BDC·info
GAIN

Gladstone Investment

Period
SEC EDGAR ↗
Portfolio Fair Value
$1.04B
63 holdings
Avg Spread
+8.63%
FV-weighted, debt
Avg Coupon
13.19%
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
+$39.21M
+3.93% of cost
Non-Accrual
9
text-detected

Balance sheet

Assets$1.05B
Liabilities + Equity$1.05B
Other Debt
$650.40M · 61.7%
Equity
$386.35M · 36.7%
Debt (Borrowings)
$518.63M · 49.2%
Net Assets (Equity)
$485.30M · 46.0%

Industry Composition

Diversified/Conglomerate Services
18.2%
Home and Office Furnishings, Housewares, and Durable Consumer Products
14.5%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
10.6%
Aerospace and Defense
10.1%
Leisure, Amusement, Motion Pictures, and Entertainment
7.7%
Oil and Gas
7.0%
Electronics
6.9%
Buildings and Real Estate
6.7%
Chemicals, Plastics, and Rubber
5.3%
Healthcare, Education, and Childcare
4.6%
Mining, Steel, Iron and Non-Precious Metals
4.2%
Cargo Transport
1.3%
Other industries
2.9%

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
Detroit Defense, Inc.
Aerospace and Defense
Term Debt
$61.30M
$61.30M
$0.00
13.30%+9.00%
—
SFEG Holdings, Inc.
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
Common Stock
$55.34M
$30.75M
$24.59M
——
—
SFEG Holdings, Inc.
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
Term Debt #1
$54.64M
$54.64M
$0.00
12.50%+7.00%
—
Nielsen-Kellerman Acquisition Corp.
Electronics
Term Debt
$48.08M
$48.08M
$0.00
13.50%+8.50%
—
Brunswick Bowling Products, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Preferred Stock
$45.48M
$6.65M
$38.83M
——
—
The E3 Company, LLC
Oil and Gas
Preferred Stock
$38.54M
$11.23M
$27.30M
——
—
Dema/Mai Holdings, Inc
Buildings and Real Estate
Term Debt
$38.25M
$38.25M
$0.00
15.30%+11.00%
—
Old World Christmas, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Term Debt
$38.00M
$38.00M
$0.00
13.80%+9.50%
—
Smart Chemical Solutions, LLC
Chemicals, Plastics, and Rubber
Term Debt
$35.66M
$35.66M
$0.00
13.50%+9.00%
—
The E3 Company, LLC
Oil and Gas
Term Debt
$33.75M
$33.75M
$0.00
13.50%+9.00%
—
Dema/Mai Holdings, Inc
Buildings and Real Estate
Preferred Stock
$30.82M
$21.00M
$9.82M
——
—
Horizon Facilities Services, Inc.
Diversified/Conglomerate Services
Term Debt
$30.73M
$57.70M
-$26.97M
6.00%+0.50%
—
Educators Resource, Inc.
Healthcare, Education, and Childcare
Term Debt
$30.00M
$30.00M
$0.00
14.80%+10.50%
—
The Maids International, LLC
Diversified/Conglomerate Services
Term Debt
$28.56M
$28.56M
$0.00
14.80%+10.50%
—
UPB Acquisition, Inc.
Mining, Steel, Iron and Non-Precious Metals
Preferred Stock
$28.50M
$6.00M
$22.50M
——
—
Schylling, Inc.
Leisure, Amusement, Motion Pictures, and Entertainment
Term Debt
$27.98M
$27.98M
$0.00
15.30%+11.00%
—
Mason West, LLC
Diversified/Conglomerate Services
Term Debt
$25.25M
$25.25M
$0.00
14.30%+10.00%
—
Old World Christmas, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Preferred Stock
$24.91M
—
—
——
—
Schylling, Inc.
Leisure, Amusement, Motion Pictures, and Entertainment
Preferred Stock
$23.58M
$4.00M
$19.58M
——
—
Nielsen-Kellerman Acquisition Corp.
Electronics
Preferred Stock
$23.25M
$22.17M
$1.08M
——
—
ImageWorks Display and Marketing Group, Inc.
Diversified/Conglomerate Services
Term Debt
$22.00M
$22.00M
$0.00
15.30%+11.00%
—
Pyrotek Special Effects, Inc.
Leisure, Amusement, Motion Pictures, and Entertainment
Term Debt
$20.12M
$20.12M
$0.00
13.00%+8.00%
—
