TP Flexible Income Fund 10-Q 12 Feb 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2023	Feb. 12, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	814-00908
Entity Registrant Name	Prospect Floating Rate and Alternative Income Fund, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	45-2460782
Entity Address, Address Line One	10 East 40th Street
Entity Address, Address Line Two	42nd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10016
City Area Code	212
Local Phone Number	448-0702
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,417,932
Entity Central Index Key	0001521945
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED STATEMENTS OF ASSE

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)	Dec. 31, 2023		Jun. 30, 2023
Assets
Non-control/non-affiliate investments (amortized cost of $21,190,409 and $25,391,631, respectively) (Note 7 and 8)	$ 16,630,487	[1]	$ 21,915,187
Cash and cash equivalents	5,500,466		5,730,723
Restricted cash	0		61,833
Deferred financing costs (Note 10)	806,503		230,022
Deferred offering costs	264,246		0
Interest receivable	113,468		169,695
Prepaid expenses and other assets	108,695		163,076
Receivable for repayments of portfolio investments	0		7,554
Receivable for investments sold	0		1,361,436
Total Assets	23,423,865		29,639,526
Liabilities
Payable for open trade	4,994,925		4,997,938
Due to Administrator (Note 4)	1,432,456		868,634
Accrued legal fees	260,473		68,959
Accrued audit fees	127,500		169,400
Distributions payable	87,789		98,197
Interest payable	2,780		71,994
Accrued expenses	418		70,542
Total Liabilities	11,106,341		14,945,664
Commitments and Contingencies (Note 9)	0		0
Net Assets	12,317,524		14,693,862
Common Stock, par value $0.001 per share (75,000,000 shares authorized; 2,405,180 and 2,409,452 Class A shares issued and outstanding, respectively) (Note 3)	2,405		2,410
Paid-in capital in excess of par (Note 3 and Note 6)	24,006,868		24,575,896
Total distributable earnings (loss) (Note 6)	(11,691,749)		(9,884,444)
Net Assets	$ 12,317,524		$ 14,693,862	[2]
Net Asset Value Per Share (Note 11) (in dollars per share)	$ 5.12		$ 6.10
Senior Secured Revolving Credit Facility
Liabilities
Line of credit	$ 4,200,000		$ 0
Senior Secured Revolving Credit Facility | Credit Facility
Assets
Deferred financing costs (Note 10)	806,503
Liabilities
Line of credit	4,200,000
Revolving Credit Facility | Credit Facility
Assets
Non-control/non-affiliate investments (amortized cost of $21,190,409 and $25,391,631, respectively) (Note 7 and 8)	16,630,487
Deferred financing costs (Note 10)	0		230,022
Liabilities
Line of credit	$ 0		$ 8,600,000
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates for the current period. See Note 2 and 6 within the accompanying notes to the consolidated financial statements for further discussion

CONSOLIDATED STATEMENTS OF AS_2

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($)	Dec. 31, 2023		Jun. 30, 2023
Statement of Financial Position [Abstract]
Investments, cost	$ 21,190,409	[1]	$ 25,391,631
Common stock, par value (usd per share)	$ 0.001		$ 0.001
Common stock, shares authorized (in shares)	75,000,000		75,000,000
Common stock, shares issued (in shares)	2,405,180		2,409,452
Common stock, shares outstanding (in shares)	2,405,180		2,409,452
[1]See Note 6 for a discussion of the tax cost of the portfolio.

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)		3 Months Ended		6 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Investment Income
Total Investment Income		$ 475,158	$ 871,660	$ 1,020,274	$ 1,667,174
Operating Expenses
Administrator Costs (Note 4)		362,572	235,719	586,322	296,300
Interest expense and credit facility expenses (Note 10)		197,033	320,992	487,246	590,250
Audit and tax expense		87,374	37,400	116,124	175,833
Base management fees (Note 4)		74,073	105,950	157,432	218,384
Transfer agent’s fees and expenses		49,904	56,213	113,561	111,244
Insurance expense		32,191	43,104	64,382	104,093
Legal expense		15,199	30,088	42,604	98,567
General and administrative		8,271	(12,698)	105,789	44,903
Valuation services		4,000	5,000	8,000	10,000
Offering costs		0	4,281	0	12,794
Total Operating Expenses		830,617	826,049	1,681,460	1,662,368
Expense limitation payment (Note 4)		(74,073)	(105,950)	(157,432)	(218,384)
Total Net Operating Expenses		756,544	720,099	1,524,028	1,443,984
Net Investment (Loss) Income		(281,386)	151,561	(503,754)	223,190
Net Realized Losses and Net Change in Unrealized Losses on Investments
Net realized losses		(33)	(147,942)	(215,228)	(147,942)
Net change in unrealized losses		(265,465)	(778,235)	(1,083,478)	(1,367,176)
Net Realized Losses and Net Change in Unrealized Losses on Investments		(265,498)	(926,177)	(1,298,706)	(1,515,118)
Extinguishment of debt		0	0	(66,844)	0
Net Decrease in Net Assets Resulting from Operations		$ (546,884)	$ (774,616)	$ (1,869,304)	$ (1,291,928)
Net decrease in net assets resulting from operations per share (Note 11)
Basic (in dollars per share)	[1]	$ (0.23)	$ (0.33)	$ (0.78)	$ (0.54)
Diluted (in dollars per share)	[1]	(0.23)	(0.33)	(0.78)	(0.54)
Distributions declared per share (in dollars per share)		$ 0.10	$ 0.12	$ 0.20	$ 0.26
Weighted-average shares of common stock outstanding
Basic (in shares)		2,406,920	2,373,798	2,405,143	2,374,492
Diluted (in shares)		2,406,920	2,373,798	2,405,143	2,374,492
Structured Credit Securities
Investment Income
Total Investment Income		$ 94,341	$ 179,255	$ 207,378	$ 367,895
Non-Control/ Non-Affiliate Investments
Investment Income
Total Investment Income		$ 380,817	$ 692,405	$ 812,896	$ 1,299,279
[1] For the three months ended December 31, 2023 and 2022, the weighted average common shares outstanding were 2,406,920 and 2,373,798, respectively. For the six months ended December 31, 2023 and 2022, the weighted average common shares outstanding were 2,405,143 and 2,374,492, respectively.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)	3 Months Ended						6 Months Ended				11 Months Ended	12 Months Ended
	Dec. 31, 2023		Sep. 30, 2023		Dec. 31, 2022		Dec. 31, 2023		Dec. 31, 2022		Dec. 13, 2023	Jun. 30, 2023		Dec. 31, 2022	Jun. 30, 2022
Investment Company, Net Assets [Roll Forward]
Beginning balance, Common stock, shares outstanding (in shares)			2,409,452				2,409,452
Beginning of period, Net Assets	$ 13,106,824	[1]	$ 14,693,862	[2]	$ 15,845,448	[3]	$ 14,693,862	[2]	$ 16,700,975	[3]	$ 14,767,963	$ 16,700,975	[3]		$ 19,947,807
Net decrease in net assets resulting from operations
Net investment income (loss)	(281,386)				151,561		(503,754)		223,190
Net realized (losses) on investments	(33)						(215,228)		(147,942)
Net realized (losses) on debt							(66,844)
Net change in unrealized gains (losses) on investments	(265,465)				(778,235)		(1,083,478)		(1,367,176)
Distributions to Shareholders
Distributions from earnings					(239,157)		0		(486,866)
Return of capital distributions	(236,978)				(41,628)		(492,032)		(132,910)		$ (948,614)			$ (131,777)
Capital Transactions
Shares issued through reinvestment of distributions	$ 107,933				133,748		$ 219,938		287,029
Repurchase of common shares (in shares)	(21,112)						(41,075)					(45,252)
Repurchase of common shares	$ (113,371)				(155,832)		$ (234,940)		(308,337)
Tax Reclassification of Net Assets (Note 6)	0				0		0		0			$ (348,710)			(21,624)
Total Increase (Decrease) during period	$ (789,300)				(1,077,485)		$ (2,376,338)		(1,933,012)
Ending balance, Common stock, shares outstanding (in shares)	2,405,180						2,405,180					2,409,452
End of period, Net Assets	$ 12,317,524		$ 13,106,824	[1]	$ 14,767,963		$ 12,317,524		$ 14,767,963			$ 14,693,862	[2]	$ 14,767,963	$ 16,700,975	[3]
Common Stock
Investment Company, Net Assets [Roll Forward]
Beginning balance, Common stock, shares outstanding (in shares)	2,407,904	[1]	2,409,452	[2]	2,375,249	[3]	2,409,452	[2]	2,375,890	[3]	2,371,542	2,375,890	[3]
Beginning of period, Net Assets	$ 2,408	[1]	$ 2,410	[2]	$ 2,375	[3]	$ 2,410	[2]	$ 2,376	[3]	$ 2,372	$ 2,376	[3]
Capital Transactions
Shares issued through reinvestment of dividends (in shares)	18,388				19,727		36,803		40,904
Shares issued through reinvestment of distributions	$ 18				$ 20		$ 36		$ 41
Repurchase of common shares (in shares)	(21,112)				(23,434)		(41,075)		(45,252)
Repurchase of common shares	$ (21)				$ (23)		$ (41)		$ (45)
Total Increase (Decrease) (in shares)	(2,724)				(3,707)		(4,272)		(4,348)
Total Increase (Decrease) during period	$ (3)				$ (3)		$ (5)		$ (4)
Ending balance, Common stock, shares outstanding (in shares)	2,405,180		2,407,904	[1]	2,371,542		2,405,180		2,371,542			2,409,452	[2]	2,371,542	2,375,890	[3]
End of period, Net Assets	$ 2,405		$ 2,408	[1]	$ 2,372		$ 2,405		$ 2,372			$ 2,410	[2]	$ 2,372	$ 2,376	[3]
Paid-in Capital in Excess of Par
Investment Company, Net Assets [Roll Forward]
Beginning of period, Net Assets	24,311,280	[1]	24,575,896	[2]	25,097,836	[3]	24,575,896	[2]	25,188,341	[3]	24,878,298	25,188,341	[3]
Distributions to Shareholders
Return of capital distributions	(236,978)				(41,628)		(492,032)		(132,910)
Capital Transactions
Shares issued through reinvestment of distributions	107,915				133,728		219,902		286,988
Repurchase of common shares	(113,350)				(155,809)		(234,899)		(308,292)
Tax Reclassification of Net Assets (Note 6)	(61,999)				(155,829)		(61,999)		(155,829)		(61,999)			(155,829)
Total Increase (Decrease) during period	(304,412)				(219,538)		(569,028)		(310,043)
End of period, Net Assets	24,006,868		24,311,280	[1]	24,878,298		24,006,868		24,878,298			24,575,896	[2]	24,878,298	25,188,341	[3]
Distributable Earnings (Loss)
Investment Company, Net Assets [Roll Forward]
Beginning of period, Net Assets	(11,206,864)	[1]	(9,884,444)	[2]	(9,254,763)	[3]	(9,884,444)	[2]	(8,489,742)	[3]	(10,112,707)	(8,489,742)	[3]
Net decrease in net assets resulting from operations
Net investment income (loss)	(281,386)				151,561		(503,754)		223,190
Net realized (losses) on investments	(33)						(215,228)		(147,942)
Net realized (losses) on debt							(66,844)
Net change in unrealized gains (losses) on investments	(265,465)				(778,235)		(1,083,478)		(1,367,176)
Distributions to Shareholders
Distributions from earnings					(239,157)				(486,866)
Capital Transactions
Tax Reclassification of Net Assets (Note 6)	61,999				155,829		61,999		155,829		$ 61,999			155,829
Total Increase (Decrease) during period	(484,885)				(857,944)		(1,807,305)		(1,622,965)
End of period, Net Assets	$ (11,691,749)		$ (11,206,864)	[1]	$ (10,112,707)		$ (11,691,749)		$ (10,112,707)			$ (9,884,444)	[2]	$ (10,112,707)	$ (8,489,742)	[3]
[1]Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates for the current period. See Note 2 and 6 within the accompanying notes to the consolidated financial statements for further discussion[2]Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates for the current period. See Note 2 and 6 within the accompanying notes to the consolidated financial statements for further discussion[3]Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates for the current period. See Note 2 and 6 within the accompanying notes to the consolidated financial statements for further discussion.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 13, 2023	Dec. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net decrease in net assets resulting from operations	$ (546,884)	$ (774,616)	$ (1,869,304)	$ (1,291,928)	$ (1,662,664)	$ (3,303,225)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Amortization of offering costs			0	12,794
Repayments and sales of portfolio investments			3,737,814	2,066,272
Net change in unrealized losses on investments	265,465	778,235	1,083,478	1,367,176
Net realized losses on investments	33	147,942	215,228	147,942
Net realized losses on extinguishment of debt	0	0	66,844	0
Amortization of premiums (accretion of purchase discounts) on investments, net			22,489	(57,702)
Net Reductions to Subordinated Structured Notes and related investment cost			284,605	68,693
Amortization of deferred financing costs			245,044	29,152
Payment-in-kind interest	(36,876)	0	(58,870)	(162)
Settlement of Treasury Bills			(46)	0
(Increase) Decrease in operating assets
Receivable for investments sold			1,361,436	0
Receivable for repayments of portfolio investments			7,554	23,861
Interest receivable			56,227	(863)
Deferred offering costs (Note 5)			0	(12,794)
Prepaid expenses and other assets			54,381	49,432
Increase (Decrease) in operating liabilities
Payable for open trade			(3,013)	0
Accrued expenses			(70,124)	796
Accrued legal fees			(72,732)	(68,301)
Accrued audit fees			(41,900)	52,560
Due to Administrator (Note 5)			563,822	266,235
Interest payable			(69,214)	38,760
Tax payable			0	(4,935)
Net cash provided by operating activities			5,513,719	2,686,988
Cash flows from financing activities:
Distributions paid to stockholders			(282,500)	(327,460)
Repurchase of common shares			(234,940)	(308,337)
Borrowings under Senior Secured Revolving Credit Facility (Note 10)			6,200,000	0
Repayments under Senior Secured Revolving Credit Facility (Note 10)			(2,000,000)	0
Repayments under Revolving Credit Facility (Note 10)			(8,600,000)	(2,700,000)
Financing costs paid and deferred			(888,369)	0
Net cash used in financing activities			(5,805,809)	(3,335,797)
Net decrease in cash, cash equivalents and restricted cash			(292,090)	(648,809)
Cash, cash equivalents and restricted cash at beginning of period			5,792,556	1,467,568	$ 818,759
Cash, cash equivalents and restricted cash at end of period	5,500,466	818,759	5,500,466	818,759		818,759
Supplemental disclosures:
Cash paid for interest			311,415	522,338
Non-cash financing activities:
Value of shares issued through reinvestment of distributions			219,938	287,029
Unpaid deferred offering costs (Note 5)			(264,246)	0
Cash and cash equivalents	5,500,466	134,157	5,500,466	134,157		134,157	$ 5,730,723	$ 1,467,568
Restricted cash	0	684,602	0	684,602		684,602	61,833	0
Cash, cash equivalents and restricted cash at beginning of period	$ 5,500,466	$ 818,759	$ 5,500,466	$ 818,759		$ 818,759	$ 5,792,556	$ 1,467,568

CONSOLIDATED SCHEDULES OF INVES

CONSOLIDATED SCHEDULES OF INVESTMENTS - USD ($)		Dec. 31, 2023		Jun. 30, 2023		Jun. 30, 2022
Schedule of Investments [Line Items]
Amortized Cost		$ 21,190,409	[1]	$ 25,391,631
Fair Value		$ 16,630,487	[2]	$ 21,915,187
% of Net Assets		135.01%		149.14%
Senior Secured Loans-First Lien
Schedule of Investments [Line Items]
Amortized Cost		$ 11,517,085	[1],[3],[4],[5]	$ 16,445,667	[6],[7],[8]
Fair Value		$ 10,516,525	[2],[3],[4],[5]	$ 15,362,386	[7],[8],[9]
% of Net Assets		85.38%	[3],[4],[5]	104.55%	[7],[8]
Senior Secured Loans-Second Lien
Schedule of Investments [Line Items]
Amortized Cost		$ 1,772,946	[1],[3],[4],[5],[10],[11]	$ 1,758,303	[6],[7],[8],[12],[13],[14]
Fair Value		$ 1,398,761	[2],[3],[4],[5],[10],[11]	$ 1,416,049	[7],[8],[9],[12],[13],[14]
% of Net Assets		11.36%	[3],[4],[5],[10],[11]	9.64%	[7],[8],[12],[13],[14]
Senior Secured Notes
Schedule of Investments [Line Items]
Amortized Cost		$ 752,630	[1],[3],[5],[10],[15]	$ 752,867	[6],[12],[16]
Fair Value		$ 288,075	[2],[3],[5],[10],[15]	$ 271,899	[9],[12],[16]
% of Net Assets		2.34%	[3],[5],[10],[15]	1.85%	[12],[16]
Subordinate Structured Notes
Schedule of Investments [Line Items]
Amortized Cost		$ 5,479,805	[1],[3],[5],[10],[15],[17]	$ 5,764,411	[8],[12],[16],[18]
Fair Value		$ 3,762,422	[2],[3],[5],[10],[15],[17]	$ 4,386,757	[8],[12],[16],[18]
% of Net Assets		30.53%	[3],[5],[10],[15],[17]	29.85%	[8],[12],[16],[18]
Equity/Other
Schedule of Investments [Line Items]
Amortized Cost		$ 1,667,943	[1],[3],[5],[10],[15],[19]	$ 670,383	[8],[12],[16],[20]
Fair Value		$ 664,704	[2],[3],[5],[10],[15],[19]	$ 478,096	[8],[12],[16],[20]
% of Net Assets		5.40%	[3],[5],[10],[15],[19]	3.25%	[8],[12],[16],[20]
Investment, Identifier [Axis]: Aventiv Technologies, LLC - First Lien Term Loan
Schedule of Investments [Line Items]
Maximum Current PIK Rate		0%
Investment, Identifier [Axis]: Equity, Other - ACON IWP Investors I, L.L.C.
Schedule of Investments [Line Items]
Principal Value		$ 472,357	[3],[5],[10],[15],[19]	$ 472,357	[8],[12],[16],[20]
Amortized Cost		472,357	[1],[3],[5],[10],[15],[19]	472,357	[8],[12],[16],[20]
Fair Value		$ 603,000	[2],[3],[5],[10],[15],[19]	$ 465,000	[8],[12],[16],[20]
% of Net Assets		4.90%	[3],[5],[10],[15],[19]	3.16%	[8],[12],[16],[20]
Investment, Identifier [Axis]: Equity, Other - FullBeauty Brands Holding, Common Stock
Schedule of Investments [Line Items]
Principal Value		$ 72	[3],[5],[10],[15],[19]	$ 72	[8],[12],[16],[20]
Amortized Cost		198,026	[1],[3],[5],[10],[15],[19]	198,026	[8],[12],[16],[20]
Fair Value		$ 7,879	[2],[3],[5],[10],[15],[19]	$ 13,096	[8],[12],[16],[20]
% of Net Assets		0.06%	[3],[5],[10],[15],[19]	0.09%	[8],[12],[16],[20]
Investment, Identifier [Axis]: Equity, Other - Rising Tide Holdings, Inc., Common Stock
Schedule of Investments [Line Items]
Principal Value	[3],[5],[10],[15],[19]	$ 2,500
Amortized Cost	[1],[3],[5],[10],[15],[19]	997,560
Fair Value	[2],[3],[5],[10],[15],[19]	$ 53,825
% of Net Assets	[3],[5],[10],[15],[19]	0.44%
Investment, Identifier [Axis]: Placeholder
Schedule of Investments [Line Items]
Fair Value		$ 0		$ 0		$ 0
Investment, Identifier [Axis]: Rising Tide Holdings, Inc. - First Lien Term Loan
Schedule of Investments [Line Items]
Maximum Current PIK Rate				3.75%
Investment, Identifier [Axis]: Senior Secured Loans, Research Now Group, LLC
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[21]			5.50%
Investment interest rate	[7],[8],[12],[13],[21]			10.80%
Floor	[7],[8],[12],[13]			100%
Principal Value	[7],[8],[12],[13]			$ 1,920,012
Amortized Cost	[6],[7],[8],[12],[13]			1,920,012
Fair Value	[7],[8],[9],[12],[13]			$ 1,797,820
% of Net Assets	[7],[8],[12],[13]			12.24%
Investment, Identifier [Axis]: Senior Secured Loans, Viapath Technologies
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[21],[22]			4.25%
Investment interest rate	[7],[8],[12],[13],[21],[22]			9.45%
Floor	[7],[8],[12],[13],[22]			0%
Principal Value	[7],[8],[12],[13],[22]			$ 422,120
Amortized Cost	[6],[7],[8],[12],[13],[22]			412,170
Fair Value	[7],[8],[9],[12],[13],[22]			$ 405,431
% of Net Assets	[7],[8],[12],[13],[22]			2.76%
Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[21],[22]			4.50%
Investment interest rate	[7],[8],[12],[13],[21],[22]			10.23%
Floor	[7],[8],[12],[13],[22]			100%
Principal Value	[7],[8],[12],[13],[22]			$ 1,918,782
Amortized Cost	[6],[7],[8],[12],[13],[22]			1,871,317
Fair Value	[7],[8],[9],[12],[13],[22]			$ 1,918,782
% of Net Assets	[7],[8],[12],[13],[22]			13.06%
Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.)
Schedule of Investments [Line Items]
Basis spread rate	[3],[4],[5],[10],[23],[24]	5.15%
Investment interest rate	[3],[4],[5],[10],[23],[24]	10.89%
Floor	[3],[4],[5],[10],[11],[23]	1%
Principal Value	[3],[4],[5],[10],[11],[23]	$ 1,927,447
Amortized Cost	[1],[3],[4],[5],[10],[11],[23]	1,894,120
Fair Value	[2],[3],[4],[5],[10],[11],[23]	$ 1,611,538
% of Net Assets	[3],[4],[5],[10],[11],[23]	13.08%
Investment, Identifier [Axis]: Senior Secured Loans, BCPE North Star US Holdco 2
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[21]			4%
Investment interest rate	[7],[8],[12],[13],[21]			9.54%
Floor	[7],[8],[12],[13]			75%
Principal Value	[7],[8],[12],[13]			$ 972,470
Amortized Cost	[6],[7],[8],[12],[13]			972,281
Fair Value	[7],[8],[9],[12],[13]			$ 920,151
% of Net Assets	[7],[8],[12],[13]			6.26%
Investment, Identifier [Axis]: Senior Secured Loans, BCPE North Star US Holdco 2, Inc.
Schedule of Investments [Line Items]
Basis spread rate	[3],[4],[5],[10],[24]	4%
Investment interest rate	[3],[4],[5],[10],[24]	9.47%
Floor	[3],[4],[5],[10]	1%
Principal Value	[3],[4],[5],[10]	$ 967,524
Amortized Cost	[1],[3],[4],[5],[10]	960,987
Fair Value	[2],[3],[4],[5],[10]	$ 927,178
% of Net Assets	[3],[4],[5],[10]	7.53%
Investment, Identifier [Axis]: Senior Secured Loans, CareerBuilder, LLC
Schedule of Investments [Line Items]
Basis spread rate		6.75%	[3],[4],[5],[10],[23],[24]	6.75%	[7],[8],[12],[13],[21],[22]
Investment interest rate		12.36%	[3],[4],[5],[10],[23],[24]	12.51%	[7],[8],[12],[13],[21],[22]
Floor		1%	[3],[4],[5],[10],[23]	100%	[7],[8],[12],[13],[22]
Principal Value		$ 706,384	[3],[4],[5],[10],[23]	$ 725,238	[7],[8],[12],[13],[22]
Amortized Cost		701,207	[1],[3],[4],[5],[10],[23]	723,343	[6],[7],[8],[12],[13],[22]
Fair Value		$ 379,399	[2],[3],[4],[5],[10],[23]	$ 499,544	[7],[8],[9],[12],[13],[22]
% of Net Assets		3.08%	[3],[4],[5],[10],[23]	3.40%	[7],[8],[12],[13],[22]
Investment, Identifier [Axis]: Senior Secured Loans, DRI Holding Inc
Schedule of Investments [Line Items]
Basis spread rate		5.25%	[3],[4],[5],[10],[24]	5.25%	[7],[8],[12],[13],[21]
Investment interest rate		10.71%	[3],[4],[5],[10],[24]	10.45%	[7],[8],[12],[13],[21]
Floor		1%	[3],[4],[5],[10]	50%	[7],[8],[12],[13]
Principal Value		$ 972,576	[3],[4],[5],[10]	$ 977,525	[7],[8],[12],[13]
Amortized Cost		966,985	[1],[3],[4],[5],[10]	977,525	[6],[7],[8],[12],[13]
Fair Value		$ 972,576	[2],[3],[4],[5],[10]	$ 971,690	[7],[8],[9],[12],[13]
% of Net Assets		7.90%	[3],[4],[5],[10]	6.61%	[7],[8],[12],[13]
Investment, Identifier [Axis]: Senior Secured Loans, DTI Holdco, Inc.
Schedule of Investments [Line Items]
Basis spread rate		4.75%	[3],[4],[5],[10],[24]	4.75%	[7],[8],[12],[13],[21]
Investment interest rate		10.13%	[3],[4],[5],[10],[24]	9.80%	[7],[8],[12],[13],[21]
Floor		1%	[3],[4],[5],[10]	75%	[7],[8],[12],[13]
Principal Value		$ 736,903	[3],[4],[5],[10]	$ 740,634	[7],[8],[12],[13]
Amortized Cost		720,003	[1],[3],[4],[5],[10]	727,834	[6],[7],[8],[12],[13]
Fair Value		$ 736,903	[2],[3],[4],[5],[10]	$ 710,099	[7],[8],[9],[12],[13]
% of Net Assets		5.98%	[3],[4],[5],[10]	4.83%	[7],[8],[12],[13]
Investment, Identifier [Axis]: Senior Secured Loans, First Brands Group
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[21]			5%
Investment interest rate	[7],[8],[12],[13],[21]			10.25%
Floor	[7],[8],[12],[13]			100%
Principal Value	[7],[8],[12],[13]			$ 473,788
Amortized Cost	[6],[7],[8],[12],[13]			470,727
Fair Value	[7],[8],[9],[12],[13]			$ 470,696
% of Net Assets	[7],[8],[12],[13]			3.20%
Investment, Identifier [Axis]: Senior Secured Loans, PetVet Care Centers, LLC
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[13],[21],[25]			3.50%
Investment interest rate	[7],[8],[13],[21],[25]			8.69%
Floor	[7],[8],[13],[25]			75%
Principal Value	[7],[8],[13],[25]			$ 475,805
Amortized Cost	[6],[7],[8],[13],[25]			475,174
Fair Value	[7],[8],[9],[13],[25]			$ 467,003
% of Net Assets	[7],[8],[13],[25]			3.18%
Investment, Identifier [Axis]: Senior Secured Loans, RC Buyer, Inc
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[21]			3.50%
Investment interest rate	[7],[8],[12],[13],[21]			9%
Floor	[7],[8],[12],[13]			75%
Principal Value	[7],[8],[12],[13]			$ 705,000
Amortized Cost	[6],[7],[8],[12],[13]			703,653
Fair Value	[7],[8],[9],[12],[13]			$ 678,492
% of Net Assets	[7],[8],[12],[13]			4.62%
Investment, Identifier [Axis]: Senior Secured Loans, Research Now Group and Dynata LLC
Schedule of Investments [Line Items]
Basis spread rate	[3],[4],[5],[10],[24]	5.50%
Investment interest rate	[3],[4],[5],[10],[24]	11.14%
Floor	[3],[4],[5],[10]	1%
Principal Value	[3],[4],[5],[10]	$ 1,909,853
Amortized Cost	[1],[3],[4],[5],[10]	1,905,762
Fair Value	[2],[3],[4],[5],[10]	$ 1,542,206
% of Net Assets	[3],[4],[5],[10]	12.52%
Investment, Identifier [Axis]: Senior Secured Loans, Rising Tide Holdings, Inc.
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[14],[21]			1%
Investment interest rate	[7],[8],[12],[13],[14],[21]			10.26%
Floor	[7],[8],[12],[13],[14]			75%
Principal Value	[7],[8],[12],[13],[14]			$ 1,004,619
Amortized Cost	[6],[7],[8],[12],[13],[14]			997,560
Fair Value	[7],[8],[9],[12],[13],[14]			$ 669,880
% of Net Assets	[7],[8],[12],[13],[14]			4.56%
Investment, Identifier [Axis]: Senior Secured Loans, Sorenson Communications, LLC
Schedule of Investments [Line Items]
Basis spread rate		5.50%	[3],[4],[5],[10],[24]	5.50%	[7],[8],[12],[13],[21]
Investment interest rate		10.97%	[3],[4],[5],[10],[24]	10.69%	[7],[8],[12],[13],[21]
Floor		1%	[3],[4],[5],[10]	75%	[7],[8],[12],[13]
Principal Value		$ 995,092	[3],[4],[5],[10]	$ 1,063,719	[7],[8],[12],[13]
Amortized Cost		985,725	[1],[3],[4],[5],[10]	1,055,986	[6],[7],[8],[12],[13]
Fair Value		$ 995,092	[2],[3],[4],[5],[10]	$ 1,062,278	[7],[8],[9],[12],[13]
% of Net Assets		8.08%	[3],[4],[5],[10]	7.23%	[7],[8],[12],[13]
Investment, Identifier [Axis]: Senior Secured Loans, Staples, Inc.
Schedule of Investments [Line Items]
Basis spread rate		5%	[3],[4],[5],[23],[24],[26]	5%	[7],[8],[13],[21],[22],[25]
Investment interest rate		10.47%	[3],[4],[5],[23],[24],[26]	10.30%	[7],[8],[13],[21],[22],[25]
Floor		0%	[3],[4],[5],[23],[26]	0%	[7],[8],[13],[22],[25]
Principal Value		$ 997,013	[3],[4],[5],[23],[26]	$ 1,929,648	[7],[8],[13],[22],[25]
Amortized Cost		988,645	[1],[3],[4],[5],[23],[26]	1,917,882	[6],[7],[8],[13],[22],[25]
Fair Value		$ 953,244	[2],[3],[4],[5],[23],[26]	$ 1,662,469	[7],[8],[9],[13],[22],[25]
% of Net Assets		7.74%	[3],[4],[5],[23],[26]	11.31%	[7],[8],[13],[22],[25]
Investment, Identifier [Axis]: Senior Secured Loans, Upstream Newco, Inc.
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[21]			4.25%
Investment interest rate	[7],[8],[12],[13],[21]			9.75%
Floor	[7],[8],[12],[13]			0%
Principal Value	[7],[8],[12],[13]			$ 1,225,000
Amortized Cost	[6],[7],[8],[12],[13]			1,225,000
Fair Value	[7],[8],[9],[12],[13]			$ 1,179,920
% of Net Assets	[7],[8],[12],[13]			8.03%
Investment, Identifier [Axis]: Senior Secured Loans, ViaPath Technologies
Schedule of Investments [Line Items]
Basis spread rate	[3],[4],[5],[10],[23],[24]	4.25%
Investment interest rate	[3],[4],[5],[10],[23],[24]	9.78%
Floor	[3],[4],[5],[10],[23]	0%
Principal Value	[3],[4],[5],[10],[23]	$ 419,909
Amortized Cost	[1],[3],[4],[5],[10],[23]	409,267
Fair Value	[2],[3],[4],[5],[10],[23]	$ 406,766
% of Net Assets	[3],[4],[5],[10],[23]	3.30%
Investment, Identifier [Axis]: Senior Secured Loans, Wellpath Holdings, Inc.
Schedule of Investments [Line Items]
Basis spread rate		5.50%	[3],[4],[5],[10],[23],[24]	5.50%	[7],[8],[12],[13],[21],[22]
Investment interest rate		11.32%	[3],[4],[5],[10],[23],[24]	10.98%	[7],[8],[12],[13],[21],[22]
Floor		0%	[3],[4],[5],[10],[23]	0%	[7],[8],[12],[13],[22]
Principal Value		$ 2,002,034	[3],[4],[5],[10],[23]	$ 2,012,571	[7],[8],[12],[13],[22]
Amortized Cost		1,984,384	[1],[3],[4],[5],[10],[23]	1,995,203	[6],[7],[8],[12],[13],[22]
Fair Value		$ 1,991,623	[2],[3],[4],[5],[10],[23]	$ 1,948,131	[7],[8],[9],[12],[13],[22]
% of Net Assets		16.17%	[3],[4],[5],[10],[23]	13.26%	[7],[8],[12],[13],[22]
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance
Schedule of Investments [Line Items]
Basis spread rate	[3],[4],[5],[10],[11],[24]	1%
Investment interest rate	[3],[4],[5],[10],[11],[24]	6.35%
Maximum Current PIK Rate	[3],[4],[5],[10],[11],[24]	4%
Floor	[3],[4],[5],[10],[11]	100%
Principal Value	[3],[4],[5],[10],[11]	$ 1,786,412
Amortized Cost	[1],[3],[4],[5],[10],[11]	1,772,946
Fair Value	[2],[3],[4],[5],[10],[11]	$ 1,398,761
% of Net Assets	[3],[4],[5],[10],[11]	11.36%
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance, LLC
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[12],[13],[14],[21]			5%
Investment interest rate	[7],[8],[12],[13],[14],[21]			10.24%
Maximum Current PIK Rate	[7],[8],[12],[13],[14],[21]
Floor	[7],[8],[12],[13],[14]			100%
Principal Value	[7],[8],[12],[13],[14]			$ 1,764,000
Amortized Cost	[6],[7],[8],[12],[13],[14]			1,758,303
Fair Value	[7],[8],[9],[12],[13],[14]			$ 1,416,049
% of Net Assets	[7],[8],[12],[13],[14]			9.64%
Investment, Identifier [Axis]: Senior Secured Notes, CURO Group Holdings Corp.
Schedule of Investments [Line Items]
Investment interest rate		7.50%	[3],[5],[10],[15],[24]	7.50%	[12],[16],[21]
Principal Value		$ 750,000	[3],[5],[10],[15]	$ 750,000	[12],[16]
Amortized Cost		752,630	[1],[3],[5],[10],[15]	752,867	[6],[12],[16]
Fair Value		$ 288,075	[2],[3],[5],[10],[15]	$ 271,899	[9],[12],[16]
% of Net Assets		2.34%	[3],[5],[10],[15]	1.85%	[12],[16]
Investment, Identifier [Axis]: Shutterfly Finance, LLC - Second Lien Term Loan
Schedule of Investments [Line Items]
Maximum Current PIK Rate		4%		4%
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXIV
Schedule of Investments [Line Items]
Investment interest rate		21.51%	[3],[5],[10],[15],[17],[24]	26.91%	[8],[12],[16],[18],[21]
Principal Value		$ 250,000	[3],[5],[10],[15],[17]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		163,746	[1],[3],[5],[10],[15],[17]	166,533	[6],[8],[12],[16],[18]
Fair Value		$ 156,925	[2],[3],[5],[10],[15],[17]	$ 163,123	[8],[9],[12],[16],[18]
% of Net Assets		1.27%	[3],[5],[10],[15],[17]	1.11%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXVI
Schedule of Investments [Line Items]
Investment interest rate		2.32%	[3],[5],[10],[15],[17],[24]	12.85%	[8],[12],[16],[18],[21]
Principal Value		$ 250,000	[3],[5],[10],[15],[17]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		179,839	[1],[3],[5],[10],[15],[17]	188,599	[6],[8],[12],[16],[18]
Fair Value		$ 142,350	[2],[3],[5],[10],[15],[17]	$ 164,613	[8],[9],[12],[16],[18]
% of Net Assets		1.16%	[3],[5],[10],[15],[17]	1.12%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, California CLO IX, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		20.11%	[3],[5],[10],[15],[17],[24]	24.51%	[8],[12],[16],[18],[21]
Principal Value		$ 500,000	[3],[5],[10],[15],[17]	$ 500,000	[8],[12],[16],[18]
Amortized Cost		264,287	[1],[3],[5],[10],[15],[17]	265,278	[6],[8],[12],[16],[18]
Fair Value		$ 233,950	[2],[3],[5],[10],[15],[17]	$ 240,926	[8],[9],[12],[16],[18]
% of Net Assets		1.90%	[3],[5],[10],[15],[17]	1.64%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2014-4-R, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		2.83%	[3],[5],[10],[15],[17],[24]	13.21%	[8],[12],[16],[18],[21]
Principal Value		$ 250,000	[3],[5],[10],[15],[17]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		165,649	[1],[3],[5],[10],[15],[17]	174,426	[6],[8],[12],[16],[18]
Fair Value		$ 133,775	[2],[3],[5],[10],[15],[17]	$ 154,469	[8],[9],[12],[16],[18]
% of Net Assets		1.09%	[3],[5],[10],[15],[17]	1.05%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2017-5, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	5.14%	[8],[12],[16],[18],[21]
Principal Value		$ 500,000	[3],[5],[10],[15],[17],[27]	$ 500,000	[8],[12],[16],[18]
Amortized Cost		396,670	[1],[3],[5],[10],[15],[17],[27]	422,204	[6],[8],[12],[16],[18]
Fair Value		$ 299,200	[2],[3],[5],[10],[15],[17],[27]	$ 319,644	[8],[9],[12],[16],[18]
% of Net Assets		2.43%	[3],[5],[10],[15],[17],[27]	2.18%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Galaxy XIX CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	12.16%	[8],[12],[16],[18],[21]
Principal Value		$ 250,000	[3],[5],[10],[15],[17],[27]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		162,666	[1],[3],[5],[10],[15],[17],[27]	174,231	[6],[8],[12],[16],[18]
Fair Value		$ 114,800	[2],[3],[5],[10],[15],[17],[27]	$ 126,513	[8],[9],[12],[16],[18]
% of Net Assets		0.93%	[3],[5],[10],[15],[17],[27]	0.86%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, GoldenTree Loan Opportunities IX, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	0%	[8],[12],[16],[18],[21]
Principal Value		$ 250,000	[3],[5],[10],[15],[17],[27]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		155,929	[1],[3],[5],[10],[15],[17],[27]	167,080	[6],[8],[12],[16],[18]
Fair Value		$ 89,150	[2],[3],[5],[10],[15],[17],[27]	$ 116,952	[8],[9],[12],[16],[18]
% of Net Assets		0.72%	[3],[5],[10],[15],[17],[27]	0.80%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0.33%	[3],[5],[10],[15],[17],[24]	0%	[8],[12],[16],[18],[21],[28]
Principal Value		$ 250,000	[3],[5],[10],[15],[17]	$ 250,000	[8],[12],[16],[18],[28]
Amortized Cost		121,587	[1],[3],[5],[10],[15],[17]	133,019	[6],[8],[12],[16],[18],[28]
Fair Value		$ 92,200	[2],[3],[5],[10],[15],[17]	$ 110,817	[8],[9],[12],[16],[18],[28]
% of Net Assets		0.75%	[3],[5],[10],[15],[17]	0.75%	[8],[12],[16],[18],[28]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		9.10%	[3],[5],[10],[15],[17],[24]	19.33%	[8],[12],[16],[18],[21]
Principal Value		$ 250,000	[3],[5],[10],[15],[17]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		182,783	[1],[3],[5],[10],[15],[17]	189,166	[6],[8],[12],[16],[18]
Fair Value		$ 147,425	[2],[3],[5],[10],[15],[17]	$ 152,446	[8],[9],[12],[16],[18]
% of Net Assets		1.20%	[3],[5],[10],[15],[17]	1.04%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, OZLM XII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	0%	[8],[12],[16],[18],[28]
Principal Value		$ 275,000	[3],[5],[10],[15],[17],[27]	$ 275,000	[8],[12],[16],[18],[28]
Amortized Cost		147,499	[1],[3],[5],[10],[15],[17],[27]	147,499	[8],[12],[16],[18],[28]
Fair Value		$ 0	[2],[3],[5],[10],[15],[17],[27]	$ 0	[8],[12],[16],[18],[28]
% of Net Assets		0%	[3],[5],[10],[15],[17],[27]	0%	[8],[12],[16],[18],[28]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 30, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	3.12%	[8],[12],[16],[18]
Principal Value		$ 475,000	[3],[5],[10],[15],[17],[27]	$ 475,000	[8],[12],[16],[18]
Amortized Cost		323,674	[1],[3],[5],[10],[15],[17],[27]	354,696	[8],[12],[16],[18]
Fair Value		$ 250,373	[2],[3],[5],[10],[15],[17],[27]	$ 284,479	[8],[12],[16],[18]
% of Net Assets		2.03%	[3],[5],[10],[15],[17],[27]	1.94%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 31, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		3.91%	[3],[5],[10],[15],[17],[24]	13.52%	[8],[12],[16],[18]
Principal Value		$ 250,000	[3],[5],[10],[15],[17]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		136,474	[1],[3],[5],[10],[15],[17]	148,955	[8],[12],[16],[18]
Fair Value		$ 113,925	[2],[3],[5],[10],[15],[17]	$ 138,013	[8],[12],[16],[18]
% of Net Assets		0.92%	[3],[5],[10],[15],[17]	0.94%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 36, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		7.26%	[3],[5],[10],[15],[17],[24]	19.80%	[8],[12],[16],[18]
Principal Value		$ 500,000	[3],[5],[10],[15],[17]	$ 500,000	[8],[12],[16],[18]
Amortized Cost		361,146	[1],[3],[5],[10],[15],[17]	380,983	[8],[12],[16],[18]
Fair Value		$ 298,050	[2],[3],[5],[10],[15],[17]	$ 320,718	[8],[12],[16],[18]
% of Net Assets		2.42%	[3],[5],[10],[15],[17]	2.18%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 39, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		12.20%	[3],[5],[10],[15],[24]	22.80%	[8],[12],[16],[18]
Principal Value		$ 250,000	[3],[5],[10],[15]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		203,281	[1],[3],[5],[10],[15]	204,843	[8],[12],[16],[18]
Fair Value		$ 192,000	[2],[3],[5],[10],[15]	$ 196,987	[8],[12],[16],[18]
% of Net Assets		1.56%	[3],[5],[10],[15]	1.34%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XIV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	0%	[8],[12],[16],[18],[21],[28]
Principal Value		$ 850,000	[3],[5],[10],[15],[17],[27]	$ 850,000	[8],[12],[16],[18],[28]
Amortized Cost		388,254	[1],[3],[5],[10],[15],[17],[27]	401,984	[6],[8],[12],[16],[18],[28]
Fair Value		$ 117,385	[2],[3],[5],[10],[15],[17],[27]	$ 231,504	[8],[9],[12],[16],[18],[28]
% of Net Assets		0.95%	[3],[5],[10],[15],[17],[27]	1.58%	[8],[12],[16],[18],[28]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	11.77%	[8],[12],[16],[18]
Principal Value		$ 500,000	[3],[5],[10],[15],[17],[27]	$ 500,000	[8],[12],[16],[18]
Amortized Cost		267,307	[1],[3],[5],[10],[15],[17],[27]	283,882	[8],[12],[16],[18]
Fair Value		$ 203,800	[2],[3],[5],[10],[15],[17],[27]	$ 244,193	[8],[12],[16],[18]
% of Net Assets		1.64%	[3],[5],[10],[15],[17],[27]	1.66%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XXI,Ltd.
Schedule of Investments [Line Items]
Investment interest rate		11.39%	[3],[5],[10],[15],[17],[23],[24]	18.87%	[8],[12],[16],[18],[22]
Principal Value		$ 387,538	[3],[5],[10],[15],[17],[23]	$ 387,538	[8],[12],[16],[18],[22]
Amortized Cost		232,528	[1],[3],[5],[10],[15],[17],[23]	241,912	[8],[12],[16],[18],[22]
Fair Value		$ 177,531	[2],[3],[5],[10],[15],[17],[23]	$ 188,503	[8],[12],[16],[18],[22]
% of Net Assets		1.44%	[3],[5],[10],[15],[17],[23]	1.28%	[8],[12],[16],[18],[22]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO II, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	0%	[8],[12],[16],[18],[28]
Principal Value		$ 1,500,000	[3],[5],[10],[15],[17],[27]	$ 1,500,000	[8],[12],[16],[18],[28]
Amortized Cost		652,197	[1],[3],[5],[10],[15],[17],[27]	697,068	[8],[12],[16],[18],[28]
Fair Value		$ 326,100	[2],[3],[5],[10],[15],[17],[27]	$ 456,140	[8],[12],[16],[18],[28]
% of Net Assets		2.65%	[3],[5],[10],[15],[17],[27]	3.10%	[8],[12],[16],[18],[28]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO VII-R, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		4.09%	[3],[5],[10],[15],[17],[24]	15.65%	[8],[12],[16],[18]
Principal Value		$ 150,000	[3],[5],[10],[15],[17]	$ 150,000	[8],[12],[16],[18]
Amortized Cost		62,429	[1],[3],[5],[10],[15],[17]	61,100	[8],[12],[16],[18]
Fair Value		$ 46,875	[2],[3],[5],[10],[15],[17]	$ 45,533	[8],[12],[16],[18]
% of Net Assets		0.38%	[3],[5],[10],[15],[17]	0.31%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO XVIII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	3.39%	[8],[12],[16],[18]
Principal Value		$ 250,000	[3],[5],[10],[15],[17],[27]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		173,136	[1],[3],[5],[10],[15],[17],[27]	190,013	[8],[12],[16],[18]
Fair Value		$ 116,975	[2],[3],[5],[10],[15],[17],[27]	$ 144,187	[8],[12],[16],[18]
% of Net Assets		0.95%	[3],[5],[10],[15],[17],[27]	0.98%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, THL Credit Wind River 2013-1 CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	0%	[8],[12],[16],[18],[28]
Principal Value		$ 325,000	[3],[5],[10],[15],[17],[27]	$ 325,000	[8],[12],[16],[18],[28]
Amortized Cost		199,070	[1],[3],[5],[10],[15],[17],[27]	199,070	[8],[12],[16],[18],[28]
Fair Value		$ 89,993	[2],[3],[5],[10],[15],[17],[27]	$ 103,140	[8],[12],[16],[18],[28]
% of Net Assets		0.73%	[3],[5],[10],[15],[17],[27]	0.70%	[8],[12],[16],[18],[28]
Investment, Identifier [Axis]: Structured Subordinated Notes, Venture XXXIV CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		9.29%	[3],[5],[10],[15],[17],[24]	19.40%	[8],[12],[16],[18]
Principal Value		$ 250,000	[3],[5],[10],[15],[17]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		213,677	[1],[3],[5],[10],[15],[17]	217,261	[8],[12],[16],[18]
Fair Value		$ 178,575	[2],[3],[5],[10],[15],[17]	$ 196,420	[8],[12],[16],[18]
% of Net Assets		1.45%	[3],[5],[10],[15],[17]	1.34%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya CLO 2016-1, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[24],[27]	10.97%	[8],[12],[16],[18]
Principal Value		$ 250,000	[3],[5],[10],[15],[17],[27]	$ 250,000	[8],[12],[16],[18]
Amortized Cost		175,385	[1],[3],[5],[10],[15],[17],[27]	190,279	[8],[12],[16],[18]
Fair Value		$ 137,700	[2],[3],[5],[10],[15],[17],[27]	$ 165,765	[8],[12],[16],[18]
% of Net Assets		1.12%	[3],[5],[10],[15],[17],[27]	1.13%	[8],[12],[16],[18]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya IM CLO 2013-1, Ltd
Schedule of Investments [Line Items]
Investment interest rate		0%	[3],[5],[10],[15],[17],[23],[24],[27]	0.49%	[8],[12],[16],[18],[22]
Principal Value		$ 278,312	[3],[5],[10],[15],[17],[23],[27]	$ 278,312	[8],[12],[16],[18],[22]
Amortized Cost		150,592	[1],[3],[5],[10],[15],[17],[23],[27]	164,330	[8],[12],[16],[18],[22]
Fair Value		$ 103,365	[2],[3],[5],[10],[15],[17],[23],[27]	$ 121,672	[8],[12],[16],[18],[22]
% of Net Assets		0.84%	[3],[5],[10],[15],[17],[23],[27]	0.83%	[8],[12],[16],[18],[22]
[1]See Note 6 for a discussion of the tax cost of the portfolio.[2]Fair value is determined by the Company’s Board of Directors (see Note 2).[3]Security is held by the Company and is pledged as collateral for the Senior Secured Revolving Credit Facility (see Note 10). The fair value of the investments used as collateral by the Company for the Senior Secured Revolving Credit Facility at December 31, 2023 was $16,630,487, representing 100% of our total investments.[4]Syndicated investments which were originated by a financial institution and broadly distributed.[5]The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These securities may be resold only in transactions that are exempt from registration under the Securities Act.[6]See Note 6 for a discussion of the tax cost of the portfolio.[7]Syndicated investments which were originated by a financial institution and broadly distributed.[8]The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These securities may be resold only in transactions that are exempt from registration under the Securities Act.[9]Fair value is determined by the Company’s Board of Directors (see Note 2).[10]Investment(s) is (are) valued using significant unobservable inputs and are categorized as Level 3 investments in accordance with ASC 820. See Notes 2 and 8 within the accompanying notes to the consolidated financial statements.[11]The interest rate on these investments, excluding those on non-accrual, contains a paid in kind ("PIK") provision, whereby the issuer has either the option or the obligation to make interest payments with the issuance of additional securities. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed under the existing credit agreements, as of and for the the six months ended December 31, 2023: Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Aventiv Technologies, LLC - First Lien Term Loan 3.89 % 6.61 % — % (A) Shutterfly Finance, LLC - Second Lien Term Loan 4.00 % — % 4.00 % (A) On December 29, 2023, the Aventive Technologies, LLC First Lien Loan was amended to allow for a portion of interest accruing in cash to be payable in kind. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed under the existing credit agreements, as of and for the year ended June 30, 2023: Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Rising Tide Holdings, Inc. - First Lien Term Loan 3.75 % — % 3.75 % Shutterfly Finance, LLC - Second Lien Term Loan — % 4.00 % 4.00 % Portfolio Company Investment Follow-On Acquisition Dates Follow-On Acquisitions (Excluding initial investment cost) Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.) Senior Secured Loans-First Lien 8/2/2019 908,750 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 Staples, Inc. Senior Secured Loans-First Lien 2/3/2020 980,031 ViaPath Technologies (f/k/a Global Tel*Link Corporation) Senior Secured Loans-First Lien 7/9/2019, 7/16/2019 1,436,250 Voya IM CLO 2013-1, Ltd. Structured Subordinated Notes 10/17/2017, 7/1/2019 20,584 Wellpath Holdings, Inc. (f/k/a Correct Care Solutions Group Holdings, LLC) Senior Secured Loans-First Lien 4/10/2019, 7/25/2019 1,327,000 Portfolio Company Investment Follow-On Acquisition Dates Follow-On Acquisitions (Excluding initial investment cost) Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.) Senior Secured Loans-First Lien 8/2/2019 $ 908,750 CareerBuilder, LLC Senior Secured Loans-First Lien 6/5/2020 690,000 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 Staples, Inc. Senior Secured Loans-First Lien 2/3/2020 980,031 ViaPath Technologies (f/k/a Global Tel*Link Corporation) Senior Secured Loans-First Lien 7/9/2019, 7/16/2019 1,436,250 Voya IM CLO 2013-1, Ltd. Structured Subordinated Notes 10/17/2017, 7/1/2019 20,584 Wellpath Holdings, Inc. (f/k/a Correct Care Solutions Group Holdings, LLC) Senior Secured Loans-First Lien 4/10/2019, 7/25/2019 1,327,000

