EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR RULE 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Dean L. Cash, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ATEL Capital Equipment Fund VIII, LLC;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 13, 2012

/s/ Dean L. Cash Dean L. Cash President and Chief Executive Officer of ATEL Financial Services, LLC (Managing Member)

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR RULE 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Paritosh K. Choksi, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ATEL Capital Equipment Fund VIII, LLC;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 13, 2012

/s/ Paritosh K. Choksi Paritosh K. Choksi Executive Vice President and Chief Financial Officer and Chief Operating Officer of ATEL Financial Services, LLC (Managing Member)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. §1350,
AS ADOPTED PURSUANT TO
§906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ATEL Capital Equipment Fund VIII, LLC (the “Company”) on Form 10-Q for the period ended June 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dean L. Cash, President and Chief Executive Officer of ATEL Financial Services, LLC, Managing Member of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 13, 2012

/s/ Dean L. Cash Dean L. Cash President and Chief Executive Officer of ATEL Financial Services, LLC (Managing Member)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. §1350,
AS ADOPTED PURSUANT TO
§906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ATEL Capital Equipment Fund VIII, LLC (the “Company”) on Form 10-Q for the period ended June 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Paritosh K. Choksi, Executive Vice President and Chief Financial Officer and Chief Operating Officer of ATEL Financial Services, LLC, Managing Member of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 13, 2012

/s/ Paritosh K. Choksi Paritosh K. Choksi Executive Vice President and Chief Financial Officer and Chief Operating Officer of ATEL Financial Services, LLC (Managing Member)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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AFS and/ or Affiliates Earned Fees, Commissions, and Billed for Reimbursements Pursuant to Operating Agreement (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Related Party Transaction [Line Items]
Asset management fees to Managing Member	$ 40	$ 48	$ 89	$ 92
Cost reimbursements to Managing Member	73		289	679
Related Party Transaction, Amounts of Transaction, Total	$ 113	$ 48	$ 378	$ 771

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Allowance for Credit Losses of Financing Receivables and its Recorded Investment (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Allowance for credit losses:
Ending balance
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Financing receivables:
Ending balance	167	256
Ending balance: individually evaluated for impairment	167	256
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Finance leases
Allowance for credit losses:
Ending balance
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Financing receivables:
Ending balance	167	256
Ending balance: individually evaluated for impairment	167	256
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality

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Summary of significant accounting policies

6 Months Ended

Jun. 30, 2012

Summary of significant accounting policies

2. Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and six months ended June 30, 2012 are not necessarily indicative of the results to be expected for the full year.

Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results of operations.

In preparing the accompanying financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after June 30, 2012, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements.

Use of estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates relate primarily to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and determination of the allowance for doubtful accounts.

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

Certain of the Company’s lessee customers have international operations. In these instances, the Company is aware that certain equipment, primarily rail and transportation, may periodically exit the country. However, these lessee customers are US-based, and it is impractical for the Company to track, on an asset-by-asset, day-by-day basis, where these assets are deployed.

The primary geographic region in which the Company sought leasing opportunities was North America. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the six months ended June 30, 2012 and 2011 and long-lived tangible assets as of June 30, 2012 and December 31, 2011 (dollars in thousands):

	For The Six Months Ended June 30,
	2012		% of Total			2011		% of Total
Revenue
United States	$	2,777		97	%	$	3,151		100	%
Canada		94		3	%		—		0	%
Total International		94		3	%		—		0	%
Total	$	2,871		100	%	$	3,151		100	%

	As of June 30,					As of December 31,
	2012		% of Total			2011		% of Total
Long-lived assets
United States	$	7,549		100	%	$	8,276		100	%
Canada		32		0	%		—		0	%
Total International		32		0	%		—		0	%
Total	$	7,581		100	%	$	8,276		100	%

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

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Investment in equipment and Leases, Net - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Leases Disclosure [Line Items]
Depreciation expense on equipment	$ 259,000	$ 361,000	$ 571,000	$ 692,000
Average estimated residual value of assets on operating leases	10.00%		10.00%		10.00%
Revenue from contingent rental operating leases	$ 623,000	$ 581,000	$ 1,200,000	$ 1,200,000

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Investment in Leases (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Leases Disclosure [Line Items]
Balance December 31, 2011	$ 8,276
Reclassifications & Additions / Dispositions	(38)
Depreciation/ Amortization Expense or Amortization of Leases	(657)
Balance June 30, 2012	7,581
Operating leases
Leases Disclosure [Line Items]
Balance December 31, 2011	7,867
Reclassifications & Additions / Dispositions	(832)
Depreciation/ Amortization Expense or Amortization of Leases	(571)
Balance June 30, 2012	6,464
Direct financing leases
Leases Disclosure [Line Items]
Balance December 31, 2011	256
Reclassifications & Additions / Dispositions	(3)
Depreciation/ Amortization Expense or Amortization of Leases	(86)
Balance June 30, 2012	167
Assets held for sale or lease
Leases Disclosure [Line Items]
Balance December 31, 2011	153
Reclassifications & Additions / Dispositions	797
Balance June 30, 2012	$ 950

