v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Schedule of Investments [Line Items]      
Investments at Fair Value $ 85,016,596 [1] $ 59,455,010 [2]  
Cost 88,404,806 [3] 62,547,890 [4]  
Structuring fees 382,135 328,250 $ 0
Accelerated original issue discounts due to repayments 295,824 0 9,966
Early repayment income, interest income 0 0 $ 0
Investment, Identifier [Axis]: Aventiv Technologies, LLC, Second Out Super Priority First Lien Term Loan      
Schedule of Investments [Line Items]      
Investments at Fair Value 84,422,000    
Investment owned, discount (premium) 93,000 9,000  
Investment, Identifier [Axis]: Aventiv Technologies, LLC, Third Out Super Priority First Lien Term Loan      
Schedule of Investments [Line Items]      
Investments at Fair Value 2,287,376,000    
Investment owned, discount (premium) 887,516,000 237,243,000  
Investment, Identifier [Axis]: Common Equity, Other - ACON IWP Investors I, L.L.C.      
Schedule of Investments [Line Items]      
Investments at Fair Value 617,500 [1],[5],[6],[7],[8] 659,500 [2],[9],[10],[11],[12],[13]  
Cost 472,357 [3],[5],[6],[7],[8] 472,357 [4],[9],[10],[11],[12],[13]  
Investment, Identifier [Axis]: Common Equity, Other - AP Special Sits Camaro Holdings, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[6],[7],[8],[14] 0    
Cost [3],[5],[6],[7],[8],[14] 0    
Investment, Identifier [Axis]: Common Equity, Other - FullBeauty Brands Holding, Common Stock      
Schedule of Investments [Line Items]      
Investments at Fair Value 0 [1],[5],[6],[7],[8] 6,469 [2],[9],[10],[11],[12],[13]  
Cost 198,026 [3],[5],[6],[7],[8] 198,026 [4],[9],[10],[11],[12],[13]  
Investment, Identifier [Axis]: Common Equity, Other - New WPCC Parent, LLC (Class A Common Stock)      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[6],[7],[8],[15] 142,240    
Cost [3],[5],[6],[7],[8],[15] 93,822    
Investment, Identifier [Axis]: Common Equity, Other - QC Holdings Topco, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[6],[7],[8],[16] 100,000    
Cost [3],[5],[6],[7],[8],[16] 100,000    
Investment, Identifier [Axis]: Common Equity, Other - Recovery Solutions Parent, LLC, Membership Interest      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[6],[7],[8] 987,491    
Cost [3],[5],[6],[7],[8] 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]      
Investments at Fair Value [1],[5],[6],[7],[8] 138,718    
Cost [3],[5],[6],[7],[8] 282,262    
Investment, Identifier [Axis]: Common Equity, Other - Rising Tide Holdings, Inc., Common Stock      
Schedule of Investments [Line Items]      
Investments at Fair Value 0 [1],[5],[6],[7],[8] 28,375 [2],[9],[10],[11],[12],[13]  
Cost 997,560 [3],[5],[6],[7],[8] 997,560 [4],[9],[10],[11],[12],[13]  
Investment, Identifier [Axis]: Common Equity, Other - iQOR Holdings, Inc. (Bloom Aggregator, LP)      
Schedule of Investments [Line Items]      
Investments at Fair Value 75,151 [1],[5],[6],[7],[8] 48,957 [2],[9],[10],[11],[12],[13]  
Cost 50,000 [3],[5],[6],[7],[8] 50,000 [4],[9],[10],[11],[12],[13]  
Investment, Identifier [Axis]: Discovery Point Retreat, LLC, Series A Preferred Stock      
Schedule of Investments [Line Items]      
Investments at Fair Value 68,802,000    
Investment owned, discount (premium) (18,802,000) (50,000)  
Investment, Identifier [Axis]: Preferred Equity - Discovery MSO HoldCo LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value 68,802 [1],[5],[6],[7],[8],[17],[18] 100,000 [2],[9],[10],[11],[12],[13],[19]  
Cost 50,000 [3],[5],[6],[7],[8],[17],[18] 50,000 [4],[9],[10],[11],[12],[13],[19]  
Investment, Identifier [Axis]: Preferred Equity - New WPCC PARENT, LLC (Series A Preferred Stock)      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[6],[7],[8],[15] 231,764    
Cost [3],[5],[6],[7],[8],[15] 177,122    
Investment, Identifier [Axis]: Preferred Equity - Shoes West, LLC (d/b/a Taos Footwear) - Preferred Equity      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[6],[7],[8],[18],[20] 90,444    
