N Middle Market Lending 10-Q 9 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 09, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Registrant Name	TCW STAR DIRECT LENDING LLC
Entity Central Index Key	0001916608
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,753,190
Entity File Number	000-56404
Entity Tax Identification Number	88-1126955
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 Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

Consolidated Schedule of Invest

Consolidated Schedule of Investments - USD ($)		6 Months Ended	12 Months Ended
		Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2023
Investment, Identifier [Axis]: Cash Equivalents First American Government Obligation Fund Yield 4.06% Net Assets 57%
Percentage of Investments			57%
Amortized Cost			$ 12,850,678
Fair Value			$ 12,850,678
Shares			12,850,678
Investment, Identifier [Axis]: Cash Equivalents First American Government Obligation Fund, Yield 5.10% Net Assets 8.6%
Percentage of Investments				8.60%
Amortized Cost				$ 5,858,270
Fair Value				$ 5,858,270
Shares				5,858,270
Investment, Identifier [Axis]: Debt Investment 121.3%
Percentage of Investments	[1],[2]			121.30%
Amortized Cost	[1],[2]	$ 82,188,702,000
Fair Value	[1],[2]			$ 82,691,082
Investment, Identifier [Axis]: Debt Investment 45.0%
Percentage of Investments	[3],[4]		45%
Amortized Cost	[3],[4]		$ 10,151,194
Fair Value	[3],[4]		$ 10,150,263
Investment, Identifier [Axis]: Debt Investment Capital Goods % of Net Assets - 7.2 %
Percentage of Investments		7.20%
Amortized Cost		$ 4,822,811,000
Fair Value		$ 4,876,434,000
Investment, Identifier [Axis]: Debt Investment Capital Goods Sunland Asphalt & Construction, LLC Acquisition Date - 06/16/23 Investment Term Loan B - 13.19% inc PIK (SOFR + 7.88%, 1.75% Floor, 0.50% PIK) % of Net Assets - 7.2 % Maturity Date - 06/16/28
Acquisition Date	[1],[5]	Jun. 16, 2023
Investment Interest Rate	[1],[5]	13.19%
Investment Variable Interest Rate	[1],[5]	7.88%
Investment, Interest Rate, Floor	[1],[5]	1.75%
Investment Interest Rate, PIK	[1],[5]	0.50%
Percentage of Investments	[1],[5]	7.20%
Par Amount	[1],[5]	$ 5,007,634,000
Maturity Date	[1],[5]	Jun. 16, 2028
Amortized Cost	[1],[5]	$ 4,822,811,000
Fair Value	[1],[5]	$ 4,876,434,000
Investment, Identifier [Axis]: Debt Investment Construction & Engineering % of Net Assets - 6.3 %
Percentage of Investments	[1]	6.30%
Amortized Cost	[1]	$ 4,250,187,000
Fair Value	[1]	$ 4,278,756,000
Investment, Identifier [Axis]: Debt Investment Construction & Engineering Propulsion Acquisition, LLC Acquisition Date - 05/22/23 Investment Term Loan - 11.99% (SOFR + 6.50%, 1.50% Floor) % of Net Assets - 6.3 % Maturity Date - 07/31/26
Acquisition Date	[1]	May 22, 2023
Investment Interest Rate	[1]	11.99%
Investment Variable Interest Rate	[1]	6.50%
Investment, Interest Rate, Floor	[1]	1.50%
Percentage of Investments	[1]	6.30%
Par Amount	[1]	$ 4,291,631,000
Maturity Date	[1]	Jul. 31, 2026
Amortized Cost	[1]	$ 4,250,187,000
Fair Value	[1]	$ 4,278,756,000
Investment, Identifier [Axis]: Debt Investment Consumer Services % of Net Assets - 9.4 %
Percentage of Investments	[1]	9.40%
Amortized Cost	[1]	$ 6,350,937,000
Fair Value	[1]	$ 6,437,079,000
Investment, Identifier [Axis]: Debt Investment Consumer Services Five Star Buyer, Inc. Acquisition Date - 05/11/23 Investment Delayed Draw Term Loan - 12.19% (SOFR + 7.00%, 1.50% Floor) % of Net Assets - 0.3 % Maturity Date - 02/23/28
Acquisition Date	[1]	May 11, 2023
Investment Interest Rate	[1]	12.19%
Investment Variable Interest Rate	[1]	7%
Investment, Interest Rate, Floor	[1]	1.50%
Percentage of Investments	[1]	0.30%
Par Amount	[1]	$ 227,450,000
Maturity Date	[1]	Feb. 23, 2028
Amortized Cost	[1]	$ 227,450,000
Fair Value	[1]	$ 221,968,000
Investment, Identifier [Axis]: Debt Investment Consumer Services Five Star Buyer, Inc. Acquisition Date - 05/11/23 Investment Term Loan - 12.25% (SOFR + 7.00%, 1.50% Floor) % of Net Assets - 9.1 % Maturity Date - 02/23/28
Acquisition Date	[1]	May 11, 2023
Investment Interest Rate	[1]	12.25%
Investment Variable Interest Rate	[1]	7%
Investment, Interest Rate, Floor	[1]	1.50%
Percentage of Investments	[1]	9.10%
Par Amount	[1]	$ 6,368,595,000
Maturity Date	[1]	Feb. 23, 2028
Amortized Cost	[1]	$ 6,123,487,000
Fair Value	[1]	$ 6,215,111,000
Investment, Identifier [Axis]: Debt Investment Data Processing & Outsourced Services % of Net Assets - 14.7%
Percentage of Investments	[1]	14.70%
Amortized Cost	[1]	$ 10,064,851,000
Fair Value	[1]	$ 9,987,550,000
Investment, Identifier [Axis]: Debt Investment Data Processing & Outsourced Services Alorica Inc. Acquisition Date - 12/21/2022 Investment Term Loan - 11.98% (SOFR + 6.88%, 1.50% Floor) % of Net Assets - 14.7% Maturity Date - 12/21/2027
Acquisition Date	[1]	Dec. 21, 2022
Investment Interest Rate	[1]	11.98%
Investment Variable Interest Rate	[1]	6.88%
Investment, Interest Rate, Floor	[1]	1.50%
Percentage of Investments	[1]	14.70%
Par Amount	[1]	$ 10,201,787,000
Maturity Date	[1]	Dec. 21, 2027
Amortized Cost	[1]	$ 10,064,851,000
Fair Value	[1]	$ 9,987,550,000
Investment, Identifier [Axis]: Debt Investment Data Processing And Outsourced Services 45.0%
Percentage of Investments	[3]		45%
Amortized Cost	[3]		$ 10,151,194
Fair Value	[3]		$ 10,150,263
Investment, Identifier [Axis]: Debt Investment Date Processing And Outsourced Services Acquisition Date - 12/21/22 Term Loan 11.57% (SOFR+6.88% 1.50% Floor) Maturity Date 12/21/27
Acquisition Date	[3]		Dec. 21, 2022
Investment Interest Rate	[3]		11.57%
Investment Variable Interest Rate	[3]		6.88%
Investment, Interest Rate, Floor	[3]		1.50%
Percentage of Investments	[3]		45%
Par Amount	[3]		$ 10,304,836
Maturity Date	[3]		Dec. 21, 2027
Amortized Cost	[3]		$ 10,151,194
Fair Value	[3]		10,150,263
Investment, Identifier [Axis]: Debt Investment Diversified Support Services % of Net Assets - 12.2%
Percentage of Investments	[1]	12.20%
Amortized Cost	[1]	$ 8,299,037,000
Fair Value	[1]	$ 8,339,538,000
Investment, Identifier [Axis]: Debt Investment Diversified Support Services CSAT Holdings, LLC Acquisition Date - 06/30/23 Investment Term Loan - 11.57% (SOFR + 6.88%, 1.50% Floor)Term Loan - 13.00% (SOFR + 7.50%, 2.00% Floor) % of Net Assets - 12.2% Maturity Date - 06/30/28
Acquisition Date	[1],[5]	Jun. 30, 2023
Investment Interest Rate	[1],[5]	13%
Investment Variable Interest Rate	[1],[5]	7.50%
Investment, Interest Rate, Floor	[1],[5]	2%
Percentage of Investments	[1],[5]	12.20%
Par Amount	[1],[5]	$ 8,597,462,000
Maturity Date	[1],[5]	Jun. 30, 2028
Amortized Cost	[1],[5]	$ 8,299,037,000
Fair Value	[1],[5]	$ 8,339,538,000
Investment, Identifier [Axis]: Debt Investment Food Products % of Net Assets - 25.3%
Percentage of Investments	[1]	25.30%
Amortized Cost	[1]	$ 17,044,538,000
Fair Value	[1]	$ 17,230,264,000
Investment, Identifier [Axis]: Debt Investment Food Products Del Real, LLC Acquisition Date - 3/28/2023 Investment Term Loan - 13.89% inc PIK (SOFR + 8.50%, 2.00% Floor, 1.50% PIK) % of Net Assets - 10.8% Maturity Date - 03/28/28
Acquisition Date	[1]	Mar. 28, 2023
Investment Interest Rate	[1]	13.89%
Investment Variable Interest Rate	[1]	8.50%
Investment, Interest Rate, Floor	[1]	2%
Investment Interest Rate, PIK	[1]	1.50%
Percentage of Investments	[1]	10.80%
Par Amount	[1]	$ 7,440,509,000
Maturity Date	[1]	Mar. 28, 2028
Amortized Cost	[1]	$ 7,198,732,000
Fair Value	[1]	$ 7,343,783,000
Investment, Identifier [Axis]: Debt Investment Food Products Signature Brands, LLC Acquisition Date - 05/05/23 Investment Term Loan - 13.32% inc PIK (SOFR + 8.00%, 1.75% Floor, 1.00% PIK) % of Net Assets - 14.5% Maturity Date - 05/04/28
Acquisition Date	[1]	May 05, 2023
Investment Interest Rate	[1]	13.32%
Investment Variable Interest Rate	[1]	8%
Investment, Interest Rate, Floor	[1]	1.75%
Investment Interest Rate, PIK	[1]	1%
Percentage of Investments	[1]	14.50%
Par Amount	[1]	$ 10,077,962,000
Maturity Date	[1]	May 04, 2028
Amortized Cost	[1]	$ 9,845,806,000
Fair Value	[1]	9,886,481,000
Investment, Identifier [Axis]: Debt Investment Machinery % of Net Assets - 10.0%
Percentage of Investments	[1]			10%
Amortized Cost	[1]	$ 6,798,324,000
Investment, Identifier [Axis]: Debt Investment Machinery Mark Andy, Inc. Acquisition Date - 06/16/23 Investment Term Loan - 12.87% (SOFR + 7.50%, 1.50% Floor) % of Net Assets - 10.0% Maturity Date - 06/16/28
Acquisition Date	[1],[5]	Jun. 16, 2023
Investment Interest Rate	[1],[5]	12.87%
Investment Variable Interest Rate	[1],[5]	7.50%
Investment, Interest Rate, Floor	[1],[5]	1.50%
Percentage of Investments	[1],[5]	10%
Par Amount	[1],[5]	$ 6,971,173,000
Maturity Date	[1],[5]	Jun. 16, 2028
Amortized Cost	[1],[5]	$ 6,798,324,000
Fair Value	[1],[5]	$ 6,796,894,000
Investment, Identifier [Axis]: Debt Investment Marine Transportation % of Net Assets - 14.7%
Percentage of Investments	[1]	14.70%
Amortized Cost	[1]	$ 9,958,531,000
Fair Value	[1]	$ 10,045,204,000
Investment, Identifier [Axis]: Debt Investment Marine Transportation Florida Marine Transporters, LLC Acquisition Date - 03/17/23 Investment Term Loan B - 15.49% (SOFR + 10.28%, 2.00% Floor) % of Net Assets - 14.7% Maturity Date - 03/17/28
Acquisition Date	[1]	Mar. 17, 2023
Investment Interest Rate	[1]			15.49%
Investment Variable Interest Rate	[1]			10.28%
Investment, Interest Rate, Floor	[1]			2%
Percentage of Investments	[1]			14.70%
Par Amount	[1]			$ 10,229,332
Maturity Date	[1]			Mar. 17, 2028
Amortized Cost	[1]	$ 9,958,531,000
Fair Value	[1]	$ 10,045,204,000
Investment, Identifier [Axis]: Debt Investment Materials % of Net Assets - 14.0%
Fair Value	[1]			$ 6,796,894
Investment, Identifier [Axis]: Debt Investment Materials % of Net Assets - 9.9%
Percentage of Investments	[1]	9.90%
Amortized Cost	[1]	$ 6,717,090,000
Fair Value	[1]	$ 6,771,064,000
Investment, Identifier [Axis]: Debt Investment Materials Hoffmaster Group, Inc. Acquisition Date - 02/24/23 Investment Revolver - 12.67% (SOFR + 7.50%, 2.00% Floor) % of Net Assets - 0.2% Maturity Date - 02/24/28
Acquisition Date	[1]	Feb. 24, 2023
Investment Interest Rate	[1]			12.67%
Investment Variable Interest Rate	[1]			7.50%
Investment, Interest Rate, Floor	[1]			2%
Percentage of Investments	[1]			0.20%
Par Amount	[1]			$ 153,562
Maturity Date	[1]			Feb. 24, 2028
Amortized Cost	[1]	$ 153,562,000
Fair Value	[1]			$ 153,255
Investment, Identifier [Axis]: Debt Investment Materials Hoffmaster Group, Inc. Acquisition Date - 02/24/23 Investment Term Loan - 12.78% (SOFR + 7.50%, 2.00% Floor) % of Net Assets - 9.7% Maturity Date - 02/24/28
Acquisition Date	[1]	Feb. 24, 2023
Investment Interest Rate	[1]			12.78%
Investment Variable Interest Rate	[1]			7.50%
Investment, Interest Rate, Floor	[1]			2%
Percentage of Investments	[1]			9.70%
Par Amount	[1]			$ 6,631,072
Maturity Date	[1]			Feb. 24, 2028
Amortized Cost	[1]	$ 6,563,528,000
Fair Value	[1]			$ 6,617,809
Investment, Identifier [Axis]: Debt Investment Packaged Foods and Meats % of Net Assets - 11.6%
Percentage of Investments	[1]			11.60%
Amortized Cost	[1]	$ 7,882,396,000
Fair Value	[1]			$ 7,928,299
Investment, Identifier [Axis]: Debt Investment Packaged Foods and Meats Baxters North America, Inc. Acquisition Date - 05/31/23 Investment Term Loan - 12.26% (SOFR + 7.00%, 1.75% Floor) % of Net Assets - 11.6% Maturity Date - 05/31/28
Acquisition Date	[1]	May 31, 2023
Investment Interest Rate	[1]	12.26%
Investment Variable Interest Rate	[1]	7%
Investment, Interest Rate, Floor	[1]	1.75%
Percentage of Investments	[1]	11.60%
Par Amount	[1]	$ 8,093,405,000
Maturity Date	[1]	May 31, 2028
Amortized Cost	[1]	$ 7,882,396,000
Fair Value	[1]	7,928,299,000
Investment, Identifier [Axis]: Liabilities in Excess of Other Assets (110.8%)
Liabilities in Excess of Other Assets			(24,999,862)
Investment, Identifier [Axis]: Liabilities in Excess of Other Assets (116.2%)
Liabilities in Excess of Other Assets				(79,173,674)
Investment, Identifier [Axis]: Net Assets (100.0%)
Net Assets			22,563,579	68,134,700
Investment, Identifier [Axis]: Net unrealized depreciation on unfunded commitments (0.2%)
Net unrealized depreciation on unfunded commitments				$ 167,828
Investment, Identifier [Axis]: Net unrealized depreciation on unfunded commitments (0.4%)
Net unrealized depreciation on unfunded commitments			$ 0
Investment, Identifier [Axis]: Short-term Investments U.S. Treasury Bill, Yield 5.05% Net Assets 86.5%
Percentage of Investments				86.50%
Amortized Cost				$ 58,926,850
Fair Value				$ 58,926,850
Shares				60,000,000
Investment, Identifier [Axis]: Total Cash Equivalents Net Assets 57%
Percentage of Investments			57%
Amortized Cost			$ 12,850,678
Fair Value			$ 12,850,678
Shares			12,850,678
Investment, Identifier [Axis]: Total Cash Equivalents Net Assets 8.6%
Percentage of Investments				8.60%
Amortized Cost				$ 5,858,270
Fair Value				$ 5,858,270
Shares				5,858,270
Investment, Identifier [Axis]: Total Investments (210.8%)
Percentage of Investments			210.80%
Amortized Cost			$ 47,564,372
Fair Value			$ 47,563,441
Investment, Identifier [Axis]: Total Investments (216.4%)
Percentage of Investments				(216.40%)
Amortized Cost		$ 146,973,822,000
Fair Value				$ 147,476,202
Investment, Identifier [Axis]: Total Short Term Investments Net Assets 108.9%
Percentage of Investments			108.90%
Amortized Cost			$ 24,562,500
Fair Value			$ 24,562,500
Shares			25,000,000
Investment, Identifier [Axis]: Total Short-term Investments Net Assets 86.5%
Percentage of Investments				86.50%
Amortized Cost				$ 58,926,850
Fair Value				$ 58,926,850
Shares				60,000,000
Investment, Identifier [Axis]: US. Treasury Bill Yield 4.53% Net Assets 108.9%
Percentage of Investments			108.90%
Amortized Cost			$ 24,562,500
Fair Value			$ 24,562,500
Shares			25,000,000
[1] Certain debt investments are subject to contractual restrictions on resale, such as approval of the agent or borrower. The fair value of each debt 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.” Certain debt investments are subject to contractual restrictions on resale, such as approval of the agent or borrower. The fair value of each debt 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.” A portion of such investment is used as collateral for the Company's secured borrowing. See Note 7.

