New Mountain Guardian IV Unlevered BDC, L.L.C. 10-Q 13 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 13, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	814-01639
Entity Registrant Name	New Mountain Guardian IV Income Fund, L.L.C.
Entity Address, Address Line One	1633 Broadway, 48th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	720-0300
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-0964074
Entity Current Reporting Status	Yes
Entity Interactive Data Current	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		10,560,000
Entity Central Index Key	0001976719
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1

Statements of Assets, Liabiliti

Statements of Assets, Liabilities and Members' Capital - USD ($) $ in Thousands	Mar. 31, 2024		Dec. 31, 2023
Assets
Non-controlled/non-affiliated investments at fair value (cost of $129,406 and $85,367, respectively)	$ 131,195	[1]	$ 86,613	[2]
Cash and cash equivalents	1,520		19,876
Interest receivable	1,146		687
Other assets	106		148
Total assets	133,967		107,324
Borrowings
Deferred financing costs (net of accumulated amortization of $109 and $68, respectively)	(143)		(144)
Net borrowings	9,657		(144)
Payable for unsettled securities purchased	13,124		0
Distribution payable	2,883		0
Accrued organizational and offering expenses	796		804
Incentive fee payable	444		153
Management fee payable	228		120
Interest payable	56		66
Total liabilities	27,860		1,494
Commitments and contingencies (See Note 8)
Members' Capital
Common units, $10,560,000 and $10,560,000 units issued and outstanding, respectively	105,445		105,445
Accumulated underdistributed earnings	662		385
Total members' capital	106,107		105,830
Total liabilities and members' capital	$ 133,967		$ 107,324
Members' capital per unit (in dollars per share)	$ 10.05		$ 10.02
Payable to affiliate
Borrowings
Payable to affiliates/ Other liabilities	$ 140		$ 63
Nonrelated Party
Borrowings
Payable to affiliates/ Other liabilities	532		432
BMO Subscription Line
Borrowings
BMO Subscription Line	$ 9,800		$ 0
[1] New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act.

Statements of Assets, Liabili_2

Statements of Assets, Liabilities and Members' Capital (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024		Dec. 31, 2023
Statement of Financial Position [Abstract]
Investments, cost	$ 129,406	[1]	$ 85,367	[2]
Deferred financing costs, accumulated amortization	$ 109		$ 68
Common units, issued (in shares)	10,560,000		10,560,000
Common units, outstanding (in shares)	10,560,000		10,560,000
[1] New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act.

Statement of Operations

Statement of Operations $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Investment income
Interest income (excluding Payment-in-kind ("PIK") interest income)	$ 3,098
PIK interest income	144
Fee income	458
Total investment income	3,700
Expenses
Incentive fee	291
Administrative expenses	229
Professional fees	218
Management fee	216
Organizational and offering expenses	142
Interest and other financing expenses	138
Other general and administrative expenses	31
Total expenses	1,265
Less: expenses waived (See Note 5)	(74)
Less: management fees waived (See Note 5)	(108)
Net expenses	1,083
Net investment income (loss)	2,617
Net change in unrealized appreciation (depreciation) of investments	543
Net realized and unrealized gains (losses)	543
Net increase (decrease) in members' capital resulting from operations	$ 3,160
Earnings (loss) per unit - basic (in dollars per share) | $ / shares	$ 0.30
Earnings (loss) per unit - diluted (in dollars per share) | $ / shares	$ 0.30
Weighted average common units outstanding - basic (in shares) | shares	10,560,000
Weighted average common units outstanding - diluted (in shares) | shares	10,560,000

Statement of Changes in Members

Statement of Changes in Members' Capital $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Increase (decrease) in members' capital resulting from operations:
Net investment income (loss)	$ 2,617
Net change in unrealized appreciation (depreciation) of investments	543
Net increase (decrease) in members' capital resulting from operations	3,160
Capital transactions
Distributions declared to unitholders from net investment income	(2,883)
Total net increase (decrease) in members' capital resulting from capital transactions	(2,883)
Net increase (decrease) in members' capital	277
Members' capital at the beginning of the period	105,830
Members' capital at the end of the period	$ 106,107

Statement of Cash Flows

Statement of Cash Flows $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Cash flows from operating activities
Net increase in members' capital resulting from operations	$ 3,160
Adjustments to reconcile net increase in members' capital resulting from operations to net cash used in operating activities:
Net change in unrealized (appreciation) depreciation of investments	(543)
Amortization of purchase discount	(122)
Amortization of deferred financing costs	40
Amortization of deferred offering costs	68
Non-cash investment income	(131)
(Increase) decrease in operating assets:
Proceeds from sales and paydowns of investments	154
Cash repayments on drawn revolvers	392
Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities	22
Interest and dividend receivable	(459)
Other assets	(23)
Increase (decrease) in operating liabilities:
Payable for unsettled securities purchased	13,124
Interest payable	(10)
Incentive fee payable	291
Management fee payable	108
Accrued organizational and offering expenses	(8)
Payable to affiliate	77
Other liabilities	102
Net cash flows used in operating activities	(28,112)
Cash flows from financing activities
Proceeds from BMO Subscription Line	9,800
Deferred financing costs paid	(44)
Net cash flows provided by financing activities	9,756
Net increase (decrease) in cash and cash equivalents	(18,356)
Cash and cash equivalents at the beginning of the period	19,876
Cash and cash equivalents at the end of the period	1,520
Supplemental disclosure of cash flow information
Cash interest paid	90
Non-cash financing activities:
Distributions declared and payable	2,883
Accrual for deferred credit facility costs	32
Accrual for deferred offering costs	2
Delayed Drawn Facilities
(Increase) decrease in operating assets:
Purchase of investments and delayed draw facilities	(43,816)
Drawn revolvers
(Increase) decrease in operating assets:
Purchase of investments and delayed draw facilities	(514)
Drawn revolving credit facilities
(Increase) decrease in operating assets:
Purchase of investments and delayed draw facilities	$ (24)