Cost [3],[5],[6],[7],[8],[18],[20] 50,000    
Investment, Identifier [Axis]: Preferred Equity - Verify Diagnostic Holdings LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[6],[7],[8] 110,000    
Cost [3],[5],[6],[7],[8] 100,000    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Amneal Pharmaceuticals LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value 2,960,287 [1],[7],[8],[21] 3,004,087 [2],[12],[13],[22]  
Cost 2,893,170 [3],[7],[8],[21] 2,975,183 [4],[12],[13],[22]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[10],[12],[13],[23],[24],[25]   2,440,316  
Cost [4],[10],[12],[13],[23],[24],[25]   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]      
Investments at Fair Value [1],[5],[7],[8],[18],[26] 84,422    
Cost [3],[5],[7],[8],[18],[26] 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]      
Investments at Fair Value [1],[5],[7],[8],[26],[27] 95,193    
Cost [3],[5],[7],[8],[26],[27] 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]      
Investments at Fair Value [1],[7],[8],[18],[21],[26],[27] 2,287,376    
Cost [3],[7],[8],[18],[21],[26],[27] 3,174,893    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Aventiv Technologies, LLC 1      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[10],[12],[13],[23],[24],[25]   175,362  
Cost [4],[10],[12],[13],[23],[24],[25]   175,373  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, BCPE North Star US Holdco 2, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value 4,954,278 [1],[7],[8],[21],[27] 2,876,123 [2],[12],[13],[22],[23]  
Cost 4,820,318 [3],[7],[8],[21],[27] 2,889,240 [4],[12],[13],[22],[23]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Burgess Point Purchaser Corporation      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[7],[8],[21] 2,551,135    
Cost [3],[7],[8],[21] 2,821,071    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, CareerBuilder, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value 10,066 [1],[5],[7],[8],[18],[27],[28] 421,293 [2],[10],[12],[13],[23],[25],[29]  
Cost 719,993 [3],[5],[7],[8],[18],[27],[28] 706,375 [4],[10],[12],[13],[23],[25],[29]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, DRI Holding Inc      
Schedule of Investments [Line Items]      
Investments at Fair Value 3,413,576 [1],[5],[7],[8],[27] 3,451,274 [2],[10],[12],[13],[23]  
Cost 3,293,835 [3],[5],[7],[8],[27] 3,343,548 [4],[10],[12],[13],[23]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, DTI Holdco, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[12],[13],[22],[23]   2,723,046  
Cost [4],[12],[13],[22],[23]   2,692,552  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Discovery Point Retreat, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value 3,940,000 [1],[5],[7],[8] 3,913,600 [2],[10],[12],[13]  
Cost 3,940,000 [3],[5],[7],[8] 3,997,482 [4],[10],[12],[13]  
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]      
Investments at Fair Value [1],[5],[7],[8],[18] 80,929    
Cost [3],[5],[7],[8],[18] 50,752    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Druid City Infusion, LLC - First Lien Term Loan      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[7],[8] 4,963,043    
Cost [3],[5],[7],[8] 4,963,043    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Emerge Intermediate, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value 4,843,302 [1],[5],[7],[8],[18],[26] 5,120,833 [2],[10],[12],[13]  
Cost 5,186,659 [3],[5],[7],[8],[18],[26] 5,117,474 [4],[10],[12],[13]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, First Brands Group      
Schedule of Investments [Line Items]      
Investments at Fair Value 1,865,771 [1],[7],[8],[21] 1,980,167 [2],[12],[13],[22]  
Cost 1,967,705 [3],[7],[8],[21] 1,990,153 [4],[12],[13],[22]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, First Brands Group 1      
Schedule of Investments [Line Items]      
