BDC·info
FDUS

Fidus Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$928.51M
176 holdings
Avg Spread
+7.26%
FV-weighted, debt
Avg Coupon
FV-weighted
% First Lien
54.0%
of debt FV
Unrealized P/L
+$19.27M
+2.12% of cost
Non-Accrual
5
text-detected

Balance sheet

Assets$1.02B
Liabilities + Equity$1.02B
First Lien
$500.53M · 48.9%
Second Lien
$154.49M · 15.1%
Subordinated
$118.39M · 11.6%
Equity
$128.59M · 12.6%
Debt (Borrowings)
$454.32M · 44.4%
Net Assets (Equity)
$548.63M · 53.6%

Industry Composition

Information Technology Services
26.8%
Business Services
13.2%
Component Manufacturing
7.9%
Healthcare Products
7.3%
Aerospace & Defense Manufacturing
5.7%
Transportation services
5.3%
Utilities: Services
4.4%
Building Products Manufacturing
4.4%
Retail
3.7%
Health Products
3.6%
Specialty Distribution
3.6%
Healthcare Services
3.0%
Other industries
11.1%

Fair Value History

Q2 '23
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
Q3 '25
Q4 '25

Spread Distribution

4.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.5%
10.0%
11.0%
12.0%
13.0%
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
176 of 231
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
Pfanstiehl Inc
Health Products
Common Equity
$33.77M
$255.0K
$33.52M
Worldwide Express Operations, LLC
Transportation services
Second Lien Debt
$27.14M
$26.52M
$619.0K
+7.00%
MBS Opco, LLC (dba Marketron)
Information Technology Services
First Lien Debt
$26.32M
$26.90M
-$578.0K
+8.50%
Diversified Search LLC
Business Services
First Lien Debt
$24.16M
$24.07M
$82.0K
Dataguise, Inc.
Information Technology Services
Subordinated Debt
$21.78M
$21.73M
$43.0K
Road Safety Services, Inc.
Business Services
Second Lien Debt
$21.22M
$21.17M
$47.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
First Lien Debt
$20.74M
$20.99M
-$254.0K
+6.50%
Aeronix Inc
Aerospace & Defense Manufacturing
First Lien Debt
$20.70M
$20.61M
$93.0K
+6.25%
BP Thrift Buyer, LLC (dba myUnique and Ecothrift)
Retail
First Lien Debt
$20.00M
$19.63M
$366.0K
+5.75%
Hub Acquisition Sub, LLC (dba Hub Pen)
Promotional products
Second Lien Debt
$19.81M
$19.81M
$0.00
Tedia Company, LLC
Healthcare Products
Per common share data:
$19.57M
$19.32M
$248.0K
Applied Data Corporation Information Technology Services
First Lien Debt
$19.00M
$18.94M
$66.0K
+6.25%
BCM One Group Holdings, Inc.
Information Technology Services
Subordinated Debt
$18.10M
$18.19M
-$90.0K
Detechtion Holdings, LLC
Information Technology Services
First Lien Debt
$17.50M
$17.50M
$0.00
QED Technologies International, Inc.
Component Manufacturing
First Lien Debt
$17.35M
$17.23M
$116.0K
+6.00%
NWS Technologies, LLC
Utilities: Services
First Lien Debt
$16.76M
$16.76M
$0.00
+8.00%
Netbase Solutions, Inc. (dba Netbase Quid)
Information Technology Services
First Lien Debt
$16.71M
$16.64M
$66.0K
+4.00%
Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.)
Component Manufacturing
First Lien Debt
$16.39M
$16.29M
$94.0K
+5.50%
Quest Software US Holdings Inc.
Information Technology Services
Second Lien Debt
$15.98M
$19.43M
-$3.44M
+7.50%
Tedia Company, LLC. Healthcare Products
Healthcare Products
First Lien Debt
$15.60M
$15.54M
$61.0K
+7.75%
APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.)