Schedule of Investments

Schedule of Investments - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Cost		$ 129,406	[1]	$ 85,367	[2]
Fair Value		$ 131,195	[1]	$ 86,613	[2]
Percent of Members' Capital		123.65%	[1]	81.84%	[2]
Percent of Total Investments at Fair Value		100%		100%
Total assets represented by investments at fair value (as a percent)		3.94%		2.61%
Non-controlled/Non-affiliated
Schedule of Investments [Line Items]
Cost		$ 129,406
Fair Value		$ 131,195
Percent of Members' Capital		123.65%
Business Services
Schedule of Investments [Line Items]
Cost		$ 46,414		$ 34,107
Fair Value		$ 46,723		$ 34,304
Business Services | Investments at Fair Value | Industry Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		35.62%		39.60%
Software
Schedule of Investments [Line Items]
Cost		$ 52,278		$ 29,533
Fair Value		$ 52,790		$ 29,969
Software | Investments at Fair Value | Industry Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		40.24%		34.60%
Healthcare
Schedule of Investments [Line Items]
Cost		$ 12,850		$ 9,342
Fair Value		$ 12,946		$ 9,387
Healthcare | Investments at Fair Value | Industry Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		9.87%		10.84%
Education
Schedule of Investments [Line Items]
Cost		$ 7,080		$ 3,215
Fair Value		$ 7,244		$ 3,351
Education | Investments at Fair Value | Industry Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		5.52%		3.87%
Food & Beverage
Schedule of Investments [Line Items]
Cost		$ 4,588		$ 3,937
Fair Value		$ 5,253		$ 4,335
Food & Beverage | Investments at Fair Value | Industry Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		4%		5.01%
Consumer Services
Schedule of Investments [Line Items]
Cost		$ 3,584		$ 2,941
Fair Value		$ 3,623		2,975
Consumer Services | Investments at Fair Value | Industry Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		2.76%
Financial Services
Schedule of Investments [Line Items]
Cost		$ 2,612		2,292
Fair Value		$ 2,616		$ 2,292
Financial Services | Investments at Fair Value | Industry Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		1.99%		2.65%
Consumer Services | Investments at Fair Value | Industry Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value				3.43%
Funded Debt Investments
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 131,958		$ 87,694
Cost		129,463		85,407
Fair Value		$ 131,271		$ 86,661
Percent of Members' Capital		123.72%		81.89%
Funded Debt Investments | iCIMS, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 6,841
Cost		6,811
Fair Value		$ 6,909
Percent of Members' Capital		6.51%
Funded Debt Investments | Al Altius US Bidco, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 4,372		$ 4,372
Cost		4,347		4,347
Fair Value		$ 4,372		$ 4,372
Percent of Members' Capital		4.12%		4.13%
Funded Debt Investments | Affinipay Midco, LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,990		$ 4,000
Cost		3,990		4,001
Fair Value		$ 3,990		$ 4,000
Percent of Members' Capital		3.76%		3.78%
Funded Debt Investments | Higginbotham Insurance Agency, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,915
Cost		3,906
Fair Value		$ 3,915
Percent of Members' Capital		3.69%
Funded Debt Investments | USRP Holdings, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,428		$ 3,436
Cost		3,416		3,424
Fair Value		$ 3,428		$ 3,436
Percent of Members' Capital		3.23%		3.25%
Funded Debt Investments | Kaseya Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,279		$ 3,258
Cost		3,248		3,228
Fair Value		$ 3,279		$ 3,258
Percent of Members' Capital		3.09%		3.08%
Funded Debt Investments | Ncontracts, LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,168
Cost		3,130
Fair Value		$ 3,129
Percent of Members' Capital		2.95%
Funded Debt Investments | DOXA Insurance Holdings LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 2,858
Cost		2,830
Fair Value		$ 2,830
Percent of Members' Capital		2.67%
Funded Debt Investments | Verdantas LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 2,308
Cost		2,299
Fair Value		$ 2,298
Percent of Members' Capital		2.16%
Funded Debt Investments | Wealth Enhancement Group, LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,995		$ 2,000
Cost		1,995		2,001
Fair Value		$ 1,995		$ 2,000
Percent of Members' Capital		1.88%		1.89%
Funded Debt Investments | Businessolver.com, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,817		$ 1,796
Cost		1,817		1,796
Fair Value		$ 1,817		$ 1,796
Percent of Members' Capital		1.71%		1.70%
Funded Debt Investments | More cowbell II LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,611		$ 1,611
Cost		1,600		1,600
Fair Value		$ 1,599		$ 1,599
Percent of Members' Capital		1.51%		1.51%
Funded Debt Investments | AWP Group Holdings, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,081		$ 1,068
Cost		1,070		1,057
Fair Value		$ 1,069		$ 1,057
Percent of Members' Capital		1.01%		1%
Funded Debt Investments | KENG Acquisition, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,069		$ 1,071
Cost		1,057		1,059
Fair Value		$ 1,056		$ 1,059
Percent of Members' Capital		1%		1%
Funded Debt Investments | IG Investments Holdings, LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 962
Cost		962
Fair Value		$ 962
Percent of Members' Capital		0.91%
Funded Debt Investments | PDQ.com Corporation
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 472
Cost		468
Fair Value		$ 476
Percent of Members' Capital		0.45%
Funded Debt Investments | Accession Risk Management Group, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value				$ 361
Cost				361
Fair Value				$ 361
Percent of Members' Capital				0.34%
Funded Debt Investments | United States
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 131,285		$ 87,021
Cost		128,798		84,741
Fair Value		$ 130,606		$ 85,995
Percent of Members' Capital		123.09%		81.26%
Funded Debt Investments | Australia
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 673		$ 673
Cost		665		666
Fair Value		$ 665		$ 666
Percent of Members' Capital		0.63%		0.63%
Funded Investments
Schedule of Investments [Line Items]
Cost		$ 129,463		$ 85,407
Fair Value		$ 131,271		$ 86,661
Percent of Members' Capital		123.72%		81.89%
Unfunded Debt Investments
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 51,109		$ 27,177
Cost		(57)		(40)
Fair Value		$ (76)		$ (48)
Percent of Members' Capital		(0.07%)		(0.05%)
Unfunded Debt Investments | iCIMS, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,645
Cost		(3)
Fair Value		$ 0
Percent of Members' Capital		0%
Unfunded Debt Investments | USRP Holdings, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,061		$ 1,060
Cost		0		0
Fair Value		$ 0		$ 0
Percent of Members' Capital		0%		0%
Unfunded Debt Investments | Kaseya Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,329		$ 324
Cost		(1)		(3)
Fair Value		$ 0		$ 0
Percent of Members' Capital		0%		0%
Unfunded Debt Investments | Ncontracts, LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 551		$ 580
Cost		(3)		(4)
Fair Value		$ (7)		$ (4)
Percent of Members' Capital		(0.01%)		(0.00%)
Unfunded Debt Investments | DOXA Insurance Holdings LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,586		$ 2,391
Cost		(4)		(4)
Fair Value		$ (16)		$ (4)
Percent of Members' Capital		(0.02%)		(0.00%)
Unfunded Debt Investments | Wealth Enhancement Group, LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,060
Cost		(1)
Fair Value		$ 0
Percent of Members' Capital		0%
Unfunded Debt Investments | More cowbell II LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 352		$ 352
Cost		(1)		(1)
Fair Value		$ (1)		$ (1)
Percent of Members' Capital		(0.00%)		(0.00%)
Unfunded Debt Investments | AWP Group Holdings, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 659		$ 674
Cost		(1)		(2)
Fair Value		$ (6)		$ (7)
Percent of Members' Capital		(0.01%)		(0.01%)
Unfunded Debt Investments | KENG Acquisition, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 813		$ 813
Cost		(3)		(3)
Fair Value		$ (10)		$ (10)
Percent of Members' Capital		(0.01%)		(0.02%)
Unfunded Debt Investments | PDQ.com Corporation
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 440
Cost		(1)
Fair Value		$ 3
Percent of Members' Capital		0%
Unfunded Debt Investments | MRI Software LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,860		$ 1,860
Cost		(1)		(1)
Fair Value		$ 0		$ 0
Percent of Members' Capital		0%		0%
Unfunded Debt Investments | PetVet Care Centers, LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 776		$ 776
Cost		(4)		(4)
Fair Value		$ 0		$ 0
Percent of Members' Capital		0%		0%
Unfunded Debt Investments | Brave Parent Holdings, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 348
Cost		(1)
Fair Value		$ (1)
Percent of Members' Capital		(0.00%)
Unfunded Debt Investments | PDI TA Holdings, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 854
Cost		(1)
Fair Value		$ (1)
Percent of Members' Capital		(0.00%)
Unfunded Debt Investments | Next Holdco, LLC
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 620		$ 620
Cost		(1)		(1)
Fair Value		$ (1)		$ (1)
Percent of Members' Capital		(0.00%)		(0.00%)
Unfunded Debt Investments | GS Acquisitionco, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,454
Cost		(2)
Fair Value		$ (2)
Percent of Members' Capital		(0.00%)
Unfunded Debt Investments | KENE Acquisition, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,014
Cost		(2)
Fair Value		$ (2)
Percent of Members' Capital		(0.00%)
Unfunded Debt Investments | Enverus Holdings, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 336		$ 336
Cost		(1)		(2)
Fair Value		$ (3)		$ (2)
Percent of Members' Capital		(0.00%)		(0.00%)
Unfunded Debt Investments | Zone Climate Services, Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,255		$ 1,648
Cost		(1)		(2)
Fair Value		$ (6)		$ 0
Percent of Members' Capital		(0.01%)		0%
Unfunded Debt Investments | Ciklum Inc.
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,870
Cost		(9)
Fair Value		$ (10)
Percent of Members' Capital		(0.01%)
Unfunded Debt Investments | Brave Parent Holdings, Inc
Schedule of Investments [Line Items]
Principal Amount or Par Value				$ 348
Cost				(1)
Fair Value				$ (1)
Percent of Members' Capital				(0.00%)
Unfunded Debt Investments | PDQ com Corporation
Schedule of Investments [Line Items]
Principal Amount or Par Value				$ 458
Cost				(2)
Fair Value				$ 0
Percent of Members' Capital				0%
Unfunded Debt Investments | United States
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 51,109		$ 27,177
Cost		(57)		(40)
Fair Value		$ (76)		$ (48)
Percent of Members' Capital		(0.07%)		(0.05%)
First lien
Schedule of Investments [Line Items]
Cost		$ 122,828		$ 82,696
Fair Value		$ 124,405		$ 83,830
First lien | Investments at Fair Value | Investment Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		94.82%		96.79%
Second lien
Schedule of Investments [Line Items]
Cost		$ 3,896		$ 717
Fair Value		$ 3,946		$ 752
Second lien | Investments at Fair Value | Investment Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		3.01%		0.87%
Floating rates | Investments at Fair Value | Interest Rate Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		97.83%		97.66%
Fixed rates | Investments at Fair Value | Interest Rate Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		2.17%		2.34%
Subordinated
Schedule of Investments [Line Items]
Cost		$ 2,682		$ 1,954
Fair Value		$ 2,844		$ 2,031
Subordinated | Investments at Fair Value | Investment Type
Schedule of Investments [Line Items]
Percent of Total Investments at Fair Value		2.17%		2.34%
Investment, Identifier [Axis]: AAH Topco, LLC, First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	6%
Interest Rate	[3],[4],[5]	11.43%
Principal Amount or Par Value	[4],[5]	$ 656
Cost	[4],[5]	650
Fair Value	[4],[5]	$ 656
Percent of Members' Capital		0.62%
Investment, Identifier [Axis]: AAH Topco, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 3,094	[4],[5]	$ 3,750	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		$ 0	[4],[5]	$ 0	[6],[7]
Percent of Members' Capital		0%		0%	[6],[7]
Investment, Identifier [Axis]: AWP Group Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.50%
Interest Rate	[3],[5]	10.90%
Principal Amount or Par Value	[5]	$ 995
Cost	[5]	986
Fair Value	[5]	$ 985
Investment, Identifier [Axis]: AWP Group Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			5.50%
Interest Rate	[7],[8]			10.95%
Principal Amount or Par Value	[7]			$ 998
Cost	[7]			988
Fair Value	[7]			$ 988
Investment, Identifier [Axis]: AWP Group Holdings, Inc., First Lien - Drawn 1
Schedule of Investments [Line Items]
Spread		5.50%	[3],[4],[5]	5.50%	[6],[7],[8]
Interest Rate		10.91%	[3],[4],[5]	10.95%	[6],[7],[8]
Principal Amount or Par Value		$ 60	[4],[5]	$ 44	[6],[7]
Cost		59	[4],[5]	44	[6],[7]
Fair Value		$ 59	[4],[5]	$ 44	[6],[7]
Investment, Identifier [Axis]: AWP Group Holdings, Inc., First Lien - Drawn 2
Schedule of Investments [Line Items]
Spread		5.50%	[3],[4],[5]	5.50%	[6],[7],[8]
Interest Rate		10.90%	[3],[4],[5]	10.95%	[6],[7],[8]
Principal Amount or Par Value		$ 26	[4],[5]	$ 26	[6],[7]
Cost		25	[4],[5]	25	[6],[7]
Fair Value		25	[4],[5]	25	[6],[7]
Investment, Identifier [Axis]: AWP Group Holdings, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		146	[4],[5]	161	[6],[7]
Cost		(1)	[4],[5]	(2)	[6],[7]
Fair Value		(1)	[4],[5]	(2)	[6],[7]
Investment, Identifier [Axis]: AWP Group Holdings, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		513	[4],[5]	513	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		$ (5)	[4],[5]	$ (5)	[6],[7]
Investment, Identifier [Axis]: Accession Risk Management Group, Inc. First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			6%
Interest Rate	[7],[8]			11.41%
Principal Amount or Par Value	[7]			$ 250
Cost	[7]			250
Fair Value	[7]			$ 250
Investment, Identifier [Axis]: Accession Risk Management Group, Inc. First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[6],[7],[8]			6%
Interest Rate	[6],[7],[8]			11.35%
Principal Amount or Par Value	[6],[7]			$ 111
Cost	[6],[7]			111
Fair Value	[6],[7]			111
Investment, Identifier [Axis]: Accession Risk Management Group, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6%
Interest Rate	[3],[5]	11.31%
Principal Amount or Par Value	[5]	$ 880
Cost	[5]	880
Fair Value	[5]	$ 880
Percent of Members' Capital		0.83%
Investment, Identifier [Axis]: Accession Risk Management Group, Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,117	[4],[5]	1,639	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		$ 0	[4],[5]	$ 0	[6],[7]
Percent of Members' Capital		0%		0%	[6],[7]
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 1
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.50%	[7],[8]
Interest Rate		10.81%	[3],[5]	10.88%	[7],[8]
Principal Amount or Par Value		$ 2,740	[5]	$ 2,747	[7]
Cost		2,740	[5]	2,748	[7]
Fair Value		$ 2,740	[5]	$ 2,747	[7]
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 2
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.50%	[7],[8]
Interest Rate		10.82%	[3],[5]	10.86%	[7],[8]
Principal Amount or Par Value		$ 487	[5]	$ 488	[7]
Cost		487	[5]	488	[7]
Fair Value		$ 487	[5]	$ 488	[7]
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 3
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.50%	[7],[8]
Interest Rate		10.81%	[3],[5]	10.88%	[7],[8]
Principal Amount or Par Value		$ 420	[5]	$ 421	[7]
Cost		420	[5]	421	[7]
Fair Value		$ 420	[5]	$ 421	[7]
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 4
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.50%	[7],[8]
Interest Rate		10.81%	[3],[5]	10.88%	[7],[8]
Principal Amount or Par Value		$ 274	[5]	$ 275	[7]
Cost		274	[5]	275	[7]
Fair Value		$ 274	[5]	$ 275	[7]
Investment, Identifier [Axis]: Affinipay Midco, LLC, First Lien 5
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.50%	[7],[8]
Interest Rate		10.81%	[3],[5]	10.88%	[7],[8]
Principal Amount or Par Value		$ 69	[5]	$ 69	[7]
Cost		69	[5]	69	[7]
Fair Value		$ 69	[5]	$ 69	[7]
Investment, Identifier [Axis]: Al Altius US Bidco, Inc., First Lien 1
Schedule of Investments [Line Items]
Spread		5.08%	[3],[5]	5.08%	[7],[8]
Interest Rate		10.43%	[3],[5]	10.43%	[7],[8]
Principal Amount or Par Value		$ 1,549	[5]	$ 1,549	[7]
Cost		1,541	[5]	1,541	[7]
Fair Value		$ 1,549	[5]	$ 1,549	[7]
Investment, Identifier [Axis]: Al Altius US Bidco, Inc., First Lien 2
Schedule of Investments [Line Items]
Spread		5.08%	[3],[5]	5.08%	[7],[8]
Interest Rate		10.43%	[3],[5]	10.43%	[7],[8]
Principal Amount or Par Value		$ 1,424	[5]	$ 1,424	[7]
Cost		1,414	[5]	1,413	[7]
Fair Value		$ 1,424	[5]	$ 1,424	[7]
Investment, Identifier [Axis]: Al Altius US Bidco, Inc., First Lien 3
Schedule of Investments [Line Items]
Spread		5.08%	[3],[5]	5.08%	[7],[8]
Interest Rate		10.43%	[3],[5]	10.43%	[7],[8]
Principal Amount or Par Value		$ 1,399	[5]	$ 1,399	[7]
Cost		1,392	[5]	1,393	[7]
Fair Value		$ 1,399	[5]	$ 1,399	[7]
Investment, Identifier [Axis]: Alegeus Technologies Holdings Corp., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	8.25%
Interest Rate	[3],[5]	13.75%
Principal Amount or Par Value	[5]	$ 3,513
Cost	[5]	3,513
Fair Value	[5]	$ 3,513
Percent of Members' Capital		3.31%
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	5.50%
Interest Rate	[3],[4],[5]	10.92%
Principal Amount or Par Value	[4],[5]	$ 317
Cost	[4],[5]	314
Fair Value	[4],[5]	$ 317
Percent of Members' Capital		0.30%
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[6],[7],[8]			5.50%
Interest Rate	[6],[7],[8]			10.96%
Principal Amount or Par Value	[6],[7]			$ 110
Cost	[6],[7]			109
Fair Value	[6],[7]			$ 110
Percent of Members' Capital	[6],[7]			0.10%
Investment, Identifier [Axis]: Allworth Financial Group, L.P., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,500	[4],[5]	$ 1,708	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		$ 0	[4],[5]	$ 0	[6],[7]
Percent of Members' Capital		0%		0%	[6],[7]
Investment, Identifier [Axis]: Anaplan, Inc, First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			6.50%
Interest Rate	[7],[8]			11.85%
Principal Amount or Par Value	[7]			$ 3,000
Cost	[7]			2,985
Fair Value	[7]			$ 3,000
Percent of Members' Capital	[7]			2.83%
Investment, Identifier [Axis]: Anaplan, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6.50%
Interest Rate	[3],[5]	11.81%
Principal Amount or Par Value	[5]	$ 4,667
Cost	[5]	4,652
Fair Value	[5]	$ 4,667
Percent of Members' Capital		4.40%
Investment, Identifier [Axis]: Associations, Inc., First Lien
Schedule of Investments [Line Items]
Spread		4%	[3],[5]	4%	[7],[8],[9]
PIK		2.50%	[3],[5]	2.50%	[7],[8],[9]
Interest Rate		12.09%	[3],[5]	12.16%	[7],[8],[9]
Principal Amount or Par Value		$ 4,015	[5]	$ 4,000	[7],[9]
Cost		3,997	[5]	3,981	[7],[9]
Fair Value		$ 4,015	[5]	$ 4,000	[7],[9]
Percent of Members' Capital		3.78%		3.78%	[7],[9]
Investment, Identifier [Axis]: Atlas AU Bidco Pty Ltd, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6.75%
Interest Rate	[3],[5]	12.05%
Principal Amount or Par Value	[5]	$ 673
Cost	[5]	665
Fair Value	[5]	$ 665
Percent of Members' Capital		0.63%
Investment, Identifier [Axis]: Atlas AU Bidco Pty Ltd, Fist Lien
Schedule of Investments [Line Items]
Spread	[8],[10]			6.75%
Interest Rate	[8],[10]			12.11%
Principal Amount or Par Value	[10]			$ 673
Cost	[10]			666
Fair Value	[10]			$ 666
Percent of Members' Capital	[10]			0.63%
Investment, Identifier [Axis]: Avalara, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	7.25%
Interest Rate	[3],[5]	12.56%
Principal Amount or Par Value	[5]	$ 1,515
Cost	[5]	1,515
Fair Value	[5]	$ 1,515
Percent of Members' Capital		1.43%
Investment, Identifier [Axis]: Avalara, Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 152
Cost	[4],[5]	0
Fair Value	[4],[5]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: Bluefin Holding, LLC, First Lien
Schedule of Investments [Line Items]
Spread		7.25%	[3],[5]	7.25%	[7],[8]
Interest Rate		12.57%	[3],[5]	12.72%	[7],[8]
Principal Amount or Par Value		$ 3,175	[5]	$ 3,175	[7]
Cost		3,138	[5]	3,137	[7]
Fair Value		$ 3,159	[5]	$ 3,136	[7]
Percent of Members' Capital		2.98%		2.96%	[7]
Investment, Identifier [Axis]: Bluefin Holding, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 313
Cost	[4],[5]	(5)
Fair Value	[4],[5]	$ (2)
Percent of Members' Capital		(0.00%)
Investment, Identifier [Axis]: Bluefin Holding, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			$ 313
Cost	[6],[7]			(4)
Fair Value	[6],[7]			$ (4)
Percent of Members' Capital	[6],[7]			(0.00%)
Investment, Identifier [Axis]: Brave Parent Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5%
Interest Rate	[3],[5]	10.31%
Principal Amount or Par Value	[5]	$ 2,039
Cost	[5]	2,029
Fair Value	[5]	$ 2,029
Percent of Members' Capital		1.91%
Investment, Identifier [Axis]: Brave Parent Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			5%
Interest Rate	[7],[8]			10.36%
Principal Amount or Par Value	[7]			$ 2,039
Cost	[7]			2,029
Fair Value	[7]			$ 2,029
Percent of Members' Capital	[7]			1.92%
Investment, Identifier [Axis]: Brave Parent Holdings, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 232	[4],[5]	$ 232	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		0	[4],[5]	0	[6],[7]
Investment, Identifier [Axis]: Brave Parent Holdings, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		116	[4],[5]	116	[6],[7]
Cost		(1)	[4],[5]	(1)	[6],[7]
Fair Value		$ (1)	[4],[5]	$ (1)	[6],[7]
Investment, Identifier [Axis]: Businessolver.com, Inc., First Lien
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.50%	[7],[8]
Interest Rate		10.91%	[3],[5]	10.96%	[7],[8]
Principal Amount or Par Value		$ 1,742	[5]	$ 1,747	[7]
Cost		1,742	[5]	1,747	[7]
Fair Value		$ 1,742	[5]	$ 1,747	[7]
Investment, Identifier [Axis]: Businessolver.com, Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread		5.50%	[3],[4],[5]	5.50%	[6],[7],[8]
Interest Rate		10.91%	[3],[4],[5]	10.96%	[6],[7],[8]
Principal Amount or Par Value		$ 75	[4],[5]	$ 49	[6],[7]
Cost		75	[4],[5]	49	[6],[7]
Fair Value		75	[4],[5]	49	[6],[7]
Investment, Identifier [Axis]: Businessolver.com, Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value		237	[4],[5]	263	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		$ 0	[4],[5]	$ 0	[6],[7]
Percent of Members' Capital		0%		0%	[6],[7]
Investment, Identifier [Axis]: Calabrio, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	7.13%
Interest Rate	[3],[5]	12.45%
Principal Amount or Par Value	[5]	$ 241
Cost	[5]	239
Fair Value	[5]	$ 239
Percent of Members' Capital		0.23%
Investment, Identifier [Axis]: Ciklum Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	7%
Interest Rate	[3],[5]	12.41%
Principal Amount or Par Value	[5]	$ 2,482
Cost	[5]	2,452
Fair Value	[5]	$ 2,451
Percent of Members' Capital		2.31%
Investment, Identifier [Axis]: Ciklum Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 3,096
Cost	[4],[5]	0
Fair Value	[4],[5]	0
Investment, Identifier [Axis]: Ciklum Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	774
Cost	[4],[5]	(9)
Fair Value	[4],[5]	$ (10)
Investment, Identifier [Axis]: CommerceHub, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6.25%
Interest Rate	[3],[5]	11.58%
Principal Amount or Par Value	[5]	$ 1,975
Cost	[5]	1,788
Fair Value	[5]	$ 1,975
Percent of Members' Capital		1.86%
Investment, Identifier [Axis]: CommerceHub, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			6.25%
Interest Rate	[7],[8]			11.79%
Principal Amount or Par Value	[7]			$ 1,980
Cost	[7]			1,783
Fair Value	[7]			$ 1,980
Percent of Members' Capital	[7]			1.87%
Investment, Identifier [Axis]: DOXA Insurance Holdings LLC, First Lien
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.50%	[8]
Interest Rate		10.83%	[3],[5]	10.87%	[8]
Principal Amount or Par Value		$ 2,053	[5]	$ 2,054
Cost		2,033	[5]	2,033
Fair Value		$ 2,033	[5]	$ 2,033
Percent of Members' Capital				1.92%
Investment, Identifier [Axis]: DOXA Insurance Holdings LLC, First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	5.50%
Interest Rate	[3],[4],[5]	10.82%
Principal Amount or Par Value	[4],[5]	$ 805
Cost	[4],[5]	797
Fair Value	[4],[5]	797
Investment, Identifier [Axis]: DOXA Insurance Holdings LLC, First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		440	[4],[5]	$ 1,951	[6]
Cost		(4)	[4],[5]	0	[6]
Fair Value		(4)	[4],[5]	0	[6]
Investment, Identifier [Axis]: DOXA Insurance Holdings LLC, First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		1,146	[4],[5]	440	[6]
Cost		0	[4],[5]	(4)	[6]
Fair Value		$ (12)	[4],[5]	$ (4)	[6]
Investment, Identifier [Axis]: Enverus Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.50%	[8]
Interest Rate		10.83%	[3],[5]	10.86%	[8]
Principal Amount or Par Value		$ 2,664	[5]	$ 2,664
Cost		2,645	[5]	2,644
Fair Value		$ 2,644	[5]	$ 2,644
Percent of Members' Capital		2.49%		2.50%
Investment, Identifier [Axis]: Enverus Holdings, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 133	[4],[5]	$ 133	[6]
Cost		0	[4],[5]	0	[6]
Fair Value		(1)	[4],[5]	0	[6]
Investment, Identifier [Axis]: Enverus Holdings, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		203	[4],[5]	203	[6]
Cost		(1)	[4],[5]	(2)	[6]
Fair Value		(2)	[4],[5]	$ (2)	[6]
Investment, Identifier [Axis]: Foreside Financial Group, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4]	1,737
Cost	[4]	0
Fair Value	[4]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	6%
Interest Rate	[3],[4],[5]	11.43%
Principal Amount or Par Value	[4],[5]	$ 304
Cost	[4],[5]	304
Fair Value	[4],[5]	$ 304
Percent of Members' Capital		0.29%
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[6],[7],[8]			6%
Interest Rate	[6],[7],[8]			11.46%
Principal Amount or Par Value	[6],[7]			$ 182
Cost	[6],[7]			182
Fair Value	[6],[7]			$ 182
Percent of Members' Capital	[6],[7]			0.17%
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 1,695
Cost	[4],[5]	0
Fair Value	[4],[5]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: GC Waves Holdings, Inc., First Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			$ 1,817
Cost	[6],[7]			0
Fair Value	[6],[7]			$ 0
Percent of Members' Capital	[6],[7]			0%
Investment, Identifier [Axis]: GS Acquisitionco, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3]	5%
Interest Rate	[3]	10.30%
Principal Amount or Par Value		$ 670
Cost		672
Fair Value		$ 672
Percent of Members' Capital		0.63%
Investment, Identifier [Axis]: GS Acquisitionco, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4]	$ 2,763
Cost	[4]	0
Fair Value	[4]	0
Investment, Identifier [Axis]: GS Acquisitionco, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4]	691
Cost	[4]	(2)
Fair Value	[4]	$ (2)
Investment, Identifier [Axis]: Geo Parent Corporation, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.25%
Interest Rate	[3],[5]	10.50%
Principal Amount or Par Value	[5]	$ 3,653
Cost	[5]	3,620
Fair Value	[5]	$ 3,653
Percent of Members' Capital		3.44%
Investment, Identifier [Axis]: Geo Parent Corporation, First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			5.25%
Interest Rate	[7],[8]			10.80%
Principal Amount or Par Value	[7]			$ 3,654
Cost	[7]			3,619
Fair Value	[7]			$ 3,654
Percent of Members' Capital	[7]			3.45%
Investment, Identifier [Axis]: Greenway Health, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6.75%
Interest Rate	[3],[5]	11.93%
Principal Amount or Par Value	[5]	$ 3,175
Cost	[5]	3,130
Fair Value	[5]	$ 3,175
Percent of Members' Capital		2.99%
Investment, Identifier [Axis]: Greenway Health, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[8]			6.75%
Interest Rate	[8]			11.93%
Principal Amount or Par Value				$ 3,175
