TP Flexible Income Fund 10-Q 14 Nov 24 2025 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Sep. 30, 2024	Nov. 14, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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 Central Index Key	0001521945
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class A
Entity Common Stock, Shares Outstanding		8,938,263
Common Class S
Entity Common Stock, Shares Outstanding		0
Common Class D
Entity Common Stock, Shares Outstanding		0
Common Class I
Entity Common Stock, Shares Outstanding		2,237

CONSOLIDATED STATEMENTS OF ASSE

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)	Sep. 30, 2024		Jun. 30, 2024
Assets
Non-control/non-affiliate investments (amortized cost of $86,953,269 and $62,547,890, respectively) (Note 7 and 8)	$ 84,211,283	[1]	$ 59,455,010	[2]
Cash and cash equivalents	19,745,789		15,406,421
Interest receivable	1,006,198		365,038
Deferred financing costs (Note 10)	825,031		910,312
Deferred offering costs	331,152		457,656
Receivable for repayments of portfolio investments	132,847		5,141
Prepaid expenses and other assets	67,670		99,578
Total Assets	106,319,970		76,699,156
Liabilities
Senior Secured Revolving Credit Facility (Note 10)	39,600,000		27,800,000
Payable for open trades	23,021,438		15,065,919
Due to Administrator (Note 4)	1,921,943		1,766,942
Distributions payable	269,441		181,454
Accrued legal fees	181,067		223,723
Accrued audit fees	150,498		130,000
Accrued expenses	47,978		117,142
Interest payable	41,424		150,416
Total Liabilities	65,233,789		45,435,596
Commitments and Contingencies (Note 9)
Net Assets	41,086,181		31,263,560
Common Stock, par value $0.001 per share (75,000,000 shares authorized; 8,840,005 and 6,661,373 Class A shares issued and outstanding, respectively) (Note 3)	8,840		6,662
Paid-in capital in excess of par (Note 3 and Note 6)	54,004,176		43,644,788
Total distributable earnings (loss) (Note 6)	(12,926,835)		(12,387,890)
Net Assets	$ 41,086,181		$ 31,263,560
Net Asset Value Per Share (Note 11) (in dollars per share)	$ 4.65		$ 4.69
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]Fair value is determined by the Company’s Board of Directors (see Note 2).

CONSOLIDATED STATEMENTS OF AS_2

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($)	Sep. 30, 2024		Jun. 30, 2024
Statement of Financial Position [Abstract]
Investments, cost	$ 86,953,269	[1]	$ 62,547,890	[2]
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)	8,840,005		6,661,373
Common stock, shares outstanding (in shares)	8,840,005		6,661,373
[1]See Note 6 for a discussion of the tax cost of the portfolio.[2]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
		Sep. 30, 2024	Sep. 30, 2023
Investment Income
PIK interest income from non-control/non-affiliate investments		$ 69,280	$ 21,994
Interest income from structured credit securities		19,660	113,037
Total Investment Income		2,165,210	545,116
Operating Expenses
Interest expense and credit facility expenses (Note 10)		804,388	290,213
Base management fees (Note 4)		289,161	83,359
Administrator Costs (Note 4)		175,000	223,750
Audit and tax expense		154,500	28,750
Offering costs		135,527	0
Legal expense		110,601	27,405
Transfer agent’s fees and expenses		74,975	63,657
General and administrative		27,680	97,518
Insurance expense		31,907	32,191
Valuation services		16,306	4,000
Total Operating Expenses		1,820,045	850,843
Expense limitation reimbursement (Note 4)		(289,161)	(83,359)
Total Net Operating Expenses		1,530,884	767,484
Net Investment Income (Loss)		634,326	(222,368)
Net Realized Losses and Net Change in Unrealized Losses on Investments
Net realized losses		(726,757)	(215,195)
Net change in unrealized gains/(losses)		350,894	(818,013)
Net Realized Losses and Net Change in Unrealized Losses on Investments		(375,863)	(1,033,208)
Extinguishment of debt		0	(66,844)
Net Increase/(Decrease) in Net Assets Resulting from Operations		$ 258,463	$ (1,322,420)
Net increase/(decrease) in net assets resulting from operations per share (Note 11)
Basic (in dollars per share)	[1]	$ 0.03	$ (0.55)
Diluted (in dollars per share)	[1]	0.03	(0.55)
Distributions declared per share (in dollars per share)		$ 0.09	$ 0.11
Weighted-average shares of common stock outstanding
Basic (in shares)		8,776,773	2,404,057
Diluted (in shares)		8,776,773	2,404,057
Non-Control/ Non-Affiliate Investments
Investment Income
Interest income from non-control/non-affiliate investments		$ 2,076,271	$ 410,085
PIK interest income from non-control/non-affiliate investments		$ 69,279	$ 21,994
[1] For the three months ended September 30, 2024 and 2023, the weighted average Class A common stock outstanding was 8,776,773 and 2,404,057, respectively.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)		3 Months Ended				12 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Jun. 30, 2024
Investment Company, Net Assets [Roll Forward]
Beginning balance, Common stock, shares outstanding (in shares)		6,661,373
Beginning of period, Net Assets		$ 31,263,560		$ 14,693,862	[1]	$ 14,693,862	[1]
Net increase in net assets resulting from operations
Net investment income		634,326		(222,368)
Net realized (losses) on investments		(726,757)		(215,195)
Net realized (losses) on extinguishment of debt		0		(66,844)
Net change in unrealized gains (losses) on investments		350,894		(818,013)
Distributions to Shareholders
Distributions from earnings		(797,408)		0
Return of capital distributions		(33,756)		(255,054)
Capital Transactions
Shares issued		10,000,000
Shares issued through reinvestment of distributions		$ 618,760		112,005
Repurchase of common stock (in shares)		(47,845)				(86,046)
Repurchase of common stock		$ (223,438)		(121,569)
Tax Reclassification of Net Assets		0
Net (decrease)/increase from capital transactions		$ 9,822,621		(1,587,038)
Ending balance, Common stock, shares outstanding (in shares)		8,840,005				6,661,373
End of period, Net Assets		$ 41,086,181		$ 13,106,824		$ 31,263,560
Common Stock
Investment Company, Net Assets [Roll Forward]
Beginning balance, Common stock, shares outstanding (in shares)		6,661,373	[2]	2,409,452	[1]	2,409,452	[1]
Beginning of period, Net Assets		$ 6,662	[2]	$ 2,410	[1]	$ 2,410	[1]
Capital Transactions
Shares issued (in shares)	[2]	2,096,436
Shares issued	[2]	$ 2,096
Shares issued through reinvestment of distributions (in shares)		130,041	[2]	18,415
Shares issued through reinvestment of distributions		$ 130	[2]	$ 18
Repurchase of common stock (in shares)		(47,845)	[2]	(19,963)
Repurchase of common stock		$ (48)	[2]	$ (20)
Net (decrease)/increase from capital transactions (in shares)		2,178,632	[2]	(1,548)
Net (decrease)/increase from capital transactions		$ 2,178	[2]	$ (2)
Ending balance, Common stock, shares outstanding (in shares)		8,840,005	[2]	2,407,904		6,661,373	[2]
End of period, Net Assets		$ 8,840	[2]	$ 2,408		$ 6,662	[2]
Paid-in Capital in Excess of Par
Investment Company, Net Assets [Roll Forward]
Beginning of period, Net Assets		43,644,788	[2]	24,597,524	[1]	24,597,524	[1]
Distributions to Shareholders
Return of capital distributions		(33,756)	[2]	(255,054)
Capital Transactions
Shares issued	[2]	9,997,904
Shares issued through reinvestment of distributions		618,630	[2]	111,987
Repurchase of common stock		(223,390)	[2]	(121,549)
Net (decrease)/increase from capital transactions		10,359,388	[2]	(264,616)
End of period, Net Assets		54,004,176	[2]	24,332,908		43,644,788	[2]
Distributable Earnings (Loss)
Investment Company, Net Assets [Roll Forward]
Beginning of period, Net Assets		(12,387,890)		(9,906,072)	[1]	(9,906,072)	[1]
Net increase in net assets resulting from operations
Net investment income		634,326		(222,368)
Net realized (losses) on investments		(726,757)		(215,195)
Net realized (losses) on extinguishment of debt				(66,844)
Net change in unrealized gains (losses) on investments		350,894		(818,013)
Distributions to Shareholders
Distributions from earnings		(797,408)
Capital Transactions
Net (decrease)/increase from capital transactions		(538,945)		(1,322,420)
End of period, Net Assets		$ (12,926,835)		$ (11,228,492)		$ (12,387,890)
[1] (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.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (Parenthetical)	Jun. 30, 2024 shares
Common stock, shares outstanding (in shares)	6,661,373
Common Class S
Common stock, shares outstanding (in shares)	0
Common Class D
Common stock, shares outstanding (in shares)	0
Common Class I
Common stock, shares outstanding (in shares)	0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net increase/(decrease) in net assets resulting from operations	$ 258,463	$ (1,322,420)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of investments	(32,865,621)	0
Repayments and sales of portfolio investments	7,712,639	3,641,054
Net realized losses on investments	726,757	215,195
Net Reductions to Subordinated Structured Notes and related investment cost	171,973	167,969
Amortization of offering costs	135,527	0
Net change in unrealized (gains)/losses on investments	(350,894)	818,013
Amortization of deferred financing costs	104,481	170,443
Payment-in-kind interest	(69,280)	(21,994)
Amortization of premiums (accretion of purchase discounts) on investments, net	(81,737)	4,244
Settlement of Treasury Bills	(111)	(13)
Net realized losses on extinguishment of debt	0	66,844
(Increase) Decrease in operating assets
Interest receivable	(641,160)	28,442
Receivable for repayments of portfolio investments	(127,706)	7,554
Prepaid expenses and other assets	31,910	32,190
Receivable for investments sold	0	200,655
Increase (Decrease) in operating liabilities
Payable for open trades	7,955,519	(3,771)
Due to Administrator (Note 5)	155,000	218,750
Interest payable	(108,992)	(68,597)
Accrued expenses	(69,165)	2,547
Accrued legal fees	(51,679)	105,254
Accrued audit fees	20,498	(63,634)
Net cash provided by/(used in) operating activities	(17,093,578)	4,198,725
Cash flows from financing activities:
Gross proceeds from shares sold	10,000,000	0
Distributions paid to stockholders	(124,415)	(142,633)
Repurchase of common stock	(223,438)	(121,569)
Borrowings under Senior Secured Revolving Credit Facility (Note 10)	29,300,000	6,200,000
Repayments under Senior Secured Revolving Credit Facility (Note 10)	(17,500,000)	0
Repayments under Credit Facility (Note 10)	0	(8,600,000)
Financing costs paid and deferred	(19,201)	(884,762)
Net cash provided by/(used in) financing activities	21,432,946	(3,548,964)
Net increase in cash, cash equivalents and restricted cash	4,339,368	649,761
Cash, cash equivalents and restricted cash at beginning of period	15,406,421	5,792,556
Cash, cash equivalents and restricted cash at end of period	19,745,789	6,442,317
Supplemental disclosures:
Cash paid for interest	808,899	188,366
Non-cash financing activities:
Value of shares issued through reinvestment of distributions	$ 618,760	$ 112,005

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023
Statement of Financial Position [Abstract]
Cash and cash equivalents	$ 19,745,789	$ 15,406,421	$ 6,442,317	$ 5,730,723
Restricted cash	0	0	0	61,833
Cash, cash equivalents and restricted cash	$ 19,745,789	$ 15,406,421	$ 6,442,317	$ 5,792,556

