v3.25.2
CONSOLIDATED SCHEDULES OF INVESTMENTS (Parenthetical) - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Schedule of Investments [Line Items]    
Non-qualifying assets as a percentage of total assets 4.00% 6.00%
Fair Value $ 85,016,596 [1] $ 59,455,010 [2]
% of Net Assets 212.60% 190.18%
Amortized Cost $ 88,404,806 [3] $ 62,547,890 [4]
QC Holdings, LLC    
Schedule of Investments [Line Items]    
Percentage of fully diluted ownership 95.40%  
Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value $ 77,495,655  
Amortized Cost 79,543,576  
Senior Secured Loans-Second Lien    
Schedule of Investments [Line Items]    
Fair Value 4,249,570  
Amortized Cost 4,339,325  
Structured Subordinated notes    
Schedule of Investments [Line Items]    
Fair Value 709,261  
Amortized Cost 864,921  
Equity    
Schedule of Investments [Line Items]    
Fair Value [5] 2,562,110  
Amortized Cost [5] 3,656,984  
Healthcare & Pharmaceuticals    
Schedule of Investments [Line Items]    
Fair Value $ 22,902,129 $ 19,061,883
% of Net Assets 27.00% 32.00%
Amortized Cost $ 22,729,225 $ 19,518,610
Healthcare & Pharmaceuticals | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 20,744,332  
Amortized Cost 20,750,089  
Healthcare & Pharmaceuticals | Equity    
Schedule of Investments [Line Items]    
Fair Value [5] 2,157,797  
Amortized Cost [5] 1,979,136  
Automotive    
Schedule of Investments [Line Items]    
Fair Value 8,145,766  
Amortized Cost 8,691,552  
Automotive | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 8,145,766  
Amortized Cost 8,691,552  
Telecommunications    
Schedule of Investments [Line Items]    
Fair Value 7,355,550  
Amortized Cost 8,197,147  
Telecommunications | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 7,355,550  
Amortized Cost 8,197,147  
Consumer Goods: Non-Durable    
Schedule of Investments [Line Items]    
Fair Value $ 5,069,461 $ 28,375
% of Net Assets 6.00% 0.00%
Amortized Cost $ 5,975,572  
Consumer Goods: Non-Durable | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 4,979,017  
Amortized Cost 4,928,012  
Consumer Goods: Non-Durable | Equity    
Schedule of Investments [Line Items]    
Fair Value [5] 90,444  
Amortized Cost [5] 1,047,560  
Beverage, Food & Tobacco    
Schedule of Investments [Line Items]    
Fair Value $ 4,954,278 $ 2,876,123
% of Net Assets 6.00% 5.00%
Amortized Cost $ 4,820,318  
Beverage, Food & Tobacco | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 4,954,278  
Amortized Cost 4,820,318  
High Tech Industries    
Schedule of Investments [Line Items]    
Fair Value 4,915,366  
Amortized Cost 4,867,983  
High Tech Industries | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 4,915,366  
Amortized Cost 4,867,983  
Services: Consumer    
Schedule of Investments [Line Items]    
Fair Value $ 4,655,664 $ 5,470,250
% of Net Assets 5.00% 9.00%
Amortized Cost $ 5,340,440  
Services: Consumer | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 4,580,513  
Amortized Cost 5,290,440  
Services: Consumer | Equity    
Schedule of Investments [Line Items]    
Fair Value [5] 75,151  
Amortized Cost [5] 50,000  
Transportation: Cargo    
Schedule of Investments [Line Items]    
Fair Value 4,466,250  
Amortized Cost 4,386,823  
Transportation: Cargo | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 4,466,250  
Amortized Cost 4,386,823  
Services: Business    
Schedule of Investments [Line Items]    
Fair Value $ 4,184,835 $ 4,286,146
% of Net Assets 5.00% 7.00%
Amortized Cost $ 4,492,864  
Services: Business | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 4,046,117  
Amortized Cost 4,210,602  
Services: Business | Equity    
Schedule of Investments [Line Items]    
Fair Value [5] 138,718  
Amortized Cost [5] 282,262  
Consumer Goods: Durable    
Schedule of Investments [Line Items]    
Fair Value $ 4,296,202  
% of Net Assets 5.00%  
Amortized Cost $ 4,222,652  
Consumer Goods: Durable | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 4,296,202  
Amortized Cost 4,222,652  
Media: Advertising, Printing & Publishing    
Schedule of Investments [Line Items]    
Fair Value 3,413,576  
Amortized Cost 3,293,835  
Media: Advertising, Printing & Publishing | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 3,413,576  
Amortized Cost 3,293,835  
Wholesale    
Schedule of Investments [Line Items]    
Fair Value $ 2,916,144  
% of Net Assets 3.00%  
Amortized Cost $ 2,957,298  
Wholesale | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 2,916,144  
Amortized Cost 2,957,298  
Banking    
Schedule of Investments [Line Items]    
Fair Value $ 2,682,544 $ 2,991,303
% of Net Assets 3.00% 5.00%
Amortized Cost $ 2,926,825  
Banking | Senior Secured Loans-First Lien    
Schedule of Investments [Line Items]    
Fair Value 2,682,544  
Amortized Cost 2,926,825  
Finance    
Schedule of Investments [Line Items]    
Fair Value $ 2,600,000  
% of Net Assets 3.00%  
Amortized Cost $ 2,600,000  
Finance | Senior Secured Loans-Second Lien    
Schedule of Investments [Line Items]    
Fair Value 2,500,000  
Amortized Cost 2,500,000  
Finance | Equity    
Schedule of Investments [Line Items]    
Fair Value [5] 100,000  
Amortized Cost [5] 100,000  
Media: Diversified and Production    
Schedule of Investments [Line Items]    
Fair Value $ 1,749,570 $ 1,559,701
% of Net Assets 2.00% 3.00%
Amortized Cost $ 1,839,325  
Media: Diversified and Production | Senior Secured Loans-Second Lien    
Schedule of Investments [Line Items]    
Fair Value 1,749,570  
Amortized Cost 1,839,325  
Structured Finance    
Schedule of Investments [Line Items]    
Fair Value $ 709,261 [6] $ 2,956,672
% of Net Assets 1.00% 5.00%
Amortized Cost $ 864,921  
Structured Finance | Structured Subordinated notes    
Schedule of Investments [Line Items]    
Fair Value [6] 709,261  
Amortized Cost 864,921  
Retail    
Schedule of Investments [Line Items]    
Fair Value   $ 6,469
% of Net Assets   0.00%
Amortized Cost 198,026  
Retail | Equity    
Schedule of Investments [Line Items]    
Amortized Cost [5] $ 198,026  
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%
Investment, Interest Rate, Paid as Cash   0.00%
Investment, Interest Rate, Paid in Kind   4.09%
Investment, Identifier [Axis]: Aventiv Technologies, LLC - Second Out Super Priority First Lien Term Loan    
Schedule of Investments [Line Items]    
Investment, Interest Rate, Paid in Kind Capitalized [7] 12.06%  
Investment, Interest Rate, Paid as Cash [7] 0.00%  
Investment, Interest Rate, Paid in Kind [7] 12.06%  
Investment, Identifier [Axis]: Aventiv Technologies, LLC - Third Out Super Priority First Lien Term Loan    
Schedule of Investments [Line Items]    
Investment, Interest Rate, Paid in Kind Capitalized [7] 9.65%  
Investment, Interest Rate, Paid as Cash [7] 0.00%  
Investment, Interest Rate, Paid in Kind [7] 9.65%  
Investment, Identifier [Axis]: Aventiv Technologies, LLC 2    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost) $ 12,629  
Investment, Identifier [Axis]: Aventiv Technologies, LLC, Second Out Super Priority First Lien Term Loan    
Schedule of Investments [Line Items]    
Fair Value 84,422,000  
Investment, Identifier [Axis]: Aventiv Technologies, LLC, Third Out Super Priority First Lien Term Loan    
Schedule of Investments [Line Items]    
Fair Value 2,287,376,000  
Investment, Identifier [Axis]: BCPE North Star US Holdco 2, Inc    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost) 4,048,942 $ 1,945,000
Investment, Identifier [Axis]: CareerBuilder, LLC    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost) 690,000 $ 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%
Investment, Interest Rate, Paid as Cash   0.00%
Investment, Interest Rate, Paid in Kind [8]   4.25%
Investment, Identifier [Axis]: Common Equity, Other - ACON IWP Investors I, L.L.C.    