CONSOLIDATED SCHEDULES OF INV_2

CONSOLIDATED SCHEDULES OF INVESTMENTS (Parenthetical) - USD ($)											3 Months Ended			4 Months Ended	6 Months Ended			12 Months Ended		21 Months Ended
		Dec. 31, 2023		Jun. 30, 2023		Jun. 05, 2020	Feb. 03, 2020	Aug. 02, 2019	Jul. 16, 2019	Feb. 14, 2019	Dec. 31, 2023		Sep. 30, 2023	Jul. 25, 2019	Dec. 31, 2023		Dec. 31, 2022	Jun. 30, 2023		Jul. 02, 2019
Schedule of Investments [Line Items]
Non-qualifying assets as a percentage of total assets		20%		17%							20%				20%			17%
Percentage of total assets at fair value		100%		100%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance													$ 21,915,187		$ 21,915,187
Net unrealized gains (losses)											$ (265,465)				(1,083,478)		$ (1,367,176)
Fair value, ending balance		$ 16,630,487	[1]	$ 21,915,187							16,630,487	[1]			16,630,487	[1]		$ 21,915,187
Interest income											475,158				1,020,274		1,667,174
Net realized gains (losses)											(33)				(215,228)		(147,942)
Affiliate Investments
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance													0		0		0	0
Gross Additions (Cost)													0		0
Gross Reductions (Cost)													0		0
Net unrealized gains (losses)													0		0
Fair value, ending balance		$ 0		0							$ 0				0			0
Interest income													0		0
Dividend income													0		0
Other income													0		0
Net realized gains (losses)													0		$ 0
Investment, Identifier [Axis]: Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.)
Schedule of Investments [Line Items]
Follow-On Acquisitions (Excluding initial investment cost)								$ 908,750
Investment, Identifier [Axis]: Aventiv Technologies, LLC - First Lien Term Loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
PIK Rate - Capitalized		3.89%									3.89%				3.89%
PIK Rate - Paid as cash		6.61%									6.61%				6.61%
Maximum Current PIK Rate		0%									0%				0%
Investment, Identifier [Axis]: CareerBuilder, LLC
Schedule of Investments [Line Items]
Follow-On Acquisitions (Excluding initial investment cost)						$ 690,000
Investment, Identifier [Axis]: Equity, Other - ACON IWP Investors I, L.L.C.
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[4],[5]												465,000		$ 465,000
Fair value, ending balance		$ 603,000	[1],[6],[7],[8],[9],[10]	465,000	[2],[3],[4],[5]						$ 603,000	[1],[6],[7],[8],[9],[10]			603,000	[1],[6],[7],[8],[9],[10]		465,000	[2],[3],[4],[5]
Investment, Identifier [Axis]: Equity, Other - FullBeauty Brands Holding, Common Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[4],[5]												13,096		13,096
Fair value, ending balance		7,879	[1],[6],[7],[8],[9],[10]	13,096	[2],[3],[4],[5]						7,879	[1],[6],[7],[8],[9],[10]			7,879	[1],[6],[7],[8],[9],[10]		13,096	[2],[3],[4],[5]
Investment, Identifier [Axis]: Equity, Other - Rising Tide Holdings, Inc., Common Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[1],[6],[7],[8],[9],[10]	53,825									53,825				53,825
Investment, Identifier [Axis]: Octagon Investment Partners XXI, Ltd.
Schedule of Investments [Line Items]
Follow-On Acquisitions (Excluding initial investment cost)										$ 35,015
Investment, Identifier [Axis]: Placeholder
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance													0		0		$ 0	0
Gross Additions (Cost)													0		0
Gross Reductions (Cost)													0		0
Net unrealized gains (losses)													0		0
Fair value, ending balance		$ 0		$ 0							$ 0				0			$ 0
Interest income													0		0
Dividend income													0		0
Other income													0		0
Net realized gains (losses)													0		0
Investment, Identifier [Axis]: Rising Tide Holdings, Inc. - First Lien Term Loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
PIK Rate - Capitalized				3.75%														3.75%
PIK Rate - Paid as cash				0%														0%
Maximum Current PIK Rate				3.75%														3.75%
Investment, Identifier [Axis]: Senior Secured Loans, Research Now Group, LLC
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13]			10.80%														10.80%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14]												1,797,820		1,797,820
Fair value, ending balance	[3],[5],[11],[12],[14]			$ 1,797,820														$ 1,797,820
Investment, Identifier [Axis]: Senior Secured Loans, Viapath Technologies
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13],[15]			9.45%														9.45%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14],[15]												405,431		405,431
Fair value, ending balance	[3],[5],[11],[12],[14],[15]			$ 405,431														$ 405,431
Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13],[15]			10.23%														10.23%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14],[15]												1,918,782		$ 1,918,782
Fair value, ending balance	[3],[5],[11],[12],[14],[15]			$ 1,918,782														$ 1,918,782
Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.)
Schedule of Investments [Line Items]
Investment interest rate	[6],[8],[9],[16],[17],[18]	10.89%									10.89%				10.89%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[1],[6],[8],[9],[16],[17],[19]	$ 1,611,538									$ 1,611,538				$ 1,611,538
Investment, Identifier [Axis]: Senior Secured Loans, BCPE North Star US Holdco 2
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13]			9.54%														9.54%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14]												920,151		$ 920,151
Fair value, ending balance	[3],[5],[11],[12],[14]			$ 920,151														$ 920,151
Investment, Identifier [Axis]: Senior Secured Loans, BCPE North Star US Holdco 2, Inc.
Schedule of Investments [Line Items]
Investment interest rate	[6],[8],[9],[17],[18]	9.47%									9.47%				9.47%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[1],[6],[8],[9],[17]	$ 927,178									$ 927,178				$ 927,178
Investment, Identifier [Axis]: Senior Secured Loans, CareerBuilder, LLC
Schedule of Investments [Line Items]
Investment interest rate		12.36%	[6],[8],[9],[16],[17],[18]	12.51%	[3],[5],[11],[12],[13],[15]						12.36%	[6],[8],[9],[16],[17],[18]			12.36%	[6],[8],[9],[16],[17],[18]		12.51%	[3],[5],[11],[12],[13],[15]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14],[15]												499,544		$ 499,544
Fair value, ending balance		$ 379,399	[1],[6],[8],[9],[16],[17]	$ 499,544	[3],[5],[11],[12],[14],[15]						$ 379,399	[1],[6],[8],[9],[16],[17]			$ 379,399	[1],[6],[8],[9],[16],[17]		$ 499,544	[3],[5],[11],[12],[14],[15]
Investment, Identifier [Axis]: Senior Secured Loans, DRI Holding Inc
Schedule of Investments [Line Items]
Investment interest rate		10.71%	[6],[8],[9],[17],[18]	10.45%	[3],[5],[11],[12],[13]						10.71%	[6],[8],[9],[17],[18]			10.71%	[6],[8],[9],[17],[18]		10.45%	[3],[5],[11],[12],[13]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14]												971,690		$ 971,690
Fair value, ending balance		$ 972,576	[1],[6],[8],[9],[17]	$ 971,690	[3],[5],[11],[12],[14]						$ 972,576	[1],[6],[8],[9],[17]			$ 972,576	[1],[6],[8],[9],[17]		$ 971,690	[3],[5],[11],[12],[14]
Investment, Identifier [Axis]: Senior Secured Loans, DTI Holdco, Inc.
Schedule of Investments [Line Items]
Investment interest rate		10.13%	[6],[8],[9],[17],[18]	9.80%	[3],[5],[11],[12],[13]						10.13%	[6],[8],[9],[17],[18]			10.13%	[6],[8],[9],[17],[18]		9.80%	[3],[5],[11],[12],[13]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14]												710,099		$ 710,099
Fair value, ending balance		$ 736,903	[1],[6],[8],[9],[17]	$ 710,099	[3],[5],[11],[12],[14]						$ 736,903	[1],[6],[8],[9],[17]			736,903	[1],[6],[8],[9],[17]		$ 710,099	[3],[5],[11],[12],[14]
Investment, Identifier [Axis]: Senior Secured Loans, First Brands Group
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13]			10.25%														10.25%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14]												470,696		470,696
Fair value, ending balance	[3],[5],[11],[12],[14]			$ 470,696														$ 470,696
Investment, Identifier [Axis]: Senior Secured Loans, PetVet Care Centers, LLC
Schedule of Investments [Line Items]
Investment interest rate	[5],[11],[12],[13],[20]			8.69%														8.69%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[5],[11],[12],[14],[20]												467,003		467,003
Fair value, ending balance	[5],[11],[12],[14],[20]			$ 467,003														$ 467,003
Investment, Identifier [Axis]: Senior Secured Loans, RC Buyer, Inc
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13]			9%														9%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14]												678,492		$ 678,492
Fair value, ending balance	[3],[5],[11],[12],[14]			$ 678,492														$ 678,492
Investment, Identifier [Axis]: Senior Secured Loans, Research Now Group and Dynata LLC
Schedule of Investments [Line Items]
Investment interest rate	[6],[8],[9],[17],[18]	11.14%									11.14%				11.14%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[1],[6],[8],[9],[17]	$ 1,542,206									$ 1,542,206				$ 1,542,206
Investment, Identifier [Axis]: Senior Secured Loans, Rising Tide Holdings, Inc.
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13],[21]			10.26%														10.26%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14],[21]												669,880		$ 669,880
Fair value, ending balance	[3],[5],[11],[12],[14],[21]			$ 669,880														$ 669,880
Investment, Identifier [Axis]: Senior Secured Loans, Sorenson Communications, LLC
Schedule of Investments [Line Items]
Investment interest rate		10.97%	[6],[8],[9],[17],[18]	10.69%	[3],[5],[11],[12],[13]						10.97%	[6],[8],[9],[17],[18]			10.97%	[6],[8],[9],[17],[18]		10.69%	[3],[5],[11],[12],[13]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14]												1,062,278		$ 1,062,278
Fair value, ending balance		$ 995,092	[1],[6],[8],[9],[17]	$ 1,062,278	[3],[5],[11],[12],[14]						$ 995,092	[1],[6],[8],[9],[17]			$ 995,092	[1],[6],[8],[9],[17]		$ 1,062,278	[3],[5],[11],[12],[14]
Investment, Identifier [Axis]: Senior Secured Loans, Staples, Inc.
Schedule of Investments [Line Items]
Investment interest rate		10.47%	[8],[9],[16],[17],[18],[22]	10.30%	[5],[11],[12],[13],[15],[20]						10.47%	[8],[9],[16],[17],[18],[22]			10.47%	[8],[9],[16],[17],[18],[22]		10.30%	[5],[11],[12],[13],[15],[20]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[5],[11],[12],[14],[15],[20]												1,662,469		$ 1,662,469
Fair value, ending balance		$ 953,244	[1],[8],[9],[16],[17],[22]	$ 1,662,469	[5],[11],[12],[14],[15],[20]						$ 953,244	[1],[8],[9],[16],[17],[22]			953,244	[1],[8],[9],[16],[17],[22]		$ 1,662,469	[5],[11],[12],[14],[15],[20]
Investment, Identifier [Axis]: Senior Secured Loans, Upstream Newco, Inc.
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13]			9.75%														9.75%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14]												1,179,920		$ 1,179,920
Fair value, ending balance	[3],[5],[11],[12],[14]			$ 1,179,920														$ 1,179,920
Investment, Identifier [Axis]: Senior Secured Loans, ViaPath Technologies
Schedule of Investments [Line Items]
Investment interest rate	[6],[8],[9],[16],[17],[18]	9.78%									9.78%				9.78%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[1],[6],[8],[9],[16],[17]	$ 406,766									$ 406,766				$ 406,766
Investment, Identifier [Axis]: Senior Secured Loans, Wellpath Holdings, Inc.
Schedule of Investments [Line Items]
Investment interest rate		11.32%	[6],[8],[9],[16],[17],[18]	10.98%	[3],[5],[11],[12],[13],[15]						11.32%	[6],[8],[9],[16],[17],[18]			11.32%	[6],[8],[9],[16],[17],[18]		10.98%	[3],[5],[11],[12],[13],[15]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14],[15]												1,948,131		$ 1,948,131
Fair value, ending balance		$ 1,991,623	[1],[6],[8],[9],[16],[17]	$ 1,948,131	[3],[5],[11],[12],[14],[15]						$ 1,991,623	[1],[6],[8],[9],[16],[17]			$ 1,991,623	[1],[6],[8],[9],[16],[17]		$ 1,948,131	[3],[5],[11],[12],[14],[15]
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance
Schedule of Investments [Line Items]
Investment interest rate	[6],[8],[9],[17],[18],[19]	6.35%									6.35%				6.35%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[1],[6],[8],[9],[17],[19]	$ 1,398,761									$ 1,398,761				$ 1,398,761
Maximum Current PIK Rate	[6],[8],[9],[17],[18],[19]	4%									4%				4%
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance, LLC
Schedule of Investments [Line Items]
Investment interest rate	[3],[5],[11],[12],[13],[21]			10.24%														10.24%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[5],[11],[12],[14],[21]												1,416,049		$ 1,416,049
Fair value, ending balance	[3],[5],[11],[12],[14],[21]			$ 1,416,049														$ 1,416,049
Maximum Current PIK Rate	[3],[5],[11],[12],[13],[21]
Investment, Identifier [Axis]: Senior Secured Notes, CURO Group Holdings Corp.
Schedule of Investments [Line Items]
Investment interest rate		7.50%	[6],[8],[9],[10],[18]	7.50%	[2],[3],[13]						7.50%	[6],[8],[9],[10],[18]			7.50%	[6],[8],[9],[10],[18]		7.50%	[2],[3],[13]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[14]												271,899		$ 271,899
Fair value, ending balance		$ 288,075	[1],[6],[8],[9],[10]	$ 271,899	[2],[3],[14]						$ 288,075	[1],[6],[8],[9],[10]			$ 288,075	[1],[6],[8],[9],[10]		$ 271,899	[2],[3],[14]
Investment, Identifier [Axis]: Shutterfly Finance, LLC - Second Lien Term Loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
PIK Rate - Capitalized		4%		0%							4%				4%			0%
PIK Rate - Paid as cash		0%		4%							0%				0%			4%
Maximum Current PIK Rate		4%		4%							4%				4%			4%
Investment, Identifier [Axis]: Staples, Inc.
Schedule of Investments [Line Items]
Follow-On Acquisitions (Excluding initial investment cost)							$ 980,031
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXIV
Schedule of Investments [Line Items]
Investment interest rate		21.51%	[6],[8],[9],[10],[18],[23]	26.91%	[2],[3],[5],[13],[24]						21.51%	[6],[8],[9],[10],[18],[23]			21.51%	[6],[8],[9],[10],[18],[23]		26.91%	[2],[3],[5],[13],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24]												163,123		$ 163,123
Fair value, ending balance		$ 156,925	[1],[6],[8],[9],[10],[23]	$ 163,123	[2],[3],[5],[14],[24]						$ 156,925	[1],[6],[8],[9],[10],[23]			$ 156,925	[1],[6],[8],[9],[10],[23]		$ 163,123	[2],[3],[5],[14],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXVI
Schedule of Investments [Line Items]
Investment interest rate		2.32%	[6],[8],[9],[10],[18],[23]	12.85%	[2],[3],[5],[13],[24]						2.32%	[6],[8],[9],[10],[18],[23]			2.32%	[6],[8],[9],[10],[18],[23]		12.85%	[2],[3],[5],[13],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24]												164,613		$ 164,613
Fair value, ending balance		$ 142,350	[1],[6],[8],[9],[10],[23]	$ 164,613	[2],[3],[5],[14],[24]						$ 142,350	[1],[6],[8],[9],[10],[23]			$ 142,350	[1],[6],[8],[9],[10],[23]		$ 164,613	[2],[3],[5],[14],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, California CLO IX, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		20.11%	[6],[8],[9],[10],[18],[23]	24.51%	[2],[3],[5],[13],[24]						20.11%	[6],[8],[9],[10],[18],[23]			20.11%	[6],[8],[9],[10],[18],[23]		24.51%	[2],[3],[5],[13],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24]												240,926		$ 240,926
Fair value, ending balance		$ 233,950	[1],[6],[8],[9],[10],[23]	$ 240,926	[2],[3],[5],[14],[24]						$ 233,950	[1],[6],[8],[9],[10],[23]			$ 233,950	[1],[6],[8],[9],[10],[23]		$ 240,926	[2],[3],[5],[14],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2014-4-R, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		2.83%	[6],[8],[9],[10],[18],[23]	13.21%	[2],[3],[5],[13],[24]						2.83%	[6],[8],[9],[10],[18],[23]			2.83%	[6],[8],[9],[10],[18],[23]		13.21%	[2],[3],[5],[13],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24]												154,469		$ 154,469
Fair value, ending balance		$ 133,775	[1],[6],[8],[9],[10],[23]	$ 154,469	[2],[3],[5],[14],[24]						$ 133,775	[1],[6],[8],[9],[10],[23]			$ 133,775	[1],[6],[8],[9],[10],[23]		$ 154,469	[2],[3],[5],[14],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2017-5, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	5.14%	[2],[3],[5],[13],[24]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		5.14%	[2],[3],[5],[13],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24]												319,644		$ 319,644
Fair value, ending balance		$ 299,200	[1],[6],[8],[9],[10],[23],[25]	$ 319,644	[2],[3],[5],[14],[24]						$ 299,200	[1],[6],[8],[9],[10],[23],[25]			$ 299,200	[1],[6],[8],[9],[10],[23],[25]		$ 319,644	[2],[3],[5],[14],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Galaxy XIX CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	12.16%	[2],[3],[5],[13],[24]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		12.16%	[2],[3],[5],[13],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24]												126,513		$ 126,513
Fair value, ending balance		$ 114,800	[1],[6],[8],[9],[10],[23],[25]	$ 126,513	[2],[3],[5],[14],[24]						$ 114,800	[1],[6],[8],[9],[10],[23],[25]			$ 114,800	[1],[6],[8],[9],[10],[23],[25]		$ 126,513	[2],[3],[5],[14],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, GoldenTree Loan Opportunities IX, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	0%	[2],[3],[5],[13],[24]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		0%	[2],[3],[5],[13],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24]												116,952		$ 116,952
Fair value, ending balance		$ 89,150	[1],[6],[8],[9],[10],[23],[25]	$ 116,952	[2],[3],[5],[14],[24]						$ 89,150	[1],[6],[8],[9],[10],[23],[25]			$ 89,150	[1],[6],[8],[9],[10],[23],[25]		$ 116,952	[2],[3],[5],[14],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0.33%	[6],[8],[9],[10],[18],[23]	0%	[2],[3],[5],[13],[24],[26]						0.33%	[6],[8],[9],[10],[18],[23]			0.33%	[6],[8],[9],[10],[18],[23]		0%	[2],[3],[5],[13],[24],[26]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24],[26]												110,817		$ 110,817
Fair value, ending balance		$ 92,200	[1],[6],[8],[9],[10],[23]	$ 110,817	[2],[3],[5],[14],[24],[26]						$ 92,200	[1],[6],[8],[9],[10],[23]			$ 92,200	[1],[6],[8],[9],[10],[23]		$ 110,817	[2],[3],[5],[14],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		9.10%	[6],[8],[9],[10],[18],[23]	19.33%	[2],[3],[5],[13],[24]						9.10%	[6],[8],[9],[10],[18],[23]			9.10%	[6],[8],[9],[10],[18],[23]		19.33%	[2],[3],[5],[13],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24]												152,446		$ 152,446
Fair value, ending balance		$ 147,425	[1],[6],[8],[9],[10],[23]	$ 152,446	[2],[3],[5],[14],[24]						$ 147,425	[1],[6],[8],[9],[10],[23]			$ 147,425	[1],[6],[8],[9],[10],[23]		$ 152,446	[2],[3],[5],[14],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, OZLM XII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	0%	[2],[3],[5],[24],[26]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		0%	[2],[3],[5],[24],[26]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24],[26]												0		$ 0
Fair value, ending balance		$ 0	[1],[6],[8],[9],[10],[23],[25]	$ 0	[2],[3],[5],[24],[26]						$ 0	[1],[6],[8],[9],[10],[23],[25]			$ 0	[1],[6],[8],[9],[10],[23],[25]		$ 0	[2],[3],[5],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 30, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	3.12%	[2],[3],[5],[24]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		3.12%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												284,479		$ 284,479
Fair value, ending balance		$ 250,373	[1],[6],[8],[9],[10],[23],[25]	$ 284,479	[2],[3],[5],[24]						$ 250,373	[1],[6],[8],[9],[10],[23],[25]			$ 250,373	[1],[6],[8],[9],[10],[23],[25]		$ 284,479	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 31, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		3.91%	[6],[8],[9],[10],[18],[23]	13.52%	[2],[3],[5],[24]						3.91%	[6],[8],[9],[10],[18],[23]			3.91%	[6],[8],[9],[10],[18],[23]		13.52%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												138,013		$ 138,013
Fair value, ending balance		$ 113,925	[1],[6],[8],[9],[10],[23]	$ 138,013	[2],[3],[5],[24]						$ 113,925	[1],[6],[8],[9],[10],[23]			$ 113,925	[1],[6],[8],[9],[10],[23]		$ 138,013	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 36, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		7.26%	[6],[8],[9],[10],[18],[23]	19.80%	[2],[3],[5],[24]						7.26%	[6],[8],[9],[10],[18],[23]			7.26%	[6],[8],[9],[10],[18],[23]		19.80%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												320,718		$ 320,718
Fair value, ending balance		$ 298,050	[1],[6],[8],[9],[10],[23]	$ 320,718	[2],[3],[5],[24]						$ 298,050	[1],[6],[8],[9],[10],[23]			$ 298,050	[1],[6],[8],[9],[10],[23]		$ 320,718	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 39, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		12.20%	[6],[8],[9],[10],[18]	22.80%	[2],[3],[5],[24]						12.20%	[6],[8],[9],[10],[18]			12.20%	[6],[8],[9],[10],[18]		22.80%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												196,987		$ 196,987
Fair value, ending balance		$ 192,000	[1],[6],[8],[9],[10]	$ 196,987	[2],[3],[5],[24]						$ 192,000	[1],[6],[8],[9],[10]			$ 192,000	[1],[6],[8],[9],[10]		$ 196,987	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XIV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	0%	[2],[3],[5],[13],[24],[26]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		0%	[2],[3],[5],[13],[24],[26]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[14],[24],[26]												231,504		$ 231,504
Fair value, ending balance		$ 117,385	[1],[6],[8],[9],[10],[23],[25]	$ 231,504	[2],[3],[5],[14],[24],[26]						$ 117,385	[1],[6],[8],[9],[10],[23],[25]			$ 117,385	[1],[6],[8],[9],[10],[23],[25]		$ 231,504	[2],[3],[5],[14],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	11.77%	[2],[3],[5],[24]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		11.77%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												244,193		$ 244,193
Fair value, ending balance		$ 203,800	[1],[6],[8],[9],[10],[23],[25]	$ 244,193	[2],[3],[5],[24]						$ 203,800	[1],[6],[8],[9],[10],[23],[25]			$ 203,800	[1],[6],[8],[9],[10],[23],[25]		$ 244,193	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XXI,Ltd.
Schedule of Investments [Line Items]
Investment interest rate		11.39%	[6],[8],[9],[10],[16],[18],[23]	18.87%	[2],[3],[5],[15],[24]						11.39%	[6],[8],[9],[10],[16],[18],[23]			11.39%	[6],[8],[9],[10],[16],[18],[23]		18.87%	[2],[3],[5],[15],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[15],[24]												188,503		$ 188,503
Fair value, ending balance		$ 177,531	[1],[6],[8],[9],[10],[16],[23]	$ 188,503	[2],[3],[5],[15],[24]						$ 177,531	[1],[6],[8],[9],[10],[16],[23]			$ 177,531	[1],[6],[8],[9],[10],[16],[23]		$ 188,503	[2],[3],[5],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO II, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	0%	[2],[3],[5],[24],[26]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		0%	[2],[3],[5],[24],[26]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24],[26]												456,140		$ 456,140
Fair value, ending balance		$ 326,100	[1],[6],[8],[9],[10],[23],[25]	$ 456,140	[2],[3],[5],[24],[26]						$ 326,100	[1],[6],[8],[9],[10],[23],[25]			$ 326,100	[1],[6],[8],[9],[10],[23],[25]		$ 456,140	[2],[3],[5],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO VII-R, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		4.09%	[6],[8],[9],[10],[18],[23]	15.65%	[2],[3],[5],[24]						4.09%	[6],[8],[9],[10],[18],[23]			4.09%	[6],[8],[9],[10],[18],[23]		15.65%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												45,533		$ 45,533
Fair value, ending balance		$ 46,875	[1],[6],[8],[9],[10],[23]	$ 45,533	[2],[3],[5],[24]						$ 46,875	[1],[6],[8],[9],[10],[23]			$ 46,875	[1],[6],[8],[9],[10],[23]		$ 45,533	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO XVIII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	3.39%	[2],[3],[5],[24]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		3.39%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												144,187		$ 144,187
Fair value, ending balance		$ 116,975	[1],[6],[8],[9],[10],[23],[25]	$ 144,187	[2],[3],[5],[24]						$ 116,975	[1],[6],[8],[9],[10],[23],[25]			$ 116,975	[1],[6],[8],[9],[10],[23],[25]		$ 144,187	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, THL Credit Wind River 2013-1 CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	0%	[2],[3],[5],[24],[26]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		0%	[2],[3],[5],[24],[26]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24],[26]												103,140		$ 103,140
Fair value, ending balance		$ 89,993	[1],[6],[8],[9],[10],[23],[25]	$ 103,140	[2],[3],[5],[24],[26]						$ 89,993	[1],[6],[8],[9],[10],[23],[25]			$ 89,993	[1],[6],[8],[9],[10],[23],[25]		$ 103,140	[2],[3],[5],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Venture XXXIV CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		9.29%	[6],[8],[9],[10],[18],[23]	19.40%	[2],[3],[5],[24]						9.29%	[6],[8],[9],[10],[18],[23]			9.29%	[6],[8],[9],[10],[18],[23]		19.40%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												196,420		$ 196,420
Fair value, ending balance		$ 178,575	[1],[6],[8],[9],[10],[23]	$ 196,420	[2],[3],[5],[24]						$ 178,575	[1],[6],[8],[9],[10],[23]			$ 178,575	[1],[6],[8],[9],[10],[23]		$ 196,420	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya CLO 2016-1, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[18],[23],[25]	10.97%	[2],[3],[5],[24]						0%	[6],[8],[9],[10],[18],[23],[25]			0%	[6],[8],[9],[10],[18],[23],[25]		10.97%	[2],[3],[5],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[24]												165,765		$ 165,765
Fair value, ending balance		$ 137,700	[1],[6],[8],[9],[10],[23],[25]	$ 165,765	[2],[3],[5],[24]						$ 137,700	[1],[6],[8],[9],[10],[23],[25]			$ 137,700	[1],[6],[8],[9],[10],[23],[25]		$ 165,765	[2],[3],[5],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya IM CLO 2013-1, Ltd
Schedule of Investments [Line Items]
Investment interest rate		0%	[6],[8],[9],[10],[16],[18],[23],[25]	0.49%	[2],[3],[5],[15],[24]						0%	[6],[8],[9],[10],[16],[18],[23],[25]			0%	[6],[8],[9],[10],[16],[18],[23],[25]		0.49%	[2],[3],[5],[15],[24]
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[2],[3],[5],[15],[24]												$ 121,672		$ 121,672
Fair value, ending balance		$ 103,365	[1],[6],[8],[9],[10],[16],[23],[25]	$ 121,672	[2],[3],[5],[15],[24]						$ 103,365	[1],[6],[8],[9],[10],[16],[23],[25]			$ 103,365	[1],[6],[8],[9],[10],[16],[23],[25]		$ 121,672	[2],[3],[5],[15],[24]
Investment, Identifier [Axis]: ViaPath Technologies (f/k/a Global Tel*Link Corporation)
Schedule of Investments [Line Items]
Follow-On Acquisitions (Excluding initial investment cost)									$ 1,436,250
Investment, Identifier [Axis]: Voya IM CLO 2013-1, Ltd.
Schedule of Investments [Line Items]
Follow-On Acquisitions (Excluding initial investment cost)																				$ 20,584
Investment, Identifier [Axis]: Wellpath Holdings, Inc. (f/k/a Correct Care Solutions Group Holdings, LLC)
Schedule of Investments [Line Items]
Follow-On Acquisitions (Excluding initial investment cost)														$ 1,327,000
Net Assets | Investments Held Benchmark | Product Concentration Risk
Schedule of Investments [Line Items]
Percentage of total assets at fair value													74%		100%
Revolving Credit Facility | Credit Facility
Schedule of Investments [Line Items]
Collateralized financings		0		$ 16,278,891							0				$ 0			$ 16,278,891
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance		$ 16,630,487									$ 16,630,487				$ 16,630,487
Revolving Credit Facility | Credit Facility | Net Assets | Investments Held Benchmark | Product Concentration Risk
Schedule of Investments [Line Items]
Percentage of total assets at fair value											0%							74%
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]Indicates assets that the Company believes do not represent “qualifying assets” under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. Of the Company’s total investments as of June 30, 2023, 17% are non-qualifying assets as a percentage of total assets.[3]Investment(s) is (are) valued using significant unobservable inputs and are categorized as Level 3 investments in accordance with ASC 820. See Notes 3 and 9 within the accompanying notes to the consolidated financial statements.[4]Represents non-income producing security that has not paid interest or dividends in the year preceding the reporting date.[5]The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These securities may be resold only in transactions that are exempt from registration under the Securities Act.[6]Investment(s) is (are) valued using significant unobservable inputs and are categorized as Level 3 investments in accordance with ASC 820. See Notes 2 and 8 within the accompanying notes to the consolidated financial statements.[7]Represents non-income producing security that has not paid interest or dividends in the year preceding the reporting date.[8]Security is held by the Company and is pledged as collateral for the Senior Secured Revolving Credit Facility (see Note 10). The fair value of the investments used as collateral by the Company for the Senior Secured Revolving Credit Facility at December 31, 2023 was $16,630,487, representing 100% of our total investments.[9]The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These securities may be resold only in transactions that are exempt from registration under the Securities Act.[10]ndicates assets that the Company believes do not represent “qualifying assets” under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. Of the Company’s total investments as of December 31, 2023, 20% are non-qualifying assets as a percentage of total assets.[11]Security is held by Prospect Flexible Funding, LLC, our SPV, and is pledged as collateral for the Credit Facility and such security is not available as collateral to our general creditors (see Note 10). The fair values of the investments held by the SPV at June 30, 2023 was $16,278,891 representing 74% of our total investments.[12]Syndicated investments which were originated by a financial institution and broadly distributed.[13]The majority of the investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate ("LIBOR" or "L") or Secured Overnight Financing Rate ("SOFR") which resets monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over LIBOR, SOFR or the prime lending rate ("Prime") and the current contractual interest rate in effect at June 30, 2023. Certain investments are subject to a LIBOR, SOFR or Prime interest rate floor. The one-month ("1ML"), three-month ("3ML"), and six-month ("6ML") LIBOR rates are based on the applicable LIBOR rate for each investment on its reset date. The one-month ("1M SOFR") and three-month ("3M SOFR") SOFR rates are based on the applicable SOFR rate for each investment on its reset date.[14]Fair value is determined by the Company’s Board of Directors (see Note 2).[15]Acquisition date represents the date of the Company's initial investment. Follow-on acquisitions have occurred on the following dates to arrive at the Company's current investment (excluding effects of capitalized PIK interest, premium/original issue discount amortization/accretion, and partial repayments): Portfolio Company Investment Follow-On Acquisition Dates Follow-On Acquisitions (Excluding initial investment cost) Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.) Senior Secured Loans-First Lien 8/2/2019 908,750 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 Staples, Inc. Senior Secured Loans-First Lien 2/3/2020 980,031 ViaPath Technologies (f/k/a Global Tel*Link Corporation) Senior Secured Loans-First Lien 7/9/2019, 7/16/2019 1,436,250 Voya IM CLO 2013-1, Ltd. Structured Subordinated Notes 10/17/2017, 7/1/2019 20,584 Wellpath Holdings, Inc. (f/k/a Correct Care Solutions Group Holdings, LLC) Senior Secured Loans-First Lien 4/10/2019, 7/25/2019 1,327,000 Portfolio Company Investment Follow-On Acquisition Dates Follow-On Acquisitions (Excluding initial investment cost) Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.) Senior Secured Loans-First Lien 8/2/2019 $ 908,750 CareerBuilder, LLC Senior Secured Loans-First Lien 6/5/2020 690,000 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 Staples, Inc. Senior Secured Loans-First Lien 2/3/2020 980,031 ViaPath Technologies (f/k/a Global Tel*Link Corporation) Senior Secured Loans-First Lien 7/9/2019, 7/16/2019 1,436,250 Voya IM CLO 2013-1, Ltd. Structured Subordinated Notes 10/17/2017, 7/1/2019 20,584 Wellpath Holdings, Inc. (f/k/a Correct Care Solutions Group Holdings, LLC) Senior Secured Loans-First Lien 4/10/2019, 7/25/2019 1,327,000 Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Aventiv Technologies, LLC - First Lien Term Loan 3.89 % 6.61 % — % (A) Shutterfly Finance, LLC - Second Lien Term Loan 4.00 % — % 4.00 % (A) On December 29, 2023, the Aventive Technologies, LLC First Lien Loan was amended to allow for a portion of interest accruing in cash to be payable in kind. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed under the existing credit agreements, as of and for the year ended June 30, 2023: Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Rising Tide Holdings, Inc. - First Lien Term Loan 3.75 % — % 3.75 % Shutterfly Finance, LLC - Second Lien Term Loan — % 4.00 % 4.00 %