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Property on Operating Lease (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended							6 Months Ended
	Jun. 30, 2012	Jun. 30, 2012 Containers	Jun. 30, 2012 Transportation, rail	Jun. 30, 2012 Marine vessel	Dec. 31, 2011 Marine vessel	Jun. 30, 2012 Other	Dec. 31, 2011 Other	Jun. 30, 2012 Total Property Subject To Or Available For Operating Lease	Jun. 30, 2012 Accumulated depreciation
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2011	$ 7,867	$ 19,678	$ 16,316	$ 4,793	$ 4,793	$ 640	$ 640	$ 41,427	$ (33,560)
Additions	(571)								(571)
Reclassifications or Dispositions	(832)	(170)	(4,318)					(4,488)	3,656
Balance June 30, 2012	$ 6,464	$ 19,508	$ 11,998	$ 4,793	$ 4,793	$ 640	$ 640	$ 36,939	$ (30,475)

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Components of Investment in Direct Financing Leases (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Capital Leased Assets [Line Items]
Total minimum lease payments receivable	$ 128	$ 248
Estimated residual values of leased equipment (unguaranteed)	52	54
Investment in direct financing leases	180	302
Less unearned income	(13)	(46)
Net investment in direct financing leases	$ 167	$ 256

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Organization and Limited Liability Company matters

6 Months Ended

Jun. 30, 2012

Organization and Limited Liability Company matters

1. Organization and Limited Liability Company matters:

ATEL Capital Equipment Fund VIII, LLC (the “Company”) was formed under the laws of the State of California on July 31, 1998. The Company was formed for the purpose of acquiring equipment to engage in equipment leasing and sales activities. The Managing Member or Manager of the Company is ATEL Financial Services, LLC (“AFS”), a California limited liability company. The Company may continue until December 31, 2019. Each Member’s personal liability for obligations of the Company generally will be limited to the amount of their respective contributions and rights to undistributed profits and assets of the Company.

The Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $10 per Unit. On January 13, 1999, subscriptions for the minimum number of Units (120,000, representing $1.2 million) had been received (excluding subscriptions from Pennsylvania investors) and AFS requested that the subscriptions be released to the Company. On that date the Company commenced operations in its primary business. Gross contributions in the amount of $135.7 million (13,570,188 units) were received as of November 30, 2000, inclusive of $500 of Initial Member’s capital investment and $100 of AFS’ capital investment. The offering was terminated on November 30, 2000. As of June 30, 2012, 13,560,188 Units remain issued and outstanding.

The Company’s principal objectives have been to invest in a diversified portfolio of equipment that (i) preserves, protects and returns the Company’s invested capital; (ii) generates regular distributions to the Members of cash from operations and cash from sales or refinancing, with any balance remaining after certain minimum distributions to be used to purchase additional equipment during the reinvestment period (“Reinvestment Period”) (defined as six full years following the year the offering was terminated), which ended December 31, 2006, and (iii) provides additional distributions following the Reinvestment Period and until all equipment has been sold. The Company is governed by its Limited Liability Company Operating Agreement (“Operating Agreement”), as amended.

Pursuant to the Operating Agreement, AFS and/or its affiliates receive compensation for services rendered and reimbursements for costs incurred on behalf of the Company (see Note 5). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of AFS.

As of June 30, 2012, the Company continues in the liquidation phase of its life cycle as defined in the Operating Agreement.

These unaudited interim financial statements should be read in conjunction with the financial statements and notes thereto contained in the report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission.

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Aggregate Amount of Future Lease Payments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012
Operating Leases
Six months ending December 31, 2012	$ 842
Year ending December 31, 2013	1,053
2014	670
2015	309
2016	179
2017	179
Thereafter	75
Operating Leases, Future Minimum Payments Receivable, Total	3,307
Direct Financing Leases
Six months ending December 31, 2012	80
Year ending December 31, 2013	48
2014
2015
2016
2017
Thereafter
Capital Leases, Future Minimum Payments Receivable, Total	128
Total
Six months ending December 31, 2012	922
Year ending December 31, 2013	1,101
2014	670
2015	309
2016	179
2017	179
Thereafter	75
Operating and Capital Leases, Future Minimum Payments, Receivable, Total	$ 3,435

