10-Q 1 pflt-20240331.htm 10-Q 10-Q
Q2--09-30false0001504619MDhttp://fasb.org/us-gaap/2023#UnrealizedGainLossInvestmentAndDerivativeOperatingBeforeTaxhttp://fasb.org/us-gaap/2023#UnrealizedGainLossInvestmentAndDerivativeOperatingBeforeTaxAug 31 20260001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9% , Schlesinger Global, Inc. (Revolver), Maturity 07/14/2025, Industry Professional Services, Instruments, and Components, Current Coupon 12.52%, Basis Point Spread Above Index 1M SOFR+7152023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Mission Critical Electronics, Inc. Maturity 03/28/2024 Industry Capital Equipment Current Coupon 10.65% Basis Point Spread Above Index SOFR+5152023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 5/23/2024 Industry Media: Advertising, Printing & Publishing Current Coupon 11.04% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9%, Walker Edison Furniture, LLC - Term Loan, Maturity 03/31/2027, Industry Wholesale, Current Coupon 12.18% Basis Point Spread Above Index 1M SOFR+6852022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Municipal Emergency Services, Inc. (Revolver) Maturity 10/1/2027 Industry Distributors2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Output Services Group, Inc - Last-Out Term Loan Maturity 11/30/2028 Industry Business Services Current Coupon 13.82% Basis Point Spread Above Index SOFR+8432023-10-012024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, Equity Interests—8.3%, New MPE Holdings, LLC (Marketplace Events, LLC), Industry Media: Diversified and Production2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Arcfield Acquisition Corp. (Revolver) Maturity 08/04/2028 Industry Aerospace and Defense2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% OSP Embedded Aggregator, LP Industry Aerospace and Defense2023-10-012024-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% BioDerm Holdings, LP Industry Healthcare Equipment and Supplies2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% S101 Holdings, Inc. - Unfunded Term Loan 2 Maturity 12/15/2024 Industry Electronic Equipment, Instruments, and Components2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MDI Buyer, Inc. Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 11.09% Basis Point Spread Above Index 3M SOFR+6252023-09-300001504619pflt:NonControlledNonAffiliatedInvestmentsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Research Now Group, Inc. and Dynata, LLC, Maturity 12/20/2024, Industry Business Services, Current Coupon 11.13%, Basis Point Spread Above Index 3M SOFR+5762022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% A1 Garage Merger Sub, LLC Maturity 12/22/2028 Industry Commercial Services & Supplies2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Total2023-09-300001504619pflt:PennantParkTSOSeniorLoanFundLPMember2021-04-012021-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Graffiti Buyer, Inc, Maturity 12/8/2023/2027, Industry Trading Companies & Distributors2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Integrity Marketing Acquisition, LLC Maturity 08/27/2026 Industry Insurance Current Coupon 11.57% Basis Point Spread Above Index 3M SOFR+6152023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name The Bluebird Group LLC, Maturity 7/27/2026, Industry Professional Services, Current Coupon 12.79%, Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001504619pflt:HotelsRestaurantsAndLeisureMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), TPC Holding Company, LP, Industry Food Products2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare Providers and Services Current Coupon 12.60% Basis Point Spread Above Index 3M SOFR+7252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Output Services Group, Inc. Maturity 06/27/2026 Industry Business Services Current Coupon 0.00%2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Sargent & Greenleaf Inc, Maturity 12/20/2024, Industry Wholesale, Current Coupon 12.92% (PIK 1.00%), Basis Point Spread Above Index SOFR+7602022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Magnolia Topco LP - Class B Preferred Equity Industry Automobiles2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Riverpoint Medical, LLC, Maturity 06/20/2025, Industry Healthcare Equipment and Supplies, Current Coupon 10.54%, Basis Point Spread Above Index 3M SOFR+5152022-10-012023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, First Lien Secured Debt—36.8%, PennantPark Senior Secured Loan Fund I LLC, Maturity 05/06/2024, Industry Financial Services, Current Coupon 13.33%, Basis Point Spread Above Index 3M SOFR+8002023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% MBS Holdings, Inc. (Revolver) Maturity 4/16/2027 Industry Internet Software and Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Delta InvestCo LP (Sigma Defense Systems, LLC), Industry IT Services One2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) - Unfunded Term Loan, Maturity 06/15/2029, Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, eCommission Financial Services, Inc (Revolver), Maturity 10/05/2023, Industry Banking, Finance, Insurance & Real Estate2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Signature CR Intermediate Holdco, Inc, Industry Commercial Services & Supplies2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Owl Acquisition, LLC Maturity 12/24/2028 Industry Professional Services Current Coupon 10.80% Basis Point Spreads Above Index SOFR+5752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% PlayPower, Inc. Maturity 05/08/2026 Industry Leisure Products Current Coupon 10.92% Basis Point Spread Above Index 3M SOFR+5652022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MBS Holdings, Inc. (Revolver) Maturity 04/16/2027 Industry Internet Software and Services Current Coupon 11.17% Basis Point Spread Above Index 1M SOFR+5852022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Smartronix, LLC Maturity 11/23/2028 Industry Aerospace and Defense Current Coupon 11.49% Basis Point Spread Above Index 1M SOFR+6352024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name EDS Buyer, LLC Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.64% Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Kinetic Purchaser, LLC, Industry Personal Products2022-10-012023-09-3000015046192023-04-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (Integrative Nutrition, LLC), Ironclad Holdco, LLC, ITC Infusion Co-invest, LP, Industry Healthcare Equipment and Supplies2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Inventus Power, Inc. Maturity 6/30/2025 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.94% Basis Point Spread Above Index 3M SOFR+7612024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC) Industry Aerospace and Defense2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Watchtower Intermediate, LLC - Unfunded Term Loan Maturity 12/1/2025 Industry Electronic Equipment, Instruments, and Components2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% The Vertex Companies, LLC Maturity 8/30/2027 Industry Construction & Engineering Current Coupon 11.22% Basis Point Spread Above Index 1M SOFR+6102024-01-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP), Industry Media2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Infinity Home Services Holdco, Inc. (Revolver) Maturity 12/28/2028 Industry Commercial Services & Supplies2023-09-300001504619us-gaap:EquityMemberpflt:InvestmentsCostMember2024-03-310001504619pflt:ClassA1SeniorSecuredFloatingRateLoansMemberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, OHCP V BC COI, L.P, Industry Distributors2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Municipal Emergency Services, Inc. (Revolver) Maturity 10/01/2027 Industry Distributors2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Meadowlark Title, LLC, Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% The Vertex Companies, LLC Maturity 8/30/2027 Industry Construction & Engineering Current Coupon 11.22% Basis Point Spread Above Index 1M SOFR+6102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Quantic Electronics, LLC (Revolver) Maturity 11/19/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name CHA Holdings, Inc..Maturity 4/10/2025 Industry Construction and Engineering Current Coupon 10.15% Basis Point Spread Above Index SOFR+4762023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.1% Subordinate Debt2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) (Revolver), Maturity 06/15/2029, Industry Professional Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lash OpCo, LLC Maturity 02/18/2027 Industry Personal Products Current Coupon 11.88% Basis Point Spread Above Index 1M SOFR+6752023-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMemberpflt:InvestmentInSinglePortfolioCompanyMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2025 Industry Capital Equipment Current Coupon 11.72% Basis Point Spread Above Index SOFR+6402024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Watchtower Intermediate, LLC Maturity 12/1/2029 Industry Electronic Equipment, Instruments, and Components Coupon 11.31% Basis Point Spread Above Index 3M SOFR+6002024-01-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Burgess Point Purchaser Corporation Maturity 9/26/2029 Automotive Current Coupon 10.78% Basis Point Spread Above Index SOFR+5252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, A1 Garage Equity, LLC, Industry Commercial Services & Supplies2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% A1 Garage Merger Sub, LLC - Unfunded Term Loan Maturity 12/22/2028 Industry Commercial Services & Supplies2024-03-310001504619pflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMembersrt:WeightedAverageMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Blackhawk Industrial Distribution, Inc. - Unfunded Term Loan Maturity 9/17/2026 Industry Distributors2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% AFC Dell Holding Corp. Maturity 04/09/2027 Industry Distributors Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6402023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Wildcat Buyerco, Inc. Maturity 2/26/2027 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Wildcat Parent, LP (Wildcat Buyerco, Inc.) Industry Electronic Equipment, Instruments, and Components2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Imagine Acquisitionco, LLC Maturity 11/15/2027 Industry Software Current Coupon 10.72% Basis Point Spread Above Index SOFR+5352022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Schlesinger Global, Inc. (Revolver) Maturity 07/14/2025 Industry Professional Services (PIK 5.60%)2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Research Now Group, LLC and Dynata, LLC Maturity 12/20/2024 Industry Diversified Consumer Services Current Coupon 11.14% Basis Point Spread Above Index SOFR+5762023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Lucky Bucks, LLC - Last-Out Term Loan Maturity 10/2/2029 Industry Hotel, Gaming and Leisure Current Coupon 12.97% Basis Point Spread Above Index SOFR+7652023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% BioDerm, Inc. (Revolver) Maturity 01/31/2028 Industry Healthcare Equipment and Supplies2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Lash OpCo, LLC Maturity 2/18/2027 Industry Personal Products Current Coupon 12.13% Basis Point Spread Above Index SOFR+6752023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Marketplace Events, LLC - Super Priority First Lien Unfunded Term Loan (3) Maturity 9/30/2025 Industry Media: Diversified and Production2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Magenta Buyer, LLC Maturity 7/31/2028 Industry Software Current Coupon 10.57% Basis Point Spread Above Index SOFR+5002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (American Insulated Glass, LLC), Icon Partners V C, L.P, Industry Internet Software and Services2022-10-012023-09-300001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Quantic Electronics, LLC (Revolver) Maturity 11/19/2026 Industry Electronic Equipment, Instruments, and Components2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Signature Systems Holding Company (Revolver) Maturity 05/03/2024 Industry Commercial Services & Supplies2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Crane 1 Services, Inc (Revolver), Maturity 08/16/2027, Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Watchtower Intermediate, LLC (Revolver) Maturity 12/1/2029 Industry Electronic Equipment, Instruments, and Components2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Any Hour Services Maturity 7/21/2027 Industry Professional Services Current Coupon 11.00% Basis Point Spread Above Index SOFR+5852024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Electro Rent Corporation Maturity 1/17/2024 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.00% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Pequod Merger Sub, Inc. - Unfunded Term Loan Maturity 12/02/2026 Industry Diversified Financial Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Integrity Marketing Acquisition, LLC Maturity - 8/27/2026 Industry Insurance Current Coupon 11.48% Basis Point Spread Above Index SOFR+6152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, ECL Entertainment, LLC, Maturity 08/31/2030, Industry Hotels, Restaurants and Leisure, Current Coupon 10.14%, Basis Point Spread Above Index 3M SOFR+4752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Rancho Health MSO, Inc. (Revolver), Maturity 11/18/2025, Industry Healthcare Equipment and Supplies, Current Coupon 11.24%, Basis Point Spread Above Index 3M SOFR+5852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.93% (PIK 1.00%) Basis Point Spread Above Index 1M SOFR+7602023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Duraco Specialty Tapes LLC Maturity 6/30/2024 Industry Containers and Packaging Current Coupon 12.43% Basis Point Spread Above Index SOFR+6502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Output Services Group, Inc. - Last-out Term Loan Maturity 5/30/2028 Industry Business Services Current Coupon 12.07% Basis Point Spread Above Index 3M SOFR+6682023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Owl Acquisition, LLC Maturity 12/24/2028 Industry Professional Services Current Coupon 10.80% Basis Point Spread Above Index SOFR+5752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% ORL Acquisition, Inc. Maturity 09/03/2027 Industry Consumer Finance Current Coupon 12.84% Basis Point Spread Above Index 6M SOFR+7252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Cartessa Aesthetics, LLC Maturity 6/14/2028 Industry Distributors Current Coupon 11.06% Basis Point Spread Above Index 1M SOFR+5752023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Sargent & Greenleaf Inc. Maturity 12/20/2024 Industry Wholesale Current Coupon 12.93% (PIK 1.00%) Basis Point Spread Above Index SOFR+7602024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% TPC Holding Company, LP Industry Food Products2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Quad (U.S.) Co-Invest, L.P, Industry Professional Services2022-10-012023-09-300001504619pflt:IncentiveFeePaymentConditionOneMember2023-10-012024-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Eisner Advisory Group, LLC Maturity 2/23/2031 Industry Professional Services Current Coupon 9.33% Basis Point Spread Above Index 3M SOFR+4002023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name DRS Holdings III, Inc.. Maturity 11/3/2025 Industry Consumer Goods: Durable Current Coupon 11.79% Basis Point Spread Above Index SOFR+6402022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Urology Management Holdings, Inc, Maturity 6/15/2026, Industry Healthcare and Pharmaceuticals, Current Coupon 11.79%, Basis Point Spread Above Index SOFR+5652022-10-012023-09-300001504619us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:SecondLienMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Confluent Health, LLC Maturity 10/28/2028 Industry Healthcare and Pharmaceuticals Current Coupon 9.44% Basis Point Spread Above Index SOFR+4002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Infinity Home Services Holdco, Inc. - 1st Amendment Unfunded Term Loan Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 14.25% Basis Point Spread Above Index 3M SOFR+5752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% OSP Embedded Purchaser, LLC Maturity 12/15/2029 Industry Aerospace and Defense Current Coupon 11.16% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name PH Beauty Holdings III, Inc. Maturity 9/29/2025 Industry Wholesale Current Coupon 10.65% Basis Point Spread Above Index SOFR+5002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Graffiti Buyer, Inc (Revolver), Maturity 08/10/2027, Industry Trading Companies & Distributors, Current Coupon 10.98%, Basis Point Spread Above Index 3M SOFR+5752023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name ETE Intermediate II, LLC Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 11.89% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (American Insulated Glass, LLC), Icon Partners V C, L.P, Industry Internet Software and Services One2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% eCommission Holding Corporation Industry Banking, Finance, Insurance & Real Estate2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% PennantPark-TSO Senior Loan Fund, LP Industry Financial Services2024-03-310001504619pflt:ElectronicEquipmentInstrumentsAndComponentsMember2024-03-310001504619Related Party PSSL Equity Securities - 3.9% - Issuer Name New MPE Holdings, LLC, Industry Media: Diversified and Production2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Kinetic Purchaser, LLC, Industry Personal Products2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Five Star Buyer, Inc., Maturity 02/23/2028, Industry Hotels, Restaurants and Leisure, Current Coupon 12.43%, Basis Point Spread Above Index 1M SOFR+7102023-09-300001504619pflt:FirstLienMemberpflt:InvestmentsFairValueMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Tyto Athene, LLC Maturity 04/01/2028 Industry IT Services Current Coupon 10.90% Basis Point Spread Above Index 3M SOFR+5652022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2024 Industry Capital Equipment Current Coupon 11.74% Basis Point Spread Above Index SOFR+6432022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Any Hour Services (Revolver), Maturity 07/21/2027, Industry Energy Equipment and Services2023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandThirtyOneAssetBackedDebtMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Lightspeed Buyer Inc. Maturity 2/3/2026 Industry Healthcare Providers and Services Current Coupon 11.70% Basis Point Spread Above Index SOFR+5352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% System Planning and Analysis, Inc. - (Revolver) Maturity 08/16/2027 Industry Aerospace and Defense2024-03-310001504619pflt:MeasurementInputBrokerOrDealerBidsOrQuotesMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Cartessa Aesthetics, LLC Maturity 6/14/2028 Industry Distributors Current Coupon 11.39% Basis Point Spread Above Index SOFR+6002023-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMemberpflt:ClassC1SecuredDeferrableFloatingRateNotesDue2031Member2019-09-012019-09-300001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Ox Two, LLC Maturity 5/18/2026 Industry Construction and Building Current Coupon 12.47% Basis Point Spread Above Index 1M SOFR+6512023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.), Maturity 6/15/2029, Industry High Tech Industries, Current Coupon 11.52%, Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001504619pflt:PennantParkTSOSeniorLoanFundLPMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Infolinks Media Buyco, LLC Maturity 11/01/2026 Industry Media Current Coupon 11.17% Basis Point Spread Above Index 1M SOFR+5852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Loving Tan Intermediate II, Inc. Maturity 05/31/2028 Industry Personal Products Current Coupon 12.31% Basis Point Spread Above Index 3M SOFR+7002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Meadowlark Acquirer, LLC (Revolver) Maturity 12/10/2027 Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Loving Tan Intermediate II, Inc. Maturity 05/31/2028 Industry Personal Products2023-09-300001504619pflt:ControlledAffiliatedInvestmentsMember2024-01-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Mission Critical Electronics, Inc. (Revolver) Maturity 3/28/2024 Industry Capital Equipment2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, A1 Garage Merger Sub, LLC LLC (Revolver), Maturity 12/22/2028, Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% AG Investco LP Industry Software One2024-03-310001504619pflt:TextilesApparelAndLuxuryGoodsMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Five Star Buyer, Inc. Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure Current Coupon 12.46% Basis Point Spread Above Index 3M SOFR+7102023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Exigo Intermediate II, LLC Maturity 3/15/2027 Industry Software Current Coupon 11.43% Basis Point Spread Above Index SOFR+6102023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Crane 1 Services, Inc. (Revolver) Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+5012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name NBH Group LLC Maturity 8/19/2026 Industry Healthcare, Education & Childcare Current Coupon 10.93% Basis Point Spread Above Index SOFR+5252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Apex Service Partners, LLC, Maturity 07/31/2025, Industry Diversified Consumer Services, Current Coupon 10.52%, Basis Point Spread Above Index 3M SOFR+5252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Pragmatic Institute, LLC - Unfunded Term Loan Maturity 07/06/2028 Industry Professional Services2022-10-012023-09-300001504619pflt:SeniorSecuritiesMember2018-04-052018-04-050001504619pflt:TwoThousandAndTwentySixNotesTwoMember2020-12-152020-12-150001504619Related Party PSSL First Lien Secured Debt - 1,425.9%2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 9/17/2026 Industry Distributors Current Coupon 11.70% Basis Point Spread Above Index SOFR+6252024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, First Lien Secured Debt—36.8%, Marketplace Events, LLC, Maturity 09/30/2026, Industry Media: Diversified and Production, Current Coupon 10.94%, Basis Point Spread Above Index 3M SOFR+5502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (Integrative Nutrition, LLC), Imagine Topco, LP (Common), Industry Software2022-10-012023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandTwentySixNotesPayableMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), WCP IvyRehab QP CF Feeder, LP, Industry Healthcare Providers and Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (American Insulated Glass, LLC), HPA SPQ Aggregator LP, Industry Professional Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Mission Critical Electronics, Inc. Maturity 3/28/2024 Industry Capital Equipment Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% IG Investments Holdings, LLC (Revolver) Maturity 9/22/2027 Industry Professional Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Apex Service Partners, LLC, Maturity 07/31/2025, Industry Diversified Consumer Services, Current Coupon 10.52%, Basis Point Spread Above Index 3M SOFR+5252023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Neptune Flood Incorporated - Revolver Unfunded Maturity 05/09/2029 Industry Insurance2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% EDS Topco, LP Industry Electronic Equipment, Instruments, and Components2024-03-310001504619Marketplace Events, LLC2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% PL Acquisitionco, LLC (Preferred Equity) Industry Textiles, Apparel and Luxury Goods2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Omnia Exterior Solutions, LLC Maturity 12/29/2029 Industry Diversified Consumer Services Current Coupon 10.80% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, SBI Holdings Investments LLC (Sales Benchmark Index LLC), Industry Professional Services2023-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateLoansMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-290001504619pflt:AerospaceAndDefenseMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Omnia Exterior Solutions, LLC (Revolver) Maturity 12/29/2029 Industry Diversified Consumer Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 Industry Insurance Current Coupon 10.90% Basis Point Spread Above Index 3M SOFR+5602023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% LJ Avalon Holdings, LLC (Revolver) Maturity 01/31/2030 Industry Construction & Engineering2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, LJ Avalon, LP, Industry Construction & Engineering2023-09-300001504619Related Party PSSL Equity Securities - 3.9% - Issuer Name New Walker Edison Furniture - Common Equity, Industry Wholesale2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Tower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC) Industry Media2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Crane 1 Services, Inc. Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+5012023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name CHA Holdings, Inc..Maturity 4/10/2025 Industry Construction and Engineering Current Coupon 10.15% Basis Point Spread Above Index SOFR+4762022-10-012023-09-300001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Recteq, LLC - Unfunded Revolver Maturity 1/29/2026 Industry Leisure Products2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PCS Midco, Inc. - Revolver Maturity 3/1/2030 Industry Professional Services Current Coupon 11.08% Basis Point Spread Above Index 3M SOFR+5752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% UniTek Global Services, Inc. (Warrants) Industry Telecommunications2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Blackhawk Industrial Distribution, Inc, Maturity 09/17/2026, Industry Distributors, Current Coupon 11.79%, Basis Point Spread Above Index 3M SOFR+6402023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Skopima Consilio Parent, LLC Maturity 5/17/2028 Industry Business Services Current Coupon 9.94% Basis Point Spread Above Index 1M SOFR+4502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC), Industry Aerospace and Defense2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Mission Critical Electronics, Inc. Maturity 3/28/2024 Industry Capital Equipment Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+6252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MBS Holdings, Inc. (Revolver) Maturity 04/16/2027 Industry Internet Software and Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Gauge Schlesinger Coinvest LLC (Preferred Equity) Industry Professional Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Gauge Schlesinger Coinvest LLC, Industry Professional Services2022-10-012023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, Equity Interests—8.3% Total2023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Ad.net Acquisition, LLC, Maturity 05/07/2026, Industry Media, Current Coupon 11.65%, Basis Point Spread Above Index 3M SOFR+6262022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% UniVista Insurance Industry Insurance2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Walker Edison Furniture Company LLC - DDTL - Unfunded, Maturity 3/31/2027, Industry Wholesale2023-09-300001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PL Acquisitionco, LLC Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 12.43% (PIK 350%) Basis Point Spread Above Index 3M SOFR+7102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, ORL Holdco, Inc, Industry Consumer Finance2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Mars Intermediate Holdings II, Inc. Industry Media2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,398.7% Issuer Name A1 Garage Merger Sub, LLC Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 11.84% Basis Point Spread Above Index SOFR+6602022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Ox Two, LLC (Revolver) Maturity 5/18/2026 Industry Construction and Building2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9 Lightspeed Buyer Inc. Maturity 02/03/2026 Industry Healthcare Technology Current Coupon 10.68% Basis Point Spread Above Index 1M SOFR+5352023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Zips Car Wash, LLC Maturity 12/31/2024 Industry Automobiles Current Coupon 12.68% (PIK 1.50%) Basis Point Spread Above Index 3M SOFR+7352024-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carisk Buyer, Inc.