GLAD
Gladstone Capital
Portfolio Fair Value
$749.99M
106 holdings
Avg Spread
+8.08%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
3.0%
of debt FV
Unrealized P/L
-$9.65M
-1.27% of cost
Non-Accrual
1
text-detected
Balance sheet
Assets$766.56M
Liabilities + Equity$766.56M
First Lien
$22.70M · 3.0%
Other Debt
$650.50M · 84.9%
Other Debt
$650.50M · 84.9%
LP Interest
$246.0K · 0.0%
Equity
$75.39M · 9.8%
Other
$1.15M · 0.2%
Cash & Equivalents
$1.50M · 0.2%
Other Assets
$15.07M · 2.0%
Debt (Borrowings)
$338.36M · 44.1%
Debt (Borrowings)
$338.36M · 44.1%
Other Liabilities
$10.27M · 1.3%
Net Assets (Equity)
$417.93M · 54.5%
Net Assets (Equity)
$417.93M · 54.5%
Industry Composition
Diversified/Conglomerate Service
21.8%
Healthcare, Education, and Childcare
21.2%
Diversified/Conglomerate Manufacturing
21.1%
Aerospace and Defense
14.1%
Beverage, Food, and Tobacco
10.7%
Automobile
3.7%
Oil and Gas
3.2%
Personal and Non-Durable Consumer Products (Manufacturing Only)
1.9%
Machinery
0.8%
Printing and Publishing
0.5%
Telecommunications
0.5%
Buildings and Real Estate
0.3%
Other industries
0.0%
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
106 of 106
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
ALS Education, LLC | Healthcare, Education, and Childcare | Term Debt | $32.56M | $32.56M | $0.00 | — | +7.00% | — |
Antenna Research Associates, Inc. | Aerospace and Defense | Term Debt | $30.33M | $30.33M | $0.00 | — | +10.00% | — |
SpaceCo Holdings, LLC | Aerospace and Defense | Term Debt | $30.07M | $29.79M | $286.0K | — | +7.20% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $29.33M | $30.00M | -$666.0K | — | +10.10% | — |
Pansophic Learning, Ltd. | Healthcare, Education, and Childcare | Term Debt #1 | $27.92M | $27.97M | -$48.0K | — | +7.50% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare | Term Debt | $27.50M | $28.80M | -$1.30M | — | — | — |
Café Zupas | Beverage, Food, and Tobacco | Term Debt | $26.25M | $26.25M | $0.00 | — | +7.00% | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service | Term Debt | $25.50M | $25.50M | $0.00 | — | +8.50% | — |
Antenna Research Associates, Inc. | Aerospace and Defense | Common Equity Units | $25.20M | $4.28M | $20.92M | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing | Term Debt | $25.07M | $27.25M | -$2.17M | — | +7.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Term Debt | $23.59M | $23.00M | $586.0K | — | +8.00% | — |
ENET Holdings, LLC | Diversified/Conglomerate Service | Term Debt | $21.87M | $22.29M | -$422.0K | — | +8.30% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $21.77M | $21.63M | $142.0K | — | +8.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $20.63M | $20.53M | $96.0K | — | +7.10% | — |
Imperative Holdings Corporation | Oil and Gas | Term Debt | $20.18M | $20.13M | $46.0K | — | +9.80% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service | Term Debt | $19.77M | $20.14M | -$374.0K | — | +7.60% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $18.87M | $18.50M | $370.0K | — | +7.50% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense | Term Debt | $17.44M | $17.44M | -$1.0K | — | +8.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Term Debt | $17.14M | $17.15M | -$1.0K | — | +7.80% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Term Debt #1 | $16.29M | $15.97M | $320.0K | — | +8.00% | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $14.96M | $14.52M | $442.0K | — | +6.30% | — |
Gray Matter Systems, LLC | Diversified/Conglomerate Service | Term Debt | $13.99M | $13.65M | $338.0K | — | — | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Term Debt | $12.32M | $12.20M | $118.0K | — | +8.10% | — |
