BDC·info
GAIN

Gladstone Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$1.13B
63 holdings
Avg Spread
+8.57%
FV-weighted, debt
Avg Coupon
13.03%
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
+$93.66M
+9.03% of cost
Non-Accrual
5
text-detected

Balance sheet

Assets$1.14B
Liabilities + Equity$1.14B
Other Debt
$684.61M · 59.8%
Equity
$446.25M · 39.0%
Debt (Borrowings)
$555.03M · 48.5%
Net Assets (Equity)
$535.84M · 46.8%

Industry Composition

Diversified/Conglomerate Services
16.7%
Aerospace and Defense
15.2%
Home and Office Furnishings, Housewares, and Durable Consumer Products
13.5%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
11.5%
Leisure, Amusement, Motion Pictures, and Entertainment
7.4%
Oil and Gas
7.3%
Buildings and Real Estate
6.5%
Electronics
6.4%
Chemicals, Plastics, and Rubber
4.5%
Healthcare, Education, and Childcare
4.0%
Mining, Steel, Iron and Non-Precious Metals
3.4%
Printing and Publishing
1.0%
Other industries
2.4%

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
Q1 '26
Q2 '26

Spread Distribution

0.5%
1.0%
2.0%
3.0%
4.0%
5.0%
5.5%
6.0%
7.0%
8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.0%
Schedule of Investments

