Private Credit Portfolio Analysis | Prospect Floating Rate & Alternative Income Fund Reports Q3 2025 Results
- Editor
- May 12
- 2 min read
Whats New:
Prospect Floating Rate & Alternative Income Fund reported its Q3 2025 financial results, showing significant growth in assets compared to the previous quarter. The fund's total assets increased to $105.52 million as of March 31, 2025, up from $76.70 million at the end of June 2024.
Portfolio Dynamics:
Total assets grew to $105.52 million as of March 31, 2025, compared to $76.70 million at the end of June 2024.
Investments owned at fair value increased to $83.66 million, up from $59.46 million at the end of June 2024.
Cash and cash equivalents rose to $20.31 million from $15.41 million at the end of June 2024.
Investment Activity:
Receivable for repayments of portfolio investments increased to $87,022 from $5,141 at the end of June 2024.
Interest receivable grew to $644,718 from $365,038 at the end of June 2024.
Deferred offering costs decreased to $189,380 from $457,656 at the end of June 2024.
Capital Structure:
Line of credit increased to $47.80 million from $27.80 million at the end of June 2024.
Stockholders' equity grew to $39.87 million from $31.26 million at the end of June 2024.
The fund issued additional common stock, with the value increasing to $8,914 from $6,662 at the end of June 2024.
Performance Profile:
Additional paid-in capital increased to $54.04 million from $43.90 million at the end of June 2024.
Retained earnings deficit grew to $14.17 million from $12.64 million at the end of June 2024.
Net assets increased to $39.87 million from $31.26 million at the end of June 2024.
Risk & Quality:
Accounts payable and other liabilities decreased slightly to $14.98 million from $15.07 million at the end of June 2024.
Other liabilities increased to $2.21 million from $1.77 million at the end of June 2024.
Distribution payable rose to $266,680 from $181,454 at the end of June 2024.
The Wrap:
Prospect Floating Rate & Alternative Income Fund demonstrated strong growth in Q3 2025, with significant increases in total assets, investments at fair value, and stockholders' equity. The fund's cash position also improved, reflecting positive performance. However, the increase in line of credit and growth in retained earnings deficit suggests higher costs associated with the fund's expanded operations and investment activities.
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