GAIN
Gladstone Investment
Portfolio Fair Value
$899.14M
57 holdings
Avg Spread
+9.01%
FV-weighted, debt
Avg Coupon
14.19%
FV-weighted
% First Lien
6.8%
of debt FV
Unrealized P/L
+$47.27M
+5.55% of cost
Non-Accrual
7
text-detected
Balance sheet
Assets$914.21M
Liabilities + Equity$914.21M
First Lien
$61.25M · 6.7%
Other Debt
$539.80M · 59.0%
Other Debt
$539.80M · 59.0%
Equity
$298.09M · 32.6%
Equity
$298.09M · 32.6%
Cash & Equivalents
$2.44M · 0.3%
Other Assets
$12.63M · 1.4%
Debt (Borrowings)
$395.38M · 43.2%
Debt (Borrowings)
$395.38M · 43.2%
Other Liabilities
$41.44M · 4.5%
Net Assets (Equity)
$477.38M · 52.2%
Net Assets (Equity)
$477.38M · 52.2%
Industry Composition
Diversified/Conglomerate Services
26.6%
Home and Office Furnishings, Housewares, and Durable Consumer Products
18.4%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
10.3%
Hotels, Motels, Inns, and Gaming
8.2%
Buildings and Real Estate
6.8%
Oil and Gas
5.9%
Healthcare, Education, and Childcare
5.5%
Leisure, Amusement, Motion Pictures, and Entertainment
4.4%
Mining, Steel, Iron and Non-Precious Metals
3.8%
Aerospace and Defense
3.2%
Chemicals, Plastics, and Rubber
2.2%
Printing and Publishing
1.6%
Other industries
3.1%
Spread Distribution
2.0%
4.0%
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
57 of 57
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Term Debt | $61.10M | $61.10M | $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% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $51.29M | $57.70M | -$6.41M | 12.80% | +7.50% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $48.91M | $6.65M | $42.26M | — | — | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services | Common Stock | $44.25M | $6.22M | $38.03M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Secured First Lien Term Loan | $43.00M | $43.00M | $0.00 | 14.80% | +9.50% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Term Debt | $38.25M | $38.25M | $0.00 | 16.30% | +11.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $37.88M | $30.75M | $7.14M | — | — | — |
The E3 Company, LLC | Oil and Gas | Term Debt | $33.75M | $33.75M | $0.00 | 14.30% | +9.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $32.17M | — | — | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $29.77M | $8.56M | $21.21M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 15.80% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $27.98M | $27.98M | $0.00 | 16.30% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Term Debt | $25.25M | $25.25M | $0.00 | 15.30% | +10.00% | — |
Nth Degree, Inc. | Diversified/Conglomerate Services | Term Debt | $25.00M | $25.00M | $0.00 | 13.80% | +8.50% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Equity | $23.25M | $21.00M | $2.25M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 16.30% | +11.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $20.00M | $20.00M | $0.00 | 15.80% | +10.50% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Term Debt | $19.49M | $26.62M | -$7.13M | 10.80% | +5.50% | — |
The E3 Company, LLC | Oil and Gas | Preferred Stock | $19.07M | $11.23M | $7.83M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #2 | $18.80M | $18.80M | $0.00 | 12.30% | +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 | 15.30% | +10.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #1 | $17.70M | $17.70M | $0.00 | 15.30% | +10.00% | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $16.25M | $6.00M | $10.25M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #2 | $14.05M | $26.00M | -$11.95M | 15.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $13.00M | $13.00M | $0.00 | 14.30% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $12.20M | $12.20M | $0.00 | 15.30% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Term Debt | $12.00M | $12.00M | $0.00 | 14.30% | +9.00% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $11.83M | $4.00M | $7.83M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $10.56M | $11.21M | -$648.0K | — | — | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Preferred Stock | $10.55M | $6.60M | $3.95M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #1 | $8.92M | $16.50M | -$7.58M | 11.30% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #1 | $6.90M | $6.90M | $0.00 | 9.40% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #2 | $6.85M | $6.85M | $0.00 | 15.30% | +10.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt #1 | $5.36M | $14.00M | -$8.64M | 7.30% | +2.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $5.24M | $6.64M | -$1.40M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $4.37M | $9.58M | -$5.22M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Common Stock | $3.37M | $11.51M | -$8.14M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.30% | +2.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing | Line of Credit | $2.75M | $2.75M | $0.00 | 12.30% | +7.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Line of Credit | $2.70M | $5.00M | -$2.30M | 11.30% | +6.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Line of Credit | $2.00M | $2.00M | $0.00 | 13.30% | +8.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Line of Credit | $1.50M | $1.50M | $0.00 | 11.30% | +6.00% | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing | Term Debt | $1.46M | $9.21M | -$7.75M | 10.80% | +5.50% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #3 | $1.32M | $2.44M | -$1.12M | 11.30% | +6.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $1.14M | $3.20M | -$2.06M | 16.30% | +11.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #2 | $753.0K | $753.0K | $0.00 | 7.30% | +2.00% | — |
Home Concepts Acquisition | Printing and Publishing | Inc.- Preferred Stock | $617.0K | $3.27M | -$2.66M | — | — | — |
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 | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $0.00 | $6.75M | -$6.75M | — | — | — |
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
$899.14M
Parsed holdings FV
$899.14M
Residual gap
$0.00
Balance-sheet cash
$2.44M
CIK
0001321741
Accession
0001321741-24-000013
Form type
10-Q
Period
2024-06-30