GAIN
Gladstone Investment
Portfolio Fair Value
$915.64M
66 holdings
Avg Spread
+9.18%
FV-weighted, debt
Avg Coupon
14.35%
FV-weighted
% First Lien
6.7%
of debt FV
Unrealized P/L
+$80.84M
+9.68% of cost
Non-Accrual
7
text-detected
Balance sheet
Assets$928.35M
Liabilities + Equity$928.35M
First Lien
$61.25M · 6.6%
Other Debt
$550.00M · 59.2%
Other Debt
$550.00M · 59.2%
Equity
$304.36M · 32.8%
Equity
$304.36M · 32.8%
Other
$22.0K · 0.0%
Cash & Equivalents
$2.09M · 0.2%
Other Assets
$10.62M · 1.1%
Debt (Borrowings)
$409.67M · 44.1%
Debt (Borrowings)
$409.67M · 44.1%
Other Liabilities
$43.01M · 4.6%
Net Assets (Equity)
$475.67M · 51.2%
Net Assets (Equity)
$475.67M · 51.2%
Industry Composition
Diversified/Conglomerate Services
36.4%
Home and Office Furnishings, Housewares, and Durable Consumer Products
16.8%
Hotels, Motels, Inns, and Gaming
8.8%
Buildings and Real Estate
6.4%
Healthcare, Education, and Childcare
5.2%
Oil and Gas
5.0%
Leisure, Amusement, Motion Pictures, and Entertainment
4.2%
Mining, Steel, Iron and Non-Precious Metals
3.0%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
2.9%
Aerospace and Defense
2.8%
Chemicals, Plastics, and Rubber
2.6%
Printing and Publishing
1.7%
Other industries
4.2%
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%
11.5%
13.0%
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 | $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% | — |
Counsel Press, Inc. | Diversified/Conglomerate Services | Preferred Stock | $49.22M | $7.00M | $42.23M | — | — | — |
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% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $42.28M | $6.65M | $35.63M | — | — | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Term Debt | $38.25M | $38.25M | $0.00 | 16.30% | +11.00% | — |
The E3 Company, LLC | Oil and Gas | Term Debt | $33.75M | $33.75M | $0.00 | 14.30% | +9.00% | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services | Common Stock | $33.17M | $6.22M | $26.95M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $31.74M | — | — | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 15.80% | +10.50% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $28.01M | $8.56M | $19.45M | — | — | — |
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 | $26.94M | $25.25M | $1.69M | 15.30% | +10.00% | — |
Nth Degree, Inc. | Diversified/Conglomerate Services | Term Debt | $24.75M | $25.00M | -$250.0K | 13.80% | +8.50% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Term Debt | $23.66M | $26.62M | -$2.96M | 10.80% | +5.50% | — |
Counsel Press, Inc. | Diversified/Conglomerate Services | Term Debt #1 | $22.11M | $21.10M | $1.01M | 17.10% | +11.80% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 16.30% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $20.94M | $11.21M | $9.73M | — | — | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Equity | $20.45M | $21.00M | -$554.0K | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $20.00M | $20.00M | $0.00 | 15.80% | +10.50% | — |
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% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Preferred Stock | $17.88M | $6.60M | $11.28M | — | — | — |
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% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #2 | $13.89M | $26.00M | -$12.11M | 15.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $13.00M | $13.00M | $0.00 | 14.30% | +9.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt #2 | $12.52M | $12.52M | $0.00 | 12.30% | +7.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Term Debt | $12.00M | $12.00M | $0.00 | 14.30% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $11.92M | $12.20M | -$277.0K | 15.30% | +10.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt #1 | $11.41M | $14.00M | -$2.59M | 7.30% | +2.00% | — |
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 | $10.53M | $4.00M | $6.53M | — | — | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $9.24M | $6.00M | $3.24M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #1 | $8.81M | $16.50M | -$7.69M | 11.30% | +6.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Preferred Stock | $8.62M | $4.82M | $3.80M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $6.95M | $6.64M | $308.0K | — | — | — |
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% | — |
Counsel Press, Inc. | Diversified/Conglomerate Services | Term Debt #2 | $6.72M | $6.40M | $324.0K | 18.30% | +13.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Preferred Stock | $6.59M | — | — | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $4.34M | $9.21M | -$4.87M | 10.80% | +5.50% | — |
Home Concepts Acquisition | Printing and Publishing | Inc.- Preferred Stock | $3.27M | $3.27M | $0.00 | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $3.20M | $3.20M | $0.00 | 16.30% | +11.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt #1 | $3.13M | $3.13M | $0.00 | 12.30% | +7.00% | — |
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 | $2.67M | $5.00M | -$2.33M | 11.30% | +6.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $2.44M | $222.0K | $2.22M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit | $2.28M | $2.80M | -$518.0K | 7.30% | +2.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Line of Credit | $2.00M | $2.00M | $0.00 | 13.30% | +8.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #3 | $1.30M | $2.44M | -$1.14M | 11.30% | +6.00% | — |
Diligent Delivery Systems | Cargo Transport | Common Stock Warrants | $1.16M | $500.0K | $657.0K | — | — | — |
The E3 Company, LLC | Oil and Gas | Line of Credit | $1.00M | $1.00M | $0.00 | 10.80% | +5.50% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $651.0K | $6.75M | -$6.10M | — | — | — |
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 | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Common Stock | $0.00 | $11.51M | -$11.51M | — | — | — |
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 | 10.30% | +5.00% | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) | Term Debt | $0.00 | $3.20M | -$3.20M | 9.30% | +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
$915.64M
Parsed holdings FV
$915.64M
Residual gap
$0.00
Balance-sheet cash
$2.09M
CIK
0001321741
Accession
0001321741-23-000026
Form type
10-Q
Period
2023-09-30