- Unfunded Term Loan Maturity 12/01/2029 Industry Healthcare Technology2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Wildcat Buyerco, Inc, Maturity 2/27/2026, Industry Electronic Equipment, Instruments, and Components, Current Coupon 10.54%, Basis Point Spread Above Index SOFR+5152023-09-300001504619pflt:AdministratorMember2022-10-012023-03-310001504619Liabilities in Excess of Other Assets—(122.4)%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Ox Two, LLC (Revolver) Maturity 5/18/2026 Industry Construction and Building2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, CF512, Inc., Maturity 08/20/2026, Industry Media, Current Coupon 11.59%, Basis Point Spread Above Index 3M SOFR+6192022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name CF512, Inc.Maturity 8/20/2026 Industry Media Current Coupon 11.60% Basis Point Spread Above Index SOFR+6192022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Sales Benchmark Index LLC, Maturity 1/3/2025, Industry Professional Services, Current Coupon 11.59%, Basis Point Spread Above Index SOFR+6202023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Graffiti Buyer, Inc, Maturity 08/10/2027, Industry Trading Companies & Distributors, Current Coupon 10.98%, Basis Point Spread Above Index 3M SOFR+5502022-10-012023-09-300001504619pflt:SubordinateDebtMemberpflt:InvestmentsCostMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Delta InvestCo LP (Sigma Defense Systems, LLC) Industry IT Services2023-10-012024-03-310001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% One Stop Mailing, LLC Maturity 5/7/2027 Industry Air Freight and Logistics Current Coupon 11.69% Basis Point Spread Above Index 3M SOFR+6362024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Imagine Acquisitionco, LLC (Revolver) Maturity 11/15/2027 Industry Software2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), WCP IvyRehab QP CF Feeder, LP, One, Industry Healthcare Providers and Services2023-09-300001504619pflt:InsuranceMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Total Preferred Equity— 1.8%2023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% Equity Interests—8.4% New MPE Holdings, LLC (Marketplace Events, LLC) Industry Media: Diversified and Production2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare Providers and Services Current Coupon 12.51% Basis Point Spread Above Index SOFR+7152023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Blackhawk Industrial Distribution, Inc. Maturity 9/17/2026 Industry Distributors2023-10-012024-03-310001504619pflt:TruistCreditFacilityMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Megawatt Acquisitionco, Inc Maturity 3/1/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 10.58% Basis Point Spread Above Index 3M SOFR+5252023-10-012024-03-310001504619pflt:LeisureProductsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, QuantiTech InvestCo LP, Industry Aerospace and Defense One2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Zips Car Wash, LLC Maturity 12/31/2024 Industry Automobiles Current Coupon 12.68% Basis Point Spread Above Index SOFR+7352023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%,First Lien Secured Debt—101.9%2023-09-300001504619pflt:EndOfPeriodMember2022-10-012023-03-310001504619pflt:PriorCreditFacilityMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Applied Technical Services, LLC - Unfunded Term Loan Maturity 07/17/2025 Industry Commercial Services & Supplies2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Duraco Specialty Tapes LLC Maturity 6/30/2024 Industry Containers and Packaging Current Coupon 12.43% Basis Point Spread Above Index 3M SOFR+6502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Crane 1 Services, Inc. (Revolver) Maturity 8/16/2027 Industry Commercial Services & Supplies2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) Maturity 06/10/2025 Industry Media Current Coupon 11.73% Basis Point Spread Above Index 3M SOFR+6402023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Hills Distribution, Inc Maturity 11/8/2029 Industry Business Services Current Coupon 11.32% Basis Point Spread Above Index SOFR+6002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, SP L2 Holdings, LLC (Ledge Lounger, Inc.), Industry Leisure Products2023-09-300001504619pflt:DiversifiedFinancialServicesMember2023-09-300001504619pflt:AdministratorMember2023-01-012023-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 05/23/2024 Industry Media: Advertising, Printing & Publishing Current Coupon 11.23% Basis Point Spread Above Index SOFR+5652023-10-012024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, Equity Interests—8.3%, PennantPark Senior Secured Loan Fund I LLC, Industry Financial Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Dr. Squatch, LLC Unfunded Revolver Maturity 8/31/2027 Industry Personal Products2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Imagine Acquisitionco, LLC Maturity 11/15/2027 Industry Software Current Coupon 10.72% Basis Point Spread Above Index SOFR+5352023-09-300001504619pflt:ElectronicEquipmentInstrumentsAndComponentsMember2023-09-300001504619Related Party PSSL First Lien Secured Debt 1,425.9%- Issuer Name A1 Garage Merger Sub, LLC Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 11.68% Basis Point Spread Above Index SOFR+6602023-10-012024-03-310001504619pflt:TwoThousandThirtyTwoAssetBackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2023-09-300001504619pflt:MediaMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, UniTek Global Services, Inc, Industry Telecommunications, Current Coupon 13.50%2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien SecuredDebt - 101.9% Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare Providers and Services Current Coupon 12.50% Basis Point Spread Above Index 3M SOFR+7152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% EDS Buyer, LLC. (Revolver) Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Beta Plus Technologies, Inc. Maturity 7/1/2029 Industry Business Services Current Coupon 11.14% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Seaway Buyer, LLC Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 11.46% Basis Point Spread Above Index SOFR+6152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Mission Critical Electronics, Inc. Maturity 3/28/2024 Industry Capital Equipment2023-10-012024-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueEnterpriseMarketValueMemberpflt:MeasurementInputOnDiscountForLackOfMarketabilityMemberus-gaap:EquityMethodInvestmentsMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% The Bluebird Group LLC Maturity 7/28/2026 Industry Professional Services Current Coupon 11.96% Basis Point Spread Above Index 3M SOFR+6652023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 Industry Insurance Current Coupon 10.90% Basis Point Spread Above Index SOFR+5602024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% North Haven Saints Equity Holdings, LP Industry Healthcare Technology2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Solutionreach, Inc. (Revolver) Maturity 07/17/2025 Industry Healthcare Technology2024-03-310001504619us-gaap:FairValueInputsLevel2Memberus-gaap:EquityMethodInvestmentsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Five Star Parent Holdings, LLC Industry Hotels, Restaurants and Leisure2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Seaway Buyer, LLC Maturity 06/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6152023-09-300001504619Related Party PSSL, Total Investments - 1,351.4%2023-09-300001504619pflt:TwoThousandTwentySixNotesPayableMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Pragmatic Institute, LLC Maturity 7/6/2028 Industry Education Current Coupon 11.14% Basis Point Spread Above Index SOFR+5752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TCG 3.0 Jogger Acquisitionco, Inc. - (Revolver) Maturity 1/26/2029 Industry Media2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Anteriad, LLC (f/k/a MeritDirect, LLC) (Revolver) Loan Maturity 06/30/2026 Industry Media Current Coupon 11.18% Basis Point Spread Above Index 3M SOFR+5602023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Riverpoint Medical, LLC (Revolver) Maturity 6/20/2025 Industry Healthcare Equipment and Supplies Current Coupon 10.73% Basis Point Spread Above Index 3M SOFR+5102023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Lightspeed Buyer Inc. Maturity 2/3/2026 Industry Healthcare Providers and Services Current Coupon 10.68% Basis Point Spread Above Index SOFR+5352024-03-310001504619srt:MaximumMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (Integrative Nutrition, LLC), IHS Parent Holdngs, L.P, Industry Commercial Services & Supplies2022-10-012023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% First Lien Secured Debt — 33.4% PennantPark Senior Secured Loan Fund I LLC Maturity 05/06/2024 Industry Financial Services Current Coupon 13.32% Basis Point Spread Above Index 3M SOFR+8002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Exigo, LLC Industry Software2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, PennantPark-TSO Senior Loan Fund, LP, Industry Financial Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Dr. Squatch, LLC Maturity 8/31/2027 Industry Personal Products Current Coupon 11.16% Basis Point Spread Above Index 3M SOFR+5852024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name LJ Avalon Holdings, LLC Maturity 1/31/2030 Industry Environmental Industries Current Coupon 11.77% Basis Point Spread Above Index SOFR+6402022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% OHCP V BC COI, L.P. Industry Distributors One2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% LAV Gear Holdings, Inc. (Revolver) Maturity 10/31/2025 Industry Capital Equipment Current Coupon 11.72% Basis Point Spread Above Index 1M SOFR+6402023-10-012024-03-310001504619pflt:PriorCreditFacilityMember2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Holdco Sands Intermediate, LLC Maturity 11/23/2028 Industry Aerospace and Defense Current Coupon 11.32% Basis Point Spread Above Index SOFR+5852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Secured Debt - 144.9% Keel Platform, LLC Maturity 1/19/2031 Industry Metals and Mining Current Coupon 10.55% Basis Point Spread Above Index 3M SOFR+5252023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Ad.net Acquisition, LLC Maturity 5/7/2026 Industry Media Current Coupon 11.65% Basis Point Spread Above Index SOFR+6262022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% FedHC InvestCo LP Industry Aerospace and Defense2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% MOREGroup Holdings, Inc. - Unfunded Term Loan Maturity 1/16/2026 Industry Construction & Engineering2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% HPA SPQ Aggregator LP Industry Professional Service2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Seaway Buyer, LLC Maturity 6/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 11.46% Basis Point Spread Above Index SOFR+6152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Ox Two, LLC (Revolver) Maturity 05/18/2026 Industry Construction and Building2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 Industry Commercial Services & Supplies Current Coupon 11.54% Basis Point Spread Above Index SOFR+6152023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Crane 1 Services, Inc. (Revolver) Maturity 8/16/2027 Industry Commercial Services & Supplies2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% GMP Hills, L.P. Industry Distributors2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Recteq, LLC Maturity 1/29/2026 Industry Leisure Products Current Coupon 12.50% Basis Point Spread Above Index SOFR+7152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Medina Health, LLC (Revolver) Maturity 10/20/2028 Industry Healthcare Providers and Services Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Loving Tan Intermediate II, Inc. Maturity 05/31/2028 Industry Personal Products Current Coupon 12.31% Basis Point Spread Above Index 3M SOFR+7002024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Wildcat Buyerco, Inc. Maturity 2/27/2027 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.06% Basis Point Spread Above Index SOFR+5752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Mission Critical Electronics, Inc. (Revolver) Maturity 3/28/2024 Industry Capital Equipment2023-10-012024-03-310001504619Related Party PSSL Investments and Cash Equivalents — 1,536.4%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Icon Partners V C, L.P. Industry Internet Software and Services One2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Graffiti Buyer, Inc. (Revolver) Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 10.94% Basis Point Spread Above Index 3M SOFR+5602024-03-310001504619pflt:HotelsRestaurantsAndLeisureMember2023-09-300001504619pflt:FirstLienSecuredDebtMembersrt:MinimumMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9% , Schlesinger Global, Inc., Maturity 07/14/2025, Industry Professional Services, Instruments, and Components, Current Coupon 12.07, Basis Point Spread Above Index 3M SOFR+7152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Riverside Assessments, LLC, Maturity 03/10/2025, Industry Professional Services, Current Coupon 11.29%, Basis Point Spread Above Index 3M SOFR+5902022-10-012023-09-300001504619pflt:AtTheMarketOfferingMember2024-01-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% SV Aero Holdings, LLC Industry Aerospace and Defense2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% The Vertex Companies, LLC (Revolver) Maturity 08/30/2027 Industry Construction & Engineering2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Global Holdings InterCo LLC, Maturity 03/16/2026, Industry Diversified Financial Services, Current Coupon 11.96%, Basis Point Spread Above Index 3M SOFR+6602022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Arcfield Acquisition Corp. Maturity 8/3/2029 Industry Aerospace and Defense Current Coupon 11.54% Basis Point Spread Above Index SOFR + 6252023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name ITI Holdings, Inc. Maturity 3/3/2028 Industry IT Services Current Coupon 10.97% Basis Point Spread Above Index SOFR+5602024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—41.8%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Applied Technical Services, LLC Maturity 12/29/2026 Industry Commercial Services & Supplies Current Coupon 11.22% Basis Point Spread Above Index 3M SOFR+5902023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lash OpCo, LLC Maturity 02/18/2027 Industry Personal Products Current Coupon 11.88% Basis Point Spread Above Index 1M SOFR+6752022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name One Stop Mailing, LLC Maturity 5/7/2027 Industry Air Freight and Logistics Current Coupon 11.68% Basis Point Spread Above Index SOFR+6362023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Hills Distribution Inc Maturity 11/7/2029 Industry Distributors Current Coupon 11.32% Basis Point Spread Above Index 3M SOFR+6002023-10-012024-03-310001504619pflt:TwoThousandThirtyOneAssetBackedDebtMember2024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% Equity Interests—8.4% PennantPark Senior Secured Loan Fund I LLC Industry Financial Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Crane 1 Acquisition Parent Holdings, L.P, Industry Commercial Services & Supplies2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Walker Edison Furniture Company LLC - DDTL - Unfunded Maturity 3/1/2029 Industry Wholesale2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% SP L2 Holdings, LLC (Ledge Lounger, Inc.) Industry Leisure Products2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Fairbanks Morse Defense Maturity 6/17/2028 Industry Aerospace and Defense Current Coupon 10.32% Basis Point Spread Above Index SOFR+4752024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Integrative Nutrition, LLC Maturity 1/31/2025 Industry Diversified Consumer Services Current Coupon 12.46% (PIK 2.25%) Basis Point Spread Above Index SOFR+7152024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Lash OpCo, LLC Maturity 2/18/2027 Industry Personal Products Current Coupon 12.13% Basis Point Spread Above Index SOFR+6752022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Municipal Emergency Services, Inc. Maturity 9/28/2027 Industry Distributors Current Coupon 10.50% Basis Point Spread Above Index SOFR+5152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% SP L2 Holdings, LLC (Ledge Lounger, Inc.) Industry Leisure Products2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Inventus Power, Inc. Maturity 06/30/2025 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.93% Basis Point Spread Above Index 1M SOFR+7612022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Wildcat Buyerco, Inc. – Unfunded Term Loan Maturity 2/26/2027 Industry Electronic Equipment, Instruments, and Components2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Rancho Health MSO, Inc. (Revolver) Maturity 12/18/2025 Industry Healthcare Equipment and Supplies Current Coupon 10.95% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001504619pflt:ClassDSecuredDeferrableFloatingRateNotesMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), UniTek Global Services, Inc.(C), Industry Telecommunications2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Connatix Buyer, Inc. Maturity 7/13/2027 Industry Media Current Coupon 11.09% Basis Point Spread Above Index SOFR+5762024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Kinetic Purchaser, LLC - (Revolver) Maturity - 11/10/2026 Industry Personal Products2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Challenger Performance Optimization, Inc. Maturity 8/31/2024 Industry Business Services Current Coupon 13.18% (PIK 2.00%) Basis Point Spread Above Index 3M SOFR+7752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lash OpCo, LLC (Revolver) Maturity 08/16/2026 Industry Personal Products Current Coupon 12.15% Basis Point Spread Above Index 3M SOFR+6752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Any Hour Services (Revolver), Maturity 07/21/2027, Industry Energy Equipment and Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Ad.net Acquisition, LLC (Revolver), Maturity 05/07/2026, Industry Media2022-10-012023-09-300001504619pflt:PriorCreditFacilityMember2022-10-012023-09-300001504619pflt:TwoThousandTwentyThreeNotesMember2022-10-012023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, eCommission Holding Corporation, Industry Banking, Finance, Insurance & Real Estate2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (American Insulated Glass, LLC), Hancock Claims Consultants Investors, LLC, Industry Insurance2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name The Vertex Companies, LLC, Maturity 8/31/2027, Industry Construction and Engineering, Current Coupon 11.72%, Basis Point Spread Above Index SOFR+6352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Municipal Emergency Services, Inc. - Unfunded Term Loan A Maturity 12/16/2024 Industry Distributors2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Apex Service Partners, LLC Term Loan B, Maturity 07/31/2025, Industry Diversified Consumer Services, Current Coupon 11.04%, Basis Point Spread Above Index 3M SOFR+5502023-09-300001504619us-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Confluent Health, LLC Maturity 11/30/2028 Industry Healthcare Providers and Services Current Coupon 10.86% Basis Point Spread Above Index 3M SOFR+5002023-10-012024-03-310001504619Cash and Cash Equivalents2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Megawatt Acquisitionco, Inc. - (Revolver) Maturity 3/1/2030 Industry Electronic Equipment2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% MAG DS Corp. Maturity 04/01/2027 Industry Aerospace and Defense Current Coupon 10.90% Basis Point Spread Above Index 1M SOFR+5502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Anteriad, LLC (f/k/a MeritDirect, LLC) (Revolver), Maturity 05/23/2024, Industry Media2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Gauge Loving Tan, LP Industry Personal Products2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MAG DS Corp. Maturity 04/01/2027 Industry Aerospace and Defense Current Coupon 10.99% Basis Point Spread Above Index 3M SOFR+5502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Mars Intermediate Holdings II, Inc, Industry Media2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Watchtower Intermediate, LLC (Revolver) Maturity 12/1/2029 Industry Electronic Equipment, Instruments, and Components2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Pacific Purchaser, LLC - (Revolver) Maturity 9/30/2028 Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Lightspeed Investment Holdco LLC, Industry Healthcare Technology2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Summit Behavioral Healthcare, LLC Maturity 11/24/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.35% Basis Point Spread Above Index SOFR+5012023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carisk Buyer, Inc. Maturity 12/01/2029 Industry Healthcare Technology Current Coupon 11.10% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% FedHC InvestCo LP Industry Aerospace and Defense One2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Icon Partners V C, L.P. Industry Internet Software and Services2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name The Bluebird Group LLC, Maturity 7/27/2026, Industry Professional Services, Current Coupon 12.79%, Basis Point Spread Above Index SOFR+7002023-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) Maturity 6/15/2029 Industry High Tech Industries Current Coupon 11.43% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001504619pflt:FoodProductsMember2023-09-300001504619pflt:TwoThousandTwentyThreeNotesMember2022-12-152022-12-150001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Cartessa Aesthetics, LLC Maturity 6/14/2028 Industry Distributors Current Coupon 11.06% Basis Point Spread Above Index SOFR+5752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, DRS Holdings III, Inc. (Revolver)), Maturity 11/03/2025, Industry Personal Products2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Arcfield Acquisition Corp. (Revolver), Maturity 08/04/2028, Industry Aerospace and Defense2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Pacific Purchaser, LLC Maturity 9/30/2028 Industry Business Services Current Coupon 11.43% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Graffiti Buyer, Inc. (Revolver) Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 11.62% Basis Point Spread Above Index 3M SOFR+5602023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9%, Zips Car Wash, LLC, Maturity 03/01/2024, Industry Automobiles, Current Coupon 12.67% Basis Point Spread Above Index 1M SOFR+7352022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% NEPRT Parent Holdings, LLC (Recteq, LLC) Industry Leisure Products2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Marketplace Events, LLC - Super Priority First Lien Term Maturity 9/30/2025 Industry Media: Diversified and Production Current Coupon 10.94% Basis Point Spread Above Index SOFR+5252023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Recteq, LLC, Maturity 01/29/2026, Industry Leisure Products, Current Coupon 11.54%, Basis Point Spread Above Index 3M SOFR+7152023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name ACP Avenu Buyer, LLC Maturity 10/1/2029 Industry Business Services Current Coupon 11.65% Basis Point Spread Above Index SOFR+6262023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP), Industry Media2023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SubordinateDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Lash OpCo, LLC Maturity - 2/18/2027 Industry Personal Products Current Coupon 13.23% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+8102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% LJ Avalon Holdings, LLC (Revolver) Maturity 01/31/2030 Industry Construction & Engineering2023-10-012024-03-310001504619pflt:OtherRelatedPartyMember2022-10-012023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MAG DS Corp. Maturity 04/01/2027 Industry Aerospace and Defense Current Coupon 10.99% Basis Point Spread Above Index 3M SOFR+5502023-09-300001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PL Acquisitionco, LLC Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 12.43% (PIK 350%) Basis Point Spread Above Index 3M SOFR+7102023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Simplicity Financial Marketing Group Holdings Inc. - Unfunded Term Loan Maturity 2/9/2026 Industry Diversified Financial Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Recteq, LLC (Revolver), Maturity 01/29/2026, Industry Leisure Products2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lightspeed Buyer Inc. (Revolver) Maturity 02/03/2026 Industry Healthcare Technology2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Loving Tan Intermediate II, Inc. (Revolver) Maturity 05/31/2028 Industry Personal Products Current Coupon 12.31% Basis Point Spread Above Index 3M SOFR+7002023-10-012024-03-310001504619pflt:NonControlledAffiliatedInvestmentsMembersrt:MinimumMember2023-10-012024-03-310001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpflt:SecondLienMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Solutionreach, Inc, Maturity 7/17/2025, Industry Healthcare and Pharmaceuticals, Current Coupon 12.37%, Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Integrity Marketing Acquisition, LLC (Revolver) Maturity 08/27/2026 Industry Insurance2023-09-300001504619pflt:NonControlledNonAffiliatedInvestmentsMember2024-03-310001504619pflt:TwoThousandTwentySixNotesPayableMember2021-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Lucky Bucks, LLC (4) Maturity 7/20/2027 Industry Hotel, Gaming and Leisure Current Coupon 0.00% Basis Point Spread Above Index SOFR+10002022-10-012023-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% PL Acquisitionco, LLC (Revolver) Maturity 11/09/2027 Industry Textiles, Apparel and Luxury Goods2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lash OpCo, LLC (Revolver) Maturity 08/16/2026 Industry Personal Products2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% By Light Professional IT Services, LLC Maturity 5/16/2025 Industry High Tech Industries Current Coupon 12.37% Basis Point Spread Above Index 3M SOFR+6882023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, MSpark, LLC, Industry Media, Advertising, Printing and Publishing2023-09-300001504619Related Party PSSL Liabilities in Excess of Other Assets — (1,436.4)%2023-10-012024-03-310001504619pflt:AtTheMarketOfferingMember2024-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:TwoThousandThirtyOneAssetBackedDebtMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies — 118.1%, Common Equity/Warrants— 14.5%, Ad.net Holdings, Inc, Industry Media2023-09-300001504619srt:MaximumMember2022-10-012023-09-300001504619pflt:HealthcareTechnologyMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Loving Tan Intermediate II, Inc. (Revolver) Maturity 05/31/2028 Industry Personal Products Current Coupon 12.31% Basis Point Spread Above Index 3M SOFR+7002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9 Infinity Home Services Holdco, Inc. - Unfunded Term Loan Maturity - 11/17/2025 Industry Commercial Services & Supplies2024-03-310001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Quantic Electronics, LLC (Revolver) Maturity 11/19/2026 Industry Electronic Equipment, Instruments, and Components2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 12.17% Basis Point Spread Above Index 3M SOFR+6852023-10-012024-03-310001504619pflt:ProfessionalServicesMember2024-03-310001504619pflt:TextilesApparelAndLuxuryGoodsMember2024-03-310001504619pflt:ClassA1SeniorSecuredFloatingRateLoansMemberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Five Star Buyer, Inc. Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure Current Coupon 12.46% Basis Point Spread Above Index 3M SOFR+7102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Tyto Athene, LLC (Revolver) Maturity 4/1/2026 Industry IT Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% LEP Pequod Holdings, LP Industry Financial Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9%, Wildcat Buyerco, Inc. (Revolver), Maturity 02/27/2026, Industry Electronic Equipment, Instruments, and Components2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9%, Walker Edison Furniture, LLC - Term Loan, Maturity 03/31/2027, Industry Wholesale, Current Coupon 12.18% Basis Point Spread Above Index 1M SOFR+6852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Lightspeed Buyer Inc. (Revolver) Maturity 02/03/2026 Industry Healthcare Technology2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Ad.net Acquisition, LLC (Revolver), Maturity 05/07/2026, Industry Media, Current Coupon 11.65%, Basis Point Spread Above Index 3M SOFR+6262023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Schlesinger Global, Inc, Maturity 7/14/2025, Industry Business Services, Current Coupon 12.52% (PIK .50%), Basis Point Spread Above Index SOFR+7152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carnegie Dartlet, LLC - Funded Revolver Maturity 2/7/2030 Industry Professional Services Current Coupon 10.80% Basis Point Spread Above Index 3M SOFR+5502024-03-310001504619pflt:ClassBNotesMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-012024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Crane 1 Services, Inc. Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+5012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—111.8% First Lien Senior Secured Debt—101.9% STV Group Incorporated Maturity 12/11/2026 Industry Construction & Engineering Current Coupon 10.67% Basis Point Spread Above Index 1M SOFR+5352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Loving Tan Intermediate II, Inc. Maturity 05/31/2028 Industry Personal Products Current Coupon 12.39% Basis Point Spread Above Index 3M SOFR+7002022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), UniTek Global Services, Inc.(C), Industry Telecommunications2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Big Top Holdings, LLC - (Revolver) Maturity 02/28/2030 Industry Construction & Engineering2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Questex, LLC Maturity 9/9/2024 Industry Media: Diversified and Production Current Coupon 9.72% Basis Point Spread Above Index 3M SOFR+4402024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Ad.net Acquisition, LLC (Revolver), Maturity 05/07/2026, Industry Media, Current Coupon 11.65%, Basis Point Spread Above Index 3M SOFR+6262022-10-012023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% Equity Interests—8.4% New MPE Holdings, LLC (Marketplace Events, LLC) Industry Media Diversified and Production2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ITI Holdings, Inc. (Revolver) Maturity 3/3/2028 Industry IT Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Walker Edison Furniture Company, LLC - Unfunded Term Loan Maturity 3/1/2029 Industry Wholesale2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 12.16% Basis Point Spread Above Index SOFR+6852023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Smile Brands Inc. (Revolver) Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals Current Coupon 10.11% Basis Point Spread Above Index 1M SOFR+4502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Lucky Bucks, LLC - Last-out Term Loan Maturity 10/02/2029 Industry Hotels, Restaurants and Leisure Current Coupon 12.97% Basis Point Spread Above Index 3M SOFR+7652024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name MBS Holdings, Inc. Maturity 4/16/2027 Industry Internet Software and Services Current Coupon 11.23% Basis Point Spread Above Index SOFR+5852024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, ETE Intermediate II, LLC (Revolver), Maturity 05/25/2029, Industry Diversified Consumer Services 2022-10-012023-09-300001504619us-gaap:EquityMemberpflt:InvestmentsCostMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lucky Bucks, LLC - DIP Maturity 10/20/2023 Industry Hotels, Restaurants and Leisure Current Coupon 15.30% Basis Point Spread Above Index 3M SOFR+10002023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Any Hour Services Maturity 7/21/2027 Industry Professional Services Current Coupon 11.59% Basis Point Spread Above Index SOFR+5852022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Wrench Group, LLC Maturity 10/30/2028 Industry Commercial Services & Supplies Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+4262024-03-3100015046192024-03-310001504619pflt:SeniorSecuritiesMember2018-04-062018-04-060001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) Maturity 06/10/2025 Industry Media Current Coupon 11.73% Basis Point Spread Above Index 3M SOFR+6402024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), Wildcat Parent, LP (Wildcat Buyerco, Inc.), Industry Electronic Equipment, Instruments, and Components2023-09-300001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Arcfield Acquisition Corp. Maturity 8/3/2029 Industry Aerospace and Defense Current Coupon 11.62% Basis Point Spread Above Index SOFR+6252023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Apex Service Partners, LLC Term Loan C Maturity 7/31/2025 Industry Diversified Consumer Services Current Coupon 10.69% Basis Point Spread Above Index SOFR+5252023-09-300001504619us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Kinetic Purchaser, LLC Maturity 11/10/2027 Industry Personal Products Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6152023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% First Lien Secured Debt—33.4%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (American Insulated Glass, LLC), IIN Group Holdings, LLC, Industry Consumer Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Ad.net Holdings, Inc. Industry Media2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP), Industry Media2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% NEPRT Parent Holdings, LLC (Recteq, LLC) Industry Leisure Products2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% A1 Garage Merger Sub, LLC Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 11.68% Basis Point Spread Above Index 3M SOFR+6602024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Exigo Intermediate II, LLC Maturity 3/15/2027 Industry Software Current Coupon 11.43% Basis Point Spread Above Index SOFR+6102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Subordinate Debt - 0.0% Schlesinger Global, LLC - Promissory Note Maturity 7/26/2024 Industry Professional Services Current Coupon 12.31%2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name BioDerm, Inc. Maturity 1/31/2028 Industry Healthcare and Pharmaceuticals Current Coupon 11.83% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Crane 1 Services, Inc (Revolver), Maturity 08/16/2027, Industry Commercial Services & Supplies, Current Coupon 10.90%, Basis Point Spread Above Index 3M SOFR+5512022-10-012023-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2031Memberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, OHCP V BC COI, L.P, Industry Distributors2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Spendmend Holdings LLC Maturity 3/1/2028 Industry Healthcare Technology Current Coupon 10.95% Basis Point Spread Above Index SOFR+5652023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Meadowlark Title, LLC, Industry Professional Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% UniTek Global Services, Inc. - Senior Preferred Equity Industry Telecommunications Current Coupon 19.00%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 148.9% IG Investments Holdings, LLC Maturity 9/22/2028 Industry Professional Services Current Coupon 11.41% Basis Point Spread Above Index 3M SOFR+6102024-03-310001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpflt:SubordinateDebtMember2024-03-310001504619us-gaap:HealthcareSectorMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Integrity Marketing Acquisition, LLC Maturity 8/27/2026 Industry Insurance Current Coupon 11.57% Basis Point Spread Above Index SOFR+5752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% PCS Parent, LP - Common Equity Industry Professional Services2023-10-012024-03-310001504619pflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMembersrt:WeightedAverageMember2023-09-300001504619pflt:FirstLienSecuredDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2023-09-300001504619pflt:NonControlledNonAffiliatedInvestmentsMember2024-01-012024-03-310001504619Related Party PSSL Equity Securities2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name By Light Professional IT Services, LLC Maturity 5/16/2025 Industry High Tech Industries Current Coupon 12.43% Basis Point Spread Above Index SOFR+6882023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Five Star Buyer, Inc. (Revolver), Maturity 02/23/2028, Industry Hotels, Restaurants and Leisure2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Neptune Flood Incorporated Maturity 5/29/2029 Industry Insurance Current Coupon 11.97% Basis Point Spread Above Index SOFR+6502023-09-300001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpflt:TwoThousandThirtyOneAssetBackedDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, UniTek Global Services, Inc, Industry Telecommunications, Current Coupon 13.50%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ETE Intermediate II, LLC (Revolver) Maturity 5/25/2029 Industry Diversified Consumer Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% AG Investco LP Industry Software2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, EDS Topco, LP, Industry Electronic Equipment, Instruments, and Components2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Broder Bros., Co. Maturity 12/4/2025 Industry Consumer Products Current Coupon 11.50% Basis Point Spread Above Index SOFR+6262023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Gauge ETE Blocker, LLC, Industry Diversified Consumer Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% A1 Garage Merger Sub, LLC Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 11.68% Basis Point Spread Above Index 3M SOFR+6602023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Solutionreach, Inc. Maturity 07/17/2025 Industry Healthcare Technology Current Coupon 12.46% Basis Point Spread Above Index 3M SOFR+7002024-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:FirstLienMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) (Revolver), Maturity 06/15/2029, Industry Professional Services2022-10-012023-09-300001504619pflt:PersonalProductsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% OHCP V BC COI, L.P. Industry Distributors2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 Industry Professional Services Current Coupon 11.20% Basis Point Spread Above Index SOFR+5652024-03-310001504619pflt:TwoThousandTwentyThreeNotesPayableMemberus-gaap:FairValueInputsLevel3Member2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 Industry Professional Services Current Coupon 11.20% Basis Point Spread Above Index SOFR+5652023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 12.17% Basis Point Spread Above Index 3M SOFR+6852024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (Integrative Nutrition, LLC), Imagine Topco, LP (Common), Industry Software2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Mars Acquisition Holdings Corp. Maturity 5/14/2026 Industry Media Current Coupon 10.96% Basis Point Spread Above Index SOFR+5652024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Blackhawk Industrial Distribution, Inc. (Revolver), Maturity 09/17/2026, Industry Distributors, Current Coupon 13.75%, Basis Point Spread Above Index 3M SOFR+5252023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carnegie Dartlet, LLC Maturity 2/7/2030 Industry Professional Services Current Coupon 10.83% Basis Point Spread Above Index 3M SOFR+5502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Signature Systems Holding Company Maturity 05/03/2024 Industry Commercial Services & Supplies Current Coupon 12.04% Basis Point Spread Above Index 1M L+6652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Five Star Buyer, Inc. (Revolver) Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Zips Car Wash, LLC Maturity 12/31/2024 Industry Automobiles Current Coupon 12.68% Basis Point Spread Above Index SOFR+7352024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name ACP Falcon Buyer, Inc. Maturity 8/1/2029 Industry Business Services Current Coupon 11.83% Basis Point Spread Above Index SOFR+6502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% The Vertex Companies, LLC (Revolver) Maturity 8/30/2027 Industry Construction & Engineering2023-10-012024-03-310001504619pflt:LongTermCreditFacilityMember2023-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Magenta Buyer, LLC Maturity 7/31/2028 Industry Software Current Coupon 10.63% Basis Point Spread Above Index SOFR+5002023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Mars Intermediate Holdings II, Inc, Industry Media2022-10-012023-09-300001504619pflt:ClassC1SecuredDeferrableFloatingRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Tyto Athene, LLC Maturity 04/01/2028 Industry IT Services Current Coupon 10.90% Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Smile Brands Inc. Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals Current Coupon 9.91% Basis Point Spread Above Index 1M SOFR+4502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Mars Intermediate Holdings II, Inc. Industry Media2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Wildcat Buyerco, Inc, Maturity 2/27/2026, Industry Electronic Equipment, Instruments, and Components, Current Coupon 10.54%, Basis Point Spread Above Index SOFR+5152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% HW Holdco, LLC (Revolver) Maturity 5/10/2026 Industry Media2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% LAV Gear Holdings, Inc. (Revolver) Maturity 10/31/2024 Industry Capital Equipment Current Coupon 11.02%(PIK 5.50%) Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Spendmend Holdings LLC Maturity 3/1/2028 Industry Healthcare Technology Current Coupon 10.95% Basis Point Spread Above Index 3M SOFR+5652024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Output Services Group, Inc. Industry Business Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Solutionreach, Inc. (Revolver) Maturity 07/17/2025 Industry Healthcare Technology2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, SSC Dominion Holdings, LLC, Industry Capital Equipment2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Integrative Nutrition, LLC Maturity 1/31/2025 Industry Diversified Consumer Services Current Coupon 2.25% Basis Point Spread Above Index SOFR+7002023-09-300001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EquityMethodInvestmentsMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 Industry Commercial Services & Supplies Current Coupon 11.20% Basis Point Spread Above Index SOFR+6152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ACP Avenu Buyer, LLC Maturity 10/02/2029 Industry IT Services Current Coupon 11.58% Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% RFMG Parent, LP (Rancho Health MSO, Inc.) Industry Healthcare Equipment and Supplies2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Global Holdings InterCo LLC Maturity 3/16/2026 Industry Diversified Financial Services Current Coupon 11.96% Basis Point Spread Above Index SOFR+6602023-09-300001504619Related Party PSSL Equity Securities - 3.9% - Total2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Omnia Exterior Solutions, LLC - Unfunded Term Loan 1 Maturity 4/1/2024 Industry Diversified Consumer Services2024-03-310001504619Non-Affiliated Investments2023-09-300001504619pflt:LongTermCreditFacilityMember2022-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 9/17/2026 Industry Distributors Current Coupon 11.79% Basis Point Spread Above Index SOFR+6402023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, QuantiTech InvestCo LP, Industry Aerospace and Defense2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Sales Benchmark Index LLC, Maturity 1/3/2025, Industry Professional Services, Current Coupon 11.59%, Basis Point Spread Above Index SOFR+6202024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) Maturity 6/15/2029 Industry Professional Services Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ACP Avenu Buyer, LLC Maturity 10/02/2029 Industry IT Services Current Coupon 11.58% Basis Point Spread Above Index 3M SOFR+6252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% OSP Embedded Purchaser, LLC (Revolver) Maturity 12/15/2029 Industry Aerospace and Defense2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Urology Partners Co., L.P. Industry Healthcare Providers and Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, FedHC InvestCo LP, Industry Aerospace and Defense One2023-09-300001504619pflt:DistributorsMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% QuantiTech InvestCo II LP Industry Aerospace and Defense2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Marketplace Events, LLC Maturity 9/30/2026 Industry Media: Diversified and Production Current Coupon 10.72% Basis Point Spread Above Index SOFR+5252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% NORA Parent Holdings, LLC Industry Healthcare Providers and Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan, Maturity 05/23/2024, Industry Media, Current Coupon 12.04%, Basis Point Spread Above Index 3M SOFR+6652022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Megawatt Acquisitionco, Inc Maturity 3/1/2030 Industry Electronic Equipment, Instruments, and Components Current Coupon 10.58% Basis Point Spread Above Index 3M SOFR+5252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Integrity Marketing Acquisition, LLC - Unfunded Term Loan Maturity 08/31/2025 Industry Insurance2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Pequod Merger Sub, Inc. - Unfunded Term Loan Maturity 12/02/2026 Industry Diversified Financial Services2023-09-300001504619pflt:AdministratorMember2024-01-012024-03-310001504619pflt:ClassDSecuredDeferrableFloatingRateNotesMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Applied Technical Services, LLC - DDTL Unfunded Maturity 12/29/2026 Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Gauge ETE Blocker, LLC Industry Diversified Consumer Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% ACP Big Top Holdings, L.P. - Common Equity Industry Construction & Engineering2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Efficient Collaborative Retail Marketing Company, LLC Maturity 6/15/2024 Industry Media: Diversified and Production Current Coupon 14.44% (PIK 1.50%) Basis Point Spread Above Index 3M SOFR+9002024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name PL Acquisitionco, LLC Maturity 11/9/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 12.46% (PIK 4.00%) Basis Point Spread Above Index SOFR+7102023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.1% First Lien Senior Secured Debt - 144.9% ECL Entertainment, LLC Maturity 8/31/2030 Industry Hotels, Restaurants and Leisure Current Coupon 10.08% Basis Point Spread Above Index 1M SOFR+4752023-10-012024-03-310001504619us-gaap:FairValueInputsLevel3Member2022-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, BioDerm Holdings, LP, Industry Healthcare Equipment and Supplies2022-10-012023-09-300001504619Related Party PSSL, Cash and Cash Equivalents - 133.2%2023-09-300001504619pflt:TwoThousandTwentyThreeNotesPayableMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Five Star Buyer, Inc. - DDTL B Unfunded Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure2023-10-012024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, Equity Interests—8.3%, PennantPark Senior Secured Loan Fund I LLC, Industry Financial Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% TCG 3.0 Jogger Co-Invest, LP Industry Media2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Pacific Purchaser, LLC Maturity 9/30/2028 Industry Professional Services Current Coupon 11.43% Basis Point Spread Above Index 3M SOFR+6252024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name PL Acquisitionco, LLC. Maturity 11/19/2027 Industry Textiles, Apparel and Luxury GoodsCurrent Coupon 4.00% Basis Point Spread Above Index SOFR+7102023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Meadowlark Title, LLC Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Arcfield Acquisition Corp. Maturity 08/03/2029 Industry Aerospace and Defense Current Coupon 11.54% Basis Point Spread Above Index 1M SOFR+6252024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Walker Edison Furniture Company LLC, Maturity 3/31/2027, Industry Wholesale, Current Coupon 12.18%, Basis Point Spread Above Index SOFR+6852022-10-012023-09-300001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpflt:FirstLienMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare Providers and Services Current Coupon 12.60% Basis Point Spread Above Index 3M SOFR+7252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Inventus Power, Inc. (Revolver) Maturity 06/30/2025 Industry Electronic Equipment, Instruments, and Components2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Kinetic Purchaser, LLC Maturity - 11/10/2026 Industry Personal Products Current Coupon 11.46% Basis Point Spread Above Index 3M SOFR+6152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% LEP Pequod Holdings, LP Industry Financial Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Teneo Holdings LLC Maturity 07/18/2025 Industry Diversified Financial Services Current Coupon 10.67% Basis Point Spread Above Index 1M SOFR+5352022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Altamira Intermediate Company II, Inc, Industry IT Services2023-09-300001504619pflt:MetalsAndMiningMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Crane 1 Acquisition Parent Holdings, L.P. Industry Commercial Services & Supplies2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.93% (PIK 1.00%) Basis Point Spread Above Index 1M SOFR+7602024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Electro Rent Corporation Maturity 1/17/2024 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.00% Basis Point Spread Above Index SOFR+5502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lucky Bucks, LLC - DIP Maturity 10/20/2023 Industry Hotels, Restaurants and Leisure Current Coupon 15.30% Basis Point Spread Above Index 3M SOFR+10002022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% NORA Acquisition, LLC Maturity 8/31/2029 Industry Healthcare Providers and Services Current Coupon 11.68% Basis Point Spread Above Index 3M SOFR+6352023-10-012024-03-310001504619us-gaap:FairValueInputsLevel3Memberus-gaap:EquityMethodInvestmentsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Cartessa Aesthetics, LLC (Revolver), Maturity 06/14/2028, Industry Distributors 2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Zips Car Wash, LLC, Maturity 3/1/2024, Industry Automobiles, Current Coupon 12.67%, Basis Point Spread Above Index SOFR+7352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.1% Common Equity/Warrants— 16.7% Altamira Intermediate Company II, Inc. Industry IT Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TWS Acquisition Corporation Maturity 6/16/2025 Industry Diversified Consumer Services Current Coupon 11.73% Basis Point Spread Above Index 1M SOFR+6402024-01-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ETE Intermediate II, LLC (Revolver) Maturity 5/25/2029 Industry Diversified Consumer Services2023-10-012024-03-310001504619pflt:SecondLienMemberpflt:InvestmentsCostMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Infinity Home Services Holdco, Inc. (CAD) Maturity 12/28/2028 Commercial Services & Supplies Current Coupon 11.31% Basis Point Spread Above Index 3M SOFR+6752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Meadowlark Title, LLC Industry Professional Services2023-10-012024-03-3100015046192024-01-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ORL Acquisition, Inc. Maturity 9/3/2027 Industry Consumer Finance Current Coupon 14.70% (PIK 2.00%) Basis Point Spread Above Index 3M SOFR+9402023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Inventus Power, Inc. (Revolver) Maturity 6/30/2025 Industry Electronic Equipment, Instruments, and Components2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name BioDerm, Inc. Maturity 1/31/2028 Industry Healthcare and Pharmaceuticals Current Coupon 11.83% Basis Point Spread Above Index SOFR+6502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Senior Preferred Equity, UniTek Global Services, Inc, Industry Telecommunications, Current Coupon 19.00%2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Connatix Parent, LLC, Industry Media2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Connatix Parent, LLC, Industry Media2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name By Light Professional IT Services, LLC Maturity 5/16/2025 Industry High Tech Industries Current Coupon 12.43% Basis Point Spread Above Index SOFR+6882022-10-012023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% LAV Gear Holdings, Inc. Maturity 10/31/2025 Industry Capital Equipment Current Coupon 11.76% Basis Point Spread Above Index 1M SOFR+6402024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), TTower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC), One, Industry Media2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Mars Intermediate Holdings II, Inc. Industry Media2024-03-310001504619us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMembersrt:WeightedAverageMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Blackhawk Industrial Distribution, Inc. (Revolver) Maturity 9/17/2026 Industry Distributors Current Coupon 11.72% Basis Point Spread Above Index 3M SOFR+5252023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Loving Tan Intermediate II, Inc. Maturity 5/26/2028 Industry Consumer Products Current Coupon 12.39% Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% A1 Garage Equity, LLC Industry Commercial Services & Supplies2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Marketplace Events, LLC Maturity 9/30/2026 Industry Media: Diversified and Production Current Coupon 10.94% Basis Point Spread Above Index SOFR+5252023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PlayPower, Inc Maturity 5/8/2026 Industry Leisure Products Current Coupon 10.98% Basis Point Spread Above Index 1M SOFR+5652024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Smile Brands Inc. Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals Current Coupon 9.91% Basis Point Spread Above Index SOFR+4502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Recteq, LLC Maturity 1/29/2026 Industry Leisure Products Current Coupon 11.90% Basis Point Spread Above Index 3M SOFR+7002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Infolinks Media Buyco, LLC- Unfunded Term Loan Maturity 11/01/2023 Industry Media2022-10-012023-09-300001504619pflt:TwoThousandTwentySixNotesPayableMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Magenta Buyer, LLC Maturity 7/31/2028 Industry Software Current Coupon 10.63% Basis Point Spread Above Index SOFR+5002022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Magnolia Topco LP - Class B Common Equity, Industry Automobiles2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2025 Industry Capital Equipment Current Coupon 11.72% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Lightspeed Investment Holdco LLC Industry Healthcare Technology2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Second Lien Secured Debt—0.0% QuantiTech LLC Maturity 02/04/2027 Industry Aerospace and Defense Current Coupon 15.43% Basis Point Spread Above Index 3M SOFR+1,0102024-03-310001504619pflt:InvestmentsCostMember2023-09-300001504619pflt:ConsumerServicesMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Kinetic Purchaser, LLC Maturity - 11/10/2026 Industry Personal Products Current Coupon 11.46% Basis Point Spread Above Index 3M SOFR+6152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Cartessa Aesthetics, LLC (Revolver), Maturity 06/14/2028, Industry Distributors, Current Coupon 11.39%, Basis Point Spread Above Index 3M SOFR+6002022-10-012023-09-300001504619us-gaap:FairValueInputsLevel1Memberpflt:SecondLienMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% AG Investco LP Industry Software One2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), TPC Holding Company, LP, Industry Food Products2022-10-012023-09-300001504619us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:ClassA1SeniorSecuredFloatingRateLoansMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MBS Holdings, Inc. (Revolver) Maturity 04/16/2027 Industry Internet Software and Services Current Coupon 11.17% Basis Point Spread Above Index 1M SOFR+5852023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Burgess Point Purchaser Corporation Maturity 9/26/2029 Automotive Current Coupon 10.78% Basis Point Spread Above Index SOFR+5252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Connatix Parent, LLC Industry Media2023-10-012024-03-310001504619pflt:ClassA1SeniorSecuredFloatingRateLoansMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Municipal Emergency Services, Inc. Maturity 9/28/2027 Industry Distributors Current Coupon 10.50% Basis Point Spread Above Index SOFR+5152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% A1 Garage Equity, LLC Industry Commercial Services & Supplies2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name One Stop Mailing, LLC Maturity 5/7/2027 Industry Air Freight and Logistics Current Coupon 11.72% Basis Point Spread Above Index SOFR+6362024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Owl Acquisition, LLC Maturity 2/4/2028 Industry Professional Services Current Coupon 10.70% Basis Point Spread Above Index SOFR+5502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, North Haven Saints Equity Holdings, LP, Industry Healthcare Technology2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Output Services Group, Inc. (4) Maturity 6/7/2026 Industry Business Services Current Coupon 0.00% 2022-10-012023-09-300001504619us-gaap:EquityMemberpflt:InvestmentsFairValueMember2024-03-310001504619pflt:SecondLienMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name PH Beauty Holdings III, Inc. Maturity 9/29/2025 Industry Wholesale Current Coupon 10.65% Basis Point Spread Above Index SOFR+5002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TransGo, LLC Maturity 12/29/2028 Industry Auto Components Current Coupon 11.33% Basis Point Spread Above Index 3M SOFR+6002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Hancock Roofing and Construction L.L.C. (Revolver) Maturity 12/31/2026 Industry Insurance Current Coupon 10.93% Basis Point Spread Above Index 3M SOFR+5602024-03-310001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2022-10-012023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies — 118.1%, Common Equity/Warrants— 14.5%, Ad.net Holdings, Inc, Industry Media2022-10-012023-09-300001504619pflt:ControlledAffiliatedInvestmentsMember2022-10-012023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Inventus Power, Inc. Maturity 06/30/2025 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.93% Basis Point Spread Above Index 1M SOFR+7612023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name DRS Holdings III, Inc.. Maturity 11/3/2025 Industry Consumer Goods: Durable Current Coupon 11.79% Basis Point Spread Above Index SOFR+6402023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), TTower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC), Industry Media2023-09-300001504619pflt:InvestmentsCostMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% By Light Investco LP Industry High Tech Industries2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% System Planning and Analysis, Inc.(f/k/a Management Consulting & Research, LLC) Maturity 8/16/2027 Industry Aerospace and Defense2023-10-012024-03-310001504619Related Party PSSL Cash and Cash Equivalents2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Mars Acquisition Holdings Corp. Maturity 05/14/2026 Industry Media Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name CF512, Inc. Maturity 08/20/2026 Industry Media Current Coupon 11.57% Basis Point Spread Above Index SOFR+6192024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% PL Acquisitionco, LLC Maturity 11/09/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 12.42% Basis Point Spread Above Index 1M SOFR+7102022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name ORL Acquisitions, Inc. Maturity 9/3/2027 Industry Consumer Finance Current Coupon 12.75% Basis Point Spread Above Index SOFR+7402023-10-012024-03-310001504619pflt:FiveLargestInvestmentsMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% ITI Holdings, Inc. (Revolver) Maturity 03/03/2028 Industry IT Services2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Graffiti Buyer, Inc. Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 10.90% Basis Point Spread Above Index SOFR+5602023-10-012024-03-310001504619Related Party PSSL Equity Securities - 6.9%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Schlesinger Global, Inc. (Revolver) Maturity 07/14/2025 Industry Professional Services Current Coupon 13.68% (PIK 5.60%) Basis Point Spread Above Index 3M SOFR+8252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Medina Health, LLC (Revolver) Maturity 10/20/2028 Industry Healthcare Providers and Services2024-03-310001504619us-gaap:HealthcareSectorMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Dr. Squatch, LLC, Maturity 08/31/2027, Industry Personal Products, Current Coupon 11.24%, Basis Point Spread Above Index 3M SOFR+5852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Schlesinger Global, Inc. (Revolver) Maturity 07/14/2025 Industry Professional Services (PIK 5.60%)2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PCS Midco, Inc. - (Revolver) Maturity 3/1/2030 Industry Professional Services2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Output Services Group, Inc - Last-Out Term Loan Maturity 5/30/2028 Industry Business Services Current Coupon 12.07% Basis Point Spread Above Index SOFR+6682023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Owl Acquisition, LLC Maturity 02/04/2028 Industry Professional Services Current Coupon 10.80% Basis Point Spread Above Index 6M SOFR+5502023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 5/23/2024 Industry Media: Advertising, Printing & Publishing Current Coupon 11.04% Basis Point Spread Above Index SOFR+5502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Blackhawk Industrial Distribution, Inc. - Unfunded Term Loan Maturity 9/17/2026 Industry Distributors2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sales Benchmark Index LLC (Revolver) Maturity 01/03/2025 Industry Professional Services2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Research Now Group, LLC and Dynata, LLC Maturity 12/20/2024 Industry Diversified Consumer Services Current Coupon 11.53% Basis Point Spread Above Index SOFR+5762022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, EDS Topco, LP, Industry Electronic Equipment, Instruments, and Components2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Wildcat Buyerco, Inc. Maturity 2/26/2027 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+5752024-01-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Schlesinger Global, Inc. Maturity 07/14/2025 Industry Professional Services Current Coupon 13.68% (PIK 5.60%) Basis Point Spread Above Index 3M SOFR+8252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Lightspeed Investment Holdco LLC Industry Healthcare Technology2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% KL Stockton Co-Invest LP (Any Hour Services) Industry Energy Equipment and Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TWS Acquisition Corporation (Revolver) Maturity 6/16/2025 Industry Diversified Consumer Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% One Stop Mailing, LLC Maturity 05/07/2027 Industry Air Freight and Logistics Current Coupon 11.68% Basis Point Spread Above Index 1M SOFR+6362022-10-012023-09-300001504619us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberpflt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name MAG DS Corp Maturity 7/31/2028 IndustryAerospace and Defense Current Coupon 10.99% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001504619INVESTMENTS IN NON-CONTROLLED, NON-AFFILIATED PORTFOLIO COMPANIES— 118.1%, SECOND LIEN SECURED DEBT—0.0%, MAILSOUTH INC, MATURITY 04/23/2025, INDUSTRY MEDI Advertising, Printing and Publishing2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (American Insulated Glass, LLC), Icon Partners V C, L.P, Industry Internet Software and Services One2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, DRS Holdings III, Inc, Maturity 11/03/2025, Industry Chemicals, Plastics and Rubber, Current Coupon 11.79%, Basis Point Spread Above Index 3M SOFR+6402023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Crane 1 Services, Inc. (Revolver) Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+5012023-10-012024-03-310001504619pflt:ControlledAffiliatedInvestmentsMember2023-09-300001504619srt:MinimumMemberpflt:IncentiveFeePaymentConditionThreeMember2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Marketplace Events, LLC - Super Priority First Lien Unfunded Term Loan (3) Maturity 5/14/2026 Industry Media Current Coupon 11.04% Basis Point Spread Above Index SOFR+5652022-10-012023-09-300001504619Total Investments in Controlled, Affiliated Portfolio Companies2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Summit Behavioral Healthcare, LLC Maturity 11/24/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.35% Basis Point Spread Above Index SOFR+5012024-03-310001504619pflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueMarketComparableMemberus-gaap:SubordinatedDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1% First Lien Senior Secured Debt - 101.9% Sigma Defense Systems, LLC (Revolver) Maturity 12/18/2025 Industry IT Services Current Coupon 14.04% Basis Point Spread Above Index 3M L+8652023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name By Light Professional IT Services, LLC Maturity 5/16/2025 High Tech Industries Current Coupon 12.37% Basis Point Spread Above Index SOFR+6882023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Wildcat Buyerco, Inc. – Unfunded Term Loan Maturity 2/26/2027 Industry Electronic Equipment, Instruments, and Components2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% IG Investments Holdings, LLC (Revolver) Maturity 09/22/2027 Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Output Services Group, Inc. Maturity 06/27/2026 Industry Business Services Current Coupon 0.00%2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name LJ Avalon Holdings, LLC Maturity 1/31/2030 Industry Environmental Industries Current Coupon 11.77% Basis Point Spread Above Index SOFR+6402023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) Industry Media2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Lash OpCo, LLC Maturity 2/18/2027 Industry Personal Products Current Coupon 13.23% Basis Point Spread Above Index SOFR+7002024-03-310001504619pflt:FirstLienMemberpflt:InvestmentsCostMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Walker Edison Furniture, LLC - Funded Junior Revolver Maturity 3/1/2029 Industry Wholesale2023-10-012024-03-310001504619pflt:InternetSoftwareAndServicesMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Ox Two, LLC Maturity 05/18/2026 Industry Construction and Building Current Coupon 12.90% Basis Point Spread Above Index 3M SOFR+7512023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Municipal Emergency Services, Inc. Maturity 10/01/2027 Industry Distributors Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 Industry Insurance Current Coupon 10.92% Basis Point Spread Above Index SOFR+5602022-10-012023-09-300001504619pflt:FirstLienMember2024-03-310001504619pflt:TwoThousandThirtySixNotesMember2022-10-012023-03-310001504619pflt:ControlledAffiliatedInvestmentsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lightspeed Buyer Inc. (Revolver) Maturity 02/03/2026 Industry Healthcare Technology2023-09-300001504619pflt:InsuranceMember2023-09-300001504619Investments in Non-Control, Non-Affiliate Portfolio Companies—118.1% Common Equity/Warrants— 14.5%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Applied Technical Services, LLC (Revolver), Maturity 12/29/2026, Industry Commercial Services & Supplies2022-10-012023-09-300001504619Total Investments and Cash Equivalents—178.6%2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 Industry Insurance Current Coupon 10.92% Basis Point Spread Above Index SOFR+5602023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% MDI Buyer, Inc. (Revolver) Maturity 7/25/2028 Industry Commodity Chemicals Current Coupon 11.76% Basis Point Spread Above Index 3M SOFR+6002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9%, Aeronix, Inc. (Revolver) Maturity 12/18/2028, Industry Aerospace and Defense2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Second Lien Secured Debt—0.0%, QuantiTech LLC, Maturity 02/04/2027, Industry Aerospace and Defense, Current Coupon 15.50% Basis Point Spread Above Index 3M SOFR+10102023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Peaquod Merger Sub, Inc. LLCC Maturity 12/2/2026 Industry Diversified Financial Services Current Coupon 11.79% Basis Point Spread Above Index SOFR+6402022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lightspeed Buyer Inc. Maturity 02/03/2026 Industry Healthcare Technology Current Coupon 10.67% Basis Point Spread Above Index 1M SOFR+5352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, EDS Buyer, LLC - Unfunded Term Loan, Maturity 01/10/2029, Electronic Equipment, Instruments, and Components2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, BioDerm, Inc. (Revolver), Maturity 01/31/2028, Industry Healthcare Equipment and Supplies, Current Coupon 11.81%, Basis Point Spread Above Index 1M SOFR+6502022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Lucky Bucks, LLC - Last-Out Term Loan Maturity 10/2/2029 Industry Hotel, Gaming and Leisure Current Coupon 12.97% Basis Point Spread Above Index SOFR+7652024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Imagine Topco, LP Industry Software Current Coupon 8.00%2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Integrity Marketing Acquisition, LLC Maturity - 8/27/2026 Industry Insurance Current Coupon 11.48% Basis Point Spread Above Index SOFR+6152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Crane 1 Acquisition Parent Holdings, L.P. Industry Commercial Services & Supplies2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% The Bluebird Group LLC Maturity 07/28/2026 Industry Professional Services Current Coupon 12.79% Basis Point Spread Above Index 3M SOFR+7402022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Graffiti Buyer, Inc (Revolver), Maturity 08/10/2027, Industry Trading Companies & Distributors2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Connatix Parent, LLC Industry Media2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Hancock Claims Consultants Investors, LLC Industry Insurance2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Holdco Sands Intermediate, LLC, Maturity 11/23/2028, Industry Aerospace and Defense, Current Coupon 11.32%, Basis Point Spread Above Index 6M SOFR+5852022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% K2 Pure Solutions NoCal, L.P. (Revolver) Maturity 12/20/2023 Industry Chemicals, Plastics and Rubber2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (American Insulated Glass, LLC), HV Watterson Holdings, LLC, Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Carisk Parent, L.P. Industry Healthcare Technology2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% TAC LifePort Holdings, LLC Industry Aerospace and Defense2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% NORA Acquisition, LLC Maturity 08/31/2029 Industry Healthcare Providers and Services Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PCS Midco, Inc. - Revolver Maturity 3/1/2030 Industry Professional Services Current Coupon 11.08% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001504619srt:MaximumMemberpflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, ORL Holdco, Inc, Industry Consumer Finance2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, NXOF Holdings, Inc. (Tyto Athene, LLC), Industry IT Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% UniTek Global Services, Inc. (C) Industry Telecommunications2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Total First Lien Senior Secured Debt - 101.9%,2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% System Planning and Analysis, Inc.(f/k/a Management Consulting & Research, LLC) Maturity 08/16/2027 Industry Aerospace and Defense Current Coupon 11.49% Basis Point Spread Above Index 6M SOFR+6152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Applied Technical Services, LLC, Maturity 12/29/2026, Industry Commercial Services & Supplies, Current Coupon 11.54%, Basis Point Spread Above Index 3M SOFR+6152023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Gauge ETE Blocker, LLC - Promissory Note, Maturity 05/19/2029, Industry Diversified Consumer Services Current Coupon 12.56%2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Pragmatic Institute, LLC Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1% First Lien Senior Secured Debt - 101.9% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.92% Basis Point Spread Above Index 1M SOFR+7602022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Pink Lily Holdco, LLC (PL Acquisitions, LLC) Industry Textiles, Apparel and Luxury Goods2024-03-310001504619pflt:ClassB1SeniorSecuredFloatingRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Questex, LLC Maturity 9/9/2024 Industry Media: Diversified and Production Current Coupon 9.72% Basis Point Spread Above Index 3M SOFR+4402023-10-012024-03-310001504619pflt:FirstLienInPSSLMemberpflt:InvestmentsCostMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name The Aegis Technologies Group, LLC, Maturity 10/31/2025, Industry Aerospace and Defense, Current Coupon 12.04%, Basis Point Spread Above Index SOFR+6652022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Crane 1 Services, Inc. Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 10.81% Basis Point Spread Above Index SOFR+5012024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% First Lien Secured Debt — 33.4% Marketplace Events, LLC - Super Priority First Lien Maturity 09/30/2025 Industry Media: Diversified and Production2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Integrity Marketing Acquisition, LLC Maturity 8/27/2026 Industry Insurance Current Coupon 11.57% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Lash OpCo, LLC (Revolver) Maturity - 8/16/2026 Industry Personal Products (PIK 5.10%)2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name DRI Holding Inc. Maturity 12/21/2028 Industry Media Current Coupon 10.67% Basis Point Spread Above Index SOFR+5252022-10-012023-09-300001504619pflt:EquityDistributionAgreementsMemberpflt:AtTheMarketOfferingMember2023-03-272023-03-270001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% TWS Acquisition Corporation (Revolver) Maturity 06/16/2025 Industry Diversified Consumer Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Magnolia Topco LP - Class A Common Equity Industry Automobiles2024-03-310001504619Pennant Park Senior Secured Member2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Confluent Health, LLC Maturity 11/30/2028 Industry Healthcare Providers and Services Current Coupon 10.86% Basis Point Spread Above Index 3M SOFR+5002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% IG Investments Holdings, LLC (Revolver) Maturity 9/22/2027 Industry Professional Services2024-03-310001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Municipal Emergency Services, Inc. - Unfunded Term Loan B Maturity 12/16/2024 Industry Distributors2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Secured Debt - 144.9% Keel Platform, LLC - Unfunded Term Loan Maturity 1/19/20231 Industry Metals and Mining2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Riverside Assessments, LLC, Maturity 03/10/2025, Industry Professional Services, Current Coupon 11.29%, Basis Point Spread Above Index 3M SOFR+5902023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name ECL Entertainment, LLC Maturity 8/31/2030 Industry Hotel, Gaming and Leisure Current Coupon 10.07% Basis Point Spread Above Index SOFR+4752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) Maturity 6/15/2029 Industry Professional Services Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Quantic Electronics, LLC Maturity 09/09/2024 Industry media, Diversified and Production Current Coupon 9.81% Basis Point Spread Above Index 3M SOFR+4252023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Kinetic Purchaser, LLC Maturity 11/10/2027 Industry Personal Products Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6152022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Duraco Specialty Tapes LLC Maturity 6/30/2024 Industry Containers and Packaging Current Coupon 11.89% Basis Point Spread Above Index SOFR+6502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Five Star Parent Holdings, LLC, Industry Hotels, Restaurants and Leisure2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 169.5% First Lien Senior Secured Debt - 149.7% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components2023-09-300001504619Related Party PSSL, Cash and Cash Equivalents - 133.2%, BlackRock Federal FD Institutional 302023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Applied Technical Services, LLC - Unfunded Term Loan Maturity 07/17/2025 Industry Commercial Services & Supplies2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% FedHC InvestCo LP Industry Aerospace and Defense One2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Gauge Lash Coinvest LLC (Preferred), Industry Personal Products2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% UniTek Global Services, Inc. (C) Industry Telecommunications2023-10-012024-03-310001504619pflt:TwoThousandTwentySixNotesPayableMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Omnia Exterior Solutions, LLC - Unfunded Term Loan 2 Maturity 12/29/2025 Industry Diversified Consumer Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PCS Midco, Inc. - Unfunded Term Loan Maturity 3/1/2026 Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (Integrative Nutrition, LLC), Ironclad Holdco, LLC, ITC Infusion Co-invest, LP, Industry Healthcare Equipment and Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Blackhawk Industrial Distribution, Inc. - Unfunded Term Loan, Maturity 09/17/2026, Industry Distributors2023-09-300001504619pflt:SeniorSecuredRevolvingCreditFacilityMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2023-08-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% TCG 3.0 Jogger Co-Invest, LP Industry Media2024-03-310001504619pflt:EquityInterestsInPSSLMemberpflt:InvestmentsFairValueMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Seaway Topco, LP, Industry Chemicals, Plastics and Rubber2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Watchtower Holdings, LLC Industry Electronic Equipment, Instruments, and Components2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) Industry Media2024-03-310001504619pflt:HighTechIndustriesMember2023-09-300001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PCS Midco, Inc Maturity 3/1/2030 Industry Professional Services Current Coupon 11.09% Basis Point Spread Above Index 3M SOFR+5752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Integrated Data Services (Revolver) Maturity 08/01/2029 Industry Professional Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% UniTek Global Services, Inc. - Senior Preferred Equity Industry Telecommunications Current Coupon 19.00%2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% LAV Gear Holdings, Inc. (Revolver) Maturity 10/31/2025 Industry Capital Equipment Current Coupon 11.72% Basis Point Spread Above Index 1M SOFR+6402024-03-310001504619Investments in Non-Control, Non-Affiliate Portfolio Companies—133.9% Preferred Equity— 1.8%%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Lucky Bucks, LLC - Last-out Term Loan Maturity 10/02/2029 Industry Hotels, Restaurants and Leisure Current Coupon 12.97% Basis Point Spread Above Index 3M SOFR+7652023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1% First Lien Senior Secured Debt - 101.9% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.92% Basis Point Spread Above Index 1M SOFR+7602023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Integrity Marketing Acquisition, LLC - Unfunded Term Loan Maturity - 8/31/2025 Industry Insurance2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% System Planning and Analysis, Inc.