CONSOLIDATED SCHEDULES OF INVES

CONSOLIDATED SCHEDULES OF INVESTMENTS - USD ($)		Sep. 30, 2024		Jun. 30, 2024
Schedule of Investments [Line Items]
Amortized Cost		$ 86,953,269	[1]	$ 62,547,890	[2]
Fair Value		$ 84,211,283	[3]	$ 59,455,010	[4]
% of Net Assets		204.96%		190.18%
Senior Secured Loans-First Lien
Schedule of Investments [Line Items]
Amortized Cost		$ 80,296,521	[1],[5],[6]	$ 55,535,790	[2],[7],[8]
Fair Value		$ 79,012,737	[3],[5],[6]	$ 54,095,336	[4],[7],[8]
% of Net Assets		192.31%	[5],[6]	173.03%	[7],[8]
Senior Secured Loans-Second Lien
Schedule of Investments [Line Items]
Amortized Cost		$ 1,811,837	[1],[5],[6],[9],[10]	$ 1,800,331	[2],[7],[8],[11],[12]
Fair Value		$ 1,594,778	[3],[5],[6],[9],[10]	$ 1,559,701	[4],[7],[8],[11],[12]
% of Net Assets		3.88%	[5],[6],[9],[10]	4.99%	[7],[8],[11],[12]
Subordinate Structured Notes
Schedule of Investments [Line Items]
Amortized Cost		$ 2,794,706	[1],[5],[6],[9],[13],[14]	$ 3,443,826	[2],[7],[8],[11],[15],[16]
Fair Value		$ 2,551,477	[3],[5],[6],[9],[13],[14]	$ 2,956,672	[4],[7],[8],[11],[15],[16]
% of Net Assets		6.21%	[5],[6],[9],[13],[14]	9.46%	[7],[8],[11],[15],[16]
Common Equity
Schedule of Investments [Line Items]
Amortized Cost		$ 2,000,205	[1],[5],[6],[9],[13],[17]	$ 1,717,943	[2],[7],[8],[11],[15],[18]
Fair Value		$ 952,222	[3],[5],[6],[9],[13],[17]	$ 743,301	[4],[7],[8],[11],[15],[18]
% of Net Assets		2.32%	[5],[6],[9],[13],[17]	2.38%	[7],[8],[11],[15],[18]
Preferred Equity
Schedule of Investments [Line Items]
Amortized Cost		$ 50,000	[1],[5],[6],[9],[13],[17],[19]	$ 50,000	[2],[7],[8],[11],[15],[18],[20]
Fair Value		$ 100,069	[3],[5],[6],[9],[13],[17],[19]	$ 100,000	[4],[7],[8],[11],[15],[18],[20]
% of Net Assets		0.24%	[5],[6],[9],[13],[17],[19]	0.32%	[7],[8],[11],[15],[18],[20]
Investment, Identifier [Axis]: Aventiv Technologies, LLC - First Lien Term Loan
Schedule of Investments [Line Items]
Investment, Interest Rate, Paid in Kind		4.09%		4.09%
Investment, Identifier [Axis]: CareerBuilder, LLC - First Lien Term Loan
Schedule of Investments [Line Items]
Investment, Interest Rate, Paid in Kind	[21]	4.25%		4.25%
Investment, Identifier [Axis]: Common Equity, Other - ACON IWP Investors I, L.L.C.
Schedule of Investments [Line Items]
Principal Value		$ 472,357	[5],[6],[9],[13],[17]	$ 472,357	[7],[8],[11],[15],[18]
Amortized Cost		472,357	[1],[5],[6],[9],[13],[17]	472,357	[2],[7],[8],[11],[15],[18]
Fair Value		$ 607,500	[3],[5],[6],[9],[13],[17]	$ 659,500	[4],[7],[8],[11],[15],[18]
% of Net Assets		1.48%	[5],[6],[9],[13],[17]	2.11%	[7],[8],[11],[15],[18]
Investment, Identifier [Axis]: Common Equity, Other - FullBeauty Brands Holding, Common Stock
Schedule of Investments [Line Items]
Principal Value		$ 72	[5],[6],[9],[13],[17]	$ 72	[7],[8],[11],[15],[18]
Amortized Cost		198,026	[1],[5],[6],[9],[13],[17]	198,026	[2],[7],[8],[11],[15],[18]
Fair Value		$ 6,264	[3],[5],[6],[9],[13],[17]	$ 6,469	[4],[7],[8],[11],[15],[18]
% of Net Assets		0.02%	[5],[6],[9],[13],[17]	0.02%	[7],[8],[11],[15],[18]
Investment, Identifier [Axis]: Common Equity, Other - Research Now Group, LLC & Dynata, LLC (Common Stock of New Insight Holdings, Inc)
Schedule of Investments [Line Items]
Principal Value	[5],[6],[9],[13],[17]	$ 17,876
Amortized Cost	[1],[5],[6],[9],[13],[17]	282,262
Fair Value	[3],[5],[6],[9],[13],[17]	$ 282,262
% of Net Assets	[5],[6],[9],[13],[17]	0.69%
Investment, Identifier [Axis]: Common Equity, Other - Rising Tide Holdings, Inc., Common Stock
Schedule of Investments [Line Items]
Principal Value		$ 2,500	[5],[6],[9],[13],[17]	$ 2,500	[7],[8],[11],[15],[18]
Amortized Cost		997,560	[1],[5],[6],[9],[13],[17]	997,560	[2],[7],[8],[11],[15],[18]
Fair Value		$ 325	[3],[5],[6],[9],[13],[17]	$ 28,375	[4],[7],[8],[11],[15],[18]
% of Net Assets		0%	[5],[6],[9],[13],[17]	0.09%	[7],[8],[11],[15],[18]
Investment, Identifier [Axis]: Common Equity, Other - iQOR Holdings, Inc. (Bloom Aggregator, LP)
Schedule of Investments [Line Items]
Principal Value		$ 50	[5],[6],[9],[13],[17]	$ 50	[7],[8],[11],[15],[18]
Amortized Cost		50,000	[1],[5],[6],[9],[13],[17]	50,000	[2],[7],[8],[11],[15],[18]
Fair Value		$ 55,871	[3],[5],[6],[9],[13],[17]	$ 48,957	[4],[7],[8],[11],[15],[18]
% of Net Assets		0.14%	[5],[6],[9],[13],[17]	0.16%	[7],[8],[11],[15],[18]
Investment, Identifier [Axis]: Discovery MSO HoldCo LLC
Schedule of Investments [Line Items]
Investment, Interest Rate, Paid in Kind		8%
Investment, Identifier [Axis]: Druid City Infusion, LLC - Convertible
Schedule of Investments [Line Items]
Investment, Interest Rate, Paid in Kind		2%
Investment, Identifier [Axis]: Preferred Equity - Discovery MSO HoldCo LLC
Schedule of Investments [Line Items]
Investment, Interest Rate, Paid in Kind	[5],[6],[9],[10],[13],[17],[22]	8%
Principal Value		$ 49	[5],[6],[9],[10],[13],[17],[19]	$ 48	[7],[8],[11],[15],[18],[20]
Amortized Cost		50,000	[1],[5],[6],[9],[10],[13],[17],[19]	50,000	[2],[7],[8],[11],[15],[18],[20]
Fair Value		$ 100,069	[3],[5],[6],[9],[10],[13],[17],[19]	$ 100,000	[4],[7],[8],[11],[15],[18],[20]
% of Net Assets		0.24%	[5],[6],[9],[10],[13],[17],[19]	0.32%	[7],[8],[11],[15],[18],[20]
Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies, LLC - Second Out Super Priority First Lien Term Loan
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[9],[22],[23]	7.50%
Investment interest rate	[5],[6],[9],[22],[23]	12.37%
Floor	[5],[6],[9],[23]	1%
Principal Value	[5],[6],[9],[23]	$ 77,635
Amortized Cost	[1],[5],[6],[9],[23]	78,649
Fair Value	[3],[5],[6],[9],[23]	$ 77,635
% of Net Assets	[5],[6],[9],[23]	0.19%
Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies, LLC - Third Out Super Priority First Lien Term Loan
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[9],[10],[22],[23],[24]	1%
Investment interest rate	[5],[6],[9],[10],[22],[23],[24]	5.87%
Investment, Interest Rate, Paid in Kind	[5],[6],[9],[10],[22],[23],[24]	4.09%
Floor	[5],[6],[9],[10],[23],[24]	1%
Principal Value	[5],[6],[9],[10],[23],[24]	$ 2,997,902
Amortized Cost	[1],[5],[6],[9],[10],[23],[24]	2,763,452
Fair Value	[3],[5],[6],[9],[10],[23],[24]	$ 2,624,063
% of Net Assets	[5],[6],[9],[10],[23],[24]	6.39%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Amneal Pharmaceuticals LLC
Schedule of Investments [Line Items]
Basis spread rate		5.50%	[5],[6],[22],[25]	5.50%	[7],[8],[26],[27]
Investment interest rate		10.35%	[5],[6],[22],[25]	10.84%	[7],[8],[26],[27]
Floor		0%	[5],[6],[25]	0%	[7],[8],[26]
Principal Value		$ 2,962,264	[5],[6],[25]	$ 2,981,132	[7],[8],[26]
Amortized Cost		2,950,777	[1],[5],[6],[25]	2,975,183	[2],[7],[8],[26]
Fair Value		$ 2,962,264	[3],[5],[6],[25]	$ 3,004,087	[4],[7],[8],[26]
% of Net Assets		7.21%	[5],[6],[25]	9.61%	[7],[8],[26]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[11],[12],[27],[28],[29]			1%
Investment interest rate	[7],[8],[11],[12],[27],[28],[29]			6.60%
Investment, Interest Rate, Paid in Kind	[7],[8],[11],[12],[27],[28],[29]			4.09%
Floor	[7],[8],[11],[12],[28],[29]			1%
Principal Value	[7],[8],[11],[12],[28],[29]			$ 2,965,507
Amortized Cost	[2],[7],[8],[11],[12],[28],[29]			2,677,559
Fair Value	[4],[7],[8],[11],[12],[28],[29]			$ 2,440,316
% of Net Assets	[7],[8],[11],[12],[28],[29]			7.81%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC 1
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[11],[12],[27],[28],[29]			7.50%
Investment interest rate	[7],[8],[11],[12],[27],[28],[29]			13.10%
Floor	[7],[8],[11],[12],[28],[29]			1%
Principal Value	[7],[8],[11],[12],[28],[29]			$ 175,362
Amortized Cost	[2],[7],[8],[11],[12],[28],[29]			175,373
Fair Value	[4],[7],[8],[11],[12],[28],[29]			$ 175,362
% of Net Assets	[7],[8],[11],[12],[28],[29]			0.56%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, BCPE North Star US Holdco 2, Inc.
Schedule of Investments [Line Items]
Basis spread rate		4%	[5],[6],[22],[24],[25]	4%	[7],[8],[26],[27],[28]
Investment interest rate		8.96%	[5],[6],[22],[24],[25]	9.34%	[7],[8],[26],[27],[28]
Floor		0.75%	[5],[6],[24],[25]	0.75%	[7],[8],[26],[28]
Principal Value		$ 5,048,392	[5],[6],[24],[25]	$ 2,957,453	[7],[8],[26],[28]
Amortized Cost		4,855,361	[1],[5],[6],[24],[25]	2,889,240	[2],[7],[8],[26],[28]
Fair Value		$ 4,789,914	[3],[5],[6],[24],[25]	$ 2,876,123	[4],[7],[8],[26],[28]
% of Net Assets		11.66%	[5],[6],[24],[25]	9.20%	[7],[8],[26],[28]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Burgess Point Purchaser Corporation
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[22],[25]	5.35%
Investment interest rate	[5],[6],[22],[25]	10.20%
Floor	[5],[6],[25]	0.50%
Principal Value	[5],[6],[25]	$ 2,992,386
Amortized Cost	[1],[5],[6],[25]	2,837,038
Fair Value	[3],[5],[6],[25]	$ 2,836,183
% of Net Assets	[5],[6],[25]	6.90%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, CareerBuilder, LLC
Schedule of Investments [Line Items]
Basis spread rate		2.50%	[5],[6],[9],[10],[22],[24]	2.50%	[7],[8],[11],[12],[27],[28]
Investment interest rate		7.46%	[5],[6],[9],[10],[22],[24]	6.75%	[7],[8],[11],[12],[27],[28]
Investment, Interest Rate, Paid in Kind		4.25%	[5],[6],[9],[10],[22],[24]	4.25%	[7],[8],[11],[12],[27],[28]
Floor		1%	[5],[6],[9],[10],[24]	1%	[7],[8],[11],[12],[28]
Principal Value		$ 722,010	[5],[6],[9],[10],[24]	$ 714,056	[7],[8],[11],[12],[28]
Amortized Cost		712,210	[1],[5],[6],[9],[10],[24]	706,375	[2],[7],[8],[11],[12],[28]
Fair Value		$ 317,684	[3],[5],[6],[9],[10],[24]	$ 421,293	[4],[7],[8],[11],[12],[28]
% of Net Assets		0.77%	[5],[6],[9],[10],[24]	1.35%	[7],[8],[11],[12],[28]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, DRI Holding Inc
Schedule of Investments [Line Items]
Basis spread rate		5.25%	[5],[6],[9],[22],[24]	5.25%	[7],[8],[11],[27],[28]
Investment interest rate		10.20%	[5],[6],[9],[22],[24]	10.69%	[7],[8],[11],[27],[28]
Floor		0.50%	[5],[6],[9],[24]	0.50%	[7],[8],[11],[28]
Principal Value		$ 3,442,447	[5],[6],[9],[24]	$ 3,451,274	[7],[8],[11],[28]
Amortized Cost		3,322,276	[1],[5],[6],[9],[24]	3,343,548	[2],[7],[8],[11],[28]
Fair Value		$ 3,442,447	[3],[5],[6],[9],[24]	$ 3,451,274	[4],[7],[8],[11],[28]
% of Net Assets		8.38%	[5],[6],[9],[24]	11.04%	[7],[8],[11],[28]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, DTI Holdco, Inc.
Schedule of Investments [Line Items]
Basis spread rate		4.75%	[5],[6],[22],[24],[25]	4.75%	[7],[8],[26],[27],[28]
Investment interest rate		9.60%	[5],[6],[22],[24],[25]	10.09%	[7],[8],[26],[27],[28]
Floor		0.75%	[5],[6],[24],[25]	0.75%	[7],[8],[26],[28]
Principal Value		$ 3,713,572	[5],[6],[24],[25]	$ 2,723,046	[7],[8],[26],[28]
Amortized Cost		3,691,583	[1],[5],[6],[24],[25]	2,692,552	[2],[7],[8],[26],[28]
Fair Value		$ 3,713,572	[3],[5],[6],[24],[25]	$ 2,723,046	[4],[7],[8],[26],[28]
% of Net Assets		9.04%	[5],[6],[24],[25]	8.71%	[7],[8],[26],[28]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Discovery Point Retreat, LLC
Schedule of Investments [Line Items]
Basis spread rate		7.75%	[5],[6],[9],[22]	7.75%	[7],[8],[11],[27]
Investment interest rate		12.62%	[5],[6],[9],[22]	13.35%	[7],[8],[11],[27]
Floor		3.25%	[5],[6],[9]	3.25%	[7],[8],[11]
Principal Value		$ 3,985,000	[5],[6],[9]	$ 4,000,000	[7],[8],[11]
Amortized Cost		3,985,000	[1],[5],[6],[9]	3,997,482	[2],[7],[8],[11]
Fair Value		$ 3,969,857	[3],[5],[6],[9]	$ 3,913,600	[4],[7],[8],[11]
% of Net Assets		9.66%	[5],[6],[9]	12.52%	[7],[8],[11]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Druid City Infusion, LLC - First Lien Convertible Note to Druid City Intermediate, Inc.
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[9],[10],[22]	6%
Investment interest rate	[5],[6],[9],[10],[22]	2%
Floor	[5],[6],[9],[10]	0%
Principal Value	[5],[6],[9],[10]	$ 50,000
Amortized Cost	[1],[5],[6],[9],[10]	50,000
Fair Value	[3],[5],[6],[9],[10]	$ 99,000
% of Net Assets	[5],[6],[9],[10]	0.24%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Druid City Infusion, LLC - First Lien Term Loan
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[9],[22]	7.50%
Investment interest rate	[5],[6],[9],[22]	12.10%
Floor	[5],[6],[9]	3%
Principal Value	[5],[6],[9]	$ 5,000,000
Amortized Cost	[1],[5],[6],[9]	5,000,000
Fair Value	[3],[5],[6],[9]	$ 5,000,000
% of Net Assets	[5],[6],[9]	12.17%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Emerge Intermediate, Inc.
Schedule of Investments [Line Items]
Basis spread rate		6.25%	[5],[6],[9],[22]	6.25%	[7],[8],[11],[27]
Investment interest rate		11.31%	[5],[6],[9],[22]	11.60%	[7],[8],[11],[27]
Floor		1%	[5],[6],[9]	1%	[7],[8],[11]
Principal Value		$ 5,108,000	[5],[6],[9]	$ 5,120,833	[7],[8],[11]
Amortized Cost		5,108,000	[1],[5],[6],[9]	5,117,474	[2],[7],[8],[11]
Fair Value		$ 5,082,460	[3],[5],[6],[9]	$ 5,120,833	[4],[7],[8],[11]
% of Net Assets		12.37%	[5],[6],[9]	16.38%	[7],[8],[11]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, First Brands Group
Schedule of Investments [Line Items]
Basis spread rate		5%	[5],[6],[22],[25]	5%	[7],[8],[26],[27]
Investment interest rate		10.51%	[5],[6],[22],[25]	10.59%	[7],[8],[26],[27]
Floor		1%	[5],[6],[25]	1%	[7],[8],[26]
Principal Value		$ 1,984,576	[5],[6],[25]	$ 1,989,717	[7],[8],[26]
Amortized Cost		1,979,961	[1],[5],[6],[25]	1,990,153	[2],[7],[8],[26]
Fair Value		$ 1,969,295	[3],[5],[6],[25]	$ 1,980,167	[4],[7],[8],[26]
% of Net Assets		4.79%	[5],[6],[25]	6.33%	[7],[8],[26]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, First Brands Group 1
Schedule of Investments [Line Items]
Basis spread rate		5%	[5],[6],[22],[25]	5%	[7],[8],[26],[27]
Investment interest rate		10.51%	[5],[6],[22],[25]	10.59%	[7],[8],[26],[27]
Floor		1%	[5],[6],[25]	1%	[7],[8],[26]
Principal Value		$ 3,971,938	[5],[6],[25]	$ 3,981,292	[7],[8],[26]
Amortized Cost		3,933,601	[1],[5],[6],[25]	3,950,526	[2],[7],[8],[26]
Fair Value		$ 3,937,382	[3],[5],[6],[25]	$ 3,963,774	[4],[7],[8],[26]
% of Net Assets		9.58%	[5],[6],[25]	12.68%	[7],[8],[26]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Global Tel*Link Corporation (d/b/a ViaPath Technologies)
Schedule of Investments [Line Items]
Basis spread rate		7.50%	[5],[6],[9],[22]	4.25%	[7],[8],[26],[27],[28]
Investment interest rate		12.35%	[5],[6],[9],[22]	9.69%	[7],[8],[26],[27],[28]
Floor		3%	[5],[6],[9]	0%	[7],[8],[26],[28]
Principal Value		$ 5,000,000	[5],[6],[9]	$ 417,699	[7],[8],[26],[28]
Amortized Cost		4,811,198	[1],[5],[6],[9]	408,112	[2],[7],[8],[26],[28]
Fair Value		$ 4,871,000	[3],[5],[6],[9]	$ 415,861	[4],[7],[8],[26],[28]
% of Net Assets		11.86%	[5],[6],[9]	1.33%	[7],[8],[26],[28]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, MoneyGram International, Inc.
Schedule of Investments [Line Items]
Basis spread rate		4.75%	[5],[6],[22],[25]	4.75%	[7],[8],[26],[27]
Investment interest rate		9.68%	[5],[6],[22],[25]	10.08%	[7],[8],[26],[27]
Floor		0.50%	[5],[6],[25]	0.50%	[7],[8],[26]
Principal Value		$ 2,985,000	[5],[6],[25]	$ 2,992,500	[7],[8],[26]
Amortized Cost		2,959,951	[1],[5],[6],[25]	2,979,693	[2],[7],[8],[26]
Fair Value		$ 2,851,571	[3],[5],[6],[25]	$ 2,991,303	[4],[7],[8],[26]
% of Net Assets		6.94%	[5],[6],[25]	9.57%	[7],[8],[26]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, NH Kronos Buyer, Inc.
Schedule of Investments [Line Items]
Basis spread rate		6.25%	[5],[6],[9],[22]	6.25%	[7],[8],[11],[27]
Investment interest rate		11.20%	[5],[6],[9],[22]	11.73%	[7],[8],[11],[27]
Floor		1%	[5],[6],[9]	1%	[7],[8],[11]
Principal Value		$ 4,968,254	[5],[6],[9]	$ 4,984,127	[7],[8],[11]
Amortized Cost		4,903,525	[1],[5],[6],[9]	4,931,331	[2],[7],[8],[11]
Fair Value		$ 4,968,254	[3],[5],[6],[9]	$ 4,984,127	[4],[7],[8],[11]
% of Net Assets		12.09%	[5],[6],[9]	15.94%	[7],[8],[11]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, NSM Top Holdings Corp.
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[9],[22]	5.35%
Investment interest rate	[5],[6],[9],[22]	10.72%
Floor	[5],[6],[9]	0%
Principal Value	[5],[6],[9]	$ 3,000,000
Amortized Cost	[1],[5],[6],[9]	2,975,447
Fair Value	[3],[5],[6],[9]	$ 3,000,000
% of Net Assets	[5],[6],[9]	7.30%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, PlayPower, Inc.-First Lien Revolving Line of Credit - Commitment
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[9],[22],[30]	5.25%
Investment interest rate	[5],[6],[9],[22],[30]	9.85%
Floor	[5],[6],[9],[30]	0.75%
Principal Value	[5],[6],[9],[30]	$ 0
Amortized Cost	[1],[5],[6],[9],[30]	0
Fair Value	[3],[5],[6],[9],[30]	$ 0
% of Net Assets	[5],[6],[9],[30]	0%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Playpower, Inc.
Schedule of Investments [Line Items]
Basis spread rate		5.25%	[5],[6],[9],[22]	5.50%	[7],[8],[11],[27],[28]
Investment interest rate		9.85%	[5],[6],[9],[22]	10.96%	[7],[8],[11],[27],[28]
Floor		0.75%	[5],[6],[9]	0%	[7],[8],[11],[28]
Principal Value		$ 4,343,434	[5],[6],[9]	$ 4,966,680	[7],[8],[11],[28]
Amortized Cost		4,263,638	[1],[5],[6],[9]	4,813,157	[2],[7],[8],[11],[28]
Fair Value		$ 4,272,636	[3],[5],[6],[9]	$ 4,806,257	[4],[7],[8],[11],[28]
% of Net Assets		10.40%	[5],[6],[9]	15.37%	[7],[8],[11],[28]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group and Dynata LLC
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[11],[27],[31]			7.50%
Investment interest rate	[7],[8],[11],[27],[31]			13.09%
Floor	[7],[8],[11],[31]			1%
Principal Value	[7],[8],[11],[31]			$ 1,909,853
Amortized Cost	[2],[7],[8],[11],[31]			1,904,479
Fair Value	[4],[7],[8],[11],[31]			$ 1,504,009
% of Net Assets	[7],[8],[11],[31]			4.81%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group and Dynata LLC 1
Schedule of Investments [Line Items]
Basis spread rate	[7],[8],[11],[27]			8.75%
Investment interest rate	[7],[8],[11],[27]			14.21%
Floor	[7],[8],[11]			1%
Principal Value	[7],[8],[11]			$ 59,150
Amortized Cost	[2],[7],[8],[11]			57,826
Fair Value	[4],[7],[8],[11]			$ 59,091
% of Net Assets	[7],[8],[11]			0.19%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group, LLC & Dynata, LLC- First Lien First Out Term Loan
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[9],[22],[24]	5.50%
Investment interest rate	[5],[6],[9],[22],[24]	10.88%
Floor	[5],[6],[9],[24]	1%
Principal Value	[5],[6],[9],[24]	$ 1,299,920
Amortized Cost	[1],[5],[6],[9],[24]	1,298,045
Fair Value	[3],[5],[6],[9],[24]	$ 1,172,917
% of Net Assets	[5],[6],[9],[24]	2.85%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group, LLC & Dynata, LLC- First Lien Second Out Term Loan
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[9],[22]	5%
Investment interest rate	[5],[6],[9],[22]	10.38%
Floor	[5],[6],[9]	1%
Principal Value	[5],[6],[9]	$ 2,977,400
Amortized Cost	[1],[5],[6],[9]	2,956,577
Fair Value	[3],[5],[6],[9]	$ 2,941,373
% of Net Assets	[5],[6],[9]	7.16%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, S&S Holdings LLC
Schedule of Investments [Line Items]
Basis spread rate	[5],[6],[22],[25]	5%
Investment interest rate	[5],[6],[22],[25]	10.06%
Floor	[5],[6],[25]	0.50%
Principal Value	[5],[6],[25]	$ 2,992,248
Amortized Cost	[1],[5],[6],[25]	2,993,118
Fair Value	[3],[5],[6],[25]	$ 2,983,571
% of Net Assets	[5],[6],[25]	7.26%
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, WatchGuard Technologies, Inc.
Schedule of Investments [Line Items]
Basis spread rate		5.25%	[5],[6],[9],[22],[24]	5.25%	[7],[8],[11],[27],[28]
Investment interest rate		10.10%	[5],[6],[9],[22],[24]	10.59%	[7],[8],[11],[27],[28]
Floor		0.75%	[5],[6],[9],[24]	0.75%	[7],[8],[11],[28]
Principal Value		$ 4,977,164	[5],[6],[9],[24]	$ 2,989,861	[7],[8],[11],[28]
Amortized Cost		4,928,849	[1],[5],[6],[9],[24]	2,952,217	[2],[7],[8],[11],[28]
Fair Value		$ 4,967,209	[3],[5],[6],[9],[24]	$ 2,985,077	[4],[7],[8],[11],[28]
% of Net Assets		12.09%	[5],[6],[9],[24]	9.55%	[7],[8],[11],[28]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Wellpath Holdings, Inc.
Schedule of Investments [Line Items]
Basis spread rate		5.50%	[5],[6],[9],[22],[24],[32]	5.50%	[7],[8],[11],[27],[28]
Investment interest rate		10.86%	[5],[6],[9],[22],[24],[32]	11.11%	[7],[8],[11],[27],[28]
Floor		0%	[5],[6],[9],[24],[32]	0%	[7],[8],[11],[28]
Principal Value		$ 1,986,228	[5],[6],[9],[24],[32]	$ 1,991,497	[7],[8],[11],[28]
Amortized Cost		1,969,515	[1],[5],[6],[9],[24],[32]	1,974,783	[2],[7],[8],[11],[28]
Fair Value		$ 1,231,462	[3],[5],[6],[9],[24],[32]	$ 1,279,736	[4],[7],[8],[11],[28]
% of Net Assets		3%	[5],[6],[9],[24],[32]	4.09%	[7],[8],[11],[28]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, iQOR Holdings, Inc.
Schedule of Investments [Line Items]
Basis spread rate		7.50%	[5],[6],[9],[22]	7.50%	[7],[8],[11],[27]
Investment interest rate		12.37%	[5],[6],[9],[22]	13.09%	[7],[8],[11],[27]
Floor		2.50%	[5],[6],[9]	2.50%	[7],[8],[11]
Principal Value		$ 4,968,750	[5],[6],[9]	$ 5,000,000	[7],[8],[11]
Amortized Cost		4,968,750	[1],[5],[6],[9]	4,998,727	[2],[7],[8],[11]
Fair Value		$ 4,930,988	[3],[5],[6],[9]	$ 5,000,000	[4],[7],[8],[11]
% of Net Assets		12%	[5],[6],[9]	15.99%	[7],[8],[11]
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance, LLC
Schedule of Investments [Line Items]
Basis spread rate		1%	[5],[6],[9],[10],[22]	1%	[7],[8],[11],[12],[27]
Investment interest rate		5.60%	[5],[6],[9],[10],[22]	6.35%	[7],[8],[11],[12],[27]
Investment, Interest Rate, Paid in Kind		4%	[5],[6],[9],[10],[22]	4%	[7],[8],[11],[12],[27]
Floor		1%	[5],[6],[9],[10]	1%	[7],[8],[11],[12]
Principal Value		$ 1,841,757	[5],[6],[9],[10]	$ 1,822,720	[7],[8],[11],[12]
Amortized Cost		1,811,837	[1],[5],[6],[9],[10]	1,800,331	[2],[7],[8],[11],[12]
Fair Value		$ 1,594,778	[3],[5],[6],[9],[10]	$ 1,559,701	[4],[7],[8],[11],[12]
% of Net Assets		3.88%	[5],[6],[9],[10]	4.99%	[7],[8],[11],[12]
Investment, Identifier [Axis]: Shutterfly Finance, LLC - Second Lien Term Loan
Schedule of Investments [Line Items]
Investment, Interest Rate, Paid in Kind		4%		4%
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXIV
Schedule of Investments [Line Items]
Investment interest rate		7.95%	[5],[6],[9],[13],[14],[22]	17.14%	[7],[8],[11],[15],[16],[27]
Principal Value		$ 250,000	[5],[6],[9],[13],[14]	$ 250,000	[7],[8],[11],[15],[16]
Amortized Cost		147,494	[1],[5],[6],[9],[13],[14]	154,682	[2],[7],[8],[11],[15],[16]
Fair Value		$ 142,150	[3],[5],[6],[9],[13],[14]	$ 146,300	[4],[7],[8],[11],[15],[16]
% of Net Assets		0.35%	[5],[6],[9],[13],[14]	0.47%	[7],[8],[11],[15],[16]
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXVI
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		117,412	[1],[5],[6],[9],[13],[14],[33]	144,189	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 103,250	[3],[5],[6],[9],[13],[14],[33]	$ 115,900	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.25%	[5],[6],[9],[13],[14],[33]	0.37%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, California CLO IX, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		16.76%	[5],[6],[9],[13],[14],[22]	18.68%	[7],[8],[11],[15],[16],[27]
Principal Value		$ 500,000	[5],[6],[9],[13],[14]	$ 500,000	[7],[8],[11],[15],[16]
Amortized Cost		236,810	[1],[5],[6],[9],[13],[14]	245,264	[2],[7],[8],[11],[15],[16]
Fair Value		$ 241,200	[3],[5],[6],[9],[13],[14]	$ 241,200	[4],[7],[8],[11],[15],[16]
% of Net Assets		0.59%	[5],[6],[9],[13],[14]	0.77%	[7],[8],[11],[15],[16]
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2014-4-R, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		96,236	[1],[5],[6],[9],[13],[14],[33]	127,852	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 87,425	[3],[5],[6],[9],[13],[14],[33]	$ 116,350	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.21%	[5],[6],[9],[13],[14],[33]	0.37%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2017-5, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 500,000	[5],[6],[9],[13],[14],[33]	$ 500,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		245,327	[1],[5],[6],[9],[13],[14],[33]	299,146	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 219,450	[3],[5],[6],[9],[13],[14],[33]	$ 265,500	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.53%	[5],[6],[9],[13],[14],[33]	0.85%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Galaxy XIX CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		57,817	[1],[5],[6],[9],[13],[14],[33]	84,976	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 51,825	[3],[5],[6],[9],[13],[14],[33]	$ 75,300	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.13%	[5],[6],[9],[13],[14],[33]	0.24%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, GoldenTree Loan Opportunities IX, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		0	[1],[5],[6],[9],[13],[14],[33]	0	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 0	[3],[5],[6],[9],[13],[14],[33]	$ 0	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0%	[5],[6],[9],[13],[14],[33]	0%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		0	[1],[5],[6],[9],[13],[14],[33]	26,231	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 0	[3],[5],[6],[9],[13],[14],[33]	$ 24,375	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0%	[5],[6],[9],[13],[14],[33]	0.08%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	3.52%	[7],[8],[11],[15],[16],[27]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16]
Amortized Cost		149,257	[1],[5],[6],[9],[13],[14],[33]	172,319	[2],[7],[8],[11],[15],[16]
Fair Value		$ 134,075	[3],[5],[6],[9],[13],[14],[33]	$ 139,250	[4],[7],[8],[11],[15],[16]
% of Net Assets		0.33%	[5],[6],[9],[13],[14],[33]	0.45%	[7],[8],[11],[15],[16]
Investment, Identifier [Axis]: Structured Subordinated Notes, OZLM XII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 275,000	[5],[6],[9],[13],[14],[33]	$ 275,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		0	[1],[5],[6],[9],[13],[14],[33]	0	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 0	[3],[5],[6],[9],[13],[14],[33]	$ 0	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0%	[5],[6],[9],[13],[14],[33]	0%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 30, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 475,000	[5],[6],[9],[13],[14],[33]	$ 475,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		164,365	[1],[5],[6],[9],[13],[14],[33]	187,914	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 146,300	[3],[5],[6],[9],[13],[14],[33]	$ 165,253	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.36%	[5],[6],[9],[13],[14],[33]	0.53%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 31, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		76,229	[1],[5],[6],[9],[13],[14],[33]	88,762	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 68,725	[3],[5],[6],[9],[13],[14],[33]	$ 79,800	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.17%	[5],[6],[9],[13],[14],[33]	0.26%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 36, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 500,000	[5],[6],[9],[13],[14],[33]	$ 500,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		244,514	[1],[5],[6],[9],[13],[14],[33]	299,532	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 222,800	[3],[5],[6],[9],[13],[14],[33]	$ 247,150	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.54%	[5],[6],[9],[13],[14],[33]	0.79%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 39, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	3.49%	[7],[8],[11],[15],[16],[27]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16]
Amortized Cost		170,114	[1],[5],[6],[9],[13],[14],[33]	192,728	[2],[7],[8],[11],[15],[16]
Fair Value		$ 152,550	[3],[5],[6],[9],[13],[14],[33]	$ 169,775	[4],[7],[8],[11],[15],[16]
% of Net Assets		0.37%	[5],[6],[9],[13],[14],[33]	0.54%	[7],[8],[11],[15],[16]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XIV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 850,000	[5],[6],[9],[13],[14],[33]	$ 850,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		0	[1],[5],[6],[9],[13],[14],[33]	19,839	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 0	[3],[5],[6],[9],[13],[14],[33]	$ 17,170	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0%	[5],[6],[9],[13],[14],[33]	0.05%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XV, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 500,000	[5],[6],[9],[13],[14],[33]	$ 500,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		172,228	[1],[5],[6],[9],[13],[14],[33]	200,197	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 155,450	[3],[5],[6],[9],[13],[14],[33]	$ 174,450	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.38%	[5],[6],[9],[13],[14],[33]	0.56%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XXI,Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[24]	2.86%	[7],[8],[11],[15],[16],[27],[28]
Principal Value		$ 387,538	[5],[6],[9],[13],[14],[24]	$ 387,538	[7],[8],[11],[15],[16],[28]
Amortized Cost		181,917	[1],[5],[6],[9],[13],[14],[24]	212,222	[2],[7],[8],[11],[15],[16],[28]
Fair Value		$ 157,612	[3],[5],[6],[9],[13],[14],[24]	$ 162,417	[4],[7],[8],[11],[15],[16],[28]
% of Net Assets		0.38%	[5],[6],[9],[13],[14],[24]	0.52%	[7],[8],[11],[15],[16],[28]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO II, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 1,500,000	[5],[6],[9],[13],[14],[33]	$ 1,500,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		247,675	[1],[5],[6],[9],[13],[14],[33]	384,730	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 229,500	[3],[5],[6],[9],[13],[14],[33]	$ 304,950	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.56%	[5],[6],[9],[13],[14],[33]	0.98%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO VII-R, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 150,000	[5],[6],[9],[13],[14],[33]	$ 150,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		32,440	[1],[5],[6],[9],[13],[14],[33]	40,750	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 28,696	[3],[5],[6],[9],[13],[14],[33]	$ 33,855	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.07%	[5],[6],[9],[13],[14],[33]	0.11%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO XVIII, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		87,415	[1],[5],[6],[9],[13],[14],[33]	108,094	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 79,500	[3],[5],[6],[9],[13],[14],[33]	$ 93,775	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.19%	[5],[6],[9],[13],[14],[33]	0.30%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, THL Credit Wind River 2013-1 CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 325,000	[5],[6],[9],[13],[14],[33]	$ 325,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		40,994	[1],[5],[6],[9],[13],[14],[33]	53,943	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 35,945	[3],[5],[6],[9],[13],[14],[33]	$ 47,190	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.09%	[5],[6],[9],[13],[14],[33]	0.15%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Venture XXXIV CLO, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		157,606	[1],[5],[6],[9],[13],[14],[33]	185,875	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 142,650	[3],[5],[6],[9],[13],[14],[33]	$ 152,525	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.35%	[5],[6],[9],[13],[14],[33]	0.49%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya CLO 2016-1, Ltd.
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[33]	0%	[7],[8],[11],[15],[16],[27],[34]
Principal Value		$ 250,000	[5],[6],[9],[13],[14],[33]	$ 250,000	[7],[8],[11],[15],[16],[34]
Amortized Cost		98,412	[1],[5],[6],[9],[13],[14],[33]	127,801	[2],[7],[8],[11],[15],[16],[34]
Fair Value		$ 88,975	[3],[5],[6],[9],[13],[14],[33]	$ 111,325	[4],[7],[8],[11],[15],[16],[34]
% of Net Assets		0.22%	[5],[6],[9],[13],[14],[33]	0.36%	[7],[8],[11],[15],[16],[34]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya IM CLO 2013-1, Ltd
Schedule of Investments [Line Items]
Investment interest rate		0%	[5],[6],[9],[13],[14],[22],[24],[33]	0%	[7],[8],[11],[15],[16],[27],[28],[34]
Principal Value		$ 278,312	[5],[6],[9],[13],[14],[24],[33]	$ 278,312	[7],[8],[11],[15],[16],[28],[34]
Amortized Cost		70,444	[1],[5],[6],[9],[13],[14],[24],[33]	86,780	[2],[7],[8],[11],[15],[16],[28],[34]
Fair Value		$ 63,399	[3],[5],[6],[9],[13],[14],[24],[33]	$ 72,862	[4],[7],[8],[11],[15],[16],[28],[34]
% of Net Assets		0.15%	[5],[6],[9],[13],[14],[24],[33]	0.23%	[7],[8],[11],[15],[16],[28],[34]
[1]See Note 6 for a discussion of the tax cost of the portfolio.[2]See Note 6 for a discussion of the tax cost of the portfolio.[3]Fair value is determined by the Company’s Board of Directors (see Note 2).[4]Fair value is determined by the Company’s Board of Directors (see Note 2).[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 September 30, 2024 was $84,211,283, 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]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 June 30, 2024 was $59,455,010, representing 100% of our total investments.[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]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.[10]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 three months ended September 30, 2024. Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Aventiv Technologies, LLC - First Lien Term Loan 4.09 % — % 4.09 % CareerBuilder, LLC - First Lien Term Loan 4.25 % — % 4.25 % (A) Druid City Infusion, LLC - Convertible 2.00 % — % 2.00 % Shutterfly Finance, LLC - Second Lien Term Loan 4.00 % — % 4.00 % Discovery MSO HoldCo LLC 8.00 % — % 8.00 % (A) On June 28, 2024, the CareerBuilder, LLC First Lien Loan was amended to allow for a portion of interest accruing in cash to be payable in kind. Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Aventiv Technologies, LLC - First Lien Term Loan 4.09 % — % 4.09 % CareerBuilder, LLC - First Lien Term Loan 4.25 % — % 4.25 % (A) Shutterfly Finance, LLC - Second Lien Term Loan 4.00 % — % 4.00 % flow taking into account assumptions which have been made regarding expected prepayments, losses and future reinvestment rates. These assumptions are periodically reviewed and adjusted. Ultimately, the actual yield may be higher or lower than the estimated yield if actual results differ from those used for the assumptions. 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 Senior Secured Loans-First Lien 8/2/2019, 3/4/2024, 4/2/2024, 6/28/2024 $ 1,779,308 BCPE North Star US Holdco 2, Inc Senior Secured Loans-First Lien 6/10/2024, 7/1/2024, 7/11/2024 4,048,942 CareerBuilder, LLC Senior Secured Loans-First Lien 6/5/2020 690,000 DRI Holding, Inc. Senior Secured Loans-First Lien 5/16/2024 2,415,300 DTI Holdco, Inc. Senior Secured Loans-First Lien 2/8/2024, 7/17/24 5,000,000 Emerge Intermediate, Inc. Senior Secured Loans-First Lien 6/14/2024 131,333 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 Research Now Group, LLC & Dynata, LLC- First Lien Second Out Term Loan Senior Secured Loans-First Lien 8/12/2024 2,925,712 Voya IM CLO 2013-1, Ltd. Structured Subordinated Notes 10/17/2017, 7/1/2019 20,584 WatchGuard Technologies, Inc. Senior Secured Loans-First Lien 6/26/2024, 7/17/2024 3,994,924 Wellpath Holdings, Inc. Senior Secured Loans-First Lien 4/10/2019, 7/25/2019 1,327,000 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 Senior Secured Loans-First Lien 8/2/2019, 3/4/2024, 4/2/2024, 6/28/2024 $ 1,779,308 BCPE North Star US Holdco 2, Inc Senior Secured Loans-First Lien 6/10/2024 1,945,000 CareerBuilder, LLC Senior Secured Loans-First Lien 6/5/2020 690,000 DRI Holding, Inc. Senior Secured Loans-First Lien 5/16/2024 2,415,300 DTI Holdco, Inc. Senior Secured Loans-First Lien 2/8/2024 2,000,000 Emerge Intermediate, Inc. Senior Secured Loans-First Lien 6/14/2024 131,333 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 PlayPower, Inc. Senior Secured Loans-First Lien 2/29/2024, 3/1/2024, 5/6/2024 3,565,351 Global Tel*Link Corporation (d/b/a ViaPath Technologies) 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 WatchGuard Technologies, Inc. Senior Secured Loans-First Lien 6/26/2024 1,994,924 Wellpath Holdings, Inc. 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 ($)