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NATURE OF OPERATIONS Prospect Floating Rate and Alternative Income Fund, Inc. (the “Company”, “PFLOAT”, “our”, “us”, “we”), incorporated in Maryland on April 29, 2011, is an externally managed, non-diversified, closed-end 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”). Our investment objective is to generate current income and, as a secondary objective, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. Under normal market conditions, we will invest at least 80% of our net assets (plus any borrowings for investment purposes) in floating rate loans and other income producing investments. We intend to meet our investment objective by primarily lending to and investing in the debt of privately-owned U.S. middle market companies, which we define as companies with annual revenue between $50 million and $2.5 billion. We expect that at least 70% of our portfolio of investments will consist primarily of directly originated or syndicated senior secured first lien loans, directly originated or syndicated senior secured second lien loans, and to a lesser extent, subordinated debt, and that up to 30% of our portfolio of investments will consist of other securities, including private equity (both common and preferred), dividend-paying equity, royalties, and the equity and junior debt tranches of a type of pools of broadly syndicated loans known as collateralized loan obligations (“CLOs”), which we also refer to as subordinated structured notes (“SSNs”). Pursuant to our Articles of Incorporation, as amended, restated and supplemented, the Company is authorized to issue 75,000,000 shares of common stock with a par value of $0.001 per share. Additionally, the Company is authorized to issue 25,000,000 shares of preferred stock with a par value of $0.001 per share. The Company previously offered for sale a maximum of $300,000,000 of shares of common stock on a “best efforts” basis pursuant to a registration statement on Form N-2 filed with the Securities and Exchange Commission (“SEC”) under the Securities Act of 1933, as amended (the "Securities Act"), which first became effective on September 4, 2012 (the “Offering”). On June 25, 2014, the Company met its minimum offering requirement of $2,500,000 and released all shares held in escrow. On and effective February 19, 2021, the Company terminated the Offering and, as a result, the Company's Amended and Restated Dealer Manager Agreement, dated August 6, 2020, with Triton Pacific Securities, LLC (“TPS”) terminated in accordance with its terms and TPS ceased serving as the Company's dealer manager effective as of such date. Effective September 19, 2022, the Company engaged Preferred Capital Securities, LLC (“PCS”) as the Company’s dealer manager for the Company’s offering to “accredited investors” (within the meaning of Rule 501(a) under the Securities Act) of shares of its common stock (the “Private Offering”) on the terms and conditions set forth in the Company’s confidential private placement memorandum. The Company is relying on the exemption provided by Rule 506(b) of Regulation D and Section 4(a)(2) of the Securities Act in connection with the Private Offering. On September 13, 2023, the Company filed with the SEC an initial registration statement on Form N-2 for the offer and sale of up to $300,000,000 shares of its Class S, Class D and Class I common stock (the “Multi-Class Offering”). In connection with the Multi-Class Offering, the Company intends to authorize the issuance of separate classes of its common stock and designate such classes Class S, Class D and Class I common stock, respectively (the "Common Stock"). The registration statement has not been declared effective by the SEC and no Common Stock may be sold in connection with the Multi-Class Offering until such registration statement is declared effective by the SEC. On March 31, 2019, Pathway Capital Opportunity Fund, Inc. (“PWAY”) merged with and into us (the “Merger”). As the combined surviving company, we were renamed TP Flexible Income Fund, Inc. (we were formerly known as Triton Pacific Investment Corporation, Inc. (“TPIC”)). In connection with the Merger, Prospect Flexible Income Management, LLC (“PFIM”), an affiliate of PWAY, became our investment adviser, and Prospect Administration LLC (the "Administrator"), an affiliate of PFIM and our new investment advisor, Prospect Capital Management L.P. (the “Adviser”), became our administrator. On and effective August 5, 2020, the Company changed its name to Prospect Flexible Income Fund, Inc. from TP Flexible Income Fund, Inc. by filing Articles of Amendment to its Fourth Articles of Amendment and Restatement, as amended and supplemented. On and effective January 10, 2022, the Company changed its name to Prospect Sustainable Income Fund, Inc. from Prospect Flexible Income Fund, Inc. To effectuate the name change, the Company filed Articles of Amendment to its Fourth Articles of Amendment and Restated, as amended and supplemented, and amended and restated its Second Amended and Restated Bylaws. On and effective September 16, 2022, the Company changed its name to Prospect Floating Rate and Alternative Income Fund, Inc. from Prospect Sustainable Income Fund, Inc. by filing Articles of Amendment to its Fourth Articles of Amendment and Restatement, as amended and supplemented, and amended and restated its Third Amended and Restated Bylaws. On April 20, 2021, we entered into an investment advisory agreement (the “Investment Advisory Agreement”) with the Adviser, which was approved by our Board of Directors, including by all of the directors who are not “interested persons” (as defined in the 1940 Act). Our stockholders approved the Investment Advisory Agreement at a Special Meeting of Stockholders held on March 31, 2021. The Investment Advisory Agreement replaced our prior investment advisory agreement, dated March 31, 2019 (the “Former Investment Advisory Agreement”), with PFIM, our former investment adviser, which terminated effective April 20, 2021. The Investment Advisory Agreement is identical in all material respects to the Former Investment Advisory Agreement, except for its date of effectiveness, term and the Adviser serving as our investment adviser instead of PFIM. As such, the Former Investment Advisory Agreement and the Investment Advisory Agreement contain the same terms, provisions, conditions and fee rates, and provide for the same management services to be conducted by the Adviser as were conducted by PFIM. On November 5, 2021, we amended and restated the Investment Advisory Agreement (the “Amended and Restated Advisory Agreement”) to reduce the advisory fees payable thereunder, effective as of January 1, 2022 and until the one year anniversary of the listing of our common stock on a national securities exchange. The Amended and Restated Advisory Agreement was unanimously approved by our Board of Directors, including by all of the directors who are not “interested persons” (as defined in the 1940 Act), and became effective on January 1, 2022. The Amended and Restated Advisory Agreement was most recently approved by our Board of Directors, including all of our directors who are not “interested persons” (as defined in the 1940 Act), on June 15, 2023. See “Note 4 - Related Party Transactions and Arrangements - Investment Advisory Agreement” for additional information. The Adviser was formed in Delaware as a private investment management firm and is registered as an investment adviser with the SEC under the Investment Advisers Act of 1940, as amended, or the Advisers Act. The Adviser oversees the management of our activities and is responsible for making the investment decisions with respect to our investment portfolio, subject to the oversight of our Board of Directors. On May 16, 2019, we formed a wholly-owned subsidiary, TP Flexible Funding, LLC (the “SPV”), a Delaware limited liability company and a bankruptcy remote special purpose entity, which holds certain of our portfolio loan investments that were used as collateral for the Credit Facility (as defined in Note 10) at the SPV. This subsidiary has been consolidated since operations commenced. On and effective August 5, 2020, the Company changed the name of the SPV to Prospect Flexible Funding, LLC.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation. The accompanying interim consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and pursuant to the requirements for reporting on Form 10-Q, ASC 946, Financial Services—Investment Companies (“ASC 946”), and Articles 6 and 10 of Regulation S-X. Accordingly, certain disclosures accompanying the annual consolidated financial statements prepared in accordance with GAAP are omitted. The current period’s results of operations will not necessarily be indicative of results that ultimately may be achieved for the fiscal year ending June 30, 2024. Our consolidated financial statements include the accounts of PFLOAT and the SPV. All intercompany balances and transactions have been eliminated in consolidation. Management Estimates and Assumptions. The preparation of the consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of income, expenses, and gains and losses during the reported period. Changes in the economic environment, financial markets, creditworthiness of the issuers of our investment portfolio and any other parameters used in determining these estimates could cause actual results to differ, and these differences could be material. Cash, Cash Equivalents and Restricted Cash. All cash and restricted cash balances are maintained with high credit quality financial institutions. Cash, cash equivalents and restricted cash consist of demand deposits and highly liquid investments (e.g., U.S. treasury notes) with original maturities of three months or less. Cash held at financial institutions has exceeded the Federal Deposit Insurance Corporation ("FDIC") insured limit. The Company has not incurred any losses on these accounts, and the credit risk exposure is mitigated by the financial strength of the banking institutions where the amounts are held. The Company had restrictions prior to September 21, 2023 on the uses of the cash held by Prospect Flexible Funding, LLC based on the terms of the Credit Facility. Cash, cash equivalents and restricted cash are carried at cost, which approximates fair value. Cash equivalents are classified as Level 1 in the fair value hierarchy. As of December 31, 2023 and June 30, 2023, cash equivalents were $4,994,925 and $4,997,938, respectively. Investment Transactions. Investments are recognized when we assume an obligation to acquire a financial instrument and assume the risks for gains or losses related to that instrument. Specifically, we record all security transactions on a trade date basis. We determine the fair value of our investments on a quarterly basis (as discussed in Investment Valuation below), with quarter over quarter fluctuations in fair value reflected as a net change in unrealized gains (losses) from investments in the Consolidated Statements of Operations . Investments are derecognized when we assume an obligation to sell a financial instrument and forego the risks for gains or losses related to that instrument. Realized gains or losses on the sale of investments are calculated using the specific identification method. Amounts for investments and or cash equivalents traded but not yet settled are reported in payable for open trades or receivable for open trades in the Consolidated Statements of Assets and Liabilities . As of December 31, 2023 and June 30, 2023, we have no assets going through foreclosure. Investment Valuation. As a BDC, and in accordance with the 1940 Act, we fair value our investment portfolio on a quarterly basis, with any unrealized gains and losses reflected in net increase (decrease) in net assets resulting from operations on our Consolidated Statements of Operations . To value our investments, we follow the guidance of ASC 820, Fair Value Measurement (“ASC 820”), that defines fair value, establishes a framework for measuring fair value in conformity with GAAP, and requires disclosures about fair value measurements. In accordance with ASC 820, the fair value of our investments is defined as the price that we would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market in which that investment is transacted. ASC 820 classifies the inputs used to measure these fair values into the following hierarchy: Level 1. Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. Level 2. Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3. Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. Our Board of Directors has established procedures for the valuation of our investment portfolio. These procedures are detailed below. Investments for which market quotations are readily available are valued at such market quotations. For most of our investments, market quotations are not available. With respect to investments for which market quotations are not readily available or when such market quotations are deemed not to represent fair value, due to factors such as volume and frequency of price quotes, our Board of Directors has approved a multi-step valuation process each quarter, as described below. 1. Each portfolio company or investment is reviewed by our investment professionals with independent valuation firms engaged by our Board of Directors. 2. The independent valuation firms prepare independent valuations for each investment based on their own independent assessments and issue their report. 3. The Audit Committee of our Board of Directors reviews and discusses with the independent valuation firms the valuation reports, and then makes a recommendation to the Board of Directors of the value for each investment. 4. The Board of Directors discusses valuations and determines the fair value of each investment in our portfolio in good faith based on the input of the Adviser, the respective independent valuation firm and the Audit Committee. For intra-quarter periods and pursuant to Rule 2a-5, the Board of Directors has designated the Adviser as the valuation designee (the “Valuation Designee”) for the purpose of performing fair value determinations for investments for which market quotations are not readily available, or when such market quotations are deemed not to represent fair value. The Board of Directors has approved a multi-step valuation process for such intra-quarter investment valuations, as described below, and such investments are classified in Level 3 of the fair value hierarchy: 1. The Adviser will start with the most recent quarterly valuations determined pursuant to the process described above. 2. The Adviser will calculate the estimated earnings per share for each investment in order to adjust the valuation of that investment for income that is expected to be realized. 3. The Adviser will consider other factors that should be taken into account in order to adjust the valuations, including, market changes in expected returns for similar investments; performance improvement or deterioration which would change the margin added to the base interest rate charged; the nature and realizable value of any collateral; the issuer’s ability to make payments and its earnings and discounted cash flow; the markets in which the issuer does business; comparisons to publicly traded securities; and other relevant factors. Our non-CLO investments that are classified as Level 3 are valued utilizing a yield technique, enterprise value (“EV”) technique, net asset value technique, asset recovery technique, discounted cash flow technique, or a combination of techniques, as appropriate. The yield technique uses loan spreads for loans and other relevant information implied by market data involving identical or comparable assets or liabilities. Under the EV technique, the EV of a portfolio company is first determined and allocated over the portfolio company’s securities in order of their preference relative to one another (i.e., “waterfall” allocation). To determine the EV, we typically use a market (multiples) valuation approach that considers relevant and applicable market trading data of guideline public companies, transaction metrics from precedent merger and acquisitions transactions, and/or a discounted cash flow technique. The net asset value technique, an income approach, is used to derive a value of an underlying investment by dividing a relevant earnings stream by an appropriate capitalization rate. For this purpose, we consider capitalization rates for similar properties as may be obtained from guideline public companies and/or relevant transactions. The asset recovery technique is intended to approximate the net recovery value of an investment based on, among other things, assumptions regarding liquidation proceeds based on a hypothetical liquidation of a portfolio company’s assets. The discounted cash flow technique converts future cash flows or earnings to a range of fair values from which a single estimate may be derived utilizing an appropriate discount rate. The fair value measurement is based on the net present value indicated by current market expectations about those future amounts. In applying these methodologies, additional factors that we consider in valuing our investments may include, as we deem relevant: security covenants, call protection provisions, and information rights; the nature and realizable value of any collateral; the portfolio company’s ability to make payments; the principal markets in which the portfolio company does business; publicly available financial ratios of peer companies; the principal market; and enterprise values, among other factors. Our investments in CLOs are classified as Level 3 fair value measured securities under ASC 820 and are valued using a discounted multi-path cash flow model. The CLO structures are analyzed to identify the risk exposures and to determine an appropriate call date (i.e., expected maturity). These risk factors are sensitized in the multi-path cash flow model using Monte Carlo simulations, which is a simulation used to model the probability of different outcomes, to generate probability-weighted (i.e., multi-path) cash flows from the underlying assets and liabilities. These cash flows are discounted using appropriate market discount rates, and relevant data in the CLO market as well as certain benchmark credit indices are considered, to determine the value of each CLO investment. In addition, we generate a single-path cash flow utilizing our best estimate of expected cash receipts, and assess the reasonableness of the implied discount rate that would be effective for the value derived from the multi-path cash flows. We are not responsible for and have no influence over the asset management of the portfolios underlying the CLO investments we hold, as those portfolios are managed by non-affiliated third-party CLO collateral managers. The main risk factors are default risk, prepayment risk, interest rate risk, downgrade risk, and credit spread risk. Investment Risks Our investments are subject to a variety of risks. Those risks include the following: Market Risk Market risk represents the potential loss that can be caused by a change in the fair value of the financial instrument. Credit Risk Credit risk represents the risk that we would incur if the counterparties failed to perform pursuant to the terms of their agreements with us. Credit Spread Risk Credit spread risk represents the risk that with higher interest rates comes a higher risk of defaults. Default Risk Default risk is the risk that a borrower will be unable to make the required payments on their debt obligation. Downgrade Risk Downgrade risk results when rating agencies lower their rating on a bond which are usually accompanied by bond price declines. Liquidity Risk Liquidity risk represents the possibility that we may not be able to rapidly adjust the size of our investment positions in times of high volatility and financial stress at a reasonable price. Interest Rate Risk Interest rate risk represents a change in interest rates, which could result in an adverse change in the fair value of an interest-bearing financial instrument. Prepayment Risk Many of our debt investments allow for prepayment of principal without penalty. Downward changes in interest rates may cause prepayments to occur at a faster than expected rate, thereby effectively shortening the maturity of the security and making us less likely to fully earn all of the expected income of that security and reinvesting in a lower yielding instrument. Other Risks Political developments, including civil conflicts and war, sanctions or other measures by the United States or other governments, natural disasters, public health crises and other events outside the Company’s control can directly or indirectly have a material adverse impact on the Company and our portfolio companies. Structured Credit Related Risk CLO investments may be riskier and less transparent to us than direct investments in underlying companies. CLOs typically will have no significant assets other than their underlying senior secured loans. Therefore, payments on CLO investments are and will be payable solely from the cash flows from such senior secured loans. Investment Classification . We are a non-diversified company within the meaning of the 1940 Act. As required by the 1940 Act, we classify our investments by level of control. As defined in the 1940 Act, “Control Investments” are those where there is the ability or power to exercise a controlling influence over the management or policies of a company. Control is generally deemed to exist when a company or individual possesses or has the right to acquire within 60 days or less, a beneficial ownership of more than 25% of the voting securities of an investee company. Under the 1940 Act, “Affiliate Investments” are defined by a lesser degree of influence and are deemed to exist through the possession outright or via the right to acquire within 60 days or less, beneficial ownership of 5% or more of the outstanding voting securities of another person. “Non-Control/Non-Affiliate Investments” are those that are neither Control Investments nor Affiliate Investments. As a BDC, we must not acquire any assets other than “qualifying assets” specified in the 1940 Act unless, at the time the acquisition is made, at least 70% of our total assets are qualifying assets (with certain limited exceptions). As of December 31, 2023 and June 30, 2023, our qualifying assets as a percentage of total assets stood at 79.87% and 82.67%, respectively. Revenue Recognition. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis. Accretion of such purchase discounts or amortization of such premiums is calculated using the effective interest method as of the settlement date and adjusted only for material amendments or prepayments. Upon the prepayment of a loan or bond, any unamortized discount or premium is recorded as interest income. The Company records dividend income on the ex-dividend date. The Company does not accrue as a receivable interest or dividends on loans and securities if it has reason to doubt its ability to collect such income. Loans are placed on non-accrual status when there is reasonable doubt that principal or interest will be collected. Unpaid accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans are either applied to the cost basis or interest income, depending upon management’s judgment of the collectibility of the loan receivable. Non-accrual loans are restored to accrual status when past due principal and interest is paid and in management’s judgment, is likely to remain current and future principal and interest collections when due are probable. Interest received and applied against cost while a loan is on non-accrual, and PIK interest capitalized but not recognized while on non-accrual, is recognized prospectively on the effective yield basis through maturity of the loan when placed back on accrual status, to the extent deemed collectible by management. As of December 31, 2023 and June 30, 2023, the Company did not have any loans on non-accrual status. Upfront structuring fees are recorded as fee income when earned. The Company records prepayment premiums on loans and securities as fee income when it receives such amounts. Some of our loans and other investments may have contractual payment-in-kind (“PIK”) interest or dividends. PIK income computed at the contractual rate is accrued into income and reflected as receivable up to the capitalization date. PIK investments offer issuers the option at each payment date of making payments in cash or in additional securities. When additional securities are received, they typically have the same terms, including maturity dates and interest rates as the original securities issued. On these payment dates, we capitalize the accrued interest (reflecting such amounts in the basis as additional securities received). PIK generally becomes due at maturity of the investment or upon the investment being called by the issuer. At the point that we believe PIK is not fully expected to be realized, the PIK investment will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are reversed from the related receivable through interest or dividend income, respectively. We do not reverse previously capitalized PIK interest or dividends. Upon capitalization, PIK is subject to the fair value estimates associated with their related investments. PIK investments on non-accrual status are restored to accrual status if we believe that PIK is expected to be realized. Interest income from investments in Structured Subordinated Notes (typically preferred shares, income notes or subordinated notes of CLO funds) is recorded based on an estimation of an effective yield to expected maturity utilizing assumed future cash flows in accordance with ASC 325-40, Beneficial Interest in the Securitized Financial Assets . The Company monitors the expected cash inflows from CLO equity investments, including the expected residual payments, and the estimated effective yield is determined and updated periodically. Due from and to Adviser. Amounts due from the Adviser are for amounts waived under the ELA, respectively (as such terms are defined in Note 4) and amounts due to PFIM and the Adviser are for base management fees, incentive fees, operating expenses and offering and organization expenses paid on our behalf. All balances due from and to the Adviser are settled quarterly. Payment-In-Kind Interest. The Company has certain investments in its portfolio that contain a PIK interest provision, which represents contractual interest or dividends that are added to the principal balance and recorded as income. For the three months ended December 31, 2023 and 2022, PIK interest included in interest income totaled $36,876 and $0, respectively. For the six months ended December 31, 2023 and 2022, PIK interest included in interest income totaled $58,870 and $162 respectively. To maintain RIC tax treatment, and to avoid corporate tax, substantially all of this income must be paid out to the stockholders in the form of distributions, even though the Company has not yet collected the cash. Offering Costs and Expenses. The Company will incur certain costs and expenses in connection with the Private Offering and registering to sell shares of its common stock. These costs and expenses principally relate to certain costs and expenses for advertising and sales, printing and marketing costs, professional and filing fees. Offering costs incurred by the Company were capitalized to deferred offering costs on the Consolidated Statements of Assets and Liabilities and will be amortized to expense over the 12 month period following the effectiveness of the registration to sell shares of its common stock on a straight line basis. Dividends and Distributions. Dividends and distributions to common stockholders are recorded on the record date. The amount, if any, to be paid as a monthly dividend or distribution is approved by our Board of Directors quarterly and generally depends on our earnings, financial condition, maintenance of our tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as our Board of Directors deems relevant from time to time. Net realized capital gains, if any, are distributed at least annually. Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money originally invested and represent a return of capital distribution to shareholders for tax purposes. Financing Costs. We record origination expenses related to our Revolving Credit Facility and Senior Secured Revolving Credit Facility as deferred financing costs. These expenses are deferred and amortized as part of interest expense using the straight-line method over the stated life of the obligation of our revolving credit facility. (See Note 10 for further discussion.) Per Share Information. Net increase or decrease in net assets resulting from operations per share is calculated using the weighted average number of common shares outstanding for the period presented. (See Note 11 for further discussion.) Net Realized and Net Change in Unrealized Gains or Losses. Gains or losses on the sale of investments are calculated by using the specific identification method. The Company measures realized gains or losses by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment, without regard to unrealized appreciation or depreciation previously recognized, but considering unamortized upfront fees. Net change in unrealized appreciation or depreciation reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized gains or losses when gains or losses are realized. Federal and State Income Taxes. The Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and intends to continue to comply with the requirements of the Code applicable to RICs. As a RIC, the Company is required to distribute at least 90% of its investment company taxable income and intends to distribute (or retain through a deemed distribution) all of its investment company taxable income and net capital gain to stockholders; therefore, the Company has made no provision for income taxes. The character of income and gains that the Company will distribute is determined in accordance with income tax regulations that may differ from GAAP. Book and tax basis differences relating to stockholder dividends and distributions and other permanent book and tax differences are reclassified to paid-in capital. If the Company does not distribute (or is not deemed to have distributed) at least 98% of its annual ordinary income and 98.2% of its net capital gains in the calendar year earned, it will generally be required to pay an excise tax equal to 4% of the amount by which 98% of its annual ordinary income and 98.2% of its capital gains exceeds the distributions from such taxable income for the year. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such taxable income, it accrues excise taxes, if any, on estimated excess taxable income. As of December 31, 2023, the Company expects to have no excise tax due for the 2023 calendar year. As of December 31, 2023, the Company has accrued $0 of excise tax for this period. If the Company fails to satisfy the annual distribution requirement or otherwise fails to qualify as a RIC in any taxable year, it would be subject to tax on all of its taxable income at regular corporate income tax rates. The Company would not be able to deduct distributions to stockholders, nor would it be required to make distributions. Distributions would generally be taxable to the Company’s individual and other non-corporate taxable stockholders as ordinary dividend income eligible for the reduced maximum rate applicable to qualified dividend income to the extent of its current and accumulated earnings and profits, provided certain holding period and other requirements are met. Subject to certain limitations under the Code, corporate distributions would be eligible for the dividends-received deduction. To qualify again to be taxed as a RIC in a subsequent year, the Company would be required to distribute to its shareholders its accumulated earnings and profits attributable to non-RIC years. In addition, if the Company failed to qualify as a RIC for a period greater than two taxable years, then, in order to qualify as a RIC in a subsequent year, it would be required to elect to recognize and pay tax on any net built-in gain (the excess of aggregate gain, including items of income, over aggregate loss that would have been realized if we had been liquidated) or, alternatively, be subject to taxation on such built-in gain recognized for a period of five years. The Company follows ASC 740, Income Taxes (“ASC 740”). ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the consolidated financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing our tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. As of December 31, 2023, the Company did not record any unrecognized tax benefits or liabilities. Management’s determinations regarding ASC 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof. Although the Company files both federal and state income tax returns, its major tax jurisdiction is federal. The Company’s federal tax returns for the tax years ended December 31, 2020 and thereafter remain subject to examination by the Internal Revenue Service. Recent Accounting Pronouncements The Company considers the applicability and impact of all accounting standard updates (“ASU”) issued by the Financial Accounting Standards Board. The Company has assessed currently issued ASUs and has determined that they are not applicable or are expected to have minimal impact on its consolidated financial statements.

