GAIN
Gladstone Investment
Portfolio Fair Value
$800.08M
62 holdings
Avg Spread
+9.37%
FV-weighted, debt
Avg Coupon
14.39%
FV-weighted
% First Lien
7.7%
of debt FV
Unrealized P/L
+$32.09M
+4.18% of cost
Non-Accrual
7
text-detected
Balance sheet
Assets$847.12M
Liabilities + Equity$847.12M
First Lien
$61.25M · 7.2%
Other Debt
$495.76M · 58.5%
Other Debt
$495.76M · 58.5%
Equity
$243.04M · 28.7%
Equity
$243.04M · 28.7%
Other
$31.0K · 0.0%
Cash & Equivalents
$37.10M · 4.4%
Other Assets
$9.95M · 1.2%
Debt (Borrowings)
$376.16M · 44.4%
Debt (Borrowings)
$376.16M · 44.4%
Other Liabilities
$34.53M · 4.1%
Net Assets (Equity)
$436.44M · 51.5%
Net Assets (Equity)
$436.44M · 51.5%
Industry Composition
Diversified/Conglomerate Services
33.9%
Home and Office Furnishings, Housewares, and Durable Consumer Products
18.4%
Hotels, Motels, Inns, and Gaming
7.6%
Buildings and Real Estate
7.5%
Leisure, Amusement, Motion Pictures, and Entertainment
5.0%
Healthcare, Education, and Childcare
4.8%
Aerospace and Defense
3.2%
Chemicals, Plastics, and Rubber
3.2%
Diversified/Conglomerate Services Total
3.1%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
2.9%
Mining, Steel, Iron and Non-Precious Metals Total
2.3%
Telecommunications
2.1%
Other industries
6.0%
Spread Distribution
4.0%
5.0%
5.5%
6.0%
7.0%
7.5%
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
62 of 62
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $57.70M | $57.70M | $0.00 | 12.60% | +7.50% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Secured First Lien Term Loan | $43.00M | $43.00M | $0.00 | 14.60% | +9.50% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Term Debt | $42.45M | $42.45M | $0.00 | 14.50% | +10.50% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Term Debt | $38.25M | $38.25M | $0.00 | 16.10% | +11.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $36.57M | $6.65M | $29.91M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $31.82M | — | — | — | — | — |
Counsel Press, Inc. | Diversified/Conglomerate Services | Preferred Stock | $28.89M | $7.00M | $21.90M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 15.60% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $27.98M | $27.98M | $0.00 | 16.10% | +11.00% | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services | Common Stock | $27.29M | $6.22M | $21.07M | — | — | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Term Debt | $25.45M | $26.62M | -$1.16M | 10.60% | +5.50% | — |
Mason West, LLC | Diversified/Conglomerate Services | Term Debt | $25.25M | $25.25M | $0.00 | 15.10% | +10.00% | — |
Nth Degree, Inc. | Diversified/Conglomerate Services Total | Term Debt | $25.00M | $25.00M | $0.00 | 13.60% | +8.50% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 16.10% | +11.00% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Equity | $21.57M | $21.00M | $572.0K | — | — | — |
Counsel Press, Inc. | Diversified/Conglomerate Services | Term Debt #1 | $21.10M | $21.10M | $0.00 | 16.90% | +11.80% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $20.00M | $20.00M | $0.00 | 15.60% | +10.50% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #2 | $18.80M | $18.80M | $0.00 | 12.10% | +7.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming | Preferred Stock | $18.73M | $6.60M | $12.13M | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $18.46M | $8.56M | $9.90M | — | — | — |
Utah Pacific Bridge & Steel, Ltd., | Mining, Steel, Iron and Non-Precious Metals Total | Secured First Lien Debt #2 | $18.25M | $18.25M | $0.00 | 15.10% | +10.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #1 | $17.70M | $17.70M | $0.00 | 15.10% | +10.00% | — |
B+T Group Acquisition, Inc.(L) | Telecommunications | Term Debt #2 | $14.00M | $14.00M | $0.00 | 16.10% | +11.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #2 | $13.94M | $26.00M | -$12.06M | 15.40% | +10.30% | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $13.88M | $11.21M | $2.68M | — | — | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $13.00M | $13.00M | $0.00 | 14.10% | +9.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt #2 | $12.52M | $12.52M | $0.00 | 12.10% | +7.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing Total | Term Debt | $12.00M | $12.00M | $0.00 | 14.10% | +9.00% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $11.97M | $4.00M | $7.97M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $11.07M | $12.20M | -$1.13M | 15.10% | +10.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #1 | $8.85M | $16.50M | -$7.65M | 11.10% | +6.00% | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $8.03M | $6.00M | $2.03M | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Preferred Stock | $7.43M | $4.64M | $2.79M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #1 | $6.90M | $6.90M | $0.00 | 9.20% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #2 | $6.85M | $6.85M | $0.00 | 15.10% | +10.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Preferred Stock | $6.43M | — | — | — | — | — |
Counsel Press, Inc. | Diversified/Conglomerate Services | Term Debt #2 | $6.40M | $6.40M | $0.00 | 18.10% | +13.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $5.15M | $6.64M | -$1.49M | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $4.13M | $9.21M | -$5.08M | 10.60% | +5.50% | — |
Home Concepts Acquisition | Printing and Publishing Total | Inc.- Preferred Stock | $3.27M | $3.27M | $0.00 | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $3.20M | $3.20M | $0.00 | 16.10% | +11.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt #1 | $3.13M | $3.13M | $0.00 | 12.10% | +7.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit | $2.80M | $2.80M | $0.00 | 16.10% | +11.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing | Line of Credit | $2.75M | $2.75M | $0.00 | 12.10% | +7.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Line of Credit | $2.68M | $5.00M | -$2.32M | 11.10% | +6.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $2.04M | $6.75M | -$4.71M | — | — | — |
Diligent Delivery Systems | Cargo Transport | Common Stock Warrants | $1.49M | $500.0K | $987.0K | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #3 | $1.31M | $2.44M | -$1.13M | 11.10% | +6.00% | — |
Funko Acquisition Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) | Common Units | $31.0K | $21.0K | $10.0K | — | — | — |
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 | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $0.00 | $222.0K | -$222.0K | — | — | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) | Line of Credit | $0.00 | $4.55M | -$4.55M | 10.10% | +5.00% | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) | Term Debt | $0.00 | $3.20M | -$3.20M | 9.10% | +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
$800.08M
Parsed holdings FV
$800.08M
Residual gap
$0.00
Balance-sheet cash
$37.10M
CIK
0001321741
Accession
0001321741-23-000021
Form type
10-Q
Period
2023-06-30