Cost				3,127
Fair Value				$ 3,127
Percent of Members' Capital				2.95%
Investment, Identifier [Axis]: Healthspan Buyer, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.75%
Interest Rate	[3],[5]	11.06%
Principal Amount or Par Value	[5]	$ 2,554
Cost	[5]	2,529
Fair Value	[5]	$ 2,528
Percent of Members' Capital		2.38%
Investment, Identifier [Axis]: Healthspan Buyer, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			5.75%
Interest Rate	[7],[8]			11.10%
Principal Amount or Par Value	[7]			$ 2,560
Cost	[7]			2,535
Fair Value	[7]			$ 2,535
Percent of Members' Capital	[7]			2.40%
Investment, Identifier [Axis]: Healthspan Buyer, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 614
Cost	[4],[5]	(6)
Fair Value	[4],[5]	$ (6)
Percent of Members' Capital		(0.01%)
Investment, Identifier [Axis]: Healthspan Buyer, LLC, First Line - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			$ 614
Cost	[6],[7]			(6)
Fair Value	[6],[7]			$ (6)
Percent of Members' Capital	[6],[7]			(0.01%)
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[6],[7],[8]			5.50%
Interest Rate	[6],[7],[8]			10.96%
Principal Amount or Par Value	[6],[7]			$ 1,329
Cost	[6],[7]			1,322
Fair Value	[6],[7]			$ 1,329
Percent of Members' Capital	[6],[7]			1.26%
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			$ 668
Cost	[6],[7]			0
Fair Value	[6],[7]			$ 0
Percent of Members' Capital	[6],[7]			0%
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc., First Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4]	$ 4,000
Cost	[4]	0
Fair Value	[4]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc., First lien 1
Schedule of Investments [Line Items]
Spread	[3],[5]	5.50%
Interest Rate	[3],[5]	10.93%
Principal Amount or Par Value	[5]	$ 3,019
Cost	[5]	3,010
Fair Value	[5]	$ 3,019
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc., First lien 2
Schedule of Investments [Line Items]
Spread	[3],[5]	5.50%
Interest Rate	[3],[5]	10.93%
Principal Amount or Par Value	[5]	$ 896
Cost	[5]	896
Fair Value	[5]	$ 896
Investment, Identifier [Axis]: Houghton Mifflin Harcourt Company, First Lien
Schedule of Investments [Line Items]
Spread		5.25%	[3]	5.25%	[8]
Interest Rate		10.68%	[3]	10.71%	[8]
Principal Amount or Par Value		$ 7,297		$ 3,411
Cost		7,080		3,215
Fair Value		$ 7,244		$ 3,351
Percent of Members' Capital		6.83%		3.17%
Investment, Identifier [Axis]: IG Investments Holdings, LLC, First Lien 1
Schedule of Investments [Line Items]
Spread	[3],[5]	6%
Interest Rate	[3],[5]	11.41%
Principal Amount or Par Value	[5]	$ 112
Cost	[5]	112
Fair Value	[5]	$ 112
Investment, Identifier [Axis]: IG Investments Holdings, LLC, First Lien 2
Schedule of Investments [Line Items]
Spread	[3],[5]	6%
Interest Rate	[3],[5]	11.41%
Principal Amount or Par Value	[5]	$ 850
Cost	[5]	850
Fair Value	[5]	$ 850
Investment, Identifier [Axis]: Icefall Parent, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6.50%
Interest Rate	[3],[5]	11.80%
Principal Amount or Par Value	[5]	$ 4,348
Cost	[5]	4,305
Fair Value	[5]	$ 4,304
Percent of Members' Capital		4.06%
Investment, Identifier [Axis]: Icefall Parent, Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 414
Cost	[4],[5]	(4)
Fair Value	[4],[5]	$ (4)
Percent of Members' Capital		(0.00%)
Investment, Identifier [Axis]: KENE Acquisition, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.25%
Interest Rate	[3],[5]	10.57%
Principal Amount or Par Value	[5]	$ 1,763
Cost	[5]	1,746
Fair Value	[5]	$ 1,746
Percent of Members' Capital		1.65%
Investment, Identifier [Axis]: KENE Acquisition, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 780
Cost	[4],[5]	0
Fair Value	[4],[5]	0
Investment, Identifier [Axis]: KENE Acquisition, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	234
Cost	[4],[5]	(2)
Fair Value	[4],[5]	$ (2)
Investment, Identifier [Axis]: KENG Acquisition, Inc. First Line - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			$ 225
Cost	[6],[7]			(3)
Fair Value	[6],[7]			(3)
Investment, Identifier [Axis]: KENG Acquisition, Inc. First Line - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			588
Cost	[6],[7]			0
Fair Value	[6],[7]			$ (7)
Investment, Identifier [Axis]: KENG Acquisition, Inc., First Lien
Schedule of Investments [Line Items]
Spread		6.25%	[3],[5]	6.25%	[7],[8]
Interest Rate		11.56%	[3],[5]	11.60%	[7],[8]
Principal Amount or Par Value		$ 926	[5]	$ 928	[7]
Cost		915	[5]	917	[7]
Fair Value		$ 914	[5]	$ 917	[7]
Investment, Identifier [Axis]: KENG Acquisition, Inc., First Lien - Drawn 1
Schedule of Investments [Line Items]
Spread	[6],[7],[8]			6.25%
Interest Rate	[6],[7],[8]			11.60%
Principal Amount or Par Value	[6],[7]			$ 115
Cost	[6],[7]			114
Fair Value	[6],[7]			$ 114
Investment, Identifier [Axis]: KENG Acquisition, Inc., First Lien - Drawn 1
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	6.25%
Interest Rate	[3],[4],[5]	11.56%
Principal Amount or Par Value	[4],[5]	$ 115
Cost	[4],[5]	114
Fair Value	[4],[5]	$ 114
Investment, Identifier [Axis]: KENG Acquisition, Inc., First Lien - Drawn 2
Schedule of Investments [Line Items]
Spread		6.25%	[3],[4],[5]	6.25%	[6],[7],[8]
Interest Rate		11.56%	[3],[4],[5]	11.60%	[6],[7],[8]
Principal Amount or Par Value		$ 28	[4],[5]	$ 28	[6],[7]
Cost		28	[4],[5]	28	[6],[7]
Fair Value		28	[4],[5]	$ 28	[6],[7]
Investment, Identifier [Axis]: KENG Acquisition, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	225
Cost	[4],[5]	(3)
Fair Value	[4],[5]	(3)
Investment, Identifier [Axis]: KENG Acquisition, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	588
Cost	[4],[5]	0
Fair Value	[4],[5]	$ (7)
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread		5.75%	[3],[4],[5]	5.75%	[6],[7],[8]
Interest Rate		11.18%	[3],[4],[5]	11.23%	[6],[7],[8]
Principal Amount or Par Value		$ 9	[4],[5]	$ 10	[6],[7]
Cost		9	[4],[5]	9	[6],[7]
Fair Value		$ 9	[4],[5]	$ 9	[6],[7]
Percent of Members' Capital		0.01%		0.01%	[6],[7]
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 784
Cost	[4],[5]	0
Fair Value	[4],[5]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: KPSKY Acquisition Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			$ 784
Cost	[6],[7]			0
Fair Value	[6],[7]			$ (8)
Percent of Members' Capital	[6],[7]			(0.01%)
Investment, Identifier [Axis]: Kaseya Inc., First Lien
Schedule of Investments [Line Items]
Spread	[7],[8],[9]			3.50%
PIK	[7],[8],[9]			2.50%
Interest Rate	[7],[8]			11.38%
Principal Amount or Par Value	[7]			$ 3,197
Cost	[7]			3,168
Fair Value	[7]			$ 3,197
Investment, Identifier [Axis]: Kaseya Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	5.50%
Interest Rate	[3],[4],[5]	10.83%
Principal Amount or Par Value	[4],[5]	$ 49
Cost	[4],[5]	48
Fair Value	[4],[5]	49
Investment, Identifier [Axis]: Kaseya Inc., First Lien - Drawn 1
Schedule of Investments [Line Items]
Spread	[6],[7],[8]			5.50%
Interest Rate	[6],[7],[8]			10.86%
Principal Amount or Par Value	[6],[7]			$ 49
Cost	[6],[7]			48
Fair Value	[6],[7]			$ 49
Investment, Identifier [Axis]: Kaseya Inc., First Lien - Drawn 2
Schedule of Investments [Line Items]
Spread	[6],[7],[8],[9]			3.50%
PIK	[6],[7],[8],[9]			2.50%
Interest Rate	[6],[7],[8]			11.38%
Principal Amount or Par Value	[6],[7]			$ 12
Cost	[6],[7]			12
Fair Value	[6],[7]			12
Investment, Identifier [Axis]: Kaseya Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		144	[4],[5]	144	[6],[7]
Cost		(1)	[4],[5]	(1)	[6],[7]
Fair Value		0	[4],[5]	0	[6],[7]
Investment, Identifier [Axis]: Kaseya Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		1,185	[4],[5]	180	[6],[7]
Cost		0	[4],[5]	(2)	[6],[7]
Fair Value		$ 0	[4],[5]	$ 0	[6],[7]
Investment, Identifier [Axis]: Kaseya Inc., First Lien 1
Schedule of Investments [Line Items]
Spread	[3],[5]	3.50%
PIK	[3],[5]	2.50%
Interest Rate	[3],[5]	11.31%
Principal Amount or Par Value	[5]	$ 3,218
Cost	[5]	3,188
Fair Value	[5]	$ 3,218
Investment, Identifier [Axis]: Kaseya Inc., First Lien 2
Schedule of Investments [Line Items]
Spread	[3],[5]	5.50%
Interest Rate	[3],[5]	10.81%
Principal Amount or Par Value	[5]	$ 12
Cost	[5]	12
Fair Value	[5]	$ 12
Investment, Identifier [Axis]: Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.) First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			5.75%
Interest Rate	[7],[8]			11.11%
Principal Amount or Par Value	[7]			$ 2,319
Cost	[7]			2,297
Fair Value	[7]			$ 2,319
Percent of Members' Capital	[7]			2.19%
Investment, Identifier [Axis]: Legal Spend Holdings, LLC (fka Bottomline Technologies, Inc.), First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.75%
Interest Rate	[3],[5]	11.08%
Principal Amount or Par Value	[5]	$ 2,319
Cost	[5]	2,298
Fair Value	[5]	$ 2,342
Percent of Members' Capital		2.21%
Investment, Identifier [Axis]: MRI Software LLC, First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 1,691	[4],[5]	$ 1,691	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		0	[4],[5]	0	[6],[7]
Investment, Identifier [Axis]: MRI Software LLC, First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		169	[4],[5]	169	[6],[7]
Cost		(1)	[4],[5]	(1)	[6],[7]
Fair Value		$ 0	[4],[5]	$ 0	[6],[7]
Investment, Identifier [Axis]: More cowbell II LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6%
Interest Rate	[3],[5]	11.09%
Principal Amount or Par Value	[5]	$ 1,570
Cost	[5]	1,559
Fair Value	[5]	$ 1,558
Investment, Identifier [Axis]: More cowbell II LLC, First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			6%
Interest Rate	[7],[8]			11.48%
Principal Amount or Par Value	[7]			$ 1,570
Cost	[7]			1,559
Fair Value	[7]			$ 1,558
Investment, Identifier [Axis]: More cowbell II LLC, First Lien - Drawn
Schedule of Investments [Line Items]
Spread		6%	[3],[4],[5]	6%	[6],[7],[8]
Interest Rate		11.28%	[3],[4],[5]	11.37%	[6],[7],[8]
Principal Amount or Par Value		$ 41	[4],[5]	$ 41	[6],[7]
Cost		41	[4],[5]	41	[6],[7]
Fair Value		41	[4],[5]	41	[6],[7]
Investment, Identifier [Axis]: More cowbell II LLC, First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		171	[4],[5]	171	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		0	[4],[5]	0	[6],[7]
Investment, Identifier [Axis]: More cowbell II LLC, First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		181	[4],[5]	181	[6],[7]
Cost		(1)	[4],[5]	(1)	[6],[7]
Fair Value		$ (1)	[4],[5]	$ (1)	[6],[7]
Investment, Identifier [Axis]: Ncontracts, LLC, First Lien
Schedule of Investments [Line Items]
Spread		6.50%	[3],[5]	6.50%	[8]
Interest Rate		11.80%	[3],[5]	11.80%	[8]
Principal Amount or Par Value		$ 3,139	[5]	$ 3,139
Cost		3,101	[5]	3,100
Fair Value		$ 3,100	[5]	$ 3,100
Percent of Members' Capital				2.93%
Investment, Identifier [Axis]: Ncontracts, LLC, First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	6.50%
Interest Rate	[3],[4],[5]	11.82%
Principal Amount or Par Value	[4],[5]	$ 29
Cost	[4],[5]	29
Fair Value	[4],[5]	29
Investment, Identifier [Axis]: Ncontracts, LLC, First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		261	[4],[5]	$ 290	[6]
Cost		(3)	[4],[5]	0	[6]
Fair Value		(3)	[4],[5]	0	[6]
Investment, Identifier [Axis]: Ncontracts, LLC, First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		290	[4],[5]	290	[6]
Cost		0	[4],[5]	(4)	[6]
Fair Value		$ (4)	[4],[5]	$ (4)	[6]
Investment, Identifier [Axis]: Next Holdco, LLC, First Lien
Schedule of Investments [Line Items]
Spread		6%	[3],[5]	6%	[7],[8]
Interest Rate		11.32%	[3],[5]	11.37%	[7],[8]
Principal Amount or Par Value		$ 1,760	[5]	$ 1,760	[7]
Cost		1,748	[5]	1,747	[7]
Fair Value		$ 1,747	[5]	$ 1,747	[7]
Percent of Members' Capital		1.65%		1.65%	[7]
Investment, Identifier [Axis]: Next Holdco, LLC, First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 451	[4],[5]	$ 451	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		0	[4],[5]	0	[6],[7]
Investment, Identifier [Axis]: Next Holdco, LLC, First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		169	[4],[5]	169	[6],[7]
Cost		(1)	[4],[5]	(1)	[6],[7]
Fair Value		$ (1)	[4],[5]	$ (1)	[6],[7]
Investment, Identifier [Axis]: Nielsen Consumer Inc., First Lien
Schedule of Investments [Line Items]
Spread		6.25%	[3],[11]	6.25%	[8],[10]
Interest Rate		11.58%	[3],[11]	11.61%	[8],[10]
Principal Amount or Par Value		$ 2,176	[11]	$ 2,181	[10]
Cost		2,146	[11]	2,150	[10]
Fair Value		$ 2,165	[11]	$ 2,139	[10]
Percent of Members' Capital		2.04%		2.02%	[10]
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.50%
Interest Rate	[3],[5]	10.83%
Principal Amount or Par Value	[5]	$ 1,739
Cost	[5]	1,731
Fair Value	[5]	$ 1,731
Percent of Members' Capital		1.63%
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 659
Cost	[4],[5]	0
Fair Value	[4],[5]	0
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	195
Cost	[4],[5]	(1)
Fair Value	[4],[5]	$ (1)
Investment, Identifier [Axis]: PDQ.com Corporation, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.50%
Interest Rate	[3],[5]	10.83%
Principal Amount or Par Value	[5]	$ 453
Cost	[5]	449
Fair Value	[5]	$ 457
Investment, Identifier [Axis]: PDQ.com Corporation, First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			5.75%
Interest Rate	[7],[8]			11.18%
Principal Amount or Par Value	[7]			$ 454
Cost	[7]			450
Fair Value	[7]			$ 454
Percent of Members' Capital	[7]			0.43%
Investment, Identifier [Axis]: PDQ.com Corporation, First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	5%
Interest Rate	[3],[4],[5]	10.43%
Principal Amount or Par Value	[4],[5]	$ 19
Cost	[4],[5]	19
Fair Value	[4],[5]	19
Investment, Identifier [Axis]: PDQ.com Corporation, First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		296	[4],[5]	$ 295	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		3	[4],[5]	0	[6],[7]
Investment, Identifier [Axis]: PDQ.com Corporation, First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		144	[4],[5]	163	[6],[7]
Cost		(1)	[4],[5]	(2)	[6],[7]
Fair Value		0	[4],[5]	0	[6],[7]
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			1,952
Cost	[6],[7]			0
Fair Value	[6],[7]			$ 0
Percent of Members' Capital	[6],[7]			0%
Investment, Identifier [Axis]: PPV Intermediate Holdings, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	1,953
Cost	[4],[5]	0
Fair Value	[4],[5]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6%
Interest Rate	[3],[5]	11.33%
Principal Amount or Par Value	[5]	$ 2,967
Cost	[5]	2,938
Fair Value	[5]	$ 2,967
Percent of Members' Capital		2.80%
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[8]			6%
Interest Rate	[8]			11.36%
Principal Amount or Par Value				$ 2,974
Cost				2,945
Fair Value				$ 2,975
Percent of Members' Capital				2.81%
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 388	[4],[5]	$ 388	[6]
Cost		0	[4],[5]	0	[6]
Fair Value		0	[4],[5]	0	[6]
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value		388	[4],[5]	388	[6]
Cost		(4)	[4],[5]	(4)	[6]
Fair Value		$ 0	[4],[5]	$ 0	[6]
Investment, Identifier [Axis]: Project Accelerate Parent, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.25%
Interest Rate	[3],[5]	10.58%
Principal Amount or Par Value	[5]	$ 1,612
Cost	[5]	1,604
Fair Value	[5]	$ 1,604
Percent of Members' Capital		1.51%
Investment, Identifier [Axis]: Project Accelerate Parent, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 230
Cost	[4],[5]	(1)
Fair Value	[4],[5]	$ (1)
Percent of Members' Capital		(0.00%)
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.50%
Interest Rate	[3],[5]	10.96%
Principal Amount or Par Value	[5]	$ 2,481
Cost	[5]	2,470
Fair Value	[5]	$ 2,481
Percent of Members' Capital		2.34%
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			5.50%
Interest Rate	[7],[8]			11%
Principal Amount or Par Value	[7]			$ 2,487
Cost	[7]			2,476
Fair Value	[7]			$ 2,487
Percent of Members' Capital	[7]			2.35%
Investment, Identifier [Axis]: RealPage, Inc., Second Lien
Schedule of Investments [Line Items]
Spread	[3]	6.50%
Interest Rate	[3]	11.94%
Principal Amount or Par Value		$ 3,193
Cost		3,177
Fair Value		$ 3,177
Percent of Members' Capital		2.99%
Investment, Identifier [Axis]: Relativity ODA LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6.50%
Interest Rate	[3],[5]	11.93%
Principal Amount or Par Value	[5]	$ 3,042
Cost	[5]	3,042
Fair Value	[5]	$ 3,042
Percent of Members' Capital		2.87%
Investment, Identifier [Axis]: Relativity ODA LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 292
Cost	[4],[5]	0
Fair Value	[4],[5]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: Riskonnect Parent, LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4]	$ 3,175
Cost	[4]	0
Fair Value	[4]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: RxB Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3]	5.25%
Interest Rate	[3]	10.58%
Principal Amount or Par Value		$ 1,980
Cost		1,937
Fair Value		$ 1,990
Percent of Members' Capital		1.87%
Investment, Identifier [Axis]: RxB Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			5.25%
Interest Rate	[7],[8]			10.61%
Principal Amount or Par Value	[7]			$ 1,985
Cost	[7]			1,940
Fair Value	[7]			$ 1,985
Percent of Members' Capital	[7]			1.88%
Investment, Identifier [Axis]: Safety Borrower Holdings LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	5.25%
Interest Rate	[3],[5]	10.82%
Principal Amount or Par Value	[5]	$ 769
Cost	[5]	769
Fair Value	[5]	$ 769
Percent of Members' Capital		0.72%
Investment, Identifier [Axis]: Sierra Enterprises, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	2.50%
PIK	[3],[5]	4.25%
Interest Rate	[3],[5]	12.06%
Principal Amount or Par Value	[5]	$ 5,319
Cost	[5]	4,588
Fair Value	[5]	$ 5,253
Percent of Members' Capital		4.95%
Investment, Identifier [Axis]: Sierra Enterprises, LLC, First Lien
Schedule of Investments [Line Items]
Spread	[8],[9]			2.50%
PIK	[8],[9]			4.25%
Interest Rate	[8],[9]			12.13%
Principal Amount or Par Value	[9]			$ 4,674
Cost	[9]			3,937
Fair Value	[9]			$ 4,335
Percent of Members' Capital	[9]			4.09%
Investment, Identifier [Axis]: Syndigo LLC, First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	4.50%
Interest Rate	[3],[5]	9.94%
Principal Amount or Par Value	[5]	$ 1,985
Cost	[5]	1,878
Fair Value	[5]	$ 1,980
Percent of Members' Capital		1.87%
Investment, Identifier [Axis]: Syndigo LLC, First Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			4.50%
Interest Rate	[7],[8]			9.97%
Principal Amount or Par Value	[7]			$ 1,990
Cost	[7]			1,875
Fair Value	[7]			$ 1,990
Percent of Members' Capital	[7]			1.88%
Investment, Identifier [Axis]: TRC Companies L.L.C. (fka Energize Holdco LLC) Second Lien
Schedule of Investments [Line Items]
Spread	[7],[8]			6.75%
Interest Rate	[7],[8]			12.22%
Principal Amount or Par Value	[7]			$ 775
Cost	[7]			717
Fair Value	[7]			$ 752
Percent of Members' Capital	[7]			0.71%
Investment, Identifier [Axis]: TRC Companies L.L.C. (fka Energize Holdco LLC), Second Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	6.75%
Interest Rate	[3],[5]	12.19%
Principal Amount or Par Value	[5]	$ 775
Cost	[5]	719
Fair Value	[5]	$ 769
Percent of Members' Capital		0.72%
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation, First Lien - Drawn
Schedule of Investments [Line Items]
Spread		5.75%	[3],[4],[5]	5.75%	[6],[7],[8]
Interest Rate		11.13%	[3],[4],[5]	11.15%	[6],[7],[8]
Principal Amount or Par Value		$ 848	[4],[5]	$ 689	[6],[7]
Cost		841	[4],[5]	683	[6],[7]
Fair Value		$ 848	[4],[5]	$ 689	[6],[7]
Percent of Members' Capital		0.80%		0.65%	[6],[7]
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corporation, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value		$ 677	[4],[5]	$ 837	[6],[7]
Cost		0	[4],[5]	0	[6],[7]
Fair Value		$ 0	[4],[5]	$ 0	[6],[7]
Percent of Members' Capital		0%		0%	[6],[7]
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien
Schedule of Investments [Line Items]
Spread		5.75%	[3],[5]	5.75%	[7],[8]
Interest Rate		11.18%	[3],[5]	11.18%	[7],[8]
Principal Amount or Par Value		$ 3,126	[5]	$ 3,134	[7]
Cost		3,119	[5]	3,126	[7]
Fair Value		$ 3,126	[5]	$ 3,134	[7]
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread		5.75%	[3],[4],[5]	5.75%	[6],[7],[8]
Interest Rate		11.18%	[3],[4],[5]	11.18%	[6],[7],[8]
Principal Amount or Par Value		$ 302	[4],[5]	$ 302	[6],[7]
Cost		297	[4],[5]	298	[6],[7]
Fair Value		302	[4],[5]	302	[6],[7]
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien - Undrawn - 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			860
Cost	[6],[7]			0
Fair Value	[6],[7]			0
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien - Undrawn - 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			200
Cost	[6],[7]			0
Fair Value	[6],[7]			$ 0
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	861
Cost	[4],[5]	0
Fair Value	[4],[5]	0
Investment, Identifier [Axis]: USRP Holdings, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	200
Cost	[4],[5]	0
Fair Value	[4],[5]	0
Investment, Identifier [Axis]: Verdantas LLC, First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	3,242
Cost	[4],[5]	0
Fair Value	[4],[5]	$ 0
Percent of Members' Capital		0%
Investment, Identifier [Axis]: Verdantas LLC, First Lien 1
Schedule of Investments [Line Items]
Spread	[3],[5]	7%
Interest Rate	[3],[5]	12.43%
Principal Amount or Par Value	[5]	$ 1,227
Cost	[5]	1,218
Fair Value	[5]	$ 1,217
Investment, Identifier [Axis]: Verdantas LLC, First Lien 2
Schedule of Investments [Line Items]
Spread	[3],[5]	7%
Interest Rate	[3],[5]	12.43%
Principal Amount or Par Value	[5]	$ 1,081
Cost	[5]	1,081
Fair Value	[5]	$ 1,081
Investment, Identifier [Axis]: Virtusa Corporation, Subordinated
Schedule of Investments [Line Items]
Spread	[3]	7.13%
Interest Rate	[3]	7.13%
Principal Amount or Par Value		$ 3,164
Cost		2,682
Fair Value		$ 2,844
Percent of Members' Capital		2.68%
Investment, Identifier [Axis]: Virtusa Corporation, Subordinated
Schedule of Investments [Line Items]
Spread	[8]			7.13%
Interest Rate	[8]			7.13%
Principal Amount or Par Value				$ 2,364
Cost				1,954
Fair Value				$ 2,031
Percent of Members' Capital				1.92%
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 2,895
Cost	[4],[5]	0
Fair Value	[4],[5]	0
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	165
Cost	[4],[5]	(1)
Fair Value	[4],[5]	$ 0
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien 1
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.75%	[7],[8]
Interest Rate		10.81%	[3],[5]	11.23%	[7],[8]
Principal Amount or Par Value		$ 966	[5]	$ 968	[7]
Cost		966	[5]	969	[7]
Fair Value		$ 966	[5]	$ 968	[7]
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien 2
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.75%	[7],[8]
Interest Rate		10.81%	[3],[5]	11.23%	[7],[8]
Principal Amount or Par Value		$ 600	[5]	$ 601	[7]
Cost		600	[5]	601	[7]
Fair Value		$ 600	[5]	$ 601	[7]
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien 3
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.75%	[7],[8]
Interest Rate		10.81%	[3],[5]	11.23%	[7],[8]
Principal Amount or Par Value		$ 259	[5]	$ 260	[7]
Cost		259	[5]	260	[7]
Fair Value		$ 259	[5]	$ 260	[7]
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien 4
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.75%	[7],[8]
Interest Rate		10.84%	[3],[5]	11.23%	[7],[8]
Principal Amount or Par Value		$ 149	[5]	$ 150	[7]
Cost		149	[5]	150	[7]
Fair Value		$ 149	[5]	$ 150	[7]
Investment, Identifier [Axis]: Wealth Enhancement Group, LLC, First Lien 5
Schedule of Investments [Line Items]
Spread		5.50%	[3],[5]	5.75%	[7],[8]
Interest Rate		10.82%	[3],[5]	11.11%	[7],[8]
Principal Amount or Par Value		$ 21	[5]	$ 21	[7]
Cost		21	[5]	21	[7]
Fair Value		$ 21	[5]	$ 21	[7]
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread		4.50%	[3],[4],[5]	4.50%	[6],[7],[8]
Interest Rate		13%	[3],[4],[5]	13%	[6],[7],[8]
Principal Amount or Par Value		$ 78	[4],[5]	$ 19	[6],[7]
Cost		77	[4],[5]	19	[6],[7]
Fair Value		$ 78	[4],[5]	$ 19	[6],[7]
Percent of Members' Capital		0.06%		0.02%	[6],[7]
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	$ 144
Cost	[4],[5]	(1)
Fair Value	[4],[5]	0
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	1,111
Cost	[4],[5]	0
Fair Value	[4],[5]	$ (6)
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Line - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			$ 333
Cost	[6],[7]			0
Fair Value	[6],[7]			0
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Line - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			1,112
Cost	[6],[7]			0
Fair Value	[6],[7]			0
Investment, Identifier [Axis]: Zone Climate Services, Inc., First Line - Undrawn 3
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			203
Cost	[6],[7]			(2)
Fair Value	[6],[7]			$ 0
Investment, Identifier [Axis]: iCIMS, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[3],[5]	3.38%
PIK	[3],[5]	3.88%
Interest Rate	[3],[5]	12.58%
Principal Amount or Par Value	[5]	$ 6,817
Cost	[5]	6,785
Fair Value	[5]	$ 6,885
Investment, Identifier [Axis]: iCIMS, Inc., First Lien
Schedule of Investments [Line Items]
Spread	[7],[8],[9]			3.38%
PIK	[7],[8],[9]			3.88%
Interest Rate	[7],[8]			12.62%
Principal Amount or Par Value	[7]			$ 2,895
Cost	[7]			2,867
Fair Value	[7]			$ 2,916
Percent of Members' Capital	[7]			2.76%
Investment, Identifier [Axis]: iCIMS, Inc., First Lien - Drawn
Schedule of Investments [Line Items]
Spread	[3],[4],[5]	6.75%
Interest Rate	[3],[4],[5]	12.05%
Principal Amount or Par Value	[4],[5]	$ 24
Cost	[4],[5]	26
Fair Value	[4],[5]	24
Investment, Identifier [Axis]: iCIMS, Inc., First Lien - Undrawn
Schedule of Investments [Line Items]
Principal Amount or Par Value	[6],[7]			$ 592
Cost	[6],[7]			0
Fair Value	[6],[7]			$ 0
Percent of Members' Capital	[6],[7]			0%
Investment, Identifier [Axis]: iCIMS, Inc., First Lien - Undrawn 1
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	1,313
Cost	[4],[5]	0
Fair Value	[4],[5]	0
Investment, Identifier [Axis]: iCIMS, Inc., First Lien - Undrawn 2
Schedule of Investments [Line Items]
Principal Amount or Par Value	[4],[5]	332
Cost	[4],[5]	(3)
Fair Value	[4],[5]	$ 0
[1] New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. All interest is payable in cash unless otherwise indicated. A majority of the variable rate debt investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (SOFR), the Prime Rate (P) and the alternative base rate (Base) and which resets monthly (M), quarterly (Q), semi-annually (S) or annually (A). For each investment the current interest rate provided reflects the rate in effect as of March 31, 2024. Par value amounts represent the drawn or undrawn (as indicated in type of investment) portion of revolving credit facilities or delayed draws. Cost amounts represent the cash received at settlement date net of the impact of paydowns and cash paid for drawn revolvers or delayed draws. The fair value of the Company's investment is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 4. Fair Value , for details. Par value amounts represent the drawn or undrawn (as indicated in type of investment) portion of revolving credit facilities or delayed draws. Cost amounts represent the cash received at settlement date net of the impact of paydowns and cash paid for drawn revolvers or delayed draws. The fair value of the Company's investment is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 4. Fair Value , for details. All interest is payable in cash unless otherwise indicated. A majority of the variable rate debt investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (SOFR), the Prime Rate (P) and the alternative base rate (Base) and which resets monthly (M), quarterly (Q), semi-annually (S) or annually (A). For each investment the current interest rate provided reflects the rate in effect as of December 31, 2023.

