GLAD
Gladstone Capital
Portfolio Fair Value
$789.50M
104 holdings
Avg Spread
+8.15%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
3.1%
of debt FV
Unrealized P/L
+$1.05M
+0.13% of cost
Non-Accrual
1
text-detected
Balance sheet
Assets$812.05M
Liabilities + Equity$812.05M
First Lien
$24.72M · 3.0%
Other Debt
$679.34M · 83.7%
Other Debt
$679.34M · 83.7%
LP Interest
$246.6K · 0.0%
Equity
$80.38M · 9.9%
Other
$6.90M · 0.8%
Cash & Equivalents
$5.28M · 0.7%
Other Assets
$15.18M · 1.9%
Debt (Borrowings)
$370.81M · 45.7%
Debt (Borrowings)
$370.81M · 45.7%
Other Liabilities
$10.45M · 1.3%
Net Assets (Equity)
$430.79M · 53.0%
Net Assets (Equity)
$430.79M · 53.0%
Industry Composition
Diversified/Conglomerate Service
20.8%
Diversified/Conglomerate Manufacturing
20.7%
Healthcare, Education, and Childcare
20.2%
Aerospace and Defense
15.3%
Beverage, Food, and Tobacco
10.8%
Automobile
3.5%
Oil and Gas
2.8%
Unclassified
1.9%
Personal and Non-Durable Consumer Products (Manufacturing Only)
1.9%
Machinery
0.8%
Printing and Publishing
0.5%
Telecommunications
0.5%
Other industries
0.3%
Spread Distribution
2.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.5%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
104 of 104
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
SpaceCo Holdings, LLC | Aerospace and Defense | Term Debt | $43.35M | $42.83M | $521.0K | — | — | — |
ALS Education, LLC | Healthcare, Education, and Childcare | Term Debt | $32.89M | $32.56M | $326.0K | — | +7.00% | — |
Antenna Research Associates, Inc. | Aerospace and Defense | Term Debt | $30.64M | $30.64M | $0.00 | — | +10.00% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $30.00M | $30.00M | $0.00 | — | +10.10% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare | Term Debt | $28.80M | $28.80M | $0.00 | — | — | — |
Pansophic Learning, Ltd. | Healthcare, Education, and Childcare | Term Debt #1 | $28.00M | $27.97M | $28.0K | — | +7.50% | — |
Café Zupas | Beverage, Food, and Tobacco | Term Debt | $26.51M | $26.25M | $263.0K | — | +7.00% | — |
Antenna Research Associates, Inc. | Aerospace and Defense | Common Equity Units | $26.51M | $4.28M | $22.23M | — | — | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service | Term Debt | $26.01M | $25.50M | $510.0K | — | +8.50% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing | Term Debt | $25.66M | $27.34M | -$1.68M | — | +7.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Term Debt | $23.69M | $23.00M | $690.0K | — | +8.00% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $22.05M | $21.83M | $219.0K | — | +8.30% | — |
ENET Holdings, LLC | Diversified/Conglomerate Service | Term Debt | $21.21M | $22.29M | -$1.07M | — | +8.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $20.81M | $20.42M | $393.0K | — | +7.10% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service | Term Debt | $20.14M | $20.18M | -$43.0K | — | +7.60% | — |
Imperative Holdings Corporation | Oil and Gas | Term Debt | $19.71M | $19.39M | $321.0K | — | +9.80% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $18.87M | $18.50M | $370.0K | — | +7.50% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense | Term Debt | $17.15M | $17.15M | $0.00 | — | +8.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Term Debt | $16.71M | $17.37M | -$660.0K | — | +7.80% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Term Debt #1 | $15.66M | $15.92M | -$264.0K | — | +8.00% | — |
Perimeter Solutions Group | — | Term Debt | $15.00M | $15.00M | $0.00 | — | — | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $14.96M | $14.54M | $426.0K | — | +6.50% | — |
Gray Matter Systems, LLC | Diversified/Conglomerate Service | Term Debt | $13.77M | $13.71M | $58.0K | — | — | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service | Term Debt | $13.00M | $13.00M | $0.00 | — | — | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Term Debt | $12.46M | $12.09M | $363.0K | — | +8.10% | — |