Building Products Manufacturing
First Lien Debt
$15.00M
$14.91M
$92.0K
+7.00%
LifeSpan Biosciences, Inc.
Healthcare Products
Subordinated Debt
$14.98M
$15.96M
-$976.0K
Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.)
Aerospace & Defense Manufacturing
First Lien Debt
$14.49M
$14.95M
-$456.0K
+5.50%
Fishbowl Solutions, LLC
Information Technology Services
First Lien Debt
$14.26M
$14.19M
$75.0K
CIH Intermediate, LLC
Business Services
Subordinated Debt
$13.86M
$13.76M
$100.0K
Dealerbuilt Acquisition, LLC
Information Technology Services
First Lien Debt
$12.97M
$12.97M
$0.00
Pinnergy, Ltd.
Oil & Gas Services
Subordinated
$12.85M
$12.79M
$56.0K
US Fertility Enterprises, LLC
Healthcare Services
Subordinated Debt
$12.80M
$12.80M
$0.00
ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.)
Business Services
First Lien Debt
$12.53M
$12.59M
-$66.0K
+7.50%
Tiger Calcium Services Inc.
Transportation services
Second Lien Debt
$12.50M
$12.46M
$43.0K
Green Cubes Technology, LLC (dba Green Cubes)
Information Technology Services
First Lien Debt
$12.00M
$11.97M
$30.0K
+13.00%
ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.)
Business Services
First Lien Debt
$11.83M
$11.78M
$53.0K
+7.50%
MDME Holding Corp.
Healthcare Products
First Lien Debt
$11.83M
$11.83M
$0.00
+6.00%
Cardback Intermediate, LLC (dba Chargeback Gurus)
Information Technology Services
First Lien Debt
$11.77M
$11.72M
$44.0K
2KDirect, Inc. (dba iPromote)
Information Technology Services
First Lien Debt
$10.87M
$10.99M
-$124.0K
+7.25%
GP&C Operations, LLC (dba Garlock Printing and Converting)
Component Manufacturing
First Lien Debt
$10.84M
$10.56M
$279.0K
OnePath Systems, LLC
Information Technology Services
First Lien Debt
$10.84M
$10.93M
-$98.0K
+7.50%
PowerGrid Services Acquisition, LLC
Utilities: Services
Second Lien Debt
$10.83M
$10.79M
$40.0K
+9.50%
Puget Collision, LLC
Retail
First Lien Debt
$10.49M
$10.49M
$0.00
+9.50%
Power Grid Components, Inc.
Specialty Distribution
Second Lien Debt
$10.27M
$10.24M
$33.0K
USG AS Holdings, LLC
Utilities: Services
First Lien Debt
$10.00M
$9.91M
$88.0K
+8.50%
Allredi, LLC (fka Marco Group International OpCo, LLC)
Industrial Cleaning & Coatings
Second Lien Debt
$9.66M
$11.20M
-$1.53M
Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC)
Building Products Manufacturing
Subordinated Debt
$9.60M
$9.60M
$0.00
Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC)
Information Technology Services
First Lien Debt
$8.50M
$8.47M
$33.0K
Wonderware Holdings, LLC (dba CORE Business Technologies)
Information Technology Services
First Lien Debt
$8.32M
$8.29M
$28.0K
+7.25%
Power Grid Components, Inc.
Specialty Distribution
Common Equity
$8.19M
$462.0K
$7.73M
Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC)
Building Products Manufacturing
Common Equity
$8.12M
$7.11M
$1.01M
CTM Group, Inc.
Business Services
First Lien Debt
$7.96M
$7.83M
$135.0K
Aldinger Company
Business Services
First Lien Debt
$7.76M
$7.76M
$0.00
+6.50%
AmeriWater, LLC
Component Manufacturing
First Lien Debt
$7.64M
$7.60M
$36.0K
+6.25%
Auto CRM LLC (dba Dealer Holdings)
Information Technology Services
First Lien Debt
$7.63M
$7.58M
$45.0K
+5.50%
Winona Foods, Inc.