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (Parenthetical)		Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Investment, Identifier [Axis]: Cash Equivalents First American Government Obligation Fund Yield 4.06% Net Assets 57%
Percentage of yield on investment				4.06%
Percentage of Investments				57%
Investment, Identifier [Axis]: Cash Equivalents First American Government Obligation Fund, Yield 5.10% Net Assets 8.6%
Percentage of yield on investment			5.10%
Percentage of Investments			8.60%
Investment, Identifier [Axis]: Debt Investment 121.3%
Percentage of Investments	[1],[2]		121.30%
Investment, Identifier [Axis]: Debt Investment 45.0%
Percentage of Investments	[3],[4]			45%
Investment, Identifier [Axis]: Debt Investment Capital Goods % of Net Assets - 7.2 %
Percentage of Investments		7.20%
Investment, Identifier [Axis]: Debt Investment Capital Goods Sunland Asphalt & Construction, LLC Acquisition Date - 06/16/23 Investment Term Loan B - 13.19% inc PIK (SOFR + 7.88%, 1.75% Floor, 0.50% PIK) % of Net Assets - 7.2 % Maturity Date - 06/16/28
Percentage of Investments	[1],[5]	7.20%
Investment, Identifier [Axis]: Debt Investment Construction & Engineering % of Net Assets - 6.3 %
Percentage of Investments	[1]	6.30%
Investment, Identifier [Axis]: Debt Investment Construction & Engineering Propulsion Acquisition, LLC Acquisition Date - 05/22/23 Investment Term Loan - 11.99% (SOFR + 6.50%, 1.50% Floor) % of Net Assets - 6.3 % Maturity Date - 07/31/26
Percentage of Investments	[1]	6.30%
Investment, Identifier [Axis]: Debt Investment Consumer Services % of Net Assets - 9.4 %
Percentage of Investments	[1]	9.40%
Investment, Identifier [Axis]: Debt Investment Consumer Services Five Star Buyer, Inc. Acquisition Date - 05/11/23 Investment Delayed Draw Term Loan - 12.19% (SOFR + 7.00%, 1.50% Floor) % of Net Assets - 0.3 % Maturity Date - 02/23/28
Percentage of Investments	[1]	0.30%
Investment, Identifier [Axis]: Debt Investment Consumer Services Five Star Buyer, Inc. Acquisition Date - 05/11/23 Investment Term Loan - 12.25% (SOFR + 7.00%, 1.50% Floor) % of Net Assets - 9.1 % Maturity Date - 02/23/28
Percentage of Investments	[1]	9.10%
Investment, Identifier [Axis]: Debt Investment Data Processing & Outsourced Services % of Net Assets - 14.7%
Percentage of Investments	[1]	14.70%
Investment, Identifier [Axis]: Debt Investment Data Processing & Outsourced Services Alorica Inc. Acquisition Date - 12/21/2022 Investment Term Loan - 11.98% (SOFR + 6.88%, 1.50% Floor) % of Net Assets - 14.7% Maturity Date - 12/21/2027
Percentage of Investments	[1]	14.70%
Investment, Identifier [Axis]: Debt Investment Data Processing And Outsourced Services 45.0%
Percentage of Investments	[3]			45%
Investment, Identifier [Axis]: Debt Investment Date Processing And Outsourced Services Acquisition Date - 12/21/22 Term Loan 11.57% (SOFR+6.88% 1.50% Floor) Maturity Date 12/21/27
Percentage of Investments	[3]			45%
Investment, Identifier [Axis]: Debt Investment Diversified Support Services % of Net Assets - 12.2%
Percentage of Investments	[1]	12.20%
Investment, Identifier [Axis]: Debt Investment Diversified Support Services CSAT Holdings, LLC Acquisition Date - 06/30/23 Investment Term Loan - 11.57% (SOFR + 6.88%, 1.50% Floor)Term Loan - 13.00% (SOFR + 7.50%, 2.00% Floor) % of Net Assets - 12.2% Maturity Date - 06/30/28
Percentage of Investments	[1],[5]	12.20%
Investment, Identifier [Axis]: Debt Investment Food Products % of Net Assets - 25.3%
Percentage of Investments	[1]	25.30%
Investment, Identifier [Axis]: Debt Investment Food Products Del Real, LLC Acquisition Date - 3/28/2023 Investment Term Loan - 13.89% inc PIK (SOFR + 8.50%, 2.00% Floor, 1.50% PIK) % of Net Assets - 10.8% Maturity Date - 03/28/28
Percentage of Investments	[1]	10.80%
Investment, Identifier [Axis]: Debt Investment Food Products Signature Brands, LLC Acquisition Date - 05/05/23 Investment Term Loan - 13.32% inc PIK (SOFR + 8.00%, 1.75% Floor, 1.00% PIK) % of Net Assets - 14.5% Maturity Date - 05/04/28
Percentage of Investments	[1]	14.50%
Investment, Identifier [Axis]: Debt Investment Machinery % of Net Assets - 10.0%
Percentage of Investments	[1]		10%
Investment, Identifier [Axis]: Debt Investment Machinery Mark Andy, Inc. Acquisition Date - 06/16/23 Investment Term Loan - 12.87% (SOFR + 7.50%, 1.50% Floor) % of Net Assets - 10.0% Maturity Date - 06/16/28
Percentage of Investments	[1],[5]	10%
Investment, Identifier [Axis]: Debt Investment Marine Transportation % of Net Assets - 14.7%
Percentage of Investments	[1]	14.70%
Investment, Identifier [Axis]: Debt Investment Marine Transportation Florida Marine Transporters, LLC Acquisition Date - 03/17/23 Investment Term Loan B - 15.49% (SOFR + 10.28%, 2.00% Floor) % of Net Assets - 14.7% Maturity Date - 03/17/28
Percentage of Investments	[1]		14.70%
Investment, Identifier [Axis]: Debt Investment Materials % of Net Assets - 9.9%
Percentage of Investments	[1]	9.90%
Investment, Identifier [Axis]: Debt Investment Materials Hoffmaster Group, Inc. Acquisition Date - 02/24/23 Investment Revolver - 12.67% (SOFR + 7.50%, 2.00% Floor) % of Net Assets - 0.2% Maturity Date - 02/24/28
Percentage of Investments	[1]		0.20%
Investment, Identifier [Axis]: Debt Investment Materials Hoffmaster Group, Inc. Acquisition Date - 02/24/23 Investment Term Loan - 12.78% (SOFR + 7.50%, 2.00% Floor) % of Net Assets - 9.7% Maturity Date - 02/24/28
Percentage of Investments	[1]		9.70%
Investment, Identifier [Axis]: Debt Investment Packaged Foods and Meats % of Net Assets - 11.6%
Percentage of Investments	[1]		11.60%
Investment, Identifier [Axis]: Debt Investment Packaged Foods and Meats Baxters North America, Inc. Acquisition Date - 05/31/23 Investment Term Loan - 12.26% (SOFR + 7.00%, 1.75% Floor) % of Net Assets - 11.6% Maturity Date - 05/31/28
Percentage of Investments	[1]	11.60%
Investment, Identifier [Axis]: Liabilities in Excess of Other Assets (110.8%)
Percentage of liabilities in excess of other assets				110.80%
Investment, Identifier [Axis]: Liabilities in Excess of Other Assets (116.2%)
Percentage of liabilities in excess of other assets			(116.20%)
Investment, Identifier [Axis]: Net Assets (100.0%)
Net assets percentage of net assets			100%	100%
Investment, Identifier [Axis]: Net unrealized depreciation on unfunded commitments (0.2%)
Percentage of unrealized depreciation on unfunded commitments			(0.20%)
Investment, Identifier [Axis]: Net unrealized depreciation on unfunded commitments (0.4%)
Percentage of unrealized depreciation on unfunded commitments				0%
Investment, Identifier [Axis]: Short-term Investments U.S. Treasury Bill, Yield 5.05% Net Assets 86.5%
Percentage of yield on investment			5.05%
Percentage of Investments			86.50%
Investment, Identifier [Axis]: Total Cash Equivalents Net Assets 57%
Percentage of Investments				57%
Investment, Identifier [Axis]: Total Cash Equivalents Net Assets 8.6%
Percentage of Investments			8.60%
Investment, Identifier [Axis]: Total Investments (210.8%)
Percentage of Investments				210.80%
Investment, Identifier [Axis]: Total Investments (216.4%)
Percentage of Investments			(216.40%)
Investment, Identifier [Axis]: Total Short Term Investments Net Assets 108.9%
Percentage of Investments				108.90%
Investment, Identifier [Axis]: Total Short-term Investments Net Assets 86.5%
Percentage of Investments			86.50%
Investment, Identifier [Axis]: US. Treasury Bill Yield 4.53% Net Assets 108.9%
Percentage of yield on investment				4.53%
Percentage of Investments				108.90%
[1] Certain debt investments are subject to contractual restrictions on resale, such as approval of the agent or borrower. The fair value of each debt 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.” Certain debt investments are subject to contractual restrictions on resale, such as approval of the agent or borrower. The fair value of each debt 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.” A portion of such investment is used as collateral for the Company's secured borrowing. See Note 7.