Investments at Fair Value 3,728,860 [1],[7],[8],[21] 3,963,774 [2],[12],[13],[22]  
Cost 3,902,776 [3],[7],[8],[21] 3,950,526 [4],[12],[13],[22]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Global Tel*Link Corporation (d/b/a ViaPath Technologies)      
Schedule of Investments [Line Items]      
Investments at Fair Value 4,888,559 [1],[5],[7],[8] 415,861 [2],[12],[13],[22],[23]  
Cost 4,844,386 [3],[5],[7],[8] 408,112 [4],[12],[13],[22],[23]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Imperative Worldwide, LLC (f/k/a MAGNATE WORLDWIDE, LLC)      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[7],[8] 4,466,250    
Cost [3],[5],[7],[8] 4,386,823    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, MoneyGram International, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value 2,682,544 [1],[5],[7],[8] 2,991,303 [2],[12],[13],[22]  
Cost 2,926,825 [3],[5],[7],[8] 2,979,693 [4],[12],[13],[22]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, NH Kronos Buyer, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[10],[12],[13]   4,984,127  
Cost [4],[10],[12],[13]   4,931,331  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, New WPCC Parent, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[7],[8],[15] 825,238    
Cost [3],[5],[7],[8],[15] 825,238    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, PlayPower, Inc.-First Lien Revolving Line of Credit - Commitment      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[7],[8],[30] 0    
Cost [3],[5],[7],[8],[30] 0    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Playpower, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value 4,296,202 [1],[5],[7],[8] 4,806,257 [2],[10],[12],[13],[23]  
Cost 4,222,652 [3],[5],[7],[8] 4,813,157 [4],[10],[12],[13],[23]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Recovery Solutions Parent, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[7],[8] 681,533    
Cost [3],[5],[7],[8] 391,227    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group and Dynata LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[10],[12],[13],[29]   1,504,009  
Cost [4],[10],[12],[13],[29]   1,904,479  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Research Now Group and Dynata LLC 1      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[10],[12],[13]   59,091  
Cost [4],[10],[12],[13]   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]      
Investments at Fair Value [1],[5],[7],[8],[27] 2,923,690    
Cost [3],[5],[7],[8],[27] 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]      
Investments at Fair Value [1],[5],[7],[8] 1,122,427    
Cost [3],[5],[7],[8] 1,284,051    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, S&S Holdings LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[7],[8],[21] 2,916,144    
Cost [3],[7],[8],[21] 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]      
Investments at Fair Value [1],[5],[7],[8],[18],[20] 252,767    
Cost [3],[5],[7],[8],[18],[20] 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]      
Investments at Fair Value [1],[5],[7],[8],[20] 4,726,250    
Cost [3],[5],[7],[8],[20] 4,726,250    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Verify Diagnostics, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[7],[8],[31] 2,450,000    
Cost [3],[5],[7],[8],[31] 2,500,000    
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, WatchGuard Technologies, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value 4,915,366 [1],[5],[7],[8],[27] 2,985,077 [2],[10],[12],[13],[23]  
Cost 4,867,983 [3],[5],[7],[8],[27] 2,952,217 [4],[10],[12],[13],[23]  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, Wellpath Holdings, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[10],[12],[13],[23],[29]   1,279,736  
Cost [4],[10],[12],[13],[23],[29]   1,974,783  
Investment, Identifier [Axis]: Senior Secured Loans-First Lien, iQOR Holdings, Inc.      
