GLAD
Gladstone Capital
Portfolio Fair Value
$715.32M
104 holdings
Avg Spread
+8.09%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
4.3%
of debt FV
Unrealized P/L
-$19.86M
-2.70% of cost
Non-Accrual
1
text-detected
Balance sheet
Assets$730.06M
Liabilities + Equity$730.06M
First Lien
$30.81M · 4.2%
Other Debt
$622.50M · 85.3%
Other Debt
$622.50M · 85.3%
LP Interest
$193.0K · 0.0%
Equity
$61.80M · 8.5%
Other
$31.0K · 0.0%
Cash & Equivalents
$1.68M · 0.2%
Other Assets
$13.06M · 1.8%
Debt (Borrowings)
$361.69M · 49.5%
Debt (Borrowings)
$361.69M · 49.5%
Other Liabilities
$10.43M · 1.4%
Net Assets (Equity)
$357.95M · 49.0%
Net Assets (Equity)
$357.95M · 49.0%
Industry Composition
Diversified/Conglomerate Service
23.0%
Diversified/Conglomerate Manufacturing
22.5%
Healthcare, Education, and Childcare
20.2%
Aerospace and Defense
12.3%
Beverage, Food, and Tobacco
10.4%
Oil and Gas
3.8%
Automobile
3.1%
Personal and Non-Durable Consumer Products (Manufacturing Only)
2.1%
Machinery
0.9%
Telecommunications
0.8%
Printing and Publishing
0.5%
Buildings and Real Estate
0.3%
Other industries
0.0%
Spread Distribution
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.0%
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 | $30.00M | $30.14M | -$141.0K | — | +7.20% | — |
Springfield, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $29.89M | $30.00M | -$112.0K | — | +10.10% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare | Term Debt | $28.73M | $28.80M | -$72.0K | — | — | — |
Pansophic Learning, Ltd. | Healthcare, Education, and Childcare | Term Debt #1 | $28.00M | $27.97M | $34.0K | — | +7.50% | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing | Term Debt | $26.26M | $27.07M | -$812.0K | — | +7.00% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service | Term Debt #1 | $23.28M | $23.88M | -$597.0K | — | +7.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Term Debt | $23.00M | $23.00M | $0.00 | — | +8.00% | — |
Café Zupas | Beverage, Food, and Tobacco | Term Debt | $22.99M | $23.46M | -$469.0K | — | +6.80% | — |
Antenna Research Associates, Inc. | Aerospace and Defense | Term Debt | $22.04M | $22.04M | $0.00 | — | +10.00% | — |
Imperative Holdings Corporation | Oil and Gas | Term Debt | $21.49M | $21.61M | -$118.0K | — | +9.80% | — |
ENET Holdings, LLC | Diversified/Conglomerate Service | Term Debt #2 | $21.45M | $22.29M | -$836.0K | — | +7.30% | — |
Viva Railings, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $20.49M | $20.75M | -$259.0K | — | +7.10% | — |
Engineering Manufacturing Technologies, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $20.32M | $21.50M | -$1.18M | — | +8.30% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $20.00M | $20.00M | $0.00 | — | +7.50% | — |
ALS Education, LLC | Healthcare, Education, and Childcare | Term Debt | $18.98M | $19.03M | -$48.0K | — | +7.00% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service | Term Debt | $18.23M | $20.07M | -$1.84M | — | +7.60% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense | Term Debt | $17.67M | $18.01M | -$343.0K | — | +8.00% | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Term Debt | $16.28M | $17.00M | -$722.0K | — | +7.80% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Term Debt #1 | $16.01M | $16.01M | $0.00 | — | — | — |
Antenna Research Associates, Inc. | Aerospace and Defense | Common Equity Units | $15.81M | $4.28M | $11.53M | — | — | — |
Unirac, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $14.91M | $14.56M | $345.0K | — | +6.50% | — |
Leadpoint Business Services, LLC | Diversified/Conglomerate Service | Term Debt | $13.37M | $13.50M | -$135.0K | — | +8.50% | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco | Term Debt | $13.18M | $13.50M | -$321.0K | — | +7.00% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Term Debt | $12.20M | $12.20M | $0.00 | — | +8.10% | — |
Sea Link International IRB, Inc. | Automobile | Term Debt | $11.63M | $11.99M | -$359.0K | — | — | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare | Term Debt | $11.00M | $11.00M | $0.00 | — | +7.30% | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $10.97M | $11.80M | -$826.0K | — | +9.50% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Term Debt #1 | $9.97M | $9.97M | $6.0K | — | +8.40% | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Term Debt | $9.85M | $9.85M | $0.00 | — | +10.50% | — |