Consolidated Schedule of Inve_3

Consolidated Schedule of Investments (Parenthetical 1) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Aggregate acquisitions of investments	$ 74,897,317	$ 10,150,263
Aggregate dispositions of investments	$ 2,958,792	$ 0
United States
Percentage of portfolio breakdown on investment	100%	100%

Statements of Assets and Liabil

Statements of Assets and Liabilities - USD ($) $ in Thousands		Jun. 30, 2023		Dec. 31, 2022
Assets
Non-controlled/non-affiliated investments (amortized cost of $82,189 and $10,151, respectively)		$ 82,691		$ 10,150
Cash and cash equivalents		6,296		12,880
Short-term investments		58,927		24,563
Interest income receivable		250		7
Total Assets		148,164		47,600
Liabilities
Payable for short-term investments purchased		58,927		24,563
Repurchase obligations		19,916		0
Management fee payable		188		4
Organizational costs payable to related party		147		147
Unrealized depreciation on unfunded commitments		168		0
Directors' fees payable to related party		134		134
Other liabilities payable to related party		96		41
Offerings costs payable to related party		5		5
Other accrued expenses and other liabilities		448		142
Total Liabilities		80,029		25,036
Commitments and Contingencies (Note 5)
Members’ Capital
Common Unitholders' commitment: (3,753,190 units issued and outstanding)		375,319		375,319
Common Unitholders' undrawn commitment: (3,753,190 units issued and outstanding)		(308,319)		(352,319)
Common Unitholders' offering costs		(5)		(5)
Accumulated Common Unitholders' tax reclassification		(287)		(287)
Common Unitholders’ capital		66,708		22,708
Accumulated earnings (losses)		1,427		(144)
Total Members’ Capital		68,135	[1]	22,564
Total Liabilities and Members’ Capital		$ 148,164		$ 47,600
Net Asset Value Per Unit (accrual base) (Note 9)	[1]	$ 100.30		$ 99.88
[1] Per unit data was calculated using the number of Units issued and outstanding as of June 30, 2023 .

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Common unitholder's commitment units issued	3,753,190	3,753,190
Common unitholder's commitment units outstanding	3,753,190	3,753,190
Common unitholder's undrawn commitment units issued	3,753,190	3,753,190
Common unitholder's undrawn commitment units outstanding	3,753,190	3,753,190
Non-controlled/Non-affiliated Investments
Amortized Cost	$ 82,189	$ 10,151

Statement of Operations (Unaudi

Statement of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Interest income paid-in-kind		$ 38
Total investment income	$ 1,933	2,505
Interest expense on repurchase transactions	417	521
Management fees	188	254
Administrative fees	119	239
Directors’ fees	83	145
Professional fees	66	132
Insurance expense	51	103
Other expenses	12	21
Total expenses	936	1,415
Net investment income	997	1,090
Net realized gain on investments		3
Net realized gain on short-term investments	96	143
Net realized and unrealized gain on investments	468	481
Net increase in Members' Capital from operations	$ 1,465	$ 1,571
Basic and diluted:
Income per unit, Basic	$ 0.39	$ 0.42
Income per unit, Diluted	$ 0.39	$ 0.42
Non-controlled/non-affiliated investments
Interest income	$ 1,895	$ 2,467
Interest income paid-in-kind	38	38
Net realized gain on investments	3	3
Net change in unrealized appreciation/depreciation	$ 369	$ 335

Statements of Changes in Member

Statements of Changes in Members' Capital (Unaudited) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2023		Mar. 31, 2023	Jun. 30, 2023
Members' Capital, Beginning Balance	$ 47,670		$ 22,564	$ 22,564
Net Increase (Decrease) in Members' Capital Resulting from Operations:
Net investment income	997		93	1,090
Net realized gain on investments	99		47
Net change in unrealized appreciation/(depreciation) on investments	369		(34)
Net Increase in Members' Capital Resulting from Capital Activity:
Contributions	19,000		25,000
Total Increase in Members' Capital	20,465		25,106
Members' Capital, Ending Balance	68,135	[1]	47,670	68,135	[1]
Common Unitholders’ Capital
Members' Capital, Beginning Balance	47,708		22,708	22,708
Net Increase (Decrease) in Members' Capital Resulting from Operations:
Net investment income	0		0
Net realized gain on investments	0		0
Net change in unrealized appreciation/(depreciation) on investments	0		0
Net Increase in Members' Capital Resulting from Capital Activity:
Contributions	19,000		25,000
Total Increase in Members' Capital	19,000		25,000
Members' Capital, Ending Balance	66,708		47,708	66,708
Accumulated Earnings (Losses)
Members' Capital, Beginning Balance	(38)		(144)	(144)
Net Increase (Decrease) in Members' Capital Resulting from Operations:
Net investment income	997		93
Net realized gain on investments	99		47
Net change in unrealized appreciation/(depreciation) on investments	369		(34)
Net Increase in Members' Capital Resulting from Capital Activity:
Contributions	0		0
Total Increase in Members' Capital	1,465		106
Members' Capital, Ending Balance	$ 1,427		$ (38)	$ 1,427
[1] Per unit data was calculated using the number of Units issued and outstanding as of June 30, 2023 .

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Cash Flows from Operating Activities
Net increase in net assets resulting from operations	$ 1,571
Adjustments to reconcile the net decrease in net assets resulting from operations to net cash used in operating activities:
Purchases of investments	(74,859)
Purchases of short-term investments	(58,927)
Interest income paid in-kind	(38)
Proceeds from sales of short-term investments	24,563
Proceeds from sales and paydowns of investments	2,959
Realized gain on investments	(3)
Change in net unrealized (appreciation)/depreciation on investments	(335)
Amortization of premium and accretion of discount, net	(97)
Increase (decrease) in operating assets and liabilities:
(Increase) decrease in interest receivable	(243)
Increase (decrease) in payable for short-term investments purchased	34,364
Increase (decrease) in management fees payable	184
Increase (decrease) other liabilities payable to related party	55
Increase (decrease) in other accrued expenses and other liabilities	306
Net cash used in operating activities	(70,500)
Cash Flows from Financing Activities
Contribution from Members	44,000
Proceeds from repurchase obligation	50,717
Repayment of repurchase obligation	(30,801)
Net cash provided by financing activities	63,916
Net increase in cash and cash equivalents	(6,584)
Cash and cash equivalents, beginning of period	12,880
Cash and cash equivalents, end of period	6,296
Supplemental and non-cash financing activities
Interest expense paid	$ 206

N-2

N-2	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Entity Central Index Key	0001916608
Amendment Flag	false
Securities Act File Number	000-56404
Document Type	10-Q
Entity Registrant Name	TCW STAR 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	true
Entity Ex Transition Period	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 that we filed with the SEC on March 28, 2023.