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BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 2,237	$ 925
Accounts receivable, net of allowance for doubtful accounts of $0, as of June 30, 2012 and $22 as of December 31, 2011	824	831
Prepaid expenses and other assets	25	14
Investments in equipment and leases, net of accumulated depreciation of $35,534 as of June 30, 2012 and $35,098 as of December 31, 2011	7,581	8,276
Total assets	10,667	10,046
Accounts payable and accrued liabilities:
Managing Member	692	990
Other	108	108
Unearned operating lease income	89	98
Total liabilities	889	1,196
Commitments and contingencies
Members' capital:
Managing Member
Other Members	9,778	8,850
Total Members' capital	9,778	8,850
Total liabilities and Members' capital	$ 10,667	$ 10,046

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STATEMENTS OF CHANGES IN MEMBERS' CAPITAL (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2011
Distributions to Other Members, per Unit	$ 0.27

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Members' Capital - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Other Members Capital Account [Line Items]
Other Members capital account, units issued	13,560,188	13,560,188
Other Members capital account, units outstanding	13,560,188	13,560,188
Other Members capital account, units authorized	15,000,000	15,000,000
Potential repurchase price of Units as a percentage of holder's capital account	100.00%
Initial Member
Other Members Capital Account [Line Items]
Other Members capital account, units issued	50	50
Other Members'
Other Members Capital Account [Line Items]
Allocation of net income, net losses, and distributions	92.50%
Managing Member'
Other Members Capital Account [Line Items]
Allocation of net income, net losses, and distributions	7.50%

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Summary Of Significant Accounting Policies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2012 Segment
Summary Of Significant Accounting Policies [Line Items]
Number of reportable segments	1

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Provision for Credit Losses (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance		$ 22	$ 8
(Reversal of provision) provision	(18)	(22)	14
Ending Balance			22
Allowance for Doubtful Accounts | Operating leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance		22	8
(Reversal of provision) provision		(22)	14
Ending Balance			$ 22

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STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Operating activities:
Net income	$ 506	$ 695	$ 928	$ 799
Adjustment to reconcile net income to cash provided by operating activities:
Gain on sales of assets	(20)	(21)	(23)	(211)
Depreciation of operating lease assets	259	361	571	692
Reversal of provision for doubtful accounts	(18)		(22)
Changes in operating assets and liabilities:
Accounts receivable	54	(65)	29	(141)
Prepaid expenses and other assets	(6)	3	(11)	6
Accounts payable, Managing Member	(29)	(71)	(298)	118
Accounts payable, affiliates		(2)		(2)
Accounts payable, other	18	(377)		(130)
Unearned operating lease income	25	(20)	(9)	(26)
Net cash provided by operating activities	789	503	1,165	1,105
Investing activities:
Proceeds from sales of lease assets	49	42	61	299
Principal payments received on direct financing leases	41	28	86	55
Purchases and additions to equipment on operating leases				(460)
Net cash provided by (used in) investing activities	90	70	147	(106)
Financing activities:
Net cash used in financing activities
Net increase in cash and cash equivalents	879	573	1,312	999
Cash and cash equivalents at beginning of period	1,358	2,244	925	1,818
Cash and cash equivalents at end of period	2,237	2,817	2,237	2,817
Supplemental disclosures of cash flow information:
Cash paid during the period for taxes	$ 31	$ 32	$ 33	$ 34

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BALANCE SHEETS (Parenthetical) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Accounts receivable, allowance for doubtful accounts	$ 0	$ 22
Investments in equipment and leases, accumulated depreciation	$ 35,534	$ 35,098

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Summary of significant accounting policies (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Geographic Information Relating to Sources, by Nation, of Company's Total Net Revenues and Long-lived Tangible Assets

The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the six months ended June 30, 2012 and 2011 and long-lived tangible assets as of June 30, 2012 and December 31, 2011 (dollars in thousands):

	For The Six Months Ended June 30,
	2012		% of Total			2011		% of Total
Revenue
United States	$	2,777		97	%	$	3,151		100	%
Canada		94		3	%		—		0	%
Total International		94		3	%		—		0	%
Total	$	2,871		100	%	$	3,151		100	%

	As of June 30,					As of December 31,
	2012		% of Total			2011		% of Total
Long-lived assets
United States	$	7,549		100	%	$	8,276		100	%
Canada		32		0	%		—		0	%
Total International		32		0	%		—		0	%
Total	$	7,581		100	%	$	8,276		100	%