Formation and Business Purpose

Formation and Business Purpose	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Formation and Business Purpose	Formation and Business Purpose New Mountain Guardian IV Income Fund, L.L.C. (the "Company"), formerly known as New Mountain Guardian IV Unlevered BDC, L.L.C., is a Delaware limited liability company formed on November 4, 2022. The Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). The Company intends to elect to be treated for U.S. federal income tax purposes, and intends to comply with requirements to qualify annually thereafter, as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). New Mountain Finance Advisers BDC, L.L.C. (the "Investment Adviser") is a wholly-owned subsidiary of New Mountain Capital Group, L.P. (together with New Mountain Capital, L.L.C. and its affiliates, "New Mountain Capital"), whose ultimate owners include Steven B. Klinsky, other current and former New Mountain Capital professionals and related vehicles and a minority investor. New Mountain Capital is a global investment firm with approximately $50.0 billion of assets under management and a track record of investing in the middle market. New Mountain Capital focuses on investing in defensive growth companies across its private equity, credit and net lease investment strategies. The Investment Adviser manages the Company's day-to-day operations and provides it with investment advisory and management services. The Investment Adviser also manages other funds that may have investment mandates that are similar, in whole or in part, to the Company's. New Mountain Finance Administration, L.L.C. (the "Administrator"), a wholly-owned subsidiary of New Mountain Capital, provides the administrative services necessary to conduct the Company's day-to-day operations. The Administrator has hired a third-party sub-administrator to assist with the provision of administrative services. The Company conducted a private offering (the "Private Offering") of units of the Company's limited liability company interests (the "Units") to investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Units will be offered for subscription continuously throughout the Closing Period (as defined below). Each investor in the Private Offering made a capital commitment (each, a "Capital Commitment") to purchase Units pursuant to a subscription agreement entered into with the Company (each, a "Subscription Agreement"). The Company expects closings of the Private Offering will occur, from time to time, in the Investment Adviser's sole discretion, during the 18-month period (the "Closing Period") following the initial closing of Capital Commitments, which occurred on May 23, 2023. The Company may accept and draw down on Capital Commitments from investors throughout the Closing Period and may draw down on Capital Commitments after the Closing Period. The Company commenced loan origination and investment activities on May 24, 2023. The "Investment Period" began on May 23, 2023 and will continue until November 23, 2028, the four-year anniversary of the end of the Closing Period. The term of the Company is until November 23, 2030, six years from the end of the Closing Period, subject to (i) a one The Company focuses on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. The Company's investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. The Company's differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital. The Company primarily invests in senior secured debt of U.S. sponsor-backed, middle market companies. The Company defines middle market companies as those with annual earnings before interest, taxes, depreciation, and amortization ("EBITDA") between $10,000 and $200,000. The Company focuses on defensive growth businesses that generally exhibit the following characteristics: (i) acyclicality, (ii) sustainable secular growth drivers, (iii) niche market dominance and high barriers to competitive entry, (iv) recurring revenue and strong free cash flow, (v) flexible cost structures and (vi) seasoned management teams. Senior secured loans may include traditional first lien loans or unitranche loans. The Company invests a significant portion of its portfolio in unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first-lien position. Because unitranche loans combine characteristics of senior and subordinated debt, they have risks similar to the risks associated with secured debt and subordinated debt. Certain unitranche loan investments may include “last-out” positions, which generally heighten the risk of loss. In some cases, the Company’s investments may also include equity interests. As of March 31, 2024, the Company's top five industry concentrations were software, business services, healthcare, education and food & beverage.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of accounting —The Company's financial statements have been prepared in conformity with accounting principles generally accepted in the United States ("GAAP"). The Company is an investment company following accounting and reporting guidance in Accounting Standards Codification Topic 946, Financial Services — Investment Companies ("ASC 946"). The Company's financial statements reflect all adjustments and reclassifications which, in the opinion of management, are necessary for the fair presentation of the results of operations and financial condition for the period(s) presented. Revenues are recognized when earned and expenses when incurred. The financial results of the Company's portfolio investments are not consolidated in the financial statements. The Company's interim financial statements are prepared in accordance with GAAP and pursuant to the requirements for reporting on Form 10-Q and Articles 6 and 10 of Regulation S-X. Accordingly, the Company’s interim financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting solely of normal recurring accruals considered necessary for the fair presentation of financial statements for the interim period, have been included. The current period's results of operations will not necessarily be indicative of results that ultimately may be achieved for the fiscal year ending December 31, 2024. Investments —The Company applies fair value accounting in accordance with GAAP. Fair value is the amount 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. Investments are reflected on the Company's Statements of Assets, Liabilities and Members' Capital at fair value, with changes in unrealized gains and losses resulting from changes in fair value reflected in the Company's Statement of Operations as "Net change in unrealized appreciation (depreciation) of investments" and realizations on portfolio investments reflected in the Company's Statement of Operations as "Net realized gains (losses) on investments". The Company values its assets on a quarterly basis, or more frequently if required under the 1940 Act. In all cases, the Company's board of directors is ultimately and solely responsible for determining the fair value of the Company's portfolio investments on a quarterly basis in good faith, including investments that are not publicly traded, those whose market prices are not readily available and any other situation where its portfolio investments require a fair value determination. Security transactions are accounted for on a trade date basis. The Company's quarterly valuation procedures are set forth in more detail below: (1) Investments for which market quotations are readily available on an exchange are valued at such market quotations based on the closing price indicated from independent pricing services. (2) Investments for which indicative prices are obtained from various pricing services and/or brokers or dealers are valued through a multi-step valuation process, as described below, to determine whether the quote(s) obtained is representative of fair value in accordance with GAAP. a. Bond quotes are obtained through independent pricing services. Internal reviews are performed by the investment professionals of the Investment Adviser to ensure that the quote obtained is representative of fair value in accordance with GAAP and, if so, the quote is used. If the Investment Adviser is unable to sufficiently validate the quote(s) internally and if the investment's par value or its fair value exceeds the materiality threshold, the investment is valued similarly to those assets with no readily available quotes (see (3) below); and b. For investments other than bonds, the Company looks at the number of quotes readily available and performs the following procedures: i. Investments for which two or more quotes are received from a pricing service are valued using the mean of the mean of the bid and ask of the quotes obtained. The Company will evaluate the reasonableness of the quote, and if the quote is determined to not be representative of fair value, the Company will use one or more of the methodologies outlined below to determine fair value; and ii. Investments for which one quote is received from a pricing service are validated internally. The investment professionals of the Investment Adviser analyze the market quotes obtained using an array of valuation methods (further described below) to validate the fair value. If the Investment Adviser is unable to sufficiently validate the quote internally and if the investment's par value or its fair value exceeds the materiality threshold, the investment is valued similarly to those assets with no readily available quotes (see (3) below). (3) Investments for which quotations are not readily available through exchanges, pricing services, brokers, or dealers are valued through a multi-step valuation process: a. Each portfolio company or investment is initially valued by the investment professionals of the Investment Adviser responsible for the credit monitoring; b. Preliminary valuation conclusions will then be documented and discussed with the Company's senior management; c. If an investment falls into (3) above for four consecutive quarters and if the investment's par value or its fair value exceeds the materiality threshold, then at least once each fiscal year, the valuation for each portfolio investment for which the Company does not have a readily available market quotation will be reviewed by an independent valuation firm engaged by the Company's board of directors; and d. When deemed appropriate by the Company's management, an independent valuation firm may be engaged to review and value investment(s) of a portfolio company, without any preliminary valuation being performed by the Investment Adviser. The investment professionals of the Investment Adviser will review and validate the value provided. For investments in revolving credit facilities and delayed draw commitments, the cost basis of the funded investments purchased is offset by any costs/netbacks received for any unfunded portion on the total balance committed. The fair value is also adjusted for the price appreciation or depreciation on the unfunded portion. As a result, the purchase of a commitment not completely funded may result in a negative fair value until it is called and funded. The values assigned to investments are based upon available information and do not necessarily represent amounts which might ultimately be realized, since such amounts depend on future circumstances and cannot be reasonably determined until the individual positions are liquidated. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company's investments may fluctuate from period to period and the fluctuations could be material. See Note 3. Investments , for further discussion relating to investments. Cash and cash equivalents —Cash and cash equivalents include cash and short-term, highly liquid investments. The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and so near maturity that there is insignificant risk of changes in value. These securities have original maturities of three months or less. The Company did not hold any cash equivalents as of March 31, 2024 and December 31, 2023. Revenue recognition Sales and paydowns of investments: Realized gains and losses on investments are determined on the specific identification method. Interest income: Interest income, including amortization of premium and discount using the effective interest method, is recorded on the accrual basis and periodically assessed for collectability. Interest income also includes interest earned from cash on hand. Upon the prepayment of a loan or debt security, any prepayment penalties are recorded as part of interest income. The Company has loans in its portfolio that contain a payment-in-kind ("PIK") interest. PIK interest is accrued and recorded as income at the contractual rates, if deemed collectible. The PIK interest is added to the principal or share balances on the capitalization dates and are generally due at maturity or when redeemed by the issuer. For the three months ended March 31, 2024, the Company recognized PIK interest from investments of $144. Non-accrual income: Investments are placed on non-accrual status when principal or interest payments are past due for 30 days or more and when there is reasonable doubt that principal or interest will be collected. Accrued cash and un-capitalized PIK interest are reversed when an investment is placed on non-accrual status. Previously capitalized PIK interest is not reversed when an investment is placed on non-accrual status. Interest payments received on non-accrual investments may be recognized as income or applied to principal depending upon management's judgment of the ultimate collectability. Non-accrual investments are restored to accrual status when past due principal and interest is paid and, in management's judgment, are likely to remain current. As of March 31, 2024 and December 31, 2023, no investments were on non-accrual status. Fee income: Fee income represents delayed compensation, revolver fees, upfront fees, amendment fees and other miscellaneous fees received and are typically non-recurring in nature. Delayed compensation is income earned from counterparties on trades that do not settle within a set number of business days after the trade date. Fee income may also include fees from bridge loans. The Company may from time to time enter into bridge financing commitments, an obligation to provide interim financing to a counterparty until permanent credit can be obtained. These commitments are short-term in nature and may expire unfunded. A fee is received by the Company for providing such commitments. Structuring fees and upfront fees are recognized as income when earned, usually when paid at the closing of the investment, and are non-refundable. Income received in exchange for the provision of services such as recurring administration services are also recognized as fee income in the period in which it was earned. Interest and other financing expenses —Interest and other financing fees are recorded on an accrual basis by the Company. See Note 6. Borrowings , for details. Organizational expenses —Organizational expenses include costs and expenses incurred in connection with the formation and organization of the Company and are expensed as incurred in the Statement of Operations. Any organizational and offering expenses paid by the Company in excess of the lesser of $2,000 or 0.25% of the aggregate Capital Commitments pursuant to the Expense Limitation and Reimbursement Agreement (as defined below), will be applied as a reduction to the base management fee paid to the Investment Adviser and cannot be recouped by the Investment Adviser. Deferred offering costs —The Company's deferred offering costs consists of fees and expenses incurred in connection with the offering of the Company's Units. Upon the issuance of Units, deferred offering costs are then amortized into Organizational and Offering Expenses on the Statement of Operations on a straight line basis over a period of 12 months beginning on the date of commencement of operations. Deferred offering costs are included on the Company’s Statements of Assets, Liabilities and Members' Capital until amortized. Deferred financing costs —The deferred financing costs of the Company consist of capitalized expenses related to the origination and amending of the Company's borrowings. The Company amortizes these costs into expense over the stated life of the related borrowing. See Note 6. Borrowings , for details. Income taxes —The Company was treated as a disregarded entity wholly owned by the Investment Adviser for the period beginning with the date of its inception on November 4, 2022 through May 23, 2023. The Company intends to elect to be treated as a RIC for U.S. federal income tax purposes under Subchapter M of the Code with the filing of its first tax return for the year ended December 31, 2023, and thereafter intends to comply with the requirements to qualify and maintain its status as a RIC annually. As a RIC, the Company will not be subject to U.S. federal income tax on the portion of taxable income and gains timely distributed to its unitholders. To qualify and be subject to tax treatment as a RIC, the Company is required to meet certain income and asset diversification tests in addition to timely distributing at least 90.0% of its investment company taxable income, as defined by the Code. Since U.S. federal income tax regulations differ from GAAP, distributions in accordance with tax regulations may differ from net investment income and realized gains recognized for financial reporting purposes. Differences between taxable income and the results of operations for financial reporting purposes may be permanent or temporary in nature. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Differences in classification may also result from the treatment of short-term gains as ordinary income for U.S. federal income tax purposes. For U.S. federal income tax purposes, distributions paid to unitholders of the Company are reported as ordinary income, return of capital, long term capital gains or a combination thereof. The Company will be subject to a 4.0% nondeductible federal excise tax on certain undistributed income unless the Company distributes, in a timely manner as required by the Code, an amount at least equal to the sum of (1) 98.0% of its respective net ordinary income earned for the calendar year and (2) 98.2% of its respective capital gain net income for the one-year period ending October 31 in the calendar year. Based on its analysis, the Company has determined that there were no uncertain tax positions that do not meet the more likely than not threshold as defined by Accounting Standards Codification Topic 740, Income Taxes ("ASC 740") through December 31, 2023. The 2023 tax year and forward remain subject to examination by the U.S. federal, state, and local tax authorities. Distributions —Distributions to the Company's unitholders are recorded on the record date as set by the Company's board of directors. The Company intends to make timely distributions to its unitholders that will be sufficient to enable the Company to qualify and maintain its status as a RIC. The Company intends to distribute approximately all of its net investment income on a quarterly basis and substantially all of its taxable income on an annual basis, except that the Company may retain certain net capital gains for reinvestment. Earnings per Unit —The Company's earnings per unit ("EPU") amounts have been computed based on the weighted-average number of Units outstanding for the period. Basic EPU is computed by dividing net increase (decrease) in members' capital resulting from operations by the weighted average number of Units outstanding during the period of computation. Diluted EPU is computed by dividing net increase (decrease) in members' capital resulting from operations by the weighted average number of Units assuming all potential Units had been issued, and its related net impact to members' capital accounted for, and the additional Units were dilutive. Diluted EPU reflects the potential dilution, using the as-if-converted method for convertible debt, which could occur if all potentially dilutive securities were exercised. Foreign securities —The accounting records of the Company are maintained in U.S. dollars. Investment securities denominated in foreign currencies are translated into U.S. dollars based on the rate of exchange of such currencies on the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollars based on the rate of exchange of such currencies on the respective dates of the transactions. The Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with "Net change in unrealized appreciation (depreciation) of investments" and "Net realized gains (losses) on investments" in the Company's Statement of Operations. Investments denominated in foreign currencies may be negatively affected by movements in the rate of exchange between the U.S. dollar and foreign currencies. This movement is beyond the control of the Company and cannot be predicted. Use of estimates —The preparation of the Company's financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Company's financial statements and the reported amounts of revenues and expenses during the reporting periods. Changes in the economic environment, financial markets, and other metrics used in determining these estimates could cause actual results to differ from the estimates used, and the differences could be material.