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation Organization: TCW Star Direct Lending LLC (the “Company”), was formed as a Delaware limited liability company on March 7, 2022 . The Com pany has conducted a p rivate offering of its common limited liability company units (the “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. On July 21, 2022 (“Inception Date”), the Company sold and issued 10 Units at an aggregate purchase price of $ 1 to T CW Asset Management Company LLC (“TAMCO”), an affiliate of the TCW Group, Inc. During the fourth quarter of 2022, TAMCO transferred its 10 units back to the Company. On September 1, 2022 the Company filed an election to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company also intends to elect 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”) and will make such an election beginning with the taxable year ending December 31, 2022. As a BDC and a RIC, the Company will be required to meet the minimum distribution and other requirements for RIC qualification and as a BDC and a RIC, the Company will be required to comply with certain regulatory requirements. On September 15, 2022, the Company entered into the Investment Advisory and Management Agreement with TAMCO, its registered investment adviser (the “Adviser”). On the same date, the Company also completed the closing of the sale of its Common Units (the "Closing Date") pursua nt to which the Company sold 3,753,190 Common Units at an aggregate purc hase price of $ 375,319 . The Company commenced operations during the third quarter of fiscal year 2022, and commenced investment activity during the last two weeks of December 2022. Term: The term of the Company will continue until the eighth anniversary of the date of the Company’s amended and restated limited liability agreement (the “LLC Agreement”), unless extended or the Company is sooner dissolved as provided in the LLC Agreement or by operation of law. Thereafter, the Company may extend the term for successive one-year periods upon written notice to the holders of the Units (the “Unitholders”) and holders of preferred units, if any, (together with the Unitholders, the “Members”) at least 90 days prior to the expiration of the term or the end of the first one-year period. Commitment Period: The Commitment Period commenced on the Closing Date, the day on which the Company completed the first closing of the sale of its Units to persons not affiliated with the Adviser, and will end four years from the later of (a) September 15, 2026, four years from the Closing Date and (b) four years from the date in which the Company first completes an investment. However, the Commitment Period is subject to termination upon the occurrence of Key Person Event defined as follows: A “Key Person Event” will occur if, during the Commitment Period, (i) Richard T. Miller and one or more of Suzanne Grosso, Mark Gertzof and David Wang (each of such four Persons, a “Key Person” and collectively, the “Key Persons”) fail to devote substantially all (i.e., more than 85%) of their business time to the investment activities of the Company and the Related Entities; or (ii) Ms. Grosso, Mr. Gertzof and Mr. Wang all fail to devote substantially all of their business time to the investment activities of the Company and the Related Entities, in each case other than as a result of a temporary disability (the occurrence of such an event, a “Key Person Departure”); provided that if a replacement has been approved as described in the paragraphs below, such replacement shall be specifically designated to take the place of one of the above-named individuals and the definition “Key Person Event” will be amended to take into account such successor. 1. Organization and Basis of Presentation (Continued) Upon the occurrence of a Key Person Event, and in the event that the Adviser fails to replace the above-referenced individuals in the manner contemplated by the last sentence of this paragraph, the Commitment Period shall be automatically terminated upon such Key Person Event. The Commitment Period will be re-instated upon the vote or written consent of 66 2/3 % in interest of the Unitholders. The Adviser is permitted at any time to replace any person designated above with a senior professional (including a Key Person) selected by the Adviser, provided that such replacement has been approved by a majority of the Unitholders (in which case, the approved substitute will be a Key Person in lieu of the person replaced). The determination of whether a Key Person Event has occurred will be made by the Company in accordance with the criteria set out above. The Company shall provide written notice to Unitholders of such Key Person Event within 30 days of the date of such Key Person Departure. If the Company fails to obtain approval of a replacement of a Key Person following a Key Person Departure as provided herein, then notwithstanding anything herein, the Key Person Departure shall be permanent and the Adviser shall not be permitted to replace such Key Person. Notwithstanding the foregoing, the Adviser is permitted at any time to replace any Person designated above with a senior professional (including a Key Person) selected by the Adviser, with the approval of the majority of the Unitholders (in which case, the approved substitute shall be a Key Person in lieu of the Person replaced) no later than 90 days after the date that the Adviser informs the Company of its proposed replacement of the Key Person. If such replacement(s) end the occurrence of a Key Person Event, the Commitment Period will automatically be re-instated. In accordance with the Company’s LLC 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 subsequent to the expiration date of the Commitment Period. The Company may also effect follow-on investments in existing portfolio companies up to an aggregate maximum of 10 % of aggregate cumulative invested amounts. Capital Commitments: As of June 30, 2023, the Company has sold 3,753,190 Units for an aggregate offering price of $ 375,319 . Eac h Unitholder is obligated to contribute capital equal to their Commitment and each Unit’s Commitment obligation is $ 100.00 per unit. The sale of the Units was made pursuant to subscription agreements entered into by the Company and each investor. Under the terms of the subscription agreements, the Company may draw down all or any portion of the undrawn commitment with respect to each Unit generally upon at least ten business days’ prior written notice to the unitholders. The amount of capital that remains to be drawn down and contributed is referred to as an “Undrawn Commitment”. 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 June 30, 2023, aggregate Commitments, Undrawn Commitments, percentage of Commitments funded and the number of subscribed for Units of the Company were as follows: Commitments Undrawn % of Units Common Unitholder $ 375,319 $ 308,319 17.9 % 3,753,190 Recallable Amount: A Unitholder may be required to re-contribute amounts distributed equal to (a) such Unitholder’s share of all portfolio investments that are repaid to the Company, or otherwise recouped by the Company, and distributed to the Unitholder, in whole or in part, during or after the Commitment period, reduced by (b) all re-contributions made by such Unitholder. This amount, (the “Recallable Amount”) is excluded from the calculation of the accrual based net asset value. The Recallable Amount as of June 30, 2023 was $ 0 .

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation: The Company’s financial statements were prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). 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 Topic 946”). 2. Significant Accounting Policies (Continued) Use of Estimates : The preparation of the 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 financial statements. Actual results could differ from those estimates, and such differences could be material. Investments : The Company measures the fair 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 the principal market of its investments to be the market in which the investment trades with the greatest volume and level of activity. Transactions : The Company records investment transactions on the trade date. The Company considers the 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 immediately when earned as income. The Company may enter 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 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. 2. Significant Accounting Policies (Continued) Organizational and Offering Costs : Costs incurred to organize the Company are expensed as incurred. Offering costs are accumulated and will be charged directly to Members’ Capital during the same period in which an initial capital call is made. The Company will not bear more than an amount equal to 10 basis points of the aggregate capital commitments to the Company through the Units (the “Commitments”) of the Company for organizational and offering costs in connection with the offering of the Units through the end of the period during which the Units will be offered (the “Closing Period”). Organizational costs are expensed as incurred, and since inception the Compan y has incurred $ 147 in organizational costs, of which $ 0 was expen sed during the three and six months ended June 30, 2023. Since inception, the Compan y has incurred $ 5 in offering costs, all of which was charged to Members' Capital during the fourth quarter of the period ended December 31, 2022. Cash Equivalents: Cash equivalents are comprised of cash in a money market account. Cash equivalents are carried at amortized costs which approximates fair value and are classified as Level 1 in the GAAP valuation hierarchy. Repurchase Obligations: Transactions whereby the Company sells an investment it currently holds with a concurrent agreement to repurchase the same investment at an agreed upon price at a future date are accounted for as secured borrowings in accordance with ASC 860, Transfers and Servicing. The investment subject to the repurchase agreement remains on the Company's Statements of Assets and Liabilities and a secured borrowing is recorded for the future repurchase obligation. The secured borrowing is collateralized by the investment subject to the repurchase agreement. Interest expense associated with the repurchase obligation is reported on the Company's Statements of Operations within Interest expense on repurchase transactions. Income Taxes: The Company has elected to be regulated as a BDC under the 1940 Act. The Company also intends to be treated as a RIC under the Code and will make such an election beginning with the taxable year ending December 31, 2022. 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 Unitholders as dividends. Rather, any tax liability related to income earned and distributed by the Company represents obligations of the Company’s investors and will not be reflected in the financial statements of the Company. Short-term investments: The Company generally considers 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 June 30, 2023 , 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. 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. The Company is currently evaluating the impact of the adoption of ASU 2022-03 on the financial statements.

Investment Valuations and Fair

Investment Valuations and Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
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 of Directors (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: Assets and liabilities are classified by the Company into three levels based on valuation inputs used to determine fair value: 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) , generally includes common stock valued at the closing price on the primary exchange in which the security trades. Level 2 Assets (Investments) : The valuation techniques and significant inputs used to determine fair value are as follows: Equity, (Level 2) , generally include warrants valued using quotes for comparable investments. 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), may include 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. The following is a summary by major security type of the fair valuations according to inputs used in valuing investments listed in the Schedule of Investments as of June 30, 2023: Investments Level 1 Level 2 Level 3 Total Debt $ — $ — $ 82,691 $ 82,691 Short- term investments 58,927 — — 58,927 Cash equivalents 5,858 — — 5,858 Total $ 64,785 $ — $ 82,691 $ 147,476 The following is a summary by major security type of the fair valuations according to inputs used in valuing investments listed in the Schedule of Investments as of December 31, 2022: Investments Level 1 Level 2 Level 3 Total Debt $ — $ — $ 10,150 $ 10,150 Short- term investments 24,563 — — 24,563 Cash equivalents 12,851 — — 12,851 Total $ 37,414 $ — $ 10,150 $ 47,564 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 six months ended June 30, 2023: Debt Equity Total Balance, April 1, 2023 $ 36,507 $ — $ 36,507 Purchases 48,487 — 48,487 Sales and paydowns of investments ( 2,907 ) — ( 2,907 ) Amortization of premium and accretion of discount, net 84 — 84 Net realized losses 3 — 3 Net change in unrealized appreciation/(depreciation) 517 — 517 Balance, June 30, 2023 $ 82,691 $ — $ 82,691 Change in net unrealized appreciation/(depreciation) in investments held as of June 30, 2023 $ 446 $ — $ 446 Debt Equity Total Balance, January 1, 2023 $ 10,150 $ — $ 10,150 Purchases, including payments received in-kind 74,897 — 74,897 Sales and paydowns of investments ( 2,959 ) — ( 2,959 ) Amortization of premium and accretion of discount, net 97 — 97 Net realized gains 3 — 3 Net change in unrealized appreciation/(depreciation) 503 — 503 Balance, June 30, 2023 $ 82,691 $ — $ 82,691 Change in net unrealized appreciation/(depreciation) in investments held as of June 30, 2023 $ 503 $ — $ 503 The Company did no t have any transfers between levels during the three and six months ended June 30, 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 June 30, 2023: Investment Type Fair Value Valuation Unobservable Range Weighted Impact to Debt $ 69,475 Income Method Discount Rate 10.7 % to 15.9 % 13.3 % Decrease Debt $ 13,216 Market Method Indicative Bid 97.0 % to 97.4 % N/A 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, 2022: Investment Type Fair Value Valuation Unobservable Range Weighted Impact to Debt $ 10,150 Market Method Indicative Bid 98.5 % to 98.5 % 98.5 % Increase * Weighted based on fair value The Company generally utilizes the midpoint of a valuation range provided by an external, independent valuation firm in determining fair value.

