11,753,031
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(4,660,990)		8,227,978
Fair Value		15,320,019		19,981,009		11,753,031
Interest/Dividend/ Other income		0		0
Cedar Ultimate Parent, LLC | Controlled Affiliated Investments | Class D Preferred Units
Fair Value		0		0		0
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		0		0
Fair Value		0		0		0
Interest/Dividend/ Other income		0		0
Cedar Ultimate Parent, LLC | Controlled Affiliated Investments | Class E Preferred Units
Fair Value		0		0		0
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		0		0
Fair Value		0		0		0
Interest/Dividend/ Other income		0		0
Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company) | Controlled Affiliated Investments | Revolver - 6.00%
Fair Value		5,742,643		0
Gross Addition	[5]	5,742,643
Gross Reduction	[6]	0
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		0
Fair Value		5,742,643		0
Interest/Dividend/ Other income		$ 243,762
Investment interest rate		6%
Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company) | Controlled Affiliated Investments | Term Loan - 6.00%
Fair Value		$ 40,317,058		0
Gross Addition	[5]	40,301,880
Gross Reduction	[6]	0
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		15,178
Fair Value		40,317,058		0
Interest/Dividend/ Other income		$ 324,185
Investment interest rate		6%
Pace Industries, Inc. | Controlled Affiliated Investments | Common Stock
Fair Value		$ 0		0		0
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		0		0
Fair Value		0		0		0
Interest/Dividend/ Other income		0		0
Pace Industries, Inc. | Controlled Affiliated Investments | Term Loan - 3.50%
Fair Value		0		0		31,455,178
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		0		(31,455,178)
Fair Value		0		0		31,455,178
Interest/Dividend/ Other income		$ 0		$ 17,031
Investment interest rate		3.50%		3.50%
Pace Industries, Inc. | Controlled Affiliated Investments | Term Loan - 9.75%
Fair Value		$ 51,664,313		$ 62,986,086		57,579,326
Gross Addition		2,294,114	[5]	8,245,605	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(13,615,887)		(2,838,845)
Fair Value		51,664,313		62,986,086		57,579,326
Interest/Dividend/ Other income		$ 1,681,196		$ 8,439,162
Investment interest rate		9.75%		9.75%
Pace Industries, LLC | Controlled Affiliated Investments | Revolver Opco
Fair Value				$ 15,069,743		8,616,757
Gross Addition	[2]			7,130,100
Gross Reduction	[4]			0
Realized Gains (Losses)				0
Net Change in Unrealized Appreciation/ (Depreciation)				(677,114)
Fair Value				15,069,743		8,616,757
Interest/Dividend/ Other income				1,831,440
Pace Industries, LLC | Controlled Affiliated Investments | Revolver Opco - 9.75%
Fair Value		$ 13,325,754		15,069,743
Gross Addition	[5]	1,786,486
Gross Reduction	[6]	0
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		(3,530,475)
Fair Value		13,325,754		15,069,743
Interest/Dividend/ Other income		$ 123,234
Investment interest rate		9.75%
Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company) | Controlled Affiliated Investments | Class A Units
Fair Value		$ 32,762,000		0
Gross Addition	[5]	62,647,925
Gross Reduction	[6]	0
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		(29,885,925)
Fair Value		32,762,000		0
Interest/Dividend/ Other income		0
RT Holdings Parent, LLC | Controlled Affiliated Investments | Class A Units
Fair Value		15,928,802		19,487,032		19,103,720
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(3,558,230)		383,312
Fair Value		15,928,802		19,487,032		19,103,720
Interest/Dividend/ Other income		0		0
RT Holdings Parent, LLC | Controlled Affiliated Investments | P-1 Units
Fair Value		306,996		376,000
Gross Addition	[5]	0
Gross Reduction	[6]	0
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		(69,004)
Fair Value		306,996		376,000
Interest/Dividend/ Other income		0
RT Holdings Parent, LLC | Controlled Affiliated Investments | P-2 Units
Fair Value		76,002		110,000
Gross Addition	[5]	0
Gross Reduction	[6]	0
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		(33,998)
Fair Value		76,002		110,000
Interest/Dividend/ Other income		0
RT Holdings Parent, LLC | Controlled Affiliated Investments | Warrant
Fair Value		2,654,981		3,247,928		3,184,225
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(592,947)		63,703
Fair Value		2,654,981		3,247,928		3,184,225
Interest/Dividend/ Other income		0		0
Ruby Tuesday Operations LLC | Controlled Affiliated Investments | P-1 Units
Fair Value				376,000		368,005
Gross Addition	[2]			0
Gross Reduction	[4]			0
Realized Gains (Losses)				0
Net Change in Unrealized Appreciation/ (Depreciation)				7,995
Fair Value				376,000		368,005
Interest/Dividend/ Other income				0
Ruby Tuesday Operations LLC | Controlled Affiliated Investments | P-2 Units
Fair Value				110,000		106,999
Gross Addition	[2]			0
Gross Reduction	[4]			0
Realized Gains (Losses)				0
Net Change in Unrealized Appreciation/ (Depreciation)				3,001
Fair Value				110,000		106,999
Interest/Dividend/ Other income				0
Ruby Tuesday Operations LLC | Controlled Affiliated Investments | Revolver - 2.78%
Fair Value				0		0
Gross Addition	[2]			0
Gross Reduction	[4]			0
Realized Gains (Losses)				0
Net Change in Unrealized Appreciation/ (Depreciation)				0
Fair Value				0		0
Interest/Dividend/ Other income				$ 62,186
Investment interest rate				2.78%
Ruby Tuesday Operations LLC | Controlled Affiliated Investments | Term Loan
Fair Value				$ 6,696,255		6,715,899
Gross Addition	[2]			999,628
Gross Reduction	[4]			(1,019,272)
Realized Gains (Losses)				0
Net Change in Unrealized Appreciation/ (Depreciation)				0
Fair Value				6,696,255		6,715,899
Interest/Dividend/ Other income				1,327,622
Ruby Tuesday Operations LLC | Controlled Affiliated Investments | Incremental Term Loan
Fair Value				2,940,257		0
Gross Addition	[2]			1,750,882
Gross Reduction	[4]			0
Realized Gains (Losses)				0
Net Change in Unrealized Appreciation/ (Depreciation)				1,189,375
Fair Value				2,940,257		0
Interest/Dividend/ Other income				318,000
Ruby Tuesday Operations LLC | Controlled Affiliated Investments | Incremental Term Loan - 17.25%
Fair Value		2,928,009		2,940,257
Gross Addition	[5]	306,185
Gross Reduction	[6]	0
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		(318,433)
Fair Value		2,928,009		2,940,257
Interest/Dividend/ Other income		$ 312,613
Investment interest rate		17.25%
Ruby Tuesday Operations LLC | Controlled Affiliated Investments | Term Loan - 13.25%
Fair Value		$ 9,248,968		6,696,255
Gross Addition	[5]	2,663,752
Gross Reduction	[6]	(193,406)
Realized Gains (Losses)		0
Net Change in Unrealized Appreciation/ (Depreciation)		82,367
Fair Value		9,248,968		$ 6,696,255
Interest/Dividend/ Other income		$ 1,005,599
Investment interest rate		13.25%
School Specialty, Inc. | Controlled Affiliated Investments | Term Loan - 9.25%
Investment interest rate				9.25%
SSI Parent, LLC (fka School Specialty, Inc.) | Controlled Affiliated Investments | Class A Preferred Stock
Fair Value		$ 18,060,307		$ 15,399,637		13,061,335
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		2,660,670		2,338,302
Fair Value		18,060,307		15,399,637		13,061,335
Interest/Dividend/ Other income		0		0
SSI Parent, LLC (fka School Specialty, Inc.) | Controlled Affiliated Investments | Class B Preferred Stock
Fair Value		5,284,268		4,888,847		4,529,373
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		395,421		359,474
Fair Value		5,284,268		4,888,847		4,529,373
Interest/Dividend/ Other income		0		0
SSI Parent, LLC (fka School Specialty, Inc.) | Controlled Affiliated Investments | Common Stock
Fair Value		18,498,054		31,928,148		27,419,241
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(13,430,094)		4,508,907
Fair Value		18,498,054		31,928,148		27,419,241
Interest/Dividend/ Other income		795,969		6,196,400
SSI Parent, LLC (fka School Specialty, Inc.) | Controlled Affiliated Investments | Term Loan - 9.25%
Fair Value		8,251,530		8,808,264		35,383,037
Gross Addition		6,350	[5]	0	[2]
Gross Reduction		(553,633)	[6]	(26,467,962)	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(9,451)		(106,811)
Fair Value		8,251,530		8,808,264		35,383,037
Interest/Dividend/ Other income		$ 895,667		2,351,953
Investment interest rate		9.25%
TCW Direct Lending Strategic Ventures | Controlled Affiliated Investments | Common Membership Interests
Fair Value		$ 0		0		0
Gross Addition		0	[5]	0	[2]
Gross Reduction		0	[6]	0	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		0		0
Fair Value		0		0		0
Interest/Dividend/ Other income		0		0
TCW Direct Lending Strategic Ventures | Controlled Affiliated Investments | Preferred Membership Interests
Fair Value		55,937,883		69,780,704		84,141,713
Gross Addition		0	[5]	0	[2]
Gross Reduction		(1,880,000)	[6]	(18,000,000)	[4]
Realized Gains (Losses)		0		0
Net Change in Unrealized Appreciation/ (Depreciation)		(11,962,821)		3,638,991
Fair Value		55,937,883		69,780,704		$ 84,141,713
Interest/Dividend/ Other income		$ 4,000,000		$ 2,400,000
[1] Gross additions include new purchases, payment-in-kind (“PIK”) income and amortization of original issue and market discounts. Gross additions include new purchases, PIK income and amortization of original issue and market discounts Gross reductions include decreases in the cost basis from sales, paydown and the amortization of premium. Gross reductions include decreases in the cost basis from sales, paydown and the amortization of premium Gross additions include new purchases, PIK income and amortization of original issue and market discounts. Gross reductions include decreases in the cost basis from sales, paydown and the amortization of premium.

Consolidated Schedule of Inve_3

Consolidated Schedule of Investments (Parenthetical 2) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Aggregate dispositions of investments	$ 9,180,000
Other Than Government Securities
Aggregate acquisitions of investments	32,192,934	$ 27,282,868
Aggregate dispositions of investments	$ 9,179,841	$ 81,882,519
United States
Percentage of portfolio breakdown on investment	100%	100%

Consolidated Statements of Asse

Consolidated Statements of Assets and Liabilities - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Investments, at fair value
Cash and cash equivalents		$ 2,810,000	$ 2,372,000
Short-term investments		418,769,000	491,966,000
Interest income receivable		1,043,000	2,466,000
Deferred financing costs		324,000	122,000
Prepaid and other assets		45,000	34,000
Total Assets		792,022,000	939,154,000
Liabilities
Payable for short-term investments purchased		418,769,000	491,966,000
Credit facility payable		86,450,000	77,050,000
Unrealized depreciation on unfunded commitments		682,000	2,399,000
Interest and credit facility expense payable		588,000	571,000
Directors' fees payable		203,000	0
Other accrued expenses and other liabilities		401,000	429,000
Total Liabilities		507,093,000	572,415,000
Members’ Capital
Common Unitholders' commitment: (18,034,649 units issued and outstanding)		1,803,465,000	1,803,465,000
Common Unitholders' undrawn commitment: (18,034,649 units issued and outstanding)		(199,120,000)	(199,120,000)
Common Unitholders' return of capital		(1,115,045,000)	(1,115,045,000)
Common Unitholders' offering costs		(853,000)	(853,000)
Accumulated Common Unitholders' tax reclassification		(13,904,000)	(13,904,000)
Common Unitholders’ capital		474,543,000	474,543,000
Accumulated overdistributed earnings		(189,614,000)	(107,804,000)
Total Members’ Capital		284,929,000	366,739,000
Total Liabilities and Members’ Capital		$ 792,022,000	$ 939,154,000
Net Asset Value Per Unit (accrual base) (Note 11)	[1]	$ 26.84	$ 31.38
Non-controlled/non-affiliated investments
Investments, at fair value
Fair Value		$ 43,389,000	$ 142,401,000
Non-Controlled Affiliated Investments
Investments, at fair value
Fair Value		9,684,554	19,054,378
Controlled Affiliated Investments
Investments, at fair value
Fair Value		$ 315,956,539	$ 280,738,801
[1] Net Asset Value Per Unit (accrual base) equates to the aggregate of the Total Members' Capital and Common Unitholders' undrawn commitment divided by total Common units outstanding.

