Financial Highlights (Tables)

9 Months Ended

Sep. 30, 2025

Investment Company, Financial Highlights [Abstract]

The following is a schedule of financial highlights for the nine months ended September 30, 2025 and September 30, 2024:


	Nine months ended September 30, 2025			Nine months ended September 30, 2024
Per Share Data: (a)
Net asset value per unit, beginning of period	$	21.99		$	21.47
Net investment income		1.55			1.68
Net realized and unrealized gain (loss)*		(0.38	)		0.45
Net increase in Unitholders’ capital resulting from operations		1.17			2.13
Distributions to Unitholders:
From distributable earnings		(1.61	)		(1.57	)
Net asset value per unit, end of period	$	21.55		$	22.03
Total Return (b)(c)		5.32	%		9.92	%
Unitholders’ capital, end of period	$	33,048		$	26,117
Units outstanding, end of period		1,533,694			1,185,276
Ratios to average net assets of Unitholders’ Capital (c):
Net investment income		7.11	%		7.74	%
Operating expenses		4.28	%		6.04	%
Interest and other credit facility expenses		10.66	%		13.40	%
Total expenses		14.94	%		19.44	%
Average debt outstanding	$	48,047		$	43,867
Portfolio turnover ratio		13.6	%		13.3	%

(a)

Calculated using the average units outstanding method. Weighted average units outstanding for the nine months ended September 30, 2025 and September 30, 2024 were 1,282,312 and 1,113,111, respectively.

(b)

Calculated as the change in net asset value (“NAV”) per unit during the period plus distributions declared per unit, divided by the beginning NAV per unit. Total return does not include a sales load.

(c)

Not annualized for periods less than one year.

* Includes the impact of the different unit amounts used in calculating per unit data as a result of calculating certain per unit data

based upon the weighted average units outstanding during the period and certain per unit data based on the units outstanding as

of a period end.

SLR HC BDC LLC 10-Q