BDC·info
FDUS

Fidus Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$938.86M
164 holdings
Avg Spread
+7.25%
FV-weighted, debt
Avg Coupon
FV-weighted
% First Lien
54.5%
of debt FV
Unrealized P/L
+$32.88M
+3.63% of cost
Non-Accrual
4
text-detected

Balance sheet

Assets$982.41M
Liabilities + Equity$982.41M
First Lien
$505.78M · 51.5%
Second Lien
$159.94M · 16.3%
Subordinated
$121.00M · 12.3%
Equity
$114.05M · 11.6%
Debt (Borrowings)
$478.55M · 48.7%
Net Assets (Equity)
$483.35M · 49.2%

Industry Composition

Information Technology Services
25.3%
Unclassified
15.4%
Business Services
9.8%
Aerospace & Defense Manufacturing
5.3%
Health Products
5.0%
Industry Transportation services
4.4%
Building Products Manufacturing
4.2%
Component Manufacturing
3.7%
Retail
2.5%
Real
2.4%
Environmental Industries
2.3%
Healthcare Services
2.3%
Other industries
17.3%

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%
12.0%
13.0%
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
164 of 215
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
Pfanstiehl Inc
Health Products
Common Equity
$37.19M
$255.0K
$36.93M
MBS Opco, LLC (dba Marketron)
Information Technology Services
First Lien Debt
$27.00M
$26.89M
$110.0K
+8.50%
Worldwide Express Operations, LLC
Industry Transportation services
Second Lien Debt
$26.81M
$26.48M
$330.0K
+7.00%
Diversified Search LLC
Business Services
First Lien Debt
$24.16M
$24.06M
$93.0K
BP Thrift Buyer, LLC (dba myUnique and Ecothrift)
Real
Per common share data:
$22.91M
$22.58M
$323.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
First Lien Debt
$21.18M
$20.97M
$210.0K
+6.50%
Dataguise, Inc.
Information Technology Services
Subordinated Debt
$21.02M
$20.98M
$45.0K
Road Safety Services, Inc.
Second Lien Debt
$20.73M
$21.03M
-$300.0K
BP Thrift Buyer, LLC (dba myUnique and Ecothrift)
Retail
First Lien Debt
$20.00M
$19.61M
$390.0K
+5.75%
Hub Acquisition Sub, LLC (dba Hub Pen)
Promotional products
Second Lien Debt
$19.75M
$19.75M
$0.00
Ipro Tech, LLC
Information Technology Services
First Lien Debt
$19.61M
$19.05M
$559.0K
+7.00%
Applied Data Corporation Information Technology Services
First Lien Debt
$19.00M
$18.93M
$73.0K
+6.25%
BCM One Group Holdings, Inc.
Information Technology Services
Subordinated Debt
$18.33M
$18.19M
$145.0K
Detechtion Holdings, LLC
Information Technology Services
First Lien Debt
$17.41M
$17.41M
$0.00
Aeronix Inc
Aerospace & Defense Manufacturing
First Lien Debt
$17.25M
$17.18M
$74.0K
+5.88%
QED Technologies International, Inc.
First Lien Debt
$17.23M
$17.23M
$0.00
+6.00%
NWS Technologies, LLC
Utilities: Services
First Lien Debt
$16.75M
$16.75M
$0.00
+8.00%
Netbase Solutions, Inc. (dba Netbase Quid)
Information Technology Services
First Lien Debt
$16.71M
$16.63M
$74.0K
+4.00%
Quest Software US Holdings Inc.
Second Lien Debt
$15.77M
$19.40M
-$3.63M
Tedia Company, LLC. Industry Healthcare Products
First Lien Debt
$15.60M
$15.54M
$64.0K
Power Grid Components, Inc.
Specialty Distribution
Second Lien Debt
$15.27M
$15.23M
$38.0K
APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.)
Building Products Manufacturing
First Lien Debt
$15.00M
$14.90M
$98.0K
+7.00%
LifeSpan Biosciences, Inc.
Healthcare Products
Subordinated Debt
$14.97M
$15.95M
-$981.0K
Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.)