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Document and Entity Information	6 Months Ended
	Jun. 30, 2012	Jul. 31, 2012
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Trading Symbol	ZZHJB
Entity Registrant Name	ATEL CAPITAL EQUIPMENT FUND VIII LLC
Entity Central Index Key	0001069152
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Units Outstanding		13,560,188

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Allowance for credit losses (Tables)

6 Months Ended

Jun. 30, 2012

Allowance for Credit Losses

The Company’s allowance for credit losses are as follows (in thousands):

	Accounts Receivable Allowance for Doubtful Accounts					Valuation Adjustments on Financing Receivables		Total Allowance for Credit Losses
	Finance Leases		Operating Leases			Finance Leases
Balance December 31, 2010	$	—	$	8		$	—	$	8
Provision		—		14			—		14
Balance December 31, 2011		—		22			—		22
Reversal of provision		—		(22	)		—		(22	)
Balance June 30, 2012	$	—	$	—		$	—	$	—

Allowance for Credit Losses of Financing Receivables and its Recorded Investment

As of June 30, 2012 and December 31, 2011, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

June 30, 2012	Finance Leases		Total
Allowance for credit losses:
Ending balance	$	—	$	—
Ending balance: individually evaluated for impairment	$	—	$	—
Ending balance: collectively evaluated for impairment	$	—	$	—
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—
Financing receivables:
Ending balance	$	167	$	167
Ending balance: individually evaluated for impairment	$	167	$	167
Ending balance: collectively evaluated for impairment	$	—	$	—
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—

December 31, 2011	Finance Leases		Total
Allowance for credit losses:
Ending balance	$	—	$	—
Ending balance: individually evaluated for impairment	$	—	$	—
Ending balance: collectively evaluated for impairment	$	—	$	—
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—
Financing receivables:
Ending balance	$	256	$	256
Ending balance: individually evaluated for impairment	$	256	$	256
Ending balance: collectively evaluated for impairment	$	—	$	—
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—

Financing Receivables By Credit Quality Indicator and Class of Financing Receivables

At June 30, 2012 and December 31, 2011, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (in thousands):

	Finance Leases
	June 30, 2012		December 31, 2011
Pass	$	167	$	256
Special mention		—		—
Substandard		—		—
Doubtful		—		—
Total	$	167	$	256

Net Investment in Financing Receivables by Age

At June 30, 2012 and December 31, 2011, investment in financing receivables is aged as follows (in thousands):

June 30, 2012	30 – 59 Days Past Due		60 – 89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment >90 Days and Accruing
Finance leases	$	60	$	—	$	—	$	60	$	107	$	167	$	—

December 31, 2011	30 – 59 Days Past Due		60 – 89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment >90 Days and Accruing
Finance leases	$	84	$	—	$	—	$	84	$	172	$	256	$	—

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STATEMENTS OF INCOME (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Leasing activities:
Operating leases	$ 1,342	$ 1,511	$ 2,817	$ 2,877
Direct financing leases	12	30	30	62
Gain on sales of assets	20	21	23	211
Other revenue	1	1	1	1
Total revenues	1,375	1,563	2,871	3,151
Expenses:
Depreciation of operating lease assets	259	361	571	692
Asset management fees to Managing Member	40	48	89	92
Vessel maintenance	226	178	423	343
Railcar maintenance	111	160	238	298
Cost reimbursements to Managing Member	73		289	679
Other Management Fees	36	37	75	70
Professional fees	35	17	81	65
Insurance	13	18	26	20
Reversal of provision for doubtful accounts	(18)		(22)
Taxes on income and franchise fees	29	3	41	3
Other	65	46	132	90
Total operating expenses	869	868	1,943	2,352
Net income	506	695	928	799
Net income:
Managing Member
Other Members	506	695	928	799
Net income	$ 506	$ 695	$ 928	$ 799
Net income per Limited Liability Company Unit (Other Members)	0.04	0.05	0.07	0.06
Weighted average number of Units outstanding	13,560,188	13,560,188	13,560,188	13,560,188

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Related party transactions

6 Months Ended

Jun. 30, 2012

Related party transactions

5. Related party transactions:

The terms of the Operating Agreement provide that AFS and/or affiliates are entitled to receive certain fees for equipment management and resale and for management of the Company.

The Operating Agreement allows for the reimbursement of costs incurred by AFS for providing administrative services to the Company. Administrative services provided include Company accounting, investor relations, legal counsel and lease and equipment documentation. AFS is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of equipment.

Each of ATEL Leasing Corporation (“ALC”) and AFS is a wholly-owned subsidiary of ATEL Capital Group and performs services for the Company on behalf of the Managing Member. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; investor relations, communications and general administrative services are performed by AFS.

Cost reimbursements to the Managing Member are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as managed assets, number of investors or contributed capital based upon the type of cost incurred.