1 Months Ended

2 Months Ended

4 Months Ended

5 Months Ended

12 Months Ended

21 Months Ended

59 Months Ended

Aug. 12, 2024

Jun. 26, 2024

Jun. 14, 2024

Jun. 10, 2024

May 16, 2024

Feb. 08, 2024

Jun. 05, 2020

Jul. 16, 2019

Feb. 14, 2019

Jul. 17, 2024

Jul. 11, 2024

May 06, 2024

Jul. 25, 2019

Jul. 17, 2024

Jun. 30, 2024

Jul. 02, 2019

Jun. 28, 2024

Sep. 30, 2024

Schedule of Investments [Line Items]

Non-qualifying assets as a percentage of total assets

6%

7%

Fair Value

$ 59,455,010

[1]

$ 84,211,283

[2]

Investment, Identifier [Axis]: Aventiv Technologies, LLC

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 1,779,308

Investment, Identifier [Axis]: Aventiv Technologies, LLC - First Lien Term Loan

Schedule of Investments [Line Items]

Investment, Interest Rate, Paid in Kind Capitalized

4.09%

4.09%

Investment, Interest Rate, Paid as Cash

0%

0%

Investment, Interest Rate, Paid in Kind

4.09%

4.09%

Investment, Identifier [Axis]: BCPE North Star US Holdco 2, Inc

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 1,945,000

$ 4,048,942

Investment, Identifier [Axis]: CareerBuilder, LLC

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 690,000

Investment, Identifier [Axis]: CareerBuilder, LLC - First Lien Term Loan

Schedule of Investments [Line Items]

Investment, Interest Rate, Paid in Kind Capitalized

4.25%

4.25%

Investment, Interest Rate, Paid as Cash

0%

0%

Investment, Interest Rate, Paid in Kind

[3]

4.25%

4.25%

Investment, Identifier [Axis]: Common Equity, Other - ACON IWP Investors I, L.L.C.

Schedule of Investments [Line Items]

Fair Value

$ 659,500

[1],[4],[5],[6],[7],[8]

$ 607,500

[2],[9],[10],[11],[12],[13]

Investment, Identifier [Axis]: Common Equity, Other - FullBeauty Brands Holding, Common Stock

Schedule of Investments [Line Items]

Fair Value

6,469

[1],[4],[5],[6],[7],[8]

6,264

[2],[9],[10],[11],[12],[13]

Investment, Identifier [Axis]: Common Equity, Other - Research Now Group, LLC & Dynata, LLC (Common Stock of New Insight Holdings, Inc)

Schedule of Investments [Line Items]

Fair Value

[2],[9],[10],[11],[12],[13]

282,262

Investment, Identifier [Axis]: Common Equity, Other - Rising Tide Holdings, Inc., Common Stock

Schedule of Investments [Line Items]

Fair Value

28,375

[1],[4],[5],[6],[7],[8]

325

[2],[9],[10],[11],[12],[13]

Investment, Identifier [Axis]: Common Equity, Other - iQOR Holdings, Inc. (Bloom Aggregator, LP)

Schedule of Investments [Line Items]

Fair Value

48,957

[1],[4],[5],[6],[7],[8]

$ 55,871

[2],[9],[10],[11],[12],[13]

Investment, Identifier [Axis]: DRI Holding, Inc.

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 2,415,300

Investment, Identifier [Axis]: DTI Holdco, Inc.

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 2,000,000

$ 5,000,000

Investment, Identifier [Axis]: Discovery MSO HoldCo LLC

Schedule of Investments [Line Items]

Investment, Interest Rate, Paid in Kind Capitalized

8%

Investment, Interest Rate, Paid as Cash

0%

Investment, Interest Rate, Paid in Kind

8%

Investment, Identifier [Axis]: Druid City Infusion, LLC - Convertible

Schedule of Investments [Line Items]

Investment, Interest Rate, Paid in Kind Capitalized

2%

Investment, Interest Rate, Paid as Cash

0%

Investment, Interest Rate, Paid in Kind

2%

Investment, Identifier [Axis]: Emerge Intermediate, Inc.

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 131,333

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]: PlayPower, Inc.

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 3,565,351

Investment, Identifier [Axis]: Preferred Equity - Discovery MSO HoldCo LLC

Schedule of Investments [Line Items]

Fair Value

$ 100,000

[1],[4],[5],[6],[7],[8],[14]

$ 100,069

[2],[9],[10],[11],[12],[13],[15],[16]

Investment, Interest Rate, Paid in Kind

[9],[10],[11],[12],[13],[16],[17]

8%

Investment, Identifier [Axis]: Research Now Group, LLC & Dynata, LLC- First Lien Second Out Term Loan

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 2,925,712

Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies, LLC - Second Out Super Priority First Lien Term Loan

Schedule of Investments [Line Items]

Basis spread rate

[10],[12],[13],[17],[18]

7.50%

Fair Value

[2],[10],[12],[13],[18]

$ 77,635

Investment interest rate

[10],[12],[13],[17],[18]

12.37%

Investment, Identifier [Axis]: Senior Secured Loans, Aventiv Technologies, LLC - Third Out Super Priority First Lien Term Loan

Schedule of Investments [Line Items]

Basis spread rate

[10],[12],[13],[16],[17],[18],[19]

1%

Fair Value

[2],[10],[12],[13],[16],[18],[19]

$ 2,624,063

Investment interest rate

[10],[12],[13],[16],[17],[18],[19]

5.87%

Investment, Interest Rate, Paid in Kind

[10],[12],[13],[16],[17],[18],[19]

4.09%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Amneal Pharmaceuticals LLC

Schedule of Investments [Line Items]

Basis spread rate

5.50%

[7],[8],[20],[21]

5.50%

[12],[13],[17],[22]

Fair Value

$ 3,004,087

[1],[7],[8],[20]

$ 2,962,264

[2],[12],[13],[22]

Investment interest rate

10.84%

[7],[8],[20],[21]

10.35%

[12],[13],[17],[22]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC

Schedule of Investments [Line Items]

Basis spread rate

[5],[7],[8],[21],[23],[24],[25]

1%

Fair Value

[1],[5],[7],[8],[23],[24],[25]

$ 2,440,316

Investment interest rate

[5],[7],[8],[21],[23],[24],[25]

6.60%

Investment, Interest Rate, Paid in Kind

[5],[7],[8],[21],[23],[24],[25]

4.09%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC 1

Schedule of Investments [Line Items]

Basis spread rate

[5],[7],[8],[21],[23],[24],[25]

7.50%

Fair Value

[1],[5],[7],[8],[23],[24],[25]

$ 175,362

Investment interest rate

[5],[7],[8],[21],[23],[24],[25]

13.10%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, BCPE North Star US Holdco 2, Inc.

Schedule of Investments [Line Items]

Basis spread rate

4%

[7],[8],[20],[21],[23]

4%

[12],[13],[17],[19],[22]

Fair Value

$ 2,876,123

[1],[7],[8],[20],[23]

$ 4,789,914

[2],[12],[13],[19],[22]

Investment interest rate

9.34%

[7],[8],[20],[21],[23]

8.96%

[12],[13],[17],[19],[22]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Burgess Point Purchaser Corporation

Schedule of Investments [Line Items]

Basis spread rate

[12],[13],[17],[22]

5.35%

Fair Value

[2],[12],[13],[22]

$ 2,836,183

Investment interest rate

[12],[13],[17],[22]

10.20%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, CareerBuilder, LLC

Schedule of Investments [Line Items]

Basis spread rate

2.50%

[5],[7],[8],[21],[23],[25]

2.50%

[10],[12],[13],[16],[17],[19]

Fair Value

$ 421,293

[1],[5],[7],[8],[23],[25]

$ 317,684

[2],[10],[12],[13],[16],[19]

Investment interest rate

6.75%

[5],[7],[8],[21],[23],[25]

7.46%

[10],[12],[13],[16],[17],[19]

Investment, Interest Rate, Paid in Kind

4.25%

[5],[7],[8],[21],[23],[25]

4.25%

[10],[12],[13],[16],[17],[19]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, DRI Holding Inc

Schedule of Investments [Line Items]

Basis spread rate

5.25%

[5],[7],[8],[21],[23]

5.25%

[10],[12],[13],[17],[19]

Fair Value

$ 3,451,274

[1],[5],[7],[8],[23]

$ 3,442,447

[2],[10],[12],[13],[19]

Investment interest rate

10.69%

[5],[7],[8],[21],[23]

10.20%

[10],[12],[13],[17],[19]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, DTI Holdco, Inc.

Schedule of Investments [Line Items]

Basis spread rate

4.75%

[7],[8],[20],[21],[23]

4.75%

[12],[13],[17],[19],[22]

Fair Value

$ 2,723,046

[1],[7],[8],[20],[23]

$ 3,713,572

[2],[12],[13],[19],[22]

Investment interest rate

10.09%

[7],[8],[20],[21],[23]

9.60%

[12],[13],[17],[19],[22]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Discovery Point Retreat, LLC

Schedule of Investments [Line Items]

Basis spread rate

7.75%

[5],[7],[8],[21]

7.75%

[10],[12],[13],[17]

Fair Value

$ 3,913,600

[1],[5],[7],[8]

$ 3,969,857

[2],[10],[12],[13]

Investment interest rate

13.35%

[5],[7],[8],[21]

12.62%

[10],[12],[13],[17]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Druid City Infusion, LLC - First Lien Convertible Note to Druid City Intermediate, Inc.

Schedule of Investments [Line Items]

Basis spread rate

[10],[12],[13],[16],[17]

6%

Fair Value

[2],[10],[12],[13],[16]

$ 99,000

Investment interest rate

[10],[12],[13],[16],[17]

2%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Druid City Infusion, LLC - First Lien Term Loan

Schedule of Investments [Line Items]

Basis spread rate

[10],[12],[13],[17]

7.50%

Fair Value

[2],[10],[12],[13]

$ 5,000,000

Investment interest rate

[10],[12],[13],[17]

12.10%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Emerge Intermediate, Inc.