SHARE TRANSACTIONS

SHARE TRANSACTIONS	6 Months Ended
	Dec. 31, 2023
Equity [Abstract]
SHARE TRANSACTIONS	SHARE TRANSACTIONS Below is a summary of transactions with respect to shares of common stock of PFLOAT during the three and six months ended December 31, 2023 and 2022: Three Months Ended December 31, 2023 Three Months Ended December 31, 2022 PFLOAT Class A Common Shares PFLOAT Class A Common Shares Shares Amount Shares Amount Shares issued through reinvestment of distributions 18,388 $ 107,933 19,727 $ 133,748 Repurchase of common shares (21,112) (113,371) (23,434) (155,832) Net (decrease)/increase from capital transactions (2,724) $ (5,438) (3,707) $ (22,084) Six Months Ended December 31, 2023 Six Months Ended December 31, 2022 PFLOAT Class A Common Shares PFLOAT Class A Common Shares Shares Amount Shares Amount Shares issued through reinvestment of distributions 36,803 $ 219,938 40,904 $ 287,029 Repurchase of common shares (41,075) (234,940) (45,252) (308,337) Net (decrease)/increase from capital transactions (4,272) $ (15,002) (4,348) $ (21,308) Status of Prior Public Offering On and effective February 19, 2021, the Company terminated the Offering. The respective net increase/(decrease) from capital transactions during the three and six months ended December 31, 2023 and 2022 includes reinvested stockholder distributions as noted in the table above. Share Repurchase Program The Company may conduct quarterly tender offers pursuant to its share repurchase program. The Company’s Board of Directors will consider the following factors, among others, in making its determination regarding whether to cause the Company to offer to repurchase shares of common stock and under what terms: • the effect of such repurchases on the Company’s qualification as a RIC (including the consequences of any necessary asset sales); • the liquidity of the Company’s assets (including fees and costs associated with disposing of assets); • the Company’s investment plans and working capital requirements; • the relative economies of scale with respect to the Company’s size; • the Company’s history in repurchasing shares of common stock or portions thereof; and • the condition of the securities markets. The Company currently intends to limit the number of shares of common stock to be repurchased during any calendar year to the number of shares of common stock it can repurchase with the cash retained as a result of issuing shares under its distribution reinvestment plan to those stockholders who have elected to receive their distributions in the form of additional shares rather than in cash.. At the discretion of the Company’s Board of Directors, the Company may also use cash on hand, cash available from borrowings and cash from the liquidation of securities investments as of the end of the applicable period to repurchase shares of common stock. In addition, the Company will limit the number of shares of common stock to be repurchased in any calendar year to 10% of the weighted average number of shares of common stock outstanding in the prior calendar year, or 2.5% in each calendar quarter, though the actual number of shares of common stock that the Company offers to repurchase may be less in light of the limitations noted above. Our Board of Directors reserves the right, in its sole discretion, to limit the number of shares to be repurchased for each class by applying the limitations on the number of shares to be repurchased, noted above, on a per class basis. We further anticipate that we will offer to repurchase such shares on each date of repurchase at a price equal to the current net offering price or net asset value per share, as applicable, on each date of repurchase. If the amount of repurchase requests exceeds the number of shares we seek to repurchase, we will repurchase shares on a pro-rata basis. As a result, we may repurchase less than the full amount of shares that stockholders submit for repurchase. If we do not repurchase the full amount of the shares that stockholders have requested to be repurchased, or we determine not to make repurchases of our shares, stockholders may not be able to dispose of their shares. Any periodic repurchase offers will be subject in part to our available cash and compliance with the 1940 Act. Below is a summary of transactions with respect to shares of common stock during each tender offer: Quarterly Offer Date Repurchase Effective Date Shares Percentage of Shares Repurchase Price Aggregate Three months ended December 31, 2023 December 31, 2023 November 9, 2023 21,112 7 % $ 5.37 $ 113,371 Total for the three months ended December 31, 2023 21,112 $ 113,371 Six months ended December 31, 2023 September 30, 2023 July 31, 2023 19,963 7 % $ 6.09 $ 121,569 December 31, 2023 November 9, 2023 21,112 7 % $ 5.37 113,371 Total for the six months ended December 31, 2023 41,075 $ 234,940 Year ended June 30, 2023 September 30, 2022 August 1, 2022 21,818 9 % $ 6.99 $ 152,505 December 31, 2022 November 7, 2022 23,434 11 % $ 6.65 155,832 Total for the year ended June 30, 2023 45,252 $ 308,337

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND ARRANGEMENTS	6 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND ARRANGEMENTS	RELATED PARTY TRANSACTIONS AND ARRANGEMENTS Administration Agreement The Administrator, an affiliate of the Adviser, became the administrator for the Company pursuant to an administrative agreement, as amended and restated as of June 17, 2019 (the "Administration Agreement"). The Administrator performs, oversees and arranges for the performance of administrative services necessary for the operation of the Company. These services include, but are not limited to, accounting, finance and legal services. For providing these services, facilities and personnel, the Company reimburses the Administrator for the Company’s actual and allocable portion of expenses and overhead incurred by the Administrator in performing its obligations under the Administration Agreement, including rent and the Company’s allocable portion of the costs of its Chief Financial Officer and Chief Compliance Officer and her staff. For the three months ended December 31, 2023 and 2022, allocation of overhead from the Administrator to the Company was $349,822 and $226,969, respectively. For the six months ended December 31, 2023 and 2022, allocation of overhead from the Administrator to the Company was $564,822 and $278,800, respectively. During the three and six months ended December 31, 2022, $8,750 and $17,500, respectively, of US Bank and BNY fees are being included within the Administrator costs incurred by the Company. During the three and six months ended December 31, 2023, $12,750 and $21,500, respectively, of US Bank, BNY and Sumitomo Mitsui Banking Corporation ("SMBC") fees are being included within the Administrator costs incurred by the Company.As of December 31, 2023 and June 30, 2023, $1,432,456 and $868,634, respectively, was payable to the Administrator, US Bank and BNY by the Company. Investment Advisory Agreement On April 20, 2021, the Company entered into the Investment Advisory Agreement with the Adviser, which was unanimously approved by the Company’s Board of Directors, including by all of the directors who are not “interested persons” (as defined in the 1940 Act), on February 18, 2021, subject to stockholder approval of the Investment Advisory Agreement. The Company’s stockholders approved the Investment Advisory Agreement at a Special Meeting of Stockholders held on March 31, 2021. The Investment Advisory Agreement replaced the Former Investment Advisory Agreement with PFIM, the Company's former investment adviser, which terminated effective April 20, 2021. The Investment Advisory Agreement is identical in all material respects to the Former Investment Advisory Agreement, except for its date of effectiveness, term and the Adviser serving as the Company’s investment adviser instead of PFIM. As such, the Former Investment Advisory Agreement and the Investment Advisory Agreement contain the same terms, provisions, conditions and fee rates, and provide for the same management services to be conducted by the Adviser as were conducted by PFIM. On November 5, 2021, we amended and restated the Investment Advisory Agreement to reduce the advisory fees payable thereunder, effective as of January 1, 2022 and until the one year anniversary of the listing of our common stock on a national securities exchange (the “Listing Anniversary”), as further discussed below. The Amended and Restated Advisory Agreement was unanimously approved by our Board of Directors, including by all of the directors who are not “interested persons” (as defined in the 1940 Act), and became effective on January 1, 2022. Under the Amended and Restated Advisory Agreement, we reduced the base management fee from an annual rate of 1.75% to 1.20% and eliminated the incentive fee payable thereunder, effective as of January 1, 2022 and until the Listing Anniversary. Until such effective date, the advisory fees payable to the Adviser were as set forth in the Investment Advisory Agreement. The Amended and Restated Advisory Agreement has an initial two-year term and may be continued thereafter for successive one-year periods if such continuance is approved in the manner provided for under Section 15 of the 1940 Act. The Investment Advisory Agreement, as amended and restated, is further discussed below. Investment Advisory Agreement Pursuant to the Investment Advisory Agreement, we pay the Adviser a fee for investment advisory and management services consisting of a base management fee and an incentive fee. The cost of both the base management fee payable to the Adviser and any incentive fees it earns will ultimately be borne by our stockholders. See "Amended and Restated Advisory Agreement" below for additional information. Base Management Fee . The base management fee was calculated at an annual rate of 1.75% (0.4375% quarterly) of our average total assets, which includes any borrowings for investment purposes. For the first quarter of our operations commencing with the date of the Investment Advisory Agreement, the base management fee was calculated based on the average value of our total assets as of the date of the Investment Advisory Agreement and at the end of the calendar quarter in which the date of the Investment Advisory Agreement fell, and was appropriately adjusted for any share issuances or repurchases during the then current calendar quarter. Subsequently, the base management fee is payable quarterly in arrears, and is calculated based on the average value of our total assets at the end of the two most recently completed calendar quarters, and is appropriately adjusted for any share issuances or repurchases during the then current calendar quarter. Base management fees for any partial month or quarter is appropriately pro-rated. At the Adviser’s option, the base management fee for any period may be deferred, without interest thereon, and paid to the Adviser at any time subsequent to any such deferral as the Adviser determines. Incentive Fee . The incentive fee consisted of two parts: (1) the subordinated incentive fee on income and (2) the capital gains incentive fee. Incentive Fee- Subordinated Incentive Fee on Income. The first part of the incentive fee, which is referred to as the subordinated incentive fee on income, is calculated and payable quarterly in arrears based upon our “pre-incentive fee net investment income” for the immediately preceding calendar quarter. For purpose of this fee “pre-incentive fee net investment income” means interest income, dividend income and distribution cash flows from equity investments and any other income (including any other fees, such as commitment, origination, structuring, diligence and consulting fees or other fees that we receive) accrued during the calendar quarter, minus operating expenses for the quarter (including the base management fee, expenses reimbursed under the Investment Advisory Agreement and the Administration Agreement, any interest expense and dividends paid on any issued and outstanding preferred shares, but excluding the organization and offering expenses and incentive fees on income and capital gains). 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 payment-in-kind 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 our net assets at the end of the immediately preceding calendar quarter, is compared to a preferred return, or “hurdle,” of 1.5% per quarter (6.0% annualized) and a “catch-up” feature measured as of the end of each calendar quarter as discussed below. The subordinated incentive fee on income for each calendar quarter is paid to our Adviser as follows: (1) no incentive fee is payable to our Adviser in any calendar quarter in which our pre-incentive fee net investment income does not exceed the fixed preferred return rate of 1.5%; (2) 100% 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 fixed preferred return but is less than or equal to 1.875% in any calendar quarter (7.5% annualized); and (3) 20.0% of the amount of our pre-incentive fee net investment income, if any, that exceeds 1.875% in any calendar quarter (7.5% annualized). This reflects that once the fixed preferred return is reached and the catch-up is achieved, 20.0% of all pre-incentive fee net investment income thereafter is allocated to our Adviser. These calculations are appropriately prorated for any period of less than three months and adjusted for any share issuances or repurchases during the current quarter. Incentive Fee- Capital Gains Incentive Fee . The second part of the incentive fee, which is referred to as the capital gains incentive fee, is determined and payable in arrears as of the end of each calendar year (or upon termination of the Investment Advisory Agreement, as of the termination date), and equals 20.00% of our realized capital gains for the calendar year, if any, computed net of all realized capital losses and unrealized capital depreciation at the end of such year; provided that the incentive fee determined as of December 31, 2021 will be calculated for a period of shorter than twelve calendar months to take into account any net realized capital gains, if any, computed net of all realized capital losses and unrealized capital depreciation for the period commencing as of the date of the Investment Advisory Agreement and ending on December 31, 2021. In determining the capital gains incentive fee payable to our Adviser, we calculate the aggregate realized capital gains, aggregate realized capital losses and aggregate unrealized capital depreciation, as applicable, with respect to each investment that has been in our portfolio. For the purpose of this calculation, an “investment” is defined as the total of all rights and claims which may be asserted against a portfolio company arising from our participation in the debt, equity, and other financial instruments issued by that company. Aggregate realized capital gains, if any, equal the sum of the differences between the aggregate net sales price of each investment and the aggregate amortized cost basis of such investment when sold or otherwise disposed. Aggregate realized capital losses equal the sum of the amounts by which the aggregate net sales price of each investment is less than the aggregate amortized cost basis of such investment when sold or otherwise disposed. Aggregate unrealized capital depreciation equals the sum of the differences, if negative, between the aggregate valuation of each investment and the aggregate amortized cost basis of such investment as of the applicable calendar year-end. At the end of the applicable calendar year, the amount of capital gains that serves as the basis for our calculation of the capital gains incentive fee involves netting aggregate realized capital gains against aggregate realized capital losses on a since-inception basis and then reducing this amount by the aggregate unrealized capital depreciation. If this number is positive, then the capital gains incentive fee payable is equal to 20.00% of such amount, less the aggregate amount of any capital gains incentive fees paid since inception. Operating expenses are not taken into account when determining capital gains incentive fees. Amended and Restated Advisory Agreement On November 5, 2021, we amended and restated the Investment Advisory Agreement to reduce the base management fee from an annual rate of 1.75% (0.4375% quarterly) to 1.20% (0.30% quarterly) and eliminate the incentive fee payable thereunder, effective as of January 1, 2022 and until the Listing Anniversary. As such, until the Listing Anniversary, the base management fee will be calculated at an annual rate of 1.20% (0.30% quarterly) and the Adviser will not be entitled to any incentive fee. Following the Listing Anniversary (1) the base management fee will be calculated at an annual rate of 1.75% (0.4375% quarterly), commencing with the first base management fee calculation that occurs after such anniversary, and (2) the Adviser will be entitled to receive the same incentive fee, including the subordinated incentive fee on income and the capital gains incentive fee, as set forth in the Investment Advisory Agreement and discussed above, commencing with the first calendar quarter after such anniversary. The Amended and Restated Advisory Agreement became effective on January 1, 2022. Until such effective date, the advisory fees payable to the Adviser were as set forth in the Investment Advisory Agreement. See “Investment Advisory Agreement” above. During the three months ended December 31, 2023 and 2022, the total base management fee incurred by the Adviser was $74,073 and $105,950, respectively, which were waived by the Adviser. During the six months ended December 31, 2023 and 2022, the total base management fee incurred by the Adviser was $157,432 and $218,384, respectively, which were waived by the Adviser. As of December 31, 2023 and June 30, 2023, the total base management fee due to the Adviser after the waiver was $0. There were no incentive fees payable as of December 31, 2023 or June 30, 2023. During the three and six months ended December 31, 2023 and 2022, there were no incentive fees incurred. Co-Investments On January 13, 2020, (amended on August 2, 2022), the parent company of the Adviser received an exemptive order from the SEC (the “Order”),which superseded a prior co-investment exemptive order granted on February 10, 2014, granting the ability to negotiate terms other than price and quantity of co-investment transactions with other funds managed by the Adviser or certain affiliates, including Prospect Capital Corporation (“PSEC”) and Priority Income Fund, Inc. (“PRIS”), where co-investing would otherwise be prohibited under the 1940 Act, subject to the conditions included therein. Under the terms of the relief permitting us to co-invest with other funds managed by our Adviser or its affiliates, a “required majority” (as defined in Section 57(o) of the 1940 Act) of the Company’s independent directors must make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the proposed transaction, including the consideration to be paid, are reasonable and fair to the Company and its stockholders and do not involve overreaching of the Company or its stockholders on the part of any person concerned and (2) the transaction is consistent with the interests of the Company’s stockholders and is consistent with the Company’s investment objective and strategies. In certain situations where co-investment with one or more funds managed by the Adviser or its affiliates is not covered by the Order, such as when there is an opportunity to invest in different securities of the same issuer, the personnel of the Adviser or its affiliates will need to decide which fund will proceed with the investment. Such personnel will make these determinations based on policies and procedures, which are designed to reasonably ensure that investment opportunities are allocated fairly and equitably among affiliated funds over time and in a manner that is consistent with applicable laws, rules and regulations. Moreover, except in certain circumstances, when relying on the Order, the Company will be unable to invest in any issuer in which one or more funds managed or owned by the Adviser or its affiliates has previously invested. Officers and Directors Certain officers and directors of the Company are also officers and directors of the Adviser and its affiliates. There were no fees paid to the independent directors of the Company as the Company did not exceed the minimum net asset value required (i.e., greater than $100 million) to receive a fee for the three and six months ended December 31, 2023 and 2022. The officers do not receive any direct compensation from the Company. Expense Limitation and Expense Reimbursement Agreements Expense Limitation Agreement with the Adviser We previously entered into an expense limitation agreement, dated March 31, 2019 (the "Former ELA"), with PFIM, which was terminated effective February 17, 2021 in accordance with its terms. Amounts waived pursuant to the Former ELA ceased being eligible for repayment after September 30, 2023. On and effective April 20, 2021, we entered into a new expense limitation agreement with the Adviser, as amended and restated on July 7, 2021, to extend the period during which the Adviser will be required to waive its investment advisory fees under the Investment Advisory Agreement, from September 30, 2021 to June 30, 2022 (the "First Amended and Restated ELA"). On August 23, 2022, we entered into the Second Amended and Restated Expense Limitation Agreement (the "Second Amended and Restated ELA") to extend the period during which the Adviser will be required to waive its investment advisory fees under the Investment Advisory Agreement from June 30, 2022 to December 31, 2022. On April 24, 2023, we entered into a Third Amended and Restated Expense Limitation Agreement (the “Third Amended and Restated ELA” and, together with the First Amended and Restated ELA and the Second Amended and Restated ELA, the "ELA") to extend the period during which the Adviser will be required to waive its investment advisory fees under the Investment Advisory Agreement from December 31, 2022 to June 30, 2024, as discussed below. Other than this change, the terms and conditions of the Third Amended and Restated ELA are identical to those of the First and Second Amended and Restated ELAs.The ELA has an initial term ending on June 30, 2024 and may be continued thereafter for successive one-year periods in accordance with its terms. Pursuant to the ELA, our Adviser waived a portion or all of the investment advisory fees that it was entitled to receive pursuant to the Investment Advisory Agreement, from the effective date of the ELA through June 30, 2024, in order to limit our Operating Expenses (as defined below) to an annual rate, expressed as a percentage of our average quarterly net assets, equal to 8.00% (the “Annual Limit”). After June 30, 2024, such waiver may be made at our Adviser’s option and in its sole discretion. Even if the Adviser decides to voluntarily waive its investment advisory fees for a quarter ended after June 30, 2024, there is no guarantee that the Adviser will continue to do so. For purposes of the ELA, the term “Operating Expenses” with respect to the Company, is defined to include all expenses necessary or appropriate for the operation of the Company, including but not limited to our Adviser’s base management fee, any and all costs and expenses that qualify as line item “organization and offering” expenses in the consolidated financial statements of the Company as the same are filed with the SEC and other expenses described in the Investment Advisory Agreement, but does not include any portfolio transaction or other investment-related costs (including brokerage commissions, dealer and underwriter spreads, prime broker fees and expenses and dividend expenses related to short sales), interest expenses and other financing costs, extraordinary expenses and acquired fund fees and expenses. Upfront shareholder transaction expenses, such as sales commissions, dealer manager fees and similar expenses, are not Operating Expenses. Our Adviser waived fees, pursuant to the ELA, in an amount of $74,073 and $105,950 for the three months ended December 31, 2023 and 2022, respectively. Our Adviser waived fees, pursuant to the ELA, in an amount of $157,432 and $218,384 for the six months ended December 31, 2023 and 2022, respectively. Any amount waived pursuant to the ELA is subject to repayment to our Adviser (an “ELA Reimbursement”) by us within three years of the date on which the waiver was made by our Adviser. If the ELA is terminated or expires pursuant to its terms, our Adviser will maintain its right to repayment for any waiver it has made under the ELA, subject to the Repayment Limitations (discussed below). Any ELA Reimbursement can be made solely in the event that we have sufficient excess cash on hand at the time of any proposed ELA Reimbursement and shall be limited to the lesser of (i) the excess of the Annual Limit applicable to such quarter over the Company’s actual Operating Expenses for such quarter and (ii) the amount of ELA Reimbursement which, when added to the Company’s expenses for such quarter, permits the Company to pay the then-current aggregate quarterly distribution to its shareholders, at a minimum annualized rate of at least 6.00% (based on the gross offering prices of Company shares) (the “Distribution”) from the sum of (x) the Company’s net investment income (loss) for such quarter plus (y) the Company’s net realized gains (losses) for such quarter (collectively, the “Repayment Limitations”). For the purposes of the calculations pursuant to (i) and (ii) of the preceding sentence, any ELA Reimbursement will be treated as an expense of the Company for such quarter. In the event that the Company is unable to make a full payment of any ELA Reimbursements due for any applicable quarter because the Company does not have sufficient excess cash on hand, any such unpaid amount shall become a payable of the Company for accounting purposes and shall be paid when the Company has sufficient cash on hand (subject to the Repayment Limitations); provided, that in the case of any ELA Reimbursements, such payment shall be made no later than the date that is three years after the date on which the applicable waiver was made by our Adviser. Period Ended ELA Reimbursement Payable to the Adviser ELA Reimbursement Payment to the Adviser Unreimbursed ELA Reimbursement Operating Expense Ratio Annualized Distribution Rate Eligible to be Repaid Through June 30, 2021 $ 144,073 $ — $ 144,073 4.04% 8.11% June 30, 2024 September 30, 2021 182,198 — 182,198 2.97% 7.08% September 30, 2024 December 31, 2021 184,999 — 184,999 3.00% 7.10% December 31, 2024 March 31, 2022 125,720 — 125,720 2.70% 7.22% March 31, 2025 June 30, 2022 118,220 — 118,220 3.52% 7.87% June 30, 2025 September 30, 2022 112,434 — 112,434 3.48% 7.38% September 30, 2025 December 31, 2022 105,950 — 105,950 3.30% 7.49% December 31, 2025 March 31, 2023 105,279 — 105,279 3.33% 7.18% March 31, 2026 June 30, 2023 99,018 — 99,018 2.79% 6.97% June 30, 2026 September 30, 2023 83,359 — 83,359 4.06% 7.85% September 30, 2026 December 31, 2023 74,073 — 74,073 5.00% 7.43% December 31, 2026 Total $ 1,335,323 $ 1,335,323 License Agreement We entered into a license agreement with an affiliate of our Adviser, pursuant to which the affiliate granted us a non-exclusive, royalty free license to use the “Prospect” name. Under this license agreement, we have the right to use such name for so long as our Adviser or another affiliate of the Adviser is our investment adviser. Other than with respect to this limited license, we have no legal right to the “Prospect” name or logo.

DISTRIBUTIONS

DISTRIBUTIONS	6 Months Ended
	Dec. 31, 2023
Equity [Abstract]
DISTRIBUTIONS	DISTRIBUTIONS The following table reflects the cash distributions per share that the Company declared on its common stock during the six months ended December 31, 2023 and 2022: Distributions For the Six Months Ended PFLOAT Class A Common Shares, per share PFLOAT Class A Common Shares, Amount Distributed December 31, 2023 July 28, 2023 $ 0.03260 $ 78,129 August 25, 2023 0.03260 78,313 September 29, 2023 0.04095 98,612 October 27, 2023 0.03276 79,119 November 24, 2023 0.02920 70,070 December 29, 2023 0.03650 87,789 Total for the Six Months Ended December 31, 2023 $ 492,032 Distributions For the Six Months Ended PFLOAT Class A Common Shares, per share PFLOAT Class A Common Shares, Amount Distributed December 31, 2022 July 29, 2022 $ 0.05305 $ 126,365 August 26, 2022 0.04244 100,522 September 30, 2022 0.04720 112,104 October 28, 2022 0.03776 89,974 November 25, 2022 0.03580 84,685 December 30, 2022 0.04475 106,126 Total for the Six Months Ended December 31, 2022 $ 619,776 The following PFLOAT distributions were previously declared and have record dates subsequent to December 31, 2023: Record Date Payment Date PFLOAT Class A Common Shares, per share January 26, 2024 February 2, 2024 $0.02920 The Company has adopted an “opt in” distribution reinvestment plan for its stockholders. As a result, if the Company makes a cash distribution, its stockholders will receive distributions in cash unless they specifically “opt in” to the distribution reinvestment plan so as to have their cash distributions reinvested in additional shares of the Company’s common stock. However, certain state authorities or regulators may impose restrictions from time to time that may prevent or limit a stockholder’s ability to participate in the distribution reinvestment plan. The Company may fund its cash distributions to stockholders from any sources of funds legally available to it, including offering proceeds, borrowings, net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, dividends or other distributions paid to the Company on account of preferred and common equity investments in portfolio companies and expense reimbursements from the Adviser. The Company has not established limits on the amount of funds it may use from available sources to make distributions. During the six months ended December 31, 2023 and 2022, the Company's officers and directors did not purchase any shares of our stock.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES While our fiscal year end for financial reporting purposes is June 30 of each year, our tax year end is December 31 of each year. The information presented in this footnote is based on our tax year end for each period presented, unless otherwise specified. For income tax purposes, distributions made to stockholders are reported as ordinary income, capital gains, non-taxable return of capital, or combination thereof. The tax character of distributions paid to the Company's shareholders during the tax years ended December 31, 2023 and 2022 were as follows: Tax Year Ended December 31, 2023 December 31, 2022 Ordinary income $ — $ 1,195,912 Return of capital 948,614 131,777 Total distributions paid to stockholders $ 948,614 (1) $ 1,327,689 (2) (1) For the tax year ended December 31, 2023, $22,758 of the 2022 declared distributions are allocable to 2023 for federal income tax purposes and are reported on the 2023 Form 1099-DIV. For the tax year ended December 31, 2023, $87,789 of the 2023 declared distributions are allocable to 2024 for federal income tax purposes and will be reported on the 2024 Form 1099-DIV. (2) For the tax year ended December 31, 2022, $80,441 of the 2021 declared distributions are allocable to 2022 for federal income tax purposes and was reported on the 2022 Form 1099-DIV. For the tax year ended December 31, 2022, $22,758 of the 2022 declared distributions are allocable to 2023 for federal income tax purposes and are reported on the 2023 Form 1099-DIV. As of September 27, 2023 when our prior Form 10-K was filed for the year ended June 30, 2023, we estimated our distributions for the fiscal and tax years disclosed therein to be distributions of ordinary income. Subsequent to our filing date, we obtained more information from our underlying investments as to the character of the distributions for the tax year ended December 31, 2023, which resulted in changes to distributions previously disclosed in our Form 10-K filing. As a result of the change, our total distributable loss on our Consolidated Statements of Assets and Liabilities for the year ended June 30, 2023 changed from $10,233,154 to $9,884,444, with $348,710 being reclassified to return of capital from ordinary income. As of September 6, 2022 when our prior Form 10-K was filed for the year ended June 30, 2022, we estimated our distributions for the fiscal and tax years disclosed therein to be distributions of return of capital. Subsequent to our filing date, we obtained more information from our underlying investments as to the character of the distributions for the tax year ended December 31, 2022, which resulted in changes to distributions previously disclosed in our Form 10-K filing. As a result of the change, our total distributable loss on our Consolidated Statements of Assets and Liabilities for the year ended June 30, 2022 changed from $8,511,366 to $8,489,742, with $21,624 being reclassified to return of capital from ordinary income. The Company's cost basis of investments as of December 31, 2023 for tax purposes was $18,922,808, resulting in an estimated net unrealized loss of $2,292,320. The gross unrealized gains and losses as of December 31, 2023 were $527,602 and $2,819,923, respectively. The Company's cost basis of investments as of June 30, 2023 for tax purposes was $24,297,629, resulting in an estimated net unrealized loss of $2,382,442. The gross unrealized gains and losses as of June 30, 2023 were $481,915 and $2,864,357, respectively. Taxable income generally differs from net increase (decrease) in net assets resulting from operations for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses, and generally excludes net unrealized gains or losses, as unrealized gains or losses are generally not included in taxable income until they are realized. The following reconciles the net increase (decrease) in net assets resulting from operations to taxable income for the tax years ended December 31, 2023 and 2022. Tax Year Ended December 31, 2023 Tax Year Ended December 31, 2022 Net increase (decrease) in net assets resulting from operations $ (1,662,664) $ (3,303,225) Net realized (gains) losses on investments 983,058 147,942 Net change in unrealized (gains) losses on investments 442,632 3,461,044 Other temporary book-to-tax differences 174,975 27,795 Permanent differences (8,210) 155,829 Taxable income (loss) before deductions for distributions $ (70,209) $ 489,385 Capital losses in excess of capital gains earned in a tax year may generally be carried forward and used to offset capital gains, subject to certain limitations. For the tax year ended December 31, 2023 and December 31, 2022, we had capital loss carryforwards of $6,570,844 and $4,290,349, respectively, available for use in later tax years. The unused balance each year will be carried forward and utilized as gains are realized, subject to limitations. While our ability to utilize losses in the future depends upon a variety of factors that cannot be known in advance, some of the Company’s capital loss carryforwards may become permanently unavailable due to limitations by the Code. As of our most recent tax year ended December 31, 2023, we had no undistributed ordinary income in excess of cumulative distributions and no capital gain in excess of cumulative distributions. Tax Year Ended December 31, 2023 Undistributed ordinary income $ — Undistributed long-term capital gains $ — Capital loss carryforwards $ (6,570,844) In general, we make certain adjustments to the classification of net assets as a result of permanent book-to-tax differences, which may include merger-related items, differences in the book and tax basis of certain assets and liabilities, amortization of offering costs, expense payments, nondeductible federal excise taxes and net operating losses, among other items. During the tax year ended December 31, 2023, we increased overdistributed net investment income by $61,999 and decreased capital in excess of par value by $61,999. During the tax year ended December 31, 2022, we increased overdistributed net investment income by $155,829 and decreased capital in excess of par value by $155,829. Due to the difference between our fiscal and tax year end, the reclassifications for the taxable year ended December 31, 2023 are being recorded in the fiscal year ending June 30, 2024 and the reclassifications for the taxable year ended December 31, 2022 were recorded in the fiscal year ended June 30, 2023.

INVESTMENT PORTFOLIO

INVESTMENT PORTFOLIO	6 Months Ended
	Dec. 31, 2023
Schedule of Investments [Abstract]
INVESTMENT PORTFOLIO	INVESTMENT PORTFOLIO The original cost basis of debt placement and equity securities acquired, including follow-on investments for existing portfolio companies, payment-in-kind interest, and structuring fees, totaled $36,876 and $0 during the three months ended December 31, 2023 and 2022, respectively. The original cost basis of debt placement and equity securities acquired, including follow-on investments for existing portfolio companies, payment-in-kind interest, and structuring fees, totaled $58,820 and $162 during the six months ended December 31, 2023 and 2022, respectively. The original cost basis of debt placement and equity securities disposed from noncash restructured investments totaled $0 during the three months ended December 31, 2023 and 2022, respectively. The original cost basis of debt placement and equity securities disposed from noncash restructured investments totaled $997,560 and $0 during the six months ended December 31, 2023 and 2022, respectively. Debt repayments and considerations from sales of debt and equity securities, excluding noncash restructured investments, of approximately $96,760 and $707,688 were received during the three months ended December 31, 2023 and 2022, respectively. Debt repayments and considerations from sales of debt and equity securities, excluding noncash restructured investments, of approximately $3,737,814 and $2,066,272 were received during the six months ended December 31, 2023 and 2022, respectively. Debt repayments and considerations from sales of debt and equity securities, including noncash restructured investments, of approximately $96,760 and $707,688 were received during the three months ended December 31, 2023 and 2022 respectively. Debt repayments and considerations from sales of debt and equity securities, including noncash restructured investments, of approximately $4,735,374 and $2,066,272 were received during the six months ended December 31, 2023 and 2022, respectively. As of December 31, 2023 and June 30, 2023, 94% and 97%, respectively, of the Company's portfolio was invested in floating rate investments based on fair value, totaling $15,677,708 and $21,165,192, respectively. As of December 31, 2023 and June 30, 2023, 89% and 94%, respectively, of the Company's portfolio was invested in floating rate investments based on amortized cost, totaling $18,769,836 and $23,968,381, respectively. The following tables summarize the composition of the Company’s investment portfolio at amortized cost and fair value as of December 31, 2023 and June 30, 2023: December 31, 2023 Investments at Amortized Cost (1) Investments at Fair Value Fair Value Percentage of Total Portfolio Senior Secured Loans-First Lien $ 11,517,085 $ 10,516,525 63 % Senior Secured Loans-Second Lien 1,772,946 1,398,761 8 % Senior Secured Notes 752,630 288,075 2 % Structured Subordinated Notes 5,479,805 3,762,422 23 % Equity/Other 1,667,943 664,704 4 % Total Portfolio Investments $ 21,190,409 $ 16,630,487 100 % June 30, 2023 Investments at Amortized Cost (1) Investments at Fair Value Fair Value Percentage of Total Portfolio Senior Secured Loans-First Lien $ 16,445,667 $ 15,362,386 70 % Senior Secured Loans-Second Lien 1,758,303 1,416,049 7 % Senior Secured Notes 752,867 271,899 1 % Structured Subordinated Notes 5,764,411 4,386,757 20 % Equity/Other 670,383 478,096 2 % Total Portfolio Investments $ 25,391,631 $ 21,915,187 100 % (1) Amortized cost represents the original cost adjusted for PIK interest and the amortization of premiums and/or accretion of discounts, as applicable, on investments. The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of December 31, 2023 and June 30, 2023: December 31, 2023 Industry Investments at Fair Value Percentage of Portfolio Structured Finance $ 3,762,422 23 % Healthcare & Pharmaceuticals 2,594,623 16 % Services: Business 2,279,109 14 % Telecommunications 2,018,304 12 % Media: Diversified and Production 1,398,761 8 % Services: Consumer 1,374,491 8 % Media: Broadcasting & Subscription 972,576 6 % Wholesale 953,244 6 % Beverage, Food & Tobacco 927,178 5 % Financial 288,075 2 % Consumer goods: Non-Durable 53,825 — % Retail 7,879 — % Total $ 16,630,487 100 % June 30, 2023 Industry Investments at Fair Value Percentage of Portfolio Structured Finance $ 4,386,757 20 % Healthcare & Pharmaceuticals 2,880,134 13 % Services: Consumer 2,741,742 13 % Services: Business 2,507,919 11 % Telecommunications 2,324,213 11 % Wholesale 1,662,469 8 % Media: Diversified and Production 1,416,049 7 % Media: Broadcasting & Subscription 971,690 4 % Beverage, Food & Tobacco 920,151 4 % Consumer goods: Durable 678,492 3 % Consumer goods: Non-Durable 669,880 3 % Automotive 470,696 2 % Financial 271,899 1 % Retail 13,096 — % Total $ 21,915,187 100 %