During the three and six months ended June 30, 2012 and 2011, AFS and/or affiliates earned fees and commissions, and billed for reimbursements, pursuant to the Operating Agreement as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Asset management fees to Managing Member	$	40	$	48	$	89	$	92
Cost reimbursements to Managing Member		73		—		289		679
	$	113	$	48	$	378	$	771

The Fund’s Operating Agreement places an annual and cumulative limit for cost reimbursements to AFS and/or its affiliates. Any reimbursable costs incurred by AFS and/or affiliates during the year exceeding the annual and/or cumulative limits cannot be reimbursed in the current year, though such costs may be reimbursable in future years to the extent such amounts may be payable if within the annual and cumulative limits in such future years. The Fund is a finite life and self liquidating entity, and AFS and its affiliates have no recourse against the Fund for the amount of any unpaid excess reimbursable administrative expenses. The Fund will continue to require administrative services from AFS and its affiliates through the end of its term, and will therefore continue to incur reimbursable administrative expenses in each year. For the year ending December 31, 2012, it is not anticipated that the amount of reimbursable expenses billed to the Fund will exceed either the annual or the cumulative limitations. Such is reflective of the continued diminishing Company asset base over which reimbursements are calculated.

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Investment in equipment and leases, net

6 Months Ended

Jun. 30, 2012

Investment in equipment and leases, net

4. Investment in equipment and leases, net:

The Company’s investment in leases consists of the following (in thousands):

	Balance December 31, 2011		Reclassifications & Additions/ Dispositions			Depreciation/Amortization Expense or Amortization of Leases			Balance June 30, 2012
Net investment in operating leases	$	7,867	$	(832	)	$	(571	)	$	6,464
Net investment in direct financing leases		256		(3	)		(86	)		167
Assets held for sale or lease, net		153		797			—			950
Total	$	8,276	$	(38	)	$	(657	)	$	7,581

Impairment of investments in leases and assets held for sale or lease:

Management periodically reviews the carrying values of its assets on leases and assets held for lease or sale. Impairment losses are recorded as an adjustment to the net investment in operating leases. No impairment losses were recorded during the three and six months ended June 30, 2012 and 2011.

The Company utilizes a straight line depreciation method over the term of the equipment lease for equipment on operating leases currently in its portfolio. Depreciation expense on the Company’s equipment totaled $259 thousand and $361 thousand for the respective three months ended June 30, 2012 and 2011, and was $571 thousand and $692 thousand for the respective six months ended June 30, 2012 and 2011.

All of the leased property was acquired during the period from 1999 through 2002.

Operating leases:

Property on operating leases consists of the following (in thousands):

	Balance December 31, 2011			Additions			Reclassifications or Dispositions			Balance June 30, 2012
Containers	$	19,678		$	—		$	(170	)	$	19,508
Transportation, rail		16,316			—			(4,318	)		11,998
Marine vessel		4,793			—			—			4,793
Other		640			—			—			640
		41,427			—			(4,488	)		36,939
Less accumulated depreciation		(33,560	)		(571	)		3,656			(30,475	)
Total	$	7,867		$	(571	)	$	(832	)	$	6,464

The average estimated residual value for assets on operating leases was 10% of the assets’ original cost at both June 30, 2012 and December 31, 2011.

The Company earns revenues from its containers, marine vessel and certain other assets based on utilization of such assets or through fixed term leases. Contingent rentals (i.e., short-term, operating charter hire payments) and the associated expenses are recorded when earned and/or incurred. The revenues associated with these rentals are included as a component of Operating Lease Revenues, and totaled $623 thousand and $581 thousand for the respective three months ended June 30, 2012 and 2011, and was $1.2 million for each of the six months ended June 30, 2012 and 2011.

As of June 30, 2012 and December 31, 2011, the Company had no operating leases in non-accrual status.

Direct financing leases:

As of June 30, 2012, the investment in direct financing leases primarily consists of railcars and manufacturing equipment. At December 31, 2011, such investment consisted of railcars as well as construction and manufacturing equipment.

The components of the Company’s investment in direct financing leases as of June 30, 2012 and December 31, 2011 are as follows (in thousands):

	June 30, 2012			December 31, 2011
Total minimum lease payments receivable	$	128		$	248
Estimated residual values of leased equipment (unguaranteed)		52			54
Investment in direct financing leases		180			302
Less unearned income		(13	)		(46	)
Net investment in direct financing leases	$	167		$	256

There were no net investments in direct financing leases in non-accrual status as of June 30, 2012 and December 31, 2011.