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Common unitholder's commitment units outstanding	18,034,649
Common Commitment
Common unitholder's commitment units issued	18,034,649	18,034,649
Common unitholder's commitment units outstanding	18,034,649	18,034,649
Common Undrawn Commitment
Common unitholder's commitment units issued	18,034,649	18,034,649
Common unitholder's commitment units outstanding	18,034,649	18,034,649
Non-controlled/non-affiliated investments
Amortized Cost	$ 50,441	$ 148,612
Non-Controlled Affiliated Investments
Amortized Cost	32,757	30,231
Controlled Affiliated Investments
Amortized Cost	$ 401,613	$ 287,948

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income paid-in-kind			$ 14,061	$ 11,350
Total investment income	$ 4,723	$ 12,137	26,323	41,018
Interest and credit facility expenses	1,968	1,835	5,432	6,252
Interest expense on repurchase transactions	1,617	1,341	5,051	4,219
Management fees	911	0	2,673	0
Professional fees	188	141	520	523
Administrative fees	118	136	371	415
Directors’ fees	87	87	244	243
Other expenses	28	32	101	133
Total expenses	4,917	3,572	14,392	11,785
Expenses waived by the Adviser	(911)		(2,673)
Net expenses	4,006	3,572	11,719	11,785
Net investment income	717	8,565	14,604	29,233
Net realized gain on short-term investments	1,490	1,006	4,553	2,668
Net realized and unrealized loss on investments	(45,067)	(1,707)	(89,914)	(9,397)
Net (decrease) increase in Members' Capital from operations	$ (44,350)	$ 6,858	$ (75,310)	$ 19,836
(Loss) income per unit, basic	$ (2.46)	$ 0.38	$ (4.18)	$ 1.1
(Loss) income per unit, diluted	$ (2.46)	$ 0.38	$ (4.18)	$ 1.1
Units outstanding, basic	18,034,649	18,034,649	18,034,649	18,034,649
Units outstanding, diluted	18,034,649	18,034,649	18,034,649	18,034,649
Non-controlled/non-affiliated investments
Interest income	$ 1,430	$ 6,139	$ 5,172	$ 18,003
Interest income paid-in-kind	2,157	30	9,512	99
Other fee income	0	6	13	18
Net realized loss	(5,000)		(5,000)
Net change in unrealized appreciation/(depreciation)	6,370	(354)	875	7,258
Non-Controlled Affiliated Investments
Interest income	8	4	(42)	4
Interest income paid-in-kind	94	958	123	2,690
Other fee income	0	72	7	261
Net realized loss	0	0	0	(2,044)
Net change in unrealized appreciation/(depreciation)	(6,637)	(3,360)	(11,895)	(8,556)
Controlled affiliated investments
Interest income	770	1,004	2,256	4,286
Interest income paid-in-kind	264	3,095	4,426	8,561
Dividend income	0	800	4,796	6,996
Other fee income	0	29	60	100
Net change in unrealized appreciation/(depreciation)	$ (41,290)	$ 1,001	$ (78,447)	$ (8,723)

Consolidated Statements of Chan

Consolidated Statements of Changes in Members' Capital - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Members’ Capital Beginning Balance	$ 329,279	$ 362,752	$ 366,739	$ 392,193	$ 389,426	$ 389,304	$ 366,739	$ 389,304
Net Increase (Decrease) in Members' Capital Resulting from Operations:
Net investment income	717	5,001	8,886	8,565	13,223	7,445	14,604	29,233
Net realized gain (loss) on investments	(3,510)	1,456	1,607	1,006	(1,336)	954
Net change in unrealized appreciation/(depreciation) on investments	(41,557)	(35,930)	(11,980)	(2,713)	4,880	(12,188)
Distributions to Members from:
Distributable earnings		(4,000)	(2,500)		(10,000)
Return of capital					(4,000)
Total (Decrease) Increase in Members' Capital for the period end	(44,350)	(33,473)	(3,987)	6,858	2,767	(3,789)
Members’ Capital Ending Balance	284,929	329,279	362,752	399,051	392,193	389,426	284,929	399,051
Common Unitholders' Capital
Members’ Capital Beginning Balance	474,543	474,543	474,543	473,458	477,458	490,088	474,543	490,088
Net Increase (Decrease) in Members' Capital Resulting from Operations:
Net investment income	0	0	0	0	0	0
Net realized gain (loss) on investments	0	0	0	0	0	0
Net change in unrealized appreciation/(depreciation) on investments	0	0	0	0	0	0
Distributions to Members from:
Distributable earnings		0	0		0
Return of capital					(4,000)
Total (Decrease) Increase in Members' Capital for the period end	0	0	0	0	(4,000)	0
Members’ Capital Ending Balance	474,543	474,543	474,543	473,458	473,458	477,458	474,543	473,458
Accumulated Undistributed (Overdistributed) Earnings
Members’ Capital Beginning Balance	(145,264)	(111,791)	(107,804)	(81,265)	(88,032)	(100,784)	(107,804)	(100,784)
Net Increase (Decrease) in Members' Capital Resulting from Operations:
Net investment income	717	5,001	8,886	8,565	13,223	7,445
Net realized gain (loss) on investments	(3,510)	1,456	1,607	1,006	(1,336)	954
Net change in unrealized appreciation/(depreciation) on investments	(41,557)	(35,930)	(11,980)	(2,713)	4,880	(12,188)
Distributions to Members from:
Distributable earnings		(4,000)	(2,500)		(10,000)
Return of capital					0
Total (Decrease) Increase in Members' Capital for the period end	(44,350)	(33,473)	(3,987)	6,858	6,767	(3,789)
Members’ Capital Ending Balance	$ (189,614)	$ (145,264)	$ (111,791)	$ (74,407)	$ (81,265)	$ (88,032)	$ (189,614)	$ (74,407)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cash Flows from Operating Activities
Net (decrease) increase in net assets resulting from operations			$ (75,310)	$ 19,836
Adjustments to reconcile the net (decrease) increase in net assets resulting from operations to net cash provided by operating activities:
Purchases of investments			(18,132)	(5,637)
Purchases of short-term investments			(418,769)	(491,745)
Interest income paid in-kind			(14,061)	(11,350)
Proceeds from sales and paydowns of investments			9,180	46,352
Proceeds from sales of short-term investments (net of $4,553 and $2,668 realized gain on short term investments, respectively)			491,966	501,075
Net realized loss on investments			5,000	2,044
Change in net unrealized (appreciation)/depreciation on investments			89,467	10,021
Amortization of premium and accretion of discount, net			(6)	(181)
Amortization of deferred financing costs	$ 191	$ 116	455	426
Increase (decrease) in operating assets and liabilities:
(Increase) decrease in interest income receivable			1,423	(426)
(Increase) decrease in prepaid and other assets			(11)	1
Increase (decrease) in payable for short-term investments purchased			(73,197)	(9,330)
Increase (decrease) in management fees payable			0	(999)
Increase (decrease) in interest and credit facility expense payable			17	(120)
Increase (decrease) in directors' fees payable			203	203
Increase (decrease) in other accrued expenses and liabilities			(28)	(4)
Net cash (used in) provided by operating activities			(1,803)	60,166
Cash Flows from Financing Activities
Return of capital			0	(4,000)
Distributions to Members			(6,500)	(10,000)
Deferred financing costs paid			(659)	(543)
Proceeds from credit facility			12,900	2,000
Repayments of credit facility			(3,500)	(46,200)
Net cash provided by (used in) financing activities			2,241	(58,743)
Net increase in cash and cash equivalents			438	1,423
Cash and cash equivalents, beginning of period			2,372	4,223	$ 4,223
Cash and cash equivalents, end of period	$ 2,810	$ 5,646	2,810	5,646	$ 2,372
Supplemental and non-cash financing activities
Interest expense paid			4,700	5,748
Non-cash purchases of investments due to reorganization			(102,632)	0
Non-cash sales of investments due to reorganization			$ 102,632	$ 0

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Cash Flows [Abstract]
Net realized gain on short-term investments	$ 1,490	$ 1,006	$ 4,553	$ 2,668

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (44,350)	$ 6,858	$ (75,310)	$ 19,836

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation Organization : TCW Direct Lending LLC (“Company”) was formed as a Delaware corporation on March 20, 2014 and converted to a Delaware limited liability company on April 1, 2014. The Company conducted a private offering of its limited liability company units (the “Common Units”) to investors in reliance on exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). In addition, the Company may issue preferred units, though it currently has no intention to do so. The Company has engaged TCW Asset Management Company LLC (“TAMCO”), an affiliate of The TCW Group, Inc. (“TCW”) to be its adviser (the “Adviser”). On May 13, 2014 (“Inception Date”), the Company sold and issued 10 Common Units at an aggregate purchase price of $ 1 to TAMCO. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company has also elected to be treated for U.S. federal income tax purposes as a Regulated Investment Company (a “RIC”) under Subchapter M of the U.S Internal Revenue Code of 1986, as amended (the “Code”) for the taxable year ending December 31, 2015 and subsequent years. The Company is required to meet the minimum distribution and other requirements for RIC qualification and as a BDC and a RIC, the Company is required to comply with certain regulatory requirements. As of September 30, 2024 , the Company has two wholly-owned subsidiaries, each of which is a Delaware limited liability company designed to hold an equity investment of the Company. The consolidated financial statements in this quarterly report on Form 10-Q include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. Term: The initial term of the Company continued until the sixth anniversary of the Initial Closing Date (as defined below), September 19, 2020. The Company may extend the term for two additional one-year periods upon written notice to the holders of the Common Units and holders of preferred units, if any, (collectively the “Unitholders” or “Members”) at least 90 days prior to the expiration of the term or the end of the first one-year period. Thereafter, the term may be extended for successive one-year periods, with the vote or consent of a supermajority in interest of the holders of the Common Units. On April 30, 2021, the Company’s Board of Directors (the “Board”) approved the second one year extension of the Company’s term from September 19, 2021 to September 19, 2022. On July 11, 2022 the term of the Company was extended for a one-year period from September 19, 2022 to September 19, 2023 via a supermajority vote of the Unitholders. On May 11, 2023 the term of the Company was extended for an additional one-year period from September 19, 2023 to September 19, 2024 via a supermajority vote of the Unitholders. On July 11, 2024, the Company's term was extended for an additional one-year period from September 19, 2024 to September 19, 2025 via a supermajority vote of the Unitholders. Commitment Period: The Commitment Period commenced on September 19, 2014 (the “Initial Closing Date”) and ended on September 19, 2017, the third anniversary of the Initial Closing Date. In accordance with the Company’s Limited Liability Company Agreement, the Company may complete investment transactions that were significantly in process as of the end of the Commitment Period and which the Company reasonably expects to be consummated prior to 90 days after the expiration date of the Commitment Period. The Company may also effect follow-on investments up to an aggregate maximum of 10 % of Capital Commitments (as defined below), provided that any such follow-on investment to be made after the third anniversary of the expiration of the Commitment Period shall require the prior consent of a majority in interest of the Common Unitholders. In October 2022, the Company’s Members approved a proposal to allow the Company to make pre-identified follow-on investments in specific portfolio companies as well as their holding companies, subsidiaries, successors or other affiliates, up to an aggregate maximum of 10 % of Capital Commitments. Such approval is valid throughout the remaining Company term. In September 2024, the Company's Members approved a proposal to allow the Company to make follow-on investments in existing portfolio companies up to an aggregate amount not to exceed $ 226,300 (i.e, 11.24 % of the original Capital Commitments); provided, however, that any such follow-on investments to be made after the third anniversary of the expiration of the Commitment Period shall require the prior consent of a majority in interest of the Common Unitholders. 1. Organization and Basis of Presentation (Continued) Capital Commitments: On September 19, 2014 (“the Initial Closing Date”), the Company began accepting subscription agreements from investors for the private sale of its Common Units. On March 19, 2015, the Company completed its final private placement of its Common Units. Subscription agreements with commitments (“Commitments”) from investors (each a “Common Unitholder”) totaling $ 2,013,470 for the purchase of Common Units were accepted. Each Common Unitholder is obligated to contribute capital equal to their Commitment and each Unit’s Commitment obligation is $ 100.00 per unit. The amount of capital that remains to be drawn down and contributed is referred to as an “Undrawn Commitment”. On July 11, 2022 the Company’s Members approved a reduction in Undrawn Commitments by $ 10.43 per unit, resulting in an approximately 41.18 % reduction of overall remaining available capital commitments. The Company effected this commitment reduction by reducing the number of outstanding undrawn units and thereby reducing total Units from 20,134,698 to 18,034,649 . Such Unit reduction was proportionately affected for each Member and therefore has no impact on each Member’s percentage in interest in the Company. The commitment amount funded does not include amounts contributed in anticipation of a potential investment that the Company did not consummate and therefore returned to the Members’ as unused capital. As of September 30, 2024, aggregate Commitments, Undrawn Commitments, the percentage of Commitments funded and the number of subscribed for Units of the Company were as follows: Commitments Undrawn % of Units Common Unitholder $ 1,803,465 $ 199,120 89.0 % 18,034,649 Recallable Amount: A Common Unitholder may be required to re-contribute amounts distributed equal to 75 % of the principal amount or the cost portion of any Portfolio Investment that is fully repaid to or otherwise fully recouped by the Company within one year of the Company’s investment. The Recallable Amount is excluded from the calculation of the accrual based net asset value. The Recallable Amount as of September 30, 2024 was $ 100,875 .