Schedule of Investments [Line Items]      
Investments at Fair Value 4,570,447 [1],[5],[7],[8] 5,000,000 [2],[10],[12],[13]  
Cost 4,570,447 [3],[5],[7],[8] 4,998,727 [4],[10],[12],[13]  
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, QC Holdings, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value [1],[5],[7],[8],[16],[32] 2,500,000    
Cost [3],[5],[7],[8],[16],[32] 2,500,000    
Investment, Identifier [Axis]: Senior Secured Loans-Second Lien, Shutterfly Finance, LLC      
Schedule of Investments [Line Items]      
Investments at Fair Value 1,749,570 [1],[7],[8],[18],[21] 1,559,701 [2],[10],[12],[13],[25]  
Cost 1,839,325 [3],[7],[8],[18],[21] 1,800,331 [4],[10],[12],[13],[25]  
Investment, Identifier [Axis]: Shutterfly Finance, LLC, Second Lien Term Loan      
Schedule of Investments [Line Items]      
Investments at Fair Value 1,749,570,000    
Investment owned, discount (premium) 89,755,000 240,629,000  
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXIV      
Schedule of Investments [Line Items]      
Investments at Fair Value 77,000 [1],[5],[7],[8],[16],[21],[33] 146,300 [2],[9],[10],[12],[13],[34]  
Cost 102,206 [3],[5],[7],[8],[16],[21],[33] 154,682 [4],[9],[10],[12],[13],[34]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Apidos CLO XXVI      
Schedule of Investments [Line Items]      
Investments at Fair Value 80,000 [1],[5],[7],[8],[16],[21],[33],[35] 115,900 [2],[9],[10],[12],[13],[34],[36]  
Cost 96,650 [3],[5],[7],[8],[16],[21],[33],[35] 144,189 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, California CLO IX, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[9],[10],[12],[13],[34]   241,200  
Cost [4],[9],[10],[12],[13],[34]   245,264  
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2014-4-R, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value [2],[9],[10],[12],[13],[34],[36]   116,350  
Cost [4],[9],[10],[12],[13],[34],[36]   127,852  
Investment, Identifier [Axis]: Structured Subordinated Notes, Carlyle Global Market Strategies CLO 2017-5, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 9,700 [1],[5],[7],[8],[16],[21],[33],[35] 265,500 [2],[9],[10],[12],[13],[34],[36]  
Cost 4,281 [3],[5],[7],[8],[16],[21],[33],[35] 299,146 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Galaxy XIX CLO, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 0 [1],[5],[7],[8],[16],[21],[33],[35] 75,300 [2],[9],[10],[12],[13],[34],[36]  
Cost 0 [3],[5],[7],[8],[16],[21],[33],[35] 84,976 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, GoldenTree Loan Opportunities IX, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 0 [1],[5],[7],[8],[16],[21],[33],[35] 0 [2],[9],[10],[12],[13],[34],[36]  
Cost 0 [3],[5],[7],[8],[16],[21],[33],[35] 0 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIII, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 12,875 [1],[5],[7],[8],[16],[21],[33],[35] 24,375 [2],[9],[10],[12],[13],[34],[36]  
Cost 0 [3],[5],[7],[8],[16],[21],[33],[35] 26,231 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Madison Park Funding XIV, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 73,625 [1],[5],[7],[8],[16],[21],[33] 139,250 [2],[9],[10],[12],[13],[34]  
Cost 95,293 [3],[5],[7],[8],[16],[21],[33] 172,319 [4],[9],[10],[12],[13],[34]  
Investment, Identifier [Axis]: Structured Subordinated Notes, OZLM XII, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 0 [1],[5],[7],[8],[16],[21],[33],[35] 0 [2],[9],[10],[12],[13],[34],[36]  
Cost 0 [3],[5],[7],[8],[16],[21],[33],[35] 0 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 30, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 16,340 [1],[5],[7],[8],[16],[21],[33],[35] 165,253 [2],[9],[10],[12],[13],[34],[36]  
Cost 7,365 [3],[5],[7],[8],[16],[21],[33],[35] 187,914 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 31, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 2,200 [1],[5],[7],[8],[16],[21],[33],[35] 79,800 [2],[9],[10],[12],[13],[34],[36]  
Cost 2,425 [3],[5],[7],[8],[16],[21],[33],[35] 88,762 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 36, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 70,950 [1],[5],[7],[8],[16],[21],[33] 247,150 [2],[9],[10],[12],[13],[34],[36]  
Cost 90,770 [3],[5],[7],[8],[16],[21],[33] 299,532 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners 39, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 57,300 [1],[5],[7],[8],[16],[21],[33] 169,775 [2],[9],[10],[12],[13],[34]  
Cost 76,834 [3],[5],[7],[8],[16],[21],[33] 192,728 [4],[9],[10],[12],[13],[34]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XIV, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 0 [1],[5],[7],[8],[16],[21],[33] 17,170 [2],[9],[10],[12],[13],[34],[36]  
Cost 0 [3],[5],[7],[8],[16],[21],[33] 19,839 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XV, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 60,350 [1],[5],[7],[8],[16],[21],[33] 174,450 [2],[9],[10],[12],[13],[34],[36]  
Cost 60,795 [3],[5],[7],[8],[16],[21],[33] 200,197 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Octagon Investment Partners XXI,Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 86,576 [1],[5],[7],[8],[16],[21],[27],[33] 162,417 [2],[9],[10],[12],[13],[23],[34]  