Schedule of Investments [Line Items]    
Fair Value $ 617,500 [1],[9],[10],[11],[12] $ 659,500 [2],[13],[14],[15],[16],[17]
% of Net Assets 1.54% [9],[10],[11],[12] 2.11% [13],[14],[15],[16],[17]
Amortized Cost $ 472,357 [3],[9],[10],[11],[12] $ 472,357 [4],[13],[14],[15],[16],[17]
Investment, Identifier [Axis]: Common Equity, Other - AP Special Sits Camaro Holdings, LLC    
Schedule of Investments [Line Items]    
Fair Value [1],[9],[10],[11],[12],[18] $ 0  
% of Net Assets [9],[10],[11],[12],[18] 0.00%  
Amortized Cost [3],[9],[10],[11],[12],[18] $ 0  
Investment, Identifier [Axis]: Common Equity, Other - FullBeauty Brands Holding, Common Stock    
Schedule of Investments [Line Items]    
Fair Value $ 0 [1],[9],[10],[11],[12] $ 6,469 [2],[13],[14],[15],[16],[17]
% of Net Assets 0.00% [9],[10],[11],[12] 0.02% [13],[14],[15],[16],[17]
Amortized Cost $ 198,026 [3],[9],[10],[11],[12] $ 198,026 [4],[13],[14],[15],[16],[17]
Investment, Identifier [Axis]: Common Equity, Other - New WPCC Parent, LLC (Class A Common Stock)    
Schedule of Investments [Line Items]    
Fair Value [1],[9],[10],[11],[12],[19] $ 142,240  
% of Net Assets [9],[10],[11],[12],[19] 0.35%  
Amortized Cost [3],[9],[10],[11],[12],[19] $ 93,822  
Investment, Identifier [Axis]: Common Equity, Other - QC Holdings Topco, LLC    
Schedule of Investments [Line Items]    
Fair Value [1],[9],[10],[11],[12],[20] $ 100,000  
% of Net Assets [9],[10],[11],[12],[20] 0.25%  
Amortized Cost [3],[9],[10],[11],[12],[20] $ 100,000  
Investment, Identifier [Axis]: Common Equity, Other - Recovery Solutions Parent, LLC, Membership Interest    
Schedule of Investments [Line Items]    
Fair Value [1],[9],[10],[11],[12] $ 987,491  
% of Net Assets [9],[10],[11],[12] 2.47%  
Amortized Cost [3],[9],[10],[11],[12] $ 1,085,835  
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 [1],[9],[10],[11],[12] $ 138,718  
% of Net Assets [9],[10],[11],[12] 0.35%  
Amortized Cost [3],[9],[10],[11],[12] $ 282,262  
Investment, Identifier [Axis]: Common Equity, Other - Rising Tide Holdings, Inc., Common Stock    
Schedule of Investments [Line Items]    
Fair Value $ 0 [1],[9],[10],[11],[12] $ 28,375 [2],[13],[14],[15],[16],[17]
% of Net Assets 0.00% [9],[10],[11],[12] 0.09% [13],[14],[15],[16],[17]
Amortized Cost $ 997,560 [3],[9],[10],[11],[12] $ 997,560 [4],[13],[14],[15],[16],[17]
Investment, Identifier [Axis]: Common Equity, Other - iQOR Holdings, Inc. (Bloom Aggregator, LP)    
Schedule of Investments [Line Items]    
Fair Value $ 75,151 [1],[9],[10],[11],[12] $ 48,957 [2],[13],[14],[15],[16],[17]
% of Net Assets 0.19% [9],[10],[11],[12] 0.16% [13],[14],[15],[16],[17]
Amortized Cost $ 50,000 [3],[9],[10],[11],[12] $ 50,000 [4],[13],[14],[15],[16],[17]
Investment, Identifier [Axis]: DRI Holding, Inc.    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost) $ 2,415,300 2,415,300
Investment, Identifier [Axis]: DTI Holdco, Inc.    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost)   2,000,000
Investment, Identifier [Axis]: Discovery MSO HoldCo LLC    
Schedule of Investments [Line Items]    
Investment, Interest Rate, Paid in Kind Capitalized 8.00%  
Investment, Interest Rate, Paid as Cash 0.00%  
Investment, Interest Rate, Paid in Kind 8.00%  
Investment, Identifier [Axis]: Discovery Point Retreat, LLC, Series A Preferred Stock    
Schedule of Investments [Line Items]    
Fair Value $ 68,802,000  
Investment, Identifier [Axis]: Druid City Infusion, LLC - Convertible    
Schedule of Investments [Line Items]    
Investment, Interest Rate, Paid in Kind Capitalized 2.00%  
Investment, Interest Rate, Paid as Cash 0.00%  
Investment, Interest Rate, Paid in Kind 2.00%  
Investment, Identifier [Axis]: Emerge Intermediate, Inc.    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost) $ 131,333 131,333
Investment, Interest Rate, Paid in Kind Capitalized 4.50%  
Investment, Interest Rate, Paid as Cash 0.00%  
Investment, Interest Rate, Paid in Kind 4.50%  
Investment, Identifier [Axis]: Octagon Investment Partners XXI, Ltd.    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost) $ 35,015 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 $ 68,802 [1],[9],[10],[11],[12],[21],[22] $ 100,000 [2],[13],[14],[15],[16],[17],[23]
Investment, Interest Rate, Paid in Kind [9],[10],[11],[12],[21],[22] 8.00%  
% of Net Assets 0.17% [9],[10],[11],[12],[21],[22] 0.32% [13],[14],[15],[16],[17],[23]
Amortized Cost $ 50,000 [3],[9],[10],[11],[12],[21],[22] $ 50,000 [4],[13],[14],[15],[16],[17],[23]
Investment, Identifier [Axis]: Preferred Equity - New WPCC PARENT, LLC (Series A Preferred Stock)    
Schedule of Investments [Line Items]    
Fair Value [1],[9],[10],[11],[12],[19] $ 231,764  
% of Net Assets [9],[10],[11],[12],[19] 0.58%  
Amortized Cost [3],[9],[10],[11],[12],[19] $ 177,122  
Investment, Identifier [Axis]: Preferred Equity - Shoes West, LLC (d/b/a Taos Footwear) - Preferred Equity    
Schedule of Investments [Line Items]    
Fair Value [1],[9],[10],[11],[12],[22],[24] $ 90,444  
Investment, Interest Rate, Paid in Kind [9],[10],[11],[12],[22],[24] 8.00%  
% of Net Assets [9],[10],[11],[12],[22],[24] 0.23%  
Amortized Cost [3],[9],[10],[11],[12],[22],[24] $ 50,000  
Investment, Identifier [Axis]: Preferred Equity - Verify Diagnostic Holdings LLC    
Schedule of Investments [Line Items]    
Fair Value [1],[9],[10],[11],[12] $ 110,000  
% of Net Assets [9],[10],[11],[12] 0.28%  
Amortized Cost [3],[9],[10],[11],[12] $ 100,000  
Investment, Identifier [Axis]: QC Holdings TopCo, LLC    
Schedule of Investments [Line Items]    
Percentage of equity interest 99.55%  
Investment, Identifier [Axis]: QC Holdings, LLC    
Schedule of Investments [Line Items]    
Percentage of equity interest 100.00%  
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-First Lien, Amneal Pharmaceuticals LLC    
Schedule of Investments [Line Items]    
Basis spread rate 5.50% [11],[12],[25],[26] 5.50% [16],[17],[27],[28]
