GAIN
Gladstone Investment
Portfolio Fair Value
$1.07B
66 holdings
Avg Spread
+9.04%
FV-weighted, debt
Avg Coupon
13.48%
FV-weighted
% First Lien
5.3%
of debt FV
Unrealized P/L
+$50.49M
+4.94% of cost
Non-Accrual
9
text-detected
Balance sheet
Assets$1.09B
Liabilities + Equity$1.09B
First Lien
$57.32M · 5.3%
Other Debt
$651.33M · 59.9%
Other Debt
$651.33M · 59.9%
Equity
$363.58M · 33.4%
Equity
$363.58M · 33.4%
Cash & Equivalents
$2.57M · 0.2%
Other Assets
$12.96M · 1.2%
Debt (Borrowings)
$546.56M · 50.2%
Debt (Borrowings)
$546.56M · 50.2%
Other Liabilities
$51.15M · 4.7%
Net Assets (Equity)
$490.05M · 45.1%
Net Assets (Equity)
$490.05M · 45.1%
Industry Composition
Diversified/Conglomerate Services
15.6%
Home and Office Furnishings, Housewares, and Durable Consumer Products
15.3%
Hotels, Motels, Inns, and Gaming
10.9%
Aerospace and Defense
10.1%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
9.4%
Leisure, Amusement, Motion Pictures, and Entertainment
6.9%
Electronics
6.7%
Oil and Gas
6.3%
Buildings and Real Estate
5.8%
Healthcare, Education, and Childcare
4.1%
Mining, Steel, Iron and Non-Precious Metals
3.3%
Chemicals, Plastics, and Rubber
1.5%
Other industries
4.1%
Spread Distribution
2.0%
4.0%
5.0%
5.5%
6.0%
7.0%
7.5%
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
66 of 66
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Term Debt | $79.60M | $79.60M | $0.00 | 14.50% | +10.50% | — |
Ricardo 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) | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Nielsen-Kellerman Acquisition Corp. TL | 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 | $48.08M | $6.65M | $41.43M | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $46.27M | $30.75M | $15.53M | — | — | — |
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 | Secured First Lien Term Loan | $38.00M | $38.00M | $0.00 | 13.80% | +9.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $37.81M | $57.70M | -$19.89M | 11.80% | +7.50% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $36.72M | — | — | — | — | — |
The E3 Company, LLC | Oil and Gas | Term Debt | $33.75M | $33.75M | $0.00 | 13.30% | +9.00% | — |
The E3 Company, LLC | Oil and Gas | Preferred Stock | $33.52M | $11.23M | $22.29M | — | — | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Preferred Stock | $30.93M | $6.60M | $24.33M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 14.80% | +10.50% | — |
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% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $24.13M | $8.56M | $15.57M | — | — | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Equity | $23.45M | $21.00M | $2.45M | — | — | — |
Nielsen-Kellerman Acquisition Corp. | Electronics | Preferred Stock | $22.17M | $22.17M | $0.00 | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 15.30% | +11.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $20.00M | $20.00M | $0.00 | 14.80% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $19.17M | $4.00M | $15.17M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.30% | +7.00% | — |
Utah Pacific Bridge & Steel, Ltd., | Mining, Steel, Iron and Non-Precious Metals | Secured First Lien Debt #2 | $18.25M | $18.25M | $0.00 | 14.30% | +10.00% | — |
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% | — |
Ricardo Defense, Inc. | Aerospace and Defense | Preferred Stock | $17.39M | $17.39M | $0.00 | — | — | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $17.34M | $6.00M | $11.34M | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $17.12M | $17.12M | $0.00 | 13.00% | +8.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Term Debt | $15.89M | $26.62M | -$10.73M | 9.80% | +5.50% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #2 | $15.50M | $26.00M | -$10.50M | 14.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $12.51M | $13.00M | -$486.0K | 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 | $12.00M | $12.00M | $0.00 | 13.30% | +9.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #1 | $9.84M | $16.50M | -$6.66M | 10.30% | +6.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $9.47M | $11.21M | -$1.73M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $7.78M | $6.64M | $1.14M | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $7.06M | $7.06M | $0.00 | — | — | — |
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% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $6.54M | $6.75M | -$210.0K | — | — | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Line of Credit | $6.00M | $6.00M | $0.00 | 12.30% | +8.00% | — |
Gladstone Alternative Income Fund. | Finance | Common Equity | $5.00M | $5.00M | $0.00 | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $4.46M | $9.58M | -$5.12M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Common Stock | $4.08M | $11.51M | -$7.44M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Line of Credit | $3.00M | $3.00M | $0.00 | 10.00% | +5.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Line of Credit | $2.98M | $5.00M | -$2.02M | 10.30% | +6.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt #1 | $2.96M | $14.00M | -$11.04M | 7.00% | +2.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing | Line of Credit | $2.75M | $2.75M | $0.00 | 11.30% | +7.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $2.40M | $3.20M | -$795.0K | 15.30% | +11.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Line of Credit | $2.00M | $2.00M | $0.00 | 10.30% | +6.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #3 | $1.45M | $2.44M | -$984.0K | 10.30% | +6.00% | — |
Nielsen-Kellerman Acquisition Corp. Line of Credit | Electronics | Secured First Lien Debt | $1.07M | $1.07M | $0.00 | 10.00% | +5.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #2 | $753.0K | $753.0K | $0.00 | 7.00% | +2.00% | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing | Term Debt | $504.0K | $9.21M | -$8.71M | 9.80% | +5.50% | — |
The E3 Company, LLC | Oil and Gas | Line of Credit | $500.0K | $500.0K | $0.00 | 10.00% | +5.50% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Line of Credit #Two | $400.0K | $400.0K | $0.00 | 10.30% | +6.00% | — |
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 | — | — | — |
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 | — | — | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Preferred Stock | $0.00 | $19.73M | -$19.73M | — | — | — |
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
$1.07B
Parsed holdings FV
$1.07B
Residual gap
$0.00
Balance-sheet cash
$2.57M
CIK
0001321741
Accession
0001321741-25-000005
Form type
10-Q
Period
2024-12-31