Specialty Distribution
First Lien Debt
$7.24M
$7.21M
$26.0K
+12.00%
R1 Holdings, LLC (dba RoadOne IntermodaLogistics)
Transportation services
First Lien Debt
$6.23M
$6.04M
$188.0K
+6.25%
Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC)
Building Products Manufacturing
Common Equity
$6.09M
$5.69M
$398.0K
Education Incites, LLC (dba Acceleration Academies)
Business Services
Second Lien Debt
$6.00M
$5.97M
$25.0K
Prime AE Group, Inc.
Business Services
First Lien Debt
$5.83M
$5.79M
$44.0K
+7.25%
Virtex Enterprises, LP
Component Manufacturing
Second Lien Debt
$5.77M
$10.91M
-$5.13M
+9.75%
Magenta Buyer LLC (dba Trellix)
Information Technology Services
Second Lien Debt
$5.67M
$6.85M
-$1.18M
+8.25%
Haematologic Technologies, Inc
Healthcare Services
First Lien Debt
$5.38M
$5.38M
$9.0K
+8.25%
Winona Foods, Inc.
Specialty Distribution
First Lien Debt
$5.18M
$5.11M
$72.0K
+11.00%
Dealerbuilt Acquisition, LLC
Information Technology Services
Subordinated Debt
$5.05M
$5.05M
$0.00
Suited Connector LLC
Information Technology Services
Second Lien Debt
$5.03M
$15.93M
-$10.91M
Steward Holding LLC (dba Steward Advanced Materials)
Aerospace & Defense Manufacturing
Common Equity
$4.87M
$1.00M
$3.87M
Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.)
Component Manufacturing
Common Equity
$4.76M
$1.44M
$3.33M
Level Education Group, LLC (dba CE4Les Business Services
First Lien Debt
$4.69M
$4.67M
$21.0K
+5.75%
Zonkd, LLC
Component Manufacturing
First Lien Debt
$4.44M
$4.29M
$148.0K
+10.00%
Pool & Electrical Products, LLC
Oil & Gas Services
Common Equity
$4.30M
$549.0K
$3.75M
Combined Systems, Inc.
Aerospace & Defense Manufacturing
First Lien Debt
$3.90M
$3.85M
$50.0K
Combined Systems, Inc
Aerospace & Defense Manufacturing
Revolving Loan
$3.84M
$3.83M
$7.0K
Hallmark Health Care Solutions, Inc.
Healthcare Services
Common Equity
$3.65M
$3.65M
-$1.0K
Medsurant Holding LLC
Healthcare Services
Warrant
$3.58M
$2.26M
$1.32M
2KDirect, Inc. (dba iPromote)
Information Technology Services
First Lien Debt
$3.40M
$3.40M
$0.00
+7.25%
Sonicwall US Holdings, Inc.
Information Technology Services
Second Lien Debt
$3.37M
$3.37M
-$2.0K
+7.50%
Tedia Company, LLC. Healthcare Products
Healthcare Products
Subordinated Debt
$3.26M
$2.79M
$470.0K
Gurobi Optimization, LLC
Information Technology Services
Common Equity
$3.08M
$605.0K
$2.48M
Road Safety Services, Inc.
Business Services
Common Equity
$2.66M
$1.12M
$1.53M
AmeriWater, LLC
Component Manufacturing
First Lien Debt
$2.18M
Detechtion Holdings, LLC
Information Technology Services
Subordinated Debt
$2.07M
$2.07M
$0.00
CTM Group, Inc.
Business Services
Subordinated Debt
$2.02M
$2.00M
$22.0K
UBEO, LLC. Business Services
Common Equity
$1.94M
$655.0K
$1.28M
BP Thrift Buyer, LLC (dba myUnique and Ecothrift)
Retail
First Lien Debt
$1.93M
$1.93M
$0.00
+5.75%
QED Technologies International, Inc.