Fair Value $ 2,960,287 [1],[11],[12],[25] $ 3,004,087 [2],[16],[17],[27]
Investment interest rate 9.83% [11],[12],[25],[26] 10.84% [16],[17],[27],[28]
% of Net Assets 7.40% [11],[12],[25] 9.61% [16],[17],[27]
Amortized Cost $ 2,893,170 [3],[11],[12],[25] $ 2,975,183 [4],[16],[17],[27]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC    
Schedule of Investments [Line Items]    
Basis spread rate [14],[16],[17],[28],[29],[30],[31]   1.00%
Fair Value [2],[14],[16],[17],[29],[30],[31]   $ 2,440,316
Investment interest rate [14],[16],[17],[28],[29],[30],[31]   6.60%
Investment, Interest Rate, Paid in Kind [14],[16],[17],[28],[29],[30],[31]   4.09%
% of Net Assets [14],[16],[17],[29],[30],[31]   7.81%
Amortized Cost [4],[14],[16],[17],[29],[30],[31]   $ 2,677,559
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC - Second Out Super Priority First Lien Term Loan    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[22],[26],[32] 7.50%  
Fair Value [1],[9],[11],[12],[22],[32] $ 84,422  
Investment interest rate [9],[11],[12],[22],[26],[32] 12.06%  
% of Net Assets [9],[11],[12],[22],[32] 0.21%  
Amortized Cost [3],[9],[11],[12],[22],[32] $ 84,514  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC - Second Out Super Priority First Lien Term Loan Bridge - Second Out Super Priority First Lien Term Loan    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[26],[32],[33] 10.00%  
Fair Value [1],[9],[11],[12],[32],[33] $ 95,193  
Investment interest rate [9],[11],[12],[26],[32],[33] 14.59%  
% of Net Assets [9],[11],[12],[32],[33] 0.24%  
Amortized Cost [3],[9],[11],[12],[32],[33] $ 93,354  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC - Third Out Super Priority First Lien Term Loan    
Schedule of Investments [Line Items]    
Basis spread rate [11],[12],[22],[25],[26],[32],[33] 5.09%  
Fair Value [1],[11],[12],[22],[25],[32],[33] $ 2,287,376  
Investment interest rate [11],[12],[22],[25],[26],[32],[33] 9.65%  
% of Net Assets [11],[12],[22],[25],[32],[33] 5.72%  
Amortized Cost [3],[11],[12],[22],[25],[32],[33] $ 3,174,893  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC 1    
Schedule of Investments [Line Items]    
Basis spread rate [14],[16],[17],[28],[29],[30],[31]   7.50%
Fair Value [2],[14],[16],[17],[29],[30],[31]   $ 175,362
Investment interest rate [14],[16],[17],[28],[29],[30],[31]   13.10%
% of Net Assets [14],[16],[17],[29],[30],[31]   0.56%
Amortized Cost [4],[14],[16],[17],[29],[30],[31]   $ 175,373
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, BCPE North Star US Holdco 2, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate 4.00% [11],[12],[25],[26],[33] 4.00% [16],[17],[27],[28],[29]
Fair Value $ 4,954,278 [1],[11],[12],[25],[33] $ 2,876,123 [2],[16],[17],[27],[29]
Investment interest rate 8.44% [11],[12],[25],[26],[33] 9.34% [16],[17],[27],[28],[29]
% of Net Assets 12.39% [11],[12],[25],[33] 9.20% [16],[17],[27],[29]
Amortized Cost $ 4,820,318 [3],[11],[12],[25],[33] $ 2,889,240 [4],[16],[17],[27],[29]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Burgess Point Purchaser Corporation    
Schedule of Investments [Line Items]    
Basis spread rate [11],[12],[25],[26] 5.35%  
Fair Value [1],[11],[12],[25] $ 2,551,135  
Investment interest rate [11],[12],[25],[26] 9.65%  
% of Net Assets [11],[12],[25] 6.38%  
Amortized Cost [3],[11],[12],[25] $ 2,821,071  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, CareerBuilder, LLC    
Schedule of Investments [Line Items]    
Basis spread rate 2.50% [9],[11],[12],[22],[26],[33],[34] 2.50% [14],[16],[17],[28],[29],[31],[35]
Fair Value $ 10,066 [1],[9],[11],[12],[22],[33],[34] $ 421,293 [2],[14],[16],[17],[29],[31],[35]
Investment interest rate 6.94% [9],[11],[12],[22],[26],[33],[34] 6.75% [14],[16],[17],[28],[29],[31],[35]
Investment, Interest Rate, Paid in Kind 4.25% [9],[11],[12],[22],[26],[33],[34] 4.25% [14],[16],[17],[28],[29],[31],[35]
% of Net Assets 0.03% [9],[11],[12],[22],[33],[34] 1.35% [14],[16],[17],[29],[31],[35]
Amortized Cost $ 719,993 [3],[9],[11],[12],[22],[33],[34] $ 706,375 [4],[14],[16],[17],[29],[31],[35]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, DRI Holding Inc    
Schedule of Investments [Line Items]    
Basis spread rate 5.25% [9],[11],[12],[26],[33] 5.25% [14],[16],[17],[28],[29]
Fair Value $ 3,413,576 [1],[9],[11],[12],[33] $ 3,451,274 [2],[14],[16],[17],[29]
Investment interest rate 9.68% [9],[11],[12],[26],[33] 10.69% [14],[16],[17],[28],[29]
% of Net Assets 8.54% [9],[11],[12],[33] 11.04% [14],[16],[17],[29]
Amortized Cost $ 3,293,835 [3],[9],[11],[12],[33] $ 3,343,548 [4],[14],[16],[17],[29]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, DTI Holdco, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate [16],[17],[27],[28],[29]   4.75%
Fair Value [2],[16],[17],[27],[29]   $ 2,723,046
Investment interest rate [16],[17],[27],[28],[29]   10.09%
% of Net Assets [16],[17],[27],[29]   8.71%
Amortized Cost [4],[16],[17],[27],[29]   $ 2,692,552
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Discovery Point Retreat, LLC    
Schedule of Investments [Line Items]    
Basis spread rate 7.75% [9],[11],[12],[26] 7.75% [14],[16],[17],[28]
Fair Value $ 3,940,000 [1],[9],[11],[12] $ 3,913,600 [2],[14],[16],[17]
Investment interest rate 12.31% [9],[11],[12],[26] 13.35% [14],[16],[17],[28]
% of Net Assets 9.85% [9],[11],[12] 12.52% [14],[16],[17]
Amortized Cost $ 3,940,000 [3],[9],[11],[12] $ 3,997,482 [4],[14],[16],[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 [9],[11],[12],[22],[26] 6.00%  
Fair Value [1],[9],[11],[12],[22] $ 80,929  
Investment interest rate [9],[11],[12],[22],[26] 2.00%  
% of Net Assets [9],[11],[12],[22] 0.20%  
Amortized Cost [3],[9],[11],[12],[22] $ 50,752  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Druid City Infusion, LLC - First Lien Term Loan    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[26] 7.50%  