(f/k/a Management Consulting & Research, LLC) Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 11.10% Basis Point Spread Above Index 3M SOFR+5902023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% PL Acquisitionco, LLC (Preferred Equity) Industry Textiles, Apparel and Luxury Goods2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name MDI Buyer, Inc. Maturity 7/25/2028 Industry Chemicals, Plastics and Rubber Current Coupon 10.87% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Global Holdings InterCo LLC Maturity 3/16/2026 Industry Diversified Financial Services Current Coupon 11.45% Basis Point Spread Above Index 3M SOFR+6102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Schlesinger Global, Inc. (Revolver) Maturity 07/14/2025 Industry Professional Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% ORL Holdco, Inc. Industry Consumer Finance2023-10-012024-03-310001504619pflt:TwoThousandTwentySixNotesPayableMember2023-10-012023-12-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Compex Legal Services, Inc. (Revolver) Maturity 2/7/2025 Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TransGo, LLC (Revolver) Maturity 12/29/2028 Industry Auto Components2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% MDI Buyer, Inc. (Revolver) Maturity 7/25/2028 Industry Commodity Chemicals Current Coupon 11.76% Basis Point Spread Above Index 3M SOFR+6002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Walker Edison Holdco LLC Industry Healthcare Providers and Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% ITC Rumba, LLC (Cano Health, LLC) Industry Healthcare and Pharmaceuticals2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Spendmend Holdings LLC Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 11.03% Basis Point Spread Above Index 3M SOFR + 5652022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 12.16% Basis Point Spread Above Index SOFR+6852024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Maturity 05/23/2024 Industry Media: Advertising, Printing & Publishing Current Coupon 11.00% Basis Point Spread Above Index SOFR+6652024-03-310001504619pflt:ClassA2SeniorSecuredFixedRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% MOREGroup Holdings, Inc Maturity 1/16/2030 Industry Construction & Engineering Current Coupon 11.06% Basis Point Spread Above Index 3M SOFR+5902023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name DRS Holdings III, Inc. Maturity 11/3/2025 Industry Consumer Goods: Durable Current Coupon 11.71% Basis Point Spread Above Index SOFR+6402024-03-3100015046192023-08-012023-08-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Spendmend Holdings LLC - Unfunded Term Loan Maturity 03/01/2024 Industry Healthcare Technology2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Crane 1 Services, Inc (Revolver), Maturity 08/16/2027, Industry Commercial Services & Supplies2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Tyto Athene, LLC Maturity 4/1/2028 Industry IT Services Current Coupon 10.98% Basis Point Spread Above Index SOFR+5652023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Sargent & Greenleaf Inc. Maturity 12/20/2024 Industry Wholesale Current Coupon 12.93% (PIK 1.00%) Basis Point Spread Above Index SOFR+7602023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,398.7% Issuer Name Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare Providers and Services Current Coupon 12.64% Basis Point Spread Above Index SOFR+7252024-03-310001504619Liabilities in Excess of Other Assets—(122.3)%2024-03-310001504619Related Party PSSL Equity Securities - 6.9% Issuer Name Walker Edison Furniture - Common Equity Industry Wholesale2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Delta InvestCo LP (Sigma Defense Systems, LLC) Industry IT Services One2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% SBI Holdings Investments LLC (Sales Benchmark Index LLC) Industry Professional Services2024-03-310001504619pflt:NonControlledNonAffiliatedInvestmentsMember2022-10-012023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% UniTek Global Services, Inc. - Super Senior Preferred Equity Industry Telecommunications Current Coupon 20.00%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Output Services Group, Inc. Industry Business Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Recteq, LLC Maturity 1/29/2026 Industry Leisure Products Current Coupon 12.46% Basis Point Spread Above Index 3M SOFR+7152024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Marketplace Events, LLC - Super Priority First Lien Unfunded Term Loan Maturity 9/30/2025 Industry Media: Diversified and Production2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, HW Holdco, LLC (Revolver), Maturity 12/10/2024, Industry Media2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Any Hour Services Maturity 7/21/2027 Industry Professional Services Current Coupon 11.59% Basis Point Spread Above Index SOFR+5852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Team Services Group, LLC Maturity 12/20/2027 Industry Healthcare Providers and Services Current Coupon 10.58% Basis Point Spread Above Index 3M SOFR+5432024-03-3100015046192022-10-012023-09-300001504619pflt:TwoThousandAndTwentySixNotesTwoMember2021-12-152021-12-150001504619Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Challenger Performance Optimization, Inc., Maturity 08/31/2024, Industry Business Services, Current Coupon 12.18%, Basis Point Spread Above Index 3M L+6752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, CF512, Inc. (Revolver), Maturity 08/20/2026, Industry Media2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Watchtower Intermediate, LLC - Unfunded Term Loan Maturity 12/1/2025 Industry Electronic Equipment, Instruments, and Components2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants—16.8% StellPen Holdings, LLC (CF512, Inc.) Industry Media2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Ad.net Acquisition, LLC Maturity 05/07/2026 Industry Media Current Coupon 11.57% Basis Point Spread Above Index 3M SOFR+6262023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Magnolia Topco LP - Class B Preferred Equity, Industry Automobiles2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TWS Acquisition Corporation Maturity 6/16/2025 Industry Diversified Consumer Services Current Coupon 11.73% Basis Point Spread Above Index 1M SOFR+6402023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name EDS Buyer, LLC Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.56% Basis Point Spread Above Index SOFR+6252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (Integrative Nutrition, LLC), IHS Parent Holdngs, L.P, Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Senior Preferred Equity, UniTek Global Services, Inc, Industry Telecommunications, Current Coupon 19.00%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% The Aegis Technologies Group, LLC Maturity 10/31/2025 Industry Aerospace and Defense Current Coupon 12.04% Basis Point Spread Above Index 3M SOFR+6652022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% By Light Professional IT Services, LLC (Revolver) Maturity 5/16/2025 Industry High Tech Industries2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sigma Defense Systems, LLC (Revolver) Maturity 12/18/2027 Industry IT Services Current Coupon 12.46% Basis Point Spread Above Index 3M SOFR+7152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Spendmend Holdings LLC (Revolver) Maturity 3/1/2028 Industry Healthcare Technology2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lightspeed Buyer Inc. Maturity 02/03/2026 Industry Healthcare Technology Current Coupon 10.67% Basis Point Spread Above Index 1M SOFR+5352022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Anteriad, LLC (f/k/a MeritDirect, LLC), Maturity 05/23/2024, Industry Media, Current Coupon 11.04%, Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Cadence Aerospace, LLC Maturity 11/14/2023 Industry Aerospace and Defense Current Coupon 2.00% Basis Point Spread Above Index SOFR+6652023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Marketplace Events, LLC - Super Priority First Lien Unfunded Term Loan Maturity 9/30/2025 Industry Media: Diversified and Production2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Marketplace Events, LLC Maturity 9/30/2026 Industry Media: Diversified and Production Current Coupon 10.72% Basis Point Spread Above Index SOFR+5252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Maturity 06/30/2026 Industry Media Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Mars Intermediate Holdings II, Inc, Industry Media2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.1% First Lien Senior Secured Debt - 144.9% DRS Holdings III, Inc. Maturity 11/3/2025 Industry Chemicals, Plastics and Rubber Current Coupon 11.71% Basis Point Spread Above Index 3M SOFR+6402023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name ITI Holdings, Inc Maturity 3/3/2028 Industry IT Services Current Coupon 11.06% Basis Point Spread Above Index SOFR+5602022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Hills Distribution Inc Unfunded Term Loan Maturity 11/7/2025 Industry Distributors2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Walker Edison Holdco LLC Industry Healthcare Providers and Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Efficient Collaborative Retail Marketing Company, LLC, Maturity 06/15/2024, Industry Media: Diversified and Production, Current Coupon 13.15%, Basis Point Spread Above Index 3M SOFR+7762023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name PL Acquisitionco, LLC. Maturity 11/19/2027 Industry Textiles, Apparel and Luxury GoodsCurrent Coupon 12.42% Basis Point Spread Above Index SOFR+7102023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Lightspeed Buyer Inc. (Revolver) Maturity 02/03/2026 Industry Healthcare Technology2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Dr. Squatch, LLC (Revolver), Maturity 08/31/2027, Industry Personal Products2023-09-300001504619Related Party PSSL First Lien Secured Debt 1,425.9%- Issuer Name A1 Garage Merger Sub, LLC Maturity 12/22/2028 Industry Commercial Services & Supplies Current Coupon 11.68% Basis Point Spread Above Index SOFR+6602024-03-310001504619Related Party PSSL, Equity - 100.0%2023-09-300001504619pflt:PennantParkCLOVILLCMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9%, Walker Edison Furniture Company, LLC - Unfunded Term Loan, Maturity 03/31/2027, Industry Wholesale2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Beta Plus Technologies, Inc, Maturity 07/01/2029, Industry Internet Software and Services, Current Coupon 11.14%, Basis Point Spread Above Index 3M SOFR+5752022-10-012023-09-300001504619us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Pink Lily Holdco, LLC (PL Acquisitions, LLC), Industry Textiles, Apparel and Luxury Goods2022-10-012023-09-300001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:EquityMethodInvestmentsMember2024-03-310001504619pflt:NonControlledAndControlledAffiliatedInvestmentsMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Recteq, LLC (Revolver), Maturity 01/29/2026, Industry Leisure Products2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Broder Bros., Co. Maturity 12/4/2025 Consumer Products Current Coupon 11.61% Basis Point Spread Above Index SOFR+6262023-10-012024-03-310001504619pflt:SecondLienMemberpflt:InvestmentsFairValueMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Gauge Schlesinger Coinvest LLC (Preferred Equity), Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Gauge Lash Coinvest LLC, Industry Personal Products2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Pragmatic Institute, LLC (Revolver) Maturity 7/6/2028 Industry Professional Services Current Coupon 11.09% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Arcfield Acquisition Corp. Maturity 8/3/2029 Industry Aerospace and Defense Current Coupon 11.62% Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Integrated Data Services Maturity 8/1/2029 Industry Business Services Current Coupon 11.87% Basis Point Spread Above Index SOFR+6502023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer NameExigo Intermediate II, LLC Maturity 3/15/2027 Industry Software Current Coupon 11.17% Basis Point Spread Above Index SOFR+5852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Burgess Point Holdings, LP, Industry Auto Components2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name ORL Acquisitions, Inc. Maturity 9/3/2027 Industry Consumer Finance Current Coupon 12.84% Basis Point Spread Above Index SOFR+7252023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Pragmatic Institute, LLC (Revolver) Maturity 7/6/2028 Industry Professional Services Current Coupon 11.09% Basis Point Spread Above Index 3M SOFR+5752024-03-310001504619pflt:FirstLienMemberpflt:InvestmentsCostMember2023-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMemberpflt:EquityInterestsMember2024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% Equity Interests—8.4% PennantPark Senior Secured Loan Fund I LLC Industry Financial Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MDI Buyer, Inc. Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 11.09% Basis Point Spread Above Index 3M SOFR+6252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Gauge Schlesinger Coinvest LLC Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) Industry Media2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TPC Canada Parent, Inc. and TPC US Parent, LLC Maturity 11/24/2025 Industry Food Products Current Coupon 10.95% Basis Point Spread Above Index 3M SOFR+5652023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Mission Critical Electronics, Inc. Maturity 3/28/2024 Industry Capital Equipment Current Coupon 11.29% Basis Point Spread Above Index SOFR+5152023-09-300001504619pflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Hancock Roofing and Construction L.L.C, Maturity 12/31/2026, Industry Insurance, Current Coupon 10.93%, Basis Point Spread Above Index 3M SOFR+5602023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% PL Acquisitionco, LLC (Revolver) Maturity 11/09/2027 Industry Textiles, Apparel and Luxury Goods2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% HV Watterson Holdings, LLC Industry Professional Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Omnia Exterior Solutions, LLC - Unfunded Term Loan 2 Maturity 12/29/2025 Industry Diversified Consumer Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carisk Buyer, Inc. (Revolver) Maturity 12/01/2029 Industry Healthcare Technology2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, QuantiTech InvestCo II LP, Industry Aerospace and Defense2023-09-300001504619pflt:ClassDSecuredDeferrableFloatingRateNotesMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ACP Avenu Buyer, LLC - Unfunded Term Loan Maturity 04/02/2025 Industry IT Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, AG Investco LP One, Industry Software2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name ETE Intermediate II, LLC Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 11.84% Basis Point Spread Above Index SOFR+6502023-10-012024-03-3100015046192022-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 Industry Commercial Services & Supplies Current Coupon 11.54% Basis Point Spread Above Index SOFR+6152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Smile Brands Inc. LC (Revolver) Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals2023-10-012024-03-310001504619pflt:IncentiveFeePaymentConditionTwoMember2023-10-012024-03-310001504619Related Party PSSL Equity - 100.0%2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Neptune Flood Incorporated Maturity 5/9/2029 Industry Insurance Current Coupon 11.72% Basis Point Spread Above Index SOFR+6502023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Zips Car Wash, LLC, Maturity 3/1/2024, Industry Automobiles, Current Coupon 12.67%, Basis Point Spread Above Index SOFR+7352022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Apex Service Partners, LLC Term Loan B Maturity 7/31/2025 Industry Diversified Consumer Services Current Coupon 11.04% Basis Point Spread Above Index SOFR+5502023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Medina Health, LLC (Revolver) Maturity 10/20/2028 Industry Healthcare Providers and Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% LJ Avalon Holdings, LLC (Revolver) Maturity 01/31/2030 Industry Construction & Engineering2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Graffiti Buyer, Inc. (Revolver) Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 11.62% Basis Point Spread Above Index 3M SOFR+5602024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name MDI Buyer, Inc. Maturity 7/25/2028 Industry Chemicals, Plastics and RubberCurrent Coupon 11.32% Basis Point Spread Above Index SOFR+6002023-09-300001504619pflt:SubordinateDebtMemberus-gaap:FairValueInputsLevel2Member2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Neptune Flood Incorporated Maturity 5/9/2029 Industry Insurance Current Coupon 11.72% Basis Point Spread Above Index SOFR+6502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, HW Holdco, LLC (Revolver), Maturity 12/10/2024, Industry Media, Current Coupon 11.82%, Basis Point Spread Above Index 3M SOFR+6402023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Output Services Group, Inc. (4) Maturity 6/7/2026 Industry Business Services Current Coupon 0.00% 2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Quantic Electronics, LLC Maturity 09/09/2024 Industry media, Diversified and Production Current Coupon 9.81% Basis Point Spread Above Index 3M SOFR+4252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Lash OpCo, LLC (Revolver) Maturity - 8/16/2026 Industry Personal Products Current Coupon 13.27% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+8102023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Compex Legal Services, Inc, Maturity 02/09/2026, Industry Professional Services, Current Coupon 10.99%, Basis Point Spread Above Index 3M SOFR+5252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% PL Acquisitionco, LLC Maturity 11/09/2027 Industry Textiles, Apparel and Luxury Goods Current Coupon 12.42% Basis Point Spread Above Index 1M SOFR+7102023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Quantic Electronics, LLC (Revolver) Maturity 11/19/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Loving Tan Intermediate II, Inc. (Revolver) Maturity 05/31/2028 Industry Personal Products2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Ledge Lounger, Inc. Maturity 11/09/2026 Industry Leisure Products Current Coupon 11.96% Basis Point Spread Above Index 3M SOFR+6652024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% First Lien Secured Debt — 33.4% Marketplace Events, LLC - Super Priority First Lien Term Loan Maturity 09/30/2025 Industry Media: Diversified and Production Current Coupon 10.72% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, North Haven Saints Equity Holdings, LP, Industry Healthcare Technology2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Magnolia Topco LP - Class B Common Equity Industry Automobiles2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Quantic Electronics, LLC Maturity 11/19/2026 Industry Aerospace and Defense Current Coupon 11.70% Basis Point Spread Above Index SOFR+6352024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Meadowlark Acquirer, LLC - Term Loan Maturity 12/10/2027 Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Compex Legal Services, Inc. (Revolver), Maturity 02/07/2025, Industry Professional Services, Current Coupon 10.94%, Basis Point Spread Above Index 3M SOFR+5552023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Eisner Advisory Group, LLC Maturity 2/23/2031 Industry Professional Services Current Coupon 9.33% Basis Point Spread Above Index 3M SOFR+4002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% WCP Ivyrehab QP CF Feeder, LP. - Unfunded Industry Healthcare Providers and Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% LAV Gear Holdings, Inc. Maturity 10/31/2024 Industry Capital Equipment Current Coupon 11.83%(PIK 5.50%) Basis Point Spread Above Index 1M SOFR+6432023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Tyto Athene, LLC (Revolver) Maturity 4/1/2026 Industry IT Services Current Coupon 10.99% Basis Point Spread Above Index 1M SOFR+5652024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Team Services Group, LLC Maturity 11/24/2028 Industry Healthcare and Pharmaceuticals Current Coupon 10.49% Basis Point Spread Above Index SOFR+5002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Icon Partners V C, L.P. Industry Internet Software and Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% TAC LifePort Holdings, LLC Industry Aerospace and Defense2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name MAG DS Corp Maturity 7/31/2028 IndustryAerospace and Defense Current Coupon 10.99% Basis Point Spread Above Index SOFR+5502023-09-300001504619pflt:SeniorSecuritiesMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% AFC Acquisitions, Inc. (Preferred) Industry Distributors2023-10-012024-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMember2024-03-310001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Imagine Topco, LP Industry Software Current Coupon 8.00%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Recteq, LLC Maturity 1/29/2026 Industry Leisure Products Current Coupon 11.90% Basis Point Spread Above Index 3M SOFR+7002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Graffiti Buyer, Inc. (Revolver) Maturity 8/10/2027 Industry Trading Companies & Distributors2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, BioDerm, Inc. (Revolver), Maturity 01/31/2028, Industry Healthcare Equipment and Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Cartessa Aesthetics, LLC (Preferred) Industry Distributors2024-03-310001504619pflt:ClassDSecuredDeferrableFloatingRateLoansDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-290001504619us-gaap:SubsequentEventMember2024-04-090001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Walker Edison Furniture Company LLC - Junior Revolving Credit Facility Maturity 3/1/2029 Industry Wholesale Current Coupon 0.00%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Connatix Buyer, Inc. Maturity 7/13/2027 Industry Media2024-03-310001504619pflt:HighTechIndustriesMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Lightspeed Buyer Inc. Maturity 2/3/2026 Industry Healthcare Providers and Services Current Coupon 10.68% Basis Point Spread Above Index SOFR+5352023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Tyto Athene, LLC Maturity 4/1/2028 Industry IT Services Current Coupon 10.98% Basis Point Spread Above Index 1M SOFR+5652024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Cartessa Aesthetics, LLC (Revolver) Maturity 6/14/2028 Industry Distributors2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name The Aegis Technologies Group, LLC, Maturity 10/31/2025, Industry Aerospace and Defense, Current Coupon 12.04%, Basis Point Spread Above Index SOFR+6652023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name By Light Professional IT Services, LLC Maturity 5/16/2025 High Tech Industries Current Coupon 12.37% Basis Point Spread Above Index SOFR+6882024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Integrative Nutrition, LLC Maturity - 1/31/2025 Industry Consumer Services Current Coupon 12.46% (PIK 2.25%) Basis Point Spread Above Index 3M SOFR+7152023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Spendmend Holdings LLC Maturity 3/1/2028 Industry Healthcare Technology Current Coupon 10.95% Basis Point Spread Above Index SOFR+5652024-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2022-10-012023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Pacific Purchaser, LLC - Unfunded Term Loan Maturity 9/30/2028 Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9 Lightspeed Buyer Inc. Maturity 02/03/2026 Industry Healthcare Technology Current Coupon 10.68% Basis Point Spread Above Index 1M SOFR+5352024-03-310001504619pflt:ClassDSecuredDeferrableFloatingRateNotesMemberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, RFMG Parent, LP (Rancho Health MSO, Inc.), Industry Healthcare Equipment and Supplies2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Integrity Marketing Acquisition, LLC Maturity 8/27/2026 Industry Insurance Current Coupon 11.49% Basis Point Spread Above Index SOFR+6152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), UniVista Insurance, Industry Insurance2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Mars Acquisition Holdings Corp. Maturity 5/14/2026 Industry Media Current Coupon 10.96% Basis Point Spread Above Index 3M SOFR+5652023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% DRS Holdings III, Inc. (Revolver) Maturity 11/3/2025 Industry Personal Products2024-03-310001504619srt:MaximumMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Infinity Home Services Holdco, Inc. - Unfunded Term Loan Maturity 12/28/2023 Industry Commercial Services & Supplies2022-10-012023-09-300001504619us-gaap:FairValueInputsLevel2Memberpflt:TwoThousandTwentySixNotesPayableMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Recteq, LLC Maturity 1/29/2026 Industry Leisure Productss Current Coupon 12.54% Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Quantic Electronics, LLC (Revolver) Maturity 09/09/2024 Industry media, Diversified and Production2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Marketplace Events, LLC - Super Priority First Lien Unfunded Term Loan (3) Maturity 9/30/2025 Industry Media: Diversified and Production2023-09-300001504619Cash and Cash Equivalents—15.3%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Quad (U.S.) Co-Invest, L.P. Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Holdco Sands Intermediate, LLC (Revolver), Maturity 11/23/2027, Industry Aerospace and Defense2022-10-012023-09-300001504619us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name One Stop Mailing, LLC Maturity 5/7/2027 Industry Air Freight and Logistics Current Coupon 11.72% Basis Point Spread Above Index SOFR+6362023-10-012024-03-310001504619pflt:TwoThousandTwentyThreeNotesMember2017-11-012017-11-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Quad (U.S.) Co-Invest, L.P. Industry Professional Services2023-10-012024-03-310001504619pflt:PennantParkSeniorSecuredLoanFundILLCMember2024-01-012024-03-310001504619srt:MaximumMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carnegie Dartlet, LLC - (Revolver) Maturity 2/7/2030 Industry Professional Services2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Smartronix, LLC Maturity 11/23/2028 Industry Aerospace and Defense Current Coupon 11.57% Basis Point Spread Above Index SOFR+6352023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Meadowlark Acquirer, LLC Maturity 12/10/2027 Industry Professional Services Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% CF512, Inc. Maturity 8/20/2026 Industry Media Current Coupon 11.52% Basis Point Spread Above Index 3M SOFR+6192023-10-012024-03-310001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Recteq, LLC - Unfunded Revolver Maturity 1/29/2026 Industry Leisure Products2024-03-310001504619srt:MaximumMemberpflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Spendmend Holdings LLC, Maturity 3/1/2028, Industry Healthcare Technology, Current Coupon 11.04%, Basis Point Spread Above Index SOFR+5652022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Fairbanks Morse Defense Maturity 6/17/2028 Industry Aerospace and Defense Current Coupon 11.40% Basis Point Spread Above Index SOFR+4752022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name CF512, Inc. Maturity 08/20/2026 Industry Media Current Coupon 11.57% Basis Point Spread Above Index SOFR+6192023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% The Bluebird Group LLC (Revolver) Maturity 07/28/2026 Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, BioDerm, Inc. (Revolver), Maturity 01/31/2028, Industry Healthcare Equipment and Supplies2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Loving Tan Intermediate II, Inc. Maturity 5/31/2028 Industry Consumer Products Current Coupon 12.31% Basis Point Spread Above Index SOFR+7002024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Output Services Group, Inc - Last-Out Term Loan Maturity 11/30/2028 Industry Business Services Current Coupon 13.82% Basis Point Spread Above Index SOFR+8432024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Gauge TVC Coinvest, LLC (TVC Enterprises, LLC), Industry Professional Services2022-10-012023-09-300001504619Related Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name MAG DS Corp Maturity 7/31/2028 IndustryAerospace and Defense Current Coupon 10.99% Basis Point Spread Above Index SOFR+550Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Lucky Bucks,LLC - OpCo DIP Loans Maturity 9/30/2025 Industry Hotel, Gaming and Leisure Current Coupon 15.33% Basis Point Spread Above Index SOFR+10002023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name System Planning and Analysis, Inc. (f/k/a Management Consulting & Research, LLC) Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 11.08% Basis Point Spread Above Index SOFR+5902023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sales Benchmark Index LLC (Revolver) Maturity 01/03/2025 Industry Professional Services2024-03-310001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMember2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Inventus Power, Inc. Maturity 6/30/2025 Industry Consumer Goods: Durable Current Coupon 12.94% Basis Point Spread Above Index SOFR+7612024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Meadowlark Acquirer, LLC - Term Loan Maturity 12/10/2027 Industry Professional Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Schlesinger Global, Inc. (Revolver) Maturity 07/14/2025 Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Watchtower Intermediate, LLC Maturity 12/1/2029 Industry Electronic Equipment, Instruments, and Components Coupon 11.31% Basis Point Spread Above Index 3M SOFR+6002023-10-012024-03-310001504619pflt:LeisureProductsMember2023-09-300001504619pflt:TwoThousandTwentyThreeNotesPayableMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% The Vertex Companies, LLC (Revolver) Maturity 8/30/2027 Industry Construction & Engineering Current Coupon 11.95% Basis Point Spread Above Index 1M SOFR+6102024-01-012024-03-310001504619pflt:SecondLienMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Apex Service Partners, LLC Term Loan C, Maturity 07/31/2025, Industry Diversified Consumer Services, Current Coupon 10.68%, Basis Point Spread Above Index 3M SOFR+5252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Arcfield Acquisition Corp, Maturity 08/03/2029, Industry Aerospace and Defense, Current Coupon 11.62%, Basis Point Spread Above Index 1M SOFR+6252022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Global Holdings InterCo LLC Maturity 3/16/2026 Industry Diversified Financial Services Current Coupon 11.96% Basis Point Spread Above Index SOFR+6602022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Ad.net Holdings, Inc. Industry Media2024-03-310001504619Related Party PSSL Liabilities in Excess of Other Assets — (1,436.4)%2024-03-310001504619pflt:NonControlledNonAffiliatedInvestmentsMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name DRS Holdings III, Inc. Maturity 11/3/2025 Industry Consumer Goods: Durable Current Coupon 11.71% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.1% First Lien Senior Secured Debt - 144.9% ECL Entertainment, LLC Maturity 8/31/2030 Industry Hotels, Restaurants and Leisure Current Coupon 10.08% Basis Point Spread Above Index 1M SOFR+4752024-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Crane 1 Acquisition Parent Holdings, L.P, Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Amsive Holding Corporation (f/k/a Vision Purchaser Corporation), Maturity 06/10/2025, Industry Media, Current Coupon 11.79%, Basis Point Spread Above Index 3M SOFR+6402023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% BioDerm, Inc. (Revolver) Maturity 01/31/2028 Industry Healthcare Equipment and Supplies Current Coupon 11.82% Basis Point Spread Above Index 1M SOFR+6502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% TWD Parent Holdings, LLC (The Vertex Companies, LLC) Industry Construction & Engineering2024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% First Lien Secured Debt — 33.4% Marketplace Events, LLC - Super Priority First Lien Term Loan Maturity 09/30/2025 Industry Media: Diversified and Production Current Coupon 10.72% Basis Point Spread Above Index 3M SOFR+5502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% LJ Avalon Holdings, LLC Maturity 02/01/2030 Industry Construction & Engineering Current Coupon 11.71% Basis Point Spread Above Index 3M SOFR+6402024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Marketplace Events, LLC - Super Priority First Lien Unfunded Term Loan (3) Maturity 9/30/2025 Industry Media: Diversified and Production Current Coupon 10.94% Basis Point Spread Above Index SOFR+5252023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Pragmatic Institute, LLC Industry Professional Services2023-10-012024-03-310001504619pflt:TwoThousandAndTwentySixNotesTwoMember2021-03-012021-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Seaway Topco, LP, Industry Chemicals, Plastics and Rubber2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Holdco Sands Intermediate, LLC, Maturity 11/23/2028, Industry Aerospace and Defense, Current Coupon 11.32%, Basis Point Spread Above Index 6M SOFR+5852023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name New Milani Group LLC Maturity 6/6/2024 Industry Consumer Goods: Non-Durable Current Coupon 10.92% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001504619pflt:ConsumerServicesMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Quantic Electronics, LLC Maturity 11/19/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.74% Basis Point Spread Above Index 3M SOFR+6352023-09-300001504619Related Party PSSL Equity - 100.0%2024-03-310001504619pflt:ControlledAffiliatedInvestmentsMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Carisk Parent, L.P. Industry Healthcare Technology2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carnegie Dartlet, LLC - Funded Revolver Maturity 2/7/2030 Industry Professional Services Current Coupon 10.80% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% PCS Parent, LP - Common Equity Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Smile Brands Inc. Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals Current Coupon 9.97% Basis Point Spread Above Index 3M SOFR+4502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Rancho Health MSO, Inc. (Revolver) Maturity 12/18/2025 Industry Healthcare Equipment and Supplies2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carnegie Dartlet, LLC - Unfunded Term Loan Maturity 2/7/2026 Industry Professional Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 169.5% First Lien Senior Secured Debt - 149.7% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Applied Technical Services, LLC, Maturity 12/29/2026, Industry Commercial Services & Supplies, Current Coupon 11.54%, Basis Point Spread Above Index 3M SOFR+6152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Riverpoint Medical, LLC (Revolver) Maturity 6/20/2025 Industry Healthcare Equipment and Supplies2024-03-310001504619pflt:OtherRelatedPartyMember2024-01-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Tyto Athene, LLC (Revolver) Maturity 4/1/2026 Industry IT Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MBS Holdings, Inc. (Revolver) Maturity 04/16/2027 Industry Internet Software and Services2022-10-012023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% MDI Aggregator, LP Industry Commodity Chemicals2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Delta InvestCo LP (Sigma Defense Systems, LLC), Industry IT Services2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Wildcat Buyerco, Inc. Maturity 2/27/2027 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.06% Basis Point Spread Above Index SOFR+5752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Wildcat Parent, LP (Wildcat Buyerco, Inc.) Industry Electronic Equipment, Instruments, and Components2023-10-012024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, First Lien Secured Debt—36.8%, Marketplace Events, LLC - Super Priority First Lien Term Loan, Maturity 09/30/2025, Industry Media: Diversified and Production2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity2024-03-310001504619pflt:HealthcareEquipmentAndSuppliesMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% A1 Garage Merger Sub, LLC - Unfunded Term Loan Maturity 12/22/2028 Industry Commercial Services & Supplies2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Applied Technical Services, LLC - DDTL Unfunded Maturity 12/29/2026 Industry Commercial Services & Supplies2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Total Common Equity/Warrants— 14.5%2023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, First Lien Secured Debt—36.8%, PennantPark Senior Secured Loan Fund I LLC, Maturity 05/06/2024, Industry Financial Services, Current Coupon 13.33%, Basis Point Spread Above Index 3M SOFR+8002022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Research Now Group, LLC and Dynata, LLC Maturity 12/20/2024 Industry Diversified Consumer Services Current Coupon 11.14% Basis Point Spread Above Index SOFR+5762024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Spendmend Holdings LLC - Unfunded Term Loan Maturity 3/3/2025 Industry Healthcare Technology2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Urology Management Holdings, Inc, Maturity 6/15/2026, Industry Healthcare and Pharmaceuticals, Current Coupon 11.79%, Basis Point Spread Above Index SOFR+5652023-09-300001504619pflt:ControlledAffiliatedInvestmentsMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Signature CR Intermediate Holdco, Inc, Industry Commercial Services & Supplies, Current Coupon 12.00%2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), StellPen Holdings, LLC (CF512, Inc.), Industry Media2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Gauge Lash Coinvest LLC Industry Personal Products2024-03-310001504619pflt:OtherRelatedPartyMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1% First Lien Senior Secured Debt - 101.9% Sigma Defense Systems, LLC Maturity 12/18/2025 Industry IT Services Current Coupon 14.04% Basis Point Spread Above Index 3M L+8652022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—111.8% First Lien Senior Secured Debt—101.9% STV Group Incorporated Maturity 12/11/2026 Industry Construction & Engineering Current Coupon 10.67% Basis Point Spread Above Index 1M SOFR+5352022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Broder Bros., Co., Maturity 12/04/2025, Industry Textiles, Apparel and Luxury Goods, Current Coupon 11.50%, Basis Point Spread Above Index 3M SOFR+6262022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Infolinks Media Buyco, LLC Maturity 11/01/2026 Industry Media Current Coupon 11.17% Basis Point Spread Above Index 1M SOFR+5852022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Teneo Holdings LLC Maturity 07/18/2025 Industry Diversified Financial Services Current Coupon 10.67% Basis Point Spread Above Index 1M SOFR+5352023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name ETE Intermediate II, LLC Maturity 5/29/2029 Industry Diversified Consumer Services Current Coupon 11.89% Basis Point Spread Above Index SOFR+6502023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Confluent Health, LLC Maturity 10/28/2028 Industry Healthcare and Pharmaceuticals Current Coupon 9.32% Basis Point Spread Above Index SOFR+4002022-10-012023-09-300001504619pflt:AirFreightAndLogisticsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% UniVista Insurance Industry Insurance2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9%, Walker Edison Furniture Company, LLC - Funded Junior Revolver, Maturity 03/31/2027, Industry Wholesale, Current Coupon 11.68% Basis Point Spread Above Index 1M SOFR+6352023-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMemberpflt:InvestmentInSinglePortfolioCompanyMember2023-09-300001504619pflt:AutoComponentsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, eCommission Financial Services, Inc (Revolver), Maturity 10/05/2023, Industry Banking, Finance, Insurance & Real Estate2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Cartessa Aesthetics, LLC Maturity 6/14/2028 Industry Distributors Current Coupon 11.39% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Solutionreach, Inc, Maturity 7/17/2025, Industry Healthcare and Pharmaceuticals, Current Coupon 12.37%, Basis Point Spread Above Index SOFR+7002023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Smile Brands Inc. Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals Current Coupon 9.91% Basis Point Spread Above Index SOFR+4502023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Ox Two, LLCC Maturity 5/18/202 Industry Construction and Buildings Current Coupon 12.90% Basis Point Spread Above Index SOFR+7502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Riverpoint Medical, LLC (Revolver) Maturity 6/20/2025 Industry Healthcare Equipment and Supplies2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name EDS Buyer, LLC Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.64% Basis Point Spread Above Index SOFR+6252023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Walker Edison Furniture Company LLC - DDTL - Unfunded Maturity 3/1/2029 Industry Wholesale2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Seaway Topco, LP Industry Chemicals, Plastics and Rubber2023-10-012024-03-310001504619Marketplace Events, LLC2023-09-300001504619pflt:SeniorSecuritiesMember2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Challenger Performance Optimization, Inc. Maturity 8/31/2024 Industry Business Services Current Coupon 13.18% (PIK 2.00%) Basis Point Spread Above Index 3M SOFR+7752023-10-012024-03-310001504619Related Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name MAG DS Corp Maturity 7/31/2028 IndustryAerospace and Defense Current Coupon 10.99% Basis Point Spread Above Index SOFR+550Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Lucky Bucks,LLC - OpCo DIP Loans Maturity 9/30/2025 Industry Hotel, Gaming and Leisure Current Coupon 15.33% Basis Point Spread Above Index SOFR+10002022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% NBH Group LLC (Revolver) Maturity 8/19/2026 Industry Healthcare Equipment and Supplies2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Simplicity Financial Marketing Group Holdings, Inc Maturity 12/2/2026 Industry Business Services Current Coupon 11.70% Basis Point Spread Above Index SOFR+7152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% EDS Buyer, LLC - Unfunded Term Loan Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components2024-03-310001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Affinion Group Holdings, Inc. (Warrants), Maturity 04/10/2024, Industry Consumer Goods: Durable2022-10-012023-09-300001504619us-gaap:FinancingReceivables30To59DaysPastDueMember2022-10-012023-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name TPC Canada Parent, Inc. and TPC US Parent, LLC Maturity 11/24/2025 Industry Consumer Goods: Non-Durable Current Coupon 10.94% Basis Point Spread Above Index SOFR+5652024-03-310001504619pflt:ClassCNotesMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TCG 3.0 Jogger Acquisitionco, Inc. - (Revolver) Maturity 1/26/2029 Industry Media2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Gauge ETE Blocker, LLC - Promissory Note Maturity 5/19/2029 Industry Diversified Consumer Services Current Coupon 12.56%2024-03-3100015046192021-10-012021-10-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Smile Brands Inc. (Revolver) Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals2023-10-012024-03-310001504619pflt:EquityDistributionAgreementsMember2023-08-112023-08-110001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, First Lien Secured Debt—36.8% Total2023-09-300001504619pflt:InternetSoftwareAndServicesMember2023-09-300001504619Related Party PSSL Equity Securities - 6.9% Issuer Name Walker Edison Furniture - Common Equity Industry Wholesale2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) (Revolver) Maturity 6/15/2029 Industry Professional Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Pragmatic Institute, LLC, Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Mars Acquisition Holdings Corp. (Revolver) Maturity 05/14/2026 Industry Media2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Any Hour Services, Maturity 07/21/2027, Industry Energy Equipment and Services, Current Coupon 11.22%, Basis Point Spread Above Index 3M SOFR+5852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.1% Common Equity/Warrants— 16.7% Kinetic Purchaser, LLC Industry Personal Products2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, A1 Garage Merger Sub, LLC - Unfunded Term Loan, Maturity 12/22/2028, Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% North Haven Saints Equity Holdings, LP Industry Healthcare Technology2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Pragmatic Institute, LLC, Industry Professional Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% NBH Group LLC (Revolver) Maturity 8/19/2026 Industry Healthcare Equipment and Supplies2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Beta Plus Technologies, Inc, Maturity 07/01/2029, Industry Internet Software and Services, Current Coupon 11.14%, Basis Point Spread Above Index 3M SOFR+5752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Ledge Lounger, Inc. (Revolver) Maturity 11/09/2026 Industry Leisure Products2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Compex Legal Services, Inc. (Revolver), Maturity 02/07/2025, Industry Professional Services2022-10-012023-09-300001504619Cash and Cash Equivalents—15.3%, Money Market - BlackRock Federal FD Institutional 302023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% SSC Dominion Holdings, LLC Class B (US Dominion, Inc.) Industry Capital Equipment2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% BioDerm Holdings, LP Industry Healthcare Equipment and Supplies2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Dr. Squatch, LLC, Maturity 08/31/2027, Industry Personal Products, Current Coupon 11.24%, Basis Point Spread Above Index 3M SOFR+5852022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ACP Avenu Buyer, LLC (Revolver) Maturity 10/02/2029 Industry IT Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Ledge Lounger, Inc. Maturity 11/09/2026 Industry Leisure Products Current Coupon 11.79% Basis Point Spread Above Index 3M SOFR+6402022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Pacific Purchaser, LLC - Unfunded Term Loan Maturity 9/30/2028 Industry Professional Services2023-10-012024-03-310001504619pflt:LongTermCreditFacilityMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Skopima Consilio Parent, LLC Maturity 5/17/2028 Industry Business Services Current Coupon 9.94% Basis Point Spread Above Index 1M SOFR+4502023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Duraco Specialty Tapes LLC Maturity 6/30/2024 Industry Containers and Packaging Current Coupon 11.89% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Smile Brands Inc. (Revolver) Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals Current Coupon 9.95% Basis Point Spread Above Index 1M SOFR+4502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Spendmend Holdings LLC (Revolver) Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 11.03% Basis Point Spread Above Index 1M SOFR+5652022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Anteriad, LLC (f/k/a MeritDirect, LLC) - Revolver Loan Maturity 06/30/2026 Industry Media2024-03-310001504619pflt:TwoThousandThirtySixNotesMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Pragmatic Institute, LLC - Unfunded Term Loan Maturity 7/6/2028 Industry Professional Services2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 05/23/2024 Industry Media: Advertising, Printing & Publishing Current Coupon 11.23% Basis Point Spread Above Index SOFR+5652024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Confluent Health, LLC Maturity 10/28/2028 Industry Healthcare and Pharmaceuticals Current Coupon 9.44% Basis Point Spread Above Index SOFR+4002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% TPC Canada Parent, Inc. and TPC US Parent, LLC Maturity 11/24/2025 Industry Food Products Current Coupon 10.90% Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Gauge Schlesinger Coinvest LLC (Preferred Equity), Industry Professional Services2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% ITC Rumba, LLC (Cano Health, LLC) Industry Healthcare and Pharmaceuticals2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Inventus Power, Inc. (Revolver) Maturity 06/30/2025 Industry Electronic Equipment, Instruments, and Components2022-10-012023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% First Lien Secured Debt — 33.4% PennantPark Senior Secured Loan Fund I LLC Maturity 05/06/2024 Industry Financial Services Current Coupon 13.32% Basis Point Spread Above Index 3M SOFR+8002024-03-310001504619pflt:NonControlledAndControlledAffiliatedInvestmentsMember2022-10-012023-03-310001504619us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueEnterpriseMarketValueMemberus-gaap:EquityMethodInvestmentsMember2023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:FirstLienMember2022-09-300001504619srt:MaximumMemberpflt:IncentiveFeePaymentConditionOneMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 06/30/2026 Industry Media Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5752024-03-310001504619pflt:AutomobilesIndustryMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Pragmatic Institute, LLC. Maturity 7/6/2028 Industry Education Current Coupon 11.17% Basis Point Spread Above Index SOFR+5752022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Applied Technical Services, LLC - (Revolver) Maturity 12/29/2026 Industry Commercial Services & Supplies2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% EDS Buyer, LLC Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.05% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9%, Aeronix, Inc. (Revolver) Maturity 12/18/2028, Industry Aerospace and Defense2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ACP Falcon Buyer, LLC (Revolver) Maturity 08/01/2029 Industry Professional Services2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Reception Purchaser, LLC Maturity 2/28/2028 Industry Air Freight and Logistics Current Coupon 11.54% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Seaway Buyer, LLC, Maturity 6/13/2029, Industry Chemicals, Plastics and Rubber, Current Coupon 11.54%, Basis Point Spread Above Index SOFR+6152023-09-300001504619pflt:BusinessServicesMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Walker Edison Furniture Company, LLC - Unfunded Term Loan Maturity 3/1/2029 Industry Wholesale2023-10-012024-03-310001504619us-gaap:FairValueInputsLevel3Member2024-03-310001504619pflt:ConstructionAndBuildingMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% FedHC InvestCo LP Industry Aerospace and Defense2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Output Services Group, Inc. - First-out Term Loan Maturity 11/30/2028 Industry Business Services Current Coupon 13.82% Basis Point Spread Above Index 3M SOFR+8432023-10-012024-03-310001504619pflt:FoodProductsMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Skopima Consilio Parent, LLC Maturity 5/17/2028 Industry Business Services Current Coupon 9.94% Basis Point Spread Above Index SOFR+4502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Magnolia Topco LP - Class A Preferred Equity Industry Automobiles2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Medina Health, LLC Maturity 10/20/2028 Industry Healthcare Providers and Services Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, CHA Holdings, Inc, Maturity 04/10/2025, Industry Environmental Industries, Current Coupon 10.15%, Basis Point Spread Above Index 3M SOFR+4762022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Beta Plus Technologies, Inc. Maturity 7/1/2029 Industry Business Services Current Coupon 11.10% Basis Point Spread Above Index SOFR + 5752024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Riverpoint Medical, LLC (Revolver) Maturity 6/20/2025 Industry Healthcare Equipment and Supplies Current Coupon 10.73% Basis Point Spread Above Index 3M SOFR+5102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% LJ Avalon Holdings, LLC - Unfunded Term Loan Maturity 07/31/2024 Industry Construction & Engineering2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Magenta Buyer, LLC Maturity 7/31/2028 Industry Software Current Coupon 10.57% Basis Point Spread Above Index SOFR+5002024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% First Lien Secured Debt — 33.4% Marketplace Events, LLC - Super Priority First Lien Term Loan Maturity 09/30/2025 Industry Media Diversified and Production Current Coupon 10.72% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Questex, LLC (Revolver) Maturity 9/9/2024 Industry Media: Diversified and Production2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Ledge Lounger, Inc. (Revolver) Maturity 11/09/2026 Industry Leisure Products2022-10-012023-09-300001504619pflt:TruistCreditFacilityMember2024-03-310001504619pflt:DiversifiedConsumerServicesMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Any Hour Services Maturity 7/21/2027 Industry Professional Services Current Coupon 11.00% Basis Point Spread Above Index SOFR+5852023-10-012024-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Dr. Squatch, LLC Maturity 8/31/2027 Industry Personal Products Current Coupon 11.16% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% TWD Parent Holdings, LLC (The Vertex Companies, LLC) Industry Construction & Engineering2023-10-012024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, First Lien Secured Debt—36.8%, Marketplace Events, LLC - Super Priority First Lien Term Loan, Maturity 09/30/2025, Industry Media: Diversified and Production, Current Coupon 10.94%, Basis Point Spread Above Index 3M SOFR+5502023-09-300001504619pflt:TwoThousandTwentySixNotesPayableMember2021-10-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lash OpCo, LLC (Revolver) Maturity 08/16/2026 Industry Personal Products2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MDI Buyer, Inc. (Revolver) Maturity 07/25/2028 Industry Commodity Chemicals2023-09-300001504619pflt:PennantParkSeniorSecuredLoanFundILLCMemberpflt:EquityInterestsMember2023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2022-10-012023-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 12.24% Basis Point Spread Above Index SOFR+6852023-09-300001504619us-gaap:FairValueInputsLevel3Member2022-10-012023-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Rancho Health MSO, Inc. Maturity 12/18/2025 Industry Healthcare Providers and Services Current Coupon 11.24% Basis Point Spread Above Index SOFR+5852024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name ITI Holdings, Inc Maturity 3/3/2028 Industry IT Services Current Coupon 11.06% Basis Point Spread Above Index SOFR+5602023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, By Light Investco LP, Industry High Tech Industries2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Reception Purchaser, LLC Maturity 2/28/2028 Industry Air Freight and Logistics Current Coupon 11.50% Basis Point Spread Above Index SOFR+6152024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Skopima Consilio Parent, LLC Maturity 5/17/2028 Industry Business Services Current Coupon 9.94% Basis Point Spread Above Index SOFR+4502024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name The Bluebird Group LLC Maturity 7/27/2026 Industry Professional Services Current Coupon 11.96% Basis Point Spread Above Index SOFR+6652024-03-310001504619Minimum Qualifying Assets2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Tyto Athene, LLC (Revolver) Maturity 04/01/2026 Industry IT Services2022-10-012023-09-3000015046192023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Urology Management Holdings, Inc. Maturity 6/15/2026 Industry Healthcare and Pharmaceuticals Current Coupon 11.68% Basis Point Spread Above Index