Component Manufacturing
Common Equity
$1.63M
$1.40M
$223.0K
Healthfuse, LLC
Healthcare Services
Preferred Equity
$1.59M
$749.0K
$838.0K
APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.)
Building Products Manufacturing
Common Equity
$1.58M
$1.20M
$383.0K
Aeronix Inc
Aerospace & Defense Manufacturing
Common Equity
$1.51M
$593.0K
$917.0K
K2 Merger Agreement Agent, LLC (fka K2 Industrial Services, Inc.)
Industrial Cleaning & Coatings
Second Lien Debt
$1.51M
$2.37M
-$860.0K
Elements Brands, LLC
Consumer Products
Revolving Loan
$1.50M
$1.50M
$5.0K
Comply365, LLC
Aerospace & Defense Manufacturing
Common Equity
$1.50M
$707.0K
$788.0K
Applied Data Corporation Information Technology Services
Preferred Equity
$1.44M
$1.19M
$250.0K
AOM Intermediate Holdco, LLC (dbaAllOver Media)
Information Technology Services
Common Equity
$1.43M
$1.37M
$53.0K
Level Education Group, LLC (dba CE4Less)
Business Services
Common Equity
$1.41M
$1.00M
$406.0K
Virginia Tile Company, LLC
Specialty Distribution
Common Equity
$1.40M
$181.0K
$1.22M
R1 Holdings, LLC (dba RoadOne IntermodaLogistics)
Transportation services
Subordinated Debt
$1.39M
$1.34M
$41.0K
BP Thrift Buyer, LLC (dba myUnique and Ecothrift)
Retail
Common Equity
$1.36M
$960.0K
$400.0K
USG AS Holdings, LLC
Utilities: Services
Common Equity
$1.33M
$1.00M
$331.0K
Hub Acquisition Sub, LLC (dba Hub Pen)
Promotional products
Common Equity
$1.32M
$390.0K
$927.0K
Elements Brands, LLC
Consumer Products
First Lien Debt
$1.27M
$1.26M
$10.0K
MDME Holding Corp.
Healthcare Products
Preferred Equity
$1.25M
$1.25M
$0.00
CIH Intermediate, LLC
Business Services
Common Equity
$1.23M
$400.0K
$833.0K
NWS Technologies, LLC
Utilities: Services
Common Equity
$1.13M
$1.13M
$0.00
Medsurant Holding LLC
Healthcare Services
Preferred Equity
$1.02M
$644.0K
$377.0K
Dealerbuilt Acquisition, LLC
Information Technology Services
Preferred Equity
$1.00M
$1.00M
$0.00
Ameriwater LLC
Component Manufacturing
Common Equity
$980.0K
$1.00M
-$20.0K
Dataguise, Inc.
Information Technology Services
Common Equity
$970.0K
$1.50M
-$530.0K
CIH Intermediate, LLC
Business Services
Preferred Equity
$903.0K
$400.0K
$503.0K
Applied Data Corporation Information Technology Services
Common Equity
$885.0K
$66.0K
$819.0K
Worldwide Express Operations, LLC
Transportation services
Common Equity
$849.0K
$795.0K
$54.0K
PowerGrid Services Acquisition, LLC
Utilities: Services
Common Equity
$843.0K
$534.0K
$309.0K
Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC)
Information Technology Services
Preferred Equity
$750.0K
$500.0K
$250.0K
Tedia Company, LLC. Healthcare Products
Healthcare Products
Preferred Equity
$702.0K
$1.00M
-$298.0K
Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.)
Aerospace & Defense Manufacturing
Common Equity
$686.0K
$686.0K
$0.00
Aldinger Company
Business Services
Preferred Equity
$680.0K
$680.0K
$0.00
Power Grid Components, Inc.