Fair Value [1],[9],[11],[12] $ 4,963,043  
Investment interest rate [9],[11],[12],[26] 11.80%  
% of Net Assets [9],[11],[12] 12.41%  
Amortized Cost [3],[9],[11],[12] $ 4,963,043  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Emerge Intermediate, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate 6.00% [9],[11],[12],[22],[26],[32] 6.25% [14],[16],[17],[28]
Fair Value $ 4,843,302 [1],[9],[11],[12],[22],[32] $ 5,120,833 [2],[14],[16],[17]
Investment interest rate 4.50% [9],[11],[12],[22],[26] 11.60% [14],[16],[17],[28]
% of Net Assets 12.11% [9],[11],[12],[22],[32] 16.38% [14],[16],[17]
Amortized Cost $ 5,186,659 [3],[9],[11],[12],[22],[32] $ 5,117,474 [4],[14],[16],[17]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, First Brands Group    
Schedule of Investments [Line Items]    
Basis spread rate 5.00% [11],[12],[25],[26] 5.00% [16],[17],[27],[28]
Fair Value $ 1,865,771 [1],[11],[12],[25] $ 1,980,167 [2],[16],[17],[27]
Investment interest rate 9.54% [11],[12],[25],[26] 10.59% [16],[17],[27],[28]
% of Net Assets 4.67% [11],[12],[25] 6.33% [16],[17],[27]
Amortized Cost $ 1,967,705 [3],[11],[12],[25] $ 1,990,153 [4],[16],[17],[27]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, First Brands Group 1    
Schedule of Investments [Line Items]    
Basis spread rate 5.00% [11],[12],[25],[26] 5.00% [16],[17],[27],[28]
Fair Value $ 3,728,860 [1],[11],[12],[25] $ 3,963,774 [2],[16],[17],[27]
Investment interest rate 9.54% [11],[12],[25],[26] 10.59% [16],[17],[27],[28]
% of Net Assets 9.32% [11],[12],[25] 12.68% [16],[17],[27]
Amortized Cost $ 3,902,776 [3],[11],[12],[25] $ 3,950,526 [4],[16],[17],[27]
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% [9],[11],[12],[26] 4.25% [16],[17],[27],[28],[29]
Fair Value $ 4,888,559 [1],[9],[11],[12] $ 415,861 [2],[16],[17],[27],[29]
Investment interest rate 11.83% [9],[11],[12],[26] 9.69% [16],[17],[27],[28],[29]
% of Net Assets 12.23% [9],[11],[12] 1.33% [16],[17],[27],[29]
Amortized Cost $ 4,844,386 [3],[9],[11],[12] $ 408,112 [4],[16],[17],[27],[29]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Imperative Worldwide, LLC (f/k/a MAGNATE WORLDWIDE, LLC)    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[26] 5.50%  
Fair Value [1],[9],[11],[12] $ 4,466,250  
Investment interest rate [9],[11],[12],[26] 9.80%  
% of Net Assets [9],[11],[12] 11.17%  
Amortized Cost [3],[9],[11],[12] $ 4,386,823  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, MoneyGram International, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate 4.75% [9],[11],[12],[26] 4.75% [16],[17],[27],[28]
Fair Value $ 2,682,544 [1],[9],[11],[12] $ 2,991,303 [2],[16],[17],[27]
Investment interest rate 9.07% [9],[11],[12],[26] 10.08% [16],[17],[27],[28]
% of Net Assets 6.71% [9],[11],[12] 9.57% [16],[17],[27]
Amortized Cost $ 2,926,825 [3],[9],[11],[12] $ 2,979,693 [4],[16],[17],[27]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, NH Kronos Buyer, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate [14],[16],[17],[28]   6.25%
Fair Value [2],[14],[16],[17]   $ 4,984,127
Investment interest rate [14],[16],[17],[28]   11.73%
% of Net Assets [14],[16],[17]   15.94%
Amortized Cost [4],[14],[16],[17]   $ 4,931,331
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, New WPCC Parent, LLC    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[19],[26] 9.50%  
Fair Value [1],[9],[11],[12],[19] $ 825,238  
Investment interest rate [9],[11],[12],[19],[26] 13.80%  
% of Net Assets [9],[11],[12],[19] 2.06%  
Amortized Cost [3],[9],[11],[12],[19] $ 825,238  
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 [9],[11],[12],[26],[36] 5.25%  
Fair Value [1],[9],[11],[12],[36] $ 0  
Investment interest rate [9],[11],[12],[26],[36] 9.55%  
% of Net Assets [9],[11],[12],[36] 0.00%  
Amortized Cost [3],[9],[11],[12],[36] $ 0  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Playpower, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate 5.25% [9],[11],[12],[26] 5.50% [14],[16],[17],[28],[29]
Fair Value $ 4,296,202 [1],[9],[11],[12] $ 4,806,257 [2],[14],[16],[17],[29]
Investment interest rate 9.55% [9],[11],[12],[26] 10.96% [14],[16],[17],[28],[29]
% of Net Assets 10.74% [9],[11],[12] 15.37% [14],[16],[17],[29]
Amortized Cost $ 4,222,652 [3],[9],[11],[12] $ 4,813,157 [4],[14],[16],[17],[29]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Recovery Solutions Parent, LLC    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[26] 7.50%  
Fair Value [1],[9],[11],[12] $ 681,533  
Investment interest rate [9],[11],[12],[26] 11.80%  
% of Net Assets [9],[11],[12] 1.70%  
Amortized Cost [3],[9],[11],[12] $ 391,227  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group and Dynata LLC    
Schedule of Investments [Line Items]    
Basis spread rate [14],[16],[17],[28],[35]   7.50%
Fair Value [2],[14],[16],[17],[35]   $ 1,504,009
Investment interest rate [14],[16],[17],[28],[35]   13.09%
% of Net Assets [14],[16],[17],[35]   4.81%
Amortized Cost [4],[14],[16],[17],[35]   $ 1,904,479
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group and Dynata LLC 1    
Schedule of Investments [Line Items]    
Basis spread rate [14],[16],[17],[28]   8.75%
Fair Value [2],[14],[16],[17]   $ 59,091
Investment interest rate [14],[16],[17],[28]   14.21%
% of Net Assets [14],[16],[17]   0.19%
Amortized Cost [4],[14],[16],[17]   $ 57,826
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 [9],[11],[12],[26],[33] 5.00%  
Fair Value [1],[9],[11],[12],[33] $ 2,923,690  
Investment interest rate [9],[11],[12],[26],[33] 9.59%  
% of Net Assets [9],[11],[12],[33] 7.31%  
Amortized Cost [3],[9],[11],[12],[33] $ 2,926,551  
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 [9],[11],[12],[26] 5.50%  
Fair Value [1],[9],[11],[12] $ 1,122,427  
Investment interest rate [9],[11],[12],[26] 10.09%  
% of Net Assets [9],[11],[12] 2.81%  
