NPORT-P
false
0002026098
XXXXXXXX
Gladstone Alternative Income Fund
811-23983
0002026098
5299008TNQEFDPVB0997
1521 Westbranch Dr Suite 100
McLean
22102
7032875800
Gladstone Alternative Income Fund
5299008TNQEFDPVB0997
2025-03-31
2025-03-31
N
29628246.92
9500420.69
20127826.23
0.00000000
0.00000000
9000000.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
USD
N
N/A
N/A
Dutch Gold Honey Ingredients, LLC (Class A Units)
N/A
100000.00000000
NS
USD
100000.00000000
0.496824638971
Long
EC
CORP
US
N
3
N
N
N
Msilf Government Portfolio
549300BI6Y5SI6BYPB26
Morgan Stanley Institutional Liquidity Government Fund
61747C707
5747383.10000000
NS
USD
5747383.10000000
28.55441533688
Long
STIV
RF
US
N
1
N
N
N
N/A
N/A
GP Defense Investments LLC (Class B Units)
N/A
1038.53400000
NS
USD
1038534.00000000
5.159692796095
Long
EC
CORP
US
N
3
N
N
N
Treasury Bill
254900HROIFWPRGM1V77
United States Treasury Bill
912797NT0
10000000.00000000
PA
USD
9996633.33000000
49.66573745107
Long
DBT
UST
US
N
2
2025-04-01
None
0.00000000
N
N
N
N
N
N
N/A
N/A
Ricardo Defense, Inc. (Secured First Lien Debt)
N/A
3661466.00000000
PA
USD
3661466.00000000
18.19106523556
Long
LON
CORP
US
N
3
2029-12-31
Floating
13.33700000
N
N
N
N
N
N
N/A
N/A
REVERSE REPO
RP797NT05
-9000000.00000000
NS
USD
-9000000.00000000
-44.7142175074
Short
RA
CORP
US
N
2
Reverse repurchase
N
5.21000000
2025-04-01
-9000000.00000000
USD
9996633.33000000
USD
PLCMO
N
N
N
N/A
N/A
Dutch Gold Honey, Inc. (Secured Second Lien Debt)
N/A
2000000.00000000
PA
USD
2000000.00000000
9.936492779429
Long
LON
CORP
US
N
3
2030-08-04
Floating
11.80860000
N
N
N
N
N
N
N/A
N/A
Viron International Buyer, LLC (Secured First Lien Debt)
N/A
2150000.00000000
PA
USD
2150000.00000000
10.68172973788
Long
LON
CORP
US
N
3
2030-02-07
Floating
11.31520000
N
N
N
N
N
N
N/A
N/A
Nielsen-Kellerman Co. (Secured First Lien Debt)
N/A
1368858.13000000
PA
USD
1368858.13000000
6.800824462403
Long
LON
CORP
US
N
3
2029-12-31
Floating
13.05260000
N
N
N
N
N
N
N/A
N/A
Nielsen-Kellerman Acquisition Corp. (Preferred B Stock)
N/A
628.13300000
NS
USD
628133.00000000
3.120719509510
Long
EP
CORP
US
N
3
N
N
N
N/A
N/A
Vet's Choice Radiology LLC (Secured First Lien Debt)
N/A
2250000.00000000
PA
USD
2250000.00000000
11.17855437685
Long
LON
CORP
US
N
3
2027-12-17
Floating
11.37520000
N
N
N
N
N
N
N/A
N/A
Viron International, LLC (Common Stock)
N/A
1717.00000000
NS
USD
1717.00000000
0.008530479051
Long
EC
CORP
US
N
3
N
N
N
N/A
N/A
Nielsen-Kellerman Acquisition Corp. (Preferred A Stock)
N/A
3.00890000
NS
USD
3008.90000000
0.014948956562
Long
EP
CORP
US
N
3
N
N
N
N/A
N/A
Nielsen-Kellerman Acquisition Corp. (Line of Credit)
N/A
30449.83000000
PA
USD
30449.83000000
0.151282257964
Long
LON
CORP
US
N
3
2025-12-31
Floating
9.55270000
N
N
N
N
N
N
2025-04-30
Gladstone Alternative Income Fund
Michael J. Malesardi
Michael J. Malesardi
Chief Financial Officer and Treasurer