Schedule of Investments [Line Items]

Basis spread rate

6.25%

[5],[7],[8],[21]

6.25%

[10],[12],[13],[17]

Fair Value

$ 5,120,833

[1],[5],[7],[8]

$ 5,082,460

[2],[10],[12],[13]

Investment interest rate

11.60%

[5],[7],[8],[21]

11.31%

[10],[12],[13],[17]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, First Brands Group

Schedule of Investments [Line Items]

Basis spread rate

5%

[7],[8],[20],[21]

5%

[12],[13],[17],[22]

Fair Value

$ 1,980,167

[1],[7],[8],[20]

$ 1,969,295

[2],[12],[13],[22]

Investment interest rate

10.59%

[7],[8],[20],[21]

10.51%

[12],[13],[17],[22]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, First Brands Group 1

Schedule of Investments [Line Items]

Basis spread rate

5%

[7],[8],[20],[21]

5%

[12],[13],[17],[22]

Fair Value

$ 3,963,774

[1],[7],[8],[20]

$ 3,937,382

[2],[12],[13],[22]

Investment interest rate

10.59%

[7],[8],[20],[21]

10.51%

[12],[13],[17],[22]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Global Tel*Link Corporation (d/b/a ViaPath Technologies)

Schedule of Investments [Line Items]

Basis spread rate

4.25%

[7],[8],[20],[21],[23]

7.50%

[10],[12],[13],[17]

Fair Value

$ 415,861

[1],[7],[8],[20],[23]

$ 4,871,000

[2],[10],[12],[13]

Investment interest rate

9.69%

[7],[8],[20],[21],[23]

12.35%

[10],[12],[13],[17]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, MoneyGram International, Inc.

Schedule of Investments [Line Items]

Basis spread rate

4.75%

[7],[8],[20],[21]

4.75%

[12],[13],[17],[22]

Fair Value

$ 2,991,303

[1],[7],[8],[20]

$ 2,851,571

[2],[12],[13],[22]

Investment interest rate

10.08%

[7],[8],[20],[21]

9.68%

[12],[13],[17],[22]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, NH Kronos Buyer, Inc.

Schedule of Investments [Line Items]

Basis spread rate

6.25%

[5],[7],[8],[21]

6.25%

[10],[12],[13],[17]

Fair Value

$ 4,984,127

[1],[5],[7],[8]

$ 4,968,254

[2],[10],[12],[13]

Investment interest rate

11.73%

[5],[7],[8],[21]

11.20%

[10],[12],[13],[17]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, NSM Top Holdings Corp.

Schedule of Investments [Line Items]

Basis spread rate

[10],[12],[13],[17]

5.35%

Fair Value

[2],[10],[12],[13]

$ 3,000,000

Investment interest rate

[10],[12],[13],[17]

10.72%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, PlayPower, Inc.-First Lien Revolving Line of Credit - Commitment

Schedule of Investments [Line Items]

Basis spread rate

[10],[12],[13],[17],[26]

5.25%

Fair Value

[2],[10],[12],[13],[26]

$ 0

Investment interest rate

[10],[12],[13],[17],[26]

9.85%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Playpower, Inc.

Schedule of Investments [Line Items]

Basis spread rate

5.50%

[5],[7],[8],[21],[23]

5.25%

[10],[12],[13],[17]

Fair Value

$ 4,806,257

[1],[5],[7],[8],[23]

$ 4,272,636

[2],[10],[12],[13]

Investment interest rate

10.96%

[5],[7],[8],[21],[23]

9.85%

[10],[12],[13],[17]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group and Dynata LLC

Schedule of Investments [Line Items]

Basis spread rate

[5],[7],[8],[21],[27]

7.50%

Fair Value

[1],[5],[7],[8],[27]

$ 1,504,009

Investment interest rate

[5],[7],[8],[21],[27]

13.09%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group and Dynata LLC 1

Schedule of Investments [Line Items]

Basis spread rate

[5],[7],[8],[21]

8.75%

Fair Value

[1],[5],[7],[8]

$ 59,091

Investment interest rate

[5],[7],[8],[21]

14.21%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group, LLC & Dynata, LLC- First Lien First Out Term Loan

Schedule of Investments [Line Items]

Basis spread rate

[10],[12],[13],[17],[19]

5.50%

Fair Value

[2],[10],[12],[13],[19]

$ 1,172,917

Investment interest rate

[10],[12],[13],[17],[19]

10.88%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group, LLC & Dynata, LLC- First Lien Second Out Term Loan

Schedule of Investments [Line Items]

Basis spread rate

[10],[12],[13],[17]

5%

Fair Value

[2],[10],[12],[13]

$ 2,941,373

Investment interest rate

[10],[12],[13],[17]

10.38%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, S&S Holdings LLC

Schedule of Investments [Line Items]

Basis spread rate

[12],[13],[17],[22]

5%

Fair Value

[2],[12],[13],[22]

$ 2,983,571

Investment interest rate

[12],[13],[17],[22]

10.06%

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, WatchGuard Technologies, Inc.

Schedule of Investments [Line Items]

Basis spread rate

5.25%

[5],[7],[8],[21],[23]

5.25%

[10],[12],[13],[17],[19]

Fair Value

$ 2,985,077

[1],[5],[7],[8],[23]

$ 4,967,209

[2],[10],[12],[13],[19]

Investment interest rate

10.59%

[5],[7],[8],[21],[23]

10.10%

[10],[12],[13],[17],[19]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Wellpath Holdings, Inc.

Schedule of Investments [Line Items]

Basis spread rate

5.50%

[5],[7],[8],[21],[23]

5.50%

[10],[12],[13],[17],[19],[28]

Fair Value

$ 1,279,736

[1],[5],[7],[8],[23]

$ 1,231,462

[2],[10],[12],[13],[19],[28]

Investment interest rate

11.11%

[5],[7],[8],[21],[23]

10.86%

[10],[12],[13],[17],[19],[28]

Investment, Identifier [Axis]: Senior Secured Loans-First Lien, iQOR Holdings, Inc.

Schedule of Investments [Line Items]

Basis spread rate

7.50%

[5],[7],[8],[21]

7.50%

[10],[12],[13],[17]

Fair Value

$ 5,000,000

[1],[5],[7],[8]

$ 4,930,988

[2],[10],[12],[13]

Investment interest rate

13.09%

[5],[7],[8],[21]

12.37%

[10],[12],[13],[17]

Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance, LLC

Schedule of Investments [Line Items]

Basis spread rate

1%

[5],[7],[8],[21],[25]

1%

[10],[12],[13],[16],[17]

Fair Value

$ 1,559,701

[1],[5],[7],[8],[25]

$ 1,594,778

[2],[10],[12],[13],[16]

Investment interest rate

6.35%

[5],[7],[8],[21],[25]

5.60%

[10],[12],[13],[16],[17]

Investment, Interest Rate, Paid in Kind

4%

[5],[7],[8],[21],[25]

4%

[10],[12],[13],[16],[17]

Investment, Identifier [Axis]: Shutterfly Finance, LLC - Second Lien Term Loan

Schedule of Investments [Line Items]

Investment, Interest Rate, Paid in Kind Capitalized

4%

4%

Investment, Interest Rate, Paid as Cash

0%

0%

Investment, Interest Rate, Paid in Kind

4%

4%

Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXIV

Schedule of Investments [Line Items]

Fair Value

$ 146,300

[1],[4],[5],[7],[8],[29]

$ 142,150

[2],[9],[10],[12],[13],[30]

Investment interest rate

17.14%

[4],[5],[7],[8],[21],[29]

7.95%

[9],[10],[12],[13],[17],[30]

Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXVI

Schedule of Investments [Line Items]

Fair Value

$ 115,900

[1],[4],[5],[7],[8],[29],[31]

$ 103,250

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, California CLO IX, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 241,200

[1],[4],[5],[7],[8],[29]

$ 241,200

[2],[9],[10],[12],[13],[30]

Investment interest rate

18.68%

[4],[5],[7],[8],[21],[29]

16.76%

[9],[10],[12],[13],[17],[30]

Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2014-4-R, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 116,350

[1],[4],[5],[7],[8],[29],[31]

$ 87,425

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2017-5, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 265,500

[1],[4],[5],[7],[8],[29],[31]

$ 219,450

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Galaxy XIX CLO, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 75,300

[1],[4],[5],[7],[8],[29],[31]

$ 51,825

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, GoldenTree Loan Opportunities IX, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 0

[1],[4],[5],[7],[8],[29],[31]

$ 0

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIII, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 24,375

[1],[4],[5],[7],[8],[29],[31]

$ 0

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIV, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 139,250

[1],[4],[5],[7],[8],[29]

$ 134,075

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

3.52%

[4],[5],[7],[8],[21],[29]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, OZLM XII, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 0

[1],[4],[5],[7],[8],[29],[31]

$ 0

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 30, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 165,253

[1],[4],[5],[7],[8],[29],[31]

$ 146,300

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 31, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 79,800

[1],[4],[5],[7],[8],[29],[31]

$ 68,725

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 36, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 247,150

[1],[4],[5],[7],[8],[29],[31]

$ 222,800

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 39, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 169,775

[1],[4],[5],[7],[8],[29]

$ 152,550

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

3.49%

[4],[5],[7],[8],[21],[29]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XIV, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 17,170

[1],[4],[5],[7],[8],[29],[31]

$ 0

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XV, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 174,450

[1],[4],[5],[7],[8],[29],[31]

$ 155,450

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XXI,Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 162,417

[1],[4],[5],[7],[8],[23],[29]

$ 157,612

[2],[9],[10],[12],[13],[19],[30]

Investment interest rate

2.86%

[4],[5],[7],[8],[21],[23],[29]

0%

[9],[10],[12],[13],[17],[19],[30]

Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO II, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 304,950

[1],[4],[5],[7],[8],[29],[31]

$ 229,500

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO VII-R, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 33,855

[1],[4],[5],[7],[8],[29],[31]

$ 28,696

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO XVIII, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 93,775

[1],[4],[5],[7],[8],[29],[31]

$ 79,500

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, THL Credit Wind River 2013-1 CLO, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 47,190

[1],[4],[5],[7],[8],[29],[31]

$ 35,945

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Venture XXXIV CLO, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 152,525

[1],[4],[5],[7],[8],[29],[31]

$ 142,650

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Voya CLO 2016-1, Ltd.

Schedule of Investments [Line Items]

Fair Value

$ 111,325

[1],[4],[5],[7],[8],[29],[31]

$ 88,975

[2],[9],[10],[12],[13],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[29],[31]

0%

[9],[10],[12],[13],[17],[30],[32]

Investment, Identifier [Axis]: Structured Subordinated Notes, Voya IM CLO 2013-1, Ltd

Schedule of Investments [Line Items]

Fair Value

$ 72,862

[1],[4],[5],[7],[8],[23],[29],[31]

$ 63,399

[2],[9],[10],[12],[13],[19],[30],[32]

Investment interest rate

0%

[4],[5],[7],[8],[21],[23],[29],[31]

0%

[9],[10],[12],[13],[17],[19],[30],[32]

Investment, Identifier [Axis]: ViaPath Technologies

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]: WatchGuard Technologies, Inc.

Schedule of Investments [Line Items]

Follow-On Acquisitions (Excluding initial investment cost)

$ 1,994,924

$ 3,994,924

Investment, Identifier [Axis]: Wellpath Holdings, Inc.

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

100%

Revolving Credit Facility | Credit Facility

Schedule of Investments [Line Items]

Fair Value

$ 84,211,283

Collateralized financings

$ 0

$ 0

1M SOFR

Schedule of Investments [Line Items]

Basis spread rate

5.34%

4.85%

3M SOFR

Schedule of Investments [Line Items]

Basis spread rate

5.32%

4.59%

[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]Fair value is determined by the Company’s Board of Directors (see Note 2).[3]On June 28, 2024, the CareerBuilder, LLC First Lien Loan was amended to allow for a portion of interest accruing in cash to be payable in kind.[4]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, 2024, 6% are non-qualifying assets as a percentage of total assets.[5]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.[6]Represents non-income producing security that has not paid interest or dividends in the year preceding the reporting date.[7]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 June 30, 2024 was $59,455,010, representing 100% of our total investments.[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]Indicates assets that Prospect Floating Rate and Alternative Income Fund, Inc. (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 September 30, 2024, 7% are non-qualifying assets as a percentage of total assets.[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]Represents non-income producing security that has not paid interest or dividends in the year preceding the reporting date.[12]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 September 30, 2024 was $84,211,283, representing 100% of our total investments.[13]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.[14]Discovery Point Retreat, LLC, Discovery MSO LLC, Eating Disorder Solutions of Texas LLC, and Discovery Point Retreat Waxahachie, LLC are joint borrowers on the First Lien Term Loan.[15]Discovery Point Retreat, LLC, Discovery MSO LLC, Eating Disorder Solutions of Texas LLC, and Discovery Point Retreat Waxahachie, LLC are joint borrowers on the First Lien Term Loan.[16]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 three months ended September 30, 2024. Security Name PIK Rate - Capitalized PIK Rate - Paid as cash Maximum Current PIK Rate Aventiv Technologies, LLC - First Lien Term Loan 4.09 % — % 4.09 % CareerBuilder, LLC - First Lien Term Loan 4.25 % — % 4.25 % (A) Druid City Infusion, LLC - Convertible 2.00 % — % 2.00 % Shutterfly Finance, LLC - Second Lien Term Loan 4.00 % — % 4.00 % Discovery MSO HoldCo LLC 8.00 % — % 8.00 % (A) On June 28, 2024, the CareerBuilder, LLC First Lien Loan was amended to allow for a portion of interest accruing in cash to be payable in kind. 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 Senior Secured Loans-First Lien 8/2/2019, 3/4/2024, 4/2/2024, 6/28/2024 $ 1,779,308 BCPE North Star US Holdco 2, Inc Senior Secured Loans-First Lien 6/10/2024, 7/1/2024, 7/11/2024 4,048,942 CareerBuilder, LLC Senior Secured Loans-First Lien 6/5/2020 690,000 DRI Holding, Inc. Senior Secured Loans-First Lien 5/16/2024 2,415,300 DTI Holdco, Inc. Senior Secured Loans-First Lien 2/8/2024, 7/17/24 5,000,000 Emerge Intermediate, Inc. Senior Secured Loans-First Lien 6/14/2024 131,333 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 Research Now Group, LLC & Dynata, LLC- First Lien Second Out Term Loan Senior Secured Loans-First Lien 8/12/2024 2,925,712 Voya IM CLO 2013-1, Ltd. Structured Subordinated Notes 10/17/2017, 7/1/2019 20,584 WatchGuard Technologies, Inc. Senior Secured Loans-First Lien 6/26/2024, 7/17/2024 3,994,924 Wellpath Holdings, Inc. Senior Secured Loans-First Lien 4/10/2019, 7/25/2019 1,327,000 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 Senior Secured Loans-First Lien 8/2/2019, 3/4/2024, 4/2/2024, 6/28/2024 $ 1,779,308 BCPE North Star US Holdco 2, Inc Senior Secured Loans-First Lien 6/10/2024 1,945,000 CareerBuilder, LLC Senior Secured Loans-First Lien 6/5/2020 690,000 DRI Holding, Inc. Senior Secured Loans-First Lien 5/16/2024 2,415,300 DTI Holdco, Inc. Senior Secured Loans-First Lien 2/8/2024 2,000,000 Emerge Intermediate, Inc. Senior Secured Loans-First Lien 6/14/2024 131,333 Octagon Investment Partners XXI, Ltd. Structured Subordinated Notes 2/14/2019 35,015 PlayPower, Inc. Senior Secured Loans-First Lien 2/29/2024, 3/1/2024, 5/6/2024 3,565,351 Global Tel*Link Corporation (d/b/a ViaPath Technologies) 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 WatchGuard Technologies, Inc. Senior Secured Loans-First Lien 6/26/2024 1,994,924 Wellpath Holdings, Inc. 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 4.09 % — % 4.09 % CareerBuilder, LLC - First Lien Term Loan 4.25 % — % 4.25 % (A) Shutterfly Finance, LLC - Second Lien Term Loan 4.00 % — % 4.00 % flow taking into account assumptions which have been made regarding expected prepayments, losses and future reinvestment rates. These assumptions are periodically reviewed and adjusted. Ultimately, the actual yield may be higher or lower than the estimated yield if actual results differ from those used for the assumptions.

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Sep. 30, 2024
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. Effective September 19, 2022, the Company engaged Preferred Capital Securities, LLC (the "Dealer Manager") 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 1933, as amended (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 authorized the issuance of separate classes of its common stock and designated such classes Class S, Class D and Class I common stock, respectively. The registration statement was declared effective by the SEC on May 10, 2024. 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 14, 2024. 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. We consolidate certain of our wholly owned and substantially wholly owned holding companies formed by us in order to facilitate our investment strategy. The following company is included in our consolidated financial statements and is referred to as the “Consolidated Holding Company”: Prospect Discovery Holdings I, Inc.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2024
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, 2025. Under the 1940 Act, ASC 946, and the regulations pursuant to Article 6 of Regulation S-X, we are precluded from consolidating any entity other than another investment company or an operating company which provides substantially all of its services to benefit us. Our consolidated financial statements include the accounts of PFLOAT, the SPV and the Consolidated Holding Company. 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 (as defined in Note 10). 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 September 30, 2024 and June 30, 2024, cash equivalents were $14,986,438 and $9,988,444, respectively. Reclassifications. Certain reclassifications have been made in the presentation of prior consolidated financial statements and accompanying notes to conform to the presentation as of and for the three months ended September 30, 2024 . Refer to Note 16. Financial Highlights. In our Form 10-Q for the quarterly period ended September 30, 2023 filed on November 14, 2023, we previously reported total interest income of $432,079 from our non-control/non-affiliate investments within our Consolidated Statement of Operations . In accordance with Regulation S-X 6-07.01 Statement of Operations – Investment Income and to conform to the presentation for the three months ended September 30, 2024 , we have subsequently reclassified portions of the prior year interest income to separately state the amounts attributable to payment-in-kind interest income. 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 investments sold in the Consolidated Statements of Assets and Liabilities . Amounts for principal repayments from our investments are reported in receivable for repayments of portfolio investments. As of September 30, 2024 and June 30, 2024, 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 September 30, 2024 and June 30, 2024, our qualifying assets as a percentage of total assets stood at 93.20% and 94.23%, 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 collectability 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 payment-in-kind ("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 September 30, 2024 and June 30, 2024, the Company had one loan on non-accrual status. As of September 30, 2024, approximately 1.16% of our total assets at fair value are on non-accrual status. As of June 30, 2024, approximately 1.96% of our total assets at fair value are 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 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. The Company modifie d its accounting pol icy during the year ended June 30, 2024, with respect to the timing of when it recognizes realized losses for certain CLO equity investments for which the Company determines that a CLO’s expected remaining cash flows do not exceed amortized cost basis. In such situations, the amortized cost basis of the CLO is written down and recognized as a realized loss. 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 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 September 30, 2024 and 2023, PIK interest included in interest income totaled $69,280 and $21,994, respectively. To maintain regulated investment company ("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 Credit Facility and Senior Secured Revolving Credit Facility (both as defined herein) 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 Credit Facility and Senior Secured 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 stock 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 gains or losses 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 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 September 30, 2024, the Company expects to have no excise tax due for the 2023 calendar year. As of September 30, 2024, 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 September 30, 2024, 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, 2021 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. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”),” which intends to improve the transparency of income tax disclosures. ASU No. 2023-09 is effective for fiscal years beginning after December 15, 2024 and is to be adopted on a prospective basis with the option to apply retrospectively. The Company is currently assessing the impact of this guidance, however, the Company does not expect it to have a material impact to the Company's consolidated financial statements.

