CONSOLIDATED FINANCIAL HIGHTLIGHTS (Tables)

3 Months Ended

Mar. 31, 2025

The following are the financial highlights for common unitholders (dollar amounts in thousands, except per unit amounts):



	For the Three Months Ended March 31, 2025
Per Unit Data:(1)
Members’ Capital, beginning of period	$	20.12
Net investment income (loss)	0.44
Net unrealized and realized gain (loss)(2)	(0.01)
Net increase (decrease) in Members’ Capital resulting from operations	0.43
Dividends declared	(0.44)

Total increase (decrease) in Members’ Capital	(0.01)
Members’ Capital, end of period	$	20.11
Common Units outstanding, end of period	12,595,000
Weighted average Common Units outstanding	12,595,000
Total return based on members’ capital	2.12		%
Ratio/Supplemental Data :
Members' Capital attributable to the holders of Common Units, end of period	$	253,225
Ratio of total expenses to average members capital(3)	3.91		%

Ratio of net investment income to average members capital(3)	8.94		%
Ratio of total contributed capital to total committed capital, end of period	33.77		%
Asset coverage ratio(4)	341.00		%
Portfolio turnover rate	1.14		%


(1)			The per Common Unit data was derived by using the weighted average Common 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)			Ratios are calculated using the average Members’ Capital of the Company attributable to the holders of Common Units. Amounts are annualized except for organization and offering costs. Amounts attributable to the holders of Common Units do not include impact of distributions paid or declared to holders of Preferred Units.
(4)			Effective August 12, 2024, in accordance with Section 61(a)(2) of the 1940 Act, with certain limited exceptions, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. Prior to August 12, 2024, in accordance with the 1940 Act, with certain limited exceptions, the Company was allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, was at least 200% after such borrowing.

SL Investment Fund II LLC 10-Q