All holdings

All holdings
Sortable, click headers to re-sort
63 of 63
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
SFEG Holdings, Inc.
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
Common Stock
$75.89M
$30.75M
$45.15M
——
—
Detroit Defense, Inc.
Aerospace and Defense
Term Debt
$61.30M
$61.30M
$0.00
13.10%+9.00%
—
SFEG Holdings, Inc.
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
Term Debt #1
$54.64M
$54.64M
$0.00
12.50%+7.00%
—
The E3 Company, LLC
Oil and Gas
Preferred Stock
$49.30M
$11.23M
$38.07M
——
—
Brunswick Bowling Products, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Preferred Stock
$48.86M
$6.65M
$42.21M
——
—
Nielsen-Kellerman Acquisition Corp.
Electronics
Term Debt
$48.08M
$48.08M
$0.00
13.50%+8.50%
—
Global GRAB Technologies, Inc.
Aerospace and Defense
Term Debt
$46.50M
$46.50M
$0.00
13.50%+9.00%
—
Dema/Mai Holdings, Inc
Buildings and Real Estate
Term Debt
$38.25M
$38.25M
$0.00
15.10%+11.00%
—
Old World Christmas, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Term Debt
$38.00M
$38.00M
$0.00
13.60%+9.50%
—
Smart Chemical Solutions, LLC
Chemicals, Plastics, and Rubber
Term Debt
$35.66M
$35.66M
$0.00
13.50%+9.00%
—
Dema/Mai Holdings, Inc
Buildings and Real Estate
Preferred Stock
$35.24M
$21.00M
$14.24M
——
—
The E3 Company, LLC
Oil and Gas
Term Debt
$33.75M
$33.75M
$0.00
13.50%+9.00%
—
Horizon Facilities Services, Inc.
Diversified/Conglomerate Services
Term Debt
$31.71M
$57.70M
-$25.99M
6.00%+0.50%
—
Educators Resource, Inc.
Healthcare, Education, and Childcare
Term Debt
$30.00M
$30.00M
$0.00
14.60%+10.50%
—
Schylling, Inc.
Leisure, Amusement, Motion Pictures, and Entertainment
Preferred Stock
$29.26M
$4.00M
$25.26M
——
—
The Maids International, LLC
Diversified/Conglomerate Services
Term Debt
$28.56M
$28.56M
$0.00
14.60%+10.50%
—
Schylling, Inc.
Leisure, Amusement, Motion Pictures, and Entertainment
Term Debt
$27.98M
$27.98M
$0.00
15.10%+11.00%
—
Mason West, LLC
Diversified/Conglomerate Services
Term Debt
$25.25M
$25.25M
$0.00
14.10%+10.00%
—
Nielsen-Kellerman Acquisition Corp.
Electronics
Preferred Stock
$23.79M
$22.17M
$1.62M
——
—
UPB Acquisition, Inc.
Mining, Steel, Iron and Non-Precious Metals
Preferred Stock
$23.30M
$6.00M
$17.30M
——
—
Old World Christmas, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Preferred Stock
$22.24M
—
—
——
—
ImageWorks Display and Marketing Group, Inc.
Diversified/Conglomerate Services
Term Debt
$22.00M
$22.00M
$0.00
15.10%+11.00%
—
Global GRAB Technologies, Inc.
Aerospace and Defense
Preferred Stock
$21.10M
$21.10M
$0.00
——
—
Pyrotek Special Effects, Inc.
Leisure, Amusement, Motion Pictures, and Entertainment
Term Debt
$20.12M
$20.12M
$0.00
13.00%+8.00%
—
J.R. Hobbs Co. - Atlanta, LLC
Diversified/Conglomerate Services
Term Debt #2
$20.00M
$20.00M
$0.00
10.10%+6.00%
—
Galaxy Technologies Holdings, Inc.
Aerospace and Defense
Term Debt #2
$18.80M
$18.80M
$0.00
11.10%+7.00%
—
ImageWorks Display and Marketing Group, Inc.
Diversified/Conglomerate Services
Preferred Stock
$17.82M
$6.75M
$11.08M
——
—
Brunswick Bowling Products, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Term Debt #1
$17.70M
$17.70M
$0.00
14.10%+10.00%
—
Educators Resource, Inc.
Healthcare, Education, and Childcare
Preferred Stock
$15.77M
$8.56M
$7.21M
——
—
Detroit Defense, Inc.
Aerospace and Defense
Preferred Stock
$15.59M
$17.39M
-$1.80M
——
—
Mason West, LLC
Diversified/Conglomerate Services
Preferred Stock
$15.10M
$11.21M
$3.89M
——
—
UPB Acquisition, Inc.
Mining, Steel, Iron and Non-Precious Metals
Term Debt
$15.00M
$15.00M
$0.00
14.10%+10.00%
—
J.R. Hobbs Co. – Atlanta, LLC
Diversified/Conglomerate Services
Preferred Stock
$12.36M
$10.92M
$1.44M
——
—
Ginsey Home Solutions, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Term Debt
$12.20M
$12.20M
$0.00
14.10%+10.00%
—
Smart Chemical Solutions, LLC
Chemicals, Plastics, and Rubber
Preferred Stock
$12.15M
$13.84M
-$1.70M
——
—
Diligent Delivery Systems
Cargo Transport
Term Debt
$10.29M
$13.00M
-$2.71M
13.10%+9.00%
—
Sun State Nursery and Landscaping, LLC
Diversified/Conglomerate Services
Term Debt
$9.52M
$9.52M
$0.00
13.50%+9.00%
—
Home Concepts Acquisition, Inc.
Printing and Publishing
Term Debt
$9.32M
$12.00M
-$2.67M
13.10%+9.00%
—
Galaxy Technologies Holdings, Inc.
Aerospace and Defense
Term Debt #1
$6.90M
$6.90M
$0.00
8.20%+4.10%
—
Brunswick Bowling Products, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Term Debt #2
$6.85M
$6.85M
$0.00
14.10%+10.00%
—
Ginsey Home Solutions, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Preferred Stock
$6.81M
$9.58M
-$2.77M
——
—
Pyrotek Special Effects, Inc.
Leisure, Amusement, Motion Pictures, and Entertainment
Preferred Stock
$6.74M
$7.06M
-$322.0K
——
—
Gladstone Alternative Income Fund.
Finance
Common Equity
$5.08M
$5.00M
$75.0K
——
—
B+T Group Acquisition, Inc.
Telecommunications
Term Debt #1
$3.55M
$14.00M
-$10.45M
7.00%+2.00%
—
The Maids International, LLC
Diversified/Conglomerate Services
Preferred Stock
$3.39M
$6.64M
-$3.25M
——
—
PSI Molded Plastics, Inc.
Chemicals, Plastics, and Rubber
Preferred Stock
$3.37M
$46.75M
-$43.37M
——
—
B+T Group Acquisition, Inc.
Telecommunications
Line of Credit #1
$3.08M
$3.08M
$0.00
7.00%+2.00%
—
Sun State Nursery and Landscaping, LLC
Diversified/Conglomerate Services
Preferred Stock
$3.06M
$3.06M
$0.00
——
—
Phoenix Door Systems, Inc
Diversified/Conglomerate Manufacturing
Line of Credit
$2.95M
$2.95M
$0.00
5.50%+1.40%
—
Global GRAB Technologies, Inc.
Aerospace and Defense
Line of Credit
$2.00M
$2.00M
$0.00
10.00%+5.00%
—
Home Concepts Acquisition, Inc.
Printing and Publishing
Line of Credit
$2.00M
$2.00M
$0.00
10.10%+6.00%
—
B+T Group Acquisition, Inc.
Telecommunications
Line of Credit #2
$1.05M
$1.05M
$0.00
7.00%+2.00%
—
Edge Adhesives Holdings, Inc
Diversified/Conglomerate Manufacturing
Term Debt
$770.0K
$9.21M
-$8.44M
9.60%+5.50%
—
Phoenix Door Systems, Inc.
Diversified/Conglomerate Manufacturing
Term Debt
$574.0K
$3.20M
-$2.63M
7.50%+3.40%
—
Sun State Nursery and Landscaping, LLC
Diversified/Conglomerate Services
Line of Credit
$240.0K
$240.0K
$0.00
10.00%+5.00%
—
B+T Group Acquisition, Inc.
Telecommunications
Preferred Stock
$0.00
$4.72M
-$4.72M
——
—
Diligent Delivery Systems
Cargo Transport
Common Stock Warrants
$0.00
$500.0K
-$500.0K
——
—
Edge Adhesives Holdings, Inc.
Diversified/Conglomerate Manufacturing
Preferred Stock
$0.00
$8.20M
-$8.20M
——
—
Galaxy Technologies Holdings, Inc.
Aerospace and Defense
Common Stock
$0.00
$11.51M
-$11.51M
——
—
Ginsey Home Solutions, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Common Stock
$0.00
$8.0K
-$8.0K
——
—
Home Concepts Acquisition
Printing and Publishing
Inc.- Preferred Stock
$0.00
$3.27M
-$3.27M
——
—
Phoenix Door Systems, Inc.
Diversified/Conglomerate Manufacturing
Common Stock
$0.00
$1.83M
-$1.83M
——
—
Horizon Facilities Services, Inc.
Diversified/Conglomerate Services
Preferred Stock
—
—
—
——
—
Disclosed holdings FV
$1.13B
Parsed holdings FV
$1.13B
Residual gap
$0.00
Balance-sheet cash
$210.0K
CIK
0001321741
Accession
0001321741-25-000022
Form type
10-Q
Period
2025-09-30