Agreements and Related Party Tr

Agreements and Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Agreements and Related Party Transactions	4. Agreements and Related Party Transactions Advisory Agreement : On September 15, 2022, the Company entered into the 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 became effective upon its execution. 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 the Company’s outstanding voting securities and (ii) the vote of a majority of the Board who are not “interested persons” (as defined in Section 2(a)(19) of the 1940 Act) of the Company, the Adviser or any of their respective affiliates (the “Independent Directors”). The Advisory Agreement will automatically terminate in the event of an assignment by the Adviser. The Advisory Agreement may be terminated by either party, by vote of the Company’s Board, or by a vote of the majority of the Company’s outstanding voting units, without penalty upon not less than 60 days’ prior written notice to the applicable party. If the Advisory Agreement is terminated according to this paragraph, the Company will pay the Adviser a pro-rated portion of the Management Fee and Incentive Fee (each as defined below). Pursuant to the Advisory Agreement, the Adviser will: • formulate and implement the Company's investment program; • determine the composition of the portfolio of the Company, the nature and timing of the changes therein and the manner of implementing such changes; • identify/source, research, evaluate and negotiate the structure of the investments made by the Company (including due diligence on prospective Portfolio Companies); • close, monitor and administer the Company's investments, including the exercise of any rights in its capacity as a lender; • determine the securities and other assets that the Company will originate, purchase, retain, or sell; • place orders for the purchase or sale of portfolio securities for the Company's account with broker-dealers selected by the Adviser; • pay such expenses as are incurred by it in connection with providing the foregoing services, subject to the reimbursement of certain expenses incurred on behalf of the Company to the extent described in the Administration Agreement (as defined below); • coordinate with the Administrator (as defined below) and; • provide the Company with such other investment advisory, research, and related services as the Company may, from time to time, reasonably require for the investment of its funds, including providing operating and managerial assistance to the Company and its portfolio companies as required. The Company pays to the Adviser, quarterly in arrears, a management fee in cash (the “Management Fee”) calculated as follows: 0.3125 % (i.e., 1.25 % per annum) of the average gross assets of the Company on a consolidated basis, with the average determined based on the gross assets of the Company as of the end of the three most recently completed calendar months. “Gross assets” means the amortized cost of the Company’s portfolio investments (including portfolio investments purchased with borrowed funds and other forms of leverage, such as preferred units, public and private debt issuances, derivative instruments, repurchase agreements and other similar instruments or arrangements) that have not been sold, distributed to 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), and excluding cash and cash equivalents. Installments of the Management Fee payable for any partial month or quarter shall be pro rated for the actual number of days in such period. For the three and six months ended June 30, 2023, Management Fees incurred were $ 188 and $ 254 , respectively, and $ 188 remained payable as of June 30, 2023. 4. Agreements and Related Party Transactions (Continued) 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 Contributions (as defined in the LLC Agreement) to the Company in respect of all the Common Units; (b) Second, no Incentive Fee will be owed until the Common Unitholders have collectively received cumulative distributions equal to a 6.5 % internal rate of return on their Aggregate Contributions to the Company 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 Incentive Fee paid to the Adviser is equal to 15 % of the sum of (A) the amount by which the Hurdle exceeds the Aggregate Contributions of the Common Unitholders in respect of all Common Units and (B) the amount of Incentive Fee being paid to the Adviser pursuant to this clause (iii); and (d) Thereafter, the Adviser will be entitled to an Incentive Fee equal to 15 % of additional amounts otherwise distributable to Common Unitholders in respect of all Common Units, with the remaining 85 % distributed to the Common Unitholders. 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 Common Unitholders. For purposes of calculating the Incentive Fee, as provided in Section 3.3.2 of the LLC Agreement, Aggregate Contributions shall not include NAV Balancing Contributions or Late-Closer Contributions, and the distributions to Common Unitholders shall not include distributions attributable to Late-Closer Contributions (each capitalized term as defined in the LLC agreement). NAV Balancing Contributions received by the Company will not be treated as amounts distributed to Common Unitholders for purposes of calculating the Incentive Fee. In addition, if distributions to which a Defaulting Member (as defined in the LLC Agreement) otherwise would have been entitled have been withheld pursuant to Section 6.2.4 of the LLC Agreement, the amounts so withheld shall be treated for such purposes as having been distributed to such Defaulting Member. The amount of any distribution of securities made in kind shall be equal to the fair market value of those securities at the time of distribution determined pursuant to Section 13.4 of the LLC Agreement. If the Advisory Agreement terminates early for any reason other than (i) the Adviser voluntarily terminating the Advisory Agreement or (ii) the Company terminating the Advisory Agreement for cause, the Company 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 of the Company's investments were liquidated for their current value (but without taking into account any unrealized appreciation of any Portfolio Investment (as defined in the LLC Agreement)), and any unamortized deferred Portfolio Investment-related fees were deemed accelerated, (B) the proceeds from such liquidation were used to pay all of the Company's outstanding liabilities, and (C) the remainder were distributed to Common Unitholders and paid as Incentive Fee in accordance with Section 6(a) of the Advisory Agreement. The Company will make the Final Incentive Fee Payment in cash on or immediately following the date the Advisory Agreement is so terminated. In the case of an early termination, the Adviser Return Obligation under Section 6(c) of the Advisory Agreement will not apply in connection with a Final Incentive Fee Payment. 4. Agreements and Related Party Transactions (Continued) Adviser Return Obligation: On each fiscal year-end from and after December 31, 2024 (each, an "Interim Incentive Fee Date"), and after the Company has made its final distribution of assets pursuant to Section 9.2 of the LLC Agreement (the “Final Incentive Fee Date”), if the Adviser has received aggregate payments of Final Incentive Fee, or with respect to the Interim Incentive Fee only, an amount equal to or greater than $ 1,000 in e xcess of the Adviser Target Amount (as defined in the Advisory Agreement) as of such time (an “Adviser Return Event”), then the Adviser shall return to the Company in cash on or before the 90th day after such Interim Incentive Fee Date or Final Incentive Fee Date, as the case may be, an amount equal to such excess (the "Adviser Return Obligation"). Notwithstanding the preceding sentence, in no event shall the Adviser Return Obligation exceed an amount greater than the aggregate amount of Incentive Fee payments previously received by (or allocated to) the Adviser from the Company with respect to the two Interim Incentive Fee Dates immediately preceding such Adviser Return Event, reduced by the excess (if any) of (a) the aggregate federal, state and local income tax liability the Adviser incurred in connection with the payment of such Incentive Fees (assuming the highest marginal applicable federal and New York City and State income tax rates applied to such payments), over (b) an amount equal to the U.S. federal and state tax benefits available to the Adviser by virtue of the payment made by the Adviser pursuant to its Adviser Return Obligation (assuming that, to the extent such payments are deductible by the Adviser, the benefit of such deductions will be computed using the then highest marginal applicable federal and New York City and State income tax rates), as reasonably determined by the Adviser. The Adviser Return Obligation shall be recomputed to take into account any post-liquidation returns of distributions made by Members pursuant to Section 11.4 of the LLC Agreement, and any additional Adviser Return Obligation triggered by such post- liquidation returns shall be made by the Adviser contemporaneously with such post- liquidation returns by the Members. Administration Agreement : On September 15, 2022, the Company entered into an Administration Agreement (the “Administration Agreement”) with TCW Asset Management Company LLC (in such capacity, the “Administrator”). Under the Administration Agreement, the Administrator will furnish us with office facilities and equipment, and clerical, bookkeeping and record keeping services. Pursuant to the Administration Agreement, the Administrator will oversee the maintenance of the Company’s financial records and otherwise assist with the Company’s compliance with BDC and RIC rules, monitor the payment of expenses, oversee the performance of administrative and professional services rendered to the Company by others, be responsible for the financial and other records that the Company is required to maintain, prepare and disseminate reports to the Unitholders and reports and other materials to be filed with the SEC or other regulators, assist the Company in determining and publishing (as necessary or appropriate) its net asset value, oversee the preparation and filing of tax returns, generally oversee the payment of expenses and provide such other services as the Administrator, subject to review of the Company’s Board, shall from time to time determine to be necessary or useful to perform its obligations under the Administration Agreement. The Administrator may perform these services directly, may delegate some or all of them through the retention of a sub-administrator and may remove or replace any sub-administrator. Payments under the Administration Agreement will be equal to an amount that reimburses the Administrator for the costs and expenses incurred by the Administrator in performing its obligations and providing personnel and facilities under the Administration Agreement. The amounts paid pursuant to the Administration Agreement are subject to the Company Expenses Limitation (as defined below). The Administrator agrees that it would not charge total fees under the Administration Agreement that would exceed its reasonable estimate of what a qualified third party would charge to perform substantially similar services. The costs and expenses paid by the Company and the applicable caps on certain costs and expenses are described below under “ Expenses ”. The Administration Agreement provides that neither the Administrator, nor any director, officer, agent or employee of the Administrator, shall be liable or responsible to the Company or any of the Unitholders for any mistake in judgment, any act performed or omission made by such person or losses due to the mistake, action, inaction, or negligence of other agents of the Company. The Company will also indemnify the Administrator and its members, managers, officers, employees, agents, controlling persons and any other person or entity affiliated with it. 4. Agreements and Related Party Transactions (Continued) Expenses: The Company, and indirectly the Unitholders, will bear all costs, expenses and liabilities, other than Adviser Operating Expenses (as defined below, and which shall be borne by the Adviser), in connection with the Company’s organization, operations, administration and transactions (“Company Expenses”). Company Expenses shall include, without limitation: (a) organizational expenses and expenses associated with the issuance of the Units and organizational expenses of a related entity organized and managed by the Adviser or an affiliate of the Adviser as a feeder fund for the Company and issuance of interests therein; (b) expenses of calculating net asset value (including the cost and expenses of any independent valuation firm); (c) fees payable to third parties, including agents, consultants, attorneys or other advisors, relating to, or associated with, evaluating and making investments; (d) expenses incurred by the Adviser or the Administrator payable to third parties, including agents, consultants, attorneys or other advisors, relating to or associated with monitoring the Company’s financial and legal affairs, providing administrative services, monitoring or administering the Company’s investments and performing due diligence reviews of prospective investments and the corresponding portfolio companies; (e) costs associated with the Company’s reporting and compliance obligations under the 1940 Act, the 1934 Act and other applicable federal or state securities laws; (f) fees and expenses incurred in connection with debt incurred to finance the Company’s investments or operations, and payment of interest and repayment of principal on such debt; (g) expenses related to sales and purchases of Units and other securities; (h) Management Fees and Incentive Fees; (i) administrator fees and expenses payable under the Administration Agreement, provided that any such fees payable to the Administrator shall be limited to what a qualified third party would charge to perform substantially similar services; (j) transfer agent, sub-administrator and custodial fees; (k) expenses relating to the issue, repurchase and transfer of Units to the extent not borne by the relevant transferring Unitholders and/or assignees; (l) federal and state registration fees; (m) federal, state and local taxes and other governmental charges assessed against the Company; (n) independent directors’ fees and expenses and the costs associated with convening a meeting of the Company’s board of directors or any committee thereof; (o) fees and expenses and the costs associated with convening a meeting of the Unitholders or holders of any Preferred Units; (p) costs of any reports, proxy statements or other notices to Unitholders, including printing and mailing costs; (q) costs and expenses related to the preparation of the Company’s financial statements and tax returns; (r) the Company’s allocable portion of the fidelity bond, directors and officers/errors and omissions liability insurance, and any other insurance premiums; (s) direct costs and expenses of administration, including printing, mailing, long distance telephone, and copying; (t) independent auditors and outside legal costs, including legal costs associated with any requests for exemptive relief, “no-action” positions or other guidance sought from a regulator, pertaining to the Company; (u) compensation of other third party professionals to the extent they are devoted to preparing the Company’s financial statements or tax returns or providing similar “back office” financial services to the Company; (v) Adviser costs and expenses (excluding travel) in connection with identifying and investigating investment opportunities for the Company, monitoring the Company’s investments and disposing of any such investments; (w) portfolio risk management costs; (x) commissions or brokerage fees or similar charges incurred in connection with the purchase or sale of securities (including merger fees); (y) costs and expenses attributable to normal and extraordinary investment banking, commercial banking, accounting, auditing, appraisal, valuation, administrative agent activities, custodial and registration services provided to the Company, including in each case services with respect to the proposed purchase or sale of securities by us that are not reimbursed by the issuer of such securities or others (whether or not such purchase or sale is consummated); (z) costs of amending, restating or modifying the Company’s LLC Agreement or Advisory Agreement or related documents of the Company or related entities; (aa) fees, costs, and expenses incurred in connection with the termination, liquidation or dissolution of the Company or related entities; and (bb) all other properly and reasonably chargeable expenses incurred by the Company or the Administrator in connection with administering the Company’s business. 4. Agreements and Related Party Transactions (Continued) However, the Company will not bear more than (a) an amount equal to 10 basis points of its aggregate Commitments for organizational expenses and offering expenses in connection with the offering of Units (the “Company Expenses Limitation”). “Adviser Operating Expenses” means overhead and operating and administrative expenses incurred by or on behalf of the Adviser or any of its affiliates, including the Company, in connection with maintaining and operating the Adviser’s office, including salaries and other compensation (including compensation due to its officers), rent, routine office equipment expense and liability and insurance premiums (other than (i) those incurred in maintaining fidelity bonds and Indemnitee insurance policies and (ii) the allocable portion of the Administrator’s overhead in performing its obligations), in furtherance of providing supervisory investment management services for the Company. For the avoidance of doubt, Adviser Operating Expenses include any expenses incurred by the Adviser or its affiliates in connection with the Adviser’s registration as an investment adviser under the Investment Advisers Act of 1940, as amended (“Advisers Act”), or with its compliance as a registered investment adviser thereunder. All Adviser Operating Expenses and all expenses of the Company that the Company will not bear, as set forth above, will be borne by the Adviser or its affiliates.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
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 June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Unfunded Commitments Maturity/ Amount Unrealized Amount Unrealized Sunland Asphalt & Construction, LLC June 2028 $ 2,114 $ 55 $ — $ — Signature Brands, LLC March 2025 1,165 22 — — CSAT Holdings, LLC June 2028 1,127 34 — — Five Star Buyer, Inc. February 2028 910 22 — — Five Star Buyer, Inc. February 2028 910 22 — — Del Real, LLC March 2028 901 12 — — Hoffmaster Group, Inc. February 2028 474 1 — — Total $ 7,601 $ 168 $ — $ — From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of June 30, 2023, the Company 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	6 Months Ended
	Jun. 30, 2023
Statement Of Stockholders Equity [Abstract]
Members' Capital	6. Members' Capital The Company’s Unit activity for the three and six months ended June 30, 2023 was as follows: For the three months ended June 30, Six months ended June 30, 2023 2023 Units at beginning of period 3,753,190 3,753,190 Units issued and committed at end of period 3,753,190 3,753,190 No deemed distributions and contributions were processed during the three and six months ended June 30, 2023 .