Sea Link International IRB, Inc. | Automobile | Term Debt #1 | $12.14M | $12.18M | -$38.0K | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $11.77M | $11.68M | $90.0K | — | +9.50% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service | Term Debt | $11.52M | $11.30M | $222.0K | — | +9.60% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $10.77M | $10.67M | $97.0K | — | +9.10% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare | Term Debt | $10.74M | $11.00M | -$261.0K | — | +7.30% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Term Debt #1 | $10.00M | $9.97M | $26.0K | — | +8.30% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service | Preferred Stock | $9.95M | $7.00M | $2.95M | — | — | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Preferred Equity | $9.45M | $7.00M | $2.45M | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco | Term Debt | $8.50M | $8.50M | $0.00 | — | +6.80% | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Term Debt | $7.49M | $9.78M | -$2.29M | — | +10.50% | — |
Defiance Integrated Technologies, Inc. | Automobile | Term Debt | $7.34M | $7.34M | $0.00 | — | +9.60% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Delayed Draw Term Loan | $6.90M | $6.90M | $0.00 | — | +8.10% | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Common Units | $6.86M | $6.75M | $110.0K | — | — | — |
Arc Drilling Holdings LLC | Machinery | Term Debt | $6.18M | $6.12M | $58.0K | — | +11.50% | — |
Pansophic Learning, Ltd. | Healthcare, Education, and Childcare | Term Debt #2 | $5.00M | $5.00M | $5.0K | — | +7.50% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service | Preferred Stock | $4.73M | $3.84M | $890.0K | — | — | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare | Warrant | $4.27M | $19.0K | $4.25M | — | — | — |
Tailwind Smith Cooper Intermediate Corporation | Diversified/Conglomerate Manufacturing | Term Debt | $4.20M | $4.87M | -$671.0K | — | +9.00% | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $4.09M | $4.09M | $0.00 | — | +8.00% | — |
Sea Link International IRB, Inc. | Automobile | Term Debt #2 | $4.04M | $4.04M | $0.00 | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing | Common Equity Units | $3.97M | $500.0K | $3.47M | — | — | — |
Defiance Integrated Technologies, Inc. | Automobile | Common Stock | $3.75M | $580.0K | $3.17M | — | — | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Line of Credit | $3.42M | $4.47M | -$1.04M | — | +10.50% | — |
8th Avenue Food & Provisions, Inc. | Beverage, Food, and Tobacco | Term Debt | $3.31M | $3.68M | -$368.0K | — | +7.90% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Term Debt #2 | $3.16M | $3.22M | -$53.0K | — | +8.00% | — |
DKI Ventures, LLC | Diversified/Conglomerate Service | Term Debt | $3.05M | $5.92M | -$2.87M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt | $3.04M | $6.00M | -$2.96M | — | +2.00% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service | Preferred Equity | $3.00M | $3.00M | $0.00 | — | — | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $2.95M | $3.06M | -$117.0K | — | +7.80% | — |
Café Zupas | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $2.83M | $2.80M | $28.0K | — | +7.00% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Stock | $2.82M | $800.0K | $2.02M | — | — | — |
ENET Holdings, LLC | Diversified/Conglomerate Service | Line of Credit | $2.50M | $2.38M | $122.0K | — | +8.30% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Line of Credit | $2.40M | $2.40M | $0.00 | — | +8.10% | — |
Imperative Holdings Corporation | Oil and Gas | Preferred Equity Units | $2.21M | $488.0K | $1.72M | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Line of Credit | $2.06M | $2.00M | $60.0K | — | +8.00% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $2.01M | $2.25M | -$244.0K | — | — | — |
SpaceCo Holdings, LLC | Aerospace and Defense | Line of Credit | $2.00M | $2.00M | $0.00 | — | +6.90% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Manufacturing | Term Debt #1 | $1.94M | $6.14M | -$4.20M | — | +5.50% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Line of Credit | $1.70M | $1.73M | -$29.0K | — | +8.00% | — |