At June 30, 2012, the aggregate amount of future lease payments is as follows (in thousands):

	Operating Leases		Direct Financing Leases		Total
Six months ending December 31, 2012	$	842	$	80	$	922
Year ending December 31, 2013		1,053		48		1,101
2014		670		—		670
2015		309		—		309
2016		179		—		179
2017		179		—		179
Thereafter		75		—		75
	$	3,307	$	128	$	3,435

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Summary of Geographic Information Related to Company's Total Revenues and Long Lived Assets (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,375	$ 1,563	$ 2,871	$ 3,151
Percentage of total revenue			100.00%	100.00%
Long-lived assets	7,581		7,581		8,276
Percentage of long-lived assets	100.00%		100.00%		100.00%
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue			2,777	3,151
Percentage of total revenue			97.00%	100.00%
Long-lived assets	7,549		7,549		8,276
Percentage of long-lived assets	100.00%		100.00%		100.00%
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue			94
Percentage of total revenue			3.00%	0.00%
Long-lived assets	32		32
Percentage of long-lived assets	0.00%		0.00%		0.00%
Total International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue			94
Percentage of total revenue			3.00%	0.00%
Long-lived assets	$ 32		$ 32
Percentage of long-lived assets	0.00%		0.00%		0.00%

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Investment in equipment and leases, net (Tables)

6 Months Ended

Jun. 30, 2012

Investment in Leases

The Company’s investment in leases consists of the following (in thousands):

	Balance December 31, 2011		Reclassifications & Additions/ Dispositions			Depreciation/Amortization Expense or Amortization of Leases			Balance June 30, 2012
Net investment in operating leases	$	7,867	$	(832	)	$	(571	)	$	6,464
Net investment in direct financing leases		256		(3	)		(86	)		167
Assets held for sale or lease, net		153		797			—			950
Total	$	8,276	$	(38	)	$	(657	)	$	7,581

Property on Operating Lease

Property on operating leases consists of the following (in thousands):

	Balance December 31, 2011			Additions			Reclassifications or Dispositions			Balance June 30, 2012
Containers	$	19,678		$	—		$	(170	)	$	19,508
Transportation, rail		16,316			—			(4,318	)		11,998
Marine vessel		4,793			—			—			4,793
Other		640			—			—			640
		41,427			—			(4,488	)		36,939
Less accumulated depreciation		(33,560	)		(571	)		3,656			(30,475	)
Total	$	7,867		$	(571	)	$	(832	)	$	6,464

Components of Investment in Direct Financing Leases

The components of the Company’s investment in direct financing leases as of June 30, 2012 and December 31, 2011 are as follows (in thousands):

	June 30, 2012			December 31, 2011
Total minimum lease payments receivable	$	128		$	248
Estimated residual values of leased equipment (unguaranteed)		52			54
Investment in direct financing leases		180			302
Less unearned income		(13	)		(46	)
Net investment in direct financing leases	$	167		$	256

Aggregate Amount of Future Lease Payments

At June 30, 2012, the aggregate amount of future lease payments is as follows (in thousands):

	Operating Leases		Direct Financing Leases		Total
Six months ending December 31, 2012	$	842	$	80	$	922
Year ending December 31, 2013		1,053		48		1,101
2014		670		—		670
2015		309		—		309
2016		179		—		179
2017		179		—		179
Thereafter		75		—		75
	$	3,307	$	128	$	3,435

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Members' capital

6 Months Ended

Jun. 30, 2012

Members' capital

8. Members’ capital:

As of June 30, 2012 and December 31, 2011, 13,560,188 Units were issued and outstanding. The Company was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial members (50 Units).

The Company has the right, exercisable at the Managing Member’s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100% of the holder’s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder’s request. The repurchase of Fund Units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Managing Member on terms it determines to be appropriate under given circumstances, in the event that the Managing Member deems such repurchase to be in the best interest of the Company; provided, the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled. Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs.

As defined in the Operating Agreement, the Company’s Net Income, Net Losses, and Distributions are to be allocated 92.5% to the Other Members and 7.5% to AFS.

There were no distributions paid to the Other Members during the three and six months ended June 30, 2012 and 2011.

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Guarantees

6 Months Ended

Jun. 30, 2012

Guarantees

6. Guarantees:

The Company enters into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

The Managing Member knows of no facts or circumstances that would make the Company’s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the Company believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Company’s similar commitments is remote. Should any such indemnification obligation become payable, the Company would separately record and/or disclose such liability in accordance with GAAP.