Amortized Cost [3],[9],[11],[12] $ 1,284,051  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, S&S Holdings LLC    
Schedule of Investments [Line Items]    
Basis spread rate [11],[12],[25],[26] 5.00%  
Fair Value [1],[11],[12],[25] $ 2,916,144  
Investment interest rate [11],[12],[25],[26] 9.42%  
% of Net Assets [11],[12],[25] 7.30%  
Amortized Cost [3],[11],[12],[25] $ 2,957,298  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Shoes West, LLC (d/b/a Taos Footwear) - First Lien Convertible Note to Taos Footwear    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[22],[24],[26] 9.00%  
Fair Value [1],[9],[11],[12],[22],[24] $ 252,767  
Investment interest rate [9],[11],[12],[22],[24],[26] 2.00%  
% of Net Assets [9],[11],[12],[22],[24] 0.63%  
Amortized Cost [3],[9],[11],[12],[22],[24] $ 201,762  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Shoes West, LLC (d/b/a Taos Footwear) - First Lien Term Loan    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[24],[26] 7.00%  
Fair Value [1],[9],[11],[12],[24] $ 4,726,250  
Investment interest rate [9],[11],[12],[24],[26] 11.56%  
% of Net Assets [9],[11],[12],[24] 11.82%  
Amortized Cost [3],[9],[11],[12],[24] $ 4,726,250  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Verify Diagnostics, LLC    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[26],[37] 10.28%  
Fair Value [1],[9],[11],[12],[37] $ 2,450,000  
Investment interest rate [9],[11],[12],[26],[37] 14.58%  
% of Net Assets [9],[11],[12],[37] 6.13%  
Amortized Cost [3],[9],[11],[12],[37] $ 2,500,000  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, WatchGuard Technologies, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate 5.25% [9],[11],[12],[26],[33] 5.25% [14],[16],[17],[28],[29]
Fair Value $ 4,915,366 [1],[9],[11],[12],[33] $ 2,985,077 [2],[14],[16],[17],[29]
Investment interest rate 9.58% [9],[11],[12],[26],[33] 10.59% [14],[16],[17],[28],[29]
% of Net Assets 12.29% [9],[11],[12],[33] 9.55% [14],[16],[17],[29]
Amortized Cost $ 4,867,983 [3],[9],[11],[12],[33] $ 2,952,217 [4],[14],[16],[17],[29]
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Wellpath Holdings, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate [14],[16],[17],[28],[29],[35]   5.50%
Fair Value [2],[14],[16],[17],[29],[35]   $ 1,279,736
Investment interest rate [14],[16],[17],[28],[29],[35]   11.11%
% of Net Assets [14],[16],[17],[29],[35]   4.09%
Amortized Cost [4],[14],[16],[17],[29],[35]   $ 1,974,783
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, iQOR Holdings, Inc.    
Schedule of Investments [Line Items]    
Basis spread rate 7.50% [9],[11],[12],[26] 7.50% [14],[16],[17],[28]
Fair Value $ 4,570,447 [1],[9],[11],[12] $ 5,000,000 [2],[14],[16],[17]
Investment interest rate 11.81% [9],[11],[12],[26] 13.09% [14],[16],[17],[28]
% of Net Assets 11.43% [9],[11],[12] 15.99% [14],[16],[17]
Amortized Cost $ 4,570,447 [3],[9],[11],[12] $ 4,998,727 [4],[14],[16],[17]
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, QC Holdings, LLC    
Schedule of Investments [Line Items]    
Basis spread rate [9],[11],[12],[20],[26],[38] 19.00%  
Fair Value [1],[9],[11],[12],[20],[38] $ 2,500,000  
Investment interest rate [9],[11],[12],[20],[26],[38] 24.00%  
% of Net Assets [9],[11],[12],[20],[38] 6.25%  
Amortized Cost [3],[9],[11],[12],[20],[38] $ 2,500,000  
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance, LLC    
Schedule of Investments [Line Items]    
Basis spread rate 5.00% [11],[12],[22],[25],[26] 1.00% [14],[16],[17],[28],[31]
Fair Value $ 1,749,570 [1],[11],[12],[22],[25] $ 1,559,701 [2],[14],[16],[17],[31]
Investment interest rate 9.33% [11],[12],[22],[25],[26] 6.35% [14],[16],[17],[28],[31]
Investment, Interest Rate, Paid in Kind [14],[16],[17],[28],[31]   4.00%
% of Net Assets 4.38% [11],[12],[22],[25] 4.99% [14],[16],[17],[31]
Amortized Cost $ 1,839,325 [3],[11],[12],[22],[25] $ 1,800,331 [4],[14],[16],[17],[31]
Investment, Identifier [Axis]: Shoes West, LLC (d/b/a Taos Footwear) - First Lien Convertible Note to Taos Footwear    
Schedule of Investments [Line Items]    
Investment, Interest Rate, Paid in Kind Capitalized 2.00%  
Investment, Interest Rate, Paid as Cash 0.00%  
Investment, Interest Rate, Paid in Kind 2.00%  
Investment, Identifier [Axis]: Shoes West, LLC (d/b/a Taos Footwear) - Preferred Equity    
Schedule of Investments [Line Items]    
Investment, Interest Rate, Paid in Kind Capitalized 8.00%  
Investment, Interest Rate, Paid as Cash 0.00%  
Investment, Interest Rate, Paid in Kind 8.00%  
Investment, Identifier [Axis]: Shutterfly Finance, LLC - Second Lien Term Loan    
Schedule of Investments [Line Items]    
Investment, Interest Rate, Paid in Kind Capitalized   4.00%
Investment, Interest Rate, Paid as Cash   0.00%
Investment, Interest Rate, Paid in Kind   4.00%
Investment, Identifier [Axis]: Shutterfly Finance, LLC, Second Lien Term Loan    
Schedule of Investments [Line Items]    
Fair Value $ 1,749,570,000  
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXIV    
Schedule of Investments [Line Items]    
Fair Value $ 77,000 [1],[9],[11],[12],[20],[25],[39] $ 146,300 [2],[13],[14],[16],[17],[40]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 17.14% [13],[14],[16],[17],[28],[40]
% of Net Assets 0.19% [9],[11],[12],[20],[25],[39] 0.47% [13],[14],[16],[17],[40]
Amortized Cost $ 102,206 [3],[9],[11],[12],[20],[25],[39] $ 154,682 [4],[13],[14],[16],[17],[40]
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXVI    
Schedule of Investments [Line Items]    
Fair Value $ 80,000 [1],[9],[11],[12],[20],[25],[39],[41] $ 115,900 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39],[41] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.20% [9],[11],[12],[20],[25],[39],[41] 0.37% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 96,650 [3],[9],[11],[12],[20],[25],[39],[41] $ 144,189 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, California CLO IX, Ltd.    