GSM MidCo LLC | Healthcare, Education, and Childcare | Common Stock | $1.63M | $767.0K | $867.0K | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Term Debt #2 | $1.63M | $1.60M | $34.0K | — | +9.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Line of Credit | $1.44M | $1.50M | -$57.0K | — | +7.80% | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco | Common Stock | $1.42M | $250.0K | $1.17M | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco | Common Stock | $1.34M | $1.50M | -$157.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate | Line of Credit | $1.29M | $1.27M | $11.0K | — | +8.00% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Line of Credit | $1.20M | $1.20M | $0.00 | — | +6.50% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Delayed Draw Term Loan | $1.11M | $1.10M | $11.0K | — | +6.50% | — |
GFRC 360, LLC | Buildings and Real Estate | Term Debt | $1.01M | $1.00M | $9.0K | — | +8.00% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Preferred Stock | $897.0K | $500.0K | $397.0K | — | — | — |
Ohio Armor Holdings, LLC | Aerospace and Defense | Common Equity | $791.0K | $1.00M | -$209.0K | — | — | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Line of Credit | $763.0K | $756.0K | $7.0K | — | +6.50% | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #1 | $670.0K | $1.32M | -$650.0K | — | +2.00% | — |
Arc Drilling Holdings LLC | Machinery | Common Stock | $295.0K | $1.50M | -$1.21M | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Common Stock | $293.0K | $532.0K | -$239.0K | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Term Debt | $288.0K | $325.0K | -$37.0K | — | — | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service | Term Debt | $252.0K | $252.0K | $0.00 | — | +7.00% | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare | Limited Partnership Interest | $246.0K | — | — | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Common Stock | $230.0K | $2.00M | -$1.77M | — | — | — |
Sea Link International IRB, Inc. | Automobile | Preferred Stock | $200.0K | $98.0K | $102.0K | — | — | — |
DKI Ventures, LLC | Diversified/Conglomerate Service | Line of Credit | $180.0K | $350.0K | -$170.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco | Preferred Stock | $154.0K | $75.0K | $79.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #2 | $143.0K | $281.0K | -$138.0K | — | +7.30% | — |
Total Safety Holdings, LLC | Oil and Gas | Common Equity | $139.0K | $499.0K | -$360.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile | Common Equity Units | $118.0K | $823.0K | -$705.0K | — | — | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Delayed Draw Term Loan | $100.0K | $100.0K | $0.00 | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Convertible Debt | $33.0K | $198.0K | -$165.0K | — | +6.00% | — |
Funko Acquisition Holdings, LLC(S) | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Units | $18.0K | $22.0K | -$4.0K | — | — | — |
B+T Group Acquisition, Inc.(S) | Telecommunications | Preferred Stock | $0.00 | $2.02M | -$2.02M | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing | Preferred Stock | $0.00 | $5.47M | -$5.47M | — | — | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing | Common Stock | $0.00 | $3.00M | -$3.00M | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Preferred Equity Units | $0.00 | $6.35M | -$6.35M | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Preferred Stock | $0.00 | $500.0K | -$500.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate | Preferred Stock | $0.00 | $1.02M | -$1.02M | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing | Common Stock | $0.00 | $2.00M | -$2.00M | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing | Preferred Stock | $0.00 | $2.50M | -$2.50M | — | — | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Preferred Stock | $0.00 | $2.75M | -$2.75M | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Common Equity Units | — | — | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Preferred Stock Warrant | — | — | — | — | — | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Common Units | — | — | — | — | — | — |
Disclosed holdings FV
$791.59M
Parsed holdings FV
$789.50M
Residual gap
$2.08M
Balance-sheet cash
$5.28M
CIK
0001143513
Accession
0001143513-24-000006
Form type
10-Q
Period
2024-03-31