GAIN
Gladstone Investment
Portfolio Fair Value
$902.81M
62 holdings
Avg Spread
+8.98%
FV-weighted, debt
Avg Coupon
14.24%
FV-weighted
% First Lien
6.8%
of debt FV
Unrealized P/L
+$34.30M
+3.95% of cost
Non-Accrual
7
text-detected
Balance sheet
Assets$917.62M
Liabilities + Equity$917.62M
First Lien
$61.25M · 6.7%
Other Debt
$552.36M · 60.2%
Other Debt
$552.36M · 60.2%
Equity
$289.18M · 31.5%
Equity
$289.18M · 31.5%
Other
$22.0K · 0.0%
Cash & Equivalents
$2.82M · 0.3%
Other Assets
$12.00M · 1.3%
Debt (Borrowings)
$413.50M · 45.1%
Debt (Borrowings)
$413.50M · 45.1%
Other Liabilities
$44.18M · 4.8%
Net Assets (Equity)
$459.94M · 50.1%
Net Assets (Equity)
$459.94M · 50.1%
Industry Composition
Diversified/Conglomerate Services
28.3%
Home and Office Furnishings, Housewares, and Durable Consumer Products
17.3%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
10.2%
Hotels, Motels, Inns, and Gaming
8.9%
Buildings and Real Estate
7.1%
Healthcare, Education, and Childcare
5.6%
Oil and Gas
5.1%
Leisure, Amusement, Motion Pictures, and Entertainment
4.2%
Mining, Steel, Iron and Non-Precious Metals
3.1%
Aerospace and Defense
2.9%
Chemicals, Plastics, and Rubber
2.1%
Printing and Publishing
1.7%
Other industries
3.5%
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
62 of 62
| 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% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $57.70M | $57.70M | $0.00 | 12.90% | +7.50% | — |
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 | $43.60M | $6.65M | $36.95M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Secured First Lien Term Loan | $43.00M | $43.00M | $0.00 | 14.90% | +9.50% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Term Debt | $38.25M | $38.25M | $0.00 | 16.40% | +11.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $37.65M | $30.75M | $6.90M | — | — | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services | Common Stock | $36.31M | $6.22M | $30.09M | — | — | — |
The E3 Company, LLC | Oil and Gas | Term Debt | $33.75M | $33.75M | $0.00 | 14.40% | +9.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $32.59M | — | — | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $30.24M | $8.56M | $21.68M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 15.90% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $27.98M | $27.98M | $0.00 | 16.40% | +11.00% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Equity | $26.10M | $21.00M | $5.10M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services | Term Debt | $25.25M | $25.25M | $0.00 | 15.40% | +10.00% | — |
Nth Degree, Inc. | Diversified/Conglomerate Services | Term Debt | $24.88M | $25.00M | -$116.0K | 13.90% | +8.50% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 16.40% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $20.15M | $11.21M | $8.94M | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $20.00M | $20.00M | $0.00 | 15.90% | +10.50% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Term Debt | $19.26M | $26.62M | -$7.36M | 10.90% | +5.50% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #2 | $18.80M | $18.80M | $0.00 | 12.40% | +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 | 15.40% | +10.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #1 | $17.70M | $17.70M | $0.00 | 15.40% | +10.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Preferred Stock | $15.46M | $6.60M | $8.86M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #2 | $13.88M | $26.00M | -$12.12M | 15.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $13.00M | $13.00M | $0.00 | 14.40% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $12.15M | $12.20M | -$47.0K | 15.40% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Term Debt | $12.00M | $12.00M | $0.00 | 14.40% | +9.00% | — |
The E3 Company, LLC | Oil and Gas | Preferred Stock | $11.23M | $11.23M | $0.00 | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $10.38M | $4.00M | $6.38M | — | — | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $9.58M | $6.00M | $3.58M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #1 | $8.81M | $16.50M | -$7.69M | 11.40% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #1 | $6.90M | $6.90M | $0.00 | 9.50% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #2 | $6.85M | $6.85M | $0.00 | 15.40% | +10.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $6.39M | $6.64M | -$248.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt #1 | $6.08M | $14.00M | -$7.92M | 7.40% | +2.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Preferred Stock | $5.38M | — | — | — | — | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing | Term Debt | $4.24M | $9.21M | -$4.97M | 10.90% | +5.50% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Line of Credit | $4.00M | $4.00M | $0.00 | 13.40% | +8.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit | $2.80M | $2.80M | $0.00 | 7.40% | +2.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing | Line of Credit | $2.75M | $2.75M | $0.00 | 12.40% | +7.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Line of Credit | $2.67M | $5.00M | -$2.33M | 11.40% | +6.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $2.54M | $3.20M | -$656.0K | 16.40% | +11.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $1.85M | $6.75M | -$4.89M | — | — | — |
Home Concepts Acquisition | Printing and Publishing | Inc.- Preferred Stock | $1.71M | $3.27M | -$1.56M | — | — | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Line of Credit | $1.50M | $1.50M | $0.00 | 11.40% | +6.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #3 | $1.30M | $2.44M | -$1.14M | 11.40% | +6.00% | — |
The E3 Company, LLC | Oil and Gas | Line of Credit | $1.00M | $1.00M | $0.00 | 10.90% | +5.50% | — |
Diligent Delivery Systems | Cargo Transport | Common Stock Warrants | $500.0K | $500.0K | $0.00 | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Common Stock | $58.0K | $11.51M | -$11.46M | — | — | — |
Funko Acquisition Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Units | $22.0K | $21.0K | $1.0K | — | — | — |
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 | Preferred Stock | $0.00 | $9.58M | -$9.58M | — | — | — |
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 | — | — | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) | Line of Credit | $0.00 | $4.55M | -$4.55M | 10.40% | +5.00% | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) | Term Debt | $0.00 | $3.20M | -$3.20M | 9.40% | +4.00% | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) | Preferred Stock | $0.00 | $6.90M | -$6.90M | — | — | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Stock | $0.00 | $1.0K | -$1.0K | — | — | — |
Disclosed holdings FV
$902.81M
Parsed holdings FV
$902.81M
Residual gap
$0.00
Balance-sheet cash
$2.82M
CIK
0001321741
Accession
0001321741-24-000005
Form type
10-Q
Period
2023-12-31