SHARE TRANSACTIONS

SHARE TRANSACTIONS	3 Months Ended
	Sep. 30, 2024
Equity [Abstract]
SHARE TRANSACTIONS	SHARE TRANSACTIONS Below is a summary of transactions with respect to shares of common stock of the Company during the three months ended September 30, 2024 and 2023: Three Months Ended September 30, 2024 PFLOAT Class A Common Stock Shares Amount Shares issued 2,096,436 $ 10,000,000 Shares issued through reinvestment of distributions 130,041 618,760 Repurchase of common stock (47,845) (223,438) Net increase/(decrease) from capital transactions 2,178,632 $ 10,395,322 Three Months Ended September 30, 2023 PFLOAT Class A Common Stock Shares Amount Shares issued through reinvestment of distributions 18,415 $112,005 Repurchase of common stock (19,963) (121,569) Net (decrease)/increase from capital transactions (1,548) $(9,564) On June 28, 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 June 30, 2024. A total of 2,096,436 shares were issued on July 1, 2024. The offer and sale of these shares are exempt from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof and Regulation D thereunder. 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 net asset value per share 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 September 30, 2024 September 30, 2024 September 23, 2024 47,845 15 % $ 4.67 $ 223,438 Total for the three months ended September 30, 2024 47,845 $ 223,438 Year ended June 30, 2024 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 March 31, 2024 February 26, 2024 23,273 8 % $ 4.82 112,179 June 30, 2024 May 14, 2024 21,698 8 % $ 4.72 102,413 Total for the year ended June 30, 2024 86,046 $ 449,532

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND ARRANGEMENTS	3 Months Ended
	Sep. 30, 2024
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 CCO and her staff. For the three months ended September 30, 2024 and 2023, allocation of overhead from the Administrator to the Company was $175,000 and $223,750 respectively. During the three months ended September 30, 2024 and 2023, $10,000 and $8,750, 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 September 30, 2024 and June 30, 2024, $1,921,943 and $1,766,942, respectively, was payable to the Administrator, US Bank, BNY and SMBC 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. 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 September 30, 2024 and 2023, the total base management fee incurred by the Adviser was $289,161 and $83,359, respectively, which were waived by the Adviser. As of September 30, 2024 and June 30, 2024, the total base management fee due to the Adviser after the waiver was $0 and $0, respectively. There were no incentive fees payable as of September 30, 2024 or June 30, 2024. During the three months ended September 30, 2024 and 2023, 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 months ended September 30, 2024 and 2023. The officers do not receive any direct compensation from the Company. Expense Limitation and Expense Reimbursement Agreements Expense Limitation Agreement with the Adviser 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" 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. On May 13, 2024, we entered into a Fourth Amended and Restated Expense Limitation Agreement (the "Fourth Amended and Restated ELA" and, together with the First Amended and Restated ELA, the Second Amended and Restated ELA, and the Third 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 June 30, 2024 to December 31, 2024, as discussed below. Other than this change, the terms and conditions of the Fourth Amended and Restated ELA are identical to those of the First Amended and Restated ELA, the Second Amended and Restated ELA, and the Third Amended and Restated ELA. The ELA has an initial term ending on December 31, 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 December 31, 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 December 31, 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 December 31, 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 $289,161 and $83,359 for the three months ended September 30, 2024 and 2023, 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 March 31, 2024 105,128 — 105,128 3.14% 7.51% March 31, 2027 June 30, 2024 184,993 — 184,993 2.75% 7.57% June 30, 2027 September 30, 2024 289,161 — 289,161 2.82% 7.64% September 30, 2027 Total $ 1,914,605 $ 1,914,605 Dealer Manager Agreement On May 13, 2024, we entered into the dealer manager agreement (“Dealer Manager Agreement”) with the Dealer Manager. Pursuant to the terms of the Dealer Manager Agreement, we pay the Dealer Manager over time a shareholder servicing and/or distribution fee with respect to our outstanding Class S and Class D shares equal to 0.85% and 0.25%, respectively, per annum of the aggregate NAV of our outstanding Class S and Class D shares, including any Class S and Class D shares issued pursuant to our distribution reinvestment plan, which is included in the 10% underwriting compensation limit. The shareholder servicing and/or distribution fees are paid monthly in arrears. The Dealer Manager reallows (pays) all or a portion of the shareholder servicing and/or distribution fees to participating brokers for ongoing shareholder services performed by such participating brokers. Our Adviser or an affiliate may also pay directly, or reimburse the Dealer Manager if the Dealer Manager pays on our behalf, any organization and offering expenses (other than any underwriting compensation, including upfront selling commissions and shareholder servicing and/or distribution fees, subject to FINRA Rule 2310). Additionally, our Adviser will pay the Dealer Manager a distribution services fee of 0.848% of the sales price of each share sold, except for sales arranged by our Adviser, an affiliate of our Adviser, or their respective personnel. 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	3 Months Ended
	Sep. 30, 2024
Equity [Abstract]
DISTRIBUTIONS	DISTRIBUTIONS The following table reflects the cash distributions per share that the Company declared on its common stock during the three months ended September 30, 2024 and 2023: Distributions For the Three Months Ended September 30, 2024 PFLOAT Class A Common Stock, per share PFLOAT Class A Common Stock, Amount Distributed July 26, 2024 $ 0.02724 $ 239,396 August 30, 2024 0.03650 322,325 September 27, 2024 0.03048 269,443 Total for the Three Months Ended September 30, 2024 $ 831,164 Distributions For the Three Months Ended September 30, 2023 PFLOAT Class A Common Stock, per share PFLOAT Class A Common Stock, Amount Distributed July 28, 2023 $ 0.03260 $ 78,129 August 25, 2023 0.03260 78,313 September 29, 2023 0.04095 98,612 Total for the Three Months Ended September 30, 2023 $ 255,054 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.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2024
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 $9,906,072, with $327,082 being reclassified to return of capital from ordinary income. The Company's cost basis of investments as of September 30, 2024 for tax purposes was $86,573,163, resulting in an estimated net unrealized loss of $2,361,880. The gross unrealized gains and losses as of September 30, 2024 were $938,376 and $3,300,256, respectively. The Company's cost basis of investments as of June 30, 2024 for tax purposes was $61,391,979, resulting in an estimated net unrealized loss of $1,936,968. The gross unrealized gains and losses as of June 30, 2024 were $892,350 and $2,829,318, 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 (260,786) 27,795 Permanent differences (8,210) 155,829 Taxable income (loss) before deductions for distributions $ (505,970) $ 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 $4,290,347, 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 $497,760 and decreased capital in excess of par value by $497,760. 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 were 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	3 Months Ended
	Sep. 30, 2024
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 $32,865,621 and $21,994 during the three months ended September 30, 2024 and 2023, respectively. The original cost basis of debt placement and equity securities disposed from noncash restructured investments totaled $1,940,341 and $997,560 during the three months ended September 30, 2024 and 2023, respectively. Debt repayments and considerations from sales of debt and equity securities, excluding noncash restructured investments, of approximately $7,712,639 and $3,641,054 were received during the three months ended September 30, 2024 and 2023, respectively. Debt repayments and considerations from sales of debt and equity securities, including noncash restructured investments, of approximately $9,652,980 and $4,638,614 were received during the three months ended September 30, 2024 and 2023 respectively. As of September 30, 2024 and June 30, 2024, 99% and 99%, respectively, of the Company's portfolio was invested in floating rate investments based on fair value, totaling $83,158,992 and $58,611,709, respectively. As of September 30, 2024 and June 30, 2024, 98% and 97% respectively, of the Company's portfolio was invested in floating rate investments based on amortized cost, totaling $84,903,064 and $60,779,947, respectively. The following tables summarize the composition of the Company’s investment portfolio at amortized cost and fair value as of September 30, 2024 and June 30, 2024: September 30, 2024 Investments at Amortized Cost (1) Investments at Fair Value Fair Value Percentage of Total Portfolio Senior Secured Loans-First Lien $ 80,296,521 $ 79,012,737 94 % Senior Secured Loans-Second Lien 1,811,837 1,594,778 2 % Structured Subordinated Notes 2,794,706 2,551,477 3 % Common Equity/Other 2,000,205 952,222 1 % Preferred Equity 50,000 100,069 — % Total Portfolio Investments $ 86,953,269 $ 84,211,283 100 % June 30, 2024 Investments at Amortized Cost (1) Investments at Fair Value Fair Value Percentage of Total Portfolio Senior Secured Loans-First Lien $ 55,535,790 $ 54,095,336 91 % Senior Secured Loans-Second Lien 1,800,331 1,559,701 3 % Structured Subordinated Notes 3,443,826 2,956,672 5 % Common Equity/Other 1,717,943 743,301 1 % Preferred Equity 50,000 100,000 — % Total Portfolio Investments $ 62,547,890 $ 59,455,010 100 % (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 September 30, 2024 and June 30, 2024: September 30, 2024 Industry Investments at Fair Value Percentage of Portfolio Healthcare & Pharmaceuticals $ 24,020,866 29 % Automotive 8,742,860 10 % Services: Business 8,110,125 10 % Telecommunications 7,572,698 9 % Services: Consumer 5,304,543 6 % High Tech Industries 4,967,209 6 % Beverage, Food & Tobacco 4,789,914 6 % Hotel, Gaming & Leisure 4,272,636 5 % Media: Broadcasting & Subscription 3,442,447 4 % Consumer Goods: Durable 3,000,000 4 % Wholesale 2,983,571 3 % Banking 2,851,571 3 % Structured Finance 2,551,476 3 % Media: Diversified and Production 1,594,778 2 % Retail 6,264 — % Consumer goods: Non-Durable 325 — % Total $ 84,211,283 100 % June 30, 2024 Industry Investments at Fair Value Percentage of Portfolio Healthcare & Pharmaceuticals $ 19,061,883 32 % Automotive 5,943,941 10 % Services: Consumer 5,470,250 9 % Hotel, Gaming & Leisure 4,806,257 8 % Services: Business 4,286,146 7 % Media: Broadcasting & Subscription 3,451,274 6 % Telecommunications 3,031,539 5 % Banking 2,991,303 5 % High Tech Industries 2,985,077 5 % Structured Finance 2,956,672 5 % Beverage, Food & Tobacco 2,876,123 5 % Media: Diversified and Production 1,559,701 3 % Consumer goods: Non-Durable 28,375 — % Retail 6,469 — % Total $ 59,455,010 100 %

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and June 30, 2024, respectively: As of September 30, 2024 Level 1 Level 2 Level 3 Total Portfolio Investments Senior Secured Loans-First Lien $ — $ 26,043,752 $ 52,968,985 $ 79,012,737 Senior Secured Loans-Second Lien — — 1,594,778 1,594,778 Structured Subordinated Notes — — 2,551,477 2,551,477 Common Equity/Other — — 952,222 952,222 Preferred Equity — — 100,069 100,069 Total Portfolio Investments $ — $ 26,043,752 $ 58,167,531 $ 84,211,283 As of June 30, 2024 Level 1 Level 2 Level 3 Total Portfolio Investments Senior Secured Loans-First Lien $ — $ 17,954,361 $ 36,140,975 $ 54,095,336 Senior Secured Loans-Second Lien — — 1,559,701 1,559,701 Structured Subordinated Notes — — 2,956,672 2,956,672 Common Equity/Other — — 743,301 743,301 Preferred Equity — — 100,000 100,000 Total Portfolio Investments $ — $ 17,954,361 $ 41,500,649 $ 59,455,010 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 three months ended September 30, 2024, there were no changes in valuation techniques. The following table shows industries that comprise of greater than 10% of our portfolio at fair value as of September 30, 2024 and June 30, 2024: September 30, 2024 Cost Fair Value % of Portfolio Healthcare & Pharmaceuticals $ 24,489,174 $ 24,020,866 29 % Automotive 8,750,600 8,742,860 10 % Services: Business 8,228,467 8,110,125 10 % All Other Industries 45,485,028 43,337,432 51 % Total $ 86,953,269 $ 84,211,283 100 % June 30, 2024 Cost Fair Value % of Portfolio Healthcare & Pharmaceuticals $ 19,518,610 $ 19,061,883 32 % All Other Industries 43,029,280 40,393,127 68 % Total $ 62,547,890 $ 59,455,010 100 % As of September 30, 2024, investments in Texas and New Jersey comprised 11.4% and 9.6%, respectively, of our investments at fair value, with a cost of $9,837,052 and $8,058,777, respectively, and a fair value of $9,623,195 and $8,044,724, respectively. As of June 30, 2024, investments in Texas and New Jersey comprised 16.2% and 13.7%, respectively, of our investments at fair value, with a cost of $9,880,107 and $8,092,657, respectively, and a fair value of $9,620,581 and $8,124,920, respectively. The following is a reconciliation for the three months ended September 30, 2024 and 2023 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 Structured Preferred Equity Common Equity/Other Total Fair Value at June 30, 2024 $ 36,140,975 $ 1,559,701 $ 2,956,672 $ 100,000 $ 743,301 $ 41,500,649 Net realized gains (losses) on investments — — (477,151) — (297,076) (774,227) Net change in unrealized gains (losses) on investments 383,209 23,570 243,929 69 (73,341) 577,436 Net realized and unrealized gains (losses) on investments 383,209 23,570 (233,222) 69 (370,417) (196,791) Purchases of investments 22,020,886 — — 22,020,886 Restructuring of investments (579,338) — 579,338 — Payment-in-kind interest 50,241 19,038 69,279 Accretion (amortization) of purchase discount and premium, net 161,748 (7,531) 154,217 Net Reductions to Subordinated Structured Notes and related investment cost (171,973) (171,973) Repayments and sales of portfolio investments (5,208,736) — — — (5,208,736) Transfers into Level 3 (1) — — — Transfers out of Level 3 (1) — — — Fair Value at September 30, 2024 $ 52,968,985 $ 1,594,778 $ 2,551,477 $ 100,069 $ 952,222 $ 58,167,531 Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period $ (22,896) $ 23,570 $ 243,929 $ 69 $ (73,341) $ 171,331 (1)Transfers are assumed to have occurred at the beginning of the quarter during which the asset was transferred. During the three months ended September 30, 2024, none of our first lien loans transferred out of Level 3 to Level 2. During the three months ended September 30, 2024, none of our first lien loans transferred out of Level 2 to Level 3. 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 on investments (82,766) — — — — (82,766) Net change in unrealized gains (losses) on investments (234,162) (57,046) 18,370 (185,499) (855,337) (1,313,674) Net realized and unrealized gains (losses) on investments (316,928) (57,046) 18,370 (185,499) (855,337) (1,396,440) Restructuring of investments (669,880) — — — 997,560 327,680 Payment-in-kind interest — 21,994 — — — 21,994 Accretion (amortization) of purchase discount and premium, net 645 (2,997) (117) — — (2,469) Net Reductions to Subordinated Structured Notes and related investment cost — — — (167,968) — (167,968) Repayments and sales of portfolio investments (2,372,308) — — — — (2,372,308) Transfers into Level 3 (1) — — — — — — Transfers out of Level 3 (1) (710,099) — — — — (710,099) Fair Value at September 30, 2023 $ 9,164,344 $ 1,378,000 $ 290,152 $ 4,033,290 $ 620,319 $ 15,486,105 Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period $ (304,434) $ (57,046) $ 18,370 $ (185,499) $ (855,337) $ (1,383,946) (1) Transfers are assumed to have occurred at the beginning of the quarter during which the asset was transferred. During the three months ended September 30, 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. During the three months ended September 30, 2023, none of our first lien loans transferred out of Level 2 to Level 3. The following table provides quantitative information regarding significant unobservable inputs used in the fair value measurement of Level 3 investments as of September 30, 2024: Unobservable Inputs Asset Category Fair Value Primary Valuation Inputs Range Weighted Senior Secured First Lien Debt 317,682 Enterprise Value Waterfall (Market Approach) EBITDA multiple 7.00x to 8.50x 7.75x Senior Secured First Lien Debt 52,651,303 Discounted Cash Flow (Yield Analysis) Market yield 7.92% to 21.68% 10.68% Senior Secured Second Lien Debt 1,594,778 Discounted Cash Flow (Yield Analysis) Market yield 13.51% to 15.61% 14.56% Common Equity/Other 951,897 Enterprise Value Waterfall (Market Approach) EBITDA multiple 4.75x to 9.00x 8.21x Common Equity/Other 325 Enterprise Value Waterfall (Market Approach) Revenue multiple 0.15x to 0.16x 0.16x Preferred Equity 100,069 Enterprise Value Waterfall (Market Approach) EBITDA multiple 6.00x to 7.00x 6.50x Subordinated Structured Notes 2,551,477 Discounted Cash Flow Discount rate 5.65% to 15.57% (1)(2) 7.69% (1)(2) $ 58,167,531 (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. (2) Excludes investments that have been called for redemption or are currently marked to zero fair market value. The following table provides quantitative information regarding significant unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2024: Unobservable Inputs Asset Category Fair Value Primary Valuation Inputs Range Weighted Senior Secured First Lien Debt $ 34,215,673 Discounted Cash Flow (Yield Analysis) Market yield 8.72% to 27.54% 12.46% Senior Secured Second Lien Debt 1,559,701 Discounted Cash Flow (Yield Analysis) Market yield 15.60% to 18.10% 16.8% Senior Secured First Lien Debt 1,925,302 Enterprise Value Waterfall (Market Approach) EBITDA multiple 4.50x to 7.50x 5.33x Preferred Equity 100,000 Enterprise Value Waterfall (Market Approach) EBITDA multiple 6.00x to 7.00x 6.50x Common Equity/Other 714,926 Enterprise Value Waterfall (Market Approach) EBITDA multiple 4.75x to 9.00x 8.26x Common Equity/Other 28,375 Enterprise Value Waterfall (Market Approach) Revenue multiple 0.40x to 0.70x 0.55x Subordinated Structured Notes 2,956,672 Discounted Cash Flow Discount rate 6.13% to 21.09% (1)(2) 12.97% (1)(2) $ 41,500,649 (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. (2) Excludes investments that have been called for redemption or are currently marked to zero fair market value. For the three months ended September 30, 2024 and 2023, there were $102,705 and $0 structuring fees recognized as part of interest income on the Consolidated Statements of Operations . For the three months ended September 30, 2024 and 2023, there were accelerated original issue discounts due to repayments of $163,111, and $0, respectively, included in interest income. For the three months ended September 30, 2024 and 2023, there was early repayment income of $0 and $0 respectively, included in interest income. Financial Instruments Disclosed, But Not Carried at Fair Value The following table presents the carrying value and fair value of the Company’s financial liabilities disclosed, but not carried, at fair value as of September 30, 2024 and the level of each financial liability within the fair value hierarchy: Carrying value Fair Value Level 1 Level 2 Level 3 Senior Secured Revolving Credit Facility (1) $ 39,600,000 $ 39,600,000 $ — $ — $ 39,600,000 $ 39,600,000 $ 39,600,000 $ — $ — $ 39,600,000 (1) As of September 30, 2024, the fair value of the Senior Secured Revolving Credit Facility was $39,600,000, the balance outstanding, and is categorized as Level 3 under ASC 820. The fair value of the Senior Revolving Credit Facility approximates the carrying value since the Senior Secured Revolving Credit Facility bears a floating rate and re-prices to market frequently. The following table presents the carrying value and fair value of the Company’s financial liabilities disclosed, but not carried, at fair value as of June 30, 2024 and the level of each financial liability within the fair value hierarchy: Carrying value Fair Value Level 1 Level 2 Level 3 Senior Secured Revolving Credit Facility (1) 27,800,000 27,800,000 — — 27,800,000 $ 27,800,000 $ 27,800,000 $ — $ — $ 27,800,000 (1) As of June 30, 2024, the fair value of the Senior Secured Revolving Credit Facility was $27,800,000, the balance outstanding, and is categorized as Level 3 under ASC 820. The fair value of the Senior Secured Revolving Credit Facility is equal to that of the carrying value since the Senior Secured Revolving Credit Facility bears a floating rate and re-prices to market frequently.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2024
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 for any payments made by the Adviser under the Expense Limitation Agreement. The 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; 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 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. Undrawn committed revolver loans to our portfolio companies incur commitment and unused fees of 0.50%. As of September 30, 2024 and June 30, 2024, we had $656,566 and $0, respectively, of undrawn revolver loan commitments to our portfolio companies. The fair value of our undrawn committed revolvers and delayed draw term loans was $0 and $0 as of September 30, 2024 and June 30, 2024, as they were all floating rate instruments that repriced frequently.

REVOLVING CREDIT FACILITIES

REVOLVING CREDIT FACILITIES	3 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITIES	REVOLVING CREDIT FACILITIES Credit Facility 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. Senior Secured Revolving Credit Facility 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 September 30, 2024, there was a $39,600,000 balance on the Senior Secured Revolving Credit Facility. During the three months ended September 30, 2024 and 2023, we recorded $0 and $230,022, respectively, of interest costs and amortization of financing costs on the Credit Facility as interest expense. During the three months ended September 30, 2024 and 2023, we realized a loss on the extinguishment of debt in the amount of $0 and $(66,844), 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 . On January 30, 2024, the Company entered into the first amendment (the "First Amendment") to the Senior Secured Revolving Credit Facility. Among other changes, the First Amendment amends the original Senior Secured Revolving Credit Facility 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. A vailability 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. On September 21, 2023, the Company entered into the Senior Secured Revolving Credit Facility. As of September 30, 2024, we had $39,600,000 outstanding on our Senior Secured Revolving Credit Facility. As of September 30, 2024, the investments used as collateral for the Senior Secured Revolving Credit Facility had an aggregate fair value of $84,211,283, which represents 100% of our total investments for the period. As of September 30, 2024, cash balances of $4,759,351 were used as collateral for the Senior Secured Revolving Credit Facility. The fair value of the Senior Secured Revolving Credit Facility was $39,600,000 and is categorized as Level 3 under ASC 820 as of September 30, 2024. 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 $1,205,721 in fees, all of which are being amortized over the term of the Senior Secured Revolving Credit Facility. As of September 30, 2024, $825,031 remains to be amortized and is reflected as deferred financing costs on the Consolidated Statements of Assets and Liabilities . During the three months ended September 30, 2024 and 2023, we recorded $804,388 and $60,191, respectively, of interest costs and amortization of financing costs on the Senior Secured Revolving Credit Facility as interest expense.