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation: The unaudited consolidated financial statements of the Company were prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 6 and Article 10 of Regulation S-X. The Company is an investment company following accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies (“ASC 946”). The Company has consolidated the results of its wholly owned subsidiary in its consolidated financial statements in accordance with ASC 946. The unaudited consolidated financial statements reflect all adjustments, both normal and recurring which, in the opinion of management, are necessary for the fair presentation of the Company’s results of operations and financial condition for the periods presented. The unaudited consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto appearing in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission ("SEC") on March 28, 2024. Use of Estimates: The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities at the date of the financial statements, (ii) the reported amounts of income and expenses during the years presented and (iii) disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates, and such differences could be material. Investments : The Company measures the value of its investments in accordance with ASC Topic 820, Fair Value Measurements and Disclosure (“ASC 820”). Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. 2. Significant Accounting Policies (Continued) Transactions : The Company records investment transactions on the trade date. The Company considers trade date for investments not traded on a recognizable exchange, or traded in the over-the-counter markets, to be the date on which the Company receives legal or contractual title to the asset and bears the risk of loss. Income Recognition : Interest income and interest income paid-in-kind are recorded on an accrual basis unless doubtful of collection or the related investment is in default. Realized gains and losses on investments are recorded on a specific identification basis. The Company typically receives a fee in the form of a discount to the purchase price at the time it funds an investment in a loan. The discount is accreted to interest income over the life of the respective loan, using the effective-interest method assuming there are no questions as to collectability, and reflected in the amortized cost basis of the investment. Ongoing facility, commitment or other additional fees including prepayment fees, consent fees and forbearance fees are recognized as interest income in the period in which the fees were earned. Income received in exchange for the provision of services such as administration and managerial services is recognized as other fee income in the period in which it was earned. The Company has entered into certain intercreditor agreements that entitle the Company to the “last out” tranche of first lien secured loans, whereby the “first out” tranche will receive priority as to the “last out” tranche with respect to payments of principal, interest, and any other amounts due thereunder. In certain cases, the Company may receive a higher interest rate than the contractual stated interest rate as disclosed on the Company’s Consolidated Schedule of Investments. Certain investments have an unfunded loan commitment for a delayed draw term loan or revolving credit. The Company earns an unused commitment fee on the unfunded commitment during the commitment period. The expiration date of the commitment period may be earlier than the maturity date of the investment stated above. See Note 5—Commitments and Contingencies. Loans are generally placed on non-accrual status when principal or interest payments are past due 30 days or more or when there is reasonable doubt that principal or interest will be collected in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current. The Company may make exceptions to this policy if the loan has sufficient collateral value and is in the process of collection. Deferred Financing Costs: Deferred financing costs incurred by the Company in connection with the revolving credit facility, including arrangement fees, upfront fees and legal fees, are amortized on a straight-line basis over the term of the revolving credit facility. Organization and Offering Costs: The Company did not bear more than an amount equal to 10 basis points of the aggregate capital commitments of the Company for organization and offering expenses. Cash and Cash Equivalents: The Company generally considers investments with a maturity of three months or less at the time of acquisition to be cash equivalents. As of September 30, 2024 , cash and cash equivalents is comprised of demand deposits and highly liquid investments with maturities of three months or less. Cash equivalents are valued at the net asset value of the mutual fund which approximates fair value and are classified as Level 1 in the GAAP valuation hierarchy. Short-term investments: The Company considers all investments with original maturities beyond three months at the date of purchase and one year or less from the balance sheet date to be short-term investments. As of September 30, 2024 , short-term investments is comprised of U.S. Treasury bills, all of which are carried at fair value and are classified as Level 1 in the GAAP valuation hierarchy. Income Taxes: So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. Federal income taxes on any ordinary income or capital gains that it distributes at least annually to its Members as dividends. Rather, any tax liability related to income earned and distributed by the Company represents obligations of the Company’s Members and will not be reflected in the consolidated financial statements of the Company. 2. Significant Accounting Policies (Continued) Recent Accounting Pronouncements: In June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”). ASU 2022-03 (1) clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to a contractual sale restriction and (2) requires specific disclosures related to such an equity security. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023 and interim periods within that fiscal year, with early adoption permitted. On January 1, 2024 , the Company adopted ASU 2022-03 and the adoption did not have a material impact on the consolidated financial statements.

N-2

N-2 - $ / shares	9 Months Ended
	Sep. 30, 2024		Dec. 31, 2023	[1]	Sep. 30, 2023	Dec. 31, 2022
Cover [Abstract]
Entity Central Index Key	0001603480
Amendment Flag	false
Securities Act File Number	814-01069
Document Type	10-Q
Entity Registrant Name	TCW DIRECT LENDING LLC
Entity Address, Address Line One	200 Clarendon Street
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02116
City Area Code	617
Local Phone Number	936-2275
Entity Emerging Growth Company	false
General Description of Registrant [Abstract]
Risk Factors [Table Text Block]	Item 1A. Risk Factors There have been no material changes from the risk factors previously disclosed in our Annual Report on Form 10-K.
NAV Per Share	$ 26.84	[1]	$ 31.38		$ 33.17	$ 32.84
[1] Net Asset Value Per Unit (accrual base) equates to the aggregate of the Total Members' Capital and Common Unitholders' undrawn commitment divided by total Common units outstanding.

Investment Valuations and Fair

Investment Valuations and Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Investment Valuations And Fair Value Measurements [Abstract]
Investment Valuations and Fair Value Measurements	3. Investment Valuations and Fair Value Measurements Investments at Fair Value: Investments held by the Company are valued at fair value. Fair value is generally determined on the basis of last reported sales prices or official closing prices on the primary exchange in which each security trades, or if no sales are reported, generally based on the midpoint of the valuation range obtained for debt investments from a quotation reporting system, established market makers or pricing service. Investments for which market quotes are not readily available or are not considered reliable are valued at fair value according to procedures approved by the Board based on similar instruments, internal assumptions and the weighting of the best available pricing inputs. Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated the Adviser as the "valuation designee" with respect to the fair valuation of the Company's portfolio securities, subject to oversight by and periodic reporting to the Board. Fair Value Hierarchy: The level in the GAAP valuation hierarchy in which an investment falls is based on the lowest level input that is significant to the valuation of the investment in its entirety. Investments are classified by GAAP into the three broad levels as follows:: Level 1 values are based on unadjusted quoted market prices in active markets for identical assets. Level 2 values are based on significant observable market inputs, such as quoted prices for similar assets and quoted prices in inactive markets or other market observable inputs. Level 3 values are based on significant unobservable inputs that reflect the Company’s determination of assumptions that market participants might reasonably use in valuing the assets. Categorization within the hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The valuation levels are not necessarily an indication of the risk associated with investing in those securities. Level 1 Assets (Investments): The valuation techniques and significant inputs used to determine fair value are as follows: Equity, (Level 1), includes common stock valued at the closing price on the primary exchange in which the security trades. Level 3 Assets (Investments): The following valuation techniques and significant inputs are used to determine the fair value of investments in private debt and equity for which reliable market quotations are not available. Some of the inputs are independently observable however, a significant portion of the inputs and the internal assumptions applied are unobservable. Debt, (Level 3) , include investments in privately originated senior secured debt. Such securities are valued based on specific pricing models, internal assumptions and the weighting of the best available pricing inputs. An income method approach incorporating a weighted average cost of capital and discount rate or a market method approach using prices and other relevant information generated by market transactions involving identical or comparable assets are generally used to determine fair value, though some cases use an enterprise value waterfall method. Valuation may also include a shadow rating method. Standard pricing inputs include but are not limited to the financial health of the issuer, place in the capital structure, value of other issuer debt, credit, industry, and market risk and events. 3. Investment Valuations and Fair Value Measurements (Continued) Equity , (Level 3), includes common stock, preferred stock and warrants. Such securities are valued based on specific pricing models, internal assumptions and the weighting of the best available pricing inputs. A market approach is generally used to determine fair value. Pricing inputs include, but are not limited to, financial health and relevant business developments of the issuer; EBITDA; market multiples of comparable companies; comparable market transactions and recent trades or transactions; issuer, industry and market events; and contractual or legal restrictions on the sale of the security. When a Black-Scholes pricing model is used it follows the income approach. The pricing model takes into account the contract terms as well as multiple inputs, including: time value, implied volatility, equity prices and interest rates. A liquidity discount based on current market expectations, future events, minority ownership position and the period management reasonably expects to hold the investment may be applied. Pricing inputs and weightings applied to determine value require subjective determination. Accordingly, valuations do not necessarily represent the amounts that may eventually be realized from sales or other dispositions of investments. Net Asset Value (“NAV”) (Investment Funds and Vehicles) : Equity investments in an affiliated investment fund (Strategic Ventures) are valued based on the NAV reported by the investment fund. Investments held by the affiliated fund include debt investments in privately originated senior secured debt. Such investments held by the affiliated fund are valued using the same methods, approach and standards applied above to debt investments held by the Company. The Company’s ability to withdraw from the fund is subject to restrictions. The term of the fund will continue until June 5, 2021 unless dissolved earlier or extended for two additional one-year periods by the Company, in its full discretion. The Company can further extend the term of the fund for additional one-year periods upon notice to and consent from the fund’s management committee. On February 25, 2021, Company extended the fund’s term one additional year, until June 5, 2022. On February 1, 2022, the Company further extended the fund's term one additional year, until June 5, 2023. On April 17, 2023, the Company further extended the fund's term one additional year, until June 5, 2024. On May 1, 2024, the Company further extended the fund's term one additional year, until June 5, 2025. The Company is entitled to income and principal distributed by the fund. As of September 30, 2024, the timing of the liquidation of the fund is not known. The following is a summary by major security type of the fair valuations according to inputs used in valuing investments listed in the Consolidated Schedule of Investments as of September 30, 2024: Investments Level 1 Level 2 Level 3 NAV Total Debt $ — $ — $ 203,892 $ — $ 203,892 Equity 309 — 108,892 — 109,201 Investment funds & vehicles (1) — — — 55,938 55,938 Short- term investments 418,769 — — — 418,769 Cash equivalents 2,810 — — — 2,810 Total $ 421,888 $ — $ 312,784 $ 55,938 $ 790,610 (1) Includes equity investments in Strategic Ventures. In accordance with ASC Topic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities. 3. Investment Valuations and Fair Value Measurements (Continued) The following is a summary by major security type of the fair valuations according to inputs used in valuing investments listed in the Consolidated Schedule of Investments as of December 31, 2023: Investments Level 1 Level 2 Level 3 NAV Total Debt $ — $ — $ 276,377 $ — $ 276,377 Equity 618 — 95,419 — 96,037 Investment funds & vehicles (1) — — — 69,781 69,781 Short- term investments 491,966 — — — 491,966 Cash equivalents 2,372 — — — 2,372 Total $ 494,956 $ — $ 371,796 $ 69,781 $ 936,533 (1) Includes equity investments in Strategic Ventures. In accordance with ASC Topic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities. The following tables provide a reconciliation of the beginning and ending balances for total investments that use Level 3 inputs for the three and nine months ended September 30, 2024: Debt Equity Total Balance, July 1, 2024 $ 262,196 $ 83,984 $ 346,180 Purchases, including payments received in-kind 48,792 62,647 111,439 Sales and paydowns of investments ( 102,840 ) — ( 102,840 ) Amortization of premium and accretion of discount, net 33 — 33 Net realized losses ( 5,000 ) — ( 5,000 ) Net change in unrealized appreciation/(depreciation) 711 ( 37,739 ) ( 37,028 ) Balance, September 30, 2024 $ 203,892 $ 108,892 $ 312,784 Change in net unrealized appreciation/(depreciation) in investments held as of September 30, 2024 759 ( 37,739 ) ( 36,980 ) Debt Equity Total Balance, January 1, 2024 $ 276,377 $ 95,419 $ 371,796 Purchases, including payments received in-kind 65,696 62,647 128,343 Sales and paydowns of investments ( 103,450 ) — ( 103,450 ) Amortization of premium and accretion of discount, net 6 — 6 Net realized losses ( 5,000 ) — ( 5,000 ) Net change in unrealized appreciation/(depreciation) ( 29,737 ) ( 49,174 ) ( 78,911 ) Balance, September 30, 2024 $ 203,892 $ 108,892 $ 312,784 Change in net unrealized appreciation/(depreciation) in investments held as of September 30, 2024 $ ( 29,689 ) $ ( 49,174 ) $ ( 78,863 ) 3. Investment Valuations and Fair Value Measurements (Continued) The following tables provide a reconciliation of the beginning and ending balances for total investments that use Level 3 inputs for the three and nine months ended September 30, 2023: Debt Equity Total Balance, July 1, 2023 $ 323,608 $ 80,185 $ 403,793 Purchases, including payments received in-kind 4,075 — 4,075 Sales and paydowns of investments ( 680 ) — ( 680 ) Amortization of premium and accretion of discount, net 33 — 33 Net change in unrealized appreciation/(depreciation) ( 9,164 ) 6,638 ( 2,526 ) Balance, September 30, 2023 $ 317,872 $ 86,823 $ 404,695 Change in net unrealized appreciation/(depreciation) in investments held as of September 30, 2023 $ ( 9,164 ) $ 6,637 $ ( 2,527 ) Debt Equity Total Balance, January 1, 2023 $ 349,861 $ 79,526 $ 429,387 Purchases, including payments received in-kind 16,987 — 16,987 Sales and paydowns of investments ( 28,352 ) — ( 28,352 ) Amortization of premium and accretion of discount, net 181 — 181 Net realized losses ( 1,928 ) ( 116 ) ( 2,044 ) Net change in unrealized appreciation/(depreciation) ( 18,877 ) 7,413 ( 11,464 ) Balance, September 30, 2023 $ 317,872 $ 86,823 $ 404,695 Change in net unrealized appreciation/(depreciation) in investments held as of September 30, 2023 $ ( 18,200 ) $ 7,297 $ ( 10,903 ) The Company did no t have any transfers between levels during the three and nine months ended September 30, 2024 and 2023. Level 3 Valuation and Quantitative Information: The following table summarizes the valuation techniques and quantitative information utilized in determining the fair value of the Level 3 investments as of September 30, 2024. Investment Type Fair Value Valuation Unobservable Range Weighted Impact to Debt $ 43,080 Income Method Discount Rate 13.2 to 16.3 % 14.7 % Decrease Debt $ 27,900 Market Method EBITDA Multiple 5.3 x to 7.0 x 6.3 x Increase Debt $ 132,912 Market Method Revenue Multiple 0.1 x to 1.3 x 0.7 x Increase Equity $ 57,164 Market Method EBITDA Multiple 5.3 x to 7.0 x 6.0 x Increase Equity $ 51,728 Market Method Revenue Multiple 0.1 x to 1.3 x 0.8 x Increase * Weighted based on fair value The following table summarizes the valuation techniques and quantitative information utilized in determining the fair value of the Level 3 investments as of December 31, 2023. Investment Type Fair Value Valuation Unobservable Range Weighted Impact to Debt $ 43,506 Income Method Discount Rate 13.6 % to 16.5 % 15.1 % Decrease Debt $ 126,124 Market Method EBITDA Multiple 5.8 x to 9.5 x N/A Increase Debt $ 106,747 Market Method Revenue Multiple 0.1 x to 0.7 x N/A Increase Equity $ 72,198 Market Method EBITDA Multiple 5.8 x to 8.5 x N/A Increase Equity $ 23,221 Market Method Revenue Multiple 0.1 x to 0.7 x N/A Increase * Weighted based on fair value 3. Investment Valuations and Fair Value Measurements (Continued) Unless noted, the Company generally utilizes the midpoint of a valuation range provided by an external, independent valuation firm.

