GAIN
Gladstone Investment
Portfolio Fair Value
$920.50M
59 holdings
Avg Spread
+9.04%
FV-weighted, debt
Avg Coupon
14.17%
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
+$66.21M
+7.75% of cost
Non-Accrual
5
text-detected
Balance sheet
Assets$938.08M
Liabilities + Equity$938.08M
Other Debt
$613.56M · 65.4%
Other Debt
$613.56M · 65.4%
Equity
$306.93M · 32.7%
Equity
$306.93M · 32.7%
Other
$18.0K · 0.0%
Cash & Equivalents
$2.46M · 0.3%
Other Assets
$15.12M · 1.6%
Debt (Borrowings)
$398.35M · 42.5%
Debt (Borrowings)
$398.35M · 42.5%
Other Liabilities
$47.03M · 5.0%
Net Assets (Equity)
$492.71M · 52.5%
Net Assets (Equity)
$492.71M · 52.5%
Industry Composition
Diversified/Conglomerate Services
28.7%
Home and Office Furnishings, Housewares, and Durable Consumer Products
17.4%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
10.1%
Hotels, Motels, Inns, and Gaming Total
7.1%
Oil and Gas
5.6%
Healthcare, Education, and Childcare
5.4%
Leisure, Amusement, Motion Pictures, and Entertainment
4.3%
Buildings and Real Estate Total
4.2%
Aerospace and Defense
3.2%
Buildings and Real Estate
2.4%
Chemicals, Plastics, and Rubber
2.2%
Mining, Steel, Iron and Non-Precious Metals Total
2.0%
Other industries
7.6%
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
59 of 59
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Nocturne Villa Rentals, Inc. | Hotels, Motels, Inns, and Gaming Total | Term Debt | $61.10M | $61.10M | $0.00 | 14.50% | +10.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $57.70M | $57.70M | $0.00 | 12.80% | +7.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services | Common Stock | $51.44M | $6.22M | $45.22M | — | — | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $48.76M | $6.65M | $42.11M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $43.00M | $43.00M | $0.00 | 14.80% | +9.50% | — |
Dema/Mai Holdings, Inc. | Buildings and Real Estate Total | 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 | $38.14M | $30.75M | $7.39M | — | — | — |
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 | $30.64M | — | — | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $29.64M | $8.56M | $21.08M | — | — | — |
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 | $22.18M | $21.00M | $1.18M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 16.30% | +11.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Term Debt | $20.36M | $26.62M | -$6.25M | 10.80% | +5.50% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $20.00M | $20.00M | $0.00 | 15.80% | +10.50% | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $19.76M | $11.21M | $8.55M | — | — | — |
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 Total | Term Debt | $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% | — |
The E3 Company, LLC | Oil and Gas | Preferred Stock | $16.42M | $11.23M | $5.19M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #2 | $13.95M | $26.00M | -$12.05M | 15.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $13.00M | $13.00M | $0.00 | 14.30% | +9.00% | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $12.29M | $6.00M | $6.29M | — | — | — |
Nocturne Villa Rentals, Inc. | Hotels, Motels, Inns, and Gaming | Preferred Stock | $12.27M | $6.60M | $5.67M | — | — | — |
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 | $11.37M | $4.00M | $7.37M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #1 | $8.85M | $16.50M | -$7.65M | 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% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $5.43M | $6.64M | -$1.21M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt | $5.27M | $14.00M | -$8.73M | 7.30% | — | — |
Nocturne Villa Rentals, Inc. | Hotels, Motels, Inns, and Gaming Total | Line of Credit | $4.00M | $4.00M | $0.00 | 13.30% | +8.00% | — |
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% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $2.90M | $9.21M | -$6.30M | 10.80% | +5.50% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $2.82M | $3.20M | -$383.0K | 16.30% | +11.00% | — |
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 | $2.68M | $5.00M | -$2.32M | 11.30% | +6.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $2.61M | $6.75M | -$4.14M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #3 | $1.31M | $2.44M | -$1.13M | 11.30% | +6.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Preferred Stock | $1.24M | $3.27M | -$2.04M | — | — | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Line of Credit | $1.00M | $1.00M | $0.00 | 11.30% | +6.00% | — |
The E3 Company, LLC | Oil and Gas | Line of Credit | $1.00M | $1.00M | $0.00 | 10.80% | +5.50% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $891.0K | $9.58M | -$8.69M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #2 | $656.0K | $656.0K | $0.00 | 7.30% | +2.00% | — |
Diligent Delivery Systems | Cargo Transport | Common Stock Warrants | $500.0K | $500.0K | $0.00 | — | — | — |
Funko Acquisition Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Units | $18.0K | $21.0K | -$3.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Preferred Stock | $0.00 | $4.72M | -$4.72M | — | — | — |
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 | — | — | — |
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
$920.50M
Parsed holdings FV
$920.50M
Residual gap
$0.00
Balance-sheet cash
$2.46M
CIK
0001321741
Accession
0001321741-24-000009
Form type
10-K
Period
2024-03-31