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The following table presents the fair value of our investments that are measured at fair value on a recurring basis disaggregated into the three levels of the ASC 820 valuation hierarchy as of December 31, 2023 and June 30, 2023, respectively: As of December 31, 2023 Level 1 Level 2 Level 3 Total Portfolio Investments Senior Secured Loans-First Lien $ — $ 1,690,147 $ 8,826,378 $ 10,516,525 Senior Secured Loans-Second Lien — — 1,398,761 1,398,761 Senior Secured Notes — — 288,075 288,075 Structured Subordinated Notes — — 3,762,422 3,762,422 Equity/Other — — 664,704 664,704 Total Portfolio Investments $ — $ 1,690,147 $ 14,940,340 $ 16,630,487 As of June 30, 2023 Level 1 Level 2 Level 3 Total Portfolio Investments Senior Secured Loans-First Lien $ — $ 2,129,472 $ 13,232,914 $ 15,362,386 Senior Secured Loans-Second Lien — — 1,416,049 1,416,049 Senior Secured Notes — — 271,899 271,899 Structured Subordinated Notes — — 4,386,757 4,386,757 Equity/Other — — 478,096 478,096 Total Portfolio Investments $ — $ 2,129,472 $ 19,785,715 $ 21,915,187 Investments for which market quotations are readily available are typically valued at such market quotations. In order to validate market quotations, management and the independent valuation firm look at a number of factors to determine if the quotations are representative of fair value, including the source and nature of the quotations. These investments are classified as Level 1 or Level 2 in the fair value hierarchy. The fair value of debt investments specifically classified as Level 2 in the fair value hierarchy are generally valued by an independent pricing agent or more than one principal market maker, if available, otherwise a principal market maker or a primary market dealer. We generally value over-the-counter securities by using the prevailing bid and ask prices from dealers during the relevant period end, which were provided by an independent pricing agent and screened for validity by such service. In determining the range of values for debt instruments where market quotations are not available, and are therefore classified as Level 3 in the fair value hierarchy, except CLOs and debt investments in controlling portfolio companies, management and the independent valuation firm estimated corporate and security credit ratings and identified corresponding yields to maturity for each loan from relevant market data. A discounted cash flow technique was then applied using the appropriate yield to maturity as the discount rate, to determine a range of values. In determining the range of values for equity investments of portfolio companies , the enterprise value was determined by applying a market approach such as using earnings before interest, taxes, depreciation and amortization (“EBITDA”) multiples, net income and/or book value multiples for similar guideline public companies and/or similar recent investment transactions and/or an income approach, such as the discounted cash flow technique. The enterprise value technique may also be used to value debt investments which are credit impaired. For stressed debt and equity investments, asset recovery analysis was used. In determining the range of values for our investments in CLOs, the independent valuation firm uses a discounted multi-path cash flow model. The valuations were accomplished through the analysis of the CLO deal structures to identify the risk exposures from the modeling point of view as well as to determine an appropriate call date (i.e., expected maturity). These risk factors are sensitized in the multi-path cash flow model using Monte Carlo simulations to generate probability-weighted (i.e., multi-path) cash flows for the underlying assets and liabilities. These cash flows are discounted using appropriate market discount rates, which consider relevant data in the CLO market and certain benchmark credit indices, to determine the value of each CLO investment. In addition, we generate a single-path cash flow utilizing our best estimate of expected cash receipts, and assess the reasonableness of the implied discount rate that would be effective for the value derived from the corresponding multi-path cash flow model. Our portfolio consists of residual interests in CLOs, which involve a number of significant risks. CLOs are typically very highly levered (10 - 14 times), and therefore the residual interest tranches that we invest in are subject to a higher degree of risk of total loss. In particular, investors in CLO residual interests indirectly bear risks of the underlying loan investments held by such CLOs. We generally have the right to receive payments only from the CLOs, and generally do not have direct rights against the underlying borrowers or the entity that sponsored the CLOs. While the CLOs we target generally enable the investor to acquire interests in a pool of senior loans without the expenses associated with directly holding the same investments, the prices of indices and securities underlying our CLOs will rise or fall. These prices (and, therefore, the prices of the CLOs) will be influenced by the same types of political and economic events that affect issuers of securities and capital markets generally. The failure by a CLO investment in which we invest to satisfy financial covenants, including with respect to adequate collateralization and/or interest coverage tests, could lead to a reduction in its payments to us. In the event that a CLO fails certain tests, holders of debt senior to us would be entitled to additional payments that would, in turn, reduce the payments we would otherwise be entitled to receive. Separately, we may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms with a defaulting CLO or any other investment we may make. If any of these occur, it could materially and adversely affect our operating results and cash flows. The interests we have acquired in CLOs are generally thinly traded or have only a limited trading market. CLOs are typically privately offered and sold, even in the secondary market. As a result, investments in CLOs may be characterized as illiquid securities. In addition to the general risks associated with investing in debt securities, CLO residual interests carry additional risks, including, but not limited to: (i) the possibility that distributions from collateral securities will not be adequate to make interest or other payments; (ii) the quality of the collateral may decline in value or default; (iii) our investments in CLO tranches will likely be subordinate to other senior classes of note tranches thereof; and (iv) the complex structure of the security may not be fully understood at the time of investment and may produce disputes with the CLO investment or unexpected investment results. Our net asset value may also decline over time if our principal recovery with respect to CLO residual interests is less than the cost of those investments. Our CLO investments and/or the CLOs’ underlying senior secured loans may prepay more quickly than expected, which could have an adverse impact on our value. These investments are classified as Level 3 in the fair value hierarchy. An increase in interest rates would materially increase the CLO’s financing costs. Since most of the collateral positions within the CLOs have interest rate floors, there may not be corresponding increases in investment income (if interest rates increase but stay below the interest rate floor of such investments) resulting in materially smaller distribution payments to the residual interest investors. We hold more than a 10% interest in certain foreign corporations that are treated as controlled foreign corporations (“CFC”) for U.S. federal income tax purposes (including our residual interest tranche investments in CLOs). Therefore, we are treated as receiving a deemed distribution (taxable as ordinary income) each year from such foreign corporations in an amount equal to our pro rata share of the corporation’s income for that tax year (including both ordinary earnings and capital gains). We are required to include such deemed distributions from a CFC in our taxable income and we are required to distribute at least 90% of such income to maintain our RIC status, regardless of whether or not the CFC makes an actual distribution during such year. If we acquire shares in “passive foreign investment companies” (“PFICs”) (including residual interest tranche investments in CLOs that are PFICs), we may be subject to federal income tax on a portion of any “excess distribution” or gain from the disposition of such shares even if such income is distributed as a taxable dividend to our stockholders. Certain elections may be available to mitigate or eliminate such tax on excess distributions, but such elections (if available) will generally require us to recognize our share of the PFIC’s income for each year regardless of whether we receive any distributions from such PFICs. We must nonetheless distribute such income to maintain our status as a RIC. Legislation known as FATCA and regulations thereunder impose a withholding tax of 30% on payments of U.S. source interest and dividends to certain non-U.S. entities, including certain non-U.S. financial institutions and investment funds, unless such non-U.S. entity complies with certain reporting requirements regarding its United States account holders and its United States owners. Most CLOs in which we invest will be treated as non-U.S. financial entities for this purpose, and therefore will be required to comply with these reporting requirements to avoid the 30% withholding. If a CLO in which we invest fails to properly comply with these reporting requirements, it could reduce the amounts available to distribute to residual interest and junior debt holders in such CLO vehicle, which could materially and adversely affect our operating results and cash flows. If we are required to include amounts in income prior to receiving distributions representing such income, we may have to sell some of our investments at times and/or at prices management would not consider advantageous, raise additional debt or equity capital or forgo new investment opportunities for this purpose. A portion of the Company’s portfolio is concentrated in CLOs, which is subject to a risk of loss if that sector experiences a market downturn. The Company is subject to credit risk in the normal course of pursuing its investment objectives. The Company’s maximum risk of loss from credit risk for the portfolio of CLO investments is the inability of the CLOs collateral managers to return up to the cost value due to defaults occurring in the underlying loans of the CLOs. Investments in CLOs residual interests generally offer less liquidity than other investment grade or high-yield corporate debt, and may be subject to certain transfer restrictions. The Company’s ability to sell certain investments quickly in response to changes in economic and other conditions and to receive a fair price when selling such investments may be limited, which could prevent the Company from making sales to mitigate losses on such investments. In addition, CLOs are subject to the possibility of liquidation upon an event of default of certain minimum required coverage ratios, which could result in full loss of value to the CLOs interests and junior debt investors. The fair value of the Company’s investments may be significantly affected by changes in interest rates. The Company’s investments in senior secured loans through CLOs are sensitive to interest rate levels and volatility. In the event of a significant rising interest rate environment and/or economic downturn, loan defaults may increase and result in credit losses which may adversely affect the Company’s cash flow, fair value of its investments and operating results. In the event of a declining interest rate environment, a faster than anticipated rate of prepayments is likely to result in a lower than anticipated yield. The significant unobservable input used to value our investments based on the yield technique and discounted cash flow technique is the market yield (or applicable discount rate) used to discount the estimated future cash flows expected to be received from the underlying investment, which includes both future principal and interest/dividend payments. Increases or decreases in the market yield (or applicable discount rate) would result in a decrease or increase, respectively, in the fair value measurement. Management and the independent valuation firms may consider the following factors when selecting market yields or discount rates: risk of default, rating of the investment and comparable company investments, and call provisions. The significant unobservable inputs used to value our investments based on the EV analysis may include market multiples of specified financial measures such as EBITDA, net income, or book value of identified guideline public companies, implied valuation multiples from precedent M&A transactions, and/or discount rates applied in a discounted cash flow technique. The independent valuation firm identifies a population of publicly traded companies with similar operations and key attributes to that of the portfolio company. Using valuation and operating metrics of these guideline public companies and/or as implied by relevant precedent transactions, a range of multiples of the latest twelve months EBITDA, or other measure such as net income or book value, is typically calculated. The independent valuation firm utilizes the determined multiples to estimate the portfolio company’s EV generally based on the latest twelve months EBITDA of the portfolio company (or other meaningful measure). Increases or decreases in the multiple would result in an increase or decrease, respectively, in EV which would result in an increase or decrease in the fair value measurement of the debt of controlled companies and/or equity investment, as applicable. In certain instances, a discounted cash flow analysis may be considered in estimating EV, in which case, discount rates based on a weighted average cost of capital and application of the capital asset pricing model may be utilized. Changes in market yields, discount rates, EBITDA multiples, each in isolation, may change the fair value measurement of certain of our investments. Generally, an increase in market yields, discount rates, or a decrease in EBITDA (or other) multiples may result in a decrease in the fair value measurement of certain of our investments. 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 our investments may fluctuate from period to period. Additionally, the fair value of our investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that we may ultimately realize. Further, such investments are generally subject to legal and other restrictions on resale or otherwise are less liquid than publicly traded securities. If we were required to liquidate a portfolio investment in a forced or liquidation sale, we could realize significantly less than the value at which we have recorded it. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected in the currently assigned valuations. Changes in Valuation Techniques During the six months ended December 31, 2023, the valuation methodology for DTI Holdco, Inc. (“DTI Holdco”) for the First Lien Term Loan changed from using a combination of the yield method approach and market quotes to solely using market quotes, since market quotes were more active in the current period. As a result of a tightening credit market spreads and an increase in the quoted price of the First Lien Term Loan, the fair value of our investment in DTI Holdco increased to $736,903 as of December 31, 2023, a premium of $16,900 from its amortized cost, compared to the $(17,735) unrealized depreciation recorded at June 30, 2023. The following table shows industries that comprise of greater than 10% of our portfolio at fair value as of December 31, 2023 and June 30, 2023: December 31, 2023 Cost Fair Value % of Portfolio Healthcare & Pharmaceuticals $ 2,456,741 $ 2,594,623 16 % Services: Business 2,625,765 2,279,109 14 % Telecommunications 2,303,386 2,018,304 12 % All Other Industries 13,804,517 9,738,451 59 % Total $ 21,190,409 $ 16,630,487 100 % June 30, 2023 Cost Fair Value % of Portfolio Healthcare & Pharmaceuticals $ 2,942,734 $ 2,880,134 13 % Services: Consumer 3,004,329 2,741,742 13 % Services: Business 2,647,846 2,507,919 11 % Telecommunications 2,283,486 2,324,213 11 % All Other Industries 14,513,236 11,461,179 52 % Total $ 25,391,631 $ 21,915,187 100 % As of December 31, 2023, investments in California and Tennessee comprised 14.3% and 12.0%, respectively, of our investments at fair value, with a cost of $2,739,931 and $1,984,384, respectively, and a fair value of $2,371,337 and $1,991,623, respectively. As of June 30, 2023 investments in Tennessee, California and Connecticut comprised, 12.0%, 10.9% and 10.3%, respectively, of our investments at fair value, with a cost of $2,698,856, $2,735,828 and $2,395,186, respectively, and a fair value of , $2,626,623, $2,387,739 and $2,264,823, respectively. The following is a reconciliation for the six months ended December 31, 2023 and 2022 of investments for which significant unobservable inputs (Level 3) were used in determining fair value: Non-Control/Non-Affiliate Investments (less than 5.00% voting control) Senior Senior Senior Secured Notes Structured Equity/Other Total Fair Value at June 30, 2023 $ 13,232,914 $ 1,416,049 $ 271,899 $ 4,386,757 $ 478,096 $ 19,785,715 Net realized gains (losses) on investments (82,766) — — — — (82,766) Net change in unrealized gains (losses) on investments (507,776) (31,932) 16,412 (339,730) (810,952) (1,673,978) Net realized and unrealized gains (losses) on investments (590,542) (31,932) 16,412 (339,730) (810,952) (1,756,744) Restructuring of investments (669,880) — — — 997,560 327,680 Payment-in-kind interest 18,818 40,052 — — — 58,870 Accretion (amortization) of purchase discount and premium, net (7,881) (7,768) (236) — — (15,885) Repayments and sales of portfolio investments (2,446,952) (17,640) — — — (2,464,592) Net Reductions to Subordinated Structured Notes and related investment cost — — — — (284,605) (284,605) Transfers into Level 3 (1) — — — — — — Transfers out of Level 3 (1) (710,099) — — — — (710,099) Fair Value at December 31, 2023 $ 8,826,378 $ 1,398,761 $ 288,075 $ 3,762,422 $ 664,704 $ 14,940,340 Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period $ (578,048) $ (31,932) $ 16,412 $ (339,730) $ (810,952) $ (1,744,250) (1) Transfers are assumed to have occurred at the beginning of the quarter during which the asset was transferred. During the six months ended December 31, 2023, one of our first lien loans transferred out of Level 3 to Level 2 due to a more significant level of market activity during the period and thus this investment was valued using observable inputs such as trades from an independent pricing service. Non-Control/Non-Affiliate Investments (less than 5.00% voting control) Senior Senior Structured Equity/Other Total Fair Value at June 30, 2022 $ 19,951,625 $ 511,464 $ 5,126,749 $ 641,000 $ 26,230,838 Net realized gains on investments — — — — — Net change in unrealized gains (losses) on investments (668,409) (33,506) (296,188) (106,397) (1,104,500) Net realized and unrealized gains (losses) on investments (668,409) (33,506) (296,188) (106,397) (1,104,500) Payment-in-kind interest — 162 — — 162 Accretion (amortization) of purchase discount and premium, net 34,021 2,722 — 36,743 Net Reductions to Subordinated Structured Notes and related investment cost — — (68,693) — (68,693) Repayments and sales of portfolio investments (1,900,887) (13,342) — (10,728) (1,924,957) Transfers into Level 3 (1) 5,422,493 — — — 5,422,493 Transfers out of Level 3 (1) (1,407,887) — — — (1,407,887) Fair Value at December 31, 2022 $ 21,430,956 $ 467,500 $ 4,761,868 $ 523,875 $ 27,184,199 Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period $ (678,500) $ (34,390) $ (296,188) $ (106,397) $ (1,115,475) (1) Transfers are assumed to have occurred at the beginning of the quarter during which the asset was transferred. During the six months ended December 31, 2022, one of our first lien loans transferred out of Level 2 to Level 3 due to a less significant level of market activity during the period and thus for these investments there were less observable inputs such as trades from independent pricing services. During the six months ended December 31, 2022, one of our first lien loans transferred out of Level 3 to Level 2 due to a more significant level of market activity during the period and thus this investment was valued using observable inputs such as trades from an independent pricing service. The following table provides quantitative information regarding significant unobservable inputs used in the fair value measurement of Level 3 investments as of December 31, 2023: Unobservable Inputs Asset Category Fair Value Primary Valuation Inputs Range Weighted Senior Secured First Lien Debt $ 379,399 Sensitivity Analysis (Current Value Method) Enterprise Values 0.30x to 0.40x 0.35x Senior Secured First Lien Debt 8,446,979 Discounted Cash Flow (Yield Analysis) Market Yield 8.67% to 26.45% 15.36% Senior Secured Second Lien 1,398,761 Discounted Cash Flow (Yield Analysis) Market Yield 17.07% to 18.82% 17.95% Senior Secured Notes 288,075 Discounted Cash Flow (Yield Analysis) Market Yield 31.34% to 56.33% 43.84% Equity/Other 664,704 Enterprise Value Waterfall (Market Approach) EBITDA multiples (x) 0.40x to 9.25x 7.81x Subordinated Structured Notes 3,762,422 Discounted Cash Flow Discount Rate 7.32% to 29.01% (1) 18.41% (1) $ 14,940,340 (1) Represents the implied discount rate based on our internally generated single-cash flows that is derived from the fair value estimated by the corresponding multi-path cash flow model utilized by the independent valuation firm. The following table provides quantitative information regarding significant unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2023: Unobservable Inputs Asset Category Fair Value Primary Valuation Inputs Range Weighted Senior Secured First Lien Debt $ 499,544 Sensitivity Analysis (Current Value Method) Enterprise Values 4.00x to 5.00x 5.00x Senior Secured First Lien Debt 12,733,370 Discounted Cash Flow (Yield Analysis) Market Yield 8.91% to 20.07% 13.12% Senior Secured Second Lien 1,416,049 Discounted Cash Flow (Yield Analysis) Market Yield 16.00% to 16.70% 16.4% Senior Secured Notes 271,899 Discounted Cash Flow (Yield Analysis) Market Yield 33.96% to 34.28% 34.12% Equity/Other 478,096 Enterprise Value Waterfall (Market Approach) EBITDA multiples (x) 5.25x to 9.25x 8.42x Subordinated Structured Notes 4,386,757 Discounted Cash Flow Discount Rate 8.35% to 33.78% (1) 24.04% (1) $ 19,785,715 (1) Represents the implied discount rate based on our internally generated single-cash flows that is derived from the fair value estimated by the corresponding multi-path cash flow model utilized by the independent valuation firm. For the three and six months ended December 31, 2023 and 2022, there were no structuring fees recognized as part of interest income on the Consolidated Statements of Operations

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company enters into contracts that contain a variety of indemnification provisions. The Company’s maximum exposure under these arrangements is unknown; however, the Company has not had prior claims or losses pursuant to these contracts. Management has reviewed the Company’s existing contracts and expects the risk of loss to the Company to be remote. The Company has a conditional obligation to reimburse the Adviser and PFIM for any amounts funded by the Adviser and PFIM under the Expense Limitation Agreement and Former Expense Limitation Agreement for any payments made by the Adviser and PFIM, respectively. The Expense Limitation Agreement and Former Expense Limitation Agreement payments are subject to repayment by the Company within the three years following the end of the quarter in which the payment was made by the Adviser or PFIM; provided that any such repayments shall be subject to the then-applicable expense limitation, if any, and the limit that was in effect at the time when the Adviser or PFIM made the payment that is subject to repayment. The Company is not currently subject to any material legal proceedings and, to the Company’s knowledge, no material legal proceedings are threatened against the Company. From time to time, the Company may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Company’s rights under contracts with its portfolio companies. While the outcome of any legal proceedings cannot be predicted with certainty, the Company does not expect that any such proceedings will have a material adverse effect upon its financial condition or results of operations.

REVOLVING CREDIT FACILITIES

REVOLVING CREDIT FACILITIES	6 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITIES	REVOLVING CREDIT FACILITIES On May 16, 2019, the Company established a $50 million senior secured revolving credit facility (the “Credit Facility”) with Royal Bank of Canada, a Canadian chartered bank, acting as administrative agent. In connection with the Credit Facility, the SPV, as borrower, and each of the other parties thereto entered into a Revolving Loan Agreement, dated as of May 16, 2019 (the “Loan Agreement”). The Credit Facility had a maturity of May 21, 2029 and, initially, bore interest at a rate of three-month LIBOR plus 1.55%. On May 11, 2020, in connection with an extension of the ramp period for the Credit Facility from May 15, 2020 to November 15, 2020, the Company agreed to the increased interest rate of three-month LIBOR plus 2.20% on the Credit Facility for the period from May 16, 2020 through November 15, 2020. Effective November 10, 2020, the end date of the ramp period of the Credit Facility was extended again, from November 15, 2020 to May 14, 2021. As a result, the interest rate on borrowings under the Credit Facility of the three-month LIBOR plus 2.20% was extended through May 14, 2021. On May 11, 2021, the end date of the ramp period of the Credit Facility was further extended from May 14, 2021 to November 15, 2021. As a result, the interest rate on borrowings under the Credit Facility of the three-month LIBOR plus 2.20% was extended through November 15, 2021. On August 26, 2021, the end date of the ramp period of the Credit Facility was further extended from November 15, 2021 to August 25, 2022. In exchange, the interest rate on borrowings under the Credit Facility of the three-month LIBOR plus 2.20% was extended permanently. On July 6, 2022, the end date of the ramp period of the Credit Facility was further extended from August 25, 2022 to August 25, 2023. In connection with such extension, the interest rate on borrowings under the Credit Facility was amended from three-month LIBOR plus 2.20% to Secured Overnight Financing Rate (“SOFR”) plus 2.20%. On March 24, 2023, (i) the end date of the ramp period of the Credit Facility was further extended from August 25, 2023 to October 25, 2023 and (ii) the Loan Agreement was amended to require sales of collateral and/or receipt of capital contributions in a combined amount to have generated proceeds (on a trade date basis) (x) during the period from March 24, 2023 through April 30, 2023, in the Initial Amount (the "Initial Amount") of $4,000,000, and (y) during each month thereafter in an amount equal to $2,000,000 (the "Required Amount") with any amount in excess of the total Required Amount plus the Initial Amount contributing to the Required Amount for the next month. In connection with such extension and amendment, the interest rate on borrowings under the Credit Facility was reduced from SOFR plus 2.20% to SOFR plus 1.55%. The Credit Facility was secured by substantially all of the SPV’s properties and assets. Under the Loan Agreement, the SPV made certain customary representations and warranties and was required to comply with various covenants, including reporting requirements and other customary requirements for similar credit facilities. The Loan Agreement included usual and customary events of default for credit facilities of this nature. On November 7, 2022, Royal Bank of Canada granted a waiver of any non-compliance with certain waterfall provisions in the Loan Agreement that may have occurred prior to November 7, 2022. Further non-compliance with certain waterfall provisions was permitted through January 31, 2023. On September 21, 2023, the Company entered into a senior secured revolving credit agreement (the "Senior Secured Revolving Credit Facility"), by and among the Company, as borrower, the lenders party thereto, and SMBC, as administrative agent. In conjunction with the closing of the Senior Secured Revolving Credit Facility, we terminated the Credit Facility. As of December 31, 2023, there was a $4,200,000 balance on the Senior Secured Revolving Credit Facility. As of December 31, 2023 and June 30, 2023, we had $0 and $8,600,000, respectively, outstanding on our Credit Facility. As of December 31, 2023 and June 30, 2023, the investments used as collateral for the Credit Facility had an aggregate fair value of $0 and $16,278,891, respectively, which represents 0% and 74% of our total investments for each period, respectively. These securities are not available as collateral to the Company's general creditors. As of December 31, 2023 and June 30, 2023, cash balances of $0 and $61,833, respectively, were used as collateral for the Credit Facility. In connection with the origination of the Credit Facility, we incurred $636,342 in fees, all of which were amortized over the term of the facility. As of December 31, 2023 and June 30, 2023, $0 and $230,022, respectively, remains to be amortized and is reflected as deferred financing costs on the Consolidated Statements of Assets and Liabilities . During the three months ended December 31, 2023 and 2022, we recorded $0 and $320,992 respectively, of interest costs and amortization of financing costs on the Credit Facility as interest expense. During the six months ended December 31, 2023 and 2022, we recorded $163,178 and $590,250 respectively, of interest costs and amortization of financing costs on the Credit Facility as interest expense. During the three months ended December 31, 2023 and 2022, we realized a loss on the extinguishment of debt in the amount of $0, respectively. During the six months ended December 31, 2023 and 2022, we realized a loss on the extinguishment of debt in the amount of $(66,844) and $0, respectively. The Senior Secured Revolving Credit Facility provides for borrowings in U.S. dollars and certain agreed upon foreign currencies in an initial aggregate amount of up to $20,000,000 with an option for the Company to request, at one or more times, that existing and/or new lenders, at their election, provide up to $150,000,000 in aggregate. The Senior Secured Revolving Credit Facility provides for swingline loans in an aggregate principal amount at any time outstanding that will not exceed $5,000,000. Availability under the Senior Secured Revolving Credit Facility will terminate on the earlier of the Commitment Termination Date of September 19, 2025 or the date of termination of the revolving commitments thereunder, and the outstanding loans under the Senior Secured Revolving Credit Facility will mature on September 21, 2026. The Senior Secured Revolving Credit Facility also requires mandatory prepayment of interest and principal upon certain events, including after the date of termination of the revolving commitments thereunder from asset sales, extraordinary receipts, returns of capital, equity issuances, and incurrence of indebtedness, with certain exceptions and minimum amount thresholds. Borrowings under the Senior Secured Revolving Credit Facility are subject to compliance with a borrowing base test. Amounts drawn under the Senior Secured Revolving Credit Facility in U.S. dollars will bear interest at either term SOFR plus a credit spread adjustment of 0.10% plus 2.5%, or the prime rate plus 1.5%. The Company may elect either the term SOFR or prime rate at the time of drawdown, and loans denominated in U.S. dollars may be converted from one rate to another at any time at the Company’s option, subject to certain conditions. Amounts drawn under the Senior Secured Revolving Credit Facility in other permitted currencies will bear interest at the relevant rate specified therein plus 2.5%. During the period commencing on September 21, 2023 and ending on the earlier of the Commitment Termination Date or the date of termination of the revolving commitments under the Senior Secured Revolving Credit Facility, the Company will pay a commitment fee of 0.375% per annum (based on the immediately preceding quarter’s average usage) on the daily unused amount of the commitments then available thereunder. In connection with the Senior Secured Revolving Credit Facility, the Company has made certain representations and warranties and must comply with various covenants and reporting requirements customary for facilities of this type. In addition, the Company must comply with the following financial covenants with respect to the Company and its consolidated subsidiaries: (a) the Company must maintain a minimum shareholders’ equity, measured as of each fiscal quarter end; and (b) the Company must maintain at all times an asset coverage ratio not less than 150%. The Senior Secured Revolving Credit Facility contains events of default customary for facilities of this type. Upon the occurrence of an event of default, the Administrative Agent, at the request of the required lenders, may terminate the commitments and declare the outstanding advances and all other obligations under the Senior Secured Revolving Credit Facility immediately due and payable. The Company’s obligations under the Senior Secured Revolving Credit Facility are guaranteed by Prospect Flexible Funding, LLC, a subsidiary of the Company, and will be guaranteed by certain domestic subsidiaries of the Company that are formed or acquired by the Company in the future. The Company’s obligations under the Senior Secured Revolving Credit Facility are secured by a first priority security interest in substantially all of the assets of the Company and certain of the Company’s subsidiaries. During the six months ended December 31, 2023 , the Company entered into the Senior Secured Revolving Credit Facility. As of December 31, 2023, we had $4,200,000 outstanding on our Senior Secured Revolving Credit Facility. As of December 31, 2023, the investments used as collateral for the Senior Secured Revolving Credit Facility had an aggregate fair value of $16,630,487, which represents 100% of our total investments for the period. As of December 31, 2023, cash balances of $505,541 were used as collateral for the Senior Secured Revolving Credit Facility. The fair value of the Senior Secured Revolving Credit Facility was $4,200,000 and is categorized as Level 2 under ASC 820 as of December 31, 2023. The fair value of the Senior Secured Revolving Credit Facility is equal to its carrying value as the Senior Secured Revolving Credit Facility is repriced to a market rate of interest frequently. In connection with the origination of the Senior Secured Revolving Credit Facility, we incurred $884,762 in fees, all of which are being amortized over the term of the Senior Secured Revolving Credit Facility. As of December 31, 2023, $806,503 remains to be amortized and is reflected as deferred financing costs on the Consolidated Statements of Assets and Liabilities . During the three and six months ended December 31, 2023, we recorded $197,033 and $257,224, respectively, of interest costs and amortization of financing costs on the Senior Secured Revolving Credit Facility as interest expense.

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS	6 Months Ended
	Dec. 31, 2023
Investment Company [Abstract]
FINANCIAL HIGHLIGHTS	FINANCIAL HIGHLIGHTS The following is a schedule of financial highlights for each of the three and six months ended December 31, 2023 and 2022: Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 (unaudited) (unaudited) (unaudited) (unaudited) Per Share Data (a) : Net asset value at beginning of period $ 5.44 $ 6.67 $ 6.10 $ 7.03 Net investment income (loss) (0.12) 0.06 (0.21) 0.09 Net realized and unrealized (losses) on investments (0.11) (0.39) (0.54) (0.63) Net realized (losses) on extinguishment of debt — — (0.03) — Net decrease in net assets resulting from operations (0.23) (0.33) (0.78) (0.54) Distributions (b) Return of capital distributions (0.10) (0.02) (0.20) (0.06) Distributions from net investment income — (0.10) — (0.2) Total Distributions (0.10) (0.12) (0.20) (0.26) Other (c) 0.01 0.01 — — Net asset value at end of period $ 5.12 $ 6.23 $ 5.12 $ 6.23 Total return based on net asset value (d) (4.21) % (4.93) % (13.08) % (7.94) % Supplemental Data: Net assets at end of period $ 12,317,524 $ 14,767,963 $ 12,317,524 $ 14,767,963 Average net assets $ 12,712,175 $ 15,306,706 $ 13,372,737 $ 15,771,462 Average shares outstanding 2,406,920 2,373,798 2,405,143 2,374,492 Ratio to average net assets: Total annual expenses (e) 26.14 % 21.59 % 25.15 % 21.08 % Total annual expenses (after expense limitation agreement) (e) 23.81 % 18.82 % 22.79 % 18.31 % Net investment income (loss) (e) (8.85) % 3.96 % (7.53) % 2.83 % Portfolio Turnover — % — % — % — % (a) Calculated based on weighted average shares outstanding. (b) The per share data for distributions is the actual amount of distributions paid or payable per share of common stock outstanding during the year. Distributions per share are rounded to the nearest $0.01. (c) The amount shown represents the balancing figure derived from the other figures in the schedule, and is primarily attributable to the accretive effects from the sales of the Company’s shares and the effects of share repurchases during the period. (d) Total return is based upon the change in net asset value per share between the opening and ending net asset values per share during the period and assumes that distributions are reinvested in accordance with the Company’s distribution reinvestment plan. The computation does not reflect the sales load for any class of shares. Total return based on market value is not presented since the Company’s shares are not publicly traded. Total return has not been annualized. (e) Annualized for the three and six months ended December 31, 2023 and 2022. The following is a schedule of financial highlights for each of the five years ended in the period ended June 30, 2023: Year Ended Year Ended Year Ended Year Ended Year Ended June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 (e) Per Share Data (a) : Net asset value at beginning of year $ 7.03 $ 8.36 $ 8.28 $ 9.88 $ 9.89 Net investment income (loss) 0.20 0.31 (0.08) 0.24 0.91 Net realized and unrealized (losses) gains on investments (0.65) (1.05) 0.82 (1.22) (1.11) Net increase (decrease) in net assets resulting from operations (0.45) (0.74) 0.74 (0.98) (0.20) Distributions (b) Return of capital distributions (f) (0.28) (0.16) (0.46) (0.57) (0.54) Distributions from net investment income (f) (0.20) (0.43) (0.19) (0.15) (0.03) Total Distributions (0.48) (0.59) (0.65) (0.72) (0.57) Offering costs — — — — 0.61 Other (c) — — (0.01) 0.10 0.15 Net asset value at end of year 6.10 $ 7.03 $ 8.36 $ 8.28 $ 9.88 Total return based on net asset value (d) (6.67) % (9.60) % 9.03 % (10.13) % 7.52 % Supplemental Data: Net assets at end of year $ 14,693,862 $ 16,700,975 $ 19,947,807 $ 19,558,400 $ 23,410,715 Average net assets $ 15,303,274 $ 18,912,658 $ 20,055,524 $ 21,234,189 $ 12,536,923 Average shares outstanding 283,649 2,380,229 2,377,461 2,366,005 1,297,582 Ratio to average net assets: Total annual expenses 21.06 % 15.70 % 20.07 % 16.41 % 23.48 % Total annual expenses (after expense support agreement/expense limitation agreement) 18.3 % 12.47 % 18.44 % 13.07 % 9.11 % Net investment income (loss) 3.2 % 3.95 % (0.93) % 2.67 % 2.15 % Portfolio Turnover — % 35.34 % 17.83 % 24.56% 93.42 % (a) Calculated based on weighted average shares outstanding. (b) The per share data for distributions is the actual amount of distributions paid or payable per share of common stock outstanding during the year. Distributions per share are rounded to the nearest $0.01. (c) The amount shown represents the balancing figure derived from the other figures in the schedule, and is primarily attributable to the accretive effects from the sales of the Company’s shares and the effects of share repurchases during the year. (d) Total return is based upon the change in net asset value per share between the opening and ending net asset values per share during the year and assumes that distributions are reinvested in accordance with the Company’s distribution reinvestment plan. The computation does not reflect the sales load for any class of shares. Total return based on market value is not presented since the Company’s shares are not publicly traded. (e) Data presented for the year ended June 30, 2019 includes the shareholder activity of PWAY Class A and Class I shares, prior to the Merger and conversion into shares of the Company. The net asset value per share at beginning of year has been adjusted by the exchange ratio used in the Merger. (f) The amounts reflected for the year ended June 30, 2022 and 2021 were updated based on tax information received subsequent to our Form 10-K filing for the year ended June 30, 2022 and 2021. Certain reclassifications have been made in the presentation of prior period amounts. See Note 2 and Note 6 within the accompanying notes to the consolidated financial statements for further discussion. Information about our senior securities is shown in the following table since June 30, 2019. As of December 31, 2023 and June 30, 2023, our asset coverage ratio stood at 393% and 271%, respectively, based on the outstanding principal amount of our senior securities representing indebtedness. Revolving Credit Facility Total Amount Outstanding Asset Coverage per Unit(1) Involuntary Liquidating Preference per Unit(2) Average Market Value per Unit(2) December 31, 2023 $ 4,200,000 $ 3,933 — — September 30, 2023 $ 6,200,000 $ 3,114 — — June 30, 2023 $ 8,600,000 $ 2,709 — — March 31, 2023 $ 15,477,000 $ 1,937 — — December 31, 2022 $ 17,800,000 $ 1,830 — — September 30, 2022 $ 20,000,000 $ 1,792 — — June 30, 2022 $ 20,500,000 $ 1,815 — — March 31, 2022 $ 21,000,000 $ 1,895 — — December 31, 2021 $ 21,000,000 $ 1,924 — — September 30, 2021 $ 21,000,000 $ 1,938 — — June 30, 2021 $ 21,000,000 $ 1,950 — — March 31, 2021 $ 21,000,000 $ 1,971 — — December 31, 2020 $ 21,000,000 $ 1,976 — — September 30, 2020 $ 21,000,000 $ 1,947 — — June 30, 2020 $ 21,000,000 $ 1,931 — — March 31, 2020 $ 21,000,000 $ 1,914 — — December 31, 2019 $ 21,000,000 $ 2,018 — — September 30, 2019 $ 15,500,000 $ 2,461 — — June 30, 2019 $ 5,500,000 $ 5,256 — — (1) The asset coverage ratio is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by secured senior securities representing indebtedness. This asset coverage ratio is multiplied by $1,000 to determine the Asset Coverage Per Unit. (2) This column is inapplicable.

NET INCREASE (DECREASE) IN NET

NET INCREASE (DECREASE) IN NET ASSETS PER SHARE	6 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
NET INCREASE (DECREASE) IN NET ASSETS PER SHARE	NET INCREASE (DECREASE) IN NET ASSETS PER SHARE The following information sets forth the computation of net increase in net assets resulting from operations per share during the three and six months ended December 31, 2023 and 2022. Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Net decrease in net assets resulting from operations $ (546,884) $ (774,616) $ (1,869,304) $ (1,291,928) Weighted average common shares outstanding 2,406,920 2,373,798 2,405,143 2,374,492 Net decrease in net assets resulting from operations per share $ (0.23) $ (0.33) $ (0.78) $ (0.54)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Management has evaluated all known subsequent events through the date of issuance of these consolidated financial statements and notes the following: Issuance of Common Stock For the period beginning January 1, 2024 and ending February 12, 2024, the Company issued 12,752 shares pursuant to its distribution reinvestment plan in the amount of $68,483. On January 30, 2024, the Company accepted a subscription agreement from the Adviser for the sale of $10.0 million of the Company's Class A common stock at a purchase price per share equal to the Company's net asset value per share as of January 31, 2024. The exact number of shares sold will not be known until the Company's net asset value per share as of January 31, 2024 is determined, which is expected in the middle of February 2024. The shares are issued as of February 1, 2024. The offer and sale of these shares are exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof and Regulation D thereunder. Investment Activity During the period beginning January 1, 2024 and ending February 12, 2024, the Company made five investments totaling $8,283,950. Subsequent to December 31, 2023, Research Now signed a forbearance agreement amending the cash payment rate. A portion of the interest payment due on February 1, 2024 was adjusted from three month SOFR plus 5.5% to three month SOFR plus 1.00% for the interest period from November 1, 2023 through February 1, 2024. Senior Secured Revolving Credit Facility On February 1, 2024, we paid down $4,200,000 on the Senior Secured Revolving Credit Facility. As of February 12, 2024, there was a $0 outstanding Senior Secured Revolving Credit Facility balance. On January 30, 2024, the Company entered into the first amendment (the “First Amendment”) to the Senior Secured Revolving Credit Agreement. Among other changes, the First Amendment amends the original Senior Secured Revolving Credit Agreement to provide for an increase in the aggregate commitment from $20,000,000 to $65,000,000. On February 1, 2024, there was an Automatic Commitment Increase which increased the aggregate commitment from $65,000,000 to $75,000,000. Distributions On February 8, 2024, the Board of Directors declared a distribution for the month of February 2024, which reflects a targeted annualized distribution rate of 7.00% based on the current net asset value per share for the second fiscal quarter ended December 31, 2023. The distribution has a monthly record date as of the close of business of the last Friday in February 2024 and equals a weekly amount of $0.00685 per share of common stock. The distribution will be paid to stockholders of record as of the monthly record date set forth below. Record Date Payment Date PFLOAT Class A Common Shares, per share February 23, 2024 March 1, 2024 $0.02740

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 13, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ (546,884)	$ (774,616)	$ (1,869,304)	$ (1,291,928)	$ (1,662,664)	$ (3,303,225)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
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

N-2

N-2 - USD ($)	6 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Cover [Abstract]
Entity Central Index Key	0001521945
Amendment Flag	false
Securities Act File Number	814-00908
Document Type	10-Q
Entity Registrant Name	Prospect Floating Rate and Alternative Income Fund, Inc.
Entity Address, Address Line One	10 East 40th Street
Entity Address, Address Line Two	42nd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10016
City Area Code	212
Local Phone Number	448-0702
Entity Emerging Growth Company	false
General Description of Registrant [Abstract]
Investment Objectives and Practices [Text Block]	Our investment objective is to generate current income and, as a secondary objective, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. Under normal market conditions, we will invest at least 80% of our net assets (plus any borrowings for investment purposes) in floating rate loans and other income producing investments. We will provide shareholders with 60 days' advanced notice prior to changing this 80% investment policy. We intend to meet our investment objective by primarily lending to and investing in the debt of privately-owned U.S. middle market companies, which we define as companies with annual revenue between $50 million and $2.5 billion. We have elected and intend to continue to qualify annually to be taxed for U.S. federal income tax purposes as a regulated investment company ("RIC") under the Internal Revenue Code of 1986, as amended (the "Code").
NAV Per Share	$ 5.12	$ 5.44	$ 6.10		$ 6.23	$ 6.67	$ 7.03				$ 8.36				$ 8.28				$ 9.88	$ 9.89
Credit Facility1 [Member]
Financial Highlights [Abstract]
Senior Securities Amount	$ 4,200,000	$ 6,200,000	$ 8,600,000	$ 15,477,000	$ 17,800,000	$ 20,000,000	$ 20,500,000	$ 21,000,000	$ 21,000,000	$ 21,000,000	$ 21,000,000	$ 21,000,000	$ 21,000,000	$ 21,000,000	$ 21,000,000	$ 21,000,000	$ 21,000,000	$ 15,500,000	$ 5,500,000
Senior Securities Coverage per Unit	$ 3,933	$ 3,114	$ 2,709	$ 1,937	$ 1,830	$ 1,792	$ 1,815	$ 1,895	$ 1,924	$ 1,938	$ 1,950	$ 1,971	$ 1,976	$ 1,947	$ 1,931	$ 1,914	$ 2,018	$ 2,461	$ 5,256