SOFR+6652023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% TWS Acquisition Corporation (Revolver) Maturity 06/16/2025 Industry Diversified Consumer Services2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Inventus Power, Inc. Maturity 6/30/2025 Industry Consumer Goods: Durable Current Coupon 12.94% Basis Point Spread Above Index SOFR+7612023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Connatix Buyer, Inc. Maturity 7/13/2027 Industry Media Current Coupon 11.09% Basis Point Spread Above Index SOFR+5762023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name TPC Canada Parent, Inc. and TPC US Parent, LLC Maturity 11/24/2025 Industry Consumer Goods: Non-Durable Current Coupon 10.94% Basis Point Spread Above Index SOFR+5652023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lucky Bucks, LLC Maturity 07/20/2027 Industry Hotels, Restaurants and Leisure Current Coupon 0.00%2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Integrative Nutrition, LLC Maturity - 1/31/2025 Industry Consumer Services Current Coupon 12.46% (PIK 2.25%) Basis Point Spread Above Index 3M SOFR+7152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, ETE Intermediate II, LLC (Revolver), Maturity 05/25/2029, Industry Diversified Consumer Services 2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Fairbanks Morse Defense Maturity 6/23/2028 Industry Aerospace and Defense Current Coupon 10.32% Basis Point Spread Above Index 3M SOFR+5012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Municipal Emergency Services, Inc. Maturity 9/28/2027 Industry Distributors Current Coupon 11.04% Basis Point Spread Above Index SOFR+5652022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Sargent & Greenleaf Inc, Maturity 12/20/2024, Industry Wholesale, Current Coupon 12.92% (PIK 1.00%), Basis Point Spread Above Index SOFR+7602023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% NORA Parent Holdings, LLC Industry Healthcare Providers and Services2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name NBH Group LLC Maturity 8/19/2026 Industry Healthcare, Education & Childcare Current Coupon 10.93% Basis Point Spread Above Index SOFR+5252023-09-300001504619srt:MaximumMemberpflt:IncentiveFeePaymentConditionTwoMember2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name PL Acquisitionco, LLC. Maturity 11/19/2027 Industry Textiles, Apparel and Luxury GoodsCurrent Coupon 12.42% Basis Point Spread Above Index SOFR+7102022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name PH Beauty Holdings III, Inc. Maturity 9/9/2025 Industry Wholesale Current Coupon 10.68% Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001504619pflt:ClassDSecuredDeferrableFloatingRateLoansDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% ITC Infusion Co-invest, LP Industry Healthcare Equipment and Supplies2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) (Revolver) Maturity 6/15/2029 Industry Professional Services2024-03-310001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% One Stop Mailing, LLC Maturity 5/7/2027 Industry Air Freight and Logistics Current Coupon 11.69% Basis Point Spread Above Index 3M SOFR+6362023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Compex Legal Services, Inc. (Revolver), Maturity 02/07/2025, Industry Professional Services, Current Coupon 10.94%, Basis Point Spread Above Index 3M SOFR+5552022-10-012023-09-300001504619pflt:FirstLienInPSSLMemberpflt:InvestmentsFairValueMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Imagine Topco, LP, Industry Software, Current Coupon 8.00%2023-09-300001504619pflt:TruistCreditFacilityMember2024-01-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Spendmend Holdings LLC (Revolver) Maturity 3/1/2028 Industry Healthcare Technology Current Coupon 10.97% Basis Point Spread Above Index 3M SOFR+5652024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Watchtower Buyer, LLC Maturity 12/3/2029 Industry Diversified Consumer Services Current Coupon 11.31% Basis Point Spread Above Index SOFR+6002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, ORL Holdco, Inc, Industry Consumer Finance2022-10-012023-09-300001504619us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:TruistCreditFacilityMember2023-10-012023-12-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% UniTek Global Services, Inc. Industry Telecommunications Current Coupon 13.50%2024-03-310001504619pflt:AirFreightAndLogisticsMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Kentucky Racing Holdco, LLC, Industry Hotels, Restaurants and Leisure2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name ORL Acquisitions, Inc. Maturity 9/3/2027 Industry Consumer Finance Current Coupon 12.75% Basis Point Spread Above Index SOFR+7402024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Spendmend Holdings LLC (Revolver) Maturity 03/01/2028 Industry Healthcare Technology Current Coupon 11.03% Basis Point Spread Above Index 1M SOFR+5652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Athletico Holdings, LLC Industry Healthcare Providers and Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Meadowlark Acquirer, LLC Maturity 12/10/2027 Industry Professional Services Current Coupon 11.20% Basis Point Spread Above Index 3M SOFR+5652023-10-012024-03-310001504619pflt:SecondLienMemberpflt:InvestmentsFairValueMember2023-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2036Memberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-012024-02-290001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name MAG DS Corp Maturity 4/1/2027 Industry Aerospace and Defense Current Coupon 10.90% Basis Point Spread Above Index SOFR+5502024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Smile Brands Inc, Maturity 10/14/2025, Industry Healthcare and Pharmaceuticals, Current Coupon 9.70%, Basis Point Spread Above Index SOFR+4502023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Mission Critical Electronics, Inc. Maturity 3/28/2024 Industry Capital Equipment Current Coupon 11.29% Basis Point Spread Above Index SOFR+5902024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Integrative Nutrition, LLC Maturity 1/31/2025 Industry Diversified Consumer Services Current Coupon 12.54% Basis Point Spread Above Index SOFR+7002022-10-012023-09-300001504619pflt:LongTermCreditFacilityMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name PlayPower, Inc. Maturity 6/28/2026 Industry Consumer Goods: Durable Current Coupon 10.57% Basis Point Spread Above Index SOFR+5652022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, BioDerm Holdings, LP, Industry Healthcare Equipment and Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Mars Acquisition Holdings Corp. (Revolver) Maturity 5/14/2026 Industry Media2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Lightspeed Buyer Inc. Maturity 2/3/2026 Industry Healthcare Providers and Services Current Coupon 11.70% Basis Point Spread Above Index SOFR+5352022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Gauge Lash Coinvest LLC Industry Personal Products2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Compex Legal Services, Inc. (Revolver) Maturity 2/7/2025 Industry Professional Services Current Coupon 10.87% Basis Point Spread Above Index 3M SOFR+5552023-10-012024-03-310001504619us-gaap:FairValueInputsLevel1Memberpflt:TwoThousandTwentySixNotesPayableMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sargent & Greenleaf Inc. Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.93% (PIK 1.00%) Basis Point Spread Above Index 1M SOFR+7602024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, A1 Garage Merger Sub, LLC, Maturity 12/22/2028, Industry Commercial Services & Supplies, Current Coupon 11.99%, Basis Point Spread Above Index 3M SOFR+6602022-10-012023-09-300001504619Minimum Qualifying Assets2024-03-310001504619pflt:ClassB1SeniorSecuredFloatingRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Dr. Squatch, LLC Maturity 8/31/2027 Industry Personal Productses Current Coupon 11.24% Basis Point Spread Above Index SOFR+5852022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Mission Critical Electronics, Inc. Maturity 3/28/2024 Industry Capital Equipment Current Coupon 11.29% Basis Point Spread Above Index SOFR+5902023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Output Services Group, Inc - Last-Out Term Loan Maturity 5/30/2028 Industry Business Services Current Coupon 12.07% Basis Point Spread Above Index SOFR+6682024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Delta InvestCo LP (Sigma Defense Systems, LLC) Industry IT Services2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Sales Benchmark Index LLC, Maturity 1/3/2025, Industry Professional Services, Current Coupon 11.59%, Basis Point Spread Above Index SOFR+6202022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Tyto Athene, LLC, Maturity 4/1/2028, Industry IT Services, Current Coupon 10.90%, Basis Point Spread Above Index SOFR+5502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Walker Edison Furniture, LLC - Term Loan Maturity 3/1/2029 Industry Wholesale2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% TPC Holding Company, LP Industry Food Products2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Pragmatic Institute, LLC (Revolver) Maturity 07/06/2028 Industry Professional Services Current Coupon 11.17% Basis Point Spread Above Index 3M SOFR+5752022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% IG Investments Holdings, LLC (Revolver) Maturity 09/22/2027 Industry Professional Services2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name NBH Group LLC Maturity 8/19/2026 Industry Healthcare, Education & Childcare Current Coupon 11.19% Basis Point Spread Above Index SOFR+5252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Seaway Buyer, LLC Maturity 06/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 11.46% Basis Point Spread Above Index 3M SOFR +6152023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Alpine Acquisition Corp II Maturity 11/30/2026 Industry Containers and Packaging Current Coupon 11.24% Basis Point Spread Above Index SOFR+6002023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Medina Health, LLC (Revolver) Maturity 10/20/2028 Industry Healthcare Providers and Services Current Coupon 11.56% Basis Point Spread Above Index 3M SOFR+6252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, SSC Dominion Holdings, LLC, Industry Capital Equipment2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sales Benchmark Index LLC Maturity 01/03/2025 Industry Professional Services Current Coupon 11.51% Basis Point Spread Above Index 3M SOFR+6202023-10-012024-03-310001504619pflt:EquityInterestsInPSSLMemberpflt:InvestmentsCostMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% CF512, Inc. (Revolver) Maturity 8/20/2026 Industry Media2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, (American Insulated Glass, LLC), HPA SPQ Aggregator LP, Industry Professional Services2022-10-012023-09-300001504619pflt:TwoThousandAndTwentySixNotesTwoMember2023-10-012023-12-310001504619pflt:FirstLienInPSSLMemberpflt:InvestmentsCostMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Kinetic Purchaser, LLC Maturity 11/10/2027 Industry Personal Products Current Coupon 11.54% Basis Point Spread Above Index SOFR+6152023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienSubordinatedDebtAndEquityInvestmentsMember2022-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, CHA Holdings, Inc, Maturity 04/10/2025, Industry Environmental Industries, Current Coupon 10.15%, Basis Point Spread Above Index 3M SOFR+4762023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, eCommission Financial Services, Inc, Maturity 10/05/2023, Industry Banking, Finance, Insurance & Real Estate, Current Coupon 10.43%, Basis Point Spread Above Index 3M SOFR+5102023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Imagine Acquisitionco, LLC Maturity 11/15/2027 Industry Software2023-09-300001504619Controlled Affiliated Investments Member2023-10-012024-03-310001504619us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueEnterpriseMarketValueMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% NXOF Holdings, Inc. (Tyto Athene, LLC) Industry IT Services2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name STV Group Incorporated, Maturity 12/11/2026, Industry Construction and Building, Current Coupon 10.67%, Basis Point Spread Above Index SOFR+5352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), TWD Parent Holdings, LLC (The Vertex Companies, LLC), Industry Construction & Engineering2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Pragmatic Institute, LLC (Revolver) Maturity 07/06/2028 Industry Professional Services Current Coupon 11.17% Basis Point Spread Above Index 3M SOFR+5752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1% First Lien Senior Secured Debt - 101.9% Sargent & Greenleaf Inc. Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components Current Coupon 12.93% Basis Point Spread Above Index 1M SOFR+7602023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sigma Defense Systems, LLC (Revolver) Maturity 12/18/2027 Industry IT Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Delta InvestCo LP (Sigma Defense Systems, LLC) Industry IT Services One2023-10-012024-03-310001504619pflt:NonControlledAndControlledAffiliatedInvestmentsMember2023-01-012023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MDI Buyer, Inc. (Revolver) Maturity 07/25/2028 Industry Commodity Chemicals Current Coupon 10.91% Basis Point Spread Above Index 3M SOFR+6002022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Global Holdings InterCo LLC Maturity 3/16/2026 Industry Diversified Financial Services Current Coupon 11.45% Basis Point Spread Above Index SOFR+6102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ITI Holdings, Inc. (Revolver) Maturity - 3/3/2028 Industry IT Services Current Coupon 11.90% Basis Point Spread Above Index 3M SOFR+5602024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Kentucky Racing Holdco, LLC, Industry Hotels, Restaurants and Leisure2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, NEPRT Parent Holdings, LLC (Recteq, LLC), Industry Leisure Products2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan, Maturity 05/23/2024, Industry Media, Current Coupon 12.04%, Basis Point Spread Above Index 3M SOFR+6652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, eCommission Financial Services, Inc, Maturity 10/05/2023, Industry Banking, Finance, Insurance & Real Estate, Current Coupon 10.43%, Basis Point Spread Above Index 3M SOFR+5102022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% IIN Group Holdings, LLC (Integrative Nutrition, LLC) Industry Consumer Services2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name TWS Acquisition Corporation Maturity 6/16/2025 Industry Diversified Consumer Services Current Coupon 11.73% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Loving Tan Intermediate II, Inc. Maturity 05/31/2028 Industry Personal Products2022-10-012023-09-300001504619us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PCS Midco, Inc. - Unfunded Term Loan Maturity 3/1/2026 Industry Professional Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Duraco Specialty Tapes LLC, Maturity 06/30/2024, Industry Containers and Packaging, Current Coupon 11.93%, Basis Point Spread Above Index 3M SOFR+6502022-10-012023-09-300001504619pflt:TwoThousandThirtyOneAssetBackedDebtMember2022-10-012023-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Holdco Sands Intermediate, LLC Maturity 11/23/2028 Industry Aerospace and Defense Current Coupon 11.32% Basis Point Spread Above Index SOFR+5852022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Pacific Purchaser, LLC - (Revolver) Maturity 9/30/2028 Industry Professional Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% ITC Infusion Co-invest, LP Industry Healthcare Equipment and Supplies2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% System Planning and Analysis, Inc.(f/k/a Management Consulting & Research, LLC) Maturity 8/16/2027 Industry Aerospace and Defense Current Coupon 11.10% Basis Point Spread Above Index 3M SOFR+5902024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Anteriad, LLC (f/k/a MeritDirect, LLC) - Incremental Term Loan Maturity 06/30/2026 Industry Media Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9% , Schlesinger Global, Inc. (Revolver), Maturity 07/14/2025, Industry Professional Services, Instruments, and Components, Current Coupon 12.52%, Basis Point Spread Above Index 1M SOFR+7152022-10-012023-09-300001504619srt:MinimumMemberpflt:IncentiveFeePaymentConditionTwoMember2023-10-012024-03-310001504619pflt:NonControlledNonAffiliatedInvestmentsMember2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), TTower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC), Industry Media2022-10-012023-09-300001504619pflt:CommercialServicesAndSuppliesMember2023-09-300001504619pflt:PriorCreditFacilityMember2024-01-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,398.7% Issuer Name Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare Providers and Services Current Coupon 12.64% Basis Point Spread Above Index SOFR+7252023-10-012024-03-310001504619us-gaap:FairValueInputsLevel2Member2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Connatix Buyer, Inc. Maturity 7/13/2027 Industry Media Current Coupon 11.16% Basis Point Spread Above Index SOFR+5762022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Marketplace Events, LLC - Super Priority First Lien Term Loan Maturity 9/30/2025 Industry Media: Diversified and Production Current Coupon 10.72% Basis Point Spread Above Index SOFR+5252023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Solutionreach, Inc. Maturity 07/17/2025 Industry Healthcare Technology Current Coupon 12.46% Basis Point Spread Above Index 3M SOFR+7002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Connatix Buyer, Inc., Maturity 07/13/2027, Industry Media2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Municipal Emergency Services, Inc. Industry Distributors2023-10-012024-03-310001504619us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:ClassA2SeniorSecuredFixedRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Applied Technical Services, LLC (Revolver), Maturity 12/29/2026, Industry Commercial Services & Supplies, Current Coupon 13.25%, Basis Point Spread Above Index 3M SOFR+4752023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Subordinate Debt— 0.0%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, AG Investco LP, Industry Software2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Any Hour Services (Revolver) Maturity 07/21/2027 Industry Energy Equipment and Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% LSF9 Atlantis Holdings, LLC Maturity 6/30/2029 Industry Specialty Retail Current Coupon 11.83% Basis Point Spread Above Index 3M SOFR+6502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TransGo, LLC Maturity 12/29/2028 Industry Auto Components Current Coupon 11.33% Basis Point Spread Above Index 3M SOFR+6002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Affinion Group Holdings, Inc. (Warrants) Maturity 04/10/2024 Industry Consumer Goods Durable2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, By Light Professional IT Services, LLC (Revolver), Maturity 05/16/2025, Industry High Tech Industries 2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Recteq, LLC Maturity 1/29/2026 Industry Leisure Products Current Coupon 12.46% Basis Point Spread Above Index 3M SOFR+7152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Blackhawk Industrial Distribution, Inc. Maturity 9/17/2026 Industry Distributors Current Coupon 11.47% Basis Point Spread Above Index 3M SOFR+5652023-10-012024-03-310001504619pflt:TwoThousandThirtyTwoAssetBackedDebtMemberpflt:PennantParkSeniorSecuredLoanFundILLCMember2024-03-310001504619Controlled Affiliated Investments Member2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Simplicity Financial Marketing Group Holdings Inc. Maturity 12/2/2026 Industry Diversified Financial Services Current Coupon 11.63% Basis Point Spread Above Index 3M SOFR+6402024-03-310001504619pflt:TwoThousandTwentyThreeNotesMember2023-10-012024-03-310001504619pflt:TwoThousandThirtyOneAssetBackedDebtMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% ITI Holdings, Inc. (Revolver) Maturity 03/03/2028 Industry IT Services Current Coupon 12.05% Basis Point Spread Above Index 1M SOFR+5602023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, By Light Professional IT Services, LLC, Maturity 05/16/2025, Industry High Tech Industries, Current Coupon 12.43%, Basis Point Spread Above Index 3M SOFR+6882023-09-300001504619 Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Riverpoint Medical, LLC Maturity 6/20/2025 Industry Healthcare Equipment and Supplies Current Coupon 10.97% Basis Point Spread Above Index 3M SOFR+5152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% OSP Embedded Aggregator, LP Industry Aerospace and Defense2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Burgess Point Holdings, LP Industry Auto Components2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, MSpark, LLC, Industry Media, Advertising, Printing and Publishing2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Solutionreach, Inc. Maturity 7/17/2025 Industry Healthcare and Pharmaceuticals Current Coupon 12.46% Basis Point Spread Above Index SOFR+7002024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Municipal Emergency Services, Inc. - Unfunded Term Loan B Maturity 12/16/2024 Industry Distributors2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Municipal Emergency Services, Inc. - Unfunded Term Loan B Maturity 12/16/2024 Industry Distributors2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Pink Lily Holdco, LLC (PL Acquisitions, LLC) Industry Textiles, Apparel and Luxury Goods2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name CF512, Inc.Maturity 8/20/2026 Industry Media Current Coupon 11.60% Basis Point Spread Above Index SOFR+6192023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% UniTek Global Services, Inc. - Super Senior Preferred Equity Industry Telecommunications Current Coupon 20.00%2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Five Star Parent Holdings, LLC Industry Hotels, Restaurants and Leisure2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP), Industry Media2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Applied Technical Services, LLC (Revolver) Maturity 12/29/2026 Industry Commercial Services & Supplies Current Coupon 13.25% Basis Point Spread Above Index 3M SOFR+4752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Super Senior Preferred Equity, UniTek Global Services, Inc., Industry Telecommunications, Current Coupon 20.00%2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Mars Acquisition Holdings Corp. Maturity 05/14/2026 Industry Media Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 9/17/2026 Industry Distributors Current Coupon 11.79% Basis Point Spread Above Index SOFR+6402022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Integrated Data Services Maturity 8/1/2029 Industry Business Services Current Coupon 11.87% Basis Point Spread Above Index SOFR+6502022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Magnolia Topco LP - Class B Common Equity Industry Automobiles2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% LJ Avalon, LP Industry Construction & Engineering2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9 Infinity Home Services Holdco, Inc. - Unfunded Term Loan Maturity - 11/17/2025 Industry Commercial Services & Supplies2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 Industry Professional Services Current Coupon 11.04% Basis Point Spread Above Index SOFR+5652022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name New Milani Group LLC Maturity 6/6/2024 Industry Consumer Goods: Non-Durable Current Coupon 10.92% Basis Point Spread Above Index SOFR+5502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% ITI Holdings, Inc. (Revolver) Maturity 03/03/2028 Industry IT Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Skopima Consilio Parent, LLC Maturity 05/17/2028 Industry Business Services Current Coupon 9.93% Basis Point Spread Above Index 1M SOFR+4502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Exigo, LLC, Industry Software2022-10-012023-09-300001504619us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberpflt:ClassA2SeniorSecuredFixedRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2023-10-012024-03-3100015046192024-05-080001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Reception Purchaser, LLC Maturity 2/28/2028 Industry Air Freight and Logistics Current Coupon 11.50% Basis Point Spread Above Index SOFR+6152023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name NORA Acquisition, LLC Maturity 8/31/2029 Industry Healthcare Providers and Services Current Coupon 11.70% Basis Point Spread Above Index SOFR+6352024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) Maturity 6/15/2029 Industry High Tech Industries Current Coupon 11.43% Basis Point Spread Above Index SOFR+6252024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% OSP Embedded Purchaser, LLC Maturity 12/15/2029 Industry Aerospace and Defense Current Coupon 11.16% Basis Point Spread Above Index 3M SOFR+5852024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, QuantiTech InvestCo II LP, Industry Aerospace and Defense2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name HW Holdco, LLC Maturity 12/10/2024 Industry Media Current Coupon 11.72% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sigma Defense Systems, LLC Maturity 12/18/2027 Industry IT Services Current Coupon 12.46% Basis Point Spread Above Index 3M SOFR+7152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, FedHC InvestCo LP, Industry Aerospace and Defense One2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Challenger Performance Optimization, Inc.Maturity 8/31/2024 Industry Business Serviceg Current Coupon 12.18% Basis Point Spread Above Index SOFR+6752022-10-012023-09-300001504619us-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Memberpflt:ValuationTechniqueEnterpriseMarketValueMembersrt:WeightedAverageMemberus-gaap:EquityMethodInvestmentsMember2024-03-310001504619Controlled Affiliated Investments Member2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% BlueHalo Financing Holdings, LLC Maturity 10/31/2025 Industry Aerospace and Defense Current Coupon 10.42% Basis Point Spread Above Index 3M SOFR+4752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% ORL Acquisition, Inc. (Revolver) Maturity 9/3/2027 Industry Consumer Finance2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, By Light Professional IT Services, LLC (Revolver), Maturity 05/16/2025, Industry High Tech Industries 2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Lash OpCo, LLC (Revolver) Maturity - 8/16/2026 Industry Personal Products Current Coupon 13.27% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+8102024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Integrative Nutrition, LLC Maturity 01/31/2025 Industry Consumer Services Current Coupon 12.54% Basis Point Spread Above Index 3M SOFR+7152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Arcfield Acquisition Corp. (Revolver), Maturity 08/04/2028, Industry Aerospace and Defense2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Gauge Loving Tan, LP, Industry Personal Products2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Cadence Aerospace, LLC, Maturity 11/14/2023, Industry Aerospace and Defense, Current Coupon 12.07%, Basis Point Spread Above Index 3M SOFR+6652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Schlesinger Global, Inc. Maturity 07/14/2025 Industry Professional Services