MCG Energy Solutions, LLC | Diversified/Conglomerate Service | Preferred Stock | $8.90M | $7.00M | $1.90M | — | — | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service | Term Debt | $8.84M | $8.97M | -$124.0K | — | +9.10% | — |
Gray Matter Systems, LLC | Diversified/Conglomerate Service | Term Debt | $8.59M | $8.55M | $36.0K | — | +11.30% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $8.12M | $8.43M | -$312.0K | — | +9.10% | — |
Defiance Integrated Technologies, Inc. | Automobile | Term Debt | $7.42M | $7.42M | $0.00 | — | +9.60% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Delayed Draw Term Loan | $6.91M | $6.91M | $0.00 | — | +8.10% | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service | Term Debt | $5.75M | $5.75M | $0.00 | — | +7.00% | — |
Arc Drilling Holdings LLC | Machinery | Term Debt | $5.52M | $5.83M | -$313.0K | — | +11.50% | — |
Pansophic Learning, Ltd. | Healthcare, Education, and Childcare | Term Debt #2 | $5.00M | $4.99M | $6.0K | — | +7.50% | — |
B+T Group Acquisition, Inc.(S) | Telecommunications | Term Debt | $4.98M | $6.00M | -$1.02M | — | +11.00% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service | Delayed Draw Term Loan | $4.95M | $5.08M | -$127.0K | — | +7.00% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service | Term Debt #2 | $4.50M | $4.62M | -$116.0K | — | +7.00% | — |
Tailwind Smith Cooper Intermediate Corporation | Diversified/Conglomerate Manufacturing | Term Debt | $4.30M | $4.85M | -$549.0K | — | +9.00% | — |
Encore Dredging Holdings, LLC | Diversified/Conglomerate Service | Preferred Stock | $4.28M | $3.84M | $438.0K | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $4.21M | $2.25M | $1.96M | — | — | — |
Café Zupas | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $3.89M | $3.97M | -$79.0K | — | +6.80% | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Term Debt | $3.85M | $3.85M | $0.00 | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Preferred Equity Units | $3.62M | $6.35M | -$2.73M | — | — | — |
DKI Ventures, LLC | Diversified/Conglomerate Service | Term Debt | $3.55M | $5.92M | -$2.37M | — | +8.00% | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Term Debt #2 | $3.23M | $3.23M | $0.00 | — | — | — |
Axios Industrial Group, LLC | Diversified/Conglomerate Service | Delayed Draw Term Loan | $2.95M | $3.00M | -$52.0K | — | +9.10% | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing | Common Equity Units | $2.93M | $500.0K | $2.43M | — | — | — |
Eegee’s LLC | Beverage, Food, and Tobacco | Delayed Draw Term Loan | $2.87M | $3.00M | -$127.0K | — | +7.80% | — |
CHA Holdings, Inc. | Diversified/Conglomerate Service | Term Debt | $2.76M | $2.97M | -$213.0K | — | +9.00% | — |
Edge Adhesives Holdings, Inc. (S) | Diversified/Conglomerate Manufacturing | Term Debt | $2.75M | $6.14M | -$3.39M | — | +5.50% | — |
Defiance Integrated Technologies, Inc. | Automobile | Common Stock | $2.64M | $580.0K | $2.06M | — | — | — |
8th Avenue Food & Provisions, Inc. | Beverage, Food, and Tobacco | Term Debt | $2.43M | $3.68M | -$1.25M | — | +7.90% | — |
Giving Home Health Care, LLC | Healthcare, Education, and Childcare | Warrant | $2.42M | $19.0K | $2.40M | — | — | — |
Salvo Technologies, Inc. | Diversified/Conglomerate Manufacturing | Preferred Stock | $2.01M | $2.50M | -$489.0K | — | — | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Term Debt #1 | $2.00M | $2.00M | $0.00 | — | +7.00% | — |
Technical Resource Management, LLC | Healthcare, Education, and Childcare | Common Stock | $2.00M | $2.00M | $0.00 | — | — | — |
SpaceCo Holdings, LLC | Aerospace and Defense | Line of Credit | $1.87M | $1.90M | -$31.0K | — | +7.20% | — |
Salt & Straw, LLC | Beverage, Food, and Tobacco | Line of Credit | $1.85M | $1.94M | -$87.0K | — | +9.10% | — |
Imperative Holdings Corporation | Oil and Gas | Preferred Equity Units | $1.66M | $488.0K | $1.17M | — | — | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Term Debt #2 | $1.60M | $1.59M | $1.0K | — | +9.50% | — |