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation and Consolidation. The accompanying interim consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and pursuant to the requirements for reporting on Form 10-Q, ASC 946, Financial Services—Investment Companies
Consolidation	Basis of Presentation and Consolidation. The accompanying interim consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and pursuant to the requirements for reporting on Form 10-Q, ASC 946, Financial Services—Investment Companies
Management Estimates and Assumptions	Management Estimates and Assumptions. The preparation of the consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of income, expenses, and gains and losses during the reported period. Changes in the economic environment, financial markets, creditworthiness of the issuers of our investment portfolio and any other parameters used in determining these estimates could cause actual results to differ, and these differences could be material.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash.
Investment Transactions, Risks and Classification	Investment Transactions. Investments are recognized when we assume an obligation to acquire a financial instrument and assume the risks for gains or losses related to that instrument. Specifically, we record all security transactions on a trade date basis. We determine the fair value of our investments on a quarterly basis (as discussed in Investment Valuation below), with quarter over quarter fluctuations in fair value reflected as a net change in unrealized gains (losses) from investments in the Consolidated Statements of Operations . Investments are derecognized when we assume an obligation to sell a financial instrument and forego the risks for gains or losses related to that instrument. Realized gains or losses on the sale of investments are calculated using the specific identification method. Amounts for investments and or cash equivalents traded but not yet settled are reported in payable for open trades or receivable for open trades in the Consolidated Statements of Assets and Liabilities . As of December 31, 2023 and June 30, 2023, we have no assets going through foreclosure. Investment Risks Our investments are subject to a variety of risks. Those risks include the following: Market Risk Market risk represents the potential loss that can be caused by a change in the fair value of the financial instrument. Credit Risk Credit risk represents the risk that we would incur if the counterparties failed to perform pursuant to the terms of their agreements with us. Credit Spread Risk Credit spread risk represents the risk that with higher interest rates comes a higher risk of defaults. Default Risk Default risk is the risk that a borrower will be unable to make the required payments on their debt obligation. Downgrade Risk Downgrade risk results when rating agencies lower their rating on a bond which are usually accompanied by bond price declines. Liquidity Risk Liquidity risk represents the possibility that we may not be able to rapidly adjust the size of our investment positions in times of high volatility and financial stress at a reasonable price. Interest Rate Risk Interest rate risk represents a change in interest rates, which could result in an adverse change in the fair value of an interest-bearing financial instrument. Prepayment Risk Many of our debt investments allow for prepayment of principal without penalty. Downward changes in interest rates may cause prepayments to occur at a faster than expected rate, thereby effectively shortening the maturity of the security and making us less likely to fully earn all of the expected income of that security and reinvesting in a lower yielding instrument. Other Risks Political developments, including civil conflicts and war, sanctions or other measures by the United States or other governments, natural disasters, public health crises and other events outside the Company’s control can directly or indirectly have a material adverse impact on the Company and our portfolio companies. Structured Credit Related Risk CLO investments may be riskier and less transparent to us than direct investments in underlying companies. CLOs typically will have no significant assets other than their underlying senior secured loans. Therefore, payments on CLO investments are and will be payable solely from the cash flows from such senior secured loans. Investment Classification . We are a non-diversified company within the meaning of the 1940 Act. As required by the 1940 Act, we classify our investments by level of control. As defined in the 1940 Act, “Control Investments” are those where there is the ability or power to exercise a controlling influence over the management or policies of a company. Control is generally deemed to exist when a company or individual possesses or has the right to acquire within 60 days or less, a beneficial ownership of more than 25% of the voting securities of an investee company. Under the 1940 Act, “Affiliate Investments” are defined by a lesser degree of influence and are deemed to exist through the possession outright or via the right to acquire within 60 days or less, beneficial ownership of 5% or more of the outstanding voting securities of another person. “Non-Control/Non-Affiliate Investments” are those that are neither Control Investments nor Affiliate Investments.
Investment Valuation	Investment Valuation. As a BDC, and in accordance with the 1940 Act, we fair value our investment portfolio on a quarterly basis, with any unrealized gains and losses reflected in net increase (decrease) in net assets resulting from operations on our Consolidated Statements of Operations . To value our investments, we follow the guidance of ASC 820, Fair Value Measurement (“ASC 820”), that defines fair value, establishes a framework for measuring fair value in conformity with GAAP, and requires disclosures about fair value measurements. In accordance with ASC 820, the fair value of our investments is defined as the price that we would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market in which that investment is transacted. ASC 820 classifies the inputs used to measure these fair values into the following hierarchy: Level 1. Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. Level 2. Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3. Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. Our Board of Directors has established procedures for the valuation of our investment portfolio. These procedures are detailed below. Investments for which market quotations are readily available are valued at such market quotations. For most of our investments, market quotations are not available. With respect to investments for which market quotations are not readily available or when such market quotations are deemed not to represent fair value, due to factors such as volume and frequency of price quotes, our Board of Directors has approved a multi-step valuation process each quarter, as described below. 1. Each portfolio company or investment is reviewed by our investment professionals with independent valuation firms engaged by our Board of Directors. 2. The independent valuation firms prepare independent valuations for each investment based on their own independent assessments and issue their report. 3. The Audit Committee of our Board of Directors reviews and discusses with the independent valuation firms the valuation reports, and then makes a recommendation to the Board of Directors of the value for each investment. 4. The Board of Directors discusses valuations and determines the fair value of each investment in our portfolio in good faith based on the input of the Adviser, the respective independent valuation firm and the Audit Committee. For intra-quarter periods and pursuant to Rule 2a-5, the Board of Directors has designated the Adviser as the valuation designee (the “Valuation Designee”) for the purpose of performing fair value determinations for investments for which market quotations are not readily available, or when such market quotations are deemed not to represent fair value. The Board of Directors has approved a multi-step valuation process for such intra-quarter investment valuations, as described below, and such investments are classified in Level 3 of the fair value hierarchy: 1. The Adviser will start with the most recent quarterly valuations determined pursuant to the process described above. 2. The Adviser will calculate the estimated earnings per share for each investment in order to adjust the valuation of that investment for income that is expected to be realized. 3. The Adviser will consider other factors that should be taken into account in order to adjust the valuations, including, market changes in expected returns for similar investments; performance improvement or deterioration which would change the margin added to the base interest rate charged; the nature and realizable value of any collateral; the issuer’s ability to make payments and its earnings and discounted cash flow; the markets in which the issuer does business; comparisons to publicly traded securities; and other relevant factors. Our non-CLO investments that are classified as Level 3 are valued utilizing a yield technique, enterprise value (“EV”) technique, net asset value technique, asset recovery technique, discounted cash flow technique, or a combination of techniques, as appropriate. The yield technique uses loan spreads for loans and other relevant information implied by market data involving identical or comparable assets or liabilities. Under the EV technique, the EV of a portfolio company is first determined and allocated over the portfolio company’s securities in order of their preference relative to one another (i.e., “waterfall” allocation). To determine the EV, we typically use a market (multiples) valuation approach that considers relevant and applicable market trading data of guideline public companies, transaction metrics from precedent merger and acquisitions transactions, and/or a discounted cash flow technique. The net asset value technique, an income approach, is used to derive a value of an underlying investment by dividing a relevant earnings stream by an appropriate capitalization rate. For this purpose, we consider capitalization rates for similar properties as may be obtained from guideline public companies and/or relevant transactions. The asset recovery technique is intended to approximate the net recovery value of an investment based on, among other things, assumptions regarding liquidation proceeds based on a hypothetical liquidation of a portfolio company’s assets. The discounted cash flow technique converts future cash flows or earnings to a range of fair values from which a single estimate may be derived utilizing an appropriate discount rate. The fair value measurement is based on the net present value indicated by current market expectations about those future amounts. In applying these methodologies, additional factors that we consider in valuing our investments may include, as we deem relevant: security covenants, call protection provisions, and information rights; the nature and realizable value of any collateral; the portfolio company’s ability to make payments; the principal markets in which the portfolio company does business; publicly available financial ratios of peer companies; the principal market; and enterprise values, among other factors. Our investments in CLOs are classified as Level 3 fair value measured securities under ASC 820 and are valued using a discounted multi-path cash flow model. The CLO structures are analyzed to identify the risk exposures and to determine an appropriate call date (i.e., expected maturity). These risk factors are sensitized in the multi-path cash flow model using Monte Carlo simulations, which is a simulation used to model the probability of different outcomes, to generate probability-weighted (i.e., multi-path) cash flows from the underlying assets and liabilities. These cash flows are discounted using appropriate market discount rates, and relevant data in the CLO market as well as certain benchmark credit indices are considered, to determine the value of each CLO investment. In addition, we generate a single-path cash flow utilizing our best estimate of expected cash receipts, and assess the reasonableness of the implied discount rate that would be effective for the value derived from the multi-path cash flows. We are not responsible for and have no influence over the asset management of the portfolios underlying the CLO investments we hold, as those portfolios are managed by non-affiliated third-party CLO collateral managers. The main risk factors are default risk, prepayment risk, interest rate risk, downgrade risk, and credit spread risk.
Revenue Recognition	Revenue Recognition. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis. Accretion of such purchase discounts or amortization of such premiums is calculated using the effective interest method as of the settlement date and adjusted only for material amendments or prepayments. Upon the prepayment of a loan or bond, any unamortized discount or premium is recorded as interest income. The Company records dividend income on the ex-dividend date. The Company does not accrue as a receivable interest or dividends on loans and securities if it has reason to doubt its ability to collect such income. Loans are placed on non-accrual status when there is reasonable doubt that principal or interest will be collected. Unpaid accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans are either applied to the cost basis or interest income, depending upon management’s judgment of the collectibility of the loan receivable. Non-accrual loans are restored to accrual status when past due principal and interest is paid and in management’s judgment, is likely to remain current and future principal and interest collections when due are probable. Interest received and applied against cost while a loan is on non-accrual, and PIK interest capitalized but not recognized while on non-accrual, is recognized prospectively on the effective yield basis through maturity of the loan when placed back on accrual status, to the extent deemed collectible by management. As of December 31, 2023 and June 30, 2023, the Company did not have any loans on non-accrual status. Upfront structuring fees are recorded as fee income when earned. The Company records prepayment premiums on loans and securities as fee income when it receives such amounts. Some of our loans and other investments may have contractual payment-in-kind (“PIK”) interest or dividends. PIK income computed at the contractual rate is accrued into income and reflected as receivable up to the capitalization date. PIK investments offer issuers the option at each payment date of making payments in cash or in additional securities. When additional securities are received, they typically have the same terms, including maturity dates and interest rates as the original securities issued. On these payment dates, we capitalize the accrued interest (reflecting such amounts in the basis as additional securities received). PIK generally becomes due at maturity of the investment or upon the investment being called by the issuer. At the point that we believe PIK is not fully expected to be realized, the PIK investment will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are reversed from the related receivable through interest or dividend income, respectively. We do not reverse previously capitalized PIK interest or dividends. Upon capitalization, PIK is subject to the fair value estimates associated with their related investments. PIK investments on non-accrual status are restored to accrual status if we believe that PIK is expected to be realized. Interest income from investments in Structured Subordinated Notes (typically preferred shares, income notes or subordinated notes of CLO funds) is recorded based on an estimation of an effective yield to expected maturity utilizing assumed future cash flows in accordance with ASC 325-40, Beneficial Interest in the Securitized Financial Assets
Due from and to Adviser	Due from and to Adviser. Amounts due from the Adviser are for amounts waived under the ELA, respectively (as such terms are defined in Note 4) and amounts due to PFIM and the Adviser are for base management fees, incentive fees, operating expenses and offering and organization expenses paid on our behalf. All balances due from and to the Adviser are settled quarterly.
Payment-In-Kind Interest	Payment-In-Kind Interest. The Company has certain investments in its portfolio that contain a PIK interest provision, which represents contractual interest or dividends that are added to the principal balance and recorded as income. For the three months ended December 31, 2023 and 2022, PIK interest included in interest income totaled $36,876 and $0, respectively. For the six months ended December 31, 2023 and 2022, PIK interest included in interest income totaled $58,870 and $162 respectively. To maintain RIC tax treatment, and to avoid corporate tax, substantially all of this income must be paid out to the stockholders in the form of distributions, even though the Company has not yet collected the cash.
Offering Costs and Expenses	Offering Costs and Expenses. The Company will incur certain costs and expenses in connection with the Private Offering and registering to sell shares of its common stock. These costs and expenses principally relate to certain costs and expenses for advertising and sales, printing and marketing costs, professional and filing fees. Offering costs incurred by the Company were capitalized to deferred offering costs on the Consolidated Statements of Assets and Liabilities
Dividends and Distributions	Dividends and Distributions.
Financing Costs	Financing Costs. We record origination expenses related to our Revolving Credit Facility and Senior Secured Revolving Credit Facility as deferred financing costs. These expenses are deferred and amortized as part of interest expense using the straight-line method over the stated life of the obligation of our revolving credit facility. (See Note 10 for further discussion.)
Per Share Information	Per Share Information. Net increase or decrease in net assets resulting from operations per share is calculated using the weighted average number of common shares outstanding for the period presented. (See Note 11 for further discussion.)
Net Realized and Net Change in Unrealized Gains or Losses	Net Realized and Net Change in Unrealized Gains or Losses. Gains or losses on the sale of investments are calculated by using the specific identification method. The Company measures realized gains or losses by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment, without regard to unrealized appreciation or depreciation previously recognized, but considering unamortized upfront fees. Net change in unrealized appreciation or depreciation reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized gains or losses when gains or losses are realized.
Federal and State Income Taxes	Federal and State Income Taxes. The Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and intends to continue to comply with the requirements of the Code applicable to RICs. As a RIC, the Company is required to distribute at least 90% of its investment company taxable income and intends to distribute (or retain through a deemed distribution) all of its investment company taxable income and net capital gain to stockholders; therefore, the Company has made no provision for income taxes. The character of income and gains that the Company will distribute is determined in accordance with income tax regulations that may differ from GAAP. Book and tax basis differences relating to stockholder dividends and distributions and other permanent book and tax differences are reclassified to paid-in capital. If the Company does not distribute (or is not deemed to have distributed) at least 98% of its annual ordinary income and 98.2% of its net capital gains in the calendar year earned, it will generally be required to pay an excise tax equal to 4% of the amount by which 98% of its annual ordinary income and 98.2% of its capital gains exceeds the distributions from such taxable income for the year. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such taxable income, it accrues excise taxes, if any, on estimated excess taxable income. As of December 31, 2023, the Company expects to have no excise tax due for the 2023 calendar year. As of December 31, 2023, the Company has accrued $0 of excise tax for this period. If the Company fails to satisfy the annual distribution requirement or otherwise fails to qualify as a RIC in any taxable year, it would be subject to tax on all of its taxable income at regular corporate income tax rates. The Company would not be able to deduct distributions to stockholders, nor would it be required to make distributions. Distributions would generally be taxable to the Company’s individual and other non-corporate taxable stockholders as ordinary dividend income eligible for the reduced maximum rate applicable to qualified dividend income to the extent of its current and accumulated earnings and profits, provided certain holding period and other requirements are met. Subject to certain limitations under the Code, corporate distributions would be eligible for the dividends-received deduction. To qualify again to be taxed as a RIC in a subsequent year, the Company would be required to distribute to its shareholders its accumulated earnings and profits attributable to non-RIC years. In addition, if the Company failed to qualify as a RIC for a period greater than two taxable years, then, in order to qualify as a RIC in a subsequent year, it would be required to elect to recognize and pay tax on any net built-in gain (the excess of aggregate gain, including items of income, over aggregate loss that would have been realized if we had been liquidated) or, alternatively, be subject to taxation on such built-in gain recognized for a period of five years. The Company follows ASC 740, Income Taxes (“ASC 740”). ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the consolidated financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing our tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. As of December 31, 2023, the Company did not record any unrecognized tax benefits or liabilities. Management’s determinations regarding ASC 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof. Although the Company files both federal and state income tax returns, its major tax jurisdiction is federal. The Company’s federal tax returns for the tax years ended December 31, 2020 and thereafter remain subject to examination by the Internal Revenue Service.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company considers the applicability and impact of all accounting standard updates (“ASU”) issued by the Financial Accounting Standards Board. The Company has assessed currently issued ASUs and has determined that they are not applicable or are expected to have minimal impact on its consolidated financial statements.

SHARE TRANSACTIONS (Tables)

SHARE TRANSACTIONS (Tables)	6 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Common Stock Activity	Below is a summary of transactions with respect to shares of common stock of PFLOAT during the three and six months ended December 31, 2023 and 2022: Three Months Ended December 31, 2023 Three Months Ended December 31, 2022 PFLOAT Class A Common Shares PFLOAT Class A Common Shares Shares Amount Shares Amount Shares issued through reinvestment of distributions 18,388 $ 107,933 19,727 $ 133,748 Repurchase of common shares (21,112) (113,371) (23,434) (155,832) Net (decrease)/increase from capital transactions (2,724) $ (5,438) (3,707) $ (22,084) Six Months Ended December 31, 2023 Six Months Ended December 31, 2022 PFLOAT Class A Common Shares PFLOAT Class A Common Shares Shares Amount Shares Amount Shares issued through reinvestment of distributions 36,803 $ 219,938 40,904 $ 287,029 Repurchase of common shares (41,075) (234,940) (45,252) (308,337) Net (decrease)/increase from capital transactions (4,272) $ (15,002) (4,348) $ (21,308)
Schedule of Shares Repurchased	Below is a summary of transactions with respect to shares of common stock during each tender offer: Quarterly Offer Date Repurchase Effective Date Shares Percentage of Shares Repurchase Price Aggregate Three months ended December 31, 2023 December 31, 2023 November 9, 2023 21,112 7 % $ 5.37 $ 113,371 Total for the three months ended December 31, 2023 21,112 $ 113,371 Six months ended December 31, 2023 September 30, 2023 July 31, 2023 19,963 7 % $ 6.09 $ 121,569 December 31, 2023 November 9, 2023 21,112 7 % $ 5.37 113,371 Total for the six months ended December 31, 2023 41,075 $ 234,940 Year ended June 30, 2023 September 30, 2022 August 1, 2022 21,818 9 % $ 6.99 $ 152,505 December 31, 2022 November 7, 2022 23,434 11 % $ 6.65 155,832 Total for the year ended June 30, 2023 45,252 $ 308,337

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND ARRANGEMENTS (Tables)	6 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Expense Limitation and Expense Reimbursement Agreements	Period Ended ELA Reimbursement Payable to the Adviser ELA Reimbursement Payment to the Adviser Unreimbursed ELA Reimbursement Operating Expense Ratio Annualized Distribution Rate Eligible to be Repaid Through June 30, 2021 $ 144,073 $ — $ 144,073 4.04% 8.11% June 30, 2024 September 30, 2021 182,198 — 182,198 2.97% 7.08% September 30, 2024 December 31, 2021 184,999 — 184,999 3.00% 7.10% December 31, 2024 March 31, 2022 125,720 — 125,720 2.70% 7.22% March 31, 2025 June 30, 2022 118,220 — 118,220 3.52% 7.87% June 30, 2025 September 30, 2022 112,434 — 112,434 3.48% 7.38% September 30, 2025 December 31, 2022 105,950 — 105,950 3.30% 7.49% December 31, 2025 March 31, 2023 105,279 — 105,279 3.33% 7.18% March 31, 2026 June 30, 2023 99,018 — 99,018 2.79% 6.97% June 30, 2026 September 30, 2023 83,359 — 83,359 4.06% 7.85% September 30, 2026 December 31, 2023 74,073 — 74,073 5.00% 7.43% December 31, 2026 Total $ 1,335,323 $ 1,335,323

DISTRIBUTIONS (Tables)

DISTRIBUTIONS (Tables)	6 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Dividends Declared and Paid	The following table reflects the cash distributions per share that the Company declared on its common stock during the six months ended December 31, 2023 and 2022: Distributions For the Six Months Ended PFLOAT Class A Common Shares, per share PFLOAT Class A Common Shares, Amount Distributed December 31, 2023 July 28, 2023 $ 0.03260 $ 78,129 August 25, 2023 0.03260 78,313 September 29, 2023 0.04095 98,612 October 27, 2023 0.03276 79,119 November 24, 2023 0.02920 70,070 December 29, 2023 0.03650 87,789 Total for the Six Months Ended December 31, 2023 $ 492,032 Distributions For the Six Months Ended PFLOAT Class A Common Shares, per share PFLOAT Class A Common Shares, Amount Distributed December 31, 2022 July 29, 2022 $ 0.05305 $ 126,365 August 26, 2022 0.04244 100,522 September 30, 2022 0.04720 112,104 October 28, 2022 0.03776 89,974 November 25, 2022 0.03580 84,685 December 30, 2022 0.04475 106,126 Total for the Six Months Ended December 31, 2022 $ 619,776 The following PFLOAT distributions were previously declared and have record dates subsequent to December 31, 2023: Record Date Payment Date PFLOAT Class A Common Shares, per share January 26, 2024 February 2, 2024 $0.02920

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Investment Company, Distribution To Shareholders	The tax character of distributions paid to the Company's shareholders during the tax years ended December 31, 2023 and 2022 were as follows: Tax Year Ended December 31, 2023 December 31, 2022 Ordinary income $ — $ 1,195,912 Return of capital 948,614 131,777 Total distributions paid to stockholders $ 948,614 (1) $ 1,327,689 (2) (1) For the tax year ended December 31, 2023, $22,758 of the 2022 declared distributions are allocable to 2023 for federal income tax purposes and are reported on the 2023 Form 1099-DIV. For the tax year ended December 31, 2023, $87,789 of the 2023 declared distributions are allocable to 2024 for federal income tax purposes and will be reported on the 2024 Form 1099-DIV. (2) For the tax year ended December 31, 2022, $80,441 of the 2021 declared distributions are allocable to 2022 for federal income tax purposes and was reported on the 2022 Form 1099-DIV. For the tax year ended December 31, 2022, $22,758 of the 2022 declared distributions are allocable to 2023 for federal income tax purposes and are reported on the 2023 Form 1099-DIV.
Reconciliation of Net Increase in Net Assets Resulting from Operations to Taxable Income	The following reconciles the net increase (decrease) in net assets resulting from operations to taxable income for the tax years ended December 31, 2023 and 2022. Tax Year Ended December 31, 2023 Tax Year Ended December 31, 2022 Net increase (decrease) in net assets resulting from operations $ (1,662,664) $ (3,303,225) Net realized (gains) losses on investments 983,058 147,942 Net change in unrealized (gains) losses on investments 442,632 3,461,044 Other temporary book-to-tax differences 174,975 27,795 Permanent differences (8,210) 155,829 Taxable income (loss) before deductions for distributions $ (70,209) $ 489,385
Components Of Distributable Earnings (Accumulated Losses)	Tax Year Ended December 31, 2023 Undistributed ordinary income $ — Undistributed long-term capital gains $ — Capital loss carryforwards $ (6,570,844)

INVESTMENT PORTFOLIO (Tables)

INVESTMENT PORTFOLIO (Tables)	6 Months Ended
	Dec. 31, 2023
Schedule of Investments [Abstract]
Schedule of Composition of Investment Portfolio	The following tables summarize the composition of the Company’s investment portfolio at amortized cost and fair value as of December 31, 2023 and June 30, 2023: December 31, 2023 Investments at Amortized Cost (1) Investments at Fair Value Fair Value Percentage of Total Portfolio Senior Secured Loans-First Lien $ 11,517,085 $ 10,516,525 63 % Senior Secured Loans-Second Lien 1,772,946 1,398,761 8 % Senior Secured Notes 752,630 288,075 2 % Structured Subordinated Notes 5,479,805 3,762,422 23 % Equity/Other 1,667,943 664,704 4 % Total Portfolio Investments $ 21,190,409 $ 16,630,487 100 % June 30, 2023 Investments at Amortized Cost (1) Investments at Fair Value Fair Value Percentage of Total Portfolio Senior Secured Loans-First Lien $ 16,445,667 $ 15,362,386 70 % Senior Secured Loans-Second Lien 1,758,303 1,416,049 7 % Senior Secured Notes 752,867 271,899 1 % Structured Subordinated Notes 5,764,411 4,386,757 20 % Equity/Other 670,383 478,096 2 % Total Portfolio Investments $ 25,391,631 $ 21,915,187 100 % (1) Amortized cost represents the original cost adjusted for PIK interest and the amortization of premiums and/or accretion of discounts, as applicable, on investments. The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of December 31, 2023 and June 30, 2023: December 31, 2023 Industry Investments at Fair Value Percentage of Portfolio Structured Finance $ 3,762,422 23 % Healthcare & Pharmaceuticals 2,594,623 16 % Services: Business 2,279,109 14 % Telecommunications 2,018,304 12 % Media: Diversified and Production 1,398,761 8 % Services: Consumer 1,374,491 8 % Media: Broadcasting & Subscription 972,576 6 % Wholesale 953,244 6 % Beverage, Food & Tobacco 927,178 5 % Financial 288,075 2 % Consumer goods: Non-Durable 53,825 — % Retail 7,879 — % Total $ 16,630,487 100 % June 30, 2023 Industry Investments at Fair Value Percentage of Portfolio Structured Finance $ 4,386,757 20 % Healthcare & Pharmaceuticals 2,880,134 13 % Services: Consumer 2,741,742 13 % Services: Business 2,507,919 11 % Telecommunications 2,324,213 11 % Wholesale 1,662,469 8 % Media: Diversified and Production 1,416,049 7 % Media: Broadcasting & Subscription 971,690 4 % Beverage, Food & Tobacco 920,151 4 % Consumer goods: Durable 678,492 3 % Consumer goods: Non-Durable 669,880 3 % Automotive 470,696 2 % Financial 271,899 1 % Retail 13,096 — % Total $ 21,915,187 100 %

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Investments	The following table presents the fair value of our investments that are measured at fair value on a recurring basis disaggregated into the three levels of the ASC 820 valuation hierarchy as of December 31, 2023 and June 30, 2023, respectively: As of December 31, 2023 Level 1 Level 2 Level 3 Total Portfolio Investments Senior Secured Loans-First Lien $ — $ 1,690,147 $ 8,826,378 $ 10,516,525 Senior Secured Loans-Second Lien — — 1,398,761 1,398,761 Senior Secured Notes — — 288,075 288,075 Structured Subordinated Notes — — 3,762,422 3,762,422 Equity/Other — — 664,704 664,704 Total Portfolio Investments $ — $ 1,690,147 $ 14,940,340 $ 16,630,487 As of June 30, 2023 Level 1 Level 2 Level 3 Total Portfolio Investments Senior Secured Loans-First Lien $ — $ 2,129,472 $ 13,232,914 $ 15,362,386 Senior Secured Loans-Second Lien — — 1,416,049 1,416,049 Senior Secured Notes — — 271,899 271,899 Structured Subordinated Notes — — 4,386,757 4,386,757 Equity/Other — — 478,096 478,096 Total Portfolio Investments $ — $ 2,129,472 $ 19,785,715 $ 21,915,187
Schedule of Industries Comprising Greater than 10% of Portfolio Fair Value	The following table shows industries that comprise of greater than 10% of our portfolio at fair value as of December 31, 2023 and June 30, 2023: December 31, 2023 Cost Fair Value % of Portfolio Healthcare & Pharmaceuticals $ 2,456,741 $ 2,594,623 16 % Services: Business 2,625,765 2,279,109 14 % Telecommunications 2,303,386 2,018,304 12 % All Other Industries 13,804,517 9,738,451 59 % Total $ 21,190,409 $ 16,630,487 100 % June 30, 2023 Cost Fair Value % of Portfolio Healthcare & Pharmaceuticals $ 2,942,734 $ 2,880,134 13 % Services: Consumer 3,004,329 2,741,742 13 % Services: Business 2,647,846 2,507,919 11 % Telecommunications 2,283,486 2,324,213 11 % All Other Industries 14,513,236 11,461,179 52 % Total $ 25,391,631 $ 21,915,187 100 %
Schedule of Changes in Fair Value of Level 3 Investments	The following is a reconciliation for the six months ended December 31, 2023 and 2022 of investments for which significant unobservable inputs (Level 3) were used in determining fair value: Non-Control/Non-Affiliate Investments (less than 5.00% voting control) Senior Senior Senior Secured Notes Structured Equity/Other Total Fair Value at June 30, 2023 $ 13,232,914 $ 1,416,049 $ 271,899 $ 4,386,757 $ 478,096 $ 19,785,715 Net realized gains (losses) on investments (82,766) — — — — (82,766) Net change in unrealized gains (losses) on investments (507,776) (31,932) 16,412 (339,730) (810,952) (1,673,978) Net realized and unrealized gains (losses) on investments (590,542) (31,932) 16,412 (339,730) (810,952) (1,756,744) Restructuring of investments (669,880) — — — 997,560 327,680 Payment-in-kind interest 18,818 40,052 — — — 58,870 Accretion (amortization) of purchase discount and premium, net (7,881) (7,768) (236) — — (15,885) Repayments and sales of portfolio investments (2,446,952) (17,640) — — — (2,464,592) Net Reductions to Subordinated Structured Notes and related investment cost — — — — (284,605) (284,605) Transfers into Level 3 (1) — — — — — — Transfers out of Level 3 (1) (710,099) — — — — (710,099) Fair Value at December 31, 2023 $ 8,826,378 $ 1,398,761 $ 288,075 $ 3,762,422 $ 664,704 $ 14,940,340 Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period $ (578,048) $ (31,932) $ 16,412 $ (339,730) $ (810,952) $ (1,744,250) (1) Transfers are assumed to have occurred at the beginning of the quarter during which the asset was transferred. During the six months ended December 31, 2023, one of our first lien loans transferred out of Level 3 to Level 2 due to a more significant level of market activity during the period and thus this investment was valued using observable inputs such as trades from an independent pricing service. Non-Control/Non-Affiliate Investments (less than 5.00% voting control) Senior Senior Structured Equity/Other Total Fair Value at June 30, 2022 $ 19,951,625 $ 511,464 $ 5,126,749 $ 641,000 $ 26,230,838 Net realized gains on investments — — — — — Net change in unrealized gains (losses) on investments (668,409) (33,506) (296,188) (106,397) (1,104,500) Net realized and unrealized gains (losses) on investments (668,409) (33,506) (296,188) (106,397) (1,104,500) Payment-in-kind interest — 162 — — 162 Accretion (amortization) of purchase discount and premium, net 34,021 2,722 — 36,743 Net Reductions to Subordinated Structured Notes and related investment cost — — (68,693) — (68,693) Repayments and sales of portfolio investments (1,900,887) (13,342) — (10,728) (1,924,957) Transfers into Level 3 (1) 5,422,493 — — — 5,422,493 Transfers out of Level 3 (1) (1,407,887) — — — (1,407,887) Fair Value at December 31, 2022 $ 21,430,956 $ 467,500 $ 4,761,868 $ 523,875 $ 27,184,199 Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period $ (678,500) $ (34,390) $ (296,188) $ (106,397) $ (1,115,475) (1) Transfers are assumed to have occurred at the beginning of the quarter during which the asset was transferred. During the six months ended December 31, 2022, one of our first lien loans transferred out of Level 2 to Level 3 due to a less significant level of market activity during the period and thus for these investments there were less observable inputs such as trades from independent pricing services. During the six months ended December 31, 2022, one of our first lien loans transferred out of Level 3 to Level 2 due to a more significant level of market activity during the period and thus this investment was valued using observable inputs such as trades from an independent pricing service.
Schedule of Unobservable Inputs Used in Fair Value Measurement of Level 3 Investments	The following table provides quantitative information regarding significant unobservable inputs used in the fair value measurement of Level 3 investments as of December 31, 2023: Unobservable Inputs Asset Category Fair Value Primary Valuation Inputs Range Weighted Senior Secured First Lien Debt $ 379,399 Sensitivity Analysis (Current Value Method) Enterprise Values 0.30x to 0.40x 0.35x Senior Secured First Lien Debt 8,446,979 Discounted Cash Flow (Yield Analysis) Market Yield 8.67% to 26.45% 15.36% Senior Secured Second Lien 1,398,761 Discounted Cash Flow (Yield Analysis) Market Yield 17.07% to 18.82% 17.95% Senior Secured Notes 288,075 Discounted Cash Flow (Yield Analysis) Market Yield 31.34% to 56.33% 43.84% Equity/Other 664,704 Enterprise Value Waterfall (Market Approach) EBITDA multiples (x) 0.40x to 9.25x 7.81x Subordinated Structured Notes 3,762,422 Discounted Cash Flow Discount Rate 7.32% to 29.01% (1) 18.41% (1) $ 14,940,340 (1) Represents the implied discount rate based on our internally generated single-cash flows that is derived from the fair value estimated by the corresponding multi-path cash flow model utilized by the independent valuation firm. The following table provides quantitative information regarding significant unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2023: Unobservable Inputs Asset Category Fair Value Primary Valuation Inputs Range Weighted Senior Secured First Lien Debt $ 499,544 Sensitivity Analysis (Current Value Method) Enterprise Values 4.00x to 5.00x 5.00x Senior Secured First Lien Debt 12,733,370 Discounted Cash Flow (Yield Analysis) Market Yield 8.91% to 20.07% 13.12% Senior Secured Second Lien 1,416,049 Discounted Cash Flow (Yield Analysis) Market Yield 16.00% to 16.70% 16.4% Senior Secured Notes 271,899 Discounted Cash Flow (Yield Analysis) Market Yield 33.96% to 34.28% 34.12% Equity/Other 478,096 Enterprise Value Waterfall (Market Approach) EBITDA multiples (x) 5.25x to 9.25x 8.42x Subordinated Structured Notes 4,386,757 Discounted Cash Flow Discount Rate 8.35% to 33.78% (1) 24.04% (1) $ 19,785,715 (1) Represents the implied discount rate based on our internally generated single-cash flows that is derived from the fair value estimated by the corresponding multi-path cash flow model utilized by the independent valuation firm.

FINANCIAL HIGHLIGHTS (Tables)

FINANCIAL HIGHLIGHTS (Tables)	6 Months Ended
	Dec. 31, 2023
Investment Company [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights for each of the three and six months ended December 31, 2023 and 2022: Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 (unaudited) (unaudited) (unaudited) (unaudited) Per Share Data (a) : Net asset value at beginning of period $ 5.44 $ 6.67 $ 6.10 $ 7.03 Net investment income (loss) (0.12) 0.06 (0.21) 0.09 Net realized and unrealized (losses) on investments (0.11) (0.39) (0.54) (0.63) Net realized (losses) on extinguishment of debt — — (0.03) — Net decrease in net assets resulting from operations (0.23) (0.33) (0.78) (0.54) Distributions (b) Return of capital distributions (0.10) (0.02) (0.20) (0.06) Distributions from net investment income — (0.10) — (0.2) Total Distributions (0.10) (0.12) (0.20) (0.26) Other (c) 0.01 0.01 — — Net asset value at end of period $ 5.12 $ 6.23 $ 5.12 $ 6.23 Total return based on net asset value (d) (4.21) % (4.93) % (13.08) % (7.94) % Supplemental Data: Net assets at end of period $ 12,317,524 $ 14,767,963 $ 12,317,524 $ 14,767,963 Average net assets $ 12,712,175 $ 15,306,706 $ 13,372,737 $ 15,771,462 Average shares outstanding 2,406,920 2,373,798 2,405,143 2,374,492 Ratio to average net assets: Total annual expenses (e) 26.14 % 21.59 % 25.15 % 21.08 % Total annual expenses (after expense limitation agreement) (e) 23.81 % 18.82 % 22.79 % 18.31 % Net investment income (loss) (e) (8.85) % 3.96 % (7.53) % 2.83 % Portfolio Turnover — % — % — % — % (a) Calculated based on weighted average shares outstanding. (b) The per share data for distributions is the actual amount of distributions paid or payable per share of common stock outstanding during the year. Distributions per share are rounded to the nearest $0.01. (c) The amount shown represents the balancing figure derived from the other figures in the schedule, and is primarily attributable to the accretive effects from the sales of the Company’s shares and the effects of share repurchases during the period. (d) Total return is based upon the change in net asset value per share between the opening and ending net asset values per share during the period and assumes that distributions are reinvested in accordance with the Company’s distribution reinvestment plan. The computation does not reflect the sales load for any class of shares. Total return based on market value is not presented since the Company’s shares are not publicly traded. Total return has not been annualized. (e) Annualized for the three and six months ended December 31, 2023 and 2022. The following is a schedule of financial highlights for each of the five years ended in the period ended June 30, 2023: Year Ended Year Ended Year Ended Year Ended Year Ended June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 (e) Per Share Data (a) : Net asset value at beginning of year $ 7.03 $ 8.36 $ 8.28 $ 9.88 $ 9.89 Net investment income (loss) 0.20 0.31 (0.08) 0.24 0.91 Net realized and unrealized (losses) gains on investments (0.65) (1.05) 0.82 (1.22) (1.11) Net increase (decrease) in net assets resulting from operations (0.45) (0.74) 0.74 (0.98) (0.20) Distributions (b) Return of capital distributions (f) (0.28) (0.16) (0.46) (0.57) (0.54) Distributions from net investment income (f) (0.20) (0.43) (0.19) (0.15) (0.03) Total Distributions (0.48) (0.59) (0.65) (0.72) (0.57) Offering costs — — — — 0.61 Other (c) — — (0.01) 0.10 0.15 Net asset value at end of year 6.10 $ 7.03 $ 8.36 $ 8.28 $ 9.88 Total return based on net asset value (d) (6.67) % (9.60) % 9.03 % (10.13) % 7.52 % Supplemental Data: Net assets at end of year $ 14,693,862 $ 16,700,975 $ 19,947,807 $ 19,558,400 $ 23,410,715 Average net assets $ 15,303,274 $ 18,912,658 $ 20,055,524 $ 21,234,189 $ 12,536,923 Average shares outstanding 283,649 2,380,229 2,377,461 2,366,005 1,297,582 Ratio to average net assets: Total annual expenses 21.06 % 15.70 % 20.07 % 16.41 % 23.48 % Total annual expenses (after expense support agreement/expense limitation agreement) 18.3 % 12.47 % 18.44 % 13.07 % 9.11 % Net investment income (loss) 3.2 % 3.95 % (0.93) % 2.67 % 2.15 % Portfolio Turnover — % 35.34 % 17.83 % 24.56% 93.42 % (a) Calculated based on weighted average shares outstanding. (b) The per share data for distributions is the actual amount of distributions paid or payable per share of common stock outstanding during the year. Distributions per share are rounded to the nearest $0.01. (c) The amount shown represents the balancing figure derived from the other figures in the schedule, and is primarily attributable to the accretive effects from the sales of the Company’s shares and the effects of share repurchases during the year. (d) Total return is based upon the change in net asset value per share between the opening and ending net asset values per share during the year and assumes that distributions are reinvested in accordance with the Company’s distribution reinvestment plan. The computation does not reflect the sales load for any class of shares. Total return based on market value is not presented since the Company’s shares are not publicly traded. (e) Data presented for the year ended June 30, 2019 includes the shareholder activity of PWAY Class A and Class I shares, prior to the Merger and conversion into shares of the Company. The net asset value per share at beginning of year has been adjusted by the exchange ratio used in the Merger. (f) The amounts reflected for the year ended June 30, 2022 and 2021 were updated based on tax information received subsequent to our Form 10-K filing for the year ended June 30, 2022 and 2021. Certain reclassifications have been made in the presentation of prior period amounts. See Note 2 and Note 6 within the accompanying notes to the consolidated financial statements for further discussion. Information about our senior securities is shown in the following table since June 30, 2019. As of December 31, 2023 and June 30, 2023, our asset coverage ratio stood at 393% and 271%, respectively, based on the outstanding principal amount of our senior securities representing indebtedness. Revolving Credit Facility Total Amount Outstanding Asset Coverage per Unit(1) Involuntary Liquidating Preference per Unit(2) Average Market Value per Unit(2) December 31, 2023 $ 4,200,000 $ 3,933 — — September 30, 2023 $ 6,200,000 $ 3,114 — — June 30, 2023 $ 8,600,000 $ 2,709 — — March 31, 2023 $ 15,477,000 $ 1,937 — — December 31, 2022 $ 17,800,000 $ 1,830 — — September 30, 2022 $ 20,000,000 $ 1,792 — — June 30, 2022 $ 20,500,000 $ 1,815 — — March 31, 2022 $ 21,000,000 $ 1,895 — — December 31, 2021 $ 21,000,000 $ 1,924 — — September 30, 2021 $ 21,000,000 $ 1,938 — — June 30, 2021 $ 21,000,000 $ 1,950 — — March 31, 2021 $ 21,000,000 $ 1,971 — — December 31, 2020 $ 21,000,000 $ 1,976 — — September 30, 2020 $ 21,000,000 $ 1,947 — — June 30, 2020 $ 21,000,000 $ 1,931 — — March 31, 2020 $ 21,000,000 $ 1,914 — — December 31, 2019 $ 21,000,000 $ 2,018 — — September 30, 2019 $ 15,500,000 $ 2,461 — — June 30, 2019 $ 5,500,000 $ 5,256 — — (1) The asset coverage ratio is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by secured senior securities representing indebtedness. This asset coverage ratio is multiplied by $1,000 to determine the Asset Coverage Per Unit. (2) This column is inapplicable.