Aerospace & Defense Manufacturing
First Lien Debt
$14.92M
$14.94M
-$23.0K
+5.50%
Fishbowl Solutions, LLC
Information Technology Services
First Lien Debt
$14.17M
$14.27M
-$102.0K
CIH Intermediate, LLC
Business Services
Subordinated Debt
$13.82M
$13.71M
$105.0K
Pinnergy, Ltd.
Oil & Gas Services
Subordinated
$13.00M
$12.94M
$60.0K
ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.)
Business Services
First Lien Debt
$12.78M
$12.78M
$0.00
+7.50%
Tiger Calcium Services Inc.
Industry Transportation services
Second Lien Debt
$12.50M
$12.45M
$49.0K
Acendre Midco Inc
Information Technology Services
First Lien Debt
$12.45M
$12.41M
$44.0K
+7.75%
US Fertility Enterprises, LLC
Industry Healthcare Services
Subordinated Debt
$12.34M
$12.34M
$0.00
Green Cubes Technology, LLC (dba Green Cubes)
Information Technology Services
First Lien Debt
$12.00M
$11.96M
$36.0K
+13.00%
ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.)
Business Services
First Lien Debt
$11.99M
$11.93M
$58.0K
+7.50%
Cardback Intermediate, LLC (dba Chargeback Gurus)
Information Technology Services
First Lien Debt
$11.80M
$11.76M
$48.0K
Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.)
Component Manufacturing
First Lien Debt
$11.22M
$11.16M
$61.0K
+5.50%
OnePath Systems, LLC
Information Technology Services
First Lien Debt
$11.00M
$10.93M
$70.0K
+7.50%
PowerGrid Services Acquisition, LLC
Second Lien Debt
$10.83M
$10.79M
$41.0K
+9.50%
2KDirect, Inc. (dba iPromote)
Information Technology Services
First Lien Debt
$10.72M
$11.14M
-$420.0K
+7.25%
GP&C Operations, LLC (dba Garlock Printing and Converting)
Component Manufacturing
First Lien Debt
$10.63M
$10.55M
$85.0K
AOM Intermediate Holdco, LLC (dba AllOver Media)
Information Technology Services
First Lien Debt
$10.00M
$9.95M
$54.0K
+6.50%
Pfanstiehl Inc
Health Products
Subordinated Debt
$10.00M
$9.96M
$41.0K
USG AS Holdings, LLC
Industry Utilities: Services
First Lien Debt
$9.91M
$9.91M
$0.00
+8.50%
Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC)
Building Products Manufacturing
Subordinated Debt
$9.60M
$9.60M
$0.00
Allredi, LLC (fka Marco Group International OpCo, LLC)
Industrial Cleaning & Coatings
Second Lien Debt
$9.20M
$10.73M
-$1.53M
Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC)
Information Technology Services
First Lien Debt
$8.50M
$8.46M
$36.0K
Wonderware Holdings, LLC (dba CORE Business Technologies)
Industry Information Technology Services
First Lien Debt
$8.32M
$8.29M
$31.0K
+7.25%
Hallmark Health Care Solutions, Inc.
Healthcare Services
First Lien Debt
$8.30M
$8.27M
$31.0K
+7.25%
Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC)
Building Products Manufacturing
Common Equity
$7.96M
$7.11M
$849.0K
CTM Group, Inc.
Business Services
First Lien Debt
$7.83M
$7.83M
$0.00
Aldinger Company
Business Services
First Lien Debt
$7.76M
$7.76M
$0.00
+6.50%
AmeriWater, LLC
Component Manufacturing
First Lien Debt
$7.68M
$7.64M
$39.0K
+6.25%
Auto CRM LLC (dba Dealer Holdings)
Information Technology Services
First Lien Debt
$7.61M
$7.57M
$49.0K
+5.50%
Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC)
Building Products Manufacturing
Common Equity
$7.04M
$5.69M
$1.35M
Winona Foods, Inc.
Industry Specialty Distribution
First Lien Debt
$7.00M
$6.97M
$29.0K
+13.00%
Virtex Enterprises, LP
Industry Component Manufacturing
Second Lien Debt
$6.29M
$10.91M
-$4.61M
+9.75%
R1 Holdings, LLC (dba RoadOne IntermodaLogistics)
First Lien Debt
$6.24M
$6.05M
$197.0K
+6.25%
Education Incites, LLC (dba Acceleration Academies)
Business Services
Second Lien Debt
$6.00M
$5.97M
$26.0K
Suited Connector LLC
Second Lien Debt
$5.99M
$15.93M
-$9.95M
Prime AE Group, Inc.