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS	3 Months Ended
	Sep. 30, 2024
Investment Company [Abstract]
FINANCIAL HIGHLIGHTS	FINANCIAL HIGHLIGHTS The following is a schedule of financial highlights for the three months ended September 30, 2024 and 2023: Three Months Ended September 30, 2024 (Unaudited) 2023 (Unaudited) Per Share Data (a) : Net asset value at beginning of period $ 4.69 $ 6.10 Net investment income (loss) 0.07 (0.09) Net realized and unrealized (losses) on investments (0.04) (0.43) Net realized (losses) on extinguishment of debt — (0.03) Net increase/(decrease) in net assets resulting from operations 0.03 (0.55) Distributions (b) Return of capital distributions — (0.11) Distributions from net investment income (0.09) — Total Distributions (0.09) (0.11) Offering costs — — Other (c)(e) 0.02 — Net asset value at end of period $ 4.65 $ 5.44 Total return based on net asset value (d) 1.13 % (9.26) % Supplemental Data: Net assets at end of period $ 41,086,181 $ 13,106,824 Average net assets $ 36,174,873 $ 13,900,344 Weighted average shares outstanding 8,776,773 2,404,057 Ratio to average net assets: Total annual expenses (f) 20.12 % 24.48 % Total annual expenses (after expense limitation agreement) (e) 16.93 % 22.09 % Net investment income (loss) (f) 7.01 % (6.4) % Portfolio Turnover 10.74 % — % (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 period. 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. (e) The amounts shown for the three months ended September 30, 2024 represent the balancing figure derived from the other figures in the schedule, and is primarily attributable to the effect from the accepted subscription agreement from the Adviser for the sale of $10 million of the Class A shares and the impact of the large influx of investments purchased during the period. (f) Annualized for the three months ended September 30, 2024 and 2023. The following is a schedule of financial highlights for each of the five years ended June 30, 2024, 2023, 2022, 2021, and 2020: Year Ended Year Ended Year Ended Year Ended Year Ended June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 Per Share Data (a) : Net asset value at beginning of year $ 6.10 $ 7.03 $ 8.36 $ 8.28 $ 9.88 Net investment income (loss) (0.06) 0.20 0.31 (0.08) 0.24 Net realized and unrealized (losses) gains on investments (0.55) (0.65) (1.05) 0.82 (1.22) Net realized (losses) on extinguishment of debt (0.02) — — — — Net increase (decrease) in net assets resulting from operations (0.63) (0.45) (0.74) 0.74 (0.98) Distributions (b) Return of capital distributions (f) (0.22) (0.28) (0.16) (0.46) (0.57) Distributions from net investment income (f) (0.17) (0.20) (0.43) (0.19) (0.15) Total Distributions (0.39) (0.48) (0.59) (0.65) (0.72) Offering costs — — — — — Other (c)(e) (0.39) — — (0.01) 0.10 Net asset value at end of year $ 4.69 $ 6.10 $ 7.03 $ 8.36 $ 8.28 Total return based on net asset value (d) (17.39) % (6.67) % (9.60) % 9.03 % (10.13) % Supplemental Data: Net assets at end of year $ 31,263,560 $ 14,693,862 $ 16,700,975 $ 19,947,807 $ 19,558,400 Average net assets $ 18,543,454 $ 15,303,274 $ 18,912,658 $ 20,055,524 $ 21,234,189 Weighted average shares outstanding 3,787,892 2,383,649 2,380,229 2,377,461 2,366,005 Ratio to average net assets: Total annual expenses 19.86 % 21.06 % 15.70 % 20.07 % 16.41 % Total annual expenses (after expense support agreement/expense limitation agreement) 17.45 % 18.30 % 12.47 % 18.44 % 13.07 % Net investment income (loss) (1.16) % 3.20 % 3.95 % (0.93) % 2.67 % Portfolio Turnover 26.67 % — % 35.34 % 17.83 % 24.56% (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) The amounts shown for the year ended June 30, 2024 represent the balancing figure derived from the other figures in the schedule, and is primarily attributable to the effect from the accepted subscription agreement from the Adviser for the sale of $20.0 million of the Class A shares and the impact of the large influx of investments purchased during the period. (f) The amounts reflected for the years ended June 30, 2023, 2022 and 2021 were updated based on tax information received subsequent to our Form 10-K filing for the years ended June 30, 2023, 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 September 30, 2024 and June 30, 2024, our asset coverage ratio stood at 204% and 213%, 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) September 30, 2024 $ 39,600,000 $ 2,038 — — June 30, 2024 $ 27,800,000 $ 2,125 — — June 30, 2023 $ 8,600,000 $ 2,709 — — June 30, 2022 $ 20,500,000 $ 1,815 — — June 30, 2021 $ 21,000,000 $ 1,950 — — June 30, 2020 $ 21,000,000 $ 1,931 — — 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	3 Months Ended
	Sep. 30, 2024
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 months ended September 30, 2024 and 2023. Three Months Ended September 30, 2024 2023 Net increase/(decrease) in net assets resulting from operations $ 258,463 $ (1,322,420) Weighted average common stock outstanding 8,776,773 2,404,057 Net increase/(decrease) in net assets resulting from operations per share $ 0.03 $ (0.55)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2024
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 October 1, 2024 and ending November 14, 2024, the Company sold 2,237 shares of its Class I common stock for gross proceeds of $10,400 and issued 98,259 shares pursuant to its distribution reinvestment plan in the amount of $457,882. Tender Offer On September 27, 2024, under our share repurchase program, we made a tender offer to purchase up to the number of shares of our issued and outstanding Class A common stock we could repurchase with the cash we retained during the quarter ended June 30, 2024 as a result of issuing shares through our distribution reinvestment plan to those shareholders who elected to receive their distributions in the form of additional shares rather than in cash. The total cash retained during the quarter ended June 30, 2024 as a result of issuing shares through our distribution reinvestment plan prior to this tender offer was approximately $468,733. The tender offer was for cash at a price equal to the net asset value per share as of October 31, 2024. The offer expired at 4:00 P.M., Eastern Time on October 30, 2024. Distributions On October 25, 2024, the Board of Directors declared a distribution for the month of October 2024, which reflects a targeted annualized distribution rate of 8.50% based on the current net asset value per share for the fourth fiscal quarter ended June 30, 2024. The distribution has a record date as of the close of business of the last Friday in October 2024 and equals an amount of $0.00762 per share of common stock. The distribution will be payable to stockholders of record as of the record date set forth below. Record Date Payment Date PFLOAT Class A Common Stock, per share October 25, 2024 November 1, 2024 $0.03048

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		11 Months Ended	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 13, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 258,463	$ (1,322,420)	$ (1,662,664)	$ (3,303,225)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
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 ($)	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
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
Financial Highlights [Abstract]
Senior Securities [Table Text Block]	Revolving Credit Facility Total Amount Outstanding Asset Coverage per Unit(1) Involuntary Liquidating Preference per Unit(2) Average Market Value per Unit(2) September 30, 2024 $ 39,600,000 $ 2,038 — — June 30, 2024 $ 27,800,000 $ 2,125 — — June 30, 2023 $ 8,600,000 $ 2,709 — — June 30, 2022 $ 20,500,000 $ 1,815 — — June 30, 2021 $ 21,000,000 $ 1,950 — — June 30, 2020 $ 21,000,000 $ 1,931 — — 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.
Senior Securities Headings, Note [Text Block]	(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.
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	$ 4.65	$ 4.69	$ 5.44	$ 6.10	$ 7.03	$ 8.36	$ 8.28	$ 9.88
Capital Stock, Long-Term Debt, and Other Securities [Abstract]
Long Term Debt [Table Text Block]	Credit Facility 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. Senior Secured Revolving Credit Facility On September 21, 2023, the Company entered into 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 September 30, 2024, there was a $39,600,000 balance on the Senior Secured Revolving Credit Facility. During the three months ended September 30, 2024 and 2023, we recorded $0 and $230,022, respectively, of interest costs and amortization of financing costs on the Credit Facility as interest expense. During the three months ended September 30, 2024 and 2023, we realized a loss on the extinguishment of debt in the amount of $0 and $66,844, 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 . On January 30, 2024, the Company entered into the first amendment (the "First Amendment") to the Senior Secured Revolving Credit Facility. Among other changes, the First Amendment amends the original Senior Secured Revolving Credit Facility 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. A vailability 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 three months ended September 30, 2024 , the Company entered into the Senior Secured Revolving Credit Facility. As of September 30, 2024, we had $39,600,000 outstanding on our Senior Secured Revolving Credit Facility. As of September 30, 2024, the investments used as collateral for the Senior Secured Revolving Credit Facility had an aggregate fair value of $84,211,283, which represents 100% of our total investments for the period. As of September 30, 2024, cash balances of $4,759,352 were used as collateral for the Senior Secured Revolving Credit Facility. The fair value of the Senior Secured Revolving Credit Facility was $39,600,000 and is categorized as Level 3 under ASC 820 as of September 30, 2024. 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 $1,205,721 in fees, all of which are being amortized over the term of the Senior Secured Revolving Credit Facility. As of September 30, 2024, $825,031 remains to be amortized and is reflected as deferred financing costs on the Consolidated Statements of Assets and Liabilities . During the three months ended September 30, 2024 and 2023, we recorded $804,388 and $60,191, respectively of interest costs and amortization of financing costs on the Senior Secured Revolving Credit Facility as interest expense.
Long Term Debt, Title [Text Block]	Credit Facility
Credit Facility1 [Member]
Financial Highlights [Abstract]
Senior Securities Amount	$ 39,600,000	$ 27,800,000		$ 8,600,000	$ 20,500,000	$ 21,000,000	$ 21,000,000	$ 5,500,000
Senior Securities Coverage per Unit	$ 2,038	$ 2,125		$ 2,709	$ 1,815	$ 1,950	$ 1,931	$ 5,256

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2024
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 (“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, 2025. Under the 1940 Act, ASC 946, and the regulations pursuant to Article 6 of Regulation S-X, we are precluded from consolidating any entity other than another investment company or an operating company which provides substantially all of its services to benefit us. Our consolidated financial statements include the accounts of PFLOAT, the SPV and the Consolidated Holding Company. All intercompany balances and transactions have been eliminated in consolidation.
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 (“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, 2025. Under the 1940 Act, ASC 946, and the regulations pursuant to Article 6 of Regulation S-X, we are precluded from consolidating any entity other than another investment company or an operating company which provides substantially all of its services to benefit us. Our consolidated financial statements include the accounts of PFLOAT, the SPV and the Consolidated Holding Company. All intercompany balances and transactions have been eliminated in consolidation.
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.
Reclassifications	Reclassifications. Certain reclassifications have been made in the presentation of prior consolidated financial statements and accompanying notes to conform to the presentation as of and for the three months ended September 30, 2024 . Refer to Note 16. Financial Highlights. In our Form 10-Q for the quarterly period ended September 30, 2023 filed on November 14, 2023, we previously reported total interest income of $432,079 from our non-control/non-affiliate investments within our Consolidated Statement of Operations . In accordance with Regulation S-X 6-07.01 Statement of Operations – Investment Income and to conform to the presentation for the three months ended September 30, 2024
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 investments sold in the Consolidated Statements of Assets and Liabilities . Amounts for principal repayments from our investments are reported in receivable for repayments of portfolio investments. As of September 30, 2024 and June 30, 2024, 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 collectability 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 payment-in-kind ("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 September 30, 2024 and June 30, 2024, the Company had one loan on non-accrual status. As of September 30, 2024, approximately 1.16% of our total assets at fair value are on non-accrual status. As of June 30, 2024, approximately 1.96% of our total assets at fair value are 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 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. The Company modifie d its accounting pol
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 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 September 30, 2024 and 2023, PIK interest included in interest income totaled $69,280 and $21,994, respectively. To maintain regulated investment company ("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 Credit Facility and Senior Secured Revolving Credit Facility (both as defined herein) 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 Credit Facility and Senior Secured 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 stock 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 gains or losses 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 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 September 30, 2024, the Company expects to have no excise tax due for the 2023 calendar year. As of September 30, 2024, 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 September 30, 2024, 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, 2021 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. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”),” which intends to improve the transparency of income tax disclosures. ASU No. 2023-09 is effective for fiscal years beginning after December 15, 2024 and is to be adopted on a prospective basis with the option to apply retrospectively. The Company is currently assessing the impact of this guidance, however, the Company does not expect it to have a material impact to the Company's consolidated financial statements.

SHARE TRANSACTIONS (Tables)

SHARE TRANSACTIONS (Tables)	3 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Common Stock Activity	Below is a summary of transactions with respect to shares of common stock of the Company during the three months ended September 30, 2024 and 2023: Three Months Ended September 30, 2024 PFLOAT Class A Common Stock Shares Amount Shares issued 2,096,436 $ 10,000,000 Shares issued through reinvestment of distributions 130,041 618,760 Repurchase of common stock (47,845) (223,438) Net increase/(decrease) from capital transactions 2,178,632 $ 10,395,322 Three Months Ended September 30, 2023 PFLOAT Class A Common Stock Shares Amount Shares issued through reinvestment of distributions 18,415 $112,005 Repurchase of common stock (19,963) (121,569) Net (decrease)/increase from capital transactions (1,548) $(9,564)
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 September 30, 2024 September 30, 2024 September 23, 2024 47,845 15 % $ 4.67 $ 223,438 Total for the three months ended September 30, 2024 47,845 $ 223,438 Year ended June 30, 2024 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 March 31, 2024 February 26, 2024 23,273 8 % $ 4.82 112,179 June 30, 2024 May 14, 2024 21,698 8 % $ 4.72 102,413 Total for the year ended June 30, 2024 86,046 $ 449,532

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND ARRANGEMENTS (Tables)	3 Months Ended
	Sep. 30, 2024
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 March 31, 2024 105,128 — 105,128 3.14% 7.51% March 31, 2027 June 30, 2024 184,993 — 184,993 2.75% 7.57% June 30, 2027 September 30, 2024 289,161 — 289,161 2.82% 7.64% September 30, 2027 Total $ 1,914,605 $ 1,914,605

DISTRIBUTIONS (Tables)

DISTRIBUTIONS (Tables)	3 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Dividends Declared and Paid	The following table reflects the cash distributions per share that the Company declared on its common stock during the three months ended September 30, 2024 and 2023: Distributions For the Three Months Ended September 30, 2024 PFLOAT Class A Common Stock, per share PFLOAT Class A Common Stock, Amount Distributed July 26, 2024 $ 0.02724 $ 239,396 August 30, 2024 0.03650 322,325 September 27, 2024 0.03048 269,443 Total for the Three Months Ended September 30, 2024 $ 831,164 Distributions For the Three Months Ended September 30, 2023 PFLOAT Class A Common Stock, per share PFLOAT Class A Common Stock, Amount Distributed July 28, 2023 $ 0.03260 $ 78,129 August 25, 2023 0.03260 78,313 September 29, 2023 0.04095 98,612 Total for the Three Months Ended September 30, 2023 $ 255,054

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of 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.
Schedule of 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 (260,786) 27,795 Permanent differences (8,210) 155,829 Taxable income (loss) before deductions for distributions $ (505,970) $ 489,385
Schedule of 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)	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and June 30, 2024: September 30, 2024 Investments at Amortized Cost (1) Investments at Fair Value Fair Value Percentage of Total Portfolio Senior Secured Loans-First Lien $ 80,296,521 $ 79,012,737 94 % Senior Secured Loans-Second Lien 1,811,837 1,594,778 2 % Structured Subordinated Notes 2,794,706 2,551,477 3 % Common Equity/Other 2,000,205 952,222 1 % Preferred Equity 50,000 100,069 — % Total Portfolio Investments $ 86,953,269 $ 84,211,283 100 % June 30, 2024 Investments at Amortized Cost (1) Investments at Fair Value Fair Value Percentage of Total Portfolio Senior Secured Loans-First Lien $ 55,535,790 $ 54,095,336 91 % Senior Secured Loans-Second Lien 1,800,331 1,559,701 3 % Structured Subordinated Notes 3,443,826 2,956,672 5 % Common Equity/Other 1,717,943 743,301 1 % Preferred Equity 50,000 100,000 — % Total Portfolio Investments $ 62,547,890 $ 59,455,010 100 % (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 September 30, 2024 and June 30, 2024: September 30, 2024 Industry Investments at Fair Value Percentage of Portfolio Healthcare & Pharmaceuticals $ 24,020,866 29 % Automotive 8,742,860 10 % Services: Business 8,110,125 10 % Telecommunications 7,572,698 9 % Services: Consumer 5,304,543 6 % High Tech Industries 4,967,209 6 % Beverage, Food & Tobacco 4,789,914 6 % Hotel, Gaming & Leisure 4,272,636 5 % Media: Broadcasting & Subscription 3,442,447 4 % Consumer Goods: Durable 3,000,000 4 % Wholesale 2,983,571 3 % Banking 2,851,571 3 % Structured Finance 2,551,476 3 % Media: Diversified and Production 1,594,778 2 % Retail 6,264 — % Consumer goods: Non-Durable 325 — % Total $ 84,211,283 100 % June 30, 2024 Industry Investments at Fair Value Percentage of Portfolio Healthcare & Pharmaceuticals $ 19,061,883 32 % Automotive 5,943,941 10 % Services: Consumer 5,470,250 9 % Hotel, Gaming & Leisure 4,806,257 8 % Services: Business 4,286,146 7 % Media: Broadcasting & Subscription 3,451,274 6 % Telecommunications 3,031,539 5 % Banking 2,991,303 5 % High Tech Industries 2,985,077 5 % Structured Finance 2,956,672 5 % Beverage, Food & Tobacco 2,876,123 5 % Media: Diversified and Production 1,559,701 3 % Consumer goods: Non-Durable 28,375 — % Retail 6,469 — % Total $ 59,455,010 100 %

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and June 30, 2024, respectively: As of September 30, 2024 Level 1 Level 2 Level 3 Total Portfolio Investments Senior Secured Loans-First Lien $ — $ 26,043,752 $ 52,968,985 $ 79,012,737 Senior Secured Loans-Second Lien — — 1,594,778 1,594,778 Structured Subordinated Notes — — 2,551,477 2,551,477 Common Equity/Other — — 952,222 952,222 Preferred Equity — — 100,069 100,069 Total Portfolio Investments $ — $ 26,043,752 $ 58,167,531 $ 84,211,283 As of June 30, 2024 Level 1 Level 2 Level 3 Total Portfolio Investments Senior Secured Loans-First Lien $ — $ 17,954,361 $ 36,140,975 $ 54,095,336 Senior Secured Loans-Second Lien — — 1,559,701 1,559,701 Structured Subordinated Notes — — 2,956,672 2,956,672 Common Equity/Other — — 743,301 743,301 Preferred Equity — — 100,000 100,000 Total Portfolio Investments $ — $ 17,954,361 $ 41,500,649 $ 59,455,010
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 September 30, 2024 and June 30, 2024: September 30, 2024 Cost Fair Value % of Portfolio Healthcare & Pharmaceuticals $ 24,489,174 $ 24,020,866 29 % Automotive 8,750,600 8,742,860 10 % Services: Business 8,228,467 8,110,125 10 % All Other Industries 45,485,028 43,337,432 51 % Total $ 86,953,269 $ 84,211,283 100 % June 30, 2024 Cost Fair Value % of Portfolio Healthcare & Pharmaceuticals $ 19,518,610 $ 19,061,883 32 % All Other Industries 43,029,280 40,393,127 68 % Total $ 62,547,890 $ 59,455,010 100 %
Schedule of Changes in Fair Value of Level 3 Investments	The following is a reconciliation for the three months ended September 30, 2024 and 2023 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 Structured Preferred Equity Common Equity/Other Total Fair Value at June 30, 2024 $ 36,140,975 $ 1,559,701 $ 2,956,672 $ 100,000 $ 743,301 $ 41,500,649 Net realized gains (losses) on investments — — (477,151) — (297,076) (774,227) Net change in unrealized gains (losses) on investments 383,209 23,570 243,929 69 (73,341) 577,436 Net realized and unrealized gains (losses) on investments 383,209 23,570 (233,222) 69 (370,417) (196,791) Purchases of investments 22,020,886 — — 22,020,886 Restructuring of investments (579,338) — 579,338 — Payment-in-kind interest 50,241 19,038 69,279 Accretion (amortization) of purchase discount and premium, net 161,748 (7,531) 154,217 Net Reductions to Subordinated Structured Notes and related investment cost (171,973) (171,973) Repayments and sales of portfolio investments (5,208,736) — — — (5,208,736) Transfers into Level 3 (1) — — — Transfers out of Level 3 (1) — — — Fair Value at September 30, 2024 $ 52,968,985 $ 1,594,778 $ 2,551,477 $ 100,069 $ 952,222 $ 58,167,531 Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period $ (22,896) $ 23,570 $ 243,929 $ 69 $ (73,341) $ 171,331 (1)Transfers are assumed to have occurred at the beginning of the quarter during which the asset was transferred. During the three months ended September 30, 2024, none of our first lien loans transferred out of Level 3 to Level 2. During the three months ended September 30, 2024, none of our first lien loans transferred out of Level 2 to Level 3. 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 on investments (82,766) — — — — (82,766) Net change in unrealized gains (losses) on investments (234,162) (57,046) 18,370 (185,499) (855,337) (1,313,674) Net realized and unrealized gains (losses) on investments (316,928) (57,046) 18,370 (185,499) (855,337) (1,396,440) Restructuring of investments (669,880) — — — 997,560 327,680 Payment-in-kind interest — 21,994 — — — 21,994 Accretion (amortization) of purchase discount and premium, net 645 (2,997) (117) — — (2,469) Net Reductions to Subordinated Structured Notes and related investment cost — — — (167,968) — (167,968) Repayments and sales of portfolio investments (2,372,308) — — — — (2,372,308) Transfers into Level 3 (1) — — — — — — Transfers out of Level 3 (1) (710,099) — — — — (710,099) Fair Value at September 30, 2023 $ 9,164,344 $ 1,378,000 $ 290,152 $ 4,033,290 $ 620,319 $ 15,486,105 Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period $ (304,434) $ (57,046) $ 18,370 $ (185,499) $ (855,337) $ (1,383,946) (1) Transfers are assumed to have occurred at the beginning of the quarter during which the asset was transferred. During the three months ended September 30, 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. During the three months ended September 30, 2023, none of our first lien loans transferred out of Level 2 to Level 3.
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 September 30, 2024: Unobservable Inputs Asset Category Fair Value Primary Valuation Inputs Range Weighted Senior Secured First Lien Debt 317,682 Enterprise Value Waterfall (Market Approach) EBITDA multiple 7.00x to 8.50x 7.75x Senior Secured First Lien Debt 52,651,303 Discounted Cash Flow (Yield Analysis) Market yield 7.92% to 21.68% 10.68% Senior Secured Second Lien Debt 1,594,778 Discounted Cash Flow (Yield Analysis) Market yield 13.51% to 15.61% 14.56% Common Equity/Other 951,897 Enterprise Value Waterfall (Market Approach) EBITDA multiple 4.75x to 9.00x 8.21x Common Equity/Other 325 Enterprise Value Waterfall (Market Approach) Revenue multiple 0.15x to 0.16x 0.16x Preferred Equity 100,069 Enterprise Value Waterfall (Market Approach) EBITDA multiple 6.00x to 7.00x 6.50x Subordinated Structured Notes 2,551,477 Discounted Cash Flow Discount rate 5.65% to 15.57% (1)(2) 7.69% (1)(2) $ 58,167,531 (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. (2) Excludes investments that have been called for redemption or are currently marked to zero fair market value. The following table provides quantitative information regarding significant unobservable inputs used in the fair value measurement of Level 3 investments as of June 30, 2024: Unobservable Inputs Asset Category Fair Value Primary Valuation Inputs Range Weighted Senior Secured First Lien Debt $ 34,215,673 Discounted Cash Flow (Yield Analysis) Market yield 8.72% to 27.54% 12.46% Senior Secured Second Lien Debt 1,559,701 Discounted Cash Flow (Yield Analysis) Market yield 15.60% to 18.10% 16.8% Senior Secured First Lien Debt 1,925,302 Enterprise Value Waterfall (Market Approach) EBITDA multiple 4.50x to 7.50x 5.33x Preferred Equity 100,000 Enterprise Value Waterfall (Market Approach) EBITDA multiple 6.00x to 7.00x 6.50x Common Equity/Other 714,926 Enterprise Value Waterfall (Market Approach) EBITDA multiple 4.75x to 9.00x 8.26x Common Equity/Other 28,375 Enterprise Value Waterfall (Market Approach) Revenue multiple 0.40x to 0.70x 0.55x Subordinated Structured Notes 2,956,672 Discounted Cash Flow Discount rate 6.13% to 21.09% (1)(2) 12.97% (1)(2) $ 41,500,649 (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. (2) Excludes investments that have been called for redemption or are currently marked to zero fair market value.
Schedule of Fair Value, by Balance Sheet Grouping	The following table presents the carrying value and fair value of the Company’s financial liabilities disclosed, but not carried, at fair value as of September 30, 2024 and the level of each financial liability within the fair value hierarchy: Carrying value Fair Value Level 1 Level 2 Level 3 Senior Secured Revolving Credit Facility (1) $ 39,600,000 $ 39,600,000 $ — $ — $ 39,600,000 $ 39,600,000 $ 39,600,000 $ — $ — $ 39,600,000 (1) As of September 30, 2024, the fair value of the Senior Secured Revolving Credit Facility was $39,600,000, the balance outstanding, and is categorized as Level 3 under ASC 820. The fair value of the Senior Revolving Credit Facility approximates the carrying value since the Senior Secured Revolving Credit Facility bears a floating rate and re-prices to market frequently. The following table presents the carrying value and fair value of the Company’s financial liabilities disclosed, but not carried, at fair value as of June 30, 2024 and the level of each financial liability within the fair value hierarchy: Carrying value Fair Value Level 1 Level 2 Level 3 Senior Secured Revolving Credit Facility (1) 27,800,000 27,800,000 — — 27,800,000 $ 27,800,000 $ 27,800,000 $ — $ — $ 27,800,000 (1) As of June 30, 2024, the fair value of the Senior Secured Revolving Credit Facility was $27,800,000, the balance outstanding, and is categorized as Level 3 under ASC 820. The fair value of the Senior Secured Revolving Credit Facility is equal to that of the carrying value since the Senior Secured Revolving Credit Facility bears a floating rate and re-prices to market frequently.