NET INCREASE (DECREASE) IN NE_2

NET INCREASE (DECREASE) IN NET ASSETS PER SHARE (Tables)	6 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following information sets forth the computation of net increase in net assets resulting from operations per share during the three and six months ended December 31, 2023 and 2022. Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Net decrease in net assets resulting from operations $ (546,884) $ (774,616) $ (1,869,304) $ (1,291,928) Weighted average common shares outstanding 2,406,920 2,373,798 2,405,143 2,374,492 Net decrease in net assets resulting from operations per share $ (0.23) $ (0.33) $ (0.78) $ (0.54)
Schedule of Weighted Average Number of Shares	The following information sets forth the computation of net increase in net assets resulting from operations per share during the three and six months ended December 31, 2023 and 2022. Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Net decrease in net assets resulting from operations $ (546,884) $ (774,616) $ (1,869,304) $ (1,291,928) Weighted average common shares outstanding 2,406,920 2,373,798 2,405,143 2,374,492 Net decrease in net assets resulting from operations per share $ (0.23) $ (0.33) $ (0.78) $ (0.54)

SUBSEQUENT EVENTS (Tables)

SUBSEQUENT EVENTS (Tables)	6 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Schedule of Dividends Payable	The distribution will be paid to stockholders of record as of the monthly record date set forth below. Record Date Payment Date PFLOAT Class A Common Shares, per share February 23, 2024 March 1, 2024 $0.02740

NATURE OF OPERATIONS (Details)

NATURE OF OPERATIONS (Details) - USD ($)	Dec. 31, 2023	Sep. 13, 2023	Jun. 30, 2023	Oct. 27, 2020	Jun. 25, 2014	Apr. 29, 2011
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Common stock, shares authorized (in shares)	75,000,000		75,000,000			75,000,000
Common stock, par value (usd per share)	$ 0.001		$ 0.001			$ 0.001
Preferred stock, shares authorized (in shares)						25,000,000
Preferred stock, par value (usd per share)						$ 0.001
Offering size		$ 300,000,000		$ 300,000,000
Minimum offering requirement					$ 2,500,000

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Accounting Policies [Abstract]
Cash equivalents	$ 4,994,925		$ 4,994,925		$ 4,997,938
Qualifying assets	79.87%		79.87%		82.67%
PIK interest	$ 36,876	$ 0	$ 58,870	$ 162
Taxes payable	$ 0		$ 0

SHARE TRANSACTIONS - Common Sto

SHARE TRANSACTIONS - Common Stock Activity (Details) - USD ($)					3 Months Ended		6 Months Ended		12 Months Ended
	Nov. 09, 2023	Jul. 31, 2023	Nov. 07, 2022	Aug. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Class of Stock [Line Items]
Repurchase of common shares (in shares)	(21,112)	(19,963)	(23,434)	(21,818)	(21,112)		(41,075)		(45,252)
Shares issued through reinvestment of distributions					$ 107,933	$ 133,748	$ 219,938	$ 287,029
Repurchase of common shares					(113,371)	(155,832)	(234,940)	(308,337)
Total Increase (Decrease) during period					$ (789,300)	$ (1,077,485)	$ (2,376,338)	$ (1,933,012)
Common Class A
Class of Stock [Line Items]
Shares issued through reinvestment of dividends (in shares)					18,388	19,727	36,803	40,904
Repurchase of common shares (in shares)					(21,112)	(23,434)	(41,075)	(45,252)
Total Increase (Decrease) (in shares)					(2,724)	(3,707)	(4,272)	(4,348)
Shares issued through reinvestment of distributions					$ 107,933	$ 133,748	$ 219,938	$ 287,029
Repurchase of common shares					(113,371)	(155,832)	(234,940)	(308,337)
Total Increase (Decrease) during period					$ (5,438)	$ (22,084)	$ (15,002)	$ (21,308)

SHARE TRANSACTIONS - Narrative

SHARE TRANSACTIONS - Narrative (Details)	Dec. 31, 2023
Equity [Abstract]
Share repurchase threshold	10%
Share repurchase quarterly threshold	2.50%

SHARE TRANSACTIONS - Shares Rep

SHARE TRANSACTIONS - Shares Repurchased (Details) - USD ($)					3 Months Ended	6 Months Ended	12 Months Ended
	Nov. 09, 2023	Jul. 31, 2023	Nov. 07, 2022	Aug. 01, 2022	Dec. 31, 2023	Dec. 31, 2023	Jun. 30, 2023
Equity [Abstract]
Shares Repurchased (in shares)	21,112	19,963	23,434	21,818	21,112	41,075	45,252
Percentage of Shares Tendered That Were Repurchased	7%	7%	11%	9%
Repurchase Price Per Share (usd per share)	$ 5.37	$ 6.09	$ 6.65	$ 6.99
Aggregate Consideration for Repurchased Shares	$ 113,371	$ 121,569	$ 155,832	$ 152,505	$ 113,371	$ 234,940	$ 308,337

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND ARRANGEMENTS - Additional Information (Details)				3 Months Ended		6 Months Ended
	Jan. 01, 2022	Nov. 05, 2021	Apr. 20, 2021	Dec. 31, 2023 USD ($) investment	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) investment	Dec. 31, 2022 USD ($)	Jun. 30, 2023 USD ($)
Related Party Transaction [Line Items]
Administrator Costs (Note 4)				$ 362,572	$ 235,719	$ 586,322	$ 296,300
Due to Administrator (Note 4)				1,432,456		1,432,456		$ 868,634
Incentive fee payable				0		0		0
Income incentive fee (Note 13)				0	0	0	0
Related Party | Independent Directors
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction				0	0	0	0
Administration Agreement - Banking Fees
Related Party Transaction [Line Items]
Administrator Costs (Note 4)				349,822	226,969	564,822	278,800
Related party transaction, amounts of transaction				12,750	8,750	21,500	17,500
Administration Agreement
Related Party Transaction [Line Items]
Accrued administrative fees				1,432,456		1,432,456		868,634
Voluntary fee waived				$ 74,073	$ 105,950	$ 157,432	$ 218,384
Period for waived fees						3 years
Investment Advisory Agreement
Related Party Transaction [Line Items]
Agreement term	2 years
Investment Advisory Agreement | Related Party
Related Party Transaction [Line Items]
Base management fee rate	1.20%	1.20%	1.75%
Number of parts to incentive fee | investment				2		2
Investment Advisory And Management Agreement Incentive Rate Quarterly Hurdle Rate | Related Party
Related Party Transaction [Line Items]
Base management fee rate		0.30%	0.4375%
Investment Advisory Agreement - Incentive Rate, Quarterly Hurdle Rate | Related Party
Related Party Transaction [Line Items]
Incentive rate						1.50%
Investment Advisory And Management Agreement Incentive Rate Annual Hurdle Rate | Related Party
Related Party Transaction [Line Items]
Incentive rate						6%
Investment Advisory And Management Agreement Incentive Rate Pre Incentive Fee Net Investment Income Below Catch Up Threshold | Related Party
Related Party Transaction [Line Items]
Incentive rate						100%
Investment Advisory And Management Agreement Incentive Rate Pre Incentive Fee Net Investment Income Below Catch Up Threshold | Related Party | Maximum
Related Party Transaction [Line Items]
Incentive rate						1.875%
Investment Advisory And Management Agreement Incentive Rate Annual Catch Up Threshold Member | Related Party
Related Party Transaction [Line Items]
Incentive rate						7.50%
Investment Advisory And Management Agreement Incentive Rate Pre Incentive Fee Net Investment Income Exceeds Catch Up Threshold Member | Related Party
Related Party Transaction [Line Items]
Incentive rate						20%
Investment Management Agreement - Incentive Rate, Realized Capital Gains | Related Party
Related Party Transaction [Line Items]
Incentive rate						20%
Investment Advisory Agreement - Base Management Fees | Related Party
Related Party Transaction [Line Items]
Due to Administrator (Note 4)				$ 0		$ 0		$ 0
Expense Limitation and Expense Reimbursement Agreements
Related Party Transaction [Line Items]
Base management fee rate			6%
Expense Limitation and Expense Reimbursement Agreements | Related Party
Related Party Transaction [Line Items]
ELA annual limit				8%		8%

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND ARRANGEMENTS - ELA Agreements (Details) - Expense Limitation and Expense Reimbursement Agreements - USD ($)		3 Months Ended											30 Months Ended
	Apr. 20, 2021	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2023
Related Party Transaction [Line Items]
Annualized Distribution Rate	6%
Related Party | Prospect Flexible Income Management, LLC
Related Party Transaction [Line Items]
ELA Reimbursement Payable to the Adviser		$ 74,073	$ 83,359	$ 99,018	$ 105,279	$ 105,950	$ 112,434	$ 118,220	$ 125,720	$ 184,999	$ 182,198	$ 144,073	$ 1,335,323
ELA Reimbursement Payment to the Adviser		0	0	0	0	0	0	0	0	0	0	0
Unreimbursed ELA Reimbursement		$ 74,073	$ 83,359	$ 99,018	$ 105,279	$ 105,950	$ 112,434	$ 118,220	$ 125,720	$ 184,999	$ 182,198	$ 144,073	$ 1,335,323
Operating Expense Ratio		5%	4.06%	2.79%	3.33%	3.30%	3.48%	3.52%	2.70%	3%	2.97%	4.04%
Annualized Distribution Rate		7.43%	7.85%	6.97%	7.18%	7.49%	7.38%	7.87%	7.22%	7.10%	7.08%	8.11%

DISTRIBUTIONS - Schedule of Com

DISTRIBUTIONS - Schedule of Common Stock Dividends (Details) - USD ($)															6 Months Ended
	Mar. 01, 2024	Jan. 26, 2024	Dec. 29, 2023	Nov. 24, 2023	Oct. 27, 2023	Sep. 29, 2023	Aug. 25, 2023	Jul. 28, 2023	Dec. 30, 2022	Nov. 25, 2022	Oct. 28, 2022	Sep. 30, 2022	Aug. 26, 2022	Jul. 29, 2022	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
PFLOAT Class A Common Shares, per share (usd per share)			$ 0.03650	$ 0.02920	$ 0.03276	$ 0.04095	$ 0.03260	$ 0.03260	$ 0.04475	$ 0.03580	$ 0.03776	$ 0.04720	$ 0.04244	$ 0.05305
PFLOAT Class A Common Shares, Amount Distributed			$ 87,789	$ 70,070	$ 79,119	$ 98,612	$ 78,313	$ 78,129	$ 106,126	$ 84,685	$ 89,974	$ 112,104	$ 100,522	$ 126,365	$ 492,032	$ 619,776
Subsequent Event
Class of Stock [Line Items]
PFLOAT Class A Common Shares, per share (usd per share)	$ 0.02740	$ 0.02920

DISTRIBUTIONS - Narrative (Deta

DISTRIBUTIONS - Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Officers and Directors | Related Party
Related Party Transaction [Line Items]
Shares issued (in shares)	0	0	0	0

INCOME TAXES - Schedule of Dist

INCOME TAXES - Schedule of Distributions (Details) - USD ($)	3 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 13, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Ordinary income					$ 0	$ 1,195,912
Return of capital	$ 236,978	$ 41,628	$ 492,032	$ 132,910	948,614	131,777
Total distributions paid to stockholders					948,614	1,327,689
Prior year distributions allocable to current year					22,758	80,441
Current year distributions allocable to next year					$ 87,789	$ 22,758

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 13, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Income Taxes [Line Items]
Distributable loss	$ 11,691,749		$ 11,691,749			$ 9,884,444		$ 8,489,742
Tax Reclassification of Net Assets (Note 6)	0	$ 0	0	$ 0		(348,710)		(21,624)
Cost basis of investments for tax purposes	18,922,808		18,922,808			24,297,629
Unrealized appreciation (depreciation), net	(2,292,320)		(2,292,320)			(2,382,442)
Tax basis of investments, gross, unrealized appreciation	527,602		527,602			481,915
Tax basis of investments, gross, unrealized depreciation	2,819,923		2,819,923			2,864,357
Capital loss carryforward	6,570,844	4,290,349	6,570,844	4,290,349			$ 4,290,349
Retained earnings
Income Taxes [Line Items]
Tax Reclassification of Net Assets (Note 6)	61,999	155,829	61,999	155,829	$ 61,999		155,829
Paid-in Capital in Excess of Par
Income Taxes [Line Items]
Tax Reclassification of Net Assets (Note 6)	$ (61,999)	$ (155,829)	$ (61,999)	$ (155,829)	$ (61,999)		$ (155,829)
Previously Reported
Income Taxes [Line Items]
Distributable loss						$ 10,233,154		$ 8,511,366

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Net Increase in Net Assets Resulting from Operations to Taxable Income (Details) - USD ($)	3 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 13, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Net increase (decrease) in net assets resulting from operations	$ (546,884)	$ (774,616)	$ (1,869,304)	$ (1,291,928)	$ (1,662,664)	$ (3,303,225)
Net realized (gains) losses on investments					983,058	147,942
Net change in unrealized (gains) losses on investments					442,632	3,461,044
Other temporary book-to-tax differences					174,975	27,795
Permanent differences					(8,210)	155,829
Taxable income (loss) before deductions for distributions					$ (70,209)	$ 489,385

INCOME TAXES - Distributable Ea

INCOME TAXES - Distributable Earnings (Accumulated Losses) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Undistributed ordinary income	$ 0
Undistributed long-term capital gains	0
Capital loss carryforwards	$ (6,570,844)	$ (4,290,349)

INVESTMENT PORTFOLIO - Narrativ

INVESTMENT PORTFOLIO - Narrative (Details) - USD ($)	3 Months Ended			6 Months Ended
	Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2023		Dec. 31, 2022	Jun. 30, 2023
Schedule of Investments [Line Items]
Investments at Fair Value	$ 16,630,487	[1]		$ 16,630,487	[1]		$ 21,915,187
Cost	21,190,409	[2]		21,190,409	[2]		$ 25,391,631
Existing Portfolio
Schedule of Investments [Line Items]
Cost basis of debt placement and equity securities acquired, including follow-on investments for existing portfolio companies, payment-in-kind interest, and structuring fees	36,876		$ 0	58,820		$ 162
Noncash Restructured Investments
Schedule of Investments [Line Items]
Cost basis of debt placement and equity securities acquired, including follow-on investments for existing portfolio companies, payment-in-kind interest, and structuring fees	0		0	997,560		0
Debt Repayments and Considerations - Excluding Noncash Restructured Investments
Schedule of Investments [Line Items]
Debt repayments and considerations from sales of equity securities	96,760		707,688	3,737,814		2,066,272
Debt Repayments and Considerations - Including Noncash Restructured Investments
Schedule of Investments [Line Items]
Debt repayments and considerations from sales of equity securities	$ 96,760		$ 707,688	$ 4,735,374		$ 2,066,272
Interest at Floating Rates
Schedule of Investments [Line Items]
Investment, fair value	94%			94%			97%
Investments at Fair Value	$ 15,677,708			$ 15,677,708			$ 21,165,192
Investment, amortized cost	89%			89%			94%
Cost	$ 18,769,836			$ 18,769,836			$ 23,968,381
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]See Note 6 for a discussion of the tax cost of the portfolio.

INVESTMENT PORTFOLIO - Investme

INVESTMENT PORTFOLIO - Investment Portfolio by Type (Details) - USD ($)	Dec. 31, 2023		Jun. 30, 2023
Schedule of Investments [Line Items]
Amortized Cost	$ 21,190,409	[1]	$ 25,391,631
Investments at Fair Value	$ 16,630,487	[2]	$ 21,915,187
Fair Value Percentage of Total Portfolio	135.01%		149.14%
Aggregate Investments
Schedule of Investments [Line Items]
Fair Value Percentage of Total Portfolio	100%		100%
Senior Secured Loans-First Lien
Schedule of Investments [Line Items]
Amortized Cost	$ 11,517,085		$ 16,445,667
Investments at Fair Value	$ 10,516,525		$ 15,362,386
Fair Value Percentage of Total Portfolio	63%		70%
Senior Secured Loans-Second Lien
Schedule of Investments [Line Items]
Amortized Cost	$ 1,772,946		$ 1,758,303
Investments at Fair Value	$ 1,398,761		$ 1,416,049
Fair Value Percentage of Total Portfolio	8%		7%
Senior Secured Notes
Schedule of Investments [Line Items]
Amortized Cost	$ 752,630		$ 752,867
Investments at Fair Value	$ 288,075		$ 271,899
Fair Value Percentage of Total Portfolio	2%		1%
Structured Subordinated Notes
Schedule of Investments [Line Items]
Amortized Cost	$ 5,479,805		$ 5,764,411
Investments at Fair Value	$ 3,762,422		$ 4,386,757
Fair Value Percentage of Total Portfolio	23%		20%
Equity/Other
Schedule of Investments [Line Items]
Amortized Cost	$ 1,667,943		$ 670,383
Investments at Fair Value	$ 664,704		$ 478,096
Fair Value Percentage of Total Portfolio	4%		2%
[1]See Note 6 for a discussion of the tax cost of the portfolio.[2]Fair value is determined by the Company’s Board of Directors (see Note 2).

INVESTMENT PORTFOLIO - Invest_2

INVESTMENT PORTFOLIO - Investment Fair Value by Industry (Details) - USD ($)	Dec. 31, 2023		Jun. 30, 2023
Schedule of Investments [Line Items]
Investments at Fair Value	$ 16,630,487	[1]	$ 21,915,187
Percentage of Portfolio	135.01%		149.14%
Aggregate Sectors
Schedule of Investments [Line Items]
Percentage of Portfolio	100%		100%
Structured Finance
Schedule of Investments [Line Items]
Investments at Fair Value	$ 3,762,422		$ 4,386,757
Percentage of Portfolio	23%		20%
Healthcare & Pharmaceuticals
Schedule of Investments [Line Items]
Investments at Fair Value	$ 2,594,623		$ 2,880,134
Percentage of Portfolio	16%		13%
Services: Business
Schedule of Investments [Line Items]
Investments at Fair Value	$ 2,279,109		$ 2,507,919
Percentage of Portfolio	14%		11%
Telecommunications
Schedule of Investments [Line Items]
Investments at Fair Value	$ 2,018,304		$ 2,324,213
Percentage of Portfolio	12%		11%
Media: Diversified and Production
Schedule of Investments [Line Items]
Investments at Fair Value	$ 1,398,761		$ 1,416,049
Percentage of Portfolio	8%		7%
Services: Consumer
Schedule of Investments [Line Items]
Investments at Fair Value	$ 1,374,491		$ 2,741,742
Percentage of Portfolio	8%		13%
Media: Broadcasting & Subscription
Schedule of Investments [Line Items]
Investments at Fair Value	$ 972,576		$ 971,690
Percentage of Portfolio	6%		4%
Beverage, Food & Tobacco
Schedule of Investments [Line Items]
Investments at Fair Value	$ 927,178		$ 920,151
Percentage of Portfolio	5%		4%
Wholesale
Schedule of Investments [Line Items]
Investments at Fair Value	$ 953,244		$ 1,662,469
Percentage of Portfolio	6%		8%
Financial
Schedule of Investments [Line Items]
Investments at Fair Value	$ 288,075		$ 271,899
Percentage of Portfolio	2%		1%
Consumer goods: Non-Durable
Schedule of Investments [Line Items]
Investments at Fair Value	$ 53,825		$ 669,880
Percentage of Portfolio	0%		3%
Retail
Schedule of Investments [Line Items]
Investments at Fair Value	$ 7,879		$ 13,096
Percentage of Portfolio	0%		0%
Consumer goods: Durable
Schedule of Investments [Line Items]
Investments at Fair Value			$ 678,492
Percentage of Portfolio			3%
Automotive
Schedule of Investments [Line Items]
Investments at Fair Value			$ 470,696
Percentage of Portfolio			2%
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value of Investments (Details) - USD ($)	Dec. 31, 2023		Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	$ 16,630,487	[1]	$ 21,915,187
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	1,690,147		2,129,472
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	14,940,340		19,785,715
Senior Secured Loans-First Lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	10,516,525		15,362,386
Senior Secured Loans-First Lien | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Senior Secured Loans-First Lien | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	1,690,147		2,129,472
Senior Secured Loans-First Lien | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	8,826,378		13,232,914
Senior Secured Loans-Second Lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	1,398,761		1,416,049
Senior Secured Loans-Second Lien | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Senior Secured Loans-Second Lien | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Senior Secured Loans-Second Lien | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	1,398,761		1,416,049
Senior Secured Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	288,075		271,899
Senior Secured Notes | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Senior Secured Notes | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Senior Secured Notes | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	288,075		271,899
Structured Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	3,762,422		4,386,757
Structured Subordinated Notes | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Structured Subordinated Notes | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Structured Subordinated Notes | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	3,762,422		4,386,757
Equity/Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	664,704		478,096
Equity/Other | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Equity/Other | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Equity/Other | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	$ 664,704		$ 478,096
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)						3 Months Ended			6 Months Ended			12 Months Ended
		Dec. 31, 2023		Jun. 30, 2023		Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2023		Dec. 31, 2022	Jun. 30, 2023		Jun. 30, 2022
Schedule of Investments [Line Items]
Investments at Fair Value		$ 16,630,487	[1]	$ 21,915,187		$ 16,630,487	[1]		$ 16,630,487	[1]		$ 21,915,187
Percentage of total assets at fair value		100%		100%
Cost		$ 21,190,409	[2]	$ 25,391,631		21,190,409	[2]		21,190,409	[2]		25,391,631
Structuring fees						0		$ 0	0		$ 0
Accelerated original issue discounts due to repayments								4,223			7,243
Early repayment income, interest income						0		$ 0	0		$ 0
California
Schedule of Investments [Line Items]
Investments at Fair Value		2,371,337		2,387,739		2,371,337			2,371,337			2,387,739
Cost		2,739,931		2,735,828		2,739,931			2,739,931			2,735,828
Tennessee
Schedule of Investments [Line Items]
Investments at Fair Value		1,991,623		2,626,623		1,991,623			1,991,623			2,626,623
Cost		1,984,384		2,698,856		1,984,384			$ 1,984,384			2,698,856
Connecticut
Schedule of Investments [Line Items]
Investments at Fair Value				2,264,823								2,264,823
Cost				2,395,186								$ 2,395,186
Investments at Fair Value | Geographic Concentration Risk | California
Schedule of Investments [Line Items]
Percentage of total assets at fair value									14.30%			10.90%
Investments at Fair Value | Geographic Concentration Risk | Tennessee
Schedule of Investments [Line Items]
Percentage of total assets at fair value									12%			12%
Investments at Fair Value | Geographic Concentration Risk | Connecticut
Schedule of Investments [Line Items]
Percentage of total assets at fair value												10.30%
Investment, Identifier [Axis]: Equity, Other - ACON IWP Investors I, L.L.C.
Schedule of Investments [Line Items]
Investments at Fair Value		603,000	[1],[3],[4],[5],[6],[7]	465,000	[8],[9],[10],[11]	603,000	[1],[3],[4],[5],[6],[7]		$ 603,000	[1],[3],[4],[5],[6],[7]		$ 465,000	[8],[9],[10],[11]
Cost		472,357	[2],[3],[4],[5],[6],[7]	472,357	[8],[9],[10],[11]	472,357	[2],[3],[4],[5],[6],[7]		472,357	[2],[3],[4],[5],[6],[7]		472,357	[8],[9],[10],[11]
Investment, Identifier [Axis]: Equity, Other - FullBeauty Brands Holding, Common Stock
Schedule of Investments [Line Items]
Investments at Fair Value		7,879	[1],[3],[4],[5],[6],[7]	13,096	[8],[9],[10],[11]	7,879	[1],[3],[4],[5],[6],[7]		7,879	[1],[3],[4],[5],[6],[7]		13,096	[8],[9],[10],[11]
Cost		198,026	[2],[3],[4],[5],[6],[7]	198,026	[8],[9],[10],[11]	198,026	[2],[3],[4],[5],[6],[7]		198,026	[2],[3],[4],[5],[6],[7]		198,026	[8],[9],[10],[11]
Investment, Identifier [Axis]: Equity, Other - Rising Tide Holdings, Inc., Common Stock
Schedule of Investments [Line Items]
Investments at Fair Value	[1],[3],[4],[5],[6],[7]	53,825				53,825			53,825
Cost	[2],[3],[4],[5],[6],[7]	997,560				997,560			997,560
Investment, Identifier [Axis]: Placeholder
Schedule of Investments [Line Items]
Investments at Fair Value		0		0		0			0			0		$ 0
Investment, Identifier [Axis]: Senior Secured Loans, Research Now Group, LLC
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14]			1,797,820								1,797,820
Cost	[9],[11],[13],[14],[15]			1,920,012								1,920,012
Investment, Identifier [Axis]: Senior Secured Loans, Viapath Technologies
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14],[16]			405,431								405,431
Cost	[9],[11],[13],[14],[15],[16]			412,170								412,170
Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14],[16]			1,918,782								1,918,782
Cost	[9],[11],[13],[14],[15],[16]			1,871,317								1,871,317
Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.)
Schedule of Investments [Line Items]
Investments at Fair Value	[1],[3],[5],[6],[17],[18],[19]	1,611,538				1,611,538			1,611,538
Cost	[2],[3],[5],[6],[17],[18],[19]	1,894,120				1,894,120			1,894,120
Investment, Identifier [Axis]: Senior Secured Loans, BCPE North Star US Holdco 2
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14]			920,151								920,151
Cost	[9],[11],[13],[14],[15]			972,281								972,281
Investment, Identifier [Axis]: Senior Secured Loans, BCPE North Star US Holdco 2, Inc.
Schedule of Investments [Line Items]
Investments at Fair Value	[1],[3],[5],[6],[18]	927,178				927,178			927,178
Cost	[2],[3],[5],[6],[18]	960,987				960,987			960,987
Investment, Identifier [Axis]: Senior Secured Loans, CareerBuilder, LLC
Schedule of Investments [Line Items]
Investments at Fair Value		379,399	[1],[3],[5],[6],[17],[18]	499,544	[9],[11],[12],[13],[14],[16]	379,399	[1],[3],[5],[6],[17],[18]		379,399	[1],[3],[5],[6],[17],[18]		499,544	[9],[11],[12],[13],[14],[16]
Cost		701,207	[2],[3],[5],[6],[17],[18]	723,343	[9],[11],[13],[14],[15],[16]	701,207	[2],[3],[5],[6],[17],[18]		701,207	[2],[3],[5],[6],[17],[18]		723,343	[9],[11],[13],[14],[15],[16]
Investment, Identifier [Axis]: Senior Secured Loans, DRI Holding Inc
Schedule of Investments [Line Items]
Investments at Fair Value		972,576	[1],[3],[5],[6],[18]	971,690	[9],[11],[12],[13],[14]	972,576	[1],[3],[5],[6],[18]		972,576	[1],[3],[5],[6],[18]		971,690	[9],[11],[12],[13],[14]
Cost		966,985	[2],[3],[5],[6],[18]	977,525	[9],[11],[13],[14],[15]	966,985	[2],[3],[5],[6],[18]		966,985	[2],[3],[5],[6],[18]		977,525	[9],[11],[13],[14],[15]
Investment, Identifier [Axis]: Senior Secured Loans, DTI Holdco, Inc.
Schedule of Investments [Line Items]
Investments at Fair Value		736,903	[1],[3],[5],[6],[18]	710,099	[9],[11],[12],[13],[14]	736,903	[1],[3],[5],[6],[18]		736,903	[1],[3],[5],[6],[18]		710,099	[9],[11],[12],[13],[14]
Investment owned, discount (premium)		(16,900)		17,735		(16,900)			(16,900)			17,735
Cost		720,003	[2],[3],[5],[6],[18]	727,834	[9],[11],[13],[14],[15]	720,003	[2],[3],[5],[6],[18]		720,003	[2],[3],[5],[6],[18]		727,834	[9],[11],[13],[14],[15]
Investment, Identifier [Axis]: Senior Secured Loans, First Brands Group
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14]			470,696								470,696
Cost	[9],[11],[13],[14],[15]			470,727								470,727
Investment, Identifier [Axis]: Senior Secured Loans, PetVet Care Centers, LLC
Schedule of Investments [Line Items]
Investments at Fair Value	[11],[12],[13],[14],[20]			467,003								467,003
Cost	[11],[13],[14],[15],[20]			475,174								475,174
Investment, Identifier [Axis]: Senior Secured Loans, RC Buyer, Inc
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14]			678,492								678,492
Cost	[9],[11],[13],[14],[15]			703,653								703,653
Investment, Identifier [Axis]: Senior Secured Loans, Research Now Group and Dynata LLC
Schedule of Investments [Line Items]
Investments at Fair Value	[1],[3],[5],[6],[18]	1,542,206				1,542,206			1,542,206
Cost	[2],[3],[5],[6],[18]	1,905,762				1,905,762			1,905,762
Investment, Identifier [Axis]: Senior Secured Loans, Rising Tide Holdings, Inc.
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14],[21]			669,880								669,880
Cost	[9],[11],[13],[14],[15],[21]			997,560								997,560
Investment, Identifier [Axis]: Senior Secured Loans, Sorenson Communications, LLC
Schedule of Investments [Line Items]
Investments at Fair Value		995,092	[1],[3],[5],[6],[18]	1,062,278	[9],[11],[12],[13],[14]	995,092	[1],[3],[5],[6],[18]		995,092	[1],[3],[5],[6],[18]		1,062,278	[9],[11],[12],[13],[14]
Cost		985,725	[2],[3],[5],[6],[18]	1,055,986	[9],[11],[13],[14],[15]	985,725	[2],[3],[5],[6],[18]		985,725	[2],[3],[5],[6],[18]		1,055,986	[9],[11],[13],[14],[15]
Investment, Identifier [Axis]: Senior Secured Loans, Staples, Inc.
Schedule of Investments [Line Items]
Investments at Fair Value		953,244	[1],[5],[6],[17],[18],[22]	1,662,469	[11],[12],[13],[14],[16],[20]	953,244	[1],[5],[6],[17],[18],[22]		953,244	[1],[5],[6],[17],[18],[22]		1,662,469	[11],[12],[13],[14],[16],[20]
Cost		988,645	[2],[5],[6],[17],[18],[22]	1,917,882	[11],[13],[14],[15],[16],[20]	988,645	[2],[5],[6],[17],[18],[22]		988,645	[2],[5],[6],[17],[18],[22]		1,917,882	[11],[13],[14],[15],[16],[20]
Investment, Identifier [Axis]: Senior Secured Loans, Upstream Newco, Inc.
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14]			1,179,920								1,179,920
Cost	[9],[11],[13],[14],[15]			1,225,000								1,225,000
Investment, Identifier [Axis]: Senior Secured Loans, ViaPath Technologies
Schedule of Investments [Line Items]
Investments at Fair Value	[1],[3],[5],[6],[17],[18]	406,766				406,766			406,766
Cost	[2],[3],[5],[6],[17],[18]	409,267				409,267			409,267
Investment, Identifier [Axis]: Senior Secured Loans, Wellpath Holdings, Inc.
Schedule of Investments [Line Items]
Investments at Fair Value		1,991,623	[1],[3],[5],[6],[17],[18]	1,948,131	[9],[11],[12],[13],[14],[16]	1,991,623	[1],[3],[5],[6],[17],[18]		1,991,623	[1],[3],[5],[6],[17],[18]		1,948,131	[9],[11],[12],[13],[14],[16]
Cost		1,984,384	[2],[3],[5],[6],[17],[18]	1,995,203	[9],[11],[13],[14],[15],[16]	1,984,384	[2],[3],[5],[6],[17],[18]		1,984,384	[2],[3],[5],[6],[17],[18]		1,995,203	[9],[11],[13],[14],[15],[16]
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance
Schedule of Investments [Line Items]
Investments at Fair Value	[1],[3],[5],[6],[18],[19]	1,398,761				1,398,761			1,398,761
Cost	[2],[3],[5],[6],[18],[19]	1,772,946				1,772,946			1,772,946
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance, LLC
Schedule of Investments [Line Items]
Investments at Fair Value	[9],[11],[12],[13],[14],[21]			1,416,049								1,416,049
Cost	[9],[11],[13],[14],[15],[21]			1,758,303								1,758,303
Investment, Identifier [Axis]: Senior Secured Notes, CURO Group Holdings Corp.
Schedule of Investments [Line Items]
Investments at Fair Value		288,075	[1],[3],[5],[6],[7]	271,899	[8],[9],[12]	288,075	[1],[3],[5],[6],[7]		288,075	[1],[3],[5],[6],[7]		271,899	[8],[9],[12]
Cost		752,630	[2],[3],[5],[6],[7]	752,867	[8],[9],[15]	752,630	[2],[3],[5],[6],[7]		752,630	[2],[3],[5],[6],[7]		752,867	[8],[9],[15]
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXIV
Schedule of Investments [Line Items]
Investments at Fair Value		156,925	[1],[3],[5],[6],[7],[23]	163,123	[8],[9],[11],[12],[24]	156,925	[1],[3],[5],[6],[7],[23]		156,925	[1],[3],[5],[6],[7],[23]		163,123	[8],[9],[11],[12],[24]
Cost		163,746	[2],[3],[5],[6],[7],[23]	166,533	[8],[9],[11],[15],[24]	163,746	[2],[3],[5],[6],[7],[23]		163,746	[2],[3],[5],[6],[7],[23]		166,533	[8],[9],[11],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXVI
Schedule of Investments [Line Items]
Investments at Fair Value		142,350	[1],[3],[5],[6],[7],[23]	164,613	[8],[9],[11],[12],[24]	142,350	[1],[3],[5],[6],[7],[23]		142,350	[1],[3],[5],[6],[7],[23]		164,613	[8],[9],[11],[12],[24]
Cost		179,839	[2],[3],[5],[6],[7],[23]	188,599	[8],[9],[11],[15],[24]	179,839	[2],[3],[5],[6],[7],[23]		179,839	[2],[3],[5],[6],[7],[23]		188,599	[8],[9],[11],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, California CLO IX, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		233,950	[1],[3],[5],[6],[7],[23]	240,926	[8],[9],[11],[12],[24]	233,950	[1],[3],[5],[6],[7],[23]		233,950	[1],[3],[5],[6],[7],[23]		240,926	[8],[9],[11],[12],[24]
Cost		264,287	[2],[3],[5],[6],[7],[23]	265,278	[8],[9],[11],[15],[24]	264,287	[2],[3],[5],[6],[7],[23]		264,287	[2],[3],[5],[6],[7],[23]		265,278	[8],[9],[11],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2014-4-R, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		133,775	[1],[3],[5],[6],[7],[23]	154,469	[8],[9],[11],[12],[24]	133,775	[1],[3],[5],[6],[7],[23]		133,775	[1],[3],[5],[6],[7],[23]		154,469	[8],[9],[11],[12],[24]
Cost		165,649	[2],[3],[5],[6],[7],[23]	174,426	[8],[9],[11],[15],[24]	165,649	[2],[3],[5],[6],[7],[23]		165,649	[2],[3],[5],[6],[7],[23]		174,426	[8],[9],[11],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2017-5, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		299,200	[1],[3],[5],[6],[7],[23],[25]	319,644	[8],[9],[11],[12],[24]	299,200	[1],[3],[5],[6],[7],[23],[25]		299,200	[1],[3],[5],[6],[7],[23],[25]		319,644	[8],[9],[11],[12],[24]
Cost		396,670	[2],[3],[5],[6],[7],[23],[25]	422,204	[8],[9],[11],[15],[24]	396,670	[2],[3],[5],[6],[7],[23],[25]		396,670	[2],[3],[5],[6],[7],[23],[25]		422,204	[8],[9],[11],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Galaxy XIX CLO, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		114,800	[1],[3],[5],[6],[7],[23],[25]	126,513	[8],[9],[11],[12],[24]	114,800	[1],[3],[5],[6],[7],[23],[25]		114,800	[1],[3],[5],[6],[7],[23],[25]		126,513	[8],[9],[11],[12],[24]
Cost		162,666	[2],[3],[5],[6],[7],[23],[25]	174,231	[8],[9],[11],[15],[24]	162,666	[2],[3],[5],[6],[7],[23],[25]		162,666	[2],[3],[5],[6],[7],[23],[25]		174,231	[8],[9],[11],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, GoldenTree Loan Opportunities IX, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		89,150	[1],[3],[5],[6],[7],[23],[25]	116,952	[8],[9],[11],[12],[24]	89,150	[1],[3],[5],[6],[7],[23],[25]		89,150	[1],[3],[5],[6],[7],[23],[25]		116,952	[8],[9],[11],[12],[24]
Cost		155,929	[2],[3],[5],[6],[7],[23],[25]	167,080	[8],[9],[11],[15],[24]	155,929	[2],[3],[5],[6],[7],[23],[25]		155,929	[2],[3],[5],[6],[7],[23],[25]		167,080	[8],[9],[11],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIII, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		92,200	[1],[3],[5],[6],[7],[23]	110,817	[8],[9],[11],[12],[24],[26]	92,200	[1],[3],[5],[6],[7],[23]		92,200	[1],[3],[5],[6],[7],[23]		110,817	[8],[9],[11],[12],[24],[26]
Cost		121,587	[2],[3],[5],[6],[7],[23]	133,019	[8],[9],[11],[15],[24],[26]	121,587	[2],[3],[5],[6],[7],[23]		121,587	[2],[3],[5],[6],[7],[23]		133,019	[8],[9],[11],[15],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIV, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		147,425	[1],[3],[5],[6],[7],[23]	152,446	[8],[9],[11],[12],[24]	147,425	[1],[3],[5],[6],[7],[23]		147,425	[1],[3],[5],[6],[7],[23]		152,446	[8],[9],[11],[12],[24]
Cost		182,783	[2],[3],[5],[6],[7],[23]	189,166	[8],[9],[11],[15],[24]	182,783	[2],[3],[5],[6],[7],[23]		182,783	[2],[3],[5],[6],[7],[23]		189,166	[8],[9],[11],[15],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, OZLM XII, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		0	[1],[3],[5],[6],[7],[23],[25]	0	[8],[9],[11],[24],[26]	0	[1],[3],[5],[6],[7],[23],[25]		0	[1],[3],[5],[6],[7],[23],[25]		0	[8],[9],[11],[24],[26]
Cost		147,499	[2],[3],[5],[6],[7],[23],[25]	147,499	[8],[9],[11],[24],[26]	147,499	[2],[3],[5],[6],[7],[23],[25]		147,499	[2],[3],[5],[6],[7],[23],[25]		147,499	[8],[9],[11],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 30, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		250,373	[1],[3],[5],[6],[7],[23],[25]	284,479	[8],[9],[11],[24]	250,373	[1],[3],[5],[6],[7],[23],[25]		250,373	[1],[3],[5],[6],[7],[23],[25]		284,479	[8],[9],[11],[24]
Cost		323,674	[2],[3],[5],[6],[7],[23],[25]	354,696	[8],[9],[11],[24]	323,674	[2],[3],[5],[6],[7],[23],[25]		323,674	[2],[3],[5],[6],[7],[23],[25]		354,696	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 31, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		113,925	[1],[3],[5],[6],[7],[23]	138,013	[8],[9],[11],[24]	113,925	[1],[3],[5],[6],[7],[23]		113,925	[1],[3],[5],[6],[7],[23]		138,013	[8],[9],[11],[24]
Cost		136,474	[2],[3],[5],[6],[7],[23]	148,955	[8],[9],[11],[24]	136,474	[2],[3],[5],[6],[7],[23]		136,474	[2],[3],[5],[6],[7],[23]		148,955	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 36, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		298,050	[1],[3],[5],[6],[7],[23]	320,718	[8],[9],[11],[24]	298,050	[1],[3],[5],[6],[7],[23]		298,050	[1],[3],[5],[6],[7],[23]		320,718	[8],[9],[11],[24]
Cost		361,146	[2],[3],[5],[6],[7],[23]	380,983	[8],[9],[11],[24]	361,146	[2],[3],[5],[6],[7],[23]		361,146	[2],[3],[5],[6],[7],[23]		380,983	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 39, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		192,000	[1],[3],[5],[6],[7]	196,987	[8],[9],[11],[24]	192,000	[1],[3],[5],[6],[7]		192,000	[1],[3],[5],[6],[7]		196,987	[8],[9],[11],[24]
Cost		203,281	[2],[3],[5],[6],[7]	204,843	[8],[9],[11],[24]	203,281	[2],[3],[5],[6],[7]		203,281	[2],[3],[5],[6],[7]		204,843	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XIV, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		117,385	[1],[3],[5],[6],[7],[23],[25]	231,504	[8],[9],[11],[12],[24],[26]	117,385	[1],[3],[5],[6],[7],[23],[25]		117,385	[1],[3],[5],[6],[7],[23],[25]		231,504	[8],[9],[11],[12],[24],[26]
Cost		388,254	[2],[3],[5],[6],[7],[23],[25]	401,984	[8],[9],[11],[15],[24],[26]	388,254	[2],[3],[5],[6],[7],[23],[25]		388,254	[2],[3],[5],[6],[7],[23],[25]		401,984	[8],[9],[11],[15],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XV, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		203,800	[1],[3],[5],[6],[7],[23],[25]	244,193	[8],[9],[11],[24]	203,800	[1],[3],[5],[6],[7],[23],[25]		203,800	[1],[3],[5],[6],[7],[23],[25]		244,193	[8],[9],[11],[24]
Cost		267,307	[2],[3],[5],[6],[7],[23],[25]	283,882	[8],[9],[11],[24]	267,307	[2],[3],[5],[6],[7],[23],[25]		267,307	[2],[3],[5],[6],[7],[23],[25]		283,882	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XXI,Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		177,531	[1],[3],[5],[6],[7],[17],[23]	188,503	[8],[9],[11],[16],[24]	177,531	[1],[3],[5],[6],[7],[17],[23]		177,531	[1],[3],[5],[6],[7],[17],[23]		188,503	[8],[9],[11],[16],[24]
Cost		232,528	[2],[3],[5],[6],[7],[17],[23]	241,912	[8],[9],[11],[16],[24]	232,528	[2],[3],[5],[6],[7],[17],[23]		232,528	[2],[3],[5],[6],[7],[17],[23]		241,912	[8],[9],[11],[16],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO II, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		326,100	[1],[3],[5],[6],[7],[23],[25]	456,140	[8],[9],[11],[24],[26]	326,100	[1],[3],[5],[6],[7],[23],[25]		326,100	[1],[3],[5],[6],[7],[23],[25]		456,140	[8],[9],[11],[24],[26]
Cost		652,197	[2],[3],[5],[6],[7],[23],[25]	697,068	[8],[9],[11],[24],[26]	652,197	[2],[3],[5],[6],[7],[23],[25]		652,197	[2],[3],[5],[6],[7],[23],[25]		697,068	[8],[9],[11],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO VII-R, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		46,875	[1],[3],[5],[6],[7],[23]	45,533	[8],[9],[11],[24]	46,875	[1],[3],[5],[6],[7],[23]		46,875	[1],[3],[5],[6],[7],[23]		45,533	[8],[9],[11],[24]
Cost		62,429	[2],[3],[5],[6],[7],[23]	61,100	[8],[9],[11],[24]	62,429	[2],[3],[5],[6],[7],[23]		62,429	[2],[3],[5],[6],[7],[23]		61,100	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO XVIII, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		116,975	[1],[3],[5],[6],[7],[23],[25]	144,187	[8],[9],[11],[24]	116,975	[1],[3],[5],[6],[7],[23],[25]		116,975	[1],[3],[5],[6],[7],[23],[25]		144,187	[8],[9],[11],[24]
Cost		173,136	[2],[3],[5],[6],[7],[23],[25]	190,013	[8],[9],[11],[24]	173,136	[2],[3],[5],[6],[7],[23],[25]		173,136	[2],[3],[5],[6],[7],[23],[25]		190,013	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, THL Credit Wind River 2013-1 CLO, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		89,993	[1],[3],[5],[6],[7],[23],[25]	103,140	[8],[9],[11],[24],[26]	89,993	[1],[3],[5],[6],[7],[23],[25]		89,993	[1],[3],[5],[6],[7],[23],[25]		103,140	[8],[9],[11],[24],[26]
Cost		199,070	[2],[3],[5],[6],[7],[23],[25]	199,070	[8],[9],[11],[24],[26]	199,070	[2],[3],[5],[6],[7],[23],[25]		199,070	[2],[3],[5],[6],[7],[23],[25]		199,070	[8],[9],[11],[24],[26]
Investment, Identifier [Axis]: Structured Subordinated Notes, Venture XXXIV CLO, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		178,575	[1],[3],[5],[6],[7],[23]	196,420	[8],[9],[11],[24]	178,575	[1],[3],[5],[6],[7],[23]		178,575	[1],[3],[5],[6],[7],[23]		196,420	[8],[9],[11],[24]
Cost		213,677	[2],[3],[5],[6],[7],[23]	217,261	[8],[9],[11],[24]	213,677	[2],[3],[5],[6],[7],[23]		213,677	[2],[3],[5],[6],[7],[23]		217,261	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya CLO 2016-1, Ltd.
Schedule of Investments [Line Items]
Investments at Fair Value		137,700	[1],[3],[5],[6],[7],[23],[25]	165,765	[8],[9],[11],[24]	137,700	[1],[3],[5],[6],[7],[23],[25]		137,700	[1],[3],[5],[6],[7],[23],[25]		165,765	[8],[9],[11],[24]
Cost		175,385	[2],[3],[5],[6],[7],[23],[25]	190,279	[8],[9],[11],[24]	175,385	[2],[3],[5],[6],[7],[23],[25]		175,385	[2],[3],[5],[6],[7],[23],[25]		190,279	[8],[9],[11],[24]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya IM CLO 2013-1, Ltd
Schedule of Investments [Line Items]
Investments at Fair Value		103,365	[1],[3],[5],[6],[7],[17],[23],[25]	121,672	[8],[9],[11],[16],[24]	103,365	[1],[3],[5],[6],[7],[17],[23],[25]		103,365	[1],[3],[5],[6],[7],[17],[23],[25]		121,672	[8],[9],[11],[16],[24]
Cost		$ 150,592	[2],[3],[5],[6],[7],[17],[23],[25]	$ 164,330	[8],[9],[11],[16],[24]	$ 150,592	[2],[3],[5],[6],[7],[17],[23],[25]		$ 150,592	[2],[3],[5],[6],[7],[17],[23],[25]		$ 164,330	[8],[9],[11],[16],[24]
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]See Note 6 for a discussion of the tax cost of the portfolio.[3]Investment(s) is (are) valued using significant unobservable inputs and are categorized as Level 3 investments in accordance with ASC 820. See Notes 2 and 8 within the accompanying notes to the consolidated financial statements.[4]Represents non-income producing security that has not paid interest or dividends in the year preceding the reporting date.[5]Security is held by the Company and is pledged as collateral for the Senior Secured Revolving Credit Facility (see Note 10). The fair value of the investments used as collateral by the Company for the Senior Secured Revolving Credit Facility at December 31, 2023 was $16,630,487, representing 100% of our total investments.[6]The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These securities may be resold only in transactions that are exempt from registration under the Securities Act.[7]ndicates assets that the Company believes do not represent “qualifying assets” under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. Of the Company’s total investments as of December 31, 2023, 20% are non-qualifying assets as a percentage of total assets.[8]Indicates assets that the Company believes do not represent “qualifying assets” under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. Of the Company’s total investments as of June 30, 2023, 17% are non-qualifying assets as a percentage of total assets.[9]Investment(s) is (are) valued using significant unobservable inputs and are categorized as Level 3 investments in accordance with ASC 820. See Notes 3 and 9 within the accompanying notes to the consolidated financial statements.[10]Represents non-income producing security that has not paid interest or dividends in the year preceding the reporting date.[11]The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These securities may be resold only in transactions that are exempt from registration under the Securities Act.[12]Fair value is determined by the Company’s Board of Directors (see Note 2).[13]Security is held by Prospect Flexible Funding, LLC, our SPV, and is pledged as collateral for the Credit Facility and such security is not available as collateral to our general creditors (see Note 10). The fair values of the investments held by the SPV at June 30, 2023 was $16,278,891 representing 74% of our total investments.[14]Syndicated investments which were originated by a financial institution and broadly distributed.[15]See Note 6 for a discussion of the tax cost of the portfolio.[16]Acquisition date represents the date of the Company's initial investment. Follow-on acquisitions have occurred on the following dates to arrive at the Company's current investment (excluding effects of capitalized PIK interest, premium/original issue discount amortization/accretion, and partial repayments): Portfolio Company Investment Follow-On Acquisition Dates Follow-On Acquisitions (Excluding initial investment cost) Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.) Senior Secured Loans-First Lien 8/2/2019 908,750 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 Staples, Inc. Senior Secured Loans-First Lien 2/3/2020 980,031 ViaPath Technologies (f/k/a Global Tel*Link Corporation) Senior Secured Loans-First Lien 7/9/2019, 7/16/2019 1,436,250 Voya IM CLO 2013-1, Ltd. Structured Subordinated Notes 10/17/2017, 7/1/2019 20,584 Wellpath Holdings, Inc. (f/k/a Correct Care Solutions Group Holdings, LLC) Senior Secured Loans-First Lien 4/10/2019, 7/25/2019 1,327,000 Portfolio Company Investment Follow-On Acquisition Dates Follow-On Acquisitions (Excluding initial investment cost) Aventiv Technologies, LLC (f/k/a Securus Technologies Holdings, Inc.) Senior Secured Loans-First Lien 8/2/2019 $ 908,750 CareerBuilder, LLC Senior Secured Loans-First Lien 6/5/2020 690,000 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 Staples, Inc. Senior Secured Loans-First Lien 2/3/2020 980,031 ViaPath Technologies (f/k/a Global Tel*Link Corporation) Senior Secured Loans-First Lien 7/9/2019, 7/16/2019 1,436,250 Voya IM CLO 2013-1, Ltd. Structured Subordinated Notes 10/17/2017, 7/1/2019 20,584 Wellpath Holdings, Inc. (f/k/a Correct Care Solutions Group Holdings, LLC) Senior Secured Loans-First Lien 4/10/2019, 7/25/2019 1,327,000 Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Aventiv Technologies, LLC - First Lien Term Loan 3.89 % 6.61 % — % (A) Shutterfly Finance, LLC - Second Lien Term Loan 4.00 % — % 4.00 % (A) On December 29, 2023, the Aventive Technologies, LLC First Lien Loan was amended to allow for a portion of interest accruing in cash to be payable in kind. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed under the existing credit agreements, as of and for the year ended June 30, 2023: Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Rising Tide Holdings, Inc. - First Lien Term Loan 3.75 % — % 3.75 % Shutterfly Finance, LLC - Second Lien Term Loan — % 4.00 % 4.00 %