Agreements and Related Party Tr

Agreements and Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Agreements and Related Party Transactions	4. Agreements and Related Party Transactions Advisory Agreement: On September 15, 2014, the Company entered into an Investment Advisory and Management Agreement (the “Advisory Agreement”) with the Adviser, a registered investment adviser under the Investment Advisers Act of 1940, as amended. The Advisory Agreement was approved by the Board at an in-person meeting. Unless earlier terminated, the Advisory Agreement will remain in effect for a period of two years and will remain in effect from year to year thereafter if approved annually by (i) the vote of the Board, or by the vote of a majority of our outstanding voting securities, and (ii) the vote of a majority of the independent directors of the Board. On August 12, 2024, the Company’s Board reapproved the Advisory Agreement for an additional one-year term until September 15, 2025 . Management Fee : Pursuant to the Advisory Agreement, and subject to the overall supervision of the Board, the Adviser will manage the Company’s day-to-day operations and provide investment advisory services to the Company. The Company will pay to the Adviser, quarterly in advance, a management fee (the “Management Fee”) calculated as follows: (i) for the period starting on the initial closing date and ending on the earlier of (A) the last day of the calendar quarter during which the Commitment Period (as defined below) ends or (B) the last day of the calendar quarter during which the Adviser or an affiliate thereof begins to accrue a management fee with respect to a successor fund, 0.375 % (i.e., 1.50 % per annum) of the aggregate commitments determined as of the end of the Closing Period, and (ii) for each calendar quarter thereafter during the term of the Company (but not beyond the tenth anniversary of the initial closing date), 0.1875 % (i.e., 0.75 % per annum) of the aggregate cost basis (whether acquired by the Company with contributions from members, other Company funds or borrowings) of all portfolio investments that have not been sold, distributed to the members, or written off for tax purposes (but reduced by any portion of such cost basis that has been written down to reflect a permanent impairment of value of any portfolio investment), determined in each case as of the first day of such calendar quarter. The Management Fee in respect of the Closing Period will be calculated as if all capital commitments of the Company were made on the initial closing date, regardless of when Common Units were actually funded. The actual payment of the Management Fee with respect to the Closing Period will not be made prior to the first day of the first full calendar quarter following the end of the Closing Period. The “Commitment Period” of the Company will begin on the initial closing date and end on the earlier of (a) three years from the initial closing date and (b) the date on which the undrawn Commitment of each Common Unit has been reduced to zero. While the Management Fee will accrue from the initial closing date, the Adviser intends to defer payment of such fees to the extent that such fees cannot be paid from interest and fee income generated by the Company’s investments. During the three and nine months ended September 30, 2024, Management Fees incurred were $ 911 and $ 2,673 , respectively. During the three and nine months ended September 30, 2023, Management Fees incurred were $ 970 and $ 3,024 , respectively. As described in Note 1, on May 11, 2023, the Company's term was extended from September 19, 2023 to September 19, 2024 via a supermajority vote of the Unitholders. In connection with the May 11, 2023 extension, the Adviser agreed to waive management fees earned from and after December 31, 2022. Incentive Fee: In addition, the Adviser will receive an incentive fee (the “Incentive Fee”) as follows: (a) First, no Incentive Fee will be owed until the Common Unitholders have collectively received cumulative distributions pursuant to this clause (a) equal to their aggregate capital contributions in respect of all Common Units; (b) Second, no Incentive Fee will be owed until the Common Unitholders have collectively received cumulative distributions equal to a 9 % internal rate of return on their aggregate capital contributions in respect of all Common Units (the “Hurdle”); (c) Third, the Adviser will be entitled to an Incentive Fee out of 100 % of additional amounts otherwise distributable to Common Unitholders until such time as the cumulative Incentive Fee paid to the Adviser is equal to 20 % of the sum of (i) the amount by which the Hurdle exceeds the aggregate capital contributions of the Common Unitholders in respect of all Common Units and (ii) the amount of Incentive Fee being paid to the Adviser pursuant to this clause (c); and (d) Thereafter, the Adviser will be entitled to an Incentive Fee equal to 20 % of additional amounts otherwise distributable to Unitholders, with the remaining 80 % distributed to the Unitholders. 4. Agreements and Related Party Transactions (Continued) The Incentive Fee will be calculated on a cumulative basis and the amount of the Incentive Fee payable in connection with any distribution (or deemed distribution) will be determined and, if applicable, paid in accordance with the foregoing formula each time amounts are to be distributed to the Unitholders. If the Advisory Agreement terminates early for any reason other than (i) the Adviser voluntarily terminating the agreement or (ii) our terminating the agreement for cause (as set out in the Advisory Agreement), we will be required to pay the Adviser a final incentive fee payment (the “Final Incentive Fee Payment”). The Final Incentive Fee Payment will be calculated as of the date the Advisory Agreement is so terminated and will equal the amount of Incentive Fee that would be payable to the Adviser if (A) all our investments were liquidated for their current value (but without taking into account any unrealized appreciation of any portfolio investment), and any unamortized deferred portfolio investment-related fees would be deemed accelerated, (B) the proceeds from such liquidation were used to pay all our outstanding liabilities, and (C) the remainder were distributed to Unitholders and paid as Incentive Fee in accordance with the “waterfall” (i.e., clauses (a) through (d)) described above for determining the amount of the Incentive Fee. We will make the Final Incentive Fee Payment in cash on or immediately following the date the Advisory Agreement is so terminated. The Adviser Return Obligation (defined below) will not apply in connection with a Final Incentive Fee Payment. No Incentive Fees were incurred during the three and nine months ended September 30, 2024 and 2023. Administration Agreement: On September 15, 2014, the Company entered into the Administration Agreement with the Adviser under which the Adviser (or one or more delegated service providers) will oversee the maintenance of our financial records and otherwise assist on the Company’s compliance with regulations applicable to a BDC under the 1940 Act, and a RIC under the Code, to prepare reports to our Members, monitor the payment of our expenses and the performance of other administrative or professional service providers, and generally provide us with administrative and back office support. The Company will reimburse the Administrator for expenses incurred by it on behalf of the Company in performing its obligations under the Administration Agreement. Amounts paid pursuant to the Administration Agreement are subject to the annual cap on Company Expenses (as defined below), as described more fully below. On August 12, 2024, the Company’s Board reapproved the Administrative Agreement for an additional one-year term until September 15, 2025. The Company, and indirectly the Unitholders, will bear (including by reimbursing the Adviser or Administrator) all other costs and expenses of its operations, administration and transactions, including, without limitation, organizational and offering expenses, management fees, costs of reporting required under applicable securities laws, legal fees of the Company’s counsel and accounting fees. However, the Company will not bear (a) more than an amount equal to 10 basis points of the aggregate capital commitments of the Company for organization and offering expenses in connection with the offering of Common Units through the Closing Period and (b) more than an amount equal to 12.5 basis points of the aggregate Commitments of the Company per annum (pro-rated for partial years) for its costs and expenses other than ordinary operating expenses (“Company Expenses”), including amounts paid to the Administrator under the Administration Agreement and reimbursement of expenses to the Adviser. All expenses that the Company will not bear will be borne by the Adviser or its affiliates. Notwithstanding the foregoing, the cap on Company Expenses does not apply to payments of the Management Fee, Incentive Fee, organizational and offering expenses (which are subject to the separate cap), amounts payable in connection with the Company’s borrowings (including interest, bank fees, legal fees and other transactional expenses related to any borrowing or borrowing facility and similar costs), costs and expenses relating to the liquidation of the Company, taxes, or extraordinary expenses (such as litigation expenses and indemnification payments). TCW Direct Lending Strategic Ventures LLC: On June 5, 2015, the Company, together with an affiliate of Security Benefit Corporation and accounts managed by Oak Hill Advisors, L.P., entered into an Amended and Restated Limited Liability Company Agreement (the “Agreement”) to become members of TCW Direct Lending Strategic Ventures LLC (“Strategic Ventures”). Strategic Ventures focuses primarily on making senior secured floating rate loans to middle-market borrowers. The Agreement was effective June 5, 2015. The Company’s investment in Strategic Ventures is restricted from redemption until the termination of Strategic Ventures. The Company’s capital commitment is $ 481,600 , representing approximately 80 % of the preferred and common equity ownership of Strategic Ventures, with the third-party investors representing the remaining capital commitments and preferred and common equity ownership. A portion of the Company’s capital commitment was satisfied by the contribution of two loans to Strategic Ventures. Strategic Ventures also entered into a revolving credit facility to finance a portion of certain eligible investments on June 5, 2015. On April 30, 2021, Strategic Ventures’ revolving credit facility was terminated.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	5. Commitments and Contingencies The Company had the following unfunded commitments and unrealized depreciation by investment as of September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 Unfunded Commitments Maturity/ Amount Unrealized Amount Unrealized Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company) January 2028 $ 7,268 $ — $ — $ — Pace Industries, Inc. June 2025 2,336 682 3,671 158 Retail & Animal Intermediate, LLC November 2025 — — 2,242 2,241 Ruby Tuesday Operations LLC (fka Ruby Tuesday, Inc.) February 2025 4,921 — 4,921 — Total $ 14,525 $ 682 $ 10,834 $ 2,399 The Company’s total capital commitment to its underlying investment in Strategic Ventures is $ 481,600 . As of September 30, 2024 and December 31, 2023 , the Company’s unfunded commitment to Strategic Ventures is $ 219,646 . From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of September 30, 2024, management is not aware of any pending or threatened litigation. In the normal course of business, the Company enters into contracts which provide a variety of representations and warranties, and that provide general indemnifications. Such contracts include those with certain service providers, brokers and trading counterparties. Any exposure to the Company under these arrangements is unknown as it would involve future claims that may be made against the Company; however, based on the Company’s experience, the risk of loss is remote and no such claims are expected to occur. As such, the Company has not accrued any liability in connection with such indemnifications.

Members Capital

Members Capital	9 Months Ended
	Sep. 30, 2024
Statement of Stockholders' Equity [Abstract]
Members Capital	6. Members’ Capital During the three and nine months ended September 30, 2024 and 2023, the Company did not sell or issue any Common Units. As described in Note 1, o n July 11, 2022 the Company’s Members approved a reduction in Undrawn Commitments by $ 10.43 per unit, resulting in an approximately 41.18 % reduction of overall remaining available capital commitments. The activity for the three and nine months ended September 30, 2024 and 2023 was as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Units at beginning of period 18,034,649 18,034,649 18,034,649 18,034,649 Units issued and committed at end of period 18,034,649 18,034,649 18,034,649 18,034,649 The Company did no t process any deemed distributions and re-contributions during the three and nine months ended September 30, 2024 and 2023 .