FINANCIAL HIGHLIGHTS (Tables)

FINANCIAL HIGHLIGHTS (Tables)	3 Months Ended
	Sep. 30, 2024
Investment Company [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights for the three months ended September 30, 2024 and 2023: Three Months Ended September 30, 2024 (Unaudited) 2023 (Unaudited) Per Share Data (a) : Net asset value at beginning of period $ 4.69 $ 6.10 Net investment income (loss) 0.07 (0.09) Net realized and unrealized (losses) on investments (0.04) (0.43) Net realized (losses) on extinguishment of debt — (0.03) Net increase/(decrease) in net assets resulting from operations 0.03 (0.55) Distributions (b) Return of capital distributions — (0.11) Distributions from net investment income (0.09) — Total Distributions (0.09) (0.11) Offering costs — — Other (c)(e) 0.02 — Net asset value at end of period $ 4.65 $ 5.44 Total return based on net asset value (d) 1.13 % (9.26) % Supplemental Data: Net assets at end of period $ 41,086,181 $ 13,106,824 Average net assets $ 36,174,873 $ 13,900,344 Weighted average shares outstanding 8,776,773 2,404,057 Ratio to average net assets: Total annual expenses (f) 20.12 % 24.48 % Total annual expenses (after expense limitation agreement) (e) 16.93 % 22.09 % Net investment income (loss) (f) 7.01 % (6.4) % Portfolio Turnover 10.74 % — % (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 period. 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. (e) The amounts shown for the three months ended September 30, 2024 represent the balancing figure derived from the other figures in the schedule, and is primarily attributable to the effect from the accepted subscription agreement from the Adviser for the sale of $10 million of the Class A shares and the impact of the large influx of investments purchased during the period. (f) Annualized for the three months ended September 30, 2024 and 2023. The following is a schedule of financial highlights for each of the five years ended June 30, 2024, 2023, 2022, 2021, and 2020: Year Ended Year Ended Year Ended Year Ended Year Ended June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 Per Share Data (a) : Net asset value at beginning of year $ 6.10 $ 7.03 $ 8.36 $ 8.28 $ 9.88 Net investment income (loss) (0.06) 0.20 0.31 (0.08) 0.24 Net realized and unrealized (losses) gains on investments (0.55) (0.65) (1.05) 0.82 (1.22) Net realized (losses) on extinguishment of debt (0.02) — — — — Net increase (decrease) in net assets resulting from operations (0.63) (0.45) (0.74) 0.74 (0.98) Distributions (b) Return of capital distributions (f) (0.22) (0.28) (0.16) (0.46) (0.57) Distributions from net investment income (f) (0.17) (0.20) (0.43) (0.19) (0.15) Total Distributions (0.39) (0.48) (0.59) (0.65) (0.72) Offering costs — — — — — Other (c)(e) (0.39) — — (0.01) 0.10 Net asset value at end of year $ 4.69 $ 6.10 $ 7.03 $ 8.36 $ 8.28 Total return based on net asset value (d) (17.39) % (6.67) % (9.60) % 9.03 % (10.13) % Supplemental Data: Net assets at end of year $ 31,263,560 $ 14,693,862 $ 16,700,975 $ 19,947,807 $ 19,558,400 Average net assets $ 18,543,454 $ 15,303,274 $ 18,912,658 $ 20,055,524 $ 21,234,189 Weighted average shares outstanding 3,787,892 2,383,649 2,380,229 2,377,461 2,366,005 Ratio to average net assets: Total annual expenses 19.86 % 21.06 % 15.70 % 20.07 % 16.41 % Total annual expenses (after expense support agreement/expense limitation agreement) 17.45 % 18.30 % 12.47 % 18.44 % 13.07 % Net investment income (loss) (1.16) % 3.20 % 3.95 % (0.93) % 2.67 % Portfolio Turnover 26.67 % — % 35.34 % 17.83 % 24.56% (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) The amounts shown for the year ended June 30, 2024 represent the balancing figure derived from the other figures in the schedule, and is primarily attributable to the effect from the accepted subscription agreement from the Adviser for the sale of $20.0 million of the Class A shares and the impact of the large influx of investments purchased during the period. (f) The amounts reflected for the years ended June 30, 2023, 2022 and 2021 were updated based on tax information received subsequent to our Form 10-K filing for the years ended June 30, 2023, 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 September 30, 2024 and June 30, 2024, our asset coverage ratio stood at 204% and 213%, 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) September 30, 2024 $ 39,600,000 $ 2,038 — — June 30, 2024 $ 27,800,000 $ 2,125 — — June 30, 2023 $ 8,600,000 $ 2,709 — — June 30, 2022 $ 20,500,000 $ 1,815 — — June 30, 2021 $ 21,000,000 $ 1,950 — — June 30, 2020 $ 21,000,000 $ 1,931 — — 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)	3 Months Ended
	Sep. 30, 2024
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 months ended September 30, 2024 and 2023. Three Months Ended September 30, 2024 2023 Net increase/(decrease) in net assets resulting from operations $ 258,463 $ (1,322,420) Weighted average common stock outstanding 8,776,773 2,404,057 Net increase/(decrease) in net assets resulting from operations per share $ 0.03 $ (0.55)
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 months ended September 30, 2024 and 2023. Three Months Ended September 30, 2024 2023 Net increase/(decrease) in net assets resulting from operations $ 258,463 $ (1,322,420) Weighted average common stock outstanding 8,776,773 2,404,057 Net increase/(decrease) in net assets resulting from operations per share $ 0.03 $ (0.55)

SUBSEQUENT EVENTS (Tables)

SUBSEQUENT EVENTS (Tables)	3 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Schedule of Dividends Payable	The distribution will be payable to stockholders of record as of the record date set forth below. Record Date Payment Date PFLOAT Class A Common Stock, per share October 25, 2024 November 1, 2024 $0.03048

NATURE OF OPERATIONS (Details)

NATURE OF OPERATIONS (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024	Sep. 13, 2023	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

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Investments in and Advances to Affiliates, Activity [Line Items]
Cash equivalents	$ 14,986,438		$ 9,988,444
Interest income	$ 2,165,210	$ 545,116
Qualifying assets	93.20%		94.23%
Fair value, investments, non-accrual status of total assets percentage	1.16%		1.96%
PIK interest income from non-control/non-affiliate investments	$ 69,280	21,994
Taxes payable	0
Non-Control/ Non-Affiliate Investments
Investments in and Advances to Affiliates, Activity [Line Items]
PIK interest income from non-control/non-affiliate investments	$ 69,279	21,994
Non-Control/ Non-Affiliate Investments | Previously Reported
Investments in and Advances to Affiliates, Activity [Line Items]
Interest income		$ 432,079

SHARE TRANSACTIONS - Common Sto

SHARE TRANSACTIONS - Common Stock Activity (Details) - USD ($)						3 Months Ended		12 Months Ended
	Sep. 23, 2024	May 14, 2024	Feb. 26, 2024	Nov. 09, 2023	Jul. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Class of Stock [Line Items]
Repurchase of common stock (in shares)	(47,845)	(21,698)	(23,273)	(21,112)	(19,963)	(47,845)		(86,046)
Shares issued						$ 10,000,000
Shares issued through reinvestment of distributions (Note 3)						618,760	$ 112,005
Repurchase of common stock						(223,438)	(121,569)
Net (decrease)/increase from capital transactions						$ 9,822,621	$ (1,587,038)
PFLOAT Class A Common Stock
Class of Stock [Line Items]
Shares issued (in shares)						2,096,436
Shares issued through reinvestment of distributions (in shares)						130,041	18,415
Repurchase of common stock (in shares)						(47,845)	(19,963)
Net (decrease)/increase from capital transactions (in shares)						2,178,632	(1,548)
Shares issued						$ 10,000,000
Shares issued through reinvestment of distributions (Note 3)						618,760	$ 112,005
Repurchase of common stock						(223,438)	(121,569)
Net (decrease)/increase from capital transactions						$ 10,395,322	$ (9,564)

SHARE TRANSACTIONS - Narrative

SHARE TRANSACTIONS - Narrative (Details) - USD ($) $ in Millions			3 Months Ended		12 Months Ended
	Jul. 01, 2024	Jun. 28, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Class of Stock [Line Items]
Sale of stock, number of shares (in shares)			0	0
Share repurchase threshold			10%
Share repurchase quarterly threshold			2.50%
Subscription Agreement
Class of Stock [Line Items]
Sale of stock		$ 10			$ 20
Sale of stock, number of shares (in shares)	2,096,436		2,096,436

SHARE TRANSACTIONS - Shares Rep

SHARE TRANSACTIONS - Shares Repurchased (Details) - USD ($)						3 Months Ended	12 Months Ended
	Sep. 23, 2024	May 14, 2024	Feb. 26, 2024	Nov. 09, 2023	Jul. 31, 2023	Sep. 30, 2024	Jun. 30, 2024
Equity [Abstract]
Shares Repurchased (in shares)	47,845	21,698	23,273	21,112	19,963	47,845	86,046
Percentage of Shares Tendered That Were Repurchased	15%	8%	8%	7%	7%
Repurchase Price Per Share (usd per share)	$ 4.67	$ 4.72	$ 4.82	$ 5.37	$ 6.09
Aggregate Consideration for Repurchased Shares	$ 223,438	$ 102,413	$ 112,179	$ 113,371	$ 121,569	$ 223,438	$ 449,532

RELATED PARTY TRANSACTIONS AN_3

RELATED PARTY TRANSACTIONS AND ARRANGEMENTS - Narrative (Details)					3 Months Ended
	May 13, 2024	Jan. 01, 2022	Nov. 05, 2021	Apr. 20, 2021	Sep. 30, 2024 USD ($) investment	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2024 USD ($)
Related Party Transaction [Line Items]
Administrator Costs (Note 4)					$ 175,000	$ 223,750
Due to Administrator (Note 4)					1,921,943			$ 1,766,942
Incentive fee payable					0			0
Income incentive fee (Note 13)					0	0
Related Party | Independent Directors
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction					0	0	$ 0
Administration Agreement - Banking Fees
Related Party Transaction [Line Items]
Administrator Costs (Note 4)					175,000	223,750
Related party transaction, amounts of transaction					10,000	8,750
Administration Agreement
Related Party Transaction [Line Items]
Accrued administrative fees					1,921,943			1,766,942
Voluntary fee waived					$ 289,161	$ 83,359
Period for waived fees					3 years
Investment Advisory Agreement
Related Party Transaction [Line Items]
Agreement term		2 years
Agreement extension period		1 year
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
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
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%
Dealer Manager Agreement | Related Party
Related Party Transaction [Line Items]
Servicing and distribution fee rate	0.848%
Dealer Manager Agreement | Related Party | Common Class S
Related Party Transaction [Line Items]
Servicing and distribution fee rate	0.85%
Dealer Manager Agreement | Related Party | Common Class D
Related Party Transaction [Line Items]
Servicing and distribution fee rate	0.25%

RELATED PARTY TRANSACTIONS AN_4

RELATED PARTY TRANSACTIONS AND ARRANGEMENTS - ELA Agreements (Details) - Expense Limitation and Expense Reimbursement Agreements - USD ($)		3 Months Ended														42 Months Ended
	Apr. 20, 2021	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	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	Sep. 30, 2024
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		$ 289,161	$ 184,993	$ 105,128	$ 74,073	$ 83,359	$ 99,018	$ 105,279	$ 105,950	$ 112,434	$ 118,220	$ 125,720	$ 184,999	$ 182,198	$ 144,073	$ 1,914,605
ELA Reimbursement Payment to the Adviser		0	0	0	0	0	0	0	0	0	0	0	0	0	0
Unreimbursed ELA Reimbursement		$ 289,161	$ 184,993	$ 105,128	$ 74,073	$ 83,359	$ 99,018	$ 105,279	$ 105,950	$ 112,434	$ 118,220	$ 125,720	$ 184,999	$ 182,198	$ 144,073	$ 1,914,605
Operating Expense Ratio		2.82%	2.75%	3.14%	5%	4.06%	2.79%	3.33%	3.30%	3.48%	3.52%	2.70%	3%	2.97%	4.04%
Annualized Distribution Rate		7.64%	7.57%	7.51%	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 ($)	1 Months Ended						3 Months Ended
	Sep. 30, 2024	Aug. 31, 2024	Jul. 31, 2024	Sep. 30, 2023	Aug. 31, 2023	Jul. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Equity [Abstract]
PFLOAT Class A Common Stock, per share (usd per share)	$ 0.03048	$ 0.03650	$ 0.02724	$ 0.04095	$ 0.03260	$ 0.03260
PFLOAT Class A Common Stock, Amount Distributed	$ 269,443	$ 322,325	$ 239,396	$ 98,612	$ 78,313	$ 78,129	$ 831,164	$ 255,054

DISTRIBUTIONS - Narrative (Deta

DISTRIBUTIONS - Narrative (Details) - USD ($) $ in Millions			3 Months Ended		12 Months Ended
	Jul. 01, 2024	Jun. 28, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Related Party Transaction [Line Items]
Sale of stock, number of shares (in shares)			0	0
Subscription Agreement
Related Party Transaction [Line Items]
Sale of stock, number of shares (in shares)	2,096,436		2,096,436
Sale of stock		$ 10			$ 20
Subscription Agreement | Common Class A
Related Party Transaction [Line Items]
Sale of stock			$ 10

INCOME TAXES - Schedule of Dist

INCOME TAXES - Schedule of Distributions (Details) - USD ($)	3 Months Ended		11 Months Ended	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 13, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Ordinary income			$ 0	$ 1,195,912
Return of capital	$ 33,756	$ 255,054	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 ($)	11 Months Ended	12 Months Ended
	Dec. 13, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Income Taxes [Line Items]
Distributable loss		$ 9,906,072		$ 12,926,835	$ 12,387,890
Tax reclassification of net assets		(327,082)
Cost basis of investments for tax purposes				86,573,163	61,391,979
Unrealized appreciation (depreciation), net				(2,361,880)	(1,936,968)
Tax basis of investments, gross, unrealized appreciation				938,376	892,350
Tax basis of investments, gross, unrealized depreciation				$ 3,300,256	$ 2,829,318
Capital loss carryforward			$ 4,290,347			$ 6,570,844
Retained earnings
Income Taxes [Line Items]
Tax reclassification of net assets	$ 497,760		155,829
Paid-in Capital in Excess of Par
Income Taxes [Line Items]
Tax reclassification of net assets	$ (497,760)		$ (155,829)
Previously Reported
Income Taxes [Line Items]
Distributable loss		$ 10,233,154

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Net Increase in Net Assets Resulting from Operations to Taxable Income (Details) - USD ($)	3 Months Ended		11 Months Ended	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 13, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Net increase (decrease) in net assets resulting from operations	$ 258,463	$ (1,322,420)	$ (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			(260,786)	27,795
Permanent differences			(8,210)	155,829
Taxable income (loss) before deductions for distributions			$ (505,970)	$ 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)	$ (4,290,347)

INVESTMENT PORTFOLIO - Narrativ

INVESTMENT PORTFOLIO - Narrative (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Jun. 30, 2024
Schedule of Investments [Line Items]
Investments at Fair Value	$ 84,211,283	[1]		$ 59,455,010	[2]
Cost	86,953,269	[3]		$ 62,547,890	[4]
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	32,865,621		$ 21,994
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	1,940,341		997,560
Debt Repayments and Considerations - Excluding Noncash Restructured Investments
Schedule of Investments [Line Items]
Debt repayments and considerations from sales of equity securities	7,712,639		3,641,054
Debt Repayments and Considerations - Including Noncash Restructured Investments
Schedule of Investments [Line Items]
Debt repayments and considerations from sales of equity securities	$ 9,652,980		$ 4,638,614
Interest at Floating Rates
Schedule of Investments [Line Items]
Investment, fair value	99%			99%
Investments at Fair Value	$ 83,158,992			$ 58,611,709
Investment, amortized cost	98%			97%
Cost	$ 84,903,064			$ 60,779,947
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]Fair value is determined by the Company’s Board of Directors (see Note 2).[3]See Note 6 for a discussion of the tax cost of the portfolio.[4]See Note 6 for a discussion of the tax cost of the portfolio.