Schedule of Investments [Line Items]    
Fair Value [2],[13],[14],[16],[17],[40]   $ 241,200
Investment interest rate [13],[14],[16],[17],[28],[40]   18.68%
% of Net Assets [13],[14],[16],[17],[40]   0.77%
Amortized Cost [4],[13],[14],[16],[17],[40]   $ 245,264
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2014-4-R, Ltd.    
Schedule of Investments [Line Items]    
Fair Value [2],[13],[14],[16],[17],[40],[42]   $ 116,350
Investment interest rate [13],[14],[16],[17],[28],[40],[42]   0.00%
% of Net Assets [13],[14],[16],[17],[40],[42]   0.37%
Amortized Cost [4],[13],[14],[16],[17],[40],[42]   $ 127,852
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2017-5, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 9,700 [1],[9],[11],[12],[20],[25],[39],[41] $ 265,500 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39],[41] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.02% [9],[11],[12],[20],[25],[39],[41] 0.85% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 4,281 [3],[9],[11],[12],[20],[25],[39],[41] $ 299,146 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Galaxy XIX CLO, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 0 [1],[9],[11],[12],[20],[25],[39],[41] $ 75,300 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39],[41] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.00% [9],[11],[12],[20],[25],[39],[41] 0.24% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 0 [3],[9],[11],[12],[20],[25],[39],[41] $ 84,976 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, GoldenTree Loan Opportunities IX, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 0 [1],[9],[11],[12],[20],[25],[39],[41] $ 0 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39],[41] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.00% [9],[11],[12],[20],[25],[39],[41] 0.00% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 0 [3],[9],[11],[12],[20],[25],[39],[41] $ 0 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIII, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 12,875 [1],[9],[11],[12],[20],[25],[39],[41] $ 24,375 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39],[41] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.03% [9],[11],[12],[20],[25],[39],[41] 0.08% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 0 [3],[9],[11],[12],[20],[25],[39],[41] $ 26,231 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIV, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 73,625 [1],[9],[11],[12],[20],[25],[39] $ 139,250 [2],[13],[14],[16],[17],[40]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 3.52% [13],[14],[16],[17],[28],[40]
% of Net Assets 0.18% [9],[11],[12],[20],[25],[39] 0.45% [13],[14],[16],[17],[40]
Amortized Cost $ 95,293 [3],[9],[11],[12],[20],[25],[39] $ 172,319 [4],[13],[14],[16],[17],[40]
Investment, Identifier [Axis]: Structured Subordinated Notes, OZLM XII, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 0 [1],[9],[11],[12],[20],[25],[39],[41] $ 0 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39],[41] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.00% [9],[11],[12],[20],[25],[39],[41] 0.00% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 0 [3],[9],[11],[12],[20],[25],[39],[41] $ 0 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 30, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 16,340 [1],[9],[11],[12],[20],[25],[39],[41] $ 165,253 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39],[41] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.04% [9],[11],[12],[20],[25],[39],[41] 0.53% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 7,365 [3],[9],[11],[12],[20],[25],[39],[41] $ 187,914 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 31, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 2,200 [1],[9],[11],[12],[20],[25],[39],[41] $ 79,800 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39],[41] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.01% [9],[11],[12],[20],[25],[39],[41] 0.26% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 2,425 [3],[9],[11],[12],[20],[25],[39],[41] $ 88,762 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 36, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 70,950 [1],[9],[11],[12],[20],[25],[39] $ 247,150 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.18% [9],[11],[12],[20],[25],[39] 0.79% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 90,770 [3],[9],[11],[12],[20],[25],[39] $ 299,532 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 39, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 57,300 [1],[9],[11],[12],[20],[25],[39] $ 169,775 [2],[13],[14],[16],[17],[40]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 3.49% [13],[14],[16],[17],[28],[40]
% of Net Assets 0.14% [9],[11],[12],[20],[25],[39] 0.54% [13],[14],[16],[17],[40]
Amortized Cost $ 76,834 [3],[9],[11],[12],[20],[25],[39] $ 192,728 [4],[13],[14],[16],[17],[40]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XIV, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 0 [1],[9],[11],[12],[20],[25],[39] $ 17,170 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.00% [9],[11],[12],[20],[25],[39] 0.05% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 0 [3],[9],[11],[12],[20],[25],[39] $ 19,839 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XV, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 60,350 [1],[9],[11],[12],[20],[25],[39] $ 174,450 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.15% [9],[11],[12],[20],[25],[39] 0.56% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 60,795 [3],[9],[11],[12],[20],[25],[39] $ 200,197 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XXI,Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 86,576 [1],[9],[11],[12],[20],[25],[33],[39] $ 162,417 [2],[13],[14],[16],[17],[29],[40]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[33],[39] 2.86% [13],[14],[16],[17],[28],[29],[40]
% of Net Assets 0.22% [9],[11],[12],[20],[25],[33],[39] 0.52% [13],[14],[16],[17],[29],[40]
Amortized Cost $ 112,058 [3],[9],[11],[12],[20],[25],[33],[39] $ 212,222 [4],[13],[14],[16],[17],[29],[40]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO II, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 750 [1],[9],[11],[12],[20],[25],[39] $ 304,950 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.00% [9],[11],[12],[20],[25],[39] 0.98% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 907 [3],[9],[11],[12],[20],[25],[39] $ 384,730 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO VII-R, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 0 [1],[9],[11],[12],[20],[25],[39] $ 33,855 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.00% [9],[11],[12],[20],[25],[39] 0.11% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 0 [3],[9],[11],[12],[20],[25],[39] $ 40,750 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO XVIII, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 22,425 [1],[9],[11],[12],[20],[25],[39] $ 93,775 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.06% [9],[11],[12],[20],[25],[39] 0.30% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 30,954 [3],[9],[11],[12],[20],[25],[39] $ 108,094 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, THL Credit Wind River 2013-1 CLO, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 10,693 [1],[9],[11],[12],[20],[25],[39] $ 47,190 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.03% [9],[11],[12],[20],[25],[39] 0.15% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 14,976 [3],[9],[11],[12],[20],[25],[39] $ 53,943 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Venture XXXIV CLO, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 54,800 [1],[9],[11],[12],[20],[25],[39] $ 152,525 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.14% [9],[11],[12],[20],[25],[39] 0.49% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 73,912 [3],[9],[11],[12],[20],[25],[39] $ 185,875 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya CLO 2016-1, Ltd.    