Galaxy Technologies Holdings, Inc.
Aerospace and Defense
Term Debt #2
$18.80M
$18.80M
$0.00
11.30%+7.00%
—
Educators Resource, Inc.
Healthcare, Education, and Childcare
Preferred Stock
$18.20M
$8.56M
$9.64M
——
—
ImageWorks Display and Marketing Group, Inc.
Diversified/Conglomerate Services
Preferred Stock
$18.19M
$6.75M
$11.44M
——
—
Detroit Defense, Inc.
Aerospace and Defense
Preferred Stock
$18.17M
$17.39M
$781.0K
——
—
Brunswick Bowling Products, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Term Debt #1
$17.70M
$17.70M
$0.00
14.30%+10.00%
—
J.R. Hobbs Co. - Atlanta, LLC
Diversified/Conglomerate Services
Term Debt #2
$16.05M
$26.00M
-$9.95M
14.60%+10.30%
—
Mason West, LLC
Diversified/Conglomerate Services
Preferred Stock
$15.78M
$11.21M
$4.57M
——
—
UPB Acquisition, Inc.
Mining, Steel, Iron and Non-Precious Metals
Term Debt
$15.00M
$15.00M
$0.00
14.30%+10.00%
—
Smart Chemical Solutions, LLC
Chemicals, Plastics, and Rubber
Preferred Stock
$13.84M
$13.84M
$0.00
——
—
Diligent Delivery Systems
Cargo Transport
Term Debt
$13.00M
$13.00M
$0.00
13.30%+9.00%
—
Ginsey Home Solutions, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Term Debt
$12.20M
$12.20M
$0.00
14.30%+10.00%
—
Home Concepts Acquisition, Inc.
Printing and Publishing
Term Debt
$10.61M
$12.00M
-$1.39M
13.30%+9.00%
—
J.R. Hobbs Co. - Atlanta, LLC
Diversified/Conglomerate Services
Term Debt #1
$10.19M
$16.50M
-$6.31M
10.30%+6.00%
—
Sun State Nursery and Landscaping, LLC
Diversified/Conglomerate Services
Term Debt
$9.52M
$9.52M
$0.00
13.50%+9.00%
—
Pyrotek Special Effects, Inc.
Leisure, Amusement, Motion Pictures, and Entertainment
Preferred Stock
$7.91M
$7.06M
$847.0K
——
—
Galaxy Technologies Holdings, Inc.
Aerospace and Defense
Term Debt #1
$6.90M
$6.90M
$0.00
8.40%+4.10%
—
Brunswick Bowling Products, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Term Debt #2
$6.85M
$6.85M
$0.00
14.30%+10.00%
—
Ginsey Home Solutions, Inc.
Home and Office Furnishings, Housewares, and Durable Consumer Products
Preferred Stock
$5.60M
$9.58M
-$3.98M
——
—
PSI Molded Plastics, Inc.
Chemicals, Plastics, and Rubber
Preferred Stock
$5.48M
$46.75M
-$41.27M
——
—
Gladstone Alternative Income Fund.
Finance
Common Equity
$5.01M
$5.00M
$10.0K
——
—
The Maids International, LLC
Diversified/Conglomerate Services
Preferred Stock
$4.68M
$6.64M
-$1.96M
——
—
B+T Group Acquisition, Inc.
Telecommunications
Term Debt #1
$3.36M
$14.00M
-$10.64M
7.00%+2.00%
—
J.R. Hobbs Co. - Atlanta, LLC
Diversified/Conglomerate Services
Line of Credit
$3.09M
$5.00M
-$1.91M
10.30%+6.00%
—
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
5.70%+1.40%
—
Home Concepts Acquisition, Inc.
Printing and Publishing
Line of Credit
$2.00M
$2.00M
$0.00
10.30%+6.00%
—
Phoenix Door Systems, Inc.
Diversified/Conglomerate Manufacturing
Term Debt
$1.60M
$3.20M
-$1.60M
7.70%+3.40%
—
J.R. Hobbs Co. - Atlanta, LLC
Diversified/Conglomerate Services
Term Debt #3
$1.50M
$2.44M
-$933.0K
10.30%+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
$368.0K
$9.21M
-$8.84M
9.80%+5.50%
—
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
——
—
J.R. Hobbs Co. – Atlanta, LLC
Diversified/Conglomerate Services
Preferred Stock
$0.00
$10.92M
-$10.92M
——
—
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
$1.04B
Parsed holdings FV
$1.04B
Residual gap
$0.00
Balance-sheet cash
$4.12M
CIK
0001321741
Accession
0001321741-25-000018
Form type
10-Q
Period
2025-06-30