Credit Facility

Credit Facility	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Credit Facility	7. Credit Facility The Company has a secured revolving credit agreement (the “Credit Agreement”) with Natixis, New York Branch (“Natixis”) as administrative agent and committed lender. The Credit Agreement provides for a revolving credit line of up to $ 750,000 (the “Maximum Commitment”) (the “Credit Facility”), subject to the lesser of the “Borrowing Base” assets or the Maximum Commitment (the “Available Commitment”). The Borrowing Base assets generally equal the sum of (a) a percentage of certain eligible investments in a controlled account, (b) a percentage of unfunded commitments from certain eligible investors in the Company and (c) cash in a controlled account. The Credit Agreement is generally secured by the Borrowing Base assets. 7. Credit Facility (Continued) On April 10, 2017, the Company and Natixis entered into a Third Amended and Restated Revolving Credit Agreement. Under the Third Amended and Restated Revolving Credit Agreement borrowings bear interest at a rate equal to either the (a) adjusted eurodollar rate calculated in a customary manner plus 2.35 %, (b) commercial paper rate plus 2.35 %, or (c) a base rate calculated in a customary manner (using the higher of the Federal Funds Rate plus 0.50 %, the Prime Rate and the Floating LIBOR Rate plus 1.00 %) plus 1.35 %. Moreover, the Credit Agreement’s stated maturity date was extended from November 10, 2017 to April 10, 2020 . On April 6, 2020, the Company entered into a First Amendment to the Third Amended and Restated Revolving Credit Agreement (the “Amended Credit Agreement”), by and among the Company, as borrower, and Natixis, New York Branch, as administrative agent and the lenders party thereto. The Amended Credit Agreement provides for a revolving credit line of up to $ 375,000 (with an option for the Company to increase this amount to $ 450,000 subject to consent of the lenders and satisfaction of certain other conditions), subject to the available borrowing base, which is generally the sum of (a) a percentage of certain eligible investments, (b) a percentage of remaining unfunded commitments from certain eligible investors in the Company and (c) cash in a controlled account. The Amended Credit Agreement is generally secured by the unfunded commitments (together with the recallable amounts) of the Company’s investors, portfolio investments and substantially all other assets of the Company. The stated maturity date of the Amended Credit Agreement was April 9, 2021 , which date (subject to the satisfaction of certain conditions) could have been extended by the Company for up to an additional 364 days. Borrowings under the Amended Credit Agreement bore interest at a rate equal to either (a) adjusted eurodollar rate calculated in a customary manner plus 2.50 %, (b) commercial paper rate plus 2.50 %, or (c) a base rate calculated in a customary manner (which will never be less than the adjusted eurodollar rate plus 1.00 %) plus 1.50 %, provided however in each case the commercial paper rate and the eurocurrency rate shall have a floor of 1.00 %. On May 27, 2020, the Company entered into a Lender Group Joinder Agreement pursuant to which Zions Bancorporation, N.A. d/b/a California Bank & Trust was added as a committed lender (with a commitment of $ 25,000 ) under the Amended Credit Agreement. Concurrently therewith, the Company elected to increase the size of its revolving credit line under the Amended Credit Agreement to $ 400,000 . On December 29, 2020, the Company elected to permanently decrease the size of its revolving credit line under the Amended Credit Agreement to $ 177,000 . On April 6, 2021, the Company entered into a Third Amendment to the Amended Credit Agreement (the “Third Amended Credit Agreement”). The Third Amended Credit Agreement provides for a revolving credit line of up to $ 177,000 , subject to the available borrowing base, which is generally a percentage of remaining unfunded commitments from certain eligible investors in the Company. The Third Amended Credit Agreement is generally secured by the unfunded commitments (together with the recallable amounts) of the Company’s investors. The stated maturity date of the Third Amended Credit Agreement is April 8, 2022 , which (subject to the satisfaction of certain conditions) may be extended by the Company for up to an additional 364 days. On March 23, 2022, the Company exercised its final extension option, and extended the maturity date of the Third Amended Credit Agreement to April 7, 2023. Borrowings under the Third Amended Credit Agreement bear interest at a rate equal to either (a) Eurocurrency Rate calculated in a customary manner plus 1.95 %, (b) commercial paper (“CP”) rate plus 1.95 %, or (c) a base rate calculated in a customary manner (which will never be less than the Eurocurrency Rate plus 1.00 %) plus 0.95 %, provided however in each case the CP Rate and the Eurocurrency Rate shall have a floor of 0.00 %. The Credit Facility may be terminated, and any outstanding amounts thereunder may become due and payable, should the Company fail to satisfy certain covenants. As of September 30, 2024, the Company was in compliance with such covenants. On January 10, 2023, the Company entered into a Fourth Amendment to the Third Amended and Restated Revolving Credit Agreement (the "Fourth Amended Credit Agreement"). The Fourth Amended Credit Agreement replaces the Eurocurrency Rate with a Daily Simple SOFR Rate, Term SOFR Rate and Adjusted Term SOFR Rate (each as defined in the Fourth Amended Credit Agreement) for purposes of calculating interest on the loan. Each Term SOFR Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Adjusted Term SOFR Rate for such Interest Period plus the interest rate spread or "Applicable Margin." Each Daily SOFR Loan will bear interest on the outstanding principal amount thereof at a rate per annum equal to Daily Simple SOFR plus the Applicable Margin. The Term SOFR Loan and Daily SOFR Loan have an Applicable Margin of 1.95 %. On April 7, 2023, the Company entered into the Fifth Amendment to the Third Amended and Restated Revolving Credit Agreement (the "Fifth Amended Credit Agreement"). The Fifth Amended Credit Agreement removed the Adjusted Term SOFR Rate for purposes of calculating interest on the loan but kept the Daily Simple SOFR and Term SOFR rates as is. It also updated the Applicable Margin from 0.95 % to 1.15 % for Base Rate Loans and from 1.95 % to 2.15 % for all other loan types. The revolving credit line was also reduced from $ 177,000 to $ 152,000 and lastly, the maturity date of the loan was extended 364 days to April 5, 2024 . 7. Credit Facility (Continued) On April 5, 2024, the Company entered into the Sixth Amendment to the Third Amended and Restated Revolving Credit Agreement (the "Sixth Amended Credit Agreement"). The Sixth Amended Credit Agreement updated the Applicable Margin from 1.15 % to 1.50 % for Base Rate Loans and from 2.15 % to 2.50 % for all other loan types. The maturity date of the loan was also extended 364 days to April 4, 2025 . As of September 30, 2024 and December 31, 2023, the Available Commitment under the Amended Credit Agreement was $ 65,550 and $ 74,950 , respectively. As of September 30, 2024 and December 31, 2023, the amounts outstanding under the Credit Facility were $ 86,450 and $ 77,050 , respectively. The carrying amount of the Credit Facility, which is categorized as Level 2 within the fair value hierarchy as of September 30, 2024 and December 31, 2023, approximates its fair value. Valuation techniques and significant inputs used to determine fair value include Company details; credit, market and liquidity risk and events; financial health of the Company; place in the capital structure; interest rate; and terms and conditions of the Credit Facility. Costs associated with the Credit Facility are recorded as deferred financing costs on our Consolidated Statements of Assets and Liabilities and the costs are being amortized over the life of the Credit Facility. As of September 30, 2024 and December 31, 2023, $ 324 and $ 122 , respectively, of such prepaid deferred financing costs has yet to be amortized. The summary information regarding the Credit Facility for the three and nine months ended September 30, 2024 and 2023 was as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Credit facility interest expense $ 1,692 $ 1,636 $ 4,721 $ 5,609 Undrawn commitment fees 68 67 223 168 Administrative fees 17 16 33 49 Amortization of deferred financing costs 191 116 455 426 Total $ 1,968 $ 1,835 $ 5,432 $ 6,252 Weighted average interest rate 7.83 % 7.54 % 7.75 % 7.04 % Average outstanding balance $ 84,592 $ 84,946 $ 80,053 $ 105,012

Repurchase Transactions

Repurchase Transactions	9 Months Ended
	Sep. 30, 2024
Disclosure of Repurchase Agreements [Abstract]
Repurchase Transactions	8. Repurchase Transactions The Company may, from time to time, enter into repurchase agreements with financial institutions, including Barclays Bank PLC (“Barclays”), whereby the Company sells to Barclays its short-term investments and concurrently enters into an agreement to repurchase the same investments at an agreed-upon price at a future date, generally within 30-days (each, a “Repurchase Transaction”). In accordance with ASC 860, Transfers and Servicing , these Repurchase Transactions meet the criteria for secured borrowings. Accordingly, the short-term investments remain on the Company’s Consolidated Statements of Assets and Liabilities as an asset, and the Company records a liability to reflect its repurchase obligation to Barclays (the “Repurchase Obligation”). The Repurchase Obligation is secured by the short-term investments that are the subject of the repurchase agreement. The Company had no outstanding Repurchase Obligations as of September 30, 2024 and December 31, 2023. Interest expense incurred under these Repurchase Transactions was $ 1,617 and $ 1,341 for the three months ended September 30, 2024 and 2023, respectively. Interest expense incurred under these Repurchase Transactions was $ 5,051 and $ 4,219 for the nine months ended September 30, 2024 and 2023 , respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The Company has elected to be treated as a BDC under the 1940 Act and has elected to be treated as a RIC under the Code. So long as the Company maintains its status as a RIC, it will generally not pay corporate-level U.S. Federal income or excise taxes on any ordinary income or capital gains that it distributes at least annually to its common unitholders as dividends. The Company elected to be taxed as a RIC in 2015. The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reversed and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. Federal Income Taxes : It is the policy of the Company to comply with the requirements of the Internal Revenue Code applicable to regulated investment companies and distribute all of its net taxable income and any net realized gains on investments to its shareholders. Therefore, no federal income tax provision is required. As of September 30, 2024 and December 31, 2023, the Company’s aggregate investment unrealized appreciation and depreciation for federal income tax purposes were as follows: September 30, 2024 December 31, 2023 Cost of investments for federal income tax purposes $ 906,390 $ 983,943 Unrealized appreciation $ 54,217 $ 76,582 Unrealized depreciation $ ( 170,680 ) $ ( 123,992 ) Net unrealized depreciation on investments $ ( 116,463 ) $ ( 47,410 ) The Company did no t have any unrecognized tax benefits at December 31, 2023 , nor were there any increases or decreases in unrecognized tax benefits for the period then ended; and therefore no interest or penalties were accrued. The Company is subject to examination by U.S. federal and state tax authorities regarding returns filed for the prior three and four years , respectively.

Unconsolidated Significant Subs

Unconsolidated Significant Subsidiaries	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Unconsolidated Significant Subsidiaries	10. Unconsolidated Significant Subsidiaries In accordance with Rule 3-09 of Regulation S-X (“Rule 3-09”), the Company must determine which of its unconsolidated controlled portfolio companies are considered “significant subsidiaries,” if any. In evaluating these investments, Rule 1-02(w)(2) of Regulation S-X stipulates two tests to be utilized by a business development corporation to determine if any of our controlled investments are considered significant subsidiaries for financial reporting purposes: the investment test and the income test. For interim financial statements, Rule 3-09 requires summarized income statement information if any of the thresholds in the tests are exceeded. As of September 30, 2024 , our investment in Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company) exceeded the threshold in at least one of the Rule 3-09 tests. Accordingly, included below is the summarized income statement information for Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company): For the period from August 23, 2024 to September 30, 2024 (1) Selected Income Statement Information - Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company) Total revenue $ 7,880 Gross profit 1,885 Net loss ( 1,027 ) (1) No comparative periods are presented as Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company) was formed on August 23, 2024.

Financial Highlights

Financial Highlights	9 Months Ended
	Sep. 30, 2024
Investment Company, Financial Highlights [Abstract]
Financial Highlights	11. Financial Highlights Selected data for a unit outstanding throughout the nine months ended September 30, 2024 and 2023 is presented below. The accrual base Net Asset Value is calculated by subtracting the per unit loss from investment operations from the beginning Net Asset Value per unit and reflects all units issued and outstanding. For the nine months ended September 30, 2024 (1) 2023 (1) Net Asset Value Per Unit (accrual base), Beginning of Period $ 31.38 $ 32.84 Income from Investment Operations: Net investment income 0.81 1.62 Net realized and unrealized loss ( 4.99 ) ( 0.52 ) Total (loss) income from investment operations ( 4.18 ) 1.10 Less Distributions: From net investment income ( 0.36 ) ( 0.55 ) Return of capital — ( 0.22 ) Total distributions ( 0.36 ) ( 0.77 ) Net Asset Value Per Unit (accrual base), End of Period $ 26.84 $ 33.17 Common Unitholder Total Return (2)(3) ( 23.63 )% 6.19 % Common Unitholder IRR (4) 7.27 % 8.41 % Ratios and Supplemental Data: Members’ Capital, end of period $ 284,929 $ 399,051 Units outstanding, end of period 18,034,649 18,034,649 Ratios based on average net assets of Members’ Capital: Ratio of total expenses to average net assets (5) 5.51 % 3.99 % Expenses waived by Investment Adviser (5) ( 0.77 )% — Ratio of net expenses to average net assets (5) 4.74 % 3.99 % Ratio of financing cost to average net assets (3) 1.56 % 1.58 % Ratio of net investment income to average net assets (5) 5.59 % 9.91 % Credit facility payable $ 86,450 $ 82,050 Asset coverage ratio 4.30 5.86 Portfolio turnover rate (3) 2.15 % 1.15 % (1) Per unit data was calculated using the number of Common Units issued and outstanding as of September 30, 2024 and 2023. (2) The Total Return for the nine months ended September 30, 2024 and 2023 was calculated by taking total income from investment operations for the period divided by the weighted average capital contributions from the Members during the period. The return does not reflect sales load and is net of management fees and expenses. (3) Not annualized. (4) The Internal Rate of Return (“IRR”) since inception for the Common Unitholders, after management fees, financing costs and operating expenses, is 7.27 % through September 30, 2024. The IRR is computed based on cash flow due dates contained in notices to Members (contributions from and distributions to the Common Unitholders) and the net assets (residual value) of the Members’ Capital account at period end. The IRR is calculated based on the fair value of investments using principles and methods in accordance with GAAP and does not necessarily represent the amounts that may be realized from sales or other dispositions. Accordingly, the return may vary significantly upon realization. (5) Annualized.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events The Company has evaluated subsequent events through the date of issuance of the consolidated financial statements. There have been no subsequent events that require recognition or disclosure in these consolidated financial statements other than those described below. On October 1, 2024 , the Company entered into a Repurchase Transaction with Barclays which settled on October 25, 2024 in the amount of $ 418,625 .