Cost 112,058 [3],[5],[7],[8],[16],[21],[27],[33] 212,222 [4],[9],[10],[12],[13],[23],[34]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO II, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 750 [1],[5],[7],[8],[16],[21],[33] 304,950 [2],[9],[10],[12],[13],[34],[36]  
Cost 907 [3],[5],[7],[8],[16],[21],[33] 384,730 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO VII-R, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 0 [1],[5],[7],[8],[16],[21],[33] 33,855 [2],[9],[10],[12],[13],[34],[36]  
Cost 0 [3],[5],[7],[8],[16],[21],[33] 40,750 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Sound Point CLO XVIII, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 22,425 [1],[5],[7],[8],[16],[21],[33] 93,775 [2],[9],[10],[12],[13],[34],[36]  
Cost 30,954 [3],[5],[7],[8],[16],[21],[33] 108,094 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, THL Credit Wind River 2013-1 CLO, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 10,693 [1],[5],[7],[8],[16],[21],[33] 47,190 [2],[9],[10],[12],[13],[34],[36]  
Cost 14,976 [3],[5],[7],[8],[16],[21],[33] 53,943 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Venture XXXIV CLO, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 54,800 [1],[5],[7],[8],[16],[21],[33] 152,525 [2],[9],[10],[12],[13],[34],[36]  
Cost 73,912 [3],[5],[7],[8],[16],[21],[33] 185,875 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya CLO 2016-1, Ltd.      
Schedule of Investments [Line Items]      
Investments at Fair Value 43,925 [1],[5],[7],[8],[16],[21],[33] 111,325 [2],[9],[10],[12],[13],[34],[36]  
Cost 55,518 [3],[5],[7],[8],[16],[21],[33] 127,801 [4],[9],[10],[12],[13],[34],[36]  
Investment, Identifier [Axis]: Structured Subordinated Notes, Voya IM CLO 2013-1, Ltd      
Schedule of Investments [Line Items]      
Investments at Fair Value 29,752 [1],[5],[7],[8],[16],[21],[27],[33] 72,862 [2],[9],[10],[12],[13],[23],[34],[36]  
Cost 39,977 [3],[5],[7],[8],[16],[21],[27],[33] 86,780 [4],[9],[10],[12],[13],[23],[34],[36]  
California      
Schedule of Investments [Line Items]      
Investments at Fair Value 10,232,607    
Cost 10,111,172    
Texas      
Schedule of Investments [Line Items]      
Investments at Fair Value 9,158,337 9,620,581  
Cost $ 10,269,586 9,880,107  
New Jersey      
Schedule of Investments [Line Items]      
Investments at Fair Value   8,124,920  
Cost   $ 8,092,657  
Investments at Fair Value | Geographic Concentration Risk | California      
Schedule of Investments [Line Items]      
Percentage of total assets at fair value 12.00%    
Investments at Fair Value | Geographic Concentration Risk | Texas      
Schedule of Investments [Line Items]      
Percentage of total assets at fair value 10.80% 16.20%  
Investments at Fair Value | Geographic Concentration Risk | New Jersey      
Schedule of Investments [Line Items]      
Percentage of total assets at fair value   13.70%  
[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] 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, 2025 was $85,016,596, 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 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.
[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 June 30, 2024 was $59,455,010, 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] 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.
[15] Our position in New WPCC Parent stemmed from a restructuring of Wellpath, Inc. of which we held a first lien term loan.
[16] 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.
[17] 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.
[18] 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.
[19] 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.
[20] Shoes West, LLC and Shoes West Distribution, LLC are joint borrowers on the First Lien Term Loan A and First Lien Term Loan B.
[21] Investment is categorized as Level 2 investments in accordance with ASC 820. See Note 2 within the accompanying notes to the consolidated financial statements.
[22] Investment is categorized as Level 2 investments in accordance with ASC 820. See Note 2 within the accompanying notes to the consolidated financial statements.
[23] 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 
[24] 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.
[25] 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.
[26] 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.
[27] 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 
[28] Investment on non-accrual status as of the reporting date (See Note 2).
[29] Investment on non-accrual status as of the reporting date (See Note 2).
[30] On August 28, 2024, PFLOAT committed to a $656,566 first-lien revolving line of credit, which is undrawn as of June 30, 2025.
[31] 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.
[32] 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.
[33] 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.
[34] 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.
[35] Security was called for redemption and the liquidation of the underlying loan portfolio is ongoing.
[36] 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.