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Industries and Geographical Locations Comprising Greater than 10% of Portfolio Fair Value (Details) - USD ($)	Dec. 31, 2023		Jun. 30, 2023
Concentration Risk [Line Items]
Cost	$ 21,190,409	[1]	$ 25,391,631
Fair Value	$ 16,630,487	[2]	$ 21,915,187
% of Portfolio	100%		100%
Healthcare & Pharmaceuticals
Concentration Risk [Line Items]
Cost	$ 2,456,741		$ 2,942,734
Fair Value	$ 2,594,623		$ 2,880,134
Healthcare & Pharmaceuticals | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	16%		13%
Services: Business
Concentration Risk [Line Items]
Cost	$ 2,625,765		$ 2,647,846
Fair Value	$ 2,279,109		$ 2,507,919
Services: Business | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	14%		11%
Services: Consumer
Concentration Risk [Line Items]
Cost			$ 3,004,329
Fair Value	$ 1,374,491		$ 2,741,742
Services: Consumer | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio			13%
Telecommunications
Concentration Risk [Line Items]
Cost	2,303,386		$ 2,283,486
Fair Value	$ 2,018,304		$ 2,324,213
Telecommunications | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	12%		11%
All Other Industries
Concentration Risk [Line Items]
Cost	$ 13,804,517		$ 14,513,236
Fair Value	$ 9,738,451		$ 11,461,179
All Other Industries | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	59%		52%
[1]See Note 6 for a discussion of the tax cost of the portfolio.[2]Fair value is determined by the Company’s Board of Directors (see Note 2).

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Changes in Fair Value of Level 3 Investments (Details) - USD ($)	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	$ 19,785,715	$ 26,230,838
Net realized and unrealized gains (losses) on investments	(1,756,744)	(1,104,500)
Restructuring of investments	327,680
Payment-in-kind interest	58,870	162
Accretion (amortization) of purchase discount and premium, net	(15,885)	36,743
Repayments and sales of portfolio investments	(2,464,592)	(1,924,957)
Net Reductions to Subordinated Structured Notes and related investment cost	(284,605)
Transfers into Level 3	0	5,422,493
Transfers out of Level 3	(710,099)	(1,407,887)
Fair value, ending balance	14,940,340	27,184,199
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	(1,744,250)	(1,115,475)
Investments | Debt and Equity Securities, Realized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	(82,766)	0
Investments | Debt and Equity Securities, Unrealized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	(1,673,978)	(1,104,500)
Senior Secured Loans-First Lien
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	13,232,914	19,951,625
Net realized and unrealized gains (losses) on investments	(590,542)	(668,409)
Restructuring of investments	(669,880)
Payment-in-kind interest	18,818	0
Accretion (amortization) of purchase discount and premium, net	(7,881)	34,021
Repayments and sales of portfolio investments	(2,446,952)	(1,900,887)
Net Reductions to Subordinated Structured Notes and related investment cost	0	0
Transfers into Level 3	0	5,422,493
Transfers out of Level 3	(710,099)	(1,407,887)
Fair value, ending balance	8,826,378	21,430,956
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	(578,048)	(678,500)
Senior Secured Loans-First Lien | Debt and Equity Securities, Realized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	(82,766)	0
Senior Secured Loans-First Lien | Debt and Equity Securities, Unrealized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	(507,776)	(668,409)
Senior Secured Loans-Second Lien
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	1,416,049	511,464
Net realized and unrealized gains (losses) on investments	(31,932)	(33,506)
Restructuring of investments	0
Payment-in-kind interest	40,052	162
Accretion (amortization) of purchase discount and premium, net	(7,768)	2,722
Repayments and sales of portfolio investments	(17,640)	(13,342)
Net Reductions to Subordinated Structured Notes and related investment cost	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair value, ending balance	1,398,761	467,500
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	(31,932)	(34,390)
Senior Secured Loans-Second Lien | Debt and Equity Securities, Realized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	0	0
Senior Secured Loans-Second Lien | Debt and Equity Securities, Unrealized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	(31,932)	(33,506)
Senior Secured Notes
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	271,899
Net realized and unrealized gains (losses) on investments	16,412
Restructuring of investments	0
Payment-in-kind interest	0
Accretion (amortization) of purchase discount and premium, net	(236)
Repayments and sales of portfolio investments	0
Net Reductions to Subordinated Structured Notes and related investment cost	0	(68,693)
Transfers into Level 3	0
Transfers out of Level 3	0
Fair value, ending balance	288,075
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	16,412
Senior Secured Notes | Debt and Equity Securities, Realized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	0
Senior Secured Notes | Debt and Equity Securities, Unrealized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	16,412
Structured Subordinated Notes
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	4,386,757	5,126,749
Net realized and unrealized gains (losses) on investments	(339,730)	(296,188)
Restructuring of investments	0
Payment-in-kind interest	0	0
Accretion (amortization) of purchase discount and premium, net	0
Repayments and sales of portfolio investments	0	0
Net Reductions to Subordinated Structured Notes and related investment cost	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair value, ending balance	3,762,422	4,761,868
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	(339,730)	(296,188)
Structured Subordinated Notes | Debt and Equity Securities, Realized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	0	0
Structured Subordinated Notes | Debt and Equity Securities, Unrealized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	(339,730)	(296,188)
Equity/Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	478,096	641,000
Net realized and unrealized gains (losses) on investments	(810,952)	(106,397)
Restructuring of investments	997,560
Payment-in-kind interest	0	0
Accretion (amortization) of purchase discount and premium, net	0	0
Repayments and sales of portfolio investments	0	(10,728)
Net Reductions to Subordinated Structured Notes and related investment cost	(284,605)	(68,693)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair value, ending balance	664,704	523,875
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	(810,952)	(106,397)
Equity/Other | Debt and Equity Securities, Realized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	0	0
Equity/Other | Debt and Equity Securities, Unrealized Gain (Loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses included in earnings	$ (810,952)	$ (106,397)

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable Inputs Used in Fair Value Measurement of Level 3 Investments (Details)	Dec. 31, 2023 USD ($)		Jun. 30, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 16,630,487	[1]	$ 21,915,187
Senior Secured First Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	10,516,525		15,362,386
Senior Secured Second Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,398,761		1,416,049
Equity/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	664,704		478,096
Structured Subordinated Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	3,762,422		4,386,757
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	14,940,340		19,785,715
Level 3 | Senior Secured First Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	8,826,378		13,232,914
Level 3 | Senior Secured First Lien Debt | Sensitivity Analysis (Current Value Method)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 379,399		$ 499,544
Level 3 | Senior Secured First Lien Debt | Sensitivity Analysis (Current Value Method) | Enterprise Values | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.30		4
Level 3 | Senior Secured First Lien Debt | Sensitivity Analysis (Current Value Method) | Enterprise Values | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.40		5
Level 3 | Senior Secured First Lien Debt | Sensitivity Analysis (Current Value Method) | Enterprise Values | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.35		5
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 8,446,979		$ 12,733,370
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis) | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.0867		0.0891
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis) | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.2645		0.2007
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis) | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.1536		0.1312
Level 3 | Senior Secured Second Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,398,761		$ 1,416,049
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,398,761		$ 1,416,049
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis) | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.1707		0.1600
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis) | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.1882		0.1670
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis) | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.1795		0.164
Level 3 | Senior Secured Notes | Discounted Cash Flow (Yield Analysis)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 288,075		$ 271,899
Level 3 | Senior Secured Notes | Discounted Cash Flow (Yield Analysis) | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.3134		0.3396
Level 3 | Senior Secured Notes | Discounted Cash Flow (Yield Analysis) | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.5633		0.3428
Level 3 | Senior Secured Notes | Discounted Cash Flow (Yield Analysis) | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.4384		0.3412
Level 3 | Equity/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 664,704		$ 478,096
Level 3 | Equity/Other | Enterprise Value Waterfall (Market Approach)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 664,704		$ 478,096
Level 3 | Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiples (x) | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.40		5.25
Level 3 | Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiples (x) | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	9.25		9.25
Level 3 | Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiples (x) | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	7.81		8.42
Level 3 | Structured Subordinated Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 3,762,422		$ 4,386,757
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 3,762,422		$ 4,386,757
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis) | Discount Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.0732		0.0835
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis) | Discount Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.2901		0.3378
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis) | Discount Rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.1841		0.2404
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).

REVOLVING CREDIT FACILITIES (De

REVOLVING CREDIT FACILITIES (Details) - USD ($)						2 Months Ended	3 Months Ended			6 Months Ended					12 Months Ended		15 Months Ended
	Dec. 31, 2023	Jun. 30, 2023	May 01, 2023	Apr. 30, 2023	May 16, 2019	Oct. 25, 2023	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Nov. 15, 2021	May 14, 2021	Nov. 15, 2020	Aug. 25, 2023	Jun. 30, 2023	Aug. 25, 2022
Line of Credit Facility [Line Items]
Monthly payments			$ 2,000,000	$ 4,000,000
Percentage of total assets at fair value	100%	100%
Debt financing costs	$ 806,503	$ 230,022					$ 806,503			$ 806,503						$ 230,022
Interest expense							197,033		$ 320,992	487,246	$ 590,250
Extinguishment of debt							$ 0		0	$ (66,844)	0
Asset coverage ratio	393%	271%					393%			393%						271%
Investments Held Benchmark | Product Concentration Risk | Net Assets
Line of Credit Facility [Line Items]
Percentage of total assets at fair value								74%		100%
Revolving Credit Facility | Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 50,000,000
Credit facility outstanding balance	$ 0	$ 8,600,000					$ 0			$ 0						$ 8,600,000
Collateralized financings	0	16,278,891					0			0						16,278,891
Cash collateral	0	61,833					0			0						61,833
Debt issuance costs, gross	636,342						636,342			636,342
Debt financing costs	0	230,022					0			0						$ 230,022
Interest expense							0		320,992	163,178	590,250
Extinguishment of debt							$ 0		$ 0	(66,844)	$ 0
Revolving Credit Facility | Credit Facility | Investments Held Benchmark | Product Concentration Risk | Net Assets
Line of Credit Facility [Line Items]
Percentage of total assets at fair value							0%									74%
Revolving Credit Facility | Credit Facility | SOFR
Line of Credit Facility [Line Items]
Basis spread						1.55%									2.20%
Revolving Credit Facility | Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread					1.55%							2.20%	2.20%	2.20%	2.20%		2.20%
Senior Secured Revolving Credit Facility
Line of Credit Facility [Line Items]
Credit facility outstanding balance	$ 4,200,000	$ 0					$ 4,200,000			$ 4,200,000						$ 0
Senior Secured Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Asset coverage ratio	150%						150%			150%
Senior Secured Revolving Credit Facility | Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 20,000,000						$ 20,000,000			$ 20,000,000
Credit facility outstanding balance	4,200,000						4,200,000			4,200,000
Collateralized financings	16,630,487						16,630,487			16,630,487
Cash collateral	505,541						505,541			505,541
Debt issuance costs, gross	884,762						884,762			884,762
Debt financing costs	806,503						806,503			806,503
Interest expense							197,033			257,224
Additional amount	150,000,000						150,000,000			150,000,000
Swingline maximum outstanding amount	$ 5,000,000						$ 5,000,000			$ 5,000,000
Stated rate	2.50%						2.50%			2.50%
Commitment fee										0.375%
Average stated interest rate							7.94%		6.43%	7.60%	5.73%
Average outstanding balance							$ 5,379,348		$ 18,684,783	$ 5,901,087	$ 19,394,022
Senior Secured Revolving Credit Facility | Credit Facility | Level 2
Line of Credit Facility [Line Items]
Lines of credit, fair value	$ 4,200,000						$ 4,200,000			$ 4,200,000
Senior Secured Revolving Credit Facility | Credit Facility | Investments Held Benchmark | Product Concentration Risk | Net Assets
Line of Credit Facility [Line Items]
Percentage of total assets at fair value										100%
Senior Secured Revolving Credit Facility | Credit Facility | SOFR
Line of Credit Facility [Line Items]
Basis spread										0.10%
Senior Secured Revolving Credit Facility | Credit Facility | Prime Rate
Line of Credit Facility [Line Items]
Basis spread										1.50%

FINANCIAL HIGHLIGHTS (Details)

FINANCIAL HIGHLIGHTS (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2023	[3]	Sep. 30, 2022	[2]
Investment Company, Financial Highlights [Roll Forward]
Net asset value, beginning balance (in dollars per share)	$ 5.44	$ 6.67	$ 6.10	$ 7.03	$ 7.03		$ 8.36		$ 8.28	$ 9.88	$ 9.89
Net investment income (loss) (in dollars per share)	(0.12)	0.06	(0.21)	0.09	0.20		0.31		(0.08)	0.24	0.91
Net realized and unrealized (losses) on investments (in dollars per share)	(0.11)	(0.39)	(0.54)	(0.63)	(0.65)		(1.05)		0.82	(1.22)	(1.11)
Net realized (losses) on extinguishment of debt (in dollars per share)	0	0	(0.03)	0
Net decrease in net assets resulting from operations (in dollars per share)	(0.23)	(0.33)	(0.78)	(0.54)	(0.45)		(0.74)		0.74	(0.98)	(0.20)
Distributions
Return of capital distributions (in dollars per share)	(0.10)	(0.02)	(0.20)	(0.06)	(0.28)		(0.16)		(0.46)	(0.57)	(0.54)
Distributions of net investment income (in dollars per share)	0	(0.10)	0	(0.2)	(0.20)		(0.43)		(0.19)	(0.15)	(0.03)
Total Distributions (in dollars per share)	(0.10)	(0.12)	(0.20)	(0.26)	(0.48)		(0.59)		(0.65)	(0.72)	(0.57)
Offering costs (in dollars per share)					0		0		0	0	0.61
Other (in dollars per share)	0.01	0.01	0	0	0		0		(0.01)	0.10	0.15
Net asset value, ending balance (in dollars per share)	$ 5.12	$ 6.23	$ 5.12	$ 6.23	$ 6.10		$ 7.03		$ 8.36	$ 8.28	$ 9.88
Total return based on net asset value	(4.21%)	(4.93%)	(13.08%)	(7.94%)	(6.67%)		(9.60%)		9.03%	(10.13%)	7.52%
Ratios/Supplemental Data
Net assets at end of period	$ 12,317,524	$ 14,767,963	$ 12,317,524	$ 14,767,963	$ 14,693,862	[1]	$ 16,700,975	[2]	$ 19,947,807	$ 19,558,400	$ 23,410,715	$ 13,106,824		$ 15,845,448
Average net assets	$ 12,712,175	$ 15,306,706	$ 13,372,737	$ 15,771,462	$ 15,303,274		$ 18,912,658		$ 20,055,524	$ 21,234,189	$ 12,536,923
Average shares outstanding - Basic (in shares)	2,406,920	2,373,798	2,405,143	2,374,492	283,649		2,380,229		2,377,461	2,366,005	1,297,582
Average shares outstanding - Diluted (in shares)	2,406,920	2,373,798	2,405,143	2,374,492	283,649		2,380,229		2,377,461	2,366,005	1,297,582
Ratio to average net assets:
Total annual expenses	26.14%	21.59%	25.15%	21.08%	21.06%		15.70%		20.07%	16.41%	23.48%
Total annual expenses (after expense limitation agreement)	23.81%	18.82%	22.79%	18.31%	18.30%		12.47%		18.44%	13.07%	9.11%
Net investment income (loss)	(8.85%)	3.96%	(7.53%)	2.83%	3.20%		3.95%		(0.93%)	2.67%	2.15%
Portfolio Turnover	0%	0%	0%	0%	0%		35.34%		17.83%	24.56%	93.42%
Asset coverage ratio	393%		393%		271%
[1]Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates for the current period. See Note 2 and 6 within the accompanying notes to the consolidated financial statements for further discussion[2]Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates for the current period. See Note 2 and 6 within the accompanying notes to the consolidated financial statements for further discussion.[3]Certain reclassifications have been made in the presentation of prior year and prior quarter amounts to conform to the presentation for the current fiscal year. In addition, we have not yet finalized return of capital estimates for the current period. See Note 2 and 6 within the accompanying notes to the consolidated financial statements for further discussion

NET INCREASE (DECREASE) IN NE_3

NET INCREASE (DECREASE) IN NET ASSETS PER SHARE (Details) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net increase (decrease) in net assets resulting from operations - basic		$ (546,884)	$ (774,616)	$ (1,869,304)	$ (1,291,928)
Weighted average shares of common stock outstanding - basic (in shares)		2,406,920	2,373,798	2,405,143	2,374,492	283,649	2,380,229	2,377,461	2,366,005	1,297,582
Weighted average shares of common stock outstanding - diluted (in shares)		2,406,920	2,373,798	2,405,143	2,374,492	283,649	2,380,229	2,377,461	2,366,005	1,297,582
Earnings (loss) per share - basic (in dollars per share)	[1]	$ (0.23)	$ (0.33)	$ (0.78)	$ (0.54)
Earnings (loss) per share - diluted (in dollars per share)	[1]	$ (0.23)	$ (0.33)	$ (0.78)	$ (0.54)
[1] For the three months ended December 31, 2023 and 2022, the weighted average common shares outstanding were 2,406,920 and 2,373,798, respectively. For the six months ended December 31, 2023 and 2022, the weighted average common shares outstanding were 2,405,143 and 2,374,492, respectively.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)

1 Months Ended

2 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Mar. 01, 2024 $ / shares

Feb. 12, 2024 USD ($) investment

Feb. 01, 2024 USD ($)

Jan. 30, 2024 USD ($)

Jan. 26, 2024 $ / shares

Dec. 29, 2023 $ / shares

Nov. 24, 2023 $ / shares

Oct. 27, 2023 $ / shares

Sep. 29, 2023 $ / shares

Aug. 25, 2023 $ / shares

Jul. 28, 2023 $ / shares

Dec. 30, 2022 $ / shares

Nov. 25, 2022 $ / shares

Oct. 28, 2022 $ / shares

Sep. 30, 2022 $ / shares

Aug. 26, 2022 $ / shares

Jul. 29, 2022 $ / shares

Feb. 08, 2024 USD ($) $ / shares shares

Oct. 25, 2023

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Aug. 25, 2023

Feb. 02, 2024 USD ($)

Jan. 29, 2024 USD ($)

Jun. 30, 2023 USD ($)

May 16, 2019 USD ($)

Subsequent Event [Line Items]

Shares issued through reinvestment of distributions

$ 107,933

$ 133,748

$ 219,938

$ 287,029

Repayments of lines of credit

2,000,000

$ 0

PFLOAT Class A Common Shares, per share (usd per share) | $ / shares

$ 0.03650

$ 0.02920

$ 0.03276

$ 0.04095

$ 0.03260

$ 0.03260

$ 0.04475

$ 0.03580

$ 0.03776

$ 0.04720

$ 0.04244

$ 0.05305

Senior Secured Revolving Credit Facility

Subsequent Event [Line Items]

Credit facility outstanding balance

4,200,000

4,200,000

$ 0

Credit Facility | Revolving Credit Facility

Subsequent Event [Line Items]

Credit facility outstanding balance

0

0

$ 8,600,000

Maximum borrowing capacity

$ 50,000,000

Credit Facility | Revolving Credit Facility | SOFR

Subsequent Event [Line Items]

Basis spread

1.55%

2.20%

Credit Facility | Revolving Credit Facility | SOFR | A Portion Due on February 1, 2024

Subsequent Event [Line Items]

Basis spread

5.50%

Credit Facility | Revolving Credit Facility | SOFR | From November 1, 2023 through February 1, 2024

Subsequent Event [Line Items]

Basis spread

1%

Credit Facility | Senior Secured Revolving Credit Facility

Subsequent Event [Line Items]

Credit facility outstanding balance

4,200,000

4,200,000

Maximum borrowing capacity

$ 20,000,000

$ 20,000,000

Credit Facility | Senior Secured Revolving Credit Facility | SOFR

Subsequent Event [Line Items]

Basis spread

0.10%

Subsequent Event

Subsequent Event [Line Items]

Shares issued through reinvestment of dividends (in shares) | shares

12,752

Shares issued through reinvestment of distributions

$ 68,483

Number of investments made | investment

5

Payments to acquire investments

$ 8,283,950

Targeted annualized distribution rate

7%

Weekly cash dividend paid (usd per share) | $ / shares

$ 0.00685

PFLOAT Class A Common Shares, per share (usd per share) | $ / shares

$ 0.02740

$ 0.02920

Subsequent Event | Senior Secured Revolving Credit Facility

Subsequent Event [Line Items]

Repayments of lines of credit

$ 4,200,000

Credit facility outstanding balance

$ 0

Subsequent Event | Credit Facility | Senior Secured Revolving Credit Facility

Subsequent Event [Line Items]

Maximum borrowing capacity

$ 65,000,000

$ 65,000,000

$ 75,000,000

$ 20,000,000

Subsequent Event | Subscription Agreement

Subsequent Event [Line Items]

Sale of stock

$ 10,000,000