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Line Items]
Basis of Presentation	Basis of Presentation: The unaudited consolidated financial statements of the Company were prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 6 and Article 10 of Regulation S-X. The Company is an investment company following accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies (“ASC 946”). The Company has consolidated the results of its wholly owned subsidiary in its consolidated financial statements in accordance with ASC 946. The unaudited consolidated financial statements reflect all adjustments, both normal and recurring which, in the opinion of management, are necessary for the fair presentation of the Company’s results of operations and financial condition for the periods presented. The unaudited consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto appearing in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission ("SEC") on March 28, 2024.
Use of Estimates	Use of Estimates: The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities at the date of the financial statements, (ii) the reported amounts of income and expenses during the years presented and (iii) disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates, and such differences could be material.
Investments	Investments : The Company measures the value of its investments in accordance with ASC Topic 820, Fair Value Measurements and Disclosure (“ASC 820”). Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, the Company considers its principal market to be the market that has the greatest volume and level of activity.
Transactions	Transactions : The Company records investment transactions on the trade date. The Company considers trade date for investments not traded on a recognizable exchange, or traded in the over-the-counter markets, to be the date on which the Company receives legal or contractual title to the asset and bears the risk of loss.
Income Recognition	Income Recognition : Interest income and interest income paid-in-kind are recorded on an accrual basis unless doubtful of collection or the related investment is in default. Realized gains and losses on investments are recorded on a specific identification basis. The Company typically receives a fee in the form of a discount to the purchase price at the time it funds an investment in a loan. The discount is accreted to interest income over the life of the respective loan, using the effective-interest method assuming there are no questions as to collectability, and reflected in the amortized cost basis of the investment. Ongoing facility, commitment or other additional fees including prepayment fees, consent fees and forbearance fees are recognized as interest income in the period in which the fees were earned. Income received in exchange for the provision of services such as administration and managerial services is recognized as other fee income in the period in which it was earned. The Company has entered into certain intercreditor agreements that entitle the Company to the “last out” tranche of first lien secured loans, whereby the “first out” tranche will receive priority as to the “last out” tranche with respect to payments of principal, interest, and any other amounts due thereunder. In certain cases, the Company may receive a higher interest rate than the contractual stated interest rate as disclosed on the Company’s Consolidated Schedule of Investments. Certain investments have an unfunded loan commitment for a delayed draw term loan or revolving credit. The Company earns an unused commitment fee on the unfunded commitment during the commitment period. The expiration date of the commitment period may be earlier than the maturity date of the investment stated above. See Note 5—Commitments and Contingencies. Loans are generally placed on non-accrual status when principal or interest payments are past due 30 days or more or when there is reasonable doubt that principal or interest will be collected in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid and, in management’s judgment, are likely to remain current. The Company may make exceptions to this policy if the loan has sufficient collateral value and is in the process of collection.
Deferred Financing Costs	Deferred Financing Costs: Deferred financing costs incurred by the Company in connection with the revolving credit facility, including arrangement fees, upfront fees and legal fees, are amortized on a straight-line basis over the term of the revolving credit facility.
Organizational and Offering Costs	Organization and Offering Costs: The Company did not bear more than an amount equal to 10 basis points of the aggregate capital commitments of the Company for organization and offering expenses.
Cash and Cash Equivalents	Cash and Cash Equivalents: The Company generally considers investments with a maturity of three months or less at the time of acquisition to be cash equivalents. As of September 30, 2024 , cash and cash equivalents is comprised of demand deposits and highly liquid investments with maturities of three months or less. Cash equivalents are valued at the net asset value of the mutual fund which approximates fair value and are classified as Level 1 in the GAAP valuation hierarchy.
Income Taxes	Income Taxes: So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. Federal income taxes on any ordinary income or capital gains that it distributes at least annually to its Members as dividends. Rather, any tax liability related to income earned and distributed by the Company represents obligations of the Company’s Members and will not be reflected in the consolidated financial statements of the Company.
Recent Accounting Pronouncements	Recent Accounting Pronouncements: In June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”). ASU 2022-03 (1) clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to a contractual sale restriction and (2) requires specific disclosures related to such an equity security. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023 and interim periods within that fiscal year, with early adoption permitted. On January 1, 2024 , the Company adopted ASU 2022-03 and the adoption did not have a material impact on the consolidated financial statements.
Short-Term Investments
Summary of Significant Accounting Policies [Line Items]
Investments	Short-term investments: The Company considers all investments with original maturities beyond three months at the date of purchase and one year or less from the balance sheet date to be short-term investments. As of September 30, 2024 , short-term investments is comprised of U.S. Treasury bills, all of which are carried at fair value and are classified as Level 1 in the GAAP valuation hierarchy.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Aggregate Commitments, Undrawn Commitments, Percentage of Commitments Funded and Number of Subscribed for Units	As of September 30, 2024, aggregate Commitments, Undrawn Commitments, the percentage of Commitments funded and the number of subscribed for Units of the Company were as follows: Commitments Undrawn % of Units Common Unitholder $ 1,803,465 $ 199,120 89.0 % 18,034,649

Investment Valuations and Fai_2

Investment Valuations and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Investment Valuations And Fair Value Measurements [Abstract]
Summary by Major Security Type of Fair Valuation According to Inputs Used in Valuing Investments	The following is a summary by major security type of the fair valuations according to inputs used in valuing investments listed in the Consolidated Schedule of Investments as of September 30, 2024: Investments Level 1 Level 2 Level 3 NAV Total Debt $ — $ — $ 203,892 $ — $ 203,892 Equity 309 — 108,892 — 109,201 Investment funds & vehicles (1) — — — 55,938 55,938 Short- term investments 418,769 — — — 418,769 Cash equivalents 2,810 — — — 2,810 Total $ 421,888 $ — $ 312,784 $ 55,938 $ 790,610 (1) Includes equity investments in Strategic Ventures. In accordance with ASC Topic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities. 3. Investment Valuations and Fair Value Measurements (Continued) The following is a summary by major security type of the fair valuations according to inputs used in valuing investments listed in the Consolidated Schedule of Investments as of December 31, 2023: Investments Level 1 Level 2 Level 3 NAV Total Debt $ — $ — $ 276,377 $ — $ 276,377 Equity 618 — 95,419 — 96,037 Investment funds & vehicles (1) — — — 69,781 69,781 Short- term investments 491,966 — — — 491,966 Cash equivalents 2,372 — — — 2,372 Total $ 494,956 $ — $ 371,796 $ 69,781 $ 936,533 (1) Includes equity investments in Strategic Ventures. In accordance with ASC Topic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.
Summary of Reconciliation of Balances for Total Investments	The following tables provide a reconciliation of the beginning and ending balances for total investments that use Level 3 inputs for the three and nine months ended September 30, 2024: Debt Equity Total Balance, July 1, 2024 $ 262,196 $ 83,984 $ 346,180 Purchases, including payments received in-kind 48,792 62,647 111,439 Sales and paydowns of investments ( 102,840 ) — ( 102,840 ) Amortization of premium and accretion of discount, net 33 — 33 Net realized losses ( 5,000 ) — ( 5,000 ) Net change in unrealized appreciation/(depreciation) 711 ( 37,739 ) ( 37,028 ) Balance, September 30, 2024 $ 203,892 $ 108,892 $ 312,784 Change in net unrealized appreciation/(depreciation) in investments held as of September 30, 2024 759 ( 37,739 ) ( 36,980 ) Debt Equity Total Balance, January 1, 2024 $ 276,377 $ 95,419 $ 371,796 Purchases, including payments received in-kind 65,696 62,647 128,343 Sales and paydowns of investments ( 103,450 ) — ( 103,450 ) Amortization of premium and accretion of discount, net 6 — 6 Net realized losses ( 5,000 ) — ( 5,000 ) Net change in unrealized appreciation/(depreciation) ( 29,737 ) ( 49,174 ) ( 78,911 ) Balance, September 30, 2024 $ 203,892 $ 108,892 $ 312,784 Change in net unrealized appreciation/(depreciation) in investments held as of September 30, 2024 $ ( 29,689 ) $ ( 49,174 ) $ ( 78,863 ) 3. Investment Valuations and Fair Value Measurements (Continued) The following tables provide a reconciliation of the beginning and ending balances for total investments that use Level 3 inputs for the three and nine months ended September 30, 2023: Debt Equity Total Balance, July 1, 2023 $ 323,608 $ 80,185 $ 403,793 Purchases, including payments received in-kind 4,075 — 4,075 Sales and paydowns of investments ( 680 ) — ( 680 ) Amortization of premium and accretion of discount, net 33 — 33 Net change in unrealized appreciation/(depreciation) ( 9,164 ) 6,638 ( 2,526 ) Balance, September 30, 2023 $ 317,872 $ 86,823 $ 404,695 Change in net unrealized appreciation/(depreciation) in investments held as of September 30, 2023 $ ( 9,164 ) $ 6,637 $ ( 2,527 ) Debt Equity Total Balance, January 1, 2023 $ 349,861 $ 79,526 $ 429,387 Purchases, including payments received in-kind 16,987 — 16,987 Sales and paydowns of investments ( 28,352 ) — ( 28,352 ) Amortization of premium and accretion of discount, net 181 — 181 Net realized losses ( 1,928 ) ( 116 ) ( 2,044 ) Net change in unrealized appreciation/(depreciation) ( 18,877 ) 7,413 ( 11,464 ) Balance, September 30, 2023 $ 317,872 $ 86,823 $ 404,695 Change in net unrealized appreciation/(depreciation) in investments held as of September 30, 2023 $ ( 18,200 ) $ 7,297 $ ( 10,903 )
Summary of Valuation Techniques and Quantitative Information	The following table summarizes the valuation techniques and quantitative information utilized in determining the fair value of the Level 3 investments as of September 30, 2024. Investment Type Fair Value Valuation Unobservable Range Weighted Impact to Debt $ 43,080 Income Method Discount Rate 13.2 to 16.3 % 14.7 % Decrease Debt $ 27,900 Market Method EBITDA Multiple 5.3 x to 7.0 x 6.3 x Increase Debt $ 132,912 Market Method Revenue Multiple 0.1 x to 1.3 x 0.7 x Increase Equity $ 57,164 Market Method EBITDA Multiple 5.3 x to 7.0 x 6.0 x Increase Equity $ 51,728 Market Method Revenue Multiple 0.1 x to 1.3 x 0.8 x Increase * Weighted based on fair value The following table summarizes the valuation techniques and quantitative information utilized in determining the fair value of the Level 3 investments as of December 31, 2023. Investment Type Fair Value Valuation Unobservable Range Weighted Impact to Debt $ 43,506 Income Method Discount Rate 13.6 % to 16.5 % 15.1 % Decrease Debt $ 126,124 Market Method EBITDA Multiple 5.8 x to 9.5 x N/A Increase Debt $ 106,747 Market Method Revenue Multiple 0.1 x to 0.7 x N/A Increase Equity $ 72,198 Market Method EBITDA Multiple 5.8 x to 8.5 x N/A Increase Equity $ 23,221 Market Method Revenue Multiple 0.1 x to 0.7 x N/A Increase * Weighted based on fair value

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Unfunded Commitments and Unrealized Depreciation by Investment	The Company had the following unfunded commitments and unrealized depreciation by investment as of September 30, 2024 and December 31, 2023: September 30, 2024 December 31, 2023 Unfunded Commitments Maturity/ Amount Unrealized Amount Unrealized Overton Chicago Gear, LLC (fka H-D Advanced Manufacturing Company) January 2028 $ 7,268 $ — $ — $ — Pace Industries, Inc. June 2025 2,336 682 3,671 158 Retail & Animal Intermediate, LLC November 2025 — — 2,242 2,241 Ruby Tuesday Operations LLC (fka Ruby Tuesday, Inc.) February 2025 4,921 — 4,921 — Total $ 14,525 $ 682 $ 10,834 $ 2,399

Members Capital (Table)