Investments

Investments	3 Months Ended
	Mar. 31, 2024
Schedule of Investments [Abstract]
Investments	Investments At March 31, 2024, the Company's investments consisted of the following: Investment Cost and Fair Value by Type Cost Fair Value First lien $ 122,828 $ 124,405 Second lien 3,896 3,946 Subordinated 2,682 2,844 Total investments $ 129,406 $ 131,195 Investment Cost and Fair Value by Industry Cost Fair Value Software $ 52,278 $ 52,790 Business Services 46,414 46,723 Healthcare 12,850 12,946 Education 7,080 7,244 Food & Beverage 4,588 5,253 Consumer Services 3,584 3,623 Financial Services 2,612 2,616 Total investments $ 129,406 $ 131,195 At December 31, 2023, the Company's investments consisted of the following: Investment Cost and Fair Value by Type Cost Fair Value First lien $ 82,696 $ 83,830 Second lien 717 752 Subordinated 1,954 2,031 Total investments $ 85,367 $ 86,613 Investment Cost and Fair Value by Industry Cost Fair Value Business Services $ 34,107 $ 34,304 Software 29,533 29,969 Healthcare 9,342 9,387 Food & Beverage 3,937 4,335 Education 3,215 3,351 Consumer Services 2,941 2,975 Financial Services 2,292 2,292 Total investments $ 85,367 $ 86,613 As of March 31, 2024, the Company had unfunded commitments on revolving credit facilities of $7,336 and no unfunded commitments on bridge facilities. As of March 31, 2024, the Company had unfunded commitments in the form of delayed draws or other future funding commitments of $43,773. The unfunded commitments on revolving credit facilities and delayed draws are disclosed on the Company's Schedule of Investments as of March 31, 2024. As of December 31, 2023, the Company had unfunded commitments on revolving credit facilities of $3,979 and no unfunded commitments on bridge facilities. As of December 31, 2023, the Company had unfunded commitments in the form of delayed draws or other future funding commitments o f $23,198 . The unfunded commitments on revolving credit facilities and delayed draws are disclosed on the Company's Schedule of Investments as of December 31, 2023. Investment Risk Factors —First and second lien debt that the Company invests in is almost entirely rated below investment grade or may be unrated. Debt investments rated below investment grade are often referred to as "leveraged loans", "high yield" or "junk" debt investments, and may be considered "high risk" compared to debt investments that are rated investment grade. These debt investments are considered speculative because of the credit risk of the issuers. Such issuers are considered more likely than investment grade issuers to default on their payments of interest and principal, and such risk of default could reduce the members' capital and income distributions of the Company. In addition, some of the Company's debt investments will not fully amortize during their lifetime, which could result in a loss or a substantial amount of unpaid principal and interest due upon maturity. First and second lien debt may also lose significant market value before a default occurs. Furthermore, an active trading market may not exist for these first and second lien debt investments. This illiquidity may make it more difficult to value the debt. Subordinated debt is generally subject to similar risks as those associated with first and second lien debt, except that such debt is subordinated in payment and/or lower in lien priority. Subordinated debt is subject to the additional risk that the cash flow of the borrower and the property securing the debt, if any, may be insufficient to meet scheduled payments after giving effect to the senior secured and unsecured obligations of the borrower. The Company may directly invest in the equity of private companies or, in some cases, equity investments could be made in connection with a debt investment. Equity investments may or may not fluctuate in value, resulting in recognized realized gains or losses upon disposition.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Pursuant to Rule 2a-5, a market quotation is readily available for purposes of Section 2(a)(41) of the 1940 Act with respect to a security only when that “quotation is a quoted price (unadjusted) in active markets for identical investments that the fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable.” Fair value is the amount 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. Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosure ("ASC 820") establishes a fair value hierarchy that prioritizes and ranks the inputs to valuation techniques used in measuring investments at fair value. The hierarchy classifies the inputs used in measuring fair value into three levels as follows: Level I —Quoted prices (unadjusted) are available in active markets for identical investments and the Company has the ability to access such quotes as of the reporting date. The type of investments which would generally be included in Level I include active exchange-traded equity securities and exchange-traded derivatives. As required by ASC 820, the Company, to the extent that it holds such investments, does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price. Level II —Pricing inputs are observable for the investments, either directly or indirectly, as of the reporting date, but are not the same as those used in Level I. Level II inputs include the following: • Quoted prices for similar assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in non-active markets (examples include corporate and municipal bonds, which trade infrequently); • Pricing models whose inputs are observable for substantially the full term of the asset or liability (examples include most over-the-counter derivatives, including foreign exchange forward contracts); and • Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. Level III —Pricing inputs are unobservable for the investment and include situations where there is little, if any, market activity for the investment. The inputs used to measure fair value may fall into different levels. In all instances when the inputs fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level of input that is significant to the fair value measurement in its entirety. As such, a Level III fair value measurement may include inputs that are both observable and unobservable. Gains and losses for such assets categorized within the Level III table below may include changes in fair value that are attributable to both observable inputs and unobservable inputs. The inputs into the determination of fair value require significant judgment or estimation by management and consideration of factors specific to each investment. A review of the fair value hierarchy classifications is conducted on a quarterly basis. Changes in the observability of valuation inputs may result in the transfer of certain investments within the fair value hierarchy from period to period. The following table summarizes the levels in the fair value hierarchy that the Company's portfolio investments fall into as of March 31, 2024: Total Level I Level II Level III First lien $ 124,405 $ — $ 11,399 $ 113,006 Second lien 3,946 — — 3,946 Subordinated 2,844 — 2,844 — Total investments $ 131,195 $ — $ 14,243 $ 116,952 The following table summarizes the levels in the fair value hierarchy that the Company's portfolio investments fall into as of December 31, 2023: Total Level I Level II Level III First lien $ 83,830 $ — $ 8,465 $ 75,365 Second lien 752 — — 752 Subordinated 2,031 — 2,031 — Total investments $ 86,613 $ — $ 10,496 $ 76,117 The following table summarizes the changes in fair value of Level III portfolio investments for the three months ended March 31, 2024, as well as the portion of appreciation (depreciation) included in income attributable to the net change in unrealized appreciation (depreciation) related to those assets and liabilities still held by the Company at March 31, 2024: Total First Lien Second Lien Fair value, December 31, 2023 $ 76,117 $ 75,365 $ 752 Total gains or losses included in earnings: Net change in unrealized appreciation (depreciation) of investments 489 471 18 Purchases, including capitalized PIK and revolver fundings 39,883 36,707 3,176 Proceeds from sales and paydowns of investments (527) (527) — Transfers into Level III(1) 2,975 2,975 — Transfers out of Level III(1) (1,985) (1,985) — Fair Value, March 31, 2024 $ 116,952 $ 113,006 $ 3,946 Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period: $ 489 $ 471 $ 18 (1) As of March 31, 2024, portfolio investments were transferred into Level III from Level II and out of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred. Except as noted in the table above, there were no other transfers in or out of Levels I, II, or III during the three months ended March 31, 2024. Transfers into Level III occur as quotations obtained through pricing services are deemed not representative of fair value as of the balance sheet date, and such assets are internally valued. As quotations obtained through pricing services are substantiated through additional market sources, investments are transferred out of Level III. In addition, transfers out of Level III and transfers into Level III occur based on the increase or decrease in the availability of certain observable inputs. Investments will be transferred into Level III from Level II and out of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred. The Company invests in revolving credit facilities. These investments are categorized as Level III investments as these assets are not actively traded and their fair values are often implied by the term loans of the respective portfolio companies. The Company generally uses the following framework when determining the fair value of investments where there are little, if any, market activity or observable pricing inputs. The Company typically determines the fair value of its performing debt investments utilizing an income approach. Additional consideration is given using a market based approach, as well as reviewing the overall underlying portfolio company's performance and associated financial risks. The following outlines additional details on the approaches considered: Company Performance, Financial Review, and Analysis: Prior to investment, as part of its due diligence process, the Company evaluates the overall performance and financial stability of the portfolio company. Post investment, the Company analyzes each portfolio company's current operating performance and relevant financial trends versus prior year and budgeted results, including, but not limited to, factors affecting its revenue and EBITDA growth, margin trends, liquidity position, covenant compliance and changes to its capital structure. The Company also attempts to identify and subsequently track any developments at the portfolio company within its customer or vendor base, or within the industry or the macroeconomic environment, generally, that may alter any material element of its original investment thesis. This analysis is specific to each portfolio company. The Company leverages the knowledge gained from its original due diligence process, augmented by this subsequent monitoring, to continually refine its outlook for each of its portfolio companies and ultimately form the valuation of its investment in each portfolio company. When an external event such as a purchase transaction, public offering or subsequent sale occurs, the Company will consider the pricing indicated by the external event to corroborate the private valuation. For debt investments, the Company may employ the Market Based Approach (as described below) to assess the total enterprise value of the portfolio company, in order to evaluate the enterprise value coverage of the Company's debt investment. For equity investments or in cases where the Market Based Approach implies a lack of enterprise value coverage for the debt investment, the Company may additionally employ a discounted cash flow analysis based on the free cash flows of the portfolio company to assess the total enterprise value. After enterprise value coverage is demonstrated for the Company's debt investments through the method(s) above, the Income Based Approach (as described below) may be employed to estimate the fair value of the investment. Market Based Approach: The Company may estimate the total enterprise value of each portfolio company by utilizing EBITDA or revenue multiples of publicly traded comparable companies and comparable transactions. The Company considers numerous factors when selecting the appropriate companies whose trading multiples are used to value its portfolio companies. These factors include, but are not limited to, the type of organization, similarity to the business being valued, and relevant risk factors, as well as size, profitability and growth expectations. The Company may apply an average of various relevant comparable company EBITDA or revenue multiples to the portfolio company's latest twelve month ("LTM") EBITDA or revenue or projected EBITDA or revenue to calculate the enterprise value of the portfolio company. Significant increases or decreases in the EBITDA or revenue multiples will result in an increase or decrease in enterprise value, which may result in an increase or decrease in the fair value estimate of the investment. In applying the market based approach as of March 31, 2024 and December 31, 2023, the Company used the relevant EBITDA or revenue multiple ranges set forth in the table below to determine the enterprise value of its portfolio companies. The Company believes these were reasonable ranges in light of current comparable company trading levels and the specific portfolio companies involved. Income Based Approach: The Company also may use a discounted cash flow analysis to estimate the fair value of the investment. Projected cash flows represent the relevant security's contractual interest, fee and principal payments plus the assumption of full principal recovery at the investment's expected maturity date. These cash flows are discounted at a rate established utilizing a combination of a yield calibration approach and a comparable investment approach. The yield calibration approach incorporates changes in the credit quality (as measured by relevant statistics) of the portfolio company, as compared to changes in the yield associated with comparable credit quality market indices, between the date of origination and the valuation date. The comparable investment approach utilizes an average yield-to-maturity of a selected set of high-quality, liquid investments to determine a comparable investment discount rate. Significant increases or decreases in the discount rate would result in a decrease or increase in the fair value measurement. In applying the income based approach as of March 31, 2024 and December 31, 2023, the Company used the discount ranges set forth in the table below to value investments in its portfolio companies. The unobservable inputs used in the fair value measurement of the Company's Level III investments as of March 31, 2024 were as follows: Range Type Fair Value as of March 31, 2024 Approach Unobservable Input Low High Weighted First lien $ 110,356 Market & income approach EBITDA multiple 8.5x 30.0x 17.0x Revenue multiple 4.0x 16.6x 9.4x Discount rate 7.8 % 12.9 % 10.2 % 1,980 Market quote Broker quote N/A N/A N/A 670 Other N/A (2) N/A N/A N/A Second lien 769 Market & income approach Discount rate 12.2 % 12.2 % 12.2 % 3,177 Other N/A (2) N/A N/A N/A $ 116,952 (1) Unobservable inputs were weighted by the relative fair value of the investments. (2) Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date. The unobservable inputs used in the fair value measurement of the Company's Level III investments as of December 31, 2023 were as follows: Range Type Fair Value as of December 31, 2023 Approach Unobservable Input Low High Weighted First lien $ 59,470 Market & income approach EBITDA multiple 8.5x 27.0x 18.4x Revenue multiple 8.0x 10.0x 9.0x Discount rate 7.2 % 11.2 % 9.5 % 15,895 Other N/A (2) N/A N/A N/A Second lien 752 Market & income approach Discount rate 12.9% 12.9% 12.9% $ 76,117 (1) Unobservable inputs were weighted by the relative fair value of the investments. (2) Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date. The BMO Subscription Line (as defined below) and the Unsecured Management Company Revolver (as defined below) are considered Level III investments. See Note 6. Borrowings for details. The following are the principal amounts and fair values of the Company’s borrowings as of March 31, 2024 and December 31, 2023. Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings, or market quotes, if available. As of March 31, 2024 December 31, 2023 Principal Amount Fair Value Principal Amount Fair Value BMO Subscription Line $ 9,800 $ 9,839 $ — $ — Fair value risk factors