Sokol & Company Holdings, LLC | Beverage, Food, and Tobacco | Common Stock | $1.58M | $1.50M | $81.0K | — | — | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Line of Credit | $1.47M | $1.47M | $0.00 | — | +10.50% | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Stock | $1.41M | $800.0K | $606.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco | Common Stock | $1.31M | $250.0K | $1.06M | — | — | — |
Unirac, Inc. | Diversified/Conglomerate Manufacturing | Line of Credit | $1.20M | $1.20M | $1.0K | — | +6.50% | — |
WB Xcel Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Preferred Equity | $1.14M | $2.75M | -$1.61M | — | — | — |
GSM MidCo LLC | Healthcare, Education, and Childcare | Common Stock | $1.12M | $767.0K | $351.0K | — | — | — |
Unirac, Inc. | Diversified/Conglomerate Manufacturing | Delayed Draw Term Loan | $1.11M | $1.11M | $2.0K | — | +6.50% | — |
GFRC 360, LLC | Buildings and Real Estate | Line of Credit | $1.08M | $1.15M | -$74.0K | — | +8.00% | — |
Fix-It Group, LLC | Diversified/Conglomerate Service | Line of Credit | $1.00M | $1.00M | $0.00 | — | +8.10% | — |
B+T Group Acquisition, Inc.(S) | Telecommunications | Line of Credit | $996.0K | $1.20M | -$204.0K | — | +11.00% | — |
GFRC 360, LLC | Buildings and Real Estate | Term Debt | $936.0K | $1.00M | -$64.0K | — | +8.00% | — |
TNCP Intermediate HoldCo, LLC | Printing and Publishing | Line of Credit | $900.0K | $900.0K | $0.00 | — | — | — |
NeoGraf Solutions LLC | Diversified/Conglomerate Manufacturing | Common Equity | $855.0K | $2.00M | -$1.15M | — | — | — |
Canopy Safety Brands, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Preferred Stock | $846.0K | $500.0K | $346.0K | — | — | — |
CPM Holdings, Inc. | Machinery | Term Debt | $792.0K | $798.0K | -$6.0K | — | +8.30% | — |
Trowbridge Chicago, LLC | Diversified/Conglomerate Service | Preferred Stock | $750.0K | $750.0K | $0.00 | — | — | — |
HH-Inspire Acquisition, Inc. | Healthcare, Education, and Childcare | Line of Credit | $624.0K | $624.0K | $0.00 | — | +8.00% | — |
Ohio Armor Holdings, LLC | Aerospace and Defense | Common Equity | $543.0K | $1.00M | -$457.0K | — | — | — |
Turn Key Health Clinics, LLC | Healthcare, Education, and Childcare | Line of Credit | $500.0K | $500.0K | $0.00 | — | +7.30% | — |
WorkforceQA, LLC | Diversified/Conglomerate Service | Common Stock | $391.0K | $532.0K | -$141.0K | — | — | — |
Sea Link International IRB, Inc. | Automobile | Common Equity Units | $322.0K | $823.0K | -$501.0K | — | — | — |
GFRC 360, LLC | Buildings and Real Estate | Preferred Stock | $263.0K | $1.02M | -$762.0K | — | — | — |
PIC 360, LLC | Machinery | Common Equity Units | $256.0K | $1.0K | $255.0K | — | — | — |
Leeds Novamark Capital I, L.P. | Healthcare, Education, and Childcare | Limited Partnership Interest ($843 uncalled capital commitment | $193.0K | — | — | — | — | — |
Sea Link International IRB, Inc. | Automobile | Preferred Stock | $175.0K | $98.0K | $77.0K | — | — | — |
Triple H Food Processors, LLC | Beverage, Food, and Tobacco | Preferred Stock | $135.0K | $75.0K | $60.0K | — | — | — |
Total Safety Holdings, LLC | Oil and Gas | Common Equity | $119.0K | $499.0K | -$380.0K | — | — | — |
Arc Drilling Holdings LLC | Machinery | Common Stock | $106.0K | $1.50M | -$1.39M | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Convertible Debt | $32.0K | $198.0K | -$166.0K | — | +6.00% | — |
Funko Acquisition Holdings, LLC(S) | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Units | $31.0K | $22.0K | $9.0K | — | — | — |
B+T Group Acquisition, Inc.(S) | Telecommunications | Preferred Stock | $0.00 | $2.02M | -$2.02M | — | — | — |
Edge Adhesives Holdings, Inc.(S) | 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 | — | — | — |
Lonestar EMS, LLC | Diversified/Conglomerate Manufacturing | Common Units | $0.00 | $6.75M | -$6.75M | — | — | — |
FES Resources Holdings LLC | Oil and Gas | Common Equity Units | — | — | — | — | — | — |
Frontier Financial Group Inc. | Diversified/Conglomerate Service | Preferred Stock Warrant | — | — | — | — | — | — |
NeoGarf Solutions LLC | — | Line of Credit | — | — | — | — | +7.00% | — |
OCI, LLC | Diversified/Conglomerate Manufacturing | Common Units | — | — | — | — | — | — |
Disclosed holdings FV
$715.32M
Parsed holdings FV
$715.32M
Residual gap
$0.00
Balance-sheet cash
$1.68M
CIK
0001143513
Accession
0001143513-23-000010
Form type
10-Q
Period
2023-06-30