First Lien Debt
$5.83M
$5.78M
$54.0K
+6.75%
Magenta Buyer LLC (dba Trellix)
Information Technology Services
Second Lien Debt
$5.67M
$6.84M
-$1.17M
+8.25%
Steward Holding LLC (dba Steward Advanced Materials)
Aerospace & Defense Manufacturing
Common Equity
$5.44M
$1.00M
$4.44M
Haematologic Technologies, Inc
Healthcare Services
First Lien Debt
$5.38M
$5.37M
$11.0K
+8.25%
Puget Collision, LLC
First Lien Debt
$5.08M
$5.08M
$0.00
+9.50%
Zonkd, LLC
Industry Component Manufacturing
First Lien Debt
$4.97M
$4.83M
$144.0K
+10.00%
Level Education Group, LLC (dba CE4Les Business Services
First Lien Debt
$4.76M
$4.74M
$23.0K
+5.75%
Sonicwall US Holdings, Inc.
Second Lien Debt
$4.76M
$4.55M
$210.0K
+7.50%
Power Grid Components, Inc.
Specialty Distribution
Common Equity
$4.29M
$462.0K
$3.83M
Pool & Electrical Products, LLC
Oil & Gas Services
Common Equity
$4.29M
$549.0K
$3.74M
Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.)
Component Manufacturing
Common Equity
$4.25M
$1.44M
$2.81M
Winona Foods, Inc.
Industry Specialty Distribution
First Lien Debt
$4.00M
$3.92M
$79.0K
+12.00%
Combined Systems, Inc.
Aerospace & Defense Manufacturing
First Lien Debt
$3.86M
$3.84M
$18.0K
Combined Systems, Inc
Aerospace & Defense Manufacturing
Revolving Loan
$3.84M
$3.83M
$8.0K
2KDirect, Inc. (dba iPromote)
Information Technology Services
First Lien Debt
$3.44M
$3.44M
$0.00
+7.25%
Hallmark Health Care Solutions, Inc.
Healthcare Services
Common Equity
$3.37M
$750.0K
$2.62M
Tedia Company, LLC. Industry Healthcare Products
Subordinated Debt
$3.25M
$2.74M
$508.0K
Gurobi Optimization, LLC
Information Technology Services
Common Equity
$2.91M
$605.0K
$2.31M
Medsurant Holding LLC
Healthcare Services
Warrant
$2.57M
$2.26M
$310.0K
K2 Merger Agreement Agent, LLC (fka K2 Industrial Services, Inc.)
Industrial Cleaning & Coatings
Second Lien Debt
$2.12M
$2.37M
-$245.0K
Detechtion Holdings, LLC
Information Technology Services
Subordinated Debt
$2.00M
$2.00M
$0.00
CTM Group, Inc.
Business Services
Subordinated Debt
$1.99M
$1.99M
$0.00
BP Thrift Buyer, LLC (dba myUnique and Ecothrift)
Retail
First Lien Debt
$1.95M
$1.95M
$0.00
+5.75%
UBEO, LLC. Industry Business Services
Common Equity
$1.94M
$655.0K
$1.29M
Road Safety Services, Inc.
Common Equity
$1.70M
$1.12M
$574.0K
Elements Brands, LLC
Consumer Products
Revolving Loan
$1.50M
$1.49M
$7.0K
Healthfuse, LLC
Healthcare Services
Preferred Equity
$1.44M
$748.0K
$693.0K
Tedia Company, LLC. Industry Healthcare Products
Preferred Equity
$1.41M
$1.00M
$405.0K
QED Technologies International, Inc.