Members Capital (Table)	9 Months Ended
	Sep. 30, 2024
Statement of Stockholders' Equity [Abstract]
Summary of Company Unit Activity	During the three and nine months ended September 30, 2024 and 2023, the Company did not sell or issue any Common Units. As described in Note 1, o n July 11, 2022 the Company’s Members approved a reduction in Undrawn Commitments by $ 10.43 per unit, resulting in an approximately 41.18 % reduction of overall remaining available capital commitments. The activity for the three and nine months ended September 30, 2024 and 2023 was as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Units at beginning of period 18,034,649 18,034,649 18,034,649 18,034,649 Units issued and committed at end of period 18,034,649 18,034,649 18,034,649 18,034,649

Credit Facility (Tables)

Credit Facility (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Summary Information Regarding Credit Facility	The summary information regarding the Credit Facility for the three and nine months ended September 30, 2024 and 2023 was as follows: Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 Credit facility interest expense $ 1,692 $ 1,636 $ 4,721 $ 5,609 Undrawn commitment fees 68 67 223 168 Administrative fees 17 16 33 49 Amortization of deferred financing costs 191 116 455 426 Total $ 1,968 $ 1,835 $ 5,432 $ 6,252 Weighted average interest rate 7.83 % 7.54 % 7.75 % 7.04 % Average outstanding balance $ 84,592 $ 84,946 $ 80,053 $ 105,012

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Aggregate Investment Unrealized Appreciation and Depreciation for Federal Income Tax Purposes	As of September 30, 2024 and December 31, 2023, the Company’s aggregate investment unrealized appreciation and depreciation for federal income tax purposes were as follows: September 30, 2024 December 31, 2023 Cost of investments for federal income tax purposes $ 906,390 $ 983,943 Unrealized appreciation $ 54,217 $ 76,582 Unrealized depreciation $ ( 170,680 ) $ ( 123,992 ) Net unrealized depreciation on investments $ ( 116,463 ) $ ( 47,410 )

Unconsolidated Significant Su_2

Unconsolidated Significant Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Unconsolidated Significant Subsidiaries	Accordingly, included below is the summarized income statement information for Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company): For the period from August 23, 2024 to September 30, 2024 (1) Selected Income Statement Information - Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company) Total revenue $ 7,880 Gross profit 1,885 Net loss ( 1,027 ) (1) No comparative periods are presented as Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company) was formed on August 23, 2024.

Financial Highlights (Tables)

Financial Highlights (Tables)	9 Months Ended
	Sep. 30, 2024
Investment Company, Financial Highlights [Abstract]
Schedule of Net Asset Value Per Unit and Reflects all Units Issued and Outstanding	Selected data for a unit outstanding throughout the nine months ended September 30, 2024 and 2023 is presented below. The accrual base Net Asset Value is calculated by subtracting the per unit loss from investment operations from the beginning Net Asset Value per unit and reflects all units issued and outstanding. For the nine months ended September 30, 2024 (1) 2023 (1) Net Asset Value Per Unit (accrual base), Beginning of Period $ 31.38 $ 32.84 Income from Investment Operations: Net investment income 0.81 1.62 Net realized and unrealized loss ( 4.99 ) ( 0.52 ) Total (loss) income from investment operations ( 4.18 ) 1.10 Less Distributions: From net investment income ( 0.36 ) ( 0.55 ) Return of capital — ( 0.22 ) Total distributions ( 0.36 ) ( 0.77 ) Net Asset Value Per Unit (accrual base), End of Period $ 26.84 $ 33.17 Common Unitholder Total Return (2)(3) ( 23.63 )% 6.19 % Common Unitholder IRR (4) 7.27 % 8.41 % Ratios and Supplemental Data: Members’ Capital, end of period $ 284,929 $ 399,051 Units outstanding, end of period 18,034,649 18,034,649 Ratios based on average net assets of Members’ Capital: Ratio of total expenses to average net assets (5) 5.51 % 3.99 % Expenses waived by Investment Adviser (5) ( 0.77 )% — Ratio of net expenses to average net assets (5) 4.74 % 3.99 % Ratio of financing cost to average net assets (3) 1.56 % 1.58 % Ratio of net investment income to average net assets (5) 5.59 % 9.91 % Credit facility payable $ 86,450 $ 82,050 Asset coverage ratio 4.30 5.86 Portfolio turnover rate (3) 2.15 % 1.15 % (1) Per unit data was calculated using the number of Common Units issued and outstanding as of September 30, 2024 and 2023. (2) The Total Return for the nine months ended September 30, 2024 and 2023 was calculated by taking total income from investment operations for the period divided by the weighted average capital contributions from the Members during the period. The return does not reflect sales load and is net of management fees and expenses. (3) Not annualized. (4) The Internal Rate of Return (“IRR”) since inception for the Common Unitholders, after management fees, financing costs and operating expenses, is 7.27 % through September 30, 2024. The IRR is computed based on cash flow due dates contained in notices to Members (contributions from and distributions to the Common Unitholders) and the net assets (residual value) of the Members’ Capital account at period end. The IRR is calculated based on the fair value of investments using principles and methods in accordance with GAAP and does not necessarily represent the amounts that may be realized from sales or other dispositions. Accordingly, the return may vary significantly upon realization. (5) Annualized.

Organization and Basis of Pre_3

Organization and Basis of Presentation - Additional Information (Details) $ / shares in Units, $ in Thousands					1 Months Ended		9 Months Ended
	Jul. 11, 2022 $ / shares	Sep. 19, 2020	Mar. 19, 2015 USD ($) $ / shares	May 13, 2014 USD ($) shares	Sep. 30, 2024 USD ($) shares	Oct. 31, 2022	Sep. 30, 2024 USD ($) Agreement shares	Dec. 31, 2023 USD ($)
Inception date							Mar. 20, 2014
Number of wholly-owned subsidiaries							2
Number of additional subscription agreements | Agreement							2
Term of subscription agreements		1 year
Extended term for successive periods of subscription agreements							1 year
Commitment period description							The Commitment Period commenced on September 19, 2014 (the “Initial Closing Date”) and ended on September 19, 2017, the third anniversary of the Initial Closing Date. In accordance with the Company’s Limited Liability Company Agreement, the Company may complete investment transactions that were significantly in process as of the end of the Commitment Period and which the Company reasonably expects to be consummated prior to 90 days after the expiration date of the Commitment Period.
Significantly investment completion period upon expiration of commitment period							90 days
Commitments from investors					$ 1,803,465		$ 1,803,465	$ 1,803,465
Reduction in undrawn commitments | $ / shares	$ 10.43
Percentage of reduction of overall remaining available capital commitments	41.18%
Recontribute amount distribution percentage							75%
Recallable amount					$ 100,875		$ 100,875
Impact of individual member's percentage							0%
Maximum
Percentage of aggregate cumulative invested amount in existing portfolio companies					11.24%	10%
Aggregate cumulative invested amount in existing portfolio companies					$ 226,300
Commitments from investors units | shares					18,034,649		18,034,649
Minimum
Commitments from investors units | shares					20,134,698		20,134,698
Common Stock
Number of units sold and issued | shares				10
Aggregate purchase price				$ 1
Commitments from investors			$ 2,013,470
Commitment obligation per unit | $ / shares			$ 100
Reduction in undrawn commitments | $ / shares	$ 10.43
Percentage of reduction of overall remaining available capital commitments	41.18%

Organization and Basis of Pre_4

Organization and Basis of Presentation - Schedule of Aggregate Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Common Unitholder, Commitments	$ 1,803,465	$ 1,803,465
Common Unitholder, Undrawn Commitments	$ 199,120
Common Unitholder, % of Commitments Funded	89%
Common Unitholder, Units	18,034,649		18,034,649

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details)	9 Months Ended
	Sep. 30, 2024	Jan. 01, 2024
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Basis points of aggregate capital commitments	0.10%
ASU 2022-03
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
Change in Accounting Principle, Accounting Standards Update, Adoption Date		Jan. 01, 2024
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]		true

Investment Valuations and Fai_3

Investment Valuations and Fair Value Measurements - Summary of Major Security Type of Fair Valuations (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	$ 790,610	$ 936,533
Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	203,892	276,377
Equity
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	109,201	96,037
Investment Funds & Vehicles
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	55,938	69,781
Short-Term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	418,769	491,966
Cash Equivalents
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	2,810	2,372
Fair Value, Inputs, Level 1
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	421,888	494,956
Fair Value, Inputs, Level 1 | Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 1 | Equity
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	309	618
Fair Value, Inputs, Level 1 | Investment Funds & Vehicles
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 1 | Short-Term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	418,769	491,966
Fair Value, Inputs, Level 1 | Cash Equivalents
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	2,810	2,372
Fair Value, Inputs, Level 2
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 2 | Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 2 | Equity
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 2 | Investment Funds & Vehicles
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 2 | Short-Term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 2 | Cash Equivalents
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 3
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	312,784	371,796
Fair Value, Inputs, Level 3 | Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	203,892	276,377
Fair Value, Inputs, Level 3 | Equity
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	108,892	95,419
Fair Value, Inputs, Level 3 | Investment Funds & Vehicles
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 3 | Short-Term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 3 | Cash Equivalents
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value Measured at Net Asset Value Per Share
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	55,938	69,781
Fair Value Measured at Net Asset Value Per Share | Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value Measured at Net Asset Value Per Share | Equity
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value Measured at Net Asset Value Per Share | Investment Funds & Vehicles
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	55,938	69,781
Fair Value Measured at Net Asset Value Per Share | Short-Term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value Measured at Net Asset Value Per Share | Cash Equivalents
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	$ 0	$ 0

Investment Valuations and Fai_4

Investment Valuations and Fair Value Measurements - Summary of Reconciliation of Balances for Total Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized Investment Gains (Losses)		Realized Investment Gains (Losses)	Realized Investment Gains (Losses)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Unrealized Gain (Loss) on Investments	Unrealized Gain (Loss) on Investments	Unrealized Gain (Loss) on Investments	Unrealized Gain (Loss) on Investments
Fair Value, Inputs, Level 3
Investment Valuations And Fair Value Measurements [Line Items]
Beginning Balance	$ 346,180	$ 403,793	$ 371,796	$ 429,387
Purchases, including payments received in-kind	111,439	4,075	128,343	16,987
Sales and paydowns of investments	(102,840)	(680)	(103,450)	(28,352)
Amortization of premium and accretion of discount, net	33	33	6	181
Net realized losses	(5,000)		(5,000)	(2,044)
Net change in unrealized appreciation/(depreciation)	(37,028)	(2,526)	(78,911)	(11,464)
Ending Balance	312,784	404,695	312,784	404,695
Change in net unrealized appreciation/(depreciation) in investments held	(36,980)	(2,527)	(78,863)	(10,903)
Debt | Fair Value, Inputs, Level 3
Investment Valuations And Fair Value Measurements [Line Items]
Beginning Balance	262,196	323,608	276,377	349,861
Purchases, including payments received in-kind	48,792	4,075	65,696	16,987
Sales and paydowns of investments	(102,840)	(680)	(103,450)	(28,352)
Amortization of premium and accretion of discount, net	33	33	6	181
Net realized losses	(5,000)		(5,000)	(1,928)
Net change in unrealized appreciation/(depreciation)	711	(9,164)	(29,737)	(18,877)
Ending Balance	203,892	317,872	203,892	317,872
Change in net unrealized appreciation/(depreciation) in investments held	759	(9,164)	(29,689)	(18,200)
Equity | Fair Value, Inputs, Level 3
Investment Valuations And Fair Value Measurements [Line Items]
Beginning Balance	83,984	80,185	95,419	79,526
Purchases, including payments received in-kind	62,647	0	62,647	0
Sales and paydowns of investments	0	0	0	0
Amortization of premium and accretion of discount, net	0	0	0	0
Net realized losses	0		0	(116)
Net change in unrealized appreciation/(depreciation)	(37,739)	6,638	(49,174)	7,413
Ending Balance	108,892	86,823	108,892	86,823
Change in net unrealized appreciation/(depreciation) in investments held	$ (37,739)	$ 6,637	$ (49,174)	$ 7,297

Investment Valuations and Fai_5

Investment Valuations and Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investment Valuations And Fair Value Measurements [Abstract]
Fair value assets liabilities transfer between levels	$ 0	$ 0	$ 0	$ 0

Investment Valuations and Fai_6

Investment Valuations and Fair Value Measurements - Summary of Valuation Techniques and Quantitative Information (Details) - Fair Value, Inputs, Level 3 $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt | Income Method | Discount Rate
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value	$ 43,080	$ 43,506
Debt | Income Method | Minimum | Discount Rate
Investment Valuations And Fair Value Measurements [Line Items]
Range	13.2	13.6
Debt | Income Method | Maximum | Discount Rate
Investment Valuations And Fair Value Measurements [Line Items]
Range	16.3	16.5
Debt | Income Method | Weighted Average | Discount Rate
Investment Valuations And Fair Value Measurements [Line Items]
Range	14.7	15.1
Debt | Market Method | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value		$ 126,124
Debt | Market Method | Revenue Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value	$ 132,912	$ 106,747
Debt | Market Method | Minimum | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range		5.8
Debt | Market Method | Minimum | Revenue Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	0.1	0.1
Debt | Market Method | Maximum | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range		9.5
Debt | Market Method | Maximum | Revenue Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	1.3	0.7
Debt | Market Method | Weighted Average | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	6.3
Debt | Market Method | Weighted Average | Revenue Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	0.7
Debt | Market Method | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value	$ 27,900
Debt | Market Method | Minimum | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	5.3
Debt | Market Method | Maximum | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	7
Equity | Market Method | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value	$ 57,164	$ 72,198
Equity | Market Method | Revenue Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value	$ 51,728	$ 23,221
Equity | Market Method | Minimum | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	5.3	5.8
Equity | Market Method | Minimum | Revenue Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	0.1	0.1
Equity | Market Method | Maximum | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	7	8.5
Equity | Market Method | Maximum | Revenue Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	1.3	0.7
Equity | Market Method | Weighted Average | EBITDA Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	6
Equity | Market Method | Weighted Average | Revenue Multiple
Investment Valuations And Fair Value Measurements [Line Items]
Range	0.8