Specialty Distribution
Preferred Equity
$674.0K
$392.0K
$282.0K
OnePath Systems, LLC
Information Technology Services
Common Equity
$663.0K
$500.0K
$163.0K
Worldwide Express Operations, LLC
Transportation services
Common Equity
$659.0K
$225.0K
$434.0K
Auto CRM LLC (dba Dealer Holdings)
Information Technology Services
Subordinated Debt
$652.0K
$649.0K
$3.0K
Zonkd, LLC
Component Manufacturing
Common Equity
$632.0K
$154.0K
$478.0K
Road Safety Services, Inc.
Business Services
Common Equity
$602.0K
$430.0K
$172.0K
CTM Group, Inc.
Business Services
Common Equity
$530.0K
$400.0K
$130.0K
ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.)
Business Services
Common Equity
$523.0K
$500.0K
$23.0K
Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.)
Aerospace & Defense Manufacturing
Common Equity
$511.0K
$472.0K
$39.0K
LifeSpan Biosciences, Inc.
Healthcare Products
Common Equity
$508.0K
$1.00M
-$492.0K
Detechtion Holdings, LLC
Information Technology Services
Common Equity
$500.0K
$500.0K
$0.00
Combined Systems, Inc.
Aerospace & Defense Manufacturing
First Lien Debt
$493.0K
$489.0K
$4.0K
Acendre Midco Inc
Information Technology Services
Common Equity
$474.0K
$371.0K
$103.0K
2KDirect Inc (dba iPromote)
Information Technology Services
Common Equity
$453.0K
$1.00M
-$547.0K
Diversified Search LLC
Business Services
Common Equity
$436.0K
$552.0K
-$116.0K
Bedford Precision Parts LLC
Specialty
Common Equity
$433.0K
$484.0K
-$51.0K
Spectra A&D Acquisition Inc (fka FDS Avionics Corp)
Aerospace & Defense Manufacturing
Common Equity
$422.0K
$1.20M
-$782.0K
Auto CRM LLC (dba Dealer Holdings)
Information Technology Services
Common Equity
$409.0K
$500.0K
-$91.0K
NWS Technologies, LLC
Utilities: Services
Preferred Equity
$375.0K
$375.0K
$0.00
R1 Holdings, LLC (dba RoadOne IntermodaLogistics)
Transportation services
Common Equity
$375.0K
$280.0K
$95.0K
Palmetto Moon, LLC
Retail
Common Equity
$324.0K
$265.0K
$59.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
First Lien Debt
$318.0K
$330.0K
-$12.0K
+4.00%
GP&C Operations, LLC (dba Garlock Printing and Converting)
Component Manufacturing
Common Equity
$292.0K
$516.0K
-$224.0K
Hub Acquisition Sub, LLC (dba Hub Pen)
Promotional products
Preferred Equity
$285.0K
$154.0K
$131.0K
Cardback Intermediate, LLC (dba Chargeback Gurus)
Information Technology Services
Preferred Equity
$258.0K
$125.0K
$133.0K
BurgerFi International, LLC (dba BurgerFi)
Restaurants
Preferred Equity
$245.0K
$49.0K
$196.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
Preferred Equity
$230.0K
$500.0K
-$270.0K
Prime AE Group, Inc.
Business Services
Preferred Equity
$223.0K
$900.0K
-$677.0K
Global Plasma Solutions, Inc.
Component Manufacturing Services
First Lien Debt
$200.0K
$200.0K
$0.00
Virtex Enterprises, LP
Component Manufacturing
Subordinated Debt
$188.0K
$357.0K
-$169.0K
+4.00%
CRS Solutions Holdings, LLC (dba CRS Texas)
Business Services
Common Equity
$180.0K
$272.0K
-$92.0K
Hub Acquisition Sub, LLC (dba Hub Pen)
Promotional products
Common Equity
$144.0K
$102.0K
$42.0K
Acendre Midco Inc
Information Technology Services
Preferred Equity
$143.0K
$88.0K
$55.0K
Haematologic Technologies, Inc.