Repurchase Obligations

Repurchase Obligations	6 Months Ended
	Jun. 30, 2023
Disclosure of Repurchase Agreements [Abstract]
Repurchase Obligations	7. Repurchase Obligations In order to finance certain investment transactions, the Company may, from time to time, enter into repurchase agreements with Macquarie US Trading LLC (“Macquarie”), whereby the Company sells to Macquarie an investment that it holds and concurrently enters into an agreement to repurchase the same investment at an agreed-upon price at a future date, not to exceed 90-days from the date it was sold (each, a “Macquarie Transaction”). Additionally, the Company may, from time to time, enter into repurchase agreements with 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 “Barclays Transaction” and together with the Macquarie Transactions, the “Repurchase Transactions”). In accordance with ASC 860, Transfers and Servicing , these Repurchase Transactions meet the criteria for secured borrowings. Accordingly, the investments financed by these Repurchase Transactions remain on the Company’s Statements of Assets and Liabilities as an asset, and the Company records a liability to reflect its repurchase obligation to Macquarie and Barclays (the “Repurchase Obligations”). Outstanding Repurchase Obligations are presented on the Company's Statements of Assets and Liabilities as Repurchase Obligations. Repurchase Obligations are secured by the respective investment or short-term investment that is the subject of the repurchase agreement. Interest expense associated with the Repurchase Obligations is reported on the Company’s Statements of Operations within Interest expense on repurchase transactions. During the six months ended June 30, 2023 , the Company entered into Barclays Transactions on January 1, 2023 and April 3, 2023 which settled on January 25, 2023 and April 25, 2023 , re spectively. Interest expense incurred on the Barclays Transactions was $ 208 and $ 274 during the three and six months ended June 30, 2023 , respectively. As of June 30, 2023 and December 31, 2022, the Company had no outstanding Repurchase Obligations with Barclays. The Macquarie Transactions entered into by the Company during the six months ended June 30, 2023 are listed below, along with the respective investments which collateralize each Repurchase Obligation. Interest expense under these Repurchase Obligations is calculated as the product of (i) the difference in days between the trade date and the settlement date of the respective Macquarie Transaction and (ii) the interest rates listed in the table below, as stipulated in the respective repurchase agreements. 7. Repurchase Obligations (Continued) Interest expense associated with the Company's Macquarie Transactions was $ 209 and $ 247 for the three and six months ended June 30, 2023, respectively, and is reported on the Company’s Statements of Operations within Interest expense on repurchase transactions. Issuer Investment Agreement Date Interest Rate Settlement Date Florida Marine Transporters, LLC Term Loan B 3/16/2023 0.00021626 3/29/2023 Del Real, LLC Term Loan 3/28/2023 0.00022052 4/20/2023 Baxters North America Holdings, Inc. Term Loan 5/17/2023 0.00023097 5/31/2023 Five Star Buyer, Inc. Term Loan 5/11/2023 0.00022815 6/28/2023 Propulsion Acquisition, LLC Term Loan 5/22/2023 0.00022955 6/28/2023 Mark Andy, Inc. Term Loan 6/16/2023 0.00023023 N/A * Sunland Asphalt & Construction, LLC Term Loan B 6/16/2023 0.00023023 N/A * CSAT Holdings, LLC Term Loan 6/30/2023 0.00023089 N/A * * N/A - Repurchase Obligations with Macquarie which remain outstanding as of June 30, 2023. As of June 30, 2023 and December 31, 2022, the Company had $ 19,916 and $ 0 , respectively, in outstanding Repurchase Obligations with Macquarie, which are categorized as Level 2 within the fair value hierarchy.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes The Company has elected to be regulated as a BDC under the 1940 Act and intends to elect to be treated as a RIC under the Code and will make such an election beginning with the taxable year ending December 31, 2022. 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 Unitholders as dividends. 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 June 30, 2023 and December 31, 2022, the Company’s aggregate investment unrealized appreciation and depreciation for federal income tax purposes were as follows: June 30, 2023 December 31, 2022 Cost of investments for federal income tax purposes $ 146,974 $ 47,564 Unrealized appreciation $ 587 $ — Unrealized depreciation $ ( 252 ) $ ( 1 ) Net unrealized depreciation on investments $ 335 $ ( 1 ) The Company did no t have any unrecognized tax benefits as of December 31, 2022 , nor were there any increases or decreases in unrecognized tax benefits for the period then ended; therefore, no interest or penalties were accrued.