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Gain contingencies

6 Months Ended

Jun. 30, 2012

Gain contingencies

7. Gain contingencies:

ATEL filed a claim on behalf of certain of its Funds for the under-reporting of revenue by a fleet manager of three marine vessels, seeking to recover an approximate $2.8 million for the years 2005 – 2007 (of which the Company’s portion is an approximate $350 thousand). Such amounts are not considered material to any of the Funds in any given year. While the Funds' recovery with respect to this matter may be substantial, there is no assurance that judgment will be rendered in favor of the Funds. The trial date for this matter has been rescheduled several times, and the suit has now started trial as of the end of July 2012 under a newly-appointed Federal Judge. The outcome of this claim remains uncertain.

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Summary of significant accounting policies (Policies)

6 Months Ended

Jun. 30, 2012

Basis of presentation

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and six months ended June 30, 2012 are not necessarily indicative of the results to be expected for the full year.

Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results of operations.

In preparing the accompanying financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after June 30, 2012, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements.

Use of estimates

Use of estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates relate primarily to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and determination of the allowance for doubtful accounts.

Segment reporting

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

Certain of the Company’s lessee customers have international operations. In these instances, the Company is aware that certain equipment, primarily rail and transportation, may periodically exit the country. However, these lessee customers are US-based, and it is impractical for the Company to track, on an asset-by-asset, day-by-day basis, where these assets are deployed.

The primary geographic region in which the Company sought leasing opportunities was North America. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the six months ended June 30, 2012 and 2011 and long-lived tangible assets as of June 30, 2012 and December 31, 2011 (dollars in thousands):

	For The Six Months Ended June 30,
	2012		% of Total			2011		% of Total
Revenue
United States	$	2,777		97	%	$	3,151		100	%
Canada		94		3	%		—		0	%
Total International		94		3	%		—		0	%
Total	$	2,871		100	%	$	3,151		100	%

	As of June 30,					As of December 31,
	2012		% of Total			2011		% of Total
Long-lived assets
United States	$	7,549		100	%	$	8,276		100	%
Canada		32		0	%		—		0	%
Total International		32		0	%		—		0	%
Total	$	7,581		100	%	$	8,276		100	%

Per Unit data

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

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Gain Contingencies - Additional Information (Detail) (Fleet Managers, USD $) In Thousands, unless otherwise specified	Jun. 30, 2012 Vessel
Gain Contingencies [Line Items]
Gain contingency	$ 2,800
Gain contingency, number of defendants	3
ATEL Capital Equipment Fund VIII, LLC
Gain Contingencies [Line Items]
Gain contingency	$ 350

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Organization and Limited Liability Company matters - Additional Information (Detail) (USD $)	1 Months Ended		6 Months Ended
	Nov. 30, 2000	Jan. 13, 1999	Jun. 30, 2012	Dec. 31, 2011
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Public offering of Limited Liability Company Units		15,000,000
Public offering of Limited Liability Company Units, price per unit		$ 10
Sale of Limited Liability Company Units, number of units		120,000
Proceeds from sale of Limited Liability Company Units		$ 1,200,000
Contributions received	135,700,000
Contributions unit received	13,570,188
Contributions of capital	500
Capital investment	$ 100
Units issued			13,560,188	13,560,188
Units outstanding			13,560,188	13,560,188
Reinvestment period			6 years

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Financing Receivables By Credit Quality Indicator and Class of Financing Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment [Line Items]
Finance Leases	$ 167	$ 256
Pass
Financing Receivable, Recorded Investment [Line Items]
Finance Leases	$ 167	$ 256

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STATEMENTS OF CHANGES IN MEMBERS' CAPITAL (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Beginning Balance		$ 8,850	$ 10,665	$ 10,665
Distributions to Other Members ($0.27 per Unit)				(3,729)
Distributions to Managing Member				(302)
Net income	506	928	799	2,216
Ending Balance	9,778	9,778		8,850
Other Members
Beginning Balance (in units)		13,560,188	13,560,188	13,560,188
Ending Balance (in units)	13,560,188	13,560,188		13,560,188
Beginning Balance		8,850	10,665	10,665
Distributions to Other Members ($0.27 per Unit)				(3,729)
Net income		928		1,914
Ending Balance	9,778	9,778		8,850
Managing Member
Distributions to Managing Member				(302)
Net income				$ 302

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Allowance for credit losses

6 Months Ended

Jun. 30, 2012

Allowance for credit losses

3. Allowance for credit losses:

The Company’s allowance for credit losses are as follows (in thousands):

	Accounts Receivable Allowance for Doubtful Accounts					Valuation Adjustments on Financing Receivables		Total Allowance for Credit Losses
	Finance Leases		Operating Leases			Finance Leases
Balance December 31, 2010	$	—	$	8		$	—	$	8
Provision		—		14			—		14
Balance December 31, 2011		—		22			—		22
Reversal of provision		—		(22	)		—		(22	)
Balance June 30, 2012	$	—	$	—		$	—	$	—

Accounts receivable

Accounts receivable represent the amounts billed under operating and direct financing lease contracts which are currently due to the Company.

Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received.

Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management’s judgment, such leases may be placed in non-accrual status. Leases placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases contracts are applied only against outstanding principal balances.

Financing receivables

In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on direct financing leases.

The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset’s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the market place are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly.

As of June 30, 2012 and December 31, 2011, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

June 30, 2012	Finance Leases		Total
Allowance for credit losses:
Ending balance	$	—	$	—
Ending balance: individually evaluated for impairment	$	—	$	—
Ending balance: collectively evaluated for impairment	$	—	$	—
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—
Financing receivables:
Ending balance	$	167	$	167
Ending balance: individually evaluated for impairment	$	167	$	167
Ending balance: collectively evaluated for impairment	$	—	$	—
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—

December 31, 2011	Finance Leases		Total
Allowance for credit losses:
Ending balance	$	—	$	—
Ending balance: individually evaluated for impairment	$	—	$	—
Ending balance: collectively evaluated for impairment	$	—	$	—
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—
Financing receivables:
Ending balance	$	256	$	256
Ending balance: individually evaluated for impairment	$	256	$	256
Ending balance: collectively evaluated for impairment	$	—	$	—
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—

The Company evaluates the credit quality of its financing receivables on a scale equivalent to the following quality indicators related to corporate risk profiles:

Pass – Any account whose lessee/debtor, co-lessee/debtor or any guarantor has a credit rating on publicly traded or privately placed debt issues as rated by Moody’s or S&P for either Senior Unsecured debt, Long Term Issuer rating or Issuer rating that are in the tiers of ratings generally recognized by the investment community as constituting an Investment Grade credit rating; or, has been determined by the Manager to be an Investment Grade Equivalent or High Quality Corporate Credit per its Credit Policy or has a Not Rated internal rating by the Manager and the account is not considered by the Chief Credit Officer of the Manager to fall into one of the three risk profiles below.

Special Mention – Any traditional corporate type account with potential weaknesses (e.g. large net losses or major industry downturns) or, any growth capital account that has less than three months of cash as of the end of the calendar quarter to fund their continuing operations. These accounts deserve management’s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the Fund’s receivable at some future date.

Substandard – Any account that is inadequately protected by the current worth and paying capacity of the borrower or of the collateral pledged, if any. Accounts that are so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Fund will sustain some loss as the likelihood of fully collecting all receivables may be questionable if the deficiencies are not corrected. Such accounts are on the Manager’s Credit Watch List.

Doubtful – Any account where the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Accordingly, an account that is so classified is on the Manager’s Credit Watch List, and has been declared in default and the Manager has repossessed, or is attempting to repossess, the equipment it financed. This category includes impaired leases as applicable.

At June 30, 2012 and December 31, 2011, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (in thousands):

	Finance Leases
	June 30, 2012		December 31, 2011
Pass	$	167	$	256
Special mention		—		—
Substandard		—		—
Doubtful		—		—
Total	$	167	$	256

At June 30, 2012 and December 31, 2011, investment in financing receivables is aged as follows (in thousands):

June 30, 2012	30 – 59 Days Past Due		60 – 89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment >90 Days and Accruing
Finance leases	$	60	$	—	$	—	$	60	$	107	$	167	$	—

December 31, 2011	30 – 59 Days Past Due		60 – 89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment >90 Days and Accruing
Finance leases	$	84	$	—	$	—	$	84	$	172	$	256	$	—

There were no impaired financing receivables at both June 30, 2012 and December 31, 2011. Likewise, there were no financing receivables placed in non-accrual status as of June 30, 2012 and December 31, 2011.

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Net Investment in Financing Receivables by Age (Detail) (Finance leases, USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Finance leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 Days Past Due	$ 60	$ 84
60-89 Days Past Due
Greater Than 90 Days
Total Past Due	60	84
Current	107	172
Total Financing Receivables	167	256
Recorded Investment > 90 Days and Accruing

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Related party transactions (Tables)

6 Months Ended

Jun. 30, 2012

AFS and/ or Affiliates Earned Fees, Commissions, and Billed for Reimbursements Pursuant to Operating Agreement

During the three and six months ended June 30, 2012 and 2011, AFS and/or affiliates earned fees and commissions, and billed for reimbursements, pursuant to the Operating Agreement as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Asset management fees to Managing Member	$	40	$	48	$	89	$	92
Cost reimbursements to Managing Member		73		—		289		679
	$	113	$	48	$	378	$	771