Schedule of Investments [Line Items]    
Fair Value $ 43,925 [1],[9],[11],[12],[20],[25],[39] $ 111,325 [2],[13],[14],[16],[17],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[39] 0.00% [13],[14],[16],[17],[28],[40],[42]
% of Net Assets 0.11% [9],[11],[12],[20],[25],[39] 0.36% [13],[14],[16],[17],[40],[42]
Amortized Cost $ 55,518 [3],[9],[11],[12],[20],[25],[39] $ 127,801 [4],[13],[14],[16],[17],[40],[42]
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya IM CLO 2013-1, Ltd    
Schedule of Investments [Line Items]    
Fair Value $ 29,752 [1],[9],[11],[12],[20],[25],[33],[39] $ 72,862 [2],[13],[14],[16],[17],[29],[40],[42]
Investment interest rate 0.00% [9],[11],[12],[20],[25],[26],[33],[39] 0.00% [13],[14],[16],[17],[28],[29],[40],[42]
% of Net Assets 0.07% [9],[11],[12],[20],[25],[33],[39] 0.23% [13],[14],[16],[17],[29],[40],[42]
Amortized Cost $ 39,977 [3],[9],[11],[12],[20],[25],[33],[39] $ 86,780 [4],[13],[14],[16],[17],[29],[40],[42]
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 20,584
Investment, Identifier [Axis]: WatchGuard Technologies, Inc.    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost) $ 3,994,924 1,994,924
Investment, Identifier [Axis]: Wellpath Holdings, Inc.    
Schedule of Investments [Line Items]    
Follow-On Acquisitions (Excluding initial investment cost)   1,327,000
Net Assets    
Schedule of Investments [Line Items]    
% of Net Assets 213.00%  
Net Assets | Healthcare & Pharmaceuticals    
Schedule of Investments [Line Items]    
% of Net Assets 57.00%  
Net Assets | Automotive    
Schedule of Investments [Line Items]    
% of Net Assets 20.00%  
Net Assets | Telecommunications    
Schedule of Investments [Line Items]    
% of Net Assets 18.00%  
Net Assets | Consumer Goods: Non-Durable    
Schedule of Investments [Line Items]    
% of Net Assets 13.00%  
Net Assets | Beverage, Food & Tobacco    
Schedule of Investments [Line Items]    
% of Net Assets 12.00%  
Net Assets | High Tech Industries    
Schedule of Investments [Line Items]    
% of Net Assets 12.00%  
Net Assets | Services: Consumer    
Schedule of Investments [Line Items]    
% of Net Assets 12.00%  
Net Assets | Transportation: Cargo    
Schedule of Investments [Line Items]    
% of Net Assets 11.00%  
Net Assets | Services: Business    
Schedule of Investments [Line Items]    
% of Net Assets 10.00%  
Net Assets | Consumer Goods: Durable    
Schedule of Investments [Line Items]    
% of Net Assets 11.00%  
Net Assets | Media: Advertising, Printing & Publishing    
Schedule of Investments [Line Items]    
% of Net Assets 9.00%  
Net Assets | Wholesale    
Schedule of Investments [Line Items]    
% of Net Assets 7.00%  
Net Assets | Banking    
Schedule of Investments [Line Items]    
% of Net Assets 7.00%  
Net Assets | Finance    
Schedule of Investments [Line Items]    
% of Net Assets 7.00%  
Net Assets | Media: Diversified and Production    
Schedule of Investments [Line Items]    
% of Net Assets 4.00%  
Net Assets | Structured Finance    
Schedule of Investments [Line Items]    
% of Net Assets [6] 2.00%  
Net Assets | Investments Held Benchmark | Product Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of total assets at fair value 100.00%  
Revolving Credit Facility | Credit Facility    
Schedule of Investments [Line Items]    
Fair Value $ 85,016,596  
Collateralized financings $ 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).
[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.
[5] (B) Equity, unless specifically stated otherwise, includes our investments in preferred stock, common stock, membership interests, net profits interests, net operating income interests, net revenue interests, overriding royalty interests, escrows receivable, and warrants.
[6] (A) Our SSN investments do not have industry concentrations and as such have been separated in the tables above.
[7] (A) On December 29, 2023, the Aventiv Technologies, LLC Second Out Super Priority First Lien Term Loan and Second Out Super Priority First Lien Bridge Loan was amended to allow a portion of interest accruing in cash to be payable in kind. On March 28, 2025, the Aventiv Technologies, LLC Third Out Super Priority First Lien Term Loan was amended to allow a portion of interest accruing in cash to be payable in kind.
[8] 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.
[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] Represents non-income producing security that has not paid interest or dividends in the year preceding the reporting date.
[11] 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, 2025 was $85,016,596, representing 100% of our total investments.
[12] 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.
[13] 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.
[14] 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.
[15] Represents non-income producing security that has not paid interest or dividends in the year preceding the reporting date.
[16] 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.
[17] 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.
[18] We hold warrants in AP Special Sits Camaro Holdings, LLC which is the parent company of Careerbuilder LLC, in which we own a first-lien term loan investment.
[19] Our position in New WPCC Parent stemmed from a restructuring of Wellpath, Inc. of which we held a first lien term loan.
[20] 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 June 30, 2025, 4% are non-qualifying assets as a percentage of total assets.
[21] 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.
[22] 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 year ended June 30, 2025:
Security NamePIK Rate - CapitalizedPIK Rate - Paid as cashMaximum Current PIK Rate
Aventiv Technologies, LLC - Third Out Super Priority First Lien Term Loan9.65 %— %9.65 %(A)
Aventiv Technologies, LLC - Second Out Super Priority First Lien Term Loan12.06 %— %12.06 %(A)
Discovery MSO HoldCo LLC8.00 %— %8.00 %
Druid City Infusion, LLC - First Lien Convertible Note2.00 %— %2.00 %
Emerge Intermediate, Inc.4.50 %— %4.50 %
New WPCC Parent, LLC. - First Lien Term Loan— %8.00 %8.00 %
QC Holdings TopCo, LLC - Second Lien Term Loan— %14.50 %14.50 %(B)
Shoes West, LLC (d/b/a Taos Footwear) - First Lien Convertible Note to Taos Footwear2.00 %— %2.00 %
Shoes West, LLC (d/b/a Taos Footwear) - Preferred Equity8.00 %— %8.00 %
(A) On December 29, 2023, the Aventiv Technologies, LLC Second Out Super Priority First Lien Term Loan and Second Out Super Priority First Lien Bridge Loan was amended to allow a portion of interest accruing in cash to be payable in kind. On March 28, 2025, the Aventiv Technologies, LLC Third Out Super Priority First Lien Term Loan was amended to allow a portion of interest accruing in cash to be payable in kind.
(B) The QC Holdings TopCo, LLC Senior Secured Term Loan Agreement dated June 30, 2025, allows for a portion of interest accruing in cash to be payable in kind. The first interest payment is due September 30, 2025.
[23] 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.
[24] Shoes West, LLC and Shoes West Distribution, LLC are joint borrowers on the First Lien Term Loan A and First Lien Term Loan B.
[25] Investment is categorized as Level 2 investments in accordance with ASC 820. See Note 2 within the accompanying notes to the consolidated financial statements.
[26] The majority of the investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate ("SOFR") which resets monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over SOFR or the prime lending rate ("Prime") and the current contractual interest rate in effect at June 30, 2025. Certain investments are subject to a SOFR or Prime interest rate floor. The one-month ("1M SOFR") and three-month ("3M SOFR") SOFR rates are based on the applicable SOFR rate for each investment on its reset date. As of June 30, 2025, the one-and-three month SOFR rates were 4.32% and 4.29%, respectively.
[27] Investment is categorized as Level 2 investments in accordance with ASC 820. See Note 2 within the accompanying notes to the consolidated financial statements.
