GAIN
Gladstone Investment
Portfolio Fair Value
$853.31M
56 holdings
Avg Spread
+9.15%
FV-weighted, debt
Avg Coupon
13.91%
FV-weighted
% First Lien
7.2%
of debt FV
Unrealized P/L
+$13.16M
+1.57% of cost
Non-Accrual
9
text-detected
Balance sheet
Assets$868.78M
Liabilities + Equity$868.78M
First Lien
$61.25M · 7.1%
Other Debt
$519.57M · 59.8%
Other Debt
$519.57M · 59.8%
Equity
$272.48M · 31.4%
Equity
$272.48M · 31.4%
Cash & Equivalents
$2.02M · 0.2%
Other Assets
$13.45M · 1.5%
Debt (Borrowings)
$341.04M · 39.3%
Debt (Borrowings)
$341.04M · 39.3%
Other Liabilities
$69.37M · 8.0%
Net Assets (Equity)
$458.38M · 52.8%
Net Assets (Equity)
$458.38M · 52.8%
Industry Composition
Home and Office Furnishings, Housewares, and Durable Consumer Products
19.3%
Diversified/Conglomerate Services
19.3%
Hotels, Motels, Inns, and Gaming
11.6%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
10.8%
Buildings and Real Estate
7.2%
Oil and Gas
6.6%
Healthcare, Education, and Childcare
5.9%
Leisure, Amusement, Motion Pictures, and Entertainment
5.0%
Mining, Steel, Iron and Non-Precious Metals
3.9%
Aerospace and Defense
3.7%
Chemicals, Plastics, and Rubber
2.2%
Printing and Publishing
1.6%
Other industries
2.8%
Spread Distribution
2.0%
4.0%
5.5%
6.0%
7.0%
7.5%
8.0%
9.0%
9.5%
10.0%
10.5%
11.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
56 of 56
| 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% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $46.59M | $6.65M | $39.94M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Secured First Lien Term Loan | $43.00M | $43.00M | $0.00 | 14.30% | +9.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $39.54M | $57.70M | -$18.16M | 12.30% | +7.50% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Term Debt | $38.25M | $38.25M | $0.00 | 15.80% | +11.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $37.83M | $30.75M | $7.08M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $35.37M | — | — | — | — | — |
The E3 Company, LLC | Oil and Gas | Term Debt | $33.75M | $33.75M | $0.00 | 13.80% | +9.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $30.14M | $8.56M | $21.58M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 15.30% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $27.98M | $27.98M | $0.00 | 15.80% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Term Debt | $25.25M | $25.25M | $0.00 | 14.80% | +10.00% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Equity | $23.50M | $21.00M | $2.50M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 15.80% | +11.00% | — |
The E3 Company, LLC | Oil and Gas | Preferred Stock | $21.63M | $11.23M | $10.40M | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $20.00M | $20.00M | $0.00 | 15.30% | +10.50% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.80% | +7.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Term Debt | $18.60M | $26.62M | -$8.02M | 10.30% | +5.50% | — |
Utah Pacific Bridge & Steel, Ltd., | Mining, Steel, Iron and Non-Precious Metals | Secured First Lien Debt #2 | $18.25M | $18.25M | $0.00 | 14.80% | +10.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #1 | $17.70M | $17.70M | $0.00 | 14.80% | +10.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Preferred Stock | $17.25M | $6.60M | $10.65M | — | — | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $15.27M | $6.00M | $9.27M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #2 | $14.65M | $26.00M | -$11.35M | 15.10% | +10.30% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $14.40M | $4.00M | $10.40M | — | — | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $12.41M | $13.00M | -$592.0K | 13.80% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $12.20M | $12.20M | $0.00 | 14.80% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Term Debt | $12.00M | $12.00M | $0.00 | 13.80% | +9.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $11.14M | $11.21M | -$61.0K | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #1 | $9.30M | $16.50M | -$7.20M | 10.80% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #1 | $6.90M | $6.90M | $0.00 | 8.90% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #2 | $6.85M | $6.85M | $0.00 | 14.80% | +10.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $6.68M | $6.64M | $37.0K | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Common Stock | $6.13M | $11.51M | -$5.39M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $3.28M | $9.58M | -$6.31M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $3.27M | $6.75M | -$3.48M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Line of Credit | $2.82M | $5.00M | -$2.18M | 10.80% | +6.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing | Line of Credit | $2.75M | $2.75M | $0.00 | 11.80% | +7.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt #1 | $2.52M | $14.00M | -$11.48M | 7.00% | +2.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $2.23M | $3.20M | -$966.0K | 15.80% | +11.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Line of Credit | $2.00M | $2.00M | $0.00 | 12.80% | +8.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Line of Credit | $1.50M | $1.50M | $0.00 | 10.80% | +6.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #3 | $1.38M | $2.44M | -$1.06M | 10.80% | +6.00% | — |
The E3 Company, LLC | Oil and Gas | Line of Credit | $1.00M | $1.00M | $0.00 | 10.30% | +5.50% | — |
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 | $570.0K | $9.21M | -$8.64M | 10.30% | +5.50% | — |
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
$853.31M
Parsed holdings FV
$853.31M
Residual gap
$0.00
Balance-sheet cash
$2.02M
CIK
0001321741
Accession
0001321741-24-000017
Form type
10-Q
Period
2024-09-30