Financial Highlights

Financial Highlights	6 Months Ended
	Jun. 30, 2023
Investment Company [Abstract]
Financial Highlights	9. Financial Highlights Selected data for a unit outstanding throughout the six months ended June 30, 2023 is presented below. For the six months ended June 30, 2023 (1) Net Asset Value Per Unit (accrual base), Beginning of Period $ 99.88 Income from Investment Operations: Net investment income 0.29 Net realized and unrealized gain 0.13 Total income from investment operations 0.42 Net Asset Value Per Unit (accrual base), End of Period $ 100.30 Unitholder Total Return (2)(3) 4.32 % Unitholder IRR (4) 6.07 % Ratios and Supplemental Data: Members’ Capital, end of period $ 68,135 Units outstanding, end of period 3,753,190 Ratios based on average net assets of Members’ Capital: Ratio of total expenses to average net asset (5) 1.76 % Ratio of net investment income to average net assets (5) 1.35 % Portfolio turnover rate (3) 8.16 % (1) Per unit data was calculated using the number of Units issued and outstanding as of June 30, 2023 . (2) The Total Return for the six months ended June 30, 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 6.07 % through June 30, 2023. 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. The Internal Rate of Return (IRR) for the three months ended June 30, 2023 is not considered meaningful because of the limited time since initial investment and early stage of capital deployment. (5) Annualized.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	10. Subsequent Events The Company has evaluated subsequent events through the date of issuance of the financial statements. There have been no subsequent events that require recognition or disclosure in these financial statements.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The Company’s financial statements were prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). 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 Topic 946”).
Use of Estimates	Use of Estimates : The preparation of the 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 financial statements. Actual results could differ from those estimates, and such differences could be material.
Investments	Investments : The Company measures the fair 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 the principal market of its investments to be the market in which the investment trades with the greatest volume and level of activity.
Transactions	Transactions : The Company records investment transactions on the trade date. The Company considers the 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 immediately when earned as income. The Company may enter 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 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.
Organizational and Offering Costs	Organizational and Offering Costs : Costs incurred to organize the Company are expensed as incurred. Offering costs are accumulated and will be charged directly to Members’ Capital during the same period in which an initial capital call is made. The Company will not bear more than an amount equal to 10 basis points of the aggregate capital commitments to the Company through the Units (the “Commitments”) of the Company for organizational and offering costs in connection with the offering of the Units through the end of the period during which the Units will be offered (the “Closing Period”). Organizational costs are expensed as incurred, and since inception the Compan y has incurred $ 147 in organizational costs, of which $ 0 was expen sed during the three and six months ended June 30, 2023. Since inception, the Compan y has incurred $ 5 in offering costs, all of which was charged to Members' Capital during the fourth quarter of the period ended December 31, 2022.
Cash Equivalents	Cash Equivalents: Cash equivalents are comprised of cash in a money market account. Cash equivalents are carried at amortized costs which approximates fair value and are classified as Level 1 in the GAAP valuation hierarchy.
Repurchase Obligations	Repurchase Obligations: Transactions whereby the Company sells an investment it currently holds with a concurrent agreement to repurchase the same investment at an agreed upon price at a future date are accounted for as secured borrowings in accordance with ASC 860, Transfers and Servicing. The investment subject to the repurchase agreement remains on the Company's Statements of Assets and Liabilities and a secured borrowing is recorded for the future repurchase obligation. The secured borrowing is collateralized by the investment subject to the repurchase agreement. Interest expense associated with the repurchase obligation is reported on the Company's Statements of Operations within Interest expense on repurchase transactions.
Income Taxes	Income Taxes: The Company has elected to be regulated as a BDC under the 1940 Act. The Company also intends to be treated as a RIC under the Code and will make such an election beginning with the taxable year ending December 31, 2022. 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 Unitholders as dividends. Rather, any tax liability related to income earned and distributed by the Company represents obligations of the Company’s investors and will not be reflected in the financial statements of the Company.
Short-term investments	Short-term investments: The Company generally considers 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 June 30, 2023 , 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.
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. The Company is currently evaluating the impact of the adoption of ASU 2022-03 on the financial statements.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Aggregate Commitments	As of June 30, 2023, aggregate Commitments, Undrawn Commitments, percentage of Commitments funded and the number of subscribed for Units of the Company were as follows: Commitments Undrawn % of Units Common Unitholder $ 375,319 $ 308,319 17.9 % 3,753,190

Investment Valuations and Fai_2

Investment Valuations and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
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 Schedule of Investments as of June 30, 2023: Investments Level 1 Level 2 Level 3 Total Debt $ — $ — $ 82,691 $ 82,691 Short- term investments 58,927 — — 58,927 Cash equivalents 5,858 — — 5,858 Total $ 64,785 $ — $ 82,691 $ 147,476 The following is a summary by major security type of the fair valuations according to inputs used in valuing investments listed in the Schedule of Investments as of December 31, 2022: Investments Level 1 Level 2 Level 3 Total Debt $ — $ — $ 10,150 $ 10,150 Short- term investments 24,563 — — 24,563 Cash equivalents 12,851 — — 12,851 Total $ 37,414 $ — $ 10,150 $ 47,564
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 six months ended June 30, 2023: Debt Equity Total Balance, April 1, 2023 $ 36,507 $ — $ 36,507 Purchases 48,487 — 48,487 Sales and paydowns of investments ( 2,907 ) — ( 2,907 ) Amortization of premium and accretion of discount, net 84 — 84 Net realized losses 3 — 3 Net change in unrealized appreciation/(depreciation) 517 — 517 Balance, June 30, 2023 $ 82,691 $ — $ 82,691 Change in net unrealized appreciation/(depreciation) in investments held as of June 30, 2023 $ 446 $ — $ 446 Debt Equity Total Balance, January 1, 2023 $ 10,150 $ — $ 10,150 Purchases, including payments received in-kind 74,897 — 74,897 Sales and paydowns of investments ( 2,959 ) — ( 2,959 ) Amortization of premium and accretion of discount, net 97 — 97 Net realized gains 3 — 3 Net change in unrealized appreciation/(depreciation) 503 — 503 Balance, June 30, 2023 $ 82,691 $ — $ 82,691 Change in net unrealized appreciation/(depreciation) in investments held as of June 30, 2023 $ 503 $ — $ 503
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 June 30, 2023: Investment Type Fair Value Valuation Unobservable Range Weighted Impact to Debt $ 69,475 Income Method Discount Rate 10.7 % to 15.9 % 13.3 % Decrease Debt $ 13,216 Market Method Indicative Bid 97.0 % to 97.4 % N/A 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, 2022: Investment Type Fair Value Valuation Unobservable Range Weighted Impact to Debt $ 10,150 Market Method Indicative Bid 98.5 % to 98.5 % 98.5 % Increase * Weighted based on fair value

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
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 June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Unfunded Commitments Maturity/ Amount Unrealized Amount Unrealized Sunland Asphalt & Construction, LLC June 2028 $ 2,114 $ 55 $ — $ — Signature Brands, LLC March 2025 1,165 22 — — CSAT Holdings, LLC June 2028 1,127 34 — — Five Star Buyer, Inc. February 2028 910 22 — — Five Star Buyer, Inc. February 2028 910 22 — — Del Real, LLC March 2028 901 12 — — Hoffmaster Group, Inc. February 2028 474 1 — — Total $ 7,601 $ 168 $ — $ —

Members' Capital (Table)

Members' Capital (Table)	6 Months Ended
	Jun. 30, 2023
Statement Of Stockholders Equity [Abstract]
Summary of Unit Activity	The Company’s Unit activity for the three and six months ended June 30, 2023 was as follows: For the three months ended June 30, Six months ended June 30, 2023 2023 Units at beginning of period 3,753,190 3,753,190 Units issued and committed at end of period 3,753,190 3,753,190

Repurchase Obligations (Tables)

Repurchase Obligations (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of Repurchase Agreements [Abstract]
Schedule of Interest Expense Under Repurchase Obligations	Issuer Investment Agreement Date Interest Rate Settlement Date Florida Marine Transporters, LLC Term Loan B 3/16/2023 0.00021626 3/29/2023 Del Real, LLC Term Loan 3/28/2023 0.00022052 4/20/2023 Baxters North America Holdings, Inc. Term Loan 5/17/2023 0.00023097 5/31/2023 Five Star Buyer, Inc. Term Loan 5/11/2023 0.00022815 6/28/2023 Propulsion Acquisition, LLC Term Loan 5/22/2023 0.00022955 6/28/2023 Mark Andy, Inc. Term Loan 6/16/2023 0.00023023 N/A * Sunland Asphalt & Construction, LLC Term Loan B 6/16/2023 0.00023023 N/A * CSAT Holdings, LLC Term Loan 6/30/2023 0.00023089 N/A *

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Aggregate Investment Unrealized Appreciation and Depreciation for Federal Income Tax Purposes	As of June 30, 2023 and December 31, 2022, the Company’s aggregate investment unrealized appreciation and depreciation for federal income tax purposes were as follows: June 30, 2023 December 31, 2022 Cost of investments for federal income tax purposes $ 146,974 $ 47,564 Unrealized appreciation $ 587 $ — Unrealized depreciation $ ( 252 ) $ ( 1 ) Net unrealized depreciation on investments $ 335 $ ( 1 )

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Jun. 30, 2023
Investment Company [Abstract]
Schedule of Net Asset Value Per Unit and Reflects all Units Issued and Outstanding	Selected data for a unit outstanding throughout the six months ended June 30, 2023 is presented below. For the six months ended June 30, 2023 (1) Net Asset Value Per Unit (accrual base), Beginning of Period $ 99.88 Income from Investment Operations: Net investment income 0.29 Net realized and unrealized gain 0.13 Total income from investment operations 0.42 Net Asset Value Per Unit (accrual base), End of Period $ 100.30 Unitholder Total Return (2)(3) 4.32 % Unitholder IRR (4) 6.07 % Ratios and Supplemental Data: Members’ Capital, end of period $ 68,135 Units outstanding, end of period 3,753,190 Ratios based on average net assets of Members’ Capital: Ratio of total expenses to average net asset (5) 1.76 % Ratio of net investment income to average net assets (5) 1.35 % Portfolio turnover rate (3) 8.16 % (1) Per unit data was calculated using the number of Units issued and outstanding as of June 30, 2023 . (2) The Total Return for the six months ended June 30, 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 6.07 % through June 30, 2023. 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. The Internal Rate of Return (IRR) for the three months ended June 30, 2023 is not considered meaningful because of the limited time since initial investment and early stage of capital deployment. (5) Annualized.

Organization and Basis of Pre_3

Organization and Basis of Presentation - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Sep. 15, 2022	Jul. 21, 2022
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Entity incorporation, date of incorporation	Mar. 07, 2022
Aggregate purchase price	$ 66,708,000	$ 22,708,000		$ 1,000
Common unit, received		10
Common Unit, Issued	3,753,190			10
Common unitholders undrawn commitment value	$ (308,319,000)	$ (352,319,000)
Common units, issuance value	$ 375,319,000
Common unitholders undrawn commitment unit sold	3,753,190	3,753,190		10
Percentage of commitment period to be reinstated upon vote or written consent	66.67%
Commitment obligation per unit	$ 100
Members equity recallable amount	$ 0
Aggregate cumulative invested amount percentage	10%
Investment Advisory and Management Agreement
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Common Unit, Issued			3,753,190
Common units, issuance value			$ 375,319,000

Organization and Basis of Pre_4

Organization and Basis of Presentation - Schedule of Aggregate Commitments (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jul. 21, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Commitments	$ 375,319
Undrawn Commitments	$ 308,319	$ 352,319
% of Commitments Funded	17.90%
Units	3,753,190		10

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	11 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Basis points of aggregate capital commitments		0.10%
Organizational costs	$ 0	$ 0	$ 147
Deferred offering costs				$ 5