Common Equity
$1.40M
$1.40M
$0.00
Virginia Tile Company, LLC
Industry Specialty Distribution
Common Equity
$1.37M
$78.0K
$1.29M
R1 Holdings, LLC (dba RoadOne IntermodaLogistics)
Subordinated Debt
$1.37M
$1.32M
$42.0K
Comply365, LLC
Aerospace & Defense Manufacturing
Common Equity
$1.34M
$627.0K
$713.0K
Level Education Group, LLC (dba CE4Less)
Business Services
Common Equity
$1.34M
$1.00M
$336.0K
Elements Brands, LLC
Consumer Products
First Lien Debt
$1.27M
$1.26M
$13.0K
BP Thrift Buyer, LLC (dba myUnique and Ecothrift)
Retail
Common Equity
$1.24M
$960.0K
$278.0K
Aeronix Inc
Aerospace & Defense Manufacturing
Common Equity
$1.13M
$593.0K
$534.0K
NWS Technologies, LLC
Utilities: Services
Common Equity
$1.13M
$1.13M
$0.00
Ipro Tech, LLC
Information Technology Services
Preferred Equity
$1.02M
$682.0K
$341.0K
USG AS Holdings, LLC
Industry Utilities: Services
Common Equity
$1.00M
$1.00M
$0.00
Spectra A&D Acquisition Inc (fka FDS Avionics Corp)
Aerospace & Defense Manufacturing
Common Equity
$959.0K
$1.20M
-$245.0K
Worldwide Express Operations, LLC
Industry Transportation services
Common Equity
$901.0K
$795.0K
$106.0K
CIH Intermediate, LLC
Business Services
Preferred Equity
$886.0K
$400.0K
$486.0K
CIH Intermediate, LLC
Business Services
Common Equity
$843.0K
$400.0K
$443.0K
Hub Acquisition Sub, LLC (dba Hub Pen)
Promotional products
Common Equity
$819.0K
$56.0K
$763.0K
Dataguise, Inc.
Information Technology Services
Common Equity
$791.0K
$1.50M
-$709.0K
Medsurant Holding LLC
Healthcare Services
Preferred Equity
$744.0K
$643.0K
$101.0K
OnePath Systems, LLC
Information Technology Services
Common Equity
$699.0K
$500.0K
$199.0K
Worldwide Express Operations, LLC
Industry Transportation services
Common Equity
$696.0K
$225.0K
$471.0K
Aldinger Company
Business Services
Preferred Equity
$680.0K
$680.0K
$0.00
Power Grid Components, Inc.
Specialty Distribution
Preferred Equity
$657.0K
$392.0K
$265.0K
Auto CRM LLC (dba Dealer Holdings)
Information Technology Services
Subordinated Debt
$629.0K
$625.0K
$4.0K
LifeSpan Biosciences, Inc.
Healthcare Products
Common Equity
$629.0K
$1.00M
-$371.0K
PowerGrid Services Acquisition, LLC
Common Equity
$562.0K
$534.0K
$28.0K
Diversified Search LLC
Business Services
Common Equity
$521.0K
$552.0K
-$31.0K
ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.)
Business Services
Common Equity
$510.0K
$500.0K
$10.0K
Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.)
Aerospace & Defense Manufacturing
Common Equity
$503.0K
$472.0K
$31.0K
Detechtion Holdings, LLC
Information Technology Services
Common Equity
$500.0K
$500.0K
$0.00
Combined Systems, Inc.
Aerospace & Defense Manufacturing
First Lien Debt
$489.0K
$489.0K
$0.00
Road Safety Services, Inc.
Common Equity
$479.0K
$430.0K
$49.0K
Bedford Precision Parts LLC
Specialty
Common Equity
$472.0K
$484.0K
-$12.0K
Auto CRM LLC (dba Dealer Holdings)
Information Technology Services
Common Equity
$456.0K
$500.0K
-$44.0K
Acendre Midco Inc
Information Technology Services
Common Equity
$451.0K
$371.0K
$80.0K
R1 Holdings, LLC (dba RoadOne IntermodaLogistics)
Common Equity
$418.0K
$280.0K
$138.0K
CTM Group, Inc.