Healthcare Services
Common Equity
$136.0K
$630.0K
-$494.0K
Allredi LLC (fka Macro Group International OpCo. LLC)
Industrial Cleaning & Coatings
Common Equity
$102.0K
$637.0K
-$535.0K
NGT Acquisition Holdings, LLC (dba Techniks Industries)
Component Manufacturing
Common Equity
$96.0K
$500.0K
-$404.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
Preferred Equity
$95.0K
$250.0K
-$155.0K
Haematologic Technologies, Inc.
Healthcare Services
Common Equity
$89.0K
$89.0K
$0.00
Power Grid Components, Inc.
Specialty Distribution
Preferred Equity
$83.0K
$48.0K
$35.0K
Allredi LLC (fka Macro Group International OpCo. LLC)
Industrial Cleaning & Coatings
Common Equity
$82.0K
$45.0K
$37.0K
IBH Holdings, LLC (fka Inflexxion, Inc.)
Business Services
Common Equity
$73.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
Preferred Equity
$65.0K
$171.0K
-$106.0K
Global Plasma Solutions, Inc.
Component Manufacturing
Common Equity
$53.0K
$52.0K
$1.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
Preferred Equity
$34.0K
$97.0K
-$63.0K
Allredi LLC (fka Macro Group International OpCo. LLC)
Industrial Cleaning & Coatings
Common Equity
$33.0K
$22.0K
$11.0K
BurgerFi International, LLC (dba BurgerFi)
Restaurants
Common Equity
$22.0K
$521.0K
-$499.0K
Acendre Midco Inc
Information Technology Services
First Lien Debt
$0.00
$12.40M
-$12.40M
Acendre Midco Inc
Information Technology Services
Warrant
$0.00
$129.0K
-$129.0K
AmeriWater, LLC
Component Manufacturing
Subordinated Debt
$0.00
$2.17M
-$2.17M
Cardback Intermediate, LLC (dba Chargeback Gurus)
Information Technology Services
Common Equity
$0.00
$125.0K
-$125.0K
Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.)
Aerospace & Defense Manufacturing
Common Equity
$0.00
$2.61M
-$2.61M
Suited Connector LLC
Information Technology Services
Common Equity
$0.00
$836.0K
-$836.0K
Tedia Company, LLC. Healthcare Products
Healthcare Products
Revolving Loan
$0.00
$15.0K
-$15.0K
The Kyjen Company, LLC (dba Outward Hound)
Consumer Products
Common Equity
$0.00
$933.0K
-$933.0K
US GreenFiber LLC
Building Products Manufacturing
Second Lien Debt
$0.00
$5.22M
-$5.22M
US GreenFiber LLC
Building Products Manufacturing
Common Equity
$0.00
$585.0K
-$585.0K
US GreenFiber LLC
Building Products Manufacturing
Common Equity
$0.00
$1.0K
-$1.0K
US GreenFiber LLC
Building Products Manufacturing
Common Equity
$0.00
$1.02M
-$1.02M
United Biologics, LLC. Healthcare Services
Preferred Equity
$0.00
$1.01M
-$1.01M
United Biologics, LLC. Healthcare Services
Warrant
$0.00
$565.0K
-$565.0K
Aldinger Company
Business Services
Common Equity
Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC)
Building Products Manufacturing
Common Equity
Dealerbuilt Acquisition, LLC
Information Technology Services
Common Equity
Non-controNon-control/Non-affiliate Investments Acendre Midco Inc
Information Technology Services First Lien Debt Variable Index Spread (S +7.75%) Variable Index Floor (0.50%) Rate Cash 13.26% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/2026 Principal Amount 12 #438
+7.75%
Disclosed holdings FV
$926.86M
Parsed holdings FV
$928.51M
Residual gap
-$1.66M
Balance-sheet cash
$80.34M
CIK
0001513363
Accession
0000950170-23-058180
Form type
10-Q
Period
2023-09-30