Current Coupon 13.68% (PIK 5.60%) Basis Point Spread Above Index 3M SOFR+8252024-03-310001504619pflt:ClassB2SeniorSecuredFixedRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Sargent & Greenleaf Inc. (Revolver) Maturity 12/20/2024 Industry Electronic Equipment, Instruments, and Components (PIK 1.00%)2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Smartronix, LLC - (Revolver) Maturity 11/23/2027 Industry Aerospace and Defense2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Preferred Equity— 1.5% Mars Intermediate Holdings II, Inc. Industry Media2023-10-012024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% First Lien Secured Debt — 33.4% Marketplace Events, LLC Maturity 09/30/2026 Industry Media Diversified and Production Current Coupon 10.72% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Connatix Buyer, Inc., Maturity 07/13/2027, Industry Media2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt – 144.9% Wildcat Buyerco, Inc. (Revolver) Maturity 2/26/2027 Industry Electronic Equipment, Instruments, and Components2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% The Vertex Companies, LLC (Revolver) Maturity 8/30/2027 Industry Construction & Engineering2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Lash OpCo, LLC Maturity 2/18/2027 Industry Personal Products Current Coupon 13.23% Basis Point Spread Above Index SOFR+7002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% GMP Hills, L.P. Industry Distributors2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% QuantiTech InvestCo II LP Industry Aerospace and Defense2024-03-310001504619Non Controlled Affiliated Investments2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name One Stop Mailing, LLC Maturity 5/7/2027 Industry Air Freight and Logistics Current Coupon 11.68% Basis Point Spread Above Index SOFR+6362022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Marketplace Events, LLC - Super Priority First Lien Unfunded Term Loan (3) Maturity 5/14/2026 Industry Media Current Coupon 11.04% Basis Point Spread Above Index SOFR+5652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Integrative Nutrition, LLC Maturity 01/31/2025 Industry Consumer Services Current Coupon 12.54% Basis Point Spread Above Index 3M SOFR+7152023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name BlueHalo Financing Holdings, LLC Maturity 10/31/2025 Industry Aerospace and Defense Current Coupon 10.42% Basis Point Spread Above Index SOFR+6652023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Transgo, LLC Maturity 12/29/2028 Industry Automotive Current Coupon 11.33% Basis Point Spread Above Index SOFR+6002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Lash OpCo, LLC (Revolver) Maturity 08/16/2026 Industry Personal Products Current Coupon 12.15% Basis Point Spread Above Index 3M SOFR+6752022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, NXOF Holdings, Inc. (Tyto Athene, LLC), Industry IT Services2023-09-300001504619pflt:ClassB1SeniorSecuredFloatingRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2023-10-012024-03-310001504619pflt:TwoThousandThirtyFiveAssetBackedDebtMember2023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—45.1%, First Lien Secured Debt—36.8%, Marketplace Events, LLC - Super Priority First Lien Term Loan, Maturity 09/30/2025, Industry Media: Diversified and Production2023-09-300001504619pflt:ClassB2SeniorSecuredFixedRateNotesDue2031Memberpflt:TwoThousandAndThirtyOneAssetBackedDebtMember2019-09-012019-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% TWS Acquisition Corporation Maturity 06/16/2025 Industry Diversified Consumer Services Current Coupon 11.81% Basis Point Spread Above Index 3M SOFR+6402023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Signature CR Intermediate Holdco, Inc, Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Signature Systems Holding Company (Revolver) Maturity 05/03/2024 Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% PlayPower, Inc Maturity 5/8/2026 Industry Leisure Products Current Coupon 10.98% Basis Point Spread Above Index 1M SOFR+5652023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Integrative Nutrition, LLC Maturity 1/31/2025 Industry Diversified Consumer Services Current Coupon 12.46% (PIK 2.25%) Basis Point Spread Above Index SOFR+7152023-10-012024-03-310001504619pflt:TwoThousandAndThirtySixAssetBackedDebtMember2023-10-012024-03-310001504619pflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:LongTermCreditFacilityMemberpflt:ValuationTechniqueMarketComparableMember2024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Inventus Power, Inc Maturity 6/30/2025 Industry Consumer Goods Durable Current Coupon 12.93% Basis Point Spread Above Index SOFR+7612022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Holdco Sands Intermediate, LLC (Revolver), Maturity 11/23/2027, Industry Aerospace and Defense2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name The Vertex Companies, LLC Maturity 8/31/2027 Industry Construction and Engineering Current Coupon 11.42% Basis Point Spread Above Index SOFR+6102024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name ACP Falcon Buyer, Inc. Maturity 8/1/2029 Industry Business Services Current Coupon 11.83% Basis Point Spread Above Index SOFR+6502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Infinity Home Services Holdco, Inc. - Unfunded Term Loan Maturity 12/28/2023 Industry Commercial Services & Supplies2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Municipal Emergency Services, Inc. (Revolver) Maturity 10/01/2027 Industry Distributors Current Coupon 11.04% Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% OHCP V BC COI, L.P. Industry Distributors One2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Efficient Collaborative Retail Marketing Company, LLC Maturity 6/15/2024 Industry Media: Diversified and Production Current Coupon 14.44% (PIK 1.50%) Basis Point Spread Above Index 3M SOFR+9002023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Magnolia Topco LP - Class A Common Equity, Industry Automobiles2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Icon Partners V C, L.P. Industry Internet Software and Services One2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Duraco Specialty Tapes LLC Maturity 6/30/2024 Industry Containers and Packaging Current Coupon 12.43% Basis Point Spread Above Index 3M SOFR+6502024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Gauge ETE Blocker, LLC - Promissory Note, Maturity 05/19/2029, Industry Diversified Consumer Services Current Coupon 12.56%2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Imagine Acquisitionco, LLC Maturity 11/15/2027 Industry Software Current Coupon 10.43% Basis Point Spread Above Index SOFR+5502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Any Hour Services (Revolver) Maturity 07/21/2027 Industry Energy Equipment and Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% LJ Avalon Holdings, LLC - Unfunded Term Loan Maturity 07/31/2024 Industry Construction & Engineering2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Signature CR Intermediate Holdco, Inc, Industry Commercial Services & Supplies, Current Coupon 12.00%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Loving Tan Intermediate II, Inc. (Revolver) Maturity 05/31/2028 Industry Personal Products2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Graffiti Buyer, Inc (Revolver), Maturity 08/10/2027, Industry Trading Companies & Distributors2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% PennantPark-TSO Senior Loan Fund, LP Industry Financial Services2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name Tyto Athene, LLC, Maturity 4/1/2028, Industry IT Services, Current Coupon 10.90%, Basis Point Spread Above Index SOFR+5502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% The Vertex Companies, LLC Maturity 08/30/2027 Industry Construction & Engineering Current Coupon 11.67% Basis Point Spread Above Index 1M SOFR+6352023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Municipal Emergency Services, Inc. Maturity 9/28/2027 Industry Distributors Current Coupon 11.04% Basis Point Spread Above Index SOFR+5652023-09-300001504619pflt:SBADebenturesMember2024-02-012024-02-290001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Meadowlark Acquirer, LLC - Term Loan II Maturity 12/10/2027 Industry Professional Services2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% New Medina Health, LLC Industry Healthcare Providers and Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Secured Debt - 144.9% Keel Platform, LLC - Unfunded Term Loan Maturity 1/19/20231 Industry Metals and Mining2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% MDI Buyer, Inc. (Revolver) Maturity 07/25/2028 Industry Commodity Chemicals2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Blackhawk Industrial Distribution, Inc, Maturity 09/17/2026, Industry Distributors, Current Coupon 11.79%, Basis Point Spread Above Index 3M SOFR+6402022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Mars Intermediate Holdings II, Inc, Industry Media2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Hancock Roofing and Construction L.L.C (Revolver), Maturity 12/31/2026, Industry Insurance, Current Coupon 10.92%, Basis Point Spread Above Index 1M SOFR+5602023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Seaway Buyer, LLC Maturity 06/13/2029 Industry Chemicals, Plastics and Rubber Current Coupon 11.54% Basis Point Spread Above Index 3M SOFR+6152022-10-012023-09-300001504619pflt:ClassA1SeniorSecuredFloatingRateNotesDue2036Memberpflt:TwoThousandAndThirtySixAssetBackedDebtMember2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Crane 1 Services, Inc. Maturity 8/16/2027 Industry Commercial Services & Supplies Current Coupon 10.81% Basis Point Spread Above Index SOFR+5012023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name LJ Avalon Holdings, LLC Maturity 1/31/2030 Industry Environmental Industries Current Coupon 11.67% Basis Point Spread Above Index SOFR+6402023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Quantic Electronics, LLC Maturity 11/19/2026 Industry Aerospace and Defense Current Coupon 11.70% Basis Point Spread Above Index SOFR+6352023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Arcfield Acquisition Corp, Maturity 08/03/2029, Industry Aerospace and Defense, Current Coupon 11.62%, Basis Point Spread Above Index 1M SOFR+6252023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Recteq, LLC (Revolver), Maturity 01/29/2026, Industry Leisure Products2023-12-152023-12-150001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Dr. Squatch, LLC (Revolver) Maturity 8/31/2027 Industry Personal Products Current Coupon 11.16% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carnegie Dartlet, LLC - (Revolver) Maturity 2/7/2030 Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% IIN Group Holdings, LLC (Integrative Nutrition, LLC) Industry Consumer Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Exigo Intermediate II, LLC (Revolver) Maturity 3/15/2027 Industry Software2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, CF512, Inc. (Revolver), Maturity 08/20/2026, Industry Media2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, BioDerm, Inc. (Revolver), Maturity 01/31/2028, Industry Healthcare Equipment and Supplies, Current Coupon 11.81%, Basis Point Spread Above Index 1M SOFR+6502023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% TCG 3.0 Jogger Acquisitionco, Inc. Maturity 1/26/2029 Industry Media Current Coupon 11.81% Basis Point Spread Above Index 3M SOFR+6502024-03-310001504619pflt:PersonalProductsMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Spendmend Holdings LLC - Unfunded Term Loan Maturity 3/3/2025 Industry Healthcare Technology2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Hills Distribution Inc Unfunded Term Loan Maturity 11/7/2025 Industry Distributors2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% S101 Holdings, Inc. Maturity 12/29/2026 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.48% Basis Point Spread Above Index 3M SOFR+6152024-03-310001504619pflt:LongTermCreditFacilityMember2022-10-012023-03-310001504619pflt:NonControlledNonAffiliatedInvestmentsMember2023-01-012023-03-310001504619us-gaap:EquityMethodInvestmentsMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Five Star Buyer, Inc. - DDTL B Unfunded, Maturity 02/23/2028, Industry Hotels, Restaurants and Leisure2022-10-012023-09-300001504619us-gaap:FairValueInputsLevel3Memberpflt:SecondLienMember2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, CF512, Inc., Maturity 08/20/2026, Industry Media, Current Coupon 11.59%, Basis Point Spread Above Index 3M SOFR+6192023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% BioDerm, Inc. (Revolver) Maturity 01/31/2028 Industry Healthcare Equipment and Supplies2023-10-012024-03-310001504619pflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:SecondLienMemberpflt:ValuationTechniqueMarketComparableMember2023-09-300001504619pflt:MeasurementInputMarketYieldMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMember2024-03-310001504619pflt:ChemicalsPlasticsAndRubberMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Graffiti Buyer, Inc. Maturity 8/10/2027 Industry Trading Companies & Distributors Current Coupon 10.90% Basis Point Spread Above Index SOFR+5602024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Apex Service Partners, LLC (Revolver), Maturity 07/31/2025, Industry Diversified Consumer Services, Current Coupon 10.86%, Basis Point Spread Above Index 3M SOFR+5252022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Alpine Acquisition Corp II Maturity 11/30/2026 Industry Containers and Packaging Current Coupon 11.24% Basis Point Spread Above Index SOFR+6002022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, KL Stockton Co-Invest LP (Any Hour Services), Industry Energy Equipment and Services2023-09-300001504619pflt:AerospaceAndDefenseMember2024-03-310001504619Related Party PSSL Cash and Cash Equivalents - 103.6% Issuer Name BlackRock Federal FD Institutional 302024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Magnolia Topco LP - Class A Preferred Equity, Industry Automobiles2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Rancho Health MSO, Inc. Maturity 12/18/2025 Industry Healthcare Providers and Services Current Coupon 11.22% Basis Point Spread Above Index SOFR+5852022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Blackhawk Industrial Distribution, Inc. (Revolver) Maturity 9/17/2026 Industry Distributors Current Coupon 11.72% Basis Point Spread Above Index 3M SOFR+5252024-03-310001504619pflt:BeginningOfPeriodMember2022-10-012023-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, DRS Holdings III, Inc. (Revolver)), Maturity 11/03/2025, Industry Personal Products2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, FedHC InvestCo LP, Industry Aerospace and Defense2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Quantic Electronics, LLCMaturity 11/19/2026 Industry Aerospace and Defense Current Coupon 11.74% Basis Point Spread Above Index SOFR+6352023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, TPC Holding Company, LP, Industry Food Products2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carnegie Dartlet, LLC - Unfunded Term Loan Maturity 2/7/2026 Industry Professional Services2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, PL Acquisitionco, LLC (Preferred Equity), Industry Textiles, Apparel and Luxury Goods2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% TWD Parent Holdings, LLC (The Vertex Companies, LLC) Industry Construction & Engineering2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Simplicity Financial Marketing Group Holdings, Inc Maturity 12/2/2026 Industry Business Services Current Coupon 11.70% Basis Point Spread Above Index SOFR+7152023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Inception Fertility Ventures, LLC Maturity 12/31/2024 Industry Healthcare Providers and Services Current Coupon 12.51% Basis Point Spread Above Index SOFR+7152022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Carisk Buyer, Inc.- Unfunded Term Loan Maturity 12/01/2029 Industry Healthcare Technology2023-10-012024-03-310001504619pflt:EquityInterestsInPSSLMemberpflt:InvestmentsFairValueMember2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Five Star Buyer, Inc., Maturity 02/23/2028, Industry Hotels, Restaurants and Leisure, Current Coupon 12.43%, Basis Point Spread Above Index 1M SOFR+7102022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name PlayPower, Inc. Maturity 5/8/2026 Industry Consumer Goods: Durable Current Coupon 11.06% Basis Point Spread Above Index SOFR+5652024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name HW Holdco, LLC Maturity 12/10/2024 Industry Media Current Coupon 11.72% Basis Point Spread Above Index SOFR+6402024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% MOREGroup Holdings, Inc. - (Revolver) Maturity 1/16/2030 Industry Construction & Engineering2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Rancho Health MSO, Inc. (Revolver) Maturity 12/18/2025 Industry Healthcare Equipment and Supplies2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% QuantiTech InvestCo LP Industry Aerospace and Defense2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% PlayPower, Inc. Maturity 05/08/2026 Industry Leisure Products Current Coupon 10.92% Basis Point Spread Above Index 3M SOFR+5652023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Second Lien Secured Debt—0.0% QuantiTech LLC Maturity 02/04/2027 Industry Aerospace and Defense Current Coupon 15.43% Basis Point Spread Above Index 3M SOFR+1,0102024-01-012024-03-310001504619us-gaap:FairValueInputsLevel1Member2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Imagine Acquisitionco, LLC (Revolver) Maturity 11/15/2027 Industry Software2023-09-300001504619Related Party PSSL Investments - 1,432.8%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Second Lien Secured Debt—0.0%, QuantiTech LLC, Maturity 02/04/2027, Industry Aerospace and Defense, Current Coupon 15.50% Basis Point Spread Above Index 3M SOFR+10102022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name ACP Avenu Buyer, LLC Maturity 10/1/2029 Industry Business Services Current Coupon 11.65% Basis Point Spread Above Index SOFR+6262024-03-310001504619us-gaap:EquityMemberpflt:InvestmentsFairValueMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Rancho Health MSO, Inc. Maturity 12/18/2025 Industry Healthcare Providers and Services Current Coupon 11.24% Basis Point Spread Above Index SOFR+5852023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% GCOM InvestCo LP Industry IT Services2024-03-310001504619pflt:LongTermCreditFacilityMember2023-01-012023-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5%- Issuer Name TWS Acquisition Corporation, Maturity 6/16/2025, Industry Diversified Consumer Services, Current Coupon 11.80%, Basis Point Spread Above Index SOFR+6252022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Municipal Emergency Services, Inc. Maturity 10/1/2027 Industry Distributors Current Coupon 10.46% Basis Point Spread Above Index 3M SOFR+5152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Five Star Buyer, Inc. (Revolver) Maturity 2/23/2028 Industry Hotels, Restaurants and Leisure2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, First Lien Senior Secured Debt - 101.9%, Wildcat Buyerco, Inc, Maturity 02/27/2026, Industry Electronic Equipment, Instruments, and Components, Current Coupon 10.54% Basis Point Spread Above Index 3M SOFR+5152023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Tower Arch Infolinks Media, LP (Infolinks Media Buyco, LLC) Industry Media One2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Neptune Flood Incorporated - Revolver Unfunded Maturity 05/09/2029 Industry Insurance2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% MDI Buyer, Inc. Maturity 7/25/2028 Industry Commodity Chemicals Current Coupon 10.85% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Infinity Home Services Holdco, Inc. Maturity 12/28/2028 Industry Commercial Services & Supplies Current Coupon 12.24% Basis Point Spread Above Index 3M SOFR+6852023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% The Vertex Companies, LLC Maturity 08/30/2027 Industry Construction & Engineering Current Coupon 11.67% Basis Point Spread Above Index 1M SOFR+6352022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name HW Holdco, LLC Maturity 12/10/2024 Industry Media Current Coupon 11.75% Basis Point Spread Above Index SOFR+6402022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Tyto Athene, LLC (Revolver) Maturity 4/1/2026 Industry IT Services Current Coupon 10.99% Basis Point Spread Above Index 1M SOFR+5652023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Research Now Group, LLC and Dynata, LLC Maturity 12/20/2024 Industry Diversified Consumer Services Current Coupon 11.53% Basis Point Spread Above Index SOFR+5762023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% LJ Avalon Holdings, LLC Unfunded Term Loan Maturity 07/31/2024 Industry Construction & Engineering2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Exigo Intermediate II, LLC (Revolver) Maturity 3/15/2027 Industry Software2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% K2 Pure Solutions NoCal, L.P. (Revolver) Maturity 12/20/2023 Industry Chemicals, Plastics and Rubber2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Any Hour Services Maturity 07/21/2027 Industry Energy Equipment and Services Current Coupon 11.00% Basis Point Spread Above Index 3M SOFR+5852023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Arcfield Acquisition Corp. (Revolver) Maturity 08/04/2028 Industry Aerospace and Defense2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name NORA Acquisition, LLC Maturity 8/31/2029 Industry Healthcare Providers and Services Current Coupon 11.70% Basis Point Spread Above Index SOFR+6352023-10-012024-03-310001504619us-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberpflt:FirstLienMemberpflt:ValuationTechniqueMarketComparableMember2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name EDS Buyer, LLC Maturity 1/10/2029 Industry Electronic Equipment, Instruments, and Components Current Coupon 11.56% Basis Point Spread Above Index SOFR+6252024-03-310001504619Investments in Controlled, Affiliated Portfolio Companies—45.1% , Equity Interests—8.3%2023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name MOREGroup Holdings, Inc Maturity 1/16/2030 Industry Business Services Basis Point Spread Above Index SOFR+5902024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Super Senior Preferred Equity, UniTek Global Services, Inc., Industry Telecommunications, Current Coupon 20.00%2023-09-300001504619srt:MinimumMember2023-10-012024-03-310001504619Total Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, ECL Entertainment, LLC, Maturity 08/31/2030, Industry Hotels, Restaurants and Leisure, Current Coupon 10.14%, Basis Point Spread Above Index 3M SOFR+4752022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Go Dawgs Capital III, LP, Industry Building Products2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Simplicity Financial Marketing Group Holdings Inc. - (Revolver) Maturity 12/2/2026 Industry Diversified Financial Services2023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Integrity Marketing Acquisition, LLC (Revolver) Maturity 08/27/2026 Industry Insurance2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 111.8% First Lien Senior Secured Debt - 101.9% Solutionreach, Inc. Maturity 01/17/2024 Industry Healthcare Technology Current Coupon 12.37% Basis Point Spread Above Index 1M SOFR+7002023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% By Light Professional IT Services, LLC (Revolver) Maturity 5/16/2025 Industry High Tech Industries2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Anteriad, LLC (f/k/a MeritDirect, LLC) Maturity 06/30/2026 Industry Media Current Coupon 11.23% Basis Point Spread Above Index 3M SOFR+5752023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Mars Acquisition Holdings Corp. (Revolver) Maturity 05/14/2026 Industry Media2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Cartessa Aesthetics, LLC (Revolver), Maturity 06/14/2028, Industry Distributors 2023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—41.8% Equity Interests2024-03-310001504619pflt:TwoThousandAndThirtyOneAssetBackedDebtMember2023-09-300001504619pflt:TwoThousandTwentyThreeNotesMember2023-10-012024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Schlesinger Global, Inc. Maturity 7/14/2025 Industry Business Services Current Coupon 12.68% (PIK 0.50%) Basis Point Spread Above Index SOFR+7152024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% The Vertex Companies, LLC (Revolver) Maturity 8/30/2027 Industry Construction & Engineering Current Coupon 11.95% Basis Point Spread Above Index 1M SOFR+6102024-03-310001504619Related Party PSSL First Lien Secured Debt - 1,347.5% Issuer Name Connatix Buyer, Inc. Maturity 7/13/2027 Industry Media Current Coupon 11.16% Basis Point Spread Above Index SOFR+5762023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, EDS Buyer, LLC. (Revolver), Maturity 01/10/2029, Electronic Equipment, Instruments, and Components2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Preferred Equity— 1.8%, Imagine Topco, LP, Industry Software, Current Coupon 8.00%2022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, By Light Investco LP, Industry High Tech Industries2023-09-300001504619Investments in Controlled, Affiliated Portfolio Companies—45.1% , First Lien Secured Debt—36.8%2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Hancock Roofing and Construction L.L.C, Maturity 12/31/2026, Industry Insurance, Current Coupon 10.93%, Basis Point Spread Above Index 3M SOFR+5602022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1% First Lien Secured Debt - 101.9% Integrated Data Services (Revolver) Maturity 08/01/2029 Industry Professional Services2022-10-012023-09-300001504619Related Party PSSL First Lien Secured Debt - 1,425.9% Issuer Name Sigma Defense Systems, LLC Maturity 12/18/2027 Industry Aerospace and Defense Current Coupon 12.46% Basis Point Spread Above Index SOFR+7152023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Owl Acquisition, LLC Maturity 2/4/2028 Industry Professional Services Current Coupon 10.68% Basis Point Spread Above Index 3M SOFR+5502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies— 118.1%, Common Equity/Warrants— 14.5%, Class B (US Dominion, Inc.), UniTek Global Services, Inc.(W), Industry Telecommunications2023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%,IG Investments Holdings, LLC , Maturity 09/22/2028, Industry Professional Services, Current Coupon 11.45%, Basis Point Spread Above Index 3M SOFR+6102022-10-012023-09-300001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9%2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—118.1%, First Lien Secured Debt—101.9%, Sales Benchmark Index LLC, Maturity 01/03/2025, Industry Professional Services, Current Coupon 11.59%, Basis Point Spread Above Index 3M SOFR+6202023-12-152023-12-150001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% Common Equity/Warrants— 16.8% Lucky Bucks, LLC Industry Hotels, Restaurants and Leisure2024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Smile Brands Inc. Maturity 10/14/2025 Industry Healthcare and Pharmaceuticals Current Coupon 9.91% Basis Point Spread Above Index 1M SOFR+4502023-10-012024-03-310001504619Investments in Non-Controlled, Non-Affiliated Portfolio Companies—163.3% First Lien Senior Secured Debt - 144.9% Hancock Roofing and Construction L.L.C. (Revolver) Maturity 12/31/2026 Industry Insurance2023-10-012024-03-310001504619