INVESTMENT PORTFOLIO - Investme

INVESTMENT PORTFOLIO - Investment Portfolio by Type (Details) - USD ($)	Sep. 30, 2024		Jun. 30, 2024
Schedule of Investments [Line Items]
Amortized Cost	$ 86,953,269	[1]	$ 62,547,890	[2]
Investments at Fair Value	$ 84,211,283	[3]	$ 59,455,010	[4]
Fair Value Percentage of Total Portfolio	204.96%		190.18%
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	$ 80,296,521		$ 55,535,790
Investments at Fair Value	$ 79,012,737		$ 54,095,336
Fair Value Percentage of Total Portfolio	94%		91%
Senior Secured Loans-Second Lien
Schedule of Investments [Line Items]
Amortized Cost	$ 1,811,837		$ 1,800,331
Investments at Fair Value	$ 1,594,778		$ 1,559,701
Fair Value Percentage of Total Portfolio	2%		3%
Structured Subordinated Notes
Schedule of Investments [Line Items]
Amortized Cost	$ 2,794,706		$ 3,443,826
Investments at Fair Value	$ 2,551,477		$ 2,956,672
Fair Value Percentage of Total Portfolio	3%		5%
Common Equity/Other
Schedule of Investments [Line Items]
Amortized Cost	$ 2,000,205		$ 1,717,943
Investments at Fair Value	$ 952,222		$ 743,301
Fair Value Percentage of Total Portfolio	1%		1%
Preferred Equity
Schedule of Investments [Line Items]
Amortized Cost	$ 50,000		$ 50,000
Investments at Fair Value	$ 100,069		$ 100,000
Fair Value Percentage of Total Portfolio	0%		0%
[1]See Note 6 for a discussion of the tax cost of the portfolio.[2]See Note 6 for a discussion of the tax cost of the portfolio.[3]Fair value is determined by the Company’s Board of Directors (see Note 2).[4]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 ($)	Sep. 30, 2024		Jun. 30, 2024
Schedule of Investments [Line Items]
Investments at Fair Value	$ 84,211,283	[1]	$ 59,455,010	[2]
Percentage of Portfolio	204.96%		190.18%
Aggregate Sectors
Schedule of Investments [Line Items]
Percentage of Portfolio	100%		100%
Healthcare & Pharmaceuticals
Schedule of Investments [Line Items]
Investments at Fair Value	$ 24,020,866		$ 19,061,883
Percentage of Portfolio	29%		32%
Automotive
Schedule of Investments [Line Items]
Investments at Fair Value	$ 8,742,860		$ 5,943,941
Percentage of Portfolio	10%		10%
Services: Business
Schedule of Investments [Line Items]
Investments at Fair Value	$ 8,110,125		$ 4,286,146
Percentage of Portfolio	10%		7%
Telecommunications
Schedule of Investments [Line Items]
Investments at Fair Value	$ 7,572,698		$ 3,031,539
Percentage of Portfolio	9%		5%
Services: Consumer
Schedule of Investments [Line Items]
Investments at Fair Value	$ 5,304,543		$ 5,470,250
Percentage of Portfolio	6%		9%
High Tech Industries
Schedule of Investments [Line Items]
Investments at Fair Value	$ 4,967,209		$ 2,985,077
Percentage of Portfolio	6%		5%
Beverage, Food & Tobacco
Schedule of Investments [Line Items]
Investments at Fair Value	$ 4,789,914		$ 2,876,123
Percentage of Portfolio	6%		5%
Hotel, Gaming & Leisure
Schedule of Investments [Line Items]
Investments at Fair Value	$ 4,272,636		$ 4,806,257
Percentage of Portfolio	5%		8%
Media: Broadcasting & Subscription
Schedule of Investments [Line Items]
Investments at Fair Value	$ 3,442,447		$ 3,451,274
Percentage of Portfolio	4%		6%
Consumer Goods: Durable
Schedule of Investments [Line Items]
Investments at Fair Value	$ 3,000,000
Percentage of Portfolio	4%
Wholesale
Schedule of Investments [Line Items]
Investments at Fair Value	$ 2,983,571
Percentage of Portfolio	3%
Banking
Schedule of Investments [Line Items]
Investments at Fair Value	$ 2,851,571		$ 2,991,303
Percentage of Portfolio	3%		5%
Structured Finance
Schedule of Investments [Line Items]
Investments at Fair Value	$ 2,551,476		$ 2,956,672
Percentage of Portfolio	3%		5%
Media: Diversified and Production
Schedule of Investments [Line Items]
Investments at Fair Value	$ 1,594,778		$ 1,559,701
Percentage of Portfolio	2%		3%
Retail
Schedule of Investments [Line Items]
Investments at Fair Value	$ 6,264		$ 6,469
Percentage of Portfolio	0%		0%
Consumer goods: Non-Durable
Schedule of Investments [Line Items]
Investments at Fair Value	$ 325		$ 28,375
Percentage of Portfolio	0%		0%
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]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 ($)	Sep. 30, 2024		Jun. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	$ 84,211,283	[1]	$ 59,455,010	[2]
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	26,043,752		17,954,361
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	58,167,531		41,500,649
Senior Secured Loans-First Lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	79,012,737		54,095,336
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	26,043,752		17,954,361
Senior Secured Loans-First Lien | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	52,968,985		36,140,975
Senior Secured Loans-Second Lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	1,594,778		1,559,701
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	1,594,778		1,559,701
Structured Subordinated Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	2,551,477		2,956,672
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	2,551,477		2,956,672
Common Equity/Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	952,222		743,301
Common Equity/Other | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Common Equity/Other | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Common Equity/Other | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	952,222		743,301
Preferred Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	100,069		100,000
Preferred Equity | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Preferred Equity | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	0		0
Preferred Equity | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments at Fair Value	$ 100,069		$ 100,000
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]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			12 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Jun. 30, 2024
Schedule of Investments [Line Items]
Cost	$ 86,953,269	[1]		$ 62,547,890	[2]
Investments at Fair Value	84,211,283	[3]		59,455,010	[4]
Structuring fees	102,705		$ 0
Accelerated original issue discounts due to repayments	163,111		0
Early repayment income, interest income	0		$ 0
Texas
Schedule of Investments [Line Items]
Cost	9,837,052			9,880,107
Investments at Fair Value	9,623,195			9,620,581
NEW JERSEY
Schedule of Investments [Line Items]
Cost	8,058,777			8,092,657
Investments at Fair Value	$ 8,044,724			$ 8,124,920
Investments at Fair Value | Geographic Concentration Risk | Texas
Schedule of Investments [Line Items]
Percentage of total assets at fair value	11.40%			16.20%
Investments at Fair Value | Geographic Concentration Risk | NEW JERSEY
Schedule of Investments [Line Items]
Percentage of total assets at fair value	9.60%			13.70%
[1]See Note 6 for a discussion of the tax cost of the portfolio.[2]See Note 6 for a discussion of the tax cost of the portfolio.[3]Fair value is determined by the Company’s Board of Directors (see Note 2).[4]Fair value is determined by the Company’s Board of Directors (see Note 2).

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 ($)	Sep. 30, 2024		Jun. 30, 2024
Concentration Risk [Line Items]
Cost	$ 86,953,269	[1]	$ 62,547,890	[2]
Fair Value	84,211,283	[3]	59,455,010	[4]
Healthcare & Pharmaceuticals
Concentration Risk [Line Items]
Cost	24,489,174		19,518,610
Fair Value	$ 24,020,866		$ 19,061,883
Healthcare & Pharmaceuticals | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	29%		32%
Automotive
Concentration Risk [Line Items]
Cost	$ 8,750,600
Fair Value	$ 8,742,860
Automotive | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	10%
Services: Business
Concentration Risk [Line Items]
Cost	$ 8,228,467
Fair Value	$ 8,110,125		$ 4,286,146
Services: Business | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	10%
All Other Industries
Concentration Risk [Line Items]
Cost	$ 45,485,028		43,029,280
Fair Value	$ 43,337,432		$ 40,393,127
All Other Industries | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	51%		68%
Total | Investments at Fair Value | Industry Concentration Risk
Concentration Risk [Line Items]
% of Portfolio	100%		100%
[1]See Note 6 for a discussion of the tax cost of the portfolio.[2]See Note 6 for a discussion of the tax cost of the portfolio.[3]Fair value is determined by the Company’s Board of Directors (see Note 2).[4]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)	3 Months Ended
	Sep. 30, 2024 USD ($) loan	Sep. 30, 2023 USD ($) investment loan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Number of lien loans transferred out of Level 3 to Level 2 | loan	0	1
Number of lien loans transferred out of Level 2 to Level 3	0	0
Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	$ 41,500,649	$ 19,785,715
Net realized and unrealized gains (losses) on investments	(196,791)	(1,396,440)
Purchases of investments	22,020,886
Restructuring of investments	0	327,680
Payment-in-kind interest	69,279	21,994
Accretion (amortization) of purchase discount and premium, net	154,217	(2,469)
Net Reductions to Subordinated Structured Notes and related investment cost	(171,973)	(167,968)
Repayments and sales of portfolio investments	(5,208,736)	(2,372,308)
Transfers into Level 3	0	0
Transfers out of Level 3	0	(710,099)
Fair value, ending balance	58,167,531	15,486,105
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	171,331	(1,383,946)
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	(774,227)	(82,766)
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	577,436	(1,313,674)
Senior Secured Loans-First Lien
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	36,140,975	13,232,914
Net realized and unrealized gains (losses) on investments	383,209	(316,928)
Purchases of investments	22,020,886
Restructuring of investments	(579,338)	(669,880)
Payment-in-kind interest	50,241	0
Accretion (amortization) of purchase discount and premium, net	161,748	645
Net Reductions to Subordinated Structured Notes and related investment cost		0
Repayments and sales of portfolio investments	(5,208,736)	(2,372,308)
Transfers into Level 3	0	0
Transfers out of Level 3	0	(710,099)
Fair value, ending balance	52,968,985	9,164,344
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	(22,896)	(304,434)
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	0	(82,766)
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	383,209	(234,162)
Senior Secured Loans-Second Lien
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	1,559,701	1,416,049
Net realized and unrealized gains (losses) on investments	23,570	(57,046)
Purchases of investments
Restructuring of investments	0	0
Payment-in-kind interest	19,038	21,994
Accretion (amortization) of purchase discount and premium, net	(7,531)	(2,997)
Net Reductions to Subordinated Structured Notes and related investment cost		0
Repayments and sales of portfolio investments	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair value, ending balance	1,594,778	1,378,000
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	23,570	(57,046)
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	23,570	(57,046)
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		18,370
Restructuring of investments		0
Payment-in-kind interest		0
Accretion (amortization) of purchase discount and premium, net		(117)
Net Reductions to Subordinated Structured Notes and related investment cost		0
Repayments and sales of portfolio investments		0
Transfers into Level 3		0
Transfers out of Level 3		0
Fair value, ending balance		290,152
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period		18,370
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		18,370
Structured Subordinated Notes
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	2,956,672	4,386,757
Net realized and unrealized gains (losses) on investments	(233,222)	(185,499)
Purchases of investments
Restructuring of investments		0
Payment-in-kind interest		0
Accretion (amortization) of purchase discount and premium, net		0
Net Reductions to Subordinated Structured Notes and related investment cost	(171,973)	(167,968)
Repayments and sales of portfolio investments		0
Transfers into Level 3		0
Transfers out of Level 3		0
Fair value, ending balance	2,551,477	4,033,290
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	243,929	(185,499)
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	(477,151)	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	243,929	(185,499)
Preferred Equity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	100,000
Net realized and unrealized gains (losses) on investments	69
Purchases of investments	0
Restructuring of investments
Payment-in-kind interest
Accretion (amortization) of purchase discount and premium, net
Net Reductions to Subordinated Structured Notes and related investment cost
Repayments and sales of portfolio investments	0
Transfers into Level 3
Transfers out of Level 3
Fair value, ending balance	100,069
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	69
Preferred Equity | 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
Preferred Equity | 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	69
Common Equity/Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	743,301
Net realized and unrealized gains (losses) on investments	(370,417)
Purchases of investments	0
Restructuring of investments	579,338
Payment-in-kind interest
Accretion (amortization) of purchase discount and premium, net
Net Reductions to Subordinated Structured Notes and related investment cost
Repayments and sales of portfolio investments	0
Transfers into Level 3
Transfers out of Level 3
Fair value, ending balance	952,222
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period	(73,341)
Common 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	(297,076)
Common 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	$ (73,341)
Equity/Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance		478,096
Net realized and unrealized gains (losses) on investments		(855,337)
Restructuring of investments		997,560
Payment-in-kind interest		0
Accretion (amortization) of purchase discount and premium, net		0
Net Reductions to Subordinated Structured Notes and related investment cost		0
Repayments and sales of portfolio investments		0
Transfers into Level 3		0
Transfers out of Level 3		0
Fair value, ending balance		620,319
Net change in unrealized gains (losses) attributable to Level 3 investments still held at the end of the period		(855,337)
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
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		$ (855,337)

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable Inputs Used in Fair Value Measurement of Level 3 Investments (Details)	Sep. 30, 2024 USD ($)		Jun. 30, 2024 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 84,211,283	[1]	$ 59,455,010	[2]
Senior Secured Second Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,594,778		1,559,701
Common Equity/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	952,222		743,301
Preferred Equity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	100,069		100,000
Structured Subordinated Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	2,551,477		2,956,672
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	58,167,531		41,500,649
Level 3 | Senior Secured First Lien Debt | Enterprise Value Waterfall (Market Approach)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 317,682		$ 1,925,302
Level 3 | Senior Secured First Lien Debt | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	7		4.50
Level 3 | Senior Secured First Lien Debt | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	8.50		7.50
Level 3 | Senior Secured First Lien Debt | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	7.75		5.33
Level 3 | Senior Secured First Lien Debt | Discounted Cash Flow (Yield Analysis)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 52,651,303		$ 34,215,673
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	0.0792		0.0872
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	0.2168		0.2754
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	0.1068		0.1246
Level 3 | Senior Secured Second Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,594,778		$ 1,559,701
Level 3 | Senior Secured Second Lien Debt | Discounted Cash Flow (Yield Analysis)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,594,778		$ 1,559,701
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	0.1351		0.1560
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	0.1561		0.1810
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	0.1456		0.168
Level 3 | Common Equity/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 952,222		$ 743,301
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 951,897		$ 714,926
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	4.75		4.75
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	9		9
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	8.21		8.26
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Revenue multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 325		$ 28,375
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.15		0.40
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.16		0.70
Level 3 | Common Equity/Other | Enterprise Value Waterfall (Market Approach) | Revenue multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.16		0.55
Level 3 | Preferred Equity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 100,069		$ 100,000
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 100,069		$ 100,000
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	6		6
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	7		7
Level 3 | Preferred Equity | Enterprise Value Waterfall (Market Approach) | EBITDA multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	6.50		6.50
Level 3 | Structured Subordinated Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 2,551,477		$ 2,956,672
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 2,551,477		$ 2,956,672
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis) | Discount rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.0565		0.0613
Level 3 | Structured Subordinated Notes | Discounted Cash Flow (Yield Analysis) | Discount rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable Inputs	0.1557		0.2109
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	0.0769		0.1297
[1]Fair value is determined by the Company’s Board of Directors (see Note 2).[2]Fair value is determined by the Company’s Board of Directors (see Note 2).

FAIR VALUE OF FINANCIAL INSTR_8

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Instruments Disclosed, But Not Carried at Fair Value (Details) - USD ($)	Sep. 30, 2024	Jun. 30, 2024
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Lines of credit, fair value	$ 39,600,000	$ 27,800,000
Reported Value Measurement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Lines of credit, fair value	39,600,000	27,800,000
Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Lines of credit, fair value	0	0
Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Lines of credit, fair value	0	0
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Lines of credit, fair value	$ 39,600,000	$ 27,800,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - Revolving Credit Facility - Credit Facility - USD ($)	3 Months Ended
	Sep. 30, 2024	Aug. 28, 2024	Jun. 30, 2024
Line of Credit Facility [Line Items]
Commitment fee percentage	0.50%
Remaining borrowing capacity	$ 656,566		$ 0
Collateralized financings	$ 0	$ 656,566	$ 0

REVOLVING CREDIT FACILITIES (De

REVOLVING CREDIT FACILITIES (Details) - USD ($)				2 Months Ended	3 Months Ended		6 Months Ended			12 Months Ended		15 Months Ended
	May 01, 2023	Apr. 30, 2023	May 16, 2019	Oct. 25, 2023	Sep. 30, 2024	Sep. 30, 2023	Nov. 15, 2021	May 14, 2021	Nov. 15, 2020	Jun. 30, 2024	Aug. 25, 2023	Aug. 25, 2022	Aug. 28, 2024	Feb. 02, 2024	Feb. 01, 2024	Jan. 30, 2024	Jan. 29, 2024
Line of Credit Facility [Line Items]
Monthly payments	$ 2,000,000	$ 4,000,000
Credit facility outstanding balance					$ 39,600,000					$ 27,800,000
Interest expense					804,388	$ 290,213
Loss on extinguishment of debt					$ 0	(66,844)
Asset coverage ratio					204%					213%
Lines of credit, fair value					$ 39,600,000					$ 27,800,000
Debt financing costs					825,031					910,312
Level 3
Line of Credit Facility [Line Items]
Lines of credit, fair value					39,600,000					$ 27,800,000
Investments Held Benchmark | Product Concentration Risk | Net Assets
Line of Credit Facility [Line Items]
Percentage of total assets at fair value										100%
Revolving Credit Facility | Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 50,000,000
Interest expense					0	230,022
Loss on extinguishment of debt					0	(66,844)
Collateralized financings					$ 0					$ 0			$ 656,566
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%
Revolving Credit Facility | Credit Facility | SOFR
Line of Credit Facility [Line Items]
Basis spread				1.55%							2.20%
Senior Secured Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Asset coverage ratio					150%
Senior Secured Revolving Credit Facility | Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 20,000,000									$ 75,000,000	$ 65,000,000	$ 65,000,000	$ 20,000,000
Credit facility outstanding balance					39,600,000
Interest expense					804,388	$ 60,191
Additional amount					150,000,000
Swingline maximum outstanding amount					$ 5,000,000
Stated rate					2.50%
Commitment fee					0.375%
Collateralized financings					$ 84,211,283
Cash collateral					4,759,351
Debt issuance costs, gross					1,205,721
Debt financing costs					$ 825,031
Average stated interest rate					7.98%	750%
Average outstanding balance					$ 31,603,297	$ 6,409,677
Senior Secured Revolving Credit Facility | Credit Facility | Level 3
Line of Credit Facility [Line Items]
Lines of credit, fair value					$ 39,600,000
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		12 Months Ended
	Jun. 28, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Investment Company, Financial Highlights [Roll Forward]
Net asset value, beginning balance (in dollars per share)		$ 4.69	$ 6.10	$ 6.10	$ 7.03		$ 8.36	$ 8.28	$ 9.88
Net investment income (loss) (in dollars per share)		0.07	(0.09)	(0.06)	0.20		0.31	(0.08)	0.24
Net realized and unrealized (losses) on investments (in dollars per share)		(0.04)	(0.43)	(0.55)	(0.65)		(1.05)	0.82	(1.22)
Net realized (losses) on extinguishment of debt (in dollars per share)		0	(0.03)	(0.02)	0		0	0	0
Net increase/(decrease) in net assets resulting from operations (in dollars per share)		0.03	(0.55)	(0.63)	(0.45)		(0.74)	0.74	(0.98)
Distributions
Return of capital distributions (in dollars per share)		0	(0.11)	(0.22)	(0.28)		(0.16)	(0.46)	(0.57)
Distributions from net investment income (in dollars per share)		(0.09)	0	(0.17)	(0.20)		(0.43)	(0.19)	(0.15)
Total Distributions (in dollars per share)		(0.09)	(0.11)	(0.39)	(0.48)		(0.59)	(0.65)	(0.72)
Offering costs (in dollars per share)		0	0	0	0		0	0	0
Other (in dollars per share)		0.02	0	(0.39)	0		0	(0.01)	0.10
Net asset value, ending balance (in dollars per share)		$ 4.65	$ 5.44	$ 4.69	$ 6.10		$ 7.03	$ 8.36	$ 8.28
Total return based on net asset value		1.13%	(9.26%)	(17.39%)	(6.67%)		(9.60%)	9.03%	(10.13%)
Ratios/Supplemental Data
Net assets at end of year		$ 41,086,181	$ 13,106,824	$ 31,263,560	$ 14,693,862	[1]	$ 16,700,975	$ 19,947,807	$ 19,558,400
Average net assets		$ 36,174,873	$ 13,900,344	$ 18,543,454	$ 15,303,274		$ 18,912,658	$ 20,055,524	$ 21,234,189
Weighted average shares outstanding - Basic (in shares)		8,776,773	2,404,057	3,787,892	2,383,649		2,380,229	2,377,461	2,366,005
Weighted average shares outstanding - Diluted (in shares)		8,776,773	2,404,057	3,787,892	2,383,649		2,380,229	2,377,461	2,366,005
Ratio to average net assets:
Total annual expenses		20.12%	24.48%	19.86%	21.06%		15.70%	20.07%	16.41%
Total annual expenses (after expense support agreement/expense limitation agreement)		16.93%	22.09%	17.45%	18.30%		12.47%	18.44%	13.07%
Net investment income (loss)		7.01%	(6.40%)	(1.16%)	3.20%		3.95%	(0.93%)	2.67%
Portfolio Turnover		10.74%	0%	26.67%	0%		35.34%	17.83%	24.56%
Asset coverage ratio		204%		213%
Subscription Agreement
Ratio to average net assets:
Sale of stock	$ 10,000,000			$ 20,000,000
[1] (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.

NET INCREASE (DECREASE) IN NE_3

NET INCREASE (DECREASE) IN NET ASSETS PER SHARE (Details) - USD ($)		3 Months Ended		12 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net increase/(decrease) in net assets resulting from operations		$ 258,463	$ (1,322,420)
Weighted average shares of common stock outstanding - basic (in shares)		8,776,773	2,404,057	3,787,892	2,383,649	2,380,229	2,377,461	2,366,005
Weighted average shares of common stock outstanding - diluted (in shares)		8,776,773	2,404,057	3,787,892	2,383,649	2,380,229	2,377,461	2,366,005
Net increase/(decrease) in net assets resulting from operations per share - basic (in dollars per share)	[1]	$ 0.03	$ (0.55)
Net increase/(decrease) in net assets resulting from operations per share - diluted (in dollars per share)	[1]	$ 0.03	$ (0.55)
[1] For the three months ended September 30, 2024 and 2023, the weighted average Class A common stock outstanding was 8,776,773 and 2,404,057, respectively.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)

1 Months Ended

3 Months Ended

13 Months Ended

Nov. 01, 2024

Sep. 30, 2024

Aug. 31, 2024

Jul. 31, 2024

Sep. 30, 2023

Aug. 31, 2023

Jul. 31, 2023

Sep. 30, 2024

Jun. 30, 2024

Sep. 30, 2023

Nov. 14, 2024

Oct. 25, 2024

Subsequent Event [Line Items]

Shares issued through reinvestment of distributions (Note 3)

$ 618,760

$ 112,005

Cash retained through distribution reinvestment plan

$ 468,733

PFLOAT Class A Common Stock, per share (usd per share)

$ 0.03048

$ 0.03650

$ 0.02724

$ 0.04095

$ 0.03260

$ 0.03260

Common Class A

Subsequent Event [Line Items]

Shares issued through reinvestment of distributions (in shares)

130,041

18,415

Shares issued through reinvestment of distributions (Note 3)

$ 618,760

$ 112,005

Subsequent Event

Subsequent Event [Line Items]

Targeted annualized distribution rate

8.50%

Weekly cash dividend paid (usd per share)

$ 0.00762

PFLOAT Class A Common Stock, per share (usd per share)

$ 0.03048

Subsequent Event | Common Class A

Subsequent Event [Line Items]

Common stock shares sold

2,237

Gross proceeds from shares sold

$ 10,400

Shares issued through reinvestment of distributions (in shares)

98,259

Shares issued through reinvestment of distributions (Note 3)

$ 457,882