Agreements and Related Party _2

Agreements and Related Party Transactions - Additional Information (Details)			3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 12, 2024	Sep. 15, 2014	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($)	Dec. 31, 2023
Related Party Transaction [Line Items]
Management fees			$ 911,000	$ 0	$ 2,673,000	$ 0
Investment Advisory and Management Agreement With Adviser
Related Party Transaction [Line Items]
Advisory agreement effective period		2 years
Advisory agreement additional effective period	1 year
Advisory agreement expiration date	Sep. 15, 2025
Percentage of management fee					0.375%		1.50%
Percentage of management fee on aggregate cost basis					0.1875%		0.75%
Management fees			911,000	970,000	$ 2,673,000	3,024,000
Incentive fee			$ 0	$ 0	$ 0	$ 0
Maximum percentage of aggregate commitment for organizational expenses and offering expenses					10%
Maximum percentage of commitment or assets computed annually for company expenses					12.50%
Capital commitment					$ 481,600,000
Percentage of preferred and common equity ownership					80%
Number of loans contribution | Loan			2		2
Second | Investment Advisory and Management Agreement With Adviser
Related Party Transaction [Line Items]
Percentage of internal rate of return on aggregate capital contribution					9%
Third | Investment Advisory and Management Agreement With Adviser
Related Party Transaction [Line Items]
Percentage of advisor incentive fee entitled					100%
Percentage of additional distributable paid to advisor incentive fee					20%
Thereafter | Investment Advisory and Management Agreement With Adviser
Related Party Transaction [Line Items]
Percentage of additional distributable paid to advisor incentive fee					20%
Percentage of remaining incentive fee					80%

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Unfunded Commitments and Unrealized Depreciation by Investment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loss Contingencies [Line Items]
Unfunded Commitments Amount	$ 14,525	$ 10,834
Unrealized Depreciation	$ 682	2,399
Overton Chicago Gear, LLC
Loss Contingencies [Line Items]
Maturity/Expiration	2028-01
Unfunded Commitments Amount	$ 7,268	0
Unrealized Depreciation	$ 0	0
Pace Industries, Inc.
Loss Contingencies [Line Items]
Maturity/Expiration	2025-06
Unfunded Commitments Amount	$ 2,336	3,671
Unrealized Depreciation	$ 682	158
Retail & Animal Intermediate, LLC
Loss Contingencies [Line Items]
Maturity/Expiration	2025-11
Unfunded Commitments Amount	$ 0	2,242
Unrealized Depreciation	$ 0	2,241
Ruby Tuesday Operations LLC
Loss Contingencies [Line Items]
Maturity/Expiration	2025-02
Unfunded Commitments Amount	$ 4,921	4,921
Unrealized Depreciation	$ 0	$ 0

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Sep. 30, 2024
Loss Contingencies [Line Items]
Unfunded Commitments Amount	$ 10,834	$ 14,525
Strategic Venture
Loss Contingencies [Line Items]
Total capital commitment investment	481,600
Unfunded Commitments Amount	$ 219,646	$ 219,646

Members Capital - Additional In

Members Capital - Additional Information (Detail) - USD ($)		3 Months Ended		9 Months Ended
	Jul. 11, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Deemed distributions		$ 0	$ 0	$ 0	$ 0
Deemed re-contributions		$ 0	$ 0	$ 0	$ 0
Reduction in undrawn commitments	$ 10.43
Percentage of reduction of overall remaining available capital commitments	41.18%

Members Capital - Summary of Co

Members Capital - Summary of Company Unit Activity (Details) - shares	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Units at beginning of period	18,034,649	18,034,649	18,034,649	18,034,649
Units issued and committed at end of period	18,034,649		18,034,649

Credit Facility - Additional In

Credit Facility - Additional Information (Details) - USD ($)	Apr. 05, 2024	Apr. 07, 2023	Jan. 10, 2023	Apr. 06, 2021	Apr. 06, 2020	Apr. 10, 2017	Apr. 09, 2017	Sep. 30, 2024	Dec. 31, 2023	Dec. 29, 2020	May 27, 2020
Line Of Credit Facility [Line Items]
Amounts outstanding under Credit Facility								$ 86,450,000	$ 77,050,000
Prepaid deferred financing costs yet to be amortized								324,000	122,000
Interest Rate Floor
Line Of Credit Facility [Line Items]
Interest rate				0%
SOFR
Line Of Credit Facility [Line Items]
Basis spread on variable rate			1.95%
Amended Credit Agreement
Line Of Credit Facility [Line Items]
Maximum commitment										$ 177,000,000	$ 400,000,000
Available Commitment								$ 65,550,000	$ 74,950,000
Third Amended Credit Agreement
Line Of Credit Facility [Line Items]
Maximum commitment		$ 152,000,000		$ 177,000,000
Maturity date		Apr. 05, 2024		Apr. 08, 2022
Maturity date to be extended upon satisfaction of certain conditions				364 days
Third Amended Credit Agreement | Eurodollar
Line Of Credit Facility [Line Items]
Basis spread on variable rate				1.95%
Third Amended Credit Agreement | Commercial Paper Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate				1.95%
Third Amended Credit Agreement | Base Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate				0.95%
Third Amended Credit Agreement | Base Rate | Minimum
Line Of Credit Facility [Line Items]
Basis spread on variable rate		0.95%
Third Amended Credit Agreement | Base Rate | Maximum
Line Of Credit Facility [Line Items]
Basis spread on variable rate		1.15%
Third Amended Credit Agreement | Adjusted Eurodollar Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate				1%
Third Amended Credit Agreement | Other Loan | Minimum
Line Of Credit Facility [Line Items]
Basis spread on variable rate		1.95%
Third Amended Credit Agreement | Other Loan | Maximum
Line Of Credit Facility [Line Items]
Basis spread on variable rate		2.15%
Sixth Amended Credit Agreement
Line Of Credit Facility [Line Items]
Extended maturity date	Apr. 04, 2025
Maturity date to be extended upon satisfaction of certain conditions	364 days
Sixth Amended Credit Agreement | Base Rate | Maximum
Line Of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Sixth Amended Credit Agreement | Other Loan | Maximum
Line Of Credit Facility [Line Items]
Basis spread on variable rate	2.50%
Natixis | Credit Agreement
Line Of Credit Facility [Line Items]
Maximum commitment							$ 750,000,000
Maturity date							Nov. 10, 2017
Natixis | Third Amended and Restated Revolving Credit Agreement
Line Of Credit Facility [Line Items]
Extended maturity date						Apr. 10, 2020
Natixis | Third Amended and Restated Revolving Credit Agreement | Eurodollar
Line Of Credit Facility [Line Items]
Basis spread on variable rate						2.35%
Natixis | Third Amended and Restated Revolving Credit Agreement | Commercial Paper Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate						2.35%
Natixis | Third Amended and Restated Revolving Credit Agreement | Federal Funds Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate						0.50%
Natixis | Third Amended and Restated Revolving Credit Agreement | Prime Rate and Floating LIBOR Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate						1%
Natixis | Third Amended and Restated Revolving Credit Agreement | Base Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate						1.35%
Natixis | Amended Credit Agreement
Line Of Credit Facility [Line Items]
Maximum commitment					$ 375,000,000
Maturity date					Apr. 09, 2021
Option to increase maximum borrowing capacity					$ 450,000,000
Maturity date to be extended upon satisfaction of certain conditions					364 days
Natixis | Amended Credit Agreement | Eurodollar
Line Of Credit Facility [Line Items]
Basis spread on variable rate					2.50%
Natixis | Amended Credit Agreement | Commercial Paper Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate					2.50%
Natixis | Amended Credit Agreement | Base Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate					1.50%
Natixis | Amended Credit Agreement | Adjusted Eurodollar Rate
Line Of Credit Facility [Line Items]
Basis spread on variable rate					1%
Natixis | Amended Credit Agreement | Commercial Paper Rate And Euro Currency Rate | Interest Rate Floor
Line Of Credit Facility [Line Items]
Interest rate					1%
Zions Bancorporation, N.A. | Amended Credit Agreement
Line Of Credit Facility [Line Items]
Maximum commitment											$ 25,000,000

Credit Facility - Summary Infor

Credit Facility - Summary Information Regarding Credit Facility (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Disclosure [Abstract]
Credit Facilities interest expense	$ 1,692	$ 1,636	$ 4,721	$ 5,609
Undrawn commitment fees	68	67	223	168
Administrative fees	17	16	33	49
Amortization of deferred financing costs	191	116	455	426
Total	$ 1,968	$ 1,835	$ 5,432	$ 6,252
Weighted average interest rate	7.83%	7.54%	7.75%	7.04%
Average outstanding balance	$ 84,592	$ 84,946	$ 80,053	$ 105,012

Repurchase Transactions - Addit

Repurchase Transactions - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disclosure of Repurchase Agreements [Abstract]
Repurchase obligation outstanding	0		0		0
Interest expense on repurchase transactions	$ 1,617	$ 1,341	$ 5,051	$ 4,219

Income Taxes - Schedule of Aggr

Income Taxes - Schedule of Aggregate Investment Unrealized Appreciation and Depreciation for Federal Income Tax Purposes (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Cost of investments for federal income tax purposes	$ 906,390	$ 983,943
Unrealized appreciation	54,217	76,582
Unrealized depreciation	(170,680)	(123,992)
Net unrealized depreciation on investments	$ (116,463)	$ (47,410)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Income Tax [Line Items]
Unrecognized tax benefits		$ 0
Accrued interest or penalties		$ 0
U.S. federal
Income Tax [Line Items]
Examination regarding return filed	3 years
State
Income Tax [Line Items]
Examination regarding return filed	4 years

Unconsolidated Significant Su_3

Unconsolidated Significant Subsidiaries - Summarized Income Statement Information (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Schedule of Equity Method Investments [Line Items]
Net income		$ (75,310)	$ 19,836
Precision Products Machining Group, LLC (fka H-D Advanced Manufacturing Company)
Schedule of Equity Method Investments [Line Items]
Total revenue	$ 7,880
Net income	$ 1,027

Financial Highlights - Schedule

Financial Highlights - Schedule of Net Asset Value Per Unit and Reflects all Units Issued and Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Dec. 31, 2023
Investment Company [Abstract]
Net Asset Value Per Unit (accrual base), Beginning of Period	$ 31.38	[1]	$ 32.84
Income from Investment Operations:
Net investment income	0.81		1.62
Net realized and unrealized loss	(4.99)		(0.52)
Total (loss) income from investment operations	(4.18)		1.1
Less Distributions:
From net investment income	(0.36)		(0.55)
Return of capital			(0.22)
Total distributions	(0.36)		(0.77)
Net Asset Value Per Unit (accrual base), End of Period	$ 26.84	[1]	$ 33.17
Common Unitholder Total Return	(23.63%)		6.19%
Common Unitholder IRR	7.27%		8.41%
Ratios and Supplemental Data
Members' Capital, end of period	$ 284,929		$ 399,051	$ 366,739
Units outstanding, end of period	18,034,649		18,034,649
Ratios based on average net assets of Members’ Capital:
Ratio of total expenses to average net assets	5.51%		3.99%
Expenses waived by Investment Adviser	(0.77%)		0%
Ratio of net expenses to average net assets	4.74%		3.99%
Ratio of financing cost to average net assets	1.56%		1.58%
Ratio of net investment income to average net assets	5.59%		9.91%
Credit facility payable	$ 86,450		$ 82,050	$ 77,050
Asset coverage ratio	4.30%		5.86%
Portfolio turnover rate	2.15%		1.15%
[1] Net Asset Value Per Unit (accrual base) equates to the aggregate of the Total Members' Capital and Common Unitholders' undrawn commitment divided by total Common units outstanding.

Financial Highlights - Schedu_2

Financial Highlights - Schedule of Net Asset Value Per Unit and Reflects all Units Issued and Outstanding (Parenthetical) (Details)	9 Months Ended
	Sep. 30, 2024
Investment Company [Abstract]
Ratio of internal rate of return for common unitholders	7.27%

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event $ in Thousands	Oct. 01, 2024 USD ($)
Subsequent Event [Line Items]
Repurchase agreement date	Oct. 01, 2024
Repurchase agreement, date of repurchase	Oct. 25, 2024
Repurchase agreement, amount of transaction	$ 418,625