Investment Valuations and Fai_3

Investment Valuations and Fair Value Measurements - Summary of Major Security Type of Fair Valuations (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	$ 147,476	$ 47,564
Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	82,691	10,150
Short-term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	58,927	24,563
Cash Equivalents
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	5,858	12,851
Fair Value, Inputs, Level 1 [Member]
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	64,785	37,414
Fair Value, Inputs, Level 1 [Member] | Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 1 [Member] | Short-term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	58,927	24,563
Fair Value, Inputs, Level 1 [Member] | Cash Equivalents
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	5,858	12,851
Fair Value, Inputs, Level 2 [Member]
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 2 [Member] | Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 2 [Member] | Short-term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 2 [Member] | Cash Equivalents
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 3 [Member]
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	82,691	10,150
Fair Value, Inputs, Level 3 [Member] | Debt
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	82,691	10,150
Fair Value, Inputs, Level 3 [Member] | Short-term Investments
Investment Valuations And Fair Value Measurements [Line Items]
Investments Fair Value , Total	0	0
Fair Value, Inputs, Level 3 [Member] | 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) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Investment Valuations And Fair Value Measurements [Line Items]
Beginning Balance	$ 36,507	$ 10,150
Purchases	48,487
Purchases, including payments received in-kind		74,897
Sales and paydowns of investments	(2,907)	(2,959)
Amortization of premium and accretion of discount, net	84	97
Net realized gains (losses)	(3)	3
Net change in unrealized appreciation/depreciation	517	503
Ending Balance	82,691	82,691
Change in net unrealized appreciation/(depreciation) in investments held	446	503
Debt
Investment Valuations And Fair Value Measurements [Line Items]
Beginning Balance	36,507	10,150
Purchases	48,487
Purchases, including payments received in-kind		74,897
Sales and paydowns of investments	(2,907)	(2,959)
Amortization of premium and accretion of discount, net	84	97
Net realized gains (losses)	(3)	3
Net change in unrealized appreciation/depreciation	517	503
Ending Balance	82,691	82,691
Change in net unrealized appreciation/(depreciation) in investments held	446	503
Equity
Investment Valuations And Fair Value Measurements [Line Items]
Beginning Balance	0	0
Purchases	0
Purchases, including payments received in-kind		0
Sales and paydowns of investments	0	0
Amortization of premium and accretion of discount, net	0	0
Net realized gains (losses)	0	0
Net change in unrealized appreciation/depreciation	0	0
Ending Balance	0	0
Change in net unrealized appreciation/(depreciation) in investments held	$ 0	$ 0

Investment Valuations and Fai_5

Investment Valuations and Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Investment Valuations And Fair Value Measurements [Abstract]
Fair value assets liabilities transfer between levels	$ 0	$ 0

Investment Valuations and Fai_6

Investment Valuations and Fair Value Measurements - Summary of Valuation Techniques and Quantitative Information (Details) - Debt - Fair Value, Inputs, Level 3 [Member] $ in Thousands		Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Income Method | Discount Rate
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value		$ 69,475
Income Method | Discount Rate | Minimum
Investment Valuations And Fair Value Measurements [Line Items]
Range		10.7
Income Method | Discount Rate | Maximum
Investment Valuations And Fair Value Measurements [Line Items]
Range		15.9
Income Method | Discount Rate | Weighted Average
Investment Valuations And Fair Value Measurements [Line Items]
Range	[1]	13.3
Market Method | Discount Rate | Weighted Average
Investment Valuations And Fair Value Measurements [Line Items]
Range	[2]		98.5
Market Method | Indicative Bid
Investment Valuations And Fair Value Measurements [Line Items]
Fair Value		$ 13,216	$ 10,150
Market Method | Indicative Bid | Minimum
Investment Valuations And Fair Value Measurements [Line Items]
Range		97	98.5
Market Method | Indicative Bid | Maximum
Investment Valuations And Fair Value Measurements [Line Items]
Range		97.4	98.5
[1] Weighted based on fair value Weighted based on fair value

Agreements and Related Party _2

Agreements and Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended					6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023
Related Party Transaction [Line Items]
Percentage of management fee		0.3125%	0.3125%	0.3125%	0.3125%	1.25%
Management fee	$ 188					$ 254
Management fee payable	$ 188	$ 4				$ 188
Interim incentive fee date						Dec. 31, 2024
Interim incentive fee						$ 1,000
Second
Related Party Transaction [Line Items]
Internal rate of return on their aggregate contributions						6.50%
Third
Related Party Transaction [Line Items]
Percentage of advisor incentive fee entailed						100%
Percentage of additional distributable paid to advisor incentive fee						15%
Thereafter
Related Party Transaction [Line Items]
Percentage of additional distributable paid to advisor incentive fee						15%
Percentage of remaining incentive fee						85%

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Unfunded Commitments and Unrealized Depreciation by Investment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Unfunded Commitments Amount	$ 7,601	$ 0
Unrealized Depreciation	$ 168	0
Sunland Asphalt & Construction, LLC
Loss Contingencies [Line Items]
Maturity/Expiration	2028-06
Unfunded Commitments Amount	$ 2,114	0
Unrealized Depreciation	$ 55	0
Signature Brands, LLC
Loss Contingencies [Line Items]
Maturity/Expiration	2025-03
Unfunded Commitments Amount	$ 1,165	0
Unrealized Depreciation	$ 22	0
CSAT Holdings, LLC
Loss Contingencies [Line Items]
Maturity/Expiration	2028-06
Unfunded Commitments Amount	$ 1,127	0
Unrealized Depreciation	$ 34	0
Five Star Buyer, Inc.
Loss Contingencies [Line Items]
Maturity/Expiration	2028-02
Unfunded Commitments Amount	$ 910	0
Unrealized Depreciation	$ 22	0
Five Star Buyer, Inc.
Loss Contingencies [Line Items]
Maturity/Expiration	2028-02
Unfunded Commitments Amount	$ 910	0
Unrealized Depreciation	$ 22	0
Del Real, LLC
Loss Contingencies [Line Items]
Maturity/Expiration	2028-03
Unfunded Commitments Amount	$ 901	0
Unrealized Depreciation	$ 12	0
Hoffmaster Group, Inc
Loss Contingencies [Line Items]
Maturity/Expiration	2028-02
Unfunded Commitments Amount	$ 474	0
Unrealized Depreciation	$ 1	$ 0

Members' Capital - Summary of U

Members' Capital - Summary of Unit Activity (Details) - shares	Jun. 30, 2023	Mar. 31, 2023
Statement Of Stockholders Equity [Abstract]
Units at beginning of period	3,753,190	3,753,190
Units issued and committed at end of period	3,753,190

Members' Capital - Additional I

Members' Capital - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Statement Of Stockholders Equity [Abstract]
Deemed distributions	$ 0	$ 0
Deemed contributions	$ 0	$ 0

Repurchase Obligations - Additi

Repurchase Obligations - Additional Information - (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Macquarie US Trading LLC
Repurchase Agreement Counterparty [Line Items]
Interest expense on repurchase transactions	$ 209,000	$ 247,000
Interest under the repurchase obligations calculation description		Interest expense under these Repurchase Obligations is calculated as the product of (i) the difference in days between the trade date and the settlement date of the respective Macquarie Transaction and (ii) the interest rates listed in the table below, as stipulated in the respective repurchase agreements.
Outstanding repurchase obligations	19,916,000	$ 19,916,000	$ 0
Barclays Transaction
Repurchase Agreement Counterparty [Line Items]
Interest expense on repurchase transactions	208,000	274,000
Outstanding repurchase obligations	$ 0	$ 0	$ 0
Barclays Transaction One
Repurchase Agreement Counterparty [Line Items]
Repurchase Agreement Entered Date		Jan. 01, 2023
Repurchase agreement settlement date		Jan. 25, 2023
Barclays Transaction Two
Repurchase Agreement Counterparty [Line Items]
Repurchase Agreement Entered Date		Apr. 03, 2023
Repurchase agreement settlement date		Apr. 25, 2023

Repurchase Obligations - Schedu

Repurchase Obligations - Schedule of Interest Expense Under Repurchase Obligations (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares
Florida Marine Transporters, LLC
Repurchase Agreement Counterparty [Line Items]
Agreement Date	Mar. 16, 2023
Interest Rate	$ 0.00021626
Settlement Date	Mar. 29, 2023
Del Real, LLC
Repurchase Agreement Counterparty [Line Items]
Agreement Date	Mar. 28, 2023
Interest Rate	$ 0.00022052
Settlement Date	Apr. 20, 2023
Baxters North America Holdings, Inc.
Repurchase Agreement Counterparty [Line Items]
Agreement Date	May 17, 2023
Interest Rate	$ 0.00023097
Settlement Date	May 31, 2023
Five Star Buyer, Inc.
Repurchase Agreement Counterparty [Line Items]
Agreement Date	May 11, 2023
Interest Rate	$ 0.00022815
Settlement Date	Jun. 28, 2023
Propulsion Acquisition, LLC
Repurchase Agreement Counterparty [Line Items]
Agreement Date	May 22, 2023
Interest Rate	$ 0.00022955
Settlement Date	Jun. 28, 2023
Mark Andy, Inc.
Repurchase Agreement Counterparty [Line Items]
Agreement Date	Jun. 16, 2023
Interest Rate	$ 0.00023023
Sunland Asphalt & Construction, LLC
Repurchase Agreement Counterparty [Line Items]
Agreement Date	Jun. 16, 2023
Interest Rate	$ 0.00023023
CSAT Holdings, LLC
Repurchase Agreement Counterparty [Line Items]
Agreement Date	Jun. 30, 2023
Interest Rate	$ 0.00023089

Repurchase Obligations - Sche_2

Repurchase Obligations - Schedule of Interest Expense Under Repurchase Obligations (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Macquarie US Trading LLC [Member]
Repurchase Agreement Counterparty [Line Items]
Outstanding repurchase obligations	$ 19,916	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Federal income tax provision	$ 0
Unrecognized tax benefits		$ 0
Interest or penalties accrued		$ 0

Income Taxes - Schedule of Aggr

Income Taxes - Schedule of Aggregate Investment Unrealized Appreciation and Depreciation for Federal Income Tax Purposes (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Cost of investments for federal income tax purposes	$ 146,974	$ 47,564
Unrealized appreciation	587	0
Unrealized depreciation	(252)	(1)
Net unrealized depreciation on investments	$ 335	$ (1)

Financial Highlights - Schedule

Financial Highlights - Schedule of Net Asset Value Per Unit and Reflects all Units Issued and Outstanding (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	[1]
Investment Company [Abstract]
Net Asset Value Per Unit (accrual base), Beginning of Period	$ 99.88
Income from Investment Operations:
Net investment income	0.29
Net realized and unrealized gain	0.13
Total income from investment operations	0.42
Net Asset Value Per Unit (accrual base), End of Period	$ 100.30
Common Unitholder Total Return	4.32%	[2],[3]
Common Unitholder IRR	6.07%	[4]
Ratios and Supplemental Data
Members' Capital, Ending Balance | $	$ 68,135
Units outstanding, end of period | shares	3,753,190
Ratios based on average net assets of Members' Capital:
Ratio of total expenses to average net assets	1.76%	[5]
Ratio of net investment income to average net assets	1.35%
Portfolio turnover rate	8.16%
[1] Per unit data was calculated using the number of Units issued and outstanding as of June 30, 2023 . Not annualized. The Total Return for the six months ended June 30, 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. The Internal Rate of Return (“IRR”) since inception for the Common Unitholders, after management fees, financing costs and operating expenses, is 6.07 % through June 30, 2023. 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. The Internal Rate of Return (IRR) for the three months ended June 30, 2023 is not considered meaningful because of the limited time since initial investment and early stage of capital deployment. Annualized.

Financial Highlights - Schedu_2

Financial Highlights - Schedule of Net Asset Value Per Unit and Reflects all Units Issued and Outstanding (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2023
Investment Company [Abstract]
Ratio of internal rate of return for common unitholders	6.07%