Agreements and Related Parties

Agreements and Related Parties	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Agreements and Related Parties	Agreements and Related Parties The Company entered into an investment advisory and management agreement (the "Investment Management Agreement") with the Investment Adviser on December 14, 2022. The Investment Management Agreement initially had a term of two years which began on December 14, 2022, and thereafter would continue automatically for successive annual periods, provided that such continuance is specifically approved at least annually by (A) the vote of the Company's board of directors, or by the vote of a majority of the outstanding voting securities of the Company and (B) the vote of a majority of the Company's directors who are not parties to the Investment Management Agreement or "interested persons" (as such term is defined in Section 2(a)(19) of the 1940 Act) of any such party, in accordance with the requirements of the 1940 Act. Under the Investment Management Agreement, the Investment Adviser manages the day-to-day operations of, and provides investment advisory services to, the Company. For providing these services, the Investment Adviser receives an annual base management fee and incentive fee from the Company. Although the initial two Pursuant to the Investment Management Agreement, the base management fee is payable quarterly in arrears at an annual rate of 0.75% of the aggregate contributed capital from all unitholders (including any outstanding borrowings under any subscription line drawn in lieu of capital calls) less any return of capital distributions and less any cumulative realized losses since inception (calculated net of any subsequently reversed realized losses and net of any realized gains) as of the last day of the applicable quarter. For the period from the effective date of the Investment Management Agreement through the one year anniversary of the Initial Drawdown Date (as defined in the Investment Management Agreement), the base management fee shall be reduced by 50% (for the avoidance of doubt, this results in an annual rate of 0.375% through May 31, 2024, the one year anniversary of the Initial Drawdown Date). Because the one year anniversary of the Initial Drawdown Date occurs on a date other than the last day of a calendar quarter, the management fee shall be prorated for such calendar quarter and calculated based on the number of days in such period up to, and including, the one year anniversary of the Initial Drawdown Date. The base management fee could be reduced by any voluntary fee waivers made by the Investment Adviser. The management fee will be reduced, but not below zero, by any amounts paid by the Company or its subsidiaries to a placement agent, any organizational and offering expenses in excess of the lesser of $2,000 or 0.25% of the aggregate Capital Commitments pursuant to the Expense Limitation and Reimbursement Agreement (as defined below), and any fund expenses in excess of the Specified Expenses Cap (as defined below). The Investment Adviser has entered into agreements with placement agents that provide for ongoing payments from the Investment Adviser based upon the amount of a unitholder's Capital Commitment or capital contributions. Neither the Company nor any unitholders will bear any of the fees paid to placement agents of the Company as any such fees paid by the Company will offset the management fees. The incentive fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on a percentage of the Company's income and a portion is based on a percentage of the Company's capital gains, each as described below. Incentive Fee on Pre-Incentive Fee Net Investment Income The portion based on the Company's income (the "Income Incentive Fee") is based on pre-incentive fee net investment income ("Pre-Incentive Fee Net Investment Income"). Pre-Incentive Fee Net Investment Income means interest income, dividend income and any fee income (including any other fees (other than fees for providing managerial assistance), such as commitment, origination, structuring, upfront, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company's operating expenses for the quarter (including the management fee, expenses payable under the Administration Agreement, and any interest expense and distributions paid on any issued and outstanding preferred units, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero coupon securities), accrued income that we have not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. Pre-Incentive Fee Net Investment Income, expressed as a rate of return on the value of the Company's members' capital at the end of the immediately preceding quarter, is compared to a "hurdle rate" of return of 1.25% per quarter (5.0% annualized). The Company will pay the Investment Adviser an incentive fee quarterly in arrears with respect to the Company's Pre-Incentive Fee Net Investment Income in each calendar quarter as follows: • no incentive fee based on Pre-Incentive Fee Net Investment Income in any calendar quarter in which the Company's Pre-Incentive Fee Net Investment Income does not exceed the hurdle rate of 1.25% (5.0% annualized); • 100% of the dollar amount of our Pre-Incentive Fee Net Investment Income with respect to that portion of such Pre-Incentive Fee Net Investment Income, if any, that exceeds the hurdle rate but is less than or equal to a rate of return of 1.389% (5.556% annualized). The Company refers to this portion of the Company's Pre-Incentive Fee Net Investment Income (which exceeds the hurdle rate but is less than 1.389%) as the "catch-up." The "catch-up" is meant to provide the Investment Adviser with approximately 10.0% of the Company's Pre-Incentive Fee Net Investment Income as if a hurdle rate did not apply when the Company's net investment income exceeds 1.389% in any calendar quarter; and • 10.0% of the dollar amount of the Company's Pre-Incentive Fee Net Investment Income, if any, that exceeds a rate of return of 1.389% (5.556% annualized). This reflects that once the hurdle rate is reached and the catch-up is achieved, 10.0% of all Pre-Incentive Fee Net Investment Income thereafter is allocated to the Investment Adviser. For the three months ended March 31, 2024, incentive fees waived were under $1 thousand. The fees that are payable under the Investment Management Agreement for any partial period will be appropriately prorated. Incentive Fee on Capital Gains The second component of the incentive fee is the capital gains incentive fee. The Company will pay the Investment Adviser an incentive fee with respect to the Company's cumulative realized capital gains computed net of all realized capital losses and unrealized capital depreciation since inception ("Cumulative Net Realized Gains") based on the waterfall below: a. First, no incentive fee is payable to the Investment Adviser on Cumulative Net Realized Gains until total return of capital distributions, distributions of net investment income and distributions of net realized capital gains to unitholders is equal to total capital contributions; b. Second, no incentive is payable to the Investment Adviser on Cumulative Net Realized Gains until the Company has paid cumulative distributions equal to an annualized, cumulative internal rate of return of 5.0% on the total contributed capital to the Company calculated from the date that each such amount was due to be contributed to the Company until the date each such distribution is paid; c. Third, upon a distribution that results in cumulative distributions exceeding the amounts in clause (a) and (b) above, an incentive fee on capital gains payable to the Investment Adviser equal to 100.0% of the amount of Cumulative Net Realized Gains until the Investment Adviser has received (together with amounts the Investment Adviser has received under Income Incentive Fees) an amount equal to 10.0% of the sum of (i) the cumulative distributions to unitholders made pursuant to clause (b) above, (ii) Income Incentive Fee paid to the Investment Adviser and (iii) amounts paid to the Investment Adviser pursuant to this clause (c); and d. Thereafter, an incentive fee on capital gains equal to 10.0% of additional undistributed Cumulative Net Realized Gains. Upon termination of the Company, the Investment Adviser will be required to return incentive fees to the Company to the extent that: (i) the Investment Adviser has received cumulative incentive fees in excess of 10.0% of the sum of (A) the Company's cumulative distributions other than return of capital contributions and (B) the cumulative incentive fees paid to the Investment Adviser; or (ii) the unitholders have not received a 5.0% cumulative internal rate of return; provided that in no event will such restoration be more than the incentive fees received by the Investment Adviser. In accordance with GAAP, the Company accrues a hypothetical capital gains incentive fee based upon the cumulative net realized capital gains and realized capital losses and the cumulative net unrealized capital appreciation and unrealized capital depreciation on investments held at the end of each period. The accrual for any capital gains incentive fee under GAAP in a given period may result in an additional expense if such cumulative amount is greater than in the prior period or a reduction of previously recorded expense if such cumulative amount is less than the amount in the prior period. If such cumulative amount is negative, then there is no accrual. Actual amounts paid to the Investment Adviser are consistent with the Investment Management Agreement and are based only on realized capital gains computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis from inception through the end of each calendar year. Incentive Fee Waiver On December 18, 2023, the Company and the Investment Adviser entered into a voluntary letter waiver agreement (the “Waiver Agreement”) effective as of January 1, 2024, whereby the Investment Adviser agreed to waive certain portions of the incentive fees paid by the Company to the Investment Adviser pursuant to the Investment Management Agreement. The Waiver Agreement increases the hurdle rate, as described above, to 6.0% and waives any income based incentive fees that would have been earned at the current hurdle rate of 5.0%, so long as the average three-month SOFR over the trailing three-month period (the “Three Month SOFR”) is equal to or greater than 3.0% on the last day of the applicable quarter. If the Three Month SOFR falls below 3.0% on the last day of the applicable quarter, the hurdle rate will reset to 5.0%. Additionally, through the Waiver Agreement and with respect to the incentive fee on capital gains, the annualized, cumulative internal rate of return will be calculated using a Weighted Average Hurdle Rate (as defined in the Waiver Agreement) that takes into account any hurdle rate increases during the year. Expense Limitation Notwithstanding the foregoing, the Investment Adviser has agreed to reduce and/or waive its management fee (the "Specified Expenses Cap") each year such that the Company will not be required to pay Specified Expenses (as defined below) in excess of a maximum aggregate amount in any calendar year (prorated for partial years and portions of years for which each applicable prong of the cap applies) equal to: (1) during the Closing Period, 0.40% of the greater of (A) $500,000 or (B) actual aggregate Capital Commitments as of the end of such calendar year, (2) at the end of the Closing Period until the end of the Investment Period, 0.40% of aggregate Capital Commitments and (3) after the end of the Investment Period, 0.40% of the Company's average Members' Capital for the calendar year. Further, if the actual aggregate committed capital of the Company at the end of the Closing Period is less than $500,000, the prong of the Specified Expenses Cap in clause (1) above will be retroactively adjusted to equal 0.40% of aggregate Capital Commitments at the end of the Closing Period, and the Investment Adviser has agreed to further reduce and/or waive its management fee for the year in which the Closing Period ends in an amount equal to the difference between (A) the amount that would have been required to be waived/reimbursed pursuant to clause (1) above as adjusted and (B) the amount previously waived/reimbursed pursuant to clause (1) above. "Specified Expenses" of the Company means all Company Expenses (as defined under "Fund Expenses" in the limited liability company agreement, as amended and restated on May 23, 2023, and as amended from time to time, the "A&R LLC Agreement") incurred in the operation of the Company with the exception of: (i) the management fee, (ii) any incentive fees, (iii) Organizational and Offering Expenses (as defined in the A&R LLC Agreement) (which are subject to the Organizational and Offering Expense Cap as defined in the A&R LLC Agreement), (iv) Placement Fees (as defined in the A&R LLC Agreement), (v) interest on and fees and expenses arising out of all Company indebtedness and other financing, (vi) costs of any litigation and damages (including the costs of any indemnity or contribution right granted to any placement agent or third-party finder engaged by the Company or its affiliates) and (vii) for the avoidance of doubt, if applicable, any investor level withholding or other taxes. If, while the Investment Adviser is the investment adviser to the Company, the annualized Specified Expenses for a given calendar year are less than the Specified Expenses Cap, the Investment Adviser shall be entitled to reimbursement by the Company of the compensation waived and other expenses borne by the Investment Adviser (the "Reimbursement Amount") on behalf of the Company pursuant to the expense limitation and reimbursement agreement between the Company and the Investment Adviser (the "Expense Limitation and Reimbursement Agreement") during any of the previous thirty-six months, and provided that such amount paid to the Investment Adviser will in no event exceed the total Reimbursement Amount and will not include any amounts previously reimbursed. The Reimbursement Amount plus the annualized Specified Expenses for a given calendar year shall not exceed the Specified Expenses Cap. The Investment Adviser may recapture a Specified Expense in any year within the thirty-six month period after the Investment Adviser bears the expense. For the three months ended March 31, 2024, there were no reimbursements to the Investment Adviser pursuant to this provision. The Expense Limitation and Reimbursement Agreement may be amended by mutual agreement of the parties, provided that any amendment that could result in an increase in expenses borne by the Company also must be approved by vote of a majority of the Company's outstanding Units. The following table summarizes the management fees and incentive fees incurred by the Company for the three months ended March 31, 2024: Three Months Ended March 31, 2024 Management fee $ 216 Less: management fee waiver (108) Net management fee 108 Incentive fee, excluding accrued incentive fees on capital gains $ 291 For the three months ended March 31, 2024, no incentive fee on capital gains was accrued or owed under the Investment Management Agreement by the Company, as return of capital distributions, distributions of net investment income and distributions of net realized capital gains to unitholders did not exceed capital contributions. The Company has entered into an administration agreement with the Administrator (the "Administration Agreement") under which the Administrator provides administrative services. The Administration Agreement was most recently re-approved by the Company's board of directors on January 30, 2024 for a period of 12 months commencing on March 1, 2024. The Administrator maintains, or oversees the maintenance of, the Company's financial records, prepares reports filed with the U.S. Securities and Exchange Commission (the "SEC"), generally monitors the payment of the Company's expenses and oversees the performance of administrative and professional services rendered by others. The Administrator has hired a third-party sub-administrator to assist with the provision of administrative services. The Company reimburses the Administrator for the Company's allocable portion of overhead and other expenses incurred by the Administrator in performing its obligations to the Company under the Administration Agreement, including compensation of the Company's chief financial officer and chief compliance officer, and their respective staffs. Pursuant to the Administration Agreement and further restricted by the Company, the Administrator may, in its own discretion, submit to the Company for reimbursement some or all of the expenses that the Administrator has incurred on behalf of the Company during any quarterly period. As a result, the amount of expenses for which the Company will have to reimburse the Administrator may fluctuate in future quarterly periods and there can be no assurance given as to when, or if, the Administrator may determine to limit the expenses that the Administrator submits to the Company for reimbursement in the future. The Administrator cannot recoup any expenses that the Administrator has previously waived. For the three months ended March 31, 2024, approximately $148 of indirect administrative expenses were included in administrative expenses, of which $74 were waived by the Administrator. As of March 31, 2024 and December 31, 2023, approximately $74 and $0, respectively, of indirect administrative expenses were included in payable to affiliates. The Company, the Investment Adviser and the Administrator have also entered into a Trademark License Agreement, as amended (the "Trademark License Agreement"), with New Mountain Capital, pursuant to which New Mountain Capital has agreed to grant the Company, the Investment Adviser and the Administrator a non-exclusive, royalty-free license to use the "New Mountain Capital" name. Under the Trademark License Agreement, subject to certain conditions, the Company, the Investment Adviser and the Administrator will have a right to use the "New Mountain Capital" name, for so long as the Investment Adviser or one of its affiliates remains the investment adviser of the Company. Other than with respect to this limited license, the Company, the Investment Adviser and the Administrator will have no legal right to the "New Mountain Capital" name. The Investment Adviser and its affiliates may also manage other funds in the future that may have investment mandates that are similar, in whole or in part, to the Company's investment mandate. The Investment Adviser and its affiliates may determine that an investment is appropriate for the Company or for one or more of those other funds. In such event, depending on the availability of such investment and other appropriate factors, the Investment Adviser or its affiliates may determine that the Company should invest side-by-side with one or more other funds. Any such investments will be made only to the extent permitted by applicable law and interpretive positions of the SEC and its staff and consistent with the Investment Adviser's allocation procedures. On October 8, 2019, the SEC issued an exemptive order (the "Exemptive Order") to the Investment Adviser and certain of its affiliates, which superseded a prior order issued on December 18, 2017, which permits the Company to co-invest in portfolio companies with certain funds or entities managed by the Investment Adviser or its affiliates in certain negotiated transactions where co-investing would otherwise be prohibited under the 1940 Act, subject to the conditions of the Exemptive Order. Pursuant to the Exemptive Order, the Company is permitted to co-invest with its affiliates if a "required majority" (as defined in Section 57(o) of the 1940 Act) of the Company's directors who are not "interested persons," as that term is defined in Section 2(a)(19) of the 1940 Act (the "Independent Directors"), make certain conclusions in connection with a co-investment transaction, including, but not limited to, that (1) the terms of the potential co-investment transaction, including the consideration to be paid, are reasonable and fair to the Company and its unitholders and do not involve overreaching in respect of the Company or its unitholders on the part of any person concerned, and (2) the potential co-investment transaction is consistent with the interests of the Company's unitholders and is consistent with its then-current investment objective and strategies. In addition, pursuant to an exemptive order issued by the SEC on April 8, 2020 and applicable to all BDCs through December 31, 2020 (the "Temporary Relief"), affiliates of the Company were permitted, subject to the satisfaction of certain conditions, to complete follow-on investments in its existing portfolio companies with certain affiliates that are private funds if such private funds did not previously hold an investment in such existing portfolio company. Without the Temporary Relief, such private funds would not be able to participate in such follow-on investments unless the private funds had previously acquired securities of the portfolio company in a co-investment transaction with certain affiliates of the Company. Although the Temporary Relief expired on December 31, 2020, the SEC’s Division of Investment Management had indicated that until March 31, 2022, it would not recommend enforcement action, to the extent that any BDC with an existing co-investment order continued to engage in certain transactions described in the Temporary Relief, pursuant to the same terms and conditions described therein. The Temporary Relief is no longer effective; however, on August 30, 2022, New Mountain Finance Corporation, an affiliate of the Company and the Investment Adviser, and certain other affiliated applicants, received an Order from the SEC that amended its existing Exemptive Order to permit the applicants, including Future Regulated Funds (as defined in the Exemptive Order) such as the Company, to continue to complete follow-on investments in its existing portfolio companies with certain affiliates that are private funds if such private funds do not hold an investment in such existing portfolio company, subject to certain conditions. On June 23, 2023, the Company entered into an uncommitted revolving loan agreement with NMF Investments III, L.L.C., an affiliate of the Investment Adviser (the "Uncommitted Revolving Loan Agreement"), with a $10,000 maximum amount of revolver borrowings available and a maturity date of December 31, 2025. Refer to Note 6. Borrowings for discussion of the Unsecured Management Company Revolver (as defined below).

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings Unsecured Management Company Revolver —The Uncommitted Revolving Loan Agreement, dated June 23, 2023, among the Company, as the borrower, and NMF Investments III, L.L.C., an affiliate of the Investment Adviser, as the lender (the "Uncommitted Revolving Loan Agreement"), is structured as a discretionary unsecured revolving credit facility (the "Unsecured Management Company Revolver"). The proceeds from the Unsecured Management Company Revolver may be used for general corporate purposes, including the funding of portfolio investments. The maturity date of the Unsecured Management Company Revolver is December 31, 2025 and the maximum facility amount is $10,000. The Unsecured Management Company Revolver generally bears interest at a rate of 7.00% per annum (as defined in the Uncommitted Revolving Loan Agreement). For the three months ended March 31, 2024, interest expense and amortization of financing costs incurred on the Unsecured Management Company Revolver were $0 and $2, respectively. As of March 31, 2024 and December 31, 2023, there was no outstanding balance under the Unsecured Management Company Revolver. BMO Subscription Line —On June 29, 2023, the Company entered into a Loan Authorization Agreement with BMO Bank N.A. (formerly known as BMO Harris Bank N.A., "BMO") (as amended, from time to time, the "Loan Authorization Agreement"), which allows the Company to borrow on a revolving credit basis an aggregate principal amount which cannot exceed $125,000 (the "BMO Subscription Line"). See Note 13. Subsequent Events . All outstanding borrowings under the BMO Subscription Line are due on BMO's demand within 15 business days or the earliest to occur on the date (x) six months after each advance date and (y) 30 days prior to the termination of the Investment Period, which varies throughout the period. The BMO Subscription Line is collateralized by the unfunded Capital Commitments of each of the Company's unitholders. All fees associated with the origination and amendment of the BMO Subscription Line are capitalized on the Statements of Assets, Liabilities and Members' Capital and amortized and charged against income as other financing costs over the life of the BMO Subscription Line. The BMO Subscription Line bears interest at the greater of the prime commercial rate minus 0.25% per annum or the Secured Overnight Financing Rate ("SOFR") Quoted Rate (as defined below) for such day plus 2.50% per annum. SOFR Quoted Rate means as of any day of determination, 3-month Term SOFR on the date that is two U.S. Government Securities Business Days prior to such day of determination as such rate is published by the Term SOFR Administrator plus a credit spread adjustment of 0.15%. The BMO Subscription Line also charges an annual administrative fee, based on the Amount of Maximum Credit then in effect (as defined in the Loan Authorization Agreement). For the three months ended March 31, 2024, interest expense, administrative fees and amortization of financing costs incurred on the BMO Subscription Line were $80, $18, and $38, respectively. The weighted average interest rate and effective interest rate on the BMO Subscription Line for the three months ended March 31, 2024 were 8.3% and 12.2%, respectively. As of March 31, 2024 and December 31, 2023, the outstanding balance on the BMO Subscription Line was $9,800 and $0, respectively, and the Company was in compliance with the applicable covenants under the Loan Authorization Agreement on such dates. Leverage risk factors

Regulation

Regulation	3 Months Ended
	Mar. 31, 2024
Investment Company [Abstract]
Regulation	Regulation The Company intends to elect to be treated for U.S. federal income tax purposes as a RIC under Subchapter M of the Code with the filing of its tax return for the year ended December 31, 2023, and thereafter intends to comply with the requirements to continue to qualify and maintain its status as a RIC annually. In order to continue to qualify and be subject to tax treatment as a RIC for U.S. federal income tax purposes, among other things, the Company is generally required to timely distribute to its unitholders at least 90.0% of its investment company taxable income, as defined by the Code, for each year. The Company, among other things, intends to make and will continue to make the requisite timely distributions to its unitholders, and as such, the Company will generally be relieved from U.S. federal, state, and local income taxes (excluding excise taxes which may be imposed under the Code).

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Company may enter into contracts that contain a variety of representations and warranties and which provide general indemnifications. The Company may also enter into future funding commitments such as revolving credit facilities, bridge financing commitments or delayed draw commitments. As of March 31, 2024, the Company had unfunded commitments on revolving credit facilities of $7,336, no outstanding bridge financing commitments and other future funding commitments of $43,773. As of December 31, 2023, the Company had unfunded commitments on revolving credit facilities of $3,979, no outstanding bridge financing commitments, and other future funding commitments of $23,198. The unfunded commitments on revolving credit facilities and delayed draws are disclosed on the Company's Schedules of Investments. The Company also had revolving borrowings available under the Unsecured Management Company Revolver and BMO Subscription Line as of March 31, 2024 and December 31, 2023. See Note 6. Borrowings , for details. The Company may from time to time enter into financing commitment letters. As of March 31, 2024 and December 31, 2023, the Company had commitment letters to purchase investments in the aggregate par amount of $3,175 and $5,003, respectively, which could require funding in the future.

Members' Capital

Members' Capital	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Members' Capital	Members' Capital There were no Units issued or proceeds received related to capital drawdowns delivered pursuant to the Subscription Agreements for the three months ended March 31, 2024. The following table reflects the distributions declared on the Company's Units for the three months ended March 31, 2024: Date Declared Record Date Payment Date Per Unit Amount March 20, 2024 March 27, 2024 April 19, 2024 $ 0.273

Earnings (Loss) Per Unit

Earnings (Loss) Per Unit	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings (Loss) Per Unit	Earnings (Loss) Per Unit The following information sets forth the computation of basic net increase (decrease) in the Company's members' capital per Unit resulting from operations for the three months ended March 31, 2024: Three Months Ended March 31, 2024 Earnings (Loss) per unit—basic & diluted Numerator for basic & diluted earnings (loss) per unit: $ 3,160 Denominator for basic & diluted weighted average unit: 10,560,000 Basic & diluted earnings (loss) per unit: $ 0.30

Financial Highlights

Financial Highlights	3 Months Ended
	Mar. 31, 2024
Investment Company [Abstract]
Financial Highlights	Financial Highlights The following information sets forth the Company's financial highlights for the three months ended March 31, 2024: Three Months Ended March 31, 2024 Per unit data(1): Members' capital, December 31, 2023 $ 10.02 Net investment income (loss) 0.25 Net realized and unrealized gains (losses) 0.05 Total net increase (decrease) 0.30 Distributions declared to unitholders from net investment income (0.27) Members' capital, March 31, 2024 $ 10.05 Total return based on members' capital(2) 2.99 % Units outstanding at end of period 10,560,000 Average weighted units outstanding for the period 10,560,000 Average members' capital for the period $ 105,833 Ratio to average members' capital: Net investment income (loss)(3) 10.35 % Total expenses, before waivers(3) 4.40 % Total expenses, net of waivers(3) 3.71 % Average debt outstanding—Unsecured Management Company Revolver $ — Average debt outstanding—BMO Subscription Line $ 3,902 Asset coverage ratio 1,182.72 % Portfolio turnover 0.18 % Capital Commitments $ 211,200 Funded Capital Commitments $ 105,600 % of Capital Commitments funded 50.00 % (1) Per unit data is based on weighted average units outstanding for the respective period (except for distributions declared to unitholders, which are based on actual rate per unit). (2) Total return is calculated assuming a purchase price at members' capital per Unit on the first day of the year and a sale at members' capital per Unit on the last day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at members' capital per Unit on the last day of the respective quarter. Total return calculation is not annualized. (3) Annualized, except organizational and offering costs.