Sea Link International IRB, Inc. | Automobile | Term Debt #1 | $12.13M | $12.12M | $16.0K | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $11.65M | $11.74M | -$90.0K | — | +9.50% | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service | Term Debt | $11.03M | $11.30M | -$271.0K | — | +9.10% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare | Term Debt | $10.93M | $11.00M | -$73.0K | — | +7.30% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $10.25M | $10.66M | -$411.0K | — | +9.10% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Term Debt #1 | $10.04M | $9.97M | $64.0K | — | +8.30% | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Term Debt | $9.10M | $9.80M | -$700.0K | — | +10.50% | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service | Term Debt | $9.00M | $9.00M | $0.00 | — | — | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service | Preferred Stock | $8.90M | $7.00M | $1.90M | — | — | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco | Term Debt | $8.50M | $8.50M | $0.00 | — | +7.00% | — |
Defiance Integrated Technologies, Inc. | Automobile | Term Debt | $7.42M | $7.42M | $0.00 | — | +9.60% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Preferred Equity | $7.00M | $7.00M | $0.00 | — | — | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Delayed Draw Term Loan | $6.91M | $6.91M | $0.00 | — | +8.10% | — |
Arc Drilling Holdings LLC | Machinery | Term Debt | $6.01M | $6.02M | -$10.0K | — | +11.50% | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service | Term Debt #1 | $5.71M | $5.75M | -$43.0K | — | +7.00% | — |
Pansophic Learning, Ltd. | Healthcare, Education, and Childcare | Term Debt #2 | $4.99M | $5.00M | -$9.0K | — | +7.50% | — |
Tailwind Smith Cooper Intermediate Corporation | Diversified/Conglomerate Manufacturing | Term Debt | $4.22M | $4.86M | -$641.0K | — | +9.00% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service | Preferred Stock | $4.21M | $3.84M | $370.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile | Term Debt #2 | $4.02M | $4.02M | $0.00 | — | — | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $4.01M | $4.01M | $0.00 | — | +8.00% | — |
Defiance Integrated Technologies, Inc. | Automobile | Common Stock | $3.81M | $580.0K | $3.23M | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing | Common Equity Units | $3.63M | $500.0K | $3.13M | — | — | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare | Warrant | $3.56M | $19.0K | $3.54M | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Term Debt #2 | $3.28M | $3.22M | $64.0K | — | +8.00% | — |
DKI Ventures, LLC | Diversified/Conglomerate Service | Term Debt | $3.22M | $5.92M | -$2.70M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt | $3.17M | $6.00M | -$2.83M | — | +2.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $3.03M | $3.03M | $0.00 | — | +7.80% | — |
8th Avenue Food & Provisions, Inc. | Beverage, Food, and Tobacco | Term Debt | $2.91M | $3.68M | -$773.0K | — | +7.90% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Manufacturing | Term Debt #1 | $2.83M | $6.14M | -$3.31M | — | +5.50% | — |
CHA Holdings, Inc. | Diversified/Conglomerate Service | Term Debt | $2.82M | $2.98M | -$157.0K | — | +8.90% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Stock | $2.75M | $800.0K | $1.95M | — | — | — |
Imperative Holdings Corporation | Oil and Gas | Preferred Equity Units | $2.22M | $488.0K | $1.74M | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $2.16M | $2.25M | -$92.0K | — | — | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Line of Credit | $2.05M | $2.00M | $51.0K | — | +8.00% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Term Debt #2 | $2.05M | $2.05M | $0.00 | — | — | — |
Quality Environmental Midco, Inc. | Diversified/Conglomerate Service | Preferred Equity | $2.00M | $2.00M | $0.00 | — | — | — |
SpaceCo Holdings, LLC | Aerospace and Defense | Line of Credit | $2.00M | $2.00M | $0.00 | — | +7.20% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Line of Credit | $1.90M | $1.90M | $0.00 | — | +8.10% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Line of Credit | $1.76M | $1.73M | $34.0K | — | +8.00% | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service | Term Debt #2 | $1.67M | $1.65M | $19.0K | — | +7.00% | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco | Common Stock | $1.61M | $1.50M | $115.0K | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Term Debt #2 | $1.61M | $1.60M | $10.0K | — | +9.20% | — |
