Consolidated Financial Highlights

6 Months Ended

Jun. 30, 2023

The following are the financial highlights:


	For the Six Months Ended
	June 30, 2023			June 30, 2022
Per Class S Unit Data:(1)
Net asset value, beginning of period	$	18.59		$	20.00
Net investment income (loss)	0.86			0.39
Net unrealized and realized gain (loss)(2)	0.27			(1.01)
Net increase (decrease) in net assets resulting from operations	1.13			(0.62)
Distributions declared	(0.87)			(0.39)

Total increase (decrease) in net assets	0.26			(1.01)
Net asset value, end of period	$	18.85		$	18.99
Class S Units outstanding, end of period	86,468,645			53,448,765
Total return based on net asset value(3)	6.17		%	(3.16)		%
Ratio/Supplemental Data:
Members' Capital, end of period	$	1,630,208		$	1,014,899
Weighted average units outstanding(4)	77,908,744			40,849,364
Ratio of expenses before waivers to average Members' Capital(5)	7.39		%	3.18		%
Ratio of net expenses to average Members’ Capital(5)	7.36		%	1.50		%
Ratio of net investment income to average Members’ Capital(5)	9.93		%	4.94		%
Asset coverage ratio	275.17		%	345.44		%
Portfolio turnover rate	6.13		%	1.61		%

(1) The per unit data was derived by using the weighted average units outstanding during the period, except otherwise noted.

(2) The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions.

(3) Total return (not annualized) is calculated assuming a purchase of units at the opening of the first day of the period and a sale on the closing of the last business day of the period. Distributions, if any, are assumed for purposes of this calculation, to be reinvested at prices obtained under the Company’s distribution reinvestment plan.

(4) Weighted average units outstanding for the six months ended June 30, 2022 was calculated for the period from February 1, 2022, the date of first external issuance of units through June 30, 2022.

(5) Amounts are annualized except for incentive fees, organization and offering costs, and expense support relating to organization and offering costs.