Recent Accounting Standards Upd

Recent Accounting Standards Updates	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Standards Updates	Recent Accounting Standards Updates In March 2020, the Financial Accounting Standards Board issued Accounting Standards Update No. 2020-04, Reference Rate Reform (Topic 848) : Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard was effective as of March 12, 2020 through December 31, 2022. Management is currently evaluating the impact of the optional guidance on the Company's financial statements and disclosures. The Company did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the three months ended March 31, 2024. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which deferred the sunset day of this guidance to December 31, 2024. The Company is currently evaluating the impact of this guidance on its financial statements. In December 2020, the SEC adopted a rule providing a framework for fund valuation practices. Rule 2a-5 under the 1940 Act (“Rule 2a-5”) establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits boards, subject to board oversight and certain other conditions, to designate certain parties to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must determine the fair value of a security. Rule 31a-4 under the 1940 Act (“Rule 31a-4”), also provides the recordkeeping requirements associated with fair value determinations. While the Company's board of directors has not elected to designate the Investment Adviser as the valuation designee, the Company has adopted certain revisions to its valuation policies and procedures in order comply with the applicable requirements of Rule 2a-5 and Rule 31a-4.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 12, 2024, the Company entered into an amendment to the Loan Authorization Agreement revising the calculation of Remaining Capital Commitments (as defined in the Loan Authorization Agreement) to include certain of the Company's additional capital commitments not otherwise contemplated under the Loan Authorization Agreement (the "Amendment"). The Amendment increased the maximum amount of borrowings available under the BMO Subscription Line from $52,800 to $125,000. On April 5, 2024, the Company entered into Subscription Agreements with several investors for the private placement of the Company's Units, which increased the Company's aggregate capital commitments accepted from $211,200 to $490,505. On May 2, 2024, the Company delivered a capital drawdown notice to the Company's investors relating to the sale of 13,965,250 of the Company's Units for an aggregate offering price of $139,653. The Units will be issued to the Company's investors on May 21, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Pay vs Performance Disclosure
Net increase in members' capital resulting from operations	$ 3,160

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of accounting	Basis of accounting —The Company's financial statements have been prepared in conformity with accounting principles generally accepted in the United States ("GAAP"). The Company is an investment company following accounting and reporting guidance in Accounting Standards Codification Topic 946, Financial Services — Investment Companies ("ASC 946"). The Company's financial statements reflect all adjustments and reclassifications which, in the opinion of management, are necessary for the fair presentation of the results of operations and financial condition for the period(s) presented. Revenues are recognized when earned and expenses when incurred. The financial results of the Company's portfolio investments are not consolidated in the financial statements. The Company's interim financial statements are prepared in accordance with GAAP and pursuant to the requirements for reporting on Form 10-Q and Articles 6 and 10 of Regulation S-X. Accordingly, the Company’s interim financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting solely of normal recurring accruals considered necessary for the fair presentation of financial statements for the interim period, have been included. The current period's results of operations will not necessarily be indicative of results that ultimately may be achieved for the fiscal year ending December 31, 2024.
Investments	Investments —The Company applies fair value accounting in accordance with GAAP. Fair value is the amount 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. Investments are reflected on the Company's Statements of Assets, Liabilities and Members' Capital at fair value, with changes in unrealized gains and losses resulting from changes in fair value reflected in the Company's Statement of Operations as "Net change in unrealized appreciation (depreciation) of investments" and realizations on portfolio investments reflected in the Company's Statement of Operations as "Net realized gains (losses) on investments". The Company values its assets on a quarterly basis, or more frequently if required under the 1940 Act. In all cases, the Company's board of directors is ultimately and solely responsible for determining the fair value of the Company's portfolio investments on a quarterly basis in good faith, including investments that are not publicly traded, those whose market prices are not readily available and any other situation where its portfolio investments require a fair value determination. Security transactions are accounted for on a trade date basis. The Company's quarterly valuation procedures are set forth in more detail below: (1) Investments for which market quotations are readily available on an exchange are valued at such market quotations based on the closing price indicated from independent pricing services. (2) Investments for which indicative prices are obtained from various pricing services and/or brokers or dealers are valued through a multi-step valuation process, as described below, to determine whether the quote(s) obtained is representative of fair value in accordance with GAAP. a. Bond quotes are obtained through independent pricing services. Internal reviews are performed by the investment professionals of the Investment Adviser to ensure that the quote obtained is representative of fair value in accordance with GAAP and, if so, the quote is used. If the Investment Adviser is unable to sufficiently validate the quote(s) internally and if the investment's par value or its fair value exceeds the materiality threshold, the investment is valued similarly to those assets with no readily available quotes (see (3) below); and b. For investments other than bonds, the Company looks at the number of quotes readily available and performs the following procedures: i. Investments for which two or more quotes are received from a pricing service are valued using the mean of the mean of the bid and ask of the quotes obtained. The Company will evaluate the reasonableness of the quote, and if the quote is determined to not be representative of fair value, the Company will use one or more of the methodologies outlined below to determine fair value; and ii. Investments for which one quote is received from a pricing service are validated internally. The investment professionals of the Investment Adviser analyze the market quotes obtained using an array of valuation methods (further described below) to validate the fair value. If the Investment Adviser is unable to sufficiently validate the quote internally and if the investment's par value or its fair value exceeds the materiality threshold, the investment is valued similarly to those assets with no readily available quotes (see (3) below). (3) Investments for which quotations are not readily available through exchanges, pricing services, brokers, or dealers are valued through a multi-step valuation process: a. Each portfolio company or investment is initially valued by the investment professionals of the Investment Adviser responsible for the credit monitoring; b. Preliminary valuation conclusions will then be documented and discussed with the Company's senior management; c. If an investment falls into (3) above for four consecutive quarters and if the investment's par value or its fair value exceeds the materiality threshold, then at least once each fiscal year, the valuation for each portfolio investment for which the Company does not have a readily available market quotation will be reviewed by an independent valuation firm engaged by the Company's board of directors; and d. When deemed appropriate by the Company's management, an independent valuation firm may be engaged to review and value investment(s) of a portfolio company, without any preliminary valuation being performed by the Investment Adviser. The investment professionals of the Investment Adviser will review and validate the value provided. For investments in revolving credit facilities and delayed draw commitments, the cost basis of the funded investments purchased is offset by any costs/netbacks received for any unfunded portion on the total balance committed. The fair value is also adjusted for the price appreciation or depreciation on the unfunded portion. As a result, the purchase of a commitment not completely funded may result in a negative fair value until it is called and funded.
Cash and cash equivalents	Cash and cash equivalents —Cash and cash equivalents include cash and short-term, highly liquid investments. The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and so near maturity that there is insignificant risk of changes in value. These securities have original maturities of three months or less. The Company did not hold any cash equivalents as of March 31, 2024 and December 31, 2023.
Revenue recognition	Revenue recognition Sales and paydowns of investments: Realized gains and losses on investments are determined on the specific identification method. Interest income: Interest income, including amortization of premium and discount using the effective interest method, is recorded on the accrual basis and periodically assessed for collectability. Interest income also includes interest earned from cash on hand. Upon the prepayment of a loan or debt security, any prepayment penalties are recorded as part of interest income. The Company has loans in its portfolio that contain a payment-in-kind ("PIK") interest. PIK interest is accrued and recorded as income at the contractual rates, if deemed collectible. The PIK interest is added to the principal or share balances on the capitalization dates and are generally due at maturity or when redeemed by the issuer. For the three months ended March 31, 2024, the Company recognized PIK interest from investments of $144. Non-accrual income: Investments are placed on non-accrual status when principal or interest payments are past due for 30 days or more and when there is reasonable doubt that principal or interest will be collected. Accrued cash and un-capitalized PIK interest are reversed when an investment is placed on non-accrual status. Previously capitalized PIK interest is not reversed when an investment is placed on non-accrual status. Interest payments received on non-accrual investments may be recognized as income or applied to principal depending upon management's judgment of the ultimate collectability. Non-accrual investments are restored to accrual status when past due principal and interest is paid and, in management's judgment, are likely to remain current. As of March 31, 2024 and December 31, 2023, no investments were on non-accrual status. Fee income: Fee income represents delayed compensation, revolver fees, upfront fees, amendment fees and other miscellaneous fees received and are typically non-recurring in nature. Delayed compensation is income earned from counterparties on trades that do not settle within a set number of business days after the trade date. Fee income may also include fees from bridge loans. The Company may from time to time enter into bridge financing commitments, an obligation to provide interim financing to a counterparty until permanent credit can be obtained. These commitments are short-term in nature and may expire unfunded. A fee is received by the Company for providing such commitments. Structuring fees and upfront fees are recognized as income when earned, usually when paid at the closing of the investment, and are non-refundable. Income received in exchange for the provision of services such as recurring administration services are also recognized as fee income in the period in which it was earned.
Interest and other financing expenses	Interest and other financing expenses
Organizational expenses	Organizational expenses
Deferred offering costs	Deferred offering costs
Deferred financing costs	Deferred financing costs
Incomes taxes	Income taxes —The Company was treated as a disregarded entity wholly owned by the Investment Adviser for the period beginning with the date of its inception on November 4, 2022 through May 23, 2023. The Company intends to elect to be treated as a RIC for U.S. federal income tax purposes under Subchapter M of the Code with the filing of its first tax return for the year ended December 31, 2023, and thereafter intends to comply with the requirements to qualify and maintain its status as a RIC annually. As a RIC, the Company will not be subject to U.S. federal income tax on the portion of taxable income and gains timely distributed to its unitholders. To qualify and be subject to tax treatment as a RIC, the Company is required to meet certain income and asset diversification tests in addition to timely distributing at least 90.0% of its investment company taxable income, as defined by the Code. Since U.S. federal income tax regulations differ from GAAP, distributions in accordance with tax regulations may differ from net investment income and realized gains recognized for financial reporting purposes. Differences between taxable income and the results of operations for financial reporting purposes may be permanent or temporary in nature. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Differences in classification may also result from the treatment of short-term gains as ordinary income for U.S. federal income tax purposes. For U.S. federal income tax purposes, distributions paid to unitholders of the Company are reported as ordinary income, return of capital, long term capital gains or a combination thereof. The Company will be subject to a 4.0% nondeductible federal excise tax on certain undistributed income unless the Company distributes, in a timely manner as required by the Code, an amount at least equal to the sum of (1) 98.0% of its respective net ordinary income earned for the calendar year and (2) 98.2% of its respective capital gain net income for the one-year period ending October 31 in the calendar year. Based on its analysis, the Company has determined that there were no uncertain tax positions that do not meet the more likely than not threshold as defined by Accounting Standards Codification Topic 740, Income Taxes ("ASC 740") through December 31, 2023. The 2023 tax year and forward remain subject to examination by the U.S. federal, state, and local tax authorities.
Distributions	Distributions —Distributions to the Company's unitholders are recorded on the record date as set by the Company's board of directors. The Company intends to make timely distributions to its unitholders that will be sufficient to enable the Company to qualify and maintain its status as a RIC. The Company intends to distribute approximately all of its net investment income on a quarterly basis and substantially all of its taxable income on an annual basis, except that the Company may retain certain net capital gains for reinvestment.
Earnings per Unit	Earnings per Unit —The Company's earnings per unit ("EPU") amounts have been computed based on the weighted-average number of Units outstanding for the period. Basic EPU is computed by dividing net increase (decrease) in members' capital resulting from operations by the weighted average number of Units outstanding during the period of computation. Diluted EPU is computed by dividing net increase (decrease) in members' capital resulting from operations by the weighted average number of Units assuming all potential Units had been issued, and its related net impact to members' capital accounted for, and the additional Units were dilutive. Diluted EPU reflects the potential dilution, using the as-if-converted method for convertible debt, which could occur if all potentially dilutive securities were exercised.
Foreign securities	Foreign securities
Use of estimates	Use of estimates —The preparation of the Company's financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Company's financial statements and the reported amounts of revenues and expenses during the reporting periods. Changes in the economic environment, financial markets, and other metrics used in determining these estimates could cause actual results to differ from the estimates used, and the differences could be material.
Fair value	Fair Value Pursuant to Rule 2a-5, a market quotation is readily available for purposes of Section 2(a)(41) of the 1940 Act with respect to a security only when that “quotation is a quoted price (unadjusted) in active markets for identical investments that the fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable.” Fair value is the amount 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. Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosure ("ASC 820") establishes a fair value hierarchy that prioritizes and ranks the inputs to valuation techniques used in measuring investments at fair value. The hierarchy classifies the inputs used in measuring fair value into three levels as follows: Level I —Quoted prices (unadjusted) are available in active markets for identical investments and the Company has the ability to access such quotes as of the reporting date. The type of investments which would generally be included in Level I include active exchange-traded equity securities and exchange-traded derivatives. As required by ASC 820, the Company, to the extent that it holds such investments, does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price. Level II —Pricing inputs are observable for the investments, either directly or indirectly, as of the reporting date, but are not the same as those used in Level I. Level II inputs include the following: • Quoted prices for similar assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in non-active markets (examples include corporate and municipal bonds, which trade infrequently); • Pricing models whose inputs are observable for substantially the full term of the asset or liability (examples include most over-the-counter derivatives, including foreign exchange forward contracts); and • Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. Level III —Pricing inputs are unobservable for the investment and include situations where there is little, if any, market activity for the investment. The inputs used to measure fair value may fall into different levels. In all instances when the inputs fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level of input that is significant to the fair value measurement in its entirety. As such, a Level III fair value measurement may include inputs that are both observable and unobservable. Gains and losses for such assets categorized within the Level III table below may include changes in fair value that are attributable to both observable inputs and unobservable inputs. The inputs into the determination of fair value require significant judgment or estimation by management and consideration of factors specific to each investment. A review of the fair value hierarchy classifications is conducted on a quarterly basis. Changes in the observability of valuation inputs may result in the transfer of certain investments within the fair value hierarchy from period to period.
Recent accounting standards updates	Recent Accounting Standards Updates In March 2020, the Financial Accounting Standards Board issued Accounting Standards Update No. 2020-04, Reference Rate Reform (Topic 848) : Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard was effective as of March 12, 2020 through December 31, 2022. Management is currently evaluating the impact of the optional guidance on the Company's financial statements and disclosures. The Company did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the three months ended March 31, 2024. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which deferred the sunset day of this guidance to December 31, 2024. The Company is currently evaluating the impact of this guidance on its financial statements. In December 2020, the SEC adopted a rule providing a framework for fund valuation practices. Rule 2a-5 under the 1940 Act (“Rule 2a-5”) establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Rule 2a-5 permits boards, subject to board oversight and certain other conditions, to designate certain parties to perform fair value determinations. Rule 2a-5 also defines when market quotations are “readily available” for purposes of the 1940 Act and the threshold for determining whether a fund must determine the fair value of a security. Rule 31a-4 under the 1940 Act (“Rule 31a-4”), also provides the recordkeeping requirements associated with fair value determinations. While the Company's board of directors has not elected to designate the Investment Adviser as the valuation designee, the Company has adopted certain revisions to its valuation policies and procedures in order comply with the applicable requirements of Rule 2a-5 and Rule 31a-4.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
Schedule of Investments [Abstract]
Schedule of Investments	At March 31, 2024, the Company's investments consisted of the following: Investment Cost and Fair Value by Type Cost Fair Value First lien $ 122,828 $ 124,405 Second lien 3,896 3,946 Subordinated 2,682 2,844 Total investments $ 129,406 $ 131,195 Investment Cost and Fair Value by Industry Cost Fair Value Software $ 52,278 $ 52,790 Business Services 46,414 46,723 Healthcare 12,850 12,946 Education 7,080 7,244 Food & Beverage 4,588 5,253 Consumer Services 3,584 3,623 Financial Services 2,612 2,616 Total investments $ 129,406 $ 131,195 At December 31, 2023, the Company's investments consisted of the following: Investment Cost and Fair Value by Type Cost Fair Value First lien $ 82,696 $ 83,830 Second lien 717 752 Subordinated 1,954 2,031 Total investments $ 85,367 $ 86,613 Investment Cost and Fair Value by Industry Cost Fair Value Business Services $ 34,107 $ 34,304 Software 29,533 29,969 Healthcare 9,342 9,387 Food & Beverage 3,937 4,335 Education 3,215 3,351 Consumer Services 2,941 2,975 Financial Services 2,292 2,292 Total investments $ 85,367 $ 86,613

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Summary of Portfolio Investments by Level in the Fair Value Hierarchy	The following table summarizes the levels in the fair value hierarchy that the Company's portfolio investments fall into as of March 31, 2024: Total Level I Level II Level III First lien $ 124,405 $ — $ 11,399 $ 113,006 Second lien 3,946 — — 3,946 Subordinated 2,844 — 2,844 — Total investments $ 131,195 $ — $ 14,243 $ 116,952 The following table summarizes the levels in the fair value hierarchy that the Company's portfolio investments fall into as of December 31, 2023: Total Level I Level II Level III First lien $ 83,830 $ — $ 8,465 $ 75,365 Second lien 752 — — 752 Subordinated 2,031 — 2,031 — Total investments $ 86,613 $ — $ 10,496 $ 76,117
Summary of Changes in Level III Portfolio Investments	The following table summarizes the changes in fair value of Level III portfolio investments for the three months ended March 31, 2024, as well as the portion of appreciation (depreciation) included in income attributable to the net change in unrealized appreciation (depreciation) related to those assets and liabilities still held by the Company at March 31, 2024: Total First Lien Second Lien Fair value, December 31, 2023 $ 76,117 $ 75,365 $ 752 Total gains or losses included in earnings: Net change in unrealized appreciation (depreciation) of investments 489 471 18 Purchases, including capitalized PIK and revolver fundings 39,883 36,707 3,176 Proceeds from sales and paydowns of investments (527) (527) — Transfers into Level III(1) 2,975 2,975 — Transfers out of Level III(1) (1,985) (1,985) — Fair Value, March 31, 2024 $ 116,952 $ 113,006 $ 3,946 Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period: $ 489 $ 471 $ 18 (1) As of March 31, 2024, portfolio investments were transferred into Level III from Level II and out of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred.
Summary of Unobservable Inputs	The unobservable inputs used in the fair value measurement of the Company's Level III investments as of March 31, 2024 were as follows: Range Type Fair Value as of March 31, 2024 Approach Unobservable Input Low High Weighted First lien $ 110,356 Market & income approach EBITDA multiple 8.5x 30.0x 17.0x Revenue multiple 4.0x 16.6x 9.4x Discount rate 7.8 % 12.9 % 10.2 % 1,980 Market quote Broker quote N/A N/A N/A 670 Other N/A (2) N/A N/A N/A Second lien 769 Market & income approach Discount rate 12.2 % 12.2 % 12.2 % 3,177 Other N/A (2) N/A N/A N/A $ 116,952 (1) Unobservable inputs were weighted by the relative fair value of the investments. (2) Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date. The unobservable inputs used in the fair value measurement of the Company's Level III investments as of December 31, 2023 were as follows: Range Type Fair Value as of December 31, 2023 Approach Unobservable Input Low High Weighted First lien $ 59,470 Market & income approach EBITDA multiple 8.5x 27.0x 18.4x Revenue multiple 8.0x 10.0x 9.0x Discount rate 7.2 % 11.2 % 9.5 % 15,895 Other N/A (2) N/A N/A N/A Second lien 752 Market & income approach Discount rate 12.9% 12.9% 12.9% $ 76,117 (1) Unobservable inputs were weighted by the relative fair value of the investments. (2) Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date.
Schedule of Principal Amounts and Fair Values of Borrowings	The following are the principal amounts and fair values of the Company’s borrowings as of March 31, 2024 and December 31, 2023. Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings, or market quotes, if available. As of March 31, 2024 December 31, 2023 Principal Amount Fair Value Principal Amount Fair Value BMO Subscription Line $ 9,800 $ 9,839 $ — $ —