[28] The majority of the investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate ("SOFR") which resets monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over SOFR or the prime lending rate ("Prime") and the current contractual interest rate in effect at June 30, 2024. Certain investments are subject to a SOFR or Prime interest rate floor. The one-month ("1M SOFR") and three-month ("3M SOFR") SOFR rates are based on the applicable SOFR rate for each investment on its reset date. As of June 30, 2024, the one-and-three SOFR rates were 5.34% and 5.32%, respectively.
[29] Acquisition date represents the date of the Company's initial investment. Follow-on acquisitions have occurred on the following dates to arrive at the Company's current investment (excluding effects of capitalized PIK interest, premium/original issue discount amortization/accretion, and partial repayments):
Portfolio CompanyInvestmentFollow-On Acquisition DatesFollow-On Acquisitions (Excluding initial investment cost)
Aventiv Technologies, LLCSenior Secured Loans-First Lien8/2/2019, 3/4/2024, 4/2/2024, 6/28/2024$1,779,308 
BCPE North Star US Holdco 2, IncSenior Secured Loans-First Lien6/10/20241,945,000 
CareerBuilder, LLCSenior Secured Loans-First Lien6/5/2020690,000 
DRI Holding, Inc.Senior Secured Loans-First Lien5/16/20242,415,300 
DTI Holdco, Inc.Senior Secured Loans-First Lien2/8/20242,000,000 
Emerge Intermediate, Inc.Senior Secured Loans-First Lien6/14/2024131,333 
Octagon Investment Partners XXI, Ltd.Structured Subordinated Notes2/14/201935,015 
PlayPower, Inc.Senior Secured Loans-First Lien2/29/2024, 3/1/2024, 5/6/20243,565,351 
Global Tel*Link Corporation (d/b/a ViaPath Technologies)Senior Secured Loans-First Lien7/9/2019, 7/16/20191,436,250 
Voya IM CLO 2013-1, Ltd.Structured Subordinated Notes10/17/2017, 7/1/201920,584 
WatchGuard Technologies, Inc.Senior Secured Loans-First Lien6/26/20241,994,924 
Wellpath Holdings, Inc.Senior Secured Loans-First Lien4/10/2019, 7/25/20191,327,000 
[30] The Company has entered into an intercreditor agreement that entitles the Company to the “last out" tranche of the first lien secured loans, whereby the "first out" tranche will receive priority as to the "last out" tranche with respect to payments of principal, interest, and any other amounts due thereunder. Therefore, the Company receives a higher interest rate than the "first out" lenders and the Consolidated Schedule of Investments above reflects such higher rate.
[31] 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 year ended June 30, 2024:
Security NamePIK Rate - CapitalizedPIK Rate - Paid as cashMaximum Current PIK Rate
Aventiv Technologies, LLC - First Lien Term Loan4.09 %— %4.09 %
CareerBuilder, LLC - First Lien Term Loan4.25 %— %4.25 %(A)
Shutterfly Finance, LLC - Second Lien Term Loan4.00 %— %4.00 %
(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.
[32] The Company has entered into an intercreditor agreement that entitles the Company to the “last out" tranche of the first lien secured loans, whereby the "first out" tranche will receive priority as to the "last out" tranche with respect to payments of principal, interest, and any other amounts due thereunder. Therefore, the Company receives a higher interest rate than the "first out" lenders and the Consolidated Schedule of Investments above reflects such higher rate.
[33] Acquisition date represents the date of the Company's initial investment. Follow-on acquisitions have occurred on the following dates to arrive at the Company's current investment (excluding effects of capitalized PIK interest, premium/original issue discount amortization/accretion, and partial repayments):
Portfolio CompanyInvestmentFollow-On Acquisition DatesFollow-On Acquisitions (Excluding initial investment cost)
Aventiv Technologies, LLCAventiv Technologies, LLC - Second Out Super Priority First Lien Term Loan Bridge1/2/2025$12,629 
BCPE North Star US Holdco 2, IncSenior Secured Loans-First Lien6/10/2024, 7/1/2024, 7/11/20244,048,942 
CareerBuilder, LLCSenior Secured Loans-First Lien6/5/2020690,000 
DRI Holding, Inc.Senior Secured Loans-First Lien5/16/20242,415,300 
Emerge Intermediate, Inc.Senior Secured Loans-First Lien6/14/2024131,333 
Octagon Investment Partners XXI, Ltd.Structured Subordinated Notes2/14/201935,015 
Research Now Group, LLC & Dynata, LLC- First Lien Second Out Term LoanSenior Secured Loans-First Lien8/12/20242,925,712 
Voya IM CLO 2013-1, Ltd.Structured Subordinated Notes10/17/2017, 7/1/201920,584 
WatchGuard Technologies, Inc.Senior Secured Loans-First Lien6/26/2024, 7/17/20243,994,924 
[34] Investment on non-accrual status as of the reporting date (See Note 2).
[35] Investment on non-accrual status as of the reporting date (See Note 2).
[36] On August 28, 2024, PFLOAT committed to a $656,566 first-lien revolving line of credit, which is undrawn as of June 30, 2025.
[37] The investment represents a unitranche loan with characteristics of a traditional first lien senior secured loan, but which pursuant to an agreement among lenders is divided among unaffiliated lenders into “first out” and “last out” tranches yielding different interest rates, where our investment is the “last out” tranche(s) of such unitranche loan, subject to payment priority in favor of a first out tranche held by an unaffiliated lender; or, the Company has entered into an intercreditor agreement that entitles the Company to the “last out” tranche of the first lien secured loans, whereby the
“first out” tranche will receive priority as to the “last out” tranche(s) with respect to payments of principal, interest, and any other amounts due thereunder. Therefore, the Company may receive a higher interest rate than the “first out” lenders and the Consolidated Schedule of Investments above reflects such higher rate, as applicable.
[38] As of June 30, 2025, an affiliated fund of our Investment Advisor owns a 99.55% equity interest in QC Holdings TopCo, LLC (“QC TopCo”). QC TopCo owns 100% of QC Holdings, LLC (“QC Holdings”), representing 95.40% fully diluted ownership and a controlling beneficial interest in QC Holdings by the affiliated fund per the 1940 Act.
[39] The structured subordinated notes are considered equity positions in the Collateralized Loan Obligations ("CLOs"), which is referred to as "Subordinated Structured Notes", or "SSN". The CLO equity investments are entitled to recurring distributions which are generally equal to the excess cash flow generated from the underlying investments after payment of the contractual payments to debt holders and fund expenses. The current estimated yield is calculated using amortized cost based on the current projections of this excess cash 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.
[40] The structured subordinated notes and preference/preferred shares are considered equity positions in the Collateralized Loan Obligations ("CLOs"), which is referred to as "Subordinated Structured Notes", or "SSN". The CLO equity investments are entitled to recurring distributions which are generally equal to the excess cash flow generated from the underlying investments after payment of the contractual payments to debt holders and fund expenses. The current estimated yield is calculated using amortized cost based on the current projections of this excess cash
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.
[41] Security was called for redemption and the liquidation of the underlying loan portfolio is ongoing.
[42] The effective yield has been estimated to be 0% as expected future cash flows are anticipated to not be sufficient to repay the investment at cost. If the expected investment proceeds increase, there is a potential for future investment income from the investment. Distributions, once received, will be recognized as return of capital, and when called, any remaining unamortized investment costs will be written off if the actual distributions are less than the amortized investment cost. To the extent that the cost basis of the SSN is fully recovered, any future distributions will be recorded as realized gains.