Business Services
Common Equity
$400.0K
$400.0K
$0.00
Palmetto Moon, LLC
Retail
Common Equity
$393.0K
$265.0K
$128.0K
NWS Technologies, LLC
Utilities: Services
Preferred Equity
$375.0K
$375.0K
$0.00
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
First Lien Debt
$322.0K
$330.0K
-$8.0K
+4.00%
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
Preferred Equity
$295.0K
$500.0K
-$205.0K
Cardback Intermediate, LLC (dba Chargeback Gurus)
Information Technology Services
Preferred Equity
$289.0K
$125.0K
$164.0K
GP&C Operations, LLC (dba Garlock Printing and Converting)
Component Manufacturing
Common Equity
$279.0K
$516.0K
-$237.0K
Hub Acquisition Sub, LLC (dba Hub Pen)
Promotional products
Preferred Equity
$268.0K
$153.0K
$115.0K
BurgerFi International, LLC (dba BurgerFi)
Restaurants
Preferred Equity
$245.0K
$49.0K
$196.0K
2KDirect Inc (dba iPromote)
Information Technology Services
Common Equity
$206.0K
CRS Solutions Holdings, LLC (dba CRS Texas)
Business Services
Common Equity
$202.0K
$272.0K
-$70.0K
Global Plasma Solutions, Inc.
Component Manufacturing Services
First Lien Debt
$191.0K
$191.0K
$0.00
Allredi LLC (fka Macro Group International OpCo. LLC)
Industrial Cleaning & Coatings
Common Equity
$159.0K
$637.0K
-$478.0K
Acendre Midco Inc
Information Technology Services
Preferred Equity
$143.0K
$88.0K
$55.0K
Prime AE Group, Inc.
Preferred Equity
$140.0K
$900.0K
-$760.0K
Acendre Midco Inc
Information Technology Services
Warrant
$135.0K
$129.0K
$6.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
Preferred Equity
$127.0K
$250.0K
-$123.0K
Global Plasma Solutions, Inc.
Component Manufacturing
Common Equity
$103.0K
$52.0K
$51.0K
NGT Acquisition Holdings, LLC (dba Techniks Industries)
Component Manufacturing
Common Equity
$97.0K
$500.0K
-$403.0K
Haematologic Technologies, Inc.
Healthcare Services
Common Equity
$89.0K
$89.0K
$0.00
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
Preferred Equity
$87.0K
$171.0K
-$84.0K
Power Grid Components, Inc.
Specialty Distribution
Preferred Equity
$81.0K
$48.0K
$33.0K
Zonkd, LLC
Industry Component Manufacturing
Common Equity
$71.0K
$169.0K
-$98.0K
Allredi LLC (fka Macro Group International OpCo. LLC)
Industrial Cleaning & Coatings
Common Equity
$55.0K
$22.0K
$33.0K
American AllWaste LLC (dba WasteWater Transport Services)
Environmental Industries
Preferred Equity
$47.0K
$97.0K
-$50.0K
IBH Holdings, LLC (fka Inflexxion, Inc.)
Business Services
Common Equity
$25.0K
Cardback Intermediate, LLC (dba Chargeback Gurus)
Information Technology Services
Common Equity
$23.0K
$125.0K
-$102.0K
BurgerFi International, LLC (dba BurgerFi)
Restaurants
Common Equity
$22.0K
2KDirect, Inc. (dba iPromote)
Information Technology Services
Common Equity
$0.00
$1.00M
-$1.00M
BurgerFi International, LLC (dba BurgerFi)
Restaurants
Common Equity
$0.00
$521.0K
-$521.0K
Haematologic Technologies, Inc.
Healthcare Services
Common Equity
$0.00
$630.0K
-$630.0K
Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.)
Aerospace & Defense Manufacturing
Common Equity
$0.00
$2.61M
-$2.61M
Suited Connector LLC
Common Equity
$0.00
$808.0K
-$808.0K
Tedia Company, LLC. Industry Healthcare Products
Revolving Loan
$0.00
$16.0K
-$16.0K
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
$586.0K
-$586.0K
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. Industry Healthcare Services
Preferred Equity
$0.00
$1.01M
-$1.01M
United Biologics, LLC. Industry Healthcare Services
Warrant
$0.00
$566.0K
-$566.0K
Aldinger Company
Business Services
Common Equity
Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC)
Building Products Manufacturing
Common Equity
Disclosed holdings FV
$928.72M
Parsed holdings FV
$938.86M
Residual gap
-$10.14M
Balance-sheet cash
$37.98M
CIK
0001513363
Accession
0000950170-23-038032
Form type
10-Q
Period
2023-06-30