Agreements and Related Parties

Agreements and Related Parties (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of Management Fees and Incentive Fees	The following table summarizes the management fees and incentive fees incurred by the Company for the three months ended March 31, 2024: Three Months Ended March 31, 2024 Management fee $ 216 Less: management fee waiver (108) Net management fee 108 Incentive fee, excluding accrued incentive fees on capital gains $ 291

Members' Capital (Tables)

Members' Capital (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Summary of Distributions Declared	The following table reflects the distributions declared on the Company's Units for the three months ended March 31, 2024: Date Declared Record Date Payment Date Per Unit Amount March 20, 2024 March 27, 2024 April 19, 2024 $ 0.273

Earnings (Loss) Per Unit (Table

Earnings (Loss) Per Unit (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic Net Increase (decrease)	The following information sets forth the computation of basic net increase (decrease) in the Company's members' capital per Unit resulting from operations for the three months ended March 31, 2024: Three Months Ended March 31, 2024 Earnings (Loss) per unit—basic & diluted Numerator for basic & diluted earnings (loss) per unit: $ 3,160 Denominator for basic & diluted weighted average unit: 10,560,000 Basic & diluted earnings (loss) per unit: $ 0.30

Financial Highlights (Tables)

Financial Highlights (Tables)	3 Months Ended
	Mar. 31, 2024
Investment Company [Abstract]
Schedule of Financial Highlights	The following information sets forth the Company's financial highlights for the three months ended March 31, 2024: Three Months Ended March 31, 2024 Per unit data(1): Members' capital, December 31, 2023 $ 10.02 Net investment income (loss) 0.25 Net realized and unrealized gains (losses) 0.05 Total net increase (decrease) 0.30 Distributions declared to unitholders from net investment income (0.27) Members' capital, March 31, 2024 $ 10.05 Total return based on members' capital(2) 2.99 % Units outstanding at end of period 10,560,000 Average weighted units outstanding for the period 10,560,000 Average members' capital for the period $ 105,833 Ratio to average members' capital: Net investment income (loss)(3) 10.35 % Total expenses, before waivers(3) 4.40 % Total expenses, net of waivers(3) 3.71 % Average debt outstanding—Unsecured Management Company Revolver $ — Average debt outstanding—BMO Subscription Line $ 3,902 Asset coverage ratio 1,182.72 % Portfolio turnover 0.18 % Capital Commitments $ 211,200 Funded Capital Commitments $ 105,600 % of Capital Commitments funded 50.00 % (1) Per unit data is based on weighted average units outstanding for the respective period (except for distributions declared to unitholders, which are based on actual rate per unit). (2) Total return is calculated assuming a purchase price at members' capital per Unit on the first day of the year and a sale at members' capital per Unit on the last day of the period. Dividends and distributions, if any, are assumed for purposes of this calculation, to be reinvested at members' capital per Unit on the last day of the respective quarter. Total return calculation is not annualized. (3) Annualized, except organizational and offering costs.

Formation and Business Purpose

Formation and Business Purpose (Details) - USD ($) $ in Thousands		3 Months Ended
	May 23, 2023	Mar. 31, 2024
Summary of Investment Holdings [Line Items]
Investment period	4 years
Term of company	6 years
Term of company, extension period	1 year
Term of company, additional extension period	1 year
Minimum
Summary of Investment Holdings [Line Items]
EBITDA as defined for middle market business		$ 10,000
Maximum
Summary of Investment Holdings [Line Items]
EBITDA as defined for middle market business		200,000
Private Placement
Summary of Investment Holdings [Line Items]
Offering period	18 months
New Mountain Capital
Summary of Investment Holdings [Line Items]
Assets under management		$ 50,000,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Thousands		3 Months Ended
	Dec. 14, 2022 USD ($)	Mar. 31, 2024 USD ($) investment	Dec. 31, 2023 investment
Related Party Transaction [Line Items]
PIK interest		$ 144
Investments threshold period past due for nonaccrual status		30 days
Number of investments on non-accrual status | investment		0	0
Amortization period for deferred offering costs		12 months
Investment Management Agreement | Payable to affiliate
Related Party Transaction [Line Items]
Organizational and offering expenses, reduction to base management fee, threshold	$ 2,000	$ 2,000
Organizational and offering expenses, reduction to base management fee, multiplier	0.25%	0.25%

Investments - Schedule of Inves

Investments - Schedule of Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Cost	$ 129,406	[1]	$ 85,367	[2]
Fair Value	131,195	[1]	86,613	[2]
Software
Schedule of Investments [Line Items]
Cost	52,278		29,533
Fair Value	52,790		29,969
Business Services
Schedule of Investments [Line Items]
Cost	46,414		34,107
Fair Value	46,723		34,304
Healthcare
Schedule of Investments [Line Items]
Cost	12,850		9,342
Fair Value	12,946		9,387
Education
Schedule of Investments [Line Items]
Cost	7,080		3,215
Fair Value	7,244		3,351
Food & Beverage
Schedule of Investments [Line Items]
Cost	4,588		3,937
Fair Value	5,253		4,335
Consumer Services
Schedule of Investments [Line Items]
Cost	3,584		2,941
Fair Value	3,623		2,975
Financial Services
Schedule of Investments [Line Items]
Cost	2,612		2,292
Fair Value	2,616		2,292
First lien
Schedule of Investments [Line Items]
Cost	122,828		82,696
Fair Value	124,405		83,830
Second lien
Schedule of Investments [Line Items]
Cost	3,896		717
Fair Value	3,946		752
Subordinated
Schedule of Investments [Line Items]
Cost	2,682		1,954
Fair Value	$ 2,844		$ 2,031
[1] New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act.

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Unfunded Commitments on Revolving Credit Facilities
Investment Company, Nonconsolidated Subsidiary [Line Items]
Principal amount	$ 7,336,000	$ 3,979,000
Unfunded Commitments on Bridge Facilities
Investment Company, Nonconsolidated Subsidiary [Line Items]
Principal amount	0	0
Unfunded Commitments on Delayed Draws or Other Future Funding Commitments
Investment Company, Nonconsolidated Subsidiary [Line Items]
Principal amount	$ 43,773,000	$ 23,198,000

Fair Value - Summary of Portfol

Fair Value - Summary of Portfolio Investments by Level in the Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Mar. 31, 2024		Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	$ 131,195	[1]	$ 86,613	[2]
First lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	124,405		83,830
Second lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	3,946		752
Subordinated
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	2,844		2,031
Level I
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	0		0
Level I | First lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	0		0
Level I | Second lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	0		0
Level I | Subordinated
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	0		0
Level II
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	14,243		10,496
Level II | First lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	11,399		8,465
Level II | Second lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	0		0
Level II | Subordinated
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	2,844		2,031
Level III
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	116,952		76,117
Level III | First lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	113,006		75,365
Level III | Second lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	3,946		752
Level III | Subordinated
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at fair value	$ 0		$ 0
[1] New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act.

Fair Value - Summary of Changes

Fair Value - Summary of Changes in Level III Portfolio Investments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Total
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 76,117
Total gains or losses included in earnings	489
Purchases, including capitalized PIK and revolver fundings	39,883
Proceeds from sales and paydowns of investments	(527)
Transfers into Level III	2,975
Transfers out of Level III	(1,985)
Ending balance	116,952
Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period:	489
First Lien
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	75,365
Total gains or losses included in earnings	471
Purchases, including capitalized PIK and revolver fundings	36,707
Proceeds from sales and paydowns of investments	(527)
Transfers into Level III	2,975
Transfers out of Level III	(1,985)
Ending balance	113,006
Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period:	471
Second Lien
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	752
Total gains or losses included in earnings	18
Purchases, including capitalized PIK and revolver fundings	3,176
Proceeds from sales and paydowns of investments	0
Transfers into Level III	0
Transfers out of Level III	0
Ending balance	3,946
Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period:	$ 18

Fair Value - Summary of Unobser

Fair Value - Summary of Unobservable Inputs (Details) $ in Thousands	Mar. 31, 2024 USD ($)		Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 131,195	[1]	$ 86,613	[2]
First lien
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	124,405		83,830
Second lien
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	3,946		752
Level III
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	116,952		76,117
Level III | First lien
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	113,006		75,365
Level III | First lien | Market & income approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 110,356		$ 59,470
Level III | First lien | Market & income approach | Minimum | EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	8.5		8.5
Level III | First lien | Market & income approach | Minimum | Revenue multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	4		8
Level III | First lien | Market & income approach | Minimum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.078		0.072
Level III | First lien | Market & income approach | Maximum | EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	30		27
Level III | First lien | Market & income approach | Maximum | Revenue multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	16.6		10
Level III | First lien | Market & income approach | Maximum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.129		0.112
Level III | First lien | Market & income approach | Weighted Average | EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	17		18.4
Level III | First lien | Market & income approach | Weighted Average | Revenue multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	9.4		9
Level III | First lien | Market & income approach | Weighted Average | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.102		0.095
Level III | First lien | Market quote
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,980
Level III | First lien | Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	670		$ 15,895
Level III | Second lien
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	3,946		752
Level III | Second lien | Market & income approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 769		$ 752
Level III | Second lien | Market & income approach | Minimum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.122		12.9
Level III | Second lien | Market & income approach | Maximum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.122		12.9
Level III | Second lien | Market & income approach | Weighted Average | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.122		12.9
Level III | Second lien | Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 3,177
[1] New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act. New Mountain Guardian IV Income Fund, L.L.C. (the "Company") generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). These investments are generally subject to certain limitations on resale, and may be deemed to be "restricted securities" under the Securities Act.

Fair Value - Summary of Princip

Fair Value - Summary of Principal Amount and Fair Values of Borrowings (Details) - Revolving Credit Facility - BMO Subscription Line - Line of Credit - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Reported Value Measurement
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Borrowings	$ 9,800	$ 0
Estimate of Fair Value Measurement
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Borrowings	$ 9,839	$ 0

Agreements and Related Partie_2

Agreements and Related Parties - Narrative (Details)				3 Months Ended	18 Months Ended
	Jan. 30, 2024	Dec. 18, 2023	Dec. 14, 2022 USD ($)	Mar. 31, 2024 USD ($) component	May 31, 2024	Dec. 31, 2023 USD ($)	Jun. 23, 2023 USD ($)
Related Party Transaction [Line Items]
Incentive fee				$ 291,000
Fees waived by the administrator				74,000
Payable to affiliate
Related Party Transaction [Line Items]
Payable to affiliates				140,000		$ 63,000
Payable to affiliate | Revolving Credit Facility | Unsecured Management Company Revolver | Line of Credit
Related Party Transaction [Line Items]
Maximum borrowing capacity							$ 10,000,000
Investment Management Agreement | Payable to affiliate
Related Party Transaction [Line Items]
Related party transaction, term	12 months		2 years
Base management fee percentage			0.75%
Minimum base management fee			$ 0
Organizational and offering expenses, reduction to base management fee, threshold			$ 2,000,000	$ 2,000,000
Organizational and offering expenses, reduction to base management fee, multiplier			0.25%	0.25%
Number of incentive fee components | component				2
Return of incentive fee upon termination of company, cumulative incentive fees threshold, percentage			10%
Return of incentive fee upon termination of company, cumulative internal rate of return threshold, percentage			5%
Investment Management Agreement | Payable to affiliate | Forecast
Related Party Transaction [Line Items]
Base management fee percentage					0.375%
Base management fee reduction percentage through 1 year anniversary of initial drawdown date					50%
Quarterly hurdle rate | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			1.25%
Annualized hurdle rate | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			5%
Pre-Incentive Fee Net Investment Income below catch-up threshold | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			100%
Quarterly catch-up threshold | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			1.389%
Annualized catch-up threshold | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			5.556%
Pre-Incentive Fee Net Investment Income exceeds catch-up threshold | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			10%
Realized capital gains | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee				$ 0
Realized capital gains, annualized cumulative internal rate of return | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			5%
Realized capital gains, cumulative net realized gains | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			100%
Realized capital gains, cumulative net realized gains threshold | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			10%
Realized capital gains, additional undistributed cumulative net realized gains | Payable to affiliate
Related Party Transaction [Line Items]
Incentive fee percentage			10%
Expense Limitation snd Reimbursement Agreement | Payable to affiliate
Related Party Transaction [Line Items]
Management fee waiver, percentage applied to calculate (specified expenses cap)			0.40%
Management fee waiver, capital commitments threshold			$ 500,000,000
Period for reimbursement of compensation waived and other expenses			36 months
Period for recapture of specified expenses			36 months
Administration Agreement | Payable to affiliate
Related Party Transaction [Line Items]
Less: incentive fees waived (See Note 5)				148,000
Fees waived by the administrator				74,000
Payable to affiliates				$ 74,000		$ 0
Incentive Fee Waiver
Related Party Transaction [Line Items]
Increases the hurdle rate		0.060
Current hurdle rate		0.050
Incentive Fee Waiver | Three-month Term SOFR
Related Party Transaction [Line Items]
Current hurdle rate		0.050
Investment company, incentive allocation to average net assets		3%
Quarterly hurdle rate		0.030

Agreements and Related Partie_3

Agreements and Related Parties - Schedule of Management Fees and Incentive Fees (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Related Party Transaction [Line Items]
Management fee	$ 216
Incentive fee, excluding accrued incentive fees on capital gains	291
Payable to affiliate
Related Party Transaction [Line Items]
Management fee	216
Less: management fee waiver	(108)
Net management fee	108
Payable to affiliate | Incentive fee, excluding accrued incentive fees on capital gains
Related Party Transaction [Line Items]
Incentive fee, excluding accrued incentive fees on capital gains	$ 291

Borrowings (Details)

Borrowings (Details) - USD ($)			3 Months Ended
	Jun. 29, 2023	Jun. 23, 2023	Mar. 31, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Amortization of deferred financing costs			$ 40,000
Administrative expenses			229,000
BMO Subscription Line
Line of Credit Facility [Line Items]
Credit facility outstanding balance			9,800,000	$ 0
Revolving Credit Facility | Unsecured Management Company Revolver
Line of Credit Facility [Line Items]
Credit facility outstanding balance			0	0
Revolving Credit Facility | Unsecured Management Company Revolver | Line of Credit
Line of Credit Facility [Line Items]
Interest expense			0
Amortization of deferred financing costs			2,000
Revolving Credit Facility | Unsecured Management Company Revolver | Line of Credit | Payable to affiliate
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 10,000,000
Interest rate		7%
Revolving Credit Facility | BMO Subscription Line
Line of Credit Facility [Line Items]
Credit facility outstanding balance			9,800,000	$ 0
Revolving Credit Facility | BMO Subscription Line | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 125,000,000
Interest expense			80,000
Amortization of deferred financing costs			38,000
Period for outstanding balance due on demand	15 days
Period for outstanding balance after date of advance	6 months
Administrative expenses			$ 18,000
Weighted average interest rate			8.30%
Effective interest rate			12.20%
Revolving Credit Facility | BMO Subscription Line | Line of Credit | Prime Rate
Line of Credit Facility [Line Items]
Interest rate margin plus (minus)	(0.25%)
Revolving Credit Facility | BMO Subscription Line | Line of Credit | SOFR, Quoted Rate
Line of Credit Facility [Line Items]
Interest rate margin plus (minus)	2.50%
Revolving Credit Facility | BMO Subscription Line | Line of Credit | Three-month Term SOFR
Line of Credit Facility [Line Items]
Interest rate margin plus (minus)	0.15%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Financing commitment letter to purchase investments
Other Commitments [Line Items]
Other commitments	$ 3,175,000	$ 5,003,000
Unfunded Commitments on Revolving Credit Facilities
Other Commitments [Line Items]
Principal amount	7,336,000	3,979,000
Bridge financing commitments
Other Commitments [Line Items]
Principal amount	0	0
Other Future Funding Commitments
Other Commitments [Line Items]
Principal amount	$ 43,773,000	$ 23,198,000

Members' Capital (Details)

Members' Capital (Details)	Mar. 20, 2024 $ / shares
Equity [Abstract]
Per Unit Amount (in dollars per unit)	$ 0.273

Earnings (Loss) Per Unit (Detai

Earnings (Loss) Per Unit (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Numerator for basic & diluted earnings (loss) per unit | $	$ 3,160
Denominator for basic weighted average unit (in shares) | shares	10,560,000
Denominator for diluted weighted average unit (in shares) | shares	10,560,000
Basic, earnings (loss) per unit (in dollars per share) | $ / shares	$ 0.30
Diluted, earnings (loss) per unit (in dollars per share) | $ / shares	$ 0.30

Financial Highlights (Details)

Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Investment Company, Financial Highlights [Roll Forward]
Member's capital, beginning balance (in dollars per share)	$ 10.02
Net investment income (loss) (in dollars per share)	0.25
Net realized and unrealized gains (losses) (in dollars per share)	0.05
Total net increase (decrease) (in dollars per share)	0.30
Distributions declared to unitholders from net investment income (in dollars per share)	(0.27)
Member's capital, ending balance (in dollars per share)	$ 10.05
Total return based on members' capital	2.99%
Units outstanding at end of period (in shares)	10,560,000	10,560,000
Average weighted units outstanding for the period - basic (in shares)	10,560,000
Average weighted units outstanding for the period - diluted (in shares)	10,560,000
Average members' capital for the period	$ 105,833
Ratio to average members' capital:
Net investment income (loss)	10.35%
Total expenses, before waivers	4.40%
Total expenses, net of waivers	3.71%
Asset coverage ratio	1,182.72%
Portfolio turnover	0.18%
Capital Commitments	$ 211,200
Funded Capital Commitments	$ 105,600
Percentage of Capital Commitments funded	50%
Unsecured Management Company Revolver
Ratio to average members' capital:
Average debt outstanding—BMO Subscription Line	$ 0
BMO Subscription Line
Ratio to average members' capital:
Average debt outstanding—BMO Subscription Line	$ 3,902

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	May 02, 2024	Apr. 11, 2024	Apr. 05, 2024	Apr. 04, 2024	Jun. 29, 2023
Subsequent Event
Subsequent Event [Line Items]
Capital commitment accepted			$ 490,505	$ 211,200
Subsequent Event | Capital Drawdown Notice
Subsequent Event [Line Items]
Sale of stock, number of shares issued (in shares)	13,965,250
Sale of stock, consideration received	$ 139,653
Revolving Credit Facility | BMO Subscription Line | Line of Credit
Subsequent Event [Line Items]
Maximum borrowing capacity					$ 125,000
Revolving Credit Facility | BMO Subscription Line | Line of Credit | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 52,800