GSM MidCo LLC | Healthcare, Education, and Childcare | Common Stock | $1.56M | $767.0K | $794.0K | — | — | — |
Café Zupas | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $1.40M | $1.40M | $0.00 | — | +7.00% | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Line of Credit | $1.36M | $1.47M | -$105.0K | — | +10.50% | — |
GFRC 360, LLC | Buildings and Real Estate | Line of Credit | $1.28M | $1.27M | $1.0K | — | +8.00% | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco | Common Stock | $1.25M | $250.0K | $998.0K | — | — | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Common Units | $1.13M | $6.75M | -$5.62M | — | — | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Delayed Draw Term Loan | $1.11M | $1.10M | $11.0K | — | +6.30% | — |
GFRC 360, LLC | Buildings and Real Estate | Term Debt | $1.00M | $1.00M | $1.0K | — | +8.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Line of Credit | $1.00M | $1.00M | $0.00 | — | +7.80% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Preferred Stock | $923.0K | $500.0K | $423.0K | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Preferred Equity Units | $791.0K | $6.35M | -$5.56M | — | — | — |
Ohio Armor Holdings, LLC | Aerospace and Defense | Common Equity | $756.0K | $1.00M | -$244.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit | $634.0K | $1.20M | -$566.0K | — | +2.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Common Stock | $623.0K | $2.00M | -$1.38M | — | — | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service | Preferred Stock | $620.0K | $750.0K | -$130.0K | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing | Preferred Stock | $551.0K | $2.50M | -$1.95M | — | — | — |
Unirac Holdings, Inc. | Diversified/Conglomerate Manufacturing | Line of Credit | $426.0K | $422.0K | $4.0K | — | +6.30% | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare | Line of Credit | $397.0K | $400.0K | -$3.0K | — | +7.30% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Common Stock | $338.0K | $532.0K | -$194.0K | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Term Debt | $325.0K | $325.0K | $0.00 | — | — | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing | Line of Credit | $300.0K | $300.0K | $0.00 | — | — | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare | Limited Partnership Interest | $246.0K | — | — | — | — | — |
Sea Link International IRB, Inc. | Automobile | Common Equity Units | $219.0K | $823.0K | -$604.0K | — | — | — |
Arc Drilling Holdings LLC | Machinery | Common Stock | $203.0K | $1.50M | -$1.30M | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Line of Credit | $197.0K | $200.0K | -$3.0K | — | +6.50% | — |
Sea Link International IRB, Inc. | Automobile | Preferred Stock | $192.0K | $98.0K | $94.0K | — | — | — |
DKI Ventures, LLC | Diversified/Conglomerate Service | Line of Credit | $190.0K | $350.0K | -$160.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco | Preferred Stock | $148.0K | $75.0K | $73.0K | — | — | — |
Total Safety Holdings, LLC | Oil and Gas | Common Equity | $146.0K | $499.0K | -$353.0K | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Convertible Debt | $23.0K | $198.0K | -$175.0K | — | +6.00% | — |
Funko Acquisition Holdings, LLC(S) | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Units | $22.0K | $22.0K | $0.00 | — | — | — |
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 | — | — | — |
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 | — | — | — |
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
$749.99M
Parsed holdings FV
$749.99M
Residual gap
$0.00
Balance-sheet cash
$1.50M
CIK
0001143513
Accession
0001